Kokoh Exa Nusantara Valuation

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

KOCI (IDR50) is trading below our estimate of [[fair value]] (IDR54.33)

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: KOCI (IDR50) is trading below our estimate of fair value (IDR54.33)

Significantly Below Fair Value: KOCI is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for KOCI. This is calculated by dividing KOCI's market cap by their current earnings.
What is KOCI's PE Ratio?
PE Ratio	8.1x
Earnings	Rp27.22b
Market Cap	Rp220.78b

KOCI 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	2.4x
Enterprise Value/EBITDA	7.1x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for KOCI 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	27.7x
PAMG Bima Sakti Pertiwi	67.8x	n/a	Rp156.3b
PUDP Pudjiadi Prestige	18x	n/a	Rp131.2b
SWID Saraswanti Indoland Development	20.8x	n/a	Rp393.1b
GPRA Perdana Gapuraprima	4.3x	n/a	Rp406.3b
KOCI Kokoh Exa Nusantara	8.1x	n/a	Rp220.8b

Price-To-Earnings vs Peers: KOCI is good value based on its Price-To-Earnings Ratio (8.1x) compared to the peer average (27.7x).

Price to Earnings Ratio vs Industry

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

2 Companies	Price / Earnings	Estimated Growth	Market Cap
LPKR Lippo Karawaci	0.4x	-98.7%	US$500.11m
EMDE Megapolitan Developments	1.9x	n/a	US$27.86m

No more companies available in this PE range

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: KOCI is good value based on its Price-To-Earnings Ratio (8.1x) compared to the ID Real Estate industry average (12.1x).

Price to Earnings Ratio vs Fair Ratio

What is KOCI'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.

KOCI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	8.1x
Fair PE Ratio	n/a

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

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