Pikko Land Development Tbk (RODA) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Pikko Land Development Tbk stock IDR 68, price IDR 27, upside +150.0%, quality 63 out of 100. Rating: strongly undervalued. Calculated from audited financials with 7 of our 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. As of Nov 4, 2026.
How to read this chart
60‑month range 14.00 IDR – 120.00 IDR · fair‑value band 33.80 IDR – 117.50 IDR · the 27.00 IDR price screens below the 67.50 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 4, 2026.
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PT Pikko Land Development Tbk develops and sells real estate properties in Indonesia. It also invests in shares of stocks, as well as various property assets, such as land and apartment units.
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PT Pikko Land Development Tbk was formerly known as PT Royal Oak Development Asia Tbk and changed its name to PT Pikko Land Development Tbk in October 2012. The company was founded in 1984 and is headquartered in Jakarta, Indonesia.
Stock analysis
Pikko Land Development Tbk (RODA) currently trades at 27.00 IDR, while our model-based Fair Value estimate is 67.50 IDR, implying the stock looks roughly 60% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 121.95 IDR per share, and 7 of the 7 models we run sit above the 27.00 IDR price.
Bear case: the Multiples group reads lowest at 46.22 IDR, and 0 of the 7 models stay below the price. Data coverage for this calculation is low.
Scenario range: 33.80 IDR (bear) to 117.50 IDR (bull), the price of 27.00 IDR sits below 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 63/100 (solid quality), in the Real Estate sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Pikko Land Development Tbk reported revenue of 156B IDR in FY2025 versus 509B IDR in FY2021, a compound −25.6%/yr. Reported net income was −70.9B IDR in FY2025.
Key figures
Market cap 379B IDR (≈ $21.1M) Micro · P/S ratio 2.71 · EPS (TTM) −5.10 IDR · Net margin −44.7% · Return on equity −3.4% · Return on assets (EBIT) 0.8% (5-year average) · Operating margin −5.2% · Revenue (TTM) 155B IDR.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 13 out of 100 (low confidence).
What moves the price
The share trades about 71% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 33% fair-value upside, at 150%, RODA screens cheaper than that median.
Fair Value models
Bear33.80 IDRFair Value 67.50 IDRBull117.50 IDR
Price 27.00 IDR · Upside +150.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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.21/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+84.2%
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.
−5.5%
Revenue growth 24 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.
+21.6%
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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.
−96.2% (2020) → −16.5% (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
Little optimism in the price
The price assumes less 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).
−1.4%
The company could shrink this much every year for the next five years and today's price would still be justified.
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 −3.9% a year for the price.
Compare Pikko Land Development Tbk with another stock
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 · 489 stocks
Beats the industry median on 6/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score63 · Top 25%
Fair Value upside+150.0% · Top 25%
Profitability
Return on assets−2.2% · Bottom 25%
Net margin (12 months)−44.7% · Bottom 25%
Operating margin (12 months)−5.2% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)5.3% · Above median
Balance sheet
Debt / equity0.18× · Below median
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
P/B0.20× · Cheapest 25%
P/S (12 months)2.44× · Pricier than median
Price / free cash flow (fiscal year)4.9× · Cheaper than median
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). "Pikko Land Development Tbk Fair Value". https://www.fairvalue-calculator.com/stock/RODA
Frequently asked questions
Is Pikko Land Development Tbk (RODA) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 67.50 IDR versus a price of 27.00 IDR, about +150% upside (undervalued).
What is the fair value of RODA?
Our model-based fair value for Pikko Land Development Tbk is 67.50 IDR (as of Nov 4, 2026), built from audited fundamentals. The current price: 27.00 IDR.
What is the quality score of RODA?
Pikko Land Development Tbk has a Quality Score of 63/100. 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 Pikko Land Development Tbk (RODA)?
Our model-based price target is the fair value of 67.50 IDR (as of Nov 4, 2026) from 7 valuation models. Cautious scenario 33.80 IDR, optimistic scenario 117.50 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Pikko Land Development Tbk stock forecast for 2026?
Our models put fair value at 67.50 IDR, about +150% upside versus a price of 27.00 IDR (undervalued). Cautious scenario 33.80 IDR, optimistic scenario 117.50 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Pikko Land Development Tbk (RODA)?
Pikko Land Development Tbk reported trailing-twelve-month revenue of about 155B IDR (latest available figure, as of Nov 4, 2026).
What growth is priced into Pikko Land Development Tbk (RODA)?
For today's price to be fair in a discounted-cash-flow model, Pikko Land Development Tbk would have to grow free cash flow by -1.4 % per year for five years (discount rate 10.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.4 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of RODA use?
Our models discount Pikko Land Development Tbk at 10.9 %: a base by market capitalisation (nano), damped by beta 0.64, 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 Pikko Land Development Tbk that is -1.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.9 %) and the same formula as our fair value.
How much growth has Pikko Land Development Tbk (RODA) delivered so far?
Over the past 5 years revenue at Pikko Land Development Tbk grew +6.4 % a year. The price currently implies free-cash-flow growth of -1.4 % per 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 Pikko Land Development Tbk (RODA) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Pikko Land Development Tbk (-1.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Pikko Land Development Tbk (RODA)?
The free-cash-flow yield on the price is 20.96 %: that much free cash flow Pikko Land Development Tbk produces per unit of market value. When it exceeds the discount rate of our models (10.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Pikko Land Development Tbk (RODA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Pikko Land Development Tbk it is 67.50 IDR per share (as of Nov 4, 2026), against a price of 27.00 IDR. It is the blended result of 7 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Pikko Land Development Tbk stock overvalued or undervalued in 2026?
As of Nov 4, 2026, RODA trades below its calculated fair value: price 27.00 IDR, fair value 67.50 IDR, a gap of about +150% (undervalued). 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 RODA?
No. The price is what the market pays today (27.00 IDR); the fair value is what the company's own numbers justify (67.50 IDR). For Pikko Land Development Tbk the two are 40.50 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Pikko Land Development Tbk worth?
The market values Pikko Land Development Tbk at about 379B IDR (market capitalisation, as of Nov 4, 2026). Per share that is 27.00 IDR; our models calculate a fair value of 67.50 IDR per share.
What do the bullish and bearish scenarios say about RODA?
Our models span a range for Pikko Land Development Tbk: cautious scenario 33.80 IDR, base 67.50 IDR, optimistic 117.50 IDR per share (as of Nov 4, 2026, price 27.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Pikko Land Development Tbk (RODA)?
Balance-sheet figures for Pikko Land Development Tbk (as of Nov 4, 2026): return on equity −3.4%, debt of 0.18 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is RODA from its 52-week high?
Pikko Land Development Tbk trades at 27.00 IDR, about 71% below its 52-week high of 94.00 IDR and 4% above the low of 26.00 IDR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 67.50 IDR is for.
Which stocks are comparable to Pikko Land Development Tbk?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, CK Asset Holdings, DLF Limited, 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 Pikko Land Development Tbk stock attractive at the current price?
The data as of Nov 4, 2026: price 27.00 IDR, calculated fair value 67.50 IDR (+150%), Quality Score 63/100, 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 RODA calculated?
We run Pikko Land Development Tbk through 7 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of 67.50 IDR builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Pikko Land Development Tbk currently trades 60% below its own fair value, and the market average says nothing about that. 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 Pikko Land Development Tbk (RODA)?
The closing price on Nov 6, 2026 was 27.00 IDR. Our model-based fair value is 67.50 IDR, about +150% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Pikko Land Development Tbk right now?
The price is below even our cautious bear case (33.80 IDR). The market is more pessimistic than our downside scenario. The model range is unusually wide (33.80 IDR to 117.50 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 quality (63/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Pikko Land Development Tbk
How large is the market capitalisation of Pikko Land Development Tbk (RODA)?
The market capitalisation of Pikko Land Development Tbk is 379B IDR (≈ $21.1M). 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 Pikko Land Development Tbk (RODA)?
The price-to-sales ratio of Pikko Land Development Tbk is 2.71 (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 Pikko Land Development Tbk (RODA)?
Earnings per share at Pikko Land Development Tbk are −5.10 IDR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Pikko Land Development Tbk (RODA)?
The net margin of Pikko Land Development Tbk is −44.7% (last twelve months). 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 Pikko Land Development Tbk (RODA)?
The return on equity (ROE) of Pikko Land Development Tbk is −3.4% (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 Pikko Land Development Tbk (RODA)?
On an EBIT basis the return on assets of Pikko Land Development Tbk is 0.8% (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 Pikko Land Development Tbk (RODA)?
The operating margin of Pikko Land Development Tbk is −5.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Pikko Land Development Tbk (RODA)?
Revenue at Pikko Land Development Tbk is growing +5.3% versus a year earlier (3y avg −5.5%). 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 Pikko Land Development Tbk (RODA)?
Earnings per share at Pikko Land Development Tbk are growing −92.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Pikko Land Development Tbk (RODA) carry?
The net debt of Pikko Land Development Tbk is 372B IDR (fiscal year 2025, ≈ 4.8 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
Nov 4, 2026