Turnaround and Valuation of PT Humpuss Intermoda Transportasi Tbk

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Nadhila, Adlina and Jati, Bintang Kusumo and Ihsani, Giant Bill (2014) Turnaround and Valuation of PT Humpuss Intermoda Transportasi Tbk. Project Report. Sekolah Tinggi Manajemen IPMI, Jakarta Selatan. (Unpublished)

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Abstract

PT Humpus Intermoda Transportasi Tbk. (here in after referred to as HITS) and subsidiaries, is engaged in sea transportation business for the transportation of LNG, oil, chemical, coal, container, ship agency services and crewing management services in Indonesia. Business activities of sea transport services carried out by HITS and subsidiaries include vessel rental on the basis of “time charter” and “spot charter.” HITS has two local subsidiaries. PT Humpuss Transportasi Curah (referred to as PT HTC) and PT Humpuss Transportasi Kimia (referred to as PT HTK), both in Jakarta. Our Group Field Project (GFP) identified the company turnaround by analyzing the shipping industry in global economic scope, Porter’s five forces, SWOT, financial ratio, turnaround management, hard and soft skill management. Based on our analysis (Porter’s five forces, Industry and SWOT) we conclude that Cabotage Law has a significant impact to the company, especially for the protection, safeguard and support of national security in LNG industry, the competition is considered low among competitor. The company is still a big player in market because of the high opportunity in LNG market and Indonesian shipping industry is protected by Cabotage Law. HITS liquidity ratio is lower than the average industry because the company liabilities is so high due to the legal dispute. Its profitability ratio is lower than average industry due to low revenue from the crisis in 2008. Its solvency ratio is lower than industry average due to high debt from the legal dispute and its assets was being return to its owner. The company’s efficiency ratio is higher than the average industry. Overall financial ratio of company is lower than average industry. The company turnaround is being achieved by solving the problems by restructuring the operation, business, and legal. During the turn around, the company had been trying to improve cashflow, profit and income, and to perform other initiatives, such as, solving internal problem regarding rightsizing the organization and implementing management change. Furthermore, the company has a plans to grab future opportunities.

Item Type: Monograph (Project Report)
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HE Transportation and Communications
Divisions: Library > GFP (Group Field Project)
Depositing User: Putri Lumithasari
Date Deposited: 24 Jan 2020 07:03
Last Modified: 24 Jan 2020 07:03
URI: http://repository.ipmi.ac.id/id/eprint/602

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