PT Fore Kopi Indonesia Tbk (FORE) Fair Value & Analysis
Consumer Cyclical · ID · Market cap 5.4T IDR
Fair value as of: Jul 19, 2026
From 24 valuation models · updated 21 days ago
Share price +30.3% over the past month.
A solid business, but screening 70% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (307.48 IDR). The favourable scenario is already priced in.
- Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (153.23 IDR to 307.48 IDR) leaves room in how you read the outcome.
Price vs Fair Value (16 months)
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
16‑month range 252.00 IDR – 1,025 IDR · fair‑value band 153.23 IDR – 307.48 IDR · the 795.00 IDR price screens above the 235.53 IDR fair value. Dashed = 300-day average. As of Jul 19, 2026.
Analysis
PT Fore Kopi Indonesia Tbk (FORE) currently trades at 795.00 IDR, while our model-based Fair Value estimate is 235.53 IDR, implying the stock looks roughly 70.4% overvalued today. The Quality Score stands at 53/100 (solid quality), in the Consumer Cyclical 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 Fore Kopi Indonesia Tbk generated revenue of 1.6T IDR at a net margin of 5.7%. Revenue grew 52.4% year over year. It earns a return on equity of 19.9%. The balance sheet holds a net cash position of 109B IDR. Fundamentals as of Jul 19, 2026
Our scenario range runs from 153.23 IDR (bear case) to 307.48 IDR (bull case); at 795.00 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 30% below its 52-week high and 108% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -47% fair-value upside, at -70%, FORE 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 (455.80 IDR) versus Asset-Based (51.13 IDR). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 58 · Market factors (momentum, volatility) 43
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 Fore Kopi Indonesia Tbk operates coffee stores under the Fore Coffee brand in Indonesia and Singapore. It operates through Beverages, Foods, and Others segments. The company engages in retail trading of beverage and food through coffee stores. It also operates doughnut stores.
Full company description
PT Fore Kopi Indonesia Tbk operates coffee stores under the Fore Coffee brand in Indonesia and Singapore. It operates through Beverages, Foods, and Others segments. The company engages in retail trading of beverage and food through coffee stores. It also operates doughnut stores. The company was founded in 2018 and is headquartered in Jakarta Pusat, Indonesia. PT Fore Kopi Indonesia Tbk operates as a subsidiary of Fore Holdings Pte. Ltd.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
PT Fore Kopi Indonesia Tbk reported revenue of 1.5T IDR in FY2025 versus 107B IDR in FY2021, a compound +93.2%/yr. Reported net income was 90.1B IDR in FY2025.
FORE screens 70% overvalued. Compare with McDonald's Corporation →
Peer Group
Restaurants · 226 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 Restaurants 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.
Insider activity: 40/100
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 Restaurants stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| McDonald's Corporation MCDS | C$24.01 | C$10.84 | -55% |
| Starbucks Corporation SBUX | $105.49 | $35.83 | -66% |
| Chipotle Mexican Grill, Inc CMG | $34.63 | $18.43 | -47% |
| Yum! Brands, Inc YUM | $163.54 | $59.66 | -64% |
| Restaurant Brands International Inc QSR | C$104.19 | C$36.37 | -65% |
| Darden Restaurants, Inc DRI | $195.74 | $173.68 | -11% |
| Yum China Holdings YUMC | $43.90 | $55.10 | +26% |
| Texas Roadhouse, Inc TXRH | $197.03 | $104.89 | -47% |
| Dutch Bros Inc BROS | $68.36 | $12.80 | -81% |
| Domino's Pizza, Inc DPZ | $322.18 | $231.96 | -28% |
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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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