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PT Agung Menjangan Mas Tbk (AMMS) Fair Value & Analysis

Consumer Defensive · ID · Market cap 372B IDR

PA PT Agung Menjangan Mas Tbk AMMS · JK
Price171.00 IDR
Fair Value41.72 IDR
Upside-75.6%
Quality56/100
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Expensive Growth
Loss-making · -2.9% net margin
negative free cash flow
Trails peers (2/7)
Narrow moat 15/100
Evidence: Low Range 34.07 IDR – 49.36 IDR Share as image

Fair value as of: Aug 13, 2026

From 2 valuation models · updated today

Fair value updated Aug 13, 2026, revised from 20.87 IDR to 41.72 IDR (+99.9%) since Jul 11, 2026. Share price −45.2% over the past month.

A solid business, but screening 76% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (49.36 IDR). The favourable scenario is already priced in.
  • 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 but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (4 years)

595.00 IDR 17.00 IDR Fair Value 41.72 IDR Aug 2022 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

48‑month range 17.00 IDR – 595.00 IDR · fair‑value band 34.07 IDR – 49.36 IDR · the 171.00 IDR price screens above the 41.72 IDR fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

PT Agung Menjangan Mas Tbk (AMMS) currently trades at 171.00 IDR, while our model-based Fair Value estimate is 41.72 IDR, implying the stock looks roughly 75.6% overvalued today. The Quality Score stands at 56/100 (solid quality), in the Consumer Defensive 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: low).

Over the trailing twelve months, PT Agung Menjangan Mas Tbk generated revenue of 15.6B IDR at a net margin of -2.9%. Revenue grew 164.0% year over year. It earns a return on equity of -0.7%. The balance sheet holds a net cash position of 6.7B IDR. Fundamentals as of Aug 13, 2026

Our scenario range runs from 34.07 IDR (bear case) to 49.36 IDR (bull case); at 171.00 IDR, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 74% below its 52-week high and 148% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 97% fair-value upside, at -76%, AMMS screens richer 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
EV/EBITDA 17.04 IDR 20.87 IDR 24.69 IDR 54
NCAV (Graham) 30.02 IDR 40.23 IDR 60.04 IDR 50
All 2 models by family
Multiples
EV/EBITDA 17.04 IDR 20.87 IDR 24.69 IDR 54
Asset-Based
NCAV (Graham) 30.02 IDR 40.23 IDR 60.04 IDR 50

Widest divergence: Asset-Based (40.23 IDR) versus Multiples (20.87 IDR). Highest evidence: EV/EBITDA (54).

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Key figures & financial health

Revenue (TTM) 15.6B IDR
Revenue growth (YoY) +164%
Net margin -2.9%
Return on equity -0.7%
Free cash flow −5.1B IDR FY2025
Operating margin -12.5%
More key figures
EPS growth (YoY) +5.3%
Net cash 6.7B IDR FY2025

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

Quality Score breakdown

Overall quality 56/100

Of which business quality 57 · Market factors (momentum, volatility) 27

Profitability 9
Margins and returns on capital today
Quality Growth 44
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 36
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 21
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 Agung Menjangan Mas Tbk provides services to support aquaculture and shrimp farming in Indonesia. The company offers pond preparation services, including land equalization and dredging, pool washing, and HDPE installation; cultivation maintenance and support services, such as measuring the pH and mineral content of the pond, monitoring the pool …

Full company description

PT Agung Menjangan Mas Tbk provides services to support aquaculture and shrimp farming in Indonesia. The company offers pond preparation services, including land equalization and dredging, pool washing, and HDPE installation; cultivation maintenance and support services, such as measuring the pH and mineral content of the pond, monitoring the pool temperature, controlling biological oxygen demand, feeding process, controlling the water salinity, and maintaining the water; harvest services comprising prevention of molting, netting, draining, and shrimp catching; and post-harvest services, which include pool cleaning, drainage channel cleaning, and pool repair. It is also involved in the rental of land and buildings. The company was founded in 2004 and is headquartered in South Jakarta, Indonesia. As of December 24, 2025, PT Agung Menjangan Mas Tbk operates as a subsidiary of Radiant Ruby Company Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Agung Menjangan Mas Tbk reported revenue of 15.6B IDR in FY2025 versus 5.7B IDR in FY2021, a compound +28.9%/yr. Reported net income was −457M IDR in FY2025.

Growth Quality 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
15.6B IDR
Latest YoY
+36.0%
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.
+16.1%
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.
+47.3%
Revenue +28.9%/yr
FY21 5.7B IDR
FY22 10.0B IDR
FY23 10.3B IDR
FY24 11.5B IDR
FY25 15.6B IDR
Net income
FY21 680M IDR
FY22 1.6B IDR
FY23 227M IDR
FY24 120M IDR
FY25 −457M IDR

AMMS screens 76% overvalued. Compare with Muyuan Foods Group →

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Cite: Fair Value Calculator (2026). "PT Agung Menjangan Mas Tbk Fair Value". https://www.fairvalue-calculator.com/stock/AMMS

Peer Group

Farm Products · 299 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 57 · Above median
Fair Value upside −76% · Bottom 25%
Return on assets -0% · Bottom 25%
Net margin (TTM) -3% · Bottom 25%
Operating margin (TTM) -12% · Bottom 25%
Revenue growth 164% · Top 25%

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 25
FUTURE 100 · sector 22
PAST 0 · sector 18
HEALTH 0 · sector 95
DIVIDEND 0 · sector 37

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 Farm Products stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Muyuan Foods Group 002714 ¥40.15 ¥47.42 +18%
PT Charoen Pokphand Indonesia Tbk, CPIN 3,150 IDR 6,818 IDR +116%
Charoen Pokphand Foods Public Company CPF 21.90 THB 43.24 THB +97%
PT Triputra Agro Persada Tbk TAPG 1,805 IDR 3,087 IDR +71%
PT FAP Agri Tbk FAPA 7,350 IDR 6,420 IDR -13%
PT Japfa Comfeed Indonesia Tbk JPFA 2,260 IDR 6,974 IDR +209%
PT Jhonlin Agro Raya Tbk JARR 1,890 IDR 610.80 IDR -68%
PT Nusantara Sawit Sejahtera Tbk NSSS 860.00 IDR 402.24 IDR -53%
PT Sinar Mas Agro Resources and Technology Tbk SMAR 5,625 IDR 16,227 IDR +188%
PT Dharma Satya Nusantara Tbk DSNG 1,320 IDR 2,696 IDR +104%

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Frequently asked questions

Is PT Agung Menjangan Mas Tbk (AMMS) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 41.72 IDR versus a price of 171.00 IDR, about −76% (overvalued).
What is the fair value of AMMS?
Our model-based fair value for PT Agung Menjangan Mas Tbk is 41.72 IDR (as of Aug 13, 2026), built from audited fundamentals. The current price is 171.00 IDR.
What is the quality score of AMMS?
PT Agung Menjangan Mas Tbk has a Quality Score of 56/100. 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 Agung Menjangan Mas Tbk (AMMS)?
PT Agung Menjangan Mas Tbk reported trailing-twelve-month revenue of about 15.6B IDR (latest available figure, as of Aug 13, 2026).
What is the net profit margin of AMMS?
The net profit margin of PT Agung Menjangan Mas Tbk is about -2.9%, 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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