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PT Bank Capital Indonesia Tbk (BACA) Fair Value & Analysis

Financial Services · ID · Market cap 2.1T IDR

PB PT Bank Capital Indonesia Tbk BACA · JK
Price117.00 IDR
Fair Value82.08 IDR
Upside-29.9%
Quality47/100
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Healthy Growth
Solidly profitable · 10.5% net margin
Low debt · generates free cash flow
Mixed vs. peers (5/12)
Narrow moat 40/100
Evidence: High Range 61.56 IDR – 102.60 IDR Share as image

Fair value as of: Jul 11, 2026

From 4 valuation models · updated 30 days ago

Share price +13.6% over the past month.

Below-average quality, and screening another 30% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (102.60 IDR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

835.00 IDR 99.00 IDR Fair Value 82.08 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.

How to read this chart

60‑month range 99.00 IDR – 835.00 IDR · fair‑value band 61.56 IDR – 102.60 IDR · the 117.00 IDR price screens above the 82.08 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 11, 2026.

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Analysis

PT Bank Capital Indonesia Tbk (BACA) currently trades at 117.00 IDR, while our model-based Fair Value estimate is 82.08 IDR, implying the stock looks roughly 29.9% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Financial Services 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: high).

Over the trailing twelve months, PT Bank Capital Indonesia Tbk generated revenue of 1.3T IDR at a net margin of 10.5%. Revenue grew 19.9% year over year. It earns a return on equity of 2.0%. The balance sheet holds a net cash position of 2.5T IDR. Fundamentals as of Jul 11, 2026

Our scenario range runs from 61.56 IDR (bear case) to 102.60 IDR (bull case); at 117.00 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 56% below its 52-week high and 29% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at -30%, BACA 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
P/E Multiple 61.56 IDR 82.08 IDR 102.60 IDR 63
Residual Income 240.91 IDR 229.20 IDR 182.54 IDR 61
P/B Multiple 80.50 IDR 107.34 IDR 134.17 IDR 55
All 4 models by family
Multiples
P/E Multiple 61.56 IDR 82.08 IDR 102.60 IDR 63
P/B Multiple 80.50 IDR 107.34 IDR 134.17 IDR 55
Asset-Based
NCAV (Graham) 169.27 IDR 226.82 IDR 338.54 IDR 50
Economic Profit
Residual Income 240.91 IDR 229.20 IDR 182.54 IDR 61

Widest divergence: Economic Profit (229.20 IDR) versus Multiples (82.08 IDR). Highest evidence: P/E Multiple (63).

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Key figures & financial health

Revenue (TTM) 1.3T IDR
Revenue growth (YoY) +19.9%
Net margin 10.5%
Return on equity 2.0%
Free cash flow 96.0B IDR FY2025
P/E ratio 15.7
More key figures
Operating margin 12.2%
EPS (TTM) 6.58 IDR
EPS growth (YoY) +27.2%
Net cash 2.5T IDR FY2025

Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 47 · Market factors (momentum, volatility) 26

Profitability 17
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 41
Earnings quality: real cash, not paper profit
Fin. Strength 45
Balance sheet, leverage, solvency risk
Investment 49
Disciplined investing over empire-building
Low Volatility 52
Calm price path (market factor)
Momentum 14
Price trend over the last 3–12 months (market factor)
52W Momentum 18
Distance to the 52-week high (market factor)
Net Issuance 90
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 Bank Capital Indonesia Tbk provides various banking products and services in Indonesia. The company offers current accounts, savings accounts, and time deposits in both Rupiah and foreign currencies, as well as placements with Bank Indonesia and other banks, marketable securities, and loans to individuals, corporations, and households.

Full company description

PT Bank Capital Indonesia Tbk provides various banking products and services in Indonesia. The company offers current accounts, savings accounts, and time deposits in both Rupiah and foreign currencies, as well as placements with Bank Indonesia and other banks, marketable securities, and loans to individuals, corporations, and households. It also offers trade finance, treasury services, and payment system solutions, including electronic banking and ATM network. In addition, the company provides loan restructuring, clearing, foreign currency, export and import, payroll, facility and security agent, pick-up, internet and mobile banking services. The company was formerly known as PT Bank Credit Lyonnais Indonesia and changed its name to PT Bank Capital Indonesia Tbk in September 2004. PT Bank Capital Indonesia Tbk was founded in 1989 and is headquartered in Jakarta Selatan, Indonesia. PT Bank Capital Indonesia Tbk operates as a subsidiary of Pt Capital Global Investama.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Bank Capital Indonesia Tbk reported revenue of 2.1T IDR in FY2025 versus 1.8T IDR in FY2021, a compound +4.5%/yr. Reported net income was 126B IDR in FY2025, compounding +38.0%/yr from FY2021.

Growth Quality 75/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
2.1T IDR
Latest YoY
+9.8%
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.
+11.5%
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.
+7.7%
Avg. growth/yr (19Y) 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.
+25.9%
Revenue +4.5%/yr
FY21 1.8T IDR
FY22 1.5T IDR
FY23 1.8T IDR
FY24 1.9T IDR
FY25 2.1T IDR
Net income +38.0%/yr
FY21 34.8B IDR
FY22 32.1B IDR
FY23 102B IDR
FY24 109B IDR
FY25 126B IDR
Character of growth · EPS growth decomposed (2014-2025) −8.2 % p.a.
Revenue per share −4.9 pp

of which total revenue +6.7 pp · buybacks/dilution −11.5 pp

EBIT margin −3.7 pp
Tax rate +0.3 pp
Residual (interest, one-offs) +0.2 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

BACA screens 30% overvalued. Compare with KB Financial Group →

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Cite: Fair Value Calculator (2026). "PT Bank Capital Indonesia Tbk Fair Value". https://www.fairvalue-calculator.com/stock/BACA

Peer Group

Banks - Regional · 1083 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 49 · Below median
Fair Value upside −30% · Bottom 25%
Return on equity (TTM) 2% · Bottom 25%
Return on assets 1% · Bottom 25%
Net margin (TTM) 10% · Bottom 25%
Operating margin (TTM) 12% · Bottom 25%
Revenue growth 20% · Top 25%

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 15.7× · Pricier than 75% of peers
P/B 0.30× · Cheaper than 75% of peers
P/S (TTM) 1.64× · Cheaper than 75% of peers
P/FCF 0.0× · Cheaper 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 39
FUTURE 100 · sector 44
PAST 8 · sector 41
HEALTH 100 · sector 85
DIVIDEND 0 · sector 49

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 Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).

Stock Price Fair Value vs Fair Value
PT Bank Central Asia Tbk BBCA 6,175 IDR 6,087 IDR -1%
KB Financial Group 105560 184,400 KRW 213,797 KRW +16%
PT Bank Rakyat Indonesia (Persero) Tbk BBRI 2,970 IDR 4,891 IDR +65%
PT Bank Mandiri (Persero) Tbk BMRI 4,310 IDR 7,841 IDR +82%
Banco Bradesco S.A BBD 5,120 ARS 10,240 ARS +100%
Shinhan Financial Group 055550 107,900 KRW 137,259 KRW +27%
Hana Financial Group 086790 136,800 KRW 193,969 KRW +42%
Lloyds Banking Group LYG 4,138 ARS 8,275 ARS +100%
Banco de Chile, CHILE 193.10 CLP 152.55 CLP -21%
Joint Stock Commercial Bank for Foreign Trade of Vietnam, VCB 59,400 VND 84,201 VND +42%

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Frequently asked questions

Is PT Bank Capital Indonesia Tbk (BACA) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of 82.08 IDR versus a price of 117.00 IDR, about −30% (overvalued).
What is the fair value of BACA?
Our model-based fair value for PT Bank Capital Indonesia Tbk is 82.08 IDR (as of Jul 11, 2026), built from audited fundamentals. The current price is 117.00 IDR.
What is the quality score of BACA?
PT Bank Capital Indonesia Tbk has a Quality Score of 47/100. 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 Bank Capital Indonesia Tbk (BACA)?
PT Bank Capital Indonesia Tbk reported trailing-twelve-month revenue of about 1.3T IDR (latest available figure, as of Jul 11, 2026).
What is the net profit margin of BACA?
The net profit margin of PT Bank Capital Indonesia Tbk is about 10.5%, meaning it keeps roughly 10.5% 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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