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PT Kabelindo Murni Tbk (KBLM) Fair Value & Analysis

Industrials · ID · Market cap 327B IDR

PK PT Kabelindo Murni Tbk KBLM · JK
Price304.00 IDR
Fair Value410.17 IDR
Upside+34.9%
Quality56/100
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Mixed Growth
Thin margins · 0.9% net margin
Low debt · generates free cash flow
Mixed vs. peers (5/11)
Narrow moat 27/100
Evidence: High Range 316.22 IDR – 512.60 IDR Share as image

Fair value as of: Jul 19, 2026

From 26 valuation models · updated 22 days ago

Fair value updated Jul 19, 2026, revised from 466.02 IDR to 410.17 IDR (−12.0%) since Jun 24, 2026. Share price +4.8% over the past month.

A solid business, screening 35% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (316.22 IDR). The market is more pessimistic than our downside scenario.
  • Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

454.59 IDR 167.38 IDR Fair Value 410.17 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range 167.38 IDR – 454.59 IDR · fair‑value band 316.22 IDR – 512.60 IDR · the 304.00 IDR price screens below the 410.17 IDR fair value. Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

PT Kabelindo Murni Tbk (KBLM) currently trades at 304.00 IDR, while our model-based Fair Value estimate is 410.17 IDR, implying the stock looks roughly 34.9% undervalued today. The Quality Score stands at 56/100 (solid 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: high), always confirm before acting.

Over the trailing twelve months, PT Kabelindo Murni Tbk generated revenue of 2.0T IDR at a net margin of 0.9%. Revenue grew 45.1% year over year. It earns a return on equity of 1.3%. The balance sheet holds a net cash position of 38.5B IDR. Fundamentals as of Jul 19, 2026

Our scenario range runs from 316.22 IDR (bear case) to 512.60 IDR (bull case); at 304.00 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 36% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at 35%, KBLM 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 529.93 IDR 907.97 IDR 1,575 IDR 80
Residual Income 907.86 IDR 875.11 IDR 698.39 IDR 76
Rev-Margin DCF 320.73 IDR 486.37 IDR 695.80 IDR 74
All 26 models by family
DCF Models
FCF DCF 528.81 IDR 924.09 IDR 1,622 IDR 38
Owner Earnings 502.82 IDR 877.59 IDR 1,539 IDR 31
5Y Revenue Exit 320.73 IDR 484.91 IDR 697.28 IDR 39
5Y EBITDA Exit 452.61 IDR 750.45 IDR 1,115 IDR 41
5Y P/E Exit 404.98 IDR 654.57 IDR 931.34 IDR 38
10Y Revenue Exit 378.38 IDR 556.44 IDR 808.68 IDR 36
10Y EBITDA Exit 473.96 IDR 752.87 IDR 1,158 IDR 37
10Y P/E Exit 441.98 IDR 681.94 IDR 1,005 IDR 35
Earnings-Based
Graham-Dodd 150.90 IDR 642.27 IDR 877.07 IDR 54
Lynch FV 163.88 IDR 234.12 IDR 304.36 IDR 50
PEG = 1.0 163.88 IDR 234.12 IDR 304.36 IDR 46
EPV 175.03 IDR 200.99 IDR 224.06 IDR 59
Dividend Discount
Gordon GGM 192.25 IDR 419.72 IDR 706.19 IDR 70
DDM Multi-Stage 192.25 IDR 343.81 IDR 437.41 IDR 61
Multiples
P/E Multiple 349.51 IDR 466.02 IDR 582.52 IDR 63
P/S Multiple 282.94 IDR 377.25 IDR 471.57 IDR 58
P/B Multiple 282.94 IDR 377.25 IDR 471.57 IDR 55
EV/EBIT 309.79 IDR 403.74 IDR 497.69 IDR 53
EV/EBITDA 453.19 IDR 594.94 IDR 736.69 IDR 54
EV/Revenue 229.11 IDR 315.32 IDR 401.53 IDR 43
Asset-Based
NCAV (Graham) 635.10 IDR 851.03 IDR 1,270 IDR 50
Growth DCF
Growth DCF 529.93 IDR 907.97 IDR 1,575 IDR 80
Rev-Margin DCF 320.73 IDR 486.37 IDR 695.80 IDR 74
Economic Profit
Residual Income 907.86 IDR 875.11 IDR 698.39 IDR 76
ROIC Compounder 175.03 IDR 200.99 IDR 224.06 IDR 72
Growth Earnings
Growth-Adj P/E 276.01 IDR 394.31 IDR 512.60 IDR 68

Widest divergence: Asset-Based (851.03 IDR) versus Economic Profit (200.99 IDR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 2.0T IDR
Revenue growth (YoY) +45.1%
Net margin 0.9%
Return on equity 1.3%
Free cash flow 42.5B IDR FY2025
P/E ratio 93.8
More key figures
Operating margin 2.8%
EPS (TTM) 3.11 IDR
EPS growth (YoY) -28.4%
Net cash 38.5B IDR FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 57 · Market factors (momentum, volatility) 45

Profitability 30
Margins and returns on capital today
Quality Growth 23
Are margins and returns improving?
Cashflow 57
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 86
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 32
Price trend over the last 3–12 months (market factor)
52W Momentum 26
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 Kabelindo Murni Tbk manufactures electrical and telecommunication cables in Indonesia. The company offers bare conductors, building wires, medium and low voltage, and special and twisted cables. It also engages in the trading of machinery and other equipment.

Full company description

PT Kabelindo Murni Tbk manufactures electrical and telecommunication cables in Indonesia. The company offers bare conductors, building wires, medium and low voltage, and special and twisted cables. It also engages in the trading of machinery and other equipment. The company was formerly known as PT Kabel Indonesia and changed its name to PT Kabelindo Murni Tbk in 1979. PT Kabelindo Murni Tbk was founded in 1972 and is based in Jakarta Timur, Indonesia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Kabelindo Murni Tbk reported revenue of 1.8T IDR in FY2025 versus 1.2T IDR in FY2021, a compound +10.1%/yr. Reported net income was 24.9B IDR in FY2025.

Growth Quality 79/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.8T IDR
Latest YoY
−10.1%
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.
+5.7%
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.
+15.1%
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.
+17.2%
Revenue +10.1%/yr
FY21 1.2T IDR
FY22 1.5T IDR
FY23 1.6T IDR
FY24 2.0T IDR
FY25 1.8T IDR
Net income
FY21 −13.0B IDR
FY22 30.5B IDR
FY23 30.8B IDR
FY24 77.4B IDR
FY25 24.9B IDR
Character of growth · EPS growth decomposed (2014-2025) +10.4 % p.a.
Revenue per share +7.3 pp

of which total revenue +7.3 pp · buybacks/dilution +0.0 pp

EBIT margin −4.4 pp
Tax rate +1.8 pp
Residual (interest, one-offs) +5.7 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 Kabelindo Murni Tbk Fair Value". https://www.fairvalue-calculator.com/stock/KBLM

Peer Group

Electrical Equipment & Parts · 526 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 56 · Above median
Fair Value upside +35% · Top 25%
Return on equity (TTM) 1% · Below median
Return on assets 1% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth 45% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 93.8× · Pricier than 75% of peers
P/FCF 0.0× · Cheaper than 75% of peers

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 80 · sector 0
FUTURE 100 · sector 57
PAST 5 · sector 26
HEALTH 100 · sector 97
DIVIDEND 0 · sector 18

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 Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$675.50 HK$391.44 -42%
ABB Ltd ABBN CHF 83.82 CHF 35.46 -58%
Delta Electronics (Thailand) Public Company TDED 10.16 SGD 1.47 SGD -86%
LG Energy Solution, Ltd 373220 334,000 KRW 201,455 KRW -40%
WEG S.A WEGE3 13,210 ARS 7,948 ARS -40%
Sungrow Power Supply Co 300274 ¥114.79 ¥123.83 +8%
Shenzhen Inovance Technology Co 300124 ¥63.43 ¥33.04 -48%
HD Hyundai Electric Co 267260 823,000 KRW 371,133 KRW -55%
LS ELECTRIC Co 010120 190,000 KRW 31,517 KRW -83%
Sieyuan Electric Co 002028 ¥151.73 ¥71.69 -53%

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Frequently asked questions

Is PT Kabelindo Murni Tbk (KBLM) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 410.17 IDR versus a price of 304.00 IDR, about +35% (undervalued).
What is the fair value of KBLM?
Our model-based fair value for PT Kabelindo Murni Tbk is 410.17 IDR (as of Jul 19, 2026), built from audited fundamentals. The current price is 304.00 IDR.
What is the quality score of KBLM?
PT Kabelindo Murni Tbk has a Quality Score of 56/100. 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 Kabelindo Murni Tbk (KBLM)?
PT Kabelindo Murni Tbk reported trailing-twelve-month revenue of about 2.0T IDR (latest available figure, as of Jul 19, 2026).
What is the net profit margin of KBLM?
The net profit margin of PT Kabelindo Murni Tbk is about 0.9%, meaning it keeps roughly 0.9% 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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