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Finance

PT Lippo Karawaci Tbk

  • 470.00 IDR
  • -8.00
  • -1.67%
  • Indonesia
    Apr 20, 2018
  • Ticker
    JKT(LPKR)
  • Prev. close
    478
  • Market cap (IDR)
    11,031.10B
  • Market cap (USD)
    794.89M
  • Shares
    23,077.70M

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 the real estate, property, and urban development businesses. 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 2017 IDRUSD
Revenue10,902.92B814.75M
Gross Profit4,139.17B309.31M
Operating income1,278.09B95.50M
Income before tax1,167.12B87.21M
Net income614,172M45.89M
EBITDA1,986.78B148.46M
Diluted EPS26.970.00
Dividends Per Share----
Total Assets56,772.11B4,184.41M
Total liabilities26,911.82B1,983.55M
Total equity22,829.10B1,682.63M
Operating cash flow-4,465.18B-333.67M
Currency in IDRCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 6,993.57B 11,545.71B 8,985.33B 10,749.25B 10,902.92B
Gross Profit 3,241.12B 5,063.95B 3,922.70B 4,438.21B 4,139.17B
Operating income 1,711.39B 2,918.51B 1,467.79B 1,621.01B 1,278.09B
Income before tax 1,924.83B 3,323.95B 1,284.82B 1,557.74B 1,167.12B
Net income 1,228.23B 2,556.24B 535,393.80M 882,411M 614,172M
EBITDA 2,001.57B 3,337.01B 2,037.20B 2,185.03B 1,986.78B
Diluted EPS 53.94 112.26 23.51 38.75 26.97
Dividends Per Share 14.05 16.68 3.50 1.94 --
Total Assets 31,300.36B 37,856.37B 41,326.55B 45,603.68B 56,772.11B
Total liabilities 17,122.78B 20,235.54B 22,409.79B 23,528.54B 26,911.82B
Total equity 12,800.87B 15,587.58B 16,394.14B 18,572.38B 22,829.10B
Operating cash flow -1,766.02B 1,033.82B -2,520.69B -358,292M -4,465.18B
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 669.37M 973.18M 670.68M 808.18M 814.75M
Gross Profit 310.21M 426.84M 292.79M 333.69M 309.31M
Operating income 163.80M 246.00M 109.55M 121.87M 95.50M
Income before tax 184.22M 280.17M 95.90M 117.12M 87.21M
Net income 117.55M 215.46M 39.96M 66.34M 45.89M
EBITDA 191.57M 281.27M 152.06M 164.28M 148.46M
Diluted EPS 0.00 0.00 0.00 0.00 0.00
Dividends Per Share 0.00 0.00 0.00 0.00 --
Total Assets 2,571.92M 3,056.63M 2,997.93M 3,384.94M 4,184.41M
Total liabilities 1,406.96M 1,633.87M 1,625.66M 1,746.41M 1,983.55M
Total equity 1,051.83M 1,258.58M 1,189.27M 1,378.54M 1,682.63M
Operating cash flow -169.03M 87.14M -188.15M -26.93M -333.67M

Valuation Measures

Dec 2017
PER18.09
ROA1.19%
ROE2.96%
Operating margin11.72%
Profit margin5.63%

Key executives

  • President Director: Ketut Budi Wijaya
  • Director: Tjokro Libianto
  • Director: Richard Hendro Setiadi
  • Director-Talent Administration: Norita Alex
  • Head-Internal Audit Unit: Arthur Felix Kalesaran

Shareholders

  • PT Inti Anugrah Propertindo (7.4%)
  • Itradiaz Investment Ltd. (7.3%)
  • Crescendo Investment Ltd. (7.3%)
  • Boston Investment Ltd. /Pt Lippo/ (5.8%)
  • Bullion Investment Ltd. (5.4%)
  • PT Metropolis Propertindo Utama (5.2%)
  • The Vanguard Group, Inc. (3.2%)
  • Dimensional Fund Advisors LP (2.6%)
  • PT Lippo Karawaci Tbk (1.3%)
  • BlackRock Fund Advisors (0.7%)

Contact Details

  • Website:http://www.lippokarawaci.co.id
  • Address: No. 22-00, Menara Matahari, 7 Boulevard Palem Raya, Tangerang, 15811, Indonesia
  • Phone: +62.21.2566.9000

Related Companies

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  • 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
  • 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.
  • Bowsprit Capital Corp. Ltd.
  • PT Sentra Dwimandiri
  • Lippo Karawaci Finance BV
  • PT Aryaduta Hotels
  • PT Lippo Land Development

Competitors

    Last Updated on 20 Apr, 2018

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