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PT. Polychem Indonesia Tbk (ADMG) Fair Value & Analysis

Basic Materials · ID · Market cap 840B IDR

PP PT. Polychem Indonesia Tbk ADMG · JK
Price258.00 IDR
Fair Value178.65 IDR
Upside-30.8%
Quality64/100
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Weak Growth
Loss-making · -0.2% net margin
Low debt · generates free cash flow
Trails peers (4/14)
Narrow moat 21/100
Evidence: Medium Range 178.65 IDR – 178.65 IDR Share as image

Fair value as of: Aug 13, 2026

From 5 valuation models · updated 2 days ago

Fair value updated Aug 13, 2026, revised from 180.59 IDR to 178.65 IDR (−1.1%) since Jul 16, 2026. Share price +19.4% over the past month.

A solid business, but screening 31% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (178.65 IDR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

266.00 IDR 99.00 IDR Fair Value 178.65 IDR Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 99.00 IDR – 266.00 IDR · the 258.00 IDR price screens above the 178.65 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

PT. Polychem Indonesia Tbk (ADMG) currently trades at 258.00 IDR, while our model-based Fair Value estimate is 178.65 IDR, implying the stock looks roughly 30.8% overvalued today. The Quality Score stands at 64/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, PT. Polychem Indonesia Tbk generated revenue of 143M IDR at a net margin of -0.2%. Revenue declined 6.0% year over year. It earns a return on equity of 0.2%. The balance sheet holds a net cash position of 10.1M IDR. Fundamentals as of Aug 13, 2026

The share trades about 4% below its 52-week high and 143% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -60% fair-value upside, at -31%, ADMG screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Growth DCF 89.33 IDR 80
Gordon GGM 410,091 IDR 451,091 IDR 513,976 IDR 70
DDM Multi-Stage 410,091 IDR 523,445 IDR 687,356 IDR 61
All 5 models by family
DCF Models
FCF DCF 89.33 IDR 38
Dividend Discount
Gordon GGM 410,091 IDR 451,091 IDR 513,976 IDR 70
DDM Multi-Stage 410,091 IDR 523,445 IDR 687,356 IDR 61
Asset-Based
NCAV (Graham) 89.33 IDR 178.65 IDR 267.98 IDR 50
Growth DCF
Growth DCF 89.33 IDR 80

Widest divergence: Dividend Discount (451,091 IDR) versus Asset-Based (178.65 IDR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 143M IDR
Revenue growth (YoY) -6.0%
Net margin -0.2%
Return on equity 0.2%
Free cash flow 2.6M IDR FY2025
P/E ratio 126.5
More key figures
Operating margin -0.6%
EPS (TTM) 2.04 IDR
Net cash 10.1M IDR FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 62 · Market factors (momentum, volatility) 79

Profitability 18
Margins and returns on capital today
Quality Growth 89
Are margins and returns improving?
Cashflow 39
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 52
Calm price path (market factor)
Momentum 85
Price trend over the last 3–12 months (market factor)
52W Momentum 97
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

PT. Polychem Indonesia Tbk produces and sells various chemical products and artificial resin in Indonesia, Asia, and Europe.

Full company description

PT. Polychem Indonesia Tbk produces and sells various chemical products and artificial resin in Indonesia, Asia, and Europe. The company offers mono-ethylene glycol, di-ethylene glycol, and tri-ethylene glycol, as well as ethoxylate products and its derivatives, including nonylphenol ethoxylate, fatty alcohol ethoxylate, cement grinding aid, and other related products. It also exports its products. The company was founded in 1986 and is headquartered in Jakarta Pusat, Indonesia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT. Polychem Indonesia Tbk reported revenue of 143M IDR in FY2025 versus 190M IDR in FY2021, a compound −6.9%/yr. Reported net income was −3.1M IDR in FY2025.

Growth Quality 26/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
143M IDR
Latest YoY
+30.3%
Avg. growth/yr (3Y) 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.
+0.0%
Avg. growth/yr (5Y) 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.
−1.3%
Avg. growth/yr (25Y) 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.
−32.9%
Revenue −6.9%/yr
FY21 190M IDR
FY22 143M IDR
FY23 105M IDR
FY24 110M IDR
FY25 143M IDR
Net income
FY21 351K IDR
FY22 −26.7M IDR
FY23 −19.1M IDR
FY24 −10.2M IDR
FY25 −3.1M IDR

ADMG screens 31% overvalued. Compare with BASF SE →

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Cite: Fair Value Calculator (2026). "PT. Polychem Indonesia Tbk Fair Value". https://www.fairvalue-calculator.com/stock/ADMG.JK

Peer Group

Chemicals · 331 stocks

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.

Quality Score 64 · Top 25%
Fair Value upside −31% · Below median
Return on equity (TTM) 0% · Below median
Return on assets -1% · Bottom 25%
Net margin (TTM) -0% · Below median
Operating margin (TTM) -1% · Bottom 25%
Revenue growth -6% · Below median
Dividend yield (TTM) 2.4% · Above median
Debt / equity 0.43× · Higher than 75% of peers

Valuation Multiples vs Chemicals median · lower = cheaper

P/E (TTM) 126.5× · Pricier than 75% of peers
P/B 0.75× · Cheaper than median
P/S (TTM) 0.59× · Cheaper than median
P/FCF 31.8× · Pricier than 75% of peers
EV/EBITDA 58.9× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 0 · sector 20
PAST 1 · sector 20
HEALTH 79 · sector 94
DIVIDEND 48 · sector 33

VALUE 0: the price sits above our fair-value range.

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
BASF SE BASN 1,034 MXN 467.04 MXN -55%
PT Barito Pacific Tbk, BRPT 1,950 IDR 1,608 IDR -18%
LG Chem, Ltd 051910 275,500 KRW 587,755 KRW +113%
SRF Limited 503806 ₹2,609 ₹749.17 -71%
PTT Global Chemical Public Company PTTGC 38.50 THB 18.21 THB -53%
542812 542812 ₹4,709 ₹791.05 -83%
Navin Fluorine International Limited NAVINFLUOR ₹8,357 ₹2,146 -74%
506285 506285 ₹4,048 ₹1,589 -61%
Kansai Nerolac Paints Limited 500165 ₹209.25 ₹80.51 -62%
Deepak Nitrite Limited DEEPAKNTR ₹1,718 ₹679.17 -60%

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Frequently asked questions

Is PT. Polychem Indonesia Tbk (ADMG) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 178.65 IDR versus a price of 258.00 IDR, about −31% (overvalued).
What is the fair value of ADMG?
Our model-based fair value for PT. Polychem Indonesia Tbk is 178.65 IDR (as of Aug 13, 2026), built from audited fundamentals. The current price is 258.00 IDR.
What is the quality score of ADMG?
PT. Polychem Indonesia Tbk has a Quality Score of 64/100. 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 revenue of PT. Polychem Indonesia Tbk (ADMG)?
PT. Polychem Indonesia Tbk reported trailing-twelve-month revenue of about 143M IDR (latest available figure, as of Aug 13, 2026).
What is the net profit margin of ADMG?
The net profit margin of PT. Polychem Indonesia Tbk is about -0.2%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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