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PT Saraswanti Indoland Development Tbk (SWID) Fair Value & Analysis

Real Estate · ID · Market cap 490B IDR

PS PT Saraswanti Indoland Development Tbk SWID · JK
Price104.00 IDR
Fair Value129.51 IDR
Upside+24.5%
Quality57/100
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Expensive Growth
Highly profitable · 24.0% net margin
Low debt · negative free cash flow
2.46% dividend yield
Ranks above peers (9/10)
Wide moat 70/100
Evidence: High Range 97.13 IDR – 166.88 IDR Share as image

Fair value as of: Jul 19, 2026

From 9 valuation models · updated 22 days ago

Share price +13.0% over the past month.

A solid business, screening 25% undervalued on our models.

What matters now

  • Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (4 years)

201.65 IDR 52.82 IDR Fair Value 129.51 IDR Jul 2022 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

49‑month range 52.82 IDR – 201.65 IDR · fair‑value band 97.13 IDR – 166.88 IDR · the 104.00 IDR price screens below the 129.51 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.

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Analysis

PT Saraswanti Indoland Development Tbk (SWID) currently trades at 104.00 IDR, while our model-based Fair Value estimate is 129.51 IDR, implying the stock looks roughly 24.5% undervalued today. The Quality Score stands at 57/100 (solid quality), in the Real Estate 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: high), always confirm before acting.

Over the trailing twelve months, PT Saraswanti Indoland Development Tbk generated revenue of 184B IDR at a net margin of 24.0%. Revenue grew 35.7% year over year. It earns a return on equity of 17.1%. Net debt stands at 154B IDR. Fundamentals as of Jul 19, 2026

Our scenario range runs from 97.13 IDR (bear case) to 166.88 IDR (bull case); at 104.00 IDR, the current price sits within 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 42% below its 52-week high and 86% 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 25%, SWID 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.

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
Residual Income 52.83 IDR 71.26 IDR 233.02 IDR 76
Gordon GGM 9.03 IDR 19.72 IDR 33.19 IDR 70
DDM Multi-Stage 9.03 IDR 16.08 IDR 20.56 IDR 61
All 9 models by family
Dividend Discount
Gordon GGM 9.03 IDR 19.72 IDR 33.19 IDR 70
DDM Multi-Stage 9.03 IDR 16.08 IDR 20.56 IDR 61
Multiples
P/S Multiple 97.13 IDR 129.51 IDR 161.88 IDR 58
P/B Multiple 76.67 IDR 102.22 IDR 127.78 IDR 55
EV/EBIT 168.72 IDR 232.35 IDR 295.98 IDR 53
EV/EBITDA 144.55 IDR 200.12 IDR 255.69 IDR 54
EV/Revenue 83.12 IDR 128.23 IDR 173.35 IDR 43
Asset-Based
NCAV (Graham) 25.56 IDR 34.24 IDR 51.11 IDR 50
Economic Profit
Residual Income 52.83 IDR 71.26 IDR 233.02 IDR 76

Widest divergence: Multiples (129.51 IDR) versus Dividend Discount (16.08 IDR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 184B IDR
Revenue growth (YoY) +35.7%
Net margin 24.0%
Return on equity 17.1%
Free cash flow −17.8B IDR FY2025
Operating margin 22.3%
More key figures
EPS growth (YoY) +5,048%
Net debt 154B IDR FY2025

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

Quality Score breakdown

Overall quality 57/100

Of which business quality 55 · Market factors (momentum, volatility) 38

Profitability 52
Margins and returns on capital today
Quality Growth 78
Are margins and returns improving?
Cashflow 28
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 24
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 31
Price trend over the last 3–12 months (market factor)
52W Momentum 38
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 Saraswanti Indoland Development Tbk develops and sells real estate properties in Indonesia. It operates through Property and Hospitality segments. The company is also involved in the construction, trading, warehousing, accommodation, real estate, and rental activities.

Full company description

PT Saraswanti Indoland Development Tbk develops and sells real estate properties in Indonesia. It operates through Property and Hospitality segments. The company is also involved in the construction, trading, warehousing, accommodation, real estate, and rental activities. In addition, it operates The Alana Yogyakarta hotel and convention center, Innside by Melia Yogyakarta; and apartments, condotels, and villas. The company was founded in 2010 and is headquartered in Sleman, Indonesia. PT Saraswanti Indoland Development Tbk is a subsidiary of PT Saraswanti Utama.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Saraswanti Indoland Development Tbk reported revenue of 176B IDR in FY2025 versus 127B IDR in FY2021, a compound +8.5%/yr. Reported net income was 41.0B IDR in FY2025, compounding +19.0%/yr from FY2021.

Growth Quality 36/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
176B IDR
Latest YoY
+30.3%
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.
+9.2%
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.
+2.9%
Avg. growth/yr (6Y) 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.
+8.9%
Revenue +8.5%/yr
FY21 127B IDR
FY22 135B IDR
FY23 143B IDR
FY24 135B IDR
FY25 176B IDR
Net income +19.0%/yr
FY21 20.4B IDR
FY22 22.9B IDR
FY23 21.2B IDR
FY24 18.6B IDR
FY25 41.0B IDR

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Cite: Fair Value Calculator (2026). "PT Saraswanti Indoland Development Tbk Fair Value". https://www.fairvalue-calculator.com/stock/SWID

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.

Quality Score 56 · Top 25%
Fair Value upside +25% · Above median
Return on equity (TTM) 17% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 24% · Top 25%
Operating margin (TTM) 22% · Above median
Revenue growth 36% · Top 25%
Dividend yield (TTM) 2.5% · Above median
Debt / equity 0.47× · Higher than median

Valuation Multiples vs Real Estate - Development median · lower = cheaper

EV/EBITDA 1.6× · 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 66 · sector 48
FUTURE 100 · sector 0
PAST 68 · sector 10
HEALTH 77 · sector 84
DIVIDEND 49 · sector 38

Insider activity: 40/100

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 Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Jul 19, 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

Is PT Saraswanti Indoland Development Tbk (SWID) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 129.51 IDR versus a price of 104.00 IDR, about +25% (undervalued).
What is the fair value of SWID?
Our model-based fair value for PT Saraswanti Indoland Development Tbk is 129.51 IDR (as of Jul 19, 2026), built from audited fundamentals. The current price is 104.00 IDR.
What is the quality score of SWID?
PT Saraswanti Indoland Development Tbk has a Quality Score of 57/100. 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 Saraswanti Indoland Development Tbk (SWID)?
PT Saraswanti Indoland Development Tbk reported trailing-twelve-month revenue of about 184B IDR (latest available figure, as of Jul 19, 2026).
What is the net profit margin of SWID?
The net profit margin of PT Saraswanti Indoland Development Tbk is about 24.0%, meaning it keeps roughly 24.0% 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.

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