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PT Bima Sakti Pertiwi Tbk (PAMG) Fair Value & Analysis

Real Estate · ID · Market cap 159B IDR

PB PT Bima Sakti Pertiwi Tbk PAMG · JK
Price59.00 IDR
Fair Value5.32 IDR
Upside-91.0%
Quality43/100
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Weak Growth
Loss-making · -1.0% net margin
Low debt · negative free cash flow
Trails peers (3/9)
Narrow moat 33/100
Evidence: Medium Range 3.99 IDR – 12.66 IDR Share as image

Fair value as of: Jul 19, 2026

From 7 valuation models · updated 22 days ago

Share price +15.7% over the past month.

Below-average quality, and screening another 91% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (12.66 IDR). The favourable scenario is already priced in.
  • Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The model range is unusually wide (3.99 IDR to 12.66 IDR). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • 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)

117.00 IDR 50.00 IDR Fair Value 5.32 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 50.00 IDR – 117.00 IDR · fair‑value band 3.99 IDR – 12.66 IDR · the 59.00 IDR price screens above the 5.32 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.

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Analysis

PT Bima Sakti Pertiwi Tbk (PAMG) currently trades at 59.00 IDR, while our model-based Fair Value estimate is 5.32 IDR, implying the stock looks roughly 91.0% overvalued today. The Quality Score stands at 43/100 (below-average 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: medium).

Over the trailing twelve months, PT Bima Sakti Pertiwi Tbk generated revenue of 48.5B IDR at a net margin of -1.0%. Revenue declined 10.3% year over year. It earns a return on equity of -0.1%. Net debt stands at 90.2B IDR. Fundamentals as of Jul 19, 2026

Our scenario range runs from 3.99 IDR (bear case) to 12.66 IDR (bull case); at 59.00 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 50% below its 52-week high and 18% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -30% fair-value upside, at -91%, PAMG 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 91.73 IDR 83.52 IDR 57.27 IDR 61
P/S Multiple 3.99 IDR 5.32 IDR 6.65 IDR 58
P/B Multiple 3.99 IDR 5.32 IDR 6.65 IDR 55
All 7 models by family
Multiples
P/S Multiple 3.99 IDR 5.32 IDR 6.65 IDR 58
P/B Multiple 3.99 IDR 5.32 IDR 6.65 IDR 55
EV/EBIT 14.49 IDR 28.00 IDR 41.51 IDR 53
EV/EBITDA 8.00 IDR 19.34 IDR 30.69 IDR 54
EV/Revenue 5.89 IDR 15.47 IDR 43
Asset-Based
NCAV (Graham) 68.76 IDR 92.13 IDR 137.51 IDR 50
Economic Profit
Residual Income 91.73 IDR 83.52 IDR 57.27 IDR 61

Widest divergence: Asset-Based (92.13 IDR) versus Multiples (5.89 IDR). Highest evidence: Residual Income (61).

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Key figures & financial health

Revenue (TTM) 48.5B IDR
Revenue growth (YoY) -10.3%
Net margin -1.0%
Return on equity -0.1%
Free cash flow −1.6B IDR FY2025
Operating margin 20.0%
More key figures
EPS (TTM) -2.99 IDR
EPS growth (YoY) -99.7%
Net debt 90.2B IDR FY2025

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

Quality Score breakdown

Overall quality 43/100

Of which business quality 40 · Market factors (momentum, volatility) 28

Profitability 12
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 6
Earnings quality: real cash, not paper profit
Fin. Strength 49
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 8
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 Bima Sakti Pertiwi Tbk operates as a property developer in Indonesia. The company operates through Developer and Estate segments. It engages in the rental of mall space and hotel building. The company was founded in 1980 and is based in Pekanbaru, Indonesia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Bima Sakti Pertiwi Tbk reported revenue of 50.1B IDR in FY2025 versus 47.3B IDR in FY2021, a compound +1.4%/yr. Reported net income was 978M IDR in FY2025.

Growth Quality 20/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
50.1B IDR
Latest YoY
−4.5%
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.
−3.0%
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.
+0.3%
Avg. growth/yr (9Y) 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.
−5.9%
Revenue +1.4%/yr
FY21 47.3B IDR
FY22 54.9B IDR
FY23 51.5B IDR
FY24 52.4B IDR
FY25 50.1B IDR
Net income
FY21 −10.5B IDR
FY22 −3.2B IDR
FY23 427M IDR
FY24 4.5B IDR
FY25 978M IDR

PAMG screens 91% overvalued. Compare with Swiss Prime Site AG →

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Cite: Fair Value Calculator (2026). "PT Bima Sakti Pertiwi Tbk Fair Value". https://www.fairvalue-calculator.com/stock/PAMG

Peer Group

Real Estate - Diversified · 137 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 −91% · Bottom 25%
Return on assets 1% · Below median
Net margin (TTM) -1% · Bottom 25%
Operating margin (TTM) 20% · Above median
Revenue growth -10% · Below median
Debt / equity 0.19× · Lower than median

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

EV/EBITDA 7.5× · Cheaper 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.

VALUE 0 · sector 46
FUTURE 0 · sector 32
PAST 0 · sector 17
HEALTH 91 · sector 75
DIVIDEND 0 · sector 45

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.

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

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Frequently asked questions

Is PT Bima Sakti Pertiwi Tbk (PAMG) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 5.32 IDR versus a price of 59.00 IDR, about −91% (overvalued).
What is the fair value of PAMG?
Our model-based fair value for PT Bima Sakti Pertiwi Tbk is 5.32 IDR (as of Jul 19, 2026), built from audited fundamentals. The current price is 59.00 IDR.
What is the quality score of PAMG?
PT Bima Sakti Pertiwi Tbk has a Quality Score of 43/100. 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 Bima Sakti Pertiwi Tbk (PAMG)?
PT Bima Sakti Pertiwi Tbk reported trailing-twelve-month revenue of about 48.5B IDR (latest available figure, as of Jul 19, 2026).
What is the net profit margin of PAMG?
The net profit margin of PT Bima Sakti Pertiwi Tbk is about -1.0%, 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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