PT Ciputra Development Tbk

IDX:CTRA Stock Report

Market Cap: Rp10.7t

Ciputra Development Valuation

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

Valuation Score

6/6

Valuation Score 6/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

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

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: CTRA (IDR575) is trading below our estimate of future cash flow value (IDR1181.7)

Significantly Below Future Cash Flow Value: CTRA is trading below future cash flow value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for CTRA. This is calculated by dividing CTRA's market cap by their current earnings.
What is CTRA's PE Ratio?
PE Ratio4.2x
EarningsRp2.52t
Market CapRp10.66t

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CTRA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average32x
RISE Jaya Sukses Makmur Sentosa
100.3xn/aRp16.8t
BSDE Bumi Serpong Damai
4.9x3.27%Rp12.4t
JRPT Jaya Real Property
10.3xn/aRp13.9t
BKSL Sentul City
12.4xn/aRp10.7t
CTRA Ciputra Development
4.2x-0.29%Rp10.7t

Price-To-Earnings vs Peers: CTRA is good value based on its Price-To-Earnings Ratio (4.2x) compared to the peer average (32x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

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

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.17.7x7.7%
CTRA Ciputra Development
 4.2x-0.29%US$596.85m
BSDE Bumi Serpong Damai
4.9x3.27%US$696.83m
PWON Pakuwon Jati
4.9x4.10%US$668.84m
CTRA 4.2xIndustry Avg. 17.7xNo. of Companies13PE020406080100+
5 CompaniesEstimated GrowthMarket Cap
Industry Avg.17.7x7.7%
CTRA Ciputra Development
 4.2x-0.29%US$596.85m
No more companies

Price-To-Earnings vs Industry: CTRA is good value based on its Price-To-Earnings Ratio (4.2x) compared to the ID Real Estate industry average (17.7x).

Price to Earnings Ratio vs Fair Ratio

What is CTRA'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.

CTRA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.2x
Fair PE Ratio7.1x

Price-To-Earnings vs Fair Ratio: CTRA is good value based on its Price-To-Earnings Ratio (4.2x) compared to the estimated Fair Price-To-Earnings Ratio (7.1x).

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 CTRA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRp575.00
Rp1,152.22
+100.39%
10.64%Rp1,300.00Rp865.00n/a9
Jun ’27Rp645.00
Rp1,152.22
+78.64%
10.64%Rp1,300.00Rp865.00n/a9
May ’27Rp690.00
Rp1,152.22
+66.99%
10.64%Rp1,300.00Rp865.00n/a9
Apr ’27Rp710.00
Rp1,225.56
+72.61%
13.22%Rp1,500.00Rp865.00n/a9
Mar ’27Rp770.00
Rp1,274.50
+65.52%
8.40%Rp1,500.00Rp1,100.00n/a10
Feb ’27Rp830.00
Rp1,342.27
+61.72%
12.66%Rp1,660.00Rp1,100.00n/a11
Jan ’27Rp830.00
Rp1,362.92
+64.21%
11.56%Rp1,660.00Rp1,100.00n/a12
Dec ’26Rp860.00
Rp1,362.92
+58.48%
11.56%Rp1,660.00Rp1,100.00n/a12
Nov ’26Rp885.00
Rp1,387.92
+56.83%
12.17%Rp1,660.00Rp1,100.00n/a12
Oct ’26Rp905.00
Rp1,366.36
+50.98%
14.75%Rp1,660.00Rp950.00n/a11
Sep ’26Rp985.00
Rp1,379.09
+40.01%
14.42%Rp1,660.00Rp950.00n/a11
Aug ’26Rp900.00
Rp1,393.33
+54.81%
14.96%Rp1,660.00Rp950.00n/a12
Jul ’26Rp965.00
Rp1,404.50
+45.54%
14.01%Rp1,660.00Rp950.00n/a14
Jun ’26Rp985.00
Rp1,404.20
+42.56%
13.54%Rp1,660.00Rp950.00Rp645.0015
May ’26Rp920.00
Rp1,377.53
+49.73%
16.04%Rp1,700.00Rp950.00Rp690.0015
Apr ’26Rp750.00
Rp1,430.53
+90.74%
15.73%Rp1,700.00Rp950.00Rp710.0015
Mar ’26Rp795.00
Rp1,442.87
+81.49%
14.77%Rp1,700.00Rp950.00Rp770.0015
Feb ’26Rp985.00
Rp1,488.43
+51.11%
14.38%Rp1,700.00Rp950.00Rp830.0014
Jan ’26Rp980.00
Rp1,549.08
+58.07%
8.90%Rp1,700.00Rp1,165.00Rp830.0013
Dec ’25Rp1,070.00
Rp1,561.38
+45.92%
8.64%Rp1,700.00Rp1,165.00Rp860.0013
Nov ’25Rp1,280.00
Rp1,546.00
+20.78%
10.35%Rp1,730.00Rp1,165.00Rp885.0013
Oct ’25Rp1,350.00
Rp1,504.00
+11.41%
11.39%Rp1,730.00Rp1,165.00Rp905.0013
Sep ’25Rp1,300.00
Rp1,504.00
+15.69%
11.39%Rp1,730.00Rp1,165.00Rp985.0013
Aug ’25Rp1,260.00
Rp1,443.23
+14.54%
11.28%Rp1,700.00Rp1,165.00Rp900.0013
Jul ’25Rp1,130.00
Rp1,417.47
+25.44%
11.21%Rp1,700.00Rp1,150.00Rp965.0015
Jun ’25Rp1,100.00
Rp1,410.13
+28.19%
11.10%Rp1,700.00Rp1,150.00Rp985.0016
Rp1.15k
Fair Value
50.1% undervalued intrinsic discount
9
Number of Analysts

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 Analysis2026/06/10 17:29
End of Day Share Price 2026/06/10 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

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 Github.

Analyst Sources

PT Ciputra Development Tbk is covered by 26 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Baruna ArkasatyoCGS International
Hadi SoegiartoCGS International
Ferry WongCitigroup Inc