Wahana Inti MakmurTbk PT (NASI) fair value: what the stock is really worth
As of Oct 15, 2026: fair value of Wahana Inti MakmurTbk PT IDR 105, price IDR 145, upside -27.4%, quality 50 out of 100. Calculated from audited financials with 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, dashed = 300-day average. As of Oct 3, 2026.
How to read this chart
58‑month range 54.00 IDR – 540.00 IDR · fair‑value band 71.72 IDR – 151.10 IDR · the 145.00 IDR price screens above the 105.22 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 3, 2026.
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PT Wahana Inti Makmur Tbk produces and sells rice in Indonesia. The company offers aromatic, healthy, tarabas, medium grain, premium grade, and basmati rice, as well as private labeled rice. The company was founded in 2015 and is headquartered in Jakarta Barat, Indonesia.
Stock analysis
Wahana Inti MakmurTbk PT (NASI) currently trades at 145.00 IDR, while our model-based Fair Value estimate is 105.22 IDR, 27.4% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 55.92 IDR per share, and 0 of the 7 models we run sit above the 145.00 IDR price.
Bear case: the Multiples group reads lowest at 37.16 IDR, and 7 of the 7 models stay below the price. Data coverage for this calculation is low.
Scenario range: 71.72 IDR (bear) to 151.10 IDR (bull), the price of 145.00 IDR sits inside 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 50/100 (below-average quality), in the Consumer Defensive sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Wahana Inti MakmurTbk PT reported revenue of 59.6B IDR in FY2025 versus 45.2B IDR in FY2021, a compound +7.2%/yr. Reported net income was −3.7B IDR in FY2025.
Key figures
Market cap 150B IDR (≈ $8.4M) · P/E ratio 28.8 · P/S ratio 4.25 · EPS (TTM) 5.03 IDR · Net margin −6.3% · Return on equity −9.0% · Return on assets (EBIT) 0.6% · Operating margin −6.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 12 out of 100 (low confidence).
What moves the price
The share trades about 50% below its 52-week high and 48% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 10% fair-value upside, at −27%, NASI screens richer than that median.
Fair Value models
Bear71.72 IDRFair Value 105.22 IDRBull151.10 IDR
Price 145.00 IDR · Upside -27.4%
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (3.97 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.42/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−32.2%
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.
+0.3%
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.
+8.0%
Start year 2020 (pandemic)
Revenue growth 7 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.
+16.3%
’18
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Profit margin (trend) ⓘ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.
5.6% (2020) → −3.6% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+29.6%
Yearly growth needed for the next five years to justify today's price.
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 +26.2% a year for the price.
Compare Wahana Inti MakmurTbk PT with another stock
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.Farm Products · 290 stocks
Beats the industry median on 0/7 measures
Overall it trails its industry peers.
Valuation
Quality Score50 · Below median
Fair Value upside−27.4% · Below median
Profitability
Return on assets−5.5% · Bottom 25%
Net margin (12 months)−14.7% · Bottom 25%
Operating margin (12 months)−6.6% · Bottom 25%
Growth and dividend
Revenue growth−57.0% · Bottom 25%
Valuation Multiplesvs Farm Products median · lower = cheaper
P/E (12 months)28.8× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 27
FUTURE (revenue growth)0· sector 19
PAST (return on equity)0· sector 18
HEALTH (low debt)100· sector 94
DIVIDEND (yield)0· sector 46
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.
Cite: Fair Value Calculator (2026). "Wahana Inti MakmurTbk PT Fair Value". https://www.fairvalue-calculator.com/stock/NASI
Frequently asked questions
Is Wahana Inti MakmurTbk PT (NASI) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of 105.22 IDR versus a price of 145.00 IDR, about −27% upside (overvalued).
What is the fair value of NASI?
Our model-based fair value for Wahana Inti MakmurTbk PT is 105.22 IDR (as of Oct 3, 2026), built from audited fundamentals. The current price: 145.00 IDR.
What is the quality score of NASI?
Wahana Inti MakmurTbk PT has a Quality Score of 50/100. 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 Wahana Inti MakmurTbk PT (NASI)?
Our model-based price target is the fair value of 105.22 IDR (as of Oct 3, 2026) from 7 valuation models. Cautious scenario 71.72 IDR, optimistic scenario 151.10 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Wahana Inti MakmurTbk PT stock forecast for 2026?
Our models put fair value at 105.22 IDR, about −27% upside versus a price of 145.00 IDR (overvalued). Cautious scenario 71.72 IDR, optimistic scenario 151.10 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Wahana Inti MakmurTbk PT (NASI)?
Wahana Inti MakmurTbk PT reported trailing-twelve-month revenue of about 35.4B IDR (latest available figure, as of Oct 3, 2026).
What growth is priced into Wahana Inti MakmurTbk PT (NASI)?
For today's price to be fair in a discounted-cash-flow model, Wahana Inti MakmurTbk PT would have to grow free cash flow by +29.6 % 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 +8.0 % per year. As of Oct 3, 2026.
What discount rate (WACC) does the fair value of NASI use?
Our models discount Wahana Inti MakmurTbk PT at 10.5 %: a base by market capitalisation (nano), damped by beta 0.23, 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 Wahana Inti MakmurTbk PT that is +29.6 % per year a year over ten years, using the same discount rate (10.5 %) and the same formula as our fair value.
How much growth has Wahana Inti MakmurTbk PT (NASI) delivered so far?
Over the past 5 years revenue at Wahana Inti MakmurTbk PT grew +8.0 % a year. The price currently implies +29.6 % per year free-cash-flow growth a 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 Wahana Inti MakmurTbk PT (NASI) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Wahana Inti MakmurTbk PT (+29.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Wahana Inti MakmurTbk PT (NASI)?
The free-cash-flow yield on the price is 1.96 %: that much free cash flow Wahana Inti MakmurTbk 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 Wahana Inti MakmurTbk PT (NASI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Wahana Inti MakmurTbk PT it is 105.22 IDR per share (as of Oct 3, 2026), against a price of 145.00 IDR. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is Wahana Inti MakmurTbk PT stock overvalued or undervalued in 2026?
As of Oct 3, 2026, NASI trades above its calculated fair value: price 145.00 IDR, fair value 105.22 IDR, a gap of about −27% (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 NASI?
No. The price is what the market pays today (145.00 IDR); the fair value is what the company's own numbers justify (105.22 IDR). For Wahana Inti MakmurTbk PT the two are 39.78 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Wahana Inti MakmurTbk PT worth?
The market values Wahana Inti MakmurTbk PT at about 150B IDR (market capitalisation, as of Oct 3, 2026). Per share that is 145.00 IDR; our models calculate a fair value of 105.22 IDR per share.
What do the bullish and bearish scenarios say about NASI?
Our models span a range for Wahana Inti MakmurTbk PT: cautious scenario 71.72 IDR, base 105.22 IDR, optimistic 151.10 IDR per share (as of Oct 3, 2026, price 145.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NASI?
Wahana Inti MakmurTbk PT trades at a price-to-earnings ratio of 28.8 (as of Oct 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 105.22 IDR is built from several models across several years.
How solid is the balance sheet of Wahana Inti MakmurTbk PT (NASI)?
Balance-sheet figures for Wahana Inti MakmurTbk PT (as of Oct 3, 2026): return on equity −9.0%. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is NASI from its 52-week high?
Wahana Inti MakmurTbk PT trades at 145.00 IDR, about 50% below its 52-week high of 292.00 IDR and 48% above the low of 98.00 IDR (as of Oct 15, 2026). Distance from the high says nothing about value: that is what the fair value of 105.22 IDR is for.
Which stocks are comparable to Wahana Inti MakmurTbk PT?
From the same area (Consumer Defensive) we also value Archer-Daniels-Midland Company, Muyuan Foods Group, Bunge Global SA, Tyson Foods, Inc, 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 Wahana Inti MakmurTbk PT stock attractive at the current price?
The data as of Oct 3, 2026: price 145.00 IDR, calculated fair value 105.22 IDR (−27%), Quality Score 50/100, from 7 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 NASI calculated?
We run Wahana Inti MakmurTbk PT through 7 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 105.22 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 14.7 % above its aggregate fair value. Wahana Inti MakmurTbk PT 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 Wahana Inti MakmurTbk PT (NASI)?
The closing price on Oct 15, 2026 was 145.00 IDR. Our model-based fair value is 105.22 IDR, about −27% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Wahana Inti MakmurTbk PT right now?
Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (71.72 IDR to 151.10 IDR) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Wahana Inti MakmurTbk PT
How large is the market capitalisation of Wahana Inti MakmurTbk PT (NASI)?
The market capitalisation of Wahana Inti MakmurTbk PT is 150B IDR (≈ $8.4M). 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 Wahana Inti MakmurTbk PT (NASI)?
The price-to-sales ratio of Wahana Inti MakmurTbk PT is 4.25 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Wahana Inti MakmurTbk PT (NASI)?
Earnings per share at Wahana Inti MakmurTbk PT are 5.03 IDR (price ÷ EPS = P/E 28.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Wahana Inti MakmurTbk PT (NASI)?
The net margin of Wahana Inti MakmurTbk PT is −6.3% (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 Wahana Inti MakmurTbk PT (NASI)?
The return on equity (ROE) of Wahana Inti MakmurTbk PT is −9.0% (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 Wahana Inti MakmurTbk PT (NASI)?
On an EBIT basis the return on assets of Wahana Inti MakmurTbk PT is 0.6% (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 Wahana Inti MakmurTbk PT (NASI)?
The operating margin of Wahana Inti MakmurTbk PT is −6.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Wahana Inti MakmurTbk PT (NASI)?
Revenue at Wahana Inti MakmurTbk PT is growing −57.0% versus a year earlier (3y avg +0.3%). 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 Wahana Inti MakmurTbk PT (NASI)?
Earnings per share at Wahana Inti MakmurTbk PT are growing −86.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Wahana Inti MakmurTbk PT (NASI) carry?
The net debt of Wahana Inti MakmurTbk PT is 5.7B IDR (fiscal year 2025, ≈ 2.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Oct 3, 2026