Sarana Mitra Luas (SMIL) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Sarana Mitra Luas stock IDR 127, price IDR 408, that is 68.9% below the price, quality 51 out of 100. Rating: strongly overvalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
42‑month range 99.29 IDR – 750.00 IDR · fair‑value band 88.92 IDR – 165.14 IDR · the 408.00 IDR price screens above the 127.03 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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PT Sarana Mitra Luas Tbk operates as a forklift rental company in Indonesia.
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It offers material handling equipment, such as engine counterbalance forklifts, electric counterbalance forklifts, reach trucks, warehouse equipment, loaders, and forklift attachments, as well as BSLBATT forklift lithium batteries and chargers.
The company also provides material handling solutions, including rental units and operators, output-based rental, machine installation, and forklift sales and repair. PT Sarana Mitra Luas Tbk was founded in 1996 and is headquartered in Bekasi, Indonesia.
Stock analysis
Sarana Mitra Luas (SMIL) currently trades at 408.00 IDR, while our model-based Fair Value estimate is 127.03 IDR, 69% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 163.18 IDR per share, and 0 of the 16 models we run sit above the 408.00 IDR price.
Bear case: the Dividend Discount group reads lowest at 33.68 IDR, and 16 of the 16 models stay below the price. Data coverage for this calculation is low.
Scenario range: 88.92 IDR (bear) to 165.14 IDR (bull), the price of 408.00 IDR sits above 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 Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Sarana Mitra Luas reported revenue of 408B IDR in FY2025 versus 301B IDR in FY2021, a compound +7.9%/yr. Reported net income was 66.0B IDR in FY2025, compounding −3.1%/yr from FY2021.
Key figures
Market cap 3.6T IDR (≈ $198M) Micro · P/E ratio 47.8 · P/S ratio 7.94 · EPS (TTM) 8.54 IDR · Dividend yield 0.9% · Net margin 16.8% · Return on equity 9.9% · Return on assets (EBIT) 11.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 66 out of 100 (low confidence).
What moves the price
The share trades about 19% below its 52-week high and 82% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −15% fair-value upside, at −69%, SMIL screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (33.46 IDR to 360.95 IDR). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear88.92 IDRFair Value 127.03 IDRBull165.14 IDR
Price 408.00 IDR · Downside -68.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (7.32 IDR per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.43/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+11.6%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+15.8%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+8.0%
Start year 2020 (pandemic)
Revenue growth 6 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+8.2%
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What shareholders gained per year (last 5 years), in IDR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in IDR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+6.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+5.5%
Dividend (yield on the price)0.9%
Profit margin 2019 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.22% → 26%
Price, fair value, quality and upside side by side.
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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.Rental & Leasing Services · 85 stocks
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Sarana Mitra Luas Fair Value". https://www.fairvalue-calculator.com/stock/SMIL
Frequently asked questions
Is Sarana Mitra Luas (SMIL) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 127.03 IDR versus a price of 408.00 IDR, about 69% lower (overvalued).
What is the fair value of SMIL?
Our model-based fair value for Sarana Mitra Luas is 127.03 IDR (as of Nov 6, 2026), built from audited fundamentals. The current price: 408.00 IDR.
What is the quality score of SMIL?
Sarana Mitra Luas has a Quality Score of 51/100. 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 price target for Sarana Mitra Luas (SMIL)?
Our model-based price target is the fair value of 127.03 IDR (as of Nov 6, 2026) from 16 valuation models. Cautious scenario 88.92 IDR, optimistic scenario 165.14 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Sarana Mitra Luas stock forecast for 2026?
Our models put fair value at 127.03 IDR, about 69% lower versus a price of 408.00 IDR (overvalued). Cautious scenario 88.92 IDR, optimistic scenario 165.14 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Sarana Mitra Luas (SMIL)?
Sarana Mitra Luas reported trailing-twelve-month revenue of about 450B IDR (latest available figure, as of Nov 6, 2026).
Does Sarana Mitra Luas pay a dividend?
Sarana Mitra Luas currently shows a dividend yield of 0.88% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Sarana Mitra Luas (SMIL)?
Sarana Mitra Luas has a dividend yield of 0.9%.
What is the intrinsic value of Sarana Mitra Luas (SMIL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sarana Mitra Luas it is 127.03 IDR per share (as of Nov 6, 2026), against a price of 408.00 IDR. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Sarana Mitra Luas stock overvalued or undervalued in 2026?
As of Nov 6, 2026, SMIL trades above its calculated fair value: price 408.00 IDR, fair value 127.03 IDR, a gap of about −69% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SMIL?
No. The price is what the market pays today (408.00 IDR); the fair value is what the company's own numbers justify (127.03 IDR). For Sarana Mitra Luas the two are 280.97 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Sarana Mitra Luas worth?
The market values Sarana Mitra Luas at about 3.6T IDR (market capitalisation, as of Nov 6, 2026). Per share that is 408.00 IDR; our models calculate a fair value of 127.03 IDR per share.
What do the bullish and bearish scenarios say about SMIL?
Our models span a range for Sarana Mitra Luas: cautious scenario 88.92 IDR, base 127.03 IDR, optimistic 165.14 IDR per share (as of Nov 6, 2026, price 408.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SMIL?
Sarana Mitra Luas trades at a price-to-earnings ratio of 47.8 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 127.03 IDR is built from several models across several years. Other multiples: P/B 4.9, P/S 7.9, EV/EBITDA 14.5.
How solid is the balance sheet of Sarana Mitra Luas (SMIL)?
Balance-sheet figures for Sarana Mitra Luas (as of Nov 6, 2026): return on equity 9.9%, debt of 0.42 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is SMIL from its 52-week high?
Sarana Mitra Luas trades at 408.00 IDR, about 19% below its 52-week high of 505.00 IDR and 82% above the low of 224.00 IDR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 127.03 IDR is for.
Which stocks are comparable to Sarana Mitra Luas?
From the same area (Industrials) we also value United Rentals, Inc, Sunbelt Rentals Holdings, AerCap Holdings, U-Haul Holding, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Sarana Mitra Luas stock attractive at the current price?
The data as of Nov 6, 2026: price 408.00 IDR, calculated fair value 127.03 IDR (−69%), Quality Score 51/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SMIL calculated?
We run Sarana Mitra Luas through 16 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 127.03 IDR builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Sarana Mitra Luas itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Sarana Mitra Luas (SMIL)?
The closing price on Nov 6, 2026 was 408.00 IDR. Our model-based fair value is 127.03 IDR, about 69% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sarana Mitra Luas right now?
The price sits above even our optimistic bull case (165.14 IDR). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (88.92 IDR to 165.14 IDR) leaves room in how you read the outcome.
Key figures of Sarana Mitra Luas
How large is the market capitalisation of Sarana Mitra Luas (SMIL)?
The market capitalisation of Sarana Mitra Luas is 3.6T IDR (≈ $198M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Sarana Mitra Luas (SMIL)?
The price-to-sales ratio of Sarana Mitra Luas is 7.94 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Sarana Mitra Luas (SMIL)?
Earnings per share at Sarana Mitra Luas are 8.54 IDR (price ÷ EPS = P/E 47.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sarana Mitra Luas (SMIL)?
The dividend yield of Sarana Mitra Luas is 0.9% (payout 41.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Sarana Mitra Luas (SMIL)?
The net margin of Sarana Mitra Luas is 16.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Sarana Mitra Luas (SMIL)?
The return on equity (ROE) of Sarana Mitra Luas is 9.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Sarana Mitra Luas (SMIL)?
On an EBIT basis the return on assets of Sarana Mitra Luas is 11.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Sarana Mitra Luas (SMIL)?
The operating margin of Sarana Mitra Luas is 40.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sarana Mitra Luas (SMIL)?
Revenue at Sarana Mitra Luas is growing +11.1% versus a year earlier (3y avg +15.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Sarana Mitra Luas (SMIL)?
Earnings per share at Sarana Mitra Luas are growing +26.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Sarana Mitra Luas (SMIL) generate?
The free cash flow of Sarana Mitra Luas is −88.7B IDR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Sarana Mitra Luas (SMIL) carry?
The net debt of Sarana Mitra Luas is 318B IDR (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 6, 2026