PT Dafam Property Indonesia Tbk (DFAM) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of PT Dafam Property Indonesia Tbk IDR 169, price IDR 92, upside +83.5%, quality 53 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 50.00 IDR – 780.00 IDR · fair‑value band 116.07 IDR – 217.77 IDR · the 92.00 IDR price screens below the 168.82 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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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.
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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.
Stock analysis
PT Dafam Property Indonesia Tbk (DFAM) currently trades at 92.00 IDR, while our model-based Fair Value estimate is 168.82 IDR, implying the stock looks roughly 45.5% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 182.69 IDR per share, and 7 of the 10 models we run sit above the 92.00 IDR price.
Bear case: the Multiples group reads lowest at 23.12 IDR, and 3 of the 10 models stay below the price. Evidence for this calculation is low.
Scenario range: 116.07 IDR (bear) to 217.77 IDR (bull), the price of 92.00 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 53/100 (solid quality), in the Real Estate sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
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.
Key figures
Market cap 175B IDR (≈ $9.8M) · P/S ratio 2.63 · EPS (TTM) −3.80 IDR · Net margin −15.0% · Return on equity −65.2% · Return on assets (EBIT) −0.7% · Operating margin −16.6% · Revenue (TTM) 60.7B IDR.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).
What moves the price
The share trades about 34% below its 52-week high and 31% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −37% fair-value upside, at 84%, DFAM screens cheaper than that median.
Fair Value models
Bear 116.07 IDRFair Value 168.82 IDRBull 217.77 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.23/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−4.5%
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.
−5.0%
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.
−7.5%
Start year 2020 (pandemic). Over 10 years: −3.0% a year
Revenue growth 10 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.
−3.0%
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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.
7.8% (2020) → −2.5% (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).
−4.3%
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 −6.8% a year for the price.
Compare PT Dafam Property Indonesia 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 3/9 measures
Overall it trails its industry peers.
Valuation
Quality Score53 · Below median
Fair Value upside+80% · Top 25%
Profitability
Return on assets1% · Below median
Net margin (TTM)−12% · Bottom 25%
Operating margin (TTM)−17% · Bottom 25%
Growth and dividend
Revenue growth2% · Below median
Balance sheet
Debt / equity6.77× · Highest 25%
Valuation Multiplesvs Real Estate Services median · lower = cheaper
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 Dafam Property Indonesia Tbk Fair Value". https://www.fairvalue-calculator.com/stock/DFAM
Frequently asked questions
Is PT Dafam Property Indonesia Tbk (DFAM) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 168.82 IDR versus a price of 92.00 IDR, about +84% upside (undervalued).
What is the fair value of DFAM?
Our model-based fair value for PT Dafam Property Indonesia Tbk is 168.82 IDR (as of Sep 24, 2026), built from audited fundamentals. The current price: 92.00 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 price target for PT Dafam Property Indonesia Tbk (DFAM)?
Our model-based price target is the fair value of 168.82 IDR (as of Sep 24, 2026) from 10 valuation models. Cautious scenario 116.07 IDR, optimistic scenario 217.77 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the PT Dafam Property Indonesia Tbk stock forecast for 2026?
Our models put fair value at 168.82 IDR, about +84% upside versus a price of 92.00 IDR (undervalued). Cautious scenario 116.07 IDR, optimistic scenario 217.77 IDR. The calculation is refreshed regularly with new filings.
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 Sep 24, 2026).
What growth is priced into PT Dafam Property Indonesia Tbk (DFAM)?
For today's price to be fair in a discounted-cash-flow model, PT Dafam Property Indonesia Tbk would have to grow free cash flow by -4.3 % 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 -7.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of DFAM use?
Our models discount PT Dafam Property Indonesia Tbk at 10.5 %: a base by market capitalisation (nano), damped by beta 0.46, 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 PT Dafam Property Indonesia Tbk that is -4.3 % 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 PT Dafam Property Indonesia Tbk (DFAM) delivered so far?
Over the past 5 years revenue at PT Dafam Property Indonesia Tbk grew -7.5 % a year. The price currently implies -4.3 % 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 PT Dafam Property Indonesia Tbk (DFAM) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into PT Dafam Property Indonesia Tbk (-4.3 % 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 PT Dafam Property Indonesia Tbk (DFAM)?
The free-cash-flow yield on the price is 18.31 %: that much free cash flow PT Dafam Property Indonesia 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 PT Dafam Property Indonesia Tbk (DFAM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For PT Dafam Property Indonesia Tbk it is 168.82 IDR per share (as of Sep 24, 2026), against a price of 92.00 IDR. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is PT Dafam Property Indonesia Tbk stock overvalued or undervalued in 2026?
As of Sep 24, 2026, DFAM trades below its calculated fair value: price 92.00 IDR, fair value 168.82 IDR, a gap of about +84% (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 DFAM?
No. The price is what the market pays today (92.00 IDR); the fair value is what the company's own numbers justify (168.82 IDR). For PT Dafam Property Indonesia Tbk the two are 76.82 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is PT Dafam Property Indonesia Tbk worth?
The market values PT Dafam Property Indonesia Tbk at about 175B IDR (market capitalisation, as of Sep 24, 2026). Per share that is 92.00 IDR; our models calculate a fair value of 168.82 IDR per share.
What do the bullish and bearish scenarios say about DFAM?
Our models span a range for PT Dafam Property Indonesia Tbk: cautious scenario 116.07 IDR, base 168.82 IDR, optimistic 217.77 IDR per share (as of Sep 24, 2026, price 92.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of PT Dafam Property Indonesia Tbk (DFAM)?
Balance-sheet figures for PT Dafam Property Indonesia Tbk (as of Sep 24, 2026): return on equity −65.2%, debt of 6.77 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is DFAM from its 52-week high?
PT Dafam Property Indonesia Tbk trades at 92.00 IDR, about 34% below its 52-week high of 140.00 IDR and 31% above the low of 70.00 IDR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 168.82 IDR is for.
Which stocks are comparable to PT Dafam Property Indonesia 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 PT Dafam Property Indonesia Tbk stock attractive at the current price?
The data as of Sep 24, 2026: price 92.00 IDR, calculated fair value 168.82 IDR (+84%), Quality Score 53/100, 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 DFAM calculated?
We run PT Dafam Property Indonesia 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 168.82 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. PT Dafam Property Indonesia Tbk currently trades 84 % 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 PT Dafam Property Indonesia Tbk (DFAM)?
The closing price on Sep 24, 2026 was 92.00 IDR. Our model-based fair value is 168.82 IDR, about +84% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with PT Dafam Property Indonesia Tbk right now?
The price is below even our cautious bear case (116.07 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. Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (116.07 IDR to 217.77 IDR) leaves room in how you read the outcome.
Key figures of PT Dafam Property Indonesia Tbk
How large is the market capitalisation of PT Dafam Property Indonesia Tbk (DFAM)?
The market capitalisation of PT Dafam Property Indonesia Tbk is 175B IDR (≈ $9.8M). 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 PT Dafam Property Indonesia Tbk (DFAM)?
The price-to-sales ratio of PT Dafam Property Indonesia Tbk is 2.63 (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 PT Dafam Property Indonesia Tbk (DFAM)?
Earnings per share at PT Dafam Property Indonesia Tbk are −3.80 IDR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of PT Dafam Property Indonesia Tbk (DFAM)?
The net margin of PT Dafam Property Indonesia Tbk is −15.0% (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 PT Dafam Property Indonesia Tbk (DFAM)?
The return on equity (ROE) of PT Dafam Property Indonesia Tbk is −65.2% (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 PT Dafam Property Indonesia Tbk (DFAM)?
On an EBIT basis the return on assets of PT Dafam Property Indonesia Tbk is −0.7% (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 PT Dafam Property Indonesia Tbk (DFAM)?
The operating margin of PT Dafam Property Indonesia Tbk is −16.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at PT Dafam Property Indonesia Tbk (DFAM)?
Revenue at PT Dafam Property Indonesia Tbk is growing +2.2% versus a year earlier (3y avg −5.0%). 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 PT Dafam Property Indonesia Tbk (DFAM)?
Earnings per share at PT Dafam Property Indonesia Tbk are growing +11.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does PT Dafam Property Indonesia Tbk (DFAM) carry?
The net debt of PT Dafam Property Indonesia Tbk is 98.5B IDR (fiscal year 2025, ≈ 3.1 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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