Berlian Laju Tanker Tbk PT (BLTA) fair value: what the stock is really worth
As of Oct 23, 2026: fair value (intrinsic value) of Berlian Laju Tanker Tbk PT stock IDR 45, price IDR 34, upside +31.9%, quality 56 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 23, 2026.
How to read this chart
60‑month range 12.00 IDR – 66.00 IDR · fair‑value band 41.74 IDR – 57.91 IDR · the 34.00 IDR price screens below the 44.86 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Oct 23, 2026.
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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.
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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.
Stock analysis
Berlian Laju Tanker Tbk PT (BLTA) currently trades at 34.00 IDR, while our model-based Fair Value estimate is 44.86 IDR, implying the stock looks roughly 24.2% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 110.78 IDR per share, and 17 of the 22 models we run sit above the 34.00 IDR price.
Bear case: the Earnings-Based group reads lowest at 16.19 IDR, and 5 of the 22 models stay below the price. Data coverage for this calculation is low.
Scenario range: 41.74 IDR (bear) to 57.91 IDR (bull), the price of 34.00 IDR sits below 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 56/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
Key figures
Market cap 881B IDR (≈ $49.1M) Micro · P/E ratio 31.8 · P/S ratio 1.64 · EPS (TTM) 1.10 IDR · Net margin 5.2% · Return on equity 2.3% · Return on assets (EBIT) 9.0% · Operating margin 9.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 36 out of 100 (low confidence).
What moves the price
The share trades about 48% below its 52-week high and 26% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 56% fair-value upside, at 32%, BLTA screens richer than that median.
Fair Value models
Bear41.74 IDRFair Value 44.86 IDRBull57.91 IDR
Price 34.00 IDR · Upside +31.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.8951 IDR per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.90/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+20.8%
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.
+27.8%
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.
+21.7%
Start year 2020 (pandemic). Over 10 years: −15.1% a year
Revenue growth 12 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.
−14.7%
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What shareholders gained per year (last 5 years) ⓘ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. Basis: EBIT basis.
+26.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+26.2%
Dividend (yield on the price)0.0%
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.−15.6% vs −38.9%, picking up
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ 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.
Growth Forecast
Little optimism in the price
The price assumes less 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).
−28.0%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −29.7% a year for the price.
Compare Berlian Laju Tanker 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 · 225 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside+31.9% · Top 25%
Profitability
Return on equity (12 months)2.3% · Bottom 25%
Return on assets1.6% · Below median
Net margin (12 months)3.3% · Bottom 25%
Operating margin (12 months)9.7% · Below median
Growth and dividend
Revenue growth (quarter YoY)4.0% · Below median
Balance sheet
Debt / equity0.16× · Below median
Valuation Multiplesvs Marine Shipping median · lower = cheaper
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
Frequently asked questions
Is Berlian Laju Tanker Tbk PT (BLTA) overvalued or undervalued?
As of Oct 23, 2026, our model estimates a fair value of 44.86 IDR versus a price of 34.00 IDR, about +32% upside (undervalued).
What is the fair value of BLTA?
Our model-based fair value for Berlian Laju Tanker Tbk PT is 44.86 IDR (as of Oct 23, 2026), built from audited fundamentals. The current price: 34.00 IDR.
What is the quality score of BLTA?
Berlian Laju Tanker Tbk PT has a Quality Score of 56/100. 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 44.86 IDR (as of Oct 23, 2026) from 22 valuation models. Cautious scenario 41.74 IDR, optimistic scenario 57.91 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 44.86 IDR, about +32% upside versus a price of 34.00 IDR (undervalued). Cautious scenario 41.74 IDR, optimistic scenario 57.91 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 $48.6M (latest available figure, as of Oct 23, 2026).
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 -28.0 % per year for five years (discount rate 15.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +21.8 % per year. As of Oct 23, 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 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 Berlian Laju Tanker Tbk PT that is -28.0 % per year a year over ten years, using the same discount rate (15.0 %) and the same formula as our fair value.
How much growth has Berlian Laju Tanker Tbk PT (BLTA) delivered so far?
Over the past 5 years revenue at Berlian Laju Tanker Tbk PT grew +21.8 % a year. The price currently implies -28.0 % 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 Berlian Laju Tanker Tbk PT (BLTA) growing?
The median revenue growth in the sector is +7.5 % a year. That is the yardstick for the growth priced into Berlian Laju Tanker Tbk PT (-28.0 % 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 Berlian Laju Tanker Tbk PT (BLTA)?
The free-cash-flow yield on the price is 38.26 %: that much free cash flow Berlian Laju Tanker Tbk PT produces per unit of market value. When it exceeds the discount rate of our models (15.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
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 44.86 IDR per share (as of Oct 23, 2026), against a price of 34.00 IDR. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is Berlian Laju Tanker Tbk PT stock overvalued or undervalued in 2026?
As of Oct 23, 2026, BLTA trades below its calculated fair value: price 34.00 IDR, fair value 44.86 IDR, a gap of about +32% (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 (34.00 IDR); the fair value is what the company's own numbers justify (44.86 IDR). For Berlian Laju Tanker Tbk PT the two are 10.86 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 881B IDR (market capitalisation, as of Oct 23, 2026). Per share that is 34.00 IDR; our models calculate a fair value of 44.86 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 41.74 IDR, base 44.86 IDR, optimistic 57.91 IDR per share (as of Oct 23, 2026, price 34.00 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 31.8 (as of Oct 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 44.86 IDR is built from several models across several years. Other multiples: P/B 0.7, P/S 1.0, EV/EBITDA 2.9.
How solid is the balance sheet of Berlian Laju Tanker Tbk PT (BLTA)?
Balance-sheet figures for Berlian Laju Tanker Tbk PT (as of Oct 23, 2026): return on equity 2.3%, debt of 0.16 per unit of equity. They feed the Quality Score of 56/100, 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 34.00 IDR, about 48% below its 52-week high of 66.00 IDR and 26% above the low of 27.00 IDR (as of Oct 23, 2026). Distance from the high says nothing about value: that is what the fair value of 44.86 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, 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 Berlian Laju Tanker Tbk PT stock attractive at the current price?
The data as of Oct 23, 2026: price 34.00 IDR, calculated fair value 44.86 IDR (+32%), Quality Score 56/100, from 22 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 22 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 44.86 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 12.3 % above its aggregate fair value. Berlian Laju Tanker Tbk PT currently trades 24 % below its own fair value, and the market average says nothing about that. 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 Berlian Laju Tanker Tbk PT (BLTA)?
The closing price on Oct 23, 2026 was 34.00 IDR. Our model-based fair value is 44.86 IDR, about +32% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Berlian Laju Tanker Tbk PT right now?
The price is below even our cautious bear case (41.74 IDR). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Berlian Laju Tanker Tbk PT
How large is the market capitalisation of Berlian Laju Tanker Tbk PT (BLTA)?
The market capitalisation of Berlian Laju Tanker Tbk PT is 881B IDR (≈ $49.1M). 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 Berlian Laju Tanker Tbk PT (BLTA)?
The price-to-sales ratio of Berlian Laju Tanker Tbk PT is 1.64 (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 Berlian Laju Tanker Tbk PT (BLTA)?
Earnings per share at Berlian Laju Tanker Tbk PT are 1.10 IDR (price ÷ EPS = P/E 31.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Berlian Laju Tanker Tbk PT (BLTA)?
The net margin of Berlian Laju Tanker Tbk PT is 5.2% (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 Berlian Laju Tanker Tbk PT (BLTA)?
The return on equity (ROE) of Berlian Laju Tanker Tbk PT is 2.3% (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 Berlian Laju Tanker Tbk PT (BLTA)?
On an EBIT basis the return on assets of Berlian Laju Tanker Tbk PT is 9.0% (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 Berlian Laju Tanker Tbk PT (BLTA)?
The operating margin of Berlian Laju Tanker Tbk PT is 9.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Berlian Laju Tanker Tbk PT (BLTA)?
Revenue at Berlian Laju Tanker Tbk PT is growing +4.0% versus a year earlier (3y avg +27.8%). 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 Berlian Laju Tanker Tbk PT (BLTA)?
Earnings per share at Berlian Laju Tanker Tbk PT are growing −82.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Berlian Laju Tanker Tbk PT (BLTA) carry?
The net debt of Berlian Laju Tanker Tbk PT is $39.7M (fiscal year 2025, ≈ 2.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Oct 23, 2026