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PT Saraswanti Anugerah Makmur, Tbk, (SAMF) Fair Value & Analysis

Basic Materials · ID · Market cap 2.8T IDR

PS PT Saraswanti Anugerah Makmur, Tbk, SAMF · JK
Price280.00 IDR
Fair Value294.80 IDR
Upside+5.3%
Quality48/100
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Mixed Growth
Thin margins · 6.3% net margin
Low debt · generates free cash flow
Ranks above peers (10/14)
Moderate moat 50/100
Evidence: High Range 221.11 IDR – 368.51 IDR Share as image

Fair value as of: Jul 15, 2026

From 26 valuation models · updated 26 days ago

Fair value updated Jul 15, 2026, revised from 423.62 IDR to 294.80 IDR (−30.4%) since Jun 24, 2026. Share price +1.4% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from 221.11 IDR (bear) to 368.51 IDR (bull), base 294.80 IDR. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 48/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

747.93 IDR 154.30 IDR Fair Value 294.80 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range 154.30 IDR – 747.93 IDR · fair‑value band 221.11 IDR – 368.51 IDR · the 280.00 IDR price screens below the 294.80 IDR fair value. Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

PT Saraswanti Anugerah Makmur, Tbk, (SAMF) currently trades at 280.00 IDR, while our model-based Fair Value estimate is 294.80 IDR, implying the stock looks roughly 5.3% fairly valued today. The Quality Score stands at 48/100 (below-average quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, PT Saraswanti Anugerah Makmur, Tbk, generated revenue of 3.9T IDR at a net margin of 6.3%. Revenue declined 19.1% year over year. It earns a return on equity of 14.7%. Net debt stands at 669B IDR. Fundamentals as of Jul 15, 2026

Our scenario range runs from 221.11 IDR (bear case) to 368.51 IDR (bull case); at 280.00 IDR, the current price sits within 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 30% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -13% fair-value upside, at 5%, SAMF screens cheaper 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 363.68 IDR 769.25 IDR 1,447 IDR 80
Residual Income 176.90 IDR 217.03 IDR 427.19 IDR 76
Rev-Margin DCF 381.37 IDR 725.42 IDR 1,207 IDR 74
All 26 models by family
DCF Models
FCF DCF 373.01 IDR 707.10 IDR 1,583 IDR 38
Owner Earnings 351.06 IDR 737.25 IDR 1,516 IDR 31
5Y Revenue Exit 381.37 IDR 742.29 IDR 1,262 IDR 39
5Y EBITDA Exit 339.60 IDR 649.38 IDR 1,060 IDR 41
5Y P/E Exit 324.81 IDR 616.47 IDR 970.71 IDR 38
10Y Revenue Exit 362.98 IDR 722.14 IDR 1,338 IDR 36
10Y EBITDA Exit 348.46 IDR 649.33 IDR 1,152 IDR 37
10Y P/E Exit 338.10 IDR 623.53 IDR 1,069 IDR 35
Earnings-Based
Graham-Dodd 169.45 IDR 997.52 IDR 1,389 IDR 54
Lynch FV 282.93 IDR 404.19 IDR 525.44 IDR 50
PEG = 1.0 282.93 IDR 404.19 IDR 525.44 IDR 46
EPV 339.47 IDR 399.09 IDR 452.09 IDR 59
Dividend Discount
Gordon GGM 192.28 IDR 419.78 IDR 706.30 IDR 70
DDM Multi-Stage 192.28 IDR 343.87 IDR 437.48 IDR 61
Multiples
P/E Multiple 317.72 IDR 423.62 IDR 529.53 IDR 63
P/S Multiple 317.72 IDR 423.62 IDR 529.53 IDR 58
P/B Multiple 317.72 IDR 423.62 IDR 529.53 IDR 55
EV/EBIT 433.01 IDR 576.82 IDR 720.62 IDR 53
EV/EBITDA 341.00 IDR 454.13 IDR 567.26 IDR 54
EV/Revenue 375.49 IDR 535.73 IDR 695.97 IDR 43
Asset-Based
NCAV (Graham) 89.33 IDR 119.71 IDR 178.67 IDR 50
Growth DCF
Growth DCF 363.68 IDR 769.25 IDR 1,447 IDR 80
Rev-Margin DCF 381.37 IDR 725.42 IDR 1,207 IDR 74
Economic Profit
Residual Income 176.90 IDR 217.03 IDR 427.19 IDR 76
ROIC Compounder 413.07 IDR 606.14 IDR 887.88 IDR 72
Growth Earnings
Growth-Adj P/E 377.78 IDR 539.69 IDR 701.59 IDR 68

Widest divergence: Growth DCF (725.42 IDR) versus Asset-Based (119.71 IDR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 3.9T IDR
Revenue growth (YoY) -19.1%
Net margin 6.3%
Return on equity 14.7%
Free cash flow 251B IDR FY2025
P/E ratio 10.5
More key figures
Operating margin 10.1%
EPS (TTM) 24.28 IDR
EPS growth (YoY) -14.8%
Net debt 669B IDR FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 49 · Market factors (momentum, volatility) 44

Profitability 58
Margins and returns on capital today
Quality Growth 11
Are margins and returns improving?
Cashflow 49
Earnings quality: real cash, not paper profit
Fin. Strength 62
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 89
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 22
Distance to the 52-week high (market factor)
Net Issuance 40
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 Saraswanti Anugerah Makmur, Tbk, together with its subsidiaries, engages in the production and distribution of non-subsidized NPK Fertilizers in Indonesia.

Full company description

PT Saraswanti Anugerah Makmur, Tbk, together with its subsidiaries, engages in the production and distribution of non-subsidized NPK Fertilizers in Indonesia. It offers fertilizer products, such as palm oil, various crops, sugarcane, rubber, and coffee and cocoa under the FERTINDO, PUPINDO, DUPAN, PHONIKA, PLANTA PLUS, CORNALET, HALEI, PUKALET, KOKA, and PALMO brands. PT Saraswanti Anugerah Makmur, Tbk was founded in 1998 and is headquartered in Surabaya, Indonesia. PT Saraswanti Anugerah Makmur, Tbk operates as a subsidiary of Pt Saraswanti Utama.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Saraswanti Anugerah Makmur, Tbk, reported revenue of 4.1T IDR in FY2025 versus 1.9T IDR in FY2021, a compound +21.8%/yr. Reported net income was 255B IDR in FY2025, compounding +11.5%/yr from FY2021.

Growth Quality 84/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
4.1T IDR
Latest YoY
−15.1%
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.
+3.4%
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.
+23.7%
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.
+20.7%
Revenue +21.8%/yr
FY21 1.9T IDR
FY22 3.7T IDR
FY23 4.5T IDR
FY24 4.8T IDR
FY25 4.1T IDR
Net income +11.5%/yr
FY21 165B IDR
FY22 334B IDR
FY23 406B IDR
FY24 379B IDR
FY25 255B IDR

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Cite: Fair Value Calculator (2026). "PT Saraswanti Anugerah Makmur, Tbk, Fair Value". https://www.fairvalue-calculator.com/stock/SAMF

Peer Group

Agricultural Inputs · 179 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 48 · Below median
Fair Value upside +5% · Above median
Return on equity (TTM) 15% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 6% · Above median
Operating margin (TTM) 10% · Above median
Revenue growth -19% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.05× · Lower than median

Valuation Multiples vs Agricultural Inputs median · lower = cheaper

P/E (TTM) 11.4× · Cheaper than median
P/B 1.54× · Pricier than median
P/S (TTM) 0.72× · Cheaper than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 6.3× · 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 40 · sector 21
FUTURE 0 · sector 37
PAST 59 · sector 24
HEALTH 98 · sector 97
DIVIDEND 0 · sector 33

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 Agricultural Inputs stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
Corteva, Inc CTVA $86.07 $27.81 -68%
Nutrien Ltd NTR C$94.23 C$81.69 -13%
Qinghai Salt Lake Industry Co 000792 ¥24.93 ¥21.26 -15%
CF Industries Holdings CF $119.19 $161.00 +35%
SABIC Agri-Nutrients Company 2020 122.90 SAR 127.31 SAR +4%
Yara International ASA YAR kr 451.30 kr 67.25 -85%
Yunnan Yuntianhua Co 600096 ¥30.17 ¥42.12 +40%
Asia-potash International Investment (Guangzhou)Co.,Ltd., 000893 ¥42.59 ¥38.01 -11%
Coromandel International Limited COROMANDEL ₹2,034 ₹1,129 -44%
UPL Limited UPL ₹594.75 ₹387.06 -35%

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Frequently asked questions

Is PT Saraswanti Anugerah Makmur, Tbk, (SAMF) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of 294.80 IDR versus a price of 280.00 IDR, about +5% (fairly valued).
What is the fair value of SAMF?
Our model-based fair value for PT Saraswanti Anugerah Makmur, Tbk, is 294.80 IDR (as of Jul 15, 2026), built from audited fundamentals. The current price is 280.00 IDR.
What is the quality score of SAMF?
PT Saraswanti Anugerah Makmur, Tbk, has a Quality Score of 48/100. 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 Saraswanti Anugerah Makmur, Tbk, (SAMF)?
PT Saraswanti Anugerah Makmur, Tbk, reported trailing-twelve-month revenue of about 3.9T IDR (latest available figure, as of Jul 15, 2026).
What is the net profit margin of SAMF?
The net profit margin of PT Saraswanti Anugerah Makmur, Tbk, is about 6.3%, meaning it keeps roughly 6.3% 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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