PT Summarecon Agung Tbk

IDX:SMRA Stock Report

Market Cap: Rp8.1t

Summarecon Agung Valuation

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

Below Fair Value: SMRA (IDR490) is trading above our estimate of fair value (IDR340)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SMRA. This is calculated by dividing SMRA's market cap by their current earnings.
What is SMRA's PE Ratio?
PE Ratio7.7x
EarningsRp1.05t
Market CapRp8.09t

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SMRA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.6x
JRPT Jaya Real Property
8.5xn/aRp9.2t
DMAS Puradelta Lestari
4.2x-3.8%Rp7.2t
BKSL Sentul City
33.5xn/aRp10.9t
LPKR Lippo Karawaci
0.4x-98.7%Rp6.7t
SMRA Summarecon Agung
7.7x-7.7%Rp8.1t

Price-To-Earnings vs Peers: SMRA is good value based on its Price-To-Earnings Ratio (7.7x) compared to the peer average (11.6x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
LPKR Lippo Karawaci
0.4x-98.7%US$417.47m
EMDE Megapolitan Developments
1.6xn/aUS$23.89m
No more companies available in this PE range
SMRA 7.7xIndustry Avg. 12.7xNo. of Companies10PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SMRA is good value based on its Price-To-Earnings Ratio (7.7x) compared to the ID Real Estate industry average (12.7x).

Price to Earnings Ratio vs Fair Ratio

What is SMRA'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.

SMRA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.7x
Fair PE Ratio5.8x

Price-To-Earnings vs Fair Ratio: SMRA is expensive based on its Price-To-Earnings Ratio (7.7x) compared to the estimated Fair Price-To-Earnings Ratio (5.8x).

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 SMRA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRp490.00
Rp805.56
+64.4%
4.8%Rp865.00Rp750.00n/a9
Dec ’25Rp535.00
Rp827.78
+54.7%
8.7%Rp1,000.00Rp750.00n/a9
Nov ’25Rp640.00
Rp818.22
+27.8%
9.9%Rp1,000.00Rp710.00n/a9
Oct ’25Rp695.00
Rp791.40
+13.9%
10.9%Rp1,000.00Rp700.00n/a10
Sep ’25Rp610.00
Rp798.89
+31.0%
13.2%Rp1,000.00Rp700.00n/a9
Aug ’25Rp580.00
Rp804.44
+38.7%
12.6%Rp1,000.00Rp700.00n/a9
Jul ’25Rp500.00
Rp785.00
+57.0%
14.4%Rp1,000.00Rp575.00n/a11
Jun ’25Rp510.00
Rp779.55
+52.9%
14.5%Rp1,000.00Rp575.00n/a11
May ’25Rp515.00
Rp780.45
+51.5%
14.4%Rp1,000.00Rp575.00n/a11
Apr ’25Rp525.00
Rp772.92
+47.2%
15.6%Rp1,000.00Rp575.00n/a12
Mar ’25Rp560.00
Rp777.69
+38.9%
16.8%Rp1,000.00Rp575.00n/a13
Feb ’25Rp550.00
Rp755.00
+37.3%
16.5%Rp1,000.00Rp575.00n/a13
Jan ’25Rp575.00
Rp808.33
+40.6%
19.5%Rp1,150.00Rp575.00n/a12
Dec ’24Rp615.00
Rp802.69
+30.5%
20.0%Rp1,150.00Rp510.00Rp535.0013
Nov ’24Rp530.00
Rp808.33
+52.5%
21.5%Rp1,150.00Rp510.00Rp640.0012
Oct ’24Rp575.00
Rp813.93
+41.6%
19.6%Rp1,150.00Rp510.00Rp695.0014
Sep ’24Rp660.00
Rp827.00
+25.3%
19.7%Rp1,150.00Rp510.00Rp610.0015
Aug ’24Rp650.00
Rp805.60
+23.9%
21.6%Rp1,150.00Rp510.00Rp580.0015
Jul ’24Rp660.00
Rp825.60
+25.1%
22.7%Rp1,150.00Rp510.00Rp500.0015
Jun ’24Rp640.00
Rp825.60
+29.0%
22.7%Rp1,150.00Rp510.00Rp510.0015
May ’24Rp560.00
Rp853.69
+52.4%
26.4%Rp1,200.00Rp510.00Rp515.0016
Apr ’24Rp530.00
Rp863.06
+62.8%
25.7%Rp1,200.00Rp510.00Rp525.0016
Mar ’24Rp590.00
Rp871.75
+47.8%
24.9%Rp1,200.00Rp510.00Rp560.0016
Feb ’24Rp610.00
Rp871.75
+42.9%
24.9%Rp1,200.00Rp510.00Rp550.0016
Jan ’24Rp605.00
Rp887.53
+46.7%
24.2%Rp1,200.00Rp510.00Rp575.0017
Dec ’23Rp650.00
Rp878.94
+35.2%
23.5%Rp1,200.00Rp510.00Rp615.0016

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 Analysis2024/12/26 09:54
End of Day Share Price 2024/12/24 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 here.

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 .

Analyst Sources

PT Summarecon Agung Tbk is covered by 33 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Igor NyomanBNP Paribas Securities (Asia)
Donald ChuaBofA Global Research
Jovent MuliadiCGS International