Financials PT MNC Land Tbk

Equities

KPIG

ID1000052301

Real Estate Development & Operations

End-of-day quote INDONESIA S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
62 IDR 0.00% Intraday chart for PT MNC Land Tbk +1.64% 0.00%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 10,296,998 10,965,099 8,546,327 7,578,818 6,296,869 6,048,542
Enterprise Value (EV) 1 13,932,748 15,650,747 13,950,767 13,300,905 11,819,060 11,826,294
P/E ratio 16.1 x 39.3 x 27.5 x 38.7 x 34 x 16.8 x
Yield - - - - - -
Capitalization / Revenue 10.4 x 10.3 x 12.6 x 10.8 x 5.61 x 4.26 x
EV / Revenue 14 x 14.7 x 20.6 x 19 x 10.5 x 8.32 x
EV / EBITDA 81.4 x 80.8 x 107 x 73.1 x 43.5 x 57.1 x
EV / FCF -12.8 x -22.3 x -21.2 x -17.7 x -16.5 x -20.4 x
FCF Yield -7.82% -4.48% -4.72% -5.64% -6.06% -4.91%
Price to Book 0.81 x 0.48 x 0.37 x 0.31 x 0.25 x 0.23 x
Nbr of stocks (in thousands) 74,079,123 80,625,727 80,625,727 80,625,727 88,688,299 97,557,129
Reference price 2 139.0 136.0 106.0 94.00 71.00 62.00
Announcement Date 3/29/19 4/30/20 6/3/21 4/28/22 4/4/23 3/28/24
1IDR in Million2IDR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 992,453 1,066,628 678,039 699,975 1,121,877 1,421,006
EBITDA 1 171,242 193,707 130,613 182,055 271,545 207,212
EBIT 1 104,252 125,441 62,840 111,450 207,798 135,473
Operating Margin 10.5% 11.76% 9.27% 15.92% 18.52% 9.53%
Earnings before Tax (EBT) 1 714,200 304,666 279,424 175,381 208,236 370,141
Net income 1 619,843 259,727 310,349 195,863 177,772 329,810
Net margin 62.46% 24.35% 45.77% 27.98% 15.85% 23.21%
EPS 2 8.625 3.460 3.849 2.429 2.085 3.685
Free Cash Flow 1 -1,088,899 -701,562 -658,511 -749,570 -715,972 -580,659
FCF margin -109.72% -65.77% -97.12% -107.09% -63.82% -40.86%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 3/29/19 4/30/20 6/3/21 4/28/22 4/4/23 3/28/24
1IDR in Million2IDR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 3,635,750 4,685,648 5,404,440 5,722,086 5,522,191 5,777,752
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 21.23 x 24.19 x 41.38 x 31.43 x 20.34 x 27.88 x
Free Cash Flow 1 -1,088,899 -701,562 -658,511 -749,570 -715,972 -580,659
ROE (net income / shareholders' equity) 5.26% 1.52% 1.12% 0.61% 0.72% 1.32%
ROA (Net income/ Total Assets) 0.4% 0.34% 0.14% 0.23% 0.41% 0.26%
Assets 1 156,249,745 76,367,712 229,209,109 84,862,479 43,033,537 127,438,124
Book Value Per Share 2 171.0 282.0 286.0 301.0 285.0 272.0
Cash Flow per Share 2 3.900 2.260 0.8300 1.100 2.330 1.800
Capex 1 1,049,246 1,172,898 623,527 587,561 827,113 519,426
Capex / Sales 105.72% 109.96% 91.96% 83.94% 73.73% 36.55%
Announcement Date 3/29/19 4/30/20 6/3/21 4/28/22 4/4/23 3/28/24
1IDR in Million2IDR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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