Risk factor
Very high price volatility
Profitability factor
Very low or no dividends
About
PT City Retail Developments Tbk, through its subsidiaries, owns, develops, and operates shopping malls in Indonesia. It operates through Shopping Mall, Hotel, Shophouse, and Others segments. The company also engages in the building construction; rental; shopping mall and hotel management activities, as well as investment business. Its real estate portfolio includes land kavling, condotel, and shop house buildings. PT City Retail Developments Tbk was formerly known as PT Nirvana Development Tbk and changed its name to PT City Retail Developments Tbk in May 2018. The company was incorporated in 2003 and is based in Jakarta Selatan, Indonesia. PT City Retail Developments Tbk is a subsidiary of PT Mega Inti Perdana Utama.
Company Valuation
Based on key historical and expected multiples, the stock is overvalued relative to its peers. Specifically, the stock is neutral on EV/EBITDA, overpriced on P/FC.