PT Pelayaran Nasional Ekalya Purnamasari Tbk (ELPI) Fair Value & Analysis
Industrials · ID · Market cap 12.0T IDR
Fair value as of: Jul 12, 2026
From 24 valuation models · updated 28 days ago
Fair value updated Jul 12, 2026, revised from 432.58 IDR to 334.96 IDR (−22.6%) since Jun 24, 2026. Share price −28.4% over the past month.
Below-average quality, and screening another 55% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (418.70 IDR). The favourable scenario is already priced in.
- Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (210.40 IDR to 418.70 IDR) leaves room in how you read the outcome.
Price vs Fair Value (4 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.
How to read this chart
48‑month range 185.47 IDR – 2,572 IDR · fair‑value band 210.40 IDR – 418.70 IDR · the 745.00 IDR price screens above the 334.96 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.
Analysis
PT Pelayaran Nasional Ekalya Purnamasari Tbk (ELPI) currently trades at 745.00 IDR, while our model-based Fair Value estimate is 334.96 IDR, implying the stock looks roughly 55.0% overvalued today. The Quality Score stands at 45/100 (below-average quality), in the Industrials 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 Pelayaran Nasional Ekalya Purnamasari Tbk generated revenue of 997B IDR at a net margin of 19.2%. Revenue declined 7.8% year over year. It earns a return on equity of 7.6%. Net debt stands at 142B IDR. Fundamentals as of Jul 12, 2026
Our scenario range runs from 210.40 IDR (bear case) to 418.70 IDR (bull case); at 745.00 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 71% below its 52-week high and 143% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 67% fair-value upside, at -55%, ELPI 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 24 models by family
Widest divergence: Growth Earnings (402.77 IDR) versus Growth DCF (84.25 IDR). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 47 · Market factors (momentum, volatility) 45
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 Pelayaran Nasional Ekalya Purnamasari Tbk engages in the sea transportation business in Indonesia and internationally. The company operates through Owned Vessel, Chartered Vessel, and Other service segments. It offers integrated solutions through modern shipyard facilities, shipbuilding, repairs, and other supporting infrastructure; and dry bulk services.
Full company description
PT Pelayaran Nasional Ekalya Purnamasari Tbk engages in the sea transportation business in Indonesia and internationally. The company operates through Owned Vessel, Chartered Vessel, and Other service segments. It offers integrated solutions through modern shipyard facilities, shipbuilding, repairs, and other supporting infrastructure; and dry bulk services. The company also provides logistics services, which include warehousing, shorebase, transportation, heavy equipment, terminal management, and cargo documentation; engineering, procurement, and construction services to support onshore and offshore infrastructure development; and training centers, such as DP and pilotage training, and management and skill development services. It owns and operates approximately 100 units of various fleets, such as crew boats, anchor handling tug supply vessels, platform support and utility vessels, and tug boat and bulk carier. PT Pelayaran Nasional Ekalya Purnamasari Tbk was founded in 1992 and is headquartered in Surabaya, Indonesia. PT Pelayaran Nasional Ekalya Purnamasari Tbk is a subsidiary of Pt Kreasi Cipta Timur.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
PT Pelayaran Nasional Ekalya Purnamasari Tbk reported revenue of 1.0T IDR in FY2025 versus 541B IDR in FY2021, a compound +17.0%/yr. Reported net income was 213B IDR in FY2025, compounding +18.6%/yr from FY2021.
ELPI screens 55% overvalued. Compare with Adani Ports and Special Economic Zone Limited →
Peer Group
Marine Shipping · 231 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 Marine Shipping 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 Marine Shipping stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Adani Ports and Special Economic Zone Limited ADANIPORTS | ₹1,828 | ₹1,041 | -43% |
| A.P. Møller - Mærsk A/S MAERSKA | kr 16,520 | kr 3,033 | -82% |
| COSCO SHIPPING Holdings 601919 | ¥13.98 | ¥40.37 | +189% |
| Shanghai International Port (Group) Co 600018 | ¥5.17 | ¥6.57 | +27% |
| HMM Co 011200 | 20,050 KRW | 33,855 KRW | +69% |
| Ningbo Zhoushan Port Company 601018 | ¥3.35 | ¥5.58 | +67% |
| Qingdao Port International Co 601298 | ¥8.88 | ¥15.97 | +80% |
| JSW Infrastructure Limited JSWINFRA | ₹330.05 | ₹126.31 | -62% |
| Wan Hai Lines Ltd 2615 | 80.70 TWD | 212.79 TWD | +164% |
| Wallenius Wilhelmsen ASA WAWI | kr 137.70 | kr 50.56 | -63% |
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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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