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PT Dharma Satya Nusantara Tbk (DSNG) Fair Value & Analysis

Consumer Defensive · ID · Market cap 12.9T IDR

PD PT Dharma Satya Nusantara Tbk DSNG · JK
Price1,380 IDR
Fair Value1,736 IDR
Upside+25.8%
Quality65/100
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Mixed Growth
Solidly profitable · 15.2% net margin
Low debt · generates free cash flow
Ranks above peers (11/15)
Wide moat 65/100
Evidence: High Range 833.66 IDR – 2,367 IDR Share as image

Fair value as of: Jul 17, 2026

From 24 valuation models · updated 23 days ago

Fair value updated Jul 17, 2026, revised from 3,342 IDR to 1,736 IDR (−48.1%) since Jun 25, 2026. Share price +20.5% over the past month.

A solid business, screening 26% undervalued on our models.

What matters now

  • The model range is unusually wide (833.66 IDR to 2,367 IDR). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (65/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

1,871 IDR 370.04 IDR Fair Value 1,736 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range 370.04 IDR – 1,871 IDR · fair‑value band 833.66 IDR – 2,367 IDR · the 1,380 IDR price screens below the 1,736 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

PT Dharma Satya Nusantara Tbk (DSNG) currently trades at 1,380 IDR, while our model-based Fair Value estimate is 1,736 IDR, implying the stock looks roughly 25.8% undervalued today. The Quality Score stands at 65/100 (solid quality), in the Consumer Defensive 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 Dharma Satya Nusantara Tbk generated revenue of 12.5T IDR at a net margin of 15.2%. Revenue grew 7.7% year over year. It earns a return on equity of 16.9%. Net debt stands at 3.5T IDR. Fundamentals as of Jul 17, 2026

Our scenario range runs from 833.66 IDR (bear case) to 2,367 IDR (bull case); at 1,380 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 33% below its 52-week high and 93% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 102% fair-value upside, at 26%, DSNG 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 BearBaseBull Evidence
Highest evidence
Growth DCF 988.68 IDR 2,009 IDR 3,867 IDR 80
Residual Income 1,195 IDR 1,574 IDR 5,071 IDR 76
Rev-Margin DCF 979.10 IDR 1,936 IDR 3,186 IDR 74
All 24 models by family
DCF Models
FCF DCF 997.10 IDR 2,099 IDR 4,134 IDR 38
Owner Earnings 1,077 IDR 2,250 IDR 4,415 IDR 31
5Y Revenue Exit 979.10 IDR 1,967 IDR 3,324 IDR 39
5Y EBITDA Exit 2,401 IDR 4,928 IDR 8,172 IDR 41
5Y P/E Exit 1,902 IDR 3,888 IDR 6,203 IDR 38
10Y Revenue Exit 932.88 IDR 1,894 IDR 3,399 IDR 36
10Y EBITDA Exit 1,946 IDR 4,127 IDR 7,592 IDR 37
10Y P/E Exit 1,605 IDR 3,342 IDR 5,889 IDR 35
Earnings-Based
Graham-Dodd 1,181 IDR 5,664 IDR 7,796 IDR 54
Lynch FV 1,511 IDR 2,158 IDR 2,806 IDR 50
PEG = 1.0 1,511 IDR 2,158 IDR 2,806 IDR 46
EPV 1,804 IDR 2,165 IDR 2,486 IDR 59
Multiples
P/E Multiple 2,735 IDR 3,646 IDR 4,558 IDR 63
P/S Multiple 1,394 IDR 1,859 IDR 2,324 IDR 58
P/B Multiple 2,214 IDR 2,952 IDR 3,690 IDR 55
EV/EBIT 3,174 IDR 4,313 IDR 5,452 IDR 53
EV/EBITDA 3,264 IDR 4,433 IDR 5,603 IDR 54
EV/Revenue 976.52 IDR 1,499 IDR 2,022 IDR 43
Asset-Based
NCAV (Graham) 541.55 IDR 725.68 IDR 1,083 IDR 50
Growth DCF
Growth DCF 988.68 IDR 2,009 IDR 3,867 IDR 80
Rev-Margin DCF 979.10 IDR 1,936 IDR 3,186 IDR 74
Economic Profit
Residual Income 1,195 IDR 1,574 IDR 5,071 IDR 76
ROIC Compounder 2,094 IDR 3,041 IDR 4,370 IDR 72
Growth Earnings
Growth-Adj P/E 2,363 IDR 3,375 IDR 4,388 IDR 68

Widest divergence: Growth Earnings (3,375 IDR) versus Asset-Based (725.68 IDR). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 12.5T IDR
Revenue growth (YoY) +7.7%
Net margin 15.2%
Return on equity 16.9%
Free cash flow 952B IDR FY2025
P/E ratio 6.8
More key figures
Operating margin 21.3%
EPS (TTM) 179.46 IDR
EPS growth (YoY) +16.9%
Net debt 3.5T IDR FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 65/100

Of which business quality 63 · Market factors (momentum, volatility) 40

Profitability 56
Margins and returns on capital today
Quality Growth 85
Are margins and returns improving?
Cashflow 47
Earnings quality: real cash, not paper profit
Fin. Strength 67
Balance sheet, leverage, solvency risk
Investment 48
Disciplined investing over empire-building
Low Volatility 55
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 39
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 Dharma Satya Nusantara Tbk operates in the palm oil and wood product business in Indonesia. It plants, produces, and sells palm oil products, including crude palm oil, palm kernel, and palm kernel oil.

Full company description

PT Dharma Satya Nusantara Tbk operates in the palm oil and wood product business in Indonesia. It plants, produces, and sells palm oil products, including crude palm oil, palm kernel, and palm kernel oil. It also provides various wood products, such as panels and engineered floors and doors; and produces compressed natural gas from palm oil mill effluent and biomass. It also exports its products. PT Dharma Satya Nusantara Tbk was founded in 1980 and is headquartered in Jakarta, Indonesia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Dharma Satya Nusantara Tbk reported revenue of 12.3T IDR in FY2025 versus 7.1T IDR in FY2021, a compound +14.7%/yr. Reported net income was 1.8T IDR in FY2025, compounding +26.1%/yr from FY2021.

Growth Quality 84/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
12.3T IDR
Latest YoY
+21.7%
Avg. growth/yr (3Y)
+8.5%
Avg. growth/yr (5Y)
+12.9%
Avg. growth/yr (15Y)
+13.9%
Revenue +14.7%/yr
FY21 7.1T IDR
FY22 9.6T IDR
FY23 9.5T IDR
FY24 10.1T IDR
FY25 12.3T IDR
Net income +26.1%/yr
FY21 727B IDR
FY22 1.2T IDR
FY23 840B IDR
FY24 1.1T IDR
FY25 1.8T IDR

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Cite: Fair Value Calculator (2026). "PT Dharma Satya Nusantara Tbk Fair Value". https://www.fairvalue-calculator.com/stock/DSNG

Peer Group

Farm Products · 291 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 65 · Top 25%
Fair Value upside +26% · Above median
Return on equity (TTM) 17% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 15% · Top 25%
Operating margin (TTM) 21% · Top 25%
Revenue growth 8% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.28× · Higher than median

Valuation Multiples vs Farm Products median · lower = cheaper

P/E (TTM) 6.8× · Cheaper than 75% of peers
P/B 1.12× · Pricier than median
P/S (TTM) 1.03× · Pricier than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 4.0× · Cheaper than median
PEG 0.19× · 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 68 · sector 26
FUTURE 39 · sector 21
PAST 67 · sector 17
HEALTH 86 · sector 94
DIVIDEND 0 · sector 38

Insider activity: 45/100

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 Farm Products stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Muyuan Foods Group 002714 ¥40.90 ¥48.19 +18%
Wens Foodstuff Group 300498 ¥14.51 ¥12.08 -17%
Mowi ASA MOWI kr 188.40 kr 262.59 +39%
PT Charoen Pokphand Indonesia Tbk, CPIN 3,120 IDR 7,076 IDR +127%
Charoen Pokphand Foods Public Company CPF 22.00 THB 55.71 THB +153%
PT Triputra Agro Persada Tbk TAPG 1,540 IDR 3,105 IDR +102%
PT FAP Agri Tbk FAPA 7,300 IDR 7,463 IDR +2%
PT Japfa Comfeed Indonesia Tbk JPFA 2,070 IDR 7,231 IDR +249%
Thaifoods Group TFGR 10.60 THB 23.53 THB +122%
PT Jhonlin Agro Raya Tbk JARR 1,845 IDR 610.80 IDR -67%

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Frequently asked questions

Is PT Dharma Satya Nusantara Tbk (DSNG) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 1,736 IDR versus a price of 1,380 IDR, about +26% (undervalued).
What is the fair value of DSNG?
Our model-based fair value for PT Dharma Satya Nusantara Tbk is 1,736 IDR (as of Jul 17, 2026), built from audited fundamentals. The current price is 1,380 IDR.
What is the quality score of DSNG?
PT Dharma Satya Nusantara Tbk has a Quality Score of 65/100. 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 Dharma Satya Nusantara Tbk (DSNG)?
PT Dharma Satya Nusantara Tbk reported trailing-twelve-month revenue of about 12.5T IDR (latest available figure, as of Jul 17, 2026).
What is the net profit margin of DSNG?
The net profit margin of PT Dharma Satya Nusantara Tbk is about 15.2%, meaning it keeps roughly 15.2% of revenue as net income. 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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