Bumi Serpong Damai Tbk (BSDE) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Bumi Serpong Damai Tbk stock IDR 1,155, price IDR 462, upside +150.0%, quality 45 out of 100. Rating: strongly undervalued. Calculated from audited financials with 7 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 442.00 IDR – 1,340 IDR · fair‑value band 866.25 IDR – 1,444 IDR · the 462.00 IDR price screens below the 1,155 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 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.
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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.
Stock analysis
Bumi Serpong Damai Tbk (BSDE) currently trades at 462.00 IDR, while our model-based Fair Value estimate is 1,155 IDR, implying the stock looks roughly 60% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 2,069 IDR per share, and 7 of the 7 models we run sit above the 462.00 IDR price.
Bear case: the Asset-Based group reads lowest at 1,245 IDR, and 0 of the 7 models stay below the price. Data coverage for this calculation is low.
Scenario range: 866.25 IDR (bear) to 1,444 IDR (bull), the price of 462.00 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 45/100 (below-average quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
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.
Key figures
Market cap 9.7T IDR (≈ $534M) Small · P/E ratio 5.2 · P/S ratio 0.87 · EPS (TTM) 89.00 IDR · Net margin 16.7% · Return on equity 4.2% · Return on assets (EBIT) 4.8% (5-year average) · Operating margin 24.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (low confidence).
What moves the price
The share trades about 53% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 33% fair-value upside, at 150%, BSDE screens cheaper than that median.
Fair Value models
Bear866.25 IDRFair Value 1,155 IDRBull1,444 IDR
Price 462.00 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 (76.08 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.57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−7.3%
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.
+7.7%
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.
+15.7%
Start year 2020 (pandemic). Over 10 years: +7.5% a year
Revenue growth 23 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.
+22.3%
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What shareholders gained per year (last 5 years), in IDR ⓘ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. 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.
+13.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.5%
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.13.5% vs 0.8%, picking up
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.32% → 27%
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 · 489 stocks
Beats the industry median on 9/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside+150.0% · Top 25%
Profitability
Return on equity (12 months)4.2% · Below median
Return on assets3.2% · Above median
Net margin (12 months)16.7% · Above median
Operating margin (12 months)24.5% · Above median
Growth and dividend
Revenue growth (quarter YoY)−35.4% · Bottom 25%
Balance sheet
Debt / equity0.33× · Below median
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
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Is Bumi Serpong Damai Tbk (BSDE) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 1,155 IDR versus a price of 462.00 IDR, about +150% upside (undervalued).
What is the fair value of BSDE?
Our model-based fair value for Bumi Serpong Damai Tbk is 1,155 IDR (as of Nov 7, 2026), built from audited fundamentals. The current price: 462.00 IDR.
What is the quality score of BSDE?
Bumi Serpong Damai Tbk has a Quality Score of 45/100. 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 Bumi Serpong Damai Tbk (BSDE)?
Our model-based price target is the fair value of 1,155 IDR (as of Nov 7, 2026) from 7 valuation models. Cautious scenario 866.25 IDR, optimistic scenario 1,444 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Bumi Serpong Damai Tbk stock forecast for 2026?
Our models put fair value at 1,155 IDR, about +150% upside versus a price of 462.00 IDR (undervalued). Cautious scenario 866.25 IDR, optimistic scenario 1,444 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Bumi Serpong Damai Tbk (BSDE)?
Bumi Serpong Damai Tbk reported trailing-twelve-month revenue of about 11.1T IDR (latest available figure, as of Nov 7, 2026).
What is the intrinsic value of Bumi Serpong Damai Tbk (BSDE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bumi Serpong Damai Tbk it is 1,155 IDR per share (as of Nov 7, 2026), against a price of 462.00 IDR. It is the blended result of 7 valuation models in 3 families (Multiples, Asset-Based, Economic Profit).
Is Bumi Serpong Damai Tbk stock overvalued or undervalued in 2026?
As of Nov 7, 2026, BSDE trades below its calculated fair value: price 462.00 IDR, fair value 1,155 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 BSDE?
No. The price is what the market pays today (462.00 IDR); the fair value is what the company's own numbers justify (1,155 IDR). For Bumi Serpong Damai Tbk the two are 693.00 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Bumi Serpong Damai Tbk worth?
The market values Bumi Serpong Damai Tbk at about 9.7T IDR (market capitalisation, as of Nov 7, 2026). Per share that is 462.00 IDR; our models calculate a fair value of 1,155 IDR per share.
What do the bullish and bearish scenarios say about BSDE?
Our models span a range for Bumi Serpong Damai Tbk: cautious scenario 866.25 IDR, base 1,155 IDR, optimistic 1,444 IDR per share (as of Nov 7, 2026, price 462.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BSDE?
Bumi Serpong Damai Tbk trades at a price-to-earnings ratio of 5.2 (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 1,155 IDR is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 10.1. Other multiples: P/B 0.2, P/S 0.9, EV/EBITDA 3.4.
How solid is the balance sheet of Bumi Serpong Damai Tbk (BSDE)?
Balance-sheet figures for Bumi Serpong Damai Tbk (as of Nov 7, 2026): return on equity 4.2%, debt of 0.33 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is BSDE from its 52-week high?
Bumi Serpong Damai Tbk trades at 462.00 IDR, about 53% below its 52-week high of 985.00 IDR and 5% above the low of 442.00 IDR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 1,155 IDR is for.
Which stocks are comparable to Bumi Serpong Damai Tbk?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, CK Asset Holdings, DLF Limited, 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 Bumi Serpong Damai Tbk stock attractive at the current price?
The data as of Nov 7, 2026: price 462.00 IDR, calculated fair value 1,155 IDR (+150%), Quality Score 45/100, from 7 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 BSDE calculated?
We run Bumi Serpong Damai Tbk through 7 models from 3 families: Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 1,155 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. Bumi Serpong Damai 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 Bumi Serpong Damai Tbk (BSDE)?
The closing price on Nov 6, 2026 was 462.00 IDR. Our model-based fair value is 1,155 IDR, about +150% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bumi Serpong Damai Tbk right now?
The large discount to fair value meets weak quality (45/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (866.25 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. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Where does the earnings growth of Bumi Serpong Damai Tbk (BSDE) come from?
Earnings per share at Bumi Serpong Damai Tbk grew +0.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +7.2 %, EBIT margin −4.3 %, tax rate +0.4 %, residual (interest, one-offs) −2.7 %. 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 Bumi Serpong Damai Tbk
How large is the market capitalisation of Bumi Serpong Damai Tbk (BSDE)?
The market capitalisation of Bumi Serpong Damai Tbk is 9.7T IDR (≈ $534M). 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 Bumi Serpong Damai Tbk (BSDE)?
The price-to-sales ratio of Bumi Serpong Damai Tbk is 0.87 (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 Bumi Serpong Damai Tbk (BSDE)?
Earnings per share at Bumi Serpong Damai Tbk are 89.00 IDR (price ÷ EPS = P/E 5.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Bumi Serpong Damai Tbk (BSDE)?
The net margin of Bumi Serpong Damai Tbk is 16.7% (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 Bumi Serpong Damai Tbk (BSDE)?
The return on equity (ROE) of Bumi Serpong Damai Tbk is 4.2% (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 Bumi Serpong Damai Tbk (BSDE)?
On an EBIT basis the return on assets of Bumi Serpong Damai Tbk is 4.8% (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 Bumi Serpong Damai Tbk (BSDE)?
The operating margin of Bumi Serpong Damai Tbk is 24.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bumi Serpong Damai Tbk (BSDE)?
Revenue at Bumi Serpong Damai Tbk is growing −35.4% versus a year earlier (3y avg +7.7%). 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 Bumi Serpong Damai Tbk (BSDE)?
Earnings per share at Bumi Serpong Damai Tbk are growing −66.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Bumi Serpong Damai Tbk (BSDE) generate?
The free cash flow of Bumi Serpong Damai Tbk is −1.4T IDR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Bumi Serpong Damai Tbk (BSDE) carry?
The net debt of Bumi Serpong Damai Tbk is 5.7T IDR (fiscal year 2025). 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