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PT Dafam Property Indonesia Tbk (DFAM) Fair Value & Analysis

Real Estate · ID · Market cap 160B IDR

PD PT Dafam Property Indonesia Tbk DFAM · JK
Price82.00 IDR
Fair Value14.82 IDR
Upside-81.9%
Quality53/100
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Weak Growth
Loss-making · -11.8% net margin
High debt · generates free cash flow
Trails peers (3/10)
Narrow moat 13/100
Evidence: Medium Range 14.82 IDR – 31.48 IDR Share as image

Fair value as of: Jul 11, 2026

From 10 valuation models · updated 30 days ago

A solid business, but screening 82% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (31.48 IDR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (14.82 IDR to 31.48 IDR) leaves room in how you read the outcome.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

780.00 IDR 50.00 IDR Fair Value 14.82 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 50.00 IDR – 780.00 IDR · fair‑value band 14.82 IDR – 31.48 IDR · the 82.00 IDR price screens above the 14.82 IDR fair value. Dashed = 300-day average. As of Jul 11, 2026.

Full chart & analysis →

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Analysis

PT Dafam Property Indonesia Tbk (DFAM) currently trades at 82.00 IDR, while our model-based Fair Value estimate is 14.82 IDR, implying the stock looks roughly 81.9% overvalued today. The Quality Score stands at 53/100 (solid quality), in the Real Estate 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: medium).

Over the trailing twelve months, PT Dafam Property Indonesia Tbk generated revenue of 60.7B IDR at a net margin of -11.8%. Revenue grew 2.2% year over year. It earns a return on equity of -65.2%. Net debt stands at 98.5B IDR. Fundamentals as of Jul 11, 2026

Our scenario range runs from 14.82 IDR (bear case) to 31.48 IDR (bull case); at 82.00 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 48% below its 52-week high and 64% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -13% fair-value upside, at -82%, DFAM screens richer 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
Growth DCF 127.80 IDR 190.19 IDR 296.93 IDR 80
Rev-Margin DCF 105.93 IDR 177.31 IDR 259.97 IDR 74
EV/EBITDA 6.45 IDR 23.12 IDR 39.79 IDR 54
All 10 models by family
DCF Models
FCF DCF 120.17 IDR 184.46 IDR 303.53 IDR 38
5Y Revenue Exit 105.93 IDR 173.47 IDR 271.62 IDR 39
5Y EBITDA Exit 45.81 IDR 69.40 IDR 100.71 IDR 41
10Y Revenue Exit 106.21 IDR 157.09 IDR 211.54 IDR 36
10Y EBITDA Exit 73.75 IDR 92.74 IDR 111.20 IDR 37
Multiples
EV/EBITDA 6.45 IDR 23.12 IDR 39.79 IDR 54
EV/Revenue 109.77 IDR 175.48 IDR 241.19 IDR 43
Asset-Based
NCAV (Graham) 3.42 IDR 4.58 IDR 6.83 IDR 50
Growth DCF
Growth DCF 127.80 IDR 190.19 IDR 296.93 IDR 80
Rev-Margin DCF 105.93 IDR 177.31 IDR 259.97 IDR 74

Widest divergence: Growth DCF (177.31 IDR) versus Asset-Based (4.58 IDR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 60.7B IDR
Revenue growth (YoY) +2.2%
Net margin -11.8%
Return on equity -65.2%
Free cash flow 32.0B IDR FY2025
Operating margin -16.6%
More key figures
EPS (TTM) -3.80 IDR
EPS growth (YoY) +11.1%
Net debt 98.5B IDR FY2025

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

Quality Score breakdown

Overall quality 53/100

Of which business quality 52 · Market factors (momentum, volatility) 44

Profitability 8
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 3
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 62
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 Dafam Property Indonesia Tbk engages in the property development activities in Indonesia. The company operates through three segments: Hotel, Real Estate, and Hotel Management Services. It develops residential and operates hotels. The company was incorporated in 2011 and is headquartered in Semarang, Indonesia.

Full company description

PT Dafam Property Indonesia Tbk engages in the property development activities in Indonesia. The company operates through three segments: Hotel, Real Estate, and Hotel Management Services. It develops residential and operates hotels. The company was incorporated in 2011 and is headquartered in Semarang, Indonesia. PT Dafam Property Indonesia Tbk operates as a subsidiary of PT Dafam.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Dafam Property Indonesia Tbk reported revenue of 60.4B IDR in FY2025 versus 84.6B IDR in FY2021, a compound −8.1%/yr. Reported net income was −9.1B IDR in FY2025.

Growth Quality 23/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
60.4B IDR
Latest YoY
−4.5%
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.
−5.0%
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.
−7.5%
Avg. growth/yr (10Y) 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.
−3.0%
Revenue −8.1%/yr
FY21 84.6B IDR
FY22 70.5B IDR
FY23 69.3B IDR
FY24 63.3B IDR
FY25 60.4B IDR
Net income
FY21 −15.0B IDR
FY22 −18.3B IDR
FY23 −16.3B IDR
FY24 −18.6B IDR
FY25 −9.1B IDR

DFAM screens 82% overvalued. Compare with Vingroup Joint Stock Company →

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Cite: Fair Value Calculator (2026). "PT Dafam Property Indonesia Tbk Fair Value". https://www.fairvalue-calculator.com/stock/DFAM

Peer Group

Real Estate Services · 520 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 53 · Below median
Fair Value upside −82% · Bottom 25%
Return on assets 1% · Below median
Net margin (TTM) -12% · Bottom 25%
Operating margin (TTM) -17% · Bottom 25%
Revenue growth 2% · Above median
Debt / equity 6.77× · Higher than 75% of peers

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 5.3× · 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 0 · sector 37
FUTURE 11 · sector 10
PAST 0 · sector 16
HEALTH 0 · sector 85
DIVIDEND 0 · sector 49

VALUE 0: the price sits above our fair-value range.

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 Services stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).

Stock Price Fair Value vs Fair Value
Vingroup Joint Stock Company VIC 223,000 VND 25,731 VND -88%
KE Holdings 2423 HK$44.76 HK$18.03 -60%
Swire Properties Limited 1972 HK$23.90 HK$18.75 -22%
China Resources Mixc Lifestyle Services Limited 1209 HK$39.92 HK$34.92 -13%
Plaza S.A MALLPLAZA 3,725 CLP 5,571 CLP +50%
SAGAA SAGAA kr 170.00 kr 75.55 -56%
Cencosud Shopping S.A CENCOMALLS 2,324 CLP 2,976 CLP +28%
WHA Corporation WHAR 5.45 THB 4.14 THB -24%
PT Sarana Menara Nusantara Tbk. owns and TOWR 372.00 IDR 1,208 IDR +225%
PT Metropolitan Kentjana Tbk MKPI 20,975 IDR 19,160 IDR -9%

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Frequently asked questions

Is PT Dafam Property Indonesia Tbk (DFAM) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of 14.82 IDR versus a price of 82.00 IDR, about −82% (overvalued).
What is the fair value of DFAM?
Our model-based fair value for PT Dafam Property Indonesia Tbk is 14.82 IDR (as of Jul 11, 2026), built from audited fundamentals. The current price is 82.00 IDR.
What is the quality score of DFAM?
PT Dafam Property Indonesia Tbk has a Quality Score of 53/100. 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 Dafam Property Indonesia Tbk (DFAM)?
PT Dafam Property Indonesia Tbk reported trailing-twelve-month revenue of about 60.7B IDR (latest available figure, as of Jul 11, 2026).
What is the net profit margin of DFAM?
The net profit margin of PT Dafam Property Indonesia Tbk is about -11.8%, meaning it is currently running at a net loss. 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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