Semen Indonesia Persero Tbk (SMGR) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Semen Indonesia Persero Tbk IDR 3,618, price IDR 1,615, upside +124.0%, quality 51 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
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Semen Indonesia Persero Tbk
SMGR · JKClearly undervaluedStrong Fair Value upside, but quality is only moderate.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 1,395 IDR – 9,575 IDR · fair‑value band 2,973 IDR – 3,618 IDR · the 1,615 IDR price screens below the 3,618 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Company profile
PT Semen Indonesia (Persero) Tbk manufactures, packs, and distributes cement in Indonesia and internationally. It operates through Cement Production and Non-Cement Production segments.
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PT Semen Indonesia (Persero) Tbk manufactures, packs, and distributes cement in Indonesia and internationally. It operates through Cement Production and Non-Cement Production segments. The company is also involved in limestone and clay mining; cement bag manufacturing; industrial real estate development and building rental; ready-mix concrete and aggregates quarry production; and mining, trading, transportation, and construction activities. In addition, it engages in the information system, investment, freight forwarding, stevedoring, sea transportation service, logistic management, and outsourcing businesses, as well as procures public goods and services. PT Semen Indonesia (Persero) Tbk was formerly known as PT Semen Gresik (Persero) Tbk and changed its name to PT Semen Indonesia (Persero) Tbk in January 2013. The company was founded in 1953 and is headquartered in Jakarta Selatan, Indonesia. PT Semen Indonesia (Persero) Tbk operates as a subsidiary of PT Danantara Asset Management (Persero).
Stock analysis
Semen Indonesia Persero Tbk (SMGR) currently trades at 1,615 IDR, while our model-based Fair Value estimate is 3,618 IDR, implying the stock looks roughly 55.4% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 4,583 IDR per share, and 15 of the 26 models we run sit above the 1,615 IDR price.
Bear case: the Growth Earnings group reads lowest at 435.20 IDR, and 11 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: 2,973 IDR (bear) to 3,618 IDR (bull), the price of 1,615 IDR sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 51/100 (solid quality), in the Basic Materials sector.
Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Semen Indonesia Persero Tbk reported revenue of 35.2T IDR in FY2025 versus 35.0T IDR in FY2021, a compound +0.2%/yr. Reported net income was 191B IDR in FY2025, compounding −44.7%/yr from FY2021.
Key figures
Market cap 10.9T IDR (≈ $1.1B) · P/E ratio 47.5 · P/S ratio 0.26 · EPS (TTM) 34.01 IDR · Dividend yield 6.4% · Net margin 0.5% · Return on equity 0.4% · Return on assets (EBIT) 4.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 49% below its 52-week high and 16% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −47% fair-value upside, at 124%, SMGR screens cheaper than that median.
Fair Value models
All 26 models by family
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Set up alert →Quality Score breakdown
Of which business quality 52 · Market factors (momentum, volatility) 28
Revenue & earnings trend
Growth Forecast
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Compare Semen Indonesia Persero Tbk with another stock
Price, fair value, quality and upside side by side.
Peer Groupⓘ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.Building Materials · 257 stocks
Valuation Multiplesvs Building Materials median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Materials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Building Materials stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| CRH plc CRH | $88.04 | $74.79 | −15% |
| Holcim AG HOLN | CHF 68.02 | CHF 33.05 | −51% |
| Vulcan Materials Company VMC | $247.87 | $131.48 | −47% |
| UltraTech Cement Limited ULTRACEMCO | ₹11,155 | ₹4,719 | −58% |
| Martin Marietta Materials, Inc MLM | $499.34 | $245.83 | −51% |
| China Jushi Co 600176 | ¥45.62 | ¥29.50 | −35% |
| Amrize AG AMRZ | $39.00 | $34.66 | −11% |
| Grasim Industries Limited GRASIM | ₹3,189 | ₹1,245 | −61% |
| CEMEX, S.A. CX | $10.24 | $25.27 | +147% |
| James Hardie Industries plc JHX | A$38.17 | A$7.93 | −79% |
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