Bakrieland Development Tbk (ELTY) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Bakrieland Development Tbk stock IDR 43, price IDR 17, upside +150.0%, quality 52 out of 100. Rating: strongly undervalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
60‑month range 6.00 IDR – 99.00 IDR · fair‑value band 28.20 IDR – 60.33 IDR · the 17.00 IDR price screens below the 42.50 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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PT Bakrieland Development Tbk operates as an integrated property company in Indonesia. The company develops and sells urban properties, landed residential estates, office buildings, malls, commercial areas, hotels, and resorts, as well as theme parks and food courts.
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It also rents and manages offices, spaces, and courts; manages theme parks and recreation parks; operates and manages hotels; and real estate, advertising, promotion services, court facilities, management of sports facilities, fitness clubs, parking activities, arena facilities, building and industrial cleaning, private security, security system services, fixed-time labor provider, combined facility support service provider, general public services, garden care and maintenance, water pipeline installation, general building cleaning services, construction of accommodation buildings, highways, roads, hotels, villas, restaurants, cafes, tourism areas, educational buildings, offices, lodgings, entertainment and sports facilities, trading, investment, refinancing businesses, management of buildings, apartments, residential areas, shopping centers, land preparation, installation of waterways, food and beverage services, wireless telecommunication services.
The company was formerly known as PT Elang Realty Tbk and changed its name to PT Bakrieland Development Tbk in April 1997. PT Bakrieland Development Tbk was founded in 1990 and is headquartered in Jakarta, Indonesia.
Stock analysis
Bakrieland Development Tbk (ELTY) currently trades at 17.00 IDR, while our model-based Fair Value estimate is 42.50 IDR, implying the stock looks roughly 60% undervalued today.
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Valuation
How firm this estimate is: it rests on 6 models at a data quality of 88/100, which puts the data coverage at low.
Scenario range: 28.20 IDR (bear) to 60.33 IDR (bull), the price of 17.00 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 52/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Bakrieland Development Tbk reported revenue of 1.4T IDR in FY2025 versus 784B IDR in FY2021, a compound +16.1%/yr. Reported net income was −16.7B IDR in FY2025.
Key figures
Market cap 1.0T IDR (≈ $55.6M) Micro · P/S ratio 0.71 · EPS (TTM) −0.9200 IDR · Net margin −1.9% · Return on equity −0.8% · Return on assets (EBIT) −0.1% (5-year average) · Operating margin 6.1% · Revenue (TTM) 1.4T IDR.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 23 out of 100 (low confidence).
What moves the price
The share trades about 83% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −16% fair-value upside, at 150%, ELTY screens cheaper than that median.
Fair Value models
Bear28.20 IDRFair Value 42.50 IDRBull60.33 IDR
Price 17.00 IDR · Upside +150.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+16.2%
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.
+11.6%
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.
+18.3%
Start year 2020 (pandemic). Over 10 years: +0.2% a year
Revenue growth 23 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.
+18.2%
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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).
+28.2%
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 +24.9% a year for the price.
Compare Bakrieland Development Tbk with another stock
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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 · 472 stocks
Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score52 · Below median
Fair Value upside+150.0% · Top 25%
Profitability
Return on assets−0.2% · Bottom 25%
Net margin (12 months)−1.9% · Bottom 25%
Operating margin (12 months)6.1% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−1.3% · Below median
Balance sheet
Debt / equity0.05× · Below median
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). "Bakrieland Development Tbk Fair Value". https://www.fairvalue-calculator.com/stock/ELTY
Frequently asked questions
Is Bakrieland Development Tbk (ELTY) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 42.50 IDR versus a price of 17.00 IDR, about +150% upside (undervalued).
What is the fair value of ELTY?
Our model-based fair value for Bakrieland Development Tbk is 42.50 IDR (as of Nov 9, 2026), built from audited fundamentals. The current price: 17.00 IDR.
What is the quality score of ELTY?
Bakrieland Development Tbk has a Quality Score of 52/100. 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 Bakrieland Development Tbk (ELTY)?
Our model-based price target is the fair value of 42.50 IDR (as of Nov 9, 2026) from 6 valuation models. Cautious scenario 28.20 IDR, optimistic scenario 60.33 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Bakrieland Development Tbk stock forecast for 2026?
Our models put fair value at 42.50 IDR, about +150% upside versus a price of 17.00 IDR (undervalued). Cautious scenario 28.20 IDR, optimistic scenario 60.33 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Bakrieland Development Tbk (ELTY)?
Bakrieland Development Tbk reported trailing-twelve-month revenue of about 1.4T IDR (latest available figure, as of Nov 9, 2026).
What growth is priced into Bakrieland Development Tbk (ELTY)?
For today's price to be fair in a discounted-cash-flow model, Bakrieland Development Tbk would have to grow free cash flow by +28.2 % per year for five years (discount rate 13.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +18.3 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of ELTY use?
Our models discount Bakrieland Development Tbk at 13.5 %: a base by market capitalisation (micro), damped by beta 0.19, 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 Bakrieland Development Tbk that is +28.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.5 %) and the same formula as our fair value.
How much growth has Bakrieland Development Tbk (ELTY) delivered so far?
Over the past 5 years revenue at Bakrieland Development Tbk grew +18.3 % a year. The price currently implies free-cash-flow growth of +28.2 % per 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 Bakrieland Development Tbk (ELTY) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Bakrieland Development Tbk (+28.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Bakrieland Development Tbk (ELTY)?
The free-cash-flow yield on the price is 5.83 %: that much free cash flow Bakrieland Development Tbk produces per unit of market value. When it exceeds the discount rate of our models (13.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Bakrieland Development Tbk (ELTY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bakrieland Development Tbk it is 42.50 IDR per share (as of Nov 9, 2026), against a price of 17.00 IDR. It is the blended result of 6 valuation models in 3 families (DCF Models, Asset-Based, Growth DCF).
Is Bakrieland Development Tbk stock overvalued or undervalued in 2026?
As of Nov 9, 2026, ELTY trades below its calculated fair value: price 17.00 IDR, fair value 42.50 IDR, a gap of about +150% (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 ELTY?
No. The price is what the market pays today (17.00 IDR); the fair value is what the company's own numbers justify (42.50 IDR). For Bakrieland Development Tbk the two are 25.50 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Bakrieland Development Tbk worth?
The market values Bakrieland Development Tbk at about 1.0T IDR (market capitalisation, as of Nov 9, 2026). Per share that is 17.00 IDR; our models calculate a fair value of 42.50 IDR per share.
What do the bullish and bearish scenarios say about ELTY?
Our models span a range for Bakrieland Development Tbk: cautious scenario 28.20 IDR, base 42.50 IDR, optimistic 60.33 IDR per share (as of Nov 9, 2026, price 17.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of ELTY?
The PEG ratio of Bakrieland Development Tbk is 0.21 (P/E divided by earnings growth, as of Nov 9, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Bakrieland Development Tbk (ELTY)?
Balance-sheet figures for Bakrieland Development Tbk (as of Nov 9, 2026): return on equity −0.8%, debt of 0.05 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is ELTY from its 52-week high?
Bakrieland Development Tbk trades at 17.00 IDR, about 83% below its 52-week high of 99.00 IDR and at the low of 17.00 IDR (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 42.50 IDR is for.
Which stocks are comparable to Bakrieland Development Tbk?
From the same area (Real Estate) we also value CBRE Group, Cellnex Telecom, S.A, KE Holdings, Swire Properties Limited, 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 Bakrieland Development Tbk stock attractive at the current price?
The data as of Nov 9, 2026: price 17.00 IDR, calculated fair value 42.50 IDR (+150%), Quality Score 52/100, from 6 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 ELTY calculated?
We run Bakrieland Development Tbk through 6 models from 3 families: DCF Models, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of 42.50 IDR builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Bakrieland Development Tbk currently trades 60% 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 Bakrieland Development Tbk (ELTY)?
The closing price on Nov 9, 2026 was 17.00 IDR. Our model-based fair value is 42.50 IDR, about +150% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bakrieland Development Tbk right now?
The price is below even our cautious bear case (28.20 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 (52/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (28.20 IDR to 60.33 IDR) leaves room in how you read the outcome.
Key figures of Bakrieland Development Tbk
How large is the market capitalisation of Bakrieland Development Tbk (ELTY)?
The market capitalisation of Bakrieland Development Tbk is 1.0T IDR (≈ $55.6M). 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 Bakrieland Development Tbk (ELTY)?
The price-to-sales ratio of Bakrieland Development Tbk is 0.71 (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 Bakrieland Development Tbk (ELTY)?
Earnings per share at Bakrieland Development Tbk are −0.9200 IDR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Bakrieland Development Tbk (ELTY)?
The net margin of Bakrieland Development Tbk is −1.9% (last twelve months). 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 Bakrieland Development Tbk (ELTY)?
The return on equity (ROE) of Bakrieland Development Tbk is −0.8% (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 Bakrieland Development Tbk (ELTY)?
On an EBIT basis the return on assets of Bakrieland Development Tbk is −0.1% (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 Bakrieland Development Tbk (ELTY)?
The operating margin of Bakrieland Development Tbk is 6.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bakrieland Development Tbk (ELTY)?
Revenue at Bakrieland Development Tbk is growing −1.3% versus a year earlier (3y avg +11.6%). 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 Bakrieland Development Tbk (ELTY)?
Earnings per share at Bakrieland Development Tbk are growing +220% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Bakrieland Development Tbk (ELTY) carry?
The net debt of Bakrieland Development Tbk is 908B IDR (fiscal year 2025, ≈ 21.1 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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Thin data
Nov 9, 2026