PT Surya Biru Murni Acetylene Tbk (SBMA) Fair Value & Analysis
Basic Materials · ID · Market cap 100B IDR
Fair value as of: Jul 18, 2026
From 26 valuation models · updated 24 days ago
Fair value updated Jul 18, 2026, revised from 215.57 IDR to 132.68 IDR (−38.5%) since Jun 24, 2026. Share price +2.8% over the past month.
A solid business, screening 20% undervalued on our models.
What matters now
- A fairly wide model range (86.45 IDR to 165.86 IDR) leaves room in how you read the outcome.
- Our model range runs from 86.45 IDR (bear) to 165.86 IDR (bull), base 132.68 IDR. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 55/100 (solid quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 years)
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
59‑month range 92.12 IDR – 480.39 IDR · fair‑value band 86.45 IDR – 165.86 IDR · the 111.00 IDR price screens below the 132.68 IDR fair value. Dashed = 300-day average. As of Jul 18, 2026.
Analysis
PT Surya Biru Murni Acetylene Tbk (SBMA) currently trades at 111.00 IDR, while our model-based Fair Value estimate is 132.68 IDR, implying the stock looks roughly 19.5% undervalued today. The Quality Score stands at 55/100 (solid 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 Surya Biru Murni Acetylene Tbk generated revenue of 136B IDR at a net margin of 7.4%. Revenue declined 3.3% year over year. It earns a return on equity of 4.3%. Net debt stands at 19.4B IDR. Fundamentals as of Jul 18, 2026
Our scenario range runs from 86.45 IDR (bear case) to 165.86 IDR (bull case); at 111.00 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 28% below its 52-week high and 23% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -46% fair-value upside, at 20%, SBMA 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.
All 26 models by family
Widest divergence: DCF Models (220.10 IDR) versus Dividend Discount (64.39 IDR). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 54 · Market factors (momentum, volatility) 43
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 Surya Biru Murni Acetylene Tbk produces chemical industrial gases in Indonesia. It offers acetylene, oxygen, and nitrogen, as well as argon, carbon dioxide, helium, and mixed gases; and new air separation plant, cylinder maintenance, gas equipment and installation, transport and distribution, gas chromatograph, and gases for laboratory and testing …
Full company description
PT Surya Biru Murni Acetylene Tbk produces chemical industrial gases in Indonesia. It offers acetylene, oxygen, and nitrogen, as well as argon, carbon dioxide, helium, and mixed gases; and new air separation plant, cylinder maintenance, gas equipment and installation, transport and distribution, gas chromatograph, and gases for laboratory and testing applications. PT Surya Biru Murni Acetylene Tbk was founded in 1980 and is headquartered in Balikpapan, Indonesia. PT Surya Biru Murni Acetylene Tbk is a subsidiary of PT Surya Biru Titilea Investama.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
PT Surya Biru Murni Acetylene Tbk reported revenue of 137B IDR in FY2025 versus 88.3B IDR in FY2021, a compound +11.7%/yr. Reported net income was 11.8B IDR in FY2025, compounding +12.3%/yr from FY2021.
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Peer Group
Chemicals · 338 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.
Valuation Multiples vs Chemicals median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| BASF SE BASN | 1,034 MXN | 532.13 MXN | -49% |
| Ningxia Baofeng Energy Group 600989 | ¥20.32 | ¥20.17 | -1% |
| Zhejiang Juhua Co 600160 | ¥42.85 | ¥23.35 | -46% |
| PT Barito Pacific Tbk, BRPT | 1,690 IDR | 1,628 IDR | -4% |
| LG Chem, Ltd 051910 | 260,500 KRW | 587,755 KRW | +126% |
| Formosa Chemicals & Fibre Corporation 1326 | 66.10 TWD | 6.79 TWD | -90% |
| PTT Global Chemical Public Company PTTGC | 35.50 THB | 18.21 THB | -49% |
| 542812 542812 | ₹4,369 | ₹791.05 | -82% |
| Indorama Ventures Public Company IVL | 24.50 THB | 17.95 THB | -27% |
| Navin Fluorine International Limited NAVINFLUOR | ₹8,650 | ₹2,146 | -75% |
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Frequently asked questions
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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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