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Lippo Cikarang

BST:LCW
Snowflake Description

Reasonable growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LCW
BST
IDR3,283B
Market Cap
  1. Home
  2. DE
  3. Real Estate
Company description

PT Lippo Cikarang Tbk, together with its subsidiaries, engages in the development of real estate and industrial estate projects in Indonesia. The last earnings update was 17 days ago. More info.


Add to Portfolio Compare Print
  • Lippo Cikarang has significant price volatility in the past 3 months.
LCW Share Price and Events
7 Day Returns
0%
BST:LCW
0.9%
DE Real Estate
0%
DE Market
1 Year Returns
16.4%
BST:LCW
-1.1%
DE Real Estate
9.9%
DE Market
LCW Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Lippo Cikarang (LCW) 0% 0% 10% 16.4% -78.2% -85.2%
DE Real Estate 0.9% -1.1% 4.1% -1.1% 39.2% 87.2%
DE Market 0% 4.4% 13.6% 9.9% 14.6% 18.2%
1 Year Return vs Industry and Market
  • LCW outperformed the Real Estate industry which returned -1.1% over the past year.
  • LCW outperformed the Market in Germany which returned 9.9% over the past year.
Price Volatility
LCW
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Lippo Cikarang's competitors could be found in our database.

Value

 Is Lippo Cikarang undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Lippo Cikarang to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Lippo Cikarang.

BST:LCW Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BST:LCW
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.051 (1 + (1- 25%) (6.1%))
1.066
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.07
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.066 * 5.96%)
6.58%

Discounted Cash Flow Calculation for BST:LCW using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Lippo Cikarang is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

BST:LCW DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (IDR, Millions) Source Present Value
Discounted (@ 6.58%)
2020 303,400.00 Analyst x1 284,660.81
2021 447,200.00 Analyst x1 393,664.27
2022 557,920.51 Est @ 24.76% 460,795.94
2023 654,995.49 Est @ 17.4% 507,559.23
2024 735,219.34 Est @ 12.25% 534,536.59
2025 798,756.99 Est @ 8.64% 544,862.97
2026 847,623.35 Est @ 6.12% 542,484.88
2027 884,502.25 Est @ 4.35% 531,123.81
2028 912,045.67 Est @ 3.11% 513,837.18
2029 932,550.29 Est @ 2.25% 492,939.14
Present value of next 10 years cash flows IDR4,806,464.00
BST:LCW DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= IDR932,550.29 × (1 + 0.23%) ÷ (6.58% – 0.23%)
IDR14,707,759.28
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= IDR14,707,759.28 ÷ (1 + 6.58%)10
IDR7,774,412.02
BST:LCW Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= IDR4,806,464.00 + IDR7,774,412.02
IDR12,580,876.02
Equity Value per Share
(IDR)
= Total value / Shares Outstanding
= IDR12,580,876.02 / 2,679.60
IDR4695.06
BST:LCW Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:LCW represents 7.0E-5x of IDX:LPCK
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
7.0E-5x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (IDR) x Listing Adjustment Factor
= IDR 4,695.06 x 7.0E-5
€0.33
Value per share (EUR) From above. €0.33
Current discount Discount to share price of €0.09
= -1 x (€0.09 - €0.33) / €0.33
73.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Lippo Cikarang is available for.
Intrinsic value
>50%
Share price is €0.085 vs Future cash flow value of €0.32578
Current Discount Checks
For Lippo Cikarang to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Lippo Cikarang's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Lippo Cikarang's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Lippo Cikarang's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Lippo Cikarang's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:LCW PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in IDR IDR-169.77
IDX:LPCK Share Price ** IDX (2019-11-15) in IDR IDR1225
Germany Real Estate Industry PE Ratio Median Figure of 35 Publicly-Listed Real Estate Companies 12.72x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 19.5x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Lippo Cikarang.

BST:LCW PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= IDX:LPCK Share Price ÷ EPS (both in IDR)

= 1225 ÷ -169.77

-7.22x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lippo Cikarang is loss making, we can't compare its value to the DE Real Estate industry average.
  • Lippo Cikarang is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Lippo Cikarang's expected growth come at a high price?
Raw Data
BST:LCW PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -7.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
64.7%per year
Germany Real Estate Industry PEG Ratio Median Figure of 19 Publicly-Listed Real Estate Companies 0.62x
Germany Market PEG Ratio Median Figure of 253 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Lippo Cikarang, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Lippo Cikarang's assets?
Raw Data
BST:LCW PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in IDR IDR3,963.36
IDX:LPCK Share Price * IDX (2019-11-15) in IDR IDR1225
Germany Real Estate Industry PB Ratio Median Figure of 43 Publicly-Listed Real Estate Companies 1.4x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.86x
BST:LCW PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= IDX:LPCK Share Price ÷ Book Value per Share (both in IDR)

= 1225 ÷ 3,963.36

0.31x

* Primary Listing of Lippo Cikarang.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lippo Cikarang is good value based on assets compared to the DE Real Estate industry average.
X
Value checks
We assess Lippo Cikarang's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Lippo Cikarang has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Lippo Cikarang expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
64.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Lippo Cikarang expected to grow at an attractive rate?
  • Lippo Cikarang's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Lippo Cikarang's earnings growth is expected to exceed the Germany market average.
  • Lippo Cikarang's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:LCW Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:LCW Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 64.7%
BST:LCW Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 8.6%
Germany Real Estate Industry Earnings Growth Rate Market Cap Weighted Average -8%
Germany Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 2.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BST:LCW Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in IDR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:LCW Future Estimates Data
Date (Data in IDR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,473,000 1,055,100 458,200 1
2020-12-31 1,307,600 433,000 432,500 1
2019-12-31 1,025,700 1,439,300 364,000 1
2019-11-17
BST:LCW Past Financials Data
Date (Data in IDR Millions) Revenue Cash Flow Net Income *
2019-09-30 1,367,192 -28,606 -370,727
2019-06-30 1,671,459 19,921 130,031
2019-03-31 2,205,119 -517,078 2,225,325
2018-12-31 2,124,392 -475,306 1,961,585
2018-09-30 2,074,051 -1,374,209 1,438,618
2018-06-30 1,752,850 -2,425,829 953,980
2018-03-31 1,325,403 -3,441,422 262,689
2017-12-31 1,457,524 -3,431,032 -821,999
2017-09-30 1,503,859 -2,625,186 493,828
2017-06-30 1,463,123 -1,408,973 450,819
2017-03-31 1,396,294 69,819 501,594
2016-12-31 1,484,560 262,667 539,822

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Lippo Cikarang's earnings are expected to grow significantly at over 20% yearly.
  • Lippo Cikarang's revenue is expected to grow by 8.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BST:LCW Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Lippo Cikarang Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:LCW Future Estimates Data
Date (Data in IDR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 171.00 171.00 171.00 1.00
2020-12-31 161.00 161.00 161.00 1.00
2019-12-31 136.00 136.00 136.00 1.00
2019-11-17
BST:LCW Past Financials Data
Date (Data in IDR Millions) EPS *
2019-09-30 -169.77
2019-06-30 186.83
2019-03-31 3,197.31
2018-12-31 2,818.37
2018-09-30 2,066.98
2018-06-30 1,370.66
2018-03-31 377.43
2017-12-31 -1,181.03
2017-09-30 709.52
2017-06-30 647.73
2017-03-31 720.68
2016-12-31 775.61

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Lippo Cikarang is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Lippo Cikarang's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Lippo Cikarang has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Lippo Cikarang performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Lippo Cikarang's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Lippo Cikarang does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Lippo Cikarang's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Lippo Cikarang's 1-year growth to the DE Real Estate industry average as it is not currently profitable.
Earnings and Revenue History
Lippo Cikarang's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Lippo Cikarang Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:LCW Past Revenue, Cash Flow and Net Income Data
Date (Data in IDR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 1,367,192.00 -370,727.00 184,951.00
2019-06-30 1,671,459.00 130,031.00 180,707.00
2019-03-31 2,205,119.00 2,225,325.00 271,373.00
2018-12-31 2,124,392.00 1,961,585.00 373,204.00
2018-09-30 2,074,051.00 1,438,618.00 1,667,785.00
2018-06-30 1,752,850.00 953,980.00 1,605,696.00
2018-03-31 1,325,403.00 262,689.00 300,985.00
2017-12-31 1,457,524.00 -821,999.00 1,461,187.00
2017-09-30 1,503,859.00 493,828.00 183,742.00
2017-06-30 1,463,123.11 450,818.61 240,962.41
2017-03-31 1,396,294.25 501,594.23 182,591.61
2016-12-31 1,484,560.00 539,822.00 185,687.00
2016-09-30 1,742,451.14 644,229.32 186,302.70
2016-06-30 1,932,845.21 787,337.16 189,919.75
2016-03-31 2,035,954.61 858,645.12 201,676.98
2015-12-31 2,035,065.10 910,576.23 199,540.23
2015-09-30 1,911,872.20 896,192.77 180,597.01
2015-06-30 1,861,501.15 920,381.41 164,724.25
2015-03-31 1,797,911.95 893,412.88 145,143.80
2014-12-31 1,719,853.94 845,971.87 134,782.84
2014-09-30 1,729,142.18 848,306.63 116,603.17
2014-06-30 1,581,891.75 711,753.53 115,555.80
2014-03-31 1,517,276.90 686,510.38 112,576.04
2013-12-31 1,327,909.17 590,616.93 104,672.42
2013-09-30 1,126,499.85 543,084.62 94,239.18
2013-06-30 1,077,885.65 504,710.78 85,284.27
2013-03-31 1,021,193.39 448,878.12 79,229.90
2012-12-31 1,013,069.15 407,021.91 79,732.91

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Lippo Cikarang has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Lippo Cikarang has efficiently used its assets last year compared to the DE Real Estate industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Lippo Cikarang improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Lippo Cikarang's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Lippo Cikarang has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Lippo Cikarang's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Lippo Cikarang's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Lippo Cikarang is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Lippo Cikarang's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Lippo Cikarang's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 29.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Lippo Cikarang Company Filings, last reported 1 month ago.

BST:LCW Past Debt and Equity Data
Date (Data in IDR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 10,889,447.00 200,275.00 798,637.00
2019-06-30 8,153,836.00 308,181.00 1,248,510.00
2019-03-31 7,033,588.00 307,837.00 798,197.00
2018-12-31 7,530,028.00 280.00 854,369.00
2018-09-30 7,538,246.00 0.00 882,898.00
2018-06-30 7,512,566.00 0.00 885,418.00
2018-03-31 7,783,541.00 74,359.00 454,521.00
2017-12-31 6,532,650.00 325,965.00 838,006.00
2017-09-30 7,176,425.00 0.00 673,138.00
2017-06-30 4,555,662.54 0.00 779,102.55
2017-03-31 4,485,012.27 0.00 1,012,015.72
2016-12-31 4,242,691.00 9,722.00 1,138,314.00
2016-09-30 4,158,625.03 0.00 997,369.85
2016-06-30 4,043,839.86 0.00 956,650.44
2016-03-31 3,876,035.21 0.00 864,916.47
2015-12-31 3,633,295.77 30,000.00 902,883.40
2015-09-30 3,314,364.22 0.00 706,371.03
2015-06-30 3,216,840.38 14,937.10 831,866.20
2015-03-31 2,946,485.46 14,931.40 386,643.39
2014-12-31 2,678,146.41 0.00 299,525.91
2014-09-30 2,499,294.08 0.00 256,458.85
2014-06-30 2,222,533.98 0.00 303,248.77
2014-03-31 2,046,673.93 0.00 223,319.63
2013-12-31 1,819,086.08 0.00 308,287.55
2013-09-30 1,650,987.45 0.00 657,710.67
2013-06-30 1,510,780.46 0.00 519,660.55
2013-03-31 1,360,163.55 0.00 367,420.72
2012-12-31 1,228,469.15 0.00 310,472.78
  • Lippo Cikarang's level of debt (1.8%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Lippo Cikarang's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • Lippo Cikarang is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Lippo Cikarang's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Lippo Cikarang has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Lippo Cikarang's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Lippo Cikarang dividends.
If you bought €2,000 of Lippo Cikarang shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Lippo Cikarang's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Lippo Cikarang's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BST:LCW Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Germany Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 2.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 333 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BST:LCW Future Dividends Estimate Data
Date (Data in IDR) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
2019-11-17

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Lippo Cikarang has not reported any payouts.
  • Unable to verify if Lippo Cikarang's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Lippo Cikarang's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Lippo Cikarang has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Lippo Cikarang's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Lippo Cikarang afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Lippo Cikarang has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Lippo Cikarang's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Sie Subiyanto
AGE 55
TENURE AS CEO 1.4 years
CEO Bio

Mr. Sie Subiyanto has been the President Director of PT Lippo Cikarang Tbk since June 5, 2018. He began his career at PT Sika Nusa Pratama as Sales Manager in 1988, PT Ongko Group as a Business Development Manager in 1991. Then in 1997 as Deputy General Manager at PT Ciputra Group. Joined PT Summarecon Group as Construction Manager and lastly served as General Manager in 2001. Then as Director of Town Management at PT Lippo Karawaci Tbk since 2013. He holds a degree in Civil Engineering from Atmajaya University Yogyakarta and a Master of Management from the Jakarta Institute of Education and Management.

CEO Compensation
  • Insufficient data for Sie to compare compensation growth.
  • Insufficient data for Sie to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Lippo Cikarang management team in years:

6.8
Average Tenure
45
Average Age
  • The average tenure for the Lippo Cikarang management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Sie Subiyanto

TITLE
President Director
AGE
55
TENURE
1.4 yrs

Yoseph Tannos

TITLE
Head of Internal Audit Unit
AGE
44
TENURE
7.6 yrs

Chung Huang

TITLE
Chief Project Officer & Development Officer and Senior Executive
AGE
46
TENURE
6.8 yrs

Lora Oktaviani

TITLE
Corporate Secretary & Director
AGE
33
Board of Directors Tenure

Average tenure and age of the Lippo Cikarang board of directors in years:

2
Average Tenure
44.5
Average Age
  • The average tenure for the Lippo Cikarang board of directors is less than 3 years, this suggests a new board.
Board of Directors

Lora Oktaviani

TITLE
Corporate Secretary & Director
AGE
33
TENURE
1.4 yrs

Hadi Cahyadi

TITLE
Independent Commissioner
AGE
53
TENURE
4.5 yrs

Sie Subiyanto

TITLE
President Director
AGE
55
TENURE
1.4 yrs

Theo Sambuaga

TITLE
President Commissioner
AGE
70
TENURE
1.4 yrs

Ju Salim

TITLE
Director
AGE
46
TENURE
9.5 yrs

Kah Jin Hong

TITLE
Director
AGE
43

Alexander Yasa

TITLE
Director
AGE
28
TENURE
2 yrs

- Juvantia

TITLE
Independent Director
AGE
39
TENURE
2 yrs

- Sony

TITLE
Independent Director
AGE
43
TENURE
2 yrs

Sugiono Djauhari

TITLE
Commissioner
AGE
76
TENURE
17.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Lippo Cikarang's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Lippo Cikarang has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

PT Lippo Cikarang Tbk, together with its subsidiaries, engages in the development of real estate and industrial estate projects in Indonesia. It is also involved in the provision of supporting services, including estate management, public transport, and recreation services. In addition, the company offers building management, clean and waste water management, marketing, and art, as well as trading, development, and other services. PT Lippo Cikarang Tbk was founded in 1987 and is based in Bekasi, Indonesia.

Details
Name: PT Lippo Cikarang Tbk
LCW
Exchange: BST
Founded: 1987
IDR211,256,882
2,679,600,000
Website: http://www.lippo-cikarang.com
Address: PT Lippo Cikarang Tbk
Easton Commercial Center,
Jalan Gn. Panderman Kav. 05,
Bekasi,
Jawa Barat, 17550,
Indonesia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
IDX LPCK Common Shares Indonesia Stock Exchange ID IDR 24. Jul 1997
BST LCW Common Shares Boerse-Stuttgart DE EUR 24. Jul 1997
Number of employees
Current staff
Staff numbers
541
Lippo Cikarang employees.
Industry
Diversified Real Estate Activities
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/17 21:45
End of day share price update: 2019/11/15 00:00
Last estimates confirmation: 2019/08/08
Last earnings filing: 2019/10/31
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.