Financials PT Mega Manunggal Property Tbk

Equities

MMLP

ID1000134307

Real Estate Development & Operations

End-of-day quote INDONESIA S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
274 IDR +2.24% Intraday chart for PT Mega Manunggal Property Tbk 0.00% -8.05%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,582,350 1,364,049 2,052,962 3,892,361 3,265,450 2,052,962
Enterprise Value (EV) 1 4,010,194 2,029,819 1,474,408 3,913,303 3,004,152 2,907,099
P/E ratio 16.3 x 12.4 x -13.5 x 19.6 x 30.5 x 22.9 x
Yield - - - - - -
Capitalization / Revenue 12 x 4.08 x 6 x 10.9 x 8.73 x 5.62 x
EV / Revenue 13.4 x 6.08 x 4.31 x 11 x 8.03 x 7.96 x
EV / EBITDA 18.2 x 8.14 x 6.33 x 15.8 x 11.5 x 11.1 x
EV / FCF 72.9 x 29 x 11.6 x -335 x 8.6 x 4.71 x
FCF Yield 1.37% 3.45% 8.62% -0.3% 11.6% 21.2%
Price to Book 0.89 x 0.33 x 0.52 x 0.93 x 0.76 x 0.46 x
Nbr of stocks (in thousands) 6,889,135 6,889,135 6,889,135 6,889,135 6,889,135 6,889,135
Reference price 2 520.0 198.0 298.0 565.0 474.0 298.0
Announcement Date 3/29/19 3/31/20 8/2/21 5/30/22 4/1/23 4/4/24
1IDR in Million2IDR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 299,234 333,987 342,058 356,265 374,230 365,112
EBITDA 1 220,051 249,507 232,806 248,055 262,060 262,715
EBIT 1 216,299 245,425 229,816 246,812 260,580 261,550
Operating Margin 72.28% 73.48% 67.19% 69.28% 69.63% 71.64%
Earnings before Tax (EBT) 1 311,325 307,524 -55,545 392,185 226,591 147,788
Net income 1 220,471 113,179 -151,859 198,853 107,228 92,324
Net margin 73.68% 33.89% -44.4% 55.82% 28.65% 25.29%
EPS 2 32.00 16.00 -22.04 28.86 15.56 13.00
Free Cash Flow 1 54,994 69,968 127,061 -11,678 349,384 617,216
FCF margin 18.38% 20.95% 37.15% -3.28% 93.36% 169.05%
FCF Conversion (EBITDA) 24.99% 28.04% 54.58% - 133.32% 234.94%
FCF Conversion (Net income) 24.94% 61.82% - - 325.83% 668.53%
Dividend per Share - - - - - -
Announcement Date 3/29/19 3/31/20 8/2/21 5/30/22 4/1/23 4/4/24
1IDR in Million2IDR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 427,844 665,771 - 20,942 - 854,137
Net Cash position 1 - - 578,555 - 261,298 -
Leverage (Debt/EBITDA) 1.944 x 2.668 x - 0.0844 x - 3.251 x
Free Cash Flow 1 54,994 69,968 127,061 -11,678 349,384 617,216
ROE (net income / shareholders' equity) 5.64% 5.01% -1.56% 6.15% 3.15% 2.11%
ROA (Net income/ Total Assets) 2.36% 2.39% 2.13% 2.23% 2.21% 2.28%
Assets 1 9,340,805 4,739,677 -7,126,839 8,916,393 4,853,470 4,051,778
Book Value Per Share 2 581.0 598.0 576.0 605.0 620.0 642.0
Cash Flow per Share 2 22.10 18.80 182.0 112.0 209.0 81.00
Capex 1 3,964 544 719 304 4,151 2,802
Capex / Sales 1.32% 0.16% 0.21% 0.09% 1.11% 0.77%
Announcement Date 3/29/19 3/31/20 8/2/21 5/30/22 4/1/23 4/4/24
1IDR in Million2IDR
Estimates
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