Indospring Tbk (INDS) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Indospring Tbk stock IDR 252, price IDR 220, upside +14.7%, quality 45 out of 100. Rating: undervalued. 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
60‑month range 150.22 IDR – 2,813 IDR · fair‑value band 176.65 IDR – 328.06 IDR · the 220.00 IDR price screens below the 252.35 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 Indospring Tbk manufactures and sells spring products in Indonesia and internationally. The company offers leaf, coil, and valve springs, as well as stabilizer bars and motor vehicle brake components. It also provides agricultural equipment. The company exports its products.
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The company was founded in 1978 and is based in Gresik, Indonesia. PT Indospring Tbk operates as a subsidiary of PT Indoprima Gemilang.
Stock analysis
Indospring Tbk (INDS) currently trades at 220.00 IDR, while our model-based Fair Value estimate is 252.35 IDR, implying the stock looks roughly 13% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 247.55 IDR per share, and 6 of the 17 models we run sit above the 220.00 IDR price.
Bear case: the Dividend Discount group reads lowest at 46.98 IDR, and 11 of the 17 models stay below the price. Data coverage for this calculation is low.
Scenario range: 176.65 IDR (bear) to 328.06 IDR (bull), the price of 220.00 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 45/100 (below-average quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Indospring Tbk reported revenue of 3.3T IDR in FY2025 versus 2.6T IDR in FY2021, a compound +5.7%/yr. Reported net income was 77.2B IDR in FY2025, compounding −16.5%/yr from FY2021.
Key figures
Market cap 1.4T IDR (≈ $80.2M) Micro · P/E ratio 22.6 · P/S ratio 0.52 · EPS (TTM) 9.75 IDR · Dividend yield 2.3% · Net margin 1.8% · Return on equity 2.5% · Return on assets (EBIT) 5.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 29 out of 100 (low confidence).
What moves the price
The share trades about 92% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −23% fair-value upside, at 15%, INDS screens cheaper than that median.
Fair Value models
Bear176.65 IDRFair Value 252.35 IDRBull328.06 IDR
Price 220.00 IDR · Upside +14.7%
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 (4.07 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.
Best data coverage
Owner Earnings11.07 IDR14.02 IDR17.64 IDR75
Residual Income236.50 IDR255.85 IDR286.88 IDR74
EPV51.41 IDR55.51 IDR58.66 IDR73
All 17 models by family
DCF Models
Owner Earnings11.07 IDR14.02 IDR17.64 IDR75
Earnings-Based
Graham-Dodd80.03 IDR342.25 IDR467.52 IDR62
Lynch FV87.49 IDR124.99 IDR162.49 IDR59
PEG = 1.087.49 IDR124.99 IDR162.49 IDR55
EPV51.41 IDR55.51 IDR58.66 IDR73
Dividend Discount
Gordon GGM32.21 IDR46.68 IDR55.01 IDR67
DDM Multi-Stage32.21 IDR47.28 IDR50.67 IDR65
Multiples
P/E Multiple194.20 IDR258.93 IDR323.66 IDR63
P/S Multiple150.06 IDR200.08 IDR250.10 IDR57
P/B Multiple1,186 IDR1,581 IDR1,976 IDR55
EV/EBIT170.77 IDR236.17 IDR301.58 IDR65
EV/EBITDA262.61 IDR358.63 IDR454.65 IDR67
EV/Revenue106.82 IDR163.50 IDR220.19 IDR52
Asset-Based
NCAV (Graham)137.10 IDR207.73 IDR259.67 IDR54
Economic Profit
Residual Income236.50 IDR255.85 IDR286.88 IDR74
ROIC Compounder51.41 IDR55.51 IDR58.66 IDR69
Growth Earnings
Growth-Adj P/E150.90 IDR215.56 IDR280.23 IDR65
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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+4.4%
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.
−3.2%
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.
+15.2%
Start year 2020 (pandemic). Over 10 years: +7.1% a year
Revenue growth 25 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.
+13.3%
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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.
−37.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−40.2%
Dividend (yield on the price)2.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−40.2% vs −17.0%, slowing
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.5% → 4%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 15.2%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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.Auto Parts · 655 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside+14.7% · Above median
Profitability
Return on equity (12 months)2.5% · Bottom 25%
Return on assets2.2% · Below median
Net margin (12 months)2.3% · Below median
Operating margin (12 months)4.5% · Below median
Growth and dividend
Revenue growth (quarter YoY)25.4% · Top 25%
Dividend yield (12 months)2.3% · Above median
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Auto Parts 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). "Indospring Tbk Fair Value". https://www.fairvalue-calculator.com/stock/INDS
Frequently asked questions
Is Indospring Tbk (INDS) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 252.35 IDR versus a price of 220.00 IDR, about +15% upside (undervalued).
What is the fair value of INDS?
Our model-based fair value for Indospring Tbk is 252.35 IDR (as of Nov 7, 2026), built from audited fundamentals. The current price: 220.00 IDR.
What is the quality score of INDS?
Indospring 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 Indospring Tbk (INDS)?
Our model-based price target is the fair value of 252.35 IDR (as of Nov 7, 2026) from 17 valuation models. Cautious scenario 176.65 IDR, optimistic scenario 328.06 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Indospring Tbk stock forecast for 2026?
Our models put fair value at 252.35 IDR, about +15% upside versus a price of 220.00 IDR (undervalued). Cautious scenario 176.65 IDR, optimistic scenario 328.06 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Indospring Tbk (INDS)?
Indospring Tbk reported trailing-twelve-month revenue of about 3.6T IDR (latest available figure, as of Nov 7, 2026).
Does Indospring Tbk pay a dividend?
Indospring Tbk currently shows a dividend yield of 2.27% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Indospring Tbk (INDS) and when is the ex-dividend date?
Indospring Tbk pays a dividend of 5.00 IDR per share a year, a dividend yield of 2.3%. The last ex-dividend date was Jul 3, 2026. A dividend has been paid every year since 2017. The payout ratio is 51.3% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Indospring Tbk (INDS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Indospring Tbk it is 252.35 IDR per share (as of Nov 7, 2026), against a price of 220.00 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 Indospring Tbk stock overvalued or undervalued in 2026?
As of Nov 7, 2026, INDS trades below its calculated fair value: price 220.00 IDR, fair value 252.35 IDR, a gap of about +15% (undervalued). 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 INDS?
No. The price is what the market pays today (220.00 IDR); the fair value is what the company's own numbers justify (252.35 IDR). For Indospring Tbk the two are 32.35 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Indospring Tbk worth?
The market values Indospring Tbk at about 1.4T IDR (market capitalisation, as of Nov 7, 2026). Per share that is 220.00 IDR; our models calculate a fair value of 252.35 IDR per share.
What do the bullish and bearish scenarios say about INDS?
Our models span a range for Indospring Tbk: cautious scenario 176.65 IDR, base 252.35 IDR, optimistic 328.06 IDR per share (as of Nov 7, 2026, price 220.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of INDS?
Indospring Tbk trades at a price-to-earnings ratio of 22.6 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 252.35 IDR is built from several models across several years. Other multiples: P/B 0.4, P/S 0.5, EV/EBITDA 6.4.
How solid is the balance sheet of Indospring Tbk (INDS)?
Balance-sheet figures for Indospring Tbk (as of Nov 7, 2026): return on equity 2.5%, debt of 0.01 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is INDS from its 52-week high?
Indospring Tbk trades at 220.00 IDR, about 92% below its 52-week high of 2,813 IDR and 12% above the low of 196.00 IDR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 252.35 IDR is for.
Which stocks are comparable to Indospring Tbk?
From the same area (Consumer Cyclical) we also value O'Reilly Automotive, Inc, AutoZone, Inc, Hyundai Mobis Co, Fuyao Glass Industry Group, 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 Indospring Tbk stock attractive at the current price?
The data as of Nov 7, 2026: price 220.00 IDR, calculated fair value 252.35 IDR (+15%), Quality Score 45/100, 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 INDS calculated?
We run Indospring 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 252.35 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. Indospring Tbk currently trades 13% 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 Indospring Tbk (INDS)?
The closing price on Nov 6, 2026 was 220.00 IDR. Our model-based fair value is 252.35 IDR, about +15% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Indospring Tbk right now?
A fairly wide model range (176.65 IDR to 328.06 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.
Where does the earnings growth of Indospring Tbk (INDS) come from?
Earnings per share at Indospring Tbk grew −13.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share −13.0 %, EBIT margin −1.8 %, tax rate −1.0 %, residual (interest, one-offs) +2.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Indospring Tbk
How large is the market capitalisation of Indospring Tbk (INDS)?
The market capitalisation of Indospring Tbk is 1.4T IDR (≈ $80.2M). 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 Indospring Tbk (INDS)?
The price-to-sales ratio of Indospring Tbk is 0.52 (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 Indospring Tbk (INDS)?
Earnings per share at Indospring Tbk are 9.75 IDR (price ÷ EPS = P/E 22.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Indospring Tbk (INDS)?
The dividend yield of Indospring Tbk is 2.3% (payout 51.3%). 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 Indospring Tbk (INDS)?
The net margin of Indospring Tbk is 1.8% (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 Indospring Tbk (INDS)?
The return on equity (ROE) of Indospring 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 Indospring Tbk (INDS)?
On an EBIT basis the return on assets of Indospring Tbk is 5.4% (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 Indospring Tbk (INDS)?
The operating margin of Indospring Tbk is 4.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Indospring Tbk (INDS)?
Revenue at Indospring Tbk is growing +25.4% versus a year earlier (3y avg −3.2%). 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 Indospring Tbk (INDS)?
Earnings per share at Indospring Tbk are growing +63.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Indospring Tbk (INDS) generate?
The free cash flow of Indospring Tbk is −23.1B 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 Indospring Tbk (INDS) carry?
The net debt of Indospring Tbk is 215B 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