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PT Berlina Tbk, (BRNA) Fair Value & Analysis

Consumer Cyclical · ID · Market cap 602B IDR

PB PT Berlina Tbk, BRNA · JK
Price625.00 IDR
Fair Value218.19 IDR
Upside-65.1%
Quality45/100
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Weak Growth
Thin margins · 0.6% net margin
Moderate debt · negative free cash flow
Mixed vs. peers (5/12)
Narrow moat 33/100
Evidence: Medium Range 163.65 IDR – 272.74 IDR Share as image

Fair value as of: Jul 16, 2026

From 13 valuation models · updated 25 days ago

Share price +9.6% over the past month.

Below-average quality, and screening another 65% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (272.74 IDR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

1,480 IDR 560.00 IDR Fair Value 218.19 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 560.00 IDR – 1,480 IDR · fair‑value band 163.65 IDR – 272.74 IDR · the 625.00 IDR price screens above the 218.19 IDR fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

PT Berlina Tbk, (BRNA) currently trades at 625.00 IDR, while our model-based Fair Value estimate is 218.19 IDR, implying the stock looks roughly 65.1% overvalued today. The Quality Score stands at 45/100 (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: medium).

Over the trailing twelve months, PT Berlina Tbk, generated revenue of 1.0T IDR at a net margin of 1.2%. Revenue declined 4.6% year over year. It earns a return on equity of 1.5%. Net debt stands at 866B IDR. Fundamentals as of Jul 16, 2026

Our scenario range runs from 163.65 IDR (bear case) to 272.74 IDR (bull case); at 625.00 IDR, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 34% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -22% fair-value upside, at -65%, BRNA 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 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. Evidence
Highest evidence
Residual Income 649.01 IDR 610.83 IDR 469.72 IDR 76
ROIC Compounder 301.51 IDR 464.01 IDR 608.45 IDR 72
Growth-Adj P/E 121.90 IDR 174.14 IDR 226.39 IDR 68
All 13 models by family
Earnings-Based
Graham-Dodd 87.28 IDR 184.48 IDR 233.80 IDR 54
PEG = 1.0 27.85 IDR 39.79 IDR 51.72 IDR 46
EPV 301.51 IDR 464.01 IDR 608.45 IDR 59
Multiples
P/E Multiple 163.65 IDR 218.19 IDR 272.74 IDR 63
P/S Multiple 163.65 IDR 218.19 IDR 272.74 IDR 58
P/B Multiple 163.65 IDR 218.19 IDR 272.74 IDR 55
EV/EBIT 454.98 IDR 813.08 IDR 1,171 IDR 53
EV/EBITDA 954.09 IDR 1,479 IDR 2,003 IDR 54
EV/Revenue 311.74 IDR 710.76 IDR 1,110 IDR 43
Asset-Based
NCAV (Graham) 462.48 IDR 619.72 IDR 924.95 IDR 50
Economic Profit
Residual Income 649.01 IDR 610.83 IDR 469.72 IDR 76
ROIC Compounder 301.51 IDR 464.01 IDR 608.45 IDR 72
Growth Earnings
Growth-Adj P/E 121.90 IDR 174.14 IDR 226.39 IDR 68

Widest divergence: Asset-Based (619.72 IDR) versus Growth Earnings (174.14 IDR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 1.0T IDR
Revenue growth (YoY) +0.5%
Net margin 0.6%
Return on equity 0.8%
Free cash flow −16.7B IDR FY2025
P/E ratio 102.2
More key figures
Operating margin 10.8%
EPS (TTM) 6.02 IDR
EPS growth (YoY) -74.1%
Net debt 866B IDR FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 45/100

Of which business quality 43 · Market factors (momentum, volatility) 33

Profitability 20
Margins and returns on capital today
Quality Growth 66
Are margins and returns improving?
Cashflow 42
Earnings quality: real cash, not paper profit
Fin. Strength 24
Balance sheet, leverage, solvency risk
Investment 46
Disciplined investing over empire-building
Low Volatility 53
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 24
Distance to the 52-week high (market factor)
Net Issuance 82
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 Berlina Tbk, together with its subsidiaries, engages in the plastic packaging business in Indonesia and internationally. It offers blow, injection, injection stretch blow, injection blow, and pharmaceutical blow moulding; blown film; toothbrush; decoration; mould shop; thermoforming; and laminated, mini, and plastic tubes.

Full company description

PT Berlina Tbk, together with its subsidiaries, engages in the plastic packaging business in Indonesia and internationally. It offers blow, injection, injection stretch blow, injection blow, and pharmaceutical blow moulding; blown film; toothbrush; decoration; mould shop; thermoforming; and laminated, mini, and plastic tubes. The company is also involved in laminated and plastic coextrusion tubes manufacturing and marketing; plastic packaging and processing manufacturing; processing or recycling of plastic waste; trading; and related services. It serves cosmetics, pharmacies, food and beverages, industrial goods, and other industries. The company was founded in 1969 and is headquartered in Bekasi, Indonesia. PT Berlina Tbk operates as a subsidiary of PT Dwi Satrya Utama.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Berlina Tbk, reported revenue of 1.0T IDR in FY2025 versus 1.1T IDR in FY2021, a compound −0.4%/yr. Reported net income was 12.6B IDR in FY2025.

Growth Quality 21/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.0T IDR
Latest YoY
+0.6%
Avg. 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.
−0.5%
Avg. 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.
−1.6%
Avg. 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.
+7.8%
Revenue −0.4%/yr
FY21 1.1T IDR
FY22 1.1T IDR
FY23 1.0T IDR
FY24 1.0T IDR
FY25 1.0T IDR
Net income
FY21 −188B IDR
FY22 −135B IDR
FY23 −83.5B IDR
FY24 −20.6B IDR
FY25 12.6B IDR

BRNA screens 65% overvalued. Compare with Stora Enso Oyj →

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Cite: Fair Value Calculator (2026). "PT Berlina Tbk, Fair Value". https://www.fairvalue-calculator.com/stock/BRNA

Peer Group

Packaging & Containers · 272 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 45 · Below median
Fair Value upside −65% · Bottom 25%
Return on equity (TTM) 1% · Below median
Return on assets 3% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 11% · Top 25%
Revenue growth 1% · Above median
Debt / equity 0.72× · Higher than 75% of peers

Valuation Multiples vs Packaging & Containers median · lower = cheaper

P/E (TTM) 102.2× · Pricier than 75% of peers
P/B 0.66× · Cheaper than median
P/S (TTM) 0.58× · Cheaper than median
EV/EBITDA 6.3× · Cheaper than median

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 0 · sector 9
FUTURE 3 · sector 1
PAST 3 · sector 21
HEALTH 64 · sector 92
DIVIDEND 0 · sector 42

VALUE 0: the price sits above our fair-value range.

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 Packaging & Containers stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Stora Enso Oyj STER kr 101.90 kr 126.39 +24%
ShenZhen YUTO Packaging Technology Co 002831 ¥29.10 ¥20.88 -28%
SCG Packaging Public Company SCGP 29.00 THB 16.12 THB -44%
AblePrint Technology Co 7734 2,850 TWD 661.69 TWD -77%
PT Fajar Surya Wisesa Tbk, FASW 5,312 IDR 1,194 IDR -78%
Taiwan Hon Chuan Enterprise Co 9939 132.50 TWD 127.06 TWD -4%
Time Technoplast Limited TIMETECHNO ₹206.82 ₹161.42 -22%
EPL Limited 500135 ₹222.25 ₹111.65 -50%
Ton Yi Industrial Corp 9907 15.15 TWD 23.17 TWD +53%
Dongwon Systems Corporation 014820 19,330 KRW 31,473 KRW +63%

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Frequently asked questions

Is PT Berlina Tbk, (BRNA) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 218.19 IDR versus a price of 625.00 IDR, about −65% (overvalued).
What is the fair value of BRNA?
Our model-based fair value for PT Berlina Tbk, is 218.19 IDR (as of Jul 16, 2026), built from audited fundamentals. The current price is 625.00 IDR.
What is the quality score of BRNA?
PT Berlina Tbk, has a Quality Score of 45/100. 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 PT Berlina Tbk, (BRNA)?
PT Berlina Tbk, reported trailing-twelve-month revenue of about 1.0T IDR (latest available figure, as of Jul 16, 2026).
What is the net profit margin of BRNA?
The net profit margin of PT Berlina Tbk, is about 1.2%, meaning it keeps roughly 1.2% 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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