PP (Persero) Tbk

ptpp

Overview

PTPP Overview

PT Pembangunan Perumahan (Persero) Tbk is an Indonesia-based construction engineering company. The Company operates in two divisions, namely: Construction; Engineering, Procurement, and Construction (EPC); Property and Realty; Precast; Equipment rent service, and Energy. The Construct provides public construction services by focusing on activities, including high-rise buildings, roads and bridges, dams and irrigation, seaports, and airports, among others. It has built various large building projects, such as such as offices, apartments, hotels, airports, hospitals, stadiums, schools and universities, malls, and other public service facilities. The Company's projects include Pltb Tolo 72 MW- Jeneponto, Add On Grati 150 MW - Grati, Pltg Jayapura Kendari 100 MW, Pltg Belitung 25 MW, Pltg Nias 25 MW, Bank Indonesia Provinsi Papua, Mpp & Ftgep Paket 7 100 MW, Ptlg Lombok 50 MW, Pltg Bangka 50 MW, and others. Its subsidiaries include Pt Sinergi, PP Semarang Demak, and others.

2468101214ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: PTPP

Main
Market Cap.
IDR 2.87Trillion

~$182.94M USD

Industry
Heavy Constructions & Civil Engineering
Sub-Industry
Heavy Constructions & Civil Engineering
Sector
Infrastructures

Valuation

PTPP Valuation Metrics

448

IDR

Closing Price on 2024-04-05

Price to Equity

7.76

P/E

At 7.76x P/E TTM, PTPP.JK is trading at a premium to its peers in the Heavy Constructions & Civil Engineering sector (avg 6.2x).

Price to Book

0.25

P/B

At 0.25x P/B TTM, PTPP.JK is trading at a discount to its peers in the Heavy Constructions & Civil Engineering sector.

Price to Sales

0.16

P/S

At 0.16x P/S TTM, PTPP.JK is trading at a discount to its peers in the Heavy Constructions & Civil Engineering sector.

Valuing PP (Persero) Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Heavy Constructions & Civil Engineering sector

Historical Price to Earnings

Other Valuation Metrics

Valuing PP (Persero) Tbk relative to other stocks in the Heavy Constructions & Civil Engineering sector

Price/Cash Flow
2.21x
Price/Forward Earnings
8.31x
Enterprise Value/Revenue
1.19x
Enterprise Value/EBITDA
13.23x
PEG Ratio
0.05x

Analyst Ratings

40
60
80
0
100

25.0

Undervalued

Fairly Valued

Overvalued

Last closing: IDR4482024-04-05
IDR 360.40

Fairly Close to Intrinsic Value: Analyst's intrinsic value is of PTPP is IDR360, which is 19% lower than PTPP's last closing price of IDR448 (as of 2024-04-05).

Valuation Recap of PTPP 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 7.76x is below the ID market average of 8.22x and is trading at a premium to peers in the Heavy Constructions & Civil Engineering sector (6.25x).
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 0.25x is below the peers average of 0.65x in the Heavy Constructions & Civil Engineering sector. In fact, less than 25% of its peers trade at a lower P/B ratio than PTPP.●●
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 0.16x is similar to the peers average of 0.33x in the Heavy Constructions & Civil Engineering sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of PTPP's valuation relative to its current sales and future earnings growth. PTPP trades at a Forward P/E ratio of 8.31x, which is considered fairly undervalued by analysts.
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. PTPP's P/CF ratio of 2.21x 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. PTPP's EV/R ratio of 1.19x is considered extremely underpriced by the market The average EV/R ratio for the Heavy Constructions & Civil Engineering sector is 1.32x. ●●●
Max 3
Medium
Fairly Close to Intrinsic Value: Analyst's intrinsic value is of PTPP is IDR 360.40, which is 19% lower than PTPP's last closing price of IDR 448.00.
Max 3

Peers

PTPP Peers and Comparison

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
BRENPT Barito Renewables Energy Tbk.926.47T0.00T 0.00T 0.00T
TLKMPT Telkom Indonesia (Persero) Tbk339.78T276.21T 149.67T 23.67T 14.352.60
ISATPT Indosat Tbk90.71T112.21T 49.68T 3.82T 23.733.12
MTELPT Dayamitra Telekomunikasi Tbk52.05T56.35T 8.40T 1.99T 26.171.56
PGEOPT Pertamina Geothermal Energy Tbk49.37T43.54T 6.20T 2.25T 21.911.72
SUPRSolusi Tunas Pratama Tbk45.39T9.47T 1.88T 0.97T 47.028.49
TOWRSarana Menara Nusantara Tbk42.58T68.22T 11.65T 3.31T 12.872.67
TBIGPT Tower Bersama Infrastructure Tbk42.33T43.76T 6.56T 1.53T 27.613.98
JSMRPT Jasa Marga Tbk39.92T124.90T 18.94T 7.71T 5.171.47
WSKTPT Waskita Karya (Persero) Tbk5.82T96.54T 12.82T -4.73T -1.230.93
Competitiveness Recap of PTPP stock
WeightNotesScore
High
At a market cap of IDR 2,874.52 billion, PTPP.JK ranks 10 in Market Cap out of 10 companies in the Infrastructures sector.
Max 2
High
At a PE of 7.76, PTPP.JK ranks 8 out of 10 companies in the Infrastructures sector for P/E value. The average PE is 18.66 (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 Infrastructures. In this regard, it trails behind sector leaders such as Solusi Tunas Pratama Tbk (47.02) in the Infrastructures sector.
Max 2
Medium
At a PE of 7.76, PTPP.JK is trading at a higher PE than that of its subsector peers in Heavy Constructions & Civil Engineering (median of 6.25). false
Max 2
Medium
At a revenue of IDR 17.69 trillion, PTPP.JK ranks 4 in Revenue out of 10 companies in the Infrastructures sector.
Max 2
Medium
At a profit of IDR 0.37 trillion, PTPP.JK ranks 9 in Profit out of 10 companies in the Infrastructures sector.
Max 2

Future

Future Growth of PTPP

Growth Forecasts

PTPP 2024 Revenue Growth
+23.3%
PTPP 2024 EPS Growth
+22.5%
Sector Revenue Growth
+24.5%
Heavy Constructions & Civil Engineering
Indonesia Market Growth
+12.0%
IDX overall growth
Heavy Constructions & Civil Engineering Sector Revenue Growth '24
+26.3%
Infrastructures Sector Revenue Growth '24
+11.2%

Sector Benchmark

Heavy Constructions & Civil Engineering companies in Indonesia are growing at a projected rate of 24.52% against the IDX average of +12.0%.

Heavy Constructions & Civil Engineering sector overview

PTPP Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of PTPP
WeightNotesScore
High
PTPP's projected growth rate of 24.52% is above the ID market average of 11.98%.●●●
Max 3
High
The Heavy Constructions & Civil Engineering sub-sector is projected to grow revenue by 26.30% in 2024. This number is higher than the previous year 2023's growth rate of 14.34%. This bodes well for PTPP's revenue growth prospects in the next 2 years. ●●●
Max 3
Medium
The Heavy Constructions & Civil Engineering sub-sector is projected to increase earnings by 163.76% in 2024. This number is lower than the previous year 2023's EPS growth of 372.27%. This bodes well for PTPP's earnings growth prospects in the next 2 years. ●●
Max 3
Medium
PTPP and its peers in the Heavy Constructions & Civil Engineering sub-sector belongs to the Infrastructures sector. Companies in the Infrastructures sector are projected to have a fruitful year heading into 2024. Specifically, earnings are projected to increase by 25.05% in 2024 while revenue growth is projected to increase by 11.23%. These macroeconomic trends will likely be a tailwind for PTPP's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

Novel Arsyad15.2 years
Agus Purbianto
Director
Yuyus Juarsa
Director
Yul Ari Pramuraharjo
Director
Eddy Herman Harun
Director
Sinur Linda Gustina Manurung
Director
NamePositionShares%
Novel ArsyadPresident Director62,600< 0.01
Sinurlinda Gustina MDirector590,000< 0.01
Yuyus JuarsaDirector109,300< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

PTPP Ownership

Others
36.08%
Insiders
58.1%
Institutions
5.82%
NameNumber of SharesOwnership (%)Value
Republic Of Indonesia3,161,947,836511,416.55B
Public3,022,631,71848.81,354.14B
Treasury Stock14,555,9000.26.52B

Largest Institutional Buy

No data is available for PTPP at the moment.

Largest Institutional Sell

State Street Global Advisors
Sold 31-12-2023
-7,699,448 shares
Northern Trust Investments Inc
Sold 31-12-2023
-5,504,142 shares
TIAA Investments
Sold 31-12-2023
-3,397,000 shares

Institutional Transactions

Tracking institutional transactions buying / selling of PTPP stock