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PT Pembangunan Perumahan (Persero) Tbk (ISX:PTPP) Piotroski F-Score : 6 (As of Mar. 27, 2025)


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What is PT Pembangunan Perumahan (Persero) Tbk Piotroski F-Score?

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

PT Pembangunan Perumahan (Persero) Tbk has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for PT Pembangunan Perumahan (Persero) Tbk's Piotroski F-Score or its related term are showing as below:

ISX:PTPP' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 6
Current: 6

During the past 13 years, the highest Piotroski F-Score of PT Pembangunan Perumahan (Persero) Tbk was 6. The lowest was 3. And the median was 5.


PT Pembangunan Perumahan (Persero) Tbk Piotroski F-Score Historical Data

The historical data trend for PT Pembangunan Perumahan (Persero) Tbk's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

PT Pembangunan Perumahan (Persero) Tbk Piotroski F-Score Chart

PT Pembangunan Perumahan (Persero) Tbk Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 6.00 5.00 5.00 6.00

PT Pembangunan Perumahan (Persero) Tbk Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.00 6.00 7.00 6.00 6.00

Competitive Comparison of PT Pembangunan Perumahan (Persero) Tbk's Piotroski F-Score

For the Engineering & Construction subindustry, PT Pembangunan Perumahan (Persero) Tbk's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


PT Pembangunan Perumahan (Persero) Tbk's Piotroski F-Score Distribution in the Construction Industry

For the Construction industry and Industrials sector, PT Pembangunan Perumahan (Persero) Tbk's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where PT Pembangunan Perumahan (Persero) Tbk's Piotroski F-Score falls into.


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How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was 94600.837 + 52401.46 + 120287.128 + 148364.653 = Rp415,654 Mil.
Cash Flow from Operations was -840011.715 + 472033.675 + -1025504.706 + 1679066.878 = Rp285,584 Mil.
Revenue was 4611622.582 + 4182293.006 + 5210323.118 + 5807904.185 = Rp19,812,143 Mil.
Gross Profit was 528134.92 + 512475.08 + 614200.404 + 978234.233 = Rp2,633,045 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(56525042.575 + 56645983.087 + 57778280.872 + 57910368.664 + 56589716.016) / 5 = Rp57089878.2428 Mil.
Total Assets at the begining of this year (Dec23) was Rp56,525,043 Mil.
Long-Term Debt & Capital Lease Obligation was Rp15,570,125 Mil.
Total Current Assets was Rp29,120,452 Mil.
Total Current Liabilities was Rp22,639,226 Mil.
Net Income was 34221.584 + 62197.99 + 143309.671 + 241649.964 = Rp481,379 Mil.

Revenue was 4363757.011 + 3683470.385 + 4178765.66 + 6238222.415 = Rp18,464,215 Mil.
Gross Profit was 563748.43 + 582270.202 + 573931.069 + 662315.559 = Rp2,382,265 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(57612383.141 + 58693767.87 + 57638600.909 + 59317528.949 + 56525042.575) / 5 = Rp57957464.6888 Mil.
Total Assets at the begining of last year (Dec22) was Rp57,612,383 Mil.
Long-Term Debt & Capital Lease Obligation was Rp11,866,737 Mil.
Total Current Assets was Rp31,291,249 Mil.
Total Current Liabilities was Rp26,992,212 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

PT Pembangunan Perumahan (Persero) Tbk's current Net Income (TTM) was 415,654. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

PT Pembangunan Perumahan (Persero) Tbk's current Cash Flow from Operations (TTM) was 285,584. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Dec23)
=415654.078/56525042.575
=0.00735345

ROA (Last Year)=Net Income/Total Assets (Dec22)
=481379.209/57612383.141
=0.00835548

PT Pembangunan Perumahan (Persero) Tbk's return on assets of this year was 0.00735345. PT Pembangunan Perumahan (Persero) Tbk's return on assets of last year was 0.00835548. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

PT Pembangunan Perumahan (Persero) Tbk's current Net Income (TTM) was 415,654. PT Pembangunan Perumahan (Persero) Tbk's current Cash Flow from Operations (TTM) was 285,584. ==> 285,584 <= 415,654 ==> CFROA <= ROA ==> Score 0.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=15570125.176/57089878.2428
=0.27273005

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=11866736.703/57957464.6888
=0.20474906

PT Pembangunan Perumahan (Persero) Tbk's gearing of this year was 0.27273005. PT Pembangunan Perumahan (Persero) Tbk's gearing of last year was 0.20474906. ==> Last year is lower than this year ==> Score 0.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Dec24)=Total Current Assets/Total Current Liabilities
=29120451.78/22639226.494
=1.28628298

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=31291248.92/26992211.626
=1.15926955

PT Pembangunan Perumahan (Persero) Tbk's current ratio of this year was 1.28628298. PT Pembangunan Perumahan (Persero) Tbk's current ratio of last year was 1.15926955. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

PT Pembangunan Perumahan (Persero) Tbk's number of shares in issue this year was 6185.341. PT Pembangunan Perumahan (Persero) Tbk's number of shares in issue last year was 6185.341. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=2633044.637/19812142.891
=0.13290055

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2382265.26/18464215.471
=0.12902066

PT Pembangunan Perumahan (Persero) Tbk's gross margin of this year was 0.13290055. PT Pembangunan Perumahan (Persero) Tbk's gross margin of last year was 0.12902066. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec23)
=19812142.891/56525042.575
=0.35050204

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=18464215.471/57612383.141
=0.3204904

PT Pembangunan Perumahan (Persero) Tbk's asset turnover of this year was 0.35050204. PT Pembangunan Perumahan (Persero) Tbk's asset turnover of last year was 0.3204904. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+0+0+1+1+1+1
=6

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

PT Pembangunan Perumahan (Persero) Tbk has an F-score of 6 indicating the company's financial situation is typical for a stable company.

PT Pembangunan Perumahan (Persero) Tbk  (ISX:PTPP) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


PT Pembangunan Perumahan (Persero) Tbk Piotroski F-Score Related Terms

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PT Pembangunan Perumahan (Persero) Tbk Business Description

Traded in Other Exchanges
N/A
Address
Jalan Letjend, TB. Simatupang No. 57, Plaza PP - Wisma Subiyanto, Pasar Rebo, Jakarta, IDN, 13760
PT Pembangunan Perumahan (Persero) Tbk provides construction services. The company organizes itself into six segments: construction, property and realty, EPC (engineering, procurement, and construction), precast, equipment rent service, and energy. The construction segment, which generates the majority of the revenue, offers public construction services, including building airports, dams, railways, and other structures. In the other segments, the company creates and sells construction equipment and materials, develops and operates buildings, and works on projects in the energy, oil, gas, and mining sectors.

PT Pembangunan Perumahan (Persero) Tbk Headlines

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