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PT Goto Gojek Tokopedia Tbk (ISX:GOTO) Preferred Stock : Rp0 Mil (As of Mar. 2024)


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What is PT Goto Gojek Tokopedia Tbk Preferred Stock?

Preferred stock is a special equity security that has properties of both equity and debt. PT Goto Gojek Tokopedia Tbk's preferred stock for the quarter that ended in Mar. 2024 was Rp0 Mil.

The market value of preferred stock needs to be added to the market value of common stocks in the calculation of Enterprise Value. PT Goto Gojek Tokopedia Tbk's Enterprise Value for the quarter that ended in Mar. 2024 was Rp52,123,181 Mil.

In the calculation of book value, the par value of preferred stocks needs to subtracted from total equity. PT Goto Gojek Tokopedia Tbk's Book Value per Share for the quarter that ended in Mar. 2024 was Rp35.01.

Dividends paid to preferred stocks need to be subtracted from net income in the calculation of Earnings per Share (Diluted). PT Goto Gojek Tokopedia Tbk's Earnings per Share (Diluted) for the three months ended in Mar. 2024 was Rp-0.80.


PT Goto Gojek Tokopedia Tbk Preferred Stock Historical Data

The historical data trend for PT Goto Gojek Tokopedia Tbk's Preferred Stock can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

PT Goto Gojek Tokopedia Tbk Preferred Stock Chart

PT Goto Gojek Tokopedia Tbk Annual Data
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PT Goto Gojek Tokopedia Tbk Quarterly Data
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PT Goto Gojek Tokopedia Tbk Preferred Stock Calculation

Preferred Stock is a special equity security that has properties of both equity and debt. It is generally considered a hybrid instrument. Preferred stock is senior to common stock, but is subordinate to bonds in terms of claim or rights to their share of the assets of the company.

Preferred stock has priority over common stock in the payment of dividends and any payments received when a company liquidates.

Preferred stock comes in many forms. It can be:


Convertible or Non-Convertible
Cumulative or Non-Cumulative
Voting or Non-Voting
Callable or Non-Callable
Maturity Date or No Maturity Date

A preferred stock without a maturity date is called a perpetual preferred stock. These are relatively rare. A good example of perpetual preferred stock is the many series of Public Storage (PSA) preferred shares that trade on the New York Stock Exchange.

Before investing in preferred stock, it is important to know which of the above groups the stock belongs to. Is it convertible or non-convertible? Are dividends cumulative or non-cumulative?

It is also critical that an investor knows what bonds the company has in front of the preferred stock. Bondholders get paid first. So the decision to buy a preferred stock can be similar to the decision to buy a bond. But, remember, the preferred stock of a company with bonds is junior to those bonds.

Unless a preferred stock is convertible, the upside in a preferred stock investment is more limited than in a common stock investment. If a company doubles its earnings, it is usually under no more obligation to double the dividends paid to preferred shareholders than it is to double the interest paid to its bankers and bondholders.So preferred stock is very different from common stock.


PT Goto Gojek Tokopedia Tbk  (ISX:GOTO) Preferred Stock Explanation

When a company needs capital but does not wish to issue debt, they may sell preferred stocks to investors.

For instance, during the financial crisis of 2008, Goldman Sachs (GS) issued a combination of preferred stock and common stock options for $5 billion of capital to Warren Buffett’s Berkshire Hathaway (BRK.A)(BRK.B). In this deal, Berkshire Hathaway paid $5 billion for 10% cumulative perpetual preferred stock and warrants to buy 43.5 million shares of Goldman Sachs at $115 a share. Goldman Sachs bought back the preferred in 2010. Guess how much money Warren Buffett made in this deal in two years? Read How Much Did Warren Buffett’s Berkshire Hathaway (BRK.B) Make on Its Goldman Sachs (GS) Preferred Stock?

1. The market value of Preferred Stocks needs to be added to the market value of common stocks in the calculation of enterprise value.

PT Goto Gojek Tokopedia Tbk's Enterprise Value for the quarter that ended in Mar. 2024 is calculated as

2. In the calculation of Book Value, the par value of Preferred Stocks needs to subtracted from total equity.

PT Goto Gojek Tokopedia Tbk's Book Value per Share for the quarter that ended in Mar. 2024 is calculated as

3. Dividends paid to Preferred Stocks need to be subtracted from net income in the calculation of earnings per share.

PT Goto Gojek Tokopedia Tbk's Earnings per Share (Diluted) (EPS) for the three months ended in Mar. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


PT Goto Gojek Tokopedia Tbk Preferred Stock Related Terms

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PT Goto Gojek Tokopedia Tbk (ISX:GOTO) Business Description

Traded in Other Exchanges
Address
Jalan Iskandarsyah II No. 2, Gedung Pasaraya Blok M, 6-7th Floor, Jakarta, IDN, 12160
GoTo is an Indonesian ecosystem that combines e-commerce, ride-hailing, delivery, and financial services under one app. The company operates primarily in Indonesia and is the product of a merger between Gojek and Tokopedia in May 2021. The company has 64 million active paying users and 12 million merchants as of 2022 on its platform. In 2022, on-demand accounted for 55% of revenue, e-commerce for 37%, and financial services for 8%. However, 82% of nonfinancial services gross transactional value comes from e-commerce, as it is the focal point in the ecosystem. The company competes with giants such as Sea-backed Shopee, Alibaba's Lazada, and smaller peers such as Bukalapak in e-commerce—and with Grab in the ride-hailing and delivery business.

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