PT Siwani Makmur Tbk (SIMA) Fair Value & Analysis
Basic Materials · ID · Market cap 22.1B IDR
Fair value as of: Jul 13, 2026
From 3 valuation models · updated 28 days ago
Below-average quality, and screening another 78% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (13.34 IDR). The favourable scenario is already priced in.
- Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.
How to read this chart
60‑month range 50.00 IDR – 50.00 IDR · fair‑value band 8.28 IDR – 13.34 IDR · the 50.00 IDR price screens above the 10.91 IDR fair value. Dashed = 300-day average. As of Jul 13, 2026.
Analysis
PT Siwani Makmur Tbk (SIMA) currently trades at 50.00 IDR, while our model-based Fair Value estimate is 10.91 IDR, implying the stock looks roughly 78.2% overvalued today. The Quality Score stands at 39/100 (below-average quality), in the Basic Materials 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: low).
Trailing-twelve-month revenue stands at 3.5B IDR. Revenue declined 19.9% year over year. Fundamentals as of Jul 13, 2026
Our scenario range runs from 8.28 IDR (bear case) to 13.34 IDR (bull case); at 50.00 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 near its 52-week high, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -34% fair-value upside, at -78%, SIMA 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.
All 3 models by family
Widest divergence: Asset-Based (23.02 IDR) versus Dividend Discount (13.21 IDR). Highest evidence: Gordon GGM (70).
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Key figures & financial health
Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 37 · Market factors (momentum, volatility) 42
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 Siwani Makmur Tbk provides equipment maintenance and repair services. The company was formerly known as PT Van Der Horst Indonesia, Tbk and changed its name to PT Siwani Makmur Tbk in 2000. PT Siwani Makmur Tbk was founded in 1985 and is headquartered in Central Jakarta, Indonesia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2014 – FY2018 · reported fiscal years
PT Siwani Makmur Tbk reported revenue of 3.0B IDR in FY2018 versus 15.8B IDR in FY2014, a compound −33.9%/yr. Reported net income was −14.5B IDR in FY2018.
SIMA screens 78% overvalued. Compare with Daelim Paper Co →
Peer Group
Materials · 3495 stocks
How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Containers & Packaging” was too small, so the broader sector is used.)
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: 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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Containers & Packaging stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Daelim Paper Co 017650 | 9,000 KRW | 2,417 KRW | -73% |
| M2N Co 033310 | 1,265 KRW | 565.81 KRW | -55% |
| BHP Group BHPN | 1,425 MXN | 942.42 MXN | -34% |
| BASF SE BASF | 16,920 HUF | 8,965 HUF | -47% |
| UltraTech Cement Limited ULTRACEMCO | ₹11,711 | ₹4,719 | -60% |
| JSW Steel Limited JSWSTEEL | ₹1,227 | ₹1,140 | -7% |
| Vale S.A VALE | 11,690 ARS | 16,644 ARS | +42% |
| POSCO Holdings 005490 | 313,500 KRW | 155,270 KRW | -50% |
| PT Barito Pacific Tbk, BRPT | 1,690 IDR | 1,628 IDR | -4% |
| PT Chandra Asri Pacific Tbk TPIA | 1,805 IDR | 2,888 IDR | +60% |
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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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