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Solusi Tunas Pratama Tbk (SUPR) Fair Value & Analysis

Real Estate · ID · Market cap 49.9T IDR (≈ $5.0B) · ISIN ID1000120702

What is Solusi Tunas Pratama Tbk really worth?

ST Solusi Tunas Pratama Tbk SUPR · JK
Price from Aug 24, 202643,850 IDR
Fair Value15,049 IDR
Upside−65.7%
Quality64/100

A solid business, but trading 191% above our fair value of 15,049 IDR.

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Strengths

Highly profitable · 65.8% net margin
Low debt · generates free cash flow
Wide moat 75/100

Risks

!Weak Growth (revenue 5y −0.1 %/yr)
!Mixed vs. peers (7/13)
Evidence: High Range 9,129 IDR – 22,467 IDR

Fair value as of: Aug 28, 2026

From 24 valuation models · updated 8 days ago

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 (22,467 IDR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (9,129 IDR to 22,467 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.

Price vs Fair Value (5 years)

70,975 IDR 4,250 IDR Fair Value 15,049 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 28, 2026.

How to read this chart

60‑month range 4,250 IDR – 70,975 IDR · fair‑value band 9,129 IDR – 22,467 IDR · the 43,850 IDR price screens above the 15,049 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 28, 2026.

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Analysis

Solusi Tunas Pratama Tbk (SUPR) currently trades at 43,850 IDR, while our model-based Fair Value estimate is 15,049 IDR, implying the stock looks roughly 191.4% overvalued today. The Quality Score stands at 64/100 (solid quality), in the Real Estate sector. Bull case: the Growth Earnings group reads highest at a median of 18,999 IDR per share, and 0 of the 24 models we run sit above the 43,850 IDR price. Bear case: the Asset-Based group reads lowest at 4,725 IDR, and 24 of the 24 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Solusi Tunas Pratama Tbk generated revenue of 1.9T IDR at a net margin of 65.8%. Revenue declined 1.4% year over year. It earns a return on equity of 16.4%. Net debt stands at 1.5T IDR. Fundamentals as of Aug 28, 2026

Our scenario range runs from 9,129 IDR (bear case) to 22,467 IDR (bull case); at 43,850 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 near its 52-week high, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at −23% fair-value upside, at −66%, SUPR 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 640.95 IDR per share, which is 4.3 % 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 9,228 IDR 15,484 IDR 25,962 IDR 78
Growth DCF 9,343 IDR 15,577 IDR 26,167 IDR 76
Owner Earnings 10,299 IDR 17,283 IDR 28,982 IDR 74
All 24 models by family
DCF Models
FCF DCF best evidence 9,228 IDR 15,484 IDR 25,962 IDR 78
Owner Earnings 10,299 IDR 17,283 IDR 28,982 IDR 74
5Y Revenue Exit 5,332 IDR 7,913 IDR 11,157 IDR 73
5Y EBITDA Exit 11,667 IDR 20,176 IDR 30,394 IDR 74
5Y P/E Exit 14,736 IDR 26,116 IDR 38,507 IDR 70
10Y Revenue Exit 6,460 IDR 9,242 IDR 12,959 IDR 67
10Y EBITDA Exit 10,765 IDR 18,116 IDR 28,473 IDR 67
10Y P/E Exit 12,793 IDR 22,415 IDR 35,015 IDR 62
Earnings-Based
Graham-Dodd 7,917 IDR 28,780 IDR 38,825 IDR 64
Lynch FV 6,838 IDR 9,769 IDR 12,699 IDR 61
PEG = 1.0 6,838 IDR 9,769 IDR 12,699 IDR 57
EPV 10,742 IDR 12,630 IDR 14,307 IDR 74
Multiples
P/E Multiple 19,211 IDR 25,615 IDR 32,019 IDR 63
P/S Multiple 4,409 IDR 5,879 IDR 7,348 IDR 58
P/B Multiple 14,845 IDR 19,794 IDR 24,742 IDR 55
EV/EBIT 14,307 IDR 19,062 IDR 23,816 IDR 66
EV/EBITDA 14,220 IDR 18,945 IDR 23,670 IDR 67
EV/Revenue 3,572 IDR 5,084 IDR 6,595 IDR 53
Asset-Based
NCAV (Graham) 3,526 IDR 4,725 IDR 7,052 IDR 54
Growth DCF
Growth DCF 9,343 IDR 15,577 IDR 26,167 IDR 76
Rev-Margin DCF 5,332 IDR 7,984 IDR 11,199 IDR 73
Economic Profit
Residual Income 7,998 IDR 10,535 IDR 35,310 IDR 58
ROIC Compounder 11,756 IDR 15,709 IDR 20,953 IDR 71
Growth Earnings
Growth-Adj P/E 13,299 IDR 18,999 IDR 24,699 IDR 67

Widest divergence: Growth Earnings (18,999 IDR) versus Asset-Based (4,725 IDR). Highest evidence: FCF DCF (78).

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Key figures & financial health

P/E ratio 46.3
P/S ratio 32.1 P/E × margin
EPS (TTM) 947.16 IDR price ÷ EPS = P/E 46.3
Net margin 69.3% FY2025
Return on equity 16.4% TTM
Return on assets (EBIT) 12.4% avg 5y
More key figures
Profitability
Operating margin 67.6% TTM
Growth
Revenue (TTM) 1.9T IDR TTM
Revenue growth (YoY) −1.4% 3y avg +0.4%
EPS growth (YoY) −22.4%
Balance sheet & cash flow
Free cash flow 835B IDR FY2025
Net debt 1.5T IDR FY2025 · ≈ 1.8 yrs of FCF

Figures from reported company fundamentals · as of Aug 28, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 62 · Market factors (momentum, volatility) 56

Profitability 54
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 69
Earnings quality: real cash, not paper profit
Fin. Strength 67
Balance sheet, leverage, solvency risk
Investment 30
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 33
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 Solusi Tunas Pratama Tbk operates as an independent tower company in Indonesia. The company manages and leases base transceiver station towers. It also operates greenfield and rooftop towers, including four-legged supporting towers, three-legged self-supporting towers, camouflage towers, monopoles, and roof top towers, as well as mobile BTS.

Full company description

PT Solusi Tunas Pratama Tbk operates as an independent tower company in Indonesia. The company manages and leases base transceiver station towers. It also operates greenfield and rooftop towers, including four-legged supporting towers, three-legged self-supporting towers, camouflage towers, monopoles, and roof top towers, as well as mobile BTS. The company was founded in 2006 and is based in Kudus, Indonesia. PT Solusi Tunas Pratama Tbk operates as a subsidiary of PT Profesional Telekomunikasi Indonesia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Solusi Tunas Pratama Tbk reported revenue of 1.9T IDR in FY2025 versus 2.1T IDR in FY2021, a compound −2.1%/yr. Reported net income was 1.3T IDR in FY2025.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.9T IDR
Latest YoY
+5.1%
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.
+0.4%
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.
−0.1%
Avg. revenue 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.
+25.7%
Value creation/yr (5Y, in IDR) Earnings growth per share (CAGR 5 years, EBIT basis) 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.
+4.5% (4.5 + 0.0)
Revenue −2.1%/yr
FY21 2.1T IDR
FY22 1.9T IDR
FY23 1.9T IDR
FY24 1.8T IDR
FY25 1.9T IDR
Net income
FY21 −69.1B IDR
FY22 936B IDR
FY23 1.1T IDR
FY24 974B IDR
FY25 1.3T IDR

SUPR screens 191% overvalued. Compare with CBRE Group →

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Cite: Fair Value Calculator (2026). "Solusi Tunas Pratama Tbk Fair Value". https://www.fairvalue-calculator.com/stock/SUPR

Peer Group

Real Estate Services · 523 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 63 · Top 25%
Fair Value upside −66% · Bottom 25%
Return on equity (TTM) 16% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 66% · Top 25%
Operating margin (TTM) 68% · Top 25%
Revenue growth −1% · Below median

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/E (TTM) 46.3× · Pricier than 75% of peers
P/B 6.22× · Pricier than 75% of peers
P/S (TTM) 26.20× · Pricier than 75% of peers
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 32.4× · Pricier than 75% of peers

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 30
FUTURE0 · sector 11
PAST66 · sector 17
HEALTH100 · sector 84
DIVIDEND0 · sector 63

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

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

Similar stocks

10 more Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Aug 28, 2026).

Stock Price Fair Value vs Fair Value
CBRE Group CBRE $148.74 $69.47 −53%
Vonovia SE VNA €19.85 €36.67 +85%
Cellnex Telecom, S.A CLNX €27.47 €25.46 −7%
KE Holdings BEKE $17.42 $6.57 −62%
Jones Lang LaSalle Incorporated JLL $378.01 $290.25 −23%
Swire Properties Limited 1972 HK$24.84 HK$5.12 −79%
CoStar Group CSGP $32.22 $4.64 −86%
China Resources Mixc Lifestyle Services Limited 1209 HK$39.84 HK$34.95 −12%
CapitaLand Investment Limited 9CI 2.66 SGD 0.4900 SGD −82%
Plaza S.A MALLPLAZA 4,040 CLP 4,571 CLP +13%

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Frequently asked questions

Is Solusi Tunas Pratama Tbk (SUPR) overvalued or undervalued?
As of Aug 28, 2026, our model estimates a fair value of 15,049 IDR versus the last price from Aug 24, 2026 of 43,850 IDR, about −66% upside (overvalued).
What is the fair value of SUPR?
Our model-based fair value for Solusi Tunas Pratama Tbk is 15,049 IDR (as of Aug 28, 2026), built from audited fundamentals. Last price (from Aug 24, 2026): 43,850 IDR.
What is the quality score of SUPR?
Solusi Tunas Pratama Tbk has a Quality Score of 64/100. 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 Solusi Tunas Pratama Tbk (SUPR)?
Solusi Tunas Pratama Tbk reported trailing-twelve-month revenue of about 1.9T IDR (latest available figure, as of Aug 28, 2026).
What is the net profit margin of SUPR?
The net profit margin of Solusi Tunas Pratama Tbk is about 65.8%, meaning it keeps roughly 65.8% of revenue as net income. Based on the latest reported figures.
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