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PT Cemindo Gemilang Tbk, (CMNT) Fair Value & Analysis

Basic Materials · ID · Market cap 13.4T IDR

PC PT Cemindo Gemilang Tbk, CMNT · JK
Price800.00 IDR
Fair Value468.36 IDR
Upside-41.5%
Quality46/100
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Mixed Growth
Thin margins · 0.6% net margin
High debt · generates free cash flow
Trails peers (3/13)
Narrow moat 29/100
Evidence: Medium Range 437.70 IDR – 641.80 IDR Share as image

Fair value as of: Jul 13, 2026

From 14 valuation models · updated 28 days ago

Fair value updated Jul 13, 2026, revised from 455.07 IDR to 468.36 IDR (+2.9%) since Jun 24, 2026. Share price +0.6% over the past month.

Below-average quality, and screening another 41% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (641.80 IDR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

1,185 IDR 620.00 IDR Fair Value 468.36 IDR Sep 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

59‑month range 620.00 IDR – 1,185 IDR · fair‑value band 437.70 IDR – 641.80 IDR · the 800.00 IDR price screens above the 468.36 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

PT Cemindo Gemilang Tbk, (CMNT) currently trades at 800.00 IDR, while our model-based Fair Value estimate is 468.36 IDR, implying the stock looks roughly 41.5% overvalued today. The Quality Score stands at 46/100 (below-average quality), in the Basic Materials 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 Cemindo Gemilang Tbk, generated revenue of 9.1T IDR at a net margin of 0.6%. Revenue grew 7.9% year over year. It earns a return on equity of 2.2%. Net debt stands at 8.3T IDR. Fundamentals as of Jul 13, 2026

Our scenario range runs from 437.70 IDR (bear case) to 641.80 IDR (bull case); at 800.00 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 15% below its 52-week high and 34% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -59% fair-value upside, at -41%, CMNT 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 BearBaseBull Evidence
Highest evidence
Growth DCF 176.54 IDR 373.51 IDR 672.41 IDR 80
Rev-Margin DCF 99.14 IDR 303.78 IDR 528.71 IDR 74
ROIC Compounder 91.12 IDR 167.95 IDR 264.98 IDR 72
All 14 models by family
DCF Models
FCF DCF 157.60 IDR 362.23 IDR 687.98 IDR 38
Owner Earnings 93.38 IDR 31
5Y Revenue Exit 99.14 IDR 296.80 IDR 548.75 IDR 39
5Y EBITDA Exit 242.65 IDR 545.97 IDR 897.12 IDR 41
10Y Revenue Exit 104.03 IDR 285.04 IDR 498.75 IDR 36
10Y EBITDA Exit 207.20 IDR 455.22 IDR 748.63 IDR 37
Earnings-Based
EPV 91.12 IDR 164.39 IDR 229.53 IDR 59
Multiples
EV/EBIT 160.32 IDR 321.80 IDR 483.27 IDR 53
EV/EBITDA 382.06 IDR 617.44 IDR 852.83 IDR 54
EV/Revenue 95.73 IDR 275.66 IDR 455.59 IDR 43
Asset-Based
NCAV (Graham) 75.85 IDR 101.63 IDR 151.69 IDR 50
Growth DCF
Growth DCF 176.54 IDR 373.51 IDR 672.41 IDR 80
Rev-Margin DCF 99.14 IDR 303.78 IDR 528.71 IDR 74
Economic Profit
ROIC Compounder 91.12 IDR 167.95 IDR 264.98 IDR 72

Widest divergence: DCF Models (362.23 IDR) versus Asset-Based (101.63 IDR). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 9.1T IDR
Revenue growth (YoY) +7.9%
Net margin 0.6%
Return on equity 2.2%
Free cash flow 757B IDR FY2025
P/E ratio 256.6
More key figures
Operating margin 4.3%
EPS (TTM) 3.02 IDR
EPS growth (YoY) +220%
Net debt 8.3T IDR FY2025

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 42 · Market factors (momentum, volatility) 53

Profitability 16
Margins and returns on capital today
Quality Growth 65
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 6
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 79
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 47
Distance to the 52-week high (market factor)
Net Issuance 59
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 Cemindo Gemilang Tbk, together with its subsidiaries, engages in the manufacture and sale of cement and clinker, and ready-mix concrete in Indonesia, Vietnam, and internationally. It operates through three segments: Cement and Clinker, Concrete Products, and Others.

Full company description

PT Cemindo Gemilang Tbk, together with its subsidiaries, engages in the manufacture and sale of cement and clinker, and ready-mix concrete in Indonesia, Vietnam, and internationally. It operates through three segments: Cement and Clinker, Concrete Products, and Others. The company is also involved in limestone quarrying; marine transportation and port services; wastewater management and drainage businesses; mining; and trucking transportation services; and provision of cement packing services. It also provides precast concrete and aggregate products. PT Cemindo Gemilang Tbk was founded in 2011 and is based in Jakarta Selatan, Indonesia. The company operates as a subsidiary of WH Investment Pte. Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Cemindo Gemilang Tbk, reported revenue of 9.0T IDR in FY2025 versus 8.3T IDR in FY2021, a compound +2.0%/yr. Reported net income was −150B IDR in FY2025.

Growth Quality 59/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
9.0T IDR
Latest YoY
+1.3%
Avg. growth/yr (3Y)
−2.5%
Avg. growth/yr (5Y)
+4.6%
Avg. growth/yr (7Y)
+4.9%
Revenue +2.0%/yr
FY21 8.3T IDR
FY22 9.7T IDR
FY23 9.6T IDR
FY24 8.9T IDR
FY25 9.0T IDR
Net income
FY21 222B IDR
FY22 −88.2B IDR
FY23 155B IDR
FY24 −716B IDR
FY25 −150B IDR

CMNT screens 41% overvalued. Compare with CRH plc →

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

Peer Group

Building Materials · 254 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 46 · Below median
Fair Value upside −42% · Below median
Return on equity (TTM) 2% · Below median
Return on assets 3% · Above median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 4% · Below median
Revenue growth 8% · Above median
Debt / equity 2.35× · Higher than 75% of peers

Valuation Multiples vs Building Materials median · lower = cheaper

P/E (TTM) 263.5× · Pricier than 75% of peers
P/B 5.14× · Pricier than 75% of peers
P/S (TTM) 1.46× · Pricier than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 11.6× · Pricier 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 0 · sector 28
FUTURE 40 · sector 2
PAST 9 · sector 15
HEALTH 0 · 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 Building Materials stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
CRH plc CRH $102.92 $70.57 -31%
UltraTech Cement Limited ULTRACEMCO ₹11,711 ₹4,719 -60%
China Jushi Co 600176 ¥54.52 ¥13.95 -74%
Grasim Industries Limited GRASIM ₹3,073 ₹1,245 -59%
CEMEX, S.A. CEMEXCPO 21.71 MXN 15.42 MXN -29%
Anhui Conch Cement Company 600585 ¥16.99 ¥26.14 +54%
Ambuja Cements Limited AMBUJACEM ₹435.25 ₹227.96 -48%
Shree Cement Limited SHREECEM ₹26,930 ₹8,215 -69%
TCC Group 1101B 43.70 TWD 10.48 TWD -76%
Taiwan Glass Ind. Corp 1802 53.30 TWD 13.98 TWD -74%

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Frequently asked questions

Is PT Cemindo Gemilang Tbk, (CMNT) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of 468.36 IDR versus a price of 800.00 IDR, about −41% (overvalued).
What is the fair value of CMNT?
Our model-based fair value for PT Cemindo Gemilang Tbk, is 468.36 IDR (as of Jul 13, 2026), built from audited fundamentals. The current price is 800.00 IDR.
What is the quality score of CMNT?
PT Cemindo Gemilang Tbk, has a Quality Score of 46/100. 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 Cemindo Gemilang Tbk, (CMNT)?
PT Cemindo Gemilang Tbk, reported trailing-twelve-month revenue of about 9.1T IDR (latest available figure, as of Jul 13, 2026).
What is the net profit margin of CMNT?
The net profit margin of PT Cemindo Gemilang Tbk, is about 0.6%, meaning it keeps roughly 0.6% 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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