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Data-driven stock valuation

Bekasi Asri Pemula Tbk (BAPA) fair value: what the stock is really worth

We calculate from audited financials what Bekasi Asri Pemula Tbk is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.

  1. Compare price with fair valuebelow fair value = cheap, above = expensive
  2. Check the quality50 and up solid, 75 and up strong
  3. Watch it or check another stockalert when fair value or trend changes

Real Estate · ID · Market cap 151B IDR (≈ $15.1M) · ISIN ID1000109002

At a glance

BA Bekasi Asri Pemula Tbk BAPA · JK
Price137.00 IDR
Fair Value14.68 IDR
Upside−89.3%
Quality42/100

Below-average quality, and trading another 833% above our fair value of 14.68 IDR.

As of Sep 7, 2026, the fair value of Bekasi Asri Pemula Tbk is 14.68 IDR per share against a price of 137.00 IDR, so the fair value sits 89% below the price. A model estimate from reported figures, not an analyst target.

!Weak Growth (revenue 5y −15.9 %/yr)
!Loss-making · -145.7% net margin
!Low debt · negative free cash flow
!Trails peers (2/8)
!Narrow moat 10/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range 9.69 IDR to 18.35 IDR

Fair value as of: Sep 7, 2026

From 1 valuation models · updated today

Share price −20.3% over the past month.

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What runs behind every stock

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

What matters now

  • The price sits above even our optimistic bull case (18.35 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.
  • A fairly wide model range (9.69 IDR to 18.35 IDR) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

454.00 IDR 50.00 IDR Fair Value 14.68 IDR Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 7, 2026.

How to read this chart

60‑month range 50.00 IDR – 454.00 IDR · fair‑value band 9.69 IDR – 18.35 IDR · the 137.00 IDR price screens above the 14.68 IDR fair value. Dashed = 300-day average. As of Sep 7, 2026.

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Analysis

Bekasi Asri Pemula Tbk (BAPA) currently trades at 137.00 IDR, while our model-based Fair Value estimate is 14.68 IDR, implying the stock looks roughly 832.8% overvalued today. The Quality Score stands at 42/100 (below-average quality), in the Real Estate sector. How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.

Trailing-twelve-month revenue stands at 3.9B IDR. Revenue declined 61.0% year over year. It earns a return on equity of −4.8%. Net debt stands at 2.1B IDR. Fundamentals as of Sep 7, 2026

Scenario range: 9.69 IDR (bear) to 18.35 IDR (bull), the price of 137.00 IDR sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 45% below its 52-week high and 174% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at −19% fair-value upside, at −89%, BAPA screens richer than that median.

Fair Value models

Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →

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
NCAV (Graham) best evidence 86.99 IDR 116.57 IDR 173.99 IDR 54
All 1 models by family
Asset-Based
NCAV (Graham) best evidence 86.99 IDR 116.57 IDR 173.99 IDR 54

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Key figures & financial health

P/S ratio 40.8 TTM
EPS (TTM) −8.14 IDR
Net margin −138% FY2025
Return on equity −4.8% TTM
Return on assets (EBIT) −2.6% avg 5y
Operating margin −1,621% TTM
More key figures
Growth
Revenue (TTM) 3.9B IDR TTM
Revenue growth (YoY) −61.0% 3y avg +2.6%
EPS growth (YoY) +80.4%
Balance sheet & cash flow
Free cash flow −2.3B IDR FY2025
Net debt 2.1B IDR FY2025

Figures from reported company fundamentals · as of Sep 7, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 39 · Market factors (momentum, volatility) 50

Profitability 1
Margins and returns on capital today
Quality Growth 21
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 67
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 15
Calm price path (market factor)
Momentum 67
Price trend over the last 3–12 months (market factor)
52W Momentum 60
Distance to the 52-week high (market factor)
Net Issuance 82
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

PT Bekasi Asri Pemula Tbk engages in the real estate development business in Indonesia. It manages housing projects located in West Java. PT Bekasi Asri Pemula Tbk was founded in 1993 and is headquartered in Jakarta Barat, Indonesia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Bekasi Asri Pemula Tbk reported revenue of 4.0B IDR in FY2025 versus 6.2B IDR in FY2021, a compound −10.3%/yr. Reported net income was −5.5B IDR in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
4.0B IDR
Latest YoY
−1.4%
Avg. revenue 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.
+2.6%
Avg. revenue 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.
−15.9%
Avg. revenue growth/yr (19Y) 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.
−12.0%
EBIT 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.
−28.7% (2020) → −132.2% (2025)
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue −10.3%/yr
FY21 6.2B IDR
FY22 3.7B IDR
FY23 8.1B IDR
FY24 4.1B IDR
FY25 4.0B IDR
Net income
FY21 −2.1B IDR
FY22 −3.7B IDR
FY23 −2.9B IDR
FY24 −4.6B IDR
FY25 −5.5B IDR

BAPA screens 833% overvalued. Compare with Sun Hung Kai Properties Limited →

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Cite: Fair Value Calculator (2026). "Bekasi Asri Pemula Tbk Fair Value". https://www.fairvalue-calculator.com/stock/BAPA

Peer Group

Real Estate - Development · 569 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.

Valuation
Quality Score 39 · Below median
Fair Value upside −89% · Bottom 25%
Profitability
Return on assets −3% · Bottom 25%
Net margin (TTM) −146% · Bottom 25%
Growth and dividend
Revenue growth −61% · Bottom 25%

Valuation Multiples vs Real Estate - Development median · lower = cheaper

PEG 0.69× · Cheaper than median

Context: sector, industry, market

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 44
FUTURE0 · sector 0
PAST0 · sector 11
HEALTH100 · sector 85
DIVIDEND0 · sector 53

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

Similar stocks

10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Sep 7, 2026).

Stock Price Fair Value vs Fair Value
Sun Hung Kai Properties Limited 80016 HK$109.70 HK$88.93 −19%
China Resources Land Limited 1109 HK$35.24 HK$72.16 +105%
Vinhomes Joint Stock Company VHM 71,700 VND 109,431 VND +53%
CK Asset Holdings 1113 HK$47.34 HK$68.85 +45%
Hongkong Land Holdings H78 $8.20 $1.52 −81%
DLF Limited DLF ₹667.10 ₹170.24 −74%
China Overseas Land & Investment Limited 0688 HK$13.17 HK$23.00 +75%
Macrotech Developers Limited LODHA ₹1,244 ₹583.42 −53%
Sino Land Company 0083 HK$10.33 HK$6.99 −32%
PT Pantai Indah Kapuk Dua Tbk, PANI 5,925 IDR 1,325 IDR −78%

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Frequently asked questions

Is Bekasi Asri Pemula Tbk (BAPA) overvalued or undervalued?
As of Sep 7, 2026, our model estimates a fair value of 14.68 IDR versus a price of 137.00 IDR, about −89% upside (overvalued).
What is the fair value of BAPA?
Our model-based fair value for Bekasi Asri Pemula Tbk is 14.68 IDR (as of Sep 7, 2026), built from audited fundamentals. The current price: 137.00 IDR.
What is the quality score of BAPA?
Bekasi Asri Pemula 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 Bekasi Asri Pemula Tbk (BAPA)?
Our model-based price target is the fair value of 14.68 IDR (as of Sep 7, 2026) from 1 valuation models. Cautious scenario 9.69 IDR, optimistic scenario 18.35 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Bekasi Asri Pemula Tbk stock forecast for 2026?
Our models put fair value at 14.68 IDR, about −89% upside versus a price of 137.00 IDR (overvalued). Cautious scenario 9.69 IDR, optimistic scenario 18.35 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Bekasi Asri Pemula Tbk (BAPA)?
Bekasi Asri Pemula Tbk reported trailing-twelve-month revenue of about 3.9B IDR (latest available figure, as of Sep 7, 2026).
What is the net profit margin of BAPA?
The net profit margin of Bekasi Asri Pemula Tbk is about −145.7%, meaning it is currently running at a net loss. Based on the latest reported figures.
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