Berlian Laju Tanker Tbk PT (BLTA) fair value: what the stock is really worth
We calculate from audited financials what Berlian Laju Tanker Tbk PT is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
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Industrials · ID · Market cap 855B IDR (≈ $85.5M) · ISIN ID1000099906
At a glance
BLBerlian Laju Tanker Tbk PTBLTA · JK
Price33.00 IDR
Fair Value66.48 IDR
Upside+101.5%
Quality57/100
A solid business, trading 50% below our fair value of 66.48 IDR.
As of Sep 8, 2026, the fair value of Berlian Laju Tanker Tbk PT is 66.48 IDR per share against a price of 33.00 IDR, so the fair value sits 101% above the price. A model estimate from reported figures, not an analyst target.
!Mixed Growth (revenue 5y +21.7 %/yr)
!Thin margins · 7.5% net margin
✓Low debt · generates free cash flow
!Trails peers (4/13)
!Narrow moat 44/100
!Evidence only low, so the estimate is less certain
!Weak on past: 22 out of 100
Evidence: LowRange 46.53 IDR to 86.42 IDR
Fair value as of: Sep 8, 2026
From 13 valuation models · updated yesterday
Fair value updated Sep 8, 2026, revised from 0.0100 IDR to 66.48 IDR (+664,700.0%) since Aug 13, 2026.
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Berlian Laju Tanker Tbk PT (BLTA) currently trades at 33.00 IDR, while our model-based Fair Value estimate is 66.48 IDR, implying the stock looks roughly 50.4% undervalued today. The Quality Score stands at 57/100 (solid quality), in the Industrials sector. Bull case: the Growth DCF group reads highest at a median of 33.24 IDR per share, and 12 of the 12 models we run sit above the 33.00 IDR price. Bear case: the DCF Models group reads lowest at 33.24 IDR, and 0 of the 12 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, Berlian Laju Tanker Tbk PT generated revenue of $48.1M at a net margin of 7.5%. Revenue declined 7.9% year over year. It earns a return on equity of 5.4%. Net debt stands at $39.7M. Fundamentals as of Sep 8, 2026
Scenario range: 46.53 IDR (bear) to 86.42 IDR (bull), the price of 33.00 IDR sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 53% below its 52-week high and 74% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 42% fair-value upside, at 101%, BLTA screens cheaper than that median.
Fair Value models
Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (1.75 IDR per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘ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
Highest evidence
FCF DCF best evidence33.24 IDR33.24 IDR66.48 IDR79
Growth DCF33.24 IDR33.24 IDR66.48 IDR77
Owner Earnings33.24 IDR33.24 IDR66.48 IDR75
All 13 models by family
DCF Models
FCF DCF best evidence33.24 IDR33.24 IDR66.48 IDR79
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Key figures & financial health
P/E ratio11.1as of Jun 9, 2026
P/S ratio0.57P/E × margin
EPS (TTM)2.53 IDRprice ÷ EPS = P/E 11.1
Net margin5.2%FY2025
Return on equity5.4%TTM
Return on assets (EBIT)9.0%avg 5y
More key figures
Profitability
Operating margin14.7%TTM
Growth
Revenue (TTM)$48.1MTTM
Revenue growth (YoY)−7.9%3y avg +27.8%
Balance sheet & cash flow
Free cash flow$18.8MFY2025
Net debt$39.7MFY2025 · ≈ 2.1 yrs of FCF
Figures from reported company fundamentals · as of Sep 8, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality57/100
Of which business quality 59
· Market factors (momentum, volatility) 32
Profitability22
Margins and returns on capital today
Quality Growth43
Are margins and returns improving?
Cashflow100
Earnings quality: real cash, not paper profit
Fin. Strength66
Balance sheet, leverage, solvency risk
Investment33
Disciplined investing over empire-building
Low Volatility50
Calm price path (market factor)
Momentum27
Price trend over the last 3–12 months (market factor)
52W Momentum20
Distance to the 52-week high (market factor)
Net Issuance82
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
PT Berlian Laju Tanker Tbk provides shipping services for liquid cargo transportation in Malaysia and Indonesia. It operates through Chemical Tankers, Gas Tankers, and Others segments.
Full company description
PT Berlian Laju Tanker Tbk provides shipping services for liquid cargo transportation in Malaysia and Indonesia. It operates through Chemical Tankers, Gas Tankers, and Others segments. The company engages in the maritime transportation of organic and non-organic liquid chemicals, vegetable oils, and animal fats; and liquefied gas, such as liquified petroleum gas (LPG), propylene, propane, and liquified natural gas (LNG). It also offers shipping agency, manning, ship management, and trading and management services. As of December 31, 2025, it owns and operates a fleet of 5 vessels. The company was founded in 1981 and is based in Jakarta, Indonesia. PT Berlian Laju Tanker Tbk is a subsidiary of PT Bagusnusa Samudera Gemilang.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Berlian Laju Tanker Tbk PT reported revenue of $49.1M in FY2025 versus $19.7M in FY2021, a compound +25.7%/yr. Reported net income was $2.5M in FY2025, compounding −19.1%/yr from FY2021.
Growth Quality 90/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$49.1M
Latest YoY
+20.8%
Avg. revenue growth/yr (3Y) ⓘ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.
+27.8%
Avg. revenue growth/yr (5Y) ⓘ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.
+21.7%
Avg. revenue growth/yr (25Y) ⓘ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.
−31.5%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years, EBIT basis) plus dividend yield: value created per share and year.
+26.2%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+26.2%
Dividend yield0.0%
Trend ⓘ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.5Y −15.6% vs 10Y −38.9%, picking up
Operating margin (EBIT) ⓘ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.−2.4% (2018) → 38.7% (2023) · rising
Worst earnings drop313% (2009) (loss year, drop beyond 100%) · in USD
⚠ Revenue per share shrinking 23.2%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Berlian Laju Tanker Tbk PT Fair Value". https://www.fairvalue-calculator.com/stock/BLTA
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
Quality Score57 · Above median
Profitability
Return on equity (TTM)5% · Below median
Return on assets3% · Below median
Net margin (TTM)7% · Below median
Operating margin (TTM)15% · Below median
Growth and dividend
Revenue growth−8% · Bottom 25%
Balance sheet
Debt / equity0.16× · Below median
Valuation Multiples vs Marine Shipping median · lower = cheaper
P/E (TTM)11.1× · Cheaper than median
P/B1.26× · Pricier than median
P/S (TTM)1.78× · Pricier than median
P/FCF4.6× · Pricier than median
EV/EBITDA5.6× · Cheaper than median
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must Berlian Laju Tanker Tbk PT deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
Implied FCF growth, 10 years-10.4 % per year
Achieved revenue growth, 5 years+21.7 % p.a.
Sector median revenue growth+4.6 %
FCF yield on price21.95 %
Discount rate (WACC) in the models15.0 %
The price demands less growth than the company recently delivered: even a weaker business would justify the price. Ranking of the largest stocks →
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.
This stockSector peers
VALUE100· sector 30
FUTURE0· sector 24
PAST22· sector 27
HEALTH92· sector 89
DIVIDEND0· sector 53
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
Similar stocks
10 more Marine Shipping stocks, each showing price versus our Fair Value estimate (as of Sep 8, 2026).
Is Berlian Laju Tanker Tbk PT (BLTA) overvalued or undervalued?
As of Sep 8, 2026, our model estimates a fair value of 66.48 IDR versus a price of 33.00 IDR, about +101% upside (undervalued).
What is the fair value of BLTA?
Our model-based fair value for Berlian Laju Tanker Tbk PT is 66.48 IDR (as of Sep 8, 2026), built from audited fundamentals. The current price: 33.00 IDR.
What is the quality score of BLTA?
Berlian Laju Tanker Tbk PT has a Quality Score of 57/100. 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 Berlian Laju Tanker Tbk PT (BLTA)?
Our model-based price target is the fair value of 66.48 IDR (as of Sep 8, 2026) from 13 valuation models. Cautious scenario 46.53 IDR, optimistic scenario 86.42 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Berlian Laju Tanker Tbk PT stock forecast for 2026?
Our models put fair value at 66.48 IDR, about +101% upside versus a price of 33.00 IDR (undervalued). Cautious scenario 46.53 IDR, optimistic scenario 86.42 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Berlian Laju Tanker Tbk PT (BLTA)?
Berlian Laju Tanker Tbk PT reported trailing-twelve-month revenue of about $48.1M (latest available figure, as of Sep 8, 2026).
What is the net profit margin of BLTA?
The net profit margin of Berlian Laju Tanker Tbk PT is about 7.5%, meaning it keeps roughly 7.5% of revenue as net income. Based on the latest reported figures.
What growth is priced into Berlian Laju Tanker Tbk PT (BLTA)?
For today's price to be fair in a discounted-cash-flow model, Berlian Laju Tanker Tbk PT would have to grow free cash flow by -10.4 % per year for ten years (discount rate 15.0 %, then 2 % perpetual growth). Over the last 5 years revenue grew +21.7 % per year. As of Sep 8, 2026.
What discount rate (WACC) does the fair value of BLTA use?
Our models discount Berlian Laju Tanker Tbk PT at 15.0 %: a base by market capitalisation (micro), country premium for Indonesia. The same rate applies in all 26 models.
What is the intrinsic value of Berlian Laju Tanker Tbk PT (BLTA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Berlian Laju Tanker Tbk PT it is 66.48 IDR per share (as of Sep 8, 2026), against a price of 33.00 IDR. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Berlian Laju Tanker Tbk PT stock overvalued or undervalued in 2026?
As of Sep 8, 2026, BLTA trades below its calculated fair value: price 33.00 IDR, fair value 66.48 IDR, a gap of about +101% (undervalued). 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 BLTA?
No. The price is what the market pays today (33.00 IDR); the fair value is what the company's own numbers justify (66.48 IDR). For Berlian Laju Tanker Tbk PT the two are 33.48 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Berlian Laju Tanker Tbk PT worth?
The market values Berlian Laju Tanker Tbk PT at about 855B IDR (market capitalisation, as of Sep 8, 2026). Per share that is 33.00 IDR; our models calculate a fair value of 66.48 IDR per share.
What do the bullish and bearish scenarios say about BLTA?
Our models span a range for Berlian Laju Tanker Tbk PT: cautious scenario 46.53 IDR, base 66.48 IDR, optimistic 86.42 IDR per share (as of Sep 8, 2026, price 33.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BLTA?
Berlian Laju Tanker Tbk PT trades at a price-to-earnings ratio of 11.1 (as of Sep 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 66.48 IDR is built from several models across several years. Other multiples: P/B 1.3, P/S 1.8, EV/EBITDA 5.6.
How solid is the balance sheet of Berlian Laju Tanker Tbk PT (BLTA)?
Balance-sheet figures for Berlian Laju Tanker Tbk PT (as of Sep 8, 2026): return on equity 5.4%, debt of 0.16 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is BLTA from its 52-week high?
Berlian Laju Tanker Tbk PT trades at 33.00 IDR, about 53% below its 52-week high of 70.00 IDR and 74% above the low of 19.00 IDR (as of Sep 8, 2026). Distance from the high says nothing about value: that is what the fair value of 66.48 IDR is for.
Which stocks are comparable to Berlian Laju Tanker Tbk PT?
From the same area (Industrials) we also value Adani Ports and Special Economic Zone Limited, A.P. Møller - Mærsk A/S, 532921, COSCO SHIPPING Holdings, 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 Berlian Laju Tanker Tbk PT stock attractive at the current price?
The data as of Sep 8, 2026: price 33.00 IDR, calculated fair value 66.48 IDR (+101%), Quality Score 57/100, from 13 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 BLTA calculated?
We run Berlian Laju Tanker Tbk PT through 13 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 66.48 IDR, with the spread shown as a cautious and an optimistic scenario.
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