Financials PT Lippo Karawaci Tbk

Equities

End-of-day quote INDONESIA S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
62 ^IDR	+3.33%		+5.08%	-36.08%

Mar. 26	Transcript : PT Lippo Karawaci Tbk, 2023 Earnings Call, Mar 26, 2024
Mar. 25	PT Lippo Karawaci Tbk Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	17,083,243	15,102,604	9,986,915	5,599,442	6,875,265	4,394,394	-
Enterprise Value (EV) ¹	17,088,972	15,117,531	10,001,893	5,618,007	6,875,265	4,394,394	4,394,394
P/E ratio	-5.52 x	-1.7 x	-6.23 x	-2.08 x	137 x	3.95 x	3.71 x
Yield	-	-	-	-	-	-	-
Capitalization / Revenue	1.39 x	1.26 x	0.6 x	0.38 x	0.4 x	0.23 x	0.22 x
EV / Revenue	1.39 x	1.26 x	0.6 x	0.38 x	0.4 x	0.23 x	0.22 x
EV / EBITDA	350 x	7.37 x	2.59 x	1.66 x	1.61 x	1.06 x	1.04 x
EV / FCF	-3,321,994 x	-5,437,236 x	8,503,048 x	-4,812,105 x	-	-	-
FCF Yield	-0%	-0%	0%	-0%	-	-	-
Price to Book	0.6 x	0.78 x	0.53 x	0.37 x	-	0.25 x	0.24 x
Nbr of stocks (in thousands)	70,591,914	70,572,914	70,829,182	70,879,018	70,879,018	70,877,318	-
Reference price ²	242.0	214.0	141.0	79.00	97.00	62.00	62.00
Announcement Date	5/29/20	5/11/21	3/31/22	3/31/23	3/25/24	-	-

¹IDR in Million²IDR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	12,320	11,966	16,530	14,809	16,990	18,785	20,144
EBITDA ¹	48.83	2,049	3,858	3,382	4,269	4,128	4,238
EBIT ¹	-904.2	217.4	1,499	1,981	2,972	3,133	3,252
Operating Margin	-7.34%	1.82%	9.07%	13.38%	17.49%	16.68%	16.14%
Earnings before Tax (EBT) ¹	-1,665	-9,311	-717	-1,759	1,408	969	969
Net income ¹	-1,983	-8,891	-1,603	-2,692	50.14	1,115	1,186
Net margin	-16.1%	-74.3%	-9.7%	-18.18%	0.3%	5.94%	5.89%
EPS ²	-43.84	-125.9	-22.65	-38.00	0.7100	15.70	16.70
Free Cash Flow	-5,142,466	-2,777,625	1,174,510	-1,163,616	-	-	-
FCF margin	-41,739.96%	-23,212.06%	7,105.4%	-7,857.72%	-	-	-
FCF Conversion (EBITDA)	-	-	30,443.18%	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-
Announcement Date	5/29/20	5/11/21	3/31/22	3/31/23	3/25/24	-	-

¹IDR in Billions²IDR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt	5,729	14,927	14,979	18,565	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	117.3 x	7.284 x	3.882 x	5.489 x	-	-	-
Free Cash Flow	-5,142,466	-2,777,625	1,174,510	-1,163,616	-	-	-
ROE (net income / shareholders' equity)	-8.53%	-45.6%	-8.39%	-15.8%	-	6.4%	6.4%
ROA (Net income/ Total Assets)	-3.81%	-17.1%	-3.08%	-5.28%	-	2.1%	2.1%
Assets ¹	52,082	51,866	51,975	50,976	-	53,095	56,476
Book Value Per Share ²	406.0	275.0	265.0	216.0	-	246.0	263.0
Cash Flow per Share	-	-33.60	23.00	-3.320	-	-	-
Capex ¹	604	405	444	772	-	2,233	3,450
Capex / Sales	4.9%	3.38%	2.69%	5.21%	-	11.89%	17.13%
Announcement Date	5/29/20	5/11/21	3/31/22	3/31/23	3/25/24	-	-

¹IDR in Billions²IDR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

B-

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

62 IDR

Average target price

130 IDR

Spread / Average Target

+109.68%

	1st Jan change	Capi.
PT LIPPO KARAWACI TBK	-36.08%	271M
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DLF LIMITED	+25.00%	26.95B
CHINA RESOURCES LAND LIMITED	-0.71%	25.32B
MITSUBISHI ESTATE CO., LTD.	+44.49%	22.58B
EMAAR PROPERTIES	+2.78%	19.59B
CHINA OVERSEAS LAND & INVESTMENT LTD.	+1.45%	19.52B
SUMITOMO REALTY & DEVELOPMENT CO., LTD.	+28.54%	16.23B
CK ASSET HOLDINGS LIMITED	-14.80%	14.98B