Sinarmas Land Stock Fair Value Calculation – SINARMAS LAND Reports Q2 FY2023 Earnings Results on August 11th
August 24, 2023
🌥️Earnings Overview
On August 11 2023, SINARMAS LAND ($SGX:A26) announced their Q2 FY2023 financial results, which covered the period ending June 30 2023. There was a 16.9% rise in total revenue to SGD 592.5 million, but net income was down 14.2% year over year to SGD 109.4 million.
Share Price
On Friday, SINARMAS LAND reported their Q2 FY2023 earnings results for the quarter ending August 11th. On that day, their stock opened at SG$0.2 and closed at SG$0.2, down 1.0% from its previous closing price of 0.2. Overall, SINARMAS LAND’s Q2 FY2023 earnings results were positive, with good growth in terms of revenue and profits.
The stock’s performance was well-received by investors, with the market closing slightly down on Friday. With the company’s balance sheet remaining strong, SINARMAS LAND is set to continue its growth in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sinarmas Land. More…
| Total Revenues | Net Income | Net Margin |
| 1.42k | 325.55 | 17.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sinarmas Land. More…
| Operations | Investing | Financing |
| 452.86 | 198.09 | -310.71 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sinarmas Land. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.32k | 3.11k | 0.79 |
Key Ratios Snapshot
Some of the financial key ratios for Sinarmas Land are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.4% | 27.8% | 52.3% |
| FCF Margin | ROE | ROA |
| 9.4% | 14.3% | 5.6% |
Analysis – Sinarmas Land Stock Fair Value Calculation
At GoodWhale, we have carefully analyzed SINARMAS LAND‘s fundamentals and come to the conclusion that the intrinsic value of the company’s share is around SG$0.3. This value was calculated using our proprietary Valuation Line, which assesses a company’s current market price and other factors such as economic stability, competitive landscape, and growth opportunities. Currently, SINARMAS LAND’s stock is being traded at SG$0.2 – this is 30.8% lower than its intrinsic value, making it an attractive investment opportunity. We believe that this undervaluation presents investors with a great chance to buy in at a discounted rate and reap higher returns in the future. More…
Peers
It is listed on the Indonesia Stock Exchange and is in competition with other real estate developer companies such as IOI Properties Group Bhd, UEM Sunrise Bhd, and I-Bhd.
– IOI Properties Group Bhd ($KLSE:5249)
IOI Properties Group Bhd is a Malaysian-based real estate investment trust and property developer, which was founded in 1993. The company’s primary business focuses on owning, developing, and managing commercial, industrial and residential properties. It has achieved notable success in the development of luxury hotels, resorts, office towers, shopping malls, and more. As of 2023, IOI Properties Group’s market capitalization stands at 7.76 billion while its Return on Equity is 5.0%. The company is able to return such a level of profitability due to its strong portfolio of residential and commercial properties as well as its successful investments in the hospitality sector.
– UEM Sunrise Bhd ($KLSE:5148)
Sunrise Bhd is a Malaysian company that specializes in the infrastructure, construction, property development and related services. It is one of the largest integrated engineering and construction companies in the country. As of 2023, Sunrise Bhd has a market capitalization of 3.21 billion RM, putting it among the top-valued Malaysian companies. The company also has an impressive Return on Equity (ROE) of 2.66%, which indicates that it is able to generate significant returns from its investments.
– I-Bhd ($KLSE:4251)
I-Bhd is a Malaysian company that operates in the information technology sector. The company is focused on providing the public with innovative and reliable IT solutions for a variety of businesses and organizations. I-Bhd has a market cap of 482.9M as of 2023. This puts the company amongst the larger enterprises in the technology sector, demonstrating their wide reach and expansive customer base. Additionally, I-Bhd’s Return on Equity (ROE) of 2.26% highlights the company’s ability to generate value for its shareholders, indicating that investment in the company is likely to offer a net profit to those who take part.
Summary
Investors should look into SINARMAS LAND for the second quarter of FY2023, which ended on June 30 2023. Total revenue increased by 16.9% year over year to SGD 592.5 million, but net income decreased by 14.2%. This could be a sign of potential long-term growth for the company, but investors should do further research to determine if SINARMAS LAND is a good investment. Analysts should consider factors such as current financials, future earnings estimates, and potential risks associated with the company before making a decision.
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