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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. The company 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 2019 IDRUSD
Revenue8,012.10B566.56M
Gross Profit4,060.34B287.12M
Operating income1,037.94B73.39M
Income before tax1,316.85B93.11M
Net income1,157.95B81.88M
EBITDA2,240.05B158.40M
Diluted EPS62.470.00
Dividends Per Share80.00
Total Assets36,196.02B2,607.31M
Total liabilities18,434.45B1,327.89M
Total equity15,352.47B1,105.88M
Operating cash flow979,826M69.28M
Currency in IDRCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 7,892.40B 7,088.10B 6,818.98B 8,045.98B 8,012.10B
Gross Profit 4,003.83B 3,519.09B 3,271.90B 3,871.66B 4,060.34B
Operating income 2,158.15B 978,214M 824,824M 1,163.38B 1,037.94B
Income before tax 2,164.68B 1,194.49B 1,052.52B 1,345.27B 1,316.85B
Net income 1,283.69B 1,021.23B 888,893M 1,180.24B 1,157.95B
EBITDA 2,885.18B 1,790.49B 1,641.05B 2,211.60B 2,240.05B
Diluted EPS 83.48 55 47.95 63.67 62.47
Dividends Per Share 8.17 6.73 9.50 10 8
Total Assets 26,258.71B 29,072.25B 31,872.30B 34,289.01B 36,196.02B
Total liabilities 13,208.49B 14,774.32B 16,321.72B 17,644.74B 18,434.45B
Total equity 8,404.23B 9,177.48B 13,437.52B 14,373.79B 15,352.47B
Operating cash flow 1,452.27B 41,055M 549,287M 1,043.56B 979,826M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 589.10M 532.92M 509.57M 565.15M 566.56M
Gross Profit 298.85M 264.58M 244.50M 271.94M 287.12M
Operating income 161.08M 73.54M 61.63M 81.71M 73.39M
Income before tax 161.57M 89.80M 78.65M 94.49M 93.11M
Net income 95.81M 76.78M 66.42M 82.90M 81.88M
EBITDA 215.35M 134.61M 122.63M 155.34M 158.40M
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 1,904.87M 2,157.89M 2,349.16M 2,384.49M 2,607.31M
Total liabilities 958.17M 1,096.62M 1,203.00M 1,227.03M 1,327.89M
Total equity 609.66M 681.20M 990.41M 999.56M 1,105.88M
Operating cash flow 108.40M 3.08M 41.04M 73.30M 69.28M

Valuation Measures

Dec 2019
PER16.64
ROA3.28%
ROE7.79%
Operating margin12.95%
Profit margin14.45%

Key executives

  • President Director: Candra Ciputra
  • Director-Operations: Artadinata Djangkar
  • Commissioner & Director-Finance: Junita Ciputra
  • Director: Harun Hajadi
  • Director: Cakra Ciputra

Shareholders

  • CIPUTRA FAMILY (52.7%)
  • The Vanguard Group, Inc. (2.7%)
  • Norges Bank Investment Management (2.7%)
  • Dimensional Fund Advisors LP (1.9%)
  • Fiera Capital, Inc. (1.6%)
  • PT Schroder Investment Management Indonesia (0.9%)
  • BlackRock Fund Advisors (0.7%)
  • Value Partners Ltd. (0.5%)
  • Manulife Investment Management (Hong Kong) Ltd. (0.5%)
  • Allianz Global Investors Asia Pacific Ltd. (0.5%)

Contact Details

Related Companies

  • PT Win Win Realty Centre
  • PT Citra Seraya Supremnusa
  • PT Ciputra Mitra Cipta
  • PT Cakradigdaya Lokaraya
  • PT Ciputra Sukses Property
  • PT Ciputra Royalemeriti
  • PT Ciputra Ayutapradana
  • PT Ciputra Asanagratia
  • PT Ciputra Menara Megah
  • PT Ciputra Puri Trisula
  • PT Ciputra Development 2 Subs/
  • PT Ciputra Indah
  • PT Ciputra Graha Mitra
  • PT Ciputra Raya Sejahtera
  • PT Ciputra Residence
  • Ciputra Dev International Finance BV
  • PT Ciputra Semarang
  • PT Ciputra Property
  • Ciputra Development International Finance BV

Competitors

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