PT Vastland Indonesia Tbk

vast

Overview

VAST Overview

PT Vastland Indonesia Tbk is an Indonesia-based company, which is an industrial property developer, with a primary focus on the construction of built-to-suit warehouses and standard warehouses. The Company's services are built-to-suit warehouses and general warehouses. The Company built warehouses for a variety of industries such as fast-moving consumer goods, commodities trading, third-party logistics (3PL providers, pharmaceutical distributors, electronics, and e-commerce. The Company's warehouses include Gudang Klaten, Gudang Pekanbaru, Gudang Jambi, Gudang Bengkulu, Gudang Tembesu No 7, Gudang Tembesu No 5, Gudang Tembesu No 2, Gudang Tembesu No 1, Gudang Tembesu 6 No 1, Gudang Tembesu 3 No 3, Pergudangan Tembesu No 3, Pergudangan Tembesu 3 No 6, and Pergudangan Tembesu 3 No 5.

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: VAST

Development
Market Cap.
IDR 232.23Billion

~$14.64M USD

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

Valuation

VAST Valuation Metrics

76

IDR

Closing Price on 2024-04-05

Price to Equity

20.73

P/E

At 20.73x P/E TTM, VAST.JK is trading at a premium to its peers in the Properties & Real Estate sector (avg 6.6x).

Price to Book

0.85

P/B

At 0.85x P/B TTM, VAST.JK is trading at a premium to its peers in the Properties & Real Estate sector (avg 0.6x).

Price to Sales

9.84

P/S

At 9.84x P/S TTM, VAST.JK is trading at a premium to its peers in the Properties & Real Estate sector (avg 3.0x).

Valuing PT Vastland Indonesia 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 Vastland Indonesia Tbk relative to other stocks in the Properties & Real Estate sector

Price/Cash Flow
37.07x
Price/Forward Earnings
-
Enterprise Value/Revenue
9.84x
Enterprise Value/EBITDA
-
PEG Ratio
-0.87x

Analyst Ratings

No analyst ratings available yet.

Last closing: IDR762024-04-05
IDR 35.80

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of VAST is IDR36, which is 52% lower than VAST's last closing price of IDR76 (as of 2024-04-05).

Valuation Recap of VAST 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 20.73x is above the ID market average of 8.22x and is trading at a premium to peers in the Properties & Real Estate sector (6.58x).
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 0.85x is similar to the peers average of 0.56x 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 9.84x is above 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 VAST'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. VAST's P/CF ratio of 37.07x is considered a relatively high ratio 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. VAST's EV/R ratio of 9.84x is considered a relatively high ratio The average EV/R ratio for the Properties & Real Estate sector is 4.00x.
Max 3
Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of VAST is IDR 35.80, which is 52% lower than VAST's last closing price of IDR 76.00.
Max 3

Peers

VAST 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
Competitiveness Recap of VAST stock
WeightNotesScore
High
At a market cap of IDR 232.23 billion, VAST.JK ranks 10 in Market Cap out of 10 companies in the Properties & Real Estate sector.
Max 2
High
At a PE of 20.73, VAST.JK ranks 4 out of 10 companies in the Properties & Real Estate sector for P/E value. The average PE is 0.26 (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 20.73, VAST.JK is trading at a higher PE than that of its subsector peers in Properties & Real Estate (median of 6.58). false●●
Max 2
Medium
At a revenue of IDR 0.02 trillion, VAST.JK ranks 9 in Revenue out of 10 companies in the Properties & Real Estate sector.
Max 2
Medium
At a profit of IDR 0.01 trillion, VAST.JK ranks 9 in Profit out of 10 companies in the Properties & Real Estate sector.
Max 2

Future

Future Growth of VAST

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 VAST at the moment.
Future growth prospect of VAST
WeightNotesScore
High
VAST'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 VAST'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 VAST's earnings growth prospects in the next 2 years. ●●
Max 3
Medium
VAST 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 VAST's earnings growth prospects in the next 2 years. ●●
Max 3
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Management

Executive Management

President Director

Vicky Vergilius Gunawan15.2 years
Stanley V. Gunawan
Director
NamePositionShares%
Stanley V. GunawanDirector15,245,3000.5
Vicky Vergilius GunawaDirector2,970,0000.1
Yuanita TjoatjawinataCommissioner2,970,0000.1
Expressed in millions IDR, unless otherwise stated

Ownership

VAST Ownership

Others
21.27%
Insiders
78.73%
Institutions
0%
NameNumber of SharesOwnership (%)Value
Pt Tembesu Elang Perkasa2,138,400,00069.98162.52B
Public (Scripless)634,760,34520.7748.24B
Pt Bersatu Kita Tangguh237,600,0007.7718.06B
Ir. Hendry Gunawan23,760,0000.781.81B
Stanley V. Gunawan15,245,3000.51.16B
Vicky Vergilius Gunawa2,970,0000.10.23B
Yuanita Tjoatjawinata2,970,0000.10.23B
No data is available for VAST at the moment.