Pelayaran Nasional Bina Buana Raya (BBRM) fair value: what the stock is really worth
As of Oct 16, 2026: fair value (intrinsic value) of Pelayaran Nasional Bina Buana Raya stock IDR 141, price IDR 87, upside +61.6%, quality 58 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 17, 2026.
How to read this chart
60‑month range 50.00 IDR – 268.00 IDR · fair‑value band 106.03 IDR – 177.79 IDR · the 87.00 IDR price screens below the 140.58 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 17, 2026.
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PT Pelayaran Nasional Bina Buana Raya Tbk, a shipping company, provides marine, logistics, and offshore support services in Indonesia. The company operates through Tugboat and Barge; and Offshore Support Vessel segments.
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It engages in the rental of self-propelled barge and offshore support vessels; and charting of its vessels. PT Pelayaran Nasional Bina Buana Raya Tbk was incorporated in 1998 and is headquartered in Jakarta Pusat, Indonesia.
Stock analysis
Pelayaran Nasional Bina Buana Raya (BBRM) currently trades at 87.00 IDR, while our model-based Fair Value estimate is 140.58 IDR, implying the stock looks roughly 38.1% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 216.67 IDR per share, and 18 of the 22 models we run sit above the 87.00 IDR price.
Bear case: the Asset-Based group reads lowest at 62.99 IDR, and 4 of the 22 models stay below the price. Data coverage for this calculation is low.
Scenario range: 106.03 IDR (bear) to 177.79 IDR (bull), the price of 87.00 IDR sits below 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 58/100 (solid quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Pelayaran Nasional Bina Buana Raya reported revenue of $13.6M in FY2025 versus $7.6M in FY2021, a compound +15.9%/yr. Reported net income was $6.2M in FY2025, compounding +74.2%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 737B IDR (≈ $41.1M) · P/E ratio 6.9 · P/S ratio 3.12 · EPS (TTM) 12.67 IDR · Net margin 45.4% · Return on equity 14.9% · Return on assets (EBIT) 9.6% · Operating margin 46.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 79 out of 100 (low confidence).
What moves the price
The share trades about 68% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 53% fair-value upside, at 62%, BBRM screens cheaper than that median.
Fair Value models
Bear106.03 IDRFair Value 140.58 IDRBull177.79 IDR
Price 87.00 IDR · Upside +61.6%
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 10 months old). Earnings retained since then (10.07 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.61/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+1.6%
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.
+13.5%
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.
+3.8%
Start year 2020 (pandemic). Over 10 years: −5.7% a year
Revenue growth 15 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.
+5.6%
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What shareholders gained per year (last 5 years) ⓘ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. Basis: EBIT basis.
≈ +29.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+29.2%
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.42.2% vs 49.3%, slowing
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.−80% → 40%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 17.9%/yr over ~10Y (margins intact) ⓘ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.
⚠ Rate on operating basis: 2025 sits 53% above its own trend.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
−1.8%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −4.0% a year for the price.
Compare Pelayaran Nasional Bina Buana Raya with another stock
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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.Marine Shipping · 227 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside+61.6% · Top 25%
Profitability
Return on equity (12 months)14.9% · Above median
Return on assets12.7% · Top 25%
Net margin (12 months)48.3% · Top 25%
Operating margin (12 months)46.5% · Top 25%
Growth and dividend
Revenue growth−2.1% · Bottom 25%
Balance sheet
Debt / equity0.05× · Lowest 25%
Valuation Multiplesvs Marine Shipping 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). "Pelayaran Nasional Bina Buana Raya Fair Value". https://www.fairvalue-calculator.com/stock/BBRM
Frequently asked questions
Is Pelayaran Nasional Bina Buana Raya (BBRM) overvalued or undervalued?
As of Oct 17, 2026, our model estimates a fair value of 140.58 IDR versus a price of 87.00 IDR, about +62% upside (undervalued).
What is the fair value of BBRM?
Our model-based fair value for Pelayaran Nasional Bina Buana Raya is 140.58 IDR (as of Oct 17, 2026), built from audited fundamentals. The current price: 87.00 IDR.
What is the quality score of BBRM?
Pelayaran Nasional Bina Buana Raya has a Quality Score of 58/100. 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 Pelayaran Nasional Bina Buana Raya (BBRM)?
Our model-based price target is the fair value of 140.58 IDR (as of Oct 17, 2026) from 22 valuation models. Cautious scenario 106.03 IDR, optimistic scenario 177.79 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Pelayaran Nasional Bina Buana Raya stock forecast for 2026?
Our models put fair value at 140.58 IDR, about +62% upside versus a price of 87.00 IDR (undervalued). Cautious scenario 106.03 IDR, optimistic scenario 177.79 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Pelayaran Nasional Bina Buana Raya (BBRM)?
Pelayaran Nasional Bina Buana Raya reported trailing-twelve-month revenue of about $13.6M (latest available figure, as of Oct 17, 2026).
What growth is priced into Pelayaran Nasional Bina Buana Raya (BBRM)?
For today's price to be fair in a discounted-cash-flow model, Pelayaran Nasional Bina Buana Raya would have to grow free cash flow by -1.8 % per year for five years (discount rate 10.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.8 % per year. As of Oct 17, 2026.
What discount rate (WACC) does the fair value of BBRM use?
Our models discount Pelayaran Nasional Bina Buana Raya at 10.8 %: a base by market capitalisation (nano), damped by beta 0.60, 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 Pelayaran Nasional Bina Buana Raya that is -1.8 % per year a year over ten years, using the same discount rate (10.8 %) and the same formula as our fair value.
How much growth has Pelayaran Nasional Bina Buana Raya (BBRM) delivered so far?
Over the past 5 years revenue at Pelayaran Nasional Bina Buana Raya grew +3.8 % a year. The price currently implies -1.8 % 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 Pelayaran Nasional Bina Buana Raya (BBRM) growing?
The median revenue growth in the sector is +7.4 % a year. That is the yardstick for the growth priced into Pelayaran Nasional Bina Buana Raya (-1.8 % 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 Pelayaran Nasional Bina Buana Raya (BBRM)?
The free-cash-flow yield on the price is 7.95 %: that much free cash flow Pelayaran Nasional Bina Buana Raya produces per unit of market value. When it exceeds the discount rate of our models (10.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Pelayaran Nasional Bina Buana Raya (BBRM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Pelayaran Nasional Bina Buana Raya it is 140.58 IDR per share (as of Oct 17, 2026), against a price of 87.00 IDR. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is Pelayaran Nasional Bina Buana Raya stock overvalued or undervalued in 2026?
As of Oct 17, 2026, BBRM trades below its calculated fair value: price 87.00 IDR, fair value 140.58 IDR, a gap of about +62% (undervalued). 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 BBRM?
No. The price is what the market pays today (87.00 IDR); the fair value is what the company's own numbers justify (140.58 IDR). For Pelayaran Nasional Bina Buana Raya the two are 53.58 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Pelayaran Nasional Bina Buana Raya worth?
The market values Pelayaran Nasional Bina Buana Raya at about 737B IDR (market capitalisation, as of Oct 17, 2026). Per share that is 87.00 IDR; our models calculate a fair value of 140.58 IDR per share.
What do the bullish and bearish scenarios say about BBRM?
Our models span a range for Pelayaran Nasional Bina Buana Raya: cautious scenario 106.03 IDR, base 140.58 IDR, optimistic 177.79 IDR per share (as of Oct 17, 2026, price 87.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BBRM?
Pelayaran Nasional Bina Buana Raya trades at a price-to-earnings ratio of 6.9 (as of Oct 17, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 140.58 IDR is built from several models across several years. Other multiples: P/B 0.9, P/S 3.0, EV/EBITDA 4.1.
How solid is the balance sheet of Pelayaran Nasional Bina Buana Raya (BBRM)?
Balance-sheet figures for Pelayaran Nasional Bina Buana Raya (as of Oct 17, 2026): return on equity 14.9%, debt of 0.05 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is BBRM from its 52-week high?
Pelayaran Nasional Bina Buana Raya trades at 87.00 IDR, about 68% below its 52-week high of 268.00 IDR and 4% above the low of 84.00 IDR (as of Oct 16, 2026). Distance from the high says nothing about value: that is what the fair value of 140.58 IDR is for.
Which stocks are comparable to Pelayaran Nasional Bina Buana Raya?
From the same area (Industrials) we also value Adani Ports and Special Economic Zone Limited, COSCO SHIPPING Holdings, Hapag-Lloyd Aktiengesellschaft,, Shanghai International Port (Group) Co, 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 Pelayaran Nasional Bina Buana Raya stock attractive at the current price?
The data as of Oct 17, 2026: price 87.00 IDR, calculated fair value 140.58 IDR (+62%), Quality Score 58/100, from 22 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 BBRM calculated?
We run Pelayaran Nasional Bina Buana Raya through 22 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 140.58 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 14.4 % above its aggregate fair value. Pelayaran Nasional Bina Buana Raya currently trades 38 % below its own fair value, and the market average says nothing about that. 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 Pelayaran Nasional Bina Buana Raya (BBRM)?
The closing price on Oct 16, 2026 was 87.00 IDR. Our model-based fair value is 140.58 IDR, about +62% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Pelayaran Nasional Bina Buana Raya right now?
The price is below even our cautious bear case (106.03 IDR). The market is more pessimistic than our downside scenario. 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 quality (58/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Pelayaran Nasional Bina Buana Raya
How large is the market capitalisation of Pelayaran Nasional Bina Buana Raya (BBRM)?
The market capitalisation of Pelayaran Nasional Bina Buana Raya is 737B IDR (≈ $41.1M). 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 Pelayaran Nasional Bina Buana Raya (BBRM)?
The price-to-sales ratio of Pelayaran Nasional Bina Buana Raya is 3.12 (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 Pelayaran Nasional Bina Buana Raya (BBRM)?
Earnings per share at Pelayaran Nasional Bina Buana Raya are 12.67 IDR (price ÷ EPS = P/E 6.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Pelayaran Nasional Bina Buana Raya (BBRM)?
The net margin of Pelayaran Nasional Bina Buana Raya is 45.4% (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 Pelayaran Nasional Bina Buana Raya (BBRM)?
The return on equity (ROE) of Pelayaran Nasional Bina Buana Raya is 14.9% (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 Pelayaran Nasional Bina Buana Raya (BBRM)?
On an EBIT basis the return on assets of Pelayaran Nasional Bina Buana Raya is 9.6% (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 Pelayaran Nasional Bina Buana Raya (BBRM)?
The operating margin of Pelayaran Nasional Bina Buana Raya is 46.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Pelayaran Nasional Bina Buana Raya (BBRM)?
Revenue at Pelayaran Nasional Bina Buana Raya is growing −2.1% versus a year earlier (3y avg +13.5%). 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 Pelayaran Nasional Bina Buana Raya (BBRM)?
Earnings per share at Pelayaran Nasional Bina Buana Raya are growing +18.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Pelayaran Nasional Bina Buana Raya (BBRM) hold?
Pelayaran Nasional Bina Buana Raya holds more cash than debt, $9.2M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Oct 17, 2026