Profile

Industry Sector Trade, Services & Investment
Industry Sub Sector Tourism, Restaurant and Hotel
Established 10 July 1992
Listed 2 July 2004
Listed Company Code PJAA
Listed Shares 1,599,999,996
Dividend Yes
Major Shareholders (>5%) Regional Jakarta Government (72.00%)
Pembangunan Jaya (18.01%)
Key Subsidiaries Taman Impian Jaya Ancol
Seabreez Indonesia
Sarana Tirta Utama

Stock Quote Pembangunan Jaya Ancol - PJAA:

Business Summary

Pembangunan Jaya Ancol is engaged in three business segments:

Recreation: the company manages a 552 hectare-sized area in North Jakarta encompassing three theme parks - Dunia Fantasi (Dufan), Atlantis Water Adventure, and Ocean Dream Samudera. In 2014 it introduced the indoor Dunia Fantasi concept (with events such as Ice Age and Hello Kitty Adventure). Revenue from the recreation business accounts for around 66 percent of the company's total revenue.

Property Development: the company is engaged in the property sector through several residential clusters, namely Marina Coast, D’Cove, Coastavilla, Puri Marina Ancol Town House, Northland Apartment, and Jaya Ancol Seafront.

Trade & Services: the company manages an art & handicraft center and a culinary area (with well-known restaurants such as Talaga Sampireun, Jimbaran, Bandar Djakarta, and Segarra). It also owns the Candi Bentar Convention Hall and Ecovention building.

Perhaps Dufan (fantasy world) is the company's most well-known attraction, located in North Jakarta. In 2014, Dufan attracted 2.06 million visitors, up from 1.91 million in the preceding year.

Starting from mid-2015, Seaworld Ancol reopened, but this time Pembangunan Jaya Ancol manages the attraction (not a third-party), implying that revenue from this attraction will rise significantly.

Strengths & Opportunities:

Due to its proximity to the sea, the company can expand through land reclamation
Jakarta has a large and young population with relatively high per capita GDP
There are few recreational areas available in Jakarta; Ancol is Jakarta's top tourist destination

Weaknesses & Threats:

The company is only focused on the Ancol area
Increased competition from other property developers in North Jakarta's coastal area

Bonds Highlights:

Pembangunan Jaya Ancol's Financial Highlights:

     2010    2011    2012    2013    2014   2015   2016F   2017F
Net Sales   921.9   933.0 1,053.7 1,241.6 1,101.4 1,131.5 1,244.0 1,406.0
Gross Profit   386.6   420.3   457.1   493.3   499.3   540.2   572.0   655.0
Net Income   141.8   161.9   178.2   192.2   236.5   290.9   324.0   366.0
EBITDA   275.6   306.1   374.2   424.9   397.1   541.2
Income before
Tax
  186.8   208.6   239.2   262.0   284.1   378.6   461.0   520.0
Total Assets 1,569.2 1,737.0 2,388.3 2,627.1 2,910.9 3,130.2 3,486.0 3,903.0
Total Liabilities   491.2   557.8 1,078.2 1,182.1 1,316.1 1,341.6
Earnings per
Share¹
    89    101    111    120    148    182    203    229
Dividend per
Share¹
   41.5    45.0    49.5    53.4     65    
P/E Ratio (x)     9.1    12.1    11.1     9.5     8.4
P/BV (x)     1.2     1.8     1.8     1.5     1.3

in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
Source: Pembangunan Jaya Ancol Annual Report 2015 & Pefindo (06/05/2016)

Stock Performance Pembangunan Jaya Ancol (PJAA) versus Jakarta Composite Index (JKSE):*

* normalized stocks, 1 January 2015 = 100

Location

Contact Details

Ecovention Building - Ecopark
Jalan Lodan Timur No. 7, Taman Impian Jaya Ancol
Jakarta - 14430
Phone: +62 21 645 4567
Fax: +62 21 645 2986
Email: faridakusumar@yahoo.com
www.ancol.com