PT Adhi Commuter Properti Tbk

adcp

Overview

ADCP Overview

PT Adhi Commuter Properti, Tbk. is an Indonesia-based mass transportation-based property developer. The Company's segments include Real Estate Property, Hotel and Rent. The Company has developed various transit-oriented development (TOD) brands, such as LRT City, Member of LRT City and Adhi City. Adhi City focuses on high-rise buildings and landed houses, which are located around the business center and various supporting facilities that are integrated with the light rapid transportation (LRT) station. LRT City focuses on integrated mixed development that is directly connected to the LRT station. Members of LRT City focus on high-rise housing that is integrated with non-LRT mass transportation such as bus rapid transit (BRT) and commuter lines. Its Hotel GranDhika Indonesia brand is engaged in building and managing a hotel network all across various cities in Indonesia, including Hotel GranDhika Iskandarsyah Jakarta, Hotel GranDhika Pemuda Semarang and Hotel GranDhika Setiabudi Medan.

2468101214ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: ADCP

Main
Market Cap.
IDR 1.11Trillion

~$69.44M USD

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

Valuation

ADCP Valuation Metrics

50

IDR
0.0%

Closing Price on 2024-04-18

Price to Equity

9.56

P/E

At 9.56x P/E TTM, ADCP.JK is trading at a premium to its peers in the Properties & Real Estate sector (avg 7.7x).

Price to Book

0.43

P/B

At 0.43x P/B TTM, ADCP.JK is trading in line with its peers in the Properties & Real Estate sector.

Price to Sales

1.70

P/S

At 1.70x P/S TTM, ADCP.JK is trading at a discount to its peers in the Properties & Real Estate sector.

Valuing PT Adhi Commuter Properti 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 PT Adhi Commuter Properti Tbk relative to other stocks in the Properties & Real Estate sector

Price/Cash Flow
567.83x
Price/Forward Earnings
-
Enterprise Value/Revenue
3.10x
Enterprise Value/EBITDA
15.15x
PEG Ratio
-0.16x

Analyst Ratings

No analyst ratings available yet.

Last closing: IDR502024-04-18
IDR 45.96

Fairly Close to Intrinsic Value: Analyst's intrinsic value is of ADCP is IDR46, which is 7% lower than ADCP's last closing price of IDR50 (as of 2024-04-18).

Valuation Recap of ADCP 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 9.56x is above the ID market average of 8.46x and is trading at a premium to peers in the Properties & Real Estate sector (7.66x).

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 0.43x is similar to the peers average of 0.49x 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 1.70x is below the peers average of 2.82x in the Properties & Real Estate sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of ADCP'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. ADCP's P/CF ratio of 567.83x 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. ADCP's EV/R ratio of 3.10x is considered a relatively high ratio The average EV/R ratio for the Properties & Real Estate sector is 3.28x.

Medium
Fairly Close to Intrinsic Value: Analyst's intrinsic value is of ADCP is IDR 45.96, which is 7% lower than ADCP's last closing price of IDR 50.00.

Peers

ADCP 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 Tbk26.50T8.42T 2.29T 0.86T 30.733.99
CTRACiputra Development Tbk21.04T44.12T 9.25T 1.85T 11.401.05
PWONPakuwon Jati Tbk19.26T32.71T 6.20T 2.11T 9.151.01
BSDEPT Bumi Serpong Damai Tbk18.51T66.83T 11.54T 1.95T 9.510.51
MPROPT Maha Properti Indonesia Tbk.16.01T1.71T 0.01T -0.04T -410.9217.67
INPPIndonesian Paradise Property Tbk11.18T9.35T 1.10T 0.11T 106.492.10
RISEPT Jaya Sukses Makmur Sentosa Tbk.10.78T3.21T 0.28T 0.01T 828.435.22
PLINPlaza Indonesia Realty Tbk9.62T12.24T 1.30T 0.61T 15.680.88
DUTIDuta Pertiwi Tbk8.47T15.13T 3.86T 1.07T 7.950.83
ADCPPT Adhi Commuter Properti Tbk1.11T6.64T 0.65T 0.12T 9.560.43
Competitiveness Recap of ADCP stock
WeightNotesScore
High
At a market cap of IDR 1,111.11 billion, ADCP.JK ranks 10 in Market Cap out of 10 companies in the Properties & Real Estate sector.

High
At a PE of 9.56, ADCP.JK ranks 6 out of 10 companies in the Properties & Real Estate sector for P/E value. The average PE is 61.80 (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. (828.43) in the Properties & Real Estate sector.

Medium
At a PE of 9.56, ADCP.JK is trading at a higher PE than that of its subsector peers in Properties & Real Estate (median of 7.66). false

Medium
At a revenue of IDR 0.65 trillion, ADCP.JK ranks 8 in Revenue out of 10 companies in the Properties & Real Estate sector.

Medium
At a profit of IDR 0.12 trillion, ADCP.JK ranks 7 in Profit out of 10 companies in the Properties & Real Estate sector.

Future

Future Growth of ADCP

Growth Forecasts

No data available

Sector Benchmark

Properties & Real Estate companies in Indonesia are growing at a projected rate of 3.66% against the IDX average of +7.6%.

Properties & Real Estate sector overview
No data is available for ADCP at the moment.
Future growth prospect of ADCP
WeightNotesScore
High
ADCP's projected growth rate of 3.66% is below the ID market average of 7.62%.

High
The Properties & Real Estate sub-sector is projected to grow revenue by 1.58% in 2024. This number is lower than the previous year 2023's growth rate of 48.15%. false

Medium
The Properties & Real Estate sub-sector is projected to increase earnings by 16.26% in 2024. This number is higher than the previous year 2023's EPS growth of 0.00%. This bodes well for ADCP's earnings growth prospects in the next 2 years.

Medium
ADCP 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 2024. Specifically, earnings are projected to increase by 16.26% in 2024 while revenue growth is projected to increase by 1.58%. These macroeconomic trends will likely be a tailwind for ADCP's earnings growth prospects in the next 2 years.

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Management

Executive Management

President Director

Rizkan Firman15.2 years
Rozi Sparta
Director
Mochamad Yusuf
Director
NamePositionShares%
Herry ArdiantoPresident Commissioner153,800< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

ADCP Ownership

Others
10%
Insiders
90%
Institutions
0%
NameNumber of SharesOwnership (%)Value
Pt Adhi Karya (Persero) Tbk19,999,900,000901,000.00B
Public (Scripless)2,222,068,40010111.10B
No data is available for ADCP at the moment.