PT Eterindo Wahanatama Tbk (ETWA) Fair Value & Analysis
Basic Materials · ID · Market cap 327B IDR
Fair value as of: Jul 19, 2026
From 2 valuation models · updated 22 days ago
Below-average quality, and screening another 90% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (11.86 IDR). The favourable scenario is already priced in.
- Weak quality (29/100) and above fair value at the same time, the margin of safety is missing on both counts.
- The model range is unusually wide (3.23 IDR to 11.86 IDR). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.
How to read this chart
60‑month range 62.00 IDR – 364.00 IDR · fair‑value band 3.23 IDR – 11.86 IDR · the 70.00 IDR price screens above the 7.05 IDR fair value. Dashed = 300-day average. As of Jul 19, 2026.
Analysis
PT Eterindo Wahanatama Tbk (ETWA) currently trades at 70.00 IDR, while our model-based Fair Value estimate is 7.05 IDR, implying the stock looks roughly 89.9% overvalued today. The Quality Score stands at 29/100 (below-average quality), in the Basic Materials 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: low).
Trailing-twelve-month revenue stands at 35.1M IDR. Net debt stands at 962B IDR. Fundamentals as of Jul 19, 2026
Our scenario range runs from 3.23 IDR (bear case) to 11.86 IDR (bull case); at 70.00 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 near its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -46% fair-value upside, at -90%, ETWA 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 2 models by family
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Key figures & financial health
Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 26 · Market factors (momentum, volatility) 56
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 Eterindo Wahanatama Tbk produces and sells biodiesel in Indonesia and internationally. It also trades in chemical products; and engages in oil palm plantation and derivative product business. PT Eterindo Wahanatama Tbk was founded in 1992 and is based in Jakarta, Indonesia.
Full company description
PT Eterindo Wahanatama Tbk produces and sells biodiesel in Indonesia and internationally. It also trades in chemical products; and engages in oil palm plantation and derivative product business. PT Eterindo Wahanatama Tbk was founded in 1992 and is based in Jakarta, Indonesia. PT Eterindo Wahanatama Tbk operates as a subsidiary of Pt Mordred Investama Indonesia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2018 – FY2022 · reported fiscal years
PT Eterindo Wahanatama Tbk reported revenue of 48.3B IDR in FY2022 versus 23.9B IDR in FY2018, a compound +19.2%/yr. Reported net income was −282B IDR in FY2022.
ETWA screens 90% overvalued. Compare with BASF SE →
Peer Group
Chemicals · 333 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 Chemicals 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.
PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.
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 Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| BASF SE BASN | 1,034 MXN | 532.13 MXN | -49% |
| Ningxia Baofeng Energy Group 600989 | ¥20.32 | ¥20.17 | -1% |
| Zhejiang Juhua Co 600160 | ¥42.85 | ¥23.35 | -46% |
| Rongsheng Petrochemical Co 002493 | ¥10.95 | ¥2.39 | -78% |
| PT Barito Pacific Tbk, BRPT | 1,690 IDR | 1,628 IDR | -4% |
| LG Chem, Ltd 051910 | 260,500 KRW | 587,755 KRW | +126% |
| Formosa Chemicals & Fibre Corporation 1326 | 66.10 TWD | 6.79 TWD | -90% |
| PTT Global Chemical Public Company PTTGC | 35.50 THB | 18.21 THB | -49% |
| 542812 542812 | ₹4,369 | ₹791.05 | -82% |
| Indorama Ventures Public Company IVL | 24.50 THB | 17.95 THB | -27% |
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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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