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PT Andalan Perkasa Abadi Tbk, (NASA) Fair Value & Analysis

Real Estate · ID · Market cap 319B IDR

PA PT Andalan Perkasa Abadi Tbk, NASA · JK
Price30.00 IDR
Fair Value10.13 IDR
Upside-66.2%
Quality50/100
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Weak Growth
Highly profitable · 23.3% net margin
Low debt · negative free cash flow
Trails peers (4/11)
Narrow moat 34/100
Evidence: High Range 8.91 IDR – 11.34 IDR Share as image

Fair value as of: Jul 19, 2026

From 7 valuation models · updated 22 days ago

Share price −3.2% over the past month.

A solid business, but screening 66% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (11.34 IDR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

120.00 IDR 8.00 IDR Fair Value 10.13 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range 8.00 IDR – 120.00 IDR · fair‑value band 8.91 IDR – 11.34 IDR · the 30.00 IDR price screens above the 10.13 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

Full chart & analysis →

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Analysis

PT Andalan Perkasa Abadi Tbk, (NASA) currently trades at 30.00 IDR, while our model-based Fair Value estimate is 10.13 IDR, implying the stock looks roughly 66.2% overvalued today. The Quality Score stands at 50/100 (solid quality), in the Real Estate 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 Andalan Perkasa Abadi Tbk, generated revenue of 7.8B IDR at a net margin of 23.3%. Revenue declined 72.0% year over year. It earns a return on equity of 0.2%. The balance sheet holds a net cash position of 66.8B IDR. Fundamentals as of Jul 19, 2026

Our scenario range runs from 8.91 IDR (bear case) to 11.34 IDR (bull case); at 30.00 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 58% below its 52-week high and 114% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 32% fair-value upside, at -66%, NASA 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
Residual Income 67.53 IDR 62.06 IDR 44.02 IDR 61
P/S Multiple 4.33 IDR 5.78 IDR 7.22 IDR 58
P/B Multiple 4.51 IDR 6.01 IDR 7.51 IDR 55
All 7 models by family
Multiples
P/S Multiple 4.33 IDR 5.78 IDR 7.22 IDR 58
P/B Multiple 4.51 IDR 6.01 IDR 7.51 IDR 55
EV/EBIT 11.22 IDR 12.94 IDR 14.65 IDR 53
EV/EBITDA 10.64 IDR 12.16 IDR 13.68 IDR 54
EV/Revenue 8.91 IDR 10.13 IDR 11.34 IDR 43
Asset-Based
NCAV (Graham) 49.63 IDR 66.50 IDR 99.25 IDR 50
Economic Profit
Residual Income 67.53 IDR 62.06 IDR 44.02 IDR 61

Widest divergence: Asset-Based (66.50 IDR) versus Multiples (10.13 IDR). Highest evidence: Residual Income (61).

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Key figures & financial health

Revenue (TTM) 7.8B IDR
Revenue growth (YoY) -72.0%
Net margin 23.3%
Return on equity 0.2%
Free cash flow −1.1B IDR FY2025
P/E ratio 212.5
More key figures
Operating margin -130%
EPS (TTM) 0.1600 IDR
EPS growth (YoY) -7.8%
Net cash 66.8B IDR FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 50/100

Of which business quality 47 · Market factors (momentum, volatility) 51

Profitability 28
Margins and returns on capital today
Quality Growth 20
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 99
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 45
Price trend over the last 3–12 months (market factor)
52W Momentum 63
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 Andalan Perkasa Abadi Tbk, together with its subsidiaries, builds and manages properties in Indonesia. It operates through Hotels and Real Estate segments. The company's property portfolio consists of apartments and villas. It also operates hotels; leases villas; and sells plots.

Full company description

PT Andalan Perkasa Abadi Tbk, together with its subsidiaries, builds and manages properties in Indonesia. It operates through Hotels and Real Estate segments. The company's property portfolio consists of apartments and villas. It also operates hotels; leases villas; and sells plots. The company was formerly known as PT Ayana Land International and changed its name to PT Andalan Perkasa Abadi Tbk in September 2020. PT Andalan Perkasa Abadi Tbk was founded in 2014 and is headquartered in Badung, Indonesia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Andalan Perkasa Abadi Tbk, reported revenue of 9.8B IDR in FY2025 versus 4.2B IDR in FY2021, a compound +23.3%/yr. Reported net income was 3.9B IDR in FY2025.

Growth Quality 11/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
9.8B IDR
Latest YoY
−36.7%
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.
−11.8%
Avg. growth/yr (11Y) 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.
+30.3%
Revenue +23.3%/yr
FY21 4.2B IDR
FY22 14.3B IDR
FY23 14.9B IDR
FY24 15.5B IDR
FY25 9.8B IDR
Net income
FY21 −4.9B IDR
FY22 −280M IDR
FY23 6.3B IDR
FY24 7.8B IDR
FY25 3.9B IDR
Character of growth · EPS growth decomposed (2014-2025) +42.8 % p.a.
Revenue per share +37.9 pp

of which total revenue +44.3 pp · buybacks/dilution −6.4 pp

EBIT margin +1.9 pp
Tax rate +1.4 pp
Residual (interest, one-offs) +1.7 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

NASA screens 66% overvalued. Compare with DLF Limited →

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Cite: Fair Value Calculator (2026). "PT Andalan Perkasa Abadi Tbk, Fair Value". https://www.fairvalue-calculator.com/stock/NASA

Peer Group

Real Estate - Development · 588 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 50 · Above median
Fair Value upside −66% · Bottom 25%
Return on equity (TTM) 0% · Below median
Return on assets 0% · Below median
Net margin (TTM) 23% · Top 25%
Operating margin (TTM) -130% · Bottom 25%
Revenue growth -72% · Bottom 25%

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/E (TTM) 181.3× · Pricier than 75% of peers
P/B 0.29× · Cheaper than median
P/S (TTM) 40.71× · Pricier 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 0 · sector 48
FUTURE 0 · sector 0
PAST 1 · sector 10
HEALTH 100 · sector 84
DIVIDEND 0 · sector 38

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
DLF Limited DLF ₹657.75 ₹159.49 -76%
Lodha Developers Limited LODHA ₹1,188 ₹583.43 -51%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,125 IDR 1,330 IDR -78%
Oberoi Realty Limited OBEROIRLTY ₹1,925 ₹1,183 -39%
Godrej Properties Limited GODREJPROP ₹2,102 ₹1,044 -50%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 1,674 IDR +55%
PT Bumi Serpong Damai Tbk, BSDE 555.00 IDR 1,388 IDR +150%
PT Sentul City Tbk, BKSL 64.00 IDR 84.16 IDR +32%
PT Ciputra Development Tbk, CTRA 555.00 IDR 1,388 IDR +150%
PT Duta Pertiwi Tbk DUTI 4,100 IDR 6,239 IDR +52%

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Frequently asked questions

Is PT Andalan Perkasa Abadi Tbk, (NASA) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 10.13 IDR versus a price of 30.00 IDR, about −66% (overvalued).
What is the fair value of NASA?
Our model-based fair value for PT Andalan Perkasa Abadi Tbk, is 10.13 IDR (as of Jul 19, 2026), built from audited fundamentals. The current price is 30.00 IDR.
What is the quality score of NASA?
PT Andalan Perkasa Abadi Tbk, has a Quality Score of 50/100. 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 Andalan Perkasa Abadi Tbk, (NASA)?
PT Andalan Perkasa Abadi Tbk, reported trailing-twelve-month revenue of about 7.8B IDR (latest available figure, as of Jul 19, 2026).
What is the net profit margin of NASA?
The net profit margin of PT Andalan Perkasa Abadi Tbk, is about 23.3%, meaning it keeps roughly 23.3% 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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