Golden Eagle Energy Tbk (SMMT) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Golden Eagle Energy Tbk stock IDR 422, price IDR 2,480, that is 83.0% below the price, quality 54 out of 100. Rating: strongly overvalued. Calculated from audited financials with 24 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 87.33 IDR – 3,990 IDR · fair‑value band 249.47 IDR – 669.03 IDR · the 2,480 IDR price screens above the 421.78 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 7, 2026.
Follow Golden Eagle Energy Tbk in your weekly email
Every Wednesday you see whether Golden Eagle Energy 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 Golden Eagle Energy Tbk engages in the coal mining business in Indonesia. The company owns interests in a coal concession that covers an area of 3,238 hectares located in East Kalimantan; and 2,143 hectares located in South Sumatera.
Show moreShow less
It is also involved in general surveying, exploration, exploitation, processing, refining, and trading activities. In addition, the company offers mining support services.
The company was formerly known as PT Eatertainment International Tbk and changed its name to PT Golden Eagle Energy Tbk in August 2012. PT Golden Eagle Energy Tbk was incorporated in 1980 and is headquartered in Jakarta, Indonesia.
PT Golden Eagle Energy Tbk operates as a subsidiary of PT Geo Energy Investama.
Stock analysis
Golden Eagle Energy Tbk (SMMT) currently trades at 2,480 IDR, while our model-based Fair Value estimate is 421.78 IDR, 83% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of 801.26 IDR per share, and 0 of the 24 models we run sit above the 2,480 IDR price.
Bear case: the Asset-Based group reads lowest at 105.04 IDR, and 24 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: 249.47 IDR (bear) to 669.03 IDR (bull), the price of 2,480 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 54/100 (solid quality), in the Energy sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Golden Eagle Energy Tbk reported revenue of 1.7T IDR in FY2025 versus 508B IDR in FY2021, a compound +35.3%/yr. Reported net income was 66.9B IDR in FY2025, compounding −26.8%/yr from FY2021.
Key figures
Market cap 8.5T IDR (≈ $472M) Small · P/E ratio 133.5 · P/S ratio 5.24 · EPS (TTM) 18.57 IDR · Net margin 3.9% · Return on equity 7.2% · Return on assets (EBIT) 10.5% (5-year average) · Operating margin 8.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 38% below its 52-week high and 141% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at −25% fair-value upside, at −83%, SMMT screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (93.78 IDR to 946.01 IDR). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear249.47 IDRFair Value 421.78 IDRBull669.03 IDR
Price 2,480 IDR · Downside -83.0%
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 (15.92 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.77/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+108.8%
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.
+17.6%
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.
+52.1%
Start year 2020 (pandemic). Over 10 years: +50.4% 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.
+25.1%
’11
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
−12.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−12.1%
Dividend (yield on the price)0.0%
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.−13% → 4%
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+54.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Indonesia: IMF forecast 2.6% a year to 2030, 2.9% from 2016 to 2025) that is about +50.9% a year for the price.
Compare Golden Eagle Energy 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.Thermal Coal · 82 stocks
Beats the industry median on 4/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score54 · Above median
Fair Value upside−83.1% · Bottom 25%
Profitability
Return on equity (12 months)7.2% · Above median
Return on assets4.2% · Above median
Net margin (12 months)4.0% · Below median
Operating margin (12 months)8.3% · Below median
Growth and dividend
Revenue growth (quarter YoY)55.3% · Top 25%
Valuation Multiplesvs Thermal Coal median · lower = cheaper
P/E (12 months)133.5× · Priciest 25%
P/S (12 months)4.26× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 13
FUTURE (revenue growth)100· sector 60
PAST (return on equity)29· sector 27
HEALTH (low debt)100· sector 92
DIVIDEND (yield)0· sector 64
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). "Golden Eagle Energy Tbk Fair Value". https://www.fairvalue-calculator.com/stock/SMMT
Frequently asked questions
Is Golden Eagle Energy Tbk (SMMT) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 421.78 IDR versus a price of 2,480 IDR, about 83% lower (overvalued).
What is the fair value of SMMT?
Our model-based fair value for Golden Eagle Energy Tbk is 421.78 IDR (as of Nov 7, 2026), built from audited fundamentals. The current price: 2,480 IDR.
What is the quality score of SMMT?
Golden Eagle Energy Tbk has a Quality Score of 54/100. 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 Golden Eagle Energy Tbk (SMMT)?
Our model-based price target is the fair value of 421.78 IDR (as of Nov 7, 2026) from 24 valuation models. Cautious scenario 249.47 IDR, optimistic scenario 669.03 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Golden Eagle Energy Tbk stock forecast for 2026?
Our models put fair value at 421.78 IDR, about 83% lower versus a price of 2,480 IDR (overvalued). Cautious scenario 249.47 IDR, optimistic scenario 669.03 IDR. The calculation is refreshed regularly with new filings.
What growth is priced into Golden Eagle Energy Tbk (SMMT)?
For today's price to be fair in a discounted-cash-flow model, Golden Eagle Energy Tbk would have to grow free cash flow by +54.8 % per year for five years (discount rate 12.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +52.1 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of SMMT use?
Our models discount Golden Eagle Energy Tbk at 12.0 %: a base by market capitalisation (small), damped by beta 0.55, country premium for Indonesia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Golden Eagle Energy Tbk that is +54.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.0 %) and the same formula as our fair value.
How much growth has Golden Eagle Energy Tbk (SMMT) delivered so far?
Over the past 5 years revenue at Golden Eagle Energy Tbk grew +52.1 % a year. The price currently implies free-cash-flow growth of +54.8 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Golden Eagle Energy Tbk (SMMT) growing?
The median revenue growth in the sector is +14.3 % a year. That is the yardstick for the growth priced into Golden Eagle Energy Tbk (+54.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Golden Eagle Energy Tbk (SMMT)?
The free-cash-flow yield on the price is 0.74 %: that much free cash flow Golden Eagle Energy Tbk produces per unit of market value. When it exceeds the discount rate of our models (12.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Golden Eagle Energy Tbk (SMMT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Golden Eagle Energy Tbk it is 421.78 IDR per share (as of Nov 7, 2026), against a price of 2,480 IDR. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Golden Eagle Energy Tbk stock overvalued or undervalued in 2026?
As of Nov 7, 2026, SMMT trades above its calculated fair value: price 2,480 IDR, fair value 421.78 IDR, a gap of about −83% (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 SMMT?
No. The price is what the market pays today (2,480 IDR); the fair value is what the company's own numbers justify (421.78 IDR). For Golden Eagle Energy Tbk the two are 2,058 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Golden Eagle Energy Tbk worth?
The market values Golden Eagle Energy Tbk at about 8.5T IDR (market capitalisation, as of Nov 7, 2026). Per share that is 2,480 IDR; our models calculate a fair value of 421.78 IDR per share.
What do the bullish and bearish scenarios say about SMMT?
Our models span a range for Golden Eagle Energy Tbk: cautious scenario 249.47 IDR, base 421.78 IDR, optimistic 669.03 IDR per share (as of Nov 7, 2026, price 2,480 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SMMT?
Golden Eagle Energy Tbk trades at a price-to-earnings ratio of 133.5 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 421.78 IDR is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2017 to 2025), reported earnings: 12.7. Other multiples: P/S 4.3.
How solid is the balance sheet of Golden Eagle Energy Tbk (SMMT)?
Balance-sheet figures for Golden Eagle Energy Tbk (as of Nov 7, 2026): return on equity 7.2%. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is SMMT from its 52-week high?
Golden Eagle Energy Tbk trades at 2,480 IDR, about 38% below its 52-week high of 3,990 IDR and 141% above the low of 1,030 IDR (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 421.78 IDR is for.
Which stocks are comparable to Golden Eagle Energy Tbk?
From the same area (Energy) we also value China Shenhua Energy Company, Shaanxi Coal Industry Company, Adani Enterprises Limited, China Coal Energy Company, 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 Golden Eagle Energy Tbk stock attractive at the current price?
The data as of Nov 7, 2026: price 2,480 IDR, calculated fair value 421.78 IDR (−83%), Quality Score 54/100, from 24 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 SMMT calculated?
We run Golden Eagle Energy Tbk through 24 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 421.78 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. Golden Eagle Energy 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 Golden Eagle Energy Tbk (SMMT)?
The closing price on Nov 9, 2026 was 2,480 IDR. Our model-based fair value is 421.78 IDR, about 83% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Golden Eagle Energy Tbk right now?
The price sits above even our optimistic bull case (669.03 IDR). The favourable scenario is already priced in. The model range is unusually wide (249.47 IDR to 669.03 IDR). The outcome hinges heavily on assumptions, so read the point estimate with caution. 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 (54/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Golden Eagle Energy Tbk
How large is the market capitalisation of Golden Eagle Energy Tbk (SMMT)?
The market capitalisation of Golden Eagle Energy Tbk is 8.5T IDR (≈ $472M). 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 Golden Eagle Energy Tbk (SMMT)?
The price-to-sales ratio of Golden Eagle Energy Tbk is 5.24 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Golden Eagle Energy Tbk (SMMT)?
Earnings per share at Golden Eagle Energy Tbk are 18.57 IDR (price ÷ EPS = P/E 133.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Golden Eagle Energy Tbk (SMMT)?
The net margin of Golden Eagle Energy Tbk is 3.9% (fiscal year 2025). 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 Golden Eagle Energy Tbk (SMMT)?
The return on equity (ROE) of Golden Eagle Energy Tbk is 7.2% (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 Golden Eagle Energy Tbk (SMMT)?
On an EBIT basis the return on assets of Golden Eagle Energy Tbk is 10.5% (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 Golden Eagle Energy Tbk (SMMT)?
The operating margin of Golden Eagle Energy Tbk is 8.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Golden Eagle Energy Tbk (SMMT)?
Revenue at Golden Eagle Energy Tbk is growing +55.3% versus a year earlier (3y avg +17.6%). 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 Golden Eagle Energy Tbk (SMMT)?
Earnings per share at Golden Eagle Energy Tbk are growing +99.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Golden Eagle Energy Tbk (SMMT) carry?
The net debt of Golden Eagle Energy Tbk is 384B IDR (fiscal year 2025, ≈ 6.0 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 Golden Eagle Energy Tbk in the live analysis
One click puts Golden Eagle Energy 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