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  3. •

    Real estate development
PT Alam Sutera Realty Tbk

PT Alam Sutera Realty Tbk

97.00
IDR
+1.00
(+1.04%)
16.93EPS
6.42P/E
2.10TMarket Cap
Oct 29Next Earn
PT Alam Sutera Realty Tbk
IDX:ASRI
(Indonesia Stock Exchange)

Recent

price

97.00

P/E

ratio

6.42

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
IDR
44.28
77.31
125.5
187.5
184.78
141.67
138.21
199.35
202.31
176.88
71.92
144.91
228.69
201.33
174.73
149.31
160.04
Revenue per Share
16.26
33.68
61.19
44.62
55.85
30.36
25.89
70.23
49.37
51.48
-52.3
7.41
55.27
32.18
2.81
15.94
16.68
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
0.54
4.03
6.18
14.6
7
7
- -
1.5
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
123.62
153.28
232.49
262.51
311.36
328.48
360.45
430.82
480.6
531.98
472.62
480.38
535.64
567.89
570.73
586.7
585.86
Book Value per Share
123.62
153.28
232.49
262.51
311.36
328.48
360.45
430.82
480.6
531.98
472.62
480.38
535.64
567.89
570.73
586.7
585.86
Tangible Book Value per Share
17,863
17,863
19,493
19,649
19,649
19,649
19,649
19,649
19,649
19,649
19,649
19,649
19,649
19,649
19,649
19,649
19,649
Basic Weighted Avg Shares
790,934
1,381,046
2,446,414
3,684,240
3,630,914
2,783,700
2,715,689
3,917,107
3,975,258
3,475,677
1,413,252
2,847,324
4,493,531
3,956,016
3,433,337
2,933,947
3,144,740
Sales/Revenue/Turnover
42.15
50.22
51.26
41.62
52.54
58.47
40.37
50.69
49.76
48.68
12.23
38.98
47.62
42.14
36.11
35.96
33.06
Operating Margin (%)
2,592
3,469
9,021
28,604
32,044
36,997
40,229
36,525
37,423
34,633
34,679
32,912
32,344
20,354
22,947
26,895
29,279
Depreciation Expense
290,484
601,654
1,192,716
876,785
1,097,418
596,515
508,781
1,379,980
970,096
1,011,628
-1,027,706
145,694
1,086,115
632,328
55,216
313,184
327,693
Net Income, GAAP
11.9
10.19
9.53
17.77
5.75
9.84
13.72
4.12
6.25
8.85
- -
9.81
0.7
4.54
18.37
5.32
5
Effective Tax Rate (%)
36.73
43.57
48.75
23.8
30.22
21.43
18.73
35.23
24.4
29.11
-72.72
5.12
24.17
15.98
1.61
10.67
10.42
Profit Margin (%)
-31,699
-52,540
742,760
-918,534
384,981
-1,053,550
-351,913
-825,521
-774,687
597,225
-1,042,160
-598,860
-81,525
-782,861
-872,164
-241,893
-1,184,897
Working Capital
409,874
190,208
1,948,834
4,586,541
6,606,187
7,290,521
7,511,201
7,194,176
7,308,740
7,613,911
7,183,259
6,821,348
6,388,454
5,699,495
5,450,129
5,539,863
5,453,855
LT Debt
2,216,421
2,786,872
4,731,875
5,331,785
6,371,194
6,602,410
7,187,845
8,572,692
9,551,357
10,562,220
9,386,148
9,536,091
10,642,625
11,271,186
11,335,739
11,654,847
11,639,109
Total Equity
10.06
18.69
21.03
14.48
15.36
10.72
6.42
12.08
11.04
8.6
- -
5.89
14.21
9.21
5.96
5.71
5.68
Return on Invested Capital (%)
10.97
19.81
24.21
11.14
10.31
4.77
4.79
10.67
8.25
8.68
- -
5.2
11.29
8.85
4.06
5.34
5.4
Return on Capital (%)
14.05
24.33
32.65
18.03
19.46
9.49
7.52
17.75
10.83
10.17
-10.41
1.56
10.88
5.83
0.49
2.75
2.88
Return on Common Equity (%)

Capital Structure

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
523,017
518,301
528,848
LT Borrowings
5,539,863
5,422,070
5,453,855
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
19,649
19,649
19,649
Market Capitalization
3,202,854
2,574,073
2,102,487

Working Capital

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
4,019,944
3,708,423
3,869,260
Cash, Cash Equivalents & STI
798,871
447,727
880,138
Accounts Receivable, Net
134,852
123,718
112,718
Inventories
1,652,762
1,793,442
1,924,986
Total Current Liabilities
4,261,837
4,712,051
5,054,157
Payables & Accruals
- -
- -
- -
ST Debt
523,017
518,301
528,848
Deferred Revenue
- -
- -
- -

Growth Rates

IDR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.15%
4.5%
2.82%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
79.5%
173.09%
467.2%
Sales/Revenue/Turnover
9.09%
23.91%
-14.55%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
947,275
933,898
641,929
910,234
3,433,337
2025
567,326
548,443
- -
1,276,310
2,933,947
2026
650,887
669,100
- -
- -
- -

Quarterly Earnings Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.14
-1.19
-0.31
2.17
2.81
2025
1.63
0.49
- -
15.53
15.94
2026
0.94
-0.29
- -
- -
- -

Quarterly Dividends Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
PT Alam Sutera Realty Tbk is an integrated property developer based in Jakarta, Indonesia, specializing in the development and management of residential, commercial, industrial, and mixed-use properties. The company’s core products and services include construction and management of residential clusters, landed houses, apartment buildings, office towers, commercial lots, shopping centers, recreational facilities, and industrial areas. Notable projects include the flagship Alam Sutera township in Serpong, Tangerang, as well as Suvarna Sutera township with large-scale residential and commercial developments. The company also operates in investment properties and tourism, managing assets such as Garuda Wisnu Kencana Cultural Park. PT Alam Sutera Realty Tbk owns several subsidiaries including PT Delta Mega Persada, PT Duta Prakarsa Development, and Carlisle Venture Pte. Ltd. It was founded in 1993 and has its headquarters in Jakarta. Recent developments include the company’s strategic partnerships for mortgage financing, notably with BRI Bank and Bank Mayapada International in 2024, designed to enhance homebuyer financing options and stimulate sales. In 2024, PT Alam Sutera Realty Tbk also launched new residential products, including the Sutera Rasuna supercluster in Alam Sutera 2 township, achieving substantial pre-launch sales of IDR 750 billion. Additionally, the company acquired a 45.38% stake in PT Tangerang Matra Real Estate and saw a significant share acquisition by PT Manunggal Prime Development in 2024. Business expansion continues through diversified property offerings focusing on integrated townships that combine housing, commercial, leisure, and hospitality facilities primarily within Indonesia, including projects in Serpong, Pasarkemis, and other strategic locations. The company maintains a focus on quality living environments complemented by infrastructure and public amenities. PT Alam Sutera Realty Tbk is listed on the Indonesia Stock Exchange and operates primarily in the Indonesian market. It has developed approximately 37 residential clusters and multiple apartment buildings within its townships, supported by hospitals, schools, sports centers, and shopping complexes. The firm emphasizes innovation in integrated township development, sustainability, and quality of life enhancement for its customers. This comprehensive service and product portfolio combined with strategic alliances and recent acquisitions underscores PT Alam Sutera Realty Tbk's position as a leading property developer in Indonesia’s real estate sector.