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PT Binakarya Jaya Abadi Tbk (BIKA) Fair Value & Analysis

Real Estate · ID · Market cap 32.6B IDR

PB PT Binakarya Jaya Abadi Tbk BIKA · JK
Price55.00 IDR
Fair Value137.50 IDR
Upside+150.0%
Quality47/100
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Weak Growth
Loss-making · -19.7% net margin
Negative equity (buybacks among others) · generates free cash flow
Mixed vs. peers (5/10)
Narrow moat 35/100
Evidence: Medium Range 27.50 IDR – 309.80 IDR Share as image

Fair value as of: Jun 23, 2026

From 14 valuation models · updated 48 days ago

Below-average quality, screening 150% undervalued on our models.

What matters now

  • The model range is unusually wide (27.50 IDR to 309.80 IDR). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (47/100) at a price below fair value, the discount is the argument here, not the business quality.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

410.00 IDR 30.00 IDR Fair Value 137.50 IDR Feb 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jun 23, 2026.

How to read this chart

60‑month range 30.00 IDR – 410.00 IDR · fair‑value band 27.50 IDR – 309.80 IDR · the 55.00 IDR price screens below the 137.50 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jun 23, 2026.

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Analysis

PT Binakarya Jaya Abadi Tbk (BIKA) currently trades at 55.00 IDR, while our model-based Fair Value estimate is 137.50 IDR, implying the stock looks roughly 150.0% undervalued today. The Quality Score stands at 47/100 (below-average quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, PT Binakarya Jaya Abadi Tbk generated revenue of 249B IDR at a net margin of -19.7%. Revenue declined 27.7% year over year. It earns a return on equity of 94.2%. Net debt stands at 1.3T IDR. Fundamentals as of Jun 23, 2026

Our scenario range runs from 27.50 IDR (bear case) to 309.80 IDR (bull case); at 55.00 IDR, the current price sits within 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 near its 52-week high, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 32% fair-value upside, at 150%, BIKA screens cheaper than that median.

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Key figures & financial health

Revenue (TTM) 249B IDR
Revenue growth (YoY) -27.7%
Net margin -19.7%
Return on equity 94.2%
Free cash flow 24.4B IDR FY2023
P/E ratio 0.5
More key figures
Operating margin -66.3%
EPS (TTM) 106.55 IDR
EPS growth (YoY) +200%
Net debt 1.3T IDR FY2023

Figures from reported company fundamentals · as of Jun 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 42 · Market factors (momentum, volatility) 56

Profitability 7
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 61
Earnings quality: real cash, not paper profit
Fin. Strength 3
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 33
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.

About the company

PT Binakarya Jaya Abadi Tbk develops properties in Indonesia. It offers property products, including apartments, houses, and commercial complexes. The company also owns a factory that produces lightweight bricks. The company was incorporated in 2007 and is based in Jakarta Barat, Indonesia.

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

Revenue & earnings trend

FY2019 – FY2023 · reported fiscal years

PT Binakarya Jaya Abadi Tbk reported revenue of 270B IDR in FY2023 versus 394B IDR in FY2019, a compound −9.0%/yr. Reported net income was −18.8B IDR in FY2023.

Growth Quality 34/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2023)
270B IDR
Latest YoY
−46.5%
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.
−7.9%
Avg. growth/yr (10Y) 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.
−9.7%
Revenue −9.0%/yr
FY19 394B IDR
FY20 135B IDR
FY21 517B IDR
FY22 504B IDR
FY23 270B IDR
Net income
FY19 −25.0B IDR
FY20 −16.3B IDR
FY21 63.1B IDR
FY22 −127B IDR
FY23 −18.8B IDR

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Cite: Fair Value Calculator (2026). "PT Binakarya Jaya Abadi Tbk Fair Value". https://www.fairvalue-calculator.com/stock/BIKA

Peer Group

Real Estate - Development · 588 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 47 · Below median
Fair Value upside +150% · Top 25%
Return on equity (TTM) 94% · Top 25%
Return on assets -0% · Below median
Net margin (TTM) -20% · Bottom 25%
Operating margin (TTM) -66% · Bottom 25%
Revenue growth -28% · Below median

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

P/E (TTM) 0.5× · Cheaper than 75% of peers
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 100 · sector 48
FUTURE 0 · sector 0
PAST 100 · sector 10
HEALTH 100 · sector 84
DIVIDEND 0 · sector 38

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 Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Jun 23, 2026).

Stock Price Fair Value vs Fair Value
DLF Limited DLF ₹657.75 ₹159.49 -76%
Lodha Developers Limited LODHA ₹1,188 ₹583.43 -51%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,125 IDR 1,330 IDR -78%
Oberoi Realty Limited OBEROIRLTY ₹1,925 ₹1,183 -39%
Godrej Properties Limited GODREJPROP ₹2,102 ₹1,044 -50%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 1,674 IDR +55%
PT Bumi Serpong Damai Tbk, BSDE 555.00 IDR 1,388 IDR +150%
PT Sentul City Tbk, BKSL 64.00 IDR 84.16 IDR +32%
PT Ciputra Development Tbk, CTRA 555.00 IDR 1,388 IDR +150%
PT Duta Pertiwi Tbk DUTI 4,100 IDR 6,239 IDR +52%

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Frequently asked questions

Is PT Binakarya Jaya Abadi Tbk (BIKA) overvalued or undervalued?
As of Jun 23, 2026, our model estimates a fair value of 137.50 IDR versus a price of 55.00 IDR, about +150% (undervalued).
What is the fair value of BIKA?
Our model-based fair value for PT Binakarya Jaya Abadi Tbk is 137.50 IDR (as of Jun 23, 2026), built from audited fundamentals. The current price is 55.00 IDR.
What is the quality score of BIKA?
PT Binakarya Jaya Abadi Tbk has a Quality Score of 47/100. 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 Binakarya Jaya Abadi Tbk (BIKA)?
PT Binakarya Jaya Abadi Tbk reported trailing-twelve-month revenue of about 249B IDR (latest available figure, as of Jun 23, 2026).
What is the net profit margin of BIKA?
The net profit margin of PT Binakarya Jaya Abadi Tbk is about -19.7%, meaning it is currently running at a net loss. 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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