Kabelindo Murni Tbk (KBLM) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Kabelindo Murni Tbk IDR 564, price IDR 354, upside +59.3%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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.
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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.
Stock analysis
Kabelindo Murni Tbk (KBLM) currently trades at 354.00 IDR, while our model-based Fair Value estimate is 563.81 IDR, implying the stock looks roughly 37.2% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 851.03 IDR per share, and 19 of the 26 models we run sit above the 354.00 IDR price.
Bear case: the Economic Profit group reads lowest at 182.78 IDR, and 7 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: 367.49 IDR (bear) to 563.81 IDR (bull), the price of 354.00 IDR sits below 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 56/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
Key figures
Market cap 396B IDR (≈ $22.2M) · P/E ratio 113.8 · P/S ratio 1.58 · EPS (TTM) 3.11 IDR · Dividend yield 6.8% · Net margin 1.4% · Return on equity 1.3% · Return on assets (EBIT) 2.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 9% below its 52-week high and 31% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −28% fair-value upside, at 59%, KBLM screens cheaper than that median.
Fair Value models
Bear 367.49 IDRFair Value 563.81 IDRBull 563.81 IDR
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (2.29 IDR per share) are deliberately not added.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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.79/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−10.1%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+5.7%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+15.1%
Start year 2020 (pandemic). Over 10 years: +6.3% a year
Revenue growth 25 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+17.2%
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What shareholders gained per year (last 5 years), in IDR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. 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.
+8.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+1.9%
Dividend (yield on the price)6.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.2% vs 2%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.1% → 1%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−1.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Indonesia: IMF forecast 2.6% a year to 2030, 2.9% from 2016 to 2025) that is about −3.9% a year for the price.
Price, fair value, quality and upside side by side.
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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.Electrical Equipment & Parts · 552 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside+57% · Top 25%
Profitability
Return on equity (TTM)1% · Below median
Return on assets1% · Below median
Net margin (TTM)1% · Below median
Operating margin (TTM)3% · Below median
Growth and dividend
Revenue growth45% · Top 25%
Dividend yield (TTM)6.8% · Top 25%
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
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Is Kabelindo Murni Tbk (KBLM) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 563.81 IDR versus a price of 354.00 IDR, about +59% upside (undervalued).
What is the fair value of KBLM?
Our model-based fair value for Kabelindo Murni Tbk is 563.81 IDR (as of Sep 24, 2026), built from audited fundamentals. The current price: 354.00 IDR.
What is the quality score of KBLM?
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 price target for Kabelindo Murni Tbk (KBLM)?
Our model-based price target is the fair value of 563.81 IDR (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 367.49 IDR, optimistic scenario 563.81 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Kabelindo Murni Tbk stock forecast for 2026?
Our models put fair value at 563.81 IDR, about +59% upside versus a price of 354.00 IDR (undervalued). Cautious scenario 367.49 IDR, optimistic scenario 563.81 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Kabelindo Murni Tbk (KBLM)?
Kabelindo Murni Tbk reported trailing-twelve-month revenue of about 2.0T IDR (latest available figure, as of Sep 24, 2026).
Does Kabelindo Murni Tbk pay a dividend?
Kabelindo Murni Tbk currently shows a dividend yield of about 6.84% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Kabelindo Murni Tbk (KBLM)?
For today's price to be fair in a discounted-cash-flow model, Kabelindo Murni Tbk would have to grow free cash flow by -1.4 % per year for five years (discount rate 12.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +15.1 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of KBLM use?
Our models discount Kabelindo Murni Tbk at 12.0 %: a base by market capitalisation (nano), country premium for Indonesia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Kabelindo Murni Tbk that is -1.4 % per year a year over ten years, using the same discount rate (12.0 %) and the same formula as our fair value.
How much growth has Kabelindo Murni Tbk (KBLM) delivered so far?
Over the past 5 years revenue at Kabelindo Murni Tbk grew +15.1 % a year. The price currently implies -1.4 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Kabelindo Murni Tbk (KBLM) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into Kabelindo Murni Tbk (-1.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Kabelindo Murni Tbk (KBLM)?
The free-cash-flow yield on the price is 10.72 %: that much free cash flow Kabelindo Murni Tbk produces per unit of market value. When it exceeds the discount rate of our models (12.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Kabelindo Murni Tbk (KBLM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kabelindo Murni Tbk it is 563.81 IDR per share (as of Sep 24, 2026), against a price of 354.00 IDR. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Kabelindo Murni Tbk stock overvalued or undervalued in 2026?
As of Sep 24, 2026, KBLM trades below its calculated fair value: price 354.00 IDR, fair value 563.81 IDR, a gap of about +59% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of KBLM?
No. The price is what the market pays today (354.00 IDR); the fair value is what the company's own numbers justify (563.81 IDR). For Kabelindo Murni Tbk the two are 209.81 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Kabelindo Murni Tbk worth?
The market values Kabelindo Murni Tbk at about 396B IDR (market capitalisation, as of Sep 24, 2026). Per share that is 354.00 IDR; our models calculate a fair value of 563.81 IDR per share.
What do the bullish and bearish scenarios say about KBLM?
Our models span a range for Kabelindo Murni Tbk: cautious scenario 367.49 IDR, base 563.81 IDR, optimistic 563.81 IDR per share (as of Sep 24, 2026, price 354.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KBLM?
Kabelindo Murni Tbk trades at a price-to-earnings ratio of 113.8 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 563.81 IDR is built from several models across several years. Other multiples: P/B 0.3, P/S 0.2, EV/EBITDA 8.2.
How solid is the balance sheet of Kabelindo Murni Tbk (KBLM)?
Balance-sheet figures for Kabelindo Murni Tbk (as of Sep 24, 2026): return on equity 1.3%, debt of 0.01 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is KBLM from its 52-week high?
Kabelindo Murni Tbk trades at 354.00 IDR, about 9% below its 52-week high of 390.00 IDR and 31% above the low of 271.20 IDR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 563.81 IDR is for.
Which stocks are comparable to Kabelindo Murni Tbk?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Vertiv Holdings, Prysmian S.p.A, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Kabelindo Murni Tbk stock attractive at the current price?
The data as of Sep 24, 2026: price 354.00 IDR, calculated fair value 563.81 IDR (+59%), Quality Score 56/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of KBLM calculated?
We run Kabelindo Murni Tbk through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 563.81 IDR, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0 % above its aggregate fair value. Kabelindo Murni Tbk currently trades 59 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Kabelindo Murni Tbk (KBLM)?
The closing price on Sep 24, 2026 was 354.00 IDR. Our model-based fair value is 563.81 IDR, about +59% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kabelindo Murni Tbk right now?
The price is below even our cautious bear case (367.49 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 (56/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Kabelindo Murni Tbk (KBLM) come from?
Earnings per share at Kabelindo Murni Tbk grew +10.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +7.3 %, EBIT margin −4.4 %, tax rate +1.8 %, residual (interest, one-offs) +5.7 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Kabelindo Murni Tbk
How large is the market capitalisation of Kabelindo Murni Tbk (KBLM)?
The market capitalisation of Kabelindo Murni Tbk is 396B IDR (≈ $22.2M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Kabelindo Murni Tbk (KBLM)?
The price-to-sales ratio of Kabelindo Murni Tbk is 1.58 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Kabelindo Murni Tbk (KBLM)?
Earnings per share at Kabelindo Murni Tbk are 3.11 IDR (price ÷ EPS = P/E 113.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Kabelindo Murni Tbk (KBLM)?
The dividend yield of Kabelindo Murni Tbk is 6.8%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Kabelindo Murni Tbk (KBLM)?
The net margin of Kabelindo Murni Tbk is 1.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Kabelindo Murni Tbk (KBLM)?
The return on equity (ROE) of Kabelindo Murni Tbk is 1.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Kabelindo Murni Tbk (KBLM)?
On an EBIT basis the return on assets of Kabelindo Murni Tbk is 2.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Kabelindo Murni Tbk (KBLM)?
The operating margin of Kabelindo Murni Tbk is 2.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kabelindo Murni Tbk (KBLM)?
Revenue at Kabelindo Murni Tbk is growing +45.1% versus a year earlier (3y avg +5.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Kabelindo Murni Tbk (KBLM)?
Earnings per share at Kabelindo Murni Tbk are growing −28.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Kabelindo Murni Tbk (KBLM) hold?
Kabelindo Murni Tbk holds more cash than debt, 38.5B IDR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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