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Pollux Investasi Internasional Tbk PT (POLI) Fair Value & Analysis

Real Estate · ID · Market cap 1.5T IDR (≈ $151M) · ISIN ID1000147606

What is Pollux Investasi Internasional Tbk PT really worth?

PI Pollux Investasi Internasional Tbk PT POLI · JK
Price1,015 IDR
Fair Value588.97 IDR
Upside−42.0%
Quality44/100

Below-average quality, and trading another 72% above our fair value of 588.97 IDR.

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Strengths

Solidly profitable · 11.3% net margin

Risks

!Expensive Growth (revenue 5y +21.6 %/yr)
!Moderate debt · negative free cash flow
!Trails peers (4/12)
!Moderate moat 54/100
!Evidence only low, so the estimate is less certain
!Weak on past: 13 out of 100
Evidence: Low Range 441.73 IDR – 736.21 IDR

Fair value as of: Aug 19, 2026

From 7 valuation models · updated 17 days ago

Share price +33.6% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (736.21 IDR). The favourable scenario is already priced in.
  • Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.

Price vs Fair Value (5 years)

1,955 IDR 620.00 IDR Fair Value 588.97 IDR Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range 620.00 IDR – 1,955 IDR · fair‑value band 441.73 IDR – 736.21 IDR · the 1,015 IDR price screens above the 588.97 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 19, 2026.

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Analysis

Pollux Investasi Internasional Tbk PT (POLI) currently trades at 1,015 IDR, while our model-based Fair Value estimate is 588.97 IDR, implying the stock looks roughly 72.3% overvalued today. The Quality Score stands at 44/100 (below-average quality), in the Real Estate sector. Bull case: the Economic Profit group reads highest at a median of 756.45 IDR per share, and 2 of the 7 models we run sit above the 1,015 IDR price. Bear case: the Multiples group reads lowest at 588.97 IDR, and 5 of the 7 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Pollux Investasi Internasional Tbk PT generated revenue of 616B IDR at a net margin of 11.3%. Revenue declined 14.4% year over year. It earns a return on equity of 3.2%. Net debt stands at 1.4T IDR. Fundamentals as of Aug 19, 2026

Our scenario range runs from 441.73 IDR (bear case) to 736.21 IDR (bull case); at 1,015 IDR, the current price sits above 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 49% below its 52-week high and 47% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at −19% fair-value upside, at −42%, POLI screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 21.65 IDR per share, which is 3.7 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
Residual Income best evidence 769.78 IDR 756.45 IDR 666.55 IDR 71
EV/EBITDA 859.57 IDR 1,358 IDR 1,857 IDR 66
EV/EBIT 681.32 IDR 1,121 IDR 1,560 IDR 64
All 7 models by family
Multiples
P/S Multiple 441.73 IDR 588.97 IDR 736.21 IDR 58
P/B Multiple 441.73 IDR 588.97 IDR 736.21 IDR 55
EV/EBIT 681.32 IDR 1,121 IDR 1,560 IDR 64
EV/EBITDA 859.57 IDR 1,358 IDR 1,857 IDR 66
EV/Revenue 90.18 IDR 401.73 IDR 713.28 IDR 48
Asset-Based
NCAV (Graham) 518.06 IDR 694.20 IDR 1,036 IDR 54
Economic Profit
Residual Income best evidence 769.78 IDR 756.45 IDR 666.55 IDR 71

Widest divergence: Economic Profit (756.45 IDR) versus Multiples (588.97 IDR). Highest evidence: Residual Income (71).

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Key figures & financial health

P/E ratio 31.7
P/S ratio 3.59 P/E × margin
EPS (TTM) 32.03 IDR price ÷ EPS = P/E 31.7
Net margin 11.3% FY2025
Return on equity 3.2% TTM
Return on assets (EBIT) 3.5% avg 5y
More key figures
Profitability
Operating margin 35.0% TTM
Growth
Revenue (TTM) 616B IDR TTM
Revenue growth (YoY) −14.4% 3y avg +23.0%
EPS growth (YoY) −9.5%
Balance sheet & cash flow
Free cash flow −51.3B IDR FY2025
Net debt 1.4T IDR FY2025

Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 40 · Market factors (momentum, volatility) 45

Profitability 23
Margins and returns on capital today
Quality Growth 65
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 39
Balance sheet, leverage, solvency risk
Investment 65
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 47
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

PT Pollux Hotels Group Tbk, together with its subsidiaries, engages in the property and real estate development in Indonesia. It operates through Mall, Developer, Hotel, and Administrator segments.

Full company description

PT Pollux Hotels Group Tbk, together with its subsidiaries, engages in the property and real estate development in Indonesia. It operates through Mall, Developer, Hotel, and Administrator segments. The company also engages in construction, management, and rental of buildings, offices, malls, hotels, shophouses, and amusement parks; property management and development; and construction, hotel, and apartment management activities. It is also involved in the hospitality business; direct equity investment and trading activities; and provision of development and delivery services. The company was formerly known as PT Pollux Investasi Internasional Tbk and changed its name to PT Pollux Hotels Group Tbk in August 2021. PT Pollux Hotels Group Tbk was incorporated in 2009 and is based in Semarang, Indonesia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Pollux Investasi Internasional Tbk PT reported revenue of 616B IDR in FY2025 versus 203B IDR in FY2021, a compound +31.9%/yr. Reported net income was 69.7B IDR in FY2025, compounding +18.1%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
616B IDR
Latest YoY
+26.5%
Avg. revenue 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.
+23.0%
Avg. revenue 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.
+21.6%
Avg. revenue growth/yr (10Y) 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.
+10.5%
Value creation/yr (5Y, in IDR) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in IDR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+14.2% (14.2 + 0.0)
Revenue +31.9%/yr
FY21 203B IDR
FY22 330B IDR
FY23 361B IDR
FY24 487B IDR
FY25 616B IDR
Net income +18.1%/yr
FY21 35.8B IDR
FY22 155B IDR
FY23 92.7B IDR
FY24 35.3B IDR
FY25 69.7B IDR

POLI screens 72% overvalued. Compare with Sun Hung Kai Properties Limited →

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Cite: Fair Value Calculator (2026). "Pollux Investasi Internasional Tbk PT Fair Value". https://www.fairvalue-calculator.com/stock/POLI

Peer Group

Real Estate - Development · 567 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 46 · Below median
Fair Value upside −42% · Bottom 25%
Return on equity (TTM) 3% · Above median
Return on assets 3% · Above median
Net margin (TTM) 11% · Above median
Operating margin (TTM) 35% · Top 25%
Revenue growth −14% · Below median
Debt / equity 0.64× · Higher than median

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

P/E (TTM) 31.7× · Pricier than 75% of peers
P/B 0.72× · Pricier than median
P/S (TTM) 2.45× · Pricier than median
EV/EBITDA 11.1× · Pricier than median

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 45
FUTURE0 · sector 0
PAST13 · sector 11
HEALTH68 · sector 85
DIVIDEND0 · sector 53

VALUE 0: the price sits above our fair-value range.

Insider activity: 45/100

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

Similar stocks

10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).

Stock Price Fair Value vs Fair Value
Sun Hung Kai Properties Limited 80016 HK$109.70 HK$88.93 −19%
China Resources Land Limited 1109 HK$35.24 HK$72.16 +105%
Vinhomes Joint Stock Company VHM 71,700 VND 109,431 VND +53%
CK Asset Holdings 1113 HK$47.34 HK$68.85 +45%
Hongkong Land Holdings H78 $8.20 $1.52 −81%
DLF Limited DLF ₹667.10 ₹170.24 −74%
China Overseas Land & Investment Limited 0688 HK$13.76 HK$22.92 +67%
Macrotech Developers Limited LODHA ₹1,244 ₹583.42 −53%
Sino Land Company 0083 HK$10.33 HK$6.99 −32%
PT Pantai Indah Kapuk Dua Tbk, PANI 5,925 IDR 1,325 IDR −78%

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Frequently asked questions

Is Pollux Investasi Internasional Tbk PT (POLI) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of 588.97 IDR versus a price of 1,015 IDR, about −42% upside (overvalued).
What is the fair value of POLI?
Our model-based fair value for Pollux Investasi Internasional Tbk PT is 588.97 IDR (as of Aug 19, 2026), built from audited fundamentals. The current price: 1,015 IDR.
What is the quality score of POLI?
Pollux Investasi Internasional Tbk PT has a Quality Score of 44/100. 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 Pollux Investasi Internasional Tbk PT (POLI)?
Pollux Investasi Internasional Tbk PT reported trailing-twelve-month revenue of about 616B IDR (latest available figure, as of Aug 19, 2026).
What is the net profit margin of POLI?
The net profit margin of Pollux Investasi Internasional Tbk PT is about 11.3%, meaning it keeps roughly 11.3% of revenue as net income. Based on the latest reported figures.
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