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PT Kedaung Indah Can Tbk (KICI) Fair Value & Analysis

Consumer Cyclical · ID · Market cap 51.9B IDR

PK PT Kedaung Indah Can Tbk KICI · JK
Price195.00 IDR
Fair Value100.16 IDR
Upside-48.6%
Quality53/100
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Weak Growth
Loss-making · -6.9% net margin
Low debt · generates free cash flow
Mixed vs. peers (4/10)
Narrow moat 8/100
Evidence: Medium Range 78.08 IDR – 132.64 IDR Share as image

Fair value as of: Jul 19, 2026

From 12 valuation models · updated 22 days ago

Fair value updated Jul 19, 2026, revised from 100.71 IDR to 100.16 IDR (−0.5%) since Jul 17, 2026. Share price +7.1% over the past month.

A solid business, but screening 49% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (132.64 IDR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

376.00 IDR 104.00 IDR Fair Value 100.16 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 104.00 IDR – 376.00 IDR · fair‑value band 78.08 IDR – 132.64 IDR · the 195.00 IDR price screens above the 100.16 IDR fair value. Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

PT Kedaung Indah Can Tbk (KICI) currently trades at 195.00 IDR, while our model-based Fair Value estimate is 100.16 IDR, implying the stock looks roughly 48.6% overvalued today. The Quality Score stands at 53/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, PT Kedaung Indah Can Tbk generated revenue of 89.1B IDR at a net margin of -6.6%. Revenue grew 39.7% year over year. It earns a return on equity of -5.4%. Net debt stands at 13.3B IDR. Fundamentals as of Jul 19, 2026

Our scenario range runs from 78.08 IDR (bear case) to 132.64 IDR (bull case); at 195.00 IDR, the current price sits above 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 47% below its 52-week high and 86% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 16% fair-value upside, at -49%, KICI screens richer 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 125.95 IDR 163.89 IDR 229.44 IDR 80
Rev-Margin DCF 110.34 IDR 154.50 IDR 209.17 IDR 74
Gordon GGM 75.46 IDR 95.93 IDR 117.01 IDR 70
All 12 models by family
DCF Models
FCF DCF 121.75 IDR 160.74 IDR 233.63 IDR 38
5Y Revenue Exit 110.34 IDR 152.58 IDR 213.39 IDR 39
5Y EBITDA Exit 65.43 IDR 75.93 IDR 89.83 IDR 41
10Y Revenue Exit 111.14 IDR 148.78 IDR 191.80 IDR 36
10Y EBITDA Exit 86.17 IDR 98.07 IDR 110.07 IDR 37
Dividend Discount
Gordon GGM 75.46 IDR 95.93 IDR 117.01 IDR 70
DDM Multi-Stage 75.46 IDR 102.14 IDR 134.64 IDR 61
Multiples
EV/EBITDA 34.51 IDR 41.54 IDR 48.56 IDR 54
EV/Revenue 110.70 IDR 152.39 IDR 194.08 IDR 43
Asset-Based
NCAV (Graham) 204.61 IDR 274.18 IDR 409.22 IDR 50
Growth DCF
Growth DCF 125.95 IDR 163.89 IDR 229.44 IDR 80
Rev-Margin DCF 110.34 IDR 154.50 IDR 209.17 IDR 74

Widest divergence: Asset-Based (274.18 IDR) versus Multiples (41.54 IDR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 89.1B IDR
Revenue growth (YoY) +39.7%
Net margin -6.6%
Return on equity -5.4%
Free cash flow 3.0B IDR FY2025
P/E ratio 2.5
More key figures
Operating margin 7.7%
EPS (TTM) 73.94 IDR
EPS growth (YoY) -99.3%
Net debt 13.3B IDR FY2025

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

Quality Score breakdown

Overall quality 53/100

Of which business quality 52 · Market factors (momentum, volatility) 51

Profitability 9
Margins and returns on capital today
Quality Growth 70
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 48
Balance sheet, leverage, solvency risk
Investment 89
Disciplined investing over empire-building
Low Volatility 37
Calm price path (market factor)
Momentum 51
Price trend over the last 3–12 months (market factor)
52W Momentum 67
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 Kedaung Indah Can Tbk engages in the manufacture and sale of enamel-on-steel cookware and can/tin products in Indonesia, Asia, the United States, and Africa. The company operates through two segments: Enamelware and Can. It offers stock pots, roasters, cookware sets, and storage bowls.

Full company description

PT Kedaung Indah Can Tbk engages in the manufacture and sale of enamel-on-steel cookware and can/tin products in Indonesia, Asia, the United States, and Africa. The company operates through two segments: Enamelware and Can. It offers stock pots, roasters, cookware sets, and storage bowls. The company also provides tableware products, including plates and colanders; tea kettles; and lunch and food carriers, trays, canister sets, cookie tins, kerosene stoves, mugs, and milk pans. The company also exports its products. PT Kedaung Indah Can Tbk was founded in 1974 and is headquartered in Surabaya, Indonesia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Kedaung Indah Can Tbk reported revenue of 89.1B IDR in FY2025 versus 126B IDR in FY2021, a compound −8.3%/yr. Reported net income was −5.9B IDR in FY2025.

Growth Quality 29/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
89.1B IDR
Latest YoY
+18.8%
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.
+2.6%
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.
−0.1%
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.
−1.4%
Revenue −8.3%/yr
FY21 126B IDR
FY22 82.4B IDR
FY23 72.1B IDR
FY24 75.0B IDR
FY25 89.1B IDR
Net income
FY21 21.7B IDR
FY22 431M IDR
FY23 −4.6B IDR
FY24 −7.3B IDR
FY25 −5.9B IDR

KICI screens 49% overvalued. Compare with Midea Group →

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Cite: Fair Value Calculator (2026). "PT Kedaung Indah Can Tbk Fair Value". https://www.fairvalue-calculator.com/stock/KICI

Peer Group

Furnishings, Fixtures & Appliances · 311 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 53 · Above median
Fair Value upside −49% · Below median
Return on assets -2% · Bottom 25%
Net margin (TTM) -7% · Bottom 25%
Operating margin (TTM) -10% · Bottom 25%
Revenue growth -4% · Below median
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Furnishings, Fixtures & Appliances median · lower = cheaper

P/E (TTM) 2.5× · Cheaper 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 0 · sector 22
FUTURE 0 · sector 0
PAST 0 · sector 19
HEALTH 99 · sector 97
DIVIDEND 0 · sector 55

VALUE 0: the price sits above our fair-value range.

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 Furnishings, Fixtures & Appliances stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Midea Group 000333 ¥82.71 ¥107.22 +30%
Gree Electric Appliances, Inc 000651 ¥38.25 ¥88.02 +130%
Haier Smart Home Co 600690 ¥21.46 ¥36.04 +68%
King Slide Works Co 2059 8,655 TWD 1,917 TWD -78%
Guangdong Songfa Ceramics Co 603268 ¥155.59 ¥38.95 -75%
SharkNinja, Inc SN $154.53 $89.07 -42%
Hisense Home Appliances Group 000921 ¥26.33 ¥48.03 +82%
Zhejiang Supor Co 002032 ¥43.85 ¥44.84 +2%
COWAY Co 021240 96,700 KRW 112,530 KRW +16%
Ecovacs Robotics Co 603486 ¥50.13 ¥54.11 +8%

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Frequently asked questions

Is PT Kedaung Indah Can Tbk (KICI) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 100.16 IDR versus a price of 195.00 IDR, about −49% (overvalued).
What is the fair value of KICI?
Our model-based fair value for PT Kedaung Indah Can Tbk is 100.16 IDR (as of Jul 19, 2026), built from audited fundamentals. The current price is 195.00 IDR.
What is the quality score of KICI?
PT Kedaung Indah Can Tbk has a Quality Score of 53/100. 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 Kedaung Indah Can Tbk (KICI)?
PT Kedaung Indah Can Tbk reported trailing-twelve-month revenue of about 89.1B IDR (latest available figure, as of Jul 19, 2026).
What is the net profit margin of KICI?
The net profit margin of PT Kedaung Indah Can Tbk is about -6.6%, meaning it is currently running at a net loss. 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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