Batulicin Nusantara Maritim Tbk PT (BESS) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Batulicin Nusantara Maritim Tbk PT IDR 779, price IDR 830, upside -6.2%, quality 74 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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PT Batulicin Nusantara Maritim Tbk provides sea and river water transportation services in Indonesia. It transports goods from the company's tugboats and barges to the mother vessel. PT Batulicin Nusantara Maritim Tbk was founded in 2011 and is headquartered in Tanah Bumbu, Indonesia.
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PT Batulicin Nusantara Maritim Tbk provides sea and river water transportation services in Indonesia. It transports goods from the company's tugboats and barges to the mother vessel. PT Batulicin Nusantara Maritim Tbk was founded in 2011 and is headquartered in Tanah Bumbu, Indonesia. PT Batulicin Nusantara Maritim Tbk is a subsidiary of PT Batulicin Enam Sembilan Transportasi.
Stock analysis
Batulicin Nusantara Maritim Tbk PT (BESS) currently trades at 830.00 IDR, while our model-based Fair Value estimate is 778.76 IDR, implying the stock looks roughly 6.6% fairly valued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 571.83 IDR per share, and 0 of the 24 models we run sit above the 830.00 IDR price.
Bear case: the Asset-Based group reads lowest at 128.63 IDR, and 24 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: 577.00 IDR (bear) to 1,012 IDR (bull), the price of 830.00 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 74/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Batulicin Nusantara Maritim Tbk PT reported revenue of 354B IDR in FY2025 versus 404B IDR in FY2021, a compound −3.3%/yr. Reported net income was 63.6B IDR in FY2025, compounding −13.3%/yr from FY2021.
Key figures
Market cap 2.9T IDR (≈ $160M) · P/E ratio 254.6 · P/S ratio 45.8 · EPS (TTM) 3.26 IDR · Dividend yield 0.5% · Net margin 18.0% · Return on equity 1.7% · Return on assets (EBIT) 10.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 56% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 61% fair-value upside, at −6%, BESS screens richer than that median.
Fair Value models
Bear 577.00 IDRFair Value 778.76 IDRBull 1,012 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.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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+10.9%
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.
−4.5%
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.
+3.7%
Start year 2020 (pandemic)
Revenue growth 9 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.
+38.2%
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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.
−3.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−4.2%
Dividend (yield on the price)0.5%
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.−4% vs 35%, 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.24% → 18%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+19.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Indonesia: IMF forecast 2.6% a year to 2030, 2.9% from 2016 to 2025) that is about +16.1% a year for the price.
Compare Batulicin Nusantara Maritim Tbk PT 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.Marine Shipping · 233 stocks
Beats the industry median on 3/14 measures
Overall it trails its industry peers.
Valuation
Quality Score74 · Top 25%
Fair Value upside−12% · Below median
Profitability
Return on equity (TTM)2% · Bottom 25%
Return on assets1% · Bottom 25%
Net margin (TTM)4% · Below median
Operating margin (TTM)−33% · Bottom 25%
Growth and dividend
Revenue growth−25% · Bottom 25%
Dividend yield (TTM)0.5% · Bottom 25%
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Marine Shipping median · lower = cheaper
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Is Batulicin Nusantara Maritim Tbk PT (BESS) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 778.76 IDR versus a price of 830.00 IDR, about −6% upside (fairly valued).
What is the fair value of BESS?
Our model-based fair value for Batulicin Nusantara Maritim Tbk PT is 778.76 IDR (as of Sep 24, 2026), built from audited fundamentals. The current price: 830.00 IDR.
What is the quality score of BESS?
Batulicin Nusantara Maritim Tbk PT has a Quality Score of 74/100. 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 Batulicin Nusantara Maritim Tbk PT (BESS)?
Our model-based price target is the fair value of 778.76 IDR (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 577.00 IDR, optimistic scenario 1,012 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Batulicin Nusantara Maritim Tbk PT stock forecast for 2026?
Our models put fair value at 778.76 IDR, about −6% upside versus a price of 830.00 IDR (fairly valued). Cautious scenario 577.00 IDR, optimistic scenario 1,012 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Batulicin Nusantara Maritim Tbk PT (BESS)?
Batulicin Nusantara Maritim Tbk PT reported trailing-twelve-month revenue of about 286B IDR (latest available figure, as of Sep 24, 2026).
Does Batulicin Nusantara Maritim Tbk PT pay a dividend?
Batulicin Nusantara Maritim Tbk PT currently shows a dividend yield of about 0.53% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Batulicin Nusantara Maritim Tbk PT (BESS)?
For today's price to be fair in a discounted-cash-flow model, Batulicin Nusantara Maritim Tbk PT would have to grow free cash flow by +19.1 % 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 +3.7 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of BESS use?
Our models discount Batulicin Nusantara Maritim Tbk PT at 13.5 %: a base by market capitalisation (micro), damped by beta 0.19, 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 Batulicin Nusantara Maritim Tbk PT that is +19.1 % 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 Batulicin Nusantara Maritim Tbk PT (BESS) delivered so far?
Over the past 5 years revenue at Batulicin Nusantara Maritim Tbk PT grew +3.7 % a year. The price currently implies +19.1 % 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 Batulicin Nusantara Maritim Tbk PT (BESS) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into Batulicin Nusantara Maritim Tbk PT (+19.1 % 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 Batulicin Nusantara Maritim Tbk PT (BESS)?
The free-cash-flow yield on the price is 4.48 %: that much free cash flow Batulicin Nusantara Maritim Tbk PT 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 Batulicin Nusantara Maritim Tbk PT (BESS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Batulicin Nusantara Maritim Tbk PT it is 778.76 IDR per share (as of Sep 24, 2026), against a price of 830.00 IDR. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Batulicin Nusantara Maritim Tbk PT stock overvalued or undervalued in 2026?
As of Sep 24, 2026, BESS trades above its calculated fair value: price 830.00 IDR, fair value 778.76 IDR, a gap of about −6% (fairly valued). 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 BESS?
No. The price is what the market pays today (830.00 IDR); the fair value is what the company's own numbers justify (778.76 IDR). For Batulicin Nusantara Maritim Tbk PT the two are 51.24 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Batulicin Nusantara Maritim Tbk PT worth?
The market values Batulicin Nusantara Maritim Tbk PT at about 2.9T IDR (market capitalisation, as of Sep 24, 2026). Per share that is 830.00 IDR; our models calculate a fair value of 778.76 IDR per share.
What do the bullish and bearish scenarios say about BESS?
Our models span a range for Batulicin Nusantara Maritim Tbk PT: cautious scenario 577.00 IDR, base 778.76 IDR, optimistic 1,012 IDR per share (as of Sep 24, 2026, price 830.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BESS?
Batulicin Nusantara Maritim Tbk PT trades at a price-to-earnings ratio of 254.6 (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 778.76 IDR is built from several models across several years. Other multiples: P/B 4.6, P/S 10.6, EV/EBITDA 56.2.
How solid is the balance sheet of Batulicin Nusantara Maritim Tbk PT (BESS)?
Balance-sheet figures for Batulicin Nusantara Maritim Tbk PT (as of Sep 24, 2026): return on equity 1.7%, debt of 0.00 per unit of equity. They feed the Quality Score of 74/100, which measures business quality independently of the share price.
How far is BESS from its 52-week high?
Batulicin Nusantara Maritim Tbk PT trades at 830.00 IDR, about 56% below its 52-week high of 1,871 IDR and at the low of 830.00 IDR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 778.76 IDR is for.
Which stocks are comparable to Batulicin Nusantara Maritim Tbk PT?
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 Batulicin Nusantara Maritim Tbk PT stock attractive at the current price?
The data as of Sep 24, 2026: price 830.00 IDR, calculated fair value 778.76 IDR (−6%), Quality Score 74/100, from 24 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 BESS calculated?
We run Batulicin Nusantara Maritim Tbk PT through 24 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 778.76 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 13.0 % above its aggregate fair value. Batulicin Nusantara Maritim Tbk PT 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 Batulicin Nusantara Maritim Tbk PT (BESS)?
The closing price on Sep 24, 2026 was 830.00 IDR. Our model-based fair value is 778.76 IDR, about −6% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Batulicin Nusantara Maritim Tbk PT right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Batulicin Nusantara Maritim Tbk PT
How large is the market capitalisation of Batulicin Nusantara Maritim Tbk PT (BESS)?
The market capitalisation of Batulicin Nusantara Maritim Tbk PT is 2.9T IDR (≈ $160M). 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 Batulicin Nusantara Maritim Tbk PT (BESS)?
The price-to-sales ratio of Batulicin Nusantara Maritim Tbk PT is 45.8 (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 Batulicin Nusantara Maritim Tbk PT (BESS)?
Earnings per share at Batulicin Nusantara Maritim Tbk PT are 3.26 IDR (price ÷ EPS = P/E 254.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Batulicin Nusantara Maritim Tbk PT (BESS)?
The dividend yield of Batulicin Nusantara Maritim Tbk PT is 0.5% (payout 134%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Batulicin Nusantara Maritim Tbk PT (BESS)?
The net margin of Batulicin Nusantara Maritim Tbk PT is 18.0% (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 Batulicin Nusantara Maritim Tbk PT (BESS)?
The return on equity (ROE) of Batulicin Nusantara Maritim Tbk PT is 1.7% (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 Batulicin Nusantara Maritim Tbk PT (BESS)?
On an EBIT basis the return on assets of Batulicin Nusantara Maritim Tbk PT is 10.3% (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 Batulicin Nusantara Maritim Tbk PT (BESS)?
The operating margin of Batulicin Nusantara Maritim Tbk PT is −32.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Batulicin Nusantara Maritim Tbk PT (BESS)?
Revenue at Batulicin Nusantara Maritim Tbk PT is growing −25.1% versus a year earlier (3y avg −4.5%). 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 Batulicin Nusantara Maritim Tbk PT (BESS)?
Earnings per share at Batulicin Nusantara Maritim Tbk PT are growing −80.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Batulicin Nusantara Maritim Tbk PT (BESS) hold?
Batulicin Nusantara Maritim Tbk PT holds more cash than debt, 170B IDR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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