Wismilak Inti Makmur Tbk (WIIM) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Wismilak Inti Makmur Tbk stock IDR 3,542, price IDR 1,535, upside +130.7%, quality 67 out of 100. Rating: strongly undervalued. 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 8, 2026.
How to read this chart
60‑month range 255.71 IDR – 2,910 IDR · fair‑value band 1,602 IDR – 4,956 IDR · the 1,535 IDR price screens below the 3,542 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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PT Wismilak Inti Makmur Tbk manufactures and sells cigarettes in Indonesia and internationally. The company offers hand-rolled and machine-rolled cigarettes, cigars, filter rods, and other cigarette parts. It also engages in the marketing and distribution of cigarettes.
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The company markets and sells its products under the Galan Kretek, Wismilak Spesial, Wismilak Slim, Wismilak Satya, Wismilak Diplomat, Galan Prima, Arja, Diplomat Mild, Diplomat Mild Menthol, Diplomat Evo, Wismilak Premium Cigars, and Wismilak Premium Seleccion brand names.
PT Wismilak Inti Makmur Tbk was founded in 1962 and is headquartered in Surabaya, Indonesia.
Stock analysis
Wismilak Inti Makmur Tbk (WIIM) currently trades at 1,535 IDR, while our model-based Fair Value estimate is 3,542 IDR, implying the stock looks roughly 57% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 5,980 IDR per share, and 19 of the 26 models we run sit above the 1,535 IDR price.
Bear case: the Dividend Discount group reads lowest at 586.81 IDR, and 7 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: 1,602 IDR (bear) to 4,956 IDR (bull), the price of 1,535 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 67/100 (solid quality), in the Consumer Defensive sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Wismilak Inti Makmur Tbk reported revenue of 6.4T IDR in FY2025 versus 2.7T IDR in FY2021, a compound +23.6%/yr. Reported net income was 419B IDR in FY2025, compounding +24.1%/yr from FY2021.
Key figures
Market cap 3.2T IDR (≈ $178M) Micro · P/E ratio 5.6 · P/S ratio 0.83 · EPS (TTM) 275.68 IDR · Dividend yield 6.8% · Net margin 14.9% · Return on equity 27.2% · Return on assets (EBIT) 15.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 74 out of 100 (low confidence).
What moves the price
The share trades about 22% below its 52-week high and 24% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 10% fair-value upside, at 131%, WIIM screens cheaper than that median.
Fair Value models
Bear1,602 IDRFair Value 3,542 IDRBull4,956 IDR
Price 1,535 IDR · Upside +130.7%
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 (146.88 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.86/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+34.3%
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.
+19.9%
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.
+26.2%
Start year 2020 (pandemic). Over 10 years: +13.2% a year
Revenue growth 15 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.
+17.2%
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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.
+26.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+19.7%
Dividend (yield on the price)6.8%
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.19.7% vs 14.2%, picking up
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.10% → 9%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes about as much growth as the company has delivered so far and more 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).
+24.2%
Yearly growth needed for the next five years to justify today's price.
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.
+7.2%
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 +21.1% a year for the price and +4.4% for the forecasts.
Compare Wismilak Inti Makmur 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.Tobacco · 29 stocks
Beats the industry median on 12/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score67 · Above median
Fair Value upside+130.7% · Top 25%
Profitability
Return on equity (12 months)27.2% · Top 25%
Return on assets13.1% · Above median
Net margin (12 months)14.9% · Above median
Operating margin (12 months)21.0% · Above median
Growth and dividend
Revenue growth (quarter YoY)18.7% · Top 25%
Dividend yield (12 months)6.8% · Top 25%
Valuation Multiplesvs Tobacco median · lower = cheaper
P/E (12 months)5.6× · Cheapest 25%
P/B1.45× · Cheaper than median
P/S (12 months)0.83× · Cheapest 25%
Price / free cash flow (fiscal year)23.4× · Pricier 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). "Wismilak Inti Makmur Tbk Fair Value". https://www.fairvalue-calculator.com/stock/WIIM
Frequently asked questions
Is Wismilak Inti Makmur Tbk (WIIM) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 3,542 IDR versus a price of 1,535 IDR, about +131% upside (undervalued).
What is the fair value of WIIM?
Our model-based fair value for Wismilak Inti Makmur Tbk is 3,542 IDR (as of Nov 8, 2026), built from audited fundamentals. The current price: 1,535 IDR.
What is the quality score of WIIM?
Wismilak Inti Makmur Tbk has a Quality Score of 67/100. 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 Wismilak Inti Makmur Tbk (WIIM)?
Our model-based price target is the fair value of 3,542 IDR (as of Nov 8, 2026) from 26 valuation models. Cautious scenario 1,602 IDR, optimistic scenario 4,956 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Wismilak Inti Makmur Tbk stock forecast for 2026?
Our models put fair value at 3,542 IDR, about +131% upside versus a price of 1,535 IDR (undervalued). Cautious scenario 1,602 IDR, optimistic scenario 4,956 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Wismilak Inti Makmur Tbk (WIIM)?
Wismilak Inti Makmur Tbk reported trailing-twelve-month revenue of about 3.9T IDR (latest available figure, as of Nov 8, 2026).
Does Wismilak Inti Makmur Tbk pay a dividend?
Wismilak Inti Makmur Tbk currently shows a dividend yield of 6.80% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Wismilak Inti Makmur Tbk (WIIM) and when is the ex-dividend date?
Wismilak Inti Makmur Tbk pays a dividend of 104.40 IDR per share a year, a dividend yield of 6.8%. The last ex-dividend date was May 29, 2026. A dividend has been paid every year since 2019. The payout ratio is 37.9% of earnings. Free cash flow covers the dividend 0.63 times. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What growth is priced into Wismilak Inti Makmur Tbk (WIIM)?
For today's price to be fair in a discounted-cash-flow model, Wismilak Inti Makmur Tbk would have to grow free cash flow by +24.2 % per year for five years (discount rate 15.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +26.2 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of WIIM use?
Our models discount Wismilak Inti Makmur Tbk at 15.0 %: a base by market capitalisation (micro), 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 Wismilak Inti Makmur Tbk that is +24.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (15.0 %) and the same formula as our fair value.
How much growth has Wismilak Inti Makmur Tbk (WIIM) delivered so far?
Over the past 5 years revenue at Wismilak Inti Makmur Tbk grew +26.2 % a year. The price currently implies free-cash-flow growth of +24.2 % 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 Wismilak Inti Makmur Tbk (WIIM) growing?
The median revenue growth in the sector is +3.6 % a year. That is the yardstick for the growth priced into Wismilak Inti Makmur Tbk (+24.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Wismilak Inti Makmur Tbk (WIIM)?
The free-cash-flow yield on the price is 4.28 %: that much free cash flow Wismilak Inti Makmur Tbk produces per unit of market value. When it exceeds the discount rate of our models (15.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Wismilak Inti Makmur Tbk (WIIM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Wismilak Inti Makmur Tbk it is 3,542 IDR per share (as of Nov 8, 2026), against a price of 1,535 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 Wismilak Inti Makmur Tbk stock overvalued or undervalued in 2026?
As of Nov 8, 2026, WIIM trades below its calculated fair value: price 1,535 IDR, fair value 3,542 IDR, a gap of about +131% (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 WIIM?
No. The price is what the market pays today (1,535 IDR); the fair value is what the company's own numbers justify (3,542 IDR). For Wismilak Inti Makmur Tbk the two are 2,007 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Wismilak Inti Makmur Tbk worth?
The market values Wismilak Inti Makmur Tbk at about 3.2T IDR (market capitalisation, as of Nov 8, 2026). Per share that is 1,535 IDR; our models calculate a fair value of 3,542 IDR per share.
What do the bullish and bearish scenarios say about WIIM?
Our models span a range for Wismilak Inti Makmur Tbk: cautious scenario 1,602 IDR, base 3,542 IDR, optimistic 4,956 IDR per share (as of Nov 8, 2026, price 1,535 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of WIIM?
Wismilak Inti Makmur Tbk trades at a price-to-earnings ratio of 5.6 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 3,542 IDR is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 7.0. Other multiples: P/B 1.5, P/S 0.8, EV/EBITDA 3.5.
How solid is the balance sheet of Wismilak Inti Makmur Tbk (WIIM)?
Balance-sheet figures for Wismilak Inti Makmur Tbk (as of Nov 8, 2026): return on equity 27.2%. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is WIIM from its 52-week high?
Wismilak Inti Makmur Tbk trades at 1,535 IDR, about 22% below its 52-week high of 1,975 IDR and 24% above the low of 1,240 IDR (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 3,542 IDR is for.
Which stocks are comparable to Wismilak Inti Makmur Tbk?
From the same area (Consumer Defensive) we also value Philip Morris International Inc, Altria Group, British American Tobacco p.l.c., ITC 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 Wismilak Inti Makmur Tbk stock attractive at the current price?
The data as of Nov 8, 2026: price 1,535 IDR, calculated fair value 3,542 IDR (+131%), Quality Score 67/100, 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 WIIM calculated?
We run Wismilak Inti Makmur Tbk 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 3,542 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. Wismilak Inti Makmur Tbk currently trades 57% 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 Wismilak Inti Makmur Tbk (WIIM)?
The closing price on Nov 9, 2026 was 1,535 IDR. Our model-based fair value is 3,542 IDR, about +131% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Wismilak Inti Makmur Tbk right now?
The price is below even our cautious bear case (1,602 IDR). The market is more pessimistic than our downside scenario. The model range is unusually wide (1,602 IDR to 4,956 IDR). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (67/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Wismilak Inti Makmur Tbk (WIIM) come from?
Earnings per share at Wismilak Inti Makmur Tbk grew +15.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share +13.5 %, EBIT margin +0.1 %, tax rate +0.3 %, residual (interest, one-offs) +0.8 %. 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 Wismilak Inti Makmur Tbk
How large is the market capitalisation of Wismilak Inti Makmur Tbk (WIIM)?
The market capitalisation of Wismilak Inti Makmur Tbk is 3.2T IDR (≈ $178M). 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 Wismilak Inti Makmur Tbk (WIIM)?
The price-to-sales ratio of Wismilak Inti Makmur Tbk is 0.83 (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 Wismilak Inti Makmur Tbk (WIIM)?
Earnings per share at Wismilak Inti Makmur Tbk are 275.68 IDR (price ÷ EPS = P/E 5.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Wismilak Inti Makmur Tbk (WIIM)?
The dividend yield of Wismilak Inti Makmur Tbk is 6.8% (payout 37.9%). 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 Wismilak Inti Makmur Tbk (WIIM)?
The net margin of Wismilak Inti Makmur Tbk is 14.9% (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 Wismilak Inti Makmur Tbk (WIIM)?
The return on equity (ROE) of Wismilak Inti Makmur Tbk is 27.2% (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 Wismilak Inti Makmur Tbk (WIIM)?
On an EBIT basis the return on assets of Wismilak Inti Makmur Tbk is 15.7% (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 Wismilak Inti Makmur Tbk (WIIM)?
The operating margin of Wismilak Inti Makmur Tbk is 21.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Wismilak Inti Makmur Tbk (WIIM)?
Revenue at Wismilak Inti Makmur Tbk is growing +18.7% versus a year earlier (3y avg +19.9%). 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 Wismilak Inti Makmur Tbk (WIIM)?
Earnings per share at Wismilak Inti Makmur Tbk are growing +106% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Wismilak Inti Makmur Tbk (WIIM) carry?
The net debt of Wismilak Inti Makmur Tbk is 3.9B IDR (fiscal year 2025, ≈ 0.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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