Lippo Malls Indonesia Retail Trust (SG:D5IU)
SGX:D5IU
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Lippo Malls Indonesia Retail
(SGX:D5IU)
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Rating:60Neutral
Price Target:
S$0.01
▲(10.00% Upside)
Action:Reiterated
Date:05/01/26
The score is driven primarily by improved TTM profitability and continued positive free cash flow, tempered by elevated leverage and recent cash-flow/revenue volatility. Valuation is supportive due to the very low P/E, while technical signals could not be evaluated with the provided data.
Positive Factors
Cash generation
Sustained positive operating and free cash flow (TTM OCF 56.0M; FCF 48.8M covering ~87% of net income) indicates the REIT converts earnings into real cash. This durable cash generation supports debt servicing, potential distributions and reinvestment capacity across multiple quarters.
Negative Factors
Elevated leverage
Debt-to-equity of ~1.94x (improved from ~2.38x but still high) leaves the company relatively levered for a retail REIT. Elevated leverage amplifies earnings volatility, limits financial flexibility for capex or tenant incentives, and raises refinancing and interest coverage risks in weaker cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Sustained positive operating and free cash flow (TTM OCF 56.0M; FCF 48.8M covering ~87% of net income) indicates the REIT converts earnings into real cash. This durable cash generation supports debt servicing, potential distributions and reinvestment capacity across multiple quarters.
Read all positive factors
Lippo Malls Indonesia Retail (D5IU) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$119.17M
Dividend YieldN/A
Average Volume (3M)7.84M
Price to Earnings (P/E)1.5
Beta (1Y)0.71
Revenue Growth58.46%
EPS GrowthN/A
CountrySG
Employees16
SectorReal Estate
Sector Strength53
IndustryREIT - Retail
Share Statistics
EPS (TTM)<0.01
Shares Outstanding17,024,389,000
10 Day Avg. Volume15,711,376
30 Day Avg. Volume7,844,195
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)0.18
Price to Sales (P/S)0.29
P/FCF Ratio0.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Lippo Malls Indonesia Retail Business Overview & Revenue Model
Company Description
Lippo Malls Indonesia Retail (D5IU) is a leading retail and property management company in Indonesia, specializing in the development and operation of shopping malls and commercial properties. The company operates a diverse portfolio of retail spa...
How the Company Makes Money
null...
Lippo Malls Indonesia Retail Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
48
Neutral
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 220.37M | 237.73M | 194.56M | 197.27M | 204.71M | 175.07M |
| Gross Profit | 127.13M | 139.96M | 115.26M | 112.82M | 130.01M | 103.77M |
| EBITDA | 110.70M | 120.56M | 73.56M | 107.44M | 149.27M | 53.40M |
| Net Income | 26.48M | 31.99M | -36.38M | -125.99M | 1.58M | -32.51M |
Balance Sheet | ||||||
| Total Assets | 1.51B | 1.49B | 1.64B | 1.72B | 1.84B | 2.03B |
| Cash, Cash Equivalents and Short-Term Investments | 60.28M | 28.88M | 19.98M | 140.33M | 106.97M | 119.88M |
| Total Debt | 859.54M | 900.42M | 726.99M | 842.57M | 808.76M | 846.16M |
| Total Liabilities | 1.07B | 1.11B | 941.95M | 1.03B | 1.05B | 1.04B |
| Stockholders Equity | 442.49M | 377.56M | 699.99M | 690.25M | 783.76M | 987.47M |
Cash Flow | ||||||
| Free Cash Flow | 48.83M | 77.16M | 63.86M | 99.66M | 125.79M | 22.30M |
| Operating Cash Flow | 55.98M | 97.53M | 86.94M | 102.66M | 137.18M | 40.10M |
| Investing Cash Flow | -16.66M | -20.00M | -21.81M | -13.24M | -9.74M | -365.40M |
| Financing Cash Flow | -6.31M | -78.84M | -73.69M | -150.79M | -131.66M | 338.11M |
Lippo Malls Indonesia Retail Technical Analysis
Negative
0.01
Price Trends
0.01
Negative
0.01
Negative
0.01
Negative
Market Momentum
<0.01
Positive
46.10
Neutral
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:D5IU, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.01, below the 50-day MA of 0.01, and below the 200-day MA of 0.01, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 46.10 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:D5IU.
Lippo Malls Indonesia Retail Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | S$1.26B | ― | 3.79% | 6.29% | 0.65% | 62.33% | |
70 Outperform | S$18.06B | 18.93 | 5.88% | 5.26% | 1.66% | -6.80% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | S$4.61B | ― | 2.17% | 5.29% | 18.93% | -1.15% | |
64 Neutral | S$6.61B | -65.25 | 2.82% | 5.50% | -4.61% | -55.41% | |
62 Neutral | S$4.32B | ― | -0.38% | 4.55% | 1.45% | 39.79% | |
60 Neutral | S$119.17M | 1.54 | 6.06% | ― | 58.46% | ― |
* Real Estate Sector Average
SG:D5IU
Lippo Malls Indonesia Retail
0.01
0.00
0.00%
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Lippo Malls Indonesia Retail Corporate Events
Lippo Malls Indonesia Retail Trust Skips Distribution on 2016 Perpetual Securities, Activates Dividend Stopper
Mar 12, 2026
Lippo Malls Indonesia Retail Trust’s manager has announced that the issuer, Perpetual (Asia) Limited as trustee of the trust, has elected not to pay the distribution due on 27 March 2026 on its S$140 million perpetual securities issued in 20...
Lippo Malls Indonesia Retail Trust Broadens Investment Mandate Beyond Retail
Feb 25, 2026
Lippo Malls Indonesia Retail Trust, a Singapore-listed REIT, has historically concentrated on owning and managing income-producing shopping malls and retail properties across Indonesia, establishing itself as the largest Singapore-listed vehicle f...
Lippo Malls Indonesia Retail Trust Details Use of Rights Issue Proceeds
Feb 6, 2026
Lippo Malls Indonesia Retail Trust has disclosed the deployment of a significant portion of the proceeds from its recent renounceable, non-underwritten rights issue of approximately S$63.04 million. About S$34.19 million, or 54.2% of the gross pro...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.