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PT Sumber Mineral Global Abadi (SMGA) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of PT Sumber Mineral Global Abadi stock IDR 33, price IDR 64, that is 48.9% below the price, quality 44 out of 100. Rating: strongly overvalued. Calculated from audited financials with 15 of our 26 valuation models and 37 quality factors, updated daily.

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Basic Materials ID

PS PT Sumber Mineral Global Abadi logo Thin data Nov 4, 2026

PT Sumber Mineral Global Abadi

SMGA · JK
Very expensive, weak quality

Our calculation puts a fair price 49% below what the stock costs today.

Low debt
Ranks above peers (8/11)
Last quarter vs. a year ago: revenue +71%, profit +135%.
Quality 44/100
Expensive Growth (revenue 3y +128.6 %/yr in IDR)
Thin margins · 3.1% net margin (TTM)
Fair value 32.70 IDR · Strongly overvalued
Negative free cash flow
Narrow moat 44/100 · thin data
Thin data
⟳ Cyclical⚠ Small free float
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

142.00 IDR 50.00 IDR Fair Value 32.70 IDR Jan 2024 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.

How to read this chart

33‑month range 50.00 IDR – 142.00 IDR · fair‑value band 19.48 IDR – 40.88 IDR · the 64.00 IDR price screens above the 32.70 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.

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Company profile

PT Sumber Mineral Global Abadi Tbk engages in wholesale trading of solid, liquid, and gas fuels and related products, and metals and metal ores in Indonesia and internationally.

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The company engages in metal and ore; sand and nickel; cement, lime, sand, stone wholesale trade; and solid liquid fuel and gas wholesale trading and products businesses. It trades nickel, limestone, silica sand, and coal products.

The company was founded in 2016 and is headquartered in Jakarta Selatan, Indonesia. PT Sumber Mineral Global Abadi Tbk is a subsidiary of PT Sumber Global Energy Tbk.

Stock analysis

PT Sumber Mineral Global Abadi (SMGA) currently trades at 64.00 IDR, while our model-based Fair Value estimate is 32.70 IDR, 49% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of 236.67 IDR per share, and 11 of the 15 models we run sit above the 64.00 IDR price.

Bear case: the Asset-Based group reads lowest at 32.48 IDR, and 4 of the 15 models stay below the price. Data coverage for this calculation is low.

Scenario range: 19.48 IDR (bear) to 40.88 IDR (bull), the price of 64.00 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 44/100 (below-average quality), in the Basic Materials sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

PT Sumber Mineral Global Abadi reported revenue of 1.9T IDR in FY2025 versus 8.3B IDR in FY2021, a compound +290.9%/yr. Reported net income was 48.1B IDR in FY2025, compounding +237.6%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.

Key figures

Market cap 551B IDR (≈ $30.6M) Micro · P/S ratio 0.22 · Net margin 3.1% · Return on equity 18.3% · Return on assets (EBIT) 3.4% (5-year average) · Operating margin 7.0% · Revenue (TTM) 2.6T IDR · Revenue growth (YoY) +71.1%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 44 out of 100 (low confidence).

What moves the price

The share trades about 53% below its 52-week high and 19% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −8% fair-value upside, at −49%, SMGA screens richer than that median.

Fair Value models

Bear 19.48 IDR Fair Value 32.70 IDR Bull 40.88 IDR
Price 64.00 IDR · Downside -48.9%
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.
Best data coverage
EPV 36.06 IDR 40.92 IDR 44.97 IDR 74
Owner Earnings 55.66 IDR 114.94 IDR 225.03 IDR 67
EV/EBITDA 61.07 IDR 81.87 IDR 102.68 IDR 67
All 15 models by family
DCF Models
Owner Earnings 55.66 IDR 114.94 IDR 225.03 IDR 67
Earnings-Based
Graham-Dodd 37.37 IDR 260.64 IDR 365.77 IDR 59
Lynch FV 134.66 IDR 192.37 IDR 250.08 IDR 57
PEG = 1.0 134.66 IDR 192.37 IDR 250.08 IDR 53
EPV 36.06 IDR 40.92 IDR 44.97 IDR 74
Multiples
P/E Multiple 70.08 IDR 93.43 IDR 116.79 IDR 63
P/S Multiple 70.08 IDR 93.43 IDR 116.79 IDR 58
P/B Multiple 101.31 IDR 135.08 IDR 168.85 IDR 55
EV/EBIT 68.41 IDR 91.66 IDR 114.92 IDR 66
EV/EBITDA 61.07 IDR 81.87 IDR 102.68 IDR 67
EV/Revenue 59.11 IDR 85.02 IDR 110.93 IDR 53
Asset-Based
NCAV (Graham) 21.43 IDR 32.48 IDR 40.59 IDR 54
Economic Profit
Residual Income 40.23 IDR 45.12 IDR 58.19 IDR 66
ROIC Compounder 36.06 IDR 40.92 IDR 44.97 IDR 67
Growth Earnings
Growth-Adj P/E 165.67 IDR 236.67 IDR 307.66 IDR 63

The fair value above starts from this blend and is adjusted for a cyclical peak year.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 44/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 46
How much profit the company makes from its sales and capital
Quality Growth 73
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 70
Debt, balance sheet and risk of trouble
Investment 33
Does it invest with discipline instead of growing at any price?
Low Volatility 43
How calm the share price moves, does not count
Price momentum 17
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 6
Distance to the 52-week high, does not count
New shares 43
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+82.5%
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.
+128.6%
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.
+40.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+40.8%
Dividend (yield on the price)0.0%
Profit margin 2021 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.5% → 3%
2025 sits 378% above its own trend. The rate follows the median trend of the last 5 years, not that single year.

SMGA screens overvalued: fair value 49% below the price. Compare with BHP Group →

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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.Other Industrial Metals & Mining · 372 stocks

Beats the industry median on 8/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 44 · Above median
Fair Value upside −48.9% · Below median
Profitability
Return on equity (12 months) 18.3% · Top 25%
Return on assets 5.1% · Top 25%
Net margin (12 months) 3.1% · Below median
Operating margin (12 months) 7.0% · Below median
Growth and dividend
Revenue growth (quarter YoY) 71.1% · Top 25%
Balance sheet
Debt / equity 0.03× · Below median

Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper

P/B 1.36× · Cheaper than median
P/S (12 months) 0.21× · Cheapest 25%
EV/EBITDA 4.4× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)100 · sector 92
PAST (return on equity)73 · sector 0
HEALTH (low debt)98 · sector 95
DIVIDEND (yield)0 · sector 34

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Vedanta Limited VEDL ₹261.75 ₹334.17 +28% vs SMGA
Saudi Arabian Mining Company 1211 58.25 SAR 64.96 SAR +12% vs SMGA
Hindustan Zinc Limited HINDZINC ₹568.10 ₹624.91 +10% vs SMGA
Western Mining Co 601168 ¥27.56 ¥30.32 +10% vs SMGA
Boliden AB BOL kr 503.40 kr 464.45 −8% vs SMGA
BHP Group BHP A$59.20 A$47.85 −19% vs SMGA
Zhejiang Huayou Cobalt Co 603799 ¥33.04 ¥25.57 −23% vs SMGA
Korea Zinc Company 010130 960,000 KRW 649,125 KRW −32% vs SMGA
CMOC Group 603993 ¥13.29 ¥6.82 −49% vs SMGA
China Tungsten And Hightech Materials Co 000657 ¥38.65 ¥4.44 −89% vs SMGA

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PT Sumber Mineral Global Abadi: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "PT Sumber Mineral Global Abadi Fair Value". https://www.fairvalue-calculator.com/stock/SMGA

Frequently asked questions

Is PT Sumber Mineral Global Abadi (SMGA) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 32.70 IDR versus a price of 64.00 IDR, about 49% lower (overvalued).
What is the fair value of SMGA?
Our model-based fair value for PT Sumber Mineral Global Abadi is 32.70 IDR (as of Nov 4, 2026), built from audited fundamentals. The current price: 64.00 IDR.
What is the quality score of SMGA?
PT Sumber Mineral Global Abadi has a Quality Score of 44/100. 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 PT Sumber Mineral Global Abadi (SMGA)?
Our model-based price target is the fair value of 32.70 IDR (as of Nov 4, 2026) from 15 valuation models. Cautious scenario 19.48 IDR, optimistic scenario 40.88 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the PT Sumber Mineral Global Abadi stock forecast for 2026?
Our models put fair value at 32.70 IDR, about 49% lower versus a price of 64.00 IDR (overvalued). Cautious scenario 19.48 IDR, optimistic scenario 40.88 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of PT Sumber Mineral Global Abadi (SMGA)?
PT Sumber Mineral Global Abadi reported trailing-twelve-month revenue of about 2.6T IDR (latest available figure, as of Nov 4, 2026).
What is the intrinsic value of PT Sumber Mineral Global Abadi (SMGA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For PT Sumber Mineral Global Abadi it is 32.70 IDR per share (as of Nov 4, 2026), against a price of 64.00 IDR. It is the blended result of 15 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is PT Sumber Mineral Global Abadi stock overvalued or undervalued in 2026?
As of Nov 4, 2026, SMGA trades above its calculated fair value: price 64.00 IDR, fair value 32.70 IDR, a gap of about −49% (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 SMGA?
No. The price is what the market pays today (64.00 IDR); the fair value is what the company's own numbers justify (32.70 IDR). For PT Sumber Mineral Global Abadi the two are 31.30 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is PT Sumber Mineral Global Abadi worth?
The market values PT Sumber Mineral Global Abadi at about 551B IDR (market capitalisation, as of Nov 4, 2026). Per share that is 64.00 IDR; our models calculate a fair value of 32.70 IDR per share.
What do the bullish and bearish scenarios say about SMGA?
Our models span a range for PT Sumber Mineral Global Abadi: cautious scenario 19.48 IDR, base 32.70 IDR, optimistic 40.88 IDR per share (as of Nov 4, 2026, price 64.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of PT Sumber Mineral Global Abadi (SMGA)?
Balance-sheet figures for PT Sumber Mineral Global Abadi (as of Nov 4, 2026): return on equity 18.3%, debt of 0.03 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is SMGA from its 52-week high?
PT Sumber Mineral Global Abadi trades at 64.00 IDR, about 53% below its 52-week high of 136.00 IDR and 19% above the low of 54.00 IDR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 32.70 IDR is for.
Which stocks are comparable to PT Sumber Mineral Global Abadi?
From the same area (Basic Materials) we also value BHP Group, Saudi Arabian Mining Company, CMOC Group, Hindustan Zinc 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 PT Sumber Mineral Global Abadi stock attractive at the current price?
The data as of Nov 4, 2026: price 64.00 IDR, calculated fair value 32.70 IDR (−49%), Quality Score 44/100, 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 SMGA calculated?
We run PT Sumber Mineral Global Abadi through 15 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 32.70 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. PT Sumber Mineral Global Abadi 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 PT Sumber Mineral Global Abadi (SMGA)?
The closing price on Nov 6, 2026 was 64.00 IDR. Our model-based fair value is 32.70 IDR, about 49% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with PT Sumber Mineral Global Abadi right now?
The price sits above even our optimistic bull case (40.88 IDR). The favourable scenario is already priced in. Weak quality (44/100) 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 (19.48 IDR to 40.88 IDR) leaves room in how you read the outcome.

Key figures of PT Sumber Mineral Global Abadi

How large is the market capitalisation of PT Sumber Mineral Global Abadi (SMGA)?
The market capitalisation of PT Sumber Mineral Global Abadi is 551B IDR (≈ $30.6M). 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 PT Sumber Mineral Global Abadi (SMGA)?
The price-to-sales ratio of PT Sumber Mineral Global Abadi is 0.22 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of PT Sumber Mineral Global Abadi (SMGA)?
The net margin of PT Sumber Mineral Global Abadi is 3.1% (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 PT Sumber Mineral Global Abadi (SMGA)?
The return on equity (ROE) of PT Sumber Mineral Global Abadi is 18.3% (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 PT Sumber Mineral Global Abadi (SMGA)?
On an EBIT basis the return on assets of PT Sumber Mineral Global Abadi is 3.4% (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 PT Sumber Mineral Global Abadi (SMGA)?
The operating margin of PT Sumber Mineral Global Abadi is 7.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at PT Sumber Mineral Global Abadi (SMGA)?
Revenue at PT Sumber Mineral Global Abadi is growing +71.1% versus a year earlier (3y avg +129%). 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 PT Sumber Mineral Global Abadi (SMGA)?
Earnings per share at PT Sumber Mineral Global Abadi are growing +135% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does PT Sumber Mineral Global Abadi (SMGA) generate?
The free cash flow of PT Sumber Mineral Global Abadi is −133B 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 PT Sumber Mineral Global Abadi (SMGA) carry?
The net debt of PT Sumber Mineral Global Abadi is 11.9B 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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