PT AGUNG PODOMORO LAND TBK

Financials PT Agung Podomoro Land Tbk

Equities

APLN

ID1000117104

Real Estate Development & Operations

End-of-day quote INDONESIA S.E. Other stock markets 06:00:00 2024-05-16 pm EDT			5-day change	1st Jan Change
117 ^IDR	-0.85%		+4.46%	-9.30%

Apr. 01	PT Agung Podomoro Land Tbk Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	PT Agung Podomoro Land Tbk Reports Earnings Results for the Nine Months Ended September 30, 2023	CI

Valuation

Fiscal Period: December	2018	2019	2020	2021	2022	2023
Capitalization ¹	2,943,413	3,427,527	4,267,473	2,769,318	3,495,696	2,928,213
Enterprise Value (EV) ¹	12,501,858	12,390,365	13,387,104	11,807,178	10,858,857	9,671,781
P/E ratio	99.6 x	-396 x	-30.4 x	-4.26 x	1.75 x	2.7 x
Yield	-	-	-	-	-	-
Capitalization / Revenue	0.58 x	0.9 x	0.86 x	0.65 x	0.4 x	0.63 x
EV / Revenue	2.48 x	3.27 x	2.7 x	2.77 x	1.25 x	2.07 x
EV / EBITDA	7.99 x	10.7 x	7.74 x	10.6 x	2.52 x	6.75 x
EV / FCF	-38.8 x	-14.6 x	-8 x	-51.9 x	3.56 x	-31.3 x
FCF Yield	-2.57%	-6.84%	-12.5%	-1.93%	28.1%	-3.19%
Price to Book	0.33 x	0.36 x	0.5 x	0.35 x	0.36 x	0.27 x
Nbr of stocks (in thousands)	19,364,562	19,364,562	22,699,327	22,699,327	22,699,327	22,699,327
Reference price ²	152.0	177.0	188.0	122.0	154.0	129.0
Announcement Date	4/1/19	4/30/20	4/27/21	4/5/22	4/1/23	4/1/24

¹IDR in Million²IDR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2018	2019	2020	2021	2022	2023
Net sales ¹	5,035,325	3,792,476	4,956,325	4,256,245	8,663,825	4,676,652
EBITDA ¹	1,564,287	1,163,014	1,729,165	1,116,995	4,306,319	1,432,089
EBIT ¹	1,140,799	770,224	1,254,480	554,113	3,768,404	943,423
Operating Margin	22.66%	20.31%	25.31%	13.02%	43.5%	20.17%
Earnings before Tax (EBT) ¹	376,674	284,260	394,700	-301,840	2,581,734	1,364,833
Net income ¹	29,557	-8,658	-136,786	-650,360	1,994,917	1,082,668
Net margin	0.59%	-0.23%	-2.76%	-15.28%	23.03%	23.15%
EPS ²	1.526	-0.4471	-6.175	-28.65	87.88	47.70
Free Cash Flow ¹	-321,837	-847,253	-1,673,830	-227,701	3,053,541	-308,779
FCF margin	-6.39%	-22.34%	-33.77%	-5.35%	35.24%	-6.6%
FCF Conversion (EBITDA)	-	-	-	-	70.91%	-
FCF Conversion (Net income)	-	-	-	-	153.07%	-
Dividend per Share	-	-	-	-	-	-
Announcement Date	4/1/19	4/30/20	4/27/21	4/5/22	4/1/23	4/1/24

¹IDR in Million²IDR

Estimates

Balance Sheet Analysis

Fiscal Period: December	2018	2019	2020	2021	2022	2023
Net Debt ¹	9,558,444	8,962,838	9,119,630	9,037,861	7,363,161	6,743,568
Net Cash position ¹	-	-	-	-	-	-
Leverage (Debt/EBITDA)	6.11 x	7.707 x	5.274 x	8.091 x	1.71 x	4.709 x
Free Cash Flow ¹	-321,837	-847,253	-1,673,830	-227,701	3,053,541	-308,779
ROE (net income / shareholders' equity)	1.63%	0.97%	1.49%	-4.43%	19.7%	8.99%
ROA (Net income/ Total Assets)	2.44%	1.63%	2.62%	1.15%	8.09%	2.07%
Assets ¹	1,209,966	-530,952	-5,221,043	-56,342,335	24,660,268	52,282,597
Book Value Per Share ²	458.0	488.0	376.0	344.0	423.0	471.0
Cash Flow per Share ²	43.70	43.90	37.20	46.80	48.40	33.80
Capex ¹	601,260	494,758	396,674	182,806	37,053	26,267
Capex / Sales	11.94%	13.05%	8%	4.3%	0.43%	0.56%
Announcement Date	4/1/19	4/30/20	4/27/21	4/5/22	4/1/23	4/1/24

¹IDR in Million²IDR

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sector Other Real Estate Development & Operations

	1st Jan change	Capi.
PT AGUNG PODOMORO LAND TBK	-9.30%	166M
CHINA RESOURCES LAND LIMITED	+17.32%	30.03B
SUN HUNG KAI PROPERTIES LIMITED	-5.15%	28.11B
MITSUI FUDOSAN CO., LTD.	+26.23%	26.23B
DLF LIMITED	+17.21%	25.22B
CHINA OVERSEAS LAND & INVESTMENT LTD.	+20.06%	23.18B
MITSUBISHI ESTATE CO., LTD.	+40.97%	22.31B
POLY DEVELOPMENTS AND HOLDINGS GROUP CO., LTD.	+13.13%	18.4B
EMAAR PROPERTIES	-4.42%	18.21B
HENDERSON LAND DEVELOPMENT COMPANY LIMITED	+9.98%	16.41B

Other Real Estate Development & Operations

Stock Market
Equities
APLN Stock
Financials PT Agung Podomoro Land Tbk

-40% Exceptional extension: Our subscriptions help you unlock the best investment opportunities.

BENEFIT NOW