Express Transindo Utama

Stock Quote Express Transindo Utama - TAXI:

Business Summary

Express Transindo Utama is the biggest competitor of the Blue Bird Group with regard to taxi operations in Indonesia. Currently Blue Bird is still market leader but Express is showing signs of aggressive expansion. On 2 November 2012 Express debuted on the Indonesia Stock Exchange (making it Indonesia's first publicly traded cab service) by selling 49 percent of its equity, raising IDR 588.7 billion (about USD $60 million). Express used proceeds to increase and rejuvenate its fleet, and to acquire an entire stake in Jakarta-based taxi operator Ekspres Mulia Kencana.

Express provides the following services:

• Regular Taxi Services
• Premium Taxi Services
• Value Added Transportation Business (VATB)

However, approximately 85 percent of the company's income comes from the regular taxi services. The company's regular taxis can be found in the Greater Jakarta area, Semarang, Surabaya, Padang, and Medan. At the end of 2014, Express had around 400 premium taxicabs that are all used in the Greater Jakarta area. Its VATB business segment consists of limousine services (Bandung, Bali and Lombok) and charter bus services.

The company is part of Rajawali Corpora. Rajawali Corpora, one of Indonesia's largest conglomerates, was founded in 1984 and is active in various sectors including mining, plantation, transportation and property.

Click here for an overview and analysis of Indonesia's taxi services industry

Express Transindo Utama's Operational Highlights:

	2009	2010	2011	2012	2013	2014	2015
Taxi Fleet Size	3,198	4,922	6,002	8,035	10,000	11,050	11,050
Passengers		358,867	321,254	361,737

Express Transindo Utama's Financial Highlights:

	2010	2011	2012	2013	2014	2015
Revenue	219.3	338.4	520.9	686.9	889.7	970.1
Gross Profit	55.8	137.7	242.7	309.5	398.2	341.1
Income before Tax	46.3	81.8	106.9	174.0	153.4	50.7
Net Income	35.0	59.6	79.2	132.4	118.7	33.2
EBITDA		219.0	323.0
Earnings per Share¹	46.72	45.39	53.46	61.72	55.30	15.03
Total Assets	658.5	999.2	1,782.8	2,137.0	3,011.3	2,883.8
Total Liabilities	516.5	792.0	1,096.0	1,339.9	2,118.8	1,962.8
Dividend per Share¹			10	12

^{in billion IDR rupiah (except stated otherwise)
¹ in IDR rupiah
Sources: Express Transindo Utama, Annual Report 2015}