PT Nusantara Sejahtera Raya Tbk

IDX:CNMA Stock Report

Market Cap: Rp14.6t

Nusantara Sejahtera Raya Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: CNMA (IDR175) is trading above our estimate of fair value (IDR64.88)

Significantly Below Fair Value: CNMA is trading above our estimate of fair value.

Key Valuation Metric

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

Key metric: As CNMA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CNMA. This is calculated by dividing CNMA's market cap by their current earnings.
What is CNMA's PE Ratio?
PE Ratio17.6x
EarningsRp829.63b
Market CapRp14.59t

Price to Earnings Ratio vs Peers

How does CNMA's PE Ratio compare to its peers?

The above table shows the PE ratio for CNMA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average63.1x
BLTZ Graha Layar Prima
49.4xn/aRp1.7t
MSIN MNC Digital Entertainment
165xn/aRp59.5t
VERN Verona Indah Pictures
25xn/aRp805.4b
SCMA Surya Citra Media
12.8x20.9%Rp7.8t
CNMA Nusantara Sejahtera Raya
17.6x35.6%Rp14.6t

Price-To-Earnings vs Peers: CNMA is good value based on its Price-To-Earnings Ratio (17.6x) compared to the peer average (63.1x).

Price to Earnings Ratio vs Industry

How does CNMA's PE Ratio compare vs other companies in the Asian Entertainment Industry?

9 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CNMA 17.6xIndustry Avg. 28.8xNo. of Companies23PE020406080100+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CNMA is good value based on its Price-To-Earnings Ratio (17.6x) compared to the Asian Entertainment industry average (28.8x).

Price to Earnings Ratio vs Fair Ratio

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

CNMA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.6x
Fair PE Ratio20.7x

Price-To-Earnings vs Fair Ratio: CNMA is good value based on its Price-To-Earnings Ratio (17.6x) compared to the estimated Fair Price-To-Earnings Ratio (20.7x).

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 CNMA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRp175.00
Rp293.33
+67.6%
16.8%Rp350.00Rp230.00n/a3
Nov ’25Rp200.00
Rp293.33
+46.7%
16.8%Rp350.00Rp230.00n/a3
Oct ’25Rp224.00
Rp300.00
+33.9%
13.6%Rp350.00Rp250.00n/a3
Sep ’25Rp222.00
Rp326.67
+47.1%
23.2%Rp430.00Rp250.00n/a3
Aug ’25Rp228.00
Rp343.33
+50.6%
17.8%Rp430.00Rp300.00n/a3
Jul ’25Rp224.00
Rp350.00
+56.3%
16.3%Rp430.00Rp300.00n/a3
Jun ’25Rp220.00
Rp350.00
+59.1%
16.3%Rp430.00Rp300.00n/a3
May ’25Rp226.00
Rp350.00
+54.9%
16.3%Rp430.00Rp300.00n/a3
Apr ’25Rp234.00
Rp363.33
+55.3%
13.2%Rp430.00Rp320.00n/a3
Mar ’25Rp256.00
Rp377.33
+47.4%
13.0%Rp430.00Rp312.00n/a3
Feb ’25Rp258.00
Rp377.33
+46.3%
13.0%Rp430.00Rp312.00n/a3
Jan ’25Rp270.00
Rp377.33
+39.8%
13.0%Rp430.00Rp312.00n/a3
Dec ’24Rp274.00
Rp410.00
+49.6%
4.9%Rp430.00Rp390.00n/a2
Nov ’24Rp276.00
Rp410.00
+48.6%
4.9%Rp430.00Rp390.00Rp200.002
Oct ’24Rp300.00
Rp410.00
+36.7%
4.9%Rp430.00Rp390.00Rp224.002

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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