Gunawan Dianjaya Steel Tbk (GDST) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Gunawan Dianjaya Steel Tbk stock IDR 50, price IDR 88, that is 43.0% below the price, quality 31 out of 100. Rating: strongly overvalued. Calculated from audited financials with 15 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 9, 2026.
How to read this chart
60‑month range 69.00 IDR – 217.90 IDR · fair‑value band 35.10 IDR – 65.20 IDR · the 88.00 IDR price screens above the 50.15 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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PT Gunawan Dianjaya Steel Tbk manufactures and sells hot rolled steel plates in Indonesia.
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It provides steel plates for general use, such as low carbon structural steel plates and high strength low alloy structural steel plates; steel plates for boilers and pressure vessels; and steel plates for ship building, including hull structural steel plates and high tensile steels.
The company also exports its products. PT Gunawan Dianjaya Steel Tbk was founded in 1989 and is based in Surabaya, Indonesia.
Stock analysis
Gunawan Dianjaya Steel Tbk (GDST) currently trades at 88.00 IDR, while our model-based Fair Value estimate is 50.15 IDR, 43% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of 134.21 IDR per share, and 9 of the 15 models we run sit above the 88.00 IDR price.
Bear case: the Dividend Discount group reads lowest at 10.14 IDR, and 6 of the 15 models stay below the price. Data coverage for this calculation is low.
Scenario range: 35.10 IDR (bear) to 65.20 IDR (bull), the price of 88.00 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 31/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Gunawan Dianjaya Steel Tbk reported revenue of 2.3T IDR in FY2025 versus 1.7T IDR in FY2021, a compound +8.8%/yr. Reported net income was 73.2B IDR in FY2025.
Key figures
Market cap 813B IDR (≈ $45.2M) Micro · P/E ratio 8.2 · P/S ratio 0.37 · EPS (TTM) 10.77 IDR · Dividend yield 2.8% · Net margin 4.8% · Return on equity 7.1% · Return on assets (EBIT) 6.9% (5-year average).
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 37% below its 52-week high and 28% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −34% fair-value upside, at −43%, GDST screens richer than that median.
Fair Value models
Bear35.10 IDRFair Value 50.15 IDRBull65.20 IDR
Price 88.00 IDR · Downside -43.0%
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 (7.09 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.
Best data coverage
EPV121.23 IDR134.21 IDR145.16 IDR74
Residual Income113.14 IDR112.14 IDR116.45 IDR74
ROIC Compounder121.23 IDR134.21 IDR145.16 IDR70
All 15 models by family
Earnings-Based
Graham-Dodd53.88 IDR138.69 IDR180.61 IDR63
PEG = 1.026.07 IDR37.24 IDR48.42 IDR55
EPV121.23 IDR134.21 IDR145.16 IDR74
Dividend Discount
Gordon GGM6.26 IDR11.13 IDR16.49 IDR65
DDM Multi-Stage6.26 IDR9.15 IDR11.95 IDR65
Multiples
P/E Multiple101.03 IDR134.71 IDR168.39 IDR63
P/S Multiple101.03 IDR134.71 IDR168.39 IDR58
P/B Multiple96.82 IDR129.09 IDR161.36 IDR55
EV/EBIT8.14 IDR50.29 IDR92.43 IDR58
EV/EBITDAn/a15.29 IDR48.69 IDR62
EV/Revenuen/a38.24 IDR85.21 IDR50
Asset-Based
NCAV (Graham)76.22 IDR102.13 IDR152.44 IDR54
Economic Profit
Residual Income113.14 IDR112.14 IDR116.45 IDR74
ROIC Compounder121.23 IDR134.21 IDR145.16 IDR70
Growth Earnings
Growth-Adj P/E80.03 IDR114.33 IDR148.63 IDR65
The fair value above starts from this blend and is adjusted for a cyclical peak year.
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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−9.7%
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.
−3.3%
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.
+12.0%
Start year 2020 (pandemic). Over 10 years: +9.9% a year
Revenue growth 17 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.
−1.5%
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What shareholders gained per year (last 5 years), in IDR ⓘ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. 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.
+22.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+20.1%
Dividend (yield on the price)2.8%
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.base effect: 20.1% / 7.4%
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.−3% → 5%
Compare Gunawan Dianjaya Steel Tbk with another stock
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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.Steel · 410 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score31 · Bottom 25%
Fair Value upside−41.7% · Below median
Profitability
Return on equity (12 months)7.1% · Above median
Return on assets2.1% · Above median
Net margin (12 months)4.8% · Above median
Operating margin (12 months)5.0% · Above median
Growth and dividend
Revenue growth (quarter YoY)−3.5% · Below median
Dividend yield (12 months)2.8% · Above median
Balance sheet
Debt / equity0.09× · Below median
Valuation Multiplesvs Steel median · lower = cheaper
P/E (12 months)8.2× · Cheapest 25%
P/B0.56× · Cheaper than median
P/S (12 months)0.37× · Cheaper than median
EV/EBITDA5.4× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 22
FUTURE (revenue growth)0· sector 38
PAST (return on equity)28· sector 19
HEALTH (low debt)96· sector 95
DIVIDEND (yield)58· sector 52
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.
Is Gunawan Dianjaya Steel Tbk (GDST) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 50.15 IDR versus a price of 88.00 IDR, about 43% lower (overvalued).
What is the fair value of GDST?
Our model-based fair value for Gunawan Dianjaya Steel Tbk is 50.15 IDR (as of Nov 9, 2026), built from audited fundamentals. The current price: 88.00 IDR.
What is the quality score of GDST?
Gunawan Dianjaya Steel Tbk has a Quality Score of 31/100. 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 Gunawan Dianjaya Steel Tbk (GDST)?
Our model-based price target is the fair value of 50.15 IDR (as of Nov 9, 2026) from 15 valuation models. Cautious scenario 35.10 IDR, optimistic scenario 65.20 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Gunawan Dianjaya Steel Tbk stock forecast for 2026?
Our models put fair value at 50.15 IDR, about 43% lower versus a price of 88.00 IDR (overvalued). Cautious scenario 35.10 IDR, optimistic scenario 65.20 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Gunawan Dianjaya Steel Tbk (GDST)?
Gunawan Dianjaya Steel Tbk reported trailing-twelve-month revenue of about 2.1T IDR (latest available figure, as of Nov 9, 2026).
Does Gunawan Dianjaya Steel Tbk pay a dividend?
Gunawan Dianjaya Steel Tbk currently shows a dividend yield of 2.84% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Gunawan Dianjaya Steel Tbk (GDST) and when is the ex-dividend date?
Gunawan Dianjaya Steel Tbk pays a dividend of 2.50 IDR per share a year, a dividend yield of 2.8%. The last ex-dividend date was Jan 8, 2026. The payout ratio is 23.2% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Gunawan Dianjaya Steel Tbk (GDST)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Gunawan Dianjaya Steel Tbk it is 50.15 IDR per share (as of Nov 9, 2026), against a price of 88.00 IDR. It is the blended result of 15 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Gunawan Dianjaya Steel Tbk stock overvalued or undervalued in 2026?
As of Nov 9, 2026, GDST trades above its calculated fair value: price 88.00 IDR, fair value 50.15 IDR, a gap of about −43% (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 GDST?
No. The price is what the market pays today (88.00 IDR); the fair value is what the company's own numbers justify (50.15 IDR). For Gunawan Dianjaya Steel Tbk the two are 37.85 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Gunawan Dianjaya Steel Tbk worth?
The market values Gunawan Dianjaya Steel Tbk at about 813B IDR (market capitalisation, as of Nov 9, 2026). Per share that is 88.00 IDR; our models calculate a fair value of 50.15 IDR per share.
What do the bullish and bearish scenarios say about GDST?
Our models span a range for Gunawan Dianjaya Steel Tbk: cautious scenario 35.10 IDR, base 50.15 IDR, optimistic 65.20 IDR per share (as of Nov 9, 2026, price 88.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GDST?
Gunawan Dianjaya Steel Tbk trades at a price-to-earnings ratio of 8.2 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 50.15 IDR is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2016 to 2025), reported earnings: 15.5. Other multiples: P/B 0.6, P/S 0.4, EV/EBITDA 5.4.
How solid is the balance sheet of Gunawan Dianjaya Steel Tbk (GDST)?
Balance-sheet figures for Gunawan Dianjaya Steel Tbk (as of Nov 9, 2026): return on equity 7.1%, debt of 0.09 per unit of equity. They feed the Quality Score of 31/100, which measures business quality independently of the share price.
How far is GDST from its 52-week high?
Gunawan Dianjaya Steel Tbk trades at 88.00 IDR, about 37% below its 52-week high of 139.00 IDR and 28% above the low of 69.00 IDR (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 50.15 IDR is for.
Which stocks are comparable to Gunawan Dianjaya Steel Tbk?
From the same area (Basic Materials) we also value Nucor Corporation, ArcelorMittal S.A, Steel Dynamics, Inc, JSW Steel 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 Gunawan Dianjaya Steel Tbk stock attractive at the current price?
The data as of Nov 9, 2026: price 88.00 IDR, calculated fair value 50.15 IDR (−43%), Quality Score 31/100, from 15 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 GDST calculated?
We run Gunawan Dianjaya Steel Tbk through 15 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 50.15 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. Gunawan Dianjaya Steel Tbk 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 Gunawan Dianjaya Steel Tbk (GDST)?
The closing price on Nov 9, 2026 was 88.00 IDR. Our model-based fair value is 50.15 IDR, about 43% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Gunawan Dianjaya Steel Tbk right now?
The price sits above even our optimistic bull case (65.20 IDR). The favourable scenario is already priced in. Weak quality (31/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (35.10 IDR to 65.20 IDR) leaves room in how you read the outcome.
Key figures of Gunawan Dianjaya Steel Tbk
How large is the market capitalisation of Gunawan Dianjaya Steel Tbk (GDST)?
The market capitalisation of Gunawan Dianjaya Steel Tbk is 813B IDR (≈ $45.2M). 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 Gunawan Dianjaya Steel Tbk (GDST)?
The price-to-sales ratio of Gunawan Dianjaya Steel Tbk is 0.37 (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 Gunawan Dianjaya Steel Tbk (GDST)?
Earnings per share at Gunawan Dianjaya Steel Tbk are 10.77 IDR (price ÷ EPS = P/E 8.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Gunawan Dianjaya Steel Tbk (GDST)?
The dividend yield of Gunawan Dianjaya Steel Tbk is 2.8% (payout 23.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Gunawan Dianjaya Steel Tbk (GDST)?
The net margin of Gunawan Dianjaya Steel Tbk is 4.8% (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 Gunawan Dianjaya Steel Tbk (GDST)?
The return on equity (ROE) of Gunawan Dianjaya Steel Tbk is 7.1% (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 Gunawan Dianjaya Steel Tbk (GDST)?
On an EBIT basis the return on assets of Gunawan Dianjaya Steel Tbk is 6.9% (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 Gunawan Dianjaya Steel Tbk (GDST)?
The operating margin of Gunawan Dianjaya Steel Tbk is 5.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Gunawan Dianjaya Steel Tbk (GDST)?
Revenue at Gunawan Dianjaya Steel Tbk is growing −3.5% versus a year earlier (3y avg −3.3%). 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 Gunawan Dianjaya Steel Tbk (GDST)?
Earnings per share at Gunawan Dianjaya Steel Tbk are growing +13.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Gunawan Dianjaya Steel Tbk (GDST) generate?
The free cash flow of Gunawan Dianjaya Steel Tbk is −305B 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 Gunawan Dianjaya Steel Tbk (GDST) carry?
The net debt of Gunawan Dianjaya Steel Tbk is 1.1T IDR (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 9, 2026