PT Nusantara Sejahtera Raya Tbk (CNMA) Fair Value & Analysis
Communication Services · ID · Market cap 7.6T IDR
Fair value as of: Jul 19, 2026
From 24 valuation models · updated 21 days ago
Share price +7.9% over the past month.
A solid business, screening 94% undervalued on our models.
What matters now
- The price is below even our cautious bear case (139.63 IDR). The market is more pessimistic than our downside scenario.
- Solid quality (67/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (139.63 IDR to 322.72 IDR) leaves room in how you read the outcome.
Price vs Fair Value (3 years)
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
36‑month range 82.00 IDR – 252.27 IDR · fair‑value band 139.63 IDR – 322.72 IDR · the 96.00 IDR price screens below the 186.17 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.
Analysis
PT Nusantara Sejahtera Raya Tbk (CNMA) currently trades at 96.00 IDR, while our model-based Fair Value estimate is 186.17 IDR, implying the stock looks roughly 93.9% undervalued today. The Quality Score stands at 67/100 (solid quality), in the Communication Services 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: high), always confirm before acting.
Over the trailing twelve months, PT Nusantara Sejahtera Raya Tbk generated revenue of 6.0T IDR at a net margin of 12.7%. Revenue grew 18.2% year over year. It earns a return on equity of 19.9%. The balance sheet holds a net cash position of 132B IDR. Fundamentals as of Jul 19, 2026
Our scenario range runs from 139.63 IDR (bear case) to 322.72 IDR (bull case); at 96.00 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 33% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -52% fair-value upside, at 94%, CNMA 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.
All 24 models by family
Widest divergence: DCF Models (376.77 IDR) versus Asset-Based (33.28 IDR). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 70 · Market factors (momentum, volatility) 41
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 Nusantara Sejahtera Raya Tbk engages in cinema screening activities in Indonesia. It operates through Movie, Food and Beverages; and All Other segments.
Full company description
PT Nusantara Sejahtera Raya Tbk engages in cinema screening activities in Indonesia. It operates through Movie, Food and Beverages; and All Other segments. The company is involved in the sale of tickets at physical cinema counters and through online ticketing platforms, such as m.tix, TIX ID, and GoPay; operation of food and beverage outlets, including XXI Café, The Premiere Café, XXI Lounge, Hello Sunday restaurant locations, and XXI Café Box; advertising on theater screens; offline advertising through digital billboards and booths; online advertising through its website; promotional events; transactional activities; events and services for gatherings; and vouchers. It also engages in management consulting; venue rental; organization of meetings, incentives, conferences, and exhibitions (MICE) activities and special events; premises rental for events; and land leasing activities. The company was founded in 1988 and is headquartered in Jakarta Pusat, Indonesia. PT Nusantara Sejahtera Raya Tbk is a subsidiary of PT Harkatjaya Bumipersada.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
PT Nusantara Sejahtera Raya Tbk reported revenue of 5.9T IDR in FY2025 versus 1.3T IDR in FY2021, a compound +46.3%/yr. Reported net income was 705B IDR in FY2025.
Watch CNMA: get an alert when its fair value changes →
Peer Group
Entertainment · 267 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.
Valuation Multiples vs Entertainment median · lower = cheaper
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.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Entertainment stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Netflix, Inc ZNFL | C$6.77 | C$2.96 | -56% |
| The Walt Disney Company DIS | $96.30 | $89.55 | -7% |
| Warner Bros. Discovery, Inc WBD | $26.87 | $9.13 | -66% |
| Live Nation Entertainment, Inc LYV | $178.44 | $46.89 | -74% |
| Universal Music Group UMG | €18.91 | €14.78 | -22% |
| TKO Group TKO | $184.40 | $22.16 | -88% |
| Empresas Cablevisión, S.A. CABLECPO | 55.00 MXN | 60.49 MXN | +10% |
| Beijing Enlight Media Co 300251 | ¥11.77 | ¥10.97 | -7% |
| PT MNC Digital Entertainment Tbk, MSIN | 456.00 IDR | 221.09 IDR | -52% |
| Prime Focus Limited PFOCUS | ₹298.25 | ₹63.45 | -79% |
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Frequently asked questions
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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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