Unggul Indah Cahaya Tbk (UNIC) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Unggul Indah Cahaya Tbk stock IDR 21,437, price IDR 14,000, upside +53.1%, quality 83 out of 100. Rating: strongly undervalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
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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 6,384 IDR – 15,349 IDR · fair‑value band 16,410 IDR – 26,042 IDR · the 14,000 IDR price screens below the 21,437 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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PT Unggul Indah Cahaya Tbk engages in the manufacture and sale of alkylbenzene chemicals in Indonesia and internationally. It operates in two segments, Chemicals and Real Estate.
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The company offers linear alkylbenzene, as well as heavy and light alkylate for use as raw materials to produce detergents.
It also manufactures and distributes active detergents of linear alkylbenzene sulfonic acid and sodium lauryl ether sulfate, sodium tripolyphosphate, phosphoric acid, and phosphates and surfactants. In addition, the company is involved in the development of real estate properties.
It also operates in the United States, Australia, Singapore, Vietnam, New Zealand, and Japan. PT Unggul Indah Cahaya Tbk was founded in 1983 and is headquartered in Jakarta Selatan, Indonesia.
Stock analysis
Unggul Indah Cahaya Tbk (UNIC) currently trades at 14,000 IDR, while our model-based Fair Value estimate is 21,437 IDR, implying the stock looks roughly 35% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 35,791 IDR per share, and 20 of the 24 models we run sit above the 14,000 IDR price.
Bear case: the Dividend Discount group reads lowest at 5,664 IDR, and 4 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: 16,410 IDR (bear) to 26,042 IDR (bull), the price of 14,000 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 83/100 (high quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Unggul Indah Cahaya Tbk reported revenue of $394M in FY2025 versus $371M in FY2021, a compound +1.5%/yr. Reported net income was $36.5M in FY2025, compounding −11.0%/yr from FY2021.
Key figures
Market cap 5.4T IDR (≈ $297M) Micro · P/E ratio 5.7 · P/S ratio 0.53 · EPS (TTM) 2,471 IDR · Dividend yield 0.0% · Net margin 9.3% · Return on equity 18.0% · Return on assets (EBIT) 13.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 68 out of 100 (low confidence).
What moves the price
The share trades about 9% below its 52-week high and 57% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −17% fair-value upside, at 53%, UNIC screens cheaper than that median.
Fair Value models
Bear16,410 IDRFair Value 21,437 IDRBull26,042 IDR
Price 14,000 IDR · Upside +53.1%
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 (2,099 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 DCF32,568 IDR37,932 IDR45,904 IDR82
Growth DCF32,931 IDR37,934 IDR44,879 IDR80
Owner Earnings19,656 IDR22,180 IDR25,932 IDR78
All 24 models by family
DCF Models
FCF DCF32,568 IDR37,932 IDR45,904 IDR82
Owner Earnings19,656 IDR22,180 IDR25,932 IDR78
5Y Revenue Exit28,470 IDR35,205 IDR44,486 IDR74
5Y EBITDA Exit26,925 IDR32,563 IDR39,642 IDR77
5Y P/E Exit29,759 IDR37,411 IDR46,086 IDR72
10Y Revenue Exit29,975 IDR35,440 IDR41,484 IDR68
10Y EBITDA Exit29,523 IDR34,005 IDR38,819 IDR70
10Y P/E Exit30,956 IDR36,638 IDR42,364 IDR65
Earnings-Based
Graham-Dodd11,695 IDR21,189 IDR26,165 IDR66
EPV18,208 IDR19,326 IDR20,220 IDR74
Dividend Discount
Gordon GGM4,681 IDR5,664 IDR6,513 IDR69
DDM Multi-Stage4,681 IDR5,791 IDR6,856 IDR67
Multiples
P/E Multiple21,929 IDR29,238 IDR36,548 IDR63
P/S Multiple20,880 IDR27,840 IDR34,800 IDR58
P/B Multiple11,057 IDR14,743 IDR18,429 IDR55
EV/EBIT28,393 IDR35,225 IDR42,057 IDR66
EV/EBITDA23,459 IDR28,646 IDR33,833 IDR67
EV/Revenue25,660 IDR33,273 IDR40,886 IDR54
Asset-Based
NCAV (Graham)7,697 IDR11,663 IDR14,578 IDR54
Growth DCF
Growth DCF32,931 IDR37,934 IDR44,879 IDR80
Rev-Margin DCF28,470 IDR35,791 IDR44,745 IDR74
Economic Profit
Residual Income12,031 IDR13,103 IDR14,760 IDR76
ROIC Compounder18,339 IDR19,655 IDR20,836 IDR72
Growth Earnings
Growth-Adj P/E15,655 IDR22,364 IDR29,073 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.76/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+14.4%
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.
−1.5%
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.
+3.9%
Start year 2020 (pandemic). Over 10 years: +3.3% 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.
+3.5%
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’25
What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
−7.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−7.0%
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.5.7% vs 11.0%, 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.12% → 11%
2025 sits 63% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 1.5%/yr over ~10Y (margins intact) ⓘ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.
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).
−32.3%
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 (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −33.9% a year for the price.
Compare Unggul Indah Cahaya 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.Chemicals · 340 stocks
Beats the industry median on 11/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score83 · Top 25%
Fair Value upside+53.1% · Top 25%
Profitability
Return on equity (12 months)18.0% · Top 25%
Return on assets10.0% · Top 25%
Net margin (12 months)13.5% · Top 25%
Operating margin (12 months)24.8% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)7.3% · Below median
Dividend yield (12 months)0.0% · Bottom 25%
Valuation Multiplesvs Chemicals 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). "Unggul Indah Cahaya Tbk Fair Value". https://www.fairvalue-calculator.com/stock/UNIC
Frequently asked questions
Is Unggul Indah Cahaya Tbk (UNIC) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 21,437 IDR versus a price of 14,000 IDR, about +53% upside (undervalued).
What is the fair value of UNIC?
Our model-based fair value for Unggul Indah Cahaya Tbk is 21,437 IDR (as of Nov 6, 2026), built from audited fundamentals. The current price: 14,000 IDR.
What is the quality score of UNIC?
Unggul Indah Cahaya Tbk has a Quality Score of 83/100. 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 Unggul Indah Cahaya Tbk (UNIC)?
Our model-based price target is the fair value of 21,437 IDR (as of Nov 6, 2026) from 24 valuation models. Cautious scenario 16,410 IDR, optimistic scenario 26,042 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Unggul Indah Cahaya Tbk stock forecast for 2026?
Our models put fair value at 21,437 IDR, about +53% upside versus a price of 14,000 IDR (undervalued). Cautious scenario 16,410 IDR, optimistic scenario 26,042 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Unggul Indah Cahaya Tbk (UNIC)?
Unggul Indah Cahaya Tbk reported trailing-twelve-month revenue of about $417M (latest available figure, as of Nov 6, 2026).
Does Unggul Indah Cahaya Tbk pay a dividend?
Unggul Indah Cahaya Tbk currently shows a dividend yield of 0.00% relative to its recent price (as of Nov 6, 2026).
What growth is priced into Unggul Indah Cahaya Tbk (UNIC)?
For today's price to be fair in a discounted-cash-flow model, Unggul Indah Cahaya Tbk would have to grow free cash flow by -32.3 % 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 +3.9 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of UNIC use?
Our models discount Unggul Indah Cahaya Tbk at 13.5 %: a base by market capitalisation (micro), damped by beta 0.13, 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 Unggul Indah Cahaya Tbk that is -32.3 % per year a year over ten years, using the same discount rate (13.5 %) and the same formula as our fair value.
How much growth has Unggul Indah Cahaya Tbk (UNIC) delivered so far?
Over the past 5 years revenue at Unggul Indah Cahaya Tbk grew +3.9 % a year. The price currently implies -32.3 % per year free-cash-flow growth a 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 Unggul Indah Cahaya Tbk (UNIC) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Unggul Indah Cahaya Tbk (-32.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Unggul Indah Cahaya Tbk (UNIC)?
The free-cash-flow yield on the price is 24.67 %: that much free cash flow Unggul Indah Cahaya Tbk 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 Unggul Indah Cahaya Tbk (UNIC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Unggul Indah Cahaya Tbk it is 21,437 IDR per share (as of Nov 6, 2026), against a price of 14,000 IDR. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Unggul Indah Cahaya Tbk stock overvalued or undervalued in 2026?
As of Nov 6, 2026, UNIC trades below its calculated fair value: price 14,000 IDR, fair value 21,437 IDR, a gap of about +53% (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 UNIC?
No. The price is what the market pays today (14,000 IDR); the fair value is what the company's own numbers justify (21,437 IDR). For Unggul Indah Cahaya Tbk the two are 7,437 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Unggul Indah Cahaya Tbk worth?
The market values Unggul Indah Cahaya Tbk at about 5.4T IDR (market capitalisation, as of Nov 6, 2026). Per share that is 14,000 IDR; our models calculate a fair value of 21,437 IDR per share.
What do the bullish and bearish scenarios say about UNIC?
Our models span a range for Unggul Indah Cahaya Tbk: cautious scenario 16,410 IDR, base 21,437 IDR, optimistic 26,042 IDR per share (as of Nov 6, 2026, price 14,000 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of UNIC?
Unggul Indah Cahaya Tbk trades at a price-to-earnings ratio of 5.7 (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 21,437 IDR is built from several models across several years. Other multiples: P/B 1.0, P/S 0.7, EV/EBITDA 1.7.
How solid is the balance sheet of Unggul Indah Cahaya Tbk (UNIC)?
Balance-sheet figures for Unggul Indah Cahaya Tbk (as of Nov 6, 2026): return on equity 18.0%. They feed the Quality Score of 83/100, which measures business quality independently of the share price.
How far is UNIC from its 52-week high?
Unggul Indah Cahaya Tbk trades at 14,000 IDR, about 9% below its 52-week high of 15,349 IDR and 57% above the low of 8,924 IDR (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of 21,437 IDR is for.
Which stocks are comparable to Unggul Indah Cahaya Tbk?
From the same area (Basic Materials) we also value BASF SE, Dow Inc, Ningxia Baofeng Energy Group, Zangge Mining 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 Unggul Indah Cahaya Tbk stock attractive at the current price?
The data as of Nov 6, 2026: price 14,000 IDR, calculated fair value 21,437 IDR (+53%), Quality Score 83/100, from 24 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 UNIC calculated?
We run Unggul Indah Cahaya Tbk through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 21,437 IDR, 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 15.5% above its aggregate fair value. Unggul Indah Cahaya Tbk currently trades 35% 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 Unggul Indah Cahaya Tbk (UNIC)?
The closing price on Nov 5, 2026 was 14,000 IDR. Our model-based fair value is 21,437 IDR, about +53% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Unggul Indah Cahaya Tbk right now?
The rarer combination: high quality (83/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (16,410 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 Unggul Indah Cahaya Tbk
How large is the market capitalisation of Unggul Indah Cahaya Tbk (UNIC)?
The market capitalisation of Unggul Indah Cahaya Tbk is 5.4T IDR (≈ $297M). 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 Unggul Indah Cahaya Tbk (UNIC)?
The price-to-sales ratio of Unggul Indah Cahaya Tbk is 0.53 (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 Unggul Indah Cahaya Tbk (UNIC)?
Earnings per share at Unggul Indah Cahaya Tbk are 2,471 IDR (price ÷ EPS = P/E 5.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Unggul Indah Cahaya Tbk (UNIC)?
The dividend yield of Unggul Indah Cahaya Tbk is 0.0% (payout 0.0%). 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 Unggul Indah Cahaya Tbk (UNIC)?
The net margin of Unggul Indah Cahaya Tbk is 9.3% (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 Unggul Indah Cahaya Tbk (UNIC)?
The return on equity (ROE) of Unggul Indah Cahaya Tbk is 18.0% (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 Unggul Indah Cahaya Tbk (UNIC)?
On an EBIT basis the return on assets of Unggul Indah Cahaya Tbk is 13.2% (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 Unggul Indah Cahaya Tbk (UNIC)?
The operating margin of Unggul Indah Cahaya Tbk is 24.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Unggul Indah Cahaya Tbk (UNIC)?
Revenue at Unggul Indah Cahaya Tbk is growing +7.3% versus a year earlier (3y avg −1.5%). 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 Unggul Indah Cahaya Tbk (UNIC)?
Earnings per share at Unggul Indah Cahaya Tbk are growing +223% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Unggul Indah Cahaya Tbk (UNIC) hold?
Unggul Indah Cahaya Tbk holds more cash than debt, $168M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 6, 2026