The Discounted Cash Flow (DCF) valuation of Summarecon Agung Tbk PT (SMRA.JK) is 537.05 IDR. With the latest stock price at 374.00 IDR, the upside of Summarecon Agung Tbk PT based on DCF is 43.6%.
Based on the latest price of 374.00 IDR and our DCF valuation, Summarecon Agung Tbk PT (SMRA.JK) is a buy. Buying SMRA.JK stocks now will result in a potential gain of 43.6%.
Range | Selected | |
WACC / Discount Rate | 7.8% - 11.0% | 9.4% |
Long-term Growth Rate | 1.0% - 3.0% | 2.0% |
Fair Price | 306.5 - 1,017.26 | 537.05 |
Upside | -18.0% - 172.0% | 43.6% |
(IDR in millions) | Projections | |||||
12-2024 | 12-2025 | 12-2026 | 12-2027 | 12-2028 | 12-2029 | |
Revenue | 10,623,355 | 8,283,062 | 8,519,279 | 9,396,656 | 9,924,325 | 10,476,109 |
% Growth | 60% | -22% | 3% | 10% | 6% | 6% |
Cost of goods sold | (5,162,449) | (4,025,177) | (4,139,967) | (4,566,331) | (4,822,753) | (5,090,894) |
% of Revenue | 49% | 49% | 49% | 49% | 49% | 49% |
Selling, G&A expenses | (1,605,861) | (1,252,095) | (1,287,802) | (1,420,429) | (1,500,193) | (1,583,603) |
% of Revenue | 15% | 15% | 15% | 15% | 15% | 15% |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
% of Revenue | 0% | 0% | 0% | 0% | 0% | 0% |
Net interest & other expenses | (1,991,006) | (1,552,393) | (1,596,665) | (1,761,101) | (1,859,995) | (1,963,410) |
% of Revenue | 19% | 19% | 19% | 19% | 19% | 19% |
Tax expense | (21,820) | (7,266) | (7,473) | (8,243) | (8,705) | (9,189) |
Tax rate | 1% | 0% | 0% | 0% | 0% | 0% |
Net profit | 1,842,219 | 1,446,131 | 1,487,372 | 1,640,553 | 1,732,678 | 1,829,013 |
% Margin | 17% | 17% | 17% | 17% | 17% | 17% |