PT Jobubu Jarum Minahasa Tbk (BEER) fair value: what the stock is really worth
As of Oct 30, 2026: fair value (intrinsic value) of PT Jobubu Jarum Minahasa Tbk stock IDR 7, price IDR 46, upside -84.9%, quality 37 out of 100. Rating: strongly overvalued. 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. As of Oct 30, 2026.
How to read this chart
46‑month range 46.00 IDR – 373.99 IDR · fair‑value band 3.92 IDR – 9.94 IDR · the 46.00 IDR price screens above the 6.93 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 30, 2026.
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PT Jobubu Jarum Minahasa Tbk produces and sells alcoholic beverages in Indonesia. It offers its products under the Cap Tikus 1978, Daebak Soju, and Daebak Spark brand names. The company was founded in 2018 and is headquartered in Minahasa, Indonesia.
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PT Jobubu Jarum Minahasa Tbk operates as a subsidiary of PT Maju Beverage Minahasa.
Stock analysis
PT Jobubu Jarum Minahasa Tbk (BEER) currently trades at 46.00 IDR, while our model-based Fair Value estimate is 6.93 IDR, 84.9% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 54.66 IDR per share, and 2 of the 12 models we run sit above the 46.00 IDR price.
Bear case: the Earnings-Based group reads lowest at 1.83 IDR, and 10 of the 12 models stay below the price. Data coverage for this calculation is low.
Scenario range: 3.92 IDR (bear) to 9.94 IDR (bull), the price of 46.00 IDR sits above 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 37/100 (below-average quality), in the Consumer Defensive sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
PT Jobubu Jarum Minahasa Tbk reported revenue of 36.0B IDR in FY2025 versus 34.3B IDR in FY2021, a compound +1.2%/yr. Reported net income was 883M IDR in FY2025, compounding −45.5%/yr from FY2021.
Key figures
Market cap 184B IDR (≈ $10.1M) Micro · P/S ratio 5.13 · Net margin 2.5% · Return on equity 0.4% · Return on assets (EBIT) 12.7% · Operating margin 17.1% · Revenue (TTM) 37.4B IDR · Revenue growth (YoY) +47.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 33 out of 100 (low confidence).
What moves the price
The share trades about 82% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 44% fair-value upside, at −85%, BEER screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (1.83 IDR to 321.23 IDR). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear3.92 IDRFair Value 6.93 IDRBull9.94 IDR
Price 46.00 IDR · Upside -84.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
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.
+9.8%
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.
+34.4%
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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.
−18.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−18.8%
Dividend (yield on the price)0.0%
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.10% → 9%
Compare PT Jobubu Jarum Minahasa Tbk 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.Beverages - Wineries & Distilleries · 93 stocks
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Is PT Jobubu Jarum Minahasa Tbk (BEER) overvalued or undervalued?
As of Oct 30, 2026, our model estimates a fair value of 6.93 IDR versus a price of 46.00 IDR, about −85% upside (overvalued).
What is the fair value of BEER?
Our model-based fair value for PT Jobubu Jarum Minahasa Tbk is 6.93 IDR (as of Oct 30, 2026), built from audited fundamentals. The current price: 46.00 IDR.
What is the quality score of BEER?
PT Jobubu Jarum Minahasa Tbk has a Quality Score of 37/100. 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 PT Jobubu Jarum Minahasa Tbk (BEER)?
Our model-based price target is the fair value of 6.93 IDR (as of Oct 30, 2026) from 12 valuation models. Cautious scenario 3.92 IDR, optimistic scenario 9.94 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the PT Jobubu Jarum Minahasa Tbk stock forecast for 2026?
Our models put fair value at 6.93 IDR, about −85% upside versus a price of 46.00 IDR (overvalued). Cautious scenario 3.92 IDR, optimistic scenario 9.94 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of PT Jobubu Jarum Minahasa Tbk (BEER)?
PT Jobubu Jarum Minahasa Tbk reported trailing-twelve-month revenue of about 37.4B IDR (latest available figure, as of Oct 30, 2026).
What is the intrinsic value of PT Jobubu Jarum Minahasa Tbk (BEER)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For PT Jobubu Jarum Minahasa Tbk it is 6.93 IDR per share (as of Oct 30, 2026), against a price of 46.00 IDR. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is PT Jobubu Jarum Minahasa Tbk stock overvalued or undervalued in 2026?
As of Oct 30, 2026, BEER trades above its calculated fair value: price 46.00 IDR, fair value 6.93 IDR, a gap of about −85% (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 BEER?
No. The price is what the market pays today (46.00 IDR); the fair value is what the company's own numbers justify (6.93 IDR). For PT Jobubu Jarum Minahasa Tbk the two are 39.07 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is PT Jobubu Jarum Minahasa Tbk worth?
The market values PT Jobubu Jarum Minahasa Tbk at about 184B IDR (market capitalisation, as of Oct 30, 2026). Per share that is 46.00 IDR; our models calculate a fair value of 6.93 IDR per share.
What do the bullish and bearish scenarios say about BEER?
Our models span a range for PT Jobubu Jarum Minahasa Tbk: cautious scenario 3.92 IDR, base 6.93 IDR, optimistic 9.94 IDR per share (as of Oct 30, 2026, price 46.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of PT Jobubu Jarum Minahasa Tbk (BEER)?
Balance-sheet figures for PT Jobubu Jarum Minahasa Tbk (as of Oct 30, 2026): return on equity 0.4%. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is BEER from its 52-week high?
PT Jobubu Jarum Minahasa Tbk trades at 46.00 IDR, about 82% below its 52-week high of 260.00 IDR and at the low of 46.00 IDR (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of 6.93 IDR is for.
Which stocks are comparable to PT Jobubu Jarum Minahasa Tbk?
From the same area (Consumer Defensive) we also value Kweichow Moutai Co, Wuliangye Yibin Co, Shanxi Xinghuacun Fen Wine Factory Co, Pernod Ricard SA, 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 PT Jobubu Jarum Minahasa Tbk stock attractive at the current price?
The data as of Oct 30, 2026: price 46.00 IDR, calculated fair value 6.93 IDR (−85%), Quality Score 37/100, from 12 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 BEER calculated?
We run PT Jobubu Jarum Minahasa Tbk through 12 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 6.93 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 13.4 % above its aggregate fair value. PT Jobubu Jarum Minahasa 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 PT Jobubu Jarum Minahasa Tbk (BEER)?
The closing price on Oct 30, 2026 was 46.00 IDR. Our model-based fair value is 6.93 IDR, about −85% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with PT Jobubu Jarum Minahasa Tbk right now?
The price sits above even our optimistic bull case (9.94 IDR). The favourable scenario is already priced in. Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (3.92 IDR to 9.94 IDR) leaves room in how you read the outcome.
Key figures of PT Jobubu Jarum Minahasa Tbk
How large is the market capitalisation of PT Jobubu Jarum Minahasa Tbk (BEER)?
The market capitalisation of PT Jobubu Jarum Minahasa Tbk is 184B IDR (≈ $10.1M). 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 PT Jobubu Jarum Minahasa Tbk (BEER)?
The price-to-sales ratio of PT Jobubu Jarum Minahasa Tbk is 5.13 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of PT Jobubu Jarum Minahasa Tbk (BEER)?
The net margin of PT Jobubu Jarum Minahasa Tbk is 2.5% (last twelve months). 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 PT Jobubu Jarum Minahasa Tbk (BEER)?
The return on equity (ROE) of PT Jobubu Jarum Minahasa Tbk is 0.4% (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 PT Jobubu Jarum Minahasa Tbk (BEER)?
On an EBIT basis the return on assets of PT Jobubu Jarum Minahasa Tbk is 12.7% (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 PT Jobubu Jarum Minahasa Tbk (BEER)?
The operating margin of PT Jobubu Jarum Minahasa Tbk is 17.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at PT Jobubu Jarum Minahasa Tbk (BEER)?
Revenue at PT Jobubu Jarum Minahasa Tbk is growing +47.3% versus a year earlier (3y avg −10.5%). 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 PT Jobubu Jarum Minahasa Tbk (BEER)?
Earnings per share at PT Jobubu Jarum Minahasa Tbk are growing +27.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does PT Jobubu Jarum Minahasa Tbk (BEER) generate?
The free cash flow of PT Jobubu Jarum Minahasa Tbk is −9.4B IDR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does PT Jobubu Jarum Minahasa Tbk (BEER) carry?
The net debt of PT Jobubu Jarum Minahasa Tbk is 12.4B IDR (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Oct 30, 2026