PT Jasa Armada Indonesia Tbk (IPCM) Fair Value & Analysis
Industrials · ID · Market cap 1.7T IDR
Fair value as of: Jul 18, 2026
From 24 valuation models · updated 23 days ago
Fair value updated Jul 18, 2026, revised from 780.58 IDR to 605.10 IDR (−22.5%) since Jun 25, 2026. Share price −1.9% over the past month.
A strong business, screening 99% undervalued on our models.
What matters now
- The rarer combination: high quality (80/100) AND below fair value. That earns a closer look rather than a quick verdict.
- The price is below even our cautious bear case (453.82 IDR). The market is more pessimistic than our downside scenario.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.
How to read this chart
60‑month range 172.09 IDR – 342.26 IDR · fair‑value band 453.82 IDR – 756.37 IDR · the 304.00 IDR price screens below the 605.10 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.
Analysis
PT Jasa Armada Indonesia Tbk (IPCM) currently trades at 304.00 IDR, while our model-based Fair Value estimate is 605.10 IDR, implying the stock looks roughly 99.0% undervalued today. The Quality Score stands at 80/100 (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 Jasa Armada Indonesia Tbk generated revenue of 1.5T IDR at a net margin of 13.5%. Revenue declined 2.3% year over year. It earns a return on equity of 14.7%. The balance sheet holds a net cash position of 481B IDR. Fundamentals as of Jul 18, 2026
Our scenario range runs from 453.82 IDR (bear case) to 756.37 IDR (bull case); at 304.00 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 17% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 67% fair-value upside, at 99%, IPCM 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.
All 24 models by family
Widest divergence: DCF Models (1,308 IDR) versus Asset-Based (172.39 IDR). Highest evidence: Residual Income (76).
Notify me when IPCM reaches fair value
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 80 · Market factors (momentum, volatility) 59
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 Jasa Armada Indonesia Tbk offers sea transportation services in Indonesia. The company provides sea port services; domestic and international sea transportation, river and lake transportation, sea transportation in port waters; warehousing and storage; machine repair; and cargo handling services.
Full company description
PT Jasa Armada Indonesia Tbk offers sea transportation services in Indonesia. The company provides sea port services; domestic and international sea transportation, river and lake transportation, sea transportation in port waters; warehousing and storage; machine repair; and cargo handling services. It also offers vessel, freight, and fleet management services. The company was founded in 1960 and is headquartered in Jakarta Utara, Indonesia. PT Jasa Armada Indonesia Tbk operates as a subsidiary of PT Pelindo Jasa Maritim.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
PT Jasa Armada Indonesia Tbk reported revenue of 1.5T IDR in FY2025 versus 820B IDR in FY2021, a compound +15.8%/yr. Reported net income was 196B IDR in FY2025, compounding +9.5%/yr from FY2021.
of which total revenue +8.2 pp · buybacks/dilution −24.8 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).
Watch IPCM: get an alert when its fair value changes →
Peer Group
Marine Shipping · 231 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
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Marine Shipping stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Adani Ports and Special Economic Zone Limited ADANIPORTS | ₹1,828 | ₹1,041 | -43% |
| A.P. Møller - Mærsk A/S MAERSKA | kr 16,520 | kr 3,033 | -82% |
| COSCO SHIPPING Holdings 601919 | ¥13.98 | ¥40.37 | +189% |
| Shanghai International Port (Group) Co 600018 | ¥5.17 | ¥6.57 | +27% |
| HMM Co 011200 | 20,050 KRW | 33,855 KRW | +69% |
| Ningbo Zhoushan Port Company 601018 | ¥3.35 | ¥5.58 | +67% |
| Qingdao Port International Co 601298 | ¥8.88 | ¥15.97 | +80% |
| JSW Infrastructure Limited JSWINFRA | ₹330.05 | ₹126.31 | -62% |
| Wan Hai Lines Ltd 2615 | 80.70 TWD | 212.79 TWD | +164% |
| Wallenius Wilhelmsen ASA WAWI | kr 137.70 | kr 50.56 | -63% |
Compare PT Jasa Armada Indonesia Tbk with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Industrials stocks →
Frequently asked questions
Is PT Jasa Armada Indonesia Tbk (IPCM) overvalued or undervalued?
What is the fair value of IPCM?
What is the quality score of IPCM?
What is the revenue of PT Jasa Armada Indonesia Tbk (IPCM)?
What is the net profit margin of IPCM?
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.
Track PT Jasa Armada Indonesia Tbk and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.