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PT Bukit Darmo Property Tbk (BKDP) Fair Value & Analysis

Real Estate · ID · Market cap 1.1T IDR

PB PT Bukit Darmo Property Tbk BKDP · JK
Price169.00 IDR
Fair Value27.56 IDR
Upside-83.7%
Quality40/100
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Expensive Growth
Loss-making · -97.4% net margin
Moderate debt · negative free cash flow
Trails peers (1/8)
Narrow moat 8/100
Evidence: Low Range 20.56 IDR – 41.13 IDR Share as image

Fair value as of: Jul 19, 2026

From 1 valuation models · updated 22 days ago

Share price +35.2% over the past month.

Below-average quality, and screening another 84% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (41.13 IDR). The favourable scenario is already priced in.
  • Weak quality (40/100) 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 (20.56 IDR to 41.13 IDR) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

169.00 IDR 27.00 IDR Fair Value 27.56 IDR Feb 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range 27.00 IDR – 169.00 IDR · fair‑value band 20.56 IDR – 41.13 IDR · the 169.00 IDR price screens above the 27.56 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

Full chart & analysis →

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Analysis

PT Bukit Darmo Property Tbk (BKDP) currently trades at 169.00 IDR, while our model-based Fair Value estimate is 27.56 IDR, implying the stock looks roughly 83.7% overvalued today. The Quality Score stands at 40/100 (below-average quality), in the Real Estate 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: low).

Over the trailing twelve months, PT Bukit Darmo Property Tbk generated revenue of 37.3B IDR at a net margin of -97.4%. Revenue grew 7.9% year over year. It earns a return on equity of -11.4%. The balance sheet holds a net cash position of 3.3B IDR. Fundamentals as of Jul 19, 2026

Our scenario range runs from 20.56 IDR (bear case) to 41.13 IDR (bull case); at 169.00 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 near its 52-week high, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -13% fair-value upside, at -84%, BKDP 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
NCAV (Graham) 20.56 IDR 27.56 IDR 41.13 IDR 50
All 1 models by family
Asset-Based
NCAV (Graham) 20.56 IDR 27.56 IDR 41.13 IDR 50

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Key figures & financial health

Revenue (TTM) 37.3B IDR
Revenue growth (YoY) +7.9%
Net margin -97.4%
Return on equity -11.4%
Free cash flow −25.6B IDR FY2025
Operating margin -87.3%
More key figures
EPS (TTM) -4.83 IDR
Net cash 3.3B IDR FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 40/100

Of which business quality 39 · Market factors (momentum, volatility) 78

Profitability 0
Margins and returns on capital today
Quality Growth 58
Are margins and returns improving?
Cashflow 5
Earnings quality: real cash, not paper profit
Fin. Strength 38
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 26
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 99
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 Bukit Darmo Property Tbk engages in the construction, development, trade, and investment activities in Indonesia. It operates through Real Estate, Shopping Mall, Construction, and Marketing Services segments.

Full company description

PT Bukit Darmo Property Tbk engages in the construction, development, trade, and investment activities in Indonesia. It operates through Real Estate, Shopping Mall, Construction, and Marketing Services segments. The company constructs and develops housing, apartments, offices, shops, recreational parks, and related facilities; and establishes and runs service bureaus for various activities, such as promotion, management, marketing, land selling, and purchase of buildings, apartments, offices, shops, and restaurants. It also designs, constructs, and maintains housing properties, hotels, apartments, offices, shops, and recreational parks, including restaurants, and associated facilities. The company was formerly known as PT Adhibaladika and changed its name to PT Bukit Darmo Property Tbk in April 2007. PT Bukit Darmo Property Tbk was founded in 1989 and is headquartered in Jakarta, Indonesia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Bukit Darmo Property Tbk reported revenue of 36.8B IDR in FY2025 versus 23.4B IDR in FY2021, a compound +12.0%/yr. Reported net income was −35.6B IDR in FY2025.

Growth Quality 43/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
36.8B IDR
Latest YoY
+20.4%
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.
+12.2%
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.
+13.5%
Avg. 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.
+14.7%
Revenue +12.0%/yr
FY21 23.4B IDR
FY22 26.0B IDR
FY23 31.2B IDR
FY24 30.5B IDR
FY25 36.8B IDR
Net income
FY21 −36.3B IDR
FY22 −33.0B IDR
FY23 −34.6B IDR
FY24 −35.9B IDR
FY25 −35.6B IDR

BKDP screens 84% overvalued. Compare with Vingroup Joint Stock Company →

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Cite: Fair Value Calculator (2026). "PT Bukit Darmo Property Tbk Fair Value". https://www.fairvalue-calculator.com/stock/BKDP

Peer Group

Real Estate Services · 520 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 39 · Bottom 25%
Fair Value upside −84% · Bottom 25%
Return on assets -3% · Bottom 25%
Net margin (TTM) -97% · Bottom 25%
Operating margin (TTM) -87% · Bottom 25%
Revenue growth 8% · Above median
Debt / equity 0.93× · Higher 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 37
FUTURE 40 · sector 10
PAST 0 · sector 16
HEALTH 54 · sector 85
DIVIDEND 0 · sector 49

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 Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Vingroup Joint Stock Company VIC 223,000 VND 25,731 VND -88%
KE Holdings 2423 HK$44.76 HK$18.03 -60%
Swire Properties Limited 1972 HK$23.90 HK$18.75 -22%
China Resources Mixc Lifestyle Services Limited 1209 HK$39.92 HK$34.92 -13%
Plaza S.A MALLPLAZA 3,725 CLP 5,571 CLP +50%
SAGAA SAGAA kr 170.00 kr 75.55 -56%
Cencosud Shopping S.A CENCOMALLS 2,324 CLP 2,976 CLP +28%
WHA Corporation WHAR 5.45 THB 4.14 THB -24%
PT Sarana Menara Nusantara Tbk. owns and TOWR 372.00 IDR 1,208 IDR +225%
PT Metropolitan Kentjana Tbk MKPI 20,975 IDR 19,160 IDR -9%

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Frequently asked questions

Is PT Bukit Darmo Property Tbk (BKDP) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 27.56 IDR versus a price of 169.00 IDR, about −84% (overvalued).
What is the fair value of BKDP?
Our model-based fair value for PT Bukit Darmo Property Tbk is 27.56 IDR (as of Jul 19, 2026), built from audited fundamentals. The current price is 169.00 IDR.
What is the quality score of BKDP?
PT Bukit Darmo Property Tbk has a Quality Score of 40/100. 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 Bukit Darmo Property Tbk (BKDP)?
PT Bukit Darmo Property Tbk reported trailing-twelve-month revenue of about 37.3B IDR (latest available figure, as of Jul 19, 2026).
What is the net profit margin of BKDP?
The net profit margin of PT Bukit Darmo Property Tbk is about -97.4%, 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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