EN DE

PT Bumi Serpong Damai Tbk, (BSDE) Fair Value & Analysis

Real Estate · ID · Market cap 11.6T IDR

PB PT Bumi Serpong Damai Tbk, BSDE · JK
Price600.00 IDR
Fair Value1,388 IDR
Upside+131.3%
Quality44/100
Watch PT Bumi Serpong Damai Tbk, for free, get notified when fair value or trend changes. Watch for free
Expensive Growth
Highly profitable · 20.2% net margin
Low debt · negative free cash flow
Ranks above peers (8/12)
Moderate moat 58/100
Evidence: Medium Range 1,041 IDR – 1,734 IDR Share as image

Fair value as of: Jul 11, 2026

From 9 valuation models · updated 29 days ago

Fair value updated Jul 11, 2026, revised from 1,425 IDR to 1,388 IDR (−2.6%) since Jun 26, 2026. Share price +9.1% over the past month.

Below-average quality, screening 131% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (44/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (1,041 IDR). The market is more pessimistic than our downside scenario.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

1,340 IDR 540.00 IDR Fair Value 1,388 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.

How to read this chart

60‑month range 540.00 IDR – 1,340 IDR · fair‑value band 1,041 IDR – 1,734 IDR · the 600.00 IDR price screens below the 1,388 IDR fair value. Dashed = 300-day average. As of Jul 11, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

PT Bumi Serpong Damai Tbk, (BSDE) currently trades at 600.00 IDR, while our model-based Fair Value estimate is 1,388 IDR, implying the stock looks roughly 131.3% undervalued today. The Quality Score stands at 44/100 (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 Bumi Serpong Damai Tbk, generated revenue of 12.8T IDR at a net margin of 19.9%. Revenue grew 7.9% year over year. It earns a return on equity of 5.7%. Net debt stands at 5.7T IDR. Fundamentals as of Jul 11, 2026

Our scenario range runs from 1,041 IDR (bear case) to 1,734 IDR (bull case); at 600.00 IDR, the current price sits below 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 50% below its 52-week high and 15% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 30% fair-value upside, at 131%, BSDE 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 BearBaseBull Evidence
Highest evidence
Residual Income 1,660 IDR 1,708 IDR 1,741 IDR 76
Gordon GGM 50.65 IDR 110.57 IDR 186.04 IDR 70
DDM Multi-Stage 50.65 IDR 90.57 IDR 115.23 IDR 61
All 9 models by family
Dividend Discount
Gordon GGM 50.65 IDR 110.57 IDR 186.04 IDR 70
DDM Multi-Stage 50.65 IDR 90.57 IDR 115.23 IDR 61
Multiples
P/S Multiple 1,552 IDR 2,069 IDR 2,586 IDR 58
P/B Multiple 1,552 IDR 2,069 IDR 2,586 IDR 55
EV/EBIT 2,508 IDR 3,404 IDR 4,300 IDR 53
EV/EBITDA 2,393 IDR 3,251 IDR 4,109 IDR 54
EV/Revenue 1,302 IDR 1,938 IDR 2,573 IDR 43
Asset-Based
NCAV (Graham) 1,048 IDR 1,404 IDR 2,095 IDR 50
Economic Profit
Residual Income 1,660 IDR 1,708 IDR 1,741 IDR 76

Widest divergence: Multiples (2,069 IDR) versus Dividend Discount (90.57 IDR). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 12.8T IDR
Revenue growth (YoY) +7.9%
Net margin 19.9%
Return on equity 5.7%
Free cash flow −1.4T IDR FY2025
P/E ratio 4.6
More key figures
Operating margin 36.5%
EPS (TTM) 120.38 IDR
EPS growth (YoY) -28.7%
Net debt 5.7T IDR FY2025

Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 40 · Market factors (momentum, volatility) 26

Profitability 34
Margins and returns on capital today
Quality Growth 21
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 56
Balance sheet, leverage, solvency risk
Investment 73
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 8
Price trend over the last 3–12 months (market factor)
52W Momentum 8
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 Bumi Serpong Damai Tbk, together with its subsidiaries, engages in the real estate development activities in Indonesia. It operates through Real Estate, Property, Hotel, Toll Road, and Others segments. The company is developing the BSD City, a planned and integrated residential area with amenities/infrastructure, environmental facilities, and parks.

Full company description

PT Bumi Serpong Damai Tbk, together with its subsidiaries, engages in the real estate development activities in Indonesia. It operates through Real Estate, Property, Hotel, Toll Road, and Others segments. The company is developing the BSD City, a planned and integrated residential area with amenities/infrastructure, environmental facilities, and parks. It is also involved in the hotel operations; leasing of office space; concession of toll road projects; and investment and transportation activities. In addition, the company develops apartments and shopping centers; and provision of other financial services. The company was founded in 1984 and is based in Tangerang, Indonesia. PT Bumi Serpong Damai Tbk operates as a subsidiary of Sinarmas Land Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Bumi Serpong Damai Tbk, reported revenue of 12.8T IDR in FY2025 versus 7.7T IDR in FY2021, a compound +13.7%/yr. Reported net income was 2.5T IDR in FY2025, compounding +17.2%/yr from FY2021.

Growth Quality 57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
12.8T IDR
Latest YoY
−7.3%
Avg. growth/yr (3Y)
+7.7%
Avg. growth/yr (5Y)
+15.7%
Avg. growth/yr (23Y)
+22.3%
Revenue +13.7%/yr
FY21 7.7T IDR
FY22 10.2T IDR
FY23 11.5T IDR
FY24 13.8T IDR
FY25 12.8T IDR
Net income +17.2%/yr
FY21 1.3T IDR
FY22 2.4T IDR
FY23 1.9T IDR
FY24 4.4T IDR
FY25 2.5T IDR

Watch BSDE: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "PT Bumi Serpong Damai Tbk, Fair Value". https://www.fairvalue-calculator.com/stock/BSDE

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 45 · Below median
Fair Value upside +131% · Top 25%
Return on equity (TTM) 6% · Above median
Return on assets 3% · Top 25%
Net margin (TTM) 20% · Top 25%
Operating margin (TTM) 27% · Top 25%
Revenue growth -12% · Below median
Debt / equity 0.33× · Higher than median

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

P/E (TTM) 4.6× · Cheaper than 75% of peers
P/B 0.26× · Cheaper than median
P/S (TTM) 0.93× · Pricier than median
EV/EBITDA 3.2× · 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 22 · sector 10
HEALTH 84 · 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 Jul 11, 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 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%
PT Puradelta Lestari Tbk DMAS 139.00 IDR 181.20 IDR +30%

Compare PT Bumi Serpong Damai Tbk, with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Real Estate stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is PT Bumi Serpong Damai Tbk, (BSDE) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of 1,388 IDR versus a price of 600.00 IDR, about +131% (undervalued).
What is the fair value of BSDE?
Our model-based fair value for PT Bumi Serpong Damai Tbk, is 1,388 IDR (as of Jul 11, 2026), built from audited fundamentals. The current price is 600.00 IDR.
What is the quality score of BSDE?
PT Bumi Serpong Damai Tbk, has a Quality Score of 44/100. 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 Bumi Serpong Damai Tbk, (BSDE)?
PT Bumi Serpong Damai Tbk, reported trailing-twelve-month revenue of about 12.8T IDR (latest available figure, as of Jul 11, 2026).
What is the net profit margin of BSDE?
The net profit margin of PT Bumi Serpong Damai Tbk, is about 19.9%, meaning it keeps roughly 19.9% 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.

14 days Pro free · no card

Track PT Bumi Serpong Damai Tbk, and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.