The Discounted Cash Flow (DCF) valuation of Jaya Konstruksi Manggala Pratama Tbk PT (JKON.JK) is 137.20 IDR. With the latest stock price at 76.00 IDR, the upside of Jaya Konstruksi Manggala Pratama Tbk PT based on DCF is 80.5%.
Based on the latest price of 76.00 IDR and our DCF valuation, Jaya Konstruksi Manggala Pratama Tbk PT (JKON.JK) is a buy. Buying JKON.JK stocks now will result in a potential gain of 80.5%.
Range | Selected | |
WACC / Discount Rate | 10.2% - 12.8% | 11.5% |
Long-term Growth Rate | 1.0% - 3.0% | 2.0% |
Fair Price | 113.69 - 175.61 | 137.20 |
Upside | 49.6% - 131.1% | 80.5% |
(IDR in millions) | Projections | |||||
12-2024 | 12-2025 | 12-2026 | 12-2027 | 12-2028 | 12-2029 | |
Revenue | 3,875,321 | 3,719,276 | 3,895,496 | 4,068,840 | 4,211,332 | 4,416,317 |
% Growth | 15% | -4% | 5% | 4% | 4% | 5% |
Cost of goods sold | (3,261,119) | (3,067,209) | (3,148,283) | (3,222,610) | (3,268,757) | (3,359,306) |
% of Revenue | 84% | 82% | 81% | 79% | 78% | 76% |
Selling, G&A expenses | (452,515) | (434,293) | (454,870) | (475,111) | (491,750) | (515,686) |
% of Revenue | 12% | 12% | 12% | 12% | 12% | 12% |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
% of Revenue | 0% | 0% | 0% | 0% | 0% | 0% |
Net interest & other expenses | 67,226 | 64,519 | 67,576 | 70,583 | 73,055 | 76,611 |
% of Revenue | 2% | 2% | 2% | 2% | 2% | 2% |
Tax expense | (39,824) | (55,066) | (70,209) | (86,162) | (102,192) | (120,540) |
Tax rate | 17% | 20% | 20% | 20% | 20% | 20% |
Net profit | 189,090 | 227,226 | 289,710 | 355,540 | 421,688 | 497,397 |
% Margin | 5% | 6% | 7% | 9% | 10% | 11% |