GIAA Relative Valuation - Garuda Indonesia (Persero) Tbk PT

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Price: 70 IDR 9.38% Market Closed

Market Cap: Rp28.5T

G	Garuda Indonesia (Persero) Tbk PT IDX:GIAA	ID
	BGI Genomics Co Ltd SZSE:300676	CN
	One 97 Communications Ltd BSE:543396	IN

Relative Value

The Relative Value of one GIAA stock under the Base Case scenario is 79.55 IDR. Compared to the current market price of 70 IDR, Garuda Indonesia (Persero) Tbk PT is Undervalued by 12%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

What is Relative Valuation?

How is Relative Value calculated?

GIAA Relative Value

Base Case

Undervaluation 12%

Relative Value

Price

Worst Case

Base Case

Best Case

Valuation Multiples

View Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
ID	G	Garuda Indonesia (Persero) Tbk PT IDX:GIAA	28.5T IDR	0.5	-13.7	22.9	22.9
US		Delta Air Lines Inc NYSE:DAL	41.4B USD	0.7	8.6	6.2	8.8
US		United Airlines Holdings Inc NASDAQ:UAL	29.1B USD	0.5	9	7.8	7.8
CH		Kinarus Therapeutics Holding AG SIX:KNRS	19.5B CHF	0	-1 404.3	-1 404.9	-1 404.9
UK		International Consolidated Airlines Group SA LSE:IAG	16.1B GBP	0.6	5.9	2.9	4.4
IE	R	Ryanair Holdings PLC LSE:RYA	15.4B EUR	1.1	8	4.5	6.8
US		Southwest Airlines Co NYSE:LUV	20.3B USD	0.7	47.6	11.3	52.3
CN		Air China Ltd SSE:601111	118B CNY	0.7	435.6	-6 612	-6 612
IN		Interglobe Aviation Ltd NSE:INDIGO	1.6T INR	1.8	47.3	7.8	15
SG		Singapore Airlines Ltd SGX:C6L	20.6B SGD	1	9.1	5.4	13.1
CN		China Southern Airlines Co Ltd SSE:600029	104.6B CNY	0.6	-77.2	34.2	34.2

				Revenue Growth	P/S to Growth
ID	G	Garuda Indonesia (Persero) Tbk PT IDX:GIAA	Average P/S: 0.8 0.5	N/A	N/A
US		Delta Air Lines Inc NYSE:DAL	0.7	3%	0.2
US		United Airlines Holdings Inc NASDAQ:UAL	0.5	7%	0.1
CH		Kinarus Therapeutics Holding AG SIX:KNRS	Not Available	N/A	N/A
UK		International Consolidated Airlines Group SA LSE:IAG	0.6	5%	0.1
IE	R	Ryanair Holdings PLC LSE:RYA	1.1	9%	0.1
US		Southwest Airlines Co NYSE:LUV	0.7	8%	0.1
CN		Air China Ltd SSE:601111	0.7	6%	0.1
IN		Interglobe Aviation Ltd NSE:INDIGO	1.8	12%	0.1
SG		Singapore Airlines Ltd SGX:C6L	1	3%	0.3
CN		China Southern Airlines Co Ltd SSE:600029	0.6	5%	0.1

				Earnings Growth	PEG
ID	G	Garuda Indonesia (Persero) Tbk PT IDX:GIAA	Average P/E: 71.4 Negative Multiple: -13.7	N/A	N/A
US		Delta Air Lines Inc NYSE:DAL	8.6	6%	1.4
US		United Airlines Holdings Inc NASDAQ:UAL	9	18%	0.5
CH		Kinarus Therapeutics Holding AG SIX:KNRS	Negative Multiple: -1 404.3	N/A	N/A
UK		International Consolidated Airlines Group SA LSE:IAG	5.9	6%	1
IE	R	Ryanair Holdings PLC LSE:RYA	8	14%	0.6
US		Southwest Airlines Co NYSE:LUV	47.6	85%	0.6
CN		Air China Ltd SSE:601111	435.6	N/A	N/A
IN		Interglobe Aviation Ltd NSE:INDIGO	47.3	8%	5.9
SG		Singapore Airlines Ltd SGX:C6L	9.1	-23%	N/A
CN		China Southern Airlines Co Ltd SSE:600029	Negative Multiple: -77.2	N/A	N/A

				EBITDA Growth	EV/EBITDA to Growth
ID	G	Garuda Indonesia (Persero) Tbk PT IDX:GIAA	Average EV/EBITDA: 11.4 22.9	N/A	N/A
US		Delta Air Lines Inc NYSE:DAL	6.2	11%	0.6
US		United Airlines Holdings Inc NASDAQ:UAL	7.8	31%	0.3
CH		Kinarus Therapeutics Holding AG SIX:KNRS	Negative Multiple: -1 404.9	N/A	N/A
UK		International Consolidated Airlines Group SA LSE:IAG	2.9	5%	0.6
IE	R	Ryanair Holdings PLC LSE:RYA	4.5	10%	0.4
US		Southwest Airlines Co NYSE:LUV	11.3	39%	0.3
CN		Air China Ltd SSE:601111	Negative Multiple: -6 612	N/A	N/A
IN		Interglobe Aviation Ltd NSE:INDIGO	7.8	12%	0.7
SG		Singapore Airlines Ltd SGX:C6L	5.4	3%	1.8
CN		China Southern Airlines Co Ltd SSE:600029	34.2	103%	0.3

				EBIT Growth	EV/EBIT to Growth
ID	G	Garuda Indonesia (Persero) Tbk PT IDX:GIAA	Average EV/EBIT: 18.4 22.9	N/A	N/A
US		Delta Air Lines Inc NYSE:DAL	8.8	12%	0.7
US		United Airlines Holdings Inc NASDAQ:UAL	7.8	14%	0.6
CH		Kinarus Therapeutics Holding AG SIX:KNRS	Negative Multiple: -1 404.9	N/A	N/A
UK		International Consolidated Airlines Group SA LSE:IAG	4.4	4%	1.1
IE	R	Ryanair Holdings PLC LSE:RYA	6.8	11%	0.6
US		Southwest Airlines Co NYSE:LUV	52.3	100%	0.5
CN		Air China Ltd SSE:601111	Negative Multiple: -6 612	N/A	N/A
IN		Interglobe Aviation Ltd NSE:INDIGO	15	6%	2.5
SG		Singapore Airlines Ltd SGX:C6L	13.1	1%	13.1
CN		China Southern Airlines Co Ltd SSE:600029	34.2	32%	1.1

Garuda Indonesia (Persero) Tbk PT
IDX:GIAA

Relative Value

Valuation Multiples

Multiples Across Competitors

GIAA Competitors Multiples
Garuda Indonesia (Persero) Tbk PT Competitors

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Garuda Indonesia (Persero) Tbk PT IDX:GIAA

Relative Value

Valuation Multiples

Multiples Across Competitors

GIAA Competitors Multiples Garuda Indonesia (Persero) Tbk PT Competitors

See Also

Company

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Stocks

Garuda Indonesia (Persero) Tbk PT
IDX:GIAA

GIAA Competitors Multiples
Garuda Indonesia (Persero) Tbk PT Competitors