PT Nusantara Sejahtera Raya Tbk

IDX:CNMA Stock Report

Market Cap: Rp11.4t

Nusantara Sejahtera Raya Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • 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.

Discounted Cash Flow
Simply Wall St
Rp167.66
Fair Value
18.3% undervalued intrinsic discount
3
Number of Analysts

Below Fair Value: CNMA (IDR137) is trading below our estimate of fair value (IDR167.66)

Significantly Below Fair Value: CNMA is trading below fair value, but not by a significant amount.

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 Ratio13.8x
EarningsRp829.63b
Market CapRp11.42t

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 Average48.6x
MSIN MNC Digital Entertainment
111.9xn/aRp40.3t
BLTZ Graha Layar Prima
44.5xn/aRp1.6t
VERN Verona Indah Pictures
18.2xn/aRp586.2b
SCMA Surya Citra Media
19.9x20.9%Rp12.1t
CNMA Nusantara Sejahtera Raya
13.8x28.6%Rp11.4t

Price-To-Earnings vs Peers: CNMA is good value based on its Price-To-Earnings Ratio (13.8x) compared to the peer average (48.6x).

Price to Earnings Ratio vs Industry

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

8 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CNMA 13.8xIndustry Avg. 30.0xNo. of Companies27PE020406080100+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CNMA is good value based on its Price-To-Earnings Ratio (13.8x) compared to the Asian Entertainment industry average (30x).

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 Ratio13.8x
Fair PE Ratio19.4x

Price-To-Earnings vs Fair Ratio: CNMA is good value based on its Price-To-Earnings Ratio (13.8x) compared to the estimated Fair Price-To-Earnings Ratio (19.4x).

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
CurrentRp137.00
Rp276.67
+101.9%
11.9%Rp300.00Rp230.00n/a3
Jan ’26Rp202.00
Rp293.33
+45.2%
16.8%Rp350.00Rp230.00n/a3
Dec ’25Rp178.00
Rp293.33
+64.8%
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%Rp430.00Rp312.00Rp152.003
Jan ’25Rp270.00
Rp377.33
+39.8%
13.0%Rp430.00Rp312.00Rp202.003
Dec ’24Rp274.00
Rp410.00
+49.6%
4.9%Rp430.00Rp390.00Rp178.002
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 Price Target
Consensus Narrative from 3 Analysts
Rp276.67
Fair Value
50.5% undervalued intrinsic discount
3
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/06 21:26
End of Day Share Price 2025/02/06 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 Nusantara Sejahtera Raya Tbk is covered by 2 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Henry WibowoJ.P. Morgan
Vita LestariPT Sinarmas Sekuritas