Lippo Malls Indonesia Retail (D5IU) AI Stock Analysis

• Market Cap: S$150.32M
• Dividend Yield: N/A
• Average Volume (3M): 7.84M
• Price to Earnings (P/E): 1.6
• Beta (1Y): 0.85
• Revenue Growth: 130.75%
• EPS Growth: N/A
• Country: SG
• Employees: 16
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Retail
• EPS (TTM): <0.01
• Shares Outstanding: 16,702,078,000
• 10 Day Avg. Volume: 15,711,376
• 30 Day Avg. Volume: 7,844,195
• PEG Ratio: 0.05
• Price to Book (P/B): 0.20
• Price to Sales (P/S): 0.71
• P/FCF Ratio: 2.17
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 64 Neutral
• Price Target: S$0.02 ▲(60.00% Upside)

Lippo Malls Indonesia Retail's strong financial performance, particularly in revenue and cash flow growth, is a key strength. The undervaluation based on the P/E ratio offers potential upside. Technical indicators show mixed signals, with short-term bullish momentum but caution advised due to a slightly negative MACD.

Positive Factors

Revenue Growth

The consistent revenue growth indicates a strong market position and effective business strategies, supporting long-term expansion.

Cash Flow Generation

Robust cash flow growth enhances financial flexibility, enabling the company to invest in new projects and manage debt efficiently.

Margin Sustainability

High margins reflect effective cost management and pricing power, supporting sustained profitability and competitive advantage.

Negative Factors

Profitability Concerns

Low net profit margins indicate potential inefficiencies or high costs, which could impact long-term profitability and shareholder returns.

Return on Equity

Weak return on equity suggests the company may not be effectively utilizing its equity base to generate profits, impacting investor confidence.

Equity Financing Reliance

Moderate reliance on equity financing could limit financial flexibility and increase dilution risk, affecting long-term capital structure.

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 spaces across major cities in Indonesia, offering a wide range of shopping, dining, and entertainment options. Lippo Malls focuses on enhancing the shopping experience through innovative retail concepts and strategic partnerships with various brands in the retail sector.

How the Company Makes Money

Lippo Malls Indonesia Retail generates revenue primarily through leasing retail space to various tenants, including local and international brands. The company earns rental income from its shopping malls and commercial properties, which is a significant component of its revenue model. Additionally, Lippo Malls benefits from service charges and marketing fees collected from tenants, which further contribute to its earnings. The company may also engage in revenue-sharing agreements with some tenants, particularly in the case of major retail brands. Furthermore, strategic partnerships with brands for co-marketing initiatives and events enhance foot traffic in their malls, leading to increased sales and higher rental demand. Overall, the combination of rental income, service charges, and strategic partnerships forms the backbone of Lippo Malls' revenue generation strategy.

Lippo Malls Indonesia Retail Financial Statement Overview

Summary

Lippo Malls Indonesia Retail shows signs of recovery with strong revenue growth and improved margins. The balance sheet is stable with moderate leverage, but profitability remains a challenge. Cash flow generation is improving, but efficiency can be enhanced. Overall, the company is on a positive trajectory but needs to focus on boosting profitability and cash flow efficiency.

Income Statement

The income statement shows a strong recovery with a 29.66% revenue growth rate in the TTM period, indicating a positive trajectory. The gross profit margin is healthy at 57.87%, and the EBIT margin is robust at 54.14%. However, the net profit margin is relatively low at 3.26%, suggesting profitability challenges. The company has improved from previous losses, but net income remains modest.

Balance Sheet

The balance sheet reflects a stable equity position with a debt-to-equity ratio of 1.03, indicating moderate leverage. The return on equity is low at 0.94%, highlighting limited profitability. The equity ratio stands at 42.26%, showing a balanced asset structure. Overall, the balance sheet is stable but lacks significant profitability.

Cash Flow

Cash flow analysis reveals a 6.00% growth in free cash flow, indicating improving cash generation. The operating cash flow to net income ratio is 0.35, suggesting adequate cash flow relative to net income. However, the free cash flow to net income ratio is 0.65, indicating room for improvement in cash conversion efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	207.82M	194.56M	197.27M	204.71M	175.07M	148.53M
Gross Profit	121.46M	115.26M	112.82M	130.01M	103.77M	75.92M
EBITDA	156.23M	73.56M	107.44M	149.27M	53.40M	69.11M
Net Income	65.57M	-36.38M	-125.99M	1.58M	-32.51M	-230.21M
Balance Sheet
Total Assets	1.52B	1.64B	1.72B	1.84B	2.03B	1.64B
Cash, Cash Equivalents and Short-Term Investments	24.08M	19.98M	140.33M	106.97M	119.88M	106.14M
Total Debt	911.03M	726.99M	842.57M	808.76M	846.16M	677.25M
Total Liabilities	1.13B	941.95M	1.03B	1.05B	1.04B	863.65M
Stockholders Equity	397.92M	699.99M	690.25M	783.76M	987.47M	772.95M
Cash Flow
Free Cash Flow	54.19M	63.86M	99.66M	125.79M	22.30M	26.55M
Operating Cash Flow	71.20M	86.94M	102.66M	137.18M	40.10M	38.94M
Investing Cash Flow	-23.89M	-21.81M	-13.24M	-9.74M	-365.40M	98.13M
Financing Cash Flow	-43.16M	-73.69M	-150.79M	-131.66M	338.11M	-133.96M

Lippo Malls Indonesia Retail Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.01
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: 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 Negative momentum. The RSI at 46.10 is Neutral, neither overbought nor oversold. The STOCH value of 61.12 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
P40U	78 Outperform	$1.34B	12.18	6.62%	6.29%	0.70%	71.84%
CRPU	73 Outperform	S$856.94M	13.47	6.17%	8.87%	5.89%	1.81%
J69U	72 Outperform	S$4.70B	22.13	4.49%	5.29%	10.82%	-5.02%
C38U	71 Outperform	S$17.96B	17.40	6.41%	5.26%	0.17%	8.05%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
AU8U	65 Neutral	S$1.34B	1,283.33	0.04%	6.66%	-8.59%	-93.48%
D5IU	64 Neutral	S$150.32M	1.61	15.32%	―	130.75%	―

Lippo Malls Indonesia Retail Corporate Events

Lippo Malls Indonesia Retail Trust Secures Approval for Rights Issue

Lippo Malls Indonesia Retail Trust (LMIR Trust) has announced that it received approval in-principle from the Singapore Exchange Securities Trading Limited (SGX-ST) for the listing of new units under a proposed rights issue. This rights issue aims to issue up to 9,005,267,676 new units to eligible unitholders on a pro rata basis. The approval is contingent upon compliance with SGX-ST’s listing requirements and unitholders’ approval, among other conditions. The announcement highlights the trust’s strategic move to potentially raise capital, which could impact its financial flexibility and market positioning.

Lippo Malls Indonesia Retail Trust Updates on Rights Issue

Lippo Malls Indonesia Retail Trust announced an update on its proposed rights issue, which involves issuing new units to eligible unitholders on a pro rata basis. During an extraordinary general meeting, all resolutions related to the rights issue were approved by unitholders. The sponsor, PT Lippo Karawaci Tbk, committed to accepting its provisional allotment but did not commit to subscribing to any remaining unsubscribed units, which may impact the trust’s capital raising efforts.

Lippo Malls Indonesia Retail Trust Seeks Strategic Financial Resilience

Lippo Malls Indonesia Retail Trust held an Extraordinary General Meeting to seek approval for a proposed rights issue and a whitewash resolution, aiming to strengthen its capital structure and address immediate financial needs. The Trust is navigating a challenging retail environment in Indonesia, marked by macroeconomic headwinds, and is taking strategic steps to rejuvenate its portfolio by completing projects at several malls to attract shoppers and tenants.

Lippo Malls Indonesia Retail Trust Halts Scheduled Distribution on Perpetual Securities

Lippo Malls Indonesia Retail Trust has announced that it will not pay the scheduled distribution for its S$140,000,000 Perpetual Securities issued in 2016, due on 27 September 2025. This decision triggers dividend stopper provisions, preventing the declaration or payment of dividends or distributions on its units and other securities until certain conditions are met, potentially impacting the company’s financial operations and investor returns.