Lippo Karawaci Valuation

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

LPKR (IDR107) is trading below our estimate of [[fair value]] (IDR534.59)

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: LPKR (IDR107) is trading below our estimate of fair value (IDR534.59)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for LPKR. This is calculated by dividing LPKR's market cap by their current earnings.
What is LPKR's PE Ratio?
PE Ratio	0.4x
Earnings	Rp17.98t
Market Cap	Rp7.58t

LPKR 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	1x
Enterprise Value/EBITDA	6.9x
PEG Ratio	-0.004x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for LPKR 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	10.5x
DMAS Puradelta Lestari	4.5x	-2.3%	Rp7.7t
JRPT Jaya Real Property	7.8x	n/a	Rp8.4t
SMRA Summarecon Agung	8.7x	-6.4%	Rp9.4t
BKSL Sentul City	21.1x	n/a	Rp6.9t
LPKR Lippo Karawaci	0.4x	-98.7%	Rp7.6t

Price-To-Earnings vs Peers: LPKR is good value based on its Price-To-Earnings Ratio (0.4x) compared to the peer average (10.5x).

Price to Earnings Ratio vs Industry

How does LPKR'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%
LPKR Lippo Karawaci	0.4x	-98.7%	US$477.78m
EMDE Megapolitan Developments	2x	n/a	US$28.91m

No more companies available in this PE range

2 Companies		Estimated Growth	Market Cap
Industry Avg.	12.1x	-4.0%
LPKR Lippo Karawaci	0.4x	-98.7%	US$477.78m

No more companies

Price-To-Earnings vs Industry: LPKR is good value based on its Price-To-Earnings Ratio (0.4x) compared to the ID Real Estate industry average (12.8x).

Price to Earnings Ratio vs Fair Ratio

What is LPKR'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.

LPKR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	0.4x
Fair PE Ratio	1.4x

Price-To-Earnings vs Fair Ratio: LPKR is good value based on its Price-To-Earnings Ratio (0.4x) compared to the estimated Fair Price-To-Earnings Ratio (1.4x).

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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