Indocement Tunggal Prakarsa (INTP) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Indocement Tunggal Prakarsa IDR 10,239, price IDR 5,250, upside +95.0%, quality 65 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Indocement Tunggal Prakarsa 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 freePro now: $1 first month
PT Indocement Tunggal Prakarsa Tbk manufactures and sells cement products in Indonesia and internationally. It operates in three segments: Cement, Ready-Mix Concrete, and Aggregates Quarries.
Show more
PT Indocement Tunggal Prakarsa Tbk manufactures and sells cement products in Indonesia and internationally. It operates in three segments: Cement, Ready-Mix Concrete, and Aggregates Quarries. The company offers cement products comprising Portland composite, hydraulic, oil well, white, and slag cement, as well as white and multipurpose mortar; ready-mix concrete for use in construction projects, including high-rise buildings and housing, roads, bridges, ports, and airports, as well as industrial and commercial infrastructure; and aggregate products, such as crushed stone, sand, and gravel products. It is also involved in the mining of aggregates and trass; shipping; port management; outsourcing; construction; and trading activities. The company exports its products. The company was founded in 1975 and is headquartered in Jakarta, Indonesia. PT Indocement Tunggal Prakarsa Tbk operates as a subsidiary of Heidelberg Materials AG.
Stock analysis
Indocement Tunggal Prakarsa (INTP) currently trades at 5,250 IDR, while our model-based Fair Value estimate is 10,239 IDR, implying the stock looks roughly 48.7% undervalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of 12,481 IDR per share, and 21 of the 23 models we run sit above the 5,250 IDR price.
Bear case: the Asset-Based group reads lowest at 4,734 IDR, and 2 of the 23 models stay below the price. Evidence for this calculation is low.
Scenario range: 7,697 IDR (bear) to 12,632 IDR (bull), the price of 5,250 IDR sits below 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 65/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Indocement Tunggal Prakarsa reported revenue of 17.7T IDR in FY2025 versus 14.8T IDR in FY2021, a compound +4.7%/yr. Reported net income was 2.2T IDR in FY2025, compounding +5.9%/yr from FY2021.
Key figures
Market cap 17.5T IDR (≈ $1.8B) · P/E ratio 7.8 · P/S ratio 0.98 · EPS (TTM) 677.27 IDR · Net margin 12.7% · Return on equity 9.9% · Return on assets (EBIT) 7.4% · Operating margin 5.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 22% below its 52-week high and 31% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −47% fair-value upside, at 95%, INTP screens cheaper than that median.
Fair Value models
Bear 7,697 IDRFair Value 10,239 IDRBull 12,632 IDR
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (495.43 IDR per share) are deliberately not added.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 ⓘ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.67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−4.4%
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.
+2.8%
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.
+4.6%
Start year 2020 (pandemic). Over 10 years: +0.0% 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.
+8.2%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in IDR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. 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.
+6.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.5%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.7% vs −6%, picking up
Profit margin 2020 to 2025 ⓘ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.13% → 12%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
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).
−12.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+2.6%
Yearly sales growth analysts expect, extended to five years.
After inflation (Indonesia: IMF forecast 2.6% a year to 2030, 2.9% from 2016 to 2025) that is about −14.5% a year for the price and +0.0% for the forecasts.
Compare Indocement Tunggal Prakarsa with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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 Materials · 257 stocks
Beats the industry median on 10/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside+95% · Top 25%
Profitability
Return on equity (TTM)10% · Above median
Return on assets4% · Above median
Net margin (TTM)13% · Top 25%
Operating margin (TTM)6% · Below median
Growth and dividend
Revenue growth−3% · Below median
Dividend yield (TTM)0.0% · Bottom 25%
Balance sheet
Debt / equity0.04× · Below median
Valuation Multiplesvs Building Materials median · lower = cheaper
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.
Is Indocement Tunggal Prakarsa (INTP) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 10,239 IDR versus a price of 5,250 IDR, about +95% upside (undervalued).
What is the fair value of INTP?
Our model-based fair value for Indocement Tunggal Prakarsa is 10,239 IDR (as of Sep 24, 2026), built from audited fundamentals. The current price: 5,250 IDR.
What is the quality score of INTP?
Indocement Tunggal Prakarsa 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 price target for Indocement Tunggal Prakarsa (INTP)?
Our model-based price target is the fair value of 10,239 IDR (as of Sep 24, 2026) from 23 valuation models. Cautious scenario 7,697 IDR, optimistic scenario 12,632 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Indocement Tunggal Prakarsa stock forecast for 2026?
Our models put fair value at 10,239 IDR, about +95% upside versus a price of 5,250 IDR (undervalued). Cautious scenario 7,697 IDR, optimistic scenario 12,632 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Indocement Tunggal Prakarsa (INTP)?
Indocement Tunggal Prakarsa reported trailing-twelve-month revenue of about 17.6T IDR (latest available figure, as of Sep 24, 2026).
What growth is priced into Indocement Tunggal Prakarsa (INTP)?
For today's price to be fair in a discounted-cash-flow model, Indocement Tunggal Prakarsa would have to grow free cash flow by -12.2 % per year for five years (discount rate 12.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of INTP use?
Our models discount Indocement Tunggal Prakarsa at 12.0 %: a base by market capitalisation (small), damped by beta 0.36, 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 Indocement Tunggal Prakarsa that is -12.2 % per year a year over ten years, using the same discount rate (12.0 %) and the same formula as our fair value.
How much growth has Indocement Tunggal Prakarsa (INTP) delivered so far?
Over the past 5 years revenue at Indocement Tunggal Prakarsa grew +4.6 % a year. The price currently implies -12.2 % 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 Indocement Tunggal Prakarsa (INTP) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Indocement Tunggal Prakarsa (-12.2 % 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 Indocement Tunggal Prakarsa (INTP)?
The free-cash-flow yield on the price is 15.96 %: that much free cash flow Indocement Tunggal Prakarsa produces per unit of market value. When it exceeds the discount rate of our models (12.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Indocement Tunggal Prakarsa (INTP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Indocement Tunggal Prakarsa it is 10,239 IDR per share (as of Sep 24, 2026), against a price of 5,250 IDR. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Indocement Tunggal Prakarsa stock overvalued or undervalued in 2026?
As of Sep 24, 2026, INTP trades below its calculated fair value: price 5,250 IDR, fair value 10,239 IDR, a gap of about +95% (undervalued). 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 INTP?
No. The price is what the market pays today (5,250 IDR); the fair value is what the company's own numbers justify (10,239 IDR). For Indocement Tunggal Prakarsa the two are 4,989 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Indocement Tunggal Prakarsa worth?
The market values Indocement Tunggal Prakarsa at about 17.5T IDR (market capitalisation, as of Sep 24, 2026). Per share that is 5,250 IDR; our models calculate a fair value of 10,239 IDR per share.
What do the bullish and bearish scenarios say about INTP?
Our models span a range for Indocement Tunggal Prakarsa: cautious scenario 7,697 IDR, base 10,239 IDR, optimistic 12,632 IDR per share (as of Sep 24, 2026, price 5,250 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of INTP?
Indocement Tunggal Prakarsa trades at a price-to-earnings ratio of 7.8 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 10,239 IDR is built from several models across several years. Other multiples: PEG 4.4, P/B 0.8, P/S 1.0, EV/EBITDA 4.2.
What is the PEG ratio of INTP?
The PEG ratio of Indocement Tunggal Prakarsa is 4.35 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Indocement Tunggal Prakarsa (INTP)?
Balance-sheet figures for Indocement Tunggal Prakarsa (as of Sep 24, 2026): return on equity 9.9%, debt of 0.04 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is INTP from its 52-week high?
Indocement Tunggal Prakarsa trades at 5,250 IDR, about 22% below its 52-week high of 6,768 IDR and 31% above the low of 4,000 IDR (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 10,239 IDR is for.
Which stocks are comparable to Indocement Tunggal Prakarsa?
From the same area (Basic Materials) we also value CRH plc, Holcim AG, Vulcan Materials Company, UltraTech Cement Limited, 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 Indocement Tunggal Prakarsa stock attractive at the current price?
The data as of Sep 24, 2026: price 5,250 IDR, calculated fair value 10,239 IDR (+95%), Quality Score 65/100, from 23 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 INTP calculated?
We run Indocement Tunggal Prakarsa through 23 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 10,239 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 14.1 % above its aggregate fair value. Indocement Tunggal Prakarsa currently trades 95 % 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 Indocement Tunggal Prakarsa (INTP)?
The closing price on Sep 23, 2026 was 5,250 IDR. Our model-based fair value is 10,239 IDR, about +95% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Indocement Tunggal Prakarsa right now?
The price is below even our cautious bear case (7,697 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.
Where does the earnings growth of Indocement Tunggal Prakarsa (INTP) come from?
Earnings per share at Indocement Tunggal Prakarsa grew −7.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +1.2 %, EBIT margin −8.2 %, tax rate +0.0 %, residual (interest, one-offs) −0.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Indocement Tunggal Prakarsa
How large is the market capitalisation of Indocement Tunggal Prakarsa (INTP)?
The market capitalisation of Indocement Tunggal Prakarsa is 17.5T IDR (≈ $1.8B). 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 Indocement Tunggal Prakarsa (INTP)?
The price-to-sales ratio of Indocement Tunggal Prakarsa is 0.98 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Indocement Tunggal Prakarsa (INTP)?
Earnings per share at Indocement Tunggal Prakarsa are 677.27 IDR (price ÷ EPS = P/E 7.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Indocement Tunggal Prakarsa (INTP)?
The net margin of Indocement Tunggal Prakarsa is 12.7% (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 Indocement Tunggal Prakarsa (INTP)?
The return on equity (ROE) of Indocement Tunggal Prakarsa is 9.9% (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 Indocement Tunggal Prakarsa (INTP)?
On an EBIT basis the return on assets of Indocement Tunggal Prakarsa is 7.4% (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 Indocement Tunggal Prakarsa (INTP)?
The operating margin of Indocement Tunggal Prakarsa is 5.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Indocement Tunggal Prakarsa (INTP)?
Revenue at Indocement Tunggal Prakarsa is growing −3.3% versus a year earlier (3y avg +2.8%). 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 Indocement Tunggal Prakarsa (INTP)?
Earnings per share at Indocement Tunggal Prakarsa are growing +4.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Indocement Tunggal Prakarsa (INTP) hold?
Indocement Tunggal Prakarsa holds more cash than debt, 3.1T IDR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch Indocement Tunggal Prakarsa in the live analysis
One click puts Indocement Tunggal Prakarsa 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.
