Trimitra Propertindo Valuation

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

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate LAND's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate LAND's fair value for valuation analysis.

Key Valuation Metric

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

Key metric: As LAND is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for LAND. This is calculated by dividing LAND's market cap by their current revenue.
What is LAND's PS Ratio?
PS Ratio	1.1x
Sales	Rp39.45b
Market Cap	Rp41.89b

LAND 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	3.7x
Enterprise Value/EBITDA	33.7x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does LAND's PS Ratio compare to its peers?

The above table shows the PS ratio for LAND vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	5.7x
HBAT Minahasa Membangun Hebat	1.1x	n/a	Rp43.7b
BIKA Binakarya Jaya Abadi	0.1x	n/a	Rp32.6b
BAPA Bekasi Asri Pemula	19.1x	n/a	Rp36.4b
WINR Winner Nusantara Jaya	2.6x	n/a	Rp78.5b
LAND Trimitra Propertindo	1.1x	n/a	Rp41.9b

Price-To-Sales vs Peers: LAND is good value based on its Price-To-Sales Ratio (1.1x) compared to the peer average (5.7x).

Price to Sales Ratio vs Industry

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

9 Companies	Price / Sales	Estimated Growth	Market Cap
LPKR Lippo Karawaci	0.6x	-35.7%	US$491.18m
APLN Agung Podomoro Land	0.7x	n/a	US$147.30m
DILD Intiland Development	0.7x	n/a	US$111.02m
MDLN Modernland Realty	0.6x	n/a	US$41.85m

9 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: LAND is good value based on its Price-To-Sales Ratio (1.1x) compared to the ID Real Estate industry average (3x).

Price to Sales Ratio vs Fair Ratio

What is LAND's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

LAND PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.1x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate LAND's Price-To-Sales 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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