Trust Finance Indonesia Tbk (TRUS) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Trust Finance Indonesia Tbk stock IDR 357, price IDR 370, that is 3.4% below the price, quality 70 out of 100. Rating: fairly valued. Calculated from audited financials with 11 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 3, 2026.
How to read this chart
60‑month range 212.60 IDR – 1,363 IDR · fair‑value band 357.48 IDR – 397.13 IDR · the 370.00 IDR price screens above the 357.48 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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PT Trust Finance Indonesia Tbk provides financing services in Indonesia. The company offers finances to passenger and commercial vehicles, as well as heavy equipment, including excavators, bulldozers, and others. It provides services through agents and distributors.
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The company was formerly known as PT KIA Asia Finance and changed its name to PT Trust Finance Indonesia Tbk in February 2002. PT Trust Finance Indonesia Tbk was founded in 1990 and is headquartered in Jakarta, Indonesia.
Stock analysis
Trust Finance Indonesia Tbk (TRUS) currently trades at 370.00 IDR, while our model-based Fair Value estimate is 357.48 IDR, so the stock looks roughly fairly valued today (gap 3.5%).
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Valuation
Bull case: the Growth DCF group reads highest at a median of 1,070 IDR per share, and 5 of the 11 models we run sit above the 370.00 IDR price.
Bear case: the Dividend Discount group reads lowest at 140.09 IDR, and 6 of the 11 models stay below the price. Data coverage for this calculation is low.
Scenario range: 357.48 IDR (bear) to 397.13 IDR (bull), the price of 370.00 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 70/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Trust Finance Indonesia Tbk reported revenue of 46.2B IDR in FY2025 versus 47.1B IDR in FY2021, a compound −0.5%/yr. Reported net income was 19.3B IDR in FY2025, compounding −5.2%/yr from FY2021.
Key figures
Market cap 302B IDR (≈ $16.8M) Micro · P/E ratio 13.7 · P/S ratio 5.76 · EPS (TTM) 26.92 IDR · Dividend yield 3.6% · Net margin 41.9% · Return on equity 4.0% · Return on assets (EBIT) 7.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 66 out of 100 (low confidence).
What moves the price
The share trades about 39% below its 52-week high and 74% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −3% fair-value upside, at −3%, TRUS screens richer than that median.
Fair Value models
Bear357.48 IDRFair Value 357.48 IDRBull397.13 IDR
Price 370.00 IDR · Downside -3.4%
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 (23.08 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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
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.
−2.4%
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.
−1.3%
Start year 2020 (pandemic). Over 10 years: +3.0% a year
Revenue growth 24 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.
+6.1%
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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.
+4.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+1.3%
Dividend (yield on the price)3.6%
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.1.3% vs 6.7%, 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.48% → 52%
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).
−29.4%
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 −31.2% a year for the price.
Compare Trust Finance Indonesia Tbk 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.Credit Services · 283 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside−3.4% · Below median
Profitability
Return on equity (12 months)4.0% · Bottom 25%
Return on assets4.5% · Above median
Net margin (12 months)40.0% · Above median
Operating margin (12 months)42.9% · Above median
Growth and dividend
Revenue growth (quarter YoY)−11.5% · Bottom 25%
Dividend yield (12 months)3.6% · Above median
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Credit Services median · lower = cheaper
P/E (12 months)13.7× · Pricier than median
P/B0.73× · Cheaper than median
P/S (12 months)7.51× · Priciest 25%
Price / free cash flow (fiscal year)4.5× · 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). "Trust Finance Indonesia Tbk Fair Value". https://www.fairvalue-calculator.com/stock/TRUS
Frequently asked questions
Is Trust Finance Indonesia Tbk (TRUS) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 357.48 IDR versus a price of 370.00 IDR, about 3% lower (fairly valued).
What is the fair value of TRUS?
Our model-based fair value for Trust Finance Indonesia Tbk is 357.48 IDR (as of Nov 3, 2026), built from audited fundamentals. The current price: 370.00 IDR.
What is the quality score of TRUS?
Trust Finance Indonesia Tbk has a Quality Score of 70/100. 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 Trust Finance Indonesia Tbk (TRUS)?
Our model-based price target is the fair value of 357.48 IDR (as of Nov 3, 2026) from 11 valuation models. Cautious scenario 357.48 IDR, optimistic scenario 397.13 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Trust Finance Indonesia Tbk stock forecast for 2026?
Our models put fair value at 357.48 IDR, about 3% lower versus a price of 370.00 IDR (fairly valued). Cautious scenario 357.48 IDR, optimistic scenario 397.13 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Trust Finance Indonesia Tbk (TRUS)?
Trust Finance Indonesia Tbk reported trailing-twelve-month revenue of about 40.2B IDR (latest available figure, as of Nov 3, 2026).
Does Trust Finance Indonesia Tbk pay a dividend?
Trust Finance Indonesia Tbk currently shows a dividend yield of 3.61% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of Trust Finance Indonesia Tbk (TRUS)?
Trust Finance Indonesia Tbk has a dividend yield of 3.6%.
What growth is priced into Trust Finance Indonesia Tbk (TRUS)?
For today's price to be fair in a discounted-cash-flow model, Trust Finance Indonesia Tbk would have to grow free cash flow by -29.4 % per year for five years (discount rate 12.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -1.3 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of TRUS use?
Our models discount Trust Finance Indonesia Tbk at 12.0 %: a base by market capitalisation (nano), 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 Trust Finance Indonesia Tbk that is -29.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.0 %) and the same formula as our fair value.
How much growth has Trust Finance Indonesia Tbk (TRUS) delivered so far?
Over the past 5 years revenue at Trust Finance Indonesia Tbk grew -1.3 % a year. The price currently implies free-cash-flow growth of -29.4 % 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 Trust Finance Indonesia Tbk (TRUS) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into Trust Finance Indonesia Tbk (-29.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Trust Finance Indonesia Tbk (TRUS)?
The free-cash-flow yield on the price is 22.57 %: that much free cash flow Trust Finance Indonesia Tbk produces per unit of market value. When it exceeds the discount rate of our models (12.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Trust Finance Indonesia Tbk (TRUS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Trust Finance Indonesia Tbk it is 357.48 IDR per share (as of Nov 3, 2026), against a price of 370.00 IDR. It is the blended result of 11 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Trust Finance Indonesia Tbk stock overvalued or undervalued in 2026?
As of Nov 3, 2026, TRUS trades above its calculated fair value: price 370.00 IDR, fair value 357.48 IDR, a gap of about −3% (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 TRUS?
No. The price is what the market pays today (370.00 IDR); the fair value is what the company's own numbers justify (357.48 IDR). For Trust Finance Indonesia Tbk the two are 12.52 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Trust Finance Indonesia Tbk worth?
The market values Trust Finance Indonesia Tbk at about 302B IDR (market capitalisation, as of Nov 3, 2026). Per share that is 370.00 IDR; our models calculate a fair value of 357.48 IDR per share.
What do the bullish and bearish scenarios say about TRUS?
Our models span a range for Trust Finance Indonesia Tbk: cautious scenario 357.48 IDR, base 357.48 IDR, optimistic 397.13 IDR per share (as of Nov 3, 2026, price 370.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TRUS?
Trust Finance Indonesia Tbk trades at a price-to-earnings ratio of 13.7 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 357.48 IDR is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 12.3. Other multiples: P/B 0.7, P/S 7.5, EV/EBITDA 4.6.
How solid is the balance sheet of Trust Finance Indonesia Tbk (TRUS)?
Balance-sheet figures for Trust Finance Indonesia Tbk (as of Nov 3, 2026): return on equity 4.0%, debt of 0.01 per unit of equity. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is TRUS from its 52-week high?
Trust Finance Indonesia Tbk trades at 370.00 IDR, about 39% below its 52-week high of 605.00 IDR and 74% above the low of 212.60 IDR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 357.48 IDR is for.
Which stocks are comparable to Trust Finance Indonesia Tbk?
From the same area (Financial Services) we also value Visa Inc, Mastercard Incorporated, American Express Company, Capital One Financial Corporation, 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 Trust Finance Indonesia Tbk stock attractive at the current price?
The data as of Nov 3, 2026: price 370.00 IDR, calculated fair value 357.48 IDR (−3%), Quality Score 70/100, from 11 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 TRUS calculated?
We run Trust Finance Indonesia Tbk through 11 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 357.48 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. Trust Finance Indonesia Tbk 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 Trust Finance Indonesia Tbk (TRUS)?
The closing price on Nov 6, 2026 was 370.00 IDR. Our model-based fair value is 357.48 IDR, about 3% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Trust Finance Indonesia Tbk right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The models converge in a tight band (357.48 IDR to 397.13 IDR), unusually little disagreement for a valuation. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Trust Finance Indonesia Tbk (TRUS) come from?
Earnings per share at Trust Finance Indonesia Tbk grew +9.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +4.8 %, EBIT margin +9.0 %, tax rate +3.4 %, residual (interest, one-offs) −7.4 %. 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 Trust Finance Indonesia Tbk
How large is the market capitalisation of Trust Finance Indonesia Tbk (TRUS)?
The market capitalisation of Trust Finance Indonesia Tbk is 302B IDR (≈ $16.8M). 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 Trust Finance Indonesia Tbk (TRUS)?
The price-to-sales ratio of Trust Finance Indonesia Tbk is 5.76 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Trust Finance Indonesia Tbk (TRUS)?
Earnings per share at Trust Finance Indonesia Tbk are 26.92 IDR (price ÷ EPS = P/E 13.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Trust Finance Indonesia Tbk (TRUS)?
The dividend yield of Trust Finance Indonesia Tbk is 3.6% (payout 49.6%). 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 Trust Finance Indonesia Tbk (TRUS)?
The net margin of Trust Finance Indonesia Tbk is 41.9% (fiscal year 2025). 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 Trust Finance Indonesia Tbk (TRUS)?
The return on equity (ROE) of Trust Finance Indonesia Tbk is 4.0% (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 Trust Finance Indonesia Tbk (TRUS)?
On an EBIT basis the return on assets of Trust Finance Indonesia Tbk is 7.9% (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 Trust Finance Indonesia Tbk (TRUS)?
The operating margin of Trust Finance Indonesia Tbk is 42.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Trust Finance Indonesia Tbk (TRUS)?
Revenue at Trust Finance Indonesia Tbk is growing −11.5% versus a year earlier (3y avg −2.4%). 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 Trust Finance Indonesia Tbk (TRUS)?
Earnings per share at Trust Finance Indonesia Tbk are growing −2.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Trust Finance Indonesia Tbk (TRUS) hold?
Trust Finance Indonesia Tbk holds more cash than debt, 184B IDR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 3, 2026