PT Batulicin Nusantara Maritim Tbk (BESS) Fair Value & Analysis
Industrials · ID · Market cap 3.2T IDR
Fair value as of: Jul 13, 2026
From 24 valuation models · updated 28 days ago
Fair value updated Jul 13, 2026, revised from 388.22 IDR to 368.17 IDR (−5.2%) since Jun 24, 2026. Share price −2.7% over the past month.
A strong business, but screening 60% overvalued on our models.
What matters now
- A high-quality business (quality 81/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- The price sits above even our optimistic bull case (447.85 IDR). The favourable scenario is already priced in.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.
How to read this chart
60‑month range 132.37 IDR – 2,010 IDR · fair‑value band 288.50 IDR – 447.85 IDR · the 910.00 IDR price screens above the 368.17 IDR fair value. Dashed = 300-day average. As of Jul 13, 2026.
Analysis
PT Batulicin Nusantara Maritim Tbk (BESS) currently trades at 910.00 IDR, while our model-based Fair Value estimate is 368.17 IDR, implying the stock looks roughly 59.5% overvalued today. The Quality Score stands at 81/100 (high quality), in the Industrials 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 Batulicin Nusantara Maritim Tbk generated revenue of 305B IDR at a net margin of 9.3%. Revenue declined 47.1% year over year. It earns a return on equity of 4.3%. The balance sheet holds a net cash position of 170B IDR. Fundamentals as of Jul 13, 2026
Our scenario range runs from 288.50 IDR (bear case) to 447.85 IDR (bull case); at 910.00 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 59% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 67% fair-value upside, at -60%, BESS 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.
All 24 models by family
Widest divergence: DCF Models (667.50 IDR) versus Asset-Based (128.63 IDR). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 81 · Market factors (momentum, volatility) 27
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 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.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
PT Batulicin Nusantara Maritim Tbk 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.
BESS screens 60% overvalued. Compare with Adani Ports and Special Economic Zone Limited →
Peer Group
Marine Shipping · 231 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.
Valuation Multiples vs Marine Shipping median · lower = cheaper
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: 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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Marine Shipping stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Adani Ports and Special Economic Zone Limited ADANIPORTS | ₹1,828 | ₹1,041 | -43% |
| A.P. Møller - Mærsk A/S MAERSKA | kr 16,520 | kr 3,033 | -82% |
| COSCO SHIPPING Holdings 601919 | ¥13.98 | ¥40.37 | +189% |
| Shanghai International Port (Group) Co 600018 | ¥5.17 | ¥6.57 | +27% |
| HMM Co 011200 | 20,050 KRW | 33,855 KRW | +69% |
| Ningbo Zhoushan Port Company 601018 | ¥3.35 | ¥5.58 | +67% |
| Qingdao Port International Co 601298 | ¥8.88 | ¥15.97 | +80% |
| JSW Infrastructure Limited JSWINFRA | ₹330.05 | ₹126.31 | -62% |
| Wan Hai Lines Ltd 2615 | 80.70 TWD | 212.79 TWD | +164% |
| Wallenius Wilhelmsen ASA WAWI | kr 137.70 | kr 50.56 | -63% |
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Frequently asked questions
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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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