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PT Jaya Trishindo Tbk, (HELI) Fair Value & Analysis

Industrials · ID · Market cap 150B IDR

PJ PT Jaya Trishindo Tbk, HELI · JK
Price200.00 IDR
Fair Value478.76 IDR
Upside+139.4%
Quality74/100
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Weak Growth
Solidly profitable · 17.2% net margin
Low debt · generates free cash flow
Ranks above peers (11/13)
Wide moat 67/100
Evidence: High Range 359.07 IDR – 945.73 IDR Share as image

Fair value as of: Jul 18, 2026

From 24 valuation models · updated 23 days ago

Share price +9.9% over the past month.

A solid business, screening 139% undervalued on our models.

What matters now

  • The rarer combination: high quality (74/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (359.07 IDR). The market is more pessimistic than our downside scenario.
  • The model range is unusually wide (359.07 IDR to 945.73 IDR). The outcome hinges heavily on assumptions, so read the point estimate with caution.
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Price vs Fair Value (5 years)

730.00 IDR 77.00 IDR Fair Value 478.76 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range 77.00 IDR – 730.00 IDR · fair‑value band 359.07 IDR – 945.73 IDR · the 200.00 IDR price screens below the 478.76 IDR fair value. Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

PT Jaya Trishindo Tbk, (HELI) currently trades at 200.00 IDR, while our model-based Fair Value estimate is 478.76 IDR, implying the stock looks roughly 139.4% undervalued today. The Quality Score stands at 74/100 (solid quality), in the Industrials 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 Jaya Trishindo Tbk, generated revenue of 155B IDR at a net margin of 17.2%. Revenue grew 1.4% year over year. It earns a return on equity of 34.3%. Net debt stands at 57.4B IDR. Fundamentals as of Jul 18, 2026

Our scenario range runs from 359.07 IDR (bear case) to 945.73 IDR (bull case); at 200.00 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 34% below its 52-week high and 56% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -29% fair-value upside, at 139%, HELI 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
Growth DCF 528.17 IDR 1,033 IDR 1,819 IDR 80
Residual Income 223.43 IDR 309.36 IDR 2,345 IDR 76
Rev-Margin DCF 344.89 IDR 573.14 IDR 887.85 IDR 74
All 24 models by family
DCF Models
FCF DCF 540.50 IDR 999.42 IDR 2,035 IDR 38
Owner Earnings 539.76 IDR 1,056 IDR 2,032 IDR 31
5Y Revenue Exit 344.89 IDR 578.13 IDR 898.91 IDR 39
5Y EBITDA Exit 498.09 IDR 914.01 IDR 1,458 IDR 41
5Y P/E Exit 508.57 IDR 936.99 IDR 1,452 IDR 38
10Y Revenue Exit 395.50 IDR 648.17 IDR 1,051 IDR 36
10Y EBITDA Exit 508.37 IDR 903.25 IDR 1,548 IDR 37
10Y P/E Exit 515.50 IDR 920.71 IDR 1,542 IDR 35
Earnings-Based
Graham-Dodd 215.18 IDR 1,215 IDR 1,689 IDR 54
Lynch FV 340.90 IDR 487.00 IDR 633.10 IDR 50
PEG = 1.0 340.90 IDR 487.00 IDR 633.10 IDR 46
EPV 293.14 IDR 338.15 IDR 377.53 IDR 59
Multiples
P/E Multiple 498.39 IDR 664.52 IDR 830.65 IDR 63
P/S Multiple 277.90 IDR 370.53 IDR 463.16 IDR 58
P/B Multiple 359.07 IDR 478.76 IDR 598.45 IDR 55
EV/EBIT 424.78 IDR 558.67 IDR 692.56 IDR 53
EV/EBITDA 505.61 IDR 666.44 IDR 827.27 IDR 54
EV/Revenue 256.55 IDR 356.59 IDR 456.63 IDR 43
Asset-Based
NCAV (Graham) 53.20 IDR 71.28 IDR 106.39 IDR 50
Growth DCF
Growth DCF 528.17 IDR 1,033 IDR 1,819 IDR 80
Rev-Margin DCF 344.89 IDR 573.14 IDR 887.85 IDR 74
Economic Profit
Residual Income 223.43 IDR 309.36 IDR 2,345 IDR 76
ROIC Compounder 337.46 IDR 449.57 IDR 595.41 IDR 72
Growth Earnings
Growth-Adj P/E 509.24 IDR 727.49 IDR 945.73 IDR 68

Widest divergence: DCF Models (914.01 IDR) versus Asset-Based (71.28 IDR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 155B IDR
Revenue growth (YoY) +1.4%
Net margin 17.2%
Return on equity 34.3%
Free cash flow 30.7B IDR FY2025
P/E ratio 5.6
More key figures
Operating margin 9.4%
EPS (TTM) 31.90 IDR
EPS growth (YoY) +11.0%
Net debt 57.4B IDR FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 74/100

Of which business quality 70 · Market factors (momentum, volatility) 34

Profitability 68
Margins and returns on capital today
Quality Growth 91
Are margins and returns improving?
Cashflow 78
Earnings quality: real cash, not paper profit
Fin. Strength 49
Balance sheet, leverage, solvency risk
Investment 62
Disciplined investing over empire-building
Low Volatility 51
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 25
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 Jaya Trishindo Tbk, together with its subsidiary, PT Komala Indonesia, provides helicopter charter services in Indonesia. The company offers single- and twin-engine helicopters, and procurement services. It also provides non-scheduled commercial air transportation, air transportation leasing, and other air transportation services.

Full company description

PT Jaya Trishindo Tbk, together with its subsidiary, PT Komala Indonesia, provides helicopter charter services in Indonesia. The company offers single- and twin-engine helicopters, and procurement services. It also provides non-scheduled commercial air transportation, air transportation leasing, and other air transportation services. The company's services are used for VIP transport, aerial surveys, fire water bombing, geomagnetic surveys, external cargo transport, and medical evacuation applications. PT Jaya Trishindo Tbk was founded in 2007 and is headquartered in Jakarta Barat, Indonesia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Jaya Trishindo Tbk, reported revenue of 154B IDR in FY2025 versus 63.4B IDR in FY2021, a compound +24.9%/yr. Reported net income was 26.4B IDR in FY2025, compounding +66.5%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
154B IDR
Latest YoY
+17.6%
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.
+51.3%
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.
+1.4%
Avg. growth/yr (10Y) 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.
+11.9%
Revenue +24.9%/yr
FY21 63.4B IDR
FY22 44.6B IDR
FY23 69.1B IDR
FY24 131B IDR
FY25 154B IDR
Net income +66.5%/yr
FY21 3.4B IDR
FY22 −86.1B IDR
FY23 654M IDR
FY24 7.1B IDR
FY25 26.4B IDR

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Cite: Fair Value Calculator (2026). "PT Jaya Trishindo Tbk, Fair Value". https://www.fairvalue-calculator.com/stock/HELI

Peer Group

Airports & Air Services · 55 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 74 · Top 25%
Fair Value upside +139% · Top 25%
Return on equity (TTM) 34% · Top 25%
Return on assets 8% · Above median
Net margin (TTM) 17% · Above median
Operating margin (TTM) 9% · Below median
Revenue growth 1% · Below median
Debt / equity 0.00× · Lower than median

Valuation Multiples vs Airports & Air Services median · lower = cheaper

P/E (TTM) 5.6× · Cheaper than 75% of peers
P/B 1.69× · Cheaper than median
P/S (TTM) 0.97× · Cheaper than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 3.5× · 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 36
FUTURE 7 · sector 31
PAST 100 · sector 45
HEALTH 100 · sector 90
DIVIDEND 0 · sector 46

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 Airports & Air Services stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Aena S.M.E., S.A AENA €26.24 €28.41 +8%
Airports of Thailand Public Company TATD 2.44 SGD 1.25 SGD -49%
Grupo Aeroportuario del Pacífico, S.A. PAC $220.91 $246.06 +11%
GMR Airports Limited GMRINFRA ₹112.80 ₹22.29 -80%
Flughafen Zürich AG FHZN CHF 237.20 CHF 121.30 -49%
Shanghai International Airport Co 600009 ¥24.08 ¥17.09 -29%
Auckland International Airport Limited AIA A$7.11 A$2.80 -61%
Fraport AG FRA €69.35 €49.83 -28%
Københavns Lufthavne A/S KBHL kr 5,660 kr 1,821 -68%
SATS Ltd S58 4.82 SGD 4.03 SGD -16%

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Frequently asked questions

Is PT Jaya Trishindo Tbk, (HELI) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 478.76 IDR versus a price of 200.00 IDR, about +139% (undervalued).
What is the fair value of HELI?
Our model-based fair value for PT Jaya Trishindo Tbk, is 478.76 IDR (as of Jul 18, 2026), built from audited fundamentals. The current price is 200.00 IDR.
What is the quality score of HELI?
PT Jaya Trishindo Tbk, has a Quality Score of 74/100. 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 Jaya Trishindo Tbk, (HELI)?
PT Jaya Trishindo Tbk, reported trailing-twelve-month revenue of about 155B IDR (latest available figure, as of Jul 18, 2026).
What is the net profit margin of HELI?
The net profit margin of PT Jaya Trishindo Tbk, is about 17.2%, meaning it keeps roughly 17.2% of revenue as net income. 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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