Emdeki Utama Tbk PT (MDKI) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Emdeki Utama Tbk PT stock IDR 259, price IDR 175, upside +47.8%, quality 61 out of 100. Rating: undervalued. Calculated from audited financials with 23 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range 129.97 IDR – 222.17 IDR · fair‑value band 207.97 IDR – 316.91 IDR · the 175.00 IDR price screens below the 258.61 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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PT Emdeki Utama Tbk, together with its subsidiaries, produces and sells calcium carbide in Indonesia, Japan, India, the United States, and internationally. It offers air conditioners and services; plastic pallets; and mortars.
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The company is also involved in non-iron base metal manufacturing; ready-mixed concrete; warehousing and storage; and trading of basic materials, chemicals, and other related products. It exports its products. The company was founded in 1981 and is based in Gresik, Indonesia.
PT Emdeki Utama Tbk operates as a subsidiary of PT Emde Industri Investama.
Stock analysis
Emdeki Utama Tbk PT (MDKI) currently trades at 175.00 IDR, while our model-based Fair Value estimate is 258.61 IDR, implying the stock looks roughly 32% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 271.02 IDR per share, and 19 of the 23 models we run sit above the 175.00 IDR price.
Bear case: the Dividend Discount group reads lowest at 74.12 IDR, and 4 of the 23 models stay below the price. Data coverage for this calculation is low.
Scenario range: 207.97 IDR (bear) to 316.91 IDR (bull), the price of 175.00 IDR sits below 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 61/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Emdeki Utama Tbk PT reported revenue of 319B IDR in FY2025 versus 397B IDR in FY2021, a compound −5.3%/yr. Reported net income was 34.4B IDR in FY2025, compounding −2.9%/yr from FY2021.
Key figures
Market cap 443B IDR (≈ $24.6M) Micro · P/E ratio 11.3 · P/S ratio 1.22 · EPS (TTM) 15.45 IDR · Dividend yield 5.1% · Net margin 10.8% · Return on equity 3.0% · Return on assets (EBIT) 4.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 36 out of 100 (low confidence).
What moves the price
The share trades about 21% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −43% fair-value upside, at 48%, MDKI screens cheaper than that median.
Fair Value models
Bear207.97 IDRFair Value 258.61 IDRBull316.91 IDR
Price 175.00 IDR · Upside +47.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (5.53 IDR per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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 is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−7.3%
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.
−13.1%
Revenue growth 5 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.
−1.8%
Start year 2020 (pandemic). Over 10 years: +0.5% a year
Revenue growth 12 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.
+2.5%
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What shareholders gained per year (last 5 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 5 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.
+2.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−2.3%
Dividend (yield on the price)5.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−2.3% vs 19.8%, slowing
Profit margin 2020 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.13% → 11%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−9.8%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Indonesia: IMF forecast 2.6% a year to 2030, 2.9% from 2016 to 2025) that is about −12.1% a year for the price.
Price, fair value, quality and upside side by side.
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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.Specialty Chemicals · 728 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score61 · Above median
Fair Value upside+46.1% · Top 25%
Profitability
Return on equity (12 months)3.0% · Below median
Return on assets3.3% · Below median
Net margin (12 months)8.9% · Above median
Operating margin (12 months)6.3% · Below median
Growth and dividend
Revenue growth (quarter YoY)0.8% · Below median
Dividend yield (12 months)5.1% · Top 25%
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
P/E (12 months)11.3× · Cheapest 25%
P/B0.46× · Cheapest 25%
P/S (12 months)1.41× · Pricier than median
Price / free cash flow (fiscal year)12.1× · Cheaper than median
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.
Cite: Fair Value Calculator (2026). "Emdeki Utama Tbk PT Fair Value". https://www.fairvalue-calculator.com/stock/MDKI
Frequently asked questions
Is Emdeki Utama Tbk PT (MDKI) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 258.61 IDR versus a price of 175.00 IDR, about +48% upside (undervalued).
What is the fair value of MDKI?
Our model-based fair value for Emdeki Utama Tbk PT is 258.61 IDR (as of Nov 5, 2026), built from audited fundamentals. The current price: 175.00 IDR.
What is the quality score of MDKI?
Emdeki Utama Tbk PT has a Quality Score of 61/100. 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 Emdeki Utama Tbk PT (MDKI)?
Our model-based price target is the fair value of 258.61 IDR (as of Nov 5, 2026) from 23 valuation models. Cautious scenario 207.97 IDR, optimistic scenario 316.91 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Emdeki Utama Tbk PT stock forecast for 2026?
Our models put fair value at 258.61 IDR, about +48% upside versus a price of 175.00 IDR (undervalued). Cautious scenario 207.97 IDR, optimistic scenario 316.91 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Emdeki Utama Tbk PT (MDKI)?
Emdeki Utama Tbk PT reported trailing-twelve-month revenue of about 318B IDR (latest available figure, as of Nov 5, 2026).
Does Emdeki Utama Tbk PT pay a dividend?
Emdeki Utama Tbk PT currently shows a dividend yield of 5.14% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Emdeki Utama Tbk PT (MDKI) and when is the ex-dividend date?
Emdeki Utama Tbk PT pays a dividend of 9.00 IDR per share a year, a dividend yield of 5.1%. The last ex-dividend date was Jun 11, 2026. A dividend has been paid every year since at least 2018. The payout ratio is 58.2% of earnings. Free cash flow covers the dividend 1.63 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Emdeki Utama Tbk PT (MDKI)?
For today's price to be fair in a discounted-cash-flow model, Emdeki Utama Tbk PT would have to grow free cash flow by -9.8 % per year for five years (discount rate 10.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -1.8 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of MDKI use?
Our models discount Emdeki Utama Tbk PT at 10.5 %: a base by market capitalisation (nano), damped by beta 0.14, country premium for Indonesia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Emdeki Utama Tbk PT that is -9.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.5 %) and the same formula as our fair value.
How much growth has Emdeki Utama Tbk PT (MDKI) delivered so far?
Over the past 5 years revenue at Emdeki Utama Tbk PT grew -1.8 % a year. The price currently implies free-cash-flow growth of -9.8 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Emdeki Utama Tbk PT (MDKI) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Emdeki Utama Tbk PT (-9.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Emdeki Utama Tbk PT (MDKI)?
The free-cash-flow yield on the price is 8.39 %: that much free cash flow Emdeki Utama Tbk PT produces per unit of market value. When it exceeds the discount rate of our models (10.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Emdeki Utama Tbk PT (MDKI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Emdeki Utama Tbk PT it is 258.61 IDR per share (as of Nov 5, 2026), against a price of 175.00 IDR. It is the blended result of 23 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Emdeki Utama Tbk PT stock overvalued or undervalued in 2026?
As of Nov 5, 2026, MDKI trades below its calculated fair value: price 175.00 IDR, fair value 258.61 IDR, a gap of about +48% (undervalued). 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 MDKI?
No. The price is what the market pays today (175.00 IDR); the fair value is what the company's own numbers justify (258.61 IDR). For Emdeki Utama Tbk PT the two are 83.61 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Emdeki Utama Tbk PT worth?
The market values Emdeki Utama Tbk PT at about 443B IDR (market capitalisation, as of Nov 5, 2026). Per share that is 175.00 IDR; our models calculate a fair value of 258.61 IDR per share.
What do the bullish and bearish scenarios say about MDKI?
Our models span a range for Emdeki Utama Tbk PT: cautious scenario 207.97 IDR, base 258.61 IDR, optimistic 316.91 IDR per share (as of Nov 5, 2026, price 175.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MDKI?
Emdeki Utama Tbk PT trades at a price-to-earnings ratio of 11.3 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 258.61 IDR is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2018 to 2025), reported earnings: 15.1. Other multiples: P/B 0.5, P/S 1.4, EV/EBITDA 4.3.
How solid is the balance sheet of Emdeki Utama Tbk PT (MDKI)?
Balance-sheet figures for Emdeki Utama Tbk PT (as of Nov 5, 2026): return on equity 3.0%. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is MDKI from its 52-week high?
Emdeki Utama Tbk PT trades at 175.00 IDR, about 21% below its 52-week high of 222.17 IDR and 8% above the low of 161.40 IDR (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 258.61 IDR is for.
Which stocks are comparable to Emdeki Utama Tbk PT?
From the same area (Basic Materials) we also value Linde plc, Ecolab Inc, The Sherwin-Williams Company, Nan Ya Plastics Corporation, 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 Emdeki Utama Tbk PT stock attractive at the current price?
The data as of Nov 5, 2026: price 175.00 IDR, calculated fair value 258.61 IDR (+48%), Quality Score 61/100, from 23 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 MDKI calculated?
We run Emdeki Utama Tbk PT through 23 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 258.61 IDR builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Emdeki Utama Tbk PT currently trades 32% below its own fair value, and the market average says nothing about that. 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 Emdeki Utama Tbk PT (MDKI)?
The closing price on Nov 9, 2026 was 175.00 IDR. Our model-based fair value is 258.61 IDR, about +48% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Emdeki Utama Tbk PT right now?
The price is below even our cautious bear case (207.97 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 (61/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Emdeki Utama Tbk PT
How large is the market capitalisation of Emdeki Utama Tbk PT (MDKI)?
The market capitalisation of Emdeki Utama Tbk PT is 443B IDR (≈ $24.6M). 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 Emdeki Utama Tbk PT (MDKI)?
The price-to-sales ratio of Emdeki Utama Tbk PT is 1.22 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Emdeki Utama Tbk PT (MDKI)?
Earnings per share at Emdeki Utama Tbk PT are 15.45 IDR (price ÷ EPS = P/E 11.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Emdeki Utama Tbk PT (MDKI)?
The dividend yield of Emdeki Utama Tbk PT is 5.1% (payout 58.2%). 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 Emdeki Utama Tbk PT (MDKI)?
The net margin of Emdeki Utama Tbk PT is 10.8% (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 Emdeki Utama Tbk PT (MDKI)?
The return on equity (ROE) of Emdeki Utama Tbk PT is 3.0% (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 Emdeki Utama Tbk PT (MDKI)?
On an EBIT basis the return on assets of Emdeki Utama Tbk PT is 4.0% (avg 5y). 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 Emdeki Utama Tbk PT (MDKI)?
The operating margin of Emdeki Utama Tbk PT is 6.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Emdeki Utama Tbk PT (MDKI)?
Revenue at Emdeki Utama Tbk PT is growing +0.8% versus a year earlier (3y avg −13.1%). 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 Emdeki Utama Tbk PT (MDKI)?
Earnings per share at Emdeki Utama Tbk PT are growing −29.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Emdeki Utama Tbk PT (MDKI) hold?
Emdeki Utama Tbk PT holds more cash than debt, 196B IDR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Nov 5, 2026