Megapolitan Developments Valuation

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

Below Fair Value: EMDE (IDR137) is trading below our estimate of fair value (IDR5305.25)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for EMDE. This is calculated by dividing EMDE's market cap by their current earnings.
What is EMDE's PE Ratio?
PE Ratio	2x
Earnings	Rp233.56b
Market Cap	Rp458.95b

EMDE 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	0.7x
Enterprise Value/EBITDA	1.7x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for EMDE 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	9.8x
URBN Urban Jakarta Propertindo	4.6x	n/a	Rp427.4b
AMAN Makmur Berkah Amanda	6.6x	n/a	Rp422.2b
GPRA Perdana Gapuraprima	4.3x	n/a	Rp406.3b
CITY Natura City Developments	23.6x	n/a	Rp621.6b
EMDE Megapolitan Developments	2x	n/a	Rp459.0b

Price-To-Earnings vs Peers: EMDE is good value based on its Price-To-Earnings Ratio (2x) compared to the peer average (10.3x).

Price to Earnings Ratio vs Industry

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

2 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	12.1x	-4.0%
EMDE Megapolitan Developments	2x	n/a	US$28.91m
LPKR Lippo Karawaci	0.4x	-98.7%	US$477.78m

No more companies available in this PE range

2 Companies		Estimated Growth	Market Cap
Industry Avg.	12.1x	-4.0%
EMDE Megapolitan Developments	2x	n/a	US$28.91m

No more companies

Price-To-Earnings vs Industry: EMDE is good value based on its Price-To-Earnings Ratio (2x) compared to the ID Real Estate industry average (12.8x).

Price to Earnings Ratio vs Fair Ratio

What is EMDE'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.

EMDE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	2x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate EMDE'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

Graha Mitra Asia

Rp103.1b

Provides real estate and property development services in Indonesia.

RELF

Rp17.00

-54.1%

Bumi Serpong Damai

Rp21.0t

Engages in the real estate development activities in Indonesia.

BSDE

Rp1,005.00

-3.4%

-2.9%

Kawasan Industri Jababeka

Rp3.9t

Engages in the real estate development activities in Indonesia and the Netherlands.

KIJA

Rp189.00

2.2%

50.0%