PT Bumi Serpong Damai Tbk

IDX:BSDE Stock Report

Market Cap: Rp19.7t

Bumi Serpong Damai Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 BSDE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Rp229.87
Fair Value
308.9% overvalued intrinsic discount
13
Number of Analysts

Below Fair Value: BSDE (IDR940) is trading above our estimate of fair value (IDR229.87)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for BSDE. This is calculated by dividing BSDE's market cap by their current earnings.
What is BSDE's PE Ratio?
PE Ratio6.5x
EarningsRp3.02t
Market CapRp19.66t

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BSDE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.7x
MKPI Metropolitan Kentjana
21.4xn/aRp23.0t
CTRA Ciputra Development
6.5x1.60%Rp15.9t
JRPT Jaya Real Property
10.5xn/aRp13.1t
CBDK Bangun Kosambi Sukses
24.4xn/aRp37.6t
BSDE Bumi Serpong Damai
6.5x-0.055%Rp19.7t

Price-To-Earnings vs Peers: BSDE is good value based on its Price-To-Earnings Ratio (6.5x) compared to the peer average (15.7x).

Price to Earnings Ratio vs Industry

How does BSDE's PE Ratio compare vs other companies in the ID Real Estate Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
APLN Agung Podomoro Land
4.1xn/aUS$134.83m
BSBK Wulandari Bangun Laksana
5xn/aUS$102.37m
LPLI Star Pacific
1.6xn/aUS$31.88m
EMDE Megapolitan Developments
4.5xn/aUS$19.33m
No more companies available in this PE range
BSDE 6.5xIndustry Avg. 21.4xNo. of Companies13PE020406080100+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BSDE is good value based on its Price-To-Earnings Ratio (6.5x) compared to the ID Real Estate industry average (21.4x).

Price to Earnings Ratio vs Fair Ratio

What is BSDE'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.

BSDE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.5x
Fair PE Ratio7.7x

Price-To-Earnings vs Fair Ratio: BSDE is good value based on its Price-To-Earnings Ratio (6.5x) compared to the estimated Fair Price-To-Earnings Ratio (7.7x).

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 BSDE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRp935.00
Rp1,208.08
+29.21%
13.62%Rp1,500.00Rp845.00n/a13
Nov ’26Rp980.00
Rp1,180.71
+20.48%
14.63%Rp1,500.00Rp845.00n/a14
Oct ’26Rp1,030.00
Rp1,175.77
+14.15%
15.24%Rp1,500.00Rp845.00n/a13
Sep ’26Rp1,045.00
Rp1,160.00
+11.00%
15.37%Rp1,500.00Rp845.00n/a13
Aug ’26Rp795.00
Rp1,155.42
+45.34%
15.82%Rp1,500.00Rp845.00n/a12
Jul ’26Rp785.00
Rp1,162.08
+48.04%
16.11%Rp1,500.00Rp845.00n/a12
Jun ’26Rp890.00
Rp1,169.23
+31.37%
16.33%Rp1,500.00Rp845.00n/a13
May ’26Rp865.00
Rp1,245.38
+43.98%
16.07%Rp1,550.00Rp845.00n/a13
Apr ’26Rp805.00
Rp1,301.54
+61.68%
14.66%Rp1,550.00Rp845.00n/a13
Mar ’26Rp830.00
Rp1,343.08
+61.82%
14.45%Rp1,550.00Rp845.00n/a13
Feb ’26Rp950.00
Rp1,389.58
+46.27%
9.72%Rp1,550.00Rp1,050.00n/a12
Jan ’26Rp945.00
Rp1,397.50
+47.88%
8.65%Rp1,550.00Rp1,050.00n/a14
Dec ’25Rp1,000.00
Rp1,402.86
+40.29%
8.95%Rp1,550.00Rp1,050.00n/a14
Nov ’25Rp1,175.00
Rp1,410.00
+20.00%
10.07%Rp1,620.00Rp1,090.00Rp980.0013
Oct ’25Rp1,210.00
Rp1,383.00
+14.30%
10.55%Rp1,620.00Rp1,090.00Rp1,030.0014
Sep ’25Rp1,285.00
Rp1,360.14
+5.85%
9.66%Rp1,550.00Rp1,090.00Rp1,045.0014
Aug ’25Rp1,035.00
Rp1,322.69
+27.80%
7.64%Rp1,490.00Rp1,185.00Rp795.0013
Jul ’25Rp950.00
Rp1,328.21
+39.81%
7.48%Rp1,490.00Rp1,185.00Rp785.0014
Jun ’25Rp945.00
Rp1,328.21
+40.55%
7.48%Rp1,490.00Rp1,185.00Rp890.0014
May ’25Rp930.00
Rp1,323.93
+42.36%
8.91%Rp1,490.00Rp1,100.00Rp865.0014
Apr ’25Rp970.00
Rp1,337.33
+37.87%
9.41%Rp1,560.00Rp1,100.00Rp805.0015
Mar ’25Rp1,035.00
Rp1,360.00
+31.40%
9.46%Rp1,560.00Rp1,100.00Rp830.0016
Feb ’25Rp1,020.00
Rp1,360.00
+33.33%
9.46%Rp1,560.00Rp1,100.00Rp950.0016
Jan ’25Rp1,080.00
Rp1,382.50
+28.01%
8.07%Rp1,560.00Rp1,180.00Rp945.0016
Dec ’24Rp1,050.00
Rp1,344.69
+28.07%
13.27%Rp1,560.00Rp800.00Rp1,000.0016
Nov ’24Rp970.00
Rp1,350.67
+39.24%
13.02%Rp1,560.00Rp800.00Rp1,175.0015
Rp1.21k
Fair Value
22.2% undervalued intrinsic discount
13
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 Analysis2025/11/26 14:36
End of Day Share Price 2025/11/26 00:00
Earnings2025/09/30
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 Bumi Serpong Damai Tbk is covered by 27 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Donald ChuaBofA Global Research
Uraiwan TantisuwannakulCGS International
Baruna ArkasatyoCGS International