PT Sinar Mas Agro Resources and Technology Tbk (SMAR) Fair Value & Analysis
Consumer Defensive · ID · Market cap 14.6T IDR
Fair value as of: Aug 13, 2026
From 26 valuation models · updated today
Fair value updated Aug 13, 2026, revised from 16,227 IDR to 11,117 IDR (−31.5%) since Jul 11, 2026. Share price +8.7% over the past month.
A solid business, screening 97% undervalued on our models.
What matters now
- The price is below even our cautious bear case (7,861 IDR). The market is more pessimistic than our downside scenario.
- Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (7,861 IDR to 14,755 IDR) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range 2,723 IDR – 6,472 IDR · fair‑value band 7,861 IDR – 14,755 IDR · the 5,650 IDR price screens below the 11,117 IDR fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
PT Sinar Mas Agro Resources and Technology Tbk (SMAR) currently trades at 5,650 IDR, while our model-based Fair Value estimate is 11,117 IDR, implying the stock looks roughly 96.8% undervalued today. The Quality Score stands at 66/100 (solid quality), in the Consumer Defensive 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 Sinar Mas Agro Resources and Technology Tbk generated revenue of 86.5T IDR at a net margin of 3.8%. Revenue declined 2.0% year over year. It earns a return on equity of 15.1%. Net debt stands at 14.4T IDR. Fundamentals as of Aug 13, 2026
Our scenario range runs from 7,861 IDR (bear case) to 14,755 IDR (bull case); at 5,650 IDR, the current price sits below 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 17% below its 52-week high and 83% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 97% fair-value upside, at 97%, SMAR 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 26 models by family
Widest divergence: DCF Models (28,852 IDR) versus Dividend Discount (516.14 IDR). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 64 · Market factors (momentum, volatility) 61
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 Sinar Mas Agro Resources and Technology Tbk produces and sells palm oil-based products in Indonesia. It operates through Integrated Food Consumer Products and Trading Activities, Plantations, and Other Segments.
Full company description
PT Sinar Mas Agro Resources and Technology Tbk produces and sells palm oil-based products in Indonesia. It operates through Integrated Food Consumer Products and Trading Activities, Plantations, and Other Segments. The company extracts fresh fruit bunches into crude palm oil and palm kernel, and processes into value-added products, such as cooking oil, margarine, shortening, oleochemicals, and biodiesel. It also provides cooking oil products under the Filma, Kunci Mas, Mitra, and Masku brands; industrial margarines and shortening products under the Filma, Palmboom, Menara, Palmvita and Goodfry brand names; and specialty fat products under I-soc brand. In addition, the company offers fatty acids, glycerin, and soap products; palm kernel oil; and cocoa butter substitutes. Further, it is involved in the palm oil, and oleochemical industry; organic chemical and bio energy businesses; investment holding; as well as provides transportation and office administration services. PT Sinar Mas Agro Resources and Technology Tbk was incorporated in 1962 and is based in Jakarta, Indonesia. PT Sinar Mas Agro Resources and Technology Tbk is a subsidiary of PT Purimas Sasmita.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
PT Sinar Mas Agro Resources and Technology Tbk reported revenue of 86.9T IDR in FY2025 versus 57.0T IDR in FY2021, a compound +11.1%/yr. Reported net income was 2.6T IDR in FY2025, compounding −2.2%/yr from FY2021.
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Peer Group
Farm Products · 299 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 Farm Products 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 Farm Products stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Muyuan Foods Group 002714 | ¥40.15 | ¥47.42 | +18% |
| PT Charoen Pokphand Indonesia Tbk, CPIN | 3,150 IDR | 6,818 IDR | +116% |
| Charoen Pokphand Foods Public Company CPF | 21.90 THB | 43.24 THB | +97% |
| PT Triputra Agro Persada Tbk TAPG | 1,805 IDR | 3,087 IDR | +71% |
| PT FAP Agri Tbk FAPA | 7,350 IDR | 6,420 IDR | -13% |
| PT Japfa Comfeed Indonesia Tbk JPFA | 2,260 IDR | 6,974 IDR | +209% |
| PT Jhonlin Agro Raya Tbk JARR | 1,890 IDR | 610.80 IDR | -68% |
| PT Nusantara Sawit Sejahtera Tbk NSSS | 860.00 IDR | 402.24 IDR | -53% |
| PT Dharma Satya Nusantara Tbk DSNG | 1,320 IDR | 2,696 IDR | +104% |
| PT Astra Agro Lestari Tbk AALI | 7,175 IDR | 16,058 IDR | +124% |
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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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