Ciputra Development
PT Ciputra Development Tbk is one of Indonesia's leading property companies. The company, which focuses on property development, management and investment, develops and operates 50 residential and commercial properties in 28 big cities across Indonesia as well as one international project located in China. Developed commercial property includes shopping centers, hotels, serviced apartments and golf courses.
Profile
| Industry Sector | Property, Real Estate and Construction |
| Industry Sub Sector | Property and Real Estate |
| Established | 22 October 1981 |
| Listed | 28 March 1994 |
| Listed Company Code | CTRA |
| Listed Shares | 15,165,815,994 |
| Dividend | Yes |
| Major Shareholders (>5%) | Sang Pelopor (30.63%) Credit Suisse Singapore (7.32%) |
| Key Subsidiaries | Ciputra Surya Ciputra Property Ciputra Residence Ciputra Raya Sejahtera Ciputra Graha Mitra |
Stock Quote Ciputra Development - CTRA:
Business Summary
The portfolio of Ciputra Development comprises development in several business segments such as housing, hotels, shopping centers, apartments, office space, recreational places and related facilities. Locations of its projects have expanded to the Greater Jakarta area, Surabaya and surrounding areas of other cities on Java, Sumatra, Kalimantan, Sulawesi and Bali. The company also offers services related to design, development, and maintenance of housing facilities.
Residential projects form the largest revenue source for the company as it has a higher number of residential projects (and which have higher economic growth) than commercial property projects.
In terms of geographical distribution, the Jakarta area contributes the most to Ciputra Development's assets, revenues and net profit. This area is the most populous area of Indonesia and, as such, is in need of much property development.
One of the company's mega-projects is Ciputra World 1, located in a commercial district of Jakarta and which will be fully operational by the end of 2013. Another mega-project, Ciputra World 2, is scheduled to commence operations in 2015.
Ciputra Development's Financial Highlights:
| 2014 | 2015 | 2016 | |
| Revenues | 1,662.5 | 2,459.7 | 1,715.0 |
| Gross Profit |
956.6 | 1,130.8 | 844.9 |
| EBITDA | 785.1 | 878.9 | 510.4 |
| Profit from Operations |
678.3 | 757.0 | 447.7 |
| Net Profit | 394.2 | 327.5 | 63.4 |
| Total Assets | 8,861.3 | 9,824.1 | 10,278.5 |
| Total Liabilities | 3,980.6 | 4,587.9 | 4,839.8 |
| Earnings per Share¹ |
65 | 54 | 10 |
| Cash Dividend per Share¹ |
0 | 0 | 0 |
in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
Source: Ciputra Development, Annual Report 2016
Projection Ciputra Development's Future Corporate Earnings:
| 2018 | 2019F | 2020F | 2021F | |
| Net Revenue | 7,574 | 7,060 | 6,717 | 7,361 |
| Net Profit | 1,185 | 913 | 802 | 992 |
| EBITDA | 2,354 | 2,082 | 1,912 | 2,257 |
| P/E Ratio (x) | 15.8 | 25.2 | 28.7 | 23.2 |
| P/BV (x) | 1.3 | 1.5 | 1.5 | 1.4 |
in billion IDR, unless otherwise stated
Source: Samuel Sekuritas (05.07.2019)
Location
Contact Details
Jalan Prof. Dr. Satrio Kav. 6
Jakarta 12940
Phone: +62 21 522 6868
Fax: +62 21 520 5262
www.ciputradevelopment.com