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PT Bukaka Teknik Utama Tbk. (BUKK) Fair Value & Analysis

Industrials · ID · Market cap 3.0T IDR

PB PT Bukaka Teknik Utama Tbk. BUKK · JK
Price1,010 IDR
Fair Value2,377 IDR
Upside+135.3%
Quality42/100
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Weak Growth
Thin margins · 7.6% net margin
High debt · generates free cash flow
Ranks above peers (8/13)
Moderate moat 51/100
Evidence: Medium Range 1,907 IDR – 2,377 IDR Share as image

Fair value as of: Jul 17, 2026

From 20 valuation models · updated 24 days ago

Share price −4.7% over the past month.

Below-average quality, screening 135% 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 (1,907 IDR). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

2,400 IDR 690.00 IDR Fair Value 2,377 IDR Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range 690.00 IDR – 2,400 IDR · fair‑value band 1,907 IDR – 2,377 IDR · the 1,010 IDR price screens below the 2,377 IDR fair value. Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

PT Bukaka Teknik Utama Tbk. (BUKK) currently trades at 1,010 IDR, while our model-based Fair Value estimate is 2,377 IDR, implying the stock looks roughly 135.3% undervalued today. The Quality Score stands at 42/100 (below-average quality), in the Industrials 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 Bukaka Teknik Utama Tbk. generated revenue of 3.9T IDR at a net margin of 10.0%. Revenue declined 4.9% year over year. It earns a return on equity of 3.4%. Net debt stands at 13.6T IDR. Fundamentals as of Jul 17, 2026

Our scenario range runs from 1,907 IDR (bear case) to 2,377 IDR (bull case); at 1,010 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 63% below its 52-week high and 62% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at 135%, BUKK 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.

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
Growth DCF 262.23 IDR 80
Residual Income 2,131 IDR 2,180 IDR 2,185 IDR 76
Gordon GGM 120.51 IDR 263.10 IDR 442.67 IDR 70
All 20 models by family
DCF Models
FCF DCF 227.16 IDR 38
Owner Earnings 1,130 IDR 31
5Y EBITDA Exit 2,198 IDR 41
5Y P/E Exit 235.31 IDR 38
10Y EBITDA Exit 1,615 IDR 37
10Y P/E Exit 31.25 IDR 35
Earnings-Based
Graham-Dodd 1,017 IDR 3,711 IDR 5,008 IDR 54
Lynch FV 883.47 IDR 1,262 IDR 1,641 IDR 50
PEG = 1.0 883.47 IDR 1,262 IDR 1,641 IDR 46
Dividend Discount
Gordon GGM 120.51 IDR 263.10 IDR 442.67 IDR 70
DDM Multi-Stage 120.51 IDR 215.52 IDR 274.19 IDR 61
Multiples
P/E Multiple 2,355 IDR 3,140 IDR 3,925 IDR 63
P/S Multiple 1,907 IDR 2,542 IDR 3,178 IDR 58
P/B Multiple 1,907 IDR 2,542 IDR 3,178 IDR 55
EV/EBIT 415.51 IDR 1,707 IDR 53
EV/EBITDA 770.77 IDR 54
Asset-Based
NCAV (Graham) 1,354 IDR 1,815 IDR 2,709 IDR 50
Growth DCF
Growth DCF 262.23 IDR 80
Economic Profit
Residual Income 2,131 IDR 2,180 IDR 2,185 IDR 76
Growth Earnings
Growth-Adj P/E 1,664 IDR 2,377 IDR 3,090 IDR 68

Widest divergence: Multiples (2,542 IDR) versus Dividend Discount (215.52 IDR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 4.1T IDR
Revenue growth (YoY) -4.9%
Net margin 7.6%
Return on equity 2.7%
Free cash flow 370B IDR FY2025
P/E ratio 11.2
More key figures
Operating margin 35.4%
EPS (TTM) 100.01 IDR
EPS growth (YoY) +14.5%
Net debt 13.6T IDR FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 40 · Market factors (momentum, volatility) 41

Profitability 23
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 55
Earnings quality: real cash, not paper profit
Fin. Strength 22
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 38
Distance to the 52-week high (market factor)
Net Issuance 84
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 Bukaka Teknik Utama Tbk. operates in the infrastructure and metal construction industry in Indonesia. It engages in manufacturing and constructing transmission lines; telecommunication tower and shelter construction; producing steel and glass wall boarding bridges; and the engineering, procurement, fabrication, finishing, construction, installation, and …

Full company description

PT Bukaka Teknik Utama Tbk. operates in the infrastructure and metal construction industry in Indonesia. It engages in manufacturing and constructing transmission lines; telecommunication tower and shelter construction; producing steel and glass wall boarding bridges; and the engineering, procurement, fabrication, finishing, construction, installation, and service of steel bridges. The company manufactures oil and gas equipment, such as pumping units, gear reducers, mud tanks, and gas separators; and road construction equipment, including asphalt mixing plants, asphalt patch mixers, tandem vibration rollers, slurry seals, asphalt sprayers, road rollers, stone crushers, vibratory rollers, and road maintenance trucks. In addition, it provides design, construction, fabrication, installation, and maintenance services for the oil and gas industry; and manufactures firefighting trucks, aerial telescopic ladders, vacuum road sweepers, aerial platform articulating products, compactor and arm roll trucks, dump and v, vacuum trucks, fire jeeps, wrecker and catering trucks, and stick boom crane trucks, as well as service and recondition firefighting trucks. Further, the company provides galvanizing services; mining processing and ferro nickel mining trade businesses; manufacture of equipment machinery for mining, excavation, and construction activities; and engages in mini hydro power plant, as well as oil and gas services. Additionally, it operates and distributes hydropower energy, as well as offers consultancy services for hydropower energy; and manufactures and supplies automotive parts and other machinery components. The company was founded in 1978 and is headquartered in Bogor, Indonesia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Bukaka Teknik Utama Tbk. reported revenue of 3.9T IDR in FY2025 versus 3.9T IDR in FY2021, a compound +0.5%/yr. Reported net income was 395B IDR in FY2025, compounding −4.6%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
3.9T IDR
Latest YoY
+8.1%
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.
−1.7%
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.
−0.2%
Avg. growth/yr (13Y) 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.
+11.4%
Revenue +0.5%/yr
FY21 3.9T IDR
FY22 4.1T IDR
FY23 5.7T IDR
FY24 3.6T IDR
FY25 3.9T IDR
Net income −4.6%/yr
FY21 476B IDR
FY22 451B IDR
FY23 691B IDR
FY24 520B IDR
FY25 395B IDR
Character of growth · EPS growth decomposed (2014-2025) +24.6 % p.a.
Revenue per share +13.7 pp

of which total revenue +13.7 pp · buybacks/dilution +0.0 pp

EBIT margin +3.7 pp
Tax rate +0.1 pp
Residual (interest, one-offs) +7.1 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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Cite: Fair Value Calculator (2026). "PT Bukaka Teknik Utama Tbk. Fair Value". https://www.fairvalue-calculator.com/stock/BUKK

Peer Group

Engineering & Construction · 839 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 42 · Below median
Fair Value upside +135% · Top 25%
Return on equity (TTM) 3% · Below median
Return on assets 3% · Above median
Net margin (TTM) 8% · Top 25%
Operating margin (TTM) 35% · Top 25%
Revenue growth 28% · Top 25%
Debt / equity 1.90× · Higher than 75% of peers

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 11.2× · Cheaper than median
P/B 0.42× · Cheaper than 75% of peers
P/S (TTM) 0.72× · Pricier than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 14.7× · Pricier 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 100 · sector 16
FUTURE 100 · sector 17
PAST 11 · sector 26
HEALTH 5 · sector 94
DIVIDEND 0 · sector 33

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 Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹3,815 ₹1,994 -48%
Samsung C&T Corporation 028260 346,000 KRW 268,779 KRW -22%
Hyundai Engineering & Construction Co 000720 99,000 KRW 63,993 KRW -35%
United Integrated Services Co 2404 1,250 TWD 925.62 TWD -26%
Samsung E&A Co 028050 42,550 KRW 44,840 KRW +5%
Rail Vikas Nigam Limited RVNL ₹232.67 ₹61.46 -74%
Daewoo Engineering & Construction Co 047040 16,240 KRW 6,507 KRW -60%
NBCC (India) Limited NBCC ₹96.32 ₹48.22 -50%
Cemindia Projects Limited CEMPRO ₹1,330 ₹730.69 -45%
KEPCO Engineering & Construction Company 052690 92,700 KRW 20,172 KRW -78%

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Frequently asked questions

Is PT Bukaka Teknik Utama Tbk. (BUKK) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 2,377 IDR versus a price of 1,010 IDR, about +135% (undervalued).
What is the fair value of BUKK?
Our model-based fair value for PT Bukaka Teknik Utama Tbk. is 2,377 IDR (as of Jul 17, 2026), built from audited fundamentals. The current price is 1,010 IDR.
What is the quality score of BUKK?
PT Bukaka Teknik Utama Tbk. has a Quality Score of 42/100. 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 Bukaka Teknik Utama Tbk. (BUKK)?
PT Bukaka Teknik Utama Tbk. reported trailing-twelve-month revenue of about 3.9T IDR (latest available figure, as of Jul 17, 2026).
What is the net profit margin of BUKK?
The net profit margin of PT Bukaka Teknik Utama Tbk. is about 10.0%, meaning it keeps roughly 10.0% 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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