Natura City Developments Tbk PT (CITY) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Natura City Developments Tbk PT stock IDR 66, price IDR 107, that is 38.3% below the price, quality 55 out of 100. Rating: strongly overvalued. Calculated from audited financials with 7 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
60‑month range 50.00 IDR – 462.00 IDR · fair‑value band 50.84 IDR – 81.27 IDR · the 107.00 IDR price screens above the 66.06 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 3, 2026.
Follow Natura City Developments Tbk PT in your weekly email
Every Wednesday you see whether Natura City Developments Tbk PT is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
PT Natura City Developments Tbk operates as a real estate company in Indonesia. It operates through four segments: Land Sales, Residential Houses, Shop Houses, and town Management. The company invests in the management and development of residential properties; and services and retail activities.
Show moreShow less
It also offers trade, industry, agriculture, mining, construction, transportation, and urban/area management services. The company was formerly known as PT Sumber Jaya Adhiguna and changed its name to PT Natura City Developments Tbk in March 2018.
PT Natura City Developments Tbk was incorporated in 2011 and is headquartered in Bogor, Indonesia.
Stock analysis
Natura City Developments Tbk PT (CITY) currently trades at 107.00 IDR, while our model-based Fair Value estimate is 66.06 IDR, 38% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Economic Profit group reads highest at a median of 102.62 IDR per share, and 1 of the 7 models we run sit above the 107.00 IDR price.
Bear case: the Asset-Based group reads lowest at 59.78 IDR, and 6 of the 7 models stay below the price. Data coverage for this calculation is low.
Scenario range: 50.84 IDR (bear) to 81.27 IDR (bull), the price of 107.00 IDR sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 55/100 (solid quality), in the Real Estate sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Natura City Developments Tbk PT reported revenue of 145B IDR in FY2025 versus 78.6B IDR in FY2021, a compound +16.5%/yr. Reported net income was 18.0B IDR in FY2025, compounding +94.3%/yr from FY2021.
Key figures
Market cap 602B IDR (≈ $33.5M) Micro · P/E ratio 25.8 · P/S ratio 3.84 · EPS (TTM) 4.14 IDR · Net margin 14.9% · Return on equity 2.6% · Return on assets (EBIT) 0.0% (5-year average) · Operating margin 17.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 45 out of 100 (low confidence).
What moves the price
The share trades about 77% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 33% fair-value upside, at −38%, CITY screens richer than that median.
Fair Value models
Bear50.84 IDRFair Value 66.06 IDRBull81.27 IDR
Price 107.00 IDR · Downside -38.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (3.55 IDR per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.29/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+24.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+58.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−0.4%
Start year 2020 (pandemic). Over 10 years: +2.4% a year
Revenue growth 10 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.4%
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in IDR (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in IDR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+53.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+53.8%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−10.7% vs −14.9%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.43% → 11%
2025 sits 248% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 8.9%/yr over ~8Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Compare Natura City Developments Tbk PT with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Real Estate - Development · 489 stocks
Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score55 · Above median
Fair Value upside−38.3% · Bottom 25%
Profitability
Return on equity (12 months)2.6% · Below median
Return on assets1.6% · Below median
Net margin (12 months)14.9% · Above median
Operating margin (12 months)17.4% · Above median
Growth and dividend
Revenue growth (quarter YoY)26.3% · Top 25%
Balance sheet
Debt / equity0.10× · Below median
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
P/E (12 months)25.8× · Priciest 25%
P/B0.68× · Cheaper than median
P/S (12 months)3.84× · Pricier than median
EV/EBITDA19.8× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 68
FUTURE (revenue growth)100· sector 0
PAST (return on equity)11· sector 17
HEALTH (low debt)95· sector 83
DIVIDEND (yield)0· sector 61
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Natura City Developments Tbk PT Fair Value". https://www.fairvalue-calculator.com/stock/CITY
Frequently asked questions
Is Natura City Developments Tbk PT (CITY) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 66.06 IDR versus a price of 107.00 IDR, about 38% lower (overvalued).
What is the fair value of CITY?
Our model-based fair value for Natura City Developments Tbk PT is 66.06 IDR (as of Nov 3, 2026), built from audited fundamentals. The current price: 107.00 IDR.
What is the quality score of CITY?
Natura City Developments Tbk PT has a Quality Score of 55/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Natura City Developments Tbk PT (CITY)?
Our model-based price target is the fair value of 66.06 IDR (as of Nov 3, 2026) from 7 valuation models. Cautious scenario 50.84 IDR, optimistic scenario 81.27 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Natura City Developments Tbk PT stock forecast for 2026?
Our models put fair value at 66.06 IDR, about 38% lower versus a price of 107.00 IDR (overvalued). Cautious scenario 50.84 IDR, optimistic scenario 81.27 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Natura City Developments Tbk PT (CITY)?
Natura City Developments Tbk PT reported trailing-twelve-month revenue of about 157B IDR (latest available figure, as of Nov 3, 2026).
What is the intrinsic value of Natura City Developments Tbk PT (CITY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Natura City Developments Tbk PT it is 66.06 IDR per share (as of Nov 3, 2026), against a price of 107.00 IDR. It is the blended result of 7 valuation models in 3 families (Multiples, Asset-Based, Economic Profit).
Is Natura City Developments Tbk PT stock overvalued or undervalued in 2026?
As of Nov 3, 2026, CITY trades above its calculated fair value: price 107.00 IDR, fair value 66.06 IDR, a gap of about −38% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CITY?
No. The price is what the market pays today (107.00 IDR); the fair value is what the company's own numbers justify (66.06 IDR). For Natura City Developments Tbk PT the two are 40.94 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Natura City Developments Tbk PT worth?
The market values Natura City Developments Tbk PT at about 602B IDR (market capitalisation, as of Nov 3, 2026). Per share that is 107.00 IDR; our models calculate a fair value of 66.06 IDR per share.
What do the bullish and bearish scenarios say about CITY?
Our models span a range for Natura City Developments Tbk PT: cautious scenario 50.84 IDR, base 66.06 IDR, optimistic 81.27 IDR per share (as of Nov 3, 2026, price 107.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CITY?
Natura City Developments Tbk PT trades at a price-to-earnings ratio of 25.8 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 66.06 IDR is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2018 to 2025), reported earnings: 68.9. Other multiples: P/B 0.7, P/S 3.8, EV/EBITDA 19.8.
How solid is the balance sheet of Natura City Developments Tbk PT (CITY)?
Balance-sheet figures for Natura City Developments Tbk PT (as of Nov 3, 2026): return on equity 2.6%, debt of 0.10 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is CITY from its 52-week high?
Natura City Developments Tbk PT trades at 107.00 IDR, about 77% below its 52-week high of 462.00 IDR and at the low of 107.00 IDR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 66.06 IDR is for.
Which stocks are comparable to Natura City Developments Tbk PT?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, CK Asset Holdings, DLF Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Natura City Developments Tbk PT stock attractive at the current price?
The data as of Nov 3, 2026: price 107.00 IDR, calculated fair value 66.06 IDR (−38%), Quality Score 55/100, from 7 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CITY calculated?
We run Natura City Developments Tbk PT through 7 models from 3 families: Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 66.06 IDR builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Natura City Developments Tbk PT itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Natura City Developments Tbk PT (CITY)?
The closing price on Nov 6, 2026 was 107.00 IDR. Our model-based fair value is 66.06 IDR, about 38% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Natura City Developments Tbk PT right now?
The price sits above even our optimistic bull case (81.27 IDR). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Where does the earnings growth of Natura City Developments Tbk PT (CITY) come from?
Earnings per share at Natura City Developments Tbk PT grew −23.3 % a year from 2015 to 2025. Broken into its drivers: revenue per share −6.6 %, EBIT margin −19.5 %, tax rate −0.3 %, residual (interest, one-offs) +2.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Natura City Developments Tbk PT
How large is the market capitalisation of Natura City Developments Tbk PT (CITY)?
The market capitalisation of Natura City Developments Tbk PT is 602B IDR (≈ $33.5M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Natura City Developments Tbk PT (CITY)?
The price-to-sales ratio of Natura City Developments Tbk PT is 3.84 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Natura City Developments Tbk PT (CITY)?
Earnings per share at Natura City Developments Tbk PT are 4.14 IDR (price ÷ EPS = P/E 25.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Natura City Developments Tbk PT (CITY)?
The net margin of Natura City Developments Tbk PT is 14.9% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Natura City Developments Tbk PT (CITY)?
The return on equity (ROE) of Natura City Developments Tbk PT is 2.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Natura City Developments Tbk PT (CITY)?
On an EBIT basis the return on assets of Natura City Developments Tbk PT is 0.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Natura City Developments Tbk PT (CITY)?
The operating margin of Natura City Developments Tbk PT is 17.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Natura City Developments Tbk PT (CITY)?
Revenue at Natura City Developments Tbk PT is growing +26.3% versus a year earlier (3y avg +58.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Natura City Developments Tbk PT (CITY)?
Earnings per share at Natura City Developments Tbk PT are growing +57.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Natura City Developments Tbk PT (CITY) generate?
The free cash flow of Natura City Developments Tbk PT is −54.3B IDR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Natura City Developments Tbk PT (CITY) hold?
Natura City Developments Tbk PT holds more cash than debt, 28.1B IDR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch Natura City Developments Tbk PT in the live analysis
One click puts Natura City Developments Tbk PT on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Thin data
Nov 3, 2026