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PT Sepeda Bersama Indonesia Tbk (BIKE) Fair Value & Analysis

Consumer Cyclical · ID · Market cap 660B IDR

PS PT Sepeda Bersama Indonesia Tbk BIKE · JK
Price510.00 IDR
Fair Value261.84 IDR
Upside-48.7%
Quality95/100
Evidence: Medium Range 196.38 IDR – 327.31 IDR

Fair value as of: Jun 24, 2026

From 8 valuation models · updated 5 days ago

Fair value updated Jun 24, 2026 — revised from 365.23 IDR to 261.84 IDR (−28.3%) since Jun 23, 2026.

Price vs Fair Value (12 months)

1,065 IDR 366.00 IDR Fair Value 261.84 IDR Jun 2025 Jun 2026

12‑month range 366.00 IDR – 1,065 IDR · fair‑value band 196.38 IDR – 327.31 IDR · the 510.00 IDR price screens above the 261.84 IDR fair value. As of Jun 24, 2026.

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Analysis

PT Sepeda Bersama Indonesia Tbk (BIKE) currently trades at 510.00 IDR, while our model-based Fair Value estimate is 261.84 IDR — implying the stock looks roughly 48.7% overvalued today. We read business quality at 95/100 (high quality), in the Consumer Cyclical 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: medium).

Over the trailing twelve months, PT Sepeda Bersama Indonesia Tbk generated revenue of 348B IDR at a net margin of -7.0%. Revenue declined 27.3% year over year. It earns a return on equity of -22.9%. Net debt stands at 9.2B IDR. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 348B IDR
Revenue growth (YoY) -27.3%
Net margin -7.0%
Return on equity -22.9%
Free cash flow 14.9B IDR FY2025
P/E ratio 19.6
More key figures
Operating margin -49.1%
EPS (TTM) 26.06 IDR
EPS growth (YoY) +732%
Net debt 9.2B IDR FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

PT Sepeda Bersama Indonesia Tbk engages in the trading of bicycles, electric motorcycle, baby stroller, and others in Indonesia. The company is involved in wholesale of sports equipment, land transportation equipment, and spare parts and equipment. It holds Genio Bike brand; distributes United Bike and Avand brand bicycles; and distributes electric motorcycle products under United E-Motor and United Motor brands. PT Sepeda Bersama Indonesia Tbk was founded in 2017 and is headquartered in South Tangerang, Indonesia.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Sepeda Bersama Indonesia Tbk reported revenue of 348B IDR in FY2025 versus 179B IDR in FY2021, a compound +18.2%/yr. Reported net income was −24.4B IDR in FY2025.

Revenue +18.2%/yr
FY21 179B IDR
FY22 226B IDR
FY23 430B IDR
FY24 386B IDR
FY25 348B IDR
Net income
FY21 24.7B IDR
FY22 21.2B IDR
FY23 19.3B IDR
FY24 12.6B IDR
FY25 −24.4B IDR

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6 more Leisure stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

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Oriental Land Co OLCLF $15.65 $9.28 -41%
Pop Mart International Group PMRTY $20.47 $13.71 -33%
ANTA Sports Products Limited ANPDF $9.59 $8.98 -6%
Amer Sports, Inc AS $33.76 $19.60 -42%
BANDAI NAMCO Holdings NCBDY $11.23 $15.86 +41%
Hasbro, Inc HAS $83.88 $69.36 -17%

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Frequently asked questions

Is PT Sepeda Bersama Indonesia Tbk (BIKE) undervalued?
As of Jun 24, 2026, our model estimates a fair value of 261.84 IDR versus a price of 510.00 IDR — about −49% (overvalued). Model-based estimate, not financial advice.
What is the fair value of BIKE?
Our 21-model fair value for PT Sepeda Bersama Indonesia Tbk is 261.84 IDR (as of Jun 24, 2026), built from audited fundamentals. The current price is 510.00 IDR.
What is the quality score of BIKE?
PT Sepeda Bersama Indonesia Tbk has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of PT Sepeda Bersama Indonesia Tbk (BIKE)?
PT Sepeda Bersama Indonesia Tbk reported trailing-twelve-month revenue of about 348B IDR (latest available figure, as of Jun 24, 2026).
What is the net profit margin of BIKE?
The net profit margin of PT Sepeda Bersama Indonesia Tbk is about -7.0%, 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.