Financials PT Gema Grahasarana Tbk

Equities

GEMA

ID1000092505

Homebuilding

End-of-day quote INDONESIA S.E. 18:00:00 2024-06-13 EDT 5-day change 1st Jan Change
290 IDR +4.32% Intraday chart for PT Gema Grahasarana Tbk +5.84% +3.57%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 505,600 540,800 553,600 566,400 480,000 448,000
Enterprise Value (EV) 1 746,633 700,608 762,882 848,674 807,336 822,893
P/E ratio 23.4 x 20.9 x 439 x 44.1 x 2,311 x 32.9 x
Yield - 1.48% - - - -
Capitalization / Revenue 0.43 x 0.46 x 0.56 x 0.51 x 0.43 x 0.35 x
EV / Revenue 0.63 x 0.59 x 0.78 x 0.76 x 0.73 x 0.65 x
EV / EBITDA 8.41 x 6.89 x 10.9 x 9.64 x 8.71 x 8.29 x
EV / FCF -35.5 x 5.92 x 20.8 x -24.7 x -148 x -37.4 x
FCF Yield -2.82% 16.9% 4.8% -4.05% -0.67% -2.68%
Price to Book 1.19 x 1.4 x 1.46 x 1.42 x 1.2 x 1.09 x
Nbr of stocks (in thousands) 1,600,000 1,600,000 1,600,000 1,600,000 1,600,000 1,600,000
Reference price 2 316.0 338.0 346.0 354.0 300.0 280.0
Announcement Date 3/28/19 5/11/20 5/31/21 5/24/22 3/28/23 3/27/24
1IDR in Million2IDR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,176,679 1,187,270 984,347 1,110,432 1,109,283 1,267,991
EBITDA 1 88,810 101,749 69,738 88,045 92,721 99,322
EBIT 1 77,182 88,302 52,862 70,015 62,867 70,386
Operating Margin 6.56% 7.44% 5.37% 6.31% 5.67% 5.55%
Earnings before Tax (EBT) 1 51,517 58,967 24,955 37,283 25,123 44,246
Net income 1 21,624 25,846 1,261 12,851 207.7 13,637
Net margin 1.84% 2.18% 0.13% 1.16% 0.02% 1.08%
EPS 2 13.51 16.15 0.7880 8.032 0.1298 8.520
Free Cash Flow 1 -21,020 118,380 36,649 -34,400 -5,445 -22,023
FCF margin -1.79% 9.97% 3.72% -3.1% -0.49% -1.74%
FCF Conversion (EBITDA) - 116.35% 52.55% - - -
FCF Conversion (Net income) - 458.03% 2,906.88% - - -
Dividend per Share - 5.000 - - - -
Announcement Date 3/28/19 5/11/20 5/31/21 5/24/22 3/28/23 3/27/24
1IDR in Million2IDR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 241,033 159,808 209,282 282,274 327,336 374,893
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.714 x 1.571 x 3.001 x 3.206 x 3.53 x 3.775 x
Free Cash Flow 1 -21,020 118,380 36,649 -34,400 -5,445 -22,023
ROE (net income / shareholders' equity) 5.2% 7.7% 0.41% 3.45% 0.18% 3.64%
ROA (Net income/ Total Assets) 5.37% 5.66% 3.42% 4.29% 3.64% 4.01%
Assets 1 402,979 456,339 36,902 299,364 5,714 340,077
Book Value Per Share 2 266.0 241.0 237.0 249.0 250.0 256.0
Cash Flow per Share 2 33.10 47.60 45.60 59.00 36.10 21.90
Capex 1 69,849 21,127 44,097 45,153 33,035 24,793
Capex / Sales 5.94% 1.78% 4.48% 4.07% 2.98% 1.96%
Announcement Date 3/28/19 5/11/20 5/31/21 5/24/22 3/28/23 3/27/24
1IDR in Million2IDR
Estimates
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