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PT Royalindo Investa Wijaya Tbk, (INDO) Fair Value & Analysis

Consumer Cyclical · ID · Market cap 762B IDR

PR PT Royalindo Investa Wijaya Tbk, INDO · JK
Price177.00 IDR
Fair Value83.81 IDR
Upside-52.7%
Quality57/100
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Mixed Growth
Highly profitable · 112.2% net margin
negative free cash flow
Mixed vs. peers (6/11)
Moderate moat 58/100
Evidence: Medium Range 78.45 IDR – 89.18 IDR Share as image

Fair value as of: Jul 11, 2026

From 14 valuation models · updated 30 days ago

Share price +4.1% over the past month.

A solid business, but screening 53% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (89.18 IDR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.
  • The models converge in a tight band (78.45 IDR to 89.18 IDR), unusually little disagreement for a valuation.
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Price vs Fair Value (5 years)

520.00 IDR 82.00 IDR Fair Value 83.81 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.

How to read this chart

60‑month range 82.00 IDR – 520.00 IDR · fair‑value band 78.45 IDR – 89.18 IDR · the 177.00 IDR price screens above the 83.81 IDR fair value. Dashed = 300-day average. As of Jul 11, 2026.

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Analysis

PT Royalindo Investa Wijaya Tbk, (INDO) currently trades at 177.00 IDR, while our model-based Fair Value estimate is 83.81 IDR, implying the stock looks roughly 52.7% overvalued today. The Quality Score stands at 57/100 (solid quality), in the Consumer Cyclical 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).

Trailing-twelve-month revenue stands at 29.1B IDR. Revenue grew 4.0% year over year. It earns a return on equity of 3.0%. The balance sheet holds a net cash position of 279B IDR. Fundamentals as of Jul 11, 2026

Our scenario range runs from 78.45 IDR (bear case) to 89.18 IDR (bull case); at 177.00 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 70% below its 52-week high and 27% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -62% fair-value upside, at -53%, INDO 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-Adj P/E 211.68 IDR 302.39 IDR 393.11 IDR 68
ROIC Compounder 70.69 IDR 72.12 IDR 73.39 IDR 67
P/E Multiple 107.39 IDR 143.19 IDR 178.99 IDR 63
All 14 models by family
Earnings-Based
Graham-Dodd 44.26 IDR 308.66 IDR 433.15 IDR 54
Lynch FV 159.46 IDR 227.80 IDR 296.15 IDR 50
PEG = 1.0 159.46 IDR 227.80 IDR 296.15 IDR 46
EPV 70.69 IDR 72.12 IDR 73.39 IDR 59
Multiples
P/E Multiple 107.39 IDR 143.19 IDR 178.99 IDR 63
P/S Multiple 5.80 IDR 7.73 IDR 9.66 IDR 58
P/B Multiple 82.99 IDR 110.65 IDR 138.31 IDR 55
EV/EBIT 74.74 IDR 78.79 IDR 82.85 IDR 53
EV/EBITDA 78.68 IDR 84.04 IDR 89.41 IDR 54
EV/Revenue 67.99 IDR 70.31 IDR 72.63 IDR 43
Asset-Based
NCAV (Graham) 122.61 IDR 164.29 IDR 245.22 IDR 50
Economic Profit
Residual Income 178.58 IDR 172.89 IDR 145.52 IDR 61
ROIC Compounder 70.69 IDR 72.12 IDR 73.39 IDR 67
Growth Earnings
Growth-Adj P/E 211.68 IDR 302.39 IDR 393.11 IDR 68

Widest divergence: Growth Earnings (302.39 IDR) versus Economic Profit (72.12 IDR). Highest evidence: Growth-Adj P/E (68).

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Key figures & financial health

Revenue (TTM) 29.1B IDR
Revenue growth (YoY) +4.0%
Net margin 112%
Return on equity 3.0%
Free cash flow −56.2B IDR FY2025
P/E ratio 23.3
More key figures
Operating margin 31.8%
EPS (TTM) 7.29 IDR
EPS growth (YoY) +65.8%
Net cash 279B IDR FY2025

Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 55 · Market factors (momentum, volatility) 30

Profitability 32
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 29
Earnings quality: real cash, not paper profit
Fin. Strength 96
Balance sheet, leverage, solvency risk
Investment 51
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 17
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.

About the company

PT Royalindo Investa Wijaya Tbk, together with its subsidiaries, engages in the room rental business in Indonesia. The company provides real estate, retail trading, accommodation, food and beverage, and agricultural support services.

Full company description

PT Royalindo Investa Wijaya Tbk, together with its subsidiaries, engages in the room rental business in Indonesia. The company provides real estate, retail trading, accommodation, food and beverage, and agricultural support services. It also engages in the sugarcane plantation operation, farming, and sugar industry and retailer businesses, as well as trading of food, beverage, and tobacco products. The company was founded in 2005 and is headquartered in Jakarta Pusat, Indonesia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Royalindo Investa Wijaya Tbk, reported revenue of 28.9B IDR in FY2025 versus 7.5B IDR in FY2021, a compound +40.0%/yr. Reported net income was 29.2B IDR in FY2025, compounding +35.7%/yr from FY2021.

Growth Quality 47/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
28.9B IDR
Latest YoY
+7.1%
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.
+41.0%
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.
+56.4%
Avg. growth/yr (7Y) 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.
+121.9%
Revenue +40.0%/yr
FY21 7.5B IDR
FY22 10.3B IDR
FY23 17.6B IDR
FY24 26.9B IDR
FY25 28.9B IDR
Net income +35.7%/yr
FY21 8.6B IDR
FY22 32.2B IDR
FY23 12.3B IDR
FY24 21.5B IDR
FY25 29.2B IDR

INDO screens 53% overvalued. Compare with Marriott International, Inc →

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Cite: Fair Value Calculator (2026). "PT Royalindo Investa Wijaya Tbk, Fair Value". https://www.fairvalue-calculator.com/stock/INDO

Peer Group

Lodging · 168 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 57 · Above median
Fair Value upside −53% · Below median
Return on equity (TTM) 3% · Above median
Return on assets 1% · Below median
Net margin (TTM) 112% · Top 25%
Operating margin (TTM) 32% · Top 25%
Revenue growth 4% · Above median

Valuation Multiples vs Lodging median · lower = cheaper

P/E (TTM) 23.3× · Pricier than median
P/B 0.69× · Cheaper than median
P/S (TTM) 26.16× · Pricier than 75% of peers
EV/EBITDA 32.6× · Pricier 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 1
FUTURE 20 · sector 18
PAST 12 · sector 11
HEALTH 0 · sector 90
DIVIDEND 0 · sector 23

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.

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 Lodging stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).

Stock Price Fair Value vs Fair Value
Marriott International, Inc MAR $369.05 $135.64 -63%
Hilton Worldwide Holdings HLT $328.48 $123.67 -62%
InterContinental Hotels Group IHG $159.87 $85.18 -47%
Hyatt Hotels Corporation H $191.00 $47.69 -75%
H World Group HTHT $42.67 $47.55 +11%
Accor SA AC €47.25 €39.26 -17%
The Indian Hotels Company INDHOTEL ₹743.20 ₹260.68 -65%
Wyndham Hotels & Resorts, Inc WH $78.54 $24.02 -69%
Hanjin Kal, 180640 113,500 KRW 36,890 KRW -67%
Jabal Omar Development Company 4250 16.00 SAR 11.64 SAR -27%

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Frequently asked questions

Is PT Royalindo Investa Wijaya Tbk, (INDO) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of 83.81 IDR versus a price of 177.00 IDR, about −53% (overvalued).
What is the fair value of INDO?
Our model-based fair value for PT Royalindo Investa Wijaya Tbk, is 83.81 IDR (as of Jul 11, 2026), built from audited fundamentals. The current price is 177.00 IDR.
What is the quality score of INDO?
PT Royalindo Investa Wijaya Tbk, has a Quality Score of 57/100. 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 Royalindo Investa Wijaya Tbk, (INDO)?
PT Royalindo Investa Wijaya Tbk, reported trailing-twelve-month revenue of about 29.1B IDR (latest available figure, as of Jul 11, 2026).
What is the net profit margin of INDO?
The net profit margin of PT Royalindo Investa Wijaya Tbk, is about 112.2%, meaning it keeps roughly 112.2% 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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