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Ristia Bintang Mahkotasejati IDX:RBMS Stock Report

Last Price


Market Cap







24 Sep, 2022


Company Financials
RBMS fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance0/6
Financial Health4/6

RBMS Stock Overview

PT Ristia Bintang Mahkotasejati Tbk, together with its subsidiaries, develops housing projects in Indonesia.

Ristia Bintang Mahkotasejati Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Ristia Bintang Mahkotasejati
Historical stock prices
Current Share PriceRp54.00
52 Week HighRp119.00
52 Week LowRp50.00
1 Month Change8.00%
3 Month Change0%
1 Year Change8.00%
3 Year Change-42.55%
5 Year Change-44.33%
Change since IPO-91.36%

Recent News & Updates

Shareholder Returns

RBMSID Real EstateID Market

Return vs Industry: RBMS exceeded the ID Real Estate industry which returned -13.5% over the past year.

Return vs Market: RBMS underperformed the ID Market which returned 14.7% over the past year.

Price Volatility

Is RBMS's price volatile compared to industry and market?
RBMS volatility
RBMS Average Weekly Movement4.9%
Real Estate Industry Average Movement5.4%
Market Average Movement5.5%
10% most volatile stocks in ID Market11.6%
10% least volatile stocks in ID Market2.7%

Stable Share Price: RBMS is not significantly more volatile than the rest of ID stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: RBMS's weekly volatility has decreased from 12% to 5% over the past year.

About the Company

1985135Deddy Indrasetiawan

PT Ristia Bintang Mahkotasejati Tbk, together with its subsidiaries, develops housing projects in Indonesia. The company sells residential properties and land plots. It develops housing projects under the name of Bintang Metropol in Bekasi, Mahkota Simprug in Tangerang, and Saung Riung in Karawang, as well as operates a hotel under the Hotel Le Meridien name in Jimbaran, Bali.

Ristia Bintang Mahkotasejati Fundamentals Summary

How do Ristia Bintang Mahkotasejati's earnings and revenue compare to its market cap?
RBMS fundamental statistics
Market CapRp143.44b
Earnings (TTM)-Rp33.37b
Revenue (TTM)Rp55.98b


P/S Ratio


P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RBMS income statement (TTM)
Cost of RevenueRp28.04b
Gross ProfitRp27.94b
Other ExpensesRp61.31b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date


Earnings per share (EPS)-12.56
Gross Margin49.91%
Net Profit Margin-59.62%
Debt/Equity Ratio30.7%

How did RBMS perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.


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

Valuation Score


Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

RBMS 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/Revenue5x
Enterprise Value/EBITDA-25.5x
PEG Ration/a

Price to Sales Ratio vs Peers

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

RBMS PS Ratio vs Peers
The above table shows the PS ratio for RBMS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average6x
BAPA Bekasi Asri Pemula
BCIP Bumi Citra Permai
SATU Kota Satu Properti
HOTL PT. Saraswati Griya Lestari
RBMS Ristia Bintang Mahkotasejati

Price-To-Sales vs Peers: RBMS is good value based on its Price-To-Sales Ratio (2.6x) compared to the peer average (6x).

Price to Earnings Ratio vs Industry

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

Price-To-Sales vs Industry: RBMS is good value based on its Price-To-Sales Ratio (2.6x) compared to the ID Real Estate industry average (4.6x)

Price to Sales Ratio vs Fair Ratio

What is RBMS'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.

RBMS PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.6x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate RBMS's Price-To-Sales Fair Ratio for valuation analysis.

Share Price vs Fair Value

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

Below Fair Value: RBMS (IDR54) is trading above our estimate of fair value (IDR41.67)

Significantly Below Fair Value: RBMS is trading above our estimate of fair value.

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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Future Growth

How is Ristia Bintang Mahkotasejati forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted Real Estate industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Ristia Bintang Mahkotasejati has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

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Past Performance

How has Ristia Bintang Mahkotasejati performed over the past 5 years?

Past Performance Score


Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: RBMS is currently unprofitable.

Growing Profit Margin: RBMS is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: RBMS is unprofitable, and losses have increased over the past 5 years at a rate of 51.4% per year.

Accelerating Growth: Unable to compare RBMS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: RBMS is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-1.9%).

Return on Equity

High ROE: RBMS has a negative Return on Equity (-6.34%), as it is currently unprofitable.

Discover strong past performing companies

Financial Health

How is Ristia Bintang Mahkotasejati's financial position?

Financial Health Score


Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: RBMS's short term assets (IDR97.1B) exceed its short term liabilities (IDR36.5B).

Long Term Liabilities: RBMS's short term assets (IDR97.1B) do not cover its long term liabilities (IDR182.9B).

Debt to Equity History and Analysis

Debt Level: RBMS's net debt to equity ratio (24.7%) is considered satisfactory.

Reducing Debt: RBMS's debt to equity ratio has increased from 10.7% to 30.7% over the past 5 years.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable RBMS has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: RBMS is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 1.7% per year.

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What is Ristia Bintang Mahkotasejati current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate RBMS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate RBMS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if RBMS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if RBMS's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as RBMS has not reported any payouts.

Discover strong dividend paying companies


How experienced are the management team and are they aligned to shareholders interests?


Average board tenure


Deddy Indrasetiawan (44 yo)



Mr. Deddy Indrasetiawan serves as President Director at PT Ristia Bintang Mahkotasejati Tbk since May 2021. Starting his career as a Manager PT Nusantara Almazia Tbk from 2006 to 2008. Then served as Presi...

Board Members

Experienced Board: RBMS's board of directors are considered experienced (4.2 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 3 shareholders own 52.46% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
Richard Wiriahardja
1,378,060,918IDR74.4b0%no data
Michella Ristiadewi
11,454,901IDR618.6m0%no data
Maria Tulolo
3,955,810IDR213.6m0%no data

Company Information

PT Ristia Bintang Mahkotasejati Tbk's employee growth, exchange listings and data sources

Key Information

  • Name: PT Ristia Bintang Mahkotasejati Tbk
  • Ticker: RBMS
  • Exchange: IDX
  • Founded: 1985
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Implied Market Cap: Rp143.435b
  • Shares outstanding: 2.66b
  • Website:

Number of Employees


  • PT Ristia Bintang Mahkotasejati Tbk
  • Gedung Ribens Autocars
  • lantai III Jl. RS Fatmawati No. 188
  • Jakarta
  • Jakarta Raya
  • 12420
  • Indonesia


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RBMSIDX (Indonesia Stock Exchange)YesSeries A SharesIDIDRDec 1997

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/24 00:00
End of Day Share Price2022/09/23 00:00
Annual Earnings2021/12/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.