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PT Kokoh Inti Arebama Tbk, (KOIN) Fair Value & Analysis

Industrials · ID · Market cap 76.5B IDR

PK PT Kokoh Inti Arebama Tbk, KOIN · JK
Price78.00 IDR
Fair Value114.62 IDR
Upside+47.0%
Quality58/100
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Expensive Growth
Loss-making · -0.2% net margin
Negative equity (buybacks among others) · negative free cash flow
Mixed vs. peers (4/7)
Narrow moat 19/100
Evidence: Low Range 97.08 IDR – 132.16 IDR Share as image

Fair value as of: Jul 18, 2026

From 2 valuation models · updated 24 days ago

Share price +5.4% over the past month.

A solid business, screening 47% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (97.08 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 (58/100) 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)

191.00 IDR 57.00 IDR Fair Value 114.62 IDR Feb 2021 Jul 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

60‑month range 57.00 IDR – 191.00 IDR · fair‑value band 97.08 IDR – 132.16 IDR · the 78.00 IDR price screens below the 114.62 IDR fair value. Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

PT Kokoh Inti Arebama Tbk, (KOIN) currently trades at 78.00 IDR, while our model-based Fair Value estimate is 114.62 IDR, implying the stock looks roughly 47.0% undervalued today. The Quality Score stands at 58/100 (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: low), always confirm before acting.

Over the trailing twelve months, PT Kokoh Inti Arebama Tbk, generated revenue of 3.3T IDR at a net margin of -0.2%. Revenue grew 9.9% year over year. The balance sheet holds a net cash position of 43.6B IDR. Fundamentals as of Jul 18, 2026

Our scenario range runs from 97.08 IDR (bear case) to 132.16 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 29% below its 52-week high and 30% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -33% fair-value upside, at 47%, KOIN 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
EV/EBITDA 105.62 IDR 123.16 IDR 140.70 IDR 54
Owner Earnings 225.99 IDR 335.33 IDR 509.31 IDR 31
All 2 models by family
DCF Models
Owner Earnings 225.99 IDR 335.33 IDR 509.31 IDR 31
Multiples
EV/EBITDA 105.62 IDR 123.16 IDR 140.70 IDR 54

Widest divergence: DCF Models (335.33 IDR) versus Multiples (123.16 IDR). Highest evidence: EV/EBITDA (54).

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Key figures & financial health

Revenue (TTM) 3.3T IDR
Revenue growth (YoY) +9.9%
Net margin -0.2%
Return on equity -1,278%
Free cash flow −32.6B IDR FY2025
Operating margin -0.5%
More key figures
EPS (TTM) -5.43 IDR
EPS growth (YoY) -43.7%
Net cash 43.6B IDR FY2025

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

Quality Score breakdown

Overall quality 58/100

Of which business quality 57 · Market factors (momentum, volatility) 42

Profitability 45
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 42
Earnings quality: real cash, not paper profit
Fin. Strength 40
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 42
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 Kokoh Inti Arebama Tbk, together with its subsidiary, PT Karya Makmur Kreasi Prima, trades building materials in Indonesia. The company offers granite tiles, sanitary ware and fittings, vinyl tiles, adhesive tiles, mosaic tiles, vinyl flooring, ceramic/granite adhesives, and bathroom and kitchen cabinets.

Full company description

PT Kokoh Inti Arebama Tbk, together with its subsidiary, PT Karya Makmur Kreasi Prima, trades building materials in Indonesia. The company offers granite tiles, sanitary ware and fittings, vinyl tiles, adhesive tiles, mosaic tiles, vinyl flooring, ceramic/granite adhesives, and bathroom and kitchen cabinets. It also offers SCG and Bezt cement, SCG lightweight bricks, readymix concrete, SCG pipe and precast, SCG mortar, and Jayamix. The company offers its products under the KIA, Prime, Cotto, Fiona, Navera, Florence, Jayamix, and SCG Instant Beton brand names. It distributes its products through distributors; stores, such as Belanja Keramik; and portal web. The company was founded in 2001 and is based in Jakarta Selatan, Indonesia. PT Kokoh Inti Arebama Tbk is a subsidiary of SCG Distribution Co., Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Kokoh Inti Arebama Tbk, reported revenue of 3.2T IDR in FY2025 versus 2.6T IDR in FY2021, a compound +5.5%/yr. Reported net income was −5.3B IDR in FY2025.

Growth Quality 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
3.2T IDR
Latest YoY
+1.9%
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.
+0.9%
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.
+17.2%
Avg. growth/yr (19Y) 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.
+12.3%
Revenue +5.5%/yr
FY21 2.6T IDR
FY22 3.1T IDR
FY23 3.2T IDR
FY24 3.1T IDR
FY25 3.2T IDR
Net income
FY21 −27.8B IDR
FY22 −73.3B IDR
FY23 −75.1B IDR
FY24 −35.5B IDR
FY25 −5.3B IDR

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Cite: Fair Value Calculator (2026). "PT Kokoh Inti Arebama Tbk, Fair Value". https://www.fairvalue-calculator.com/stock/KOIN

Peer Group

Building Products & Equipment · 247 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 58 · Above median
Fair Value upside +47% · Top 25%
Return on assets -0% · Bottom 25%
Net margin (TTM) -0% · Below median
Operating margin (TTM) -0% · Below median
Revenue growth 10% · Above median

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 96 · sector 3
FUTURE 50 · sector 9
PAST 0 · sector 23
HEALTH 100 · sector 94
DIVIDEND 0 · sector 29

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

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 Building Products & Equipment stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Trane Technologies plc TT $469.98 $212.34 -55%
Johnson Controls International plc JCI $142.81 $45.65 -68%
Carrier Global Corporation CARR $68.61 $17.35 -75%
Compagnie de Saint-Gobain S.A SGO €76.62 €101.60 +33%
Geberit AG GEBN CHF 523.20 CHF 307.66 -41%
Lennox International Inc LII $543.93 $363.09 -33%
Kingspan Group KRX €87.30 €70.76 -19%
Masco Corporation MAS $78.04 $54.36 -30%
PT Impack Pratama Industri Tbk, IMPC 1,420 IDR 179.76 IDR -87%
NIBE Industrier AB NIBEB kr 36.03 kr 25.37 -30%

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Frequently asked questions

Is PT Kokoh Inti Arebama Tbk, (KOIN) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 114.62 IDR versus a price of 78.00 IDR, about +47% (undervalued).
What is the fair value of KOIN?
Our model-based fair value for PT Kokoh Inti Arebama Tbk, is 114.62 IDR (as of Jul 18, 2026), built from audited fundamentals. The current price is 78.00 IDR.
What is the quality score of KOIN?
PT Kokoh Inti Arebama Tbk, has a Quality Score of 58/100. 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 Kokoh Inti Arebama Tbk, (KOIN)?
PT Kokoh Inti Arebama Tbk, reported trailing-twelve-month revenue of about 3.3T IDR (latest available figure, as of Jul 18, 2026).
What is the net profit margin of KOIN?
The net profit margin of PT Kokoh Inti Arebama Tbk, is about -0.2%, 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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