| Select LTM Revenue Multiple | | | | | | | | |
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| Benchmark Companies | | | |
| DSSA | ABMM | RAJA | BUMI | ADRO | | GTBO | |
| IDX:DSSA | IDX:ABMM | IDX:RAJA | IDX:BUMI | IDX:ADRO | | IDX:GTBO | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 12.6% | 14.1% | 15.8% | 8.6% | -9.7% | | 11.7% | |
| 3Y CAGR | 11.7% | 35.0% | 37.4% | 28.6% | -19.6% | | NM- | |
| Latest Twelve Months | -39.8% | -19.6% | 24.9% | -19.1% | -2.7% | | -36.3% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 21.8% | 19.0% | 10.4% | 0.5% | 33.5% | | -0.3% | |
| Prior Fiscal Year | 25.0% | 21.5% | 22.3% | 3.1% | 36.6% | | 21.9% | |
| Latest Fiscal Year | 21.6% | 9.0% | 19.1% | 4.2% | 34.8% | | 10.2% | |
| Latest Twelve Months | 21.6% | 9.0% | 19.1% | 4.2% | 34.8% | | -19.7% | |
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| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 5.31x | 0.58x | 2.35x | 1.77x | 0.83x | | 0.44x | |
| EV / LTM EBIT | 24.6x | 4.5x | 12.3x | 41.4x | 2.4x | | -2.2x | |
| Price / LTM Sales | 5.28x | 0.41x | 1.98x | 1.46x | 1.62x | | 0.49x | |
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| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.58x | 1.77x | 5.31x | | | | | |
| Historical EV / LTM Revenue | 0.82x | 1.25x | 13.65x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.77x | 0.81x | 0.85x | | | | | |
| (x) LTM Revenue | 38 | 38 | 38 | | | | | |
| (=) Implied Enterprise Value | 29 | 31 | 33 | | | | | |
| (-) Non-shareholder Claims * | 2 | 2 | 2 | | | | | |
| (=) Equity Value | 32 | 33 | 35 | | | | | |
| (/) Shares Outstanding | 2,500.0 | 2,500.0 | 2,500.0 | | | | | |
| Implied Value Range | 0.01 | 0.01 | 0.01 | | | | | |
| FX Rate: USD/IDR | 0.0 | 0.0 | 0.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 209.73 | 220.00 | 230.28 | | 125.00 | | | |
| Upside / (Downside) | 67.8% | 76.0% | 84.2% | | | | | |