PT Bukalapak.com Tbk.

DB:5E9 Stock Report

Market Cap: €978.5m

Bukalapak.com Valuation

Is 5E9 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 5E9 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

€0.00068
Fair Value
560.8% overvalued intrinsic discount
7
Number of Analysts

Below Fair Value: Insufficient data to calculate 5E9's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 5E9's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 5E9?

Key metric: As 5E9 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 5E9. This is calculated by dividing 5E9's market cap by their current revenue.
What is 5E9's PS Ratio?
PS Ratio3.7x
SalesRp5.13t
Market CapRp19.02t

Price to Sales Ratio vs Peers

How does 5E9's PS Ratio compare to its peers?

The above table shows the PS ratio for 5E9 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.4x
ECK LUDWIG BECK am Rathauseck - Textilhaus Feldmeier
0.6xn/a€45.4m
YOU ABOUT YOU Holding
0.6x6.37%€1.2b
DOU Douglas
0.3x3.72%€1.3b
HBH HORNBACH Holding KGaA
0.2x2.70%€1.5b
5E9 Bukalapak.com
3.7x15.10%€19.0t

Price-To-Sales vs Peers: 5E9 is expensive based on its Price-To-Sales Ratio (3.7x) compared to the peer average (0.4x).

Price to Sales Ratio vs Industry

How does 5E9's PS Ratio compare vs other companies in the European Multiline Retail Industry?

2 CompaniesPrice / SalesEstimated GrowthMarket Cap
5E9 3.7xIndustry Avg. 0.8xNo. of Companies4PS00.61.21.82.43+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 5E9 is expensive based on its Price-To-Sales Ratio (3.7x) compared to the European Multiline Retail industry average (0.8x).

Price to Sales Ratio vs Fair Ratio

What is 5E9's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

5E9 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.7x
Fair PS Ratio0.0009x

Price-To-Sales vs Fair Ratio: 5E9 is expensive based on its Price-To-Sales Ratio (3.7x) compared to the estimated Fair Price-To-Sales Ratio (0x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 5E9 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.0045
€0.0098
+117.33%
12.03%€0.012€0.0085n/a7
Sep ’26€0.004
€0.0099
+147.70%
12.04%€0.012€0.0086n/a7
Aug ’26€0.0035
€0.01
+190.69%
12.04%€0.012€0.0088n/a7
Jul ’26€0.002
€0.01
+402.00%
12.04%€0.012€0.0087n/a7
Jun ’26€0.0025
€0.01
+315.48%
35.57%€0.02€0.0057n/a10
May ’26€0.003
€0.0094
+212.80%
37.15%€0.019€0.0055n/a12
Apr ’26€0.003
€0.0097
+224.87%
38.29%€0.021€0.0059n/a13
Mar ’26€0.003
€0.01
+240.47%
38.29%€0.022€0.0062n/a13
Feb ’26€0.003
€0.01
+241.90%
38.39%€0.022€0.0062n/a14
Jan ’26€0.013
€0.011
-11.74%
41.01%€0.022€0.0062n/a15
Dec ’25€0.003
€0.011
+269.03%
41.01%€0.022€0.0062n/a15
Nov ’25€0.003
€0.011
+274.80%
35.81%€0.02€0.0064n/a14
Oct ’25€0.003
€0.012
+298.43%
31.42%€0.02€0.0065€0.00515
Sep ’25€0.003
€0.012
+305.60%
28.11%€0.02€0.0071€0.00415
Aug ’25€0.003
€0.012
+307.83%
24.38%€0.019€0.007€0.003515
Jul ’25€0.003
€0.012
+307.83%
24.38%€0.019€0.007€0.00215
Jun ’25€0.003
€0.013
+328.07%
25.21%€0.02€0.0072€0.002515
May ’25€0.0025
€0.014
+458.92%
27.17%€0.021€0.0072€0.00314
Apr ’25€0.004
€0.015
+279.88%
22.40%€0.021€0.0093€0.00314
Mar ’25€0.0045
€0.017
+282.78%
12.95%€0.021€0.014€0.00312
Feb ’25€0.0065
€0.017
+167.45%
14.02%€0.022€0.014€0.00313
Jan ’25€0.011
€0.019
+76.30%
16.71%€0.027€0.015€0.01313
Dec ’24€0.0075
€0.019
+158.57%
16.71%€0.027€0.015€0.00313
Nov ’24€0.007
€0.019
+173.71%
17.30%€0.027€0.015€0.00312
Oct ’24€0.008
€0.022
+180.83%
37.71%€0.049€0.015€0.00312
€0.0044
Fair Value
2.2% overvalued intrinsic discount
7
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/06 08:39
End of Day Share Price 2025/10/06 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

PT Bukalapak.com Tbk. is covered by 17 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nirgunan TiruchelvamAletheia Analyst Network Limited
Shengyong GohChina International Capital Corporation Limited
Liwei HouChina International Capital Corporation Limited