PT Folago Global Nusantara Tbk, (IRSX) Fair Value & Analysis
Technology · ID · Market cap 2.5T IDR
Fair value as of: Jul 20, 2026
From 13 valuation models · updated 21 days ago
Share price +38.2% over the past month.
Below-average quality, and screening another 77% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (107.91 IDR). The favourable scenario is already priced in.
- Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts.
- A fairly wide model range (55.85 IDR to 107.91 IDR) leaves room in how you read the outcome.
Price vs Fair Value (4 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.
How to read this chart
42‑month range 9.00 IDR – 784.61 IDR · fair‑value band 55.85 IDR – 107.91 IDR · the 362.00 IDR price screens above the 81.69 IDR fair value. Dashed = 300-day average. As of Jul 20, 2026.
Analysis
PT Folago Global Nusantara Tbk, (IRSX) currently trades at 362.00 IDR, while our model-based Fair Value estimate is 81.69 IDR, implying the stock looks roughly 77.4% overvalued today. The Quality Score stands at 40/100 (below-average quality), in the Technology 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).
Over the trailing twelve months, PT Folago Global Nusantara Tbk, generated revenue of 530B IDR at a net margin of 5.5%. Revenue grew 233.4% year over year. It earns a return on equity of 15.5%. The stock trades on a trailing P/E of 53.4. Fundamentals as of Jul 20, 2026
Our scenario range runs from 55.85 IDR (bear case) to 107.91 IDR (bull case); at 362.00 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 59% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -27% fair-value upside, at -77%, IRSX 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.
All 13 models by family
Widest divergence: Growth Earnings (152.01 IDR) versus Asset-Based (23.60 IDR). Highest evidence: Growth-Adj P/E (68).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 44 · Market factors (momentum, volatility) 52
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 Folago Global Nusantara Tbk, together with its subsidiaries, engages in software publishing and digital product sales businesses in Indonesia. It operates through five segments: Digital Products, IRS Software, Advertisement, Commission, and Digital Marketing Services.
Full company description
PT Folago Global Nusantara Tbk, together with its subsidiaries, engages in software publishing and digital product sales businesses in Indonesia. It operates through five segments: Digital Products, IRS Software, Advertisement, Commission, and Digital Marketing Services. The Digital Products segment provides information technology solutions to support customers' digitalization needs. Its IRS Software segment develops revenue management systems to improve operational efficiency and support financial reporting requirements. The Advertising segment offers digital marketing services through various media channels. The Commission segment includes intermediary activities and commission-based cooperation within the digital ecosystem. The Digital Marketing segment provides integrated digital marketing solutions, including campaign planning, content management, and optimization of digital marketing distribution. It serves digital product distributors, e-commerce players, corporate clients, gaming aggregators, and other digital service providers. In addition, the company provides information and communication services. The company was formerly known as PT Aviana Sinar Abadi Tbk and changed its name to PT Folago Global Nusantara Tbk in September 2025. PT Folago Global Nusantara Tbk was founded in 2013 and is headquartered in Tangerang Selatan, Indonesia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
PT Folago Global Nusantara Tbk, reported revenue of 410B IDR in FY2025 versus 7.6B IDR in FY2021, a compound +171.0%/yr. Reported net income was 28.8B IDR in FY2025, compounding +170.3%/yr from FY2021.
IRSX screens 77% overvalued. Compare with SAP SE →
Peer Group
Software - Application · 709 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 Software - Application 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.
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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Software - Application stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| SAP SE SAPS | C$12.69 | C$16.26 | +28% |
| Shopify Inc SHOP | C$173.23 | C$20.54 | -88% |
| Uber Technologies, Inc UBER | $72.67 | $51.11 | -30% |
| Salesforce, Inc CRM | $170.77 | $182.10 | +7% |
| ServiceNow, Inc NOW | $107.71 | $33.12 | -69% |
| Cadence Design Systems, Inc CDNS | $384.17 | $80.41 | -79% |
| Snowflake Inc SNOW | $271.87 | $34.04 | -87% |
| Adobe Inc ADBE | $230.61 | $379.48 | +65% |
| Automatic Data Processing, Inc ADP | $241.92 | $177.51 | -27% |
| Intuit Inc INTU | $291.09 | $258.69 | -11% |
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Frequently asked questions
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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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