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PT Pudjiadi and Sons Tbk (PNSE) Fair Value & Analysis

Consumer Cyclical · ID · Market cap 399B IDR

PP PT Pudjiadi and Sons Tbk PNSE · JK
Price486.00 IDR
Fair Value239.51 IDR
Upside-50.7%
Quality53/100
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Mixed Growth
Loss-making · -5.6% net margin
Low debt · generates free cash flow
Trails peers (3/10)
Narrow moat 17/100
Evidence: Medium Range 183.97 IDR – 295.05 IDR Share as image

Fair value as of: Jul 18, 2026

From 15 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from 373.31 IDR to 239.51 IDR (−35.8%) since Jun 24, 2026. Share price −2.8% over the past month.

A solid business, but screening 51% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (295.05 IDR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

1,459 IDR 335.83 IDR Fair Value 239.51 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range 335.83 IDR – 1,459 IDR · fair‑value band 183.97 IDR – 295.05 IDR · the 486.00 IDR price screens above the 239.51 IDR fair value. Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

PT Pudjiadi and Sons Tbk (PNSE) currently trades at 486.00 IDR, while our model-based Fair Value estimate is 239.51 IDR, implying the stock looks roughly 50.7% overvalued today. The Quality Score stands at 53/100 (solid 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: medium).

Over the trailing twelve months, PT Pudjiadi and Sons Tbk generated revenue of 223B IDR at a net margin of -5.6%. Revenue declined 9.0% year over year. It earns a return on equity of -2.7%. The balance sheet holds a net cash position of 13.8B IDR. Fundamentals as of Jul 18, 2026

Our scenario range runs from 183.97 IDR (bear case) to 295.05 IDR (bull case); at 486.00 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 55% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 11% fair-value upside, at -51%, PNSE 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
Growth DCF 726.23 IDR 1,025 IDR 1,458 IDR 80
Rev-Margin DCF 349.05 IDR 435.75 IDR 534.49 IDR 74
ROIC Compounder 133.73 IDR 147.96 IDR 169.97 IDR 72
All 15 models by family
DCF Models
FCF DCF 705.52 IDR 1,027 IDR 1,513 IDR 38
5Y Revenue Exit 349.05 IDR 424.33 IDR 509.68 IDR 39
5Y EBITDA Exit 433.15 IDR 575.04 IDR 729.49 IDR 41
10Y Revenue Exit 467.74 IDR 560.95 IDR 665.20 IDR 36
10Y EBITDA Exit 525.07 IDR 665.58 IDR 830.21 IDR 37
Earnings-Based
EPV 133.73 IDR 147.79 IDR 160.28 IDR 59
Dividend Discount
Gordon GGM 4.81 IDR 9.12 IDR 15.36 IDR 70
DDM Multi-Stage 4.81 IDR 7.37 IDR 10.29 IDR 61
Multiples
EV/EBIT 220.69 IDR 276.23 IDR 331.77 IDR 53
EV/EBITDA 321.04 IDR 410.03 IDR 499.02 IDR 54
EV/Revenue 166.39 IDR 214.52 IDR 262.66 IDR 43
Asset-Based
NCAV (Graham) 73.70 IDR 98.76 IDR 147.41 IDR 50
Growth DCF
Growth DCF 726.23 IDR 1,025 IDR 1,458 IDR 80
Rev-Margin DCF 349.05 IDR 435.75 IDR 534.49 IDR 74
Economic Profit
ROIC Compounder 133.73 IDR 147.96 IDR 169.97 IDR 72

Widest divergence: DCF Models (575.04 IDR) versus Dividend Discount (7.37 IDR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 223B IDR
Revenue growth (YoY) -9.0%
Net margin -5.6%
Return on equity -2.7%
Free cash flow 45.9B IDR FY2025
Operating margin -23.1%
More key figures
EPS (TTM) -39.21 IDR
EPS growth (YoY) -64.1%
Net cash 13.8B IDR FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 54 · Market factors (momentum, volatility) 20

Profitability 20
Margins and returns on capital today
Quality Growth 13
Are margins and returns improving?
Cashflow 85
Earnings quality: real cash, not paper profit
Fin. Strength 43
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 9
Price trend over the last 3–12 months (market factor)
52W Momentum 4
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 Pudjiadi and Sons Tbk operates in the hotel business in Indonesia. The company's hotel facilities comprise accommodation, office, shopping, apartment, food and beverage services, recreational, and entertainment facilities. It is also involved in property management, real estate, and catering activities.

Full company description

PT Pudjiadi and Sons Tbk operates in the hotel business in Indonesia. The company's hotel facilities comprise accommodation, office, shopping, apartment, food and beverage services, recreational, and entertainment facilities. It is also involved in property management, real estate, and catering activities. The company operates hotels, resorts, and spas in Jakarta, Bandung, Anyer, Cisarua, Bali, Lombok, Yogyakarta, and Flores. PT Pudjiadi and Sons Tbk was incorporated in 1970 and is based in Jakarta, Indonesia. PT Pudjiadi and Sons Tbk operates as a subsidiary of PT Istana Kuta Ratu Prestige.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Pudjiadi and Sons Tbk reported revenue of 227B IDR in FY2025 versus 69.1B IDR in FY2021, a compound +34.7%/yr. Reported net income was −10.0B IDR in FY2025.

Growth Quality 61/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
227B IDR
Latest YoY
−5.7%
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.
+16.6%
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.
+24.4%
Avg. growth/yr (25Y) 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.
+6.3%
Revenue +34.7%/yr
FY21 69.1B IDR
FY22 144B IDR
FY23 222B IDR
FY24 241B IDR
FY25 227B IDR
Net income
FY21 −29.7B IDR
FY22 −10.0B IDR
FY23 12.3B IDR
FY24 4.0B IDR
FY25 −10.0B IDR
Character of growth · EPS growth decomposed (2014-2025) −6.1 % p.a.
Revenue per share −0.2 pp

of which total revenue −0.2 pp · buybacks/dilution +0.0 pp

EBIT margin −3.9 pp
Tax rate +3.0 pp
Residual (interest, one-offs) −5.0 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).

PNSE screens 51% overvalued. Compare with Las Vegas Sands Corp →

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Cite: Fair Value Calculator (2026). "PT Pudjiadi and Sons Tbk Fair Value". https://www.fairvalue-calculator.com/stock/PNSE

Peer Group

Resorts & Casinos · 76 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 53 · Above median
Fair Value upside −51% · Bottom 25%
Return on assets -1% · Bottom 25%
Net margin (TTM) -6% · Bottom 25%
Operating margin (TTM) -23% · Bottom 25%
Revenue growth -9% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Resorts & Casinos median · lower = cheaper

P/FCF 0.0× · 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 0 · sector 18
FUTURE 0 · sector 33
PAST 0 · sector 19
HEALTH 98 · sector 84
DIVIDEND 0 · sector 52

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.

Gambling

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

Similar stocks

10 more Resorts & Casinos stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Las Vegas Sands Corp LVS $44.79 $52.27 +17%
Galaxy Entertainment Group 0027 HK$34.20 HK$41.44 +21%
Sands China Ltd 1928 HK$13.08 HK$2.05 -84%
MGM Resorts International, through its subsidiaries, MGM $46.13 $13.70 -70%
Wynn Resorts, Limited WYNN $97.05 $69.39 -29%
Red Rock Resorts, Inc RRR $64.75 $17.09 -74%
Boyd Gaming Corporation BYD $87.64 $151.24 +73%
Caesars Entertainment, Inc CZR $29.91 $80.92 +171%
Genting Singapore Limited G13 0.6200 SGD 0.6900 SGD +11%
Vail Resorts, Inc MTN $150.14 $125.02 -17%

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Frequently asked questions

Is PT Pudjiadi and Sons Tbk (PNSE) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 239.51 IDR versus a price of 486.00 IDR, about −51% (overvalued).
What is the fair value of PNSE?
Our model-based fair value for PT Pudjiadi and Sons Tbk is 239.51 IDR (as of Jul 18, 2026), built from audited fundamentals. The current price is 486.00 IDR.
What is the quality score of PNSE?
PT Pudjiadi and Sons Tbk has a Quality Score of 53/100. 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 Pudjiadi and Sons Tbk (PNSE)?
PT Pudjiadi and Sons Tbk reported trailing-twelve-month revenue of about 223B IDR (latest available figure, as of Jul 18, 2026).
What is the net profit margin of PNSE?
The net profit margin of PT Pudjiadi and Sons Tbk is about -5.6%, 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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