PT Pakuwon Jati Tbk

DB:P04 Stock Report

Market Cap: €1.1b

Pakuwon Jati Valuation

Is P04 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • 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 P04 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: P04 (€0.02) is trading below our estimate of fair value (€0.03)

Significantly Below Fair Value: P04 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for P04?

Key metric: As P04 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for P04. This is calculated by dividing P04's market cap by their current earnings.
What is P04's PE Ratio?
PE Ratio8.2x
EarningsRp2.28t
Market CapRp18.69t

Price to Earnings Ratio vs Peers

How does P04's PE Ratio compare to its peers?

The above table shows the PE ratio for P04 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average32.1x
FC9 FCR Immobilien
13.9x8.8%€102.7m
SPB Sedlmayr Grund und Immobilien
60.3xn/a€829.8m
GWK3 GAG Immobilien
24.4xn/a€816.4m
DWB Dinkelacker
29.6xn/a€305.7m
P04 Pakuwon Jati
8.2x5.3%€18.7t

Price-To-Earnings vs Peers: P04 is good value based on its Price-To-Earnings Ratio (8.2x) compared to the peer average (32.1x).

Price to Earnings Ratio vs Industry

How does P04's PE Ratio compare vs other companies in the DE Real Estate Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
GTY Gateway Real Estate
0.4xn/aUS$96.82m
ADJ Adler Group
0.05xn/aUS$47.71m
AAA A.A.A. Allgemeine Anlageverwaltung
2.6xn/aUS$47.44m
N9H Global Connectivity
0.1xn/aUS$1.50m
No more companies available in this PE range
P04 8.2xIndustry Avg. 18.0xNo. of Companies4PE01224364860+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: P04 is good value based on its Price-To-Earnings Ratio (8.2x) compared to the European Real Estate industry average (18x).

Price to Earnings Ratio vs Fair Ratio

What is P04'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.

P04 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.2x
Fair PE Ratio12x

Price-To-Earnings vs Fair Ratio: P04 is good value based on its Price-To-Earnings Ratio (8.2x) compared to the estimated Fair Price-To-Earnings Ratio (12x).

Analyst Price Targets

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

The above table shows the analyst P04 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.021
€0.034
+68.1%
6.0%€0.038€0.031n/a13
Dec ’25€0.022
€0.034
+54.9%
6.5%€0.038€0.03n/a13
Nov ’25€0.025
€0.034
+39.1%
6.5%€0.038€0.03n/a13
Oct ’25€0.028
€0.034
+22.0%
6.6%€0.038€0.03n/a13
Sep ’25€0.025
€0.033
+29.3%
6.4%€0.037€0.03n/a13
Aug ’25€0.022
€0.032
+42.6%
5.1%€0.035€0.029n/a13
Jul ’25€0.018
€0.032
+73.7%
8.9%€0.035€0.024n/a15
Jun ’25€0.019
€0.032
+66.1%
9.3%€0.036€0.024n/a13
May ’25€0.02
€0.033
+66.5%
5.5%€0.036€0.03n/a12
Apr ’25€0.022
€0.033
+51.8%
8.0%€0.038€0.028n/a13
Mar ’25€0.021
€0.033
+55.5%
11.7%€0.038€0.023n/a14
Feb ’25€0.021
€0.033
+51.9%
11.7%€0.038€0.023n/a14
Jan ’25€0.024
€0.033
+40.8%
12.5%€0.038€0.023n/a14
Dec ’24€0.021
€0.033
+54.3%
12.7%€0.039€0.023€0.02213
Nov ’24€0.021
€0.034
+65.9%
12.8%€0.039€0.024€0.02512
Oct ’24€0.024
€0.034
+42.7%
12.4%€0.04€0.024€0.02813
Sep ’24€0.025
€0.035
+38.3%
12.9%€0.041€0.024€0.02514
Aug ’24€0.026
€0.035
+31.5%
13.7%€0.041€0.024€0.02214
Jul ’24€0.028
€0.035
+26.8%
13.7%€0.041€0.024€0.01814
Jun ’24€0.027
€0.035
+30.8%
13.2%€0.042€0.024€0.01914
May ’24€0.028
€0.036
+26.9%
13.4%€0.042€0.024€0.0214
Apr ’24€0.025
€0.036
+40.4%
12.8%€0.042€0.024€0.02214
Mar ’24€0.026
€0.036
+34.3%
12.5%€0.042€0.024€0.02115
Feb ’24€0.025
€0.036
+39.6%
12.5%€0.042€0.024€0.02115
Jan ’24€0.025
€0.036
+43.2%
13.6%€0.043€0.024€0.02415
Dec ’23€0.026
€0.037
+40.3%
13.0%€0.044€0.024€0.02115

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 11:38
End of Day Share Price 2024/12/19 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

PT Pakuwon Jati Tbk is covered by 30 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Igor NyomanBNP Paribas Securities (Asia)
Baruna ArkasatyoCGS International
Felicia BarusCitigroup Inc