Intikeramik Alamasri Industri (IKAI) fair value: what the stock is really worth
As of Oct 13, 2026: fair value of Intikeramik Alamasri Industri IDR 26, price IDR 24, upside +7.6%, quality 49 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 3, 2026.
How to read this chart
60‑month range 6.00 IDR – 51.00 IDR · fair‑value band 23.20 IDR – 40.06 IDR · the 24.00 IDR price screens below the 25.83 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 3, 2026.
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PT Intikeramik Alamasri Industri Tbk manufactures, distributes, and sells porcelain tiles and granites under the Essenza brand in Indonesia. It operates in two segments, Ceramic and Hotel. The company engages in the hospitality business; and leasing of building units.
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PT Intikeramik Alamasri Industri Tbk manufactures, distributes, and sells porcelain tiles and granites under the Essenza brand in Indonesia. It operates in two segments, Ceramic and Hotel. The company engages in the hospitality business; and leasing of building units. PT Intikeramik Alamasri Industri Tbk was founded in 1991 and is based in Jakarta Selatan, Indonesia.
Stock analysis
Intikeramik Alamasri Industri (IKAI) currently trades at 24.00 IDR, while our model-based Fair Value estimate is 25.83 IDR, so the stock looks roughly fairly valued today (gap 7.1%).
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Valuation
Bull case: the Asset-Based group reads highest at a median of 31.10 IDR per share, and 4 of the 7 models we run sit above the 24.00 IDR price.
Bear case: the Multiples group reads lowest at 9.60 IDR, and 3 of the 7 models stay below the price. Evidence for this calculation is low.
Scenario range: 23.20 IDR (bear) to 40.06 IDR (bull), the price of 24.00 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 49/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Intikeramik Alamasri Industri reported revenue of 149B IDR in FY2025 versus 186B IDR in FY2021, a compound −5.4%/yr. Reported net income was −64.5B IDR in FY2025.
Key figures
Market cap 319B IDR (≈ $17.8M) · P/S ratio 1.86 · EPS (TTM) −4.07 IDR · Net margin −43.3% · Return on equity −9.2% · Return on assets (EBIT) −1.8% · Operating margin −19.3% · Revenue (TTM) 143B IDR.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 33% below its 52-week high and 100% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −19% fair-value upside, at 8%, IKAI screens cheaper than that median.
Fair Value models
Bear23.20 IDRFair Value 25.83 IDRBull40.06 IDR
Price 24.00 IDR · Upside +7.6%
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.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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−15.7%
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.
−14.2%
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.
+10.0%
Start year 2020 (pandemic). Over 10 years: +0.5% a year
Revenue growth 25 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.
+0.1%
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Profit margin (trend) ⓘ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.
−53.7% (2020) → −31.8% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Price in line with expectations
The price assumes about as much growth as 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).
+7.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Indonesia: IMF forecast 2.6% a year to 2030, 2.9% from 2016 to 2025) that is about +4.3% a year for the price.
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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.Building Products & Equipment · 255 stocks
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Intikeramik Alamasri Industri Fair Value". https://www.fairvalue-calculator.com/stock/IKAI
Frequently asked questions
Is Intikeramik Alamasri Industri (IKAI) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of 25.83 IDR versus a price of 24.00 IDR, about +8% upside (fairly valued).
What is the fair value of IKAI?
Our model-based fair value for Intikeramik Alamasri Industri is 25.83 IDR (as of Oct 3, 2026), built from audited fundamentals. The current price: 24.00 IDR.
What is the quality score of IKAI?
Intikeramik Alamasri Industri has a Quality Score of 49/100. 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 Intikeramik Alamasri Industri (IKAI)?
Our model-based price target is the fair value of 25.83 IDR (as of Oct 3, 2026) from 7 valuation models. Cautious scenario 23.20 IDR, optimistic scenario 40.06 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Intikeramik Alamasri Industri stock forecast for 2026?
Our models put fair value at 25.83 IDR, about +8% upside versus a price of 24.00 IDR (fairly valued). Cautious scenario 23.20 IDR, optimistic scenario 40.06 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Intikeramik Alamasri Industri (IKAI)?
Intikeramik Alamasri Industri reported trailing-twelve-month revenue of about 143B IDR (latest available figure, as of Oct 3, 2026).
What growth is priced into Intikeramik Alamasri Industri (IKAI)?
For today's price to be fair in a discounted-cash-flow model, Intikeramik Alamasri Industri would have to grow free cash flow by +7.0 % per year for five years (discount rate 10.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.0 % per year. As of Oct 3, 2026.
What discount rate (WACC) does the fair value of IKAI use?
Our models discount Intikeramik Alamasri Industri at 10.5 %: a base by market capitalisation (nano), damped by beta 0.42, 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 Intikeramik Alamasri Industri that is +7.0 % per year a year over ten years, using the same discount rate (10.5 %) and the same formula as our fair value.
How much growth has Intikeramik Alamasri Industri (IKAI) delivered so far?
Over the past 5 years revenue at Intikeramik Alamasri Industri grew +10.0 % a year. The price currently implies +7.0 % 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 Intikeramik Alamasri Industri (IKAI) growing?
The median revenue growth in the sector is +7.4 % a year. That is the yardstick for the growth priced into Intikeramik Alamasri Industri (+7.0 % 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 Intikeramik Alamasri Industri (IKAI)?
The free-cash-flow yield on the price is 10.28 %: that much free cash flow Intikeramik Alamasri Industri produces per unit of market value. When it exceeds the discount rate of our models (10.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Intikeramik Alamasri Industri (IKAI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Intikeramik Alamasri Industri it is 25.83 IDR per share (as of Oct 3, 2026), against a price of 24.00 IDR. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is Intikeramik Alamasri Industri stock overvalued or undervalued in 2026?
As of Oct 3, 2026, IKAI trades below its calculated fair value: price 24.00 IDR, fair value 25.83 IDR, a gap of about +8% (fairly valued). 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 IKAI?
No. The price is what the market pays today (24.00 IDR); the fair value is what the company's own numbers justify (25.83 IDR). For Intikeramik Alamasri Industri the two are 1.83 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Intikeramik Alamasri Industri worth?
The market values Intikeramik Alamasri Industri at about 319B IDR (market capitalisation, as of Oct 3, 2026). Per share that is 24.00 IDR; our models calculate a fair value of 25.83 IDR per share.
What do the bullish and bearish scenarios say about IKAI?
Our models span a range for Intikeramik Alamasri Industri: cautious scenario 23.20 IDR, base 25.83 IDR, optimistic 40.06 IDR per share (as of Oct 3, 2026, price 24.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Intikeramik Alamasri Industri (IKAI)?
Balance-sheet figures for Intikeramik Alamasri Industri (as of Oct 3, 2026): return on equity −9.2%, debt of 0.23 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is IKAI from its 52-week high?
Intikeramik Alamasri Industri trades at 24.00 IDR, about 33% below its 52-week high of 36.00 IDR and 100% above the low of 12.00 IDR (as of Oct 13, 2026). Distance from the high says nothing about value: that is what the fair value of 25.83 IDR is for.
Which stocks are comparable to Intikeramik Alamasri Industri?
From the same area (Industrials) we also value Trane Technologies plc, Johnson Controls International plc, Carrier Global Corporation, Compagnie de Saint-Gobain S.A, 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 Intikeramik Alamasri Industri stock attractive at the current price?
The data as of Oct 3, 2026: price 24.00 IDR, calculated fair value 25.83 IDR (+8%), Quality Score 49/100, from 7 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 IKAI calculated?
We run Intikeramik Alamasri Industri through 7 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 25.83 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 14.5 % above its aggregate fair value. Intikeramik Alamasri Industri currently trades 7 % 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 Intikeramik Alamasri Industri (IKAI)?
The closing price on Oct 13, 2026 was 24.00 IDR. Our model-based fair value is 25.83 IDR, about +8% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Intikeramik Alamasri Industri right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Intikeramik Alamasri Industri
How large is the market capitalisation of Intikeramik Alamasri Industri (IKAI)?
The market capitalisation of Intikeramik Alamasri Industri is 319B IDR (≈ $17.8M). 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 Intikeramik Alamasri Industri (IKAI)?
The price-to-sales ratio of Intikeramik Alamasri Industri is 1.86 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Intikeramik Alamasri Industri (IKAI)?
Earnings per share at Intikeramik Alamasri Industri are −4.07 IDR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Intikeramik Alamasri Industri (IKAI)?
The net margin of Intikeramik Alamasri Industri is −43.3% (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 Intikeramik Alamasri Industri (IKAI)?
The return on equity (ROE) of Intikeramik Alamasri Industri is −9.2% (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 Intikeramik Alamasri Industri (IKAI)?
On an EBIT basis the return on assets of Intikeramik Alamasri Industri is −1.8% (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 Intikeramik Alamasri Industri (IKAI)?
The operating margin of Intikeramik Alamasri Industri is −19.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Intikeramik Alamasri Industri (IKAI)?
Revenue at Intikeramik Alamasri Industri is growing −16.7% versus a year earlier (3y avg −14.2%). 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 Intikeramik Alamasri Industri (IKAI)?
Earnings per share at Intikeramik Alamasri Industri are growing +238% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Intikeramik Alamasri Industri (IKAI) carry?
The net debt of Intikeramik Alamasri Industri is 199B IDR (fiscal year 2025, ≈ 6.1 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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