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PT Indosat Ooredoo Hutchison Tbk, (ISAT) Fair Value & Analysis

Communication Services · ID · Market cap 61.3T IDR

PI PT Indosat Ooredoo Hutchison Tbk, ISAT · JK
Price2,170 IDR
Fair Value2,904 IDR
Upside+33.8%
Quality51/100
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Expensive Growth
Thin margins · 9.8% net margin
Low debt · generates free cash flow
Ranks above peers (10/15)
Moderate moat 58/100
Evidence: High Range 2,178 IDR – 4,111 IDR Share as image

Fair value as of: Jul 18, 2026

From 26 valuation models · updated 22 days ago

Share price +17.3% over the past month.

A solid business, screening 34% undervalued on our models.

What matters now

  • Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (2,178 IDR to 4,111 IDR) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

3,013 IDR 604.71 IDR Fair Value 2,904 IDR Feb 2021 Aug 2026

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 604.71 IDR – 3,013 IDR · fair‑value band 2,178 IDR – 4,111 IDR · the 2,170 IDR price screens below the 2,904 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.

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Analysis

PT Indosat Ooredoo Hutchison Tbk, (ISAT) currently trades at 2,170 IDR, while our model-based Fair Value estimate is 2,904 IDR, implying the stock looks roughly 33.8% undervalued today. The Quality Score stands at 51/100 (solid quality), in the Communication Services 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 Indosat Ooredoo Hutchison Tbk, generated revenue of 58.2T IDR at a net margin of 9.8%. Revenue grew 12.1% year over year. It earns a return on equity of 15.0%. Net debt stands at 82.9T IDR. Fundamentals as of Jul 18, 2026

Our scenario range runs from 2,178 IDR (bear case) to 4,111 IDR (bull case); at 2,170 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 34% above its 52-week low, currently above its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 32% fair-value upside, at 34%, ISAT 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 BearBaseBull Evidence
Highest evidence
Growth DCF 3,493 IDR 6,219 IDR 10,995 IDR 80
Residual Income 1,177 IDR 1,505 IDR 3,860 IDR 76
Rev-Margin DCF 2,994 IDR 5,185 IDR 7,918 IDR 74
All 26 models by family
DCF Models
FCF DCF 3,477 IDR 6,307 IDR 11,252 IDR 38
Owner Earnings 3,824 IDR 6,921 IDR 12,332 IDR 31
5Y Revenue Exit 2,994 IDR 5,220 IDR 8,177 IDR 39
5Y EBITDA Exit 5,785 IDR 10,799 IDR 17,005 IDR 41
5Y P/E Exit 2,720 IDR 4,672 IDR 6,827 IDR 38
10Y Revenue Exit 3,021 IDR 5,193 IDR 8,376 IDR 36
10Y EBITDA Exit 4,995 IDR 9,302 IDR 15,716 IDR 37
10Y P/E Exit 2,942 IDR 4,789 IDR 7,255 IDR 35
Earnings-Based
Graham-Dodd 1,162 IDR 4,807 IDR 6,552 IDR 54
Lynch FV 1,213 IDR 1,732 IDR 2,252 IDR 50
PEG = 1.0 1,213 IDR 1,732 IDR 2,252 IDR 46
EPV 2,680 IDR 3,190 IDR 3,642 IDR 59
Dividend Discount
Gordon GGM 806.01 IDR 1,760 IDR 2,961 IDR 70
DDM Multi-Stage 806.01 IDR 1,441 IDR 1,834 IDR 61
Multiples
P/E Multiple 2,819 IDR 3,758 IDR 4,698 IDR 63
P/S Multiple 2,178 IDR 2,904 IDR 3,630 IDR 58
P/B Multiple 2,178 IDR 2,904 IDR 3,630 IDR 55
EV/EBIT 3,803 IDR 5,140 IDR 6,476 IDR 53
EV/EBITDA 7,517 IDR 10,091 IDR 12,665 IDR 54
EV/Revenue 2,834 IDR 4,137 IDR 5,441 IDR 43
Asset-Based
NCAV (Graham) 563.09 IDR 754.54 IDR 1,126 IDR 50
Growth DCF
Growth DCF 3,493 IDR 6,219 IDR 10,995 IDR 80
Rev-Margin DCF 2,994 IDR 5,185 IDR 7,918 IDR 74
Economic Profit
Residual Income 1,177 IDR 1,505 IDR 3,860 IDR 76
ROIC Compounder 3,044 IDR 4,160 IDR 5,605 IDR 72
Growth Earnings
Growth-Adj P/E 2,139 IDR 3,056 IDR 3,972 IDR 68

Widest divergence: DCF Models (5,220 IDR) versus Asset-Based (754.54 IDR). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 58.2T IDR
Revenue growth (YoY) +12.1%
Net margin 9.8%
Return on equity 15.0%
Free cash flow 9.1T IDR FY2025
P/E ratio 9.8
More key figures
Operating margin 19.9%
EPS (TTM) 176.47 IDR
EPS growth (YoY) +13.8%
Net debt 82.9T IDR FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 50 · Market factors (momentum, volatility) 43

Profitability 39
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 71
Earnings quality: real cash, not paper profit
Fin. Strength 31
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 61
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 42
Distance to the 52-week high (market factor)
Net Issuance 81
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 Indosat Ooredoo Hutchison Tbk, together with its subsidiaries, provides digital telecommunication services in Indonesia. It operates through Cellular; MIDI; and Fixed Telecommunications segments.

Full company description

PT Indosat Ooredoo Hutchison Tbk, together with its subsidiaries, provides digital telecommunication services in Indonesia. It operates through Cellular; MIDI; and Fixed Telecommunications segments. The company offers prepaid and post-paid services, and international and roaming, such as outbound roamers, international call and SMS, and overseas call products. It also provides data communication and IT services; information and telecommunication; and electronic payment and remittance services. The company offers services under the Ooredoo brand name. The company was founded in 1967 and is headquartered in Jakarta, Indonesia. PT Indosat Ooredoo Hutchison Tbk operates as a subsidiary of Ooredoo Hutchison Asia Pte. Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Indosat Ooredoo Hutchison Tbk, reported revenue of 56.5T IDR in FY2025 versus 31.4T IDR in FY2021, a compound +15.8%/yr. Reported net income was 5.5T IDR in FY2025, compounding −5.0%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
56.5T IDR
Latest YoY
+1.1%
Avg. growth/yr (3Y)
+6.5%
Avg. growth/yr (5Y)
+15.1%
Avg. growth/yr (29Y)
+12.5%
Revenue +15.8%/yr
FY21 31.4T IDR
FY22 46.8T IDR
FY23 51.2T IDR
FY24 55.9T IDR
FY25 56.5T IDR
Net income −5.0%/yr
FY21 6.8T IDR
FY22 4.7T IDR
FY23 4.5T IDR
FY24 4.9T IDR
FY25 5.5T IDR

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Cite: Fair Value Calculator (2026). "PT Indosat Ooredoo Hutchison Tbk, Fair Value". https://www.fairvalue-calculator.com/stock/ISAT

Peer Group

Telecom Services · 252 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 51 · Below median
Fair Value upside +34% · Above median
Return on equity (TTM) 15% · Above median
Return on assets 6% · Top 25%
Net margin (TTM) 10% · Above median
Operating margin (TTM) 20% · Above median
Revenue growth 12% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.32× · Higher than median

Valuation Multiples vs Telecom Services median · lower = cheaper

P/E (TTM) 10.8× · Cheaper than 75% of peers
P/B 1.69× · Pricier than median
P/S (TTM) 1.05× · Pricier than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 3.2× · Cheaper than 75% of peers
PEG 1.07× · Cheaper than median

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 78 · sector 30
FUTURE 61 · sector 15
PAST 60 · sector 28
HEALTH 84 · sector 89
DIVIDEND 0 · sector 72

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.

Similar stocks

10 more Telecom Services stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
China Mobile Limited 600941 ¥89.98 ¥109.88 +22%
T-Mobile US, Inc TMUS $187.61 $172.67 -8%
Bharti Airtel Limited BHARTIARTL ₹1,922 ₹941.55 -51%
China Telecom Corporation 601728 ¥6.01 ¥8.36 +39%
América Móvil, S.A. AMXB 23.07 MXN 30.35 MXN +32%
Vodafone Group VODN 259.50 MXN 507.27 MXN +95%
Advanced Info Service Public Company ADVANC 379.00 THB 286.77 THB -24%
Chunghwa Telecom Co 2412 133.50 TWD 100.00 TWD -25%
China Unicom (Hong Kong) Limited 0762 HK$6.50 HK$13.03 +100%
Telefónica, S.A TEFN 75.67 MXN 111.01 MXN +47%

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Frequently asked questions

Is PT Indosat Ooredoo Hutchison Tbk, (ISAT) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 2,904 IDR versus a price of 2,170 IDR, about +34% (undervalued).
What is the fair value of ISAT?
Our model-based fair value for PT Indosat Ooredoo Hutchison Tbk, is 2,904 IDR (as of Jul 18, 2026), built from audited fundamentals. The current price is 2,170 IDR.
What is the quality score of ISAT?
PT Indosat Ooredoo Hutchison Tbk, has a Quality Score of 51/100. 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 Indosat Ooredoo Hutchison Tbk, (ISAT)?
PT Indosat Ooredoo Hutchison Tbk, reported trailing-twelve-month revenue of about 58.2T IDR (latest available figure, as of Jul 18, 2026).
What is the net profit margin of ISAT?
The net profit margin of PT Indosat Ooredoo Hutchison Tbk, is about 9.8%, meaning it keeps roughly 9.8% 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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