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Finance

PT Lippo Karawaci Tbk

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 is a real estate company. It engages in residential developments, lifestyle malls, and healthcare. The firm operates through the following segments: Real Estate Development; Real Estate Management & Services; and Fund Management /Investments. The Real Estate Development segment comprises of urban development and development of facilities and infrastructure, food business and other investments, real estate in large scale integrated development project and its infrastructure development activities. The Real Estate Management & Services segment consists of real estate activities in developing and managing shopping center, health services, hotels, restaurants, town management and water and sewage treatment, recreation center, transportation and maintenance services. The Fund Management /Investments segment comprises activities in management services. The company was founded on October 15, 1990 and is headquartered in Tangerang, Indonesia.

Financial Highlights

Dec 2021 IDRUSD
Revenue16,138.53B1,128.97M
Gross Profit4,362.84B305.20M
Operating income796,583M55.72M
Income before tax-1,108.25B-77.52M
Net income-1,602.89B-112.13M
EBITDA3,155.48B220.74M
Diluted EPS-22.64-0.00
Dividends Per Share00
Total Assets52,080.93B3,654.16M
Total liabilities29,594.92B2,076.47M
Total equity18,751.97B1,315.69M
Operating cash flow1,633.03B114.23M
Currency in IDRCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 10,902.92B 11,275.01B 12,177.17B 11,810.95B 16,138.53B
Gross Profit 4,139.17B 4,524.72B 3,838.52B 2,629.78B 4,362.84B
Operating income 1,278.09B 995,181M -526,136M -3,499.84B 796,583M
Income before tax 1,167.12B 2,060.16B -1,665.16B -9,310.77B -1,108.25B
Net income 614,172M 719,977M -1,983.29B -8,891.10B -1,602.89B
EBITDA 1,986.78B 1,812.76B 373,717M -1,675.83B 3,155.48B
Diluted EPS 21.40 25.09 -43.83 -125.86 -22.64
Dividends Per Share 2.14 0 0 0 0
Total Assets 56,772.11B 49,083.46B 55,079.58B 51,865.48B 52,080.93B
Total liabilities 26,911.82B 24,336.39B 20,703.24B 28,291.82B 29,594.92B
Total equity 22,829.10B 17,737.90B 28,775.01B 19,477.47B 18,751.97B
Operating cash flow -4,465.18B -3,008.57B -4,283.01B -2,267.07B 1,633.03B
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 814.75M 791.96M 861.08M 812.21M 1,128.97M
Gross Profit 309.31M 317.81M 271.43M 180.84M 305.20M
Operating income 95.50M 69.90M -37.20M -240.67M 55.72M
Income before tax 87.21M 144.70M -117.74M -640.28M -77.52M
Net income 45.89M 50.57M -140.24M -611.42M -112.13M
EBITDA 148.46M 127.32M 26.42M -115.24M 220.74M
Diluted EPS 0.00 0.00 -0.00 -0.00 -0.00
Dividends Per Share 0.00 0 0 0 0
Total Assets 4,184.41M 3,413.31M 3,967.55M 3,691.49M 3,654.16M
Total liabilities 1,983.55M 1,692.37M 1,491.31M 2,013.65M 2,076.47M
Total equity 1,682.63M 1,233.51M 2,072.75M 1,386.29M 1,315.69M
Operating cash flow -333.67M -211.32M -302.86M -155.90M 114.23M

Valuation Measures

Dec 2021
PER--
ROA-3.08%
ROE-8.38%
Operating margin4.93%
Profit margin-9.93%

Key executives

  • President Director: John Riady
  • Chief Operating Officer & Director: Rudy Halim
  • Chief Financial Officer & Director: Meng Kuan Phua
  • Chief Investment Officer & Director: Surya Tatang
  • Director: Marshall Martinus Tissadharma

Shareholders

  • RIADY FAMILY (27.4%)
  • Sierra, Inc. (15.8%)
  • PT Primantara Utama Sejahtera (10.3%)
  • Tokyo Century Corp. (2.3%)
  • The Vanguard Group, Inc. (2.1%)
  • Dimensional Fund Advisors LP (1.1%)
  • Eastspring Investments (Singapore) Ltd. (0.2%)
  • BlackRock Fund Advisors (0.2%)
  • BlackRock Advisors (UK) Ltd. (0.1%)
  • PT Lippo Karawaci Tbk (0.1%)

Contact Details

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

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Competitors

    Last Updated on 23 Sep, 2022

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