1. Indonesia Stocks

  2. •

    Finance

  3. •

    Real estate development
PT Metropolitan Kentjana Tbk

PT Metropolitan Kentjana Tbk

IIDX:MKPI
19,600.00
IDR
-275.00
(-1.38%)
1,184.41EPS
19.59P/E
22.00TMarket Cap
PT Metropolitan Kentjana Tbk
IDX:MKPI
(Indonesia Stock Exchange)

Recent

price

19,600.00

P/E

ratio

19.59

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
IDR
749.09
871.28
937.05
1,053.83
1,217.99
2,208.93
2,704.96
2,680.47
2,338.22
1,975.27
1,286.44
1,390.01
2,057.52
2,454.36
2,618.2
2,745.55
2,813.11
Revenue per Share
277.21
340.65
382.89
385.53
461.79
938.24
1,264.9
1,258.86
1,074.24
648.37
243.91
342.5
739.68
890.58
1,039.51
1,183.49
1,184.43
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
110
125
150
165
205
223.7
327
369
369
369
158.2
106
117
445
535
728
- -
Dividend per Share
1,354.36
1,570.01
1,802.9
2,012.31
2,264.05
2,983.67
3,917.77
4,800.19
5,517.43
5,804.38
5,913.91
6,155.55
6,781.27
7,226.01
7,733.73
8,186.64
8,496.17
Book Value per Share
1,354.36
1,570.01
1,802.9
2,012.31
2,264.05
2,983.67
3,917.77
4,797.67
5,503.09
5,790.93
5,902.55
6,146.32
6,771.93
7,212.85
7,722.9
8,177.26
8,486.62
Tangible Book Value per Share
948
948
948
948
948
948
948
948
948
948
948
948
948
948
948
948
948
Basic Weighted Avg Shares
710,284
826,144
888,506
999,233
1,154,895
2,094,491
2,564,831
2,541,602
2,217,086
1,872,934
1,219,794
1,318,001
1,950,932
2,327,213
2,482,562
2,603,313
2,667,377
Sales/Revenue/Turnover
46.91
47.68
48.63
45.81
35.24
36.93
42.46
42.91
39.64
28.68
20.38
26.72
30.35
32.16
34.49
37.19
37.53
Operating Margin (%)
832
839
795
1,042
1,253
2,288
2,383
2,347
2,272
2,209
2,258
2,186
2,299
2,396
2,380
1,861
1,859
Depreciation Expense
262,848
323,002
363,050
365,562
437,864
889,629
1,199,374
1,193,640
1,018,586
614,784
231,274
324,753
701,360
844,438
985,661
1,122,177
1,123,074
Net Income, GAAP
20.33
19.31
19.03
21.3
0.02
0.07
0.04
0.01
- -
- -
- -
- -
- -
1.68
5.34
4.59
6.42
Effective Tax Rate (%)
37.01
39.1
40.86
36.58
37.91
42.47
46.76
46.96
45.94
32.82
18.96
24.64
35.95
36.29
39.7
43.11
42.1
Profit Margin (%)
-269,111
-253,579
-158,660
-345,485
-606,094
-158,398
238,336
781,171
758,017
195,269
-59,833
-27,741
194,788
585,764
1,346,987
1,838,677
2,145,007
Working Capital
50,153
75,704
221,869
175,607
264,440
358,491
496,993
651,009
595,009
490,007
748,524
775,246
252,115
- -
2,195
1,537
1,537
LT Debt
1,284,199
1,488,677
1,709,523
1,908,159
2,146,863
2,829,195
3,714,904
4,551,608
5,231,665
5,503,603
5,607,299
5,836,337
6,429,617
6,851,331
7,332,752
7,762,208
8,055,672
Total Equity
19.93
21.85
20.5
18.47
19.69
31.39
31.63
24.65
- -
- -
- -
- -
- -
12.42
13.88
14.83
14.57
Return on Invested Capital (%)
20.46
21.93
20.58
18.54
19.76
31.58
31.82
24.74
- -
- -
- -
- -
- -
12.44
13.9
14.87
14.6
Return on Capital (%)
21.81
23.3
22.7
20.21
21.6
35.76
36.66
28.88
20.82
11.45
4.16
5.68
11.44
12.72
13.9
14.87
14.6
Return on Common Equity (%)

Capital Structure

IDR

•

in mil. unless spec.
Jun'25
Dec'25
Mar'26
ST Debt
658
658
658
LT Borrowings
- -
- -
- -
LT Finance Leases
1,537
1,537
1,537
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
948
948
948
Market Capitalization
21,524,004
22,756,656
21,998,101

Working Capital

IDR

•

in mil. unless spec.
Jun'25
Dec'25
Mar'26
Total Current Assets
3,069,694
3,166,861
3,561,510
Cash, Cash Equivalents & STI
2,676,863
2,789,447
3,175,761
Accounts Receivable, Net
210,161
217,387
216,787
Inventories
17,448
16,043
16,832
Total Current Liabilities
1,851,204
1,328,184
1,416,503
Payables & Accruals
- -
- -
- -
ST Debt
658
658
658
Deferred Revenue
- -
- -
- -

Growth Rates

IDR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.96%
6.74%
5.86%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
12.5%
41.47%
13.85%
Sales/Revenue/Turnover
4.53%
17.38%
4.86%
Total Cash Common Dividend
- -
62.8%
36.07%

Quarterly Revenue

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
571,632
628,505
603,553
678,872
2,482,562
2025
634,711
602,265
- -
757,231
2,603,313
2026
673,171
- -
- -
- -
- -

Quarterly Earnings Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
217.93
281.09
224.62
315.88
1,039.51
2025
263.11
243.27
- -
368.53
1,183.49
2026
309.52
- -
- -
- -
- -

Quarterly Dividends Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
535
2025
- -
- -
- -
- -
728
2026
- -
- -
- -
- -
- -
Similar Companies
DLF Limited (NSE:DLF)
Opendoor Technologies Inc (NASDAQ:OPEN)
Samolet (MOEX:SMLT)
Alarko Holding A.S. (BIST:ALARK)
Godrej Properties Limited (NSE:GODREJPROP)
Lodha Developers Ltd. (NSE:LODHA)
Business
PT Metropolitan Kentjana Tbk is an Indonesian real estate development and property management company primarily engaged in commercial property leasing and property sales. The company offers core products and services including rental spaces in shopping centers, office buildings, serviced apartments, and hotels; notable properties include Pondok Indah Mall, Pondok Indah Golf Apartment, Pondok Indah Office Tower, Pondok Indah Office Park, and Service Residence Pondok Indah. It also develops and sells residential properties, land parcels, building plots, and strata apartments, with a focus on premium residential and commercial real estate in Jakarta, Tangerang, and Batam Island. Additionally, the company operates hotel businesses through subsidiaries, providing hotel-grade services under managed brands. PT Metropolitan Kentjana Tbk was founded in 1972 and is headquartered in South Jakarta. Recent major company developments include the expansion and development of multiple projects in 2024 and 2025, such as Pondok Indah Residence 2, Pondok Indah Plaza 6, the Pondok Indah Lifestyle Mall and Hotel, and new low-rise office spaces. The company is advancing retail expansions including PIM-1 and PIM-5 malls, with PIM-5 expected to begin operations by the end of 2025. It also allocates significant capital expenditure toward developing lifestyle malls and improving connectivity to Ranch Market locations. These strategic initiatives aim to accelerate revenue growth and diversify income streams, leveraging its strong balance sheet to fund new housing and commercial developments. PT Metropolitan Kentjana Tbk continues to focus on premium property development, rental income generation, and expanding its property portfolio within Indonesia's urban centers.