Triputra Agro Persada Tbk PT (TAPG) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Triputra Agro Persada Tbk PT stock IDR 2,025, price IDR 1,905, upside +6.3%, quality 86 out of 100. Rating: fairly valued. 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 9, 2026.
How to read this chart
60‑month range 300.31 IDR – 2,450 IDR · fair‑value band 1,125 IDR – 2,928 IDR · the 1,905 IDR price screens below the 2,025 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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PT Triputra Agro Persada Tbk engages in the oil palm plantations and palm oil processing businesses in Indonesia. It produces crude palm oil, palm kernel, slab, and ribbed smoked sheet products.
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The company is also involved in the rubber plantation; other management consulting; wholesale trading; construction; and mining activities. As of December 31, 2021, it operated approximately 85,086 hectares of total planted area of palm oil plantations.
The company was formerly known as PT. Alam Permata Indah and changed its name to PT Triputra Agro Persada Tbk in March 2005. PT Triputra Agro Persada Tbk was founded in 2005 and is headquartered in Jakarta Selatan, Indonesia.
Stock analysis
Triputra Agro Persada Tbk PT (TAPG) currently trades at 1,905 IDR, while our model-based Fair Value estimate is 2,025 IDR, so the stock looks roughly fairly valued today (gap 5.9%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 4,521 IDR per share, and 20 of the 26 models we run sit above the 1,905 IDR price.
Bear case: the Economic Profit group reads lowest at 1,547 IDR, and 6 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: 1,125 IDR (bear) to 2,928 IDR (bull), the price of 1,905 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 86/100 (high quality), in the Consumer Defensive sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Triputra Agro Persada Tbk PT reported revenue of 11.4T IDR in FY2025 versus 6.3T IDR in FY2021, a compound +16.1%/yr. Reported net income was 3.7T IDR in FY2025, compounding +33.7%/yr from FY2021.
Key figures
Market cap 37.7T IDR (≈ $2.1B) Mid · P/E ratio 9.3 · P/S ratio 3.21 · EPS (TTM) 203.78 IDR · Dividend yield 7.4% · Net margin 34.5% · Return on equity 36.0% · Return on assets (EBIT) 17.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 92 out of 100 (low confidence).
What moves the price
The share trades about 22% below its 52-week high and 56% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 10% fair-value upside, at 6%, TAPG screens richer than that median.
Fair Value models
Bear1,125 IDRFair Value 2,025 IDRBull2,928 IDR
Price 1,905 IDR · Upside +6.3%
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 (53.84 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
FCF DCF2,455 IDR4,177 IDR8,261 IDR76
Growth DCF2,370 IDR4,408 IDR7,347 IDR76
EPV1,238 IDR1,410 IDR1,554 IDR74
All 26 models by family
DCF Models
FCF DCF2,455 IDR4,177 IDR8,261 IDR76
Owner Earnings1,064 IDR2,019 IDR3,709 IDR73
5Y Revenue Exit1,254 IDR1,957 IDR2,885 IDR72
5Y EBITDA Exit2,194 IDR4,065 IDR6,535 IDR73
5Y P/E Exit2,695 IDR5,186 IDR8,238 IDR69
10Y Revenue Exit1,632 IDR2,476 IDR3,755 IDR66
10Y EBITDA Exit2,258 IDR3,993 IDR6,867 IDR66
10Y P/E Exit2,580 IDR4,801 IDR8,316 IDR61
Earnings-Based
Graham-Dodd1,268 IDR7,644 IDR10,656 IDR63
Lynch FV2,181 IDR3,116 IDR4,051 IDR61
PEG = 1.02,181 IDR3,116 IDR4,051 IDR57
EPV1,238 IDR1,410 IDR1,554 IDR74
Dividend Discount
Gordon GGM1,337 IDR2,487 IDR3,523 IDR67
DDM Multi-Stage1,337 IDR2,233 IDR2,648 IDR67
Multiples
P/E Multiple2,937 IDR3,916 IDR4,895 IDR63
P/S Multiple689.21 IDR918.95 IDR1,149 IDR58
P/B Multiple594.97 IDR793.29 IDR991.61 IDR55
EV/EBIT2,373 IDR3,155 IDR3,937 IDR66
EV/EBITDA2,169 IDR2,883 IDR3,597 IDR67
EV/Revenue630.87 IDR889.32 IDR1,148 IDR54
Asset-Based
NCAV (Graham)16.42 IDR24.87 IDR31.09 IDR54
Growth DCF
Growth DCF2,370 IDR4,408 IDR7,347 IDR76
Rev-Margin DCF1,254 IDR1,960 IDR2,951 IDR72
Economic Profit
Residual Income992.74 IDR1,182 IDR1,871 IDR74
ROIC Compounder1,441 IDR1,912 IDR2,509 IDR72
Growth Earnings
Growth-Adj P/E3,164 IDR4,521 IDR5,877 IDR67
The fair value above starts from this blend and is adjusted for a cyclical peak 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.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+17.9%
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.
+6.9%
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.
+16.7%
Start year 2020 (pandemic)
Revenue growth 8 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.
+14.9%
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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.
+38.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+31.2%
Dividend (yield on the price)7.4%
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.26% → 32%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
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).
−2.2%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+5.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (Indonesia: IMF forecast 2.6% a year to 2030, 2.9% from 2016 to 2025) that is about −4.7% a year for the price and +2.6% for the forecasts.
Compare Triputra Agro Persada Tbk PT with another stock
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.Farm Products · 291 stocks
Beats the industry median on 13/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score86 · Top 25%
Fair Value upside+6.0% · Above median
Profitability
Return on equity (12 months)36.0% · Top 25%
Return on assets25.2% · Top 25%
Net margin (12 months)34.5% · Top 25%
Operating margin (12 months)37.4% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)16.5% · Top 25%
Dividend yield (12 months)7.4% · Top 25%
Balance sheet
Debt / equity0.07× · Below median
Valuation Multiplesvs Farm Products median · lower = cheaper
P/E (12 months)9.3× · Cheaper than median
P/B3.37× · Priciest 25%
P/S (12 months)3.21× · Priciest 25%
Price / free cash flow (fiscal year)9.9× · Cheaper than median
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Is Triputra Agro Persada Tbk PT (TAPG) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 2,025 IDR versus a price of 1,905 IDR, about +6% upside (fairly valued).
What is the fair value of TAPG?
Our model-based fair value for Triputra Agro Persada Tbk PT is 2,025 IDR (as of Nov 9, 2026), built from audited fundamentals. The current price: 1,905 IDR.
What is the quality score of TAPG?
Triputra Agro Persada Tbk PT has a Quality Score of 86/100. 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 Triputra Agro Persada Tbk PT (TAPG)?
Our model-based price target is the fair value of 2,025 IDR (as of Nov 9, 2026) from 26 valuation models. Cautious scenario 1,125 IDR, optimistic scenario 2,928 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Triputra Agro Persada Tbk PT stock forecast for 2026?
Our models put fair value at 2,025 IDR, about +6% upside versus a price of 1,905 IDR (fairly valued). Cautious scenario 1,125 IDR, optimistic scenario 2,928 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Triputra Agro Persada Tbk PT (TAPG)?
Triputra Agro Persada Tbk PT reported trailing-twelve-month revenue of about 11.8T IDR (latest available figure, as of Nov 9, 2026).
Does Triputra Agro Persada Tbk PT pay a dividend?
Triputra Agro Persada Tbk PT currently shows a dividend yield of 7.40% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Triputra Agro Persada Tbk PT (TAPG) and when is the ex-dividend date?
Triputra Agro Persada Tbk PT pays a dividend of 141.00 IDR per share a year, a dividend yield of 7.4%. The last ex-dividend date was Aug 12, 2026. A dividend has been paid every year since at least 2021. The payout ratio is 69.2% of earnings. Free cash flow covers the dividend 1.36 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Triputra Agro Persada Tbk PT (TAPG)?
For today's price to be fair in a discounted-cash-flow model, Triputra Agro Persada Tbk PT would have to grow free cash flow by -2.2 % 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 +16.7 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of TAPG use?
Our models discount Triputra Agro Persada Tbk PT at 10.5 %: a base by market capitalisation (mid), damped by beta 0.12, 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 Triputra Agro Persada Tbk PT that is -2.2 % 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 Triputra Agro Persada Tbk PT (TAPG) delivered so far?
Over the past 5 years revenue at Triputra Agro Persada Tbk PT grew +16.7 % a year. The price currently implies free-cash-flow growth of -2.2 % 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 Triputra Agro Persada Tbk PT (TAPG) growing?
The median revenue growth in the sector is +3.6 % a year. That is the yardstick for the growth priced into Triputra Agro Persada Tbk PT (-2.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Triputra Agro Persada Tbk PT (TAPG)?
The free-cash-flow yield on the price is 10.10 %: that much free cash flow Triputra Agro Persada Tbk PT 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 Triputra Agro Persada Tbk PT (TAPG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Triputra Agro Persada Tbk PT it is 2,025 IDR per share (as of Nov 9, 2026), against a price of 1,905 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 Triputra Agro Persada Tbk PT stock overvalued or undervalued in 2026?
As of Nov 9, 2026, TAPG trades below its calculated fair value: price 1,905 IDR, fair value 2,025 IDR, a gap of about +6% (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 TAPG?
No. The price is what the market pays today (1,905 IDR); the fair value is what the company's own numbers justify (2,025 IDR). For Triputra Agro Persada Tbk PT the two are 119.89 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Triputra Agro Persada Tbk PT worth?
The market values Triputra Agro Persada Tbk PT at about 37.7T IDR (market capitalisation, as of Nov 9, 2026). Per share that is 1,905 IDR; our models calculate a fair value of 2,025 IDR per share.
What do the bullish and bearish scenarios say about TAPG?
Our models span a range for Triputra Agro Persada Tbk PT: cautious scenario 1,125 IDR, base 2,025 IDR, optimistic 2,928 IDR per share (as of Nov 9, 2026, price 1,905 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TAPG?
Triputra Agro Persada Tbk PT trades at a price-to-earnings ratio of 9.3 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 2,025 IDR is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2021 to 2025), reported earnings, FY2025 ex one-offs: 6.7. Other multiples: PEG 0.7, P/B 3.4, P/S 3.2, EV/EBITDA 7.8.
What is the PEG ratio of TAPG?
The PEG ratio of Triputra Agro Persada Tbk PT is 0.72 (P/E divided by earnings growth, as of Nov 9, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Triputra Agro Persada Tbk PT (TAPG)?
Balance-sheet figures for Triputra Agro Persada Tbk PT (as of Nov 9, 2026): return on equity 36.0%, debt of 0.07 per unit of equity. They feed the Quality Score of 86/100, which measures business quality independently of the share price.
How far is TAPG from its 52-week high?
Triputra Agro Persada Tbk PT trades at 1,905 IDR, about 22% below its 52-week high of 2,450 IDR and 56% above the low of 1,218 IDR (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 2,025 IDR is for.
Which stocks are comparable to Triputra Agro Persada Tbk PT?
From the same area (Consumer Defensive) we also value Muyuan Foods Group, Archer-Daniels-Midland Company, Tyson Foods, Inc, Bunge Global SA, 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 Triputra Agro Persada Tbk PT stock attractive at the current price?
The data as of Nov 9, 2026: price 1,905 IDR, calculated fair value 2,025 IDR (+6%), Quality Score 86/100, 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 TAPG calculated?
We run Triputra Agro Persada Tbk PT 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 2,025 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. Triputra Agro Persada Tbk PT currently trades 6% 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 Triputra Agro Persada Tbk PT (TAPG)?
The closing price on Nov 9, 2026 was 1,905 IDR. Our model-based fair value is 2,025 IDR, about +6% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Triputra Agro Persada Tbk PT right now?
The model range is unusually wide (1,125 IDR to 2,928 IDR). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Triputra Agro Persada Tbk PT
How large is the market capitalisation of Triputra Agro Persada Tbk PT (TAPG)?
The market capitalisation of Triputra Agro Persada Tbk PT is 37.7T IDR (≈ $2.1B). 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 Triputra Agro Persada Tbk PT (TAPG)?
The price-to-sales ratio of Triputra Agro Persada Tbk PT is 3.21 (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 Triputra Agro Persada Tbk PT (TAPG)?
Earnings per share at Triputra Agro Persada Tbk PT are 203.78 IDR (price ÷ EPS = P/E 9.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Triputra Agro Persada Tbk PT (TAPG)?
The dividend yield of Triputra Agro Persada Tbk PT is 7.4% (payout 69.2%). 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 Triputra Agro Persada Tbk PT (TAPG)?
The net margin of Triputra Agro Persada Tbk PT is 34.5% (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 Triputra Agro Persada Tbk PT (TAPG)?
The return on equity (ROE) of Triputra Agro Persada Tbk PT is 36.0% (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 Triputra Agro Persada Tbk PT (TAPG)?
On an EBIT basis the return on assets of Triputra Agro Persada Tbk PT is 17.4% (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 Triputra Agro Persada Tbk PT (TAPG)?
The operating margin of Triputra Agro Persada Tbk PT is 37.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Triputra Agro Persada Tbk PT (TAPG)?
Revenue at Triputra Agro Persada Tbk PT is growing +16.5% versus a year earlier (3y avg +6.9%). 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 Triputra Agro Persada Tbk PT (TAPG)?
Earnings per share at Triputra Agro Persada Tbk PT are growing +46.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Triputra Agro Persada Tbk PT (TAPG) hold?
Triputra Agro Persada Tbk PT holds more cash than debt, 552B IDR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 9, 2026