Lippo Cikarang Valuation

Q: What is the Fair Price of LCW when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

LCW (€0.02) is trading below our estimate of [[fair value]] (€0.15)

Is LCW undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of LCW when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: LCW (€0.02) is trading below our estimate of fair value (€0.15)

Significantly Below Fair Value: LCW is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for LCW?

Key metric: As LCW is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for LCW. This is calculated by dividing LCW's market cap by their current earnings.
What is LCW's PE Ratio?
PE Ratio	10.7x
Earnings	Rp159.69b
Market Cap	Rp1.70t

LCW key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.7x
Enterprise Value/EBITDA	7.5x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does LCW's PE Ratio compare to its peers?

The above table shows the PE ratio for LCW vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	19.4x
FC9 FCR Immobilien	12.9x	8.8%	€95.2m
CRZK CR Energy	9.9x	39.8%	€122.8m
DEF DEFAMA Deutsche Fachmarkt	27.4x	0.2%	€143.0m
FFM1 Franconofurt	27.3x	n/a	€37.5m
LCW Lippo Cikarang	10.7x	n/a	€1.7t

Price-To-Earnings vs Peers: LCW is good value based on its Price-To-Earnings Ratio (10.7x) compared to the peer average (19.4x).

Price to Earnings Ratio vs Industry

How does LCW's PE Ratio compare vs other companies in the European Real Estate Industry?

29 Companies	Price / Earnings	Estimated Growth	Market Cap

29 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: LCW is good value based on its Price-To-Earnings Ratio (10.7x) compared to the European Real Estate industry average (18x).

Price to Earnings Ratio vs Fair Ratio

What is LCW's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

LCW PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	10.7x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate LCW's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

Discover undervalued companies

Tokyu Fudosan Holdings

JP¥706.4b

Engages in the real estate business in Japan and internationally.

T8F

JP¥6.10

4.3%

7.0%

Murapol

zł1.4b

Engages in the residential real estate development in Poland.

44L

zł7.57

3.8%

n/a

Pakuwon Jati

Rp20.4t

Operates as a real estate developer in Indonesia.

P04

Rp0.023

-2.1%

2.2%