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BIPI Fair Value & Analysis

Industrials · ID · Market cap 9.0T IDR

B BIPI BIPI · JK
Price159.00 IDR
Fair Value178.90 IDR
Upside+12.5%
Quality38/100
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Mixed Growth
Loss-making · -1.2% net margin
Moderate debt · generates free cash flow
Trails peers (0/13)
Narrow moat 37/100
Evidence: Medium Range 178.90 IDR – 178.90 IDR Share as image

Fair value as of: Jul 19, 2026

From 9 valuation models · updated 22 days ago

Fair value updated Jul 19, 2026, revised from 181.26 IDR to 178.90 IDR (−1.3%) since Jul 14, 2026. Share price +35.9% over the past month.

Below-average quality, screening 13% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (178.90 IDR). The market is more pessimistic than our downside scenario.
  • Our model range runs from 178.90 IDR (bear) to 178.90 IDR (bull), base 178.90 IDR. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 38/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

318.00 IDR 50.00 IDR Fair Value 178.90 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range 50.00 IDR – 318.00 IDR · the 159.00 IDR price screens below the 178.90 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

BIPI (BIPI) currently trades at 159.00 IDR, while our model-based Fair Value estimate is 178.90 IDR, implying the stock looks roughly 12.5% undervalued today. The Quality Score stands at 38/100 (below-average quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, BIPI generated revenue of 235M IDR at a net margin of 0.5%. Revenue declined 72.2% year over year. It earns a return on equity of 0.3%. Net debt stands at 521M IDR. Fundamentals as of Jul 19, 2026

The share trades about 54% below its 52-week high and 118% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 25% fair-value upside, at 13%, BIPI 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 178.90 IDR 80
Residual Income 178.90 IDR 76
Rev-Margin DCF 178.90 IDR 74
All 9 models by family
DCF Models
FCF DCF 178.90 IDR 38
5Y Revenue Exit 178.90 IDR 39
5Y EBITDA Exit 178.90 IDR 41
10Y Revenue Exit 178.90 IDR 36
10Y EBITDA Exit 357.80 IDR 37
Asset-Based
NCAV (Graham) 178.90 IDR 178.90 IDR 50
Growth DCF
Growth DCF 178.90 IDR 80
Rev-Margin DCF 178.90 IDR 74
Economic Profit
Residual Income 178.90 IDR 76

Key figures & financial health

Revenue (TTM) 235M IDR
Revenue growth (YoY) -72.2%
Net margin 0.5%
Return on equity 0.3%
Free cash flow 21.0M IDR FY2025
P/E ratio 426.7
More key figures
Operating margin -0.3%
EPS (TTM) 0.3000 IDR
EPS growth (YoY) +122%
Net debt 521M IDR FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 38/100

Of which business quality 39 · Market factors (momentum, volatility) 39

Profitability 11
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 59
Earnings quality: real cash, not paper profit
Fin. Strength 33
Balance sheet, leverage, solvency risk
Investment 47
Disciplined investing over empire-building
Low Volatility 8
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 66
Distance to the 52-week high (market factor)
Net Issuance 65
Buybacks instead of dilution

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 Astrindo Nusantara Infrastruktur Tbk, an investment holding company, together with its subsidiaries, operates in coal mining infrastructure in Indonesia. The company operates Coal Mining, Port Services, and Mining services and Others segments.

Full company description

PT Astrindo Nusantara Infrastruktur Tbk, an investment holding company, together with its subsidiaries, operates in coal mining infrastructure in Indonesia. The company operates Coal Mining, Port Services, and Mining services and Others segments. It offers coal-mining facilities, including overland conveyors, coal crushers, coal processing plants, coal stockpiles, and coal handling ports. The company also engages in the exploration, production, provision, and infrastructure of coal mining; investment activity; general trading services; and management consultancy services. The company was formerly known as PT Benakat Integra Tbk and changed its name to PT Astrindo Nusantara Infrastruktur Tbk in May 2018. The company was founded in 2007 and is based in Jakarta, Indonesia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

BIPI reported revenue of 232M IDR in FY2025 versus 65.6M IDR in FY2021, a compound +37.2%/yr. Reported net income was 1.1M IDR in FY2025, compounding −47.6%/yr from FY2021.

Growth Quality 76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
232M IDR
Latest YoY
−58.8%
Avg. growth/yr (3Y)
+74.5%
Avg. growth/yr (5Y)
+24.2%
Avg. growth/yr (18Y)
+9.5%
Revenue +37.2%/yr
FY21 65.6M IDR
FY22 43.7M IDR
FY23 651M IDR
FY24 563M IDR
FY25 232M IDR
Net income −47.6%/yr
FY21 14.3M IDR
FY22 206K IDR
FY23 13.8M IDR
FY24 6.5M IDR
FY25 1.1M IDR

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Cite: Fair Value Calculator (2026). "BIPI Fair Value". https://www.fairvalue-calculator.com/stock/BIPI

Peer Group

Infrastructure Operations · 65 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.

Quality Score 38 · Bottom 25%
Fair Value upside +13% · Below median
Return on assets 1% · Bottom 25%
Net margin (TTM) -1% · Bottom 25%
Operating margin (TTM) 25% · Below median
Revenue growth -35% · Bottom 25%
Debt / equity 1.12× · Higher than 75% of peers

Valuation Multiples vs Infrastructure Operations median · lower = cheaper

P/E (TTM) 426.7× · Pricier than 75% of peers
P/B 1.94× · Pricier than 75% of peers
P/S (TTM) 4.31× · Pricier than median
P/FCF 43.1× · Pricier than 75% of peers
EV/EBITDA 26.5× · Pricier than 75% of peers

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 50 · sector 54
FUTURE 0 · sector 13
PAST 0 · sector 25
HEALTH 44 · sector 69
DIVIDEND 0 · sector 79

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Infrastructure Operations stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

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Frequently asked questions

Is BIPI overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 178.90 IDR versus a price of 159.00 IDR, about +13% (undervalued).
What is the fair value of BIPI?
Our model-based fair value for BIPI is 178.90 IDR (as of Jul 19, 2026), built from audited fundamentals. The current price is 159.00 IDR.
What is the quality score of BIPI?
BIPI has a Quality Score of 38/100. 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 revenue of BIPI?
BIPI reported trailing-twelve-month revenue of about 235M IDR (latest available figure, as of Jul 19, 2026).
What is the net profit margin of BIPI?
The net profit margin of BIPI is about 0.5%, meaning it keeps roughly 0.5% of revenue as net income. 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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