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BMSR Fair Value & Analysis

Basic Materials · ID · Market cap 350B IDR

B BMSR BMSR · JK
Price308.00 IDR
Fair Value239.55 IDR
Upside-22.2%
Quality54/100
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Mixed Growth
Thin margins · 2.8% net margin
Low debt · negative free cash flow
Ranks above peers (9/12)
Narrow moat 36/100
Evidence: High Range 182.35 IDR – 299.44 IDR Share as image

Fair value as of: Jul 16, 2026

From 17 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from 684.42 IDR to 239.55 IDR (−65.0%) since Jun 25, 2026. Share price +0.7% over the past month.

A solid business, but screening 22% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (299.44 IDR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

1,180 IDR 77.00 IDR Fair Value 239.55 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 77.00 IDR – 1,180 IDR · fair‑value band 182.35 IDR – 299.44 IDR · the 308.00 IDR price screens above the 239.55 IDR fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

BMSR (BMSR) currently trades at 308.00 IDR, while our model-based Fair Value estimate is 239.55 IDR, implying the stock looks roughly 22.2% overvalued today. The Quality Score stands at 54/100 (solid quality), in the Basic Materials 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: high).

Over the trailing twelve months, BMSR generated revenue of 3.5T IDR at a net margin of 2.8%. Revenue declined 13.5% year over year. It earns a return on equity of 11.8%. Net debt stands at 302B IDR. Fundamentals as of Jul 16, 2026

Our scenario range runs from 182.35 IDR (bear case) to 299.44 IDR (bull case); at 308.00 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 about 20% below its 52-week high and 34% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -46% fair-value upside, at -22%, BMSR screens cheaper 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
Residual Income 638.17 IDR 642.25 IDR 616.77 IDR 76
ROIC Compounder 313.39 IDR 362.05 IDR 405.30 IDR 72
Gordon GGM 1.73 IDR 3.78 IDR 6.36 IDR 70
All 17 models by family
DCF Models
Owner Earnings 798.35 IDR 1,820 IDR 4,061 IDR 31
Earnings-Based
Graham-Dodd 273.77 IDR 1,909 IDR 2,679 IDR 54
Lynch FV 986.37 IDR 1,409 IDR 1,832 IDR 50
PEG = 1.0 986.37 IDR 1,409 IDR 1,832 IDR 46
EPV 313.39 IDR 362.05 IDR 405.30 IDR 59
Dividend Discount
Gordon GGM 1.73 IDR 3.78 IDR 6.36 IDR 70
DDM Multi-Stage 1.73 IDR 3.10 IDR 3.94 IDR 61
Multiples
P/E Multiple 634.10 IDR 845.46 IDR 1,057 IDR 63
P/S Multiple 513.32 IDR 684.42 IDR 855.53 IDR 58
P/B Multiple 513.32 IDR 684.42 IDR 855.53 IDR 55
EV/EBIT 428.28 IDR 558.48 IDR 688.69 IDR 53
EV/EBITDA 402.18 IDR 523.69 IDR 645.20 IDR 54
EV/Revenue 316.45 IDR 435.94 IDR 555.42 IDR 43
Asset-Based
NCAV (Graham) 413.82 IDR 554.52 IDR 827.64 IDR 50
Economic Profit
Residual Income 638.17 IDR 642.25 IDR 616.77 IDR 76
ROIC Compounder 313.39 IDR 362.05 IDR 405.30 IDR 72
Growth Earnings
Growth-Adj P/E 1,290 IDR 1,843 IDR 2,396 IDR 68

Widest divergence: Growth Earnings (1,843 IDR) versus Dividend Discount (3.10 IDR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 3.5T IDR
Revenue growth (YoY) -13.5%
Net margin 2.8%
Return on equity 11.8%
Free cash flow −6.0B IDR FY2025
P/E ratio 3.6
More key figures
Operating margin 3.3%
EPS (TTM) 84.95 IDR
EPS growth (YoY) -9.4%
Net debt 302B IDR FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 51 · Market factors (momentum, volatility) 50

Profitability 40
Margins and returns on capital today
Quality Growth 71
Are margins and returns improving?
Cashflow 15
Earnings quality: real cash, not paper profit
Fin. Strength 56
Balance sheet, leverage, solvency risk
Investment 71
Disciplined investing over empire-building
Low Volatility 56
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 54
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 Bintang Mitra Semestaraya Tbk trades in chemicals, liquid, gas, and solid fuels in Indonesia. It operates through Chemical Goods; and Others segments. The company offers caustic soda liquid and flakes, hydrochloric acid, sodium hypochlorite, sulfuric acid, ethylene dichloride, and polyvinyl chloride.

Full company description

PT Bintang Mitra Semestaraya Tbk trades in chemicals, liquid, gas, and solid fuels in Indonesia. It operates through Chemical Goods; and Others segments. The company offers caustic soda liquid and flakes, hydrochloric acid, sodium hypochlorite, sulfuric acid, ethylene dichloride, and polyvinyl chloride. It is also involved in the exploration and production of oil and gas; mining of nickel; and real estate and property and general trading activities. The company was formerly known as PT Bintang Mahkota Semestaraya and changed its name to PT Bintang Mitra Semestaraya Tbk in May 1991. The company was founded in 1989 and is headquartered in Jakarta, Indonesia. PT Bintang Mitra Semestaraya Tbk is a subsidiary of Chance Stand Finance Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

BMSR reported revenue of 3.6T IDR in FY2025 versus 3.3T IDR in FY2021, a compound +2.3%/yr. Reported net income was 46.7B IDR in FY2025, compounding −28.6%/yr from FY2021.

Growth Quality 33/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
3.6T IDR
Latest YoY
+20.2%
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.
−9.2%
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.
+6.9%
Avg. growth/yr (25Y) 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.
+26.3%
Revenue +2.3%/yr
FY21 3.3T IDR
FY22 4.8T IDR
FY23 3.9T IDR
FY24 3.0T IDR
FY25 3.6T IDR
Net income −28.6%/yr
FY21 179B IDR
FY22 375B IDR
FY23 175B IDR
FY24 9.8B IDR
FY25 46.7B IDR

BMSR screens 22% overvalued. Compare with BASF SE →

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Cite: Fair Value Calculator (2026). "BMSR Fair Value". https://www.fairvalue-calculator.com/stock/BMSR

Peer Group

Chemicals · 333 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 54 · Above median
Fair Value upside −22% · Above median
Return on equity (TTM) 12% · Top 25%
Return on assets 3% · Above median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth -14% · Bottom 25%
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Chemicals median · lower = cheaper

P/E (TTM) 3.6× · Cheaper than 75% of peers
P/B 0.36× · Cheaper than 75% of peers
P/S (TTM) 0.10× · Cheaper than 75% of peers
EV/EBITDA 3.3× · 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 4 · sector 0
FUTURE 0 · sector 20
PAST 47 · sector 19
HEALTH 99 · sector 94
DIVIDEND 0 · sector 27

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 Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
BASF SE BASN 1,034 MXN 532.13 MXN -49%
Ningxia Baofeng Energy Group 600989 ¥20.32 ¥20.17 -1%
Zhejiang Juhua Co 600160 ¥42.85 ¥23.35 -46%
Rongsheng Petrochemical Co 002493 ¥10.95 ¥2.39 -78%
PT Barito Pacific Tbk, BRPT 1,690 IDR 1,628 IDR -4%
LG Chem, Ltd 051910 260,500 KRW 587,755 KRW +126%
Formosa Chemicals & Fibre Corporation 1326 66.10 TWD 6.79 TWD -90%
PTT Global Chemical Public Company PTTGC 35.50 THB 18.21 THB -49%
542812 542812 ₹4,369 ₹791.05 -82%
Indorama Ventures Public Company IVL 24.50 THB 17.95 THB -27%

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Frequently asked questions

Is BMSR overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 239.55 IDR versus a price of 308.00 IDR, about −22% (overvalued).
What is the fair value of BMSR?
Our model-based fair value for BMSR is 239.55 IDR (as of Jul 16, 2026), built from audited fundamentals. The current price is 308.00 IDR.
What is the quality score of BMSR?
BMSR has a Quality Score of 54/100. 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 BMSR?
BMSR reported trailing-twelve-month revenue of about 3.5T IDR (latest available figure, as of Jul 16, 2026).
What is the net profit margin of BMSR?
The net profit margin of BMSR is about 2.8%, meaning it keeps roughly 2.8% of revenue as net income. 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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