Suryamas Dutamakmur Tbk (SMDM) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Suryamas Dutamakmur Tbk stock IDR 192, price IDR 418, that is 54.0% below the price, quality 42 out of 100. Rating: strongly overvalued. Calculated from audited financials with 9 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 8, 2026.
How to read this chart
60‑month range 114.00 IDR – 2,890 IDR · fair‑value band 144.07 IDR – 240.12 IDR · the 418.00 IDR price screens above the 192.09 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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PT Suryamas Dutamakmur Tbk engages in the development of real estate properties in Indonesia. The company is involved in the sale of land and houses. It also operates golf courses, country clubs, hotels, and other resort facilities; and provision of estate management services.
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The company was founded in 1989 and is headquartered in Jakarta Selatan, Indonesia. As of October 23, 2024, PT Suryamas Dutamakmur Tbk operates as a subsidiary of PT Bumi Serpong Damai Tbk.
Stock analysis
Suryamas Dutamakmur Tbk (SMDM) currently trades at 418.00 IDR, while our model-based Fair Value estimate is 192.09 IDR, 54% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 298.65 IDR per share, and 0 of the 9 models we run sit above the 418.00 IDR price.
Bear case: the Dividend Discount group reads lowest at 29.90 IDR, and 9 of the 9 models stay below the price. Data coverage for this calculation is low.
Scenario range: 144.07 IDR (bear) to 240.12 IDR (bull), the price of 418.00 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 42/100 (below-average quality), in the Real Estate sector.
Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Suryamas Dutamakmur Tbk reported revenue of 386B IDR in FY2025 versus 567B IDR in FY2021, a compound −9.2%/yr. Reported net income was 22.1B IDR in FY2025, compounding −31.6%/yr from FY2021.
Key figures
Market cap 2.0T IDR (≈ $111M) Micro · P/E ratio 107.2 · P/S ratio 5.28 · EPS (TTM) 3.90 IDR · Dividend yield 0.8% · Net margin 4.6% · Return on equity 0.5% · Return on assets (EBIT) 3.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 23 out of 100 (low confidence).
What moves the price
The share trades about 67% below its 52-week high and 14% above 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 −54%, SMDM screens richer than that median.
Fair Value models
Bear144.07 IDRFair Value 192.09 IDRBull240.12 IDR
Price 418.00 IDR · Downside -54.0%
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 (3.34 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.19/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
−44.4%
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.
−12.0%
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.
+0.0%
Start year 2020 (pandemic). Over 10 years: −4.0% a year
Revenue growth 25 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%
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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.
−20.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−21.3%
Dividend (yield on the price)0.8%
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.−21.3% vs −5.5%, slowing
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.10% → 10%
Compare Suryamas Dutamakmur 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.Real Estate - Development · 489 stocks
Beats the industry median on 1/13 measures
Overall it trails its industry peers.
Valuation
Quality Score42 · Below median
Fair Value upside−56.5% · Bottom 25%
Profitability
Return on equity (12 months)0.5% · Below median
Return on assets0.6% · Below median
Net margin (12 months)4.6% · Below median
Operating margin (12 months)−7.7% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−16.7% · Below median
Dividend yield (12 months)0.8% · Bottom 25%
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
P/E (12 months)107.2× · Priciest 25%
P/B0.92× · Pricier than median
P/S (12 months)5.28× · Priciest 25%
EV/EBITDA32.1× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 68
FUTURE (revenue growth)0· sector 0
PAST (return on equity)2· sector 17
HEALTH (low debt)99· sector 83
DIVIDEND (yield)16· 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.
Is Suryamas Dutamakmur Tbk (SMDM) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 192.09 IDR versus a price of 418.00 IDR, about 54% lower (overvalued).
What is the fair value of SMDM?
Our model-based fair value for Suryamas Dutamakmur Tbk is 192.09 IDR (as of Nov 8, 2026), built from audited fundamentals. The current price: 418.00 IDR.
What is the quality score of SMDM?
Suryamas Dutamakmur Tbk has a Quality Score of 42/100. 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 Suryamas Dutamakmur Tbk (SMDM)?
Our model-based price target is the fair value of 192.09 IDR (as of Nov 8, 2026) from 9 valuation models. Cautious scenario 144.07 IDR, optimistic scenario 240.12 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Suryamas Dutamakmur Tbk stock forecast for 2026?
Our models put fair value at 192.09 IDR, about 54% lower versus a price of 418.00 IDR (overvalued). Cautious scenario 144.07 IDR, optimistic scenario 240.12 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Suryamas Dutamakmur Tbk (SMDM)?
Suryamas Dutamakmur Tbk reported trailing-twelve-month revenue of about 400B IDR (latest available figure, as of Nov 8, 2026).
Does Suryamas Dutamakmur Tbk pay a dividend?
Suryamas Dutamakmur Tbk currently shows a dividend yield of 0.82% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Suryamas Dutamakmur Tbk (SMDM)?
Suryamas Dutamakmur Tbk has a dividend yield of 0.8%.
What is the intrinsic value of Suryamas Dutamakmur Tbk (SMDM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Suryamas Dutamakmur Tbk it is 192.09 IDR per share (as of Nov 8, 2026), against a price of 418.00 IDR. It is the blended result of 9 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Suryamas Dutamakmur Tbk stock overvalued or undervalued in 2026?
As of Nov 8, 2026, SMDM trades above its calculated fair value: price 418.00 IDR, fair value 192.09 IDR, a gap of about −54% (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 SMDM?
No. The price is what the market pays today (418.00 IDR); the fair value is what the company's own numbers justify (192.09 IDR). For Suryamas Dutamakmur Tbk the two are 225.91 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Suryamas Dutamakmur Tbk worth?
The market values Suryamas Dutamakmur Tbk at about 2.0T IDR (market capitalisation, as of Nov 8, 2026). Per share that is 418.00 IDR; our models calculate a fair value of 192.09 IDR per share.
What do the bullish and bearish scenarios say about SMDM?
Our models span a range for Suryamas Dutamakmur Tbk: cautious scenario 144.07 IDR, base 192.09 IDR, optimistic 240.12 IDR per share (as of Nov 8, 2026, price 418.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SMDM?
Suryamas Dutamakmur Tbk trades at a price-to-earnings ratio of 107.2 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 192.09 IDR is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 19.9. Other multiples: P/B 0.9, P/S 5.3, EV/EBITDA 32.1.
How solid is the balance sheet of Suryamas Dutamakmur Tbk (SMDM)?
Balance-sheet figures for Suryamas Dutamakmur Tbk (as of Nov 8, 2026): return on equity 0.5%, debt of 0.01 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is SMDM from its 52-week high?
Suryamas Dutamakmur Tbk trades at 418.00 IDR, about 67% below its 52-week high of 1,260 IDR and 14% above the low of 368.00 IDR (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 192.09 IDR is for.
Which stocks are comparable to Suryamas Dutamakmur Tbk?
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 Suryamas Dutamakmur Tbk stock attractive at the current price?
The data as of Nov 8, 2026: price 418.00 IDR, calculated fair value 192.09 IDR (−54%), Quality Score 42/100, from 9 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 SMDM calculated?
We run Suryamas Dutamakmur Tbk through 9 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 192.09 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. Suryamas Dutamakmur 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 Suryamas Dutamakmur Tbk (SMDM)?
The closing price on Nov 9, 2026 was 418.00 IDR. Our model-based fair value is 192.09 IDR, about 54% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Suryamas Dutamakmur Tbk right now?
The price sits above even our optimistic bull case (240.12 IDR). The favourable scenario is already priced in. Weak quality (42/100) 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. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Where does the earnings growth of Suryamas Dutamakmur Tbk (SMDM) come from?
Earnings per share at Suryamas Dutamakmur Tbk grew +8.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +0.6 %, EBIT margin +2.4 %, tax rate +1.4 %, residual (interest, one-offs) +3.6 %. 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 Suryamas Dutamakmur Tbk
How large is the market capitalisation of Suryamas Dutamakmur Tbk (SMDM)?
The market capitalisation of Suryamas Dutamakmur Tbk is 2.0T IDR (≈ $111M). 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 Suryamas Dutamakmur Tbk (SMDM)?
The price-to-sales ratio of Suryamas Dutamakmur Tbk is 5.28 (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 Suryamas Dutamakmur Tbk (SMDM)?
Earnings per share at Suryamas Dutamakmur Tbk are 3.90 IDR (price ÷ EPS = P/E 107.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Suryamas Dutamakmur Tbk (SMDM)?
The dividend yield of Suryamas Dutamakmur Tbk is 0.8% (payout 87.7%). 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 Suryamas Dutamakmur Tbk (SMDM)?
The net margin of Suryamas Dutamakmur Tbk is 4.6% (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 Suryamas Dutamakmur Tbk (SMDM)?
The return on equity (ROE) of Suryamas Dutamakmur Tbk is 0.5% (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 Suryamas Dutamakmur Tbk (SMDM)?
On an EBIT basis the return on assets of Suryamas Dutamakmur Tbk is 3.7% (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 Suryamas Dutamakmur Tbk (SMDM)?
The operating margin of Suryamas Dutamakmur Tbk is −7.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Suryamas Dutamakmur Tbk (SMDM)?
Revenue at Suryamas Dutamakmur Tbk is growing −16.7% versus a year earlier (3y avg −12.0%). 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 Suryamas Dutamakmur Tbk (SMDM)?
Earnings per share at Suryamas Dutamakmur Tbk are growing +15.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Suryamas Dutamakmur Tbk (SMDM) generate?
The free cash flow of Suryamas Dutamakmur Tbk is −142B 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 Suryamas Dutamakmur Tbk (SMDM) hold?
Suryamas Dutamakmur Tbk holds more cash than debt, 121B IDR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 8, 2026