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PT Dunia Virtual Online Tbk (AREA) Fair Value & Analysis

Technology · ID · Market cap 589B IDR

PD PT Dunia Virtual Online Tbk AREA · JK
Price274.00 IDR
Fair Value109.84 IDR
Upside-59.9%
Quality41/100
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Expensive Growth
Solidly profitable · 12.6% net margin
Low debt · generates free cash flow
Trails peers (3/9)
Narrow moat 39/100
Evidence: High Range 64.03 IDR – 137.30 IDR Share as image

Fair value as of: Jul 13, 2026

From 14 valuation models · updated 28 days ago

Share price +18.1% over the past month.

Below-average quality, and screening another 60% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (137.30 IDR). The favourable scenario is already priced in.
  • Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (64.03 IDR to 137.30 IDR) leaves room in how you read the outcome.
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Price vs Fair Value (2 years)

630.00 IDR 100.00 IDR Fair Value 109.84 IDR Apr 2024 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

28‑month range 100.00 IDR – 630.00 IDR · fair‑value band 64.03 IDR – 137.30 IDR · the 274.00 IDR price screens above the 109.84 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

PT Dunia Virtual Online Tbk (AREA) currently trades at 274.00 IDR, while our model-based Fair Value estimate is 109.84 IDR, implying the stock looks roughly 59.9% overvalued today. The Quality Score stands at 41/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, PT Dunia Virtual Online Tbk generated revenue of 68.7B IDR at a net margin of 12.6%. Revenue grew 31.0% year over year. It earns a return on equity of 3.6%. The balance sheet holds a net cash position of 19.1B IDR. Fundamentals as of Jul 13, 2026

Our scenario range runs from 64.03 IDR (bear case) to 137.30 IDR (bull case); at 274.00 IDR, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 57% below its 52-week high and 41% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -25% fair-value upside, at -60%, AREA screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Growth DCF 31.07 IDR 50.89 IDR 90.05 IDR 80
Rev-Margin DCF 50.52 IDR 93.44 IDR 157.24 IDR 74
Residual Income 72.47 IDR 72.38 IDR 66.96 IDR 61
All 14 models by family
DCF Models
FCF DCF 31.87 IDR 46.44 IDR 88.66 IDR 38
5Y Revenue Exit 50.52 IDR 90.57 IDR 166.33 IDR 39
5Y EBITDA Exit 112.79 IDR 226.54 IDR 427.75 IDR 41
10Y Revenue Exit 43.45 IDR 87.89 IDR 147.85 IDR 36
10Y EBITDA Exit 89.95 IDR 206.78 IDR 428.02 IDR 37
Multiples
P/S Multiple 50.01 IDR 66.69 IDR 83.36 IDR 58
P/B Multiple 50.01 IDR 66.69 IDR 83.36 IDR 55
EV/EBIT 90.01 IDR 115.87 IDR 141.73 IDR 53
EV/EBITDA 145.28 IDR 189.56 IDR 233.85 IDR 54
EV/Revenue 55.22 IDR 73.55 IDR 91.89 IDR 43
Asset-Based
NCAV (Graham) 47.71 IDR 63.93 IDR 95.41 IDR 50
Growth DCF
Growth DCF 31.07 IDR 50.89 IDR 90.05 IDR 80
Rev-Margin DCF 50.52 IDR 93.44 IDR 157.24 IDR 74
Economic Profit
Residual Income 72.47 IDR 72.38 IDR 66.96 IDR 61

Widest divergence: DCF Models (90.57 IDR) versus Growth DCF (50.89 IDR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 68.7B IDR
Revenue growth (YoY) +31.0%
Net margin 12.6%
Return on equity 3.6%
Free cash flow 3.0B IDR FY2025
Operating margin 5.0%
More key figures
EPS growth (YoY) -64.4%
Net cash 19.1B IDR FY2025

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 41/100

Of which business quality 45 · Market factors (momentum, volatility) 23

Profitability 31
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 58
Earnings quality: real cash, not paper profit
Fin. Strength 69
Balance sheet, leverage, solvency risk
Investment 1
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 12
Price trend over the last 3–12 months (market factor)
52W Momentum 9
Distance to the 52-week high (market factor)
Net Issuance 40
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

PT Dunia Virtual Online Tbk provides datacenter services in Indonesia. It operates in three segments: Colocation Services, Teleport Services, and Others.

Full company description

PT Dunia Virtual Online Tbk provides datacenter services in Indonesia. It operates in three segments: Colocation Services, Teleport Services, and Others. The company offers space for customers to store or entrust its servers; satellite earth station facilities that act as a link between satellites and terrestrial communication networks; and business continuity plan and disaster recovery plan consulting services, and coworking space. PT Dunia Virtual Online Tbk was founded in 2010 and is headquartered in Depok, Indonesia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Dunia Virtual Online Tbk reported revenue of 64.2B IDR in FY2025 versus 29.5B IDR in FY2021, a compound +21.5%/yr. Reported net income was 10.0B IDR in FY2025, compounding +23.4%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
64.2B IDR
Latest YoY
+13.9%
Avg. growth/yr (3Y) 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.
+31.6%
Avg. growth/yr (5Y) 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.
+17.7%
Revenue +21.5%/yr
FY21 29.5B IDR
FY22 28.2B IDR
FY23 43.1B IDR
FY24 56.3B IDR
FY25 64.2B IDR
Net income +23.4%/yr
FY21 4.3B IDR
FY22 2.4B IDR
FY23 3.4B IDR
FY24 7.7B IDR
FY25 10.0B IDR

AREA screens 60% overvalued. Compare with International Business Machines Corporation →

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Cite: Fair Value Calculator (2026). "PT Dunia Virtual Online Tbk Fair Value". https://www.fairvalue-calculator.com/stock/AREA

Peer Group

Information Technology Services · 475 stocks

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.

Quality Score 40 · Bottom 25%
Fair Value upside −60% · Bottom 25%
Return on equity (TTM) 4% · Below median
Return on assets 2% · Below median
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 5% · Below median
Revenue growth 31% · Top 25%
Debt / equity 0.06× · Higher than median

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 21
FUTURE 100 · sector 31
PAST 15 · sector 37
HEALTH 97 · sector 97
DIVIDEND 0 · sector 37

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

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.92 $143.90 -39%
Accenture plc ACNN 2,460 MXN 250.95 MXN -90%
Infosys Limited INFY ₹1,156 ₹1,457 +26%
HCL Technologies Limited HCLTECH ₹1,204 ₹1,230 +2%
Wipro Limited WIPRO ₹178.43 ₹226.81 +27%
Tech Mahindra Limited TECHM ₹1,455 ₹1,086 -25%
Samsung SDS Co 018260 199,300 KRW 196,390 KRW -1%
Persistent Systems Limited PERSISTENT ₹5,059 ₹2,364 -53%
Hyundai Autoever Corporation 307950 393,000 KRW 133,088 KRW -66%
Coforge Limited COFORGE ₹1,541 ₹702.84 -54%

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Frequently asked questions

Is PT Dunia Virtual Online Tbk (AREA) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of 109.84 IDR versus a price of 274.00 IDR, about −60% (overvalued).
What is the fair value of AREA?
Our model-based fair value for PT Dunia Virtual Online Tbk is 109.84 IDR (as of Jul 13, 2026), built from audited fundamentals. The current price is 274.00 IDR.
What is the quality score of AREA?
PT Dunia Virtual Online Tbk has a Quality Score of 41/100. 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 revenue of PT Dunia Virtual Online Tbk (AREA)?
PT Dunia Virtual Online Tbk reported trailing-twelve-month revenue of about 68.7B IDR (latest available figure, as of Jul 13, 2026).
What is the net profit margin of AREA?
The net profit margin of PT Dunia Virtual Online Tbk is about 12.6%, meaning it keeps roughly 12.6% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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