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Menteng Heritage Realty Tbk PT (HRME) Fair Value & Analysis

Consumer Cyclical · ID · Market cap 238B IDR (≈ $23.8M) · ISIN ID1000148505

MH Menteng Heritage Realty Tbk PT HRME · JK
Price39.00 IDR
Fair Value17.71 IDR
Upside-54.6%
Quality45/100
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Risks

!Trades 120% ABOVE our fair value of 17.71 IDR
!Expensive Growth (revenue 5y +17.3 %/yr)
!Loss-making · -16.8% net margin
!Low debt · negative free cash flow
Expensive Growth (revenue 5y +17.3 %/yr)
Loss-making · -16.8% net margin
Low debt · negative free cash flow
Trails peers (3/8)
Narrow moat 25/100
Evidence: Low Range 6.86 IDR – 28.55 IDR Share as image

Fair value as of: Aug 30, 2026

From 6 valuation models · updated today

Share price −2.5% over the past month.

Below-average quality, and trading another 120% above our fair value.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The price sits above even our optimistic bull case (28.55 IDR). The favourable scenario is already priced in.
  • The model range is unusually wide (6.86 IDR to 28.55 IDR). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • 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 but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

72.00 IDR 17.00 IDR Fair Value 17.71 IDR Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 30, 2026.

How to read this chart

60‑month range 17.00 IDR – 72.00 IDR · fair‑value band 6.86 IDR – 28.55 IDR · the 39.00 IDR price screens above the 17.71 IDR fair value. Dashed = 300-day average. As of Aug 30, 2026.

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Analysis

Menteng Heritage Realty Tbk PT (HRME) currently trades at 39.00 IDR, while our model-based Fair Value estimate is 17.71 IDR, implying the stock looks roughly 54.6% overvalued today. The Quality Score stands at 45/100 (below-average quality), in the Consumer Cyclical 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: low).

Over the trailing twelve months, Menteng Heritage Realty Tbk PT generated revenue of 185B IDR at a net margin of -8.4%. It earns a return on equity of -2.8%. Net debt stands at 153B IDR. Fundamentals as of Aug 30, 2026

Our scenario range runs from 6.86 IDR (bear case) to 28.55 IDR (bull case); at 39.00 IDR, the current price sits above 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 46% below its 52-week high and 95% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -63% fair-value upside, at -55%, HRME 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
ROIC Compounder 12.75 IDR 13.32 IDR 13.83 IDR 72
EPV 12.75 IDR 13.32 IDR 13.83 IDR 59
EV/EBITDA 42.04 IDR 52.89 IDR 63.73 IDR 54
All 6 models by family
Earnings-Based
EPV 12.75 IDR 13.32 IDR 13.83 IDR 59
Multiples
EV/EBIT 14.37 IDR 16.00 IDR 17.63 IDR 53
EV/EBITDA 42.04 IDR 52.89 IDR 63.73 IDR 54
EV/Revenue 12.78 IDR 14.19 IDR 15.60 IDR 43
Asset-Based
NCAV (Graham) 45.89 IDR 61.50 IDR 91.79 IDR 50
Economic Profit
ROIC Compounder 12.75 IDR 13.32 IDR 13.83 IDR 72

Widest divergence: Asset-Based (61.50 IDR) versus Earnings-Based (13.32 IDR). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

P/S ratio 1.54 TTM
EPS (TTM) -1.02 IDR
Net margin -5.8% FY2025
Return on equity -2.8% TTM
Return on assets (EBIT) 0.4% avg 5y
Operating margin -6.0% TTM
More key figures
Growth
Revenue (TTM) 185B IDR TTM
Revenue growth (YoY) +300% 3y avg +6.8%
Balance sheet & cash flow
Free cash flow −29.4B IDR FY2025
Net debt 153B IDR FY2025

Figures from reported company fundamentals · as of Aug 30, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 45/100

Of which business quality 43 · Market factors (momentum, volatility) 35

Profitability 8
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 43
Balance sheet, leverage, solvency risk
Investment 75
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 30
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

PT Menteng Heritage Realty Tbk, together with its subsidiaries, owns and operates hotels in Indonesia. The company owns The Hermitage, a hotel located in Menteng, Central Jakarta. It is also involved in investment; and sea transportation businesses, as well as provides barge charter services.

Full company description

PT Menteng Heritage Realty Tbk, together with its subsidiaries, owns and operates hotels in Indonesia. The company owns The Hermitage, a hotel located in Menteng, Central Jakarta. It is also involved in investment; and sea transportation businesses, as well as provides barge charter services. The company was formerly known as PT Citra Prestasi Abadi and changed its name to PT Menteng Heritage Realty Tbk in October 2007. PT Menteng Heritage Realty Tbk was founded in 2007 and is based in Jakarta Pusat, Indonesia. PT Menteng Heritage Realty Tbk is a subsidiary of PT Wijaya Wisesa Realty.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Menteng Heritage Realty Tbk PT reported revenue of 105B IDR in FY2025 versus 66.4B IDR in FY2021, a compound +12.1%/yr. Reported net income was −6.1B IDR in FY2025.

Growth Quality 38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
105B IDR
Latest YoY
−10.5%
Avg. revenue 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.
+6.8%
Avg. revenue 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.
+17.3%
Avg. revenue growth/yr (10Y) 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.
+12.1%
Value creation/yr 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
Revenue +12.1%/yr
FY21 66.4B IDR
FY22 86.2B IDR
FY23 110B IDR
FY24 117B IDR
FY25 105B IDR
Net income
FY21 −29.5B IDR
FY22 −22.7B IDR
FY23 −23.7B IDR
FY24 −104B IDR
FY25 −6.1B IDR

HRME screens 55% overvalued. Compare with Marriott International, Inc →

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Cite: Fair Value Calculator (2026). "Menteng Heritage Realty Tbk PT Fair Value". https://www.fairvalue-calculator.com/stock/HRME

Peer Group

Lodging · 171 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 45 · Below median
Fair Value upside −55% · Below median
Return on assets -1% · Bottom 25%
Net margin (TTM) -17% · Bottom 25%
Operating margin (TTM) 17% · Above median
Revenue growth 300% · Top 25%
Debt / equity 0.04× · Lower 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE100 · sector 25
PAST0 · sector 11
HEALTH98 · sector 91
DIVIDEND0 · sector 25

VALUE 0: the price sits above our fair-value range.

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

Similar stocks

10 more Lodging stocks, each showing price versus our Fair Value estimate (as of Aug 30, 2026).

Stock Price Fair Value vs Fair Value
Marriott International, Inc MAR $358.67 $132.35 -63%
Hilton Worldwide Holdings HLT $332.56 $122.07 -63%
InterContinental Hotels Group IHG $161.82 $85.18 -47%
Hyatt Hotels Corporation H $178.37 $46.78 -74%
H World Group HTHT $41.25 $47.78 +16%
Accor SA AC €46.65 €36.87 -21%
The Indian Hotels Company INDHOTEL ₹723.35 ₹253.67 -65%
Wyndham Hotels & Resorts, Inc WH $74.02 $23.55 -68%
Hanjin Kal, 180640 118,200 KRW 36,890 KRW -69%
Choice Hotels International, Inc CHH $105.54 $61.72 -42%

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Frequently asked questions

Is Menteng Heritage Realty Tbk PT (HRME) overvalued or undervalued?
As of Aug 30, 2026, our model estimates a fair value of 17.71 IDR versus a price of 39.00 IDR, about −55% (overvalued).
What is the fair value of HRME?
Our model-based fair value for Menteng Heritage Realty Tbk PT is 17.71 IDR (as of Aug 30, 2026), built from audited fundamentals. The current price: 39.00 IDR.
What is the quality score of HRME?
Menteng Heritage Realty Tbk PT has a Quality Score of 45/100. 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 Menteng Heritage Realty Tbk PT (HRME)?
Menteng Heritage Realty Tbk PT reported trailing-twelve-month revenue of about 185B IDR (latest available figure, as of Aug 30, 2026).
What is the net profit margin of HRME?
The net profit margin of Menteng Heritage Realty Tbk PT is about -8.4%, meaning it is currently running at a net loss. 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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