Pakuwon Jati Valuation

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

Below Fair Value: PWON (IDR406) is trading below our estimate of fair value (IDR473.64)

Significantly Below Fair Value: PWON 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 PWON?

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

The above table shows the Price to Earnings ratio for PWON. This is calculated by dividing PWON's market cap by their current earnings.
What is PWON's PE Ratio?
PE Ratio8.6x
EarningsRp2.28t
Market CapRp19.55t

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for PWON vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average9.9x
DUTI Duta Pertiwi
8.6xn/aRp7.3t
KIJA Kawasan Industri Jababeka
5.5xn/aRp4.0t
GMTD Gowa Makassar Tourism Development
15.5xn/aRp3.5t
LPCK Lippo Cikarang
10.1xn/aRp1.6t
PWON Pakuwon Jati
8.6x5.3%Rp19.6t

Price-To-Earnings vs Peers: PWON is good value based on its Price-To-Earnings Ratio (8.6x) compared to the peer average (9.9x).


Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
LPKR Lippo Karawaci
0.4x-98.7%US$473.32m
EMDE Megapolitan Developments
1.7xn/aUS$24.90m
WINR Winner Nusantara Jaya
2.9xn/aUS$4.29m
No more companies available in this PE range
PWON 8.6xIndustry Avg. 12.1xNo. of Companies10PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PWON is good value based on its Price-To-Earnings Ratio (8.6x) compared to the ID Real Estate industry average (12.1x).


Price to Earnings Ratio vs Fair Ratio

What is PWON'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.

PWON PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.6x
Fair PE Ratio8.2x

Price-To-Earnings vs Fair Ratio: PWON is expensive based on its Price-To-Earnings Ratio (8.6x) compared to the estimated Fair Price-To-Earnings Ratio (8.2x).


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 PWON forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRp406.00
Rp580.77
+43.0%
6.5%Rp645.00Rp515.00n/a13
Nov ’25Rp466.00
Rp580.77
+24.6%
6.5%Rp645.00Rp515.00n/a13
Oct ’25Rp530.00
Rp576.92
+8.9%
6.6%Rp645.00Rp515.00n/a13
Sep ’25Rp476.00
Rp571.15
+20.0%
6.4%Rp640.00Rp515.00n/a13
Aug ’25Rp442.00
Rp565.38
+27.9%
5.1%Rp610.00Rp515.00n/a13
Jul ’25Rp376.00
Rp563.33
+49.8%
8.9%Rp620.00Rp420.00n/a15
Jun ’25Rp394.00
Rp565.38
+43.5%
9.3%Rp620.00Rp420.00n/a13
May ’25Rp402.00
Rp576.67
+43.4%
5.5%Rp620.00Rp520.00n/a12
Apr ’25Rp428.00
Rp570.15
+33.2%
8.0%Rp650.00Rp482.00n/a13
Mar ’25Rp408.00
Rp555.86
+36.2%
11.7%Rp650.00Rp390.00n/a14
Feb ’25Rp414.00
Rp555.86
+34.3%
11.7%Rp650.00Rp390.00n/a14
Jan ’25Rp454.00
Rp561.64
+23.7%
12.5%Rp650.00Rp390.00n/a14
Dec ’24Rp416.00
Rp557.15
+33.9%
12.7%Rp650.00Rp390.00Rp418.0013
Nov ’24Rp392.00
Rp563.58
+43.8%
12.8%Rp650.00Rp390.00Rp466.0012
Oct ’24Rp438.00
Rp562.54
+28.4%
12.4%Rp650.00Rp390.00Rp530.0013
Sep ’24Rp452.00
Rp570.93
+26.3%
12.9%Rp680.00Rp390.00Rp476.0014
Aug ’24Rp478.00
Rp571.29
+19.5%
13.7%Rp680.00Rp390.00Rp442.0014
Jul ’24Rp488.00
Rp571.29
+17.1%
13.7%Rp680.00Rp390.00Rp376.0014
Jun ’24Rp468.00
Rp565.93
+20.9%
13.2%Rp680.00Rp390.00Rp394.0014
May ’24Rp486.00
Rp575.93
+18.5%
13.4%Rp680.00Rp390.00Rp402.0014
Apr ’24Rp454.00
Rp581.79
+28.1%
12.8%Rp680.00Rp390.00Rp428.0014
Mar ’24Rp464.00
Rp582.47
+25.5%
12.5%Rp680.00Rp390.00Rp408.0015
Feb ’24Rp446.00
Rp582.47
+30.6%
12.5%Rp680.00Rp390.00Rp414.0015
Jan ’24Rp456.00
Rp592.13
+29.9%
13.6%Rp705.00Rp390.00Rp454.0015
Dec ’23Rp474.00
Rp598.13
+26.2%
13.0%Rp705.00Rp390.00Rp416.0015

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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