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PT Puradelta Lestari Tbk (DMAS) Fair Value & Analysis

Real Estate · ID · Market cap 6.7T IDR

PP PT Puradelta Lestari Tbk DMAS · JK
Price148.00 IDR
Fair Value164.33 IDR
Upside+11.0%
Quality54/100
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Weak Growth
Highly profitable · 68.1% net margin
Low debt · generates free cash flow
Ranks above peers (11/14)
Wide moat 74/100
Evidence: High Range 125.92 IDR – 286.49 IDR Share as image

Fair value as of: Aug 13, 2026

From 16 valuation models · updated yesterday

Fair value updated Aug 13, 2026, revised from 181.20 IDR to 164.33 IDR (−9.3%) since Jul 17, 2026. Share price +8.0% over the past month.

A solid business, screening 11% undervalued on our models.

What matters now

  • A fairly wide model range (125.92 IDR to 286.49 IDR) leaves room in how you read the outcome.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

149.00 IDR 92.97 IDR Fair Value 164.33 IDR Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 92.97 IDR – 149.00 IDR · fair‑value band 125.92 IDR – 286.49 IDR · the 148.00 IDR price screens below the 164.33 IDR fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

PT Puradelta Lestari Tbk (DMAS) currently trades at 148.00 IDR, while our model-based Fair Value estimate is 164.33 IDR, implying the stock looks roughly 11.0% undervalued today. The Quality Score stands at 54/100 (solid quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, PT Puradelta Lestari Tbk generated revenue of 1.9T IDR at a net margin of 68.1%. Revenue grew 107.4% year over year. It earns a return on equity of 16.9%. The balance sheet holds a net cash position of 379B IDR. Fundamentals as of Aug 13, 2026

Our scenario range runs from 125.92 IDR (bear case) to 286.49 IDR (bull case); at 148.00 IDR, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 9% below its 52-week high and 17% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 15% fair-value upside, at 11%, DMAS screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF 6.18 IDR 9.88 IDR 16.77 IDR 80
Residual Income 129.96 IDR 152.40 IDR 262.67 IDR 76
Rev-Margin DCF 82.90 IDR 167.53 IDR 280.21 IDR 74
All 16 models by family
DCF Models
FCF DCF 6.23 IDR 10.31 IDR 18.03 IDR 38
5Y Revenue Exit 82.90 IDR 172.62 IDR 301.18 IDR 39
5Y EBITDA Exit 115.27 IDR 241.32 IDR 407.07 IDR 41
10Y Revenue Exit 54.63 IDR 133.69 IDR 267.60 IDR 36
10Y EBITDA Exit 81.05 IDR 186.06 IDR 360.92 IDR 37
Dividend Discount
Gordon GGM 278.95 IDR 609.00 IDR 1,025 IDR 70
DDM Multi-Stage 278.95 IDR 498.87 IDR 634.68 IDR 61
Multiples
P/S Multiple 132.41 IDR 176.54 IDR 220.68 IDR 58
P/B Multiple 205.71 IDR 274.28 IDR 342.85 IDR 55
EV/EBIT 207.38 IDR 275.87 IDR 344.35 IDR 53
EV/EBITDA 172.64 IDR 229.55 IDR 286.46 IDR 54
EV/Revenue 115.24 IDR 163.80 IDR 212.36 IDR 43
Asset-Based
NCAV (Graham) 68.57 IDR 91.88 IDR 137.14 IDR 50
Growth DCF
Growth DCF 6.18 IDR 9.88 IDR 16.77 IDR 80
Rev-Margin DCF 82.90 IDR 167.53 IDR 280.21 IDR 74
Economic Profit
Residual Income 129.96 IDR 152.40 IDR 262.67 IDR 76

Widest divergence: Dividend Discount (498.87 IDR) versus Growth DCF (9.88 IDR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.9T IDR
Revenue growth (YoY) +107%
Net margin 68.1%
Return on equity 16.9%
Free cash flow 14.6B IDR FY2025
P/E ratio 5.6
More key figures
Operating margin 75.6%
EPS (TTM) 26.21 IDR
EPS growth (YoY) +130%
Net cash 379B IDR FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 50 · Market factors (momentum, volatility) 74

Profitability 49
Margins and returns on capital today
Quality Growth 4
Are margins and returns improving?
Cashflow 12
Earnings quality: real cash, not paper profit
Fin. Strength 79
Balance sheet, leverage, solvency risk
Investment 84
Disciplined investing over empire-building
Low Volatility 94
Calm price path (market factor)
Momentum 58
Price trend over the last 3–12 months (market factor)
52W Momentum 78
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

PT Puradelta Lestari Tbk engages in the residential, commercial, and industrial real estate businesses in Indonesia. The company operates through Property, Hotel, and Others segments.

Full company description

PT Puradelta Lestari Tbk engages in the residential, commercial, and industrial real estate businesses in Indonesia. The company operates through Property, Hotel, and Others segments. Its portfolio includes Kota Deltamas, an independent city consisting of residential properties; commercial properties, such as shophouses; and industrial properties, including greenland international industrial center, and rents factory. The company was incorporated in 1993 and is headquartered in Jakarta Barat, Indonesia. PT Puradelta Lestari Tbk operates as a subsidiary of PT Sumber Arusmulia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Puradelta Lestari Tbk reported revenue of 1.3T IDR in FY2025 versus 1.4T IDR in FY2021, a compound −2.4%/yr. Reported net income was 800B IDR in FY2025, compounding +2.9%/yr from FY2021.

Growth Quality 28/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.3T IDR
Latest YoY
−35.6%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−12.2%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−13.0%
Avg. growth/yr (17Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+20.5%
Revenue −2.4%/yr
FY21 1.4T IDR
FY22 1.9T IDR
FY23 1.9T IDR
FY24 2.0T IDR
FY25 1.3T IDR
Net income +2.9%/yr
FY21 715B IDR
FY22 1.2T IDR
FY23 1.2T IDR
FY24 1.3T IDR
FY25 800B IDR
Character of growth · EPS growth decomposed (2014-2025) +0.3 % p.a.
Revenue per share −0.9 pp

of which total revenue −0.3 pp · buybacks/dilution −0.5 pp

EBIT margin +0.3 pp
Tax rate −0.2 pp
Residual (interest, one-offs) +1.2 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "PT Puradelta Lestari Tbk Fair Value". https://www.fairvalue-calculator.com/stock/DMAS

Peer Group

Real Estate - Development · 592 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 54 · Above median
Fair Value upside +11% · Above median
Return on equity (TTM) 17% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 68% · Top 25%
Operating margin (TTM) 76% · Top 25%
Revenue growth 107% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.04× · Lower than 75% of peers

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/E (TTM) 5.6× · Cheaper than 75% of peers
P/B 1.01× · Pricier than median
P/S (TTM) 3.59× · Pricier than 75% of peers
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 5.5× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 48 · sector 47
FUTURE 100 · sector 0
PAST 67 · sector 10
HEALTH 98 · sector 85
DIVIDEND 0 · sector 37

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
DLF Limited DLF ₹661.75 ₹146.13 -78%
Lodha Developers Limited LODHA ₹1,209 ₹583.43 -52%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,150 IDR 1,330 IDR -78%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 1,674 IDR +55%
PT Bumi Serpong Damai Tbk, BSDE 595.00 IDR 1,488 IDR +150%
PT Sentul City Tbk, BKSL 73.00 IDR 84.16 IDR +15%
PT Ciputra Development Tbk, CTRA 610.00 IDR 1,525 IDR +150%
Khang Dien House Trading and Investment Joint Stock Company KDH 18,150 VND 20,338 VND +12%
PT Duta Pertiwi Tbk DUTI 4,300 IDR 6,239 IDR +45%
Phat Dat Real Estate Development Corporation PDR 12,100 VND 4,943 VND -59%

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Frequently asked questions

Is PT Puradelta Lestari Tbk (DMAS) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 164.33 IDR versus a price of 148.00 IDR, about +11% (undervalued).
What is the fair value of DMAS?
Our model-based fair value for PT Puradelta Lestari Tbk is 164.33 IDR (as of Aug 13, 2026), built from audited fundamentals. The current price is 148.00 IDR.
What is the quality score of DMAS?
PT Puradelta Lestari Tbk has a Quality Score of 54/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of PT Puradelta Lestari Tbk (DMAS)?
PT Puradelta Lestari Tbk reported trailing-twelve-month revenue of about 1.9T IDR (latest available figure, as of Aug 13, 2026).
What is the net profit margin of DMAS?
The net profit margin of PT Puradelta Lestari Tbk is about 68.1%, meaning it keeps roughly 68.1% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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