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PT Sumber Global Energy Tbk, (SGER) Fair Value & Analysis

Energy · ID · Market cap 6.3T IDR

PS PT Sumber Global Energy Tbk, SGER · JK
Price474.00 IDR
Fair Value191.56 IDR
Upside-59.6%
Quality35/100
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Expensive Growth
Thin margins · 3.1% net margin
Low debt · negative free cash flow
Trails peers (4/12)
Narrow moat 33/100
Evidence: High Range 143.67 IDR – 239.45 IDR Share as image

Fair value as of: Jul 14, 2026

From 16 valuation models · updated 27 days ago

Share price +16.7% over the past month.

Below-average quality, and screening another 60% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (239.45 IDR). The favourable scenario is already priced in.
  • Weak quality (35/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

699.00 IDR 28.71 IDR Fair Value 191.56 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range 28.71 IDR – 699.00 IDR · fair‑value band 143.67 IDR – 239.45 IDR · the 474.00 IDR price screens above the 191.56 IDR fair value. Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

PT Sumber Global Energy Tbk, (SGER) currently trades at 474.00 IDR, while our model-based Fair Value estimate is 191.56 IDR, implying the stock looks roughly 59.6% overvalued today. The Quality Score stands at 35/100 (below-average quality), in the Energy 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: high).

Over the trailing twelve months, PT Sumber Global Energy Tbk, generated revenue of 6.8T IDR at a net margin of 3.1%. Revenue grew 1.6% year over year. It earns a return on equity of 8.6%. Net debt stands at 1.9T IDR. Fundamentals as of Jul 14, 2026

Our scenario range runs from 143.67 IDR (bear case) to 239.45 IDR (bull case); at 474.00 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 32% below its 52-week high and 119% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -12% fair-value upside, at -60%, SGER 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
Residual Income 127.16 IDR 140.70 IDR 209.34 IDR 76
ROIC Compounder 223.53 IDR 329.98 IDR 422.16 IDR 72
Gordon GGM 86.57 IDR 189.00 IDR 318.00 IDR 70
All 16 models by family
Earnings-Based
Graham-Dodd 93.04 IDR 648.86 IDR 910.58 IDR 54
Lynch FV 225.65 IDR 322.36 IDR 419.07 IDR 50
PEG = 1.0 225.65 IDR 322.36 IDR 419.07 IDR 46
EPV 183.37 IDR 217.10 IDR 247.08 IDR 59
Dividend Discount
Gordon GGM 86.57 IDR 189.00 IDR 318.00 IDR 70
DDM Multi-Stage 86.57 IDR 154.82 IDR 196.97 IDR 61
Multiples
P/E Multiple 143.67 IDR 191.56 IDR 239.45 IDR 63
P/S Multiple 174.45 IDR 232.60 IDR 290.75 IDR 58
P/B Multiple 174.45 IDR 232.60 IDR 290.75 IDR 55
EV/EBIT 151.52 IDR 204.61 IDR 257.69 IDR 53
EV/EBITDA 92.94 IDR 126.50 IDR 160.06 IDR 54
EV/Revenue 185.49 IDR 268.31 IDR 351.13 IDR 43
Asset-Based
NCAV (Graham) 71.66 IDR 96.02 IDR 143.32 IDR 50
Economic Profit
Residual Income 127.16 IDR 140.70 IDR 209.34 IDR 76
ROIC Compounder 223.53 IDR 329.98 IDR 422.16 IDR 72
Growth Earnings
Growth-Adj P/E 254.92 IDR 364.17 IDR 473.42 IDR 68

Widest divergence: Growth Earnings (364.17 IDR) versus Asset-Based (96.02 IDR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 6.8T IDR
Revenue growth (YoY) +1.6%
Net margin 3.1%
Return on equity 8.6%
Free cash flow −673B IDR FY2025
P/E ratio 17.7
More key figures
Operating margin 4.3%
EPS (TTM) 13.54 IDR
EPS growth (YoY) -2.7%
Net debt 1.9T IDR FY2025

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 35/100

Of which business quality 36 · Market factors (momentum, volatility) 57

Profitability 42
Margins and returns on capital today
Quality Growth 19
Are margins and returns improving?
Cashflow 3
Earnings quality: real cash, not paper profit
Fin. Strength 49
Balance sheet, leverage, solvency risk
Investment 26
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 59
Price trend over the last 3–12 months (market factor)
52W Momentum 62
Distance to the 52-week high (market factor)
Net Issuance 80
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 Sumber Global Energy Tbk, together with its subsidiaries, engages in the coal trading business in Indonesia. The company operates through Coal, Nickel, Petroleum coke, Oil palm product, Sand and limestone, Contractor, and Fuel segment.

Full company description

PT Sumber Global Energy Tbk, together with its subsidiaries, engages in the coal trading business in Indonesia. The company operates through Coal, Nickel, Petroleum coke, Oil palm product, Sand and limestone, Contractor, and Fuel segment. It is also involved in the operation and production of mining for coal freight and trading; sea shipment license; and mining services business license; providing freight and warehousing services, as well as contractor, basic inorganic chemical, and hotel businesses. PT Sumber Global Energy Tbk was founded in 2008 and is headquartered in Jakarta Selatan, Indonesia. PT Sumber Global Energy Tbk is a subsidiary of PT Sumbermas Inti Energi.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Sumber Global Energy Tbk, reported revenue of 6.7T IDR in FY2025 versus 3.9T IDR in FY2021, a compound +14.5%/yr. Reported net income was 213B IDR in FY2025, compounding +1.6%/yr from FY2021.

Growth Quality 52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
6.7T IDR
Latest YoY
−54.3%
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.
−13.6%
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.
+27.1%
Avg. growth/yr (8Y) 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.
+27.7%
Revenue +14.5%/yr
FY21 3.9T IDR
FY22 10.4T IDR
FY23 12.3T IDR
FY24 14.8T IDR
FY25 6.7T IDR
Net income +1.6%/yr
FY21 200B IDR
FY22 606B IDR
FY23 688B IDR
FY24 659B IDR
FY25 213B IDR

SGER screens 60% overvalued. Compare with China Shenhua Energy Company →

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Cite: Fair Value Calculator (2026). "PT Sumber Global Energy Tbk, Fair Value". https://www.fairvalue-calculator.com/stock/SGER

Peer Group

Thermal Coal · 101 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 35 · Bottom 25%
Fair Value upside −60% · Bottom 25%
Return on equity (TTM) 9% · Above median
Return on assets 4% · Above median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 4% · Below median
Revenue growth 2% · Above median
Debt / equity 0.22× · Higher than median

Valuation Multiples vs Thermal Coal median · lower = cheaper

P/E (TTM) 30.0× · Pricier than 75% of peers
P/B 2.82× · Pricier than 75% of peers
P/S (TTM) 0.93× · Cheaper than median
EV/EBITDA 17.7× · 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 8 · sector 0
PAST 35 · sector 21
HEALTH 89 · sector 92
DIVIDEND 0 · sector 31

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.

Coal Oil & gas

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

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10 more Thermal Coal stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

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Frequently asked questions

Is PT Sumber Global Energy Tbk, (SGER) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of 191.56 IDR versus a price of 474.00 IDR, about −60% (overvalued).
What is the fair value of SGER?
Our model-based fair value for PT Sumber Global Energy Tbk, is 191.56 IDR (as of Jul 14, 2026), built from audited fundamentals. The current price is 474.00 IDR.
What is the quality score of SGER?
PT Sumber Global Energy Tbk, has a Quality Score of 35/100. 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 Sumber Global Energy Tbk, (SGER)?
PT Sumber Global Energy Tbk, reported trailing-twelve-month revenue of about 6.8T IDR (latest available figure, as of Jul 14, 2026).
What is the net profit margin of SGER?
The net profit margin of PT Sumber Global Energy Tbk, is about 3.1%, meaning it keeps roughly 3.1% 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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