Pakuwon Jati Tbk

PWON

Overview

PWON Overview

PT Pakuwon Jati Tbk is an Indonesia-based real estate developer. The Company is engaged in the operations of shopping center, business center, hotel and real estate. The Company operates through three segments: Office, Shopping Centers, and Service Apartments; Real Estate, and Hospitality. Its Office, Shopping Centers, and Service Apartments segment includes over 10 shopping centers spread across Jakarta, Surabaya, Yogyakarta and Solo; six offices, namely Gandaria 8 Office, Kota Kasablanka Tower A and B, and Pakuwon Tower, which are located in Jakarta, as well as Pakuwon Tower and Pakuwon Center which are in the Tunjungan Plaza superblock area, Surabaya, and two serviced apartments, namely Ascott Waterplace Surabaya located in the Pakuwon Mall superblock area and Somerset Berlian Jakarta serviced apartment. Its Hospitality segment operates starred hotels, namely Sheraton Surabaya Hotel and Towers and Four Points by Sheraton, Tunjungan Plaza Surabaya and others.

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: PWON

Main
Market Cap.
IDR 18.97Trillion

~$1.19B USD

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

Valuation

PWON Valuation Metrics

394

IDR
0.0%

Closing Price on 2024-05-22

Price to Equity

9.01

P/E

At 9.01x P/E TTM, PWON.JK is trading at a premium to its peers in the Properties & Real Estate sector (avg 7.5x).

Price to Book

0.99

P/B

At 0.99x P/B TTM, PWON.JK is trading at a premium to its peers in the Properties & Real Estate sector (avg 0.5x).

Price to Sales

3.06

P/S

At 3.06x P/S TTM, PWON.JK is trading in line with its peers in the Properties & Real Estate sector.

Valuing Pakuwon Jati 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 Pakuwon Jati Tbk relative to other stocks in the Properties & Real Estate sector

Price/Cash Flow
6.94x
Price/Forward Earnings
8.32x
Enterprise Value/Revenue
2.77x
Enterprise Value/EBITDA
6.11x
PEG Ratio
0.12x

Analyst Ratings

40
60
80
0
100

82.5

Recommended

Neutral

Not Recommended

Last closing: IDR3942024-05-22
IDR 359.03

Fairly Close to Intrinsic Value: Analyst's intrinsic value is of PWON is IDR359, which is 8% lower than PWON's last closing price of IDR394 (as of 2024-05-22).

Valuation Recap of PWON 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 9.01x 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 0.99x is above the peers average of 0.46x in the Properties & Real Estate sector. PWON 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 3.06x is similar to 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 PWON's valuation relative to its current sales and future earnings growth. PWON trades at a Forward P/E ratio of 8.32x, 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. PWON's P/CF ratio of 6.94x 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. PWON's EV/R ratio of 2.77x 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 PWON is IDR 359.03, which is 8% lower than PWON's last closing price of IDR 394.00.

Peers

PWON 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 PWON stock
WeightNotesScore
High
At a market cap of IDR 18,974.88 billion, PWON.JK ranks 4 in Market Cap out of 10 companies in the Properties & Real Estate sector.

High
At a PE of 9.01, PWON.JK ranks 8 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 9.01, PWON.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 6.20 trillion, PWON.JK ranks 4 in Revenue out of 10 companies in the Properties & Real Estate sector.

Medium
At a profit of IDR 2.11 trillion, PWON.JK ranks 1 in Profit out of 10 companies in the Properties & Real Estate sector.

Future

Future Growth of PWON

Growth Forecasts

PWON 2024 Revenue Growth
+5.1%
PWON 2025 Revenue Growth
+15.5%
PWON 2024 EPS Growth
-0.4%
PWON 2025 EPS Growth
+11.1%
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

PWON Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of PWON
WeightNotesScore
High
PWON'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 PWON'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 PWON's earnings growth prospects in the next 2 years.

Medium
PWON 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 PWON's earnings growth prospects in the next 2 years.

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Management

Executive Management

President Director

A. Stefanus Ridwan Suhendra15.2 years
Drs. Minarto
Director
Eiffel Tedja
Director
Wong Boon Siew Ivy
Director
Sutandi Purnomosidi
Director
Dra. Lauw, Syane Wahyuni Loekito
Director
NamePositionShares%
Alexander TedjaPresident Commissioner10,608,0000.02
Richard AdisastraCommissioner131,040< 0.01
Wong Boon Siew IvyDirector1,000,000< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

PWON Ownership

Others
17.79%
Insiders
68.71%
Institutions
13.5%
NameNumber of SharesOwnership (%)Value
Pt Pakuwon Arthaniaga33,077,598,40068.6813,032.57B
Public (Scripless)14,934,650,59631.015,884.25B
Public (Scrip)132,182,2640.2752.08B
Alexander Tedja10,608,0000.024.18B
Pt Pakuwon Darma3,432,1000.011.35B

Largest Institutional Buy

No data is available for PWON at the moment.

Largest Institutional Sell

Pear Tree Advisors, Inc.
Sold 31-12-2023
-97,748,700 shares
Fidelity Management & Research Company LLC
Sold 31-12-2023
-60,713,696 shares
Invesco Advisers, Inc.
Sold 31-12-2023
-33,162,400 shares

Institutional Transactions

Tracking institutional transactions buying / selling of PWON stock