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PT Indonesia Kendaraan Terminal Tbk (IPCC) Fair Value & Analysis

Industrials · ID · Market cap 2.2T IDR

PI PT Indonesia Kendaraan Terminal Tbk IPCC · JK
Price1,165 IDR
Fair Value1,995 IDR
Upside+71.3%
Quality83/100
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Healthy Growth
Highly profitable · 27.8% net margin
generates free cash flow
Ranks above peers (9/13)
Wide moat 81/100
Evidence: High Range 1,496 IDR – 2,494 IDR Share as image

Fair value as of: Jul 12, 2026

From 26 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from 2,962 IDR to 1,995 IDR (−32.7%) since Jun 25, 2026. Share price −3.3% over the past month.

A strong business, screening 71% undervalued on our models.

What matters now

  • The rarer combination: high quality (83/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (1,496 IDR). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

1,312 IDR 306.89 IDR Fair Value 1,995 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range 306.89 IDR – 1,312 IDR · fair‑value band 1,496 IDR – 2,494 IDR · the 1,165 IDR price screens below the 1,995 IDR fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

PT Indonesia Kendaraan Terminal Tbk (IPCC) currently trades at 1,165 IDR, while our model-based Fair Value estimate is 1,995 IDR, implying the stock looks roughly 71.3% undervalued today. The Quality Score stands at 83/100 (high quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, PT Indonesia Kendaraan Terminal Tbk generated revenue of 929B IDR at a net margin of 27.8%. Revenue declined 0.5% year over year. It earns a return on equity of 18.8%. The balance sheet holds a net cash position of 606B IDR. Fundamentals as of Jul 12, 2026

Our scenario range runs from 1,496 IDR (bear case) to 2,494 IDR (bull case); at 1,165 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 18% below its 52-week high and 28% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -11% fair-value upside, at 71%, IPCC 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
Residual Income 947.34 IDR 1,205 IDR 3,933 IDR 76
Growth DCF 3,776 IDR 6,501 IDR 11,526 IDR 72
Gordon GGM 663.17 IDR 1,448 IDR 2,436 IDR 70
All 26 models by family
DCF Models
FCF DCF 3,809 IDR 6,788 IDR 12,378 IDR 38
Owner Earnings 3,275 IDR 5,759 IDR 10,420 IDR 31
5Y Revenue Exit 2,014 IDR 2,711 IDR 3,595 IDR 39
5Y EBITDA Exit 2,956 IDR 4,697 IDR 6,889 IDR 41
5Y P/E Exit 3,013 IDR 4,819 IDR 6,902 IDR 38
10Y Revenue Exit 2,538 IDR 3,420 IDR 4,672 IDR 36
10Y EBITDA Exit 3,207 IDR 4,928 IDR 7,556 IDR 37
10Y P/E Exit 3,246 IDR 5,020 IDR 7,568 IDR 35
Earnings-Based
Graham-Dodd 959.25 IDR 4,795 IDR 6,616 IDR 54
Lynch FV 1,297 IDR 1,852 IDR 2,408 IDR 50
PEG = 1.0 1,297 IDR 1,852 IDR 2,408 IDR 46
EPV 1,876 IDR 2,102 IDR 2,303 IDR 59
Dividend Discount
Gordon GGM 663.17 IDR 1,448 IDR 2,436 IDR 70
DDM Multi-Stage 663.17 IDR 1,186 IDR 1,509 IDR 61
Multiples
P/E Multiple 2,222 IDR 2,962 IDR 3,703 IDR 63
P/S Multiple 767.13 IDR 1,023 IDR 1,279 IDR 58
P/B Multiple 1,799 IDR 2,398 IDR 2,998 IDR 55
EV/EBIT 2,701 IDR 3,403 IDR 4,105 IDR 53
EV/EBITDA 2,729 IDR 3,440 IDR 4,151 IDR 54
EV/Revenue 1,240 IDR 1,516 IDR 1,792 IDR 43
Asset-Based
NCAV (Graham) 374.18 IDR 501.40 IDR 748.36 IDR 50
Growth DCF
Growth DCF 3,776 IDR 6,501 IDR 11,526 IDR 72
Rev-Margin DCF 2,014 IDR 2,731 IDR 3,683 IDR 67
Economic Profit
Residual Income 947.34 IDR 1,205 IDR 3,933 IDR 76
ROIC Compounder 1,965 IDR 2,316 IDR 2,710 IDR 67
Growth Earnings
Growth-Adj P/E 1,981 IDR 2,830 IDR 3,679 IDR 68

Widest divergence: DCF Models (4,819 IDR) versus Asset-Based (501.40 IDR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 929B IDR
Revenue growth (YoY) -0.5%
Net margin 27.8%
Return on equity 18.8%
Free cash flow 416B IDR FY2025
P/E ratio 8.5
More key figures
Operating margin 32.3%
EPS (TTM) 141.95 IDR
EPS growth (YoY) +3.2%
Net cash 606B IDR FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 83/100

Of which business quality 80 · Market factors (momentum, volatility) 58

Profitability 60
Margins and returns on capital today
Quality Growth 62
Are margins and returns improving?
Cashflow 94
Earnings quality: real cash, not paper profit
Fin. Strength 91
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 82
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 56
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.

About the company

PT Indonesia Kendaraan Terminal Tbk engages in the cargo loading-unloading and stacking yard business activities in Malaysia. The company offers water transportation for passengers, animals, and goods; mooring, towing, and pilotage; and sea toll and port cleaning services.

Full company description

PT Indonesia Kendaraan Terminal Tbk engages in the cargo loading-unloading and stacking yard business activities in Malaysia. The company offers water transportation for passengers, animals, and goods; mooring, towing, and pilotage; and sea toll and port cleaning services. It is involved in the operation of terminal facilities, such as ports and docks, navigation, inspection of cargo and containers; and shipping and berthing activities; land, buildings, water, and electricity business services. In addition, the company offers inland transportation services; operates pre delivery center; terminal handling services, including stevedoring, receive and delivery services, and cargodoring; and value-added services, such as repairing, painting, engine repair, accessories installation, washing, spare part management, marking and labeling, and pre-shipment inspection services. The company was founded in 2012 and is headquartered in Jakarta Utara, Indonesia. PT Indonesia Kendaraan Terminal Tbk operates as a subsidiary of PT Pelindo Multi Terminal Branch.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Indonesia Kendaraan Terminal Tbk reported revenue of 930B IDR in FY2025 versus 517B IDR in FY2021, a compound +15.8%/yr. Reported net income was 257B IDR in FY2025, compounding +43.8%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
930B IDR
Latest YoY
+12.8%
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.
+8.6%
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.
+21.1%
Avg. growth/yr (13Y) 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.
+10.2%
Revenue +15.8%/yr
FY21 517B IDR
FY22 727B IDR
FY23 735B IDR
FY24 825B IDR
FY25 930B IDR
Net income +43.8%/yr
FY21 60.1B IDR
FY22 162B IDR
FY23 191B IDR
FY24 212B IDR
FY25 257B IDR
Character of growth · EPS growth decomposed (2014-2025) +6.0 % p.a.
Revenue per share +6.9 pp

of which total revenue +13.5 pp · buybacks/dilution −6.6 pp

EBIT margin −1.5 pp
Tax rate +1.0 pp
Residual (interest, one-offs) −0.3 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "PT Indonesia Kendaraan Terminal Tbk Fair Value". https://www.fairvalue-calculator.com/stock/IPCC

Peer Group

Integrated Freight & Logistics · 218 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 83 · Top 25%
Fair Value upside +71% · Top 25%
Return on equity (TTM) 19% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 28% · Top 25%
Operating margin (TTM) 32% · Top 25%
Revenue growth -1% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Integrated Freight & Logistics median · lower = cheaper

P/E (TTM) 8.5× · Cheaper than 75% of peers
P/B 1.61× · Pricier than median
P/S (TTM) 2.36× · Pricier than 75% of peers
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 3.6× · Cheaper 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 100 · sector 46
FUTURE 0 · sector 8
PAST 75 · sector 26
HEALTH 0 · sector 94
DIVIDEND 0 · sector 56

Insider activity: 40/100

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.

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Frequently asked questions

Is PT Indonesia Kendaraan Terminal Tbk (IPCC) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of 1,995 IDR versus a price of 1,165 IDR, about +71% (undervalued).
What is the fair value of IPCC?
Our model-based fair value for PT Indonesia Kendaraan Terminal Tbk is 1,995 IDR (as of Jul 12, 2026), built from audited fundamentals. The current price is 1,165 IDR.
What is the quality score of IPCC?
PT Indonesia Kendaraan Terminal Tbk has a Quality Score of 83/100. 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 Indonesia Kendaraan Terminal Tbk (IPCC)?
PT Indonesia Kendaraan Terminal Tbk reported trailing-twelve-month revenue of about 929B IDR (latest available figure, as of Jul 12, 2026).
What is the net profit margin of IPCC?
The net profit margin of PT Indonesia Kendaraan Terminal Tbk is about 27.8%, meaning it keeps roughly 27.8% 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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