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PT Falmaco Nonwoven Industri Tbk (FLMC) Fair Value & Analysis

Consumer Defensive · ID · Market cap 40.6B IDR

PF PT Falmaco Nonwoven Industri Tbk FLMC · JK
Price76.00 IDR
Fair Value17.72 IDR
Upside-76.7%
Quality37/100
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Weak Growth
Loss-making · -159.7% net margin
Low debt · negative free cash flow
Trails peers (2/9)
Narrow moat 9/100
Evidence: Low Range 13.22 IDR – 26.45 IDR Share as image

Fair value as of: Jul 12, 2026

From 1 valuation models · updated 29 days ago

Share price +46.2% over the past month.

Below-average quality, and screening another 77% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (26.45 IDR). The favourable scenario is already priced in.
  • Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (13.22 IDR to 26.45 IDR) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

625.00 IDR 21.00 IDR Fair Value 17.72 IDR Jul 2021 Aug 2026

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

60‑month range 21.00 IDR – 625.00 IDR · fair‑value band 13.22 IDR – 26.45 IDR · the 76.00 IDR price screens above the 17.72 IDR fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

PT Falmaco Nonwoven Industri Tbk (FLMC) currently trades at 76.00 IDR, while our model-based Fair Value estimate is 17.72 IDR, implying the stock looks roughly 76.7% overvalued today. The Quality Score stands at 37/100 (below-average quality), in the Consumer Defensive 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 14.4B IDR. Revenue declined 56.4% year over year. It earns a return on equity of -71.6%. Net debt stands at 7.2B IDR. Fundamentals as of Jul 12, 2026

Our scenario range runs from 13.22 IDR (bear case) to 26.45 IDR (bull case); at 76.00 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 79% below its 52-week high and 90% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -26% fair-value upside, at -77%, FLMC 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.

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
NCAV (Graham) 13.22 IDR 17.72 IDR 26.45 IDR 50
All 1 models by family
Asset-Based
NCAV (Graham) 13.22 IDR 17.72 IDR 26.45 IDR 50

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Key figures & financial health

Revenue (TTM) 14.4B IDR
Revenue growth (YoY) -56.4%
Net margin -160%
Return on equity -71.6%
Free cash flow −2.4B IDR FY2025
P/E ratio 8.4
More key figures
Operating margin -134%
EPS (TTM) 16.13 IDR
Net debt 7.2B IDR FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 37/100

Of which business quality 34 · Market factors (momentum, volatility) 15

Profitability 2
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 38
Balance sheet, leverage, solvency risk
Investment 88
Disciplined investing over empire-building
Low Volatility 3
Calm price path (market factor)
Momentum 9
Price trend over the last 3–12 months (market factor)
52W Momentum 39
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 Falmaco Nonwoven Industri Tbk engages in the manufacture and sale of tissue products and nonwoven fabrics in Indonesia.

Full company description

PT Falmaco Nonwoven Industri Tbk engages in the manufacture and sale of tissue products and nonwoven fabrics in Indonesia. The company provides baby wet wipes, antiseptic wet wipes, flushable wet wipes, and refreshing wet towel under the Wetkins brand; and glove, sterile gauze, alcohol swabs, hand sanitizer, alcohol wipes, bed sheet, bedliner, earloop face mask, surgical gown, and contamination prevention suit, as well as sanitizer wipes, surface sanitizing wipes, fogging liquid, protective coverall seal and non-seal, surgical mask, and disposable apron under the Falmed+ brand. It offers feminine hygiene, baby underpad, hand and mouth wet wipes, and facial cotton under the Valore brand; and light duty, medium duty, heavy duty, and rayon multipurpose wipes under the Polymorph brand. PT Falmaco Nonwoven Industri Tbk was founded in 1996 and is headquartered in Cimahi, Indonesia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Falmaco Nonwoven Industri Tbk reported revenue of 14.4B IDR in FY2025 versus 49.2B IDR in FY2021, a compound −26.5%/yr. Reported net income was −23.0B IDR in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
14.4B IDR
Latest YoY
−59.5%
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.
−37.2%
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.
−30.9%
Avg. growth/yr (7Y) 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.
−15.9%
Revenue −26.5%/yr
FY21 49.2B IDR
FY22 58.0B IDR
FY23 46.1B IDR
FY24 35.5B IDR
FY25 14.4B IDR
Net income
FY21 −55.8B IDR
FY22 −18.2B IDR
FY23 6.9B IDR
FY24 −42.4B IDR
FY25 −23.0B IDR

FLMC screens 77% overvalued. Compare with The Procter & Gamble Company →

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Cite: Fair Value Calculator (2026). "PT Falmaco Nonwoven Industri Tbk Fair Value". https://www.fairvalue-calculator.com/stock/FLMC

Peer Group

Household & Personal Products · 244 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 35 · Bottom 25%
Fair Value upside −77% · Bottom 25%
Return on assets -15% · Bottom 25%
Net margin (TTM) -160% · Bottom 25%
Operating margin (TTM) -134% · Bottom 25%
Revenue growth -56% · Bottom 25%

Valuation Multiples vs Household & Personal Products median · lower = cheaper

P/E (TTM) 3.2× · Cheaper than 75% of peers

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 · sector 28
FUTURE 0 · sector 4
PAST 0 · sector 26
HEALTH 100 · sector 98
DIVIDEND 0 · sector 50

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.

None of the checked exposures detected

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

Similar stocks

10 more Household & Personal Products stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
The Procter & Gamble Company PG $146.80 $108.16 -26%
Unilever PLC ULN 1,080 MXN 1,273 MXN +18%
Hindustan Unilever Limited HINDUNILVR ₹2,144 ₹1,000 -53%
Essity AB ESSITYA kr 279.00 kr 250.02 -10%
Godrej Consumer Products Limited GODREJCP ₹1,088 ₹367.64 -66%
Marico Limited MARICO ₹846.75 ₹233.05 -72%
APR Co 278470 375,000 KRW 151,222 KRW -60%
Dabur India Limited DABUR ₹429.45 ₹181.60 -58%
Kimberly-Clark de México, S. A. B. de C. V., KIMBERA 38.07 MXN 50.09 MXN +32%
PT Unilever Indonesia Tbk UNVR 1,730 IDR 1,934 IDR +12%

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Frequently asked questions

Is PT Falmaco Nonwoven Industri Tbk (FLMC) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of 17.72 IDR versus a price of 76.00 IDR, about −77% (overvalued).
What is the fair value of FLMC?
Our model-based fair value for PT Falmaco Nonwoven Industri Tbk is 17.72 IDR (as of Jul 12, 2026), built from audited fundamentals. The current price is 76.00 IDR.
What is the quality score of FLMC?
PT Falmaco Nonwoven Industri Tbk has a Quality Score of 37/100. 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 Falmaco Nonwoven Industri Tbk (FLMC)?
PT Falmaco Nonwoven Industri Tbk reported trailing-twelve-month revenue of about 14.4B IDR (latest available figure, as of Jul 12, 2026).
What is the net profit margin of FLMC?
The net profit margin of PT Falmaco Nonwoven Industri Tbk is about -159.7%, meaning it is currently running at a net loss. 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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