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    Real Estate - Development
PT Modernland Realty Tbk

PT Modernland Realty Tbk

MDLN.JK
PT Modernland Realty TbkID flagIndonesia Stock Exchange
50.00
IDR
-1.00
- -
597.35BMarket Cap
PT Modernland Realty Tbk
MDLN.JK
(Indonesia Stock Exchange)

Recent

price

50.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
42.74
82.54
84.4
147.13
226.58
236.37
196.7
255
171.77
125.14
59.15
162.42
88.86
93.18
85.17
84.8
78.51
Revenue per Share
6.31
12.13
20.79
195.62
56.36
69.69
40
49.05
2.04
-8.38
-142.63
-3.4
1.63
-8.25
-57.78
20.23
-63.64
Basic EPS, GAAP
-7.31
-14.47
-24.2
-13.48
-1.96
-3.26
-3.43
-18.2
-7.51
-7.32
-2.7
-0.73
-1.18
-7.6
-1.68
-2.49
-1.76
Free Cash Flow per Basic Share
- -
- -
- -
- -
5
12
- -
8
12.11
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
178.87
191
178.35
373.62
425.06
482.92
523.01
563.84
500.74
492.26
349.46
346.57
348.58
340.42
295.13
315.53
295.4
Book Value per Share
185.28
194.38
177.44
270.66
322.64
392.28
435.19
473.66
398.94
391.45
295.11
292.19
295.54
286.75
241.28
264.99
246.64
Tangible Book Value per Share
6,114
6,114
12,533
12,533
12,533
12,533
12,533
12,533
12,367
12,367
12,367
12,367
12,367
12,367
11,947
11,947
11,947
Basic Weighted Avg Shares
261,326
504,637
1,057,768
1,843,945
2,839,771
2,962,461
2,465,212
3,195,904
2,124,203
1,547,573
731,508
2,008,646
1,098,860
1,152,308
1,017,570
1,013,159
937,981
Sales/Revenue/Turnover
31.4
29.72
30.22
55.31
38.02
35.64
44.49
39.91
22.56
19.84
-13.74
46.79
79.73
6.73
-4.01
8.44
-4.92
Operating Margin (%)
- -
4,675
16,208
- -
- -
10,389
13,239
18,998
25,558
35,101
43,600
33,456
28,007
26,277
23,941
23,861
23,007
Depreciation Expense
38,602
74,144
260,521
2,451,761
706,352
873,420
501,350
614,774
25,266
-103,649
-1,763,880
-41,994
20,171
-101,974
-690,272
241,713
-760,280
Net Income, GAAP
25.67
24.54
16.41
3.8
1.11
9.03
8.94
9.16
67.84
- -
- -
- -
26.39
- -
- -
5.13
4.28
Effective Tax Rate (%)
14.77
14.69
24.63
132.96
24.87
29.48
20.34
19.24
1.19
-6.7
-241.13
-2.09
1.84
-8.85
-67.84
23.86
-81.06
Profit Margin (%)
-73,206
-167,950
414,604
-405,054
354,046
-5,112
1,004,787
783,920
201,242
-290,599
-6,906,929
-73,765
-599,290
-394,412
-2,897,975
-537,988
-1,787,331
Working Capital
265,250
231,393
814,282
2,411,189
3,286,719
3,543,575
4,023,452
4,166,950
5,703,314
5,446,388
110,393
6,499,770
5,817,939
5,845,560
4,023,091
5,819,083
4,847,692
LT Debt
1,132,770
1,188,362
2,226,014
4,671,318
5,322,782
6,057,457
6,595,334
7,077,458
6,074,529
5,981,949
4,220,208
4,184,098
4,225,533
4,116,827
3,453,379
3,736,601
3,517,321
Total Equity
4.15
6.92
10.37
16.7
12.38
9.7
9.1
10.02
1.29
- -
- -
- -
6.08
- -
- -
0.79
- -
Return on Invested Capital (%)
4.61
7.82
12.73
45.31
13.08
13.69
9.17
9.97
1.4
- -
- -
- -
2.11
- -
- -
6.17
-1.18
Return on Capital (%)
3.62
6.56
15.31
70.88
14.11
15.35
7.95
9.03
0.38
-1.69
-33.89
-0.98
0.47
-2.39
-17.85
6.63
-19.45
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
422,179
627,159
1,584,321
LT Borrowings
5,678,489
5,815,346
4,842,713
LT Finance Leases
5,370
3,737
4,979
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
11,947
11,947
11,947
Market Capitalization
824,365
728,786
645,155

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
2,585,859
2,919,242
2,796,248
Cash, Cash Equivalents & STI
61,743
164,189
188,955
Accounts Receivable, Net
99,470
103,266
101,529
Inventories
2,217,563
2,437,289
2,296,950
Total Current Liabilities
3,300,526
3,457,230
4,583,580
Payables & Accruals
- -
- -
- -
ST Debt
422,179
627,159
1,584,321
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-3.93%
-2.07%
8.2%
Free Cash Flow
81.19%
100.28%
47.86%
Net Income, GAAP
56.64%
-81.86%
-135.02%
Sales/Revenue/Turnover
2.15%
24.41%
-0.43%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
182,151
202,864
327,233
305,321
1,017,570
2025
217,397
300,185
185,846
309,732
1,013,159
2026
142,218
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-21.84
- -
- -
- -
-57.78
2025
63.74
- -
- -
- -
20.23
2026
-20.13
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
PT Modernland Realty Tbk (MDLN.JK) is an Indonesia-based real estate developer engaged primarily in the development and sale of township, residential, industrial, and commercial properties, along with golf course and country club operations, general contracting services, and property trading. The company offers a diverse portfolio of projects including township developments such as Kota Modern in Tangerang, Jakarta Garden City, Modern Bekasi Residential and Industrial Park, Modernland Cilejit, and Vasaka City; residential developments like Modern Hill, Modern Park, Puri Teratai, Puri Mas, Bukit Cibadak Indah, and Puri Kencana; industrial estates including ModernCikande Industrial Estate I & II; and hospitality and commercial assets such as Novotel Gajah Mada, Modern Golf and Country Club, Heritage Walk, and Swiss-Belinn ModernCikande. Established in 1983 and headquartered at Green Central City, 5th Floor, Jl. Gajah Mada No. 188, West Jakarta, Indonesia, the company operates predominantly in the Greater Jakarta area, targeting residential customers, industrial tenants, and commercial users with integrated urban and green-focused developments. In recent developments, PT Modernland Realty Tbk launched the Super Cluster Great Britania at Modernland Cilejit in early 2024, achieving sales of over 200 units in its first phase, and commenced construction of the Vastu @Garden City Club House, a 3,500 square meter recreational facility in Jakarta Garden City to enhance resident amenities. The company held its 2024 Annual Public Expose in December, reporting Q3 2024 marketing sales of IDR 855 billion driven by projects like Jakarta Garden City, Modernland Cilejit, and Kota Modern, while approving its 2023 financial statements at the May 2024 Annual General Meeting of Shareholders; leadership includes strategic roles filled by executives with expertise in finance, investment, and operations, supporting ongoing expansions.