PP (Persero) Valuation

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

Below Fair Value: PTPP (IDR446) is trading below our estimate of fair value (IDR2583.7)

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


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

PTPP 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/Revenue1.2x
Enterprise Value/EBITDA21.6x
PEG Ratio-0.2x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for PTPP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20.9x
BUKK Bukaka Teknik Utama
3.6xn/aRp2.6t
BDKR Berdikari Pondasi Perkasa
59.4xn/aRp4.4t
ADHI Adhi Karya (Persero)
11x17.2%Rp2.4t
TOTL Total Bangun Persada
9.6xn/aRp2.1t
PTPP PP (Persero)
5.2x-33.8%Rp2.8t

Price-To-Earnings vs Peers: PTPP is good value based on its Price-To-Earnings Ratio (5.2x) compared to the peer average (20.8x).


Price to Earnings Ratio vs Industry

How does PTPP's PE Ratio compare vs other companies in the ID Construction Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a15.2%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a15.2%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: PTPP is good value based on its Price-To-Earnings Ratio (5.2x) compared to the ID Construction industry average (15.9x).


Price to Earnings Ratio vs Fair Ratio

What is PTPP'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.

PTPP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.3x
Fair PE Ratio3.6x

Price-To-Earnings vs Fair Ratio: PTPP is expensive based on its Price-To-Earnings Ratio (5.2x) compared to the estimated Fair Price-To-Earnings Ratio (3.6x).


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.


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