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PT Pelayaran Kurnia Lautan Semesta Tbk, a holding company, (KLAS) Fair Value & Analysis

Industrials · ID · Market cap 255B IDR

PP PT Pelayaran Kurnia Lautan Semesta Tbk, a holding company, KLAS · JK
Price78.00 IDR
Fair Value161.90 IDR
Upside+107.6%
Quality48/100
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Expensive Growth
Thin margins · 9.6% net margin
Moderate debt
Mixed vs. peers (5/10)
Narrow moat 44/100
Evidence: High Range 121.43 IDR – 214.81 IDR Share as image

Fair value as of: Jul 18, 2026

From 15 valuation models · updated 23 days ago

Share price +16.4% over the past month.

Below-average quality, screening 108% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (121.43 IDR). The market is more pessimistic than our downside scenario.
  • Solid quality (48/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (3 years)

173.73 IDR 38.74 IDR Fair Value 161.90 IDR Jun 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

38‑month range 38.74 IDR – 173.73 IDR · fair‑value band 121.43 IDR – 214.81 IDR · the 78.00 IDR price screens below the 161.90 IDR fair value. Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

PT Pelayaran Kurnia Lautan Semesta Tbk, a holding company, (KLAS) currently trades at 78.00 IDR, while our model-based Fair Value estimate is 161.90 IDR, implying the stock looks roughly 107.6% undervalued today. The Quality Score stands at 48/100 (below-average 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 Pelayaran Kurnia Lautan Semesta Tbk, a holding company, generated revenue of 231B IDR at a net margin of 15.0%. Revenue grew 17.8% year over year. It earns a return on equity of 14.2%. Fundamentals as of Jul 18, 2026

Our scenario range runs from 121.43 IDR (bear case) to 214.81 IDR (bull case); at 78.00 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 58% below its 52-week high and 53% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 67% fair-value upside, at 108%, KLAS 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
Residual Income 69.85 IDR 91.03 IDR 272.09 IDR 76
ROIC Compounder 70.80 IDR 115.91 IDR 162.95 IDR 72
Gordon GGM 9.62 IDR 21.00 IDR 35.33 IDR 70
All 15 models by family
Earnings-Based
Graham-Dodd 64.76 IDR 402.28 IDR 561.63 IDR 54
Lynch FV 115.67 IDR 165.24 IDR 214.81 IDR 50
PEG = 1.0 115.67 IDR 165.24 IDR 214.81 IDR 46
EPV 70.80 IDR 89.34 IDR 105.83 IDR 59
Dividend Discount
Gordon GGM 9.62 IDR 21.00 IDR 35.33 IDR 70
DDM Multi-Stage 9.62 IDR 17.20 IDR 21.89 IDR 61
Multiples
P/E Multiple 150.00 IDR 200.00 IDR 250.00 IDR 63
P/S Multiple 95.14 IDR 126.86 IDR 158.57 IDR 58
P/B Multiple 121.43 IDR 161.90 IDR 202.38 IDR 55
EV/EBIT 135.32 IDR 191.85 IDR 248.39 IDR 53
EV/Revenue 45.63 IDR 79.88 IDR 114.13 IDR 43
Asset-Based
NCAV (Graham) 35.99 IDR 48.23 IDR 71.98 IDR 50
Economic Profit
Residual Income 69.85 IDR 91.03 IDR 272.09 IDR 76
ROIC Compounder 70.80 IDR 115.91 IDR 162.95 IDR 72
Growth Earnings
Growth-Adj P/E 165.65 IDR 236.64 IDR 307.64 IDR 68

Widest divergence: Growth Earnings (236.64 IDR) versus Dividend Discount (17.20 IDR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 218B IDR
Revenue growth (YoY) -22.8%
Net margin 9.6%
Return on equity 8.0%
Operating margin 18.2%
EPS growth (YoY) -68.6%

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 51 · Market factors (momentum, volatility) 24

Profitability 46
Margins and returns on capital today
Quality Growth 65
Are margins and returns improving?
Cashflow 41
Earnings quality: real cash, not paper profit
Fin. Strength 62
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 44
Calm price path (market factor)
Momentum 20
Price trend over the last 3–12 months (market factor)
52W Momentum 10
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 Pelayaran Kurnia Lautan Semesta Tbk, a holding company, provides sea transportation services in Indonesia. The company operates through General Freight Forwarding Services by Sea, Mining and Sand Quarrying, Distribution, Trading and Agency, and Heavy Equipment Rental segments.

Full company description

PT Pelayaran Kurnia Lautan Semesta Tbk, a holding company, provides sea transportation services in Indonesia. The company operates through General Freight Forwarding Services by Sea, Mining and Sand Quarrying, Distribution, Trading and Agency, and Heavy Equipment Rental segments. It also involved in the mining and quarrying of quartz/quartz sand/silica sand and sea port services; and glass wholesale trade. In addition, the company provides management consulting and investment services. The company was founded in 2011 and is based in Jakarta Barat, Indonesia. PT Pelayaran Kurnia Lautan Semesta Tbk operates as a subsidiary of Kurnyatjan Sakti Efendie.

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

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

PT Pelayaran Kurnia Lautan Semesta Tbk, a holding company, reported revenue of 231B IDR in FY2025 versus 194B IDR in FY2022, a compound +6.0%/yr. Reported net income was 34.7B IDR in FY2025, compounding +0.2%/yr from FY2022.

Growth Quality 43/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
231B IDR
Latest YoY
+23.1%
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.
+6.0%
Revenue +6.0%/yr
FY22 194B IDR
FY23 153B IDR
FY24 188B IDR
FY25 231B IDR
Net income +0.2%/yr
FY22 34.5B IDR
FY23 25.4B IDR
FY24 23.8B IDR
FY25 34.7B IDR

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Cite: Fair Value Calculator (2026). "PT Pelayaran Kurnia Lautan Semesta Tbk, a holding company, Fair Value". https://www.fairvalue-calculator.com/stock/KLAS

Peer Group

Marine Shipping · 231 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 48 · Below median
Fair Value upside +108% · Top 25%
Return on equity (TTM) 8% · Above median
Return on assets 5% · Above median
Net margin (TTM) 10% · Below median
Operating margin (TTM) 18% · Above median
Revenue growth -23% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.50× · Higher than median

Valuation Multiples vs Marine Shipping median · lower = cheaper

EV/EBITDA 2.5× · 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 100 · sector 29
FUTURE 0 · sector 18
PAST 32 · sector 27
HEALTH 75 · sector 88
DIVIDEND 0 · sector 47

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 Marine Shipping stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Adani Ports and Special Economic Zone Limited ADANIPORTS ₹1,828 ₹1,041 -43%
A.P. Møller - Mærsk A/S MAERSKA kr 16,520 kr 3,033 -82%
COSCO SHIPPING Holdings 601919 ¥13.98 ¥40.37 +189%
Shanghai International Port (Group) Co 600018 ¥5.17 ¥6.57 +27%
HMM Co 011200 20,050 KRW 33,855 KRW +69%
Ningbo Zhoushan Port Company 601018 ¥3.35 ¥5.58 +67%
Qingdao Port International Co 601298 ¥8.88 ¥15.97 +80%
JSW Infrastructure Limited JSWINFRA ₹330.05 ₹126.31 -62%
Wan Hai Lines Ltd 2615 80.70 TWD 212.79 TWD +164%
Wallenius Wilhelmsen ASA WAWI kr 137.70 kr 50.56 -63%

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Frequently asked questions

Is PT Pelayaran Kurnia Lautan Semesta Tbk, a holding company, (KLAS) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 161.90 IDR versus a price of 78.00 IDR, about +108% (undervalued).
What is the fair value of KLAS?
Our model-based fair value for PT Pelayaran Kurnia Lautan Semesta Tbk, a holding company, is 161.90 IDR (as of Jul 18, 2026), built from audited fundamentals. The current price is 78.00 IDR.
What is the quality score of KLAS?
PT Pelayaran Kurnia Lautan Semesta Tbk, a holding company, has a Quality Score of 48/100. 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 Pelayaran Kurnia Lautan Semesta Tbk, a holding company, (KLAS)?
PT Pelayaran Kurnia Lautan Semesta Tbk, a holding company, reported trailing-twelve-month revenue of about 231B IDR (latest available figure, as of Jul 18, 2026).
What is the net profit margin of KLAS?
The net profit margin of PT Pelayaran Kurnia Lautan Semesta Tbk, a holding company, is about 15.0%, meaning it keeps roughly 15.0% 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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