PT Carsurin Tbk (CRSN) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of PT Carsurin Tbk stock IDR 56, price IDR 113, that is 50.8% below the price, quality 45 out of 100. Rating: strongly overvalued. Calculated from audited financials with 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
40‑month range 88.61 IDR – 179.41 IDR · fair‑value band 51.86 IDR – 93.81 IDR · the 113.00 IDR price screens above the 55.56 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 Carsurin Tbk, togther with its subsidiaries, provides technical risk and technology solutions in Indonesia.
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The company offers survey, inspection, laboratory, UAV, audit, compliance, consultancy, analysis, testing, assessment, verification, and validation services to agriculture, consumer product and retail, coal and coke, electric vehicle, environment, marine and offshore, minerals and metals, oil and gas, and petroleum and petrochemicals industries.
It is also involved in oil and gas installation; wholesale of machinery, equipment, and other supplies; laboratory testing services; mining and quarrying support activities; other technical analysis and testing; other professional, scientific, and technical activities; business consultancy and brokerage activities; and forestry planning.
The company was founded in 1968 and is headquartered in Jakarta Barat, Indonesia.
Stock analysis
PT Carsurin Tbk (CRSN) currently trades at 113.00 IDR, while our model-based Fair Value estimate is 55.56 IDR, 51% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 119.34 IDR per share, and 8 of the 26 models we run sit above the 113.00 IDR price.
Bear case: the Dividend Discount group reads lowest at 33.34 IDR, and 18 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: 51.86 IDR (bear) to 93.81 IDR (bull), the price of 113.00 IDR sits above 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 45/100 (below-average quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
PT Carsurin Tbk reported revenue of 505B IDR in FY2025 versus 319B IDR in FY2021, a compound +12.2%/yr. Reported net income was 5.6B IDR in FY2025, compounding −27.9%/yr from FY2021.
Key figures
Market cap 327B IDR (≈ $18.2M) Micro · P/S ratio 0.61 · Dividend yield 2.2% · Net margin 1.1% · Return on equity 2.5% · Return on assets (EBIT) 17.6% (5-year average) · Operating margin 5.8% · Revenue (TTM) 513B IDR.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 31 out of 100 (low confidence).
What moves the price
The share trades about 37% below its 52-week high and 24% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −12% fair-value upside, at −51%, CRSN screens richer than that median.
Fair Value models
Bear51.86 IDRFair Value 55.56 IDRBull93.81 IDR
Price 113.00 IDR · Downside -50.8%
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.
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.82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+12.6%
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.
+11.6%
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.
+12.6%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
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.
−20.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−22.5%
Dividend (yield on the price)2.2%
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.9% → 6%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+31.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Indonesia: IMF forecast 2.6% a year to 2030, 2.9% from 2016 to 2025) that is about +27.7% a year for the price.
Price, fair value, quality and upside side by side.
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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 Business Services · 229 stocks
Beats the industry median on 3/13 measures
Overall it trails its industry peers.
Valuation
Quality Score45 · Bottom 25%
Fair Value upside−45.5% · Bottom 25%
Profitability
Return on equity (12 months)2.5% · Below median
Return on assets1.5% · Below median
Net margin (12 months)1.1% · Bottom 25%
Operating margin (12 months)5.8% · Below median
Growth and dividend
Revenue growth (quarter YoY)5.2% · Below median
Dividend yield (12 months)2.2% · Below median
Balance sheet
Debt / equity0.21× · Above median
Valuation Multiplesvs Specialty Business Services median · lower = cheaper
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Is PT Carsurin Tbk (CRSN) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 55.56 IDR versus a price of 113.00 IDR, about 51% lower (overvalued).
What is the fair value of CRSN?
Our model-based fair value for PT Carsurin Tbk is 55.56 IDR (as of Nov 7, 2026), built from audited fundamentals. The current price: 113.00 IDR.
What is the quality score of CRSN?
PT Carsurin Tbk has a Quality Score of 45/100. 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 Carsurin Tbk (CRSN)?
Our model-based price target is the fair value of 55.56 IDR (as of Nov 7, 2026) from 26 valuation models. Cautious scenario 51.86 IDR, optimistic scenario 93.81 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the PT Carsurin Tbk stock forecast for 2026?
Our models put fair value at 55.56 IDR, about 51% lower versus a price of 113.00 IDR (overvalued). Cautious scenario 51.86 IDR, optimistic scenario 93.81 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of PT Carsurin Tbk (CRSN)?
PT Carsurin Tbk reported trailing-twelve-month revenue of about 513B IDR (latest available figure, as of Nov 7, 2026).
Does PT Carsurin Tbk pay a dividend?
PT Carsurin Tbk currently shows a dividend yield of 2.16% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of PT Carsurin Tbk (CRSN)?
PT Carsurin Tbk has a dividend yield of 2.2%.
What growth is priced into PT Carsurin Tbk (CRSN)?
For today's price to be fair in a discounted-cash-flow model, PT Carsurin Tbk would have to grow free cash flow by +31.1 % per year for five years (discount rate 10.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +12.6 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of CRSN use?
Our models discount PT Carsurin Tbk at 10.5 %: a base by market capitalisation (nano), damped by beta 0.38, country premium for Indonesia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For PT Carsurin Tbk that is +31.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.5 %) and the same formula as our fair value.
How much growth has PT Carsurin Tbk (CRSN) delivered so far?
Over the past 5 years revenue at PT Carsurin Tbk grew +12.6 % a year. The price currently implies free-cash-flow growth of +31.1 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of PT Carsurin Tbk (CRSN) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into PT Carsurin Tbk (+31.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of PT Carsurin Tbk (CRSN)?
The free-cash-flow yield on the price is 2.00 %: that much free cash flow PT Carsurin Tbk produces per unit of market value. When it exceeds the discount rate of our models (10.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of PT Carsurin Tbk (CRSN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For PT Carsurin Tbk it is 55.56 IDR per share (as of Nov 7, 2026), against a price of 113.00 IDR. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is PT Carsurin Tbk stock overvalued or undervalued in 2026?
As of Nov 7, 2026, CRSN trades above its calculated fair value: price 113.00 IDR, fair value 55.56 IDR, a gap of about −51% (overvalued). 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 CRSN?
No. The price is what the market pays today (113.00 IDR); the fair value is what the company's own numbers justify (55.56 IDR). For PT Carsurin Tbk the two are 57.44 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is PT Carsurin Tbk worth?
The market values PT Carsurin Tbk at about 327B IDR (market capitalisation, as of Nov 7, 2026). Per share that is 113.00 IDR; our models calculate a fair value of 55.56 IDR per share.
What do the bullish and bearish scenarios say about CRSN?
Our models span a range for PT Carsurin Tbk: cautious scenario 51.86 IDR, base 55.56 IDR, optimistic 93.81 IDR per share (as of Nov 7, 2026, price 113.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of PT Carsurin Tbk (CRSN)?
Balance-sheet figures for PT Carsurin Tbk (as of Nov 7, 2026): return on equity 2.5%, debt of 0.21 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is CRSN from its 52-week high?
PT Carsurin Tbk trades at 113.00 IDR, about 37% below its 52-week high of 179.41 IDR and 24% above the low of 91.00 IDR (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 55.56 IDR is for.
Which stocks are comparable to PT Carsurin Tbk?
From the same area (Industrials) we also value Cintas Corporation, Thomson Reuters Corporation, Copart, Inc, Global Payments Inc, 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 Carsurin Tbk stock attractive at the current price?
The data as of Nov 7, 2026: price 113.00 IDR, calculated fair value 55.56 IDR (−51%), Quality Score 45/100, from 26 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 CRSN calculated?
We run PT Carsurin Tbk through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 55.56 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 Carsurin Tbk itself currently trades above fair value. 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 Carsurin Tbk (CRSN)?
The closing price on Nov 9, 2026 was 113.00 IDR. Our model-based fair value is 55.56 IDR, about 51% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with PT Carsurin Tbk right now?
The price sits above even our optimistic bull case (93.81 IDR). The favourable scenario is already priced in. Weak quality (45/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (51.86 IDR to 93.81 IDR) leaves room in how you read the outcome.
Key figures of PT Carsurin Tbk
How large is the market capitalisation of PT Carsurin Tbk (CRSN)?
The market capitalisation of PT Carsurin Tbk is 327B IDR (≈ $18.2M). 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 Carsurin Tbk (CRSN)?
The price-to-sales ratio of PT Carsurin Tbk is 0.61 (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 Carsurin Tbk (CRSN)?
The dividend yield of PT Carsurin Tbk is 2.2%. 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 Carsurin Tbk (CRSN)?
The net margin of PT Carsurin 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 Carsurin Tbk (CRSN)?
The return on equity (ROE) of PT Carsurin Tbk is 2.5% (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 Carsurin Tbk (CRSN)?
On an EBIT basis the return on assets of PT Carsurin Tbk is 17.6% (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 Carsurin Tbk (CRSN)?
The operating margin of PT Carsurin Tbk is 5.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at PT Carsurin Tbk (CRSN)?
Revenue at PT Carsurin Tbk is growing +5.2% versus a year earlier (3y avg +11.6%). 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 Carsurin Tbk (CRSN)?
Earnings per share at PT Carsurin Tbk are growing −9.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does PT Carsurin Tbk (CRSN) carry?
The net debt of PT Carsurin Tbk is 76.0B IDR (fiscal year 2025, ≈ 11.6 yrs of FCF). 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