EN DE

Intanwijaya Internasional Tbk (INCI) Fair Value & Analysis

Basic Materials · ID · Market cap 137B IDR (≈ $13.7M) · ISIN ID1000064504

What is Intanwijaya Internasional Tbk really worth?

II Intanwijaya Internasional Tbk INCI · JK
Price780.00 IDR
Fair Value1,637 IDR
Upside+109.9%
Quality65/100

A solid business, trading 52% below our fair value of 1,637 IDR.

Watch Intanwijaya Internasional Tbk for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free

Strengths

✓Low debt · generates free cash flow
✓Ranks above peers (11/13)

Risks

!Weak Growth (revenue 5y −0.5 %/yr)
!Thin margins · 7.0% net margin
!Narrow moat 38/100
!Evidence only low, so the estimate is less certain
!Weak on future: 25 out of 100
!Weak on past: 23 out of 100
Evidence: Low Range 1,228 IDR – 2,046 IDR

Fair value as of: Aug 30, 2026

From 26 valuation models · updated 3 days ago

Fair value updated Aug 30, 2026, revised from 2,123 IDR to 1,637 IDR (−22.9%) since Aug 27, 2026. Share price +17.3% over the past month.

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

What matters now

  • The price is below even our cautious bear case (1,228 IDR). The market is more pessimistic than our downside scenario.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid quality (65/100) at a price below fair value, the discount is the argument here, not the business quality.

Price vs Fair Value (5 years)

855.98 IDR 430.55 IDR Fair Value 1,637 IDR Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 30, 2026.

How to read this chart

60‑month range 430.55 IDR – 855.98 IDR · fair‑value band 1,228 IDR – 2,046 IDR · the 780.00 IDR price screens below the 1,637 IDR fair value. Dashed = 300-day average. As of Aug 30, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Intanwijaya Internasional Tbk (INCI) currently trades at 780.00 IDR, while our model-based Fair Value estimate is 1,637 IDR, implying the stock looks roughly 52.4% undervalued today. The Quality Score stands at 65/100 (solid quality), in the Basic Materials sector. Bull case: the DCF Models group reads highest at a median of 3,011 IDR per share, and 24 of the 26 models we run sit above the 780.00 IDR price. Bear case: the Dividend Discount group reads lowest at 540.07 IDR, and 2 of the 26 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Intanwijaya Internasional Tbk generated revenue of 389B IDR at a net margin of 7.0%. Revenue grew 5.0% year over year. It earns a return on equity of 5.8%. The balance sheet holds a net cash position of 169B IDR. Fundamentals as of Aug 30, 2026

Our scenario range runs from 1,228 IDR (bear case) to 2,046 IDR (bull case); at 780.00 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 12% below its 52-week high and 42% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −58% fair-value upside, at 110%, INCI screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 56.49 IDR per share, which is 3.5 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
FCF DCF 2,971 IDR 4,202 IDR 6,100 IDR 80
Growth DCF 3,004 IDR 4,087 IDR 5,649 IDR 79
Owner Earnings 2,018 IDR 2,701 IDR 3,754 IDR 77
All 26 models by family
DCF Models
FCF DCF 2,971 IDR 4,202 IDR 6,100 IDR 80
Owner Earnings 2,018 IDR 2,701 IDR 3,754 IDR 77
5Y Revenue Exit 2,153 IDR 2,760 IDR 3,513 IDR 74
5Y EBITDA Exit 2,141 IDR 2,737 IDR 3,414 IDR 77
5Y P/E Exit 2,500 IDR 3,414 IDR 4,368 IDR 72
10Y Revenue Exit 2,399 IDR 3,027 IDR 3,837 IDR 68
10Y EBITDA Exit 2,420 IDR 3,011 IDR 3,761 IDR 70
10Y P/E Exit 2,650 IDR 3,482 IDR 4,494 IDR 65
Earnings-Based
Graham-Dodd 849.08 IDR 2,740 IDR 3,657 IDR 64
Lynch FV 609.21 IDR 870.31 IDR 1,131 IDR 61
PEG = 1.0 609.21 IDR 870.31 IDR 1,131 IDR 57
EPV 1,550 IDR 1,670 IDR 1,775 IDR 74
Dividend Discount
Gordon GGM 321.31 IDR 668.06 IDR 1,060 IDR 66
DDM Multi-Stage 321.31 IDR 540.07 IDR 701.15 IDR 66
Multiples
P/E Multiple 1,592 IDR 2,123 IDR 2,653 IDR 63
P/S Multiple 1,592 IDR 2,123 IDR 2,653 IDR 58
P/B Multiple 1,592 IDR 2,123 IDR 2,653 IDR 55
EV/EBIT 1,904 IDR 2,262 IDR 2,620 IDR 66
EV/EBITDA 1,807 IDR 2,132 IDR 2,458 IDR 67
EV/Revenue 1,761 IDR 2,160 IDR 2,559 IDR 54
Asset-Based
NCAV (Graham) 1,147 IDR 1,537 IDR 2,294 IDR 54
Growth DCF
Growth DCF 3,004 IDR 4,087 IDR 5,649 IDR 79
Rev-Margin DCF 2,153 IDR 2,782 IDR 3,521 IDR 74
Economic Profit
Residual Income 1,780 IDR 1,815 IDR 1,782 IDR 76
ROIC Compounder 1,550 IDR 1,670 IDR 1,775 IDR 72
Growth Earnings
Growth-Adj P/E 1,368 IDR 1,954 IDR 2,540 IDR 67

Widest divergence: DCF Models (3,011 IDR) versus Dividend Discount (540.07 IDR). Highest evidence: FCF DCF (80).

Notify me when INCI reaches fair value

Put INCI on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Free, no payment details. Unsubscribe anytime in one click.

Key figures & financial health

P/E ratio 9.3
P/S ratio 0.62 P/E × margin
EPS (TTM) 84.16 IDR price ÷ EPS = P/E 9.3
Dividend yield 5.8% payout 54.1%
Net margin 6.7% FY2025
Return on equity 5.8% TTM
More key figures
Profitability
Return on assets (EBIT) 4.2% avg 5y
Operating margin 6.3% TTM
Growth
Revenue (TTM) 389B IDR TTM
Revenue growth (YoY) +5.0% 3y avg −7.0%
EPS growth (YoY) +24.0%
Balance sheet & cash flow
Free cash flow 38.8B IDR FY2025
Net cash 169B IDR FY2025

Figures from reported company fundamentals · as of Aug 30, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 65/100

Of which business quality 66 · Market factors (momentum, volatility) 67

Profitability 36
Margins and returns on capital today
Quality Growth 28
Are margins and returns improving?
Cashflow 67
Earnings quality: real cash, not paper profit
Fin. Strength 99
Balance sheet, leverage, solvency risk
Investment 84
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 64
Price trend over the last 3–12 months (market factor)
52W Momentum 68
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.

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 Intanwijaya Internasional Tbk manufactures formalin and formalin derivative products in Indonesia. It offers formalin, urea formaldehyde resins, melamine urea formaldehyde resins, phenol formaldehyde resins, UFP 1001 powder resins, one-step glue powder resins, and MFP 134 powder resins, as well as UF RIW CARB, hardeners, and catchers.

Full company description

PT Intanwijaya Internasional Tbk manufactures formalin and formalin derivative products in Indonesia. It offers formalin, urea formaldehyde resins, melamine urea formaldehyde resins, phenol formaldehyde resins, UFP 1001 powder resins, one-step glue powder resins, and MFP 134 powder resins, as well as UF RIW CARB, hardeners, and catchers. The company is also involved in the real estate activities. The company was formerly known as PT Intan Wijaya Chemical Industry and changed its name to PT Intanwijaya Internasional Tbk in June 2000. PT Intanwijaya Internasional Tbk was incorporated in 1981 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

Intanwijaya Internasional Tbk reported revenue of 385B IDR in FY2025 versus 521B IDR in FY2021, a compound −7.3%/yr. Reported net income was 25.9B IDR in FY2025, compounding +23.8%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
385B IDR
Latest YoY
−1.5%
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.
−7.0%
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.
−0.5%
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.
+6.5%
Value creation/yr (5Y, in IDR) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in IDR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+19.2% (13.4 + 5.8)
Revenue −7.3%/yr
FY21 521B IDR
FY22 478B IDR
FY23 378B IDR
FY24 391B IDR
FY25 385B IDR
Net income +23.8%/yr
FY21 11.0B IDR
FY22 24.4B IDR
FY23 17.5B IDR
FY24 25.8B IDR
FY25 25.9B IDR
Character of growth · EPS growth decomposed (2014-2025) +6.9 % p.a.
Revenue per share +11.8 %

of which total revenue +11.8 % · buybacks/dilution +0.0 %

EBIT margin −2.9 %
Tax rate −0.8 %
Residual (interest, one-offs) −0.7 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

Watch INCI: get an alert when its fair value changes →

Run the numbers yourself: free valuation calculators
DCF CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorFama-French ModelIntrinsic Value
Share or link this analysis
𝕏 Post WhatsApp LinkedIn Reddit
For bloggers & editors: embed code + live data

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.

Intanwijaya Internasional Tbk · Fair Value
1,637 IDR +52%Fair Value
Calculator →

Cite: Fair Value Calculator (2026). "Intanwijaya Internasional Tbk Fair Value". https://www.fairvalue-calculator.com/stock/INCI

Peer Group

Specialty Chemicals · 715 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 65 · Top 25%
Fair Value upside +110% · Top 25%
Return on equity (TTM) 6% · Above median
Return on assets 3% · Below median
Net margin (TTM) 7% · Above median
Operating margin (TTM) 6% · Below median
Revenue growth 5% · Above median
Dividend yield (TTM) 5.8% · Top 25%
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 9.3× · Cheaper than 75% of peers
P/B 0.29× · Cheaper than 75% of peers
P/S (TTM) 0.35× · Cheaper than 75% of peers
P/FCF 0.0× · Cheaper than 75% of peers

Strength profile in five axes (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 0
FUTURE25 · sector 19
PAST23 · sector 23
HEALTH100 · sector 95
DIVIDEND100 · sector 28

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 Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 30, 2026).

Stock Price Fair Value vs Fair Value
Linde plc LIN $485.35 $222.03 −54%
The Sherwin-Williams Company SHW $344.86 $143.38 −58%
Ecolab Inc ECL $286.75 $96.18 −66%
Air Products and Chemicals, Inc APD $308.09 $122.14 −60%
Givaudan SA GIVN CHF 3,282 CHF 1,498 −54%
Wanhua Chemical Group 600309 ¥75.06 ¥68.03 −9%
500820 500820 ₹2,757 ₹557.43 −80%
Novozymes A/S NSISB kr 456.40 kr 169.99 −63%
Asian Paints Limited ASIANPAINT ₹2,630 ₹696.23 −74%
PPG Industries, Inc PPG $114.22 $71.31 −38%

Compare Intanwijaya Internasional Tbk with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Basic Materials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screener Filter by region, size and sector Compare tool Two stocks side by side Fama-French 3-Factor Model Calculator Run the Fama-French 3-factor model in seconds: expected return from the market, size and value factors - free, with formula, betas and an example. Peter Lynch Fair Value Formula & Calculator Apply Peter Lynch's fair value formula in seconds: fair P/E ≈ earnings growth (+ dividend) - free, with formula and example.

Frequently asked questions

Is Intanwijaya Internasional Tbk (INCI) overvalued or undervalued?
As of Aug 30, 2026, our model estimates a fair value of 1,637 IDR versus a price of 780.00 IDR, about +110% upside (undervalued).
What is the fair value of INCI?
Our model-based fair value for Intanwijaya Internasional Tbk is 1,637 IDR (as of Aug 30, 2026), built from audited fundamentals. The current price: 780.00 IDR.
What is the quality score of INCI?
Intanwijaya Internasional Tbk has a Quality Score of 65/100. 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 Intanwijaya Internasional Tbk (INCI)?
Intanwijaya Internasional Tbk reported trailing-twelve-month revenue of about 389B IDR (latest available figure, as of Aug 30, 2026).
What is the net profit margin of INCI?
The net profit margin of Intanwijaya Internasional Tbk is about 7.0%, meaning it keeps roughly 7.0% of revenue as net income. Based on the latest reported figures.
Does Intanwijaya Internasional Tbk pay a dividend?
Intanwijaya Internasional Tbk currently shows a dividend yield of about 5.83% relative to its recent price (as of Aug 30, 2026).
Free · no account needed

Watch Intanwijaya Internasional Tbk in the live analysis

One click puts Intanwijaya Internasional Tbk on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.