NFC Indonesia PT Tbk (NFCX) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of NFC Indonesia PT Tbk stock IDR 188, price IDR 1,800, that is 89.6% below the price, quality 53 out of 100. Rating: strongly overvalued. Calculated from audited financials with 15 of our 26 valuation models and 37 quality factors, updated daily.
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NFC Indonesia PT Tbk
NFCX · JKOur calculation puts a fair price 90% below what the stock costs today.
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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 1,035 IDR – 13,400 IDR · fair‑value band 140.65 IDR – 234.41 IDR · the 1,800 IDR price screens above the 187.53 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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Company profile
PT NFC Indonesia Tbk, together with its subsidiaries, engages in the provision of marketing platforms in Indonesia. It operates through Digital Product Aggregator, Digital Cloud Advertisement, Clean Energy Products and Services, Digital Wholesale, and Content and Entertainment segments.
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The company offers various digital products for SMEs, modern retail, and e-commerce through a B2B2C platform; digital cloud marketing ecosystem solution through hardware, content management system and managed service contract; and transportation products and infrastructure under the electric motorcycle Volta brand name.
It is also involved in the management of collection of superhero characters with intellectual property and digital activation platform. The company was founded in 2013 and is based in Jakarta, Indonesia. PT NFC Indonesia Tbk operates as a subsidiary of PT M Cash Integrasi Tbk.
Stock analysis
NFC Indonesia PT Tbk (NFCX) currently trades at 1,800 IDR, while our model-based Fair Value estimate is 187.53 IDR, 90% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 278.62 IDR per share, and 0 of the 14 models we run sit above the 1,800 IDR price.
Bear case: the Earnings-Based group reads lowest at 130.35 IDR, and 14 of the 14 models stay below the price. Data coverage for this calculation is low.
Scenario range: 140.65 IDR (bear) to 234.41 IDR (bull), the price of 1,800 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 53/100 (solid quality), in the Communication Services sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
NFC Indonesia PT Tbk reported revenue of 4.1T IDR in FY2025 versus 8.9T IDR in FY2021, a compound −17.7%/yr. Reported net income was 5.6B IDR in FY2025, compounding −56.8%/yr from FY2021.
Key figures
Market cap 1.2T IDR (≈ $66.2M) Micro · P/S ratio 0.35 · EPS (TTM) −18.51 IDR · Dividend yield 0.0% · Net margin −0.4% · Return on equity −4.5% · Return on assets (EBIT) 1.1% (5-year average) · Operating margin −2.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 20 out of 100 (low confidence).
What moves the price
The share trades about 8% below its 52-week high and 49% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 11% fair-value upside, at −90%, NFCX screens richer than that median.
Fair Value models
All 15 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
NFCX screens overvalued: fair value 90% below the price. Compare with Alphabet Inc →
Compare NFC Indonesia PT Tbk with another stock
Price, fair value, quality and upside side by side.
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.Internet Content & Information · 122 stocks
Valuation Multiplesvs Internet Content & Information median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Consumer Discretionary sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- EBIT margin by industry
- P/S ratio by industry
- PEG screener for stocks with fair value
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Internet Content & Information stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Kuaishou Technology 1024 | HK$28.92 | HK$86.76 | +200% | vs NFCX |
| Tencent Music Entertainment Group 1698 | HK$37.28 | HK$74.14 | +99% | vs NFCX |
| Tencent Holdings 0700 | HK$419.80 | HK$710.45 | +69% | vs NFCX |
| NAVER Corporation 035420 | 190,200 KRW | 314,922 KRW | +66% | vs NFCX |
| REA Group REA | A$173.54 | A$192.29 | +11% | vs NFCX |
| Alphabet Inc GOOG | $283.93 | $312.32 | +10% | vs NFCX |
| Meta Platforms, Inc META | $610.15 | $671.17 | +10% | vs NFCX |
| Reddit, Inc RDDT | $95.10 | $104.61 | +10% | vs NFCX |
| Spotify Technology S.A SPOT | $603.01 | $612.82 | +2% | vs NFCX |
| Baidu, Inc BIDU | $81.87 | $54.07 | −34% | vs NFCX |
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Frequently asked questions
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Key figures of NFC Indonesia PT Tbk
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