PT Carsurin Tbk (CRSN) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of PT Carsurin Tbk IDR 52, price IDR 128, upside -59.1%, quality 46 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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PT Carsurin Tbk, togther with its subsidiaries, provides technical risk and technology solutions in Indonesia.
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PT Carsurin Tbk, togther with its subsidiaries, provides technical risk and technology solutions in Indonesia. The company offers survey, inspection, laboratory, UAV, audit, compliance, consultancy, analysis, testing, assessment, verification, and validation services to agriculture, consumer product and retail, coal and coke, electric vehicle, environment, marine and offshore, minerals and metals, oil and gas, and petroleum and petrochemicals industries. It is also involved in oil and gas installation; wholesale of machinery, equipment, and other supplies; laboratory testing services; mining and quarrying support activities; other technical analysis and testing; other professional, scientific, and technical activities; business consultancy and brokerage activities; and forestry planning. The company was founded in 1968 and is headquartered in Jakarta Barat, Indonesia.
Stock analysis
PT Carsurin Tbk (CRSN) currently trades at 128.00 IDR, while our model-based Fair Value estimate is 52.31 IDR, implying the stock looks roughly 144.7% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 69.68 IDR per share, and 4 of the 26 models we run sit above the 128.00 IDR price.
Bear case: the Earnings-Based group reads lowest at 23.29 IDR, and 22 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: 30.75 IDR (bear) to 52.31 IDR (bull), the price of 128.00 IDR sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 46/100 (below-average quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
PT Carsurin Tbk reported revenue of 505B IDR in FY2025 versus 319B IDR in FY2021, a compound +12.2%/yr. Reported net income was 5.6B IDR in FY2025, compounding −27.9%/yr from FY2021.
Key figures
Market cap 370B IDR (≈ $20.7M) · P/S ratio 0.56 · Dividend yield 2.4% · Net margin 1.1% · Return on equity 2.6% · Return on assets (EBIT) 17.6% · Operating margin 7.4% · Revenue (TTM) 507B IDR.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 29% below its 52-week high and 41% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 0% fair-value upside, at −59%, CRSN screens richer than that median.
Fair Value models
Bear 30.75 IDRFair Value 52.31 IDRBull 52.31 IDR
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+12.6%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+11.6%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+12.6%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in IDR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in IDR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−20.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−22.5%
Dividend (yield on the price)2.4%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.9% → 6%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+33.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Indonesia: IMF forecast 2.6% a year to 2030, 2.9% from 2016 to 2025) that is about +30.0% a year for the price.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Specialty Business Services · 249 stocks
Beats the industry median on 3/10 measures
Overall it trails its industry peers.
Valuation
Quality Score46 · Below median
Fair Value upside−60% · Bottom 25%
Profitability
Return on equity (TTM)3% · Below median
Return on assets5% · Above median
Net margin (TTM)1% · Below median
Operating margin (TTM)7% · Above median
Growth and dividend
Revenue growth2% · Below median
Dividend yield (TTM)2.4% · Below median
Balance sheet
Debt / equity0.21× · Above median
Valuation Multiplesvs Specialty Business Services median · lower = cheaper
P/FCF0.0× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 46
FUTURE (revenue growth)10· sector 27
PAST (return on equity)11· sector 36
HEALTH (low debt)90· sector 90
DIVIDEND (yield)47· sector 54
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is PT Carsurin Tbk (CRSN) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 52.31 IDR versus a price of 128.00 IDR, about −59% upside (overvalued).
What is the fair value of CRSN?
Our model-based fair value for PT Carsurin Tbk is 52.31 IDR (as of Sep 24, 2026), built from audited fundamentals. The current price: 128.00 IDR.
What is the quality score of CRSN?
PT Carsurin 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 price target for PT Carsurin Tbk (CRSN)?
Our model-based price target is the fair value of 52.31 IDR (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 30.75 IDR, optimistic scenario 52.31 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the PT Carsurin Tbk stock forecast for 2026?
Our models put fair value at 52.31 IDR, about −59% upside versus a price of 128.00 IDR (overvalued). Cautious scenario 30.75 IDR, optimistic scenario 52.31 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of PT Carsurin Tbk (CRSN)?
PT Carsurin Tbk reported trailing-twelve-month revenue of about 507B IDR (latest available figure, as of Sep 24, 2026).
Does PT Carsurin Tbk pay a dividend?
PT Carsurin Tbk currently shows a dividend yield of about 2.35% relative to its recent price (as of Sep 24, 2026).
What growth is priced into PT Carsurin Tbk (CRSN)?
For today's price to be fair in a discounted-cash-flow model, PT Carsurin Tbk would have to grow free cash flow by +33.4 % per year for five years (discount rate 10.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +12.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of CRSN use?
Our models discount PT Carsurin Tbk at 10.5 %: a base by market capitalisation (nano), damped by beta 0.39, country premium for Indonesia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For PT Carsurin Tbk that is +33.4 % per year a year over ten years, using the same discount rate (10.5 %) and the same formula as our fair value.
How much growth has PT Carsurin Tbk (CRSN) delivered so far?
Over the past 5 years revenue at PT Carsurin Tbk grew +12.6 % a year. The price currently implies +33.4 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of PT Carsurin Tbk (CRSN) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into PT Carsurin Tbk (+33.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of PT Carsurin Tbk (CRSN)?
The free-cash-flow yield on the price is 1.77 %: that much free cash flow PT Carsurin Tbk produces per unit of market value. When it exceeds the discount rate of our models (10.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of PT Carsurin Tbk (CRSN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For PT Carsurin Tbk it is 52.31 IDR per share (as of Sep 24, 2026), against a price of 128.00 IDR. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is PT Carsurin Tbk stock overvalued or undervalued in 2026?
As of Sep 24, 2026, CRSN trades above its calculated fair value: price 128.00 IDR, fair value 52.31 IDR, a gap of about −59% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CRSN?
No. The price is what the market pays today (128.00 IDR); the fair value is what the company's own numbers justify (52.31 IDR). For PT Carsurin Tbk the two are 75.69 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is PT Carsurin Tbk worth?
The market values PT Carsurin Tbk at about 370B IDR (market capitalisation, as of Sep 24, 2026). Per share that is 128.00 IDR; our models calculate a fair value of 52.31 IDR per share.
What do the bullish and bearish scenarios say about CRSN?
Our models span a range for PT Carsurin Tbk: cautious scenario 30.75 IDR, base 52.31 IDR, optimistic 52.31 IDR per share (as of Sep 24, 2026, price 128.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of PT Carsurin Tbk (CRSN)?
Balance-sheet figures for PT Carsurin Tbk (as of Sep 24, 2026): return on equity 2.6%, debt of 0.21 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is CRSN from its 52-week high?
PT Carsurin Tbk trades at 128.00 IDR, about 29% below its 52-week high of 179.41 IDR and 41% above the low of 91.00 IDR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 52.31 IDR is for.
Which stocks are comparable to PT Carsurin Tbk?
From the same area (Industrials) we also value Cintas Corporation, Thomson Reuters Corporation, Copart, Inc, Global Payments Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is PT Carsurin Tbk stock attractive at the current price?
The data as of Sep 24, 2026: price 128.00 IDR, calculated fair value 52.31 IDR (−59%), Quality Score 46/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CRSN calculated?
We run PT Carsurin Tbk through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 52.31 IDR, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0 % above its aggregate fair value. PT Carsurin Tbk itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of PT Carsurin Tbk (CRSN)?
The closing price on Sep 24, 2026 was 128.00 IDR. Our model-based fair value is 52.31 IDR, about −59% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with PT Carsurin Tbk right now?
The price sits above even our optimistic bull case (52.31 IDR). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of PT Carsurin Tbk
How large is the market capitalisation of PT Carsurin Tbk (CRSN)?
The market capitalisation of PT Carsurin Tbk is 370B IDR (≈ $20.7M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of PT Carsurin Tbk (CRSN)?
The price-to-sales ratio of PT Carsurin Tbk is 0.56 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of PT Carsurin Tbk (CRSN)?
The dividend yield of PT Carsurin Tbk is 2.4%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of PT Carsurin Tbk (CRSN)?
The net margin of PT Carsurin Tbk is 1.1% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of PT Carsurin Tbk (CRSN)?
The return on equity (ROE) of PT Carsurin Tbk is 2.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of PT Carsurin Tbk (CRSN)?
On an EBIT basis the return on assets of PT Carsurin Tbk is 17.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of PT Carsurin Tbk (CRSN)?
The operating margin of PT Carsurin Tbk is 7.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at PT Carsurin Tbk (CRSN)?
Revenue at PT Carsurin Tbk is growing +2.0% versus a year earlier (3y avg +11.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at PT Carsurin Tbk (CRSN)?
Earnings per share at PT Carsurin Tbk are growing +16.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does PT Carsurin Tbk (CRSN) carry?
The net debt of PT Carsurin Tbk is 61.0B IDR (fiscal year 2024, ≈ 9.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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