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PT Sarana Meditama Metropolitan Tbk (SAME) Fair Value & Analysis

Healthcare · ID · Market cap 5.2T IDR

PS PT Sarana Meditama Metropolitan Tbk SAME · JK
Price298.00 IDR
Fair Value42.49 IDR
Upside-85.7%
Quality49/100
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Expensive Growth
Thin margins · 1.0% net margin
Low debt · generates free cash flow
Trails peers (4/13)
Narrow moat 25/100
Evidence: Medium Range 28.91 IDR – 55.24 IDR Share as image

Fair value as of: Jul 20, 2026

From 24 valuation models · updated 21 days ago

Share price −6.9% over the past month.

Below-average quality, and screening another 86% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (55.24 IDR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (28.91 IDR to 55.24 IDR) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

705.00 IDR 220.00 IDR Fair Value 42.49 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

60‑month range 220.00 IDR – 705.00 IDR · fair‑value band 28.91 IDR – 55.24 IDR · the 298.00 IDR price screens above the 42.49 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 20, 2026.

Full chart & analysis →

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Analysis

PT Sarana Meditama Metropolitan Tbk (SAME) currently trades at 298.00 IDR, while our model-based Fair Value estimate is 42.49 IDR, implying the stock looks roughly 85.7% overvalued today. The Quality Score stands at 49/100 (below-average quality), in the Healthcare 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 Sarana Meditama Metropolitan Tbk generated revenue of 1.9T IDR at a net margin of 1.0%. Revenue grew 8.7% year over year. It earns a return on equity of 0.7%. Net debt stands at 826B IDR. Fundamentals as of Jul 20, 2026

Our scenario range runs from 28.91 IDR (bear case) to 55.24 IDR (bull case); at 298.00 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 33% below its 52-week high and 24% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at 11% fair-value upside, at -86%, SAME 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 BearBaseBull Evidence
Highest evidence
Growth DCF 7.44 IDR 31.29 IDR 80
Residual Income 153.12 IDR 143.25 IDR 105.10 IDR 76
ROIC Compounder 32.58 IDR 41.79 IDR 49.98 IDR 72
All 24 models by family
DCF Models
FCF DCF 5.31 IDR 36.28 IDR 38
5Y Revenue Exit 27.29 IDR 80.98 IDR 159.95 IDR 39
5Y EBITDA Exit 136.50 IDR 323.67 IDR 578.42 IDR 41
5Y P/E Exit 3.84 IDR 28.86 IDR 59.69 IDR 38
10Y Revenue Exit 14.78 IDR 64.11 IDR 152.13 IDR 36
10Y EBITDA Exit 93.54 IDR 254.20 IDR 538.18 IDR 37
10Y P/E Exit 0.6900 IDR 23.29 IDR 59.64 IDR 35
Earnings-Based
Graham-Dodd 11.91 IDR 69.94 IDR 97.37 IDR 54
Lynch FV 19.82 IDR 28.32 IDR 36.81 IDR 50
PEG = 1.0 19.82 IDR 28.32 IDR 36.81 IDR 46
EPV 32.58 IDR 41.79 IDR 49.98 IDR 59
Dividend Discount
Gordon GGM 9.03 IDR 19.72 IDR 33.18 IDR 70
DDM Multi-Stage 9.03 IDR 16.15 IDR 20.55 IDR 61
Multiples
P/E Multiple 28.91 IDR 38.55 IDR 48.19 IDR 63
P/S Multiple 22.34 IDR 29.79 IDR 37.23 IDR 58
P/B Multiple 22.34 IDR 29.79 IDR 37.23 IDR 55
EV/EBIT 63.15 IDR 90.75 IDR 118.34 IDR 53
EV/EBITDA 203.84 IDR 278.33 IDR 352.82 IDR 54
EV/Revenue 39.45 IDR 64.78 IDR 90.10 IDR 43
Asset-Based
NCAV (Graham) 110.73 IDR 148.38 IDR 221.46 IDR 50
Growth DCF
Growth DCF 7.44 IDR 31.29 IDR 80
Economic Profit
Residual Income 153.12 IDR 143.25 IDR 105.10 IDR 76
ROIC Compounder 32.58 IDR 41.79 IDR 49.98 IDR 72
Growth Earnings
Growth-Adj P/E 29.74 IDR 42.49 IDR 55.24 IDR 68

Widest divergence: Asset-Based (148.38 IDR) versus Growth DCF (7.44 IDR). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 1.9T IDR
Revenue growth (YoY) +8.7%
Net margin 1.0%
Return on equity 0.7%
Free cash flow 14.9B IDR FY2025
P/E ratio 248.7
More key figures
Operating margin 4.1%
EPS (TTM) 1.15 IDR
EPS growth (YoY) +1,060%
Net debt 826B IDR FY2025

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 49 · Market factors (momentum, volatility) 37

Profitability 17
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 47
Earnings quality: real cash, not paper profit
Fin. Strength 52
Balance sheet, leverage, solvency risk
Investment 60
Disciplined investing over empire-building
Low Volatility 58
Calm price path (market factor)
Momentum 31
Price trend over the last 3–12 months (market factor)
52W Momentum 25
Distance to the 52-week high (market factor)
Net Issuance 81
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 Sarana Meditama Metropolitan Tbk engages in the hospital management of EMC Hospital Pulomas in Pulomas, East Jakarta. The company operates specialty centers. It also is involved in trading of medical equipment; healthcare pharmacy; real estate; and agriculture. The company was founded in 1984 and is based in Jakarta, Indonesia.

Full company description

PT Sarana Meditama Metropolitan Tbk engages in the hospital management of EMC Hospital Pulomas in Pulomas, East Jakarta. The company operates specialty centers. It also is involved in trading of medical equipment; healthcare pharmacy; real estate; and agriculture. The company was founded in 1984 and is based in Jakarta, Indonesia. PT Sarana Meditama Metropolitan Tbk is a subsidiary of PT Elang Mahkota Teknologi Tbk.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Sarana Meditama Metropolitan Tbk reported revenue of 1.9T IDR in FY2025 versus 1.3T IDR in FY2021, a compound +10.0%/yr. Reported net income was 30.1B IDR in FY2025, compounding −32.4%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
1.9T IDR
Latest YoY
+9.1%
Avg. growth/yr (3Y)
+10.1%
Avg. growth/yr (5Y)
+29.7%
Avg. growth/yr (16Y)
+17.4%
Revenue +10.0%/yr
FY21 1.3T IDR
FY22 1.4T IDR
FY23 1.5T IDR
FY24 1.7T IDR
FY25 1.9T IDR
Net income −32.4%/yr
FY21 144B IDR
FY22 9.6B IDR
FY23 12.3B IDR
FY24 11.8B IDR
FY25 30.1B IDR

SAME screens 86% overvalued. Compare with HCA Healthcare, Inc →

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Cite: Fair Value Calculator (2026). "PT Sarana Meditama Metropolitan Tbk Fair Value". https://www.fairvalue-calculator.com/stock/SAME

Peer Group

Medical Care Facilities · 262 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 49 · Below median
Fair Value upside −86% · Bottom 25%
Return on equity (TTM) 1% · Below median
Return on assets 1% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 4% · Below median
Revenue growth 9% · Above median
Debt / equity 0.13× · Lower than median

Valuation Multiples vs Medical Care Facilities median · lower = cheaper

P/E (TTM) 267.3× · Pricier than 75% of peers
P/B 1.36× · Cheaper than median
P/S (TTM) 2.73× · Pricier than 75% of peers
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 15.9× · 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 22
FUTURE 44 · sector 24
PAST 3 · sector 30
HEALTH 94 · sector 90
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 Medical Care Facilities stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
HCA Healthcare, Inc HCA $378.85 $554.93 +46%
Fresenius SE FRE €41.73 €32.15 -23%
Dr. Sulaiman Al Habib Medical Services Group 4013 235.00 SAR 112.37 SAR -52%
IHH Healthcare Berhad, an investment holding company, Q0F 2.58 SGD 1.44 SGD -44%
Tenet Healthcare Corporation THC $194.91 $338.05 +73%
Rede D'Or São Luiz S.A RDOR3 R$36.01 R$47.31 +31%
DaVita Inc DVA $231.61 $255.97 +11%
Apollo Hospitals Enterprise Limited APOLLOHOSP ₹8,955 ₹2,955 -67%
Fresenius Medical Care AG FMS $24.68 $45.60 +85%
Aier Eye Hospital Group 300015 ¥8.68 ¥7.67 -12%

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Frequently asked questions

Is PT Sarana Meditama Metropolitan Tbk (SAME) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 42.49 IDR versus a price of 298.00 IDR, about −86% (overvalued).
What is the fair value of SAME?
Our model-based fair value for PT Sarana Meditama Metropolitan Tbk is 42.49 IDR (as of Jul 20, 2026), built from audited fundamentals. The current price is 298.00 IDR.
What is the quality score of SAME?
PT Sarana Meditama Metropolitan Tbk has a Quality Score of 49/100. 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 Sarana Meditama Metropolitan Tbk (SAME)?
PT Sarana Meditama Metropolitan Tbk reported trailing-twelve-month revenue of about 1.9T IDR (latest available figure, as of Jul 20, 2026).
What is the net profit margin of SAME?
The net profit margin of PT Sarana Meditama Metropolitan Tbk is about 1.0%, meaning it keeps roughly 1.0% 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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