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PT Indo Kordsa Tbk (BRAM) Fair Value & Analysis

Consumer Cyclical · ID · Market cap 1.9T IDR

PI PT Indo Kordsa Tbk BRAM · JK
Price4,390 IDR
Fair Value5,744 IDR
Upside+30.8%
Quality89/100
Evidence: Medium Range 4,488 IDR – 6,821 IDR

Fair value as of: Jun 24, 2026

From 14 valuation models · updated 5 days ago

Fair value updated Jun 24, 2026 — revised from 0.3200 IDR to 5,744 IDR (+1,794,900.0%) since Jun 23, 2026. Share price +1.1% over the past month.

Price vs Fair Value (12 months)

5,646 IDR 4,117 IDR Fair Value 5,744 IDR Jun 2025 Jun 2026

12‑month range 4,117 IDR – 5,646 IDR · fair‑value band 4,488 IDR – 6,821 IDR · the 4,390 IDR price screens below the 5,744 IDR fair value. As of Jun 24, 2026.

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Analysis

PT Indo Kordsa Tbk (BRAM) currently trades at 4,390 IDR, while our model-based Fair Value estimate is 5,744 IDR — implying the stock looks roughly 30.8% undervalued today. We read business quality at 89/100 (high quality), in the Consumer Cyclical 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, PT Indo Kordsa Tbk generated revenue of 119M IDR at a net margin of 0.7%. Revenue declined 11.9% year over year. It earns a return on equity of 0.9%. The balance sheet holds a net cash position of 19.1M IDR. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 119M IDR
Revenue growth (YoY) -11.9%
Net margin 0.7%
Return on equity 0.9%
Free cash flow 15.0M IDR FY2025
P/E ratio 122.5
More key figures
Operating margin 5.2%
EPS (TTM) 34.69 IDR
EPS growth (YoY) +127%
Net cash 19.1M IDR FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

PT Indo Kordsa Tbk engages in the manufacture, marketing, and sale of tire cord fabrics, yarn filaments, nylon tire cord, and raw materials of polyester. The company operates through Tire Cord Fabric, Nylon Yarn, and Polyester Yarn segments. It also offers nylon, polyester, and rayon fibers. The company sells its products in Indonesia, Thailand, the United States, Japan, South Korea, Brazil, Turkey, India, China, and internationally. The company was formerly known as PT Branta Mulia Tbk and changed its name to PT Indo Kordsa Tbk in 2006. The company was founded in 1981 and is headquartered in Bogor, Indonesia. PT Indo Kordsa Tbk is a subsidiary of Kordsa Teknik Tekstil A.S.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Indo Kordsa Tbk reported revenue of 123M IDR in FY2025 versus 260M IDR in FY2021, a compound −17.1%/yr. Reported net income was −2.3M IDR in FY2025.

Revenue −17.1%/yr
FY21 260M IDR
FY22 335M IDR
FY23 252M IDR
FY24 231M IDR
FY25 123M IDR
Net income
FY21 25.0M IDR
FY22 32.0M IDR
FY23 15.3M IDR
FY24 12.0M IDR
FY25 −2.3M IDR

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Frequently asked questions

Is PT Indo Kordsa Tbk (BRAM) undervalued?
As of Jun 24, 2026, our model estimates a fair value of 5,744 IDR versus a price of 4,390 IDR — about +31% (undervalued). Model-based estimate, not financial advice.
What is the fair value of BRAM?
Our 21-model fair value for PT Indo Kordsa Tbk is 5,744 IDR (as of Jun 24, 2026), built from audited fundamentals. The current price is 4,390 IDR.
What is the quality score of BRAM?
PT Indo Kordsa Tbk has a Quality Score of 89/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of PT Indo Kordsa Tbk (BRAM)?
PT Indo Kordsa Tbk reported trailing-twelve-month revenue of about 119M IDR (latest available figure, as of Jun 24, 2026).
What is the net profit margin of BRAM?
The net profit margin of PT Indo Kordsa Tbk is about 0.7%, meaning it keeps roughly 0.7% 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.