Tanah Laut Tbk (INDX) Fair Value & Analysis

Industrials · ID · Market cap 26.3B IDR (≈ $2.6M) · ISIN ID1000102007

Below-average quality, and trading another 35% above our fair value.

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

• Weak quality (32/100) and above fair value at the same time, the margin of safety is missing on both counts.
• A fairly wide model range (33.10 IDR to 66.20 IDR) leaves room in how you read the outcome.
• Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.

How to read this chart

60‑month range 57.00 IDR – 482.00 IDR · fair‑value band 33.10 IDR – 66.20 IDR · the 60.00 IDR price screens above the 44.35 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 27, 2026.

Full chart & analysis →

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Analysis

Tanah Laut Tbk (INDX) currently trades at 60.00 IDR, while our model-based Fair Value estimate is 44.35 IDR, implying the stock looks roughly 26.1% overvalued today. The Quality Score stands at 32/100 (below-average quality), in the Industrials 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: low).

Trailing-twelve-month revenue stands at 189M IDR. Revenue declined 81.2% year over year. It earns a return on equity of -31.6%. The balance sheet holds a net cash position of 1.4B IDR. Fundamentals as of Aug 27, 2026

Our scenario range runs from 33.10 IDR (bear case) to 66.20 IDR (bull case); at 60.00 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 79% below its 52-week high and 15% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 42% fair-value upside, at -26%, INDX screens richer 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.

Key figures & financial health

Quality Score breakdown

About the company

PT Tanah Laut Tbk, together with its subsidiaries, engages in planning and designing to develop business management in shipping, marine transport and logistics, harbor, mining, energy resources, and other consultative services in Indonesia.

Full company description

PT Tanah Laut Tbk, together with its subsidiaries, engages in planning and designing to develop business management in shipping, marine transport and logistics, harbor, mining, energy resources, and other consultative services in Indonesia. It operates through four segments: Port and Marine Logistics Services; Management Consultancy Business; domestic sea transportation and transloading services; and trading. The company offers business management consultancy services, which include planning and designing the development of business management in the areas of shipping, marine transport and logistics, harbor, mining, energy resources, and other consultative services. In addition, it engages in trading, service, construction, industry, land transport, workshop, agriculture, and printing activities. Further, the company provides terminal and other port facility management; coconut fruit plantations; coconut oil processing; and coconut cooking products. PT Tanah Laut Tbk was formerly known as PT IndoExchange Tbk and changed its name to PT Tanah Laut Tbk in June 2011. The company was incorporated in 1991 and is headquartered in Jakarta, Indonesia. PT Tanah Laut Tbk operates as a subsidiary of Equatorex Sdn. Bhd.

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

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Tanah Laut Tbk reported revenue of 312M IDR in FY2024 versus 4.8B IDR in FY2020, a compound −49.5%/yr. Reported net income was −8.8B IDR in FY2024.

INDX screens 26% overvalued. Compare with Adani Ports and Special Economic Zone Limited →

Peer Group

Marine Shipping · 239 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.

Valuation Multiples vs Marine Shipping median · lower = cheaper

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

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Frequently asked questions

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.