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PT Indonesia Fibreboard Industry Tbk (IFII) Fair Value & Analysis

Basic Materials · ID · Market cap 2.0T IDR

PI PT Indonesia Fibreboard Industry Tbk IFII · JK
Price206.00 IDR
Fair Value198.30 IDR
Upside-3.7%
Quality74/100
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Healthy Growth
Solidly profitable · 12.8% net margin
Low debt · generates free cash flow
Ranks above peers (10/14)
Moderate moat 57/100
Evidence: High Range 148.72 IDR – 270.95 IDR Share as image

Fair value as of: Jul 18, 2026

From 26 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from 331.35 IDR to 198.30 IDR (−40.2%) since Jul 16, 2026. Share price −3.7% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (148.72 IDR to 270.95 IDR) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

284.11 IDR 113.31 IDR Fair Value 198.30 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 113.31 IDR – 284.11 IDR · fair‑value band 148.72 IDR – 270.95 IDR · the 206.00 IDR price screens above the 198.30 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

PT Indonesia Fibreboard Industry Tbk (IFII) currently trades at 206.00 IDR, while our model-based Fair Value estimate is 198.30 IDR, implying the stock looks roughly 3.7% fairly valued today. The Quality Score stands at 74/100 (solid quality), in the Basic Materials 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 Indonesia Fibreboard Industry Tbk generated revenue of 1.2T IDR at a net margin of 12.8%. Revenue declined 23.5% year over year. It earns a return on equity of 10.7%. Net debt stands at 143B IDR. Fundamentals as of Jul 18, 2026

Our scenario range runs from 148.72 IDR (bear case) to 270.95 IDR (bull case); at 206.00 IDR, the current price sits within 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 43% below its 52-week high and 4% 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 -4%, IFII 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 441.73 IDR 820.89 IDR 1,518 IDR 80
Residual Income 143.16 IDR 176.08 IDR 372.17 IDR 76
Rev-Margin DCF 230.85 IDR 368.83 IDR 551.31 IDR 74
All 26 models by family
DCF Models
FCF DCF 445.88 IDR 859.12 IDR 1,631 IDR 38
Owner Earnings 391.98 IDR 755.86 IDR 1,435 IDR 31
5Y Revenue Exit 230.85 IDR 368.23 IDR 548.42 IDR 39
5Y EBITDA Exit 354.29 IDR 627.55 IDR 972.04 IDR 41
5Y P/E Exit 292.80 IDR 498.38 IDR 733.31 IDR 38
10Y Revenue Exit 291.00 IDR 448.75 IDR 681.07 IDR 36
10Y EBITDA Exit 380.62 IDR 645.29 IDR 1,051 IDR 37
10Y P/E Exit 338.59 IDR 547.39 IDR 842.38 IDR 35
Earnings-Based
Graham-Dodd 132.54 IDR 654.83 IDR 903.02 IDR 54
Lynch FV 176.41 IDR 252.02 IDR 327.63 IDR 50
PEG = 1.0 176.41 IDR 252.02 IDR 327.63 IDR 46
EPV 211.46 IDR 249.71 IDR 283.71 IDR 59
Dividend Discount
Gordon GGM 105.81 IDR 231.00 IDR 388.67 IDR 70
DDM Multi-Stage 105.81 IDR 189.23 IDR 240.74 IDR 61
Multiples
P/E Multiple 248.51 IDR 331.35 IDR 414.19 IDR 63
P/S Multiple 153.34 IDR 204.46 IDR 255.57 IDR 58
P/B Multiple 248.51 IDR 331.35 IDR 414.19 IDR 55
EV/EBIT 279.71 IDR 374.70 IDR 469.69 IDR 53
EV/EBITDA 337.71 IDR 452.03 IDR 566.35 IDR 54
EV/Revenue 137.85 IDR 199.19 IDR 260.53 IDR 43
Asset-Based
NCAV (Graham) 73.57 IDR 98.59 IDR 147.15 IDR 50
Growth DCF
Growth DCF 441.73 IDR 820.89 IDR 1,518 IDR 80
Rev-Margin DCF 230.85 IDR 368.83 IDR 551.31 IDR 74
Economic Profit
Residual Income 143.16 IDR 176.08 IDR 372.17 IDR 76
ROIC Compounder 240.71 IDR 343.40 IDR 488.55 IDR 72
Growth Earnings
Growth-Adj P/E 243.79 IDR 348.27 IDR 452.75 IDR 68

Widest divergence: DCF Models (547.39 IDR) versus Asset-Based (98.59 IDR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.2T IDR
Revenue growth (YoY) -23.5%
Net margin 12.8%
Return on equity 10.7%
Free cash flow 304B IDR FY2025
P/E ratio 13.1
More key figures
Operating margin 18.4%
EPS (TTM) 16.01 IDR
EPS growth (YoY) -40.4%
Net debt 143B 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 73 · Market factors (momentum, volatility) 40

Profitability 56
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 91
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 80
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 19
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 Indonesia Fibreboard Industry Tbk engages in the wood processing industry in Indonesia, Japan, the Middle East, and internationally. The company offers high, medium, and low density fibreboards; high moisture resistant wood products; veneer; plywood and plywood medium density fibreboard (MDF) products; and MDF laminated paper products.

Full company description

PT Indonesia Fibreboard Industry Tbk engages in the wood processing industry in Indonesia, Japan, the Middle East, and internationally. The company offers high, medium, and low density fibreboards; high moisture resistant wood products; veneer; plywood and plywood medium density fibreboard (MDF) products; and MDF laminated paper products. It also exports its products. The company was founded in 2007 and is headquartered in Jakarta Utara, Indonesia. PT Indonesia Fibreboard Industry Tbk is a subsidiary of PT Adrindo Intiperkasa.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Indonesia Fibreboard Industry Tbk reported revenue of 1.3T IDR in FY2025 versus 715B IDR in FY2021, a compound +15.8%/yr. Reported net income was 183B IDR in FY2025, compounding +22.2%/yr from FY2021.

Growth Quality 94/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
1.3T IDR
Latest YoY
+3.2%
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.
+13.9%
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.
+13.5%
Avg. growth/yr (9Y) 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.
+9.4%
Revenue +15.8%/yr
FY21 715B IDR
FY22 867B IDR
FY23 987B IDR
FY24 1.2T IDR
FY25 1.3T IDR
Net income +22.2%/yr
FY21 82.3B IDR
FY22 97.1B IDR
FY23 101B IDR
FY24 179B IDR
FY25 183B IDR

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Cite: Fair Value Calculator (2026). "PT Indonesia Fibreboard Industry Tbk Fair Value". https://www.fairvalue-calculator.com/stock/IFII

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 74 · Top 25%
Fair Value upside −4% · Above median
Return on equity (TTM) 11% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 18% · Top 25%
Revenue growth -24% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.11× · Lower than median

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

P/E (TTM) 13.1× · Cheaper than 75% of peers
P/B 1.43× · Pricier than median
P/S (TTM) 1.67× · Pricier than 75% of peers
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 5.2× · Cheaper than median

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 28 · sector 16
FUTURE 0 · sector 0
PAST 43 · sector 0
HEALTH 95 · 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 18, 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 Indonesia Fibreboard Industry Tbk (IFII) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 198.30 IDR versus a price of 206.00 IDR, about −4% (fairly valued).
What is the fair value of IFII?
Our model-based fair value for PT Indonesia Fibreboard Industry Tbk is 198.30 IDR (as of Jul 18, 2026), built from audited fundamentals. The current price is 206.00 IDR.
What is the quality score of IFII?
PT Indonesia Fibreboard Industry 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 Indonesia Fibreboard Industry Tbk (IFII)?
PT Indonesia Fibreboard Industry Tbk reported trailing-twelve-month revenue of about 1.2T IDR (latest available figure, as of Jul 18, 2026).
What is the net profit margin of IFII?
The net profit margin of PT Indonesia Fibreboard Industry Tbk is about 12.8%, meaning it keeps roughly 12.8% 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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