Kimia Farma Persero Tbk (KAEF) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Kimia Farma Persero Tbk stock IDR 280, price IDR 350, that is 20.0% below the price, quality 43 out of 100. Rating: overvalued. Calculated from audited financials with 8 of our 26 valuation models and 37 quality factors, updated daily.
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Kimia Farma Persero Tbk
KAEF · JKOur calculation puts a fair price 20% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range 338.00 IDR – 3,501 IDR · fair‑value band 68.88 IDR – 526.64 IDR · the 350.00 IDR price screens above the 279.91 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Company profile
PT Kimia Farma Tbk, together with its subsidiaries, manufactures and sells a range of medicines in Indonesia and internationally. It operates through Manufacture, Distribution, Retail, and Others segments.
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The company offers drugs in the form of tablets, effervescent tablets, hard and soft capsules, liquids, syrups, oral powders, non-beta-lactam external liquids, beta-lactam tablets and dry syrups, injections, ointments, creams, suppositories, semisolid dosage forms, and health supplements; traditional medicines; generic drugs, such as paracetamol, amoxicillin, and omeprazole; ethical products; over-the-counter products and herbs; and narcotic drugs and psychotropics.
It also provides health food; cosmetics; edible, castor, and essential oils; active pharmaceutical ingredients and high-function chemicals; quinine salt and its derivatives; antiseptic solutions; stem cells; and medical devices.
In addition, the company engages in the provision of integrated health services, including pharmacies, health and beauty clinics, clinical and diagnostic laboratories, and optics; pharmacy retail management; and distribution of medicines to pharmacies, hospital pharmacies, medical centers, and drug stores, as well as cosmetics and medical devices.
It exports its products to Asia, Europe, Australia, Africa, and America. The company was founded in 1817 and is headquartered in Jakarta Pusat, Indonesia. PT Kimia Farma Tbk operates as a subsidiary of PT. Bio Farma.
Stock analysis
Kimia Farma Persero Tbk (KAEF) currently trades at 350.00 IDR, while our model-based Fair Value estimate is 279.91 IDR, 20% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 307.81 IDR per share, and 2 of the 8 models we run sit above the 350.00 IDR price.
Bear case: the Growth DCF group reads lowest at 244.43 IDR, and 6 of the 8 models stay below the price. Data coverage for this calculation is low.
Scenario range: 68.88 IDR (bear) to 526.64 IDR (bull), the price of 350.00 IDR sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 43/100 (below-average quality), in the Healthcare sector.
Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Kimia Farma Persero Tbk reported revenue of 9.2T IDR in FY2025 versus 12.9T IDR in FY2021, a compound −8.0%/yr. Reported net income was −335B IDR in FY2025.
Key figures
Market cap 1.9T IDR (≈ $108M) Micro · P/S ratio 0.21 · EPS (TTM) −41.25 IDR · Net margin −2.4% · Return on equity −8.3% · Return on assets (EBIT) −1.6% (5-year average) · Operating margin 3.2% · Revenue (TTM) 9.6T IDR.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 18 out of 100 (low confidence).
What moves the price
The share trades about 51% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at 33% fair-value upside, at −20%, KAEF screens richer than that median.
Fair Value models
All 8 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
Growth Forecast
KAEF screens overvalued: fair value 20% below the price. Compare with McKesson Corporation →
Compare Kimia Farma Persero Tbk with another stock
Price, fair value, quality and upside side by side.
Peer Groupⓘ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.Medical Distribution · 77 stocks
Valuation Multiplesvs Medical Distribution median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Health Care sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- P/S ratio by industry
- EBIT margin by industry
- PEG screener for stocks with fair value
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Medical Distribution stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Sinopharm Group 1099 | HK$17.16 | HK$51.48 | +200% | vs KAEF |
| Jointown Pharmaceutical Group 600998 | ¥5.24 | ¥11.56 | +121% | vs KAEF |
| Shanghai Pharmaceuticals Holding 601607 | ¥16.76 | ¥35.78 | +113% | vs KAEF |
| China National Medicines Corporation 600511 | ¥29.29 | ¥58.47 | +100% | vs KAEF |
| Guangzhou Baiyunshan Pharmaceutical Holdings 600332 | ¥20.09 | ¥26.64 | +33% | vs KAEF |
| Cencora, Inc COR | $333.56 | $341.58 | +2% | vs KAEF |
| Henry Schein, Inc HSIC | $86.05 | $78.69 | −9% | vs KAEF |
| McKesson Corporation MCK | $1,061 | $822.74 | −22% | vs KAEF |
| Galenica AG GALE | CHF 89.45 | CHF 61.79 | −31% | vs KAEF |
| Cardinal Health, Inc CAH | $271.72 | $163.14 | −40% | vs KAEF |
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