PT Suryamas Dutamakmur Tbk (SMDM) Fair Value & Analysis
Real Estate · ID · Market cap 2.7T IDR
Fair value as of: Jul 16, 2026
From 9 valuation models · updated 25 days ago
Share price −1.8% over the past month.
Below-average quality, and screening another 76% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (166.34 IDR). The favourable scenario is already priced in.
- Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
- As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.
How to read this chart
60‑month range 100.00 IDR – 2,890 IDR · fair‑value band 101.27 IDR – 166.34 IDR · the 560.00 IDR price screens above the 133.81 IDR fair value. Dashed = 300-day average. As of Jul 16, 2026.
Analysis
PT Suryamas Dutamakmur Tbk (SMDM) currently trades at 560.00 IDR, while our model-based Fair Value estimate is 133.81 IDR, implying the stock looks roughly 76.1% overvalued today. The Quality Score stands at 45/100 (below-average quality), in the Real Estate 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: medium).
Over the trailing twelve months, PT Suryamas Dutamakmur Tbk generated revenue of 386B IDR at a net margin of 5.7%. Revenue grew 18.4% year over year. It earns a return on equity of 0.8%. The balance sheet holds a net cash position of 121B IDR. Fundamentals as of Jul 16, 2026
Our scenario range runs from 101.27 IDR (bear case) to 166.34 IDR (bull case); at 560.00 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 57% below its 52-week high and 30% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 32% fair-value upside, at -76%, SMDM 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 9 models by family
Widest divergence: Asset-Based (323.37 IDR) versus Dividend Discount (54.31 IDR). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 40 · Market factors (momentum, volatility) 24
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 Suryamas Dutamakmur Tbk engages in the development of real estate properties in Indonesia. The company is involved in the sale of land and houses. It also operates golf courses, country clubs, hotels, and other resort facilities; and provision of estate management services.
Full company description
PT Suryamas Dutamakmur Tbk engages in the development of real estate properties in Indonesia. The company is involved in the sale of land and houses. It also operates golf courses, country clubs, hotels, and other resort facilities; and provision of estate management services. The company was founded in 1989 and is headquartered in Jakarta Selatan, Indonesia. As of October 23, 2024, PT Suryamas Dutamakmur Tbk operates as a subsidiary of PT Bumi Serpong Damai Tbk.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
PT Suryamas Dutamakmur Tbk reported revenue of 386B IDR in FY2025 versus 567B IDR in FY2021, a compound −9.2%/yr. Reported net income was 22.1B IDR in FY2025, compounding −31.6%/yr from FY2021.
of which total revenue +0.6 pp · buybacks/dilution +0.0 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
SMDM screens 76% overvalued. Compare with DLF Limited →
Peer Group
Real Estate - Development · 588 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 Real Estate - Development 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.
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 Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| DLF Limited DLF | ₹657.75 | ₹159.49 | -76% |
| Lodha Developers Limited LODHA | ₹1,188 | ₹583.43 | -51% |
| PT Pantai Indah Kapuk Dua Tbk, PANI | 6,125 IDR | 1,330 IDR | -78% |
| Oberoi Realty Limited OBEROIRLTY | ₹1,925 | ₹1,183 | -39% |
| Godrej Properties Limited GODREJPROP | ₹2,102 | ₹1,044 | -50% |
| PT Jaya Real Property, Tbk., JRPT | 1,080 IDR | 1,674 IDR | +55% |
| PT Bumi Serpong Damai Tbk, BSDE | 555.00 IDR | 1,388 IDR | +150% |
| PT Sentul City Tbk, BKSL | 64.00 IDR | 84.16 IDR | +32% |
| PT Ciputra Development Tbk, CTRA | 555.00 IDR | 1,388 IDR | +150% |
| PT Duta Pertiwi Tbk DUTI | 4,100 IDR | 6,239 IDR | +52% |
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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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