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Finance

PT Lippo Karawaci Tbk

  • 318.00 IDR
  • +2.00
  • +0.63%
  • Indonesia
    May 22, 2019
  • Ticker
    JKT(LPKR)
  • Prev. close
    316
  • Market cap (IDR)
    7,292.55B
  • Market cap (USD)
    502.06M
  • Shares
    23,077.68M

Company Background

Lippo Karawaci is the Indonesian property arm of Chinese-Indonesian conglomerate Lippo Group. It is the country's largest property developer by assets and one of its largest shopping mall operators. Its flagship Lippo Village is a satellite city on the outskirts of Jakarta that includes residential properties, hotels and a golf course.

Theo L. Sambuaga, the company's chairman, is the president of Lippo Group and former minister of housing and labor. He is also the vice chairman of the former ruling Golkar Party. President Ketut Budi Wijaya has a background in finance and previously held executive positions in other Lippo Group companies such as Matahari Putra Prima and Multipolar.

While members of the founding family do not directly control seats on the board, they are involved in Lippo Karawaci's major strategic decisions. Lippo Group indirectly owns about 18% of the company's shares.

Lippo Karawaci is expanding its health care business, aiming to raise the number of hospitals it runs from 16 in 2013 to 40 by 2017. Its hospital unit, Siloam International Hospitals, went public in 2013.

Business Summary

PT Lippo Karawaci Tbk engages in residential developments, lifestyle malls, and healthcare. It operates through the following segments: Urban Development; Large Scale Integrated Development; Retail Malls; Healthcare; Hospitality and Infrastructure; and Property and Portfolio Management. The Urban Development segment comprises of real estate; land acquisition and clearing; land development and excavation; and infrastructure development activities. The Large Scale Integrated Development segment consists of real estate activities in large scale integrated development project and its infrastructure development. The Retail Malls segment develops and manages shopping centers. The Healthcare segment focuses on health services activities. The Hospitality and Infrastructure segment consists of activities in hotels, restaurants, town management, water and sewage treatment, recreation center, transportation, and maintenance services. The Property and Portfolio Management segment covers management services activities. The company was founded on October 15, 1990 and is headquartered in Tangerang, Indonesia.

Financial Highlights

Dec 2018 IDRUSD
Revenue12,282.44B862.72M
Gross Profit5,232.02B367.50M
Operating income1,562.25B109.73M
Income before tax2,123.56B149.16M
Net income695,146M48.82M
EBITDA2,369.33B166.42M
Diluted EPS30.520.00
Dividends Per Share00
Total Assets49,806.41B3,463.58M
Total liabilities24,336.39B1,692.37M
Total equity18,750.97B1,303.96M
Operating cash flow-1,950.65B-137.01M
Currency in IDRCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 11,282.61B 8,703.65B 10,749.25B 10,902.92B 12,282.44B
Gross Profit 4,800.84B 3,641.01B 4,438.21B 4,139.17B 5,232.02B
Operating income 2,842.32B 1,446.81B -- -- 1,562.25B
Income before tax 3,323.95B 1,284.82B 1,557.74B 1,167.12B 2,123.56B
Net income 2,556.24B 535,393.80M 882,411M 614,172M 695,146M
EBITDA 3,260.81B 2,016.22B -- -- 2,369.33B
Diluted EPS 112.26 23.51 38.75 26.97 30.52
Dividends Per Share 16.68 3.50 1.94 2.70 0
Total Assets 37,856.37B 41,326.55B 45,603.68B 56,772.11B 49,806.41B
Total liabilities 20,235.54B 22,409.79B 23,528.54B 26,911.82B 24,336.39B
Total equity 15,587.58B 16,394.14B 18,572.38B 22,829.10B 18,750.97B
Operating cash flow 1,033.82B -2,520.69B -358,292M -4,465.18B -1,950.65B
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 951.01M 649.65M 808.18M 814.75M 862.72M
Gross Profit 404.66M 271.77M 333.69M 309.31M 367.50M
Operating income 239.57M 107.99M -- -- 109.73M
Income before tax 280.17M 95.90M 117.12M 87.21M 149.16M
Net income 215.46M 39.96M 66.34M 45.89M 48.82M
EBITDA 274.85M 150.49M -- -- 166.42M
Diluted EPS 0.00 0.00 0.00 0.00 0.00
Dividends Per Share 0.00 0.00 0.00 0.00 0
Total Assets 3,056.63M 2,997.93M 3,384.94M 4,184.41M 3,463.58M
Total liabilities 1,633.87M 1,625.66M 1,746.41M 1,983.55M 1,692.37M
Total equity 1,258.58M 1,189.27M 1,378.54M 1,682.63M 1,303.96M
Operating cash flow 87.14M -188.15M -26.93M -333.67M -137.01M

Valuation Measures

Dec 2018
PER8.32
ROA1.30%
ROE3.34%
Operating margin12.71%
Profit margin5.65%

Key executives

  • Chief Executive Officer & Director: John Riady
  • Chief Operating Officer & Director: Marshall Martinus Tissadharma
  • Chief Financial Officer & Director: Surya Tatang
  • Head-Internal Audit Unit: Arthur Felix Kalesaran
  • Controller: Kah Jin Hong

Shareholders

  • RIADY FAMILY (36.3%)
  • PT Primantara Utama Sejahtera (9.4%)
  • PT Metropolis Propertindo Utama (8.7%)
  • PT Multipolar Tbk (5.2%)
  • The Vanguard Group, Inc. (3.1%)
  • Dimensional Fund Advisors LP (2.5%)
  • PT Lippo Karawaci Tbk (1.3%)
  • NFU Mutual Investment Services Ltd. (0.5%)
  • BlackRock Fund Advisors (0.3%)
  • Canada Pension Plan Investment Board (0.2%)

Contact Details

  • Website:http://www.lippokarawaci.co.id
  • Address: Jalan Boulevard, Palem Raya No. 7, Menara Matahari 22nd-23rd Floor, Tangerang, 15811, Indonesia
  • Phone: +62.21.2566.9000

Related Companies

  • Jesselton Investment Ltd.
  • Peninsula Investment Ltd. (Malaysia)
  • Sigma Trilium Pte Ltd.
  • PT Mega Indah Gemilang
  • PT Abadi Jaya Sakti
  • PT Graha Jaya Pratama
  • PT Eramulia Pratamajaya
  • PT Kemining Satiatama
  • PT Siloam Health Care
  • Lippo Digital Ventures
  • PT Tritunggal Sentra Utama
  • Siloam Hospitals Bali
  • PT Lippo Karawaci Hospitals (2)/
  • Theta Capital Pte Ltd.
  • Rumah Sakit Balikpapan Husada
  • Lippo Karawaci Corp. Pte Ltd.
  • PT Primakreasi Propertindo
  • Sigma Capital Pte Ltd.
  • PT Sentra Dwimandiri
  • Lippo Karawaci Finance BV
  • PT Aryaduta Hotels
  • PT Lippo Land Development
  • PT Siloam International Hospitals Tbk

Competitors

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