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PT Raja Roti Cemerlang Tbk, a food processing company, (BRRC) Fair Value & Analysis

Consumer Defensive · ID · Market cap 59.3B IDR

PR PT Raja Roti Cemerlang Tbk, a food processing company, BRRC · JK
Price59.00 IDR
Fair Value47.64 IDR
Upside-19.3%
Quality35/100
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Expensive Growth
Thin margins · 1.5% net margin
Low debt
Trails peers (2/8)
Narrow moat 30/100
Evidence: Medium Range 29.97 IDR – 47.64 IDR Share as image

Fair value as of: Jul 15, 2026

From 13 valuation models · updated 26 days ago

Fair value updated Jul 15, 2026, revised from 54.37 IDR to 47.64 IDR (−12.4%) since Jun 24, 2026.

Below-average quality, and screening another 19% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (47.64 IDR). The favourable scenario is already priced in.
  • Weak quality (35/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (19 months)

294.00 IDR 50.00 IDR Fair Value 47.64 IDR Jan 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

19‑month range 50.00 IDR – 294.00 IDR · fair‑value band 29.97 IDR – 47.64 IDR · the 59.00 IDR price screens above the 47.64 IDR fair value. Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

PT Raja Roti Cemerlang Tbk, a food processing company, (BRRC) currently trades at 59.00 IDR, while our model-based Fair Value estimate is 47.64 IDR, implying the stock looks roughly 19.3% overvalued today. The Quality Score stands at 35/100 (below-average quality), in the Consumer Defensive 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 Raja Roti Cemerlang Tbk, a food processing company, generated revenue of 118B IDR at a net margin of 1.5%. Revenue declined 2.9% year over year. It earns a return on equity of 2.2%. Fundamentals as of Jul 15, 2026

Our scenario range runs from 29.97 IDR (bear case) to 47.64 IDR (bull case); at 59.00 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 67% below its 52-week high and 18% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -3% fair-value upside, at -19%, BRRC 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 57.50 IDR 54.37 IDR 42.40 IDR 76
ROIC Compounder 41.40 IDR 47.64 IDR 53.10 IDR 72
Growth-Adj P/E 36.78 IDR 52.55 IDR 68.31 IDR 68
All 13 models by family
Earnings-Based
Graham-Dodd 10.46 IDR 72.93 IDR 102.35 IDR 54
Lynch FV 29.97 IDR 42.81 IDR 55.66 IDR 50
PEG = 1.0 29.97 IDR 42.81 IDR 55.66 IDR 46
EPV 41.40 IDR 47.64 IDR 53.10 IDR 59
Multiples
P/E Multiple 23.07 IDR 30.76 IDR 38.45 IDR 63
P/S Multiple 19.61 IDR 26.14 IDR 32.68 IDR 58
P/B Multiple 19.61 IDR 26.14 IDR 32.68 IDR 55
EV/EBIT 71.14 IDR 93.54 IDR 115.94 IDR 53
EV/Revenue 49.25 IDR 68.66 IDR 88.07 IDR 43
Asset-Based
NCAV (Graham) 41.03 IDR 54.98 IDR 82.07 IDR 50
Economic Profit
Residual Income 57.50 IDR 54.37 IDR 42.40 IDR 76
ROIC Compounder 41.40 IDR 47.64 IDR 53.10 IDR 72
Growth Earnings
Growth-Adj P/E 36.78 IDR 52.55 IDR 68.31 IDR 68

Widest divergence: Asset-Based (54.98 IDR) versus Multiples (30.76 IDR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 118B IDR
Revenue growth (YoY) -2.9%
Net margin 1.5%
Return on equity 2.2%
Operating margin 6.1%
EPS growth (YoY) +26.8%

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 35/100

Of which business quality 37 · Market factors (momentum, volatility) 6

Profitability 34
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 9
Price trend over the last 3–12 months (market factor)
52W Momentum 6
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 Raja Roti Cemerlang Tbk, a food processing company, produces and sells bread flour products in Indonesia. The company offers royal breadcrumb mix, eco-royal mix, crispy, fresh, dry and RYL series; and batters & breaders. The company was founded in 2013 and is headquartered in Bekasi, Indonesia.

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

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

PT Raja Roti Cemerlang Tbk, a food processing company, reported revenue of 119B IDR in FY2025 versus 42.6B IDR in FY2022, a compound +40.8%/yr. Reported net income was 1.5B IDR in FY2025, compounding −26.0%/yr from FY2022.

Growth Quality 52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
119B IDR
Latest YoY
+23.9%
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.
+40.8%
Revenue +40.8%/yr
FY22 42.6B IDR
FY23 100B IDR
FY24 96.0B IDR
FY25 119B IDR
Net income −26.0%/yr
FY22 3.7B IDR
FY23 4.7B IDR
FY24 1.2B IDR
FY25 1.5B IDR

BRRC screens 19% overvalued. Compare with Nestlé India Limited →

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Cite: Fair Value Calculator (2026). "PT Raja Roti Cemerlang Tbk, a food processing company, Fair Value". https://www.fairvalue-calculator.com/stock/BRRC

Peer Group

Packaged Foods · 649 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 35 · Bottom 25%
Fair Value upside −19% · Below median
Return on equity (TTM) 2% · Below median
Return on assets 3% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 6% · Above median
Revenue growth -3% · Bottom 25%
Debt / equity 0.05× · Lower 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 8 · sector 28
FUTURE 0 · sector 20
PAST 9 · sector 27
HEALTH 97 · sector 96
DIVIDEND 0 · sector 47

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 Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,427 ₹362.37 -75%
Britannia Industries Limited BRITANNIA ₹5,413 ₹1,870 -65%
Tata Consumer Products Limited TATACONSUM ₹1,089 ₹327.27 -70%
PT Indofood CBP Sukses Makmur Tbk ICBP 6,650 IDR 15,757 IDR +137%
Samyang Foods Co 003230 1,139,000 KRW 1,010,543 KRW -11%
Patanjali Foods Limited PATANJALI ₹413.80 ₹157.04 -62%
Vietnam Dairy Products Joint Stock Company VNM 58,500 VND 68,259 VND +17%
PT Mayora Indah Tbk, MYOR 1,750 IDR 2,699 IDR +54%
PT Cisarua Mountain Dairy Tbk CMRY 4,490 IDR 4,355 IDR -3%
Nongshim Co 004370 348,500 KRW 530,619 KRW +52%

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Frequently asked questions

Is PT Raja Roti Cemerlang Tbk, a food processing company, (BRRC) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of 47.64 IDR versus a price of 59.00 IDR, about −19% (overvalued).
What is the fair value of BRRC?
Our model-based fair value for PT Raja Roti Cemerlang Tbk, a food processing company, is 47.64 IDR (as of Jul 15, 2026), built from audited fundamentals. The current price is 59.00 IDR.
What is the quality score of BRRC?
PT Raja Roti Cemerlang Tbk, a food processing company, has a Quality Score of 35/100. 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 Raja Roti Cemerlang Tbk, a food processing company, (BRRC)?
PT Raja Roti Cemerlang Tbk, a food processing company, reported trailing-twelve-month revenue of about 118B IDR (latest available figure, as of Jul 15, 2026).
What is the net profit margin of BRRC?
The net profit margin of PT Raja Roti Cemerlang Tbk, a food processing company, is about 1.5%, meaning it keeps roughly 1.5% 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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