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PT. Primarindo Asia Infrastructure, Tbk. (BIMA) Fair Value & Analysis

Consumer Cyclical · ID · Market cap 49.9B IDR

PP PT. Primarindo Asia Infrastructure, Tbk. BIMA · JK
Price82.00 IDR
Fair Value42.13 IDR
Upside-48.6%
Quality48/100
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Evidence: Low Range 31.44 IDR – 62.87 IDR

Fair value as of: Jul 14, 2026

From 1 valuation models · updated today

Fair value updated Jul 14, 2026 — revised from 251.49 IDR to 42.13 IDR (−83.2%) since Jun 24, 2026.

Price vs Fair Value (12 months)

87.00 IDR 41.00 IDR Fair Value 42.13 IDR Jun 2025 Jun 2026

12‑month range 41.00 IDR – 87.00 IDR · fair‑value band 31.44 IDR – 62.87 IDR · the 82.00 IDR price screens above the 42.13 IDR fair value. As of Jul 14, 2026.

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Analysis

PT. Primarindo Asia Infrastructure, Tbk. (BIMA) currently trades at 82.00 IDR, while our model-based Fair Value estimate is 42.13 IDR — implying the stock looks roughly 48.6% overvalued today. We read business quality at 48/100 (below-average quality), in the Consumer Cyclical 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: low).

Over the trailing twelve months, PT. Primarindo Asia Infrastructure, Tbk. generated revenue of 105B IDR at a net margin of -21.8%. Revenue declined 16.2% year over year. It earns a return on equity of -50.8%. Net debt stands at 117B IDR. Fundamentals as of Jul 14, 2026

Our scenario range runs from 31.44 IDR (bear case) to 62.87 IDR (bull case); at 82.00 IDR, the current price sits above that range. The share trades about 7% below its 52-week high and 100% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 25% fair-value upside — at -49%, BIMA screens richer than that median.

Key figures & financial health

Revenue (TTM) 105B IDR
Revenue growth (YoY) -16.2%
Net margin -21.8%
Return on equity -50.8%
Free cash flow −459M IDR FY2024
Operating margin -31.6%
More key figures
EPS (TTM) -33.32 IDR
EPS growth (YoY) +60.8%
Net debt 117B IDR FY2024

Figures from reported company fundamentals (EODHD) · as of Jul 14, 2026. TTM = trailing twelve months.

About the company

PT. Primarindo Asia Infrastructure, Tbk. engages in the production and marketing of sports and casual shoes under the Tomkins brand name in Indonesia and internationally. It operates through two segments, Production and Sales of Shoes. The company also offers leather and artificial leather goods. In addition, it wholesales and retails shoes, sandals, and other footwear; wholesales furry leather goods; and used goods and scrap; and retails clothing accessories. Further, the company engages in the retail of bags, wallets, luggage, backpacks which are made of leather, artificial leather etc., and textiles, clothing, footwear, and personal goods through online. It markets its products through department stores. The company was formerly known as PT Bintang Kharisma Tbk and changed its name to PT Primarindo Asia Infrastructure Tbk. in 1997. The company was founded in 1988 and is headquartered in Jakarta, Indonesia. PT. Primarindo Asia Infrastructure, Tbk. operates as a subsidiary of PT. …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT. Primarindo Asia Infrastructure, Tbk. reported revenue of 108B IDR in FY2025 versus 41.8B IDR in FY2021, a compound +26.8%/yr. Reported net income was −24.6B IDR in FY2025.

Revenue +26.8%/yr
FY21 41.8B IDR
FY22 114B IDR
FY23 91.4B IDR
FY24 92.5B IDR
FY25 108B IDR
Net income
FY21 −20.3B IDR
FY22 −2.4B IDR
FY23 −4.6B IDR
FY24 −14.7B IDR
FY25 −24.6B IDR

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Cite: Fair Value Calculator (2026). "PT. Primarindo Asia Infrastructure, Tbk. Fair Value". https://www.fairvalue-calculator.com/stock/BIMA

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Frequently asked questions

Is PT. Primarindo Asia Infrastructure, Tbk. (BIMA) undervalued?
As of Jul 14, 2026, our model estimates a fair value of 42.13 IDR versus a price of 82.00 IDR — about −49% (overvalued). Model-based estimate, not financial advice.
What is the fair value of BIMA?
Our model-based fair value for PT. Primarindo Asia Infrastructure, Tbk. is 42.13 IDR (as of Jul 14, 2026), built from audited fundamentals. The current price is 82.00 IDR.
What is the quality score of BIMA?
PT. Primarindo Asia Infrastructure, Tbk. has a Quality Score of 48/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of PT. Primarindo Asia Infrastructure, Tbk. (BIMA)?
PT. Primarindo Asia Infrastructure, Tbk. reported trailing-twelve-month revenue of about 105B IDR (latest available figure, as of Jul 14, 2026).
What is the net profit margin of BIMA?
The net profit margin of PT. Primarindo Asia Infrastructure, Tbk. is about -21.8%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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