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PT Jasuindo Tiga Perkasa Tbk, (JTPE) Fair Value & Analysis

Industrials · ID · Market cap 4.1T IDR

PJ PT Jasuindo Tiga Perkasa Tbk, JTPE · JK
Price615.00 IDR
Fair Value1,086 IDR
Upside+76.6%
Quality77/100
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Healthy Growth
Solidly profitable · 12.1% net margin
Low debt · generates free cash flow
Ranks above peers (10/14)
Moderate moat 64/100
Evidence: Medium Range 814.69 IDR – 1,654 IDR Share as image

Fair value as of: Jul 16, 2026

From 26 valuation models · updated 25 days ago

Share price +1.7% over the past month.

A strong business, screening 77% undervalued on our models.

What matters now

  • The rarer combination: high quality (77/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (814.69 IDR). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (814.69 IDR to 1,654 IDR) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

698.25 IDR 161.28 IDR Fair Value 1,086 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 161.28 IDR – 698.25 IDR · fair‑value band 814.69 IDR – 1,654 IDR · the 615.00 IDR price screens below the 1,086 IDR fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

PT Jasuindo Tiga Perkasa Tbk, (JTPE) currently trades at 615.00 IDR, while our model-based Fair Value estimate is 1,086 IDR, implying the stock looks roughly 76.6% undervalued today. The Quality Score stands at 77/100 (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: medium), always confirm before acting.

Over the trailing twelve months, PT Jasuindo Tiga Perkasa Tbk, generated revenue of 2.8T IDR at a net margin of 12.6%. Revenue grew 53.4% year over year. It earns a return on equity of 27.1%. The balance sheet holds a net cash position of 1.2T IDR. Fundamentals as of Jul 16, 2026

Our scenario range runs from 814.69 IDR (bear case) to 1,654 IDR (bull case); at 615.00 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 16% below its 52-week high and 177% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -35% fair-value upside, at 77%, JTPE 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
Growth DCF 1,855 IDR 3,803 IDR 7,118 IDR 80
Residual Income 366.57 IDR 491.48 IDR 2,991 IDR 76
Rev-Margin DCF 1,048 IDR 1,644 IDR 2,489 IDR 74
All 26 models by family
DCF Models
FCF DCF 1,906 IDR 3,390 IDR 7,379 IDR 38
Owner Earnings 832.33 IDR 1,590 IDR 3,146 IDR 31
5Y Revenue Exit 1,048 IDR 1,654 IDR 2,487 IDR 39
5Y EBITDA Exit 1,268 IDR 2,150 IDR 3,307 IDR 41
5Y P/E Exit 1,229 IDR 2,063 IDR 3,069 IDR 38
10Y Revenue Exit 1,277 IDR 1,996 IDR 3,092 IDR 36
10Y EBITDA Exit 1,452 IDR 2,388 IDR 3,922 IDR 37
10Y P/E Exit 1,425 IDR 2,319 IDR 3,699 IDR 35
Earnings-Based
Graham-Dodd 351.74 IDR 2,159 IDR 3,012 IDR 54
Lynch FV 618.80 IDR 884.00 IDR 1,149 IDR 50
PEG = 1.0 618.80 IDR 884.00 IDR 1,149 IDR 46
EPV 829.32 IDR 944.20 IDR 1,046 IDR 59
Dividend Discount
Gordon GGM 164.91 IDR 360.03 IDR 605.77 IDR 70
DDM Multi-Stage 164.91 IDR 294.93 IDR 375.21 IDR 61
Multiples
P/E Multiple 814.69 IDR 1,086 IDR 1,358 IDR 63
P/S Multiple 614.33 IDR 819.11 IDR 1,024 IDR 58
P/B Multiple 659.51 IDR 879.35 IDR 1,099 IDR 55
EV/EBIT 1,217 IDR 1,563 IDR 1,910 IDR 53
EV/EBITDA 1,049 IDR 1,339 IDR 1,629 IDR 54
EV/Revenue 694.41 IDR 915.56 IDR 1,137 IDR 43
Asset-Based
NCAV (Graham) 102.07 IDR 136.77 IDR 204.14 IDR 50
Growth DCF
Growth DCF 1,855 IDR 3,803 IDR 7,118 IDR 80
Rev-Margin DCF 1,048 IDR 1,644 IDR 2,489 IDR 74
Economic Profit
Residual Income 366.57 IDR 491.48 IDR 2,991 IDR 76
ROIC Compounder 852.10 IDR 999.52 IDR 1,153 IDR 72
Growth Earnings
Growth-Adj P/E 890.77 IDR 1,273 IDR 1,654 IDR 68

Widest divergence: DCF Models (2,063 IDR) versus Asset-Based (136.77 IDR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 2.8T IDR
Revenue growth (YoY) +53.4%
Net margin 12.6%
Return on equity 27.1%
Free cash flow 758B IDR FY2025
P/E ratio 12.4
More key figures
Operating margin 22.0%
EPS (TTM) 47.84 IDR
EPS growth (YoY) +67.7%
Net cash 1.2T IDR FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 77/100

Of which business quality 79 · Market factors (momentum, volatility) 73

Profitability 68
Margins and returns on capital today
Quality Growth 76
Are margins and returns improving?
Cashflow 97
Earnings quality: real cash, not paper profit
Fin. Strength 95
Balance sheet, leverage, solvency risk
Investment 40
Disciplined investing over empire-building
Low Volatility 65
Calm price path (market factor)
Momentum 69
Price trend over the last 3–12 months (market factor)
52W Momentum 91
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 Jasuindo Tiga Perkasa Tbk, together with its subsidiaries, operates in the security printing industry in Indonesia. The company operates in two segments, Security and Non-Security.

Full company description

PT Jasuindo Tiga Perkasa Tbk, together with its subsidiaries, operates in the security printing industry in Indonesia. The company operates in two segments, Security and Non-Security. It offers payment products, including cheque, bank cards, and other payment products; brand protection products comprising security and specialty packaging, security voucher and coupon, and tax stamps; commercial printing products, such as promoplus, gameplus, pin mailers, reel printing, insurance policy, billing statement, and delivery orders; and identity documents consisting of passports, identity cards, inlays, driver's license, and certificate/diploma. The company also provides information technology solutions; and information and telecommunication services, as well as trading activities. It also exports its products. PT Jasuindo Tiga Perkasa Tbk was founded in 1990 and is headquartered in Sidoarjo, Indonesia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Jasuindo Tiga Perkasa Tbk, reported revenue of 2.8T IDR in FY2025 versus 1.1T IDR in FY2021, a compound +26.8%/yr. Reported net income was 351B IDR in FY2025, compounding +40.0%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
2.8T IDR
Latest YoY
+31.5%
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.
+25.0%
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.
+23.2%
Avg. 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.
+20.6%
Revenue +26.8%/yr
FY21 1.1T IDR
FY22 1.4T IDR
FY23 2.3T IDR
FY24 2.1T IDR
FY25 2.8T IDR
Net income +40.0%/yr
FY21 91.5B IDR
FY22 127B IDR
FY23 208B IDR
FY24 238B IDR
FY25 351B IDR
Character of growth · EPS growth decomposed (2014-2025) +17.0 % p.a.
Revenue per share +10.5 pp

of which total revenue +10.5 pp · buybacks/dilution +0.0 pp

EBIT margin +4.1 pp
Tax rate −0.1 pp
Residual (interest, one-offs) +2.5 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 Jasuindo Tiga Perkasa Tbk, Fair Value". https://www.fairvalue-calculator.com/stock/JTPE

Peer Group

Specialty Business Services · 253 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 77 · Top 25%
Fair Value upside +77% · Top 25%
Return on equity (TTM) 25% · Top 25%
Return on assets 13% · Top 25%
Net margin (TTM) 12% · Top 25%
Operating margin (TTM) 9% · Above median
Revenue growth -24% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Specialty Business Services median · lower = cheaper

P/E (TTM) 12.6× · Cheaper than median
P/B 2.96× · Pricier than median
P/S (TTM) 1.52× · Pricier than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 5.2× · 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 100 · sector 24
FUTURE 0 · sector 27
PAST 99 · sector 33
HEALTH 100 · sector 92
DIVIDEND 0 · sector 54

Insider activity: 45/100

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 Specialty Business Services stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

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Global Payments Inc GPN $80.49 $69.67 -13%
RB Global, Inc RBA C$156.43 C$49.14 -69%
Brambles Limited BXB A$18.79 A$12.28 -35%
UL Solutions Inc ULS $87.76 $33.62 -62%
Wolters Kluwer N.V WKL €62.56 €103.99 +66%
Aramark ARMK $56.74 $13.73 -76%

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Frequently asked questions

Is PT Jasuindo Tiga Perkasa Tbk, (JTPE) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 1,086 IDR versus a price of 615.00 IDR, about +77% (undervalued).
What is the fair value of JTPE?
Our model-based fair value for PT Jasuindo Tiga Perkasa Tbk, is 1,086 IDR (as of Jul 16, 2026), built from audited fundamentals. The current price is 615.00 IDR.
What is the quality score of JTPE?
PT Jasuindo Tiga Perkasa Tbk, has a Quality Score of 77/100. 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 Jasuindo Tiga Perkasa Tbk, (JTPE)?
PT Jasuindo Tiga Perkasa Tbk, reported trailing-twelve-month revenue of about 2.8T IDR (latest available figure, as of Jul 16, 2026).
What is the net profit margin of JTPE?
The net profit margin of PT Jasuindo Tiga Perkasa Tbk, is about 12.6%, meaning it keeps roughly 12.6% 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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