PT Indoritel Makmur Internasional Tbk., (DNET) Fair Value & Analysis
Communication Services · ID · Market cap 139T IDR
Fair value as of: Jul 14, 2026
From 14 valuation models · updated 27 days ago
Fair value updated Jul 14, 2026, revised from 1,947 IDR to 1,505 IDR (−22.7%) since Jun 24, 2026. Share price −0.3% over the past month.
A solid business, but screening 85% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (1,881 IDR). The favourable scenario is already priced in.
- Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.
How to read this chart
60‑month range 3,148 IDR – 11,294 IDR · fair‑value band 1,129 IDR – 1,881 IDR · the 9,775 IDR price screens above the 1,505 IDR fair value. Dashed = 300-day average. As of Jul 14, 2026.
Analysis
PT Indoritel Makmur Internasional Tbk., (DNET) currently trades at 9,775 IDR, while our model-based Fair Value estimate is 1,505 IDR, implying the stock looks roughly 84.6% overvalued today. The Quality Score stands at 50/100 (solid quality), in the Communication Services 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: high).
Over the trailing twelve months, PT Indoritel Makmur Internasional Tbk., generated revenue of 1.7T IDR at a net margin of 73.7%. Revenue grew 12.0% year over year. It earns a return on equity of 8.7%. Net debt stands at 6.3T IDR. Fundamentals as of Jul 14, 2026
Our scenario range runs from 1,129 IDR (bear case) to 1,881 IDR (bull case); at 9,775 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 14% below its 52-week high and 21% above its 52-week low, currently above its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 32% fair-value upside, at -85%, DNET screens richer 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: Growth Earnings (4,113 IDR) versus Dividend Discount (86.01 IDR). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 48 · Market factors (momentum, volatility) 58
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 Indoritel Makmur Internasional Tbk., together with its subsidiaries, provides optical fiber-based telecommunication data connection services primarily in Indonesia.
Full company description
PT Indoritel Makmur Internasional Tbk., together with its subsidiaries, provides optical fiber-based telecommunication data connection services primarily in Indonesia. The company offers optical fiber-based telecommunication data service products for home (fiber to the home)/broadband FTTH customers to telecommunications operators and internet service provider companies. It is also involved in the e-commerce businesses; rental of access points; and provision of installation, and repair and maintenance services. The company was formerly known as PT Dyviacom Intrabumi, Tbk. and changed its name to PT Indoritel Makmur Internasional Tbk. in June 2013. PT Indoritel Makmur Internasional Tbk. was founded in 1995 and is based in Jakarta Selatan, Indonesia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
PT Indoritel Makmur Internasional Tbk., reported revenue of 1.7T IDR in FY2025 versus 844B IDR in FY2021, a compound +19.1%/yr. Reported net income was 1.3T IDR in FY2025, compounding +7.9%/yr from FY2021.
DNET screens 85% overvalued. Compare with China Mobile Limited →
Peer Group
Telecom Services · 252 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 Telecom Services 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.
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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Telecom Services stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| China Mobile Limited 600941 | ¥89.98 | ¥109.88 | +22% |
| T-Mobile US, Inc TMUS | $187.61 | $172.67 | -8% |
| Bharti Airtel Limited BHARTIARTL | ₹1,922 | ₹941.55 | -51% |
| China Telecom Corporation 601728 | ¥6.01 | ¥8.36 | +39% |
| América Móvil, S.A. AMXB | 23.07 MXN | 30.35 MXN | +32% |
| Vodafone Group VODN | 259.50 MXN | 507.27 MXN | +95% |
| Advanced Info Service Public Company ADVANC | 379.00 THB | 286.77 THB | -24% |
| Chunghwa Telecom Co 2412 | 133.50 TWD | 100.00 TWD | -25% |
| China Unicom (Hong Kong) Limited 0762 | HK$6.50 | HK$13.03 | +100% |
| Telefónica, S.A TEFN | 75.67 MXN | 111.01 MXN | +47% |
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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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