PT Budi Starch & Sweetener Tbk, (BUDI) Fair Value & Analysis
Consumer Defensive · ID · Market cap 925B IDR
Fair value as of: Jul 16, 2026
From 14 valuation models · updated 25 days ago
Share price +4.9% over the past month.
Below-average quality, screening 91% undervalued on our models.
What matters now
- The large discount to fair value meets weak quality (42/100). That raises the risk this is a value trap rather than a bargain.
- The price is below even our cautious bear case (293.20 IDR). The market is more pessimistic than our downside scenario.
- A fairly wide model range (293.20 IDR to 536.17 IDR) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
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 84.98 IDR – 272.57 IDR · fair‑value band 293.20 IDR – 536.17 IDR · the 216.00 IDR price screens below the 412.43 IDR fair value. Dashed = 300-day average. As of Jul 16, 2026.
Analysis
PT Budi Starch & Sweetener Tbk, (BUDI) currently trades at 216.00 IDR, while our model-based Fair Value estimate is 412.43 IDR, implying the stock looks roughly 90.9% undervalued today. The Quality Score stands at 42/100 (below-average quality), in the Consumer Defensive 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 Budi Starch & Sweetener Tbk, generated revenue of 3.4T IDR at a net margin of 3.6%. Revenue grew 29.4% year over year. It earns a return on equity of 7.8%. Net debt stands at 1.9T IDR. Fundamentals as of Jul 16, 2026
Our scenario range runs from 293.20 IDR (bear case) to 536.17 IDR (bull case); at 216.00 IDR, the current price sits below 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 17% below its 52-week high and 11% 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 91%, BUDI screens cheaper 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.
All 14 models by family
Widest divergence: Multiples (498.20 IDR) versus Asset-Based (231.44 IDR). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 38 · Market factors (momentum, volatility) 52
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 Budi Starch & Sweetener Tbk, together with its subsidiaries, manufactures and sells tapioca and modified tapioca starch, sweeteners, plastic packaging, sulfuric acid, and other chemicals in Indonesia and internationally. The company operates through the Tapioca Starch, Sweeteners, Sulfuric Acid and Other Products, and Plastic Packaging segments.
Full company description
PT Budi Starch & Sweetener Tbk, together with its subsidiaries, manufactures and sells tapioca and modified tapioca starch, sweeteners, plastic packaging, sulfuric acid, and other chemicals in Indonesia and internationally. The company operates through the Tapioca Starch, Sweeteners, Sulfuric Acid and Other Products, and Plastic Packaging segments. It offers tapioca flour; glucose and fructose; maltodextrin; plastic sacks; and sulfuric acid. The company was formerly known as PT Budi Acid Jaya Tbk and changed its name to PT Budi Starch & Sweetener Tbk in July 2013. PT Budi Starch & Sweetener Tbk was founded in 1979 and is headquartered in Jakarta Selatan, Indonesia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
PT Budi Starch & Sweetener Tbk, reported revenue of 3.2T IDR in FY2025 versus 3.4T IDR in FY2021, a compound −1.5%/yr. Reported net income was 107B IDR in FY2025, compounding +6.4%/yr from FY2021.
of which total revenue +5.1 pp · buybacks/dilution −0.6 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
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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.
Valuation Multiples vs Packaged Foods median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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 16, 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
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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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