View ValuationCiputra Development 将来の成長Future 基準チェック /06Ciputra Developmentの収益は年間0.3%で減少すると予測されていますが、年間収益は年間0.9%で増加すると予測されています。EPS は年間 増加すると予測されています。自己資本利益率は 3 年後に9% 1%なると予測されています。主要情報-0.3%収益成長率0.98%EPS成長率Real Estate 収益成長7.3%収益成長率0.9%将来の株主資本利益率9.02%アナリストカバレッジGood最終更新日08 May 2026今後の成長に関する最新情報Price Target Changed • Mar 06Price target decreased by 8.8% to Rp1,243Down from Rp1,363, the current price target is an average from 10 analysts. New target price is 73% above last closing price of Rp720. Stock is down 18% over the past year. The company is forecast to post earnings per share of Rp130 for next year compared to Rp115 last year.Major Estimate Revision • Nov 07Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from Rp103 to Rp91.97 per share. Revenue forecast steady at Rp9.58b. Net income forecast to grow 35% next year vs 5.5% growth forecast for Real Estate industry in Indonesia. Consensus price target broadly unchanged at Rp1,348. Share price rose 2.7% to Rp1,140 over the past week.Major Estimate Revision • Aug 08Consensus revenue estimates decrease by 11%The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from Rp9.40b to Rp8.39b. EPS estimate unchanged from Rp111 per share at last update. Real Estate industry in Indonesia expected to see average net income growth of 1.5% next year. Consensus price target broadly unchanged at Rp1,335. Share price rose 2.8% to Rp1,110 over the past week.Major Estimate Revision • May 26Consensus EPS estimates increase by 15%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from Rp8.54b to Rp8.73b. EPS estimate increased from Rp71.12 to Rp81.98 per share. Net income forecast to shrink 14% next year vs 28% growth forecast for Real Estate industry in Indonesia . Consensus price target of Rp1,413 unchanged from last update. Share price was steady at Rp975 over the past week.Major Estimate Revision • May 20Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from Rp70.81 to Rp81.07. Revenue forecast unchanged at Rp8.45b. Net income forecast to grow 1.9% next year vs 17% growth forecast for Real Estate industry in Indonesia. Consensus price target broadly unchanged at Rp1,333. Share price fell 5.6% to Rp1,100 over the past week.Price Target Changed • Nov 25Price target raised to Rp976Up from Rp899, the current price target is an average from 14 analysts. The new target price is 6.7% above the current share price of Rp915. As of last close, the stock is down 9.0% over the past year.すべての更新を表示Recent updatesお知らせ • May 21PT Ciputra Development Tbk, Annual General Meeting, Jun 26, 2026PT Ciputra Development Tbk, Annual General Meeting, Jun 26, 2026.New Risk • May 05New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.2% 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 Risk Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • May 05First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: EPS: Rp28.00 (down from Rp35.63 in 1Q 2025). Revenue: Rp2.56t (down 6.4% from 1Q 2025). Net income: Rp518.3b (down 22% from 1Q 2025). Profit margin: 20% (down from 24% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 1.0% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Real Estate industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.Reported Earnings • Apr 02Full year 2025 earnings released: EPS: Rp144 (vs Rp115 in FY 2024)Full year 2025 results: EPS: Rp144 (up from Rp115 in FY 2024). Revenue: Rp13t (up 13% from FY 2024). Net income: Rp2.66t (up 25% from FY 2024). Profit margin: 21% (up from 19% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 7.6% growth forecast for the Real Estate industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Mar 09Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 20% to Rp680. The fair value is estimated to be Rp856, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 8.8%. Revenue is forecast to decline by 0.4% in 2 years. Earnings are forecast to decline by 1.3% in the next 2 years.New Risk • Mar 06New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.02% 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 Risk Earnings are forecast to decline by an average of 0.02% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Price Target Changed • Mar 06Price target decreased by 8.8% to Rp1,243Down from Rp1,363, the current price target is an average from 10 analysts. New target price is 73% above last closing price of Rp720. Stock is down 18% over the past year. The company is forecast to post earnings per share of Rp130 for next year compared to Rp115 last year.Buy Or Sell Opportunity • Dec 30Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 8.3% to Rp830. The fair value is estimated to be Rp1,050, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 8.8%. Revenue is forecast to decline by 0.4% in 2 years. Earnings are forecast to grow by 1.1% in the next 2 years.New Risk • Nov 03New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.3% 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 Risk Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Nov 01Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: EPS: Rp21.22 (up from Rp13.38 in 3Q 2024). Revenue: Rp2.51t (up 21% from 3Q 2024). Net income: Rp386.7b (up 56% from 3Q 2024). Profit margin: 15% (up from 12% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 35%. Revenue is forecast to stay flat during the next 3 years compared to a 17% growth forecast for the Real Estate industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Board Change • Oct 24Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 11 highly experienced directors. 1 independent director (9 non-independent directors). Independent Commissioner Tanan Antonius was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • May 10PT Ciputra Development Tbk, Annual General Meeting, Jun 17, 2025PT Ciputra Development Tbk, Annual General Meeting, Jun 17, 2025.Reported Earnings • Nov 01Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: Rp13.43 (down from Rp21.70 in 3Q 2023). Revenue: Rp2.08t (down 1.9% from 3Q 2023). Net income: Rp247.9b (down 38% from 3Q 2023). Profit margin: 12% (down from 19% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 51%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 2.8% decline forecast for the Real Estate industry in Indonesia. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Reported Earnings • Aug 01Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: Rp29.95 (up from Rp19.75 in 2Q 2023). Revenue: Rp2.72t (up 16% from 2Q 2023). Net income: Rp545.8b (up 49% from 2Q 2023). Profit margin: 20% (up from 16% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 42%. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Real Estate industry in Indonesia. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.お知らせ • May 16PT Ciputra Development Tbk, Annual General Meeting, Jun 19, 2024PT Ciputra Development Tbk, Annual General Meeting, Jun 19, 2024.Reported Earnings • May 01First quarter 2024 earnings released: EPS: Rp26.00 (vs Rp22.27 in 1Q 2023)First quarter 2024 results: EPS: Rp26.00 (up from Rp22.27 in 1Q 2023). Revenue: Rp2.32t (up 8.7% from 1Q 2023). Net income: Rp483.4b (up 17% from 1Q 2023). Profit margin: 21% (up from 19% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Real Estate industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 2% per year.Buy Or Sell Opportunity • Apr 30Now 22% overvaluedOver the last 90 days, the stock has fallen 3.6% to Rp1,205. The fair value is estimated to be Rp991, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 4.5%. For the next 3 years, revenue is forecast to grow by 8.0% per annum. Earnings are also forecast to grow by 12% per annum over the same time period.Reported Earnings • Apr 03Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: Rp99.60 (down from Rp100 in FY 2022). Revenue: Rp9.25t (up 1.3% from FY 2022). Net income: Rp1.85t (flat on FY 2022). Profit margin: 20% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.8%. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Real Estate industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 5% per year.Major Estimate Revision • Nov 07Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from Rp103 to Rp91.97 per share. Revenue forecast steady at Rp9.58b. Net income forecast to grow 35% next year vs 5.5% growth forecast for Real Estate industry in Indonesia. Consensus price target broadly unchanged at Rp1,348. Share price rose 2.7% to Rp1,140 over the past week.Reported Earnings • Nov 01Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: EPS: Rp21.98 (down from Rp28.06 in 3Q 2022). Revenue: Rp2.12t (down 17% from 3Q 2022). Net income: Rp402.3b (down 23% from 3Q 2022). Profit margin: 19% (down from 20% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 26%. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Real Estate industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 11% per year and the company’s share price has also increased by 11% per year.Major Estimate Revision • Aug 08Consensus revenue estimates decrease by 11%The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from Rp9.40b to Rp8.39b. EPS estimate unchanged from Rp111 per share at last update. Real Estate industry in Indonesia expected to see average net income growth of 1.5% next year. Consensus price target broadly unchanged at Rp1,335. Share price rose 2.8% to Rp1,110 over the past week.Reported Earnings • Aug 01Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: Rp19.73 (down from Rp31.51 in 2Q 2022). Revenue: Rp2.34t (down 3.8% from 2Q 2022). Net income: Rp366.1b (down 37% from 2Q 2022). Profit margin: 16% (down from 24% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 20%. Earnings per share (EPS) also surpassed analyst estimates by 2.3%. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Real Estate industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 19% per year.Reported Earnings • May 04First quarter 2023 earnings: EPS and revenues miss analyst expectationsFirst quarter 2023 results: EPS: Rp22.00 (down from Rp22.70 in 1Q 2022). Revenue: Rp2.13t (down 4.6% from 1Q 2022). Net income: Rp412.9b (down 1.9% from 1Q 2022). Profit margin: 19% (in line with 1Q 2022). Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 18%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Real Estate industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 25% per year.Reported Earnings • Apr 01Full year 2022 earnings released: EPS: Rp101 (vs Rp93.62 in FY 2021)Full year 2022 results: EPS: Rp101 (up from Rp93.62 in FY 2021). Revenue: Rp9.13t (down 6.2% from FY 2021). Net income: Rp1.86t (up 7.4% from FY 2021). Profit margin: 20% (up from 18% in FY 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Real Estate industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 30% per year.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. 1 highly experienced director. 1 independent director (9 non-independent directors). Independent Commissioner - Kodradi was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 01Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: Rp27.79 (down from Rp28.65 in 3Q 2021). Revenue: Rp2.56t (down 2.5% from 3Q 2021). Net income: Rp520.1b (down 2.1% from 3Q 2021). Profit margin: 20% (in line with 3Q 2021). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Real Estate industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 16Second quarter 2022 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2022 results: EPS: Rp31.27 (up from Rp12.95 in 2Q 2021). Revenue: Rp2.43t (up 12% from 2Q 2021). Net income: Rp584.1b (up 143% from 2Q 2021). Profit margin: 24% (up from 11% in 2Q 2021). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 29%. Earnings per share (EPS) also surpassed analyst estimates by 42%. Over the next year, revenue is expected to shrink by 14% compared to a 1.8% decline forecast for the Real Estate industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.Major Estimate Revision • May 26Consensus EPS estimates increase by 15%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from Rp8.54b to Rp8.73b. EPS estimate increased from Rp71.12 to Rp81.98 per share. Net income forecast to shrink 14% next year vs 28% growth forecast for Real Estate industry in Indonesia . Consensus price target of Rp1,413 unchanged from last update. Share price was steady at Rp975 over the past week.Reported Earnings • May 16First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: Rp23.00 (up from Rp13.13 in 1Q 2021). Revenue: Rp2.23t (up 21% from 1Q 2021). Net income: Rp420.7b (up 73% from 1Q 2021). Profit margin: 19% (up from 13% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Over the next year, revenue is expected to shrink by 13% compared to a 1.6% growth forecast for the industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 2 highly experienced directors. 1 independent director (9 non-independent directors). Independent Commissioner - Kodradi was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Apr 17Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: Rp94.00 (up from Rp71.26 in FY 2020). Revenue: Rp9.73t (up 21% from FY 2020). Net income: Rp1.74t (up 31% from FY 2020). Profit margin: 18% (up from 16% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Over the next year, revenue is expected to shrink by 12% compared to a 2.4% growth forecast for the industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Mar 09Investor sentiment improved over the past weekAfter last week's 16% share price gain to Rp1,055, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Real Estate industry in Indonesia. Total returns to shareholders of 25% over the past three years.Reported Earnings • Nov 16Third quarter 2021 earnings released: EPS Rp29.07 (vs Rp3.38 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: Rp2.63t (up 83% from 3Q 2020). Net income: Rp531.1b (up Rp468.4b from 3Q 2020). Profit margin: 20% (up from 4.4% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Oct 04Investor sentiment improved over the past weekAfter last week's 16% share price gain to Rp1,035, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Real Estate industry in Indonesia. Total returns to shareholders of 33% over the past three years.Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS Rp12.95 (vs Rp0.43 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: Rp2.17t (up 68% from 2Q 2020). Net income: Rp240.1b (up Rp248.1b from 2Q 2020). Profit margin: 11% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • May 20Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from Rp70.81 to Rp81.07. Revenue forecast unchanged at Rp8.45b. Net income forecast to grow 1.9% next year vs 17% growth forecast for Real Estate industry in Indonesia. Consensus price target broadly unchanged at Rp1,333. Share price fell 5.6% to Rp1,100 over the past week.Reported Earnings • May 13First quarter 2021 earnings released: EPS Rp13.00 (vs Rp9.58 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: Rp1.85t (up 23% from 1Q 2020). Net income: Rp243.4b (up 37% from 1Q 2020). Profit margin: 13% (up from 12% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 6% per year.Reported Earnings • Apr 16Full year 2020 earnings released: EPS Rp71.00 (vs Rp62.47 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: Rp8.07t (up 6.1% from FY 2019). Net income: Rp1.32t (up 14% from FY 2019). Profit margin: 16% (up from 15% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Feb 20New 90-day high: Rp1,120The company is up 25% from its price of Rp895 on 20 November 2020. The Indonesian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp347 per share.Is New 90 Day High Low • Jan 12New 90-day high: Rp1,080The company is up 43% from its price of Rp755 on 15 October 2020. The Indonesian market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp88.67 per share.Is New 90 Day High Low • Dec 18New 90-day high: Rp1,070The company is up 59% from its price of Rp675 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 Real Estate industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp73.24 per share.Valuation Update With 7 Day Price Move • Dec 18Investor sentiment improved over the past weekAfter last week's 17% share price gain to Rp1,070, the stock is trading at a trailing P/E ratio of 20.4x, up from the previous P/E ratio of 17.4x. This compares to an average P/E of 27x in the Real Estate industry in Indonesia. Total return to shareholders over the past three years is a loss of 6.1%.Price Target Changed • Nov 25Price target raised to Rp976Up from Rp899, the current price target is an average from 14 analysts. The new target price is 6.7% above the current share price of Rp915. As of last close, the stock is down 9.0% over the past year.Reported Earnings • Nov 22Third quarter 2020 earnings released: EPS Rp3.38The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: Rp1.44t (down 4.9% from 3Q 2019). Net income: Rp62.7b (down 48% from 3Q 2019). Profit margin: 4.4% (down from 8.0% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.Analyst Estimate Surprise Post Earnings • Nov 22Revenue beats expectations, earnings disappointRevenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 67%. Over the next year, revenue is forecast to decline by -4.2% while the growth in Real Estate industry in Indonesia is expected to stay flat.Valuation Update With 7 Day Price Move • Nov 11Market bids up stock over the past weekAfter last week's 15% share price gain to Rp905, 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 20x in the Real Estate industry in Indonesia. Total return to shareholders over the past three years is a loss of 20%.Is New 90 Day High Low • Nov 07New 90-day high: Rp840The company is up 32% from its price of Rp635 on 07 August 2020. The Indonesian market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp52.52 per share.Is New 90 Day High Low • Oct 19New 90-day high: Rp805The company is up 23% from its price of Rp655 on 21 July 2020. The Indonesian market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp49.44 per share.業績と収益の成長予測IDX:CTRA - アナリストの将来予測と過去の財務データ ( )IDR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202813,029,1022,593,8152,165,3002,733,400312/31/202712,357,8452,400,6831,805,5752,456,250712/31/202612,796,4172,515,1811,621,4752,453,27523/31/202612,442,4722,521,001-33,465297,719N/A12/31/202512,616,6952,663,100-225,86479,382N/A9/30/202512,461,9912,471,049896,0171,170,823N/A6/30/202512,032,0852,332,2791,461,1711,876,668N/A3/31/202511,603,1742,303,2991,620,7082,035,407N/A12/31/202411,187,5652,126,2882,564,8712,985,452N/A9/30/20249,773,2661,942,0133,030,4233,772,884N/A6/30/20249,812,8862,096,3353,674,8424,258,427N/A3/31/20249,430,3531,916,6233,323,8843,867,601N/A12/31/20239,245,0321,846,0873,321,4343,864,820N/A9/30/20238,489,0221,518,7813,210,3633,419,403N/A6/30/20238,931,1061,636,5832,988,4773,186,363N/A3/31/20239,023,4121,854,5223,079,5393,277,279N/A12/31/20229,126,7991,862,4033,603,4533,759,340N/A9/30/202210,307,8802,245,6663,666,4413,799,374N/A6/30/202210,374,5622,256,6703,549,0083,657,764N/A3/31/202210,113,0911,912,7003,992,3654,107,004N/A12/31/20219,729,6511,735,3293,512,5803,625,210N/A9/30/202110,479,3632,103,1012,990,8313,078,453N/A6/30/20219,286,5451,634,7173,127,9363,236,068N/A3/31/20218,411,6351,386,6191,649,0731,752,876N/A12/31/20208,070,7371,320,7541,094,7461,213,679N/A9/30/20207,192,909973,504835,734954,407N/A6/30/20207,267,2891,031,027424,098548,054N/A3/31/20207,471,3501,052,362801,761923,693N/A12/31/20197,608,2371,157,959N/A979,826N/A9/30/20197,635,2661,022,300N/A1,354,216N/A6/30/20198,010,9751,305,716N/A1,300,470N/A3/31/20197,959,5031,343,329N/A1,020,120N/A12/31/20187,670,4051,185,478N/A1,043,561N/A9/30/20186,784,973907,921N/A562,911N/A6/30/20186,421,413731,012N/A408,778N/A3/31/20186,529,604803,183N/A664,053N/A12/31/20176,442,797894,354N/A549,287N/A9/30/20176,668,676969,483N/A356,859N/A6/30/20176,686,9041,051,094N/A246,730N/A3/31/20176,705,5021,045,191N/A337,969N/A12/31/20166,739,3151,021,235N/A41,055N/A9/30/20166,569,7661,327,839N/A267,915N/A6/30/20167,302,9841,090,667N/A986,199N/A3/31/20167,397,0021,248,327N/A1,266,539N/A12/31/20157,514,2861,644,951N/A1,347,348N/A9/30/20157,476,8361,377,880N/A2,599,244N/A6/30/20156,622,3331,227,161N/A2,299,452N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: CTRAの収益は今後 3 年間で減少すると予測されています (年間-0.3% )。収益対市場: CTRAの収益は今後 3 年間で減少すると予測されています (年間-0.3% )。高成長収益: CTRAの収益は今後 3 年間で減少すると予測されています。収益対市場: CTRAの収益 ( 0.9% ) ID市場 ( 12.6% ) よりも低い成長が予測されています。高い収益成長: CTRAの収益 ( 0.9% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: CTRAの 自己資本利益率 は、3年後には低くなると予測されています ( 9 %)。成長企業の発掘7D1Y7D1Y7D1YReal-estate-management-and-development 業界の高成長企業。View Past Performance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2026/05/25 08:13終値2026/05/25 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 Ciputra Development Tbk 7 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。27 アナリスト機関Baruna ArkasatyoCGS InternationalHadi SoegiartoCGS InternationalFerry WongCitigroup Inc24 その他のアナリストを表示
Price Target Changed • Mar 06Price target decreased by 8.8% to Rp1,243Down from Rp1,363, the current price target is an average from 10 analysts. New target price is 73% above last closing price of Rp720. Stock is down 18% over the past year. The company is forecast to post earnings per share of Rp130 for next year compared to Rp115 last year.
Major Estimate Revision • Nov 07Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from Rp103 to Rp91.97 per share. Revenue forecast steady at Rp9.58b. Net income forecast to grow 35% next year vs 5.5% growth forecast for Real Estate industry in Indonesia. Consensus price target broadly unchanged at Rp1,348. Share price rose 2.7% to Rp1,140 over the past week.
Major Estimate Revision • Aug 08Consensus revenue estimates decrease by 11%The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from Rp9.40b to Rp8.39b. EPS estimate unchanged from Rp111 per share at last update. Real Estate industry in Indonesia expected to see average net income growth of 1.5% next year. Consensus price target broadly unchanged at Rp1,335. Share price rose 2.8% to Rp1,110 over the past week.
Major Estimate Revision • May 26Consensus EPS estimates increase by 15%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from Rp8.54b to Rp8.73b. EPS estimate increased from Rp71.12 to Rp81.98 per share. Net income forecast to shrink 14% next year vs 28% growth forecast for Real Estate industry in Indonesia . Consensus price target of Rp1,413 unchanged from last update. Share price was steady at Rp975 over the past week.
Major Estimate Revision • May 20Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from Rp70.81 to Rp81.07. Revenue forecast unchanged at Rp8.45b. Net income forecast to grow 1.9% next year vs 17% growth forecast for Real Estate industry in Indonesia. Consensus price target broadly unchanged at Rp1,333. Share price fell 5.6% to Rp1,100 over the past week.
Price Target Changed • Nov 25Price target raised to Rp976Up from Rp899, the current price target is an average from 14 analysts. The new target price is 6.7% above the current share price of Rp915. As of last close, the stock is down 9.0% over the past year.
お知らせ • May 21PT Ciputra Development Tbk, Annual General Meeting, Jun 26, 2026PT Ciputra Development Tbk, Annual General Meeting, Jun 26, 2026.
New Risk • May 05New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.2% 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 Risk Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • May 05First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: EPS: Rp28.00 (down from Rp35.63 in 1Q 2025). Revenue: Rp2.56t (down 6.4% from 1Q 2025). Net income: Rp518.3b (down 22% from 1Q 2025). Profit margin: 20% (down from 24% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 1.0% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Real Estate industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
Reported Earnings • Apr 02Full year 2025 earnings released: EPS: Rp144 (vs Rp115 in FY 2024)Full year 2025 results: EPS: Rp144 (up from Rp115 in FY 2024). Revenue: Rp13t (up 13% from FY 2024). Net income: Rp2.66t (up 25% from FY 2024). Profit margin: 21% (up from 19% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 7.6% growth forecast for the Real Estate industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Mar 09Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 20% to Rp680. The fair value is estimated to be Rp856, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 8.8%. Revenue is forecast to decline by 0.4% in 2 years. Earnings are forecast to decline by 1.3% in the next 2 years.
New Risk • Mar 06New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.02% 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 Risk Earnings are forecast to decline by an average of 0.02% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Price Target Changed • Mar 06Price target decreased by 8.8% to Rp1,243Down from Rp1,363, the current price target is an average from 10 analysts. New target price is 73% above last closing price of Rp720. Stock is down 18% over the past year. The company is forecast to post earnings per share of Rp130 for next year compared to Rp115 last year.
Buy Or Sell Opportunity • Dec 30Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 8.3% to Rp830. The fair value is estimated to be Rp1,050, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 8.8%. Revenue is forecast to decline by 0.4% in 2 years. Earnings are forecast to grow by 1.1% in the next 2 years.
New Risk • Nov 03New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.3% 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 Risk Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Nov 01Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: EPS: Rp21.22 (up from Rp13.38 in 3Q 2024). Revenue: Rp2.51t (up 21% from 3Q 2024). Net income: Rp386.7b (up 56% from 3Q 2024). Profit margin: 15% (up from 12% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 35%. Revenue is forecast to stay flat during the next 3 years compared to a 17% growth forecast for the Real Estate industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Board Change • Oct 24Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 11 highly experienced directors. 1 independent director (9 non-independent directors). Independent Commissioner Tanan Antonius was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • May 10PT Ciputra Development Tbk, Annual General Meeting, Jun 17, 2025PT Ciputra Development Tbk, Annual General Meeting, Jun 17, 2025.
Reported Earnings • Nov 01Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: Rp13.43 (down from Rp21.70 in 3Q 2023). Revenue: Rp2.08t (down 1.9% from 3Q 2023). Net income: Rp247.9b (down 38% from 3Q 2023). Profit margin: 12% (down from 19% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 51%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 2.8% decline forecast for the Real Estate industry in Indonesia. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 01Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: Rp29.95 (up from Rp19.75 in 2Q 2023). Revenue: Rp2.72t (up 16% from 2Q 2023). Net income: Rp545.8b (up 49% from 2Q 2023). Profit margin: 20% (up from 16% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 42%. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Real Estate industry in Indonesia. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
お知らせ • May 16PT Ciputra Development Tbk, Annual General Meeting, Jun 19, 2024PT Ciputra Development Tbk, Annual General Meeting, Jun 19, 2024.
Reported Earnings • May 01First quarter 2024 earnings released: EPS: Rp26.00 (vs Rp22.27 in 1Q 2023)First quarter 2024 results: EPS: Rp26.00 (up from Rp22.27 in 1Q 2023). Revenue: Rp2.32t (up 8.7% from 1Q 2023). Net income: Rp483.4b (up 17% from 1Q 2023). Profit margin: 21% (up from 19% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Real Estate industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 2% per year.
Buy Or Sell Opportunity • Apr 30Now 22% overvaluedOver the last 90 days, the stock has fallen 3.6% to Rp1,205. The fair value is estimated to be Rp991, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 4.5%. For the next 3 years, revenue is forecast to grow by 8.0% per annum. Earnings are also forecast to grow by 12% per annum over the same time period.
Reported Earnings • Apr 03Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: Rp99.60 (down from Rp100 in FY 2022). Revenue: Rp9.25t (up 1.3% from FY 2022). Net income: Rp1.85t (flat on FY 2022). Profit margin: 20% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.8%. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Real Estate industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 5% per year.
Major Estimate Revision • Nov 07Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from Rp103 to Rp91.97 per share. Revenue forecast steady at Rp9.58b. Net income forecast to grow 35% next year vs 5.5% growth forecast for Real Estate industry in Indonesia. Consensus price target broadly unchanged at Rp1,348. Share price rose 2.7% to Rp1,140 over the past week.
Reported Earnings • Nov 01Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: EPS: Rp21.98 (down from Rp28.06 in 3Q 2022). Revenue: Rp2.12t (down 17% from 3Q 2022). Net income: Rp402.3b (down 23% from 3Q 2022). Profit margin: 19% (down from 20% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 26%. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Real Estate industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 11% per year and the company’s share price has also increased by 11% per year.
Major Estimate Revision • Aug 08Consensus revenue estimates decrease by 11%The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from Rp9.40b to Rp8.39b. EPS estimate unchanged from Rp111 per share at last update. Real Estate industry in Indonesia expected to see average net income growth of 1.5% next year. Consensus price target broadly unchanged at Rp1,335. Share price rose 2.8% to Rp1,110 over the past week.
Reported Earnings • Aug 01Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: Rp19.73 (down from Rp31.51 in 2Q 2022). Revenue: Rp2.34t (down 3.8% from 2Q 2022). Net income: Rp366.1b (down 37% from 2Q 2022). Profit margin: 16% (down from 24% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 20%. Earnings per share (EPS) also surpassed analyst estimates by 2.3%. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Real Estate industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 19% per year.
Reported Earnings • May 04First quarter 2023 earnings: EPS and revenues miss analyst expectationsFirst quarter 2023 results: EPS: Rp22.00 (down from Rp22.70 in 1Q 2022). Revenue: Rp2.13t (down 4.6% from 1Q 2022). Net income: Rp412.9b (down 1.9% from 1Q 2022). Profit margin: 19% (in line with 1Q 2022). Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 18%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Real Estate industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 25% per year.
Reported Earnings • Apr 01Full year 2022 earnings released: EPS: Rp101 (vs Rp93.62 in FY 2021)Full year 2022 results: EPS: Rp101 (up from Rp93.62 in FY 2021). Revenue: Rp9.13t (down 6.2% from FY 2021). Net income: Rp1.86t (up 7.4% from FY 2021). Profit margin: 20% (up from 18% in FY 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Real Estate industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 30% per year.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. 1 highly experienced director. 1 independent director (9 non-independent directors). Independent Commissioner - Kodradi was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 01Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: Rp27.79 (down from Rp28.65 in 3Q 2021). Revenue: Rp2.56t (down 2.5% from 3Q 2021). Net income: Rp520.1b (down 2.1% from 3Q 2021). Profit margin: 20% (in line with 3Q 2021). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Real Estate industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 16Second quarter 2022 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2022 results: EPS: Rp31.27 (up from Rp12.95 in 2Q 2021). Revenue: Rp2.43t (up 12% from 2Q 2021). Net income: Rp584.1b (up 143% from 2Q 2021). Profit margin: 24% (up from 11% in 2Q 2021). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 29%. Earnings per share (EPS) also surpassed analyst estimates by 42%. Over the next year, revenue is expected to shrink by 14% compared to a 1.8% decline forecast for the Real Estate industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
Major Estimate Revision • May 26Consensus EPS estimates increase by 15%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from Rp8.54b to Rp8.73b. EPS estimate increased from Rp71.12 to Rp81.98 per share. Net income forecast to shrink 14% next year vs 28% growth forecast for Real Estate industry in Indonesia . Consensus price target of Rp1,413 unchanged from last update. Share price was steady at Rp975 over the past week.
Reported Earnings • May 16First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: Rp23.00 (up from Rp13.13 in 1Q 2021). Revenue: Rp2.23t (up 21% from 1Q 2021). Net income: Rp420.7b (up 73% from 1Q 2021). Profit margin: 19% (up from 13% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Over the next year, revenue is expected to shrink by 13% compared to a 1.6% growth forecast for the industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 2 highly experienced directors. 1 independent director (9 non-independent directors). Independent Commissioner - Kodradi was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Apr 17Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: Rp94.00 (up from Rp71.26 in FY 2020). Revenue: Rp9.73t (up 21% from FY 2020). Net income: Rp1.74t (up 31% from FY 2020). Profit margin: 18% (up from 16% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Over the next year, revenue is expected to shrink by 12% compared to a 2.4% growth forecast for the industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Mar 09Investor sentiment improved over the past weekAfter last week's 16% share price gain to Rp1,055, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Real Estate industry in Indonesia. Total returns to shareholders of 25% over the past three years.
Reported Earnings • Nov 16Third quarter 2021 earnings released: EPS Rp29.07 (vs Rp3.38 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: Rp2.63t (up 83% from 3Q 2020). Net income: Rp531.1b (up Rp468.4b from 3Q 2020). Profit margin: 20% (up from 4.4% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Oct 04Investor sentiment improved over the past weekAfter last week's 16% share price gain to Rp1,035, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Real Estate industry in Indonesia. Total returns to shareholders of 33% over the past three years.
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS Rp12.95 (vs Rp0.43 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: Rp2.17t (up 68% from 2Q 2020). Net income: Rp240.1b (up Rp248.1b from 2Q 2020). Profit margin: 11% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • May 20Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from Rp70.81 to Rp81.07. Revenue forecast unchanged at Rp8.45b. Net income forecast to grow 1.9% next year vs 17% growth forecast for Real Estate industry in Indonesia. Consensus price target broadly unchanged at Rp1,333. Share price fell 5.6% to Rp1,100 over the past week.
Reported Earnings • May 13First quarter 2021 earnings released: EPS Rp13.00 (vs Rp9.58 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: Rp1.85t (up 23% from 1Q 2020). Net income: Rp243.4b (up 37% from 1Q 2020). Profit margin: 13% (up from 12% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 6% per year.
Reported Earnings • Apr 16Full year 2020 earnings released: EPS Rp71.00 (vs Rp62.47 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: Rp8.07t (up 6.1% from FY 2019). Net income: Rp1.32t (up 14% from FY 2019). Profit margin: 16% (up from 15% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Feb 20New 90-day high: Rp1,120The company is up 25% from its price of Rp895 on 20 November 2020. The Indonesian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp347 per share.
Is New 90 Day High Low • Jan 12New 90-day high: Rp1,080The company is up 43% from its price of Rp755 on 15 October 2020. The Indonesian market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp88.67 per share.
Is New 90 Day High Low • Dec 18New 90-day high: Rp1,070The company is up 59% from its price of Rp675 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 Real Estate industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp73.24 per share.
Valuation Update With 7 Day Price Move • Dec 18Investor sentiment improved over the past weekAfter last week's 17% share price gain to Rp1,070, the stock is trading at a trailing P/E ratio of 20.4x, up from the previous P/E ratio of 17.4x. This compares to an average P/E of 27x in the Real Estate industry in Indonesia. Total return to shareholders over the past three years is a loss of 6.1%.
Price Target Changed • Nov 25Price target raised to Rp976Up from Rp899, the current price target is an average from 14 analysts. The new target price is 6.7% above the current share price of Rp915. As of last close, the stock is down 9.0% over the past year.
Reported Earnings • Nov 22Third quarter 2020 earnings released: EPS Rp3.38The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: Rp1.44t (down 4.9% from 3Q 2019). Net income: Rp62.7b (down 48% from 3Q 2019). Profit margin: 4.4% (down from 8.0% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
Analyst Estimate Surprise Post Earnings • Nov 22Revenue beats expectations, earnings disappointRevenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 67%. Over the next year, revenue is forecast to decline by -4.2% while the growth in Real Estate industry in Indonesia is expected to stay flat.
Valuation Update With 7 Day Price Move • Nov 11Market bids up stock over the past weekAfter last week's 15% share price gain to Rp905, 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 20x in the Real Estate industry in Indonesia. Total return to shareholders over the past three years is a loss of 20%.
Is New 90 Day High Low • Nov 07New 90-day high: Rp840The company is up 32% from its price of Rp635 on 07 August 2020. The Indonesian market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp52.52 per share.
Is New 90 Day High Low • Oct 19New 90-day high: Rp805The company is up 23% from its price of Rp655 on 21 July 2020. The Indonesian market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp49.44 per share.