Rockfields Properti Indonesia Valuation

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

Below Fair Value: ROCK (IDR278) is trading below our estimate of fair value (IDR464.48)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ROCK. This is calculated by dividing ROCK's market cap by their current earnings.
What is ROCK's PE Ratio?
PE Ratio	13.9x
Earnings	Rp28.61b
Market Cap	Rp398.98b

ROCK 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	4.1x
Enterprise Value/EBITDA	6.3x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ROCK 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	37.1x
LPLI Star Pacific	3.9x	n/a	Rp304.3b
INDO Royalindo Investa Wijaya	23.6x	n/a	Rp460.2b
NASA Andalan Perkasa Abadi	17.7x	n/a	Rp165.1b
POLI Pollux Hotels Group	103.1x	n/a	Rp1.6t
ROCK Rockfields Properti Indonesia	13.9x	n/a	Rp399.0b

Price-To-Earnings vs Peers: ROCK is good value based on its Price-To-Earnings Ratio (13.9x) compared to the peer average (37.1x).

Price to Earnings Ratio vs Industry

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

3 Companies	Price / Earnings	Estimated Growth	Market Cap
LPKR Lippo Karawaci	0.4x	-98.7%	US$486.71m
EMDE Megapolitan Developments	1.9x	n/a	US$27.23m
WINR Winner Nusantara Jaya	2.9x	n/a	US$4.29m

No more companies available in this PE range

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: ROCK is expensive based on its Price-To-Earnings Ratio (13.9x) compared to the ID Real Estate industry average (12.1x).

Price to Earnings Ratio vs Fair Ratio

What is ROCK'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.

ROCK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	13.9x
Fair PE Ratio	n/a

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