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PT Dwi Guna Laksana Tbk, (DWGL) Fair Value & Analysis

Energy · ID · Market cap 2.0T IDR

PD PT Dwi Guna Laksana Tbk, DWGL · JK
Price396.00 IDR
Fair Value461.88 IDR
Upside+16.6%
Quality59/100
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Healthy Growth
Thin margins · 6.5% net margin
Moderate debt · generates free cash flow
Ranks above peers (9/13)
Moderate moat 58/100
Evidence: High Range 290.60 IDR – 624.09 IDR Share as image

Fair value as of: Jul 14, 2026

From 24 valuation models · updated 27 days ago

Share price +76.8% over the past month.

A solid business, screening 17% undervalued on our models.

What matters now

  • A fairly wide model range (290.60 IDR to 624.09 IDR) leaves room in how you read the outcome.
  • Our model range runs from 290.60 IDR (bear) to 624.09 IDR (bull), base 461.88 IDR. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 59/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

950.00 IDR 96.00 IDR Fair Value 461.88 IDR Feb 2021 Aug 2026

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 96.00 IDR – 950.00 IDR · fair‑value band 290.60 IDR – 624.09 IDR · the 396.00 IDR price screens below the 461.88 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

PT Dwi Guna Laksana Tbk, (DWGL) currently trades at 396.00 IDR, while our model-based Fair Value estimate is 461.88 IDR, implying the stock looks roughly 16.6% undervalued today. The Quality Score stands at 59/100 (solid quality), in the Energy 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 Dwi Guna Laksana Tbk, generated revenue of 3.4T IDR at a net margin of 6.5%. Revenue declined 9.1% year over year. It earns a return on equity of 52.2%. Net debt stands at 10.8B IDR. Fundamentals as of Jul 14, 2026

Our scenario range runs from 290.60 IDR (bear case) to 624.09 IDR (bull case); at 396.00 IDR, the current price sits within 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 63% below its 52-week high and 101% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -12% fair-value upside, at 17%, DWGL 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 319.00 IDR 651.04 IDR 1,315 IDR 80
Rev-Margin DCF 334.69 IDR 678.62 IDR 1,194 IDR 74
ROIC Compounder 338.20 IDR 461.88 IDR 624.09 IDR 72
All 24 models by family
DCF Models
FCF DCF 333.88 IDR 575.59 IDR 1,291 IDR 38
Owner Earnings 407.22 IDR 955.12 IDR 2,157 IDR 31
5Y Revenue Exit 334.69 IDR 640.98 IDR 1,241 IDR 39
5Y EBITDA Exit 205.15 IDR 360.64 IDR 641.63 IDR 41
5Y P/E Exit 273.19 IDR 553.90 IDR 912.95 IDR 38
10Y Revenue Exit 321.31 IDR 696.70 IDR 1,152 IDR 36
10Y EBITDA Exit 241.55 IDR 445.26 IDR 800.95 IDR 37
10Y P/E Exit 290.60 IDR 577.33 IDR 1,065 IDR 35
Earnings-Based
Graham-Dodd 165.12 IDR 1,151 IDR 1,616 IDR 54
Lynch FV 343.17 IDR 490.25 IDR 637.32 IDR 50
PEG = 1.0 343.17 IDR 490.25 IDR 637.32 IDR 46
EPV 289.89 IDR 341.17 IDR 386.76 IDR 59
Multiples
P/E Multiple 254.96 IDR 339.94 IDR 424.93 IDR 63
P/S Multiple 309.59 IDR 412.79 IDR 515.99 IDR 58
P/B Multiple 72.96 IDR 97.27 IDR 121.59 IDR 55
EV/EBIT 264.59 IDR 353.02 IDR 441.46 IDR 53
EV/EBITDA 160.02 IDR 213.59 IDR 267.17 IDR 54
EV/Revenue 316.73 IDR 452.78 IDR 588.83 IDR 43
Asset-Based
NCAV (Graham) 27.02 IDR 36.21 IDR 54.04 IDR 50
Growth DCF
Growth DCF 319.00 IDR 651.04 IDR 1,315 IDR 80
Rev-Margin DCF 334.69 IDR 678.62 IDR 1,194 IDR 74
Economic Profit
Residual Income 215.17 IDR 333.14 IDR 5,430 IDR 61
ROIC Compounder 338.20 IDR 461.88 IDR 624.09 IDR 72
Growth Earnings
Growth-Adj P/E 401.29 IDR 573.28 IDR 745.26 IDR 68

Widest divergence: Growth DCF (651.04 IDR) versus Asset-Based (36.21 IDR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 3.4T IDR
Revenue growth (YoY) -9.1%
Net margin 6.5%
Return on equity 52.2%
Free cash flow 185B IDR FY2025
P/E ratio 11.2
More key figures
Operating margin 7.2%
EPS (TTM) 24.09 IDR
EPS growth (YoY) -4.4%
Net debt 10.8B IDR FY2025

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 60 · Market factors (momentum, volatility) 62

Profitability 68
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 46
Earnings quality: real cash, not paper profit
Fin. Strength 60
Balance sheet, leverage, solvency risk
Investment 47
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 71
Price trend over the last 3–12 months (market factor)
52W Momentum 61
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 Dwi Guna Laksana Tbk, together with its subsidiaries, engages in the coal mining and trading business in Indonesia. It has a concession area, which covers an area of 412.8 hectares located in South Kalimantan. The company was founded in 1986 and is headquartered in Jakarta Selatan, Indonesia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Dwi Guna Laksana Tbk, reported revenue of 3.5T IDR in FY2025 versus 2.3T IDR in FY2021, a compound +11.1%/yr. Reported net income was 225B IDR in FY2025, compounding +24.3%/yr from FY2021.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
3.5T IDR
Latest YoY
+4.8%
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.
+7.9%
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.
+17.4%
Avg. growth/yr (13Y) 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.
+14.1%
Revenue +11.1%/yr
FY21 2.3T IDR
FY22 2.8T IDR
FY23 3.3T IDR
FY24 3.3T IDR
FY25 3.5T IDR
Net income +24.3%/yr
FY21 94.2B IDR
FY22 3.4B IDR
FY23 15.6B IDR
FY24 118B IDR
FY25 225B IDR

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Cite: Fair Value Calculator (2026). "PT Dwi Guna Laksana Tbk, Fair Value". https://www.fairvalue-calculator.com/stock/DWGL

Peer Group

Thermal Coal · 101 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 59 · Top 25%
Fair Value upside +17% · Above median
Return on equity (TTM) 52% · Top 25%
Return on assets 13% · Top 25%
Net margin (TTM) 7% · Above median
Operating margin (TTM) 7% · Below median
Revenue growth -9% · Below median
Debt / equity 1.00× · Higher than 75% of peers

Valuation Multiples vs Thermal Coal median · lower = cheaper

P/E (TTM) 9.1× · Cheaper than 75% of peers
P/B 4.07× · Pricier than 75% of peers
P/S (TTM) 0.60× · Cheaper than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 6.1× · Cheaper than median

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 55 · sector 22
FUTURE 0 · sector 0
PAST 100 · sector 21
HEALTH 50 · sector 92
DIVIDEND 0 · sector 31

Insider activity: 35/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Coal Oil & gas

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Thermal Coal stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

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Frequently asked questions

Is PT Dwi Guna Laksana Tbk, (DWGL) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of 461.88 IDR versus a price of 396.00 IDR, about +17% (undervalued).
What is the fair value of DWGL?
Our model-based fair value for PT Dwi Guna Laksana Tbk, is 461.88 IDR (as of Jul 14, 2026), built from audited fundamentals. The current price is 396.00 IDR.
What is the quality score of DWGL?
PT Dwi Guna Laksana Tbk, has a Quality Score of 59/100. 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 Dwi Guna Laksana Tbk, (DWGL)?
PT Dwi Guna Laksana Tbk, reported trailing-twelve-month revenue of about 3.4T IDR (latest available figure, as of Jul 14, 2026).
What is the net profit margin of DWGL?
The net profit margin of PT Dwi Guna Laksana Tbk, is about 6.5%, meaning it keeps roughly 6.5% 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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