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Apexindo Pratama Duta Tbk (APEX) Fair Value & Analysis

Energy · ID · Market cap 493B IDR

AP Apexindo Pratama Duta Tbk APEX · JK
Price193.00 IDR
Fair Value339.93 IDR
Upside+76.1%
Quality54/100
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Strengths

Trades 76% below our fair value of 339.93 IDR
Moderate debt · generates free cash flow
Ranks above peers (9/13)

Risks

!Mixed Growth
!Thin margins · 5.8% net margin
!Narrow moat 44/100
!Weak on past: 28 out of 100
Mixed Growth
Thin margins · 5.8% net margin
Moderate debt · generates free cash flow
Ranks above peers (9/13)
Narrow moat 44/100
Evidence: High Range 254.94 IDR – 424.91 IDR Share as image

Fair value as of: Aug 23, 2026

From 24 valuation models · updated today

Fair value updated Aug 23, 2026, revised from 0.0200 IDR to 339.93 IDR (+1,699,550.0%) since Aug 13, 2026. Share price +31.3% over the past month.

A solid business, screening 76% undervalued on our models.

What runs behind every stock

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

What matters now

  • The price is below even our cautious bear case (254.94 IDR). The market is more pessimistic than our downside scenario.
  • Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

1,100 IDR 79.00 IDR Fair Value 339.93 IDR Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 23, 2026.

How to read this chart

60‑month range 79.00 IDR – 1,100 IDR · fair‑value band 254.94 IDR – 424.91 IDR · the 193.00 IDR price screens below the 339.93 IDR fair value. Dashed = 300-day average. As of Aug 23, 2026.

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Analysis

Apexindo Pratama Duta Tbk (APEX) currently trades at 193.00 IDR, while our model-based Fair Value estimate is 339.93 IDR, implying the stock looks roughly 76.1% undervalued today. The Quality Score stands at 54/100 (solid quality), in the Energy sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Apexindo Pratama Duta Tbk generated revenue of 84.2M IDR at a net margin of 4.8%. Revenue declined 13.6% year over year. It earns a return on equity of 6.0%. Net debt stands at 107M IDR. Fundamentals as of Aug 23, 2026

Our scenario range runs from 254.94 IDR (bear case) to 424.91 IDR (bull case); at 193.00 IDR, the current price sits below 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 39% below its 52-week high and 112% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -44% fair-value upside, at 76%, APEX 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 849.83 IDR 1,360 IDR 2,040 IDR 80
Residual Income 339.93 IDR 339.93 IDR 339.93 IDR 76
Rev-Margin DCF 339.93 IDR 509.90 IDR 679.86 IDR 74
All 24 models by family
DCF Models
FCF DCF 849.83 IDR 1,360 IDR 2,380 IDR 38
Owner Earnings 509.90 IDR 679.86 IDR 1,360 IDR 31
5Y Revenue Exit 339.93 IDR 509.90 IDR 679.86 IDR 39
5Y EBITDA Exit 339.93 IDR 679.86 IDR 1,020 IDR 41
5Y P/E Exit 169.97 IDR 339.93 IDR 509.90 IDR 38
10Y Revenue Exit 509.90 IDR 679.86 IDR 849.83 IDR 36
10Y EBITDA Exit 509.90 IDR 849.83 IDR 1,020 IDR 37
10Y P/E Exit 509.90 IDR 509.90 IDR 679.86 IDR 35
Earnings-Based
Graham-Dodd 169.97 IDR 169.97 IDR 169.97 IDR 54
EPV 169.97 IDR 169.97 IDR 339.93 IDR 59
Dividend Discount
Gordon GGM 1,020 IDR 1,190 IDR 1,190 IDR 70
DDM Multi-Stage 1,020 IDR 1,360 IDR 1,700 IDR 61
Multiples
P/E Multiple 169.97 IDR 339.93 IDR 339.93 IDR 63
P/S Multiple 169.97 IDR 339.93 IDR 339.93 IDR 58
P/B Multiple 169.97 IDR 339.93 IDR 339.93 IDR 55
EV/EBIT 169.97 IDR 339.93 IDR 53
EV/EBITDA 169.97 IDR 339.93 IDR 679.86 IDR 54
EV/Revenue 169.97 IDR 339.93 IDR 43
Asset-Based
NCAV (Graham) 169.97 IDR 169.97 IDR 339.93 IDR 50
Growth DCF
Growth DCF 849.83 IDR 1,360 IDR 2,040 IDR 80
Rev-Margin DCF 339.93 IDR 509.90 IDR 679.86 IDR 74
Economic Profit
Residual Income 339.93 IDR 339.93 IDR 339.93 IDR 76
ROIC Compounder 169.97 IDR 169.97 IDR 339.93 IDR 72
Growth Earnings
Growth-Adj P/E 169.97 IDR 169.97 IDR 339.93 IDR 68

Widest divergence: Dividend Discount (1,190 IDR) versus Earnings-Based (169.97 IDR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 84.2M IDR
Revenue growth (YoY) -13.6%
Net margin 4.8%
Return on equity 6.0%
Free cash flow 25.1M IDR FY2025
P/E ratio 8.0
More key figures
Operating margin 23.9%
EPS (TTM) 24.24 IDR
EPS growth (YoY) +62.4%
Net debt 107M IDR FY2025

Figures from reported company fundamentals · as of Aug 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 54 · Market factors (momentum, volatility) 58

Profitability 24
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 98
Earnings quality: real cash, not paper profit
Fin. Strength 41
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 57
Price trend over the last 3–12 months (market factor)
52W Momentum 67
Distance to the 52-week high (market factor)
Net Issuance 12
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 Apexindo Pratama Duta Tbk operates as a drilling contractor in Indonesia and internationally. It operates through Offshore Drilling Services and Onshore Drilling Services segments. The company offers onshore and offshore drilling services for oil and gas, geothermal, and coal bed methane industries.

Full company description

PT Apexindo Pratama Duta Tbk operates as a drilling contractor in Indonesia and internationally. It operates through Offshore Drilling Services and Onshore Drilling Services segments. The company offers onshore and offshore drilling services for oil and gas, geothermal, and coal bed methane industries. It also engages in the provision of catering services; rental of equipment; and usage of fuel and spare parts, and other services, as well as mobilization and demobilization; and offers swampbarges and jack-ups. The company was founded in 1984 and is headquartered in Jakarta, Indonesia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Apexindo Pratama Duta Tbk reported revenue of 83.2M IDR in FY2025 versus 65.2M IDR in FY2021, a compound +6.3%/yr. Reported net income was 4.0M IDR in FY2025, compounding +2.3%/yr from FY2021.

Growth Quality 72/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
83.2M IDR
Latest YoY
−1.6%
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.
+0.9%
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.
+8.7%
Avg. growth/yr (23Y) 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.
−31.8%
Revenue +6.3%/yr
FY21 65.2M IDR
FY22 81.0M IDR
FY23 62.3M IDR
FY24 84.6M IDR
FY25 83.2M IDR
Net income +2.3%/yr
FY21 3.7M IDR
FY22 −64.7M IDR
FY23 −1.3M IDR
FY24 543K IDR
FY25 4.0M IDR

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Cite: Fair Value Calculator (2026). "Apexindo Pratama Duta Tbk Fair Value". https://www.fairvalue-calculator.com/stock/APEX.JK

Peer Group

Oil & Gas Drilling · 34 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 54 · Above median
Fair Value upside +76% · Top 25%
Return on equity (TTM) 7% · Above median
Return on assets 3% · Below median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 15% · Above median
Revenue growth -13% · Bottom 25%
Debt / equity 1.48× · Higher than 75% of peers

Valuation Multiples vs Oil & Gas Drilling median · lower = cheaper

P/E (TTM) 8.0× · Cheaper than median
P/B 0.71× · Cheaper than median
P/S (TTM) 0.61× · Cheaper than median
P/FCF 2.0× · Cheaper than 75% of peers
EV/EBITDA 6.3× · Pricier than median

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 0
FUTURE0 · sector 0
PAST28 · sector 19
HEALTH26 · sector 81
DIVIDEND0 · sector 31

Values & ESG

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

Oil & gas

Similar stocks

10 more Oil & Gas Drilling stocks, each showing price versus our Fair Value estimate (as of Aug 23, 2026).

Stock Price Fair Value vs Fair Value
Noble Corporation NE $44.08 $23.09 -48%
Sinopec Oilfield Service Corporation 600871 ¥2.22 ¥0.4900 -78%
Transocean Ltd RIG $5.70 $2.16 -62%
Valaris Limited VAL $85.21 $58.91 -31%
Patterson-UTI Energy, Inc PTEN $12.13 $12.20 +1%
Helmerich & Payne, Inc HP $42.97 $9.25 -78%
Seadrill Limited SDRL $46.72 $10.17 -78%
Odfjell Drilling Ltd ODL kr 95.30 kr 53.75 -44%
Borr Drilling Limited BORR kr 36.50 kr 27.01 -26%
Nabors Industries Ltd NBR $89.70 $209.14 +133%

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Frequently asked questions

Is Apexindo Pratama Duta Tbk (APEX) overvalued or undervalued?
As of Aug 23, 2026, our model estimates a fair value of 339.93 IDR versus a price of 193.00 IDR, about +76% (undervalued).
What is the fair value of APEX?
Our model-based fair value for Apexindo Pratama Duta Tbk is 339.93 IDR (as of Aug 23, 2026), built from audited fundamentals. The current price: 193.00 IDR.
What is the quality score of APEX?
Apexindo Pratama Duta Tbk has a Quality Score of 54/100. 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 Apexindo Pratama Duta Tbk (APEX)?
Apexindo Pratama Duta Tbk reported trailing-twelve-month revenue of about 84.2M IDR (latest available figure, as of Aug 23, 2026).
What is the net profit margin of APEX?
The net profit margin of Apexindo Pratama Duta Tbk is about 4.8%, meaning it keeps roughly 4.8% of revenue as net income. 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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