Dharma Samudera Fishing Tbk (DSFI) fair value: what the stock is really worth
As of Oct 14, 2026: fair value of Dharma Samudera Fishing Tbk IDR 147, price IDR 79, upside +86.5%, quality 61 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 3, 2026.
How to read this chart
60‑month range 50.00 IDR – 132.00 IDR · fair‑value band 103.11 IDR – 191.49 IDR · the 79.00 IDR price screens below the 147.30 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 3, 2026.
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PT Dharma Samudera Fishing Industries Tbk engages in the collecting, buying, processing, marketing, and trading of fishing products in Indonesia, the United States, Europe, Australia, Indonesia, and internationally.
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Its products include tuna, filet, octopus, local rupiah, cuttlefish, mahi-mahi, red or scarlet snapper, grouper, gold band snapper, whiting/kisu, red mullet and emperor, corvina, barramundi, red snapper bohar, squid, needlefish, milk fish, red belly fusilier, ruby snapper, fish heads, scrape fish, and other products.
PT Dharma Samudera Fishing Industries Tbk was founded in 1973 and is headquartered in Jakarta, Indonesia. PT Dharma Samudera Fishing Industries Tbk is a subsidiary of PT Marina Berkah Investama.
Stock analysis
Dharma Samudera Fishing Tbk (DSFI) currently trades at 79.00 IDR, while our model-based Fair Value estimate is 147.30 IDR, implying the stock looks roughly 46.4% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 228.58 IDR per share, and 22 of the 24 models we run sit above the 79.00 IDR price.
Bear case: the Earnings-Based group reads lowest at 71.65 IDR, and 2 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: 103.11 IDR (bear) to 191.49 IDR (bull), the price of 79.00 IDR sits below 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 61/100 (solid quality), in the Consumer Defensive sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Dharma Samudera Fishing Tbk reported revenue of 654B IDR in FY2025 versus 533B IDR in FY2021, a compound +5.3%/yr. Reported net income was 19.7B IDR in FY2025, compounding +7.8%/yr from FY2021.
Key figures
Market cap 147B IDR (≈ $8.2M) · P/E ratio 8.4 · P/S ratio 0.25 · EPS (TTM) 9.39 IDR · Net margin 3.0% · Return on equity 7.3% · Return on assets (EBIT) 6.2% · Operating margin 3.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 29 out of 100 (low confidence).
What moves the price
The share trades about 39% below its 52-week high and 44% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 10% fair-value upside, at 86%, DSFI screens cheaper than that median.
Fair Value models
Bear103.11 IDRFair Value 147.30 IDRBull191.49 IDR
Price 79.00 IDR · Upside +86.5%
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (7.41 IDR per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.
Best data coverage
FCF DCF133.55 IDR200.23 IDR298.35 IDR80
Growth DCF135.19 IDR193.65 IDR274.26 IDR79
Owner Earnings173.71 IDR261.76 IDR391.32 IDR76
All 24 models by family
DCF Models
FCF DCF133.55 IDR200.23 IDR298.35 IDR80
Owner Earnings173.71 IDR261.76 IDR391.32 IDR76
5Y Revenue Exit143.84 IDR228.58 IDR337.04 IDR72
5Y EBITDA Exit161.37 IDR261.48 IDR378.45 IDR75
5Y P/E Exit148.36 IDR237.07 IDR330.20 IDR70
10Y Revenue Exit134.36 IDR209.75 IDR311.51 IDR66
10Y EBITDA Exit149.64 IDR232.12 IDR342.50 IDR68
10Y P/E Exit141.52 IDR215.52 IDR306.39 IDR64
Earnings-Based
Graham-Dodd72.08 IDR228.22 IDR304.04 IDR64
Lynch FV50.16 IDR71.65 IDR93.15 IDR61
PEG = 1.050.16 IDR71.65 IDR93.15 IDR57
EPV129.74 IDR148.93 IDR165.49 IDR74
Multiples
P/E Multiple166.95 IDR222.60 IDR278.24 IDR63
P/S Multiple135.15 IDR180.20 IDR225.25 IDR58
P/B Multiple135.15 IDR180.20 IDR225.25 IDR55
EV/EBIT216.12 IDR285.43 IDR354.73 IDR66
EV/EBITDA198.03 IDR261.30 IDR324.58 IDR67
EV/Revenue156.60 IDR220.20 IDR283.80 IDR54
Asset-Based
NCAV (Graham)77.10 IDR103.31 IDR154.20 IDR54
Growth DCF
Growth DCF135.19 IDR193.65 IDR274.26 IDR79
Rev-Margin DCF143.84 IDR228.30 IDR325.67 IDR72
Economic Profit
Residual Income123.11 IDR127.87 IDR140.15 IDR71
ROIC Compounder129.74 IDR148.93 IDR177.29 IDR72
Growth Earnings
Growth-Adj P/E138.87 IDR198.38 IDR257.89 IDR67
P/S and P/B multiple show the same value here: both are capped by the same earnings anchor (earnings per share times 17), because margin and return on equity do not support the sector multiple.
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.81/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+13.6%
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.
+5.8%
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.
+12.3%
Start year 2020 (pandemic). Over 10 years: +1.6% a year
Revenue growth 25 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.
+4.3%
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What shareholders gained per year (last 5 years), in IDR (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+0.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+0.2%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.11.4% vs 5.2%, picking up
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.0% → 5%
2025 sits 58% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less 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).
+6.2%
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 +3.5% a year for the price.
Compare Dharma Samudera Fishing Tbk with another stock
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.Farm Products · 288 stocks
Beats the industry median on 11/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score61 · Above median
Fair Value upside+86.5% · Top 25%
Profitability
Return on equity (12 months)7.3% · Above median
Return on assets4.5% · Above median
Net margin (12 months)3.0% · Below median
Operating margin (12 months)3.6% · Below median
Growth and dividend
Revenue growth16.2% · Above median
Balance sheet
Debt / equity0.06× · Below median
Valuation Multiplesvs Farm Products median · lower = cheaper
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Is Dharma Samudera Fishing Tbk (DSFI) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of 147.30 IDR versus a price of 79.00 IDR, about +86% upside (undervalued).
What is the fair value of DSFI?
Our model-based fair value for Dharma Samudera Fishing Tbk is 147.30 IDR (as of Oct 3, 2026), built from audited fundamentals. The current price: 79.00 IDR.
What is the quality score of DSFI?
Dharma Samudera Fishing Tbk has a Quality Score of 61/100. 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 Dharma Samudera Fishing Tbk (DSFI)?
Our model-based price target is the fair value of 147.30 IDR (as of Oct 3, 2026) from 24 valuation models. Cautious scenario 103.11 IDR, optimistic scenario 191.49 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Dharma Samudera Fishing Tbk stock forecast for 2026?
Our models put fair value at 147.30 IDR, about +86% upside versus a price of 79.00 IDR (undervalued). Cautious scenario 103.11 IDR, optimistic scenario 191.49 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Dharma Samudera Fishing Tbk (DSFI)?
Dharma Samudera Fishing Tbk reported trailing-twelve-month revenue of about 680B IDR (latest available figure, as of Oct 3, 2026).
What growth is priced into Dharma Samudera Fishing Tbk (DSFI)?
For today's price to be fair in a discounted-cash-flow model, Dharma Samudera Fishing Tbk would have to grow free cash flow by +6.2 % 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 +12.3 % per year. As of Oct 3, 2026.
What discount rate (WACC) does the fair value of DSFI use?
Our models discount Dharma Samudera Fishing Tbk at 10.5 %: a base by market capitalisation (nano), damped by beta 0.16, 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 Dharma Samudera Fishing Tbk that is +6.2 % 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 Dharma Samudera Fishing Tbk (DSFI) delivered so far?
Over the past 5 years revenue at Dharma Samudera Fishing Tbk grew +12.3 % a year. The price currently implies +6.2 % 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 Dharma Samudera Fishing Tbk (DSFI) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Dharma Samudera Fishing Tbk (+6.2 % 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 Dharma Samudera Fishing Tbk (DSFI)?
The free-cash-flow yield on the price is 11.17 %: that much free cash flow Dharma Samudera Fishing 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 Dharma Samudera Fishing Tbk (DSFI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Dharma Samudera Fishing Tbk it is 147.30 IDR per share (as of Oct 3, 2026), against a price of 79.00 IDR. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Dharma Samudera Fishing Tbk stock overvalued or undervalued in 2026?
As of Oct 3, 2026, DSFI trades below its calculated fair value: price 79.00 IDR, fair value 147.30 IDR, a gap of about +86% (undervalued). 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 DSFI?
No. The price is what the market pays today (79.00 IDR); the fair value is what the company's own numbers justify (147.30 IDR). For Dharma Samudera Fishing Tbk the two are 68.30 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Dharma Samudera Fishing Tbk worth?
The market values Dharma Samudera Fishing Tbk at about 147B IDR (market capitalisation, as of Oct 3, 2026). Per share that is 79.00 IDR; our models calculate a fair value of 147.30 IDR per share.
What do the bullish and bearish scenarios say about DSFI?
Our models span a range for Dharma Samudera Fishing Tbk: cautious scenario 103.11 IDR, base 147.30 IDR, optimistic 191.49 IDR per share (as of Oct 3, 2026, price 79.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DSFI?
Dharma Samudera Fishing Tbk trades at a price-to-earnings ratio of 8.4 (as of Oct 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 147.30 IDR is built from several models across several years. Other multiples: P/B 0.5, P/S 0.2, EV/EBITDA 3.3.
How solid is the balance sheet of Dharma Samudera Fishing Tbk (DSFI)?
Balance-sheet figures for Dharma Samudera Fishing Tbk (as of Oct 3, 2026): return on equity 7.3%, debt of 0.06 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is DSFI from its 52-week high?
Dharma Samudera Fishing Tbk trades at 79.00 IDR, about 39% below its 52-week high of 130.00 IDR and 44% above the low of 55.00 IDR (as of Oct 14, 2026). Distance from the high says nothing about value: that is what the fair value of 147.30 IDR is for.
Which stocks are comparable to Dharma Samudera Fishing Tbk?
From the same area (Consumer Defensive) we also value Archer-Daniels-Midland Company, Muyuan Foods Group, Bunge Global SA, Tyson Foods, 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 Dharma Samudera Fishing Tbk stock attractive at the current price?
The data as of Oct 3, 2026: price 79.00 IDR, calculated fair value 147.30 IDR (+86%), Quality Score 61/100, from 24 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 DSFI calculated?
We run Dharma Samudera Fishing Tbk through 24 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 147.30 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 14.7 % above its aggregate fair value. Dharma Samudera Fishing Tbk currently trades 46 % below its own fair value, and the market average says nothing about that. 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 Dharma Samudera Fishing Tbk (DSFI)?
The closing price on Oct 14, 2026 was 79.00 IDR. Our model-based fair value is 147.30 IDR, about +86% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Dharma Samudera Fishing Tbk right now?
The price is below even our cautious bear case (103.11 IDR). The market is more pessimistic than our downside scenario. 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 quality (61/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (103.11 IDR to 191.49 IDR) leaves room in how you read the outcome.
Where does the earnings growth of Dharma Samudera Fishing Tbk (DSFI) come from?
Earnings per share at Dharma Samudera Fishing Tbk grew +4.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share +1.2 %, EBIT margin +1.8 %, tax rate +1.4 %, residual (interest, one-offs) −0.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Dharma Samudera Fishing Tbk
How large is the market capitalisation of Dharma Samudera Fishing Tbk (DSFI)?
The market capitalisation of Dharma Samudera Fishing Tbk is 147B IDR (≈ $8.2M). 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 Dharma Samudera Fishing Tbk (DSFI)?
The price-to-sales ratio of Dharma Samudera Fishing Tbk is 0.25 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Dharma Samudera Fishing Tbk (DSFI)?
Earnings per share at Dharma Samudera Fishing Tbk are 9.39 IDR (price ÷ EPS = P/E 8.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Dharma Samudera Fishing Tbk (DSFI)?
The net margin of Dharma Samudera Fishing Tbk is 3.0% (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 Dharma Samudera Fishing Tbk (DSFI)?
The return on equity (ROE) of Dharma Samudera Fishing Tbk is 7.3% (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 Dharma Samudera Fishing Tbk (DSFI)?
On an EBIT basis the return on assets of Dharma Samudera Fishing Tbk is 6.2% (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 Dharma Samudera Fishing Tbk (DSFI)?
The operating margin of Dharma Samudera Fishing Tbk is 3.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Dharma Samudera Fishing Tbk (DSFI)?
Revenue at Dharma Samudera Fishing Tbk is growing +16.2% versus a year earlier (3y avg +5.8%). 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 Dharma Samudera Fishing Tbk (DSFI)?
Earnings per share at Dharma Samudera Fishing Tbk are growing +20.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Dharma Samudera Fishing Tbk (DSFI) carry?
The net debt of Dharma Samudera Fishing Tbk is 50.4B IDR (fiscal year 2025, ≈ 3.1 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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Thin data
Oct 3, 2026