PT PERDANA GAPURAPRIMA TBK (GPRA.JK)

Friday

9:05 PM

Thesis: The recent decline in net income and revenue growth, coupled with rising construction costs, has led to increased concerns about margin compression and overall profitability.

Revenue Outlook

Metric	FY2025	FY2026E	FY2027E
Revenue	$454.3B	$476.0B	$400.0B
Rev. Growth	-12.1%	+4.8%	-16.0%
EPS	$19.14	$20.70	$9.40
EPS Growth	-32.4%	+8.2%	-54.6%
P/E (fwd)	5.3×	4.9×	10.9×

★ Analysts see FY2026 revenue reaching $476.0B — +4.8% growth in a single year.

What Moves the Stock

1Changes in housing demand in Jakarta and surrounding areas
2Fluctuations in interest rates affecting mortgage affordability
3Government policies impacting real estate development and foreign investment
4Trends in urbanization and population growth in Indonesia
5Residential property sales (approximately 60%)
6Commercial property leasing (approximately 30%)
7Property management services (approximately 10%)
8Urbanization in Indonesia driving demand for housing

FY2025 Snapshot

Revenue: $454.3B
Rev. Growth: -12.1%
Gross Margin: 53.8%
Op. Margin: 24.8%
Net Margin: 18.0%
Net Income: $81.8B
NI Growth: -34.0%
EPS: $19.14
1Y Return: -16.2%

GPRA.JK Chart

My Notes

"Management noted, 'While we are optimistic about future projects, current market conditions present significant challenges.'"
Moat: The company has a moderate moat due to its established brand and strategic land holdings, but faces increasing competition.
value - Investors may be attracted to the low price-to-book ratio of 0.3, indicating potential undervaluation.
Higher interest rates increase borrowing costs for homebuyers, potentially reducing demand for residential properties and impacting sales.
Watch on earnings: Housing Starts (HOUST), Consumer Sentiment (UMCSENT), 30-Year Fixed Mortgage Rate (MORTGAGE30US).

One Sentence Summary:

PT Perdana Gapuraprima Tbk: the story is balanced — changes in housing demand in jakarta and surrounding areas.

Auto-composed from Stock Alarm intelligence, financial statements, and analyst estimates. Not investment advice.

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