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PT Island Concepts Indonesia Tbk (ICON) Fair Value & Analysis

Energy · ID · Market cap 113B IDR

PI PT Island Concepts Indonesia Tbk ICON · JK
Price114.00 IDR
Fair Value51.63 IDR
Upside-54.7%
Quality53/100
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Expensive Growth
Thin margins · 1.6% net margin
Low debt · negative free cash flow
Trails peers (3/8)
Narrow moat 28/100
Evidence: Medium Range 38.72 IDR – 64.53 IDR Share as image

Fair value as of: Jul 15, 2026

From 9 valuation models · updated 26 days ago

Share price +9.6% over the past month.

A solid business, but screening 55% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (64.53 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.
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Price vs Fair Value (5 years)

151.00 IDR 16.00 IDR Fair Value 51.63 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range 16.00 IDR – 151.00 IDR · fair‑value band 38.72 IDR – 64.53 IDR · the 114.00 IDR price screens above the 51.63 IDR fair value. Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

PT Island Concepts Indonesia Tbk (ICON) currently trades at 114.00 IDR, while our model-based Fair Value estimate is 51.63 IDR, implying the stock looks roughly 54.7% overvalued today. The Quality Score stands at 53/100 (solid quality), in the Energy 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: medium).

Over the trailing twelve months, PT Island Concepts Indonesia Tbk generated revenue of 237B IDR at a net margin of 1.6%. Revenue grew 8.7% year over year. It earns a return on equity of 2.9%. Net debt stands at 5.2B IDR. Fundamentals as of Jul 15, 2026

Our scenario range runs from 38.72 IDR (bear case) to 64.53 IDR (bull case); at 114.00 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 34% below its 52-week high and 235% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -36% fair-value upside, at -55%, ICON 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
Residual Income 100.09 IDR 96.67 IDR 77.96 IDR 76
Gordon GGM 20.30 IDR 42.21 IDR 66.96 IDR 70
DDM Multi-Stage 20.30 IDR 35.59 IDR 44.30 IDR 61
All 9 models by family
Dividend Discount
Gordon GGM 20.30 IDR 42.21 IDR 66.96 IDR 70
DDM Multi-Stage 20.30 IDR 35.59 IDR 44.30 IDR 61
Multiples
P/S Multiple 38.72 IDR 51.63 IDR 64.53 IDR 58
P/B Multiple 38.72 IDR 51.63 IDR 64.53 IDR 55
EV/EBIT 47.66 IDR 62.66 IDR 77.67 IDR 53
EV/EBITDA 112.14 IDR 148.64 IDR 185.14 IDR 54
EV/Revenue 27.47 IDR 38.11 IDR 48.75 IDR 43
Asset-Based
NCAV (Graham) 70.29 IDR 94.19 IDR 140.58 IDR 50
Economic Profit
Residual Income 100.09 IDR 96.67 IDR 77.96 IDR 76

Widest divergence: Economic Profit (96.67 IDR) versus Dividend Discount (35.59 IDR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 237B IDR
Revenue growth (YoY) +8.7%
Net margin 1.6%
Return on equity 2.9%
Free cash flow −2.1M IDR FY2025
Operating margin -0.2%
More key figures
EPS (TTM) -2.29 IDR
EPS growth (YoY) -99.6%
Net debt 5.2B IDR FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 51 · Market factors (momentum, volatility) 67

Profitability 23
Margins and returns on capital today
Quality Growth 68
Are margins and returns improving?
Cashflow 25
Earnings quality: real cash, not paper profit
Fin. Strength 47
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 72
Price trend over the last 3–12 months (market factor)
52W Momentum 79
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 Island Concepts Indonesia Tbk engages in the provision of hospitality services in Indonesia. The company operates through three segments: Catering and Maintenance Services; Villa; and Sale of House and Lot and Condotel. It offers accommodation services; and room rental, cottages, and spa facilities.

Full company description

PT Island Concepts Indonesia Tbk engages in the provision of hospitality services in Indonesia. The company operates through three segments: Catering and Maintenance Services; Villa; and Sale of House and Lot and Condotel. It offers accommodation services; and room rental, cottages, and spa facilities. In addition, the company is involved in the provision of catering and urban facility maintenance for oil and gas and mining sectors; and property services, including offices, hotels, and housing, as well as its facilities. Further, it is involved in real estate activities. The company was founded in 2001 and is headquartered in Badung, Indonesia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Island Concepts Indonesia Tbk reported revenue of 233B IDR in FY2025 versus 141B IDR in FY2021, a compound +13.4%/yr. Reported net income was 3.3B IDR in FY2025.

Growth Quality 49/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
233B IDR
Latest YoY
+13.5%
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.
+10.6%
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.
+10.1%
Avg. growth/yr (19Y) 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.
+24.6%
Revenue +13.4%/yr
FY21 141B IDR
FY22 172B IDR
FY23 181B IDR
FY24 205B IDR
FY25 233B IDR
Net income
FY21 −2.5B IDR
FY22 −18.5B IDR
FY23 −4.9B IDR
FY24 −2.7B IDR
FY25 3.3B IDR

ICON screens 55% overvalued. Compare with SLB N.V →

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Cite: Fair Value Calculator (2026). "PT Island Concepts Indonesia Tbk Fair Value". https://www.fairvalue-calculator.com/stock/ICON

Peer Group

Oil & Gas Equipment & Services · 191 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 55 · Above median
Fair Value upside −55% · Bottom 25%
Return on equity (TTM) 3% · Below median
Return on assets 1% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) -0% · Below median
Revenue growth 9% · Above median
Debt / equity 0.02× · Lower 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 0
FUTURE 44 · sector 0
PAST 12 · sector 28
HEALTH 99 · sector 92
DIVIDEND 0 · sector 31

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.

Oil & gas

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

Similar stocks

10 more Oil & Gas Equipment & Services stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
SLB N.V SLBN 836.00 MXN 533.97 MXN -36%
Baker Hughes Company BKR $55.95 $33.55 -40%
TechnipFMC plc FTI $74.57 $27.57 -63%
Halliburton Company HAL $35.22 $21.50 -39%
Tenaris S.A TS $57.16 $45.68 -20%
Yantai Jereh Oilfield Services Group 002353 ¥138.79 ¥34.17 -75%
Saipem SpA SPM €4.20 €2.72 -35%
Subsea 7 S.A SUBC kr 319.00 kr 227.98 -29%
China Oilfield Services Limited 601808 ¥12.08 ¥12.64 +5%
Gaztransport & Technigaz SA GTT €188.10 €95.01 -49%

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Frequently asked questions

Is PT Island Concepts Indonesia Tbk (ICON) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of 51.63 IDR versus a price of 114.00 IDR, about −55% (overvalued).
What is the fair value of ICON?
Our model-based fair value for PT Island Concepts Indonesia Tbk is 51.63 IDR (as of Jul 15, 2026), built from audited fundamentals. The current price is 114.00 IDR.
What is the quality score of ICON?
PT Island Concepts Indonesia Tbk has a Quality Score of 53/100. 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 Island Concepts Indonesia Tbk (ICON)?
PT Island Concepts Indonesia Tbk reported trailing-twelve-month revenue of about 237B IDR (latest available figure, as of Jul 15, 2026).
What is the net profit margin of ICON?
The net profit margin of PT Island Concepts Indonesia Tbk is about 1.6%, meaning it keeps roughly 1.6% 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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