Nusantara Almazia (NZIA) fair value: what the stock is really worth
As of Oct 14, 2026: fair value of Nusantara Almazia IDR 13, price IDR 139, upside -90.7%, quality 33 out of 100. Calculated from audited financials with 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, dashed = 300-day average. As of Oct 4, 2026.
How to read this chart
60‑month range 50.00 IDR – 380.00 IDR · fair‑value band 5.12 IDR – 21.84 IDR · the 139.00 IDR price screens above the 12.96 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 4, 2026.
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PT Nusantara Almazia Tbk engages in the property development business in Indonesia. It develops residential property for the lower middle-class society; and apartments. The company was founded in 2007 and is headquartered in Karawang, Indonesia.
Stock analysis
Nusantara Almazia (NZIA) currently trades at 139.00 IDR, while our model-based Fair Value estimate is 12.96 IDR, 90.7% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 13.37 IDR per share, and 1 of the 7 models we run sit above the 139.00 IDR price.
Bear case: the Multiples group reads lowest at 7.55 IDR, and 6 of the 7 models stay below the price. Data coverage for this calculation is low.
Scenario range: 5.12 IDR (bear) to 21.84 IDR (bull), the price of 139.00 IDR sits above 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 33/100 (below-average quality), in the Real Estate sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Nusantara Almazia reported revenue of 53.6B IDR in FY2025 versus 100B IDR in FY2021, a compound −14.5%/yr. Reported net income was −13.7B IDR in FY2025.
Key figures
Market cap 558B IDR (≈ $31.2M) · P/E ratio 105.7 · P/S ratio 6.91 · EPS (TTM) 1.32 IDR · Net margin −25.5% · Return on equity −2.7% · Return on assets (EBIT) −0.3% · Operating margin 8.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 19 out of 100 (low confidence).
What moves the price
The share trades about 55% below its 52-week high and 58% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 4% fair-value upside, at −91%, NZIA screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (7.55 IDR to 140.83 IDR). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear5.12 IDRFair Value 12.96 IDRBull21.84 IDR
Price 139.00 IDR · Upside -90.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (1.04 IDR per share) are deliberately not added.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.23/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−15.8%
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.
−14.1%
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.
−7.8%
Start year 2020 (pandemic)
Revenue growth 9 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.
−12.2%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
8.5% (2020) → −17.3% (2025)
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).
+47.8%
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 +44.0% a year for the price.
Price, fair value, quality and upside side by side.
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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 - Development · 578 stocks
Beats the industry median on 2/8 measures
Overall it trails its industry peers.
Valuation
Quality Score33 · Bottom 25%
Fair Value upside−90.7% · Bottom 25%
Profitability
Return on assets−2.4% · Bottom 25%
Net margin (12 months)−29.6% · Bottom 25%
Operating margin (12 months)8.4% · Below median
Growth and dividend
Revenue growth25.0% · Above median
Balance sheet
Debt / equity0.14× · Below median
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
P/E (12 months)105.7× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 66
FUTURE (revenue growth)100· sector 0
PAST (return on equity)0· sector 11
HEALTH (low debt)93· sector 84
DIVIDEND (yield)0· sector 57
VALUE 0: the price sits above our fair-value range.
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). "Nusantara Almazia Fair Value". https://www.fairvalue-calculator.com/stock/NZIA
Frequently asked questions
Is Nusantara Almazia (NZIA) overvalued or undervalued?
As of Oct 4, 2026, our model estimates a fair value of 12.96 IDR versus a price of 139.00 IDR, about −91% upside (overvalued).
What is the fair value of NZIA?
Our model-based fair value for Nusantara Almazia is 12.96 IDR (as of Oct 4, 2026), built from audited fundamentals. The current price: 139.00 IDR.
What is the quality score of NZIA?
Nusantara Almazia has a Quality Score of 33/100. 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 Nusantara Almazia (NZIA)?
Our model-based price target is the fair value of 12.96 IDR (as of Oct 4, 2026) from 7 valuation models. Cautious scenario 5.12 IDR, optimistic scenario 21.84 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Nusantara Almazia stock forecast for 2026?
Our models put fair value at 12.96 IDR, about −91% upside versus a price of 139.00 IDR (overvalued). Cautious scenario 5.12 IDR, optimistic scenario 21.84 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Nusantara Almazia (NZIA)?
Nusantara Almazia reported trailing-twelve-month revenue of about 45.8B IDR (latest available figure, as of Oct 4, 2026).
What growth is priced into Nusantara Almazia (NZIA)?
For today's price to be fair in a discounted-cash-flow model, Nusantara Almazia would have to grow free cash flow by +47.8 % per year for five years (discount rate 11.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -7.9 % per year. As of Oct 4, 2026.
What discount rate (WACC) does the fair value of NZIA use?
Our models discount Nusantara Almazia at 11.2 %: a base by market capitalisation (nano), damped by beta 0.74, 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 Nusantara Almazia that is +47.8 % per year a year over ten years, using the same discount rate (11.2 %) and the same formula as our fair value.
How much growth has Nusantara Almazia (NZIA) delivered so far?
Over the past 5 years revenue at Nusantara Almazia grew -7.9 % a year. The price currently implies +47.8 % per year free-cash-flow growth a 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 Nusantara Almazia (NZIA) growing?
The median revenue growth in the sector is +2.3 % a year. That is the yardstick for the growth priced into Nusantara Almazia (+47.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Nusantara Almazia (NZIA)?
The free-cash-flow yield on the price is 1.05 %: that much free cash flow Nusantara Almazia produces per unit of market value. When it exceeds the discount rate of our models (11.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Nusantara Almazia (NZIA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nusantara Almazia it is 12.96 IDR per share (as of Oct 4, 2026), against a price of 139.00 IDR. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is Nusantara Almazia stock overvalued or undervalued in 2026?
As of Oct 4, 2026, NZIA trades above its calculated fair value: price 139.00 IDR, fair value 12.96 IDR, a gap of about −91% (overvalued). 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 NZIA?
No. The price is what the market pays today (139.00 IDR); the fair value is what the company's own numbers justify (12.96 IDR). For Nusantara Almazia the two are 126.04 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Nusantara Almazia worth?
The market values Nusantara Almazia at about 558B IDR (market capitalisation, as of Oct 4, 2026). Per share that is 139.00 IDR; our models calculate a fair value of 12.96 IDR per share.
What do the bullish and bearish scenarios say about NZIA?
Our models span a range for Nusantara Almazia: cautious scenario 5.12 IDR, base 12.96 IDR, optimistic 21.84 IDR per share (as of Oct 4, 2026, price 139.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NZIA?
Nusantara Almazia trades at a price-to-earnings ratio of 105.7 (as of Oct 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 12.96 IDR is built from several models across several years.
How solid is the balance sheet of Nusantara Almazia (NZIA)?
Balance-sheet figures for Nusantara Almazia (as of Oct 4, 2026): return on equity −2.7%, debt of 0.14 per unit of equity. They feed the Quality Score of 33/100, which measures business quality independently of the share price.
How far is NZIA from its 52-week high?
Nusantara Almazia trades at 139.00 IDR, about 55% below its 52-week high of 310.00 IDR and 58% above the low of 88.00 IDR (as of Oct 14, 2026). Distance from the high says nothing about value: that is what the fair value of 12.96 IDR is for.
Which stocks are comparable to Nusantara Almazia?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, Vinhomes Joint Stock Company, CK Asset Holdings, Hongkong Land Holdings, 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 Nusantara Almazia stock attractive at the current price?
The data as of Oct 4, 2026: price 139.00 IDR, calculated fair value 12.96 IDR (−91%), Quality Score 33/100, from 7 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 NZIA calculated?
We run Nusantara Almazia through 7 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 12.96 IDR, 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 14.7 % above its aggregate fair value. Nusantara Almazia itself currently trades above fair value. 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 Nusantara Almazia (NZIA)?
The closing price on Oct 14, 2026 was 139.00 IDR. Our model-based fair value is 12.96 IDR, about −91% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nusantara Almazia right now?
The price sits above even our optimistic bull case (21.84 IDR). The favourable scenario is already priced in. Weak quality (33/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide (5.12 IDR to 21.84 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.
Key figures of Nusantara Almazia
How large is the market capitalisation of Nusantara Almazia (NZIA)?
The market capitalisation of Nusantara Almazia is 558B IDR (≈ $31.2M). 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 Nusantara Almazia (NZIA)?
The price-to-sales ratio of Nusantara Almazia is 6.91 (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 Nusantara Almazia (NZIA)?
Earnings per share at Nusantara Almazia are 1.32 IDR (price ÷ EPS = P/E 105.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Nusantara Almazia (NZIA)?
The net margin of Nusantara Almazia is −25.5% (fiscal year 2025). 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 Nusantara Almazia (NZIA)?
The return on equity (ROE) of Nusantara Almazia is −2.7% (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 Nusantara Almazia (NZIA)?
On an EBIT basis the return on assets of Nusantara Almazia is −0.3% (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 Nusantara Almazia (NZIA)?
The operating margin of Nusantara Almazia is 8.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Nusantara Almazia (NZIA)?
Revenue at Nusantara Almazia is growing +25.0% versus a year earlier (3y avg −14.1%). 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 Nusantara Almazia (NZIA)?
Earnings per share at Nusantara Almazia are growing −86.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Nusantara Almazia (NZIA) carry?
The net debt of Nusantara Almazia is 43.0B IDR (fiscal year 2025, ≈ 7.3 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
Oct 4, 2026