Gowa Makassar Tourism Development Tbk

GMTD

-0.39%

Overview

GMTD Overview

PT Gowa Makassar Tourism Development Tbk is an Indonesia-based company, which is engaged in investment and real estate and property development. The Company operates through two business segments: the real estate sector, which includes the sale of housing units, shop houses and ready-to-build land (kaveling), as well as supporting segments consisting of the management of Akkarena Beach Recreation Area and Township management. It focuses on Makassar, Indonesia as its operational area. The Company is a developer of an integrated residential, commercial, business and tourism area located in Tanjung Bunga, Makassar City with an area of approximately 1,000 Ha located in the southwest city of Makassar, South Sulawesi. The Company’s wholly owned subsidiaries include PT Kenanga Elok Asri and PT Griya Eksotika Utama.

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: GMTD

Watchlist
Market Cap.
IDR 6.60Trillion

~$405.21M USD

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

Valuation

GMTD Valuation Metrics

6,400

IDR
-0.4%

Closing Price on 2024-06-14

Price to Equity

29.69

P/E

At 29.69x P/E TTM, GMTD.JK is trading at a premium to its peers in the Properties & Real Estate sector (avg 4.0x).

Price to Book

8.08

P/B

At 8.08x P/B TTM, GMTD.JK is trading at a premium to its peers in the Properties & Real Estate sector (avg 0.5x).

Price to Sales

12.13

P/S

At 12.13x P/S TTM, GMTD.JK is trading at a premium to its peers in the Properties & Real Estate sector (avg 2.6x).

Valuing Gowa Makassar Tourism 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 Gowa Makassar Tourism Development Tbk relative to other stocks in the Properties & Real Estate sector

Price/Cash Flow
208.67x
Price/Forward Earnings
-
Enterprise Value/Revenue
12.10x
Enterprise Value/EBITDA
25.91x
PEG Ratio
0.09x

Analyst Ratings

No analyst ratings available yet.

Last closing: IDR6,4002024-06-14
IDR 262.53

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of GMTD is IDR263, which is 95% lower than GMTD's last closing price of IDR6,400 (as of 2024-06-14).

Valuation Recap of GMTD 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 29.69x is above the ID market average of 8.07x and is trading at a premium to peers in the Properties & Real Estate sector (3.99x). In fact, less than 25% of its peers trade at a higher P/E ratio than GMTD.

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 8.08x is above the peers average of 0.46x in the Properties & Real Estate sector. GMTD 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 12.13x is above the peers average of 2.63x in the Properties & Real Estate sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of GMTD's valuation relative to its current sales and future earnings growth.

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. GMTD's P/CF ratio of 208.67x is considered a relatively high ratio 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. GMTD's EV/R ratio of 12.10x is considered a relatively high ratio The average EV/R ratio for the Properties & Real Estate sector is 3.41x.

Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of GMTD is IDR 262.53, which is 95% lower than GMTD's last closing price of IDR 6,400.00.

Peers

GMTD 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 Tbk25.62T8.65T 2.38T 0.88T 29.243.63
CTRACiputra Development Tbk21.13T45.06T 9.43T 1.92T 11.021.03
BSDEPT Bumi Serpong Damai Tbk19.97T67.65T 12.44T 2.50T 7.990.53
PWONPakuwon Jati Tbk19.07T33.39T 6.35T 1.84T 10.360.98
MPROPT Maha Properti Indonesia Tbk.13.32T1.71T 0.01T -0.04T -337.2914.88
INPPIndonesian Paradise Property Tbk12.19T9.64T 1.10T 0.21T 56.862.24
RISEPT Jaya Sukses Makmur Sentosa Tbk.10.78T3.21T 0.27T 0.01T 874.545.22
PLINPlaza Indonesia Realty Tbk9.19T12.24T 1.30T 0.61T 14.990.84
JRPTJaya Real Property Tbk8.59T13.46T 2.57T 1.04T 8.270.93
GMTDGowa Makassar Tourism Development Tbk6.60T1.17T 0.54T 0.22T 29.698.08
Competitiveness Recap of GMTD stock
WeightNotesScore
High
At a market cap of IDR 6,599.17 billion, GMTD.JK ranks 10 in Market Cap out of 10 companies in the Properties & Real Estate sector.

High
At a PE of 29.69, GMTD.JK ranks 3 out of 10 companies in the Properties & Real Estate sector for P/E value. The average PE is 70.57 (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. (874.54) in the Properties & Real Estate sector.

Medium
At a PE of 29.69, GMTD.JK is trading at a higher PE than that of its subsector peers in Properties & Real Estate (median of 3.99). false

Medium
At a revenue of IDR 0.54 trillion, GMTD.JK ranks 8 in Revenue out of 10 companies in the Properties & Real Estate sector.

Medium
At a profit of IDR 0.22 trillion, GMTD.JK ranks 7 in Profit out of 10 companies in the Properties & Real Estate sector.

Future

Future Growth of GMTD

Growth Forecasts

No data available

Sector Benchmark

Properties & Real Estate companies in Indonesia are growing at a projected rate of 8.71% against the IDX average of +13.1%.

Properties & Real Estate sector overview
No data is available for GMTD at the moment.
Future growth prospect of GMTD
WeightNotesScore
High
GMTD's projected growth rate of 8.71% is below the ID market average of 13.14%.

High
The Properties & Real Estate sub-sector is projected to grow revenue by 10.55% in 2025. This number is higher than the previous year 2024's growth rate of 2.50%. This bodes well for GMTD's revenue growth prospects in the next 2 years.

Medium
The Properties & Real Estate sub-sector is projected to increase earnings by 26.51% in 2025. This number is higher than the previous year 2024's EPS growth of 14.21%. This bodes well for GMTD's earnings growth prospects in the next 2 years.

Medium
GMTD 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 26.51% in 2025 while revenue growth is projected to increase by 10.55%. These macroeconomic trends will likely be a tailwind for GMTD's earnings growth prospects in the next 2 years.

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Management

Executive Management

President Director

Ali Said, S.E15.2 years
Iqbal Farabi, S.H., M.H
Director
Drs. Danang Kemayan Jati
Director
NamePositionShares%
No data is available for GMTD at the moment.
Expressed in millions IDR, unless otherwise stated

Ownership

GMTD Ownership

NameNumber of SharesOwnership (%)Value
Makassar Permata Sulawesi Pt, Jakarta33,000,00032.5211.20B
Public (Scrip)30,223,90029.77193.43B
Pemerintah Propinsi Sulawesi Selatan13,200,0001384.48B
Pemerintah Kota Makassar6,600,0006.542.24B
Pemerintah Kabupaten Gowa6,600,0006.542.24B
Yayasan Partisipasi Pembangunan Sulawesi Selatan6,600,0006.542.24B
Public (Scripless)5,314,1005.2334.01B
No data is available for GMTD at the moment.

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