PT Chemstar Indonesia Tbk (CHEM) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of PT Chemstar Indonesia Tbk stock IDR 47, price IDR 46, upside +2.6%, quality 49 out of 100. Rating: fairly valued. Calculated from audited financials with 17 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
52‑month range 46.00 IDR – 213.02 IDR · fair‑value band 33.03 IDR – 61.37 IDR · the 46.00 IDR price screens below the 47.20 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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PT Chemstar Indonesia Tbk manufactures and trades in chemicals for the textile and other industries in Indonesia.
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The company offers DEMULGEN RA-AC, an acid-reduction clearing agent for dispersing dyes; ESKA FINISH FN-GRM, a weight-enhancer agent for cotton and polyester knitted; ESKALET DA-APC, a chelating and dispersing agent; ESKA PLUS DN-SR, a sodium alkali for the fixation of reactive dyes in exhaust dyeing; ESKA SOFT SN-HWA, a micro emulsion silicone type softening agent for natural fibers and related blend; and ESKA FIX FC-DR, a fixing agent for direct and reactive dyes to improve fastness of the dyed or printed materials made from cellulose fiber and their blended.
It also provides dyes and chemicals for spinning, sizing, weaving, knitting, pre-treatment, dyeing, printing, finishing, and coating processes. The company was founded in 2004 and is headquartered in Purwakarta, Indonesia. PT Chemstar Indonesia Tbk operates as a subsidiary of PT Tunas Bahtera Harum.
Stock analysis
PT Chemstar Indonesia Tbk (CHEM) currently trades at 46.00 IDR, while our model-based Fair Value estimate is 47.20 IDR, so the stock looks roughly fairly valued today (gap 2.5%).
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Valuation
Bull case: the DCF Models group reads highest at a median of 55.48 IDR per share, and 3 of the 17 models we run sit above the 46.00 IDR price.
Bear case: the Dividend Discount group reads lowest at 9.29 IDR, and 14 of the 17 models stay below the price. Data coverage for this calculation is low.
Scenario range: 33.03 IDR (bear) to 61.37 IDR (bull), the price of 46.00 IDR sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 49/100 (below-average quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
PT Chemstar Indonesia Tbk reported revenue of 219B IDR in FY2025 versus 89.6B IDR in FY2021, a compound +25.0%/yr. Reported net income was 1.9B IDR in FY2025, compounding −38.4%/yr from FY2021.
Key figures
Market cap 78.1B IDR (≈ $4.3M) Micro · P/S ratio 0.39 · Dividend yield 0.7% · Net margin −1.1% · Return on equity −2.0% · Return on assets (EBIT) 8.2% (5-year average) · Operating margin 3.3% · Revenue (TTM) 211B IDR.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 23 out of 100 (low confidence).
What moves the price
The share trades about 67% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −43% fair-value upside, at 3%, CHEM screens cheaper than that median.
Fair Value models
Bear33.03 IDRFair Value 47.20 IDRBull61.37 IDR
Price 46.00 IDR · Upside +2.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Residual Income38.75 IDR40.53 IDR43.66 IDR76
EPV20.48 IDR22.34 IDR23.86 IDR74
Owner Earnings30.56 IDR55.48 IDR99.87 IDR73
All 17 models by family
DCF Models
Owner Earnings30.56 IDR55.48 IDR99.87 IDR73
Earnings-Based
Graham-Dodd7.44 IDR51.92 IDR72.86 IDR63
Lynch FV18.25 IDR26.07 IDR33.89 IDR61
PEG = 1.018.25 IDR26.07 IDR33.89 IDR57
EPV20.48 IDR22.34 IDR23.86 IDR74
Dividend Discount
Gordon GGM5.59 IDR9.59 IDR12.68 IDR68
DDM Multi-Stage5.59 IDR8.99 IDR10.30 IDR67
Multiples
P/E Multiple13.96 IDR18.61 IDR23.26 IDR63
P/S Multiple13.96 IDR18.61 IDR23.26 IDR58
P/B Multiple153.49 IDR204.65 IDR255.81 IDR55
EV/EBIT7.92 IDR16.00 IDR24.08 IDR63
EV/EBITDA17.47 IDR28.74 IDR40.00 IDR65
EV/Revenue4.69 IDR13.69 IDR22.70 IDR50
Asset-Based
NCAV (Graham)29.84 IDR45.21 IDR56.51 IDR54
Economic Profit
Residual Income38.75 IDR40.53 IDR43.66 IDR76
ROIC Compounder20.48 IDR22.34 IDR23.86 IDR72
Growth Earnings
Growth-Adj P/E21.92 IDR31.32 IDR40.72 IDR67
The fair value above starts from this blend and is adjusted for a cyclical trough year.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+25.5%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+19.7%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+22.5%
Start year 2020 (pandemic)
Revenue growth 6 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+16.5%
’19
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What shareholders gained per year (last 5 years), in IDR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. 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.
−15.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−15.9%
Dividend (yield on the price)0.7%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.11% → 2%
Compare PT Chemstar Indonesia Tbk with another stock
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Peer Groupⓘ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.Specialty Chemicals · 728 stocks
Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside+2.6% · Above median
Profitability
Return on assets0.9% · Below median
Net margin (12 months)−1.1% · Bottom 25%
Operating margin (12 months)3.3% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)22.9% · Above median
Dividend yield (12 months)0.7% · Below median
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "PT Chemstar Indonesia Tbk Fair Value". https://www.fairvalue-calculator.com/stock/CHEM
Frequently asked questions
Is PT Chemstar Indonesia Tbk (CHEM) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 47.20 IDR versus a price of 46.00 IDR, about +3% upside (fairly valued).
What is the fair value of CHEM?
Our model-based fair value for PT Chemstar Indonesia Tbk is 47.20 IDR (as of Nov 7, 2026), built from audited fundamentals. The current price: 46.00 IDR.
What is the quality score of CHEM?
PT Chemstar Indonesia Tbk has a Quality Score of 49/100. 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 price target for PT Chemstar Indonesia Tbk (CHEM)?
Our model-based price target is the fair value of 47.20 IDR (as of Nov 7, 2026) from 17 valuation models. Cautious scenario 33.03 IDR, optimistic scenario 61.37 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the PT Chemstar Indonesia Tbk stock forecast for 2026?
Our models put fair value at 47.20 IDR, about +3% upside versus a price of 46.00 IDR (fairly valued). Cautious scenario 33.03 IDR, optimistic scenario 61.37 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of PT Chemstar Indonesia Tbk (CHEM)?
PT Chemstar Indonesia Tbk reported trailing-twelve-month revenue of about 211B IDR (latest available figure, as of Nov 7, 2026).
Does PT Chemstar Indonesia Tbk pay a dividend?
PT Chemstar Indonesia Tbk currently shows a dividend yield of 0.72% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of PT Chemstar Indonesia Tbk (CHEM) and when is the ex-dividend date?
PT Chemstar Indonesia Tbk pays a dividend of 0.33 IDR per share a year, a dividend yield of 0.7%. The last ex-dividend date was May 25, 2026. The payout ratio is 30.1% of earnings. Our assessment: Token dividend. At a yield of 0.7% the dividend is symbolic. On paper it is not fully covered by earnings or free cash flow, but at this size that hardly matters: even scrapping it entirely would cost less than 0.7% a year, and coverage ratios on amounts this small swing with ordinary working-capital movements. Judge this company on its business, not on its dividend.
What is the intrinsic value of PT Chemstar Indonesia Tbk (CHEM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For PT Chemstar Indonesia Tbk it is 47.20 IDR per share (as of Nov 7, 2026), against a price of 46.00 IDR. It is the blended result of 17 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is PT Chemstar Indonesia Tbk stock overvalued or undervalued in 2026?
As of Nov 7, 2026, CHEM trades below its calculated fair value: price 46.00 IDR, fair value 47.20 IDR, a gap of about +3% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CHEM?
No. The price is what the market pays today (46.00 IDR); the fair value is what the company's own numbers justify (47.20 IDR). For PT Chemstar Indonesia Tbk the two are 1.20 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is PT Chemstar Indonesia Tbk worth?
The market values PT Chemstar Indonesia Tbk at about 78.1B IDR (market capitalisation, as of Nov 7, 2026). Per share that is 46.00 IDR; our models calculate a fair value of 47.20 IDR per share.
What do the bullish and bearish scenarios say about CHEM?
Our models span a range for PT Chemstar Indonesia Tbk: cautious scenario 33.03 IDR, base 47.20 IDR, optimistic 61.37 IDR per share (as of Nov 7, 2026, price 46.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of PT Chemstar Indonesia Tbk (CHEM)?
Balance-sheet figures for PT Chemstar Indonesia Tbk (as of Nov 7, 2026): return on equity −2.0%, debt of 0.01 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is CHEM from its 52-week high?
PT Chemstar Indonesia Tbk trades at 46.00 IDR, about 67% below its 52-week high of 141.31 IDR and at the low of 46.00 IDR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 47.20 IDR is for.
Which stocks are comparable to PT Chemstar Indonesia Tbk?
From the same area (Basic Materials) we also value Linde plc, Ecolab Inc, The Sherwin-Williams Company, Nan Ya Plastics Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is PT Chemstar Indonesia Tbk stock attractive at the current price?
The data as of Nov 7, 2026: price 46.00 IDR, calculated fair value 47.20 IDR (+3%), Quality Score 49/100, from 17 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CHEM calculated?
We run PT Chemstar Indonesia Tbk through 17 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 47.20 IDR builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. PT Chemstar Indonesia Tbk currently trades 3% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of PT Chemstar Indonesia Tbk (CHEM)?
The closing price on Nov 6, 2026 was 46.00 IDR. Our model-based fair value is 47.20 IDR, about +3% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with PT Chemstar Indonesia Tbk right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (33.03 IDR to 61.37 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.
Key figures of PT Chemstar Indonesia Tbk
How large is the market capitalisation of PT Chemstar Indonesia Tbk (CHEM)?
The market capitalisation of PT Chemstar Indonesia Tbk is 78.1B IDR (≈ $4.3M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of PT Chemstar Indonesia Tbk (CHEM)?
The price-to-sales ratio of PT Chemstar Indonesia Tbk is 0.39 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of PT Chemstar Indonesia Tbk (CHEM)?
The dividend yield of PT Chemstar Indonesia Tbk is 0.7%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of PT Chemstar Indonesia Tbk (CHEM)?
The net margin of PT Chemstar Indonesia Tbk is −1.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of PT Chemstar Indonesia Tbk (CHEM)?
The return on equity (ROE) of PT Chemstar Indonesia Tbk is −2.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of PT Chemstar Indonesia Tbk (CHEM)?
On an EBIT basis the return on assets of PT Chemstar Indonesia Tbk is 8.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of PT Chemstar Indonesia Tbk (CHEM)?
The operating margin of PT Chemstar Indonesia Tbk is 3.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at PT Chemstar Indonesia Tbk (CHEM)?
Revenue at PT Chemstar Indonesia Tbk is growing +22.9% versus a year earlier (3y avg +19.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at PT Chemstar Indonesia Tbk (CHEM)?
Earnings per share at PT Chemstar Indonesia Tbk are growing −66.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does PT Chemstar Indonesia Tbk (CHEM) generate?
The free cash flow of PT Chemstar Indonesia Tbk is −4.4B IDR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does PT Chemstar Indonesia Tbk (CHEM) carry?
The net debt of PT Chemstar Indonesia Tbk is 27.7B IDR (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 7, 2026