PT Kokoh Exa Nusantara Tbk (KOCI) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of PT Kokoh Exa Nusantara Tbk IDR 29, price IDR 112, upside -73.9%, quality 55 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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
36‑month range 43.51 IDR – 253.16 IDR · fair‑value band 21.04 IDR – 38.01 IDR · the 112.00 IDR price screens above the 29.19 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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PT Kokoh Exa Nusantara Tbk engages in the construction and real estate business in Indonesia. It also provides construction, consulting, architecture, and planning services. The company was founded in 2019 and is based in Bangkalan, Indonesia.
Stock analysis
PT Kokoh Exa Nusantara Tbk (KOCI) currently trades at 112.00 IDR, while our model-based Fair Value estimate is 29.19 IDR, implying the stock looks roughly 283.7% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 60.62 IDR per share, and 0 of the 13 models we run sit above the 112.00 IDR price.
Bear case: the Asset-Based group reads lowest at 20.31 IDR, and 13 of the 13 models stay below the price. Evidence for this calculation is low.
Scenario range: 21.04 IDR (bear) to 38.01 IDR (bull), the price of 112.00 IDR sits above 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 55/100 (solid quality), in the Real Estate sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
PT Kokoh Exa Nusantara Tbk reported revenue of 68.5B IDR in FY2025 versus 66.8B IDR in FY2022, a compound +0.8%/yr. Reported net income was 19.4B IDR in FY2025, compounding −3.9%/yr from FY2022.
Key figures
Market cap 495B IDR (≈ $27.6M) · P/S ratio 9.64 · Dividend yield 2.8% · Net margin 28.3% · Return on equity 7.9% · Return on assets (EBIT) 19.4% · Operating margin 14.8% · Revenue (TTM) 49.6B IDR.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The share trades about 56% below its 52-week high and 53% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 54% fair-value upside, at −74%, KOCI screens richer than that median.
Fair Value models
Bear 21.04 IDRFair Value 29.19 IDRBull 38.01 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.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.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−5.6%
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.
+0.8%
’22
’23
’24
’25
What shareholders gained per year (last 3 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 3 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.
−1.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−4.0%
Dividend (yield on the price)2.8%
Profit margin 2022 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.35% → 30%
Compare PT Kokoh Exa Nusantara Tbk with another stock
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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.Real Estate - Development · 578 stocks
Beats the industry median on 6/8 measures
Overall it ranks above its industry peers.
Valuation
Quality Score54 · Above median
Fair Value upside−74% · Bottom 25%
Profitability
Return on equity (TTM)8% · Above median
Return on assets5% · Top 25%
Net margin (TTM)22% · Top 25%
Operating margin (TTM)15% · Above median
Growth and dividend
Revenue growth−54% · Bottom 25%
Dividend yield (TTM)2.8% · Above median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 48
FUTURE (revenue growth)0· sector 0
PAST (return on equity)32· sector 11
HEALTH (low debt)100· sector 83
DIVIDEND (yield)55· sector 55
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is PT Kokoh Exa Nusantara Tbk (KOCI) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 29.19 IDR versus a price of 112.00 IDR, about −74% upside (overvalued).
What is the fair value of KOCI?
Our model-based fair value for PT Kokoh Exa Nusantara Tbk is 29.19 IDR (as of Sep 24, 2026), built from audited fundamentals. The current price: 112.00 IDR.
What is the quality score of KOCI?
PT Kokoh Exa Nusantara Tbk has a Quality Score of 55/100. 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 PT Kokoh Exa Nusantara Tbk (KOCI)?
Our model-based price target is the fair value of 29.19 IDR (as of Sep 24, 2026) from 13 valuation models. Cautious scenario 21.04 IDR, optimistic scenario 38.01 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the PT Kokoh Exa Nusantara Tbk stock forecast for 2026?
Our models put fair value at 29.19 IDR, about −74% upside versus a price of 112.00 IDR (overvalued). Cautious scenario 21.04 IDR, optimistic scenario 38.01 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of PT Kokoh Exa Nusantara Tbk (KOCI)?
PT Kokoh Exa Nusantara Tbk reported trailing-twelve-month revenue of about 49.6B IDR (latest available figure, as of Sep 24, 2026).
Does PT Kokoh Exa Nusantara Tbk pay a dividend?
PT Kokoh Exa Nusantara Tbk currently shows a dividend yield of about 2.77% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of PT Kokoh Exa Nusantara Tbk (KOCI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For PT Kokoh Exa Nusantara Tbk it is 29.19 IDR per share (as of Sep 24, 2026), against a price of 112.00 IDR. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is PT Kokoh Exa Nusantara Tbk stock overvalued or undervalued in 2026?
As of Sep 24, 2026, KOCI trades above its calculated fair value: price 112.00 IDR, fair value 29.19 IDR, a gap of about −74% (overvalued). 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 KOCI?
No. The price is what the market pays today (112.00 IDR); the fair value is what the company's own numbers justify (29.19 IDR). For PT Kokoh Exa Nusantara Tbk the two are 82.81 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is PT Kokoh Exa Nusantara Tbk worth?
The market values PT Kokoh Exa Nusantara Tbk at about 495B IDR (market capitalisation, as of Sep 24, 2026). Per share that is 112.00 IDR; our models calculate a fair value of 29.19 IDR per share.
What do the bullish and bearish scenarios say about KOCI?
Our models span a range for PT Kokoh Exa Nusantara Tbk: cautious scenario 21.04 IDR, base 29.19 IDR, optimistic 38.01 IDR per share (as of Sep 24, 2026, price 112.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of PT Kokoh Exa Nusantara Tbk (KOCI)?
Balance-sheet figures for PT Kokoh Exa Nusantara Tbk (as of Sep 24, 2026): return on equity 7.9%. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is KOCI from its 52-week high?
PT Kokoh Exa Nusantara Tbk trades at 112.00 IDR, about 56% below its 52-week high of 253.16 IDR and 53% above the low of 73.03 IDR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 29.19 IDR is for.
Which stocks are comparable to PT Kokoh Exa Nusantara Tbk?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, Vinhomes Joint Stock Company, CK Asset Holdings, 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 PT Kokoh Exa Nusantara Tbk stock attractive at the current price?
The data as of Sep 24, 2026: price 112.00 IDR, calculated fair value 29.19 IDR (−74%), Quality Score 55/100, from 13 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 KOCI calculated?
We run PT Kokoh Exa Nusantara Tbk through 13 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 29.19 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 14.0 % above its aggregate fair value. PT Kokoh Exa Nusantara Tbk itself currently trades above fair value. 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 PT Kokoh Exa Nusantara Tbk (KOCI)?
The closing price on Sep 24, 2026 was 112.00 IDR. Our model-based fair value is 29.19 IDR, about −74% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with PT Kokoh Exa Nusantara Tbk right now?
The price sits above even our optimistic bull case (38.01 IDR). The favourable scenario is already priced in. 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 but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (21.04 IDR to 38.01 IDR) leaves room in how you read the outcome.
Key figures of PT Kokoh Exa Nusantara Tbk
How large is the market capitalisation of PT Kokoh Exa Nusantara Tbk (KOCI)?
The market capitalisation of PT Kokoh Exa Nusantara Tbk is 495B IDR (≈ $27.6M). 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 PT Kokoh Exa Nusantara Tbk (KOCI)?
The price-to-sales ratio of PT Kokoh Exa Nusantara Tbk is 9.64 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of PT Kokoh Exa Nusantara Tbk (KOCI)?
The dividend yield of PT Kokoh Exa Nusantara Tbk is 2.8%. 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 PT Kokoh Exa Nusantara Tbk (KOCI)?
The net margin of PT Kokoh Exa Nusantara Tbk is 28.3% (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 PT Kokoh Exa Nusantara Tbk (KOCI)?
The return on equity (ROE) of PT Kokoh Exa Nusantara Tbk is 7.9% (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 PT Kokoh Exa Nusantara Tbk (KOCI)?
On an EBIT basis the return on assets of PT Kokoh Exa Nusantara Tbk is 19.4% (avg 4y). 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 PT Kokoh Exa Nusantara Tbk (KOCI)?
The operating margin of PT Kokoh Exa Nusantara Tbk is 14.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at PT Kokoh Exa Nusantara Tbk (KOCI)?
Revenue at PT Kokoh Exa Nusantara Tbk is growing −53.6% versus a year earlier (3y avg +0.8%). 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 PT Kokoh Exa Nusantara Tbk (KOCI)?
Earnings per share at PT Kokoh Exa Nusantara Tbk are growing −76.5% versus a year earlier. How much earnings per share grew versus a year earlier.
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