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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 engages in residential developments, lifestyle malls, and healthcare. It 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 2019 IDRUSD
Revenue12,177.17B861.08M
Gross Profit3,838.52B271.43M
Operating income-526,136M-37.20M
Income before tax-1,665.16B-117.74M
Net income-1,983.29B-140.24M
EBITDA373,717M26.42M
Diluted EPS-43.83-0.00
Dividends Per Share00
Total Assets55,079.58B3,967.55M
Total liabilities20,703.24B1,491.31M
Total equity28,775.01B2,072.75M
Operating cash flow-4,283.01B-302.86M
Currency in IDRCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 8,703.65B 10,749.25B 10,902.92B 11,275.01B 12,177.17B
Gross Profit 3,641.01B 4,438.21B 4,139.17B 4,524.72B 3,838.52B
Operating income 1,446.81B -- -- 995,181M -526,136M
Income before tax 1,284.82B 1,557.74B 1,167.12B 2,060.16B -1,665.16B
Net income 535,393.80M 882,411M 614,172M 719,977M -1,983.29B
EBITDA 2,016.22B -- -- 1,812.76B 373,717M
Diluted EPS 18.65 30.75 21.40 25.09 -43.83
Dividends Per Share 2.77 1.53 2.14 0 0
Total Assets 41,326.55B 45,603.68B 56,772.11B 49,083.46B 55,079.58B
Total liabilities 22,409.79B 23,528.54B 26,911.82B 24,336.39B 20,703.24B
Total equity 16,394.14B 18,572.38B 22,829.10B 17,737.90B 28,775.01B
Operating cash flow -2,520.69B -358,292M -4,465.18B -3,008.57B -4,283.01B
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 649.65M 808.18M 814.75M 791.96M 861.08M
Gross Profit 271.77M 333.69M 309.31M 317.81M 271.43M
Operating income 107.99M -- -- 69.90M -37.20M
Income before tax 95.90M 117.12M 87.21M 144.70M -117.74M
Net income 39.96M 66.34M 45.89M 50.57M -140.24M
EBITDA 150.49M -- -- 127.32M 26.42M
Diluted EPS 0.00 0.00 0.00 0.00 -0.00
Dividends Per Share 0.00 0.00 0.00 0 0
Total Assets 2,997.93M 3,384.94M 4,184.41M 3,413.31M 3,967.55M
Total liabilities 1,625.66M 1,746.41M 1,983.55M 1,692.37M 1,491.31M
Total equity 1,189.27M 1,378.54M 1,682.63M 1,233.51M 2,072.75M
Operating cash flow -188.15M -26.93M -333.67M -211.32M -302.86M

Valuation Measures

Dec 2019
PER--
ROA-3.80%
ROE-8.52%
Operating margin-4.32%
Profit margin-16.28%

Key executives

  • Chief Executive Officer & Director: John Riady
  • Chief Operating Officer: Rudy Halim
  • Chief Financial Officer: Tevilyan Yudhistira Rusli
  • Chief Investment Officer & Director: Surya Tatang
  • Controller: Kah Jin Hong

Shareholders

  • RIADY FAMILY (24.7%)
  • Sierra, Inc. (16.8%)
  • PT Primantara Utama Sejahtera (10.3%)
  • PT Primajaya Anugerah Selaras (3.6%)
  • The Vanguard Group, Inc. (3.0%)
  • Dimensional Fund Advisors LP (2.0%)
  • PT Lippo Karawaci Tbk (0.4%)
  • BlackRock Fund Advisors (0.2%)
  • PT Schroder Investment Management Indonesia (0.1%)
  • NFU Mutual Investment Services Ltd. (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

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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