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Japfa Comfeed Indonesia Tbk (JPFA) Fair Value & Analysis

Consumer Defensive · ID · Market cap 23.6T IDR (≈ $2.4B) · ISIN ID1000126907

What is Japfa Comfeed Indonesia Tbk really worth?

JC Japfa Comfeed Indonesia Tbk JPFA · JK
Price2,380 IDR
Fair Value6,974 IDR
Upside+193.0%
Quality61/100

A solid business, trading 66% below our fair value of 6,974 IDR.

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Strengths

Healthy Growth (revenue 5y +10.4 %/yr)
Low debt · generates free cash flow
Ranks above peers (13/15)
Wide moat 67/100

Risks

!Thin margins · 8.0% net margin
!Evidence only low, so the estimate is less certain

For context

·5.88% dividend yield
Evidence: Low Range 3,807 IDR – 9,039 IDR

Fair value as of: Aug 27, 2026

From 26 valuation models · updated 8 days ago

Share price +8.7% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price is below even our cautious bear case (3,807 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 (61/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (3,807 IDR to 9,039 IDR) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

2,769 IDR 897.38 IDR Fair Value 6,974 IDR Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.

How to read this chart

60‑month range 897.38 IDR – 2,769 IDR · fair‑value band 3,807 IDR – 9,039 IDR · the 2,380 IDR price screens below the 6,974 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 27, 2026.

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Analysis

Japfa Comfeed Indonesia Tbk (JPFA) currently trades at 2,380 IDR, while our model-based Fair Value estimate is 6,974 IDR, implying the stock looks roughly 65.9% undervalued today. The Quality Score stands at 61/100 (solid quality), in the Consumer Defensive sector. Bull case: the Multiples group reads highest at a median of 9,224 IDR per share, and 23 of the 26 models we run sit above the 2,380 IDR price. Bear case: the Asset-Based group reads lowest at 1,435 IDR, and 3 of the 26 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Japfa Comfeed Indonesia Tbk generated revenue of 64.1T IDR at a net margin of 8.0%. Revenue grew 23.6% year over year. It earns a return on equity of 27.8%. Net debt stands at 8.3T IDR. Fundamentals as of Aug 27, 2026

Our scenario range runs from 3,807 IDR (bear case) to 9,039 IDR (bull case); at 2,380 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 15% below its 52-week high and 78% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at −19% fair-value upside, at 193%, JPFA screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 203.64 IDR per share, which is 2.9 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
FCF DCF 3,613 IDR 6,323 IDR 11,105 IDR 77
Growth DCF 3,621 IDR 6,214 IDR 10,787 IDR 76
Owner Earnings 3,966 IDR 6,956 IDR 12,229 IDR 74
All 26 models by family
DCF Models
FCF DCF 3,613 IDR 6,323 IDR 11,105 IDR 77
Owner Earnings 3,966 IDR 6,956 IDR 12,229 IDR 74
5Y Revenue Exit 5,521 IDR 10,026 IDR 16,151 IDR 71
5Y EBITDA Exit 6,450 IDR 11,897 IDR 18,688 IDR 73
5Y P/E Exit 5,802 IDR 10,593 IDR 16,003 IDR 69
10Y Revenue Exit 4,648 IDR 8,768 IDR 15,059 IDR 64
10Y EBITDA Exit 5,493 IDR 10,152 IDR 17,182 IDR 66
10Y P/E Exit 5,058 IDR 9,187 IDR 14,935 IDR 62
Earnings-Based
Graham-Dodd 3,124 IDR 13,278 IDR 18,130 IDR 64
Lynch FV 3,386 IDR 4,837 IDR 6,288 IDR 61
PEG = 1.0 3,386 IDR 4,837 IDR 6,288 IDR 57
EPV 5,756 IDR 6,741 IDR 7,616 IDR 74
Dividend Discount
Gordon GGM 951.52 IDR 2,077 IDR 3,495 IDR 65
DDM Multi-Stage 951.52 IDR 1,702 IDR 2,165 IDR 66
Multiples
P/E Multiple 7,235 IDR 9,647 IDR 12,059 IDR 63
P/S Multiple 5,857 IDR 7,809 IDR 9,762 IDR 58
P/B Multiple 5,857 IDR 7,809 IDR 9,762 IDR 55
EV/EBIT 9,050 IDR 12,008 IDR 14,967 IDR 66
EV/EBITDA 8,439 IDR 11,194 IDR 13,949 IDR 67
EV/Revenue 6,509 IDR 9,224 IDR 11,939 IDR 54
Asset-Based
NCAV (Graham) 1,071 IDR 1,435 IDR 2,141 IDR 54
Growth DCF
Growth DCF 3,621 IDR 6,214 IDR 10,787 IDR 76
Rev-Margin DCF 5,521 IDR 9,873 IDR 15,328 IDR 71
Economic Profit
Residual Income 3,210 IDR 4,375 IDR 23,346 IDR 64
ROIC Compounder 6,426 IDR 8,456 IDR 11,003 IDR 72
Growth Earnings
Growth-Adj P/E 5,708 IDR 8,154 IDR 10,601 IDR 67

Widest divergence: Multiples (9,224 IDR) versus Asset-Based (1,435 IDR). Highest evidence: FCF DCF (77).

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Key figures & financial health

P/E ratio 4.0 as of Jun 9, 2026
P/S ratio 0.27 P/E × margin
EPS (TTM) 441.08 IDR price ÷ EPS = P/E 4.0
Dividend yield 5.9% payout 31.7%
Net margin 6.6% FY2025
Return on equity 27.8% TTM
More key figures
Profitability
Return on assets (EBIT) 11.4% avg 5y
Operating margin 14.7% TTM
Growth
Revenue (TTM) 64.1T IDR TTM
Revenue growth (YoY) +23.6% 3y avg +7.4%
EPS growth (YoY) +167%
Balance sheet & cash flow
Free cash flow 2.3T IDR FY2025
Net debt 8.3T IDR FY2025 · ≈ 3.7 yrs of FCF

Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 58 · Market factors (momentum, volatility) 65

Profitability 67
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 34
Earnings quality: real cash, not paper profit
Fin. Strength 63
Balance sheet, leverage, solvency risk
Investment 61
Disciplined investing over empire-building
Low Volatility 61
Calm price path (market factor)
Momentum 61
Price trend over the last 3–12 months (market factor)
52W Momentum 77
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

PT Japfa Comfeed Indonesia Tbk operates as an agri-food company in Indonesia and internationally. It operates in six segments: Animal Feed, Poultry Breeding, Commercial Farm, Poultry Processing and Consumer Products, Aquaculture, and Trading and Others.

Full company description

PT Japfa Comfeed Indonesia Tbk operates as an agri-food company in Indonesia and internationally. It operates in six segments: Animal Feed, Poultry Breeding, Commercial Farm, Poultry Processing and Consumer Products, Aquaculture, and Trading and Others. The company offers poultry services comprising poultry feed, breeding, and processing; commercial farming; broiler production; processed animal protein; animal health products, including vaccines and veterinary medicines; and farm supplies, such as pharmaceutical-based animal health products, premix, and livestock equipment supplies. It also provides aquaculture services consisting of aqua feed for fish and shrimp; fish and shrimp hatchery; and technical support services, such as research and development stations, and animal health and mobile diagnostic laboratories, as well as services for water quality, analysis of culture conditions and harvest data, water quality improvement and pond cleaning, improvement of cultivation systems, improvement feeding systems, feeding techniques and training on feed storage, and pond management standard operation procedures. In addition, the company offers beef cattle breeding, fattening, slaughterhouses, and value-added meat production; food products; and raw materials and value-added products, including beef, chicken, and seafood. Further, it is involved in cold storage; eel farming; real and industrial estate; plantation and farming; transportation; trading and franchise; colored bird breeding farms; deer breeding; agriculture; corn dryers; agritourism and permaculture; pharmaceutical wholesaling; agricultural machinery and equipment supplies; woven plastic bag; copra pelletizing; freight; and retail meat store activities. The company markets its products in Asia, Europe, and the United States. The company was founded in 1971 and is headquartered in Jakarta, Indonesia. PT Japfa Comfeed Indonesia Tbk is a subsidiary of Japfa Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Japfa Comfeed Indonesia Tbk reported revenue of 60.7T IDR in FY2025 versus 44.9T IDR in FY2021, a compound +7.8%/yr. Reported net income was 4.0T IDR in FY2025, compounding +18.6%/yr from FY2021.

Growth Quality 82/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
60.7T IDR
Latest YoY
+8.8%
Avg. revenue 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.
+7.4%
Avg. revenue 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.
+10.4%
Avg. revenue growth/yr (25Y) 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.
+12.4%
Value creation/yr (5Y, in IDR) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. 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.
+23.9% (18.0 + 5.9)
Revenue +7.8%/yr
FY21 44.9T IDR
FY22 49.0T IDR
FY23 51.2T IDR
FY24 55.8T IDR
FY25 60.7T IDR
Net income +18.6%/yr
FY21 2.0T IDR
FY22 1.4T IDR
FY23 930B IDR
FY24 3.0T IDR
FY25 4.0T IDR
Character of growth · EPS growth decomposed (2014-2025) +11.0 % p.a.
Revenue per share +8.2 %

of which total revenue +9.1 % · buybacks/dilution −0.9 %

EBIT margin +0.3 %
Tax rate +0.0 %
Residual (interest, one-offs) +2.4 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Japfa Comfeed Indonesia Tbk Fair Value". https://www.fairvalue-calculator.com/stock/JPFA

Peer Group

Farm Products · 300 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 61 · Above median
Fair Value upside +193% · Top 25%
Return on equity (TTM) 28% · Top 25%
Return on assets 12% · Top 25%
Net margin (TTM) 8% · Above median
Operating margin (TTM) 14% · Top 25%
Revenue growth 24% · Top 25%
Dividend yield (TTM) 5.9% · Top 25%
Debt / equity 0.11× · Lower than median

Valuation Multiples vs Farm Products median · lower = cheaper

P/E (TTM) 4.0× · Cheaper than 75% of peers
P/B 1.26× · Pricier than median
P/S (TTM) 0.37× · Cheaper than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 2.4× · Cheaper than 75% of peers
PEG 1.31× · Pricier than median

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 26
FUTURE100 · sector 21
PAST100 · sector 19
HEALTH95 · sector 94
DIVIDEND100 · sector 49

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

Similar stocks

10 more Farm Products stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).

Stock Price Fair Value vs Fair Value
Archer-Daniels-Midland Company ADM $81.54 $38.02 −53%
Muyuan Foods Group 002714 ¥40.15 ¥47.42 +18%
Bunge Global SA BG $111.57 $56.19 −50%
Tyson Foods, Inc TSN $55.40 $28.60 −48%
Wens Foodstuff Group 300498 ¥13.80 ¥11.18 −19%
Mowi ASA MOWI kr 206.00 kr 260.70 +27%
Fujian Wanchen Food Group 300972 ¥201.06 ¥143.09 −29%
United Plantations Berhad 2089 32.60 MYR 23.34 MYR −28%
Charoen Pokphand Foods Public Company CPF 23.40 THB 43.24 THB +85%
PT Charoen Pokphand Indonesia Tbk, CPIN 2,960 IDR 6,818 IDR +130%

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Frequently asked questions

Is Japfa Comfeed Indonesia Tbk (JPFA) overvalued or undervalued?
As of Aug 27, 2026, our model estimates a fair value of 6,974 IDR versus a price of 2,380 IDR, about +193% upside (undervalued).
What is the fair value of JPFA?
Our model-based fair value for Japfa Comfeed Indonesia Tbk is 6,974 IDR (as of Aug 27, 2026), built from audited fundamentals. The current price: 2,380 IDR.
What is the quality score of JPFA?
Japfa Comfeed Indonesia Tbk has a Quality Score of 61/100. 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 Japfa Comfeed Indonesia Tbk (JPFA)?
Japfa Comfeed Indonesia Tbk reported trailing-twelve-month revenue of about 64.1T IDR (latest available figure, as of Aug 27, 2026).
What is the net profit margin of JPFA?
The net profit margin of Japfa Comfeed Indonesia Tbk is about 8.0%, meaning it keeps roughly 8.0% of revenue as net income. Based on the latest reported figures.
Does Japfa Comfeed Indonesia Tbk pay a dividend?
Japfa Comfeed Indonesia Tbk currently shows a dividend yield of about 5.88% relative to its recent price (as of Aug 27, 2026).
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