Megapolitan Developments Tbk (EMDE) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Megapolitan Developments Tbk stock IDR 128, price IDR 51, upside +150.0%, quality 57 out of 100. Rating: strongly undervalued. Calculated from audited financials with 10 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 7, 2026.
How to read this chart
60‑month range 50.00 IDR – 214.00 IDR · fair‑value band 116.57 IDR – 136.62 IDR · the 51.00 IDR price screens below the 127.50 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
Follow Megapolitan Developments Tbk in your weekly email
Every Wednesday you see whether Megapolitan Developments Tbk 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 Megapolitan Developments Tbk operates as a property development company in Indonesia. The company develops and sells apartments, housing, shophouses, and kiosk units projects. It is also involved in renting properties and sale of land.
Show moreShow less
The company was formerly known as PT Megapolitan Developments Corporation and changed its name to PT Megapolitan Developments Tbk in 2010. The company was founded in 1976 and is headquartered in Jakarta, Indonesia.
PT Megapolitan Developments Tbk is a subsidiary of PT. Cosmopolitan Persada Developments.
Stock analysis
Megapolitan Developments Tbk (EMDE) currently trades at 51.00 IDR, while our model-based Fair Value estimate is 127.50 IDR, implying the stock looks roughly 60% undervalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of 814.34 IDR per share, and 9 of the 10 models we run sit above the 51.00 IDR price.
Bear case: the Multiples group reads lowest at 95.70 IDR, and 1 of the 10 models stay below the price. Data coverage for this calculation is low.
Scenario range: 116.57 IDR (bear) to 136.62 IDR (bull), the price of 51.00 IDR sits below 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 57/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Megapolitan Developments Tbk reported revenue of 208B IDR in FY2025 versus 174B IDR in FY2021, a compound +4.7%/yr. Reported net income was −78.0B IDR in FY2025.
Key figures
Market cap 171B IDR (≈ $9.5M) Micro · P/S ratio 0.86 · EPS (TTM) −21.42 IDR · Net margin −33.7% · Return on equity −2.8% · Return on assets (EBIT) 9.2% (5-year average) · Operating margin 27.1% · Revenue (TTM) 213B IDR.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (low confidence).
What moves the price
The share trades about 54% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −16% fair-value upside, at 150%, EMDE screens cheaper than that median.
Fair Value models
Bear116.57 IDRFair Value 127.50 IDRBull136.62 IDR
Price 51.00 IDR · Upside +150.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
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.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.61/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−84.6%
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.
+10.7%
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.
+19.5%
Start year 2020 (pandemic). Over 10 years: −4.4% a year
Revenue growth 18 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.
+6.5%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
Profit margin (trend) ⓘ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.
−10.4% (2019) → 41.2% (2024)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Compare Megapolitan Developments Tbk 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 Services · 472 stocks
Beats the industry median on 8/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score57 · Below median
Fair Value upside+150.0% · Top 25%
Profitability
Return on assets−2.3% · Bottom 25%
Net margin (12 months)−33.7% · Bottom 25%
Operating margin (12 months)27.1% · Above median
Growth and dividend
Revenue growth (quarter YoY)27.6% · Top 25%
Balance sheet
Debt / equity0.24× · Below median
Valuation Multiplesvs Real Estate Services median · lower = cheaper
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.
Is Megapolitan Developments Tbk (EMDE) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 127.50 IDR versus a price of 51.00 IDR, about +150% upside (undervalued).
What is the fair value of EMDE?
Our model-based fair value for Megapolitan Developments Tbk is 127.50 IDR (as of Nov 7, 2026), built from audited fundamentals. The current price: 51.00 IDR.
What is the quality score of EMDE?
Megapolitan Developments Tbk has a Quality Score of 57/100. 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 Megapolitan Developments Tbk (EMDE)?
Our model-based price target is the fair value of 127.50 IDR (as of Nov 7, 2026) from 10 valuation models. Cautious scenario 116.57 IDR, optimistic scenario 136.62 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Megapolitan Developments Tbk stock forecast for 2026?
Our models put fair value at 127.50 IDR, about +150% upside versus a price of 51.00 IDR (undervalued). Cautious scenario 116.57 IDR, optimistic scenario 136.62 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Megapolitan Developments Tbk (EMDE)?
Megapolitan Developments Tbk reported trailing-twelve-month revenue of about 213B IDR (latest available figure, as of Nov 7, 2026).
What is the intrinsic value of Megapolitan Developments Tbk (EMDE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Megapolitan Developments Tbk it is 127.50 IDR per share (as of Nov 7, 2026), against a price of 51.00 IDR. It is the blended result of 10 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Megapolitan Developments Tbk stock overvalued or undervalued in 2026?
As of Nov 7, 2026, EMDE trades below its calculated fair value: price 51.00 IDR, fair value 127.50 IDR, a gap of about +150% (undervalued). 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 EMDE?
No. The price is what the market pays today (51.00 IDR); the fair value is what the company's own numbers justify (127.50 IDR). For Megapolitan Developments Tbk the two are 76.50 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Megapolitan Developments Tbk worth?
The market values Megapolitan Developments Tbk at about 171B IDR (market capitalisation, as of Nov 7, 2026). Per share that is 51.00 IDR; our models calculate a fair value of 127.50 IDR per share.
What do the bullish and bearish scenarios say about EMDE?
Our models span a range for Megapolitan Developments Tbk: cautious scenario 116.57 IDR, base 127.50 IDR, optimistic 136.62 IDR per share (as of Nov 7, 2026, price 51.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Megapolitan Developments Tbk (EMDE)?
Balance-sheet figures for Megapolitan Developments Tbk (as of Nov 7, 2026): return on equity −2.8%, debt of 0.24 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is EMDE from its 52-week high?
Megapolitan Developments Tbk trades at 51.00 IDR, about 54% below its 52-week high of 110.00 IDR and 2% above the low of 50.00 IDR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 127.50 IDR is for.
Which stocks are comparable to Megapolitan Developments Tbk?
From the same area (Real Estate) we also value CBRE Group, Cellnex Telecom, S.A, KE Holdings, Swire Properties 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 Megapolitan Developments Tbk stock attractive at the current price?
The data as of Nov 7, 2026: price 51.00 IDR, calculated fair value 127.50 IDR (+150%), Quality Score 57/100, from 10 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 EMDE calculated?
We run Megapolitan Developments Tbk through 10 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of 127.50 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. Megapolitan Developments Tbk currently trades 60% below its own fair value, and the market average says nothing about that. 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 Megapolitan Developments Tbk (EMDE)?
The closing price on Nov 6, 2026 was 51.00 IDR. Our model-based fair value is 127.50 IDR, about +150% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Megapolitan Developments Tbk right now?
The price is below even our cautious bear case (116.57 IDR). The market is more pessimistic than our downside scenario. 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 quality (57/100) at a price below fair value, the discount is the argument here, not the business quality. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Megapolitan Developments Tbk
How large is the market capitalisation of Megapolitan Developments Tbk (EMDE)?
The market capitalisation of Megapolitan Developments Tbk is 171B IDR (≈ $9.5M). 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 Megapolitan Developments Tbk (EMDE)?
The price-to-sales ratio of Megapolitan Developments Tbk is 0.86 (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 Megapolitan Developments Tbk (EMDE)?
Earnings per share at Megapolitan Developments Tbk are −21.42 IDR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Megapolitan Developments Tbk (EMDE)?
The net margin of Megapolitan Developments Tbk is −33.7% (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 Megapolitan Developments Tbk (EMDE)?
The return on equity (ROE) of Megapolitan Developments Tbk is −2.8% (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 Megapolitan Developments Tbk (EMDE)?
On an EBIT basis the return on assets of Megapolitan Developments Tbk is 9.2% (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 Megapolitan Developments Tbk (EMDE)?
The operating margin of Megapolitan Developments Tbk is 27.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Megapolitan Developments Tbk (EMDE)?
Revenue at Megapolitan Developments Tbk is growing +27.6% versus a year earlier (3y avg +10.7%). 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 Megapolitan Developments Tbk (EMDE)?
Earnings per share at Megapolitan Developments Tbk are growing +394% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Megapolitan Developments Tbk (EMDE) generate?
The free cash flow of Megapolitan Developments Tbk is 505B 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 debt does Megapolitan Developments Tbk (EMDE) carry?
The net debt of Megapolitan Developments Tbk is 278B IDR (fiscal year 2025, ≈ 0.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Megapolitan Developments Tbk in the live analysis
One click puts Megapolitan Developments Tbk on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Thin data
Nov 7, 2026