Golden Eagle Energy Tbk (SMMT) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Golden Eagle Energy Tbk IDR 396, price IDR 2,940, upside -86.5%, quality 54 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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 76.62 IDR – 3,100 IDR · fair‑value band 244.90 IDR – 619.67 IDR · the 2,940 IDR price screens above the 396.02 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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PT Golden Eagle Energy Tbk engages in the coal mining business in Indonesia. The company owns interests in a coal concession that covers an area of 3,238 hectares located in East Kalimantan; and 2,143 hectares located in South Sumatera. It is also involved in general surveying, exploration, exploitation, processing, refining, and trading activities.
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PT Golden Eagle Energy Tbk engages in the coal mining business in Indonesia. The company owns interests in a coal concession that covers an area of 3,238 hectares located in East Kalimantan; and 2,143 hectares located in South Sumatera. It is also involved in general surveying, exploration, exploitation, processing, refining, and trading activities. In addition, the company offers mining support services. The company was formerly known as PT Eatertainment International Tbk and changed its name to PT Golden Eagle Energy Tbk in August 2012. PT Golden Eagle Energy Tbk was incorporated in 1980 and is headquartered in Jakarta, Indonesia. PT Golden Eagle Energy Tbk operates as a subsidiary of PT Geo Energy Investama.
Stock analysis
Golden Eagle Energy Tbk (SMMT) currently trades at 2,940 IDR, while our model-based Fair Value estimate is 396.02 IDR, implying the stock looks roughly 642.4% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 801.26 IDR per share, and 0 of the 24 models we run sit above the 2,940 IDR price.
Bear case: the Asset-Based group reads lowest at 105.53 IDR, and 24 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: 244.90 IDR (bear) to 619.67 IDR (bull), the price of 2,940 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 54/100 (solid quality), in the Energy sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Golden Eagle Energy Tbk reported revenue of 1.7T IDR in FY2025 versus 508B IDR in FY2021, a compound +35.3%/yr. Reported net income was 66.9B IDR in FY2025, compounding −26.8%/yr from FY2021.
Key figures
Market cap 9.8T IDR (≈ $982M) · P/E ratio 203.0 · P/S ratio 7.96 · EPS (TTM) 14.48 IDR · Net margin 3.9% · Return on equity 5.6% · Return on assets (EBIT) 10.5% · Operating margin 5.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 31 out of 100 (low confidence).
What moves the price
The share trades about 5% below its 52-week high and 185% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at −32% fair-value upside, at −87%, SMMT screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (105.53 IDR to 1,068 IDR). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear 244.90 IDRFair Value 396.02 IDRBull 619.67 IDR
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (10.59 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.Evidence ⓘEvidence = 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.77/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+108.8%
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.
+17.6%
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.
+52.1%
Start year 2020 (pandemic). Over 10 years: +50.4% a year
Revenue growth 18 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.
+25.1%
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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.
−12.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−12.1%
Dividend (yield on the price)0.0%
Profit margin 2020 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.−13% → 4%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+59.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Indonesia: IMF forecast 2.6% a year to 2030, 2.9% from 2016 to 2025) that is about +55.2% a year for the price.
Compare Golden Eagle Energy Tbk with another stock
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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.Thermal Coal · 100 stocks
Beats the industry median on 2/10 measures
Overall it trails its industry peers.
Valuation
Quality Score54 · Above median
Fair Value upside−87% · Bottom 25%
Profitability
Return on equity (TTM)6% · Below median
Return on assets2% · Below median
Net margin (TTM)3% · Below median
Operating margin (TTM)5% · Below median
Growth and dividend
Revenue growth−21% · Bottom 25%
Valuation Multiplesvs Thermal Coal median · lower = cheaper
P/E (TTM)203.0× · Priciest 25%
P/S (TTM)10.07× · Priciest 25%
P/FCF0.0× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 15
FUTURE (revenue growth)0· sector 4
PAST (return on equity)22· sector 23
HEALTH (low debt)100· sector 92
DIVIDEND (yield)0· sector 55
VALUE 0: the price sits above our fair-value range.
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). "Golden Eagle Energy Tbk Fair Value". https://www.fairvalue-calculator.com/stock/SMMT
Frequently asked questions
Is Golden Eagle Energy Tbk (SMMT) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 396.02 IDR versus a price of 2,940 IDR, about −87% upside (overvalued).
What is the fair value of SMMT?
Our model-based fair value for Golden Eagle Energy Tbk is 396.02 IDR (as of Sep 24, 2026), built from audited fundamentals. The current price: 2,940 IDR.
What is the quality score of SMMT?
Golden Eagle Energy Tbk has a Quality Score of 54/100. 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 Golden Eagle Energy Tbk (SMMT)?
Our model-based price target is the fair value of 396.02 IDR (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 244.90 IDR, optimistic scenario 619.67 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Golden Eagle Energy Tbk stock forecast for 2026?
Our models put fair value at 396.02 IDR, about −87% upside versus a price of 2,940 IDR (overvalued). Cautious scenario 244.90 IDR, optimistic scenario 619.67 IDR. The calculation is refreshed regularly with new filings.
What growth is priced into Golden Eagle Energy Tbk (SMMT)?
For today's price to be fair in a discounted-cash-flow model, Golden Eagle Energy Tbk would have to grow free cash flow by +59.2 % per year for five years (discount rate 12.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +52.1 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of SMMT use?
Our models discount Golden Eagle Energy Tbk at 12.5 %: a base by market capitalisation (small), damped by beta 0.71, country premium for Indonesia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Golden Eagle Energy Tbk that is +59.2 % per year a year over ten years, using the same discount rate (12.5 %) and the same formula as our fair value.
How much growth has Golden Eagle Energy Tbk (SMMT) delivered so far?
Over the past 5 years revenue at Golden Eagle Energy Tbk grew +52.1 % a year. The price currently implies +59.2 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Golden Eagle Energy Tbk (SMMT) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into Golden Eagle Energy Tbk (+59.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Golden Eagle Energy Tbk (SMMT)?
The free-cash-flow yield on the price is 0.66 %: that much free cash flow Golden Eagle Energy Tbk produces per unit of market value. When it exceeds the discount rate of our models (12.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Golden Eagle Energy Tbk (SMMT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Golden Eagle Energy Tbk it is 396.02 IDR per share (as of Sep 24, 2026), against a price of 2,940 IDR. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Golden Eagle Energy Tbk stock overvalued or undervalued in 2026?
As of Sep 24, 2026, SMMT trades above its calculated fair value: price 2,940 IDR, fair value 396.02 IDR, a gap of about −87% (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 SMMT?
No. The price is what the market pays today (2,940 IDR); the fair value is what the company's own numbers justify (396.02 IDR). For Golden Eagle Energy Tbk the two are 2,544 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Golden Eagle Energy Tbk worth?
The market values Golden Eagle Energy Tbk at about 9.8T IDR (market capitalisation, as of Sep 24, 2026). Per share that is 2,940 IDR; our models calculate a fair value of 396.02 IDR per share.
What do the bullish and bearish scenarios say about SMMT?
Our models span a range for Golden Eagle Energy Tbk: cautious scenario 244.90 IDR, base 396.02 IDR, optimistic 619.67 IDR per share (as of Sep 24, 2026, price 2,940 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SMMT?
Golden Eagle Energy Tbk trades at a price-to-earnings ratio of 203.0 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 396.02 IDR is built from several models across several years. Other multiples: P/S 10.1.
How solid is the balance sheet of Golden Eagle Energy Tbk (SMMT)?
Balance-sheet figures for Golden Eagle Energy Tbk (as of Sep 24, 2026): return on equity 5.6%. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is SMMT from its 52-week high?
Golden Eagle Energy Tbk trades at 2,940 IDR, about 5% below its 52-week high of 3,100 IDR and 185% above the low of 1,030 IDR (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 396.02 IDR is for.
Which stocks are comparable to Golden Eagle Energy Tbk?
From the same area (Energy) we also value China Shenhua Energy Company, PT Bayan Resources Tbk.,, Adani Enterprises Limited, Shaanxi Coal Industry Company, 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 Golden Eagle Energy Tbk stock attractive at the current price?
The data as of Sep 24, 2026: price 2,940 IDR, calculated fair value 396.02 IDR (−87%), Quality Score 54/100, from 24 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 SMMT calculated?
We run Golden Eagle Energy Tbk through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 396.02 IDR, 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 14.1 % above its aggregate fair value. Golden Eagle Energy Tbk 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 Golden Eagle Energy Tbk (SMMT)?
The closing price on Sep 23, 2026 was 2,940 IDR. Our model-based fair value is 396.02 IDR, about −87% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Golden Eagle Energy Tbk right now?
The price sits above even our optimistic bull case (619.67 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 (54/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (244.90 IDR to 619.67 IDR) leaves room in how you read the outcome.
Key figures of Golden Eagle Energy Tbk
How large is the market capitalisation of Golden Eagle Energy Tbk (SMMT)?
The market capitalisation of Golden Eagle Energy Tbk is 9.8T IDR (≈ $982M). 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 Golden Eagle Energy Tbk (SMMT)?
The price-to-sales ratio of Golden Eagle Energy Tbk is 7.96 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Golden Eagle Energy Tbk (SMMT)?
Earnings per share at Golden Eagle Energy Tbk are 14.48 IDR (price ÷ EPS = P/E 203.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Golden Eagle Energy Tbk (SMMT)?
The net margin of Golden Eagle Energy Tbk is 3.9% (fiscal year 2025). 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 Golden Eagle Energy Tbk (SMMT)?
The return on equity (ROE) of Golden Eagle Energy Tbk is 5.6% (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 Golden Eagle Energy Tbk (SMMT)?
On an EBIT basis the return on assets of Golden Eagle Energy Tbk is 10.5% (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 Golden Eagle Energy Tbk (SMMT)?
The operating margin of Golden Eagle Energy Tbk is 5.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Golden Eagle Energy Tbk (SMMT)?
Revenue at Golden Eagle Energy Tbk is growing −20.9% versus a year earlier (3y avg +17.6%). 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 Golden Eagle Energy Tbk (SMMT)?
Earnings per share at Golden Eagle Energy Tbk are growing −65.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Golden Eagle Energy Tbk (SMMT) carry?
The net debt of Golden Eagle Energy Tbk is 384B IDR (fiscal year 2025, ≈ 6.0 yrs of FCF). 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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