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PT Lippo Cikarang Tbk, (LPCK) Fair Value & Analysis

Real Estate · ID · Market cap 2.6T IDR

PL PT Lippo Cikarang Tbk, LPCK · JK
Price615.00 IDR
Fair Value607.21 IDR
Upside-1.3%
Quality37/100
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Expensive Growth
Thin margins · 3.7% net margin
Low debt · negative free cash flow
Mixed vs. peers (6/13)
Narrow moat 34/100
Evidence: High Range 455.40 IDR – 759.01 IDR Share as image

Fair value as of: Jul 14, 2026

From 7 valuation models · updated 27 days ago

Share price +19.4% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

1,450 IDR 430.00 IDR Fair Value 607.21 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range 430.00 IDR – 1,450 IDR · fair‑value band 455.40 IDR – 759.01 IDR · the 615.00 IDR price screens above the 607.21 IDR fair value. Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

PT Lippo Cikarang Tbk, (LPCK) currently trades at 615.00 IDR, while our model-based Fair Value estimate is 607.21 IDR, implying the stock looks roughly 1.3% fairly valued today. The Quality Score stands at 37/100 (below-average quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, PT Lippo Cikarang Tbk, generated revenue of 4.1T IDR at a net margin of 3.7%. Revenue declined 30.5% year over year. It earns a return on equity of 2.4%. Net debt stands at 413B IDR. Fundamentals as of Jul 14, 2026

Our scenario range runs from 455.40 IDR (bear case) to 759.01 IDR (bull case); at 615.00 IDR, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 47% below its 52-week high and 46% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 32% fair-value upside, at -1%, LPCK screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income 964.23 IDR 945.16 IDR 826.52 IDR 76
P/S Multiple 535.77 IDR 714.36 IDR 892.95 IDR 58
P/B Multiple 535.77 IDR 714.36 IDR 892.95 IDR 55
All 7 models by family
Multiples
P/S Multiple 535.77 IDR 714.36 IDR 892.95 IDR 58
P/B Multiple 535.77 IDR 714.36 IDR 892.95 IDR 55
EV/EBIT 820.53 IDR 1,078 IDR 1,335 IDR 53
EV/EBITDA 773.37 IDR 1,015 IDR 1,257 IDR 54
EV/Revenue 474.15 IDR 656.71 IDR 839.26 IDR 43
Asset-Based
NCAV (Graham) 651.12 IDR 872.50 IDR 1,302 IDR 50
Economic Profit
Residual Income 964.23 IDR 945.16 IDR 826.52 IDR 76

Widest divergence: Economic Profit (945.16 IDR) versus Multiples (714.36 IDR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 4.1T IDR
Revenue growth (YoY) -30.5%
Net margin 3.7%
Return on equity 2.4%
Free cash flow −944B IDR FY2025
P/E ratio 46.5
More key figures
Operating margin 11.9%
EPS (TTM) 10.57 IDR
EPS growth (YoY) -71.1%
Net debt 413B IDR FY2025

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 37/100

Of which business quality 37 · Market factors (momentum, volatility) 39

Profitability 23
Margins and returns on capital today
Quality Growth 80
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 54
Balance sheet, leverage, solvency risk
Investment 90
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 31
Price trend over the last 3–12 months (market factor)
52W Momentum 40
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

PT Lippo Cikarang Tbk, together with its subsidiaries, develops real estate and industrial estate projects in Indonesia. It operates through the Real Estate and Support Services segments.

Full company description

PT Lippo Cikarang Tbk, together with its subsidiaries, develops real estate and industrial estate projects in Indonesia. It operates through the Real Estate and Support Services segments. The company engages in the development, acquisition, sale, lease, and operation of apartment buildings, residential buildings, non-residential buildings such as galleries, storage facilities, private, malls, shopping centers, hospitals, conference halls, houses of worship, hotels, sports facilities, golf courses, clubs, restaurants, entertainment places, medical laboratories, pharmacies, office buildings, funeral activities, parking, and other supporting facilities. It also provides shuttle bus transportation services; management consulting services, which include the provision of advice, business guidance, and operational assistance for other organizational and management issues, such as strategic and organizational planning; financial decisions; marketing objectives and policies; human resource planning, practices and policies; production scheduling and control planning; and private security services for investigation, supervision, safeguarding, and activities or protection for personal safety and property. In addition, the company is involved in recycling and remediation activities; collection, purification, and distribution of drinking water; collection of non-hazardous waste and wastewater; management and disposal of non-hazardous wastewater; township and real estate management; cleaning, wastewater management and recycling; and trading, investment, development, and remediation activities. PT Lippo Cikarang Tbk was founded in 1987 and is headquartered in Bekasi, Indonesia. PT Lippo Cikarang Tbk is a subsidiary of PT Kemuning Satiatama.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Lippo Cikarang Tbk, reported revenue of 4.5T IDR in FY2025 versus 1.8T IDR in FY2021, a compound +25.4%/yr. Reported net income was 216B IDR in FY2025, compounding +3.9%/yr from FY2021.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
4.5T IDR
Latest YoY
+135.8%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+53.1%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+19.9%
Avg. growth/yr (25Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+16.3%
Revenue +25.4%/yr
FY21 1.8T IDR
FY22 1.2T IDR
FY23 1.0T IDR
FY24 1.9T IDR
FY25 4.5T IDR
Net income +3.9%/yr
FY21 185B IDR
FY22 309B IDR
FY23 162B IDR
FY24 −1.6T IDR
FY25 216B IDR
Character of growth · EPS growth decomposed (2014-2025) −28.4 % p.a.
Revenue per share −12.1 pp

of which total revenue +5.0 pp · buybacks/dilution −17.1 pp

EBIT margin −16.8 pp
Tax rate −1.4 pp
Residual (interest, one-offs) +1.9 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "PT Lippo Cikarang Tbk, Fair Value". https://www.fairvalue-calculator.com/stock/LPCK

Peer Group

Real Estate - Development · 588 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 39 · Below median
Fair Value upside −1% · Below median
Return on equity (TTM) 2% · Below median
Return on assets 1% · Below median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 12% · Above median
Revenue growth -31% · Below median

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/E (TTM) 47.8× · Pricier than 75% of peers
P/B 0.39× · Cheaper than median
P/S (TTM) 0.63× · Cheaper than median
EV/EBITDA 9.8× · Cheaper than median
PEG 0.15× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 32 · sector 48
FUTURE 0 · sector 0
PAST 9 · sector 10
HEALTH 100 · sector 84
DIVIDEND 0 · sector 38

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
DLF Limited DLF ₹657.75 ₹159.49 -76%
Lodha Developers Limited LODHA ₹1,188 ₹583.43 -51%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,125 IDR 1,330 IDR -78%
Oberoi Realty Limited OBEROIRLTY ₹1,925 ₹1,183 -39%
Godrej Properties Limited GODREJPROP ₹2,102 ₹1,044 -50%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 1,674 IDR +55%
PT Bumi Serpong Damai Tbk, BSDE 555.00 IDR 1,388 IDR +150%
PT Sentul City Tbk, BKSL 64.00 IDR 84.16 IDR +32%
PT Ciputra Development Tbk, CTRA 555.00 IDR 1,388 IDR +150%
PT Duta Pertiwi Tbk DUTI 4,100 IDR 6,239 IDR +52%

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Frequently asked questions

Is PT Lippo Cikarang Tbk, (LPCK) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of 607.21 IDR versus a price of 615.00 IDR, about −1% (fairly valued).
What is the fair value of LPCK?
Our model-based fair value for PT Lippo Cikarang Tbk, is 607.21 IDR (as of Jul 14, 2026), built from audited fundamentals. The current price is 615.00 IDR.
What is the quality score of LPCK?
PT Lippo Cikarang Tbk, has a Quality Score of 37/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of PT Lippo Cikarang Tbk, (LPCK)?
PT Lippo Cikarang Tbk, reported trailing-twelve-month revenue of about 4.1T IDR (latest available figure, as of Jul 14, 2026).
What is the net profit margin of LPCK?
The net profit margin of PT Lippo Cikarang Tbk, is about 3.7%, meaning it keeps roughly 3.7% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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