Saranacentral Bajatama Tbk (BAJA) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Saranacentral Bajatama Tbk stock IDR 28, price IDR 184, that is 84.7% below the price, quality 45 out of 100. Rating: strongly overvalued. Calculated from audited financials with 4 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 71.00 IDR – 436.00 IDR · fair‑value band 25.31 IDR – 30.71 IDR · the 184.00 IDR price screens above the 28.20 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.
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PT Saranacentral Bajatama Tbk engages in manufacturing and trading of steel products in Indonesia. The company operates through four segments: Galvanized, Saranalume, Saranacolor, and Non-production. It markets its products under the Sarana, Saranalume, and Saranacolor brand names.
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The company was founded in 1993 and is headquartered in Jakarta Pusat, Indonesia.
Stock analysis
Saranacentral Bajatama Tbk (BAJA) currently trades at 184.00 IDR, while our model-based Fair Value estimate is 28.20 IDR, 85% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of 28.20 IDR per share, and 0 of the 3 models we run sit above the 184.00 IDR price.
Bear case: the Asset-Based group reads lowest at 5.28 IDR, and 3 of the 3 models stay below the price. Data coverage for this calculation is low.
Scenario range: 25.31 IDR (bear) to 30.71 IDR (bull), the price of 184.00 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 45/100 (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.
Saranacentral Bajatama Tbk reported revenue of 824B IDR in FY2025 versus 1.4T IDR in FY2021, a compound −12.0%/yr. Reported net income was −36.4B IDR in FY2025.
Key figures
Market cap 494B IDR (≈ $27.4M) Micro · P/E ratio 248.6 · P/S ratio 0.44 · EPS (TTM) 0.7400 IDR · Net margin 0.1% · Return on equity 3.5% · Return on assets (EBIT) 2.7% (5-year average) · Operating margin 11.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 27 out of 100 (low confidence).
What moves the price
The share trades about 58% below its 52-week high and 57% 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 −85%, BAJA screens richer than that median.
Fair Value models
Bear25.31 IDRFair Value 28.20 IDRBull30.71 IDR
Price 184.00 IDR · Downside -84.7%
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 (0.6346 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.20/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+4.6%
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.
−8.1%
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.
−7.3%
Start year 2020 (pandemic). Over 10 years: −4.1% 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.
+1.2%
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Profit margin (trend) ⓘ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.
6.7% (2020) → 1.0% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Compare Saranacentral Bajatama Tbk with another stock
Price, fair value, quality and upside side by side.
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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 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside−84.7% · Bottom 25%
Profitability
Return on equity (12 months)3.5% · Below median
Return on assets−5.3% · Bottom 25%
Net margin (12 months)0.1% · Below median
Operating margin (12 months)11.0% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)138.4% · Top 25%
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Steel median · lower = cheaper
P/E (12 months)248.6× · Priciest 25%
P/B23.19× · Priciest 25%
P/S (12 months)0.44× · Cheaper than median
EV/EBITDA6.1× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 22
FUTURE (revenue growth)100· sector 38
PAST (return on equity)14· sector 19
HEALTH (low debt)99· sector 95
DIVIDEND (yield)0· 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 Saranacentral Bajatama Tbk (BAJA) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 28.20 IDR versus a price of 184.00 IDR, about 85% lower (overvalued).
What is the fair value of BAJA?
Our model-based fair value for Saranacentral Bajatama Tbk is 28.20 IDR (as of Nov 7, 2026), built from audited fundamentals. The current price: 184.00 IDR.
What is the quality score of BAJA?
Saranacentral Bajatama Tbk has a Quality Score of 45/100. 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 Saranacentral Bajatama Tbk (BAJA)?
Our model-based price target is the fair value of 28.20 IDR (as of Nov 7, 2026) from 4 valuation models. Cautious scenario 25.31 IDR, optimistic scenario 30.71 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Saranacentral Bajatama Tbk stock forecast for 2026?
Our models put fair value at 28.20 IDR, about 85% lower versus a price of 184.00 IDR (overvalued). Cautious scenario 25.31 IDR, optimistic scenario 30.71 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Saranacentral Bajatama Tbk (BAJA)?
Saranacentral Bajatama Tbk reported trailing-twelve-month revenue of about 1.1T IDR (latest available figure, as of Nov 7, 2026).
What is the intrinsic value of Saranacentral Bajatama Tbk (BAJA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Saranacentral Bajatama Tbk it is 28.20 IDR per share (as of Nov 7, 2026), against a price of 184.00 IDR. It is the blended result of 4 valuation models in 4 families (Earnings-Based, Multiples, Asset-Based, Economic Profit).
Is Saranacentral Bajatama Tbk stock overvalued or undervalued in 2026?
As of Nov 7, 2026, BAJA trades above its calculated fair value: price 184.00 IDR, fair value 28.20 IDR, a gap of about −85% (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 BAJA?
No. The price is what the market pays today (184.00 IDR); the fair value is what the company's own numbers justify (28.20 IDR). For Saranacentral Bajatama Tbk the two are 155.80 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Saranacentral Bajatama Tbk worth?
The market values Saranacentral Bajatama Tbk at about 494B IDR (market capitalisation, as of Nov 7, 2026). Per share that is 184.00 IDR; our models calculate a fair value of 28.20 IDR per share.
What do the bullish and bearish scenarios say about BAJA?
Our models span a range for Saranacentral Bajatama Tbk: cautious scenario 25.31 IDR, base 28.20 IDR, optimistic 30.71 IDR per share (as of Nov 7, 2026, price 184.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BAJA?
Saranacentral Bajatama Tbk trades at a price-to-earnings ratio of 248.6 (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 28.20 IDR is built from several models across several years. Other multiples: P/B 23.2, P/S 0.4, EV/EBITDA 6.1.
How solid is the balance sheet of Saranacentral Bajatama Tbk (BAJA)?
Balance-sheet figures for Saranacentral Bajatama Tbk (as of Nov 7, 2026): return on equity 3.5%, debt of 0.03 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is BAJA from its 52-week high?
Saranacentral Bajatama Tbk trades at 184.00 IDR, about 58% below its 52-week high of 436.00 IDR and 57% above the low of 117.00 IDR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 28.20 IDR is for.
Which stocks are comparable to Saranacentral Bajatama 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 Saranacentral Bajatama Tbk stock attractive at the current price?
The data as of Nov 7, 2026: price 184.00 IDR, calculated fair value 28.20 IDR (−85%), Quality Score 45/100, from 4 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 BAJA calculated?
We run Saranacentral Bajatama Tbk through 4 models from 4 families: Earnings-Based, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 28.20 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. Saranacentral Bajatama 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 Saranacentral Bajatama Tbk (BAJA)?
The closing price on Nov 6, 2026 was 184.00 IDR. Our model-based fair value is 28.20 IDR, about 85% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Saranacentral Bajatama Tbk right now?
The price sits above even our optimistic bull case (30.71 IDR). The favourable scenario is already priced in. Weak quality (45/100) 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.
Key figures of Saranacentral Bajatama Tbk
How large is the market capitalisation of Saranacentral Bajatama Tbk (BAJA)?
The market capitalisation of Saranacentral Bajatama Tbk is 494B IDR (≈ $27.4M). 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 Saranacentral Bajatama Tbk (BAJA)?
The price-to-sales ratio of Saranacentral Bajatama Tbk is 0.44 (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 Saranacentral Bajatama Tbk (BAJA)?
Earnings per share at Saranacentral Bajatama Tbk are 0.7400 IDR (price ÷ EPS = P/E 248.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Saranacentral Bajatama Tbk (BAJA)?
The net margin of Saranacentral Bajatama Tbk is 0.1% (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 Saranacentral Bajatama Tbk (BAJA)?
The return on equity (ROE) of Saranacentral Bajatama Tbk is 3.5% (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 Saranacentral Bajatama Tbk (BAJA)?
On an EBIT basis the return on assets of Saranacentral Bajatama Tbk is 2.7% (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 Saranacentral Bajatama Tbk (BAJA)?
The operating margin of Saranacentral Bajatama Tbk is 11.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Saranacentral Bajatama Tbk (BAJA)?
Revenue at Saranacentral Bajatama Tbk is growing +138% versus a year earlier (3y avg −8.1%). 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 Saranacentral Bajatama Tbk (BAJA)?
Earnings per share at Saranacentral Bajatama Tbk are growing +890% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Saranacentral Bajatama Tbk (BAJA) generate?
The free cash flow of Saranacentral Bajatama Tbk is −49.6B 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 Saranacentral Bajatama Tbk (BAJA) carry?
The net debt of Saranacentral Bajatama Tbk is 395B 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 7, 2026