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PT. Clipan Finance Indonesia Tbk (CFIN) Fair Value & Analysis

Financial Services · ID · Market cap 1.3T IDR

PC PT. Clipan Finance Indonesia Tbk CFIN · JK
Price350.00 IDR
Fair Value664.00 IDR
Upside+89.7%
Quality65/100
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Weak Growth
Highly profitable · 37.0% net margin
Moderate debt · generates free cash flow
Ranks above peers (12/15)
Moderate moat 63/100
Evidence: High Range 451.18 IDR – 922.73 IDR Share as image

Fair value as of: Jul 12, 2026

From 11 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from 756.00 IDR to 664.00 IDR (−12.2%) since Jun 26, 2026. Share price +5.4% over the past month.

A solid business, screening 90% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (451.18 IDR). The market is more pessimistic than our downside scenario.
  • Solid quality (65/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (451.18 IDR to 922.73 IDR) leaves room in how you read the outcome.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

534.89 IDR 143.36 IDR Fair Value 664.00 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range 143.36 IDR – 534.89 IDR · fair‑value band 451.18 IDR – 922.73 IDR · the 350.00 IDR price screens below the 664.00 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

PT. Clipan Finance Indonesia Tbk (CFIN) currently trades at 350.00 IDR, while our model-based Fair Value estimate is 664.00 IDR, implying the stock looks roughly 89.7% undervalued today. The Quality Score stands at 65/100 (solid quality), in the Financial Services 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: high), always confirm before acting.

Over the trailing twelve months, PT. Clipan Finance Indonesia Tbk generated revenue of 639B IDR at a net margin of 37.0%. Revenue grew 34.3% year over year. It earns a return on equity of 4.1%. Net debt stands at 3.5T IDR. Fundamentals as of Jul 12, 2026

Our scenario range runs from 451.18 IDR (bear case) to 922.73 IDR (bull case); at 350.00 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 3% below its 52-week high and 22% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -41% fair-value upside, at 90%, CFIN 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 1,747 IDR 3,473 IDR 6,395 IDR 80
Residual Income 1,089 IDR 1,078 IDR 969.43 IDR 76
Rev-Margin DCF 311.10 IDR 745.05 IDR 1,206 IDR 74
All 11 models by family
DCF Models
Owner Earnings 466.56 IDR 1,353 IDR 31
5Y P/E Exit 295.06 IDR 705.32 IDR 1,122 IDR 38
10Y P/E Exit 755.50 IDR 1,252 IDR 1,837 IDR 35
Earnings-Based
Graham-Dodd 362.17 IDR 1,295 IDR 1,744 IDR 54
Lynch FV 304.97 IDR 435.67 IDR 566.37 IDR 50
Multiples
P/E Multiple 519.29 IDR 692.38 IDR 865.48 IDR 63
P/B Multiple 679.07 IDR 905.42 IDR 1,132 IDR 55
Asset-Based
NCAV (Graham) 726.06 IDR 972.92 IDR 1,452 IDR 50
Growth DCF
Growth DCF 1,747 IDR 3,473 IDR 6,395 IDR 80
Rev-Margin DCF 311.10 IDR 745.05 IDR 1,206 IDR 74
Economic Profit
Residual Income 1,089 IDR 1,078 IDR 969.43 IDR 76

Widest divergence: Economic Profit (1,078 IDR) versus Earnings-Based (435.67 IDR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 639B IDR
Revenue growth (YoY) +34.3%
Net margin 37.0%
Return on equity 4.1%
Free cash flow 823B IDR FY2025
P/E ratio 5.6
More key figures
Operating margin 38.7%
EPS (TTM) 59.36 IDR
EPS growth (YoY) +69.4%
Net debt 3.5T IDR FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 65/100

Of which business quality 61 · Market factors (momentum, volatility) 77

Profitability 29
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 45
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 92
Calm price path (market factor)
Momentum 64
Price trend over the last 3–12 months (market factor)
52W Momentum 83
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. Clipan Finance Indonesia Tbk operates as a financing institution in Indonesia. The operates through four segments: Factoring; Sale and Leaseback; Finance Lease; and Consumer Financing. The company offers investment financing, working capital financing, multipurpose financing, operational leasing, and other financing services.

Full company description

PT. Clipan Finance Indonesia Tbk operates as a financing institution in Indonesia. The operates through four segments: Factoring; Sale and Leaseback; Finance Lease; and Consumer Financing. The company offers investment financing, working capital financing, multipurpose financing, operational leasing, and other financing services. It also provides new and used car financing, fleet financing, cash fund financing, and heavy equipment financing. The company was founded in 1982 and is headquartered in Jakarta, Indonesia. PT. Clipan Finance Indonesia Tbk is a subsidiary of PT Bank Pan Indonesia Tbk.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT. Clipan Finance Indonesia Tbk reported revenue of 1.4T IDR in FY2025 versus 1.3T IDR in FY2021, a compound +2.9%/yr. Reported net income was 212B IDR in FY2025, compounding +46.3%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.4T IDR
Latest YoY
−9.5%
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.
+3.4%
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.
−3.3%
Avg. growth/yr (23Y) 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.
+17.5%
Revenue +2.9%/yr
FY21 1.3T IDR
FY22 1.3T IDR
FY23 1.6T IDR
FY24 1.6T IDR
FY25 1.4T IDR
Net income +46.3%/yr
FY21 46.3B IDR
FY22 311B IDR
FY23 815B IDR
FY24 215B IDR
FY25 212B IDR
Character of growth · EPS growth decomposed (2014-2025) +3.6 % p.a.
Revenue per share +4.5 pp

of which total revenue +4.7 pp · buybacks/dilution −0.2 pp

EBIT margin −1.1 pp
Tax rate +0.6 pp
Residual (interest, one-offs) −0.3 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. Clipan Finance Indonesia Tbk Fair Value". https://www.fairvalue-calculator.com/stock/CFIN

Peer Group

Credit Services · 331 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 65 · Top 25%
Fair Value upside +90% · Top 25%
Return on equity (TTM) 4% · Below median
Return on assets 2% · Below median
Net margin (TTM) 37% · Top 25%
Operating margin (TTM) 39% · Above median
Revenue growth 34% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.60× · Lower than median

Valuation Multiples vs Credit Services median · lower = cheaper

P/E (TTM) 5.6× · Cheaper than 75% of peers
P/B 0.23× · Cheaper than 75% of peers
P/S (TTM) 2.07× · Cheaper than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 7.8× · Cheaper than median
PEG 0.39× · Cheaper than 75% of peers

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 37
FUTURE 100 · sector 39
PAST 16 · sector 32
HEALTH 70 · sector 58
DIVIDEND 0 · sector 51

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 Credit Services stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Visa Inc V $348.97 $204.19 -41%
Mastercard Incorporated MA $537.70 $221.87 -59%
American Express Company AXP $358.44 $206.40 -42%
Bajaj Finance Limited BAJFINANCE ₹1,056 ₹397.61 -62%
Shriram Finance Limited SHRIRAMFIN ₹1,024 ₹553.83 -46%
Cholamandalam Investment and Finance Company CHOLAFIN ₹1,808 ₹796.52 -56%
Tata Capital Limited TATACAP ₹360.60 ₹229.85 -36%
Power Finance Corporation PFC ₹405.10 ₹810.20 +100%
Muthoot Finance Limited MUTHOOTFIN ₹3,129 ₹3,463 +11%
Indian Railway Finance Corporation IRFC ₹88.41 ₹69.72 -21%

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Frequently asked questions

Is PT. Clipan Finance Indonesia Tbk (CFIN) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of 664.00 IDR versus a price of 350.00 IDR, about +90% (undervalued).
What is the fair value of CFIN?
Our model-based fair value for PT. Clipan Finance Indonesia Tbk is 664.00 IDR (as of Jul 12, 2026), built from audited fundamentals. The current price is 350.00 IDR.
What is the quality score of CFIN?
PT. Clipan Finance Indonesia Tbk has a Quality Score of 65/100. 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. Clipan Finance Indonesia Tbk (CFIN)?
PT. Clipan Finance Indonesia Tbk reported trailing-twelve-month revenue of about 639B IDR (latest available figure, as of Jul 12, 2026).
What is the net profit margin of CFIN?
The net profit margin of PT. Clipan Finance Indonesia Tbk is about 37.0%, meaning it keeps roughly 37.0% 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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