Garuda Maintenance Facility AeroAsia Tbk PT (GMFI) fair value: what the stock is really worth
As of Oct 9, 2026: fair value of Garuda Maintenance Facility AeroAsia Tbk PT IDR 74, price IDR 52, upside +42.8%, quality 42 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 1, 2026.
How to read this chart
60‑month range 39.00 IDR – 151.00 IDR · fair‑value band 40.81 IDR – 107.47 IDR · the 52.00 IDR price screens below the 74.23 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 1, 2026.
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PT Garuda Maintenance Facility Aero Asia Tbk provides various aircraft maintenance, repair, and overhaul services in Indonesia. It operates through Repair and Maintenance Airframe, Engine, and Component; Line Maintenance and Technical Ground Handling; and Other Operations segments.
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PT Garuda Maintenance Facility Aero Asia Tbk provides various aircraft maintenance, repair, and overhaul services in Indonesia. It operates through Repair and Maintenance Airframe, Engine, and Component; Line Maintenance and Technical Ground Handling; and Other Operations segments. The company offers airframe and line maintenance, engine and APU maintenance, component, engineering, material, cabin, learning, ground support equipment, and painting services. It also provides aircraft military maintenance and land system defense services; control and protection services on engines, generators, and motors, as well as service of performance analysis and engineering service of electrical rotary machine and power plant; maintenance and services; repair, modification, and overhaul of industrial and aero derivatives gas turbine engines; repair and refurbishments of gas turbine components; and repair and overhaul of power generation services. In addition, the company is involved in the provision of aircraft on ground support services, as well as transportation consulting services; wholesale trade of aircraft equipment and its accessories; airport activities; and rental and leasing activities. PT Garuda Maintenance Facility Aero Asia Tbk was founded in 1949 and is headquartered in Tangerang, Indonesia. PT Garuda Maintenance Facility Aero Asia Tbk Is a subsidiary of PT Angkasa Pura Indonesia.
Stock analysis
Garuda Maintenance Facility AeroAsia Tbk PT (GMFI) currently trades at 52.00 IDR, while our model-based Fair Value estimate is 74.23 IDR, implying the stock looks roughly 29.9% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 105.21 IDR per share, and 18 of the 24 models we run sit above the 52.00 IDR price.
Bear case: the Asset-Based group reads lowest at 10.99 IDR, and 6 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: 40.81 IDR (bear) to 107.47 IDR (bull), the price of 52.00 IDR sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 42/100 (below-average quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Garuda Maintenance Facility AeroAsia Tbk PT reported revenue of $486M in FY2025 versus $211M in FY2021, a compound +23.2%/yr. Reported net income was $33.5M in FY2025.
Key figures
Market cap 6.4T IDR (≈ $357M) · P/E ratio 3.4 · P/S ratio 0.24 · EPS (TTM) 15.14 IDR · Net margin 6.9% · Return on equity −91.2% · Return on assets (EBIT) 2.7% · Operating margin 9.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 66% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −21% fair-value upside, at 43%, GMFI screens cheaper than that median.
Fair Value models
Bear 40.81 IDRFair Value 74.23 IDRBull 107.47 IDR
Price 52.00 IDR · Upside +42.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (11.82 IDR per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+15.3%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+26.7%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+13.9%
Start year 2020 (pandemic). Over 10 years: +4.7% a year
Revenue growth 15 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+7.4%
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What shareholders gained per year (last 3 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+11.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+11.0%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−123% → 13%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+6.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +4.2% a year for the price.
Compare Garuda Maintenance Facility AeroAsia Tbk PT with another stock
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Peer Groupⓘ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.Aerospace & Defense · 232 stocks
Beats the industry median on 8/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score42 · Below median
Fair Value upside+42.8% · Top 25%
Profitability
Return on assets7.4% · Top 25%
Net margin (TTM)6.2% · Below median
Operating margin (TTM)9.7% · Below median
Growth and dividend
Revenue growth85.8% · Top 25%
Balance sheet
Debt / equity3.08× · Highest 25%
Valuation Multiplesvs Aerospace & Defense median · lower = cheaper
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Is Garuda Maintenance Facility AeroAsia Tbk PT (GMFI) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of 74.23 IDR versus a price of 52.00 IDR, about +43% upside (undervalued).
What is the fair value of GMFI?
Our model-based fair value for Garuda Maintenance Facility AeroAsia Tbk PT is 74.23 IDR (as of Oct 1, 2026), built from audited fundamentals. The current price: 52.00 IDR.
What is the quality score of GMFI?
Garuda Maintenance Facility AeroAsia Tbk PT has a Quality Score of 42/100. 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 price target for Garuda Maintenance Facility AeroAsia Tbk PT (GMFI)?
Our model-based price target is the fair value of 74.23 IDR (as of Oct 1, 2026) from 24 valuation models. Cautious scenario 40.81 IDR, optimistic scenario 107.47 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Garuda Maintenance Facility AeroAsia Tbk PT stock forecast for 2026?
Our models put fair value at 74.23 IDR, about +43% upside versus a price of 52.00 IDR (undervalued). Cautious scenario 40.81 IDR, optimistic scenario 107.47 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Garuda Maintenance Facility AeroAsia Tbk PT (GMFI)?
Garuda Maintenance Facility AeroAsia Tbk PT reported trailing-twelve-month revenue of about $583M (latest available figure, as of Oct 1, 2026).
What growth is priced into Garuda Maintenance Facility AeroAsia Tbk PT (GMFI)?
For today's price to be fair in a discounted-cash-flow model, Garuda Maintenance Facility AeroAsia Tbk PT would have to grow free cash flow by +6.7 % per year for five years (discount rate 13.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +13.9 % per year. As of Oct 1, 2026.
What discount rate (WACC) does the fair value of GMFI use?
Our models discount Garuda Maintenance Facility AeroAsia Tbk PT at 13.5 %: a base by market capitalisation (small), country premium for Indonesia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Garuda Maintenance Facility AeroAsia Tbk PT that is +6.7 % per year a year over ten years, using the same discount rate (13.5 %) and the same formula as our fair value.
How much growth has Garuda Maintenance Facility AeroAsia Tbk PT (GMFI) delivered so far?
Over the past 5 years revenue at Garuda Maintenance Facility AeroAsia Tbk PT grew +13.9 % a year. The price currently implies +6.7 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Garuda Maintenance Facility AeroAsia Tbk PT (GMFI) growing?
The median revenue growth in the sector is +7.4 % a year. That is the yardstick for the growth priced into Garuda Maintenance Facility AeroAsia Tbk PT (+6.7 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Garuda Maintenance Facility AeroAsia Tbk PT (GMFI)?
The free-cash-flow yield on the price is 17.04 %: that much free cash flow Garuda Maintenance Facility AeroAsia Tbk PT produces per unit of market value. When it exceeds the discount rate of our models (13.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Garuda Maintenance Facility AeroAsia Tbk PT (GMFI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Garuda Maintenance Facility AeroAsia Tbk PT it is 74.23 IDR per share (as of Oct 1, 2026), against a price of 52.00 IDR. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Garuda Maintenance Facility AeroAsia Tbk PT stock overvalued or undervalued in 2026?
As of Oct 1, 2026, GMFI trades below its calculated fair value: price 52.00 IDR, fair value 74.23 IDR, a gap of about +43% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of GMFI?
No. The price is what the market pays today (52.00 IDR); the fair value is what the company's own numbers justify (74.23 IDR). For Garuda Maintenance Facility AeroAsia Tbk PT the two are 22.23 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Garuda Maintenance Facility AeroAsia Tbk PT worth?
The market values Garuda Maintenance Facility AeroAsia Tbk PT at about 6.4T IDR (market capitalisation, as of Oct 1, 2026). Per share that is 52.00 IDR; our models calculate a fair value of 74.23 IDR per share.
What do the bullish and bearish scenarios say about GMFI?
Our models span a range for Garuda Maintenance Facility AeroAsia Tbk PT: cautious scenario 40.81 IDR, base 74.23 IDR, optimistic 107.47 IDR per share (as of Oct 1, 2026, price 52.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GMFI?
Garuda Maintenance Facility AeroAsia Tbk PT trades at a price-to-earnings ratio of 3.4 (as of Oct 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 74.23 IDR is built from several models across several years. Other multiples: P/B 3.1, P/S 0.6, EV/EBITDA 7.9.
How solid is the balance sheet of Garuda Maintenance Facility AeroAsia Tbk PT (GMFI)?
Balance-sheet figures for Garuda Maintenance Facility AeroAsia Tbk PT (as of Oct 1, 2026): return on equity −91.2%, debt of 3.08 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is GMFI from its 52-week high?
Garuda Maintenance Facility AeroAsia Tbk PT trades at 52.00 IDR, about 66% below its 52-week high of 151.00 IDR and 4% above the low of 50.00 IDR (as of Oct 9, 2026). Distance from the high says nothing about value: that is what the fair value of 74.23 IDR is for.
Which stocks are comparable to Garuda Maintenance Facility AeroAsia Tbk PT?
From the same area (Industrials) we also value General Electric Company, RTX Corporation, Airbus SE, Lockheed Martin Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Garuda Maintenance Facility AeroAsia Tbk PT stock attractive at the current price?
The data as of Oct 1, 2026: price 52.00 IDR, calculated fair value 74.23 IDR (+43%), Quality Score 42/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of GMFI calculated?
We run Garuda Maintenance Facility AeroAsia Tbk PT through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 74.23 IDR, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.9 % above its aggregate fair value. Garuda Maintenance Facility AeroAsia Tbk PT currently trades 30 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Garuda Maintenance Facility AeroAsia Tbk PT (GMFI)?
The closing price on Oct 9, 2026 was 52.00 IDR. Our model-based fair value is 74.23 IDR, about +43% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Garuda Maintenance Facility AeroAsia Tbk PT right now?
The large discount to fair value meets weak quality (42/100). That raises the risk this is a value trap rather than a bargain. The model range is unusually wide (40.81 IDR to 107.47 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.
Where does the earnings growth of Garuda Maintenance Facility AeroAsia Tbk PT (GMFI) come from?
Earnings per share at Garuda Maintenance Facility AeroAsia Tbk PT grew −6.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share −0.1 %, EBIT margin −2.7 %, tax rate +2.7 %, residual (interest, one-offs) −6.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Garuda Maintenance Facility AeroAsia Tbk PT
How large is the market capitalisation of Garuda Maintenance Facility AeroAsia Tbk PT (GMFI)?
The market capitalisation of Garuda Maintenance Facility AeroAsia Tbk PT is 6.4T IDR (≈ $357M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Garuda Maintenance Facility AeroAsia Tbk PT (GMFI)?
The price-to-sales ratio of Garuda Maintenance Facility AeroAsia Tbk PT is 0.24 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Garuda Maintenance Facility AeroAsia Tbk PT (GMFI)?
Earnings per share at Garuda Maintenance Facility AeroAsia Tbk PT are 15.14 IDR (price ÷ EPS = P/E 3.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Garuda Maintenance Facility AeroAsia Tbk PT (GMFI)?
The net margin of Garuda Maintenance Facility AeroAsia Tbk PT is 6.9% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Garuda Maintenance Facility AeroAsia Tbk PT (GMFI)?
The return on equity (ROE) of Garuda Maintenance Facility AeroAsia Tbk PT is −91.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Garuda Maintenance Facility AeroAsia Tbk PT (GMFI)?
On an EBIT basis the return on assets of Garuda Maintenance Facility AeroAsia Tbk PT is 2.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Garuda Maintenance Facility AeroAsia Tbk PT (GMFI)?
The operating margin of Garuda Maintenance Facility AeroAsia Tbk PT is 9.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Garuda Maintenance Facility AeroAsia Tbk PT (GMFI)?
Revenue at Garuda Maintenance Facility AeroAsia Tbk PT is growing +85.8% versus a year earlier (3y avg +26.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Garuda Maintenance Facility AeroAsia Tbk PT (GMFI)?
Earnings per share at Garuda Maintenance Facility AeroAsia Tbk PT are growing −76.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Garuda Maintenance Facility AeroAsia Tbk PT (GMFI) carry?
The net debt of Garuda Maintenance Facility AeroAsia Tbk PT is $343M (fiscal year 2025, ≈ 5.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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