Kimia Farma Persero Tbk (KAEF) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Kimia Farma Persero Tbk IDR 277, price IDR 428, upside -35.3%, quality 45 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? No
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Kimia Farma Persero Tbk
KAEF · JKWeakest SetupStrongly overvalued and low quality.
What runs behind every stock
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 346.00 IDR – 3,501 IDR · fair‑value band 66.15 IDR – 522.27 IDR · the 428.00 IDR price screens above the 276.80 IDR fair value. Dashed = 300-day average. As of Sep 24, 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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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. 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 428.00 IDR, while our model-based Fair Value estimate is 276.80 IDR, implying the stock looks roughly 54.6% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 353.77 IDR per share, and 4 of the 12 models we run sit above the 428.00 IDR price.
Bear case: the Multiples group reads lowest at 112.92 IDR, and 8 of the 12 models stay below the price. Evidence for this calculation is low.
Scenario range: 66.15 IDR (bear) to 522.27 IDR (bull), the price of 428.00 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 45/100 (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 2.4T IDR (≈ $133M) · P/S ratio 0.28 · EPS (TTM) −28.45 IDR · Net margin −3.6% · Return on equity −6.2% · Return on assets (EBIT) −1.6% · Operating margin 3.4% · Revenue (TTM) 9.1T IDR.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 40% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at 35% fair-value upside, at −35%, KAEF screens richer than that median.
Fair Value models
All 12 models by family
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Set up alert →Quality Score breakdown
Of which business quality 40 · Market factors (momentum, volatility) 26
Revenue & earnings trend
Growth Forecast
KAEF screens 55% overvalued. 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 · 83 stocks
Valuation Multiplesvs Medical Distribution median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Health Care sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
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 |
|---|---|---|---|
| McKesson Corporation MCK | $880.50 | $819.31 | −7% |
| Cencora, Inc COR | $312.28 | $211.07 | −32% |
| Cardinal Health, Inc CAH | $221.27 | $141.77 | −36% |
| Henry Schein, Inc HSIC | $87.43 | $76.86 | −12% |
| Shanghai Pharmaceuticals Holding 601607 | ¥16.06 | ¥42.67 | +166% |
| Sinopharm Group 1099 | HK$15.06 | HK$58.89 | +291% |
| Galenica AG GALE | CHF 83.45 | CHF 61.79 | −26% |
| Guangzhou Baiyunshan Pharmaceutical Holdings 600332 | ¥19.67 | ¥26.64 | +35% |
| Jointown Pharmaceutical Group 600998 | ¥4.89 | ¥9.84 | +101% |
| China National Medicines Corporation 600511 | ¥26.11 | ¥58.47 | +124% |
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