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Champion Pacific Indonesia Tbk (IGAR) Fair Value & Analysis

Consumer Cyclical · ID · Market cap 373B IDR

CP Champion Pacific Indonesia Tbk IGAR · JK
Price466.00 IDR
Fair Value1,090 IDR
Upside+133.8%
Quality66/100
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Strengths

Trades 57% below our fair value of 1,090 IDR
Healthy Growth (revenue 5y +4.4 %/yr)
Low debt · generates free cash flow
Ranks above peers (12/13)

Risks

!Thin margins · 6.2% net margin
!Narrow moat 44/100
!Evidence only medium, so the estimate is less certain
Healthy Growth (revenue 5y +4.4 %/yr)
Thin margins · 6.2% net margin
Low debt · generates free cash flow
Ranks above peers (12/13)
Narrow moat 44/100
Evidence: Medium Range 817.16 IDR – 1,362 IDR Share as image

Fair value as of: Aug 19, 2026

From 25 valuation models · updated 7 days ago

Share price +11.5% over the past month.

A solid business, trading 57% below our fair value.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The price is below even our cautious bear case (817.16 IDR). The market is more pessimistic than our downside scenario.
  • Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

726.12 IDR 323.77 IDR Fair Value 1,090 IDR Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range 323.77 IDR – 726.12 IDR · fair‑value band 817.16 IDR – 1,362 IDR · the 466.00 IDR price screens below the 1,090 IDR fair value. Dashed = 300-day average. As of Aug 19, 2026.

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Analysis

Champion Pacific Indonesia Tbk (IGAR) currently trades at 466.00 IDR, while our model-based Fair Value estimate is 1,090 IDR, implying the stock looks roughly 133.8% undervalued today. The Quality Score stands at 66/100 (solid quality), in the Consumer Cyclical 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: medium), always confirm before acting.

Over the trailing twelve months, Champion Pacific Indonesia Tbk generated revenue of 905B IDR at a net margin of 6.2%. Revenue declined 5.6% year over year. It earns a return on equity of 9.0%. The balance sheet holds a net cash position of 460B IDR. Fundamentals as of Aug 19, 2026

Our scenario range runs from 817.16 IDR (bear case) to 1,362 IDR (bull case); at 466.00 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 40% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -39% fair-value upside, at 134%, IGAR 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 1,239 IDR 1,546 IDR 1,984 IDR 80
Residual Income 639.53 IDR 698.35 IDR 895.96 IDR 76
Rev-Margin DCF 1,272 IDR 1,696 IDR 2,141 IDR 74
All 25 models by family
DCF Models
FCF DCF 1,213 IDR 1,537 IDR 2,016 IDR 38
Owner Earnings 797.08 IDR 932.78 IDR 1,133 IDR 31
5Y Revenue Exit 1,272 IDR 1,689 IDR 2,200 IDR 39
5Y EBITDA Exit 1,260 IDR 1,668 IDR 2,118 IDR 41
5Y P/E Exit 1,212 IDR 1,583 IDR 1,947 IDR 38
10Y Revenue Exit 1,219 IDR 1,592 IDR 2,048 IDR 36
10Y EBITDA Exit 1,237 IDR 1,577 IDR 1,987 IDR 37
10Y P/E Exit 1,206 IDR 1,518 IDR 1,860 IDR 35
Earnings-Based
Graham-Dodd 435.82 IDR 950.03 IDR 1,210 IDR 54
PEG = 1.0 149.40 IDR 213.42 IDR 277.45 IDR 46
EPV 1,222 IDR 1,350 IDR 1,464 IDR 59
Dividend Discount
Gordon GGM 803.88 IDR 1,295 IDR 1,867 IDR 70
DDM Multi-Stage 803.88 IDR 1,183 IDR 1,630 IDR 61
Multiples
P/E Multiple 817.16 IDR 1,090 IDR 1,362 IDR 63
P/S Multiple 817.16 IDR 1,090 IDR 1,362 IDR 58
P/B Multiple 817.16 IDR 1,090 IDR 1,362 IDR 55
EV/EBIT 1,493 IDR 1,825 IDR 2,156 IDR 53
EV/EBITDA 1,400 IDR 1,701 IDR 2,002 IDR 54
EV/Revenue 1,360 IDR 1,730 IDR 2,100 IDR 43
Asset-Based
NCAV (Graham) 367.35 IDR 492.24 IDR 734.69 IDR 50
Growth DCF
Growth DCF 1,239 IDR 1,546 IDR 1,984 IDR 80
Rev-Margin DCF 1,272 IDR 1,696 IDR 2,141 IDR 74
Economic Profit
Residual Income 639.53 IDR 698.35 IDR 895.96 IDR 76
ROIC Compounder 1,247 IDR 1,412 IDR 1,583 IDR 72
Growth Earnings
Growth-Adj P/E 614.25 IDR 877.51 IDR 1,141 IDR 68

Widest divergence: DCF Models (1,577 IDR) versus Asset-Based (492.24 IDR). Highest evidence: Growth DCF (80).

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Key figures & financial health

P/E ratio 7.7
P/S ratio 0.42 TTM
Net margin 6.2% TTM
Return on equity 9.0% TTM
Return on assets 5.1% TTM
Operating margin 7.8% TTM
More key figures
Profitability
EPS (TTM) 60.80 IDR
Growth
Revenue (TTM) 905B IDR TTM
Revenue growth (YoY) -5.6% 3y avg -5.4%
EPS growth (YoY) -22.1%
Balance sheet & cash flow
Free cash flow 59.9B IDR FY2025
Net cash 460B IDR FY2025

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

Quality Score breakdown

Overall quality 66/100

Of which business quality 67 · Market factors (momentum, volatility) 42

Profitability 42
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 54
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 72
Disciplined investing over empire-building
Low Volatility 78
Calm price path (market factor)
Momentum 31
Price trend over the last 3–12 months (market factor)
52W Momentum 20
Distance to the 52-week high (market factor)
Net Issuance 87
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

PT Champion Pacific Indonesia Tbk, together with its subsidiaries, manufactures and sells flexible packaging products in Indonesia and internationally.

Full company description

PT Champion Pacific Indonesia Tbk, together with its subsidiaries, manufactures and sells flexible packaging products in Indonesia and internationally. The company offers packaging products comprising laminated aluminum foils, laminated plastic films, and coated aluminum foils in the form of rolls, bags, and sheets for the pharmaceutical, food, cosmetics, agrochemical, and other industries. It also engages in management consulting services. The company was formerly known as PT Kageo Igar Jaya Tbk and changed its name to PT Champion Pacific Indonesia Tbk in October 2010. The company was founded in 1975 and is headquartered in Bekasi, Indonesia. PT Champion Pacific Indonesia Tbk operates as a subsidiary of PT Kingsford Holdings.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Champion Pacific Indonesia Tbk reported revenue of 917B IDR in FY2025 versus 970B IDR in FY2021, a compound −1.4%/yr. Reported net income was 59.5B IDR in FY2025, compounding −13.1%/yr from FY2021.

Growth Quality 62/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
917B IDR
Latest YoY
+5.5%
Avg. revenue 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.
−5.4%
Avg. revenue 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.
+4.4%
Avg. revenue growth/yr (25Y) 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.
+4.7%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+0.5% (0.5 + 0.0)
Revenue −1.4%/yr
FY21 970B IDR
FY22 1.1T IDR
FY23 858B IDR
FY24 869B IDR
FY25 917B IDR
Net income −13.1%/yr
FY21 104B IDR
FY22 102B IDR
FY23 38.4B IDR
FY24 50.0B IDR
FY25 59.5B IDR
Character of growth · EPS growth decomposed (2014-2025) +3.8 % p.a.
Revenue per share +2.4 pp

of which total revenue +2.0 pp · buybacks/dilution +0.4 pp

EBIT margin −2.9 pp
Tax rate +1.3 pp
Residual (interest, one-offs) +2.9 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Champion Pacific Indonesia Tbk Fair Value". https://www.fairvalue-calculator.com/stock/IGAR

Peer Group

Packaging & Containers · 275 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 66 · Top 25%
Fair Value upside +134% · Top 25%
Return on equity (TTM) 9% · Above median
Return on assets 5% · Top 25%
Net margin (TTM) 6% · Above median
Operating margin (TTM) 8% · Above median
Revenue growth -6% · Below median
Dividend yield (TTM) 20.4% · Top 25%

Valuation Multiples vs Packaging & Containers median · lower = cheaper

P/E (TTM) 7.7× · Cheaper than 75% of peers
P/B 0.55× · Cheaper than median
P/S (TTM) 0.41× · Cheaper than median
P/FCF 0.0× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 11
FUTURE0 · sector 1
PAST36 · sector 21
HEALTH100 · sector 93
DIVIDEND100 · sector 43

Insider activity: 40/100

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

Similar stocks

10 more Packaging & Containers stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).

Stock Price Fair Value vs Fair Value
Smurfit Westrock Plc, SW $49.25 $22.66 -54%
Packaging Corporation PKG $256.31 $122.63 -52%
International Paper Company IP $41.14 $21.44 -48%
Amcor plc AMCR $45.53 $18.79 -59%
Ball Corporation BALL $61.67 $36.57 -41%
Crown Holdings CCK $120.71 $118.59 -2%
Avery Dennison Corporation AVY $182.68 $113.05 -38%
CCL Industries Inc CCLA C$90.87 C$77.64 -15%
Stora Enso Oyj STEAV €9.74 €11.42 +17%
SIG Group SIGN CHF 13.66 CHF 8.32 -39%

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Frequently asked questions

Is Champion Pacific Indonesia Tbk (IGAR) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of 1,090 IDR versus a price of 466.00 IDR, about +134% (undervalued).
What is the fair value of IGAR?
Our model-based fair value for Champion Pacific Indonesia Tbk is 1,090 IDR (as of Aug 19, 2026), built from audited fundamentals. The current price: 466.00 IDR.
What is the quality score of IGAR?
Champion Pacific Indonesia Tbk has a Quality Score of 66/100. 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 Champion Pacific Indonesia Tbk (IGAR)?
Champion Pacific Indonesia Tbk reported trailing-twelve-month revenue of about 905B IDR (latest available figure, as of Aug 19, 2026).
What is the net profit margin of IGAR?
The net profit margin of Champion Pacific Indonesia Tbk is about 6.2%, meaning it keeps roughly 6.2% 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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