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PT Wijaya Cahaya Timber Tbk (FWCT) Fair Value & Analysis

Basic Materials · ID · Market cap 163B IDR

PW PT Wijaya Cahaya Timber Tbk FWCT · JK
Price94.00 IDR
Fair Value152.00 IDR
Upside+61.7%
Quality34/100
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Expensive Growth
Loss-making · -1.7% net margin
Low debt
Trails peers (3/10)
Narrow moat 16/100
Evidence: High Range 101.00 IDR – 152.86 IDR Share as image

Fair value as of: Jul 19, 2026

From 15 valuation models · updated 21 days ago

Fair value updated Jul 19, 2026, revised from 105.59 IDR to 152.00 IDR (+44.0%) since Jul 16, 2026. Share price +11.9% over the past month.

Below-average quality, screening 62% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (34/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (101.00 IDR). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (4 years)

216.08 IDR 44.14 IDR Fair Value 152.00 IDR Feb 2023 Aug 2026

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

42‑month range 44.14 IDR – 216.08 IDR · fair‑value band 101.00 IDR – 152.86 IDR · the 94.00 IDR price screens below the 152.00 IDR fair value. Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

PT Wijaya Cahaya Timber Tbk (FWCT) currently trades at 94.00 IDR, while our model-based Fair Value estimate is 152.00 IDR, implying the stock looks roughly 61.7% undervalued today. The Quality Score stands at 34/100 (below-average quality), in the Basic Materials 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 Wijaya Cahaya Timber Tbk generated revenue of 1.2T IDR at a net margin of -1.7%. Revenue declined 66.8% year over year. It earns a return on equity of -6.2%. Fundamentals as of Jul 19, 2026

Our scenario range runs from 101.00 IDR (bear case) to 152.86 IDR (bull case); at 94.00 IDR, the current price sits below 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 47% below its 52-week high and 59% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -32% fair-value upside, at 62%, FWCT 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
Residual Income 127.99 IDR 125.51 IDR 106.19 IDR 76
ROIC Compounder 111.72 IDR 132.77 IDR 151.18 IDR 72
Gordon GGM 70.16 IDR 145.88 IDR 231.42 IDR 70
All 15 models by family
Earnings-Based
Graham-Dodd 33.22 IDR 195.10 IDR 271.63 IDR 54
Lynch FV 55.30 IDR 79.00 IDR 102.70 IDR 50
PEG = 1.0 55.30 IDR 79.00 IDR 102.70 IDR 46
EPV 111.72 IDR 132.77 IDR 151.18 IDR 59
Dividend Discount
Gordon GGM 70.16 IDR 145.88 IDR 231.42 IDR 70
DDM Multi-Stage 70.16 IDR 123.01 IDR 153.11 IDR 61
Multiples
P/E Multiple 62.29 IDR 83.06 IDR 103.82 IDR 63
P/S Multiple 62.29 IDR 83.06 IDR 103.82 IDR 58
P/B Multiple 62.29 IDR 83.06 IDR 103.82 IDR 55
EV/EBIT 161.67 IDR 220.41 IDR 279.15 IDR 53
EV/Revenue 138.18 IDR 203.63 IDR 269.08 IDR 43
Asset-Based
NCAV (Graham) 88.12 IDR 118.08 IDR 176.24 IDR 50
Economic Profit
Residual Income 127.99 IDR 125.51 IDR 106.19 IDR 76
ROIC Compounder 111.72 IDR 132.77 IDR 151.18 IDR 72
Growth Earnings
Growth-Adj P/E 73.91 IDR 105.59 IDR 137.26 IDR 68

Widest divergence: Economic Profit (125.51 IDR) versus Earnings-Based (79.00 IDR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 1.2T IDR
Revenue growth (YoY) -66.8%
Net margin -1.7%
Return on equity -6.2%
Operating margin -12.6%
EPS growth (YoY) -46.8%

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 34/100

Of which business quality 41 · Market factors (momentum, volatility) 26

Profitability 39
Margins and returns on capital today
Quality Growth 12
Are margins and returns improving?
Cashflow 34
Earnings quality: real cash, not paper profit
Fin. Strength 72
Balance sheet, leverage, solvency risk
Investment 22
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 17
Price trend over the last 3–12 months (market factor)
52W Momentum 15
Distance to the 52-week high (market factor)
Net Issuance 50
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 Wijaya Cahaya Timber Tbk manufactures and sells plywood products for industrial and residential needs in Indonesia. The company offers falcata, meranti/mixed light hardwood, white and natural birch, and veneer products.

Full company description

PT Wijaya Cahaya Timber Tbk manufactures and sells plywood products for industrial and residential needs in Indonesia. The company offers falcata, meranti/mixed light hardwood, white and natural birch, and veneer products. It also engages in the manufacture of ordinary plywood, such as plywood, multiply, interior, exterior, and related products, as well as coating shavings. In addition, the company provides management consulting services. Further, it engages in industry, trading, and shipping activities. PT Wijaya Cahaya Timber Tbk was founded in 2017 and is headquartered in Jakarta Barat, Indonesia.

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

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

PT Wijaya Cahaya Timber Tbk reported revenue of 1.4T IDR in FY2025 versus 845B IDR in FY2022, a compound +19.4%/yr. Reported net income was 9.6B IDR in FY2025, compounding −13.1%/yr from FY2022.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
1.4T IDR
Latest YoY
+9.9%
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.
+19.4%
Revenue +19.4%/yr
FY22 845B IDR
FY23 948B IDR
FY24 1.3T IDR
FY25 1.4T IDR
Net income −13.1%/yr
FY22 14.6B IDR
FY23 41.5B IDR
FY24 69.4B IDR
FY25 9.6B IDR

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Cite: Fair Value Calculator (2026). "PT Wijaya Cahaya Timber Tbk Fair Value". https://www.fairvalue-calculator.com/stock/FWCT

Peer Group

Lumber & Wood Production · 76 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 34 · Bottom 25%
Fair Value upside +62% · Top 25%
Return on assets -0% · Above median
Net margin (TTM) -2% · Below median
Operating margin (TTM) -12% · Below median
Revenue growth -67% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.26× · Higher than median

Valuation Multiples vs Lumber & Wood Production median · lower = cheaper

EV/EBITDA 1.1× · 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 100 · sector 16
FUTURE 0 · sector 0
PAST 0 · sector 0
HEALTH 87 · sector 92
DIVIDEND 0 · sector 32

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 Lumber & Wood Production stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Simpson Manufacturing Co SSD $188.80 $147.92 -22%
West Fraser Timber Co WFG C$98.54 C$51.55 -48%
UFP Industries, Inc UFPI $85.93 $108.78 +27%
Stella-Jones Inc SJ C$78.93 C$96.01 +22%
Boise Cascade Company BCC $76.06 $51.92 -32%
Century Plyboards (India) Limited CENTURYPLY ₹799.50 ₹201.01 -75%
DeHua TB New Decoration Material Co 002043 ¥11.74 ¥14.78 +26%
Canfor Corporation CFP C$14.17 C$4.54 -68%
Interfor Corporation IFP C$13.45 C$6.43 -52%
Kangxin New Materials Co 600076 ¥3.05 ¥0.6700 -78%

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Frequently asked questions

Is PT Wijaya Cahaya Timber Tbk (FWCT) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 152.00 IDR versus a price of 94.00 IDR, about +62% (undervalued).
What is the fair value of FWCT?
Our model-based fair value for PT Wijaya Cahaya Timber Tbk is 152.00 IDR (as of Jul 19, 2026), built from audited fundamentals. The current price is 94.00 IDR.
What is the quality score of FWCT?
PT Wijaya Cahaya Timber Tbk has a Quality Score of 34/100. 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 Wijaya Cahaya Timber Tbk (FWCT)?
PT Wijaya Cahaya Timber Tbk reported trailing-twelve-month revenue of about 1.2T IDR (latest available figure, as of Jul 19, 2026).
What is the net profit margin of FWCT?
The net profit margin of PT Wijaya Cahaya Timber Tbk is about -1.7%, 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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