Bank Capital Indonesia Tbk (BACA) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Bank Capital Indonesia Tbk IDR 94, price IDR 117, upside -20.0%, quality 47 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 99.00 IDR – 540.00 IDR · fair‑value band 70.20 IDR – 117.00 IDR · the 117.00 IDR price screens above the 93.60 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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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.
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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.
Stock analysis
Bank Capital Indonesia Tbk (BACA) currently trades at 117.00 IDR, while our model-based Fair Value estimate is 93.60 IDR, implying the stock looks roughly 25.0% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 226.82 IDR per share, and 2 of the 4 models we run sit above the 117.00 IDR price.
Bear case: the Multiples group reads lowest at 82.08 IDR, and 2 of the 4 models stay below the price. Evidence for this calculation is low.
Scenario range: 70.20 IDR (bear) to 117.00 IDR (bull), the price of 117.00 IDR sits inside 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 47/100 (below-average quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
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.
Key figures
Market cap 2.3T IDR (≈ $233M) · P/E ratio 17.8 · P/S ratio 1.06 · EPS (TTM) 6.58 IDR · Net margin 5.9% · Return on equity 2.0% · Return on assets (EBIT) 0.5% · Operating margin 12.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 54% below its 52-week high and 18% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −38% fair-value upside, at −20%, BACA screens cheaper than that median.
Fair Value models
Bear 70.20 IDRFair Value 93.60 IDRBull 117.00 IDR
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (4.81 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.Evidence ⓘEvidence = 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.75/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+9.8%
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.
+11.5%
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.
+7.7%
Start year 2020 (pandemic). Over 10 years: +6.3% a year
Revenue growth 19 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.
+25.9%
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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.
+6.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.5%
Dividend (yield on the price)0.0%
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.7% vs −6%, 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.5% → 8%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 2.8%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Little optimism in the price
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).
less than -40 %
Yearly growth needed for the next five years to justify today's price.
Compare Bank Capital Indonesia 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.Banks - Regional · 1074 stocks
Beats the industry median on 4/11 measures
Overall it trails its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside−20% · Below median
Profitability
Return on equity (TTM)2% · Bottom 25%
Return on assets1% · Bottom 25%
Net margin (TTM)10% · Bottom 25%
Operating margin (TTM)12% · Bottom 25%
Growth and dividend
Revenue growth20% · Top 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
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). "Bank Capital Indonesia Tbk Fair Value". https://www.fairvalue-calculator.com/stock/BACA
Frequently asked questions
Is Bank Capital Indonesia Tbk (BACA) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 93.60 IDR versus a price of 117.00 IDR, about −20% upside (overvalued).
What is the fair value of BACA?
Our model-based fair value for Bank Capital Indonesia Tbk is 93.60 IDR (as of Sep 24, 2026), built from audited fundamentals. The current price: 117.00 IDR.
What is the quality score of BACA?
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 price target for Bank Capital Indonesia Tbk (BACA)?
Our model-based price target is the fair value of 93.60 IDR (as of Sep 24, 2026) from 4 valuation models. Cautious scenario 70.20 IDR, optimistic scenario 117.00 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Bank Capital Indonesia Tbk stock forecast for 2026?
Our models put fair value at 93.60 IDR, about −20% upside versus a price of 117.00 IDR (overvalued). Cautious scenario 70.20 IDR, optimistic scenario 117.00 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Bank Capital Indonesia Tbk (BACA)?
Bank Capital Indonesia Tbk reported trailing-twelve-month revenue of about 1.3T IDR (latest available figure, as of Sep 24, 2026).
What growth is priced into Bank Capital Indonesia Tbk (BACA)?
For today's price to be fair in a discounted-cash-flow model, Bank Capital Indonesia Tbk would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 13.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.7 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of BACA use?
Our models discount Bank Capital Indonesia Tbk at 13.5 %: a base by market capitalisation (micro), damped by beta 0.33, 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 Bank Capital Indonesia Tbk that is less than minus 40 % per year a year over ten years, using the same discount rate (13.5 %) and the same formula as our fair value.
How much growth has Bank Capital Indonesia Tbk (BACA) delivered so far?
Over the past 5 years revenue at Bank Capital Indonesia Tbk grew +7.7 % a year. The price currently implies less than minus 40 % per year free-cash-flow growth a 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 Bank Capital Indonesia Tbk (BACA) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into Bank Capital Indonesia Tbk (less than minus 40 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Bank Capital Indonesia Tbk (BACA)?
The free-cash-flow yield on the price is 4.11 %: that much free cash flow Bank Capital Indonesia Tbk produces per unit of market value. When it exceeds the discount rate of our models (13.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Bank Capital Indonesia Tbk (BACA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bank Capital Indonesia Tbk it is 93.60 IDR per share (as of Sep 24, 2026), against a price of 117.00 IDR. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Bank Capital Indonesia Tbk stock overvalued or undervalued in 2026?
As of Sep 24, 2026, BACA trades above its calculated fair value: price 117.00 IDR, fair value 93.60 IDR, a gap of about −20% (overvalued). 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 BACA?
No. The price is what the market pays today (117.00 IDR); the fair value is what the company's own numbers justify (93.60 IDR). For Bank Capital Indonesia Tbk the two are 23.40 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Bank Capital Indonesia Tbk worth?
The market values Bank Capital Indonesia Tbk at about 2.3T IDR (market capitalisation, as of Sep 24, 2026). Per share that is 117.00 IDR; our models calculate a fair value of 93.60 IDR per share.
What do the bullish and bearish scenarios say about BACA?
Our models span a range for Bank Capital Indonesia Tbk: cautious scenario 70.20 IDR, base 93.60 IDR, optimistic 117.00 IDR per share (as of Sep 24, 2026, price 117.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BACA?
Bank Capital Indonesia Tbk trades at a price-to-earnings ratio of 17.8 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 93.60 IDR is built from several models across several years. Other multiples: P/B 0.4, P/S 1.9.
How solid is the balance sheet of Bank Capital Indonesia Tbk (BACA)?
Balance-sheet figures for Bank Capital Indonesia Tbk (as of Sep 24, 2026): return on equity 2.0%. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is BACA from its 52-week high?
Bank Capital Indonesia Tbk trades at 117.00 IDR, about 54% below its 52-week high of 252.00 IDR and 18% above the low of 99.00 IDR (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 93.60 IDR is for.
Which stocks are comparable to Bank Capital Indonesia Tbk?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, Intesa Sanpaolo S.p.A, HDFC Bank 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 Bank Capital Indonesia Tbk stock attractive at the current price?
The data as of Sep 24, 2026: price 117.00 IDR, calculated fair value 93.60 IDR (−20%), Quality Score 47/100, from 4 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 BACA calculated?
We run Bank Capital Indonesia Tbk through 4 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 93.60 IDR, 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 14.1 % above its aggregate fair value. Bank Capital Indonesia Tbk itself currently trades above fair value. 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 Bank Capital Indonesia Tbk (BACA)?
The closing price on Sep 23, 2026 was 117.00 IDR. Our model-based fair value is 93.60 IDR, about −20% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bank Capital Indonesia Tbk right now?
Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Bank Capital Indonesia Tbk (BACA) come from?
Earnings per share at Bank Capital Indonesia Tbk grew −8.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share −4.9 %, EBIT margin −3.7 %, tax rate +0.3 %, residual (interest, one-offs) +0.0 %. 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 Bank Capital Indonesia Tbk
How large is the market capitalisation of Bank Capital Indonesia Tbk (BACA)?
The market capitalisation of Bank Capital Indonesia Tbk is 2.3T IDR (≈ $233M). 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 Bank Capital Indonesia Tbk (BACA)?
The price-to-sales ratio of Bank Capital Indonesia Tbk is 1.06 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Bank Capital Indonesia Tbk (BACA)?
Earnings per share at Bank Capital Indonesia Tbk are 6.58 IDR (price ÷ EPS = P/E 17.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Bank Capital Indonesia Tbk (BACA)?
The net margin of Bank Capital Indonesia Tbk is 5.9% (fiscal year 2025). 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 Bank Capital Indonesia Tbk (BACA)?
The return on equity (ROE) of Bank Capital Indonesia Tbk is 2.0% (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 Bank Capital Indonesia Tbk (BACA)?
On an EBIT basis the return on assets of Bank Capital Indonesia Tbk is 0.5% (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 Bank Capital Indonesia Tbk (BACA)?
The operating margin of Bank Capital Indonesia Tbk is 12.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bank Capital Indonesia Tbk (BACA)?
Revenue at Bank Capital Indonesia Tbk is growing +19.9% versus a year earlier (3y avg +11.5%). 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 Bank Capital Indonesia Tbk (BACA)?
Earnings per share at Bank Capital Indonesia Tbk are growing +27.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Bank Capital Indonesia Tbk (BACA) hold?
Bank Capital Indonesia Tbk holds more cash than debt, 2.5T IDR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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