Financials PT Pembangunan Perumahan Properti Tbk

Equities

PPRO

ID1000133903

Real Estate Development & Operations

End-of-day quote INDONESIA S.E. 06:00:00 2024-05-02 pm EDT 5-day change 1st Jan Change
13 IDR -7.14% Intraday chart for PT Pembangunan Perumahan Properti Tbk -13.33% -74.00%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 7,216,054 4,193,946 5,797,513 3,577,189 3,083,784 3,083,784
Enterprise Value (EV) 1 12,866,788 11,680,668 15,015,743 13,141,305 13,506,721 12,249,479
P/E ratio 14.6 x 11.7 x 62.2 x 168 x 148 x -2.3 x
Yield - - - - - -
Capitalization / Revenue 2.82 x 1.67 x 2.79 x 4.15 x 1.81 x 3.14 x
EV / Revenue 5.03 x 4.65 x 7.24 x 15.2 x 7.92 x 12.5 x
EV / EBITDA 21.9 x 19.5 x 43.3 x 223 x 59.4 x -40.8 x
EV / FCF -6.25 x -9.04 x -9.16 x -4.36 x -20.8 x 11.8 x
FCF Yield -16% -11.1% -10.9% -22.9% -4.8% 8.45%
Price to Book 1.37 x 0.76 x 1.45 x 0.9 x 0.77 x 1.15 x
Nbr of stocks (in thousands) 61,675,672 61,675,672 61,675,672 61,675,672 61,675,672 61,675,672
Reference price 2 117.0 68.00 94.00 58.00 50.00 50.00
Announcement Date 3/14/19 3/17/20 3/17/21 3/11/22 3/13/23 4/11/24
1IDR in Million2IDR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,556,175 2,510,417 2,075,242 862,465 1,704,678 983,511
EBITDA 1 586,667 598,090 347,024 59,028 227,217 -300,422
EBIT 1 514,620 504,515 270,153 40,027 189,207 -329,535
Operating Margin 20.13% 20.1% 13.02% 4.64% 11.1% -33.51%
Earnings before Tax (EBT) 1 565,768 425,951 160,154 44,747 66,631 -1,231,454
Net income 1 471,258 342,695 89,049 20,358 19,942 -1,279,974
Net margin 18.44% 13.65% 4.29% 2.36% 1.17% -130.14%
EPS 2 7.997 5.816 1.511 0.3455 0.3384 -21.72
Free Cash Flow 1 -2,059,839 -1,291,662 -1,638,651 -3,015,426 -648,272 1,034,558
FCF margin -80.58% -51.45% -78.96% -349.63% -38.03% 105.19%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 3/14/19 3/17/20 3/17/21 3/11/22 3/13/23 4/11/24
1IDR in Million2IDR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 5,650,734 7,486,722 9,218,230 9,564,116 10,422,938 9,165,696
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 9.632 x 12.52 x 26.56 x 162 x 45.87 x -30.51 x
Free Cash Flow 1 -2,059,839 -1,291,662 -1,638,651 -3,015,426 -648,272 1,034,558
ROE (net income / shareholders' equity) 9.18% 6.04% 2.35% 0.47% 0.54% -32.7%
ROA (Net income/ Total Assets) 2.22% 1.75% 0.92% 0.13% 0.55% -0.99%
Assets 1 21,271,897 19,596,021 9,650,893 16,105,701 3,617,219 128,977,646
Book Value Per Share 2 85.50 89.90 65.00 64.20 64.70 43.60
Cash Flow per Share 2 8.980 8.370 6.500 27.40 24.00 12.60
Capex 1 122,193 393,355 277,083 159,203 90,957 -
Capex / Sales 4.78% 15.67% 13.35% 18.46% 5.34% -
Announcement Date 3/14/19 3/17/20 3/17/21 3/11/22 3/13/23 4/11/24
1IDR in Million2IDR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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