City Retail Developments Tbk

niro

Overview

NIRO Overview

PT City Retail Developments Tbk is an Indonesia-based property developer. The Company develops, operates and owns various shopping malls across Indonesia. The Company’s business activities comprise construction, service, trading, industry and investment. The Company engages in several business activities, which include shopping centers, real estate, hotels, and others. Real estate covers the sale of land lots, Condotel, and shophouses (ruko). Others include investments outside real estate activities. The Company’s subsidiaries include PT Pejaten Semesta Raya (PSR), PT Karya Bersama Takarob, PT Kalingga Murda (KM), PT Danadipa Aluwung (DA), PT Dhanika Sejahtera Makmur (DSM), PT Tunas Mitra Usaha (TMU), PT Mahawira Rajendra Jaya (MRJ), PT Binjai Hatua Makmur (BHM), PT Tunas Mitra Usaha (TMU), PT Nirvana Wastu Utama (NWU), PT Buana Baru Prima (BBP), PT Melia Arjuna Bejana (MAB), PT Adhirajasa Hanasta Pratama (AHP) and PT Nirvana Wastu Karya Pratama (NWKP).

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: NIRO

Development
Market Cap.
IDR 3.11Trillion

~$195.97M USD

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

Valuation

NIRO Valuation Metrics

140

IDR

Closing Price on 2024-04-05

Price to Equity

-43.46

P/E

At -43.46x P/E TTM, NIRO.JK is trading at a discount to its peers in the Properties & Real Estate sector.

Price to Book

1.45

P/B

At 1.45x P/B TTM, NIRO.JK is trading at a premium to its peers in the Properties & Real Estate sector (avg 0.6x).

Price to Sales

2.84

P/S

At 2.84x P/S TTM, NIRO.JK is trading in line with its peers in the Properties & Real Estate sector.

Valuing City Retail Developments 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 City Retail Developments Tbk relative to other stocks in the Properties & Real Estate sector

Price/Cash Flow
8.78x
Price/Forward Earnings
-
Enterprise Value/Revenue
6.25x
Enterprise Value/EBITDA
17.37x
PEG Ratio
-0.34x

Analyst Ratings

No analyst ratings available yet.

Valuation Recap of NIRO 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 -43.46x is below the ID market average of 8.22x and is trading at a discount to peers in the Properties & Real Estate sector (6.58x). In fact, less than 25% of its peers trade at a lower P/E ratio than NIRO.●●●
Max 3
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 1.45x is above the peers average of 0.56x in the Properties & Real Estate sector. NIRO trades at a higher P/B ratio than >75% of its peers in the Properties & Real Estate sector.
Max 3
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 2.84x is similar to the peers average of 3.01x in the Properties & Real Estate sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of NIRO's valuation relative to its current sales and future earnings growth.
Max 2
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. NIRO's P/CF ratio of 8.78x is considered healthy by analysts.
Max 2
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. NIRO's EV/R ratio of 6.25x is considered a relatively high ratio The average EV/R ratio for the Properties & Real Estate sector is 4.00x.
Max 3

Peers

NIRO 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 Tbk22.61T42.63T 8.49T 1.52T 14.881.17
PWONPakuwon Jati Tbk20.80T32.06T 6.06T 1.83T 11.341.12
BSDEPT Bumi Serpong Damai Tbk20.39T71.11T 10.40T 3.28T 6.210.57
MPROPT Maha Properti Indonesia Tbk.17.43T1.71T 0.00T -0.03T -503.6319.02
INPPIndonesian Paradise Property Tbk11.24T9.18T 1.25T 0.12T 93.702.12
RISEPT Jaya Sukses Makmur Sentosa Tbk.10.73T2.91T 0.31T 0.03T 306.565.19
PLINPlaza Indonesia Realty Tbk9.62T12.31T 1.26T 0.69T 13.980.90
SMRAPT Summarecon Agung Tbk8.58T29.50T 6.59T 0.97T 8.860.88
NIROCity Retail Developments Tbk3.11T13.67T 1.10T -0.07T -43.461.45
Competitiveness Recap of NIRO stock
WeightNotesScore
High
At a market cap of IDR 3,107.85 billion, NIRO.JK ranks 10 in Market Cap out of 10 companies in the Properties & Real Estate sector.
Max 2
High
At a PE of -43.46, NIRO.JK ranks 9 out of 10 companies in the Properties & Real Estate sector for P/E value. The average PE is -6.16 (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. (306.56) in the Properties & Real Estate sector.
Max 2
Medium
At a PE of -43.46, NIRO.JK is trading at a lower PE than that of its subsector peers in Properties & Real Estate (median of 6.58). A lower P/E value presents a potential value opportunity, but it might also indicate that the company is facing headwinds in its business.
Max 2
Medium
At a revenue of IDR 1.10 trillion, NIRO.JK ranks 8 in Revenue out of 10 companies in the Properties & Real Estate sector.
Max 2
Medium
At a profit of -IDR 0.07 trillion, NIRO.JK ranks 10 in Profit out of 10 companies in the Properties & Real Estate sector.
Max 2

Future

Future Growth of NIRO

Growth Forecasts

No data available

Sector Benchmark

Properties & Real Estate companies in Indonesia are growing at a projected rate of 11.45% against the IDX average of +12.0%.

Properties & Real Estate sector overview
No data is available for NIRO at the moment.
Future growth prospect of NIRO
WeightNotesScore
High
NIRO's projected growth rate of 11.45% is below the ID market average of 11.98%.●●●
Max 3
High
The Properties & Real Estate sub-sector is projected to grow revenue by 7.55% in 2024. This number is higher than the previous year 2023's growth rate of 2.32%. This bodes well for NIRO's revenue growth prospects in the next 2 years. ●●
Max 3
Medium
The Properties & Real Estate sub-sector is projected to increase earnings by 10.85% in 2024. This number is higher than the previous year 2023's EPS growth of 0.39%. This bodes well for NIRO's earnings growth prospects in the next 2 years. ●●
Max 3
Medium
NIRO 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 10.85% in 2024 while revenue growth is projected to increase by 7.55%. These macroeconomic trends will likely be a tailwind for NIRO's earnings growth prospects in the next 2 years. ●●
Max 3
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Management

Executive Management

President Director

Soekarman Wiraatmadja Kusnadi15.2 years
Hasan
Director
Musa Sinambela
Director
NamePositionShares%
Pt Orion Global DevelopmentDirector16,703,543,68075
Expressed in millions IDR, unless otherwise stated

Ownership

NIRO Ownership

Others
24.6%
Insiders
75.25%
Institutions
0.15%
NameNumber of SharesOwnership (%)Value
Pt Orion Global Development16,703,543,680752,338.50B
Public (Scripless)5,495,328,12425769.35B

Largest Institutional Buy

No data is available for NIRO at the moment.

Largest Institutional Sell

Dimensional Fund Advisors LP
Sold 31-12-2023
-893,474 shares

Institutional Transactions

Tracking institutional transactions buying / selling of NIRO stock