PP (Persero)（PTPP）株式概要PT PP (Persero) Tbk はインドネシアで建設・投資会社として営業している。 詳細PTPP ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績0/6財務の健全性1/6配当金0/6リスク分析過去5年間で収益は年間76.7%減少しました。 負債は営業キャッシュフローで十分にカバーされていない 意味のある時価総額がありません ( IDR1,324B )すべてのリスクチェックを見るPTPP Community Fair Values Create NarrativeSee what 7 others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueRpCurrent PriceRp214.0074.1% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-6t26t2016201920222025202620282031Revenue Rp16.2tEarnings Rp884.3bAdvancedSet Fair ValueView all narrativesPT PP (Persero) Tbk 競合他社Jaya Konstruksi Manggala PratamaSymbol: IDX:JKONMarket cap: Rp1.2tAdhi Karya (Persero)Symbol: IDX:ADHIMarket cap: Rp1.5tPP PresisiSymbol: IDX:PPREMarket cap: Rp1.1tNusa Raya CiptaSymbol: IDX:NRCAMarket cap: Rp1.2t価格と性能株価の高値、安値、推移の概要PP (Persero)過去の株価現在の株価Rp214.0052週高値Rp500.0052週安値Rp204.00ベータ0.261ヶ月の変化-18.32%3ヶ月変化-38.86%1年変化-49.77%3年間の変化-58.04%5年間の変化-80.46%IPOからの変化-63.10%最新ニュースReported Earnings • May 05First quarter 2026 earnings released: EPS: Rp8.00 (vs Rp9.60 in 1Q 2025)First quarter 2026 results: EPS: Rp8.00 (down from Rp9.60 in 1Q 2025). Revenue: Rp2.83t (down 19% from 1Q 2025). Net income: Rp50.5b (down 15% from 1Q 2025). Profit margin: 1.8% (in line with 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance.New Risk • Apr 06New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: Rp1.55t (US$91.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.4% operating cash flow to total debt). Earnings have declined by 49% per year over the past 5 years. Minor Risk Market cap is less than US$100m (Rp1.55t market cap, or US$91.2m).Reported Earnings • Apr 04Full year 2025 earnings releasedFull year 2025 results: Revenue: Rp16t (down 18% from FY 2024). Net loss: Rp6.08t (down Rp6.49t from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.New Risk • Apr 04New major risk - Revenue and earnings growthEarnings have declined by 49% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.4% operating cash flow to total debt). Earnings have declined by 49% per year over the past 5 years.Valuation Update With 7 Day Price Move • Dec 29Investor sentiment improves as stock rises 17%After last week's 17% share price gain to Rp418, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 22x in the Construction industry in Indonesia. Total loss to shareholders of 42% over the past three years.Reported Earnings • Oct 26Third quarter 2025 earnings released: Rp9.65 loss per share (vs Rp19.45 profit in 3Q 2024)Third quarter 2025 results: Rp9.65 loss per share (down from Rp19.45 profit in 3Q 2024). Revenue: Rp4.03t (down 23% from 3Q 2024). Net loss: Rp59.7b (down 150% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.最新情報をもっと見るRecent updatesReported Earnings • May 05First quarter 2026 earnings released: EPS: Rp8.00 (vs Rp9.60 in 1Q 2025)First quarter 2026 results: EPS: Rp8.00 (down from Rp9.60 in 1Q 2025). Revenue: Rp2.83t (down 19% from 1Q 2025). Net income: Rp50.5b (down 15% from 1Q 2025). Profit margin: 1.8% (in line with 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance.New Risk • Apr 06New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: Rp1.55t (US$91.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.4% operating cash flow to total debt). Earnings have declined by 49% per year over the past 5 years. Minor Risk Market cap is less than US$100m (Rp1.55t market cap, or US$91.2m).Reported Earnings • Apr 04Full year 2025 earnings releasedFull year 2025 results: Revenue: Rp16t (down 18% from FY 2024). Net loss: Rp6.08t (down Rp6.49t from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.New Risk • Apr 04New major risk - Revenue and earnings growthEarnings have declined by 49% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.4% operating cash flow to total debt). Earnings have declined by 49% per year over the past 5 years.Valuation Update With 7 Day Price Move • Dec 29Investor sentiment improves as stock rises 17%After last week's 17% share price gain to Rp418, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 22x in the Construction industry in Indonesia. Total loss to shareholders of 42% over the past three years.Reported Earnings • Oct 26Third quarter 2025 earnings released: Rp9.65 loss per share (vs Rp19.45 profit in 3Q 2024)Third quarter 2025 results: Rp9.65 loss per share (down from Rp19.45 profit in 3Q 2024). Revenue: Rp4.03t (down 23% from 3Q 2024). Net loss: Rp59.7b (down 150% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.Board Change • Oct 24No independent directorsThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 5 new directors. 6 experienced directors. 1 highly experienced director. No independent directors (6 non-independent directors). Director of Finance & Risk Management and Director Agus Purbianto is the most experienced director on the board, commencing their role in 2016. Independent Commisioner Pundjung Brata was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors.お知らせ • Mar 25PT PP (Persero) Tbk, Annual General Meeting, Apr 30, 2025PT PP (Persero) Tbk, Annual General Meeting, Apr 30, 2025. Location: jakarta IndonesiaNew Risk • Oct 30New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 126% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.3x net interest cover). Earnings are forecast to decline by an average of 37% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Aug 14Investor sentiment improves as stock rises 26%After last week's 26% share price gain to Rp466, the stock trades at a trailing P/E ratio of 5.4x. Average forward P/E is 12x in the Construction industry in Indonesia. Total loss to shareholders of 46% over the past three years.New Risk • Jul 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indonesian stocks, typically moving 9.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.5x net interest cover). Earnings are forecast to decline by an average of 30% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Jul 05Investor sentiment improves as stock rises 16%After last week's 16% share price gain to Rp332, the stock trades at a trailing P/E ratio of 3.8x. Average forward P/E is 13x in the Construction industry in Indonesia. Total loss to shareholders of 61% over the past three years.Valuation Update With 7 Day Price Move • Jun 19Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to Rp278, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 13x in the Construction industry in Asia. Total loss to shareholders of 71% over the past three years.New Risk • Mar 06New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 12% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.8x net interest cover). Earnings are forecast to decline by an average of 12% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Large one-off items impacting financial results.Reported Earnings • Mar 06Full year 2023 earnings: Revenues miss analyst expectationsFull year 2023 results: Revenue: Rp20t (up 5.7% from FY 2022). Net income: Rp481.4b (up 77% from FY 2022). Profit margin: 2.4% (up from 1.4% in FY 2022). Revenue missed analyst estimates by 2.8%. Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Construction industry in Indonesia.Valuation Update With 7 Day Price Move • Feb 16Investor sentiment improves as stock rises 37%After last week's 37% share price gain to Rp560, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Construction industry in Asia. Total loss to shareholders of 66% over the past three years.Reported Earnings • Nov 03Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: Rp4.18t (down 5.8% from 3Q 2022). Net income: Rp143.3b (up 165% from 3Q 2022). Profit margin: 3.4% (up from 1.2% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Construction industry in Indonesia.Valuation Update With 7 Day Price Move • Oct 28Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to Rp590, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Construction industry in Asia. Total loss to shareholders of 36% over the past three years.Valuation Update With 7 Day Price Move • Sep 08Investor sentiment improves as stock rises 24%After last week's 24% share price gain to Rp725, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Construction industry in Asia. Total loss to shareholders of 14% over the past three years.Reported Earnings • Aug 06Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: Rp3.68t (down 22% from 2Q 2022). Net income: Rp62.2b (up 5.8% from 2Q 2022). Profit margin: 1.7% (up from 1.2% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Construction industry in Indonesia.Major Estimate Revision • Jun 23Consensus EPS estimates fall by 23%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from Rp21.4b to Rp21.1b. EPS estimate also fell from Rp84.37 per share to Rp64.69 per share. Net income forecast to grow 35% next year vs 23% growth forecast for Construction industry in Indonesia. Consensus price target down from Rp880 to Rp785. Share price was steady at Rp590 over the past week.Valuation Update With 7 Day Price Move • May 08Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to Rp550, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 11x in the Construction industry in Asia. Total loss to shareholders of 16% over the past three years.Price Target Changed • Apr 19Price target decreased by 8.0% to Rp1,084Down from Rp1,178, the current price target is an average from 8 analysts. New target price is 85% above last closing price of Rp585. Stock is down 36% over the past year. The company is forecast to post earnings per share of Rp112 for next year compared to Rp43.93 last year.Major Estimate Revision • Mar 27Consensus EPS estimates increase by 40%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from Rp80.50 to Rp112. Revenue forecast steady at Rp22.1b. Net income forecast to grow 156% next year vs 26% growth forecast for Construction industry in Indonesia. Consensus price target of Rp1,178 unchanged from last update. Share price fell 2.6% to Rp565 over the past week.Reported Earnings • Mar 09Full year 2022 earnings: Revenues miss analyst expectationsFull year 2022 results: Revenue: Rp19t (up 13% from FY 2021). Net income: Rp271.7b (up 2.2% from FY 2021). Profit margin: 1.4% (down from 1.6% in FY 2021). Revenue missed analyst estimates by 2.2%. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Construction industry in Indonesia.Price Target Changed • Dec 16Price target decreased to Rp1,172Down from Rp1,274, the current price target is an average from 8 analysts. New target price is 58% above last closing price of Rp740. Stock is down 27% over the past year. The company is forecast to post earnings per share of Rp55.12 for next year compared to Rp43.00 last year.Board Change • Nov 16No independent directorsThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Independent President Commissioner Andi Gani Wea is the most experienced director on the board, commencing their role in 2015. Independent Commissioner Nur Rochmad was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors.Major Estimate Revision • Oct 28Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from Rp62.81 to Rp55.40. Revenue forecast unchanged from Rp19.1b at last update. Net income forecast to grow 62% next year vs 62% growth forecast for Construction industry in Indonesia. Consensus price target broadly unchanged at Rp1,311. Share price rose 3.5% to Rp895 over the past week.Major Estimate Revision • Oct 15Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from Rp20.2b to Rp19.0b. EPS estimate also fell from Rp70.92 per share to Rp62.81 per share. Net income forecast to grow 64% next year vs 84% growth forecast for Construction industry in Indonesia. Consensus price target broadly unchanged at Rp1,327. Share price fell 2.2% to Rp890 over the past week.Board Change • Apr 27No independent directorsThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Independent President Commissioner Andi Gani Wea is the most experienced director on the board, commencing their role in 2015. Independent Commissioner Nur Rochmad was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors.お知らせ • Apr 19PT PP (Persero) Tbk Ordinary Shares to Be Deleted from Other OTCPT PP (Persero) Tbk Ordinary Shares (Indonesia) will be deleted from Other OTC effective from April 19, 2022, due to Inactive Security.Reported Earnings • Mar 17Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: Rp43.00 (up from Rp26.52 in FY 2020). Revenue: Rp17t (up 5.9% from FY 2020). Net income: Rp266.0b (up 62% from FY 2020). Profit margin: 1.6% (up from 1.0% in FY 2020). Revenue missed analyst estimates by 9.5%. Earnings per share (EPS) also missed analyst estimates by 25%. Over the next year, revenue is forecast to grow 18%, compared to a 46% growth forecast for the industry in Indonesia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance.Major Estimate Revision • Mar 16Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from Rp87.65 to Rp61.93. Revenue forecast unchanged from Rp19.7b at last update. Net income forecast to grow 73% next year vs 18% growth forecast for Construction industry in Indonesia. Consensus price target of Rp1,411 unchanged from last update. Share price was steady at Rp1,000 over the past week.Valuation Update With 7 Day Price Move • Mar 11Investor sentiment improved over the past weekAfter last week's 19% share price gain to Rp1,090, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 10x in the Construction industry in Asia. Total loss to shareholders of 44% over the past three years.Valuation Update With 7 Day Price Move • Dec 01Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to Rp1,090, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Construction industry in Asia. Total loss to shareholders of 38% over the past three years.Valuation Update With 7 Day Price Move • Sep 07Investor sentiment improved over the past weekAfter last week's 20% share price gain to Rp1,035, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Construction industry in Asia. Total loss to shareholders of 32% over the past three years.Price Target Changed • Sep 06Price target decreased to Rp1,448Down from Rp1,607, the current price target is an average from 13 analysts. New target price is 57% above last closing price of Rp920. Stock is down 2.1% over the past year.Price Target Changed • Jun 19Price target decreased to Rp1,777Down from Rp1,940, the current price target is an average from 14 analysts. New target price is 83% above last closing price of Rp970. Stock is up 13% over the past year.Reported Earnings • Jun 13First quarter 2021 earnings released: EPS Rp6.19 (vs Rp3.51 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: Rp2.84t (down 17% from 1Q 2020). Net income: Rp38.3b (up 76% from 1Q 2020). Profit margin: 1.3% (up from 0.6% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.Major Estimate Revision • Mar 23Consensus EPS estimates fall to Rp76.66The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from Rp21.2b to Rp20.0b. EPS estimate also fell from Rp98.42 to Rp76.66. Net income forecast to grow 263% next year vs 28% growth forecast for Construction industry in Indonesia. Consensus price target up from Rp1,928 to Rp2,042. Share price was steady at Rp1,585 over the past week.Price Target Changed • Mar 22Price target increased to Rp2,042Up from Rp1,877, the current price target is an average from 14 analysts. New target price is 27% above last closing price of Rp1,610. Stock is up 210% over the past year.Reported Earnings • Mar 19Full year 2020 earnings released: EPS Rp20.77 (vs Rp132 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: Rp16t (down 33% from FY 2019). Net income: Rp128.8b (down 84% from FY 2019). Profit margin: 0.8% (down from 3.5% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.Price Target Changed • Mar 09Price target raised to Rp1,877Up from Rp1,723, the current price target is an average from 15 analysts. The new target price is 22% above the current share price of Rp1,540. As of last close, the stock is up 57% over the past year.お知らせ • Mar 06Kings Ring Limited agreed to acquire 15% equity interest in PT Jasa Marga Kualanamu Tol from PT PP (Persero) Tbk (IDX:PTPP) for approximately IDR 410 billion.Kings Ring Limited agreed to acquire 15% equity interest in PT Jasa Marga Kualanamu Tol from PT PP (Persero) Tbk (IDX:PTPP) for approximately IDR 410 billion on March 5, 2021. Kings Ring shall pay IDR 325 billion at the time of closing and IDR 87 billion at the date on which PT Jasa Marga Kualanamu Tol achieves a cumulative tariff adjustment of 6% or more and (b) 30 June 2022, whichever is earlier. Post completion of the acquisition, the board of directors of PT Jasa Marga Kualanamu Tol shall consist of three directors, of which Kings Ring shall be entitled to nominate one director, and Kings Ring will have the veto right to certain reserved matters of the PT Jasa Marga Kualanamu Tol. PT Jasa Marga Kualanamu Tol reported net loss after tax to be IDR 74.8 billion and net assets to be IDR 1068 billion for the year ended December 31, 2020.The completion of the agreement is subject to (i) all representations and warranties of the respective Vendor and Kings Ring as listed in the relevant Conditional Sale and Purchase Agreement being true, (ii) approval of creditors of the target company in respect of the acquisition under certain loan facility agreements, (iii) the seller obtaining approval from its board of commissioners in respect of the acquisition and others.Is New 90 Day High Low • Mar 06New 90-day low: Rp1,535The company is down 4.0% from its price of Rp1,600 on 04 December 2020. The Indonesian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp3,710 per share.Valuation Update With 7 Day Price Move • Jan 29Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to Rp1,635, the stock is trading at a trailing P/E ratio of 23.2x, down from the previous P/E ratio of 27.6x. This compares to an average P/E of 17x in the Construction industry in Indonesia. Total return to shareholders over the past three years is a loss of 44%.Price Target Changed • Jan 13Price target raised to Rp1,723Up from Rp1,570, the current price target is an average from 17 analysts. The new target price is 17% below the current share price of Rp2,080. As of last close, the stock is up 28% over the past year.Major Estimate Revision • Jan 11Analysts update estimatesThe 2020 consensus earning per share (EPS) estimate was lowered from Rp23.33 to Rp20.83. No change was made to the revenue estimate which at the last update was Rp16.7b. Net income is expected to grow by 17% next year compared to 18% growth forecast for the Construction industry in Indonesia. The consensus price target increased from Rp1,570 to Rp1,642. Share price is up 11% to Rp2,100 over the past week.Is New 90 Day High Low • Jan 07New 90-day high: Rp2,070The company is up 131% from its price of Rp895 on 09 October 2020. The Indonesian market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 75% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp4,677 per share.Price Target Changed • Dec 31Price target raised to Rp1,570Up from Rp1,450, the current price target is an average from 18 analysts. The new target price is 16% below the current share price of Rp1,865. As of last close, the stock is up 16% over the past year.Valuation Update With 7 Day Price Move • Dec 21Investor sentiment improved over the past weekAfter last week's 22% share price gain to Rp1,920, the stock is trading at a trailing P/E ratio of 27.2x, up from the previous P/E ratio of 22.4x. This compares to an average P/E of 18x in the Construction industry in Indonesia. Total return to shareholders over the past three years is a loss of 19%.Is New 90 Day High Low • Dec 17New 90-day high: Rp1,705The company is up 104% from its price of Rp835 on 18 September 2020. The Indonesian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 53% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp3,809 per share.Valuation Update With 7 Day Price Move • Dec 07Market bids up stock over the past weekAfter last week's 18% share price gain to Rp1,600, the stock is trading at a trailing P/E ratio of 22.7x, up from the previous P/E ratio of 19.3x. This compares to an average P/E of 18x in the Construction industry in Indonesia. Total return to shareholders over the past three years is a loss of 27%.Price Target Changed • Dec 04Price target raised to Rp1,236Up from Rp1,115, the current price target is an average from 18 analysts. The new target price is 23% below the current share price of Rp1,595. As of last close, the stock is up 1.3% over the past year.Valuation Update With 7 Day Price Move • Dec 03Market bids up stock over the past weekAfter last week's 15% share price gain to Rp1,520, the stock is trading at a trailing P/E ratio of 21.5x, up from the previous P/E ratio of 18.7x. This compares to an average P/E of 18x in the Construction industry in Indonesia. Total return to shareholders over the past three years is a loss of 32%.Valuation Update With 7 Day Price Move • Nov 28Market bids up stock over the past weekAfter last week's 22% share price gain to Rp1,400, the stock is trading at a trailing P/E ratio of 19.8x, up from the previous P/E ratio of 16.3x. This compares to an average P/E of 19x in the Construction industry in Indonesia. Total return to shareholders over the past three years is a loss of 41%.Valuation Update With 7 Day Price Move • Nov 19Market bids up stock over the past weekAfter last week's 16% share price gain to Rp1,150, the stock is trading at a trailing P/E ratio of 16.3x, up from the previous P/E ratio of 14.1x. This compares to an average P/E of 16x in the Construction industry in Indonesia. Total return to shareholders over the past three years is a loss of 54%.Is New 90 Day High Low • Nov 16New 90-day high: Rp1,100The company is up 8.0% from its price of Rp1,020 on 18 August 2020. The Indonesian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Construction industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp231 per share.Major Estimate Revision • Nov 06Analysts increase EPS estimates to Rp53.53The 2020 consensus revenue estimate increased from Rp17.1b to Rp18.2b. The earnings per share estimate also received an upgrade from Rp43.77 to Rp53.53 for the same period. Net income is expected to grow by 39% next year compared to 12% growth forecast for the Construction industry in Indonesia. The consensus price target increased from Rp1,114 to Rp1,119. Share price stayed mostly flat at Rp920 over the past week.Reported Earnings • Oct 31Third quarter earnings releasedOver the last 12 months the company has reported total profits of Rp431.9b, down 62% from the prior year. Total revenue was Rp19t over the last 12 months, down 29% from the prior year.Analyst Estimate Surprise Post Earnings • Oct 31Third-quarter earnings released: Earnings miss expectationsEarnings per share (EPS) missed analyst estimates by 86% at Rp1.00. Revenue is forecast to grow 13% over the next year, compared to a 14% growth forecast for the Construction industry in Indonesia.株主還元PTPPID ConstructionID 市場7D-10.8%-10.7%-10.2%1Y-49.8%24.4%-19.2%株主還元を見る業界別リターン: PTPP過去 1 年間で24.4 % の収益を上げたID Construction業界を下回りました。リターン対市場: PTPPは、過去 1 年間で-19.2 % のリターンを上げたID市場を下回りました。価格変動Is PTPP's price volatile compared to industry and market?PTPP volatilityPTPP Average Weekly Movement6.7%Construction Industry Average Movement9.3%Market Average Movement8.0%10% most volatile stocks in ID Market15.4%10% least volatile stocks in ID Market3.9%安定した株価: PTPP 、 ID市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: PTPPの 週次ボラティリティ ( 7% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19531,766Novel Arsyadwww.ptpp.co.idPT PP (Persero) Tbk はインドネシアで建設・投資会社として活動している。同社は、排水・灌漑ネットワーク、水中建築物、堰、ダム、トンネル、浄水、道路、滑走路橋、地上掘削場所、道路・鉄道橋、MRT、桟橋または港湾、波浪、地上バリア、空港、配管、地上交通ステーション、通信ビル施設の建設、その他の土木建築物などの土木工事を提供している。また、埋立・浚渫、田植え・整地、電力支援、造園、掘削、杭工事、生産設備メンテナンスサービス、各種ビル・プラント建設・据付サービスも提供している。また、送電、冷房設備・換気発電、石油・ガス製品貯蔵、情報技術、その他コンピューター・サービス、建売住宅地、住宅調達、住宅地管理、施設・インフラ地域の開発、ホスピタリティ、キャンプ場、キャラバン停留所、観光ロッジ、宿泊施設などを提供している。不動産物件の所有・運営、建設・土木・建築・給排水・医療ガス・電気機械工事、通信無線・計装、農業関連サービス、修理・コンサルタントサービスなどを手掛ける。また、建設工事原価の測定・算定・決定、経営コンサルティング、プロジェクト管理建設、産業エンジニアリング、企画・調達、代理店業、輸出入業務、遠征・陸上輸送、一般貿易、情報・観光サービス、建設機械のレンタル、ビル管理、給水・採掘・システム開発サービス、廃棄物管理・リサイクルサービスを提供している。同社は1953年に設立され、インドネシアのジャカルタに本社を置いている。もっと見るPT PP (Persero) Tbk 基礎のまとめPP (Persero) の収益と売上を時価総額と比較するとどうか。PTPP 基礎統計学時価総額Rp1.32t収益（TTM）-Rp6.08t売上高(TTM)Rp15.60t0.1xP/Sレシオ-0.2xPER（株価収益率PTPP は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計PTPP 損益計算書（TTM）収益Rp15.60t売上原価Rp18.74t売上総利益-Rp3.14tその他の費用Rp2.94t収益-Rp6.08t直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）-983.64グロス・マージン-20.16%純利益率-39.01%有利子負債／自己資本比率440.6%PTPP の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 12:11終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋PT PP (Persero) Tbk 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。19 アナリスト機関Nathan GeeBofA Global ResearchUraiwan TantisuwannakulCGS InternationalAurelia BarusCGS International16 その他のアナリストを表示
Reported Earnings • May 05First quarter 2026 earnings released: EPS: Rp8.00 (vs Rp9.60 in 1Q 2025)First quarter 2026 results: EPS: Rp8.00 (down from Rp9.60 in 1Q 2025). Revenue: Rp2.83t (down 19% from 1Q 2025). Net income: Rp50.5b (down 15% from 1Q 2025). Profit margin: 1.8% (in line with 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance.
New Risk • Apr 06New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: Rp1.55t (US$91.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.4% operating cash flow to total debt). Earnings have declined by 49% per year over the past 5 years. Minor Risk Market cap is less than US$100m (Rp1.55t market cap, or US$91.2m).
Reported Earnings • Apr 04Full year 2025 earnings releasedFull year 2025 results: Revenue: Rp16t (down 18% from FY 2024). Net loss: Rp6.08t (down Rp6.49t from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.
New Risk • Apr 04New major risk - Revenue and earnings growthEarnings have declined by 49% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.4% operating cash flow to total debt). Earnings have declined by 49% per year over the past 5 years.
Valuation Update With 7 Day Price Move • Dec 29Investor sentiment improves as stock rises 17%After last week's 17% share price gain to Rp418, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 22x in the Construction industry in Indonesia. Total loss to shareholders of 42% over the past three years.
Reported Earnings • Oct 26Third quarter 2025 earnings released: Rp9.65 loss per share (vs Rp19.45 profit in 3Q 2024)Third quarter 2025 results: Rp9.65 loss per share (down from Rp19.45 profit in 3Q 2024). Revenue: Rp4.03t (down 23% from 3Q 2024). Net loss: Rp59.7b (down 150% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.
Reported Earnings • May 05First quarter 2026 earnings released: EPS: Rp8.00 (vs Rp9.60 in 1Q 2025)First quarter 2026 results: EPS: Rp8.00 (down from Rp9.60 in 1Q 2025). Revenue: Rp2.83t (down 19% from 1Q 2025). Net income: Rp50.5b (down 15% from 1Q 2025). Profit margin: 1.8% (in line with 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance.
New Risk • Apr 06New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: Rp1.55t (US$91.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.4% operating cash flow to total debt). Earnings have declined by 49% per year over the past 5 years. Minor Risk Market cap is less than US$100m (Rp1.55t market cap, or US$91.2m).
Reported Earnings • Apr 04Full year 2025 earnings releasedFull year 2025 results: Revenue: Rp16t (down 18% from FY 2024). Net loss: Rp6.08t (down Rp6.49t from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.
New Risk • Apr 04New major risk - Revenue and earnings growthEarnings have declined by 49% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.4% operating cash flow to total debt). Earnings have declined by 49% per year over the past 5 years.
Valuation Update With 7 Day Price Move • Dec 29Investor sentiment improves as stock rises 17%After last week's 17% share price gain to Rp418, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 22x in the Construction industry in Indonesia. Total loss to shareholders of 42% over the past three years.
Reported Earnings • Oct 26Third quarter 2025 earnings released: Rp9.65 loss per share (vs Rp19.45 profit in 3Q 2024)Third quarter 2025 results: Rp9.65 loss per share (down from Rp19.45 profit in 3Q 2024). Revenue: Rp4.03t (down 23% from 3Q 2024). Net loss: Rp59.7b (down 150% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.
Board Change • Oct 24No independent directorsThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 5 new directors. 6 experienced directors. 1 highly experienced director. No independent directors (6 non-independent directors). Director of Finance & Risk Management and Director Agus Purbianto is the most experienced director on the board, commencing their role in 2016. Independent Commisioner Pundjung Brata was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors.
お知らせ • Mar 25PT PP (Persero) Tbk, Annual General Meeting, Apr 30, 2025PT PP (Persero) Tbk, Annual General Meeting, Apr 30, 2025. Location: jakarta Indonesia
New Risk • Oct 30New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 126% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.3x net interest cover). Earnings are forecast to decline by an average of 37% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Aug 14Investor sentiment improves as stock rises 26%After last week's 26% share price gain to Rp466, the stock trades at a trailing P/E ratio of 5.4x. Average forward P/E is 12x in the Construction industry in Indonesia. Total loss to shareholders of 46% over the past three years.
New Risk • Jul 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indonesian stocks, typically moving 9.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.5x net interest cover). Earnings are forecast to decline by an average of 30% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Jul 05Investor sentiment improves as stock rises 16%After last week's 16% share price gain to Rp332, the stock trades at a trailing P/E ratio of 3.8x. Average forward P/E is 13x in the Construction industry in Indonesia. Total loss to shareholders of 61% over the past three years.
Valuation Update With 7 Day Price Move • Jun 19Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to Rp278, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 13x in the Construction industry in Asia. Total loss to shareholders of 71% over the past three years.
New Risk • Mar 06New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 12% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.8x net interest cover). Earnings are forecast to decline by an average of 12% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Large one-off items impacting financial results.
Reported Earnings • Mar 06Full year 2023 earnings: Revenues miss analyst expectationsFull year 2023 results: Revenue: Rp20t (up 5.7% from FY 2022). Net income: Rp481.4b (up 77% from FY 2022). Profit margin: 2.4% (up from 1.4% in FY 2022). Revenue missed analyst estimates by 2.8%. Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Construction industry in Indonesia.
Valuation Update With 7 Day Price Move • Feb 16Investor sentiment improves as stock rises 37%After last week's 37% share price gain to Rp560, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Construction industry in Asia. Total loss to shareholders of 66% over the past three years.
Reported Earnings • Nov 03Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: Rp4.18t (down 5.8% from 3Q 2022). Net income: Rp143.3b (up 165% from 3Q 2022). Profit margin: 3.4% (up from 1.2% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Construction industry in Indonesia.
Valuation Update With 7 Day Price Move • Oct 28Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to Rp590, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Construction industry in Asia. Total loss to shareholders of 36% over the past three years.
Valuation Update With 7 Day Price Move • Sep 08Investor sentiment improves as stock rises 24%After last week's 24% share price gain to Rp725, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Construction industry in Asia. Total loss to shareholders of 14% over the past three years.
Reported Earnings • Aug 06Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: Rp3.68t (down 22% from 2Q 2022). Net income: Rp62.2b (up 5.8% from 2Q 2022). Profit margin: 1.7% (up from 1.2% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Construction industry in Indonesia.
Major Estimate Revision • Jun 23Consensus EPS estimates fall by 23%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from Rp21.4b to Rp21.1b. EPS estimate also fell from Rp84.37 per share to Rp64.69 per share. Net income forecast to grow 35% next year vs 23% growth forecast for Construction industry in Indonesia. Consensus price target down from Rp880 to Rp785. Share price was steady at Rp590 over the past week.
Valuation Update With 7 Day Price Move • May 08Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to Rp550, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 11x in the Construction industry in Asia. Total loss to shareholders of 16% over the past three years.
Price Target Changed • Apr 19Price target decreased by 8.0% to Rp1,084Down from Rp1,178, the current price target is an average from 8 analysts. New target price is 85% above last closing price of Rp585. Stock is down 36% over the past year. The company is forecast to post earnings per share of Rp112 for next year compared to Rp43.93 last year.
Major Estimate Revision • Mar 27Consensus EPS estimates increase by 40%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from Rp80.50 to Rp112. Revenue forecast steady at Rp22.1b. Net income forecast to grow 156% next year vs 26% growth forecast for Construction industry in Indonesia. Consensus price target of Rp1,178 unchanged from last update. Share price fell 2.6% to Rp565 over the past week.
Reported Earnings • Mar 09Full year 2022 earnings: Revenues miss analyst expectationsFull year 2022 results: Revenue: Rp19t (up 13% from FY 2021). Net income: Rp271.7b (up 2.2% from FY 2021). Profit margin: 1.4% (down from 1.6% in FY 2021). Revenue missed analyst estimates by 2.2%. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Construction industry in Indonesia.
Price Target Changed • Dec 16Price target decreased to Rp1,172Down from Rp1,274, the current price target is an average from 8 analysts. New target price is 58% above last closing price of Rp740. Stock is down 27% over the past year. The company is forecast to post earnings per share of Rp55.12 for next year compared to Rp43.00 last year.
Board Change • Nov 16No independent directorsThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Independent President Commissioner Andi Gani Wea is the most experienced director on the board, commencing their role in 2015. Independent Commissioner Nur Rochmad was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors.
Major Estimate Revision • Oct 28Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from Rp62.81 to Rp55.40. Revenue forecast unchanged from Rp19.1b at last update. Net income forecast to grow 62% next year vs 62% growth forecast for Construction industry in Indonesia. Consensus price target broadly unchanged at Rp1,311. Share price rose 3.5% to Rp895 over the past week.
Major Estimate Revision • Oct 15Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from Rp20.2b to Rp19.0b. EPS estimate also fell from Rp70.92 per share to Rp62.81 per share. Net income forecast to grow 64% next year vs 84% growth forecast for Construction industry in Indonesia. Consensus price target broadly unchanged at Rp1,327. Share price fell 2.2% to Rp890 over the past week.
Board Change • Apr 27No independent directorsThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Independent President Commissioner Andi Gani Wea is the most experienced director on the board, commencing their role in 2015. Independent Commissioner Nur Rochmad was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors.
お知らせ • Apr 19PT PP (Persero) Tbk Ordinary Shares to Be Deleted from Other OTCPT PP (Persero) Tbk Ordinary Shares (Indonesia) will be deleted from Other OTC effective from April 19, 2022, due to Inactive Security.
Reported Earnings • Mar 17Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: Rp43.00 (up from Rp26.52 in FY 2020). Revenue: Rp17t (up 5.9% from FY 2020). Net income: Rp266.0b (up 62% from FY 2020). Profit margin: 1.6% (up from 1.0% in FY 2020). Revenue missed analyst estimates by 9.5%. Earnings per share (EPS) also missed analyst estimates by 25%. Over the next year, revenue is forecast to grow 18%, compared to a 46% growth forecast for the industry in Indonesia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance.
Major Estimate Revision • Mar 16Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from Rp87.65 to Rp61.93. Revenue forecast unchanged from Rp19.7b at last update. Net income forecast to grow 73% next year vs 18% growth forecast for Construction industry in Indonesia. Consensus price target of Rp1,411 unchanged from last update. Share price was steady at Rp1,000 over the past week.
Valuation Update With 7 Day Price Move • Mar 11Investor sentiment improved over the past weekAfter last week's 19% share price gain to Rp1,090, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 10x in the Construction industry in Asia. Total loss to shareholders of 44% over the past three years.
Valuation Update With 7 Day Price Move • Dec 01Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to Rp1,090, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Construction industry in Asia. Total loss to shareholders of 38% over the past three years.
Valuation Update With 7 Day Price Move • Sep 07Investor sentiment improved over the past weekAfter last week's 20% share price gain to Rp1,035, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Construction industry in Asia. Total loss to shareholders of 32% over the past three years.
Price Target Changed • Sep 06Price target decreased to Rp1,448Down from Rp1,607, the current price target is an average from 13 analysts. New target price is 57% above last closing price of Rp920. Stock is down 2.1% over the past year.
Price Target Changed • Jun 19Price target decreased to Rp1,777Down from Rp1,940, the current price target is an average from 14 analysts. New target price is 83% above last closing price of Rp970. Stock is up 13% over the past year.
Reported Earnings • Jun 13First quarter 2021 earnings released: EPS Rp6.19 (vs Rp3.51 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: Rp2.84t (down 17% from 1Q 2020). Net income: Rp38.3b (up 76% from 1Q 2020). Profit margin: 1.3% (up from 0.6% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.
Major Estimate Revision • Mar 23Consensus EPS estimates fall to Rp76.66The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from Rp21.2b to Rp20.0b. EPS estimate also fell from Rp98.42 to Rp76.66. Net income forecast to grow 263% next year vs 28% growth forecast for Construction industry in Indonesia. Consensus price target up from Rp1,928 to Rp2,042. Share price was steady at Rp1,585 over the past week.
Price Target Changed • Mar 22Price target increased to Rp2,042Up from Rp1,877, the current price target is an average from 14 analysts. New target price is 27% above last closing price of Rp1,610. Stock is up 210% over the past year.
Reported Earnings • Mar 19Full year 2020 earnings released: EPS Rp20.77 (vs Rp132 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: Rp16t (down 33% from FY 2019). Net income: Rp128.8b (down 84% from FY 2019). Profit margin: 0.8% (down from 3.5% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
Price Target Changed • Mar 09Price target raised to Rp1,877Up from Rp1,723, the current price target is an average from 15 analysts. The new target price is 22% above the current share price of Rp1,540. As of last close, the stock is up 57% over the past year.
お知らせ • Mar 06Kings Ring Limited agreed to acquire 15% equity interest in PT Jasa Marga Kualanamu Tol from PT PP (Persero) Tbk (IDX:PTPP) for approximately IDR 410 billion.Kings Ring Limited agreed to acquire 15% equity interest in PT Jasa Marga Kualanamu Tol from PT PP (Persero) Tbk (IDX:PTPP) for approximately IDR 410 billion on March 5, 2021. Kings Ring shall pay IDR 325 billion at the time of closing and IDR 87 billion at the date on which PT Jasa Marga Kualanamu Tol achieves a cumulative tariff adjustment of 6% or more and (b) 30 June 2022, whichever is earlier. Post completion of the acquisition, the board of directors of PT Jasa Marga Kualanamu Tol shall consist of three directors, of which Kings Ring shall be entitled to nominate one director, and Kings Ring will have the veto right to certain reserved matters of the PT Jasa Marga Kualanamu Tol. PT Jasa Marga Kualanamu Tol reported net loss after tax to be IDR 74.8 billion and net assets to be IDR 1068 billion for the year ended December 31, 2020.The completion of the agreement is subject to (i) all representations and warranties of the respective Vendor and Kings Ring as listed in the relevant Conditional Sale and Purchase Agreement being true, (ii) approval of creditors of the target company in respect of the acquisition under certain loan facility agreements, (iii) the seller obtaining approval from its board of commissioners in respect of the acquisition and others.
Is New 90 Day High Low • Mar 06New 90-day low: Rp1,535The company is down 4.0% from its price of Rp1,600 on 04 December 2020. The Indonesian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp3,710 per share.
Valuation Update With 7 Day Price Move • Jan 29Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to Rp1,635, the stock is trading at a trailing P/E ratio of 23.2x, down from the previous P/E ratio of 27.6x. This compares to an average P/E of 17x in the Construction industry in Indonesia. Total return to shareholders over the past three years is a loss of 44%.
Price Target Changed • Jan 13Price target raised to Rp1,723Up from Rp1,570, the current price target is an average from 17 analysts. The new target price is 17% below the current share price of Rp2,080. As of last close, the stock is up 28% over the past year.
Major Estimate Revision • Jan 11Analysts update estimatesThe 2020 consensus earning per share (EPS) estimate was lowered from Rp23.33 to Rp20.83. No change was made to the revenue estimate which at the last update was Rp16.7b. Net income is expected to grow by 17% next year compared to 18% growth forecast for the Construction industry in Indonesia. The consensus price target increased from Rp1,570 to Rp1,642. Share price is up 11% to Rp2,100 over the past week.
Is New 90 Day High Low • Jan 07New 90-day high: Rp2,070The company is up 131% from its price of Rp895 on 09 October 2020. The Indonesian market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 75% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp4,677 per share.
Price Target Changed • Dec 31Price target raised to Rp1,570Up from Rp1,450, the current price target is an average from 18 analysts. The new target price is 16% below the current share price of Rp1,865. As of last close, the stock is up 16% over the past year.
Valuation Update With 7 Day Price Move • Dec 21Investor sentiment improved over the past weekAfter last week's 22% share price gain to Rp1,920, the stock is trading at a trailing P/E ratio of 27.2x, up from the previous P/E ratio of 22.4x. This compares to an average P/E of 18x in the Construction industry in Indonesia. Total return to shareholders over the past three years is a loss of 19%.
Is New 90 Day High Low • Dec 17New 90-day high: Rp1,705The company is up 104% from its price of Rp835 on 18 September 2020. The Indonesian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 53% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp3,809 per share.
Valuation Update With 7 Day Price Move • Dec 07Market bids up stock over the past weekAfter last week's 18% share price gain to Rp1,600, the stock is trading at a trailing P/E ratio of 22.7x, up from the previous P/E ratio of 19.3x. This compares to an average P/E of 18x in the Construction industry in Indonesia. Total return to shareholders over the past three years is a loss of 27%.
Price Target Changed • Dec 04Price target raised to Rp1,236Up from Rp1,115, the current price target is an average from 18 analysts. The new target price is 23% below the current share price of Rp1,595. As of last close, the stock is up 1.3% over the past year.
Valuation Update With 7 Day Price Move • Dec 03Market bids up stock over the past weekAfter last week's 15% share price gain to Rp1,520, the stock is trading at a trailing P/E ratio of 21.5x, up from the previous P/E ratio of 18.7x. This compares to an average P/E of 18x in the Construction industry in Indonesia. Total return to shareholders over the past three years is a loss of 32%.
Valuation Update With 7 Day Price Move • Nov 28Market bids up stock over the past weekAfter last week's 22% share price gain to Rp1,400, the stock is trading at a trailing P/E ratio of 19.8x, up from the previous P/E ratio of 16.3x. This compares to an average P/E of 19x in the Construction industry in Indonesia. Total return to shareholders over the past three years is a loss of 41%.
Valuation Update With 7 Day Price Move • Nov 19Market bids up stock over the past weekAfter last week's 16% share price gain to Rp1,150, the stock is trading at a trailing P/E ratio of 16.3x, up from the previous P/E ratio of 14.1x. This compares to an average P/E of 16x in the Construction industry in Indonesia. Total return to shareholders over the past three years is a loss of 54%.
Is New 90 Day High Low • Nov 16New 90-day high: Rp1,100The company is up 8.0% from its price of Rp1,020 on 18 August 2020. The Indonesian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Construction industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp231 per share.
Major Estimate Revision • Nov 06Analysts increase EPS estimates to Rp53.53The 2020 consensus revenue estimate increased from Rp17.1b to Rp18.2b. The earnings per share estimate also received an upgrade from Rp43.77 to Rp53.53 for the same period. Net income is expected to grow by 39% next year compared to 12% growth forecast for the Construction industry in Indonesia. The consensus price target increased from Rp1,114 to Rp1,119. Share price stayed mostly flat at Rp920 over the past week.
Reported Earnings • Oct 31Third quarter earnings releasedOver the last 12 months the company has reported total profits of Rp431.9b, down 62% from the prior year. Total revenue was Rp19t over the last 12 months, down 29% from the prior year.
Analyst Estimate Surprise Post Earnings • Oct 31Third-quarter earnings released: Earnings miss expectationsEarnings per share (EPS) missed analyst estimates by 86% at Rp1.00. Revenue is forecast to grow 13% over the next year, compared to a 14% growth forecast for the Construction industry in Indonesia.
