Ciputra Development Tbk

CTRA

+0.44%

Overview

CTRA Overview

PT Ciputra Development Tbk is an Indonesia-based holding company. The Company is engaged in the activities of real estate that is owned or leased, recreational area, industrial area, real estate on a fee or contract basis, headquarters, other management consultancy activity, leasing without the option of non-financial assets, golf course and sports center and bodybuilding. The Company’s segments include Real Estate, Rental and Others. The Residential business encompasses the development of housing and other properties for sale, including land provision, integrated regional development equipped with public infrastructure and facilities, sales and management of residential areas (landed houses) and the sale of apartments and strata titled office spaces (high rise). The Commercial Property business encompasses the development and management of shopping centers, hotels, apartments and office spaces for rent, as well as golf courses and hospitals.

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: CTRA

Main
Market Cap.
IDR 21.13Trillion

~$1.32B USD

Industry
Real Estate Management & Development
Sub-Industry
Real Estate Development & Management
Sector
Properties & Real Estate

Valuation

CTRA Valuation Metrics

1,140

IDR
+0.4%

Closing Price on 2024-05-22

Price to Equity

11.45

P/E

At 11.45x P/E TTM, CTRA.JK is trading at a premium to its peers in the Properties & Real Estate sector (avg 7.5x).

Price to Book

1.05

P/B

At 1.05x P/B TTM, CTRA.JK is trading at a premium to its peers in the Properties & Real Estate sector (avg 0.5x).

Price to Sales

2.29

P/S

At 2.29x P/S TTM, CTRA.JK is trading at a discount to its peers in the Properties & Real Estate sector.

Valuing Ciputra Development Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Properties & Real Estate sector

Historical Price to Earnings

Other Valuation Metrics

Valuing Ciputra Development Tbk relative to other stocks in the Properties & Real Estate sector

Price/Cash Flow
5.47x
Price/Forward Earnings
9.44x
Enterprise Value/Revenue
2.01x
Enterprise Value/EBITDA
5.21x
PEG Ratio
0.12x

Analyst Ratings

40
60
80
0
100

82.5

Recommended

Neutral

Not Recommended

Last closing: IDR1,1402024-05-22
IDR 1,125.17

Fairly Close to Intrinsic Value: Analyst's intrinsic value is of CTRA is IDR1,125, which is 0% lower than CTRA's last closing price of IDR1,140 (as of 2024-05-22).

Valuation Recap of CTRA stock
WeightNotesScore
High
The P/E ratio is calculated by dividing the market price of a company's stock by its earnings per share (EPS). It is a key tool for investors and analysts to assess whether a stock is overvalued, undervalued, or fairly valued. A P/E ratio of 11.45x is above the ID market average of 8.70x and is trading at a premium to peers in the Properties & Real Estate sector (7.55x).

High
The P/B ratio is calculated by dividing the market price of a company's stock by its book value per share (BVPS). It measures the company's stock value relative to its assets minus liabilities. A P/B ratio of 1.05x is above the peers average of 0.46x in the Properties & Real Estate sector. CTRA trades at a higher P/B ratio than >75% of its peers in the Properties & Real Estate sector.

Medium
The P/S ratio is calculated by dividing the market price of a company's stock by its sales per share. It measures the company's stock value relative to its sales. A P/S ratio of 2.29x is below the peers average of 2.84x in the Properties & Real Estate sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of CTRA's valuation relative to its current sales and future earnings growth. CTRA trades at a Forward P/E ratio of 9.44x, which is considered fairly undervalued by analysts.

Low
The Price/Cash Flow ratio (P/CF) is calculated by dividing the market price of a company's stock by its cash flow per share. It measures the company's stock value relative to its cash flow, and is sometimes said to be a more objective measure of a company's value because cash flows cannot be manipulated as easily as earnings, which considers non-cash items such as depreciation and amortization. CTRA's P/CF ratio of 5.47x is considered healthy by analysts.

Low
The Enterprise Value/Revenue ratio (EV/R) is calculated by dividing the enterprise value of a company by its revenue. It measures the company's enterprise value relative to its revenue. It is an indicator of how much it costs to buy the company's revenue; the lower the ratio, the cheaper the company's revenue. CTRA's EV/R ratio of 2.01x is considered fairly underpriced by the market The average EV/R ratio for the Properties & Real Estate sector is 3.39x.

Medium
Fairly Close to Intrinsic Value: Analyst's intrinsic value is of CTRA is IDR 1,125.17, which is 0% lower than CTRA's last closing price of IDR 1,140.00.

Peers

CTRA Peers and Comparison

Market Cap.

Peer Companies

Supertype Fuzzy Search
SymbolCompany Name
Market Cap
(in Trillion IDR)
Total Assets
(in Trillion IDR)
Total Revenue
(in Trillion IDR)
Profit and Loss
(in Trillion IDR)
P/E
P/B
MKPIMetropolitan Kentjana Tbk25.84T8.42T 2.29T 0.86T 29.963.89
CTRACiputra Development Tbk21.13T44.12T 9.25T 1.85T 11.451.05
BSDEPT Bumi Serpong Damai Tbk19.97T66.83T 11.54T 1.95T 10.270.55
PWONPakuwon Jati Tbk18.97T32.71T 6.20T 2.11T 9.010.99
MPROPT Maha Properti Indonesia Tbk.16.36T1.71T 0.01T -0.04T -419.8518.06
INPPIndonesian Paradise Property Tbk10.90T9.35T 1.10T 0.11T 103.832.04
RISEPT Jaya Sukses Makmur Sentosa Tbk.10.40T3.21T 0.28T 0.01T 798.995.04
PLINPlaza Indonesia Realty Tbk9.48T12.24T 1.30T 0.61T 15.450.87
SMRAPT Summarecon Agung Tbk9.16T31.17T 6.66T 0.77T 11.960.93
JRPTJaya Real Property Tbk8.91T13.21T 2.50T 1.00T 8.870.99
Competitiveness Recap of CTRA stock
WeightNotesScore
High
At a market cap of IDR 21,130.70 billion, CTRA.JK ranks 2 in Market Cap out of 10 companies in the Properties & Real Estate sector.

High
At a PE of 11.45, CTRA.JK ranks 6 out of 10 companies in the Properties & Real Estate sector for P/E value. The average PE is 57.99 (unadjusted). A high P/E ratio often indicates higher growth expectation, or other qualitative factors that led investors to believe that the company has a defensible competitive advantage compared to its peers in Properties & Real Estate. In this regard, it trails behind sector leaders such as PT Jaya Sukses Makmur Sentosa Tbk. (798.99) in the Properties & Real Estate sector.

Medium
At a PE of 11.45, CTRA.JK is trading at a higher PE than that of its subsector peers in Properties & Real Estate (median of 7.55). false

Medium
At a revenue of IDR 9.25 trillion, CTRA.JK ranks 2 in Revenue out of 10 companies in the Properties & Real Estate sector.

Medium
At a profit of IDR 1.85 trillion, CTRA.JK ranks 3 in Profit out of 10 companies in the Properties & Real Estate sector.

Future

Future Growth of CTRA

Growth Forecasts

CTRA 2024 Revenue Growth
+7.8%
CTRA 2025 Revenue Growth
+14.7%
CTRA 2024 EPS Growth
+12.2%
CTRA 2025 EPS Growth
+20.4%
Sector Revenue Growth
+9.5%
Properties & Real Estate
Indonesia Market Growth
+13.8%
IDX overall growth
Properties & Real Estate Sector Revenue Growth '24
+2.5%
Properties & Real Estate Sector Revenue Growth '25
+10.7%
Properties & Real Estate Sector Revenue Growth '24
+2.5%
Properties & Real Estate Sector Revenue Growth '25
+10.7%

Sector Benchmark

Properties & Real Estate companies in Indonesia are growing at a projected rate of 9.54% against the IDX average of +13.8%.

Properties & Real Estate sector overview

CTRA Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of CTRA
WeightNotesScore
High
CTRA's projected growth rate of 9.54% is below the ID market average of 13.80%.

High
The Properties & Real Estate sub-sector is projected to grow revenue by 10.70% in 2025. This number is higher than the previous year 2024's growth rate of 2.54%. This bodes well for CTRA's revenue growth prospects in the next 2 years.

Medium
The Properties & Real Estate sub-sector is projected to increase earnings by 26.47% in 2025. This number is higher than the previous year 2024's EPS growth of 14.11%. This bodes well for CTRA's earnings growth prospects in the next 2 years.

Medium
CTRA and its peers in the Properties & Real Estate sub-sector belongs to the Properties & Real Estate sector. Companies in the Properties & Real Estate sector are projected to have a fruitful year heading into 2025. Specifically, earnings are projected to increase by 26.47% in 2025 while revenue growth is projected to increase by 10.70%. These macroeconomic trends will likely be a tailwind for CTRA's earnings growth prospects in the next 2 years.

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Management

Executive Management

President Director

Candra Ciputra15.2 years
Budiarsa Sastrawinata
Director
Harun Hajadi
Director
Cakra Ciputra
Director
Agussurja Widjaja
Director
Artadinata Djangkar
Director
Mi Meiko Handoyo L
Director
Nanik J. Santoso
Director
Sutoto Yakobus
Director
Tulus Santoso
Director
NamePositionShares%
Harun HajadiDirector14,399,5600.08
Nanik Joeliawati SantosoDirector857,039< 0.01
Sutoto YakobusDirector174,942< 0.01
Tulus SantosoDirector355,237< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

CTRA Ownership

Others
30.43%
Insiders
53.4%
Institutions
16.17%
NameNumber of SharesOwnership (%)Value
Pt Sang Pelopor9,882,123,99853.3111,265.62B
Public (Scripless)7,963,415,82542.969,078.29B
Pihak Afiliasi Pengendali625,338,4953.37712.89B
Public (Scrip)49,030,1590.2755.89B
Harun Hajadi14,399,5600.0816.42B
Nanik Joeliawati Santoso857,0390.010.98B

Largest Institutional Buy

FIL Fund Management Limited
Bought 31-01-2024
+18,697,985 shares
HSBC Global Asset Management (HK) Ltd
Bought 31-01-2024
+18,532,300 shares
Public Mutual Berhad
Bought 31-01-2024
+16,601,371 shares

Largest Institutional Sell

GAM International Management Limited
Sold 31-01-2024
-54,549,800 shares
Fidelity Management & Research Company LLC
Sold 31-01-2024
-30,458,644 shares
Danske Bank Asset Management
Sold 31-01-2024
-11,200,000 shares

Institutional Transactions

Tracking institutional transactions buying / selling of CTRA stock