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PT Sinar Eka Selaras Tbk (ERAL) Fair Value & Analysis

Consumer Cyclical · ID · Market cap 1.5T IDR

PS PT Sinar Eka Selaras Tbk ERAL · JK
Price308.00 IDR
Fair Value603.72 IDR
Upside+96.0%
Quality55/100
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Expensive Growth
Thin margins · 2.5% net margin
Low debt · negative free cash flow
Ranks above peers (11/13)
Narrow moat 40/100
Evidence: High Range 422.01 IDR – 785.44 IDR Share as image

Fair value as of: Jul 16, 2026

From 15 valuation models · updated 25 days ago

Share price +8.5% over the past month.

A solid business, screening 96% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (422.01 IDR). The market is more pessimistic than our downside scenario.
  • Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (422.01 IDR to 785.44 IDR) leaves room in how you read the outcome.
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Price vs Fair Value (3 years)

389.91 IDR 185.18 IDR Fair Value 603.72 IDR Aug 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

36‑month range 185.18 IDR – 389.91 IDR · fair‑value band 422.01 IDR – 785.44 IDR · the 308.00 IDR price screens below the 603.72 IDR fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

PT Sinar Eka Selaras Tbk (ERAL) currently trades at 308.00 IDR, while our model-based Fair Value estimate is 603.72 IDR, implying the stock looks roughly 96.0% undervalued today. The Quality Score stands at 55/100 (solid quality), in the Consumer Cyclical 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 Sinar Eka Selaras Tbk generated revenue of 6.8T IDR at a net margin of 2.5%. Revenue grew 24.2% year over year. It earns a return on equity of 9.8%. Net debt stands at 10.3B IDR. Fundamentals as of Jul 16, 2026

Our scenario range runs from 422.01 IDR (bear case) to 785.44 IDR (bull case); at 308.00 IDR, the current price sits below 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 25% below its 52-week high and 40% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -24% fair-value upside, at 96%, ERAL screens cheaper 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
Residual Income 297.55 IDR 331.57 IDR 573.97 IDR 76
ROIC Compounder 480.79 IDR 661.49 IDR 836.91 IDR 72
Gordon GGM 76.95 IDR 168.00 IDR 282.67 IDR 70
All 15 models by family
Earnings-Based
Graham-Dodd 221.58 IDR 1,545 IDR 2,169 IDR 54
Lynch FV 677.67 IDR 968.10 IDR 1,259 IDR 50
PEG = 1.0 677.67 IDR 968.10 IDR 1,259 IDR 46
EPV 399.86 IDR 464.81 IDR 522.55 IDR 59
Dividend Discount
Gordon GGM 76.95 IDR 168.00 IDR 282.67 IDR 70
DDM Multi-Stage 76.95 IDR 137.62 IDR 175.08 IDR 61
Multiples
P/E Multiple 537.65 IDR 716.87 IDR 896.09 IDR 63
P/S Multiple 415.46 IDR 553.94 IDR 692.43 IDR 58
P/B Multiple 415.46 IDR 553.94 IDR 692.43 IDR 55
EV/EBIT 660.78 IDR 870.45 IDR 1,080 IDR 53
EV/Revenue 455.77 IDR 637.48 IDR 819.20 IDR 43
Asset-Based
NCAV (Graham) 168.13 IDR 225.30 IDR 336.27 IDR 50
Economic Profit
Residual Income 297.55 IDR 331.57 IDR 573.97 IDR 76
ROIC Compounder 480.79 IDR 661.49 IDR 836.91 IDR 72
Growth Earnings
Growth-Adj P/E 848.58 IDR 1,212 IDR 1,576 IDR 68

Widest divergence: Growth Earnings (1,212 IDR) versus Dividend Discount (137.62 IDR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 6.8T IDR
Revenue growth (YoY) +24.2%
Net margin 2.5%
Return on equity 9.8%
Free cash flow −80.5B IDR FY2025
P/E ratio 8.6
More key figures
Operating margin 4.6%
EPS (TTM) 32.94 IDR
EPS growth (YoY) +4.4%
Net debt 10.3B IDR FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 55 · Market factors (momentum, volatility) 45

Profitability 54
Margins and returns on capital today
Quality Growth 77
Are margins and returns improving?
Cashflow 13
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 31
Disciplined investing over empire-building
Low Volatility 72
Calm price path (market factor)
Momentum 31
Price trend over the last 3–12 months (market factor)
52W Momentum 38
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 Sinar Eka Selaras Tbk distributes and retails lifestyle products and solutions of various brands in Indonesia. The company operates through Accessories, IoT and Others; Cellular Phones and Tablets; Computer & Other Electronic Devices; Fashion Apparel; and Automotive segments.

Full company description

PT Sinar Eka Selaras Tbk distributes and retails lifestyle products and solutions of various brands in Indonesia. The company operates through Accessories, IoT and Others; Cellular Phones and Tablets; Computer & Other Electronic Devices; Fashion Apparel; and Automotive segments. Its accessory products include casings and covers, earphones, chargers, data cables, power banks, protective skins, consoles, game accessories, and other peripherals; and IoT products comprise smart home appliances, such as robots, vacuum cleaners, smart air purifiers, smart CCTVs, smart door locks, etc., as well as smart watches, handheld navigation systems, electric scooters, Bluetooth speakers, and drones. The company also offers sneakers, running shoes, polo shirts, sports t-shirts and trousers, soccer equipment, hats, backpacks, and other products, as well as private label products. In addition, it engages in the assembling of automobiles and the battery for electricity motor vehicles. PT Sinar Eka Selaras Tbk was founded in 2009 and is headquartered in Jakarta Barat, Indonesia. PT Sinar Eka Selaras Tbk operates as a subsidiary of PT Erajaya Swasembada Tbk.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Sinar Eka Selaras Tbk reported revenue of 6.5T IDR in FY2025 versus 2.2T IDR in FY2021, a compound +31.2%/yr. Reported net income was 169B IDR in FY2025, compounding −2.5%/yr from FY2021.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
6.5T IDR
Latest YoY
+34.1%
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.
+28.8%
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.
+26.9%
Revenue +31.2%/yr
FY21 2.2T IDR
FY22 3.0T IDR
FY23 3.7T IDR
FY24 4.8T IDR
FY25 6.5T IDR
Net income −2.5%/yr
FY21 187B IDR
FY22 184B IDR
FY23 211B IDR
FY24 201B IDR
FY25 169B IDR

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Cite: Fair Value Calculator (2026). "PT Sinar Eka Selaras Tbk Fair Value". https://www.fairvalue-calculator.com/stock/ERAL

Peer Group

Specialty Retail · 221 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 55 · Below median
Fair Value upside +96% · Top 25%
Return on equity (TTM) 10% · Above median
Return on assets 5% · Above median
Net margin (TTM) 3% · Above median
Operating margin (TTM) 5% · Above median
Revenue growth 24% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Specialty Retail median · lower = cheaper

P/E (TTM) 8.6× · Cheaper than 75% of peers
P/B 0.84× · Cheaper than median
P/S (TTM) 0.21× · Cheaper than median
EV/EBITDA 3.8× · 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 100 · sector 29
FUTURE 100 · sector 23
PAST 39 · sector 27
HEALTH 100 · sector 94
DIVIDEND 0 · sector 51

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 Specialty Retail stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Casey's General Stores, Inc CASY $827.04 $405.44 -51%
Williams-Sonoma, Inc WSM $222.84 $164.16 -26%
Ulta Beauty, Inc ULTA $479.57 $488.39 +2%
DICK'S Sporting Goods, Inc DKS $208.89 $181.10 -13%
Best Buy Co BBY $83.98 $109.12 +30%
China Tourism Group 601888 ¥52.90 ¥40.40 -24%
Tractor Supply Company TSCO $31.01 $35.52 +15%
Murphy USA Inc MUSA $618.57 $423.35 -32%
Five Below, Inc FIVE $197.71 $117.29 -41%
Taiwan Mobile Co 3045 110.50 TWD 80.98 TWD -27%

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Frequently asked questions

Is PT Sinar Eka Selaras Tbk (ERAL) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 603.72 IDR versus a price of 308.00 IDR, about +96% (undervalued).
What is the fair value of ERAL?
Our model-based fair value for PT Sinar Eka Selaras Tbk is 603.72 IDR (as of Jul 16, 2026), built from audited fundamentals. The current price is 308.00 IDR.
What is the quality score of ERAL?
PT Sinar Eka Selaras Tbk has a Quality Score of 55/100. 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 Sinar Eka Selaras Tbk (ERAL)?
PT Sinar Eka Selaras Tbk reported trailing-twelve-month revenue of about 6.8T IDR (latest available figure, as of Jul 16, 2026).
What is the net profit margin of ERAL?
The net profit margin of PT Sinar Eka Selaras Tbk is about 2.5%, meaning it keeps roughly 2.5% 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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