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PT Bank China Construction Bank Indonesia Tbk (MCOR) Fair Value & Analysis

Financial Services · ID · Market cap 2.7T IDR

PB PT Bank China Construction Bank Indonesia Tbk MCOR · JK
Price68.00 IDR
Fair Value103.52 IDR
Upside+52.2%
Quality52/100
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Healthy Growth
Highly profitable · 32.4% net margin
Low debt · generates free cash flow
Ranks above peers (9/14)
Moderate moat 54/100
Evidence: High Range 77.64 IDR – 129.40 IDR Share as image

Fair value as of: Jul 19, 2026

From 4 valuation models · updated 22 days ago

Share price +1.5% over the past month.

A solid business, screening 52% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (77.64 IDR). The market is more pessimistic than our downside scenario.
  • Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

196.00 IDR 60.00 IDR Fair Value 103.52 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 60.00 IDR – 196.00 IDR · fair‑value band 77.64 IDR – 129.40 IDR · the 68.00 IDR price screens below the 103.52 IDR fair value. Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

PT Bank China Construction Bank Indonesia Tbk (MCOR) currently trades at 68.00 IDR, while our model-based Fair Value estimate is 103.52 IDR, implying the stock looks roughly 52.2% undervalued today. The Quality Score stands at 52/100 (solid quality), in the Financial Services 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 Bank China Construction Bank Indonesia Tbk generated revenue of 930B IDR at a net margin of 32.4%. Revenue grew 2.0% year over year. It earns a return on equity of 4.3%. The balance sheet holds a net cash position of 149B IDR. Fundamentals as of Jul 19, 2026

Our scenario range runs from 77.64 IDR (bear case) to 129.40 IDR (bull case); at 68.00 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 24% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at 52%, MCOR 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
P/E Multiple 77.64 IDR 103.52 IDR 129.40 IDR 63
Residual Income 143.58 IDR 143.75 IDR 133.93 IDR 61
P/B Multiple 101.53 IDR 135.37 IDR 169.21 IDR 55
All 4 models by family
Multiples
P/E Multiple 77.64 IDR 103.52 IDR 129.40 IDR 63
P/B Multiple 101.53 IDR 135.37 IDR 169.21 IDR 55
Asset-Based
NCAV (Graham) 94.22 IDR 126.25 IDR 188.44 IDR 50
Economic Profit
Residual Income 143.58 IDR 143.75 IDR 133.93 IDR 61

Widest divergence: Economic Profit (143.75 IDR) versus Multiples (103.52 IDR). Highest evidence: P/E Multiple (63).

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Key figures & financial health

Revenue (TTM) 930B IDR
Revenue growth (YoY) +2.0%
Net margin 32.4%
Return on equity 4.3%
Free cash flow 410B IDR FY2025
P/E ratio 8.1
More key figures
Operating margin 41.9%
EPS (TTM) 7.95 IDR
EPS growth (YoY) -0.5%
Net cash 149B IDR FY2025

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

Quality Score breakdown

Overall quality 52/100

Of which business quality 47 · Market factors (momentum, volatility) 48

Profitability 23
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 76
Earnings quality: real cash, not paper profit
Fin. Strength 18
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 32
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 Bank China Construction Bank Indonesia Tbk provides various banking products and services in Indonesia. It operates through the Loans, Treasury, and Trade Finance segments.

Full company description

PT Bank China Construction Bank Indonesia Tbk provides various banking products and services in Indonesia. It operates through the Loans, Treasury, and Trade Finance segments. The company offers rupiah and forex deposits, such as IDR and FX time deposits; current and savings accounts; consumer, commercial, and SME loans; and safe deposit boxes, treasury and international banking, and trade finance services. It also provides ATM services and mobile banking, as well as internet banking for individuals and corporates. The company was formerly known as PT Bank Windu Kentjana International Tbk and changed its name to PT Bank China Construction Bank Indonesia Tbk in December 2016. The company was founded in 1974 and is headquartered in Jakarta Pusat, Indonesia. PT Bank China Construction Bank Indonesia Tbk is a subsidiary of China Construction Bank Corporation.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Bank China Construction Bank Indonesia Tbk reported revenue of 2.3T IDR in FY2025 versus 1.3T IDR in FY2021, a compound +14.7%/yr. Reported net income was 302B IDR in FY2025, compounding +39.6%/yr from FY2021.

Growth Quality 88/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
2.3T IDR
Latest YoY
+1.6%
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.
+17.7%
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.
+11.0%
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.
+19.4%
Revenue +14.7%/yr
FY21 1.3T IDR
FY22 1.4T IDR
FY23 1.7T IDR
FY24 2.2T IDR
FY25 2.3T IDR
Net income +39.6%/yr
FY21 79.4B IDR
FY22 136B IDR
FY23 241B IDR
FY24 295B IDR
FY25 302B IDR
Character of growth · EPS growth decomposed (2014-2025) +7.8 % p.a.
Revenue per share −4.2 pp

of which total revenue +8.3 pp · buybacks/dilution −12.4 pp

EBIT margin +8.8 pp
Tax rate +3.3 pp
Residual (interest, one-offs) −0.2 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "PT Bank China Construction Bank Indonesia Tbk Fair Value". https://www.fairvalue-calculator.com/stock/MCOR

Peer Group

Banks - Regional · 1083 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 51 · Below median
Fair Value upside +52% · Top 25%
Return on equity (TTM) 4% · Bottom 25%
Return on assets 1% · Below median
Net margin (TTM) 32% · Above median
Operating margin (TTM) 42% · Above median
Revenue growth 2% · Below median
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 8.8× · Cheaper than 75% of peers
P/B 0.37× · Cheaper than 75% of peers
P/S (TTM) 2.85× · Cheaper than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 1.4× · Cheaper than 75% of peers
PEG 2.74× · Pricier 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 39
FUTURE 10 · sector 44
PAST 17 · sector 41
HEALTH 100 · sector 85
DIVIDEND 0 · sector 49

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 Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
PT Bank Central Asia Tbk BBCA 6,175 IDR 6,087 IDR -1%
KB Financial Group 105560 184,400 KRW 213,797 KRW +16%
PT Bank Rakyat Indonesia (Persero) Tbk BBRI 2,970 IDR 4,891 IDR +65%
PT Bank Mandiri (Persero) Tbk BMRI 4,310 IDR 7,841 IDR +82%
Banco Bradesco S.A BBD 5,120 ARS 10,240 ARS +100%
Shinhan Financial Group 055550 107,900 KRW 137,259 KRW +27%
Hana Financial Group 086790 136,800 KRW 193,969 KRW +42%
Lloyds Banking Group LYG 4,138 ARS 8,275 ARS +100%
Banco de Chile, CHILE 193.10 CLP 152.55 CLP -21%
Joint Stock Commercial Bank for Foreign Trade of Vietnam, VCB 59,400 VND 84,201 VND +42%

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Frequently asked questions

Is PT Bank China Construction Bank Indonesia Tbk (MCOR) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 103.52 IDR versus a price of 68.00 IDR, about +52% (undervalued).
What is the fair value of MCOR?
Our model-based fair value for PT Bank China Construction Bank Indonesia Tbk is 103.52 IDR (as of Jul 19, 2026), built from audited fundamentals. The current price is 68.00 IDR.
What is the quality score of MCOR?
PT Bank China Construction Bank Indonesia Tbk has a Quality Score of 52/100. 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 Bank China Construction Bank Indonesia Tbk (MCOR)?
PT Bank China Construction Bank Indonesia Tbk reported trailing-twelve-month revenue of about 930B IDR (latest available figure, as of Jul 19, 2026).
What is the net profit margin of MCOR?
The net profit margin of PT Bank China Construction Bank Indonesia Tbk is about 32.4%, meaning it keeps roughly 32.4% 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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