Jasuindo Tiga Perkasa

Stock Quote Jasuindo Tiga Perkasa - JTPE:

On 26 July 2011 Jasuindo Tiga Perkasa conducted a 1:5 stock split

Business Summary

The company has three plants in operation:

• Security documents plant
• Visa Cards, Master Cards, and other security cards plant
• Business document plant

The company's products and services are classified into:

• Security documents; using a special design and materials for credit cards, ATM cards, toll cards, deposit slips, and more.
• General printing documents; basic non-securities documents such as invoices, direct mail, vouchers, billing statements, and more.
• Sticky notes; non-security documents with a glutinous section on each sheet.
• Information Technology Solution Services; providing information solution services related to document management.

Being focused on the printing of various types of cards, Jasuindo Tiga Perkasa benefits when industries that issue such cards post good growth. These industries include the banking sector (smart cards, credit cards, ATM cards), automobile industry (driver's licenses, insurance papers), and telecommunication (SIM cards)  

National elections seem to have a positive impact in particularly in terms of non-security and general printing products. During the 2009 elections, the company's revenue from general printing products rose 52 percent (yoy). After the election year, revenue quickly declined.

Most notable customers of the company include the Indonesian government, banks, and airlines.

Jasuindo Tiga Perkasa, the only document printing company listed on the Indonesia Stock Exchange (IDX), has marketing offices in Sidoarjo (East Java), Jakarta, and Denpasar (Bali) which also serve as distribution centers to the other islands of Indonesia.

Jasuindo Tiga Perkasa's Financial Highlights:

	2010	2011	2012	2013	2014	2015	2016F	2017F
Net Sales	446.0	507.4	418.8	596.6	833.7	985.0	1,063.0	1,170.0
Gross Profit	150.7	163.1	108.2	140.1	148.5	198.0	215.0	243.0
Net Income	75.6	79.7	42.6	40.9	53.9	65.0	72.0	84.0
Total Assets	236.4	311.3	446.7	575.1	658.8	887.0	929.0	966.0
Total Liabilities	82.5	124.2	240.4	333.1	374.1	536.0	552.0	531.0
Earnings per Share¹²	42.71	46.42	24.71	23.79	31.44	38.00	42.10	49.00
Dividend per Share¹²
P/E ratio (x)			15.4	9.3	6.7	5.6	5.1	4.3
P/BV (x)			2.3	1.5	1.2	1.0	0.9	0.8

^{in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
² numbers adjusted to 1:5 stock split
Source: Jasuindo Tiga Perkasa Annual Report 2014 & Pefindo (06/05/2016)}