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Finance

PT Ciputra Development Tbk

Company Background

Ciputra Development is one of Indonesia's largest property developers. It has launched about 70 projects in more than 30 cities across the country. Its flagship project, Ciputra World, is a superblock in central Jakarta featuring a mall, office building and apartment complex. It also has several international projects, including a satellite city in northeast China.

The company has expanded into hospitals and budget hotels in recent years. Several of its subsidiaries, including Ciputra Surya and Ciputra Property, are listed on the Indonesia Stock Exchange.

Ciputra Development is a family-run business founded in the early 1980s by Chinese Indonesian businessman Ciputra, who goes by one name and still oversees the company's business as chairman. Several of his children sit on the board of directors at Ciputra Development, including his son Candra Ciputra, who manages operations as president. The Ciputra family owns around 40% of the company's shares. Ciputra is among the founders of several other property-related companies, such as Metropolitan Development and Pembangunan Jaya.

Business Summary

PT Ciputra Development Tbk engages in the development, and sale of real estate, apartments, office spaces, shopping centers, recreational places, and related facilities. It operates through the following segments: Real Estate, Rental, and Others. The company was founded by Ciputra on October 22, 1981 and is headquartered in Jakarta, Indonesia.

Financial Highlights

Dec 2021 IDRUSD
Revenue10,271.01B718.51M
Gross Profit5,245.01B366.91M
Operating income3,358.18B234.92M
Income before tax2,396.71B167.66M
Net income1,735.32B121.39M
EBITDA3,667.24B256.54M
Diluted EPS93.620.00
Dividends Per Share140.00
Total Assets40,668.41B2,853.42M
Total liabilities21,274.21B1,492.66M
Total equity16,970.59B1,190.70M
Operating cash flow3,647.33B255.14M
Currency in IDRCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 6,818.98B 8,045.98B 8,012.10B 8,273.86B 10,271.01B
Gross Profit 3,271.90B 3,871.66B 4,060.34B 4,187.28B 5,245.01B
Operating income 1,375.97B 1,895.68B 1,948.37B 2,402.54B 3,358.18B
Income before tax 1,052.52B 1,345.27B 1,316.85B 1,427.62B 2,396.71B
Net income 888,893M 1,180.24B 1,157.95B 1,320.75B 1,735.32B
EBITDA 1,641.05B 2,211.60B 2,240.05B 2,701.61B 3,667.24B
Diluted EPS 47.95 63.67 62.47 71.25 93.62
Dividends Per Share 9.50 10 8 8.50 14
Total Assets 31,872.30B 34,289.01B 36,196.02B 39,255.18B 40,668.41B
Total liabilities 16,321.72B 17,644.74B 18,434.45B 21,797.65B 21,274.21B
Total equity 13,437.52B 14,373.79B 15,352.47B 15,332.12B 16,970.59B
Operating cash flow 549,287M 1,043.56B 979,826M 1,213.67B 3,647.33B
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 509.57M 565.15M 566.56M 568.97M 718.51M
Gross Profit 244.50M 271.94M 287.12M 287.95M 366.91M
Operating income 102.82M 133.15M 137.77M 165.21M 234.92M
Income before tax 78.65M 94.49M 93.11M 98.17M 167.66M
Net income 66.42M 82.90M 81.88M 90.82M 121.39M
EBITDA 122.63M 155.34M 158.40M 185.78M 256.54M
Diluted EPS 0.00 0.00 0.00 0.00 0.00
Dividends Per Share 0.00 0.00 0.00 0.00 0.00
Total Assets 2,349.16M 2,384.49M 2,607.31M 2,793.96M 2,853.42M
Total liabilities 1,203.00M 1,227.03M 1,327.89M 1,551.43M 1,492.66M
Total equity 990.41M 999.56M 1,105.88M 1,091.25M 1,190.70M
Operating cash flow 41.04M 73.30M 69.28M 83.46M 255.14M

Valuation Measures

Dec 2021
PER10.36
ROA4.34%
ROE10.74%
Operating margin32.69%
Profit margin16.89%

Key executives

  • President Director: Candra Ciputra
  • Operations Director: Sutoto Yakobus
  • Operations Director: Agussurja Widjaja
  • Operations Director: Meiko Handojo Lukmantara
  • Director-Operation: Artadinata Djangkar

Shareholders

  • CIPUTRA FAMILY (53.2%)
  • The Vanguard Group, Inc. (2.6%)
  • Norges Bank Investment Management (2.5%)
  • PT Schroder Investment Management Indonesia (2.2%)
  • Dimensional Fund Advisors LP (1.2%)
  • BlackRock Fund Advisors (0.8%)
  • PineBridge Investments Asia Ltd. (0.8%)
  • FIL Investment Management (Singapore) Ltd. (0.7%)
  • Amundi Asset Management SA (Investment Management) (0.4%)
  • Fideuram Asset Management (Ireland) DAC (0.3%)

Contact Details

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Competitors

    Last Updated on 4 Oct, 2022

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