Sentul City Tbk (BKSL) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Sentul City Tbk stock IDR 93, price IDR 37, upside +150.0%, quality 65 out of 100. Rating: strongly undervalued. Calculated from audited financials with 14 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 29.00 IDR – 183.00 IDR · fair‑value band 67.93 IDR – 147.76 IDR · the 37.00 IDR price screens below the 92.50 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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PT Sentul City Tbk, together with its subsidiaries, engages in the construction, real estate, and services businesses in Indonesia. It operates through two segments: Real Estate and Other.
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The company engages in the construction of residential building, office, shop, education, hotel, amusement park, and sport buildings; and houses of worship, terminal/stations, airports, warehouses, and monumental buildings, as well as renovation of other buildings.
It is also involved in buying, selling, leasing, and operating apartment, residential, and non-residential buildings, such as exhibitions, private storage facilities, malls, shopping centers, and others; real estate agents and brokers, intermediaries for buying, selling and renting real estate based on service or contract services.
In addition, the company engages in water management, town management, and apartment management services; operation of restaurants and tourism; and provision of retail, parking, and industrial estates, including land concession services.
PT Sentul City Tbk was incorporated in 1993 and is headquartered in Jakarta, Indonesia. PT Sentul City Tbk operates as a subsidiary of PT Sakti Generasi Perdana.
Stock analysis
Sentul City Tbk (BKSL) currently trades at 37.00 IDR, while our model-based Fair Value estimate is 92.50 IDR, implying the stock looks roughly 60% undervalued today.
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Valuation
How firm this estimate is: it rests on 14 models at a data quality of 91/100, which puts the data coverage at low.
Scenario range: 67.93 IDR (bear) to 147.76 IDR (bull), the price of 37.00 IDR sits below 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 65/100 (solid quality), in the Real Estate sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Sentul City Tbk reported revenue of 2.8T IDR in FY2025 versus 911B IDR in FY2021, a compound +32.3%/yr. Reported net income was 830B IDR in FY2025, compounding +33.5%/yr from FY2021.
Key figures
Market cap 7.2T IDR (≈ $398M) Small · P/E ratio 8.0 · P/S ratio 2.39 · EPS (TTM) 5.40 IDR · Net margin 30.0% · Return on equity 5.8% · Return on assets (EBIT) 2.3% (5-year average) · Operating margin 34.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 65 out of 100 (low confidence).
What moves the price
The share trades about 80% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 5% fair-value upside, at 150%, BKSL screens cheaper than that median.
Fair Value models
Bear67.93 IDRFair Value 92.50 IDRBull147.76 IDR
Price 37.00 IDR · Upside +150.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
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 (4.62 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.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+275.5%
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.
+60.8%
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.
+44.0%
Start year 2020 (pandemic). Over 10 years: +16.3% a year
Revenue growth 24 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.
+10.2%
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What shareholders gained per year (last 5 years), in IDR (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in IDR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ −9.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ −9.9%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.14.5% vs 11.7%, steady
Profit margin 2020 to 2025 ⓘ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.0% → 38%
2025 sits 330% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
⚠ Revenue per share shrinking 6.3%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 2.51 per share, median 7.25 in 2015 to 2018). It measures the recovery from the trough, not lasting growth.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+8.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Indonesia: IMF forecast 2.6% a year to 2030, 2.9% from 2016 to 2025) that is about +5.4% a year for the price.
AI conclusion: Sentul City draws strength from solid revenue growth via land sales and recurring hotel income yet remains limited by thin evidence of a durable moat and low capital efficiency shown in its ROE.
Main risk: Potential reliance on one-off land and residential sales rather than recurring streams could undermine sustained profit growth in the development operations.
Sentul City has reported solid revenue growth of nearly 50 percent and even stronger profit gains in the first nine months of 2026, driven by land and residential sales plus recurring income from hotels and entertainment. Our models view the shares as undervalued after the steep decline from the 52-week high. Does the recent performance signal a lasting recovery in the development business, or does it mainly reflect one-off transactions that may not repeat?
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.Real Estate - Development · 490 stocks
Beats the industry median on 11/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside+150.0% · Top 25%
Profitability
Return on equity (12 months)5.8% · Above median
Return on assets3.9% · Above median
Net margin (12 months)30.0% · Top 25%
Operating margin (12 months)34.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)87.3% · Top 25%
Balance sheet
Debt / equity0.04× · Lowest 25%
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
P/E (12 months)8.0× · Cheaper than median
P/B0.47× · Cheaper than median
P/S (12 months)2.39× · Pricier than median
Price / free cash flow (fiscal year)11.8× · Pricier than median
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Cite: Fair Value Calculator (2026). "Sentul City Tbk Fair Value". https://www.fairvalue-calculator.com/stock/BKSL
Frequently asked questions
Is Sentul City Tbk (BKSL) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 92.50 IDR versus a price of 37.00 IDR, about +150% upside (undervalued).
What is the fair value of BKSL?
Our model-based fair value for Sentul City Tbk is 92.50 IDR (as of Nov 7, 2026), built from audited fundamentals. The current price: 37.00 IDR.
What is the quality score of BKSL?
Sentul City Tbk has a Quality Score of 65/100. 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 Sentul City Tbk (BKSL)?
Our model-based price target is the fair value of 92.50 IDR (as of Nov 7, 2026) from 14 valuation models. Cautious scenario 67.93 IDR, optimistic scenario 147.76 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Sentul City Tbk stock forecast for 2026?
Our models put fair value at 92.50 IDR, about +150% upside versus a price of 37.00 IDR (undervalued). Cautious scenario 67.93 IDR, optimistic scenario 147.76 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Sentul City Tbk (BKSL)?
Sentul City Tbk reported trailing-twelve-month revenue of about 3.0T IDR (latest available figure, as of Nov 7, 2026).
What growth is priced into Sentul City Tbk (BKSL)?
For today's price to be fair in a discounted-cash-flow model, Sentul City Tbk would have to grow free cash flow by +8.2 % per year for five years (discount rate 13.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +44.0 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of BKSL use?
Our models discount Sentul City Tbk at 13.5 %: a base by market capitalisation (small), country premium for Indonesia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Sentul City Tbk that is +8.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.5 %) and the same formula as our fair value.
How much growth has Sentul City Tbk (BKSL) delivered so far?
Over the past 5 years revenue at Sentul City Tbk grew +44.0 % a year. The price currently implies free-cash-flow growth of +8.2 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Sentul City Tbk (BKSL) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Sentul City Tbk (+8.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Sentul City Tbk (BKSL)?
The free-cash-flow yield on the price is 9.88 %: that much free cash flow Sentul City Tbk produces per unit of market value. When it exceeds the discount rate of our models (13.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Sentul City Tbk (BKSL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sentul City Tbk it is 92.50 IDR per share (as of Nov 7, 2026), against a price of 37.00 IDR. It is the blended result of 14 valuation models in 5 families (DCF Models, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Sentul City Tbk stock overvalued or undervalued in 2026?
As of Nov 7, 2026, BKSL trades below its calculated fair value: price 37.00 IDR, fair value 92.50 IDR, a gap of about +150% (undervalued). 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 BKSL?
No. The price is what the market pays today (37.00 IDR); the fair value is what the company's own numbers justify (92.50 IDR). For Sentul City Tbk the two are 55.50 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Sentul City Tbk worth?
The market values Sentul City Tbk at about 7.2T IDR (market capitalisation, as of Nov 7, 2026). Per share that is 37.00 IDR; our models calculate a fair value of 92.50 IDR per share.
What do the bullish and bearish scenarios say about BKSL?
Our models span a range for Sentul City Tbk: cautious scenario 67.93 IDR, base 92.50 IDR, optimistic 147.76 IDR per share (as of Nov 7, 2026, price 37.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BKSL?
Sentul City Tbk trades at a price-to-earnings ratio of 8.0 (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 92.50 IDR is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2016 to 2025), reported earnings: 18.7. Other multiples: P/B 0.5, P/S 2.4, EV/EBITDA 5.9.
How solid is the balance sheet of Sentul City Tbk (BKSL)?
Balance-sheet figures for Sentul City Tbk (as of Nov 7, 2026): return on equity 5.8%, debt of 0.04 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is BKSL from its 52-week high?
Sentul City Tbk trades at 37.00 IDR, about 80% below its 52-week high of 183.00 IDR and 3% above the low of 36.00 IDR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 92.50 IDR is for.
Which stocks are comparable to Sentul City Tbk?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, CK Asset Holdings, DLF Limited, Hongkong Land Holdings, 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 Sentul City Tbk stock attractive at the current price?
The data as of Nov 7, 2026: price 37.00 IDR, calculated fair value 92.50 IDR (+150%), Quality Score 65/100, from 14 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 BKSL calculated?
We run Sentul City Tbk through 14 models from 5 families: DCF Models, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 92.50 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 13.0% above its aggregate fair value. Sentul City Tbk currently trades 60% below its own fair value, and the market average says nothing about that. 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 Sentul City Tbk (BKSL)?
The closing price on Nov 6, 2026 was 37.00 IDR. Our model-based fair value is 92.50 IDR, about +150% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sentul City Tbk right now?
The price is below even our cautious bear case (67.93 IDR). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (65/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (67.93 IDR to 147.76 IDR) leaves room in how you read the outcome.
Where does the earnings growth of Sentul City Tbk (BKSL) come from?
Earnings per share at Sentul City Tbk grew −13.8 % a year from 2014 to 2025. Broken into its drivers: revenue per share −10.5 %, EBIT margin +12.8 %, tax rate +6.4 %, residual (interest, one-offs) −19.7 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Sentul City Tbk
How large is the market capitalisation of Sentul City Tbk (BKSL)?
The market capitalisation of Sentul City Tbk is 7.2T IDR (≈ $398M). 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 Sentul City Tbk (BKSL)?
The price-to-sales ratio of Sentul City Tbk is 2.39 (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 Sentul City Tbk (BKSL)?
Earnings per share at Sentul City Tbk are 5.40 IDR (price ÷ EPS = P/E 8.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Sentul City Tbk (BKSL)?
The net margin of Sentul City Tbk is 30.0% (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 Sentul City Tbk (BKSL)?
The return on equity (ROE) of Sentul City Tbk is 5.8% (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 Sentul City Tbk (BKSL)?
On an EBIT basis the return on assets of Sentul City Tbk is 2.3% (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 Sentul City Tbk (BKSL)?
The operating margin of Sentul City Tbk is 34.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sentul City Tbk (BKSL)?
Revenue at Sentul City Tbk is growing +87.3% versus a year earlier (3y avg +60.8%). 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 Sentul City Tbk (BKSL)?
Earnings per share at Sentul City Tbk are growing +311% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Sentul City Tbk (BKSL) carry?
The net debt of Sentul City Tbk is 1.1T IDR (fiscal year 2025, ≈ 1.9 yrs of FCF). 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