Ciputra Development, a Leading Indonesian Property Company
Ciputra Development, part of the Ciputra Group, is one of the largest property companies in Indonesia. It focuses on residential and commercial property projects, which include housing, hotels, shopping centers, apartments, office space, recreational places and related facilities. Ciputra Development develops various mega-projects, such as the Ciputra World 1 project in Jakarta which contributes to the development and transition of Jakarta towards becoming a modern and luxurious city.
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Ciputra Development's Financial Highlights:
| 2010 | 2011 | 2012 | |
| Revenues | 1,692.7 | 2,178.3 | 3,322.7 |
| Net Sales |
1,301.4 | 1,742.3 | 2,686.3 |
| Gross Profit |
734.7 | 1,043.0 | 1,666.6 |
| EBITDA | 434.2 | 616.5 | 1,093.6 |
| Profit from Operations |
374.9 | 539.5 | 980.4 |
| Net Profit | 258.0 | 324.8 | 589.1 |
| Total Assets | 9,378.3 | 11,524.9 | 15,023.4 |
| Total Liabilities | 2,126.2 | 3,877.4 | 6,542.6 |
| Earnings per Share¹ | 17 | 21 | 39 |
| Cash Dividend per Share¹ | 6 | 7 | 12 |
| P/E Ratio (x) | 20.6 | 25.2 | 20.6 |
in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
Source: Ciputra Development, Annual Report 2012
Future Projection Financial Performance Ciputra Development:
| 2011 | 2012 | 2013F | 2014F | 2015F | |
| Revenues | 2,178.3 | 3,322.7 | 6,613.0 | 7,999.0 | 8,908.0 |
| EBITDA | 616.5 | 1,093.6 | 2,164.0 | 2,708.0 | 3,155.0 |
| Net Profit | 324.8 | 589.1 | 1,182.0 | 1,269.0 | 1,684.0 |
| Earnings per Share¹ | 21 | 39 | 76 | 81 | 108 |
| P/E Ratio (x) | 25.2 | 20.6 | 15.8 | 14.8 | 11.1 |
in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
Source: Investor Daily