1. Indonesia Stocks

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    Real Estate

  3. •

    Real Estate - Development
PT Metropolitan Land Tbk

PT Metropolitan Land Tbk

MTLA.JK
PT Metropolitan Land TbkID flagIndonesia Stock Exchange
540.00
IDR
+40.00
- -
4.13TMarket Cap
PT Metropolitan Land Tbk
MTLA.JK
(Indonesia Stock Exchange)

Recent

price

540.00

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
57.77
94.36
88.66
111.69
147.47
143.15
149.36
165.07
180.13
183.38
145.09
156.64
180.9
222.73
263.98
232.59
264.18
Revenue per Share
12.03
27.28
26.61
31.51
35.39
28.16
35.45
59
62.93
63.62
35.57
48.6
51.64
54.55
61.3
53.94
64.32
Basic EPS, GAAP
-7.88
-11.99
-7.68
-8.41
-22.64
-6.49
-6.97
-2.61
-3.43
-5.25
-4.25
-17.23
-17.43
-12.81
-10.45
-11.13
-11.87
Free Cash Flow per Basic Share
- -
1.74
2.78
5.32
6.5
4.48
3.2
5.3
8.8
9.4
6.3
7.11
8.5
10.3
10.91
11.25
- -
Dividend per Share
132.22
190.75
166.76
192.33
222.88
242.78
273.31
326.75
380.62
434.57
463.05
504.28
547.15
591.14
641.27
683.83
657.1
Book Value per Share
138.11
235.56
202.98
230.37
267.96
290.87
326.89
391.81
449.22
502.92
532.58
575.58
621.11
672.64
730.22
784.15
750.48
Tangible Book Value per Share
5,741
5,741
7,655
7,655
7,579
7,609
7,655
7,655
7,655
7,655
7,655
7,655
7,655
7,655
7,655
7,655
7,655
Basic Weighted Avg Shares
331,666
541,781
678,729
854,974
1,117,732
1,089,218
1,143,372
1,263,595
1,378,862
1,403,758
1,110,650
1,199,074
1,384,828
1,704,996
2,020,780
1,780,476
2,022,340
Sales/Revenue/Turnover
33.08
35.47
34.66
34.44
38.36
33.94
40.35
52.62
38.64
33
28.32
29.26
32.13
32.51
28.43
30.94
28.85
Operating Margin (%)
- -
1,411
1,894
5,072
6,273
6,932
9,731
11,161
10,959
13,343
12,021
9,438
8,643
6,111
8,978
10,121
10,046
Depreciation Expense
69,065
156,603
203,687
241,215
268,224
214,270
271,342
451,678
481,703
486,973
272,299
372,017
395,310
417,602
469,250
412,930
492,372
Net Income, GAAP
22.85
16.78
15.86
17.44
1.94
0.84
1.67
0.41
0.21
0.58
0.05
0.55
0.36
1.33
1.01
0.2
0.74
Effective Tax Rate (%)
20.82
28.91
30.01
28.21
24
19.67
23.73
35.75
34.93
34.69
24.52
31.03
28.55
24.49
23.22
23.19
24.35
Profit Margin (%)
423,648
924,164
873,614
820,688
1,095,612
1,145,232
1,335,242
1,580,577
1,873,696
2,182,859
2,003,327
1,995,108
2,368,761
2,455,403
2,890,122
3,147,248
3,153,811
Working Capital
139,276
107,000
97,285
365,264
415,659
482,559
503,736
627,024
701,341
805,780
501,588
482,959
425,835
414,369
390,772
721,728
611,765
LT Debt
792,946
1,352,415
1,553,820
1,763,499
2,030,932
2,213,217
2,502,403
2,999,352
3,438,763
3,849,851
4,076,937
4,406,174
4,754,672
5,149,142
5,589,905
6,002,797
5,744,982
Total Equity
9
12.66
12.1
11.63
15.8
12.05
13.41
16.92
12.09
9.37
6
6.6
8.01
9.26
8.97
7.97
8.95
Return on Invested Capital (%)
7.55
15.55
15.73
14.25
12.3
9.79
10.07
11.61
12.96
11.37
5.69
7.55
7.23
6.14
6.76
4.92
7.03
Return on Capital (%)
9.53
16.89
17.18
17.55
16.97
12.12
13.78
19.67
17.79
15.61
7.93
10.05
9.82
9.58
9.95
8.14
10.2
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
573,081
428,884
420,847
LT Borrowings
376,468
441,852
599,074
LT Finance Leases
14,304
11,999
12,691
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
7,655
7,655
7,655
Market Capitalization
3,674,461
3,720,391
3,827,563

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
4,212,165
4,138,236
4,262,589
Cash, Cash Equivalents & STI
789,147
621,960
779,268
Accounts Receivable, Net
70,018
81,330
111,084
Inventories
3,199,609
3,257,990
3,246,997
Total Current Liabilities
1,322,043
1,133,829
1,108,778
Payables & Accruals
- -
- -
- -
ST Debt
573,081
428,884
420,847
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.57%
8.05%
7.39%
Free Cash Flow
27.92%
53.67%
6.55%
Net Income, GAAP
10.57%
9.78%
-12%
Sales/Revenue/Turnover
5.87%
10.64%
-11.89%
Total Cash Common Dividend
14%
12.53%
3.12%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
366,467
468,996
469,639
715,678
2,020,780
2025
365,503
471,520
649,434
- -
1,780,476
2026
362,146
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
9.11
- -
- -
- -
61.3
2025
9.84
- -
- -
- -
53.94
2026
8.12
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
10.91
2025
- -
- -
- -
- -
11.25
2026
- -
- -
- -
- -
- -
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Business
PT Metropolitan Land Tbk (MTLA.JK) is an integrated property developer engaged in real estate development, property management, and related services in Indonesia. The company develops and sells residential properties, including apartments, condominiums, and landed houses; commercial properties such as office buildings, retail malls, and hotels; and industrial estates with supporting infrastructure. It also provides property management services, leasing of commercial spaces, and hospitality operations through its hotel brands. Founded in 1992 and headquartered in Jakarta, Indonesia, Metropolitan Land operates primarily in key urban areas across Java, including Jakarta, Tangerang, Bekasi, and Bandung, targeting middle to upper-middle income homebuyers, corporate tenants, and retail consumers. The company manages a portfolio of established projects like Pantai Indah Kapuk (PIK) Avenue, Metro Studio, and Lippo Cikarang, with subsidiaries focused on specific segments such as residential sales and facility management. Its business segments encompass development, leasing, and hotel divisions, supported by strategic land banks for future expansions. In recent developments, the company announced expansions in its industrial park offerings in 2024, including new phases in Bekasi Industrial Park with enhanced logistics facilities; formed a strategic partnership with local infrastructure firms for sustainable urban developments in 2025; and completed the acquisition of additional land parcels in Greater Jakarta to bolster residential inventory amid rising demand. These moves reflect ongoing efforts to diversify into green-certified properties and mixed-use townships, aligning with Indonesia's urbanization trends. No major name changes or reorganizations have occurred in the last two years.