Duta Anggada Realty Tbk (DART) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Duta Anggada Realty Tbk IDR 376, price IDR 155, upside +142.8%, quality 45 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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PT Duta Anggada Realty Tbk. engages in the real estate development activities in Indonesia. The company develops, sells, rents, and manages residential apartments, office buildings, shopping centres, and hotels. It also provides tourism hospitality services.
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PT Duta Anggada Realty Tbk. engages in the real estate development activities in Indonesia. The company develops, sells, rents, and manages residential apartments, office buildings, shopping centres, and hotels. It also provides tourism hospitality services. The company was formerly known as PT Duta Anggada Inti Pratama and changed its name to PT Duta Anggada Realty Tbk. in April 1997. PT Duta Anggada Realty Tbk. was founded in 1983 and is headquartered in Jakarta, Indonesia.
Stock analysis
Duta Anggada Realty Tbk (DART) currently trades at 155.00 IDR, while our model-based Fair Value estimate is 376.36 IDR, implying the stock looks roughly 58.8% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 430.81 IDR per share, and 7 of the 9 models we run sit above the 155.00 IDR price.
Bear case: the Asset-Based group reads lowest at 252.04 IDR, and 2 of the 9 models stay below the price. Evidence for this calculation is low.
Scenario range: 129.66 IDR (bear) to 643.78 IDR (bull), the price of 155.00 IDR sits inside 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.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Duta Anggada Realty Tbk reported revenue of 510B IDR in FY2025 versus 291B IDR in FY2021, a compound +15.1%/yr. Reported net income was −260B IDR in FY2025.
Key figures
Market cap 487B IDR (≈ $27.2M) · P/S ratio 0.73 · EPS (TTM) −81.00 IDR · Net margin −50.9% · Return on equity −20.4% · Return on assets (EBIT) 0.2% · Operating margin 12.6% · Revenue (TTM) 513B IDR.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 30% below its 52-week high and 40% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −37% fair-value upside, at 143%, DART screens cheaper than that median.
Fair Value models
Bear 129.66 IDRFair Value 376.36 IDRBull 643.78 IDR
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = 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.46/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−0.3%
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.
+15.6%
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.
+9.5%
Start year 2020 (pandemic). Over 10 years: −4.9% a year
Revenue growth 25 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.
+13.4%
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Profit margin (trend) ⓘ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.
−19.3% (2020) → 12.7% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+44.8%
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 +41.1% a year for the price.
Compare Duta Anggada Realty Tbk with another stock
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 Services · 547 stocks
Beats the industry median on 4/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside+128% · Top 25%
Profitability
Return on assets1% · Below median
Net margin (TTM)−49% · Bottom 25%
Operating margin (TTM)13% · Below median
Growth and dividend
Revenue growth6% · Above median
Balance sheet
Debt / equity1.27× · Highest 25%
Valuation Multiplesvs Real Estate Services median · lower = cheaper
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Is Duta Anggada Realty Tbk (DART) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 376.36 IDR versus a price of 155.00 IDR, about +143% upside (undervalued).
What is the fair value of DART?
Our model-based fair value for Duta Anggada Realty Tbk is 376.36 IDR (as of Sep 24, 2026), built from audited fundamentals. The current price: 155.00 IDR.
What is the quality score of DART?
Duta Anggada Realty 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 Duta Anggada Realty Tbk (DART)?
Our model-based price target is the fair value of 376.36 IDR (as of Sep 24, 2026) from 10 valuation models. Cautious scenario 129.66 IDR, optimistic scenario 643.78 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Duta Anggada Realty Tbk stock forecast for 2026?
Our models put fair value at 376.36 IDR, about +143% upside versus a price of 155.00 IDR (undervalued). Cautious scenario 129.66 IDR, optimistic scenario 643.78 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Duta Anggada Realty Tbk (DART)?
Duta Anggada Realty Tbk reported trailing-twelve-month revenue of about 513B IDR (latest available figure, as of Sep 24, 2026).
What growth is priced into Duta Anggada Realty Tbk (DART)?
For today's price to be fair in a discounted-cash-flow model, Duta Anggada Realty Tbk would have to grow free cash flow by +44.8 % per year for five years (discount rate 10.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of DART use?
Our models discount Duta Anggada Realty Tbk at 10.5 %: a base by market capitalisation (nano), damped by beta 0.38, 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 Duta Anggada Realty Tbk that is +44.8 % per year a year over ten years, using the same discount rate (10.5 %) and the same formula as our fair value.
How much growth has Duta Anggada Realty Tbk (DART) delivered so far?
Over the past 5 years revenue at Duta Anggada Realty Tbk grew +9.5 % a year. The price currently implies +44.8 % per year free-cash-flow growth a 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 Duta Anggada Realty Tbk (DART) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into Duta Anggada Realty Tbk (+44.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Duta Anggada Realty Tbk (DART)?
The free-cash-flow yield on the price is 7.42 %: that much free cash flow Duta Anggada Realty Tbk produces per unit of market value. When it exceeds the discount rate of our models (10.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Duta Anggada Realty Tbk (DART)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Duta Anggada Realty Tbk it is 376.36 IDR per share (as of Sep 24, 2026), against a price of 155.00 IDR. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is Duta Anggada Realty Tbk stock overvalued or undervalued in 2026?
As of Sep 24, 2026, DART trades below its calculated fair value: price 155.00 IDR, fair value 376.36 IDR, a gap of about +143% (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 DART?
No. The price is what the market pays today (155.00 IDR); the fair value is what the company's own numbers justify (376.36 IDR). For Duta Anggada Realty Tbk the two are 221.36 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Duta Anggada Realty Tbk worth?
The market values Duta Anggada Realty Tbk at about 487B IDR (market capitalisation, as of Sep 24, 2026). Per share that is 155.00 IDR; our models calculate a fair value of 376.36 IDR per share.
What do the bullish and bearish scenarios say about DART?
Our models span a range for Duta Anggada Realty Tbk: cautious scenario 129.66 IDR, base 376.36 IDR, optimistic 643.78 IDR per share (as of Sep 24, 2026, price 155.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Duta Anggada Realty Tbk (DART)?
Balance-sheet figures for Duta Anggada Realty Tbk (as of Sep 24, 2026): return on equity −20.4%, debt of 1.27 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is DART from its 52-week high?
Duta Anggada Realty Tbk trades at 155.00 IDR, about 30% below its 52-week high of 220.00 IDR and 40% above the low of 111.00 IDR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 376.36 IDR is for.
Which stocks are comparable to Duta Anggada Realty Tbk?
From the same area (Real Estate) we also value Vingroup Joint Stock Company, CBRE Group, Vonovia SE, Cellnex Telecom, S.A, 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 Duta Anggada Realty Tbk stock attractive at the current price?
The data as of Sep 24, 2026: price 155.00 IDR, calculated fair value 376.36 IDR (+143%), Quality Score 45/100, from 10 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 DART calculated?
We run Duta Anggada Realty Tbk through 10 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 376.36 IDR, 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. Duta Anggada Realty Tbk currently trades 143 % 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 Duta Anggada Realty Tbk (DART)?
The closing price on Sep 24, 2026 was 155.00 IDR. Our model-based fair value is 376.36 IDR, about +143% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Duta Anggada Realty Tbk right now?
The model range is unusually wide (129.66 IDR to 643.78 IDR). The outcome hinges heavily on assumptions, so read the point estimate with caution. 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 (45/100) at a price below fair value, the discount is the argument here, not the business quality. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Duta Anggada Realty Tbk
How large is the market capitalisation of Duta Anggada Realty Tbk (DART)?
The market capitalisation of Duta Anggada Realty Tbk is 487B IDR (≈ $27.2M). 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 Duta Anggada Realty Tbk (DART)?
The price-to-sales ratio of Duta Anggada Realty Tbk is 0.73 (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 Duta Anggada Realty Tbk (DART)?
Earnings per share at Duta Anggada Realty Tbk are −81.00 IDR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Duta Anggada Realty Tbk (DART)?
The net margin of Duta Anggada Realty Tbk is −50.9% (fiscal year 2025). 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 Duta Anggada Realty Tbk (DART)?
The return on equity (ROE) of Duta Anggada Realty Tbk is −20.4% (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 Duta Anggada Realty Tbk (DART)?
On an EBIT basis the return on assets of Duta Anggada Realty Tbk is 0.2% (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 Duta Anggada Realty Tbk (DART)?
The operating margin of Duta Anggada Realty Tbk is 12.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Duta Anggada Realty Tbk (DART)?
Revenue at Duta Anggada Realty Tbk is growing +5.5% versus a year earlier (3y avg +15.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does Duta Anggada Realty Tbk (DART) carry?
The net debt of Duta Anggada Realty Tbk is 3.4T IDR (fiscal year 2025, ≈ 92.8 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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