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Shield on Service

IDX:SOSS
Snowflake Description

Solid track record with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SOSS
IDX
IDR276B
Market Cap
  1. Home
  2. ID
  3. Commercial Services
Company description

PT Shield on Service Tbk, together with its subsidiaries, provides outsourcing services in Indonesia. The last earnings update was 150 days ago. More info.


Add to Portfolio Compare Print
  • Shield on Service has significant price volatility in the past 3 months.
SOSS Share Price and Events
7 Day Returns
8.2%
IDX:SOSS
4.2%
ID Commercial Services
6.7%
ID Market
1 Year Returns
-17.6%
IDX:SOSS
-25%
ID Commercial Services
-31.6%
ID Market
SOSS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Shield on Service (SOSS) 8.2% -5% -2.3% -17.6% - -
ID Commercial Services 4.2% -15.5% -25% -25% -31.4% -24.8%
ID Market 6.7% -21.7% -30.1% -31.6% -22.8% -19.1%
1 Year Return vs Industry and Market
  • SOSS outperformed the Commercial Services industry which returned -25% over the past year.
  • SOSS outperformed the Market in Indonesia which returned -31.6% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is Shield on Service undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Shield on Service. This is due to cash flow or dividend data being unavailable. The share price is IDR420.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Shield on Service's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Shield on Service's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
IDX:SOSS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in IDR IDR35.96
IDX:SOSS Share Price ** IDX (2020-03-27) in IDR IDR420
Indonesia Commercial Services Industry PE Ratio Median Figure of 6 Publicly-Listed Commercial Services Companies 9.78x
Indonesia Market PE Ratio Median Figure of 465 Publicly-Listed Companies 10.93x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Shield on Service.

IDX:SOSS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= IDX:SOSS Share Price ÷ EPS (both in IDR)

= 420 ÷ 35.96

11.68x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Shield on Service is overvalued based on earnings compared to the ID Commercial Services industry average.
  • Shield on Service is overvalued based on earnings compared to the Indonesia market.
Price based on expected Growth
Does Shield on Service's expected growth come at a high price?
Raw Data
IDX:SOSS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.68x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Commercial Services Industry PEG Ratio Median Figure of 80 Publicly-Listed Commercial Services Companies 1.2x
Indonesia Market PEG Ratio Median Figure of 102 Publicly-Listed Companies 0.78x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Shield on Service, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Shield on Service's assets?
Raw Data
IDX:SOSS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in IDR IDR168.68
IDX:SOSS Share Price * IDX (2020-03-27) in IDR IDR420
Indonesia Commercial Services Industry PB Ratio Median Figure of 7 Publicly-Listed Commercial Services Companies 0.78x
Indonesia Market PB Ratio Median Figure of 623 Publicly-Listed Companies 0.8x
IDX:SOSS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= IDX:SOSS Share Price ÷ Book Value per Share (both in IDR)

= 420 ÷ 168.68

2.49x

* Primary Listing of Shield on Service.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Shield on Service is overvalued based on assets compared to the ID Commercial Services industry average.
X
Value checks
We assess Shield on Service's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. Shield on Service has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Shield on Service expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Shield on Service has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
17.8%
Expected Commercial Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Shield on Service expected to grow at an attractive rate?
  • Unable to compare Shield on Service's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Shield on Service's earnings growth to the Indonesia market average as no estimate data is available.
  • Unable to compare Shield on Service's revenue growth to the Indonesia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
IDX:SOSS Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 17.8%
Asia Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 12.3%
Indonesia Market Earnings Growth Rate Market Cap Weighted Average 11.2%
Indonesia Market Revenue Growth Rate Market Cap Weighted Average 9.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
IDX:SOSS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in IDR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
IDX:SOSS Past Financials Data
Date (Data in IDR Millions) Revenue Cash Flow Net Income *
2019-09-30 1,240,636 -44,491 19,765
2019-06-30 1,091,941 -60,031 19,688
2019-03-31 948,494 7,328 12,479
2018-12-31 896,972 -27,239 12,621
2017-12-31 911,092 27,706 4,199
2016-12-31 596,735 16,537 744

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Shield on Service is high growth as no earnings estimate data is available.
  • Unable to determine if Shield on Service is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
IDX:SOSS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Shield on Service Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

IDX:SOSS Past Financials Data
Date (Data in IDR Millions) EPS *
2019-09-30 35.96
2019-06-30 26.71
2019-03-31 19.20
2018-12-31 28.87
2017-12-31 18.61
2016-12-31 67.63

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Shield on Service will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Check out Shield on Service's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
  2. Shield on Service's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Commercial Services companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Shield on Service's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Shield on Service has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Shield on Service performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Shield on Service's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Shield on Service has delivered over 20% year on year earnings growth in the past 5 years.
  • Shield on Service's 1-year earnings growth exceeds its 5-year average (88.3% vs 48.5%)
  • Shield on Service's earnings growth has exceeded the ID Commercial Services industry average in the past year (88.3% vs 18.8%).
Earnings and Revenue History
Shield on Service's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Shield on Service Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

IDX:SOSS Past Revenue, Cash Flow and Net Income Data
Date (Data in IDR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 1,240,636.00 19,764.59 85,145.76
2019-06-30 1,091,940.56 19,687.80 83,510.93
2019-03-31 948,494.13 12,479.27 80,805.93
2018-12-31 896,972.33 12,620.86 79,646.77
2017-12-31 911,091.95 4,199.23 86,486.94
2016-12-31 596,734.98 743.94 73,531.04
2015-12-31 574,939.34 2,858.91 83,876.03

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Shield on Service has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Shield on Service used its assets more efficiently than the ID Commercial Services industry average last year based on Return on Assets.
  • Shield on Service has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Shield on Service's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Shield on Service has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Shield on Service's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Shield on Service's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Shield on Service is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Shield on Service's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Shield on Service's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 3.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Shield on Service Company Filings, last reported 5 months ago.

IDX:SOSS Past Debt and Equity Data
Date (Data in IDR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 123,712.91 81,817.64 36,817.42
2019-06-30 114,384.29 98,518.07 39,244.13
2019-03-31 101,390.05 65,154.26 42,708.06
2018-12-31 96,960.82 68,667.64 36,419.02
2017-12-31 47,161.54 108,080.79 40,212.13
2016-12-31 25,536.88 94,592.39 27,537.90
2015-12-31 38,267.62 99,324.34 19,715.90
  • Shield on Service's level of debt (66.1%) compared to net worth is high (greater than 40%).
  • Unable to establish if Shield on Service's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 4.5x coverage).
X
Financial health checks
We assess Shield on Service's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Shield on Service has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Shield on Service's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Shield on Service dividends.
If you bought IDR2,000 of Shield on Service shares you are expected to receive IDR0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Shield on Service's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Shield on Service's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
IDX:SOSS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Indonesia Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 9%
Indonesia Market Average Dividend Yield Market Cap Weighted Average of 183 Stocks 4.2%
Indonesia Minimum Threshold Dividend Yield 10th Percentile 0.9%
Indonesia Bottom 25% Dividend Yield 25th Percentile 1.9%
Indonesia Top 25% Dividend Yield 75th Percentile 8.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Shield on Service has not reported any payouts.
  • Unable to verify if Shield on Service's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Shield on Service's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Shield on Service has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Shield on Service's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Shield on Service afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Shield on Service has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Shield on Service's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Herman Julianto
AGE 68
CEO Bio

Mr. Herman Julianto is a President Director at PT Shield on Service Tbk.

CEO Compensation
  • Insufficient data for Herman to compare compensation growth.
  • Insufficient data for Herman to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team

Herman Julianto

TITLE
President Director
AGE
68

Vanni Abundan

TITLE
Corporate Secretary
Board of Directors Tenure

Average tenure and age of the Shield on Service board of directors in years:

13.2
Average Tenure
52
Average Age
  • The average tenure for the Shield on Service board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Herman Julianto

TITLE
President Director
AGE
68

Robby Yulianto

TITLE
President Commissioner
AGE
37
TENURE
13.2 yrs

Prasetyo Wibowo

TITLE
Director
AGE
48

Justinus Sutanto

TITLE
Independent Director
AGE
52

Lily Pribadi

TITLE
Commissioner
AGE
59
TENURE
15.3 yrs

Supratman Gunawan

TITLE
Independent Commissioner
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (IDR) Value (IDR)
X
Management checks
We assess Shield on Service's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Shield on Service has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

PT Shield on Service Tbk, together with its subsidiaries, provides outsourcing services in Indonesia. It operates through Security Services, Cleaning Services, Human Resource Provider, Parking Services, and Others divisions. The company offers security services, such as security management and guarding, security consultancy, corporate and personnel review, and security personnel training services; and cleaning and maintenance services, including daily, full-package, special, and mobile cleaning, as well as landscape/garden maintenance services. It also provides human resource solutions that include talent development, recruitment assessment, and compensation and benefit services; and parking management services comprising parking, valet, car park management, traffic design consultancy, and parking equipment maintenance services. The company was founded in 2004 and is headquartered in Jakarta Pusat, Indonesia.

Details
Name: PT Shield on Service Tbk
SOSS
Exchange: IDX
Founded: 2004
IDR275,509,292,100
655,974,505
Website: http://www.sos.co.id
Address: PT Shield on Service Tbk
Graha Dinamika,
Lantai 3,
Jakarta Pusat,
Jakarta Raya, 10160,
Indonesia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
IDX SOSS Share Capital Indonesia Stock Exchange ID IDR 06. Nov 2018
Number of employees
Current staff
Staff numbers
0
Shield on Service employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/28 17:24
End of day share price update: 2020/03/27 00:00
Last earnings filing: 2019/10/30
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.