PT Ristia Bintang Mahkotasejati Tbk

IDX:RBMS Stock Report

Market Cap: Rp90.3b

Ristia Bintang Mahkotasejati Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: RBMS (IDR34) is trading above our estimate of fair value (IDR18.16)

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


Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for RBMS. This is calculated by dividing RBMS's market cap by their current revenue.
What is RBMS's PS Ratio?
PS Ratio0.6x
SalesRp156.15b
Market CapRp90.31b

Price to Sales Ratio vs Peers

How does RBMS's PS Ratio compare to its peers?

The above table shows the PS ratio for RBMS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average11.5x
ASPI Andalan Sakti Primaindo
4xn/aRp108.0b
BCIP Bumi Citra Permai
0.8xn/aRp77.2b
WINR Winner Nusantara Jaya
2.3xn/aRp68.1b
MINA Sanurhasta Mitra
38.8xn/aRp315.0b
RBMS Ristia Bintang Mahkotasejati
0.6xn/aRp90.3b

Price-To-Sales vs Peers: RBMS is good value based on its Price-To-Sales Ratio (0.6x) compared to the peer average (11.5x).


Price to Sales Ratio vs Industry

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

8 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.2.9x-2.8%
RBMS Ristia Bintang Mahkotasejati
0.6xn/aUS$5.69m
LPKR Lippo Karawaci
0.6x-35.7%US$509.04m
APLN Agung Podomoro Land
0.7xn/aUS$145.87m
RBMS 0.6xIndustry Avg. 2.9xNo. of Companies12PS02.85.68.411.214+
8 CompaniesEstimated GrowthMarket Cap
Industry Avg.2.9x-4.6%
RBMS Ristia Bintang Mahkotasejati
0.6xn/aUS$5.69m
No more companies

Price-To-Sales vs Industry: RBMS is good value based on its Price-To-Sales Ratio (0.6x) compared to the ID Real Estate industry average (2.9x).


Price to Sales Ratio vs Fair Ratio

What is RBMS'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.

RBMS PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.6x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate RBMS's Price-To-Sales Fair Ratio for valuation analysis.


Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.


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