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Vastland Indonesia (VAST) fair value: what the stock is really worth

As of Nov 9, 2026: fair value (intrinsic value) of Vastland Indonesia stock IDR 117, price IDR 99, upside +18.0%, quality 57 out of 100. Rating: undervalued. Calculated from audited financials with 19 of our 26 valuation models and 37 quality factors, updated daily.

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Real Estate ID

VI Vastland Indonesia logo Thin data Nov 3, 2026

Vastland Indonesia

VAST · JK
Undervalued, but in a downtrend

The stock costs 15% less than our calculation considers fair.

Fair value 116.78 IDR · Undervalued
Highly profitable · 43.4% net margin (TTM)
Low debt
Ranks above peers (8/11)
Quality 57/100
Mixed Growth (revenue 3y +18.6 %/yr in IDR)
Wide moat 65/100 · thin data
Thin data
⚠ Small free float
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

234.00 IDR 56.00 IDR Fair Value 116.78 IDR Feb 2023 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.

How to read this chart

45‑month range 56.00 IDR – 234.00 IDR · fair‑value band 84.25 IDR – 149.06 IDR · the 99.00 IDR price screens below the 116.78 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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Company profile

PT Vastland Indonesia Tbk is involved in the construction and rental of warehouses in Indonesia.

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It operates built-to-suit warehouses for various industries, including fast-moving consumer goods, beverages, commodities trading, 3PL providers, pharmaceutical distributors, electronics, and e-commerce; and general warehouses.

The company was founded in 2011 and is headquartered in Bandar Lampung, Indonesia. PT Vastland Indonesia Tbk operates as a subsidiary of PT Tembesu Elang Perkasa.

Stock analysis

Vastland Indonesia (VAST) currently trades at 99.00 IDR, while our model-based Fair Value estimate is 116.78 IDR, implying the stock looks roughly 15% undervalued today.

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Valuation

Bull case: the Growth DCF group reads highest at a median of 211.31 IDR per share, and 10 of the 19 models we run sit above the 99.00 IDR price.

Bear case: the Economic Profit group reads lowest at 66.17 IDR, and 9 of the 19 models stay below the price. Data coverage for this calculation is low.

Scenario range: 84.25 IDR (bear) to 149.06 IDR (bull), the price of 99.00 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 57/100 (solid quality), in the Real Estate sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Vastland Indonesia reported revenue of 39.6B IDR in FY2025 versus 23.8B IDR in FY2022, a compound +18.6%/yr. Reported net income was 17.0B IDR in FY2025, compounding +0.8%/yr from FY2022.

Key figures

Market cap 303B IDR (≈ $16.8M) Micro · P/S ratio 7.25 · Net margin 43.4% · Return on equity 4.5% · Return on assets (EBIT) 4.2% (4-year average) · Operating margin 64.9% · Revenue (TTM) 40.9B IDR · Revenue growth (YoY) +7.0%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 65 out of 100 (low confidence).

What moves the price

The share trades about 48% below its 52-week high and 14% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Real Estate peers we cover trades at −16% fair-value upside, at 18%, VAST screens cheaper than that median.

Fair Value models

Bear 84.25 IDR Fair Value 116.78 IDR Bull 149.06 IDR
Price 99.00 IDR · Upside +18.0%
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. 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 DCF 123.24 IDR 229.78 IDR 402.84 IDR 73
Growth DCF 120.06 IDR 211.31 IDR 349.28 IDR 72
EPV 35.20 IDR 42.24 IDR 48.14 IDR 71
All 19 models by family
DCF Models
FCF DCF 123.24 IDR 229.78 IDR 402.84 IDR 73
5Y Revenue Exit 44.36 IDR 66.37 IDR 92.16 IDR 69
5Y P/E Exit 86.11 IDR 155.25 IDR 234.83 IDR 66
10Y Revenue Exit 71.79 IDR 102.86 IDR 144.26 IDR 64
10Y P/E Exit 98.26 IDR 164.22 IDR 258.21 IDR 60
Earnings-Based
Graham-Dodd 37.81 IDR 195.85 IDR 270.84 IDR 61
Lynch FV 53.56 IDR 76.52 IDR 99.47 IDR 58
PEG = 1.0 53.56 IDR 76.52 IDR 99.47 IDR 55
EPV 35.20 IDR 42.24 IDR 48.14 IDR 71
Multiples
P/E Multiple 87.59 IDR 116.78 IDR 145.98 IDR 63
P/S Multiple 19.45 IDR 25.94 IDR 32.42 IDR 58
P/B Multiple 434.45 IDR 579.27 IDR 724.09 IDR 55
EV/EBIT 84.25 IDR 117.38 IDR 150.51 IDR 66
EV/Revenue 1.19 IDR 8.20 IDR 15.20 IDR 47
Asset-Based
NCAV (Graham) 64.36 IDR 86.25 IDR 128.73 IDR 54
Growth DCF
Growth DCF 120.06 IDR 211.31 IDR 349.28 IDR 72
Economic Profit
Residual Income 92.36 IDR 90.09 IDR 92.47 IDR 68
ROIC Compounder 35.20 IDR 42.24 IDR 48.14 IDR 69
Growth Earnings
Growth-Adj P/E 80.26 IDR 114.66 IDR 149.06 IDR 65

Open the full fair value analysis →

Quality Score breakdown

Overall quality 57/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 35
How much profit the company makes from its sales and capital
Quality Growth 46
Are margins and returns getting better?
Cashflow 99
Do the profits arrive as real cash?
Financial strength 50
Debt, balance sheet and risk of trouble
Investment 23
Does it invest with discipline instead of growing at any price?
Low Volatility 47
How calm the share price moves, does not count
Price momentum 17
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 6
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 95/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+4.0%
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.
+18.6%
What shareholders gained per year (last 3 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 3 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.
−33.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−33.5%
Dividend (yield on the price)0.0%
Profit margin 2022 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.65% → 60%

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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.Real Estate Services · 472 stocks

Beats the industry median on 8/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 57 · Above median
Fair Value upside +20.4% · Above median
Profitability
Return on equity (12 months) 4.5% · Below median
Return on assets 3.4% · Above median
Net margin (12 months) 43.4% · Top 25%
Operating margin (12 months) 64.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY) 7.0% · Above median
Balance sheet
Debt / equity 0.12× · Below median

Valuation Multiplesvs Real Estate Services median · lower = cheaper

P/B 0.75× · Pricier than median
P/S (12 months) 7.25× · Priciest 25%
EV/EBITDA 12.5× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)61 · sector 55
FUTURE (revenue growth)35 · sector 19
PAST (return on equity)18 · sector 19
HEALTH (low debt)94 · sector 83
DIVIDEND (yield)0 · sector 66

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Real Estate Services stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Vonovia SE VNA €16.90 €36.43 +116% vs VAST
Jones Lang LaSalle Incorporated JLL $370.80 $529.78 +43% vs VAST
China Resources Mixc Lifestyle Services Limited 1209 HK$41.64 HK$55.21 +33% vs VAST
Cellnex Telecom, S.A CLNX €26.68 €23.62 −11% vs VAST
Wharf Real Estate Investment Company 1997 HK$32.54 HK$27.21 −16% vs VAST
CBRE Group CBRE $135.51 $89.81 −34% vs VAST
KE Holdings BEKE $18.85 $7.33 −61% vs VAST
CapitaLand Investment Limited 9CI 2.36 SGD 0.7800 SGD −67% vs VAST
Swire Properties Limited 1972 HK$26.36 HK$5.88 −78% vs VAST
CoStar Group CSGP $30.55 $6.09 −80% vs VAST

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Vastland Indonesia: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Vastland Indonesia Fair Value". https://www.fairvalue-calculator.com/stock/VAST

Frequently asked questions

Is Vastland Indonesia (VAST) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 116.78 IDR versus a price of 99.00 IDR, about +18% upside (undervalued).
What is the fair value of VAST?
Our model-based fair value for Vastland Indonesia is 116.78 IDR (as of Nov 3, 2026), built from audited fundamentals. The current price: 99.00 IDR.
What is the quality score of VAST?
Vastland Indonesia has a Quality Score of 57/100. 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 Vastland Indonesia (VAST)?
Our model-based price target is the fair value of 116.78 IDR (as of Nov 3, 2026) from 19 valuation models. Cautious scenario 84.25 IDR, optimistic scenario 149.06 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Vastland Indonesia stock forecast for 2026?
Our models put fair value at 116.78 IDR, about +18% upside versus a price of 99.00 IDR (undervalued). Cautious scenario 84.25 IDR, optimistic scenario 149.06 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Vastland Indonesia (VAST)?
Vastland Indonesia reported trailing-twelve-month revenue of about 40.9B IDR (latest available figure, as of Nov 3, 2026).
What is the intrinsic value of Vastland Indonesia (VAST)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Vastland Indonesia it is 116.78 IDR per share (as of Nov 3, 2026), against a price of 99.00 IDR. It is the blended result of 19 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Vastland Indonesia stock overvalued or undervalued in 2026?
As of Nov 3, 2026, VAST trades below its calculated fair value: price 99.00 IDR, fair value 116.78 IDR, a gap of about +18% (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 VAST?
No. The price is what the market pays today (99.00 IDR); the fair value is what the company's own numbers justify (116.78 IDR). For Vastland Indonesia the two are 17.78 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Vastland Indonesia worth?
The market values Vastland Indonesia at about 303B IDR (market capitalisation, as of Nov 3, 2026). Per share that is 99.00 IDR; our models calculate a fair value of 116.78 IDR per share.
What do the bullish and bearish scenarios say about VAST?
Our models span a range for Vastland Indonesia: cautious scenario 84.25 IDR, base 116.78 IDR, optimistic 149.06 IDR per share (as of Nov 3, 2026, price 99.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Vastland Indonesia (VAST)?
Balance-sheet figures for Vastland Indonesia (as of Nov 3, 2026): return on equity 4.5%, debt of 0.12 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is VAST from its 52-week high?
Vastland Indonesia trades at 99.00 IDR, about 48% below its 52-week high of 190.00 IDR and 14% above the low of 87.00 IDR (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 116.78 IDR is for.
Which stocks are comparable to Vastland Indonesia?
From the same area (Real Estate) we also value CBRE Group, Cellnex Telecom, S.A, KE Holdings, Swire Properties Limited, 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 Vastland Indonesia stock attractive at the current price?
The data as of Nov 3, 2026: price 99.00 IDR, calculated fair value 116.78 IDR (+18%), Quality Score 57/100, from 19 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 VAST calculated?
We run Vastland Indonesia through 19 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 116.78 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. Vastland Indonesia currently trades 15% 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 Vastland Indonesia (VAST)?
The closing price on Nov 9, 2026 was 99.00 IDR. Our model-based fair value is 116.78 IDR, about +18% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Vastland Indonesia right now?
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.

Key figures of Vastland Indonesia

How large is the market capitalisation of Vastland Indonesia (VAST)?
The market capitalisation of Vastland Indonesia is 303B 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 Vastland Indonesia (VAST)?
The price-to-sales ratio of Vastland Indonesia is 7.25 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Vastland Indonesia (VAST)?
The net margin of Vastland Indonesia is 43.4% (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 Vastland Indonesia (VAST)?
The return on equity (ROE) of Vastland Indonesia is 4.5% (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 Vastland Indonesia (VAST)?
On an EBIT basis the return on assets of Vastland Indonesia is 4.2% (avg 4y). 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 Vastland Indonesia (VAST)?
The operating margin of Vastland Indonesia is 64.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Vastland Indonesia (VAST)?
Revenue at Vastland Indonesia is growing +7.0% versus a year earlier (3y avg +18.6%). 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 Vastland Indonesia (VAST)?
Earnings per share at Vastland Indonesia are growing +7.6% versus a year earlier. How much earnings per share grew versus a year earlier.
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