Habco Trans Maritima (HATM) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Habco Trans Maritima stock IDR 219, price IDR 376, that is 41.8% below the price, quality 33 out of 100. Rating: strongly overvalued. Calculated from audited financials with 14 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 6, 2026.
How to read this chart
51‑month range 155.57 IDR – 670.00 IDR · fair‑value band 164.15 IDR – 273.59 IDR · the 376.00 IDR price screens above the 218.87 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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PT Habco Trans Maritima Tbk owns and operates bulk carriers. The company operates through Handy Size and Larger than Handy Size segments. It provides barges, transshipment, and bulk carrier services.
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It also transports goods using sea vessels designed for a particular type of cargo such as transportation of hazardous goods, hazardous and toxic waste, fuel oil, crude oil, refined products, LPG, LNG and CNG, and fish and other commodities, as well as engages in the leasing sea transportation.
The company was founded in 2019 and is headquartered in Pekanbaru, Indonesia. PT Habco Trans Maritima Tbk is a subsidiary of PT Habco Primatama.
Stock analysis
Habco Trans Maritima (HATM) currently trades at 376.00 IDR, while our model-based Fair Value estimate is 218.87 IDR, 42% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 466.56 IDR per share, and 3 of the 14 models we run sit above the 376.00 IDR price.
Bear case: the Asset-Based group reads lowest at 22.49 IDR, and 11 of the 14 models stay below the price. Data coverage for this calculation is low.
Scenario range: 164.15 IDR (bear) to 273.59 IDR (bull), the price of 376.00 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 33/100 (below-average quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Habco Trans Maritima reported revenue of 965B IDR in FY2025 versus 253B IDR in FY2021, a compound +39.8%/yr. Reported net income was 97.1B IDR in FY2025, compounding +1.9%/yr from FY2021.
Key figures
Market cap 4.8T IDR (≈ $267M) Micro · P/E ratio 88.3 · P/S ratio 3.11 · EPS (TTM) 4.26 IDR · Net margin 4.0% · Return on equity 2.4% · Return on assets (EBIT) 15.6% (5-year average) · Operating margin 17.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (low confidence).
What moves the price
The share trades about 44% below its 52-week high and 35% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 13% fair-value upside, at −42%, HATM screens richer than that median.
Fair Value models
Bear164.15 IDRFair Value 218.87 IDRBull273.59 IDR
Price 376.00 IDR · Downside -41.8%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (3.65 IDR per share) are deliberately not added.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.41/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+29.0%
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.
+37.5%
’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.
−1.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.1%
Dividend (yield on the price)0.0%
Profit margin 2021 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.35% → 11%
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.Marine Shipping · 220 stocks
Beats the industry median on 2/13 measures
Overall it trails its industry peers.
Valuation
Quality Score33 · Bottom 25%
Fair Value upside−40.8% · Bottom 25%
Profitability
Return on equity (12 months)2.4% · Bottom 25%
Return on assets5.3% · Above median
Net margin (12 months)4.0% · Bottom 25%
Operating margin (12 months)17.3% · Below median
Growth and dividend
Revenue growth (quarter YoY)6.2% · Below median
Dividend yield (12 months)0.0% · Bottom 25%
Balance sheet
Debt / equity0.07× · Lowest 25%
Valuation Multiplesvs Marine Shipping median · lower = cheaper
P/E (12 months)88.3× · Priciest 25%
P/B2.99× · Priciest 25%
P/S (12 months)4.97× · Priciest 25%
EV/EBITDA30.4× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 45
FUTURE (revenue growth)31· sector 60
PAST (return on equity)10· sector 36
HEALTH (low debt)97· sector 89
DIVIDEND (yield)0· sector 61
VALUE 0: the price sits above our fair-value range.
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). "Habco Trans Maritima Fair Value". https://www.fairvalue-calculator.com/stock/HATM
Frequently asked questions
Is Habco Trans Maritima (HATM) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 218.87 IDR versus a price of 376.00 IDR, about 42% lower (overvalued).
What is the fair value of HATM?
Our model-based fair value for Habco Trans Maritima is 218.87 IDR (as of Nov 6, 2026), built from audited fundamentals. The current price: 376.00 IDR.
What is the quality score of HATM?
Habco Trans Maritima has a Quality Score of 33/100. 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 Habco Trans Maritima (HATM)?
Our model-based price target is the fair value of 218.87 IDR (as of Nov 6, 2026) from 14 valuation models. Cautious scenario 164.15 IDR, optimistic scenario 273.59 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Habco Trans Maritima stock forecast for 2026?
Our models put fair value at 218.87 IDR, about 42% lower versus a price of 376.00 IDR (overvalued). Cautious scenario 164.15 IDR, optimistic scenario 273.59 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Habco Trans Maritima (HATM)?
Habco Trans Maritima reported trailing-twelve-month revenue of about 965B IDR (latest available figure, as of Nov 6, 2026).
What is the intrinsic value of Habco Trans Maritima (HATM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Habco Trans Maritima it is 218.87 IDR per share (as of Nov 6, 2026), against a price of 376.00 IDR. It is the blended result of 14 valuation models in 5 families (Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Habco Trans Maritima stock overvalued or undervalued in 2026?
As of Nov 6, 2026, HATM trades above its calculated fair value: price 376.00 IDR, fair value 218.87 IDR, a gap of about −42% (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 HATM?
No. The price is what the market pays today (376.00 IDR); the fair value is what the company's own numbers justify (218.87 IDR). For Habco Trans Maritima the two are 157.13 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Habco Trans Maritima worth?
The market values Habco Trans Maritima at about 4.8T IDR (market capitalisation, as of Nov 6, 2026). Per share that is 376.00 IDR; our models calculate a fair value of 218.87 IDR per share.
What do the bullish and bearish scenarios say about HATM?
Our models span a range for Habco Trans Maritima: cautious scenario 164.15 IDR, base 218.87 IDR, optimistic 273.59 IDR per share (as of Nov 6, 2026, price 376.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of HATM?
Habco Trans Maritima trades at a price-to-earnings ratio of 88.3 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 218.87 IDR is built from several models across several years. Other multiples: P/B 3.0, P/S 5.0, EV/EBITDA 30.4.
How solid is the balance sheet of Habco Trans Maritima (HATM)?
Balance-sheet figures for Habco Trans Maritima (as of Nov 6, 2026): return on equity 2.4%, debt of 0.07 per unit of equity. They feed the Quality Score of 33/100, which measures business quality independently of the share price.
How far is HATM from its 52-week high?
Habco Trans Maritima trades at 376.00 IDR, about 44% below its 52-week high of 670.00 IDR and 35% above the low of 278.33 IDR (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 218.87 IDR is for.
Which stocks are comparable to Habco Trans Maritima?
From the same area (Industrials) we also value Adani Ports and Special Economic Zone Limited, COSCO SHIPPING Holdings, Hapag-Lloyd Aktiengesellschaft,, Shanghai International Port (Group) Co, 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 Habco Trans Maritima stock attractive at the current price?
The data as of Nov 6, 2026: price 376.00 IDR, calculated fair value 218.87 IDR (−42%), Quality Score 33/100, from 14 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 HATM calculated?
We run Habco Trans Maritima through 14 models from 5 families: Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 218.87 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. Habco Trans Maritima 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 Habco Trans Maritima (HATM)?
The closing price on Nov 9, 2026 was 376.00 IDR. Our model-based fair value is 218.87 IDR, about 42% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Habco Trans Maritima right now?
The price sits above even our optimistic bull case (273.59 IDR). The favourable scenario is already priced in. Weak quality (33/100) 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.
Key figures of Habco Trans Maritima
How large is the market capitalisation of Habco Trans Maritima (HATM)?
The market capitalisation of Habco Trans Maritima is 4.8T IDR (≈ $267M). 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 Habco Trans Maritima (HATM)?
The price-to-sales ratio of Habco Trans Maritima is 3.11 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Habco Trans Maritima (HATM)?
Earnings per share at Habco Trans Maritima are 4.26 IDR (price ÷ EPS = P/E 88.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Habco Trans Maritima (HATM)?
The net margin of Habco Trans Maritima is 4.0% (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 Habco Trans Maritima (HATM)?
The return on equity (ROE) of Habco Trans Maritima is 2.4% (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 Habco Trans Maritima (HATM)?
On an EBIT basis the return on assets of Habco Trans Maritima is 15.6% (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 Habco Trans Maritima (HATM)?
The operating margin of Habco Trans Maritima is 17.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Habco Trans Maritima (HATM)?
Revenue at Habco Trans Maritima is growing +6.2% versus a year earlier (3y avg +37.5%). 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 Habco Trans Maritima (HATM)?
Earnings per share at Habco Trans Maritima are growing −14.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Habco Trans Maritima (HATM) generate?
The free cash flow of Habco Trans Maritima is −229B 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 Habco Trans Maritima (HATM) carry?
The net debt of Habco Trans Maritima is 28.3B 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 6, 2026