Dana Brata Luhur PT (TEBE) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Dana Brata Luhur PT stock IDR 1,917, price IDR 1,315, upside +45.8%, quality 76 out of 100. Rating: undervalued. Calculated from audited financials with 25 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
60‑month range 221.61 IDR – 4,078 IDR · fair‑value band 1,627 IDR – 2,253 IDR · the 1,315 IDR price screens below the 1,917 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 6, 2026.
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PT Dana Brata Luhur Tbk provides coal logistic services in Indonesia. It operates through Management Fee; Mining Support Facilities and Heavy Equipment Rental; Mining; and Supply and Services of Ships, Passengers and Goods segments.
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It engages in the provision of coal port services, such as hauling roads and private ports. It also operates a coal terminal located on the Barito River, as well as jetties. The company was founded in 2008 and is headquartered in Jakarta, Indonesia.
PT Dana Brata Luhur Tbk operates as a subsidiary of PT. Dua Samudera Perkasa.
Stock analysis
Dana Brata Luhur PT (TEBE) currently trades at 1,315 IDR, while our model-based Fair Value estimate is 1,917 IDR, implying the stock looks roughly 31% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 2,028 IDR per share, and 15 of the 25 models we run sit above the 1,315 IDR price.
Bear case: the Asset-Based group reads lowest at 480.50 IDR, and 10 of the 25 models stay below the price. Data coverage for this calculation is low.
Scenario range: 1,627 IDR (bear) to 2,253 IDR (bull), the price of 1,315 IDR sits below 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 76/100 (high quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Dana Brata Luhur PT reported revenue of 483B IDR in FY2025 versus 448B IDR in FY2021, a compound +1.9%/yr. Reported net income was 133B IDR in FY2025, compounding −5.2%/yr from FY2021.
Key figures
Market cap 1.7T IDR (≈ $94.1M) Micro · P/E ratio 13.5 · P/S ratio 3.46 · EPS (TTM) 97.37 IDR · Dividend yield 0.0% · Net margin 25.6% · Return on equity 11.7% · Return on assets (EBIT) 20.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 61 out of 100 (low confidence).
What moves the price
The share trades about 54% below its 52-week high and 66% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at 46%, TEBE screens cheaper than that median.
Fair Value models
Bear1,627 IDRFair Value 1,917 IDRBull2,253 IDR
Price 1,315 IDR · Upside +45.8%
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 (83.50 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.82/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
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.
+8.1%
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.
+8.3%
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.
+58.0%
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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.
+3.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+3.6%
Dividend (yield on the price)0.0%
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.3.6% vs 55.2%, 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% → 32%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less 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).
−8.8%
The company could shrink this much every year for the next five years and today's price would still be justified.
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 −11.1% 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.Infrastructure Operations · 61 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score76 · Top 25%
Fair Value upside+45.8% · Above median
Profitability
Return on equity (12 months)11.7% · Top 25%
Return on assets10.3% · Top 25%
Net margin (12 months)25.6% · Above median
Operating margin (12 months)7.5% · Below median
Growth and dividend
Revenue growth (quarter YoY)−7.8% · Bottom 25%
Dividend yield (12 months)0.0% · Bottom 25%
Valuation Multiplesvs Infrastructure Operations median · lower = cheaper
P/E (12 months)13.5× · Cheaper than median
P/B1.39× · Pricier than median
P/S (12 months)3.46× · Pricier than median
Price / free cash flow (fiscal year)8.5× · Cheaper than median
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). "Dana Brata Luhur PT Fair Value". https://www.fairvalue-calculator.com/stock/TEBE
Frequently asked questions
Is Dana Brata Luhur PT (TEBE) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 1,917 IDR versus a price of 1,315 IDR, about +46% upside (undervalued).
What is the fair value of TEBE?
Our model-based fair value for Dana Brata Luhur PT is 1,917 IDR (as of Nov 6, 2026), built from audited fundamentals. The current price: 1,315 IDR.
What is the quality score of TEBE?
Dana Brata Luhur PT has a Quality Score of 76/100. 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 Dana Brata Luhur PT (TEBE)?
Our model-based price target is the fair value of 1,917 IDR (as of Nov 6, 2026) from 25 valuation models. Cautious scenario 1,627 IDR, optimistic scenario 2,253 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Dana Brata Luhur PT stock forecast for 2026?
Our models put fair value at 1,917 IDR, about +46% upside versus a price of 1,315 IDR (undervalued). Cautious scenario 1,627 IDR, optimistic scenario 2,253 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Dana Brata Luhur PT (TEBE)?
Dana Brata Luhur PT reported trailing-twelve-month revenue of about 489B IDR (latest available figure, as of Nov 6, 2026).
Does Dana Brata Luhur PT pay a dividend?
Dana Brata Luhur PT currently shows a dividend yield of 0.04% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Dana Brata Luhur PT (TEBE)?
Dana Brata Luhur PT has a dividend yield of 0.0%.
What growth is priced into Dana Brata Luhur PT (TEBE)?
For today's price to be fair in a discounted-cash-flow model, Dana Brata Luhur PT would have to grow free cash flow by -8.8 % per year for five years (discount rate 13.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +19.5 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of TEBE use?
Our models discount Dana Brata Luhur PT at 13.5 %: a base by market capitalisation (micro), damped by beta 0.26, 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 Dana Brata Luhur PT that is -8.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.5 %) and the same formula as our fair value.
How much growth has Dana Brata Luhur PT (TEBE) delivered so far?
Over the past 5 years revenue at Dana Brata Luhur PT grew +19.5 % a year. The price currently implies free-cash-flow growth of -8.8 % 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 Dana Brata Luhur PT (TEBE) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Dana Brata Luhur PT (-8.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Dana Brata Luhur PT (TEBE)?
The free-cash-flow yield on the price is 11.85 %: that much free cash flow Dana Brata Luhur PT produces per unit of market value. When it exceeds the discount rate of our models (13.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Dana Brata Luhur PT (TEBE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Dana Brata Luhur PT it is 1,917 IDR per share (as of Nov 6, 2026), against a price of 1,315 IDR. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Dana Brata Luhur PT stock overvalued or undervalued in 2026?
As of Nov 6, 2026, TEBE trades below its calculated fair value: price 1,315 IDR, fair value 1,917 IDR, a gap of about +46% (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 TEBE?
No. The price is what the market pays today (1,315 IDR); the fair value is what the company's own numbers justify (1,917 IDR). For Dana Brata Luhur PT the two are 602.25 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Dana Brata Luhur PT worth?
The market values Dana Brata Luhur PT at about 1.7T IDR (market capitalisation, as of Nov 6, 2026). Per share that is 1,315 IDR; our models calculate a fair value of 1,917 IDR per share.
What do the bullish and bearish scenarios say about TEBE?
Our models span a range for Dana Brata Luhur PT: cautious scenario 1,627 IDR, base 1,917 IDR, optimistic 2,253 IDR per share (as of Nov 6, 2026, price 1,315 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TEBE?
Dana Brata Luhur PT trades at a price-to-earnings ratio of 13.5 (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 1,917 IDR is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2019 to 2025), reported earnings: 5.6. Other multiples: P/B 1.4, P/S 3.5, EV/EBITDA 5.0.
How solid is the balance sheet of Dana Brata Luhur PT (TEBE)?
Balance-sheet figures for Dana Brata Luhur PT (as of Nov 6, 2026): return on equity 11.7%. They feed the Quality Score of 76/100, which measures business quality independently of the share price.
How far is TEBE from its 52-week high?
Dana Brata Luhur PT trades at 1,315 IDR, about 54% below its 52-week high of 2,850 IDR and 66% above the low of 790.00 IDR (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 1,917 IDR is for.
Which stocks are comparable to Dana Brata Luhur PT?
From the same area (Industrials) we also value Transurban Group, China Merchants Expressway Network & Technology Holdings, Jiangsu Expressway Company, Shandong Hi-speed Company, 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 Dana Brata Luhur PT stock attractive at the current price?
The data as of Nov 6, 2026: price 1,315 IDR, calculated fair value 1,917 IDR (+46%), Quality Score 76/100, from 25 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 TEBE calculated?
We run Dana Brata Luhur PT through 25 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 1,917 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. Dana Brata Luhur PT currently trades 31% 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 Dana Brata Luhur PT (TEBE)?
The closing price on Nov 9, 2026 was 1,315 IDR. Our model-based fair value is 1,917 IDR, about +46% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Dana Brata Luhur PT right now?
The rarer combination: high quality (76/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (1,627 IDR). The market is more pessimistic than our downside scenario. 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 Dana Brata Luhur PT
How large is the market capitalisation of Dana Brata Luhur PT (TEBE)?
The market capitalisation of Dana Brata Luhur PT is 1.7T IDR (≈ $94.1M). 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 Dana Brata Luhur PT (TEBE)?
The price-to-sales ratio of Dana Brata Luhur PT is 3.46 (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 Dana Brata Luhur PT (TEBE)?
Earnings per share at Dana Brata Luhur PT are 97.37 IDR (price ÷ EPS = P/E 13.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Dana Brata Luhur PT (TEBE)?
The dividend yield of Dana Brata Luhur PT is 0.0% (payout 0.5%). 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 Dana Brata Luhur PT (TEBE)?
The net margin of Dana Brata Luhur PT is 25.6% (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 Dana Brata Luhur PT (TEBE)?
The return on equity (ROE) of Dana Brata Luhur PT is 11.7% (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 Dana Brata Luhur PT (TEBE)?
On an EBIT basis the return on assets of Dana Brata Luhur PT is 20.7% (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 Dana Brata Luhur PT (TEBE)?
The operating margin of Dana Brata Luhur PT is 7.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Dana Brata Luhur PT (TEBE)?
Revenue at Dana Brata Luhur PT is growing −7.8% versus a year earlier (3y avg −14.8%). 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 Dana Brata Luhur PT (TEBE)?
Earnings per share at Dana Brata Luhur PT are growing −69.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Dana Brata Luhur PT (TEBE) hold?
Dana Brata Luhur PT holds more cash than debt, 652B IDR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Nov 6, 2026