EN DE

PT Surya Pertiwi Tbk (SPTO) Fair Value & Analysis

Consumer Cyclical · ID · Market cap 1.6T IDR

PS PT Surya Pertiwi Tbk SPTO · JK
Price600.00 IDR
Fair Value1,439 IDR
Upside+139.9%
Quality59/100
Watch PT Surya Pertiwi Tbk for free, get notified when fair value or trend changes. Watch for free
Mixed Growth
Thin margins · 9.0% net margin
Low debt · generates free cash flow
Ranks above peers (11/14)
Moderate moat 46/100
Evidence: Medium Range 870.92 IDR – 2,149 IDR Share as image

Fair value as of: Jul 19, 2026

From 25 valuation models · updated 22 days ago

Share price +4.3% over the past month.

A solid business, screening 140% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (870.92 IDR). The market is more pessimistic than our downside scenario.
  • Solid quality (59/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (870.92 IDR to 2,149 IDR) leaves room in how you read the outcome.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

628.86 IDR 271.59 IDR Fair Value 1,439 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range 271.59 IDR – 628.86 IDR · fair‑value band 870.92 IDR – 2,149 IDR · the 600.00 IDR price screens below the 1,439 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

PT Surya Pertiwi Tbk (SPTO) currently trades at 600.00 IDR, while our model-based Fair Value estimate is 1,439 IDR, implying the stock looks roughly 139.9% undervalued today. The Quality Score stands at 59/100 (solid quality), in the Consumer Cyclical 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: medium), always confirm before acting.

Over the trailing twelve months, PT Surya Pertiwi Tbk generated revenue of 2.7T IDR at a net margin of 9.0%. Revenue declined 12.1% year over year. It earns a return on equity of 11.1%. Net debt stands at 148B IDR. Fundamentals as of Jul 19, 2026

Our scenario range runs from 870.92 IDR (bear case) to 2,149 IDR (bull case); at 600.00 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 11% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 16% fair-value upside, at 140%, SPTO screens cheaper 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.

Model 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
Highest evidence
Growth DCF 448.07 IDR 638.36 IDR 911.75 IDR 80
Residual Income 681.36 IDR 842.75 IDR 1,860 IDR 76
Rev-Margin DCF 870.92 IDR 1,436 IDR 2,033 IDR 74
All 25 models by family
DCF Models
FCF DCF 433.61 IDR 636.30 IDR 939.86 IDR 38
Owner Earnings 1,189 IDR 1,750 IDR 2,590 IDR 31
5Y Revenue Exit 870.92 IDR 1,439 IDR 2,149 IDR 39
5Y EBITDA Exit 1,028 IDR 1,718 IDR 2,496 IDR 41
5Y P/E Exit 1,056 IDR 1,768 IDR 2,482 IDR 38
10Y Revenue Exit 674.07 IDR 1,161 IDR 1,778 IDR 36
10Y EBITDA Exit 809.61 IDR 1,354 IDR 2,037 IDR 37
10Y P/E Exit 827.55 IDR 1,388 IDR 2,026 IDR 35
Earnings-Based
Graham-Dodd 682.26 IDR 1,587 IDR 2,040 IDR 54
PEG = 1.0 269.69 IDR 385.27 IDR 500.86 IDR 46
EPV 1,088 IDR 1,279 IDR 1,449 IDR 59
Dividend Discount
Gordon GGM 673.33 IDR 1,180 IDR 1,834 IDR 70
DDM Multi-Stage 673.33 IDR 1,013 IDR 1,405 IDR 61
Multiples
P/E Multiple 1,580 IDR 2,107 IDR 2,634 IDR 63
P/S Multiple 1,279 IDR 1,706 IDR 2,132 IDR 58
P/B Multiple 1,279 IDR 1,706 IDR 2,132 IDR 55
EV/EBIT 1,648 IDR 2,195 IDR 2,742 IDR 53
EV/EBITDA 1,537 IDR 2,048 IDR 2,558 IDR 54
EV/Revenue 1,178 IDR 1,680 IDR 2,182 IDR 43
Asset-Based
NCAV (Graham) 317.55 IDR 425.51 IDR 635.09 IDR 50
Growth DCF
Growth DCF 448.07 IDR 638.36 IDR 911.75 IDR 80
Rev-Margin DCF 870.92 IDR 1,436 IDR 2,033 IDR 74
Economic Profit
Residual Income 681.36 IDR 842.75 IDR 1,860 IDR 76
ROIC Compounder 1,135 IDR 1,411 IDR 1,721 IDR 72
Growth Earnings
Growth-Adj P/E 1,193 IDR 1,704 IDR 2,215 IDR 68

Widest divergence: Multiples (1,706 IDR) versus Asset-Based (425.51 IDR). Highest evidence: Growth DCF (80).

Notify me when SPTO reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 2.7T IDR
Revenue growth (YoY) -12.1%
Net margin 9.0%
Return on equity 11.1%
Free cash flow 103B IDR FY2025
P/E ratio 6.2
More key figures
Operating margin 7.5%
EPS (TTM) 89.82 IDR
EPS growth (YoY) -46.7%
Net debt 148B IDR FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 57 · Market factors (momentum, volatility) 62

Profitability 53
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 28
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 99
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 55
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

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 Surya Pertiwi Tbk distributes bathroom and kitchen products in Indonesia. The company operates through four segments: Sanitary, Fitting, Kitchen, and Others. The company offers porcelain sanitary, wood and others furniture, flooring, walling, sanitary and ceiling equipment, and self-owned or leased real estate properties.

Full company description

PT Surya Pertiwi Tbk distributes bathroom and kitchen products in Indonesia. The company operates through four segments: Sanitary, Fitting, Kitchen, and Others. The company offers porcelain sanitary, wood and others furniture, flooring, walling, sanitary and ceiling equipment, and self-owned or leased real estate properties. The company offers its products under the TOTO, Zanru, Villeroy & Boch, Geberit, Stiebel Eltron, Franke, Kaldewei, Eco, Jacuzzi, K1892, and W.Atelier brand names. It sells its products through dealers, and sales agents and representatives. PT Surya Pertiwi Tbk was founded in 1968 and is headquartered in Jakarta Barat, Indonesia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Surya Pertiwi Tbk reported revenue of 2.8T IDR in FY2025 versus 2.2T IDR in FY2021, a compound +5.6%/yr. Reported net income was 271B IDR in FY2025, compounding +8.3%/yr from FY2021.

Growth Quality 56/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
2.8T IDR
Latest YoY
−4.7%
Avg. growth/yr (3Y) 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.
+3.5%
Avg. growth/yr (5Y) 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.
+7.8%
Avg. growth/yr (10Y) 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.
+2.5%
Revenue +5.6%/yr
FY21 2.2T IDR
FY22 2.5T IDR
FY23 2.6T IDR
FY24 2.9T IDR
FY25 2.8T IDR
Net income +8.3%/yr
FY21 197B IDR
FY22 207B IDR
FY23 255B IDR
FY24 287B IDR
FY25 271B IDR
Character of growth · EPS growth decomposed (2015-2025) +2.7 % p.a.
Revenue per share +3.2 pp

of which total revenue +3.2 pp · buybacks/dilution +0.0 pp

EBIT margin −0.7 pp
Tax rate +1.3 pp
Residual (interest, one-offs) −1.0 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).

Watch SPTO: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "PT Surya Pertiwi Tbk Fair Value". https://www.fairvalue-calculator.com/stock/SPTO

Peer Group

Furnishings, Fixtures & Appliances · 311 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.

Quality Score 59 · Above median
Fair Value upside +140% · Top 25%
Return on equity (TTM) 11% · Above median
Return on assets 6% · Top 25%
Net margin (TTM) 9% · Top 25%
Operating margin (TTM) 7% · Above median
Revenue growth -12% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.06× · Higher than median

Valuation Multiples vs Furnishings, Fixtures & Appliances median · lower = cheaper

P/E (TTM) 6.6× · Cheaper than 75% of peers
P/B 0.93× · Cheaper than median
P/S (TTM) 0.59× · Cheaper than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 4.1× · Cheaper than 75% of peers

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 100 · sector 22
FUTURE 0 · sector 0
PAST 44 · sector 19
HEALTH 97 · sector 97
DIVIDEND 0 · sector 55

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Furnishings, Fixtures & Appliances stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Midea Group 000333 ¥82.71 ¥107.22 +30%
Gree Electric Appliances, Inc 000651 ¥38.25 ¥88.02 +130%
Haier Smart Home Co 600690 ¥21.46 ¥36.04 +68%
King Slide Works Co 2059 8,655 TWD 1,917 TWD -78%
Guangdong Songfa Ceramics Co 603268 ¥155.59 ¥38.95 -75%
SharkNinja, Inc SN $154.53 $89.07 -42%
Hisense Home Appliances Group 000921 ¥26.33 ¥48.03 +82%
Zhejiang Supor Co 002032 ¥43.85 ¥44.84 +2%
COWAY Co 021240 96,700 KRW 112,530 KRW +16%
Ecovacs Robotics Co 603486 ¥50.13 ¥54.11 +8%

Compare PT Surya Pertiwi Tbk with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Consumer Cyclical stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is PT Surya Pertiwi Tbk (SPTO) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 1,439 IDR versus a price of 600.00 IDR, about +140% (undervalued).
What is the fair value of SPTO?
Our model-based fair value for PT Surya Pertiwi Tbk is 1,439 IDR (as of Jul 19, 2026), built from audited fundamentals. The current price is 600.00 IDR.
What is the quality score of SPTO?
PT Surya Pertiwi Tbk has a Quality Score of 59/100. 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 revenue of PT Surya Pertiwi Tbk (SPTO)?
PT Surya Pertiwi Tbk reported trailing-twelve-month revenue of about 2.7T IDR (latest available figure, as of Jul 19, 2026).
What is the net profit margin of SPTO?
The net profit margin of PT Surya Pertiwi Tbk is about 9.0%, meaning it keeps roughly 9.0% of revenue as net income. Based on the latest reported figures.

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.

14 days Pro free · no card

Track PT Surya Pertiwi Tbk and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.