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PT Digital Mediatama Maxima Tbk (DMMX) Fair Value & Analysis

Communication Services · ID · Market cap 1.2T IDR

PD PT Digital Mediatama Maxima Tbk DMMX · JK
Price198.00 IDR
Fair Value161.75 IDR
Upside-18.3%
Quality62/100
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Expensive Growth
Solidly profitable · 10.4% net margin
Low debt · negative free cash flow
3.42% dividend yield
Mixed vs. peers (7/13)
Moderate moat 47/100
Evidence: High Range 121.32 IDR – 202.19 IDR Share as image

Fair value as of: Jul 15, 2026

From 15 valuation models · updated 26 days ago

Fair value updated Jul 15, 2026, revised from 167.69 IDR to 161.75 IDR (−3.5%) since Jun 24, 2026. Share price +23.0% over the past month.

A solid business, but screening 18% overvalued on our models.

What matters now

  • Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
  • Our model range runs from 121.32 IDR (bear) to 202.19 IDR (bull), base 161.75 IDR. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 62/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

3,300 IDR 60.96 IDR Fair Value 161.75 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range 60.96 IDR – 3,300 IDR · fair‑value band 121.32 IDR – 202.19 IDR · the 198.00 IDR price screens above the 161.75 IDR fair value. Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

PT Digital Mediatama Maxima Tbk (DMMX) currently trades at 198.00 IDR, while our model-based Fair Value estimate is 161.75 IDR, implying the stock looks roughly 18.3% overvalued today. The Quality Score stands at 62/100 (solid quality), in the Communication Services 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: high).

Over the trailing twelve months, PT Digital Mediatama Maxima Tbk generated revenue of 578B IDR at a net margin of 10.4%. Revenue declined 60.6% year over year. It earns a return on equity of 9.0%. The balance sheet holds a net cash position of 25.5B IDR. Fundamentals as of Jul 15, 2026

Our scenario range runs from 121.32 IDR (bear case) to 202.19 IDR (bull case); at 198.00 IDR, the current price sits within 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 58% below its 52-week high and 57% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -1% fair-value upside, at -18%, DMMX 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
ROIC Compounder 72.55 IDR 83.14 IDR 92.55 IDR 72
Growth-Adj P/E 209.77 IDR 299.68 IDR 389.58 IDR 68
P/E Multiple 157.00 IDR 209.33 IDR 261.66 IDR 63
All 15 models by family
DCF Models
Owner Earnings 202.62 IDR 457.91 IDR 1,018 IDR 31
Earnings-Based
Graham-Dodd 64.70 IDR 451.22 IDR 633.22 IDR 54
Lynch FV 158.12 IDR 225.88 IDR 293.65 IDR 50
PEG = 1.0 158.12 IDR 225.88 IDR 293.65 IDR 46
EPV 72.55 IDR 83.14 IDR 92.55 IDR 59
Multiples
P/E Multiple 157.00 IDR 209.33 IDR 261.66 IDR 63
P/S Multiple 121.32 IDR 161.75 IDR 202.19 IDR 58
P/B Multiple 121.32 IDR 161.75 IDR 202.19 IDR 55
EV/EBIT 103.06 IDR 133.23 IDR 163.40 IDR 53
EV/EBITDA 135.68 IDR 176.73 IDR 217.77 IDR 54
EV/Revenue 81.19 IDR 110.60 IDR 140.02 IDR 43
Asset-Based
NCAV (Graham) 47.18 IDR 63.22 IDR 94.36 IDR 50
Economic Profit
Residual Income 84.45 IDR 94.90 IDR 171.28 IDR 61
ROIC Compounder 72.55 IDR 83.14 IDR 92.55 IDR 72
Growth Earnings
Growth-Adj P/E 209.77 IDR 299.68 IDR 389.58 IDR 68

Widest divergence: DCF Models (457.91 IDR) versus Asset-Based (63.22 IDR). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) 578B IDR
Revenue growth (YoY) -60.6%
Net margin 10.4%
Return on equity 9.0%
Free cash flow −15.5B IDR FY2025
P/E ratio 16.0
More key figures
Operating margin 16.1%
EPS (TTM) 8.27 IDR
Dividend yield 3.4%
EPS growth (YoY) -93.5%
Net cash 25.5B IDR FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 59 · Market factors (momentum, volatility) 24

Profitability 45
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 8
Earnings quality: real cash, not paper profit
Fin. Strength 87
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 14
Price trend over the last 3–12 months (market factor)
52W Momentum 12
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 Digital Mediatama Maxima Tbk operates an integrated marketing platform in Indonesia. It provides trade marketing, hardware sales, managed services, infrastructure as a service, advertising exchange hub, digital wholesale, and content and entertainment services.

Full company description

PT Digital Mediatama Maxima Tbk operates an integrated marketing platform in Indonesia. It provides trade marketing, hardware sales, managed services, infrastructure as a service, advertising exchange hub, digital wholesale, and content and entertainment services. The company also offers smart retail solutions, such as cloud-based digital signage and last format LED Videotron, AI profiling, ESL, sound dome, AR gamification, and SME commerce platform; and consumer business solutions comprising Sruput Café, Chatfoto, Volta Indonesia, and Esport Academy ID. In addition, it also offers engagement platform solutions, including DIGIMAXads, an advertisement solution; Bumilangit Digital, an IP character licensing; and Close The Door, a creators hub solution. The company was formerly known as PT Digital Marketing Solution and changed its name to PT Digital Mediatama Maxima Tbk in January 2019. PT Digital Mediatama Maxima Tbk was founded in 2015 and is based in Jakarta Selatan, Indonesia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Digital Mediatama Maxima Tbk reported revenue of 694B IDR in FY2025 versus 1.2T IDR in FY2021, a compound −11.9%/yr. Reported net income was 69.1B IDR in FY2025, compounding −26.7%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
694B IDR
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.
+55.5%
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.
+101.5%
Avg. growth/yr (7Y) 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.
+104.2%
Revenue −11.9%/yr
FY21 1.2T IDR
FY22 1.9T IDR
FY23 1.9T IDR
FY24 1.2T IDR
FY25 694B IDR
Net income −26.7%/yr
FY21 239B IDR
FY22 5.6B IDR
FY23 −264B IDR
FY24 −51.4B IDR
FY25 69.1B IDR

DMMX screens 18% overvalued. Compare with AppLovin Corporation →

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Cite: Fair Value Calculator (2026). "PT Digital Mediatama Maxima Tbk Fair Value". https://www.fairvalue-calculator.com/stock/DMMX

Peer Group

Advertising Agencies · 199 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 62 · Top 25%
Fair Value upside −18% · Below median
Return on equity (TTM) 9% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 10% · Top 25%
Operating margin (TTM) 16% · Top 25%
Revenue growth -61% · Bottom 25%
Dividend yield (TTM) 3.4% · Above median
Debt / equity 0.00× · Lower than median

Valuation Multiples vs Advertising Agencies median · lower = cheaper

P/E (TTM) 19.6× · Pricier than median
P/B 1.72× · Pricier than median
P/S (TTM) 2.03× · Pricier than 75% of peers
EV/EBITDA 11.2× · Pricier than median

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 9 · sector 19
FUTURE 0 · sector 8
PAST 36 · sector 7
HEALTH 100 · sector 98
DIVIDEND 68 · sector 66

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 Advertising Agencies stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
AppLovin Corporation APP $506.98 $181.37 -64%
Publicis Groupe S.A PUB €87.16 €146.36 +68%
Omnicom Group OMC $80.75 $99.84 +24%
Focus Media Information Technology Co 002027 ¥5.00 ¥4.08 -18%
The Trade Desk, Inc TTD $19.37 $20.76 +7%
BlueFocus Intelligent Communications Group 300058 ¥13.81 ¥1.50 -89%
JCDecaux SE DEC €21.28 €20.99 -1%
WPP plc WPP $18.13 $18.56 +2%
Easy Click Worldwide Network Technology Co 301171 ¥28.85 ¥5.62 -81%
Magnite, Inc MGNI $19.91 $17.17 -14%

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Frequently asked questions

Is PT Digital Mediatama Maxima Tbk (DMMX) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of 161.75 IDR versus a price of 198.00 IDR, about −18% (overvalued).
What is the fair value of DMMX?
Our model-based fair value for PT Digital Mediatama Maxima Tbk is 161.75 IDR (as of Jul 15, 2026), built from audited fundamentals. The current price is 198.00 IDR.
What is the quality score of DMMX?
PT Digital Mediatama Maxima Tbk has a Quality Score of 62/100. 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 Digital Mediatama Maxima Tbk (DMMX)?
PT Digital Mediatama Maxima Tbk reported trailing-twelve-month revenue of about 578B IDR (latest available figure, as of Jul 15, 2026).
What is the net profit margin of DMMX?
The net profit margin of PT Digital Mediatama Maxima Tbk is about 10.4%, meaning it keeps roughly 10.4% of revenue as net income. Based on the latest reported figures.
Does PT Digital Mediatama Maxima Tbk pay a dividend?
PT Digital Mediatama Maxima Tbk currently shows a dividend yield of about 3.42% relative to its recent price (as of Jul 15, 2026).

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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