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Surya Citra Media Tbk (SCMA) Fair Value & Analysis

Communication Services · ID · Market cap 13.1T IDR (≈ $1.3B) · ISIN ID1000125305

What is Surya Citra Media Tbk really worth?

SC Surya Citra Media Tbk SCMA · JK
Price204.00 IDR
Fair Value198.19 IDR
Upside−2.9%
Quality68/100

A solid business, currently priced close to our fair value of 198.19 IDR.

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Strengths

Solidly profitable · 13.2% net margin
Low debt · generates free cash flow
Ranks above peers (11/15)

Risks

!Mixed Growth (revenue 5y +6.2 %/yr)
!Moderate moat 58/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range 121.69 IDR – 294.23 IDR

Fair value as of: Aug 23, 2026

From 26 valuation models · updated 13 days ago

What runs behind every stock

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

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (121.69 IDR to 294.23 IDR) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Price vs Fair Value (5 years)

423.88 IDR 91.36 IDR Fair Value 198.19 IDR Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 23, 2026.

How to read this chart

60‑month range 91.36 IDR – 423.88 IDR · fair‑value band 121.69 IDR – 294.23 IDR · the 204.00 IDR price screens above the 198.19 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 23, 2026.

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Analysis

Surya Citra Media Tbk (SCMA) currently trades at 204.00 IDR, while our model-based Fair Value estimate is 198.19 IDR, implying the stock looks roughly 2.9% fairly valued today. The Quality Score stands at 68/100 (solid quality), in the Communication Services sector. Bull case: the Dividend Discount group reads highest at a median of 464.19 IDR per share, and 15 of the 26 models we run sit above the 204.00 IDR price. Bear case: the Asset-Based group reads lowest at 68.95 IDR, and 11 of the 26 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Surya Citra Media Tbk generated revenue of 7.0T IDR at a net margin of 13.2%. Revenue grew 7.3% year over year. It earns a return on equity of 11.4%. The balance sheet holds a net cash position of 1.2T IDR. Fundamentals as of Aug 23, 2026

Our scenario range runs from 121.69 IDR (bear case) to 294.23 IDR (bull case); at 204.00 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 53% below its 52-week high and 54% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at −6% fair-value upside, at −3%, SCMA screens cheaper 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 9.90 IDR per share, which is 5.0 % 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
FCF DCF best evidence 96.66 IDR 149.58 IDR 238.36 IDR 79
Growth DCF 97.60 IDR 150.28 IDR 239.86 IDR 77
Owner Earnings 192.09 IDR 310.29 IDR 508.59 IDR 75
All 26 models by family
DCF Models
FCF DCF best evidence 96.66 IDR 149.58 IDR 238.36 IDR 79
Owner Earnings 192.09 IDR 310.29 IDR 508.59 IDR 75
5Y Revenue Exit 126.32 IDR 206.76 IDR 312.97 IDR 72
5Y EBITDA Exit 146.25 IDR 245.37 IDR 365.06 IDR 74
5Y P/E Exit 166.59 IDR 284.78 IDR 413.83 IDR 70
10Y Revenue Exit 111.47 IDR 184.55 IDR 289.69 IDR 65
10Y EBITDA Exit 128.82 IDR 212.51 IDR 331.74 IDR 67
10Y P/E Exit 142.26 IDR 241.05 IDR 371.11 IDR 63
Earnings-Based
Graham-Dodd 82.56 IDR 301.53 IDR 406.93 IDR 64
Lynch FV 71.81 IDR 102.59 IDR 133.37 IDR 61
PEG = 1.0 71.81 IDR 102.59 IDR 133.37 IDR 57
EPV 116.86 IDR 134.08 IDR 149.38 IDR 74
Dividend Discount
Gordon GGM 259.56 IDR 566.67 IDR 953.44 IDR 65
DDM Multi-Stage 259.56 IDR 464.19 IDR 590.56 IDR 66
Multiples
P/E Multiple 200.33 IDR 267.10 IDR 333.88 IDR 63
P/S Multiple 154.80 IDR 206.40 IDR 258.00 IDR 58
P/B Multiple 154.80 IDR 206.40 IDR 258.00 IDR 55
EV/EBIT 184.60 IDR 239.70 IDR 294.80 IDR 66
EV/EBITDA 186.27 IDR 241.93 IDR 297.59 IDR 67
EV/Revenue 144.65 IDR 198.37 IDR 252.10 IDR 54
Asset-Based
NCAV (Graham) 51.45 IDR 68.95 IDR 102.91 IDR 54
Growth DCF
Growth DCF 97.60 IDR 150.28 IDR 239.86 IDR 77
Rev-Margin DCF 126.32 IDR 204.95 IDR 299.04 IDR 72
Economic Profit
Residual Income 96.79 IDR 112.66 IDR 190.30 IDR 74
ROIC Compounder 121.91 IDR 156.75 IDR 205.47 IDR 72
Growth Earnings
Growth-Adj P/E 139.14 IDR 198.76 IDR 258.39 IDR 67

Widest divergence: Dividend Discount (464.19 IDR) versus Asset-Based (68.95 IDR). Highest evidence: FCF DCF (79).

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Key figures & financial health

P/E ratio 14.0
P/S ratio 1.57 P/E × margin
EPS (TTM) 14.57 IDR price ÷ EPS = P/E 14.0
Dividend yield 14.9%
Net margin 11.2% FY2025
Return on equity 11.4% TTM
More key figures
Profitability
Return on assets (EBIT) 9.2% avg 5y
Operating margin 21.0% TTM
Growth
Revenue (TTM) 7.0T IDR TTM
Revenue growth (YoY) +7.3% 3y avg −1.2%
EPS growth (YoY) +100%
Balance sheet & cash flow
Free cash flow 392B IDR FY2025
Net cash 1.2T IDR FY2025

Figures from reported company fundamentals · as of Aug 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 68/100

Of which business quality 65 · Market factors (momentum, volatility) 28

Profitability 49
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 36
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 7
Distance to the 52-week high (market factor)
Net Issuance 80
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 Surya Citra Media Tbk, together with its subsidiaries, provides multimedia services in Indonesia. It operates in four segments: Television and Other Multimedia Platform, Digital, Content Creation and Production Support, and Marketing Services and Enabler. The company owns SCTV, Indosiar, and Mentari TV television channels.

Full company description

PT Surya Citra Media Tbk, together with its subsidiaries, provides multimedia services in Indonesia. It operates in four segments: Television and Other Multimedia Platform, Digital, Content Creation and Production Support, and Marketing Services and Enabler. The company owns SCTV, Indosiar, and Mentari TV television channels. It also produces TV content and movies, and drama series of various genre; in-house content for national FTAs; and provides impresario, entertainment, online, printed, and electronic media, as well as artist management. In addition, it engages in the content production, studios and facility management, content library monetization, and content distribution; distribution and marketing activities; program production and creation services and other related business activities; movie production and distribution; film and video recording; and trading activities. Further, it offers information technology, advertising, promotion and marketing, general telecommunication, entertainment, management agency and production, information technology consultancy, mass media, and audio recording services. Additionally, the company provides multiplexing services; ad based video-on-demand and subscription video-on-demand; and leases and manages broadcast and movie production equipment and facilities. The company was formerly known as PT Cipta Aneka Selaras and changed its name to PT Surya Citra Media Tbk in January 2002. PT Surya Citra Media Tbk was founded in 1999 and is based in Jakarta, Indonesia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Surya Citra Media Tbk reported revenue of 6.9T IDR in FY2025 versus 5.9T IDR in FY2021, a compound +3.8%/yr. Reported net income was 771B IDR in FY2025, compounding −13.0%/yr from FY2021.

Growth Quality 57/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
6.9T IDR
Latest YoY
−2.4%
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.
−1.2%
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.
+6.2%
Avg. revenue growth/yr (23Y) 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.
+9.8%
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.
+9.3% (−5.6 + 14.9)
Revenue +3.8%/yr
FY21 5.9T IDR
FY22 7.1T IDR
FY23 6.5T IDR
FY24 7.1T IDR
FY25 6.9T IDR
Net income −13.0%/yr
FY21 1.3T IDR
FY22 846B IDR
FY23 335B IDR
FY24 595B IDR
FY25 771B IDR
Character of growth · EPS growth decomposed (2014-2025) −8.8 % p.a.
Revenue per share +7.0 %

of which total revenue +5.3 % · buybacks/dilution +1.6 %

EBIT margin −16.5 %
Tax rate −1.2 %
Residual (interest, one-offs) +3.4 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Surya Citra Media Tbk Fair Value". https://www.fairvalue-calculator.com/stock/SCMA

Peer Group

Broadcasting · 64 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 68 · Top 25%
Fair Value upside −3% · Below median
Return on equity (TTM) 11% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 21% · Top 25%
Revenue growth 7% · Above median
Dividend yield (TTM) 14.9% · Top 25%

Valuation Multiples vs Broadcasting median · lower = cheaper

P/E (TTM) 14.0× · Cheaper than median
P/B 2.00× · Pricier than 75% of peers
P/S (TTM) 1.87× · Pricier than 75% of peers
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 8.6× · Pricier than median
PEG 1.22× · Cheaper 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
VALUE30 · sector 52
FUTURE37 · sector 0
PAST46 · sector 2
HEALTH100 · sector 96
DIVIDEND100 · sector 84

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 Broadcasting stocks, each showing price versus our Fair Value estimate (as of Aug 23, 2026).

Stock Price Fair Value vs Fair Value
Nexstar Media Group NXST $177.84 $151.97 −15%
PT Elang Mahkota Teknologi Tbk, through its subsidiaries, EMTK 500.00 IDR 1,094 IDR +119%
MFE-Mediaforeurope N.V MFEB €3.62 €5.38 +49%
Jiangsu Broadcasting Cable Information Network Corporation 600959 ¥3.10 ¥1.14 −63%
Sun TV Network Limited SUNTV ₹487.90 ₹586.58 +20%
MBC Group 4072 20.41 SAR 19.24 SAR −6%
Métropole Télévision S.A MMT €12.04 €15.96 +33%
Beijing Gehua Catv Network Co 600037 ¥7.07 ¥3.63 −49%
Zee Entertainment Enterprises Limited ZEEL ₹104.65 ₹48.34 −54%
Sinclair, Inc SBGI $15.42 $4.29 −72%

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Frequently asked questions

Is Surya Citra Media Tbk (SCMA) overvalued or undervalued?
As of Aug 23, 2026, our model estimates a fair value of 198.19 IDR versus a price of 204.00 IDR, about −3% upside (fairly valued).
What is the fair value of SCMA?
Our model-based fair value for Surya Citra Media Tbk is 198.19 IDR (as of Aug 23, 2026), built from audited fundamentals. The current price: 204.00 IDR.
What is the quality score of SCMA?
Surya Citra Media Tbk has a Quality Score of 68/100. 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 Surya Citra Media Tbk (SCMA)?
Surya Citra Media Tbk reported trailing-twelve-month revenue of about 7.0T IDR (latest available figure, as of Aug 23, 2026).
What is the net profit margin of SCMA?
The net profit margin of Surya Citra Media Tbk is about 13.2%, meaning it keeps roughly 13.2% of revenue as net income. Based on the latest reported figures.
Does Surya Citra Media Tbk pay a dividend?
Surya Citra Media Tbk currently shows a dividend yield of about 14.91% relative to its recent price (as of Aug 23, 2026).
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