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PT Charnic Capital Tbk, an investment holding company, (NICK) Fair Value & Analysis

Real Estate · ID · Market cap 687B IDR

PC PT Charnic Capital Tbk, an investment holding company, NICK · JK
Price1,600 IDR
Fair Value1,918 IDR
Upside+19.9%
Quality82/100
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Mixed Growth
Highly profitable · 96.0% net margin
generates free cash flow
Ranks above peers (9/12)
Wide moat 90/100
Evidence: High Range 1,339 IDR – 7,426 IDR Share as image

Fair value as of: Jul 16, 2026

From 13 valuation models · updated 25 days ago

Share price +53.8% over the past month.

A strong business, screening 20% undervalued on our models.

What matters now

  • The model range is unusually wide (1,339 IDR to 7,426 IDR). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

1,600 IDR 149.00 IDR Fair Value 1,918 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 149.00 IDR – 1,600 IDR · fair‑value band 1,339 IDR – 7,426 IDR · the 1,600 IDR price screens below the 1,918 IDR fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

PT Charnic Capital Tbk, an investment holding company, (NICK) currently trades at 1,600 IDR, while our model-based Fair Value estimate is 1,918 IDR, implying the stock looks roughly 19.9% undervalued today. The Quality Score stands at 82/100 (high quality), in the Real Estate 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 Charnic Capital Tbk, an investment holding company, generated revenue of 92.2B IDR at a net margin of 96.0%. Revenue declined 65.2% year over year. It earns a return on equity of 34.9%. The balance sheet holds a net cash position of 189B IDR. Fundamentals as of Jul 16, 2026

Our scenario range runs from 1,339 IDR (bear case) to 7,426 IDR (bull case); at 1,600 IDR, the current price sits within 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 18% below its 52-week high and 103% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -13% fair-value upside, at 20%, NICK 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
Growth DCF 2,701 IDR 5,316 IDR 9,707 IDR 72
Residual Income 1,339 IDR 1,918 IDR 21,072 IDR 61
P/S Multiple 824.54 IDR 1,099 IDR 1,374 IDR 58
All 13 models by family
DCF Models
FCF DCF 2,848 IDR 4,415 IDR 9,539 IDR 38
5Y Revenue Exit 1,645 IDR 2,466 IDR 4,171 IDR 39
5Y EBITDA Exit 2,476 IDR 4,148 IDR 7,426 IDR 41
10Y Revenue Exit 1,969 IDR 3,590 IDR 4,497 IDR 36
10Y EBITDA Exit 2,629 IDR 5,422 IDR 10,266 IDR 37
Multiples
P/S Multiple 824.54 IDR 1,099 IDR 1,374 IDR 58
P/B Multiple 717.57 IDR 956.76 IDR 1,196 IDR 55
EV/EBIT 2,799 IDR 3,636 IDR 4,472 IDR 53
EV/EBITDA 2,254 IDR 2,909 IDR 3,563 IDR 54
EV/Revenue 1,118 IDR 1,474 IDR 1,829 IDR 43
Asset-Based
NCAV (Graham) 239.19 IDR 320.51 IDR 478.38 IDR 50
Growth DCF
Growth DCF 2,701 IDR 5,316 IDR 9,707 IDR 72
Economic Profit
Residual Income 1,339 IDR 1,918 IDR 21,072 IDR 61

Widest divergence: Growth DCF (5,316 IDR) versus Asset-Based (320.51 IDR). Highest evidence: Growth DCF (72).

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Key figures & financial health

Revenue (TTM) 92.2B IDR
Revenue growth (YoY) -65.2%
Net margin 96.0%
Return on equity 34.9%
Free cash flow 93.3B IDR FY2025
P/E ratio 3.2
More key figures
Operating margin 116%
EPS (TTM) 329.95 IDR
EPS growth (YoY) -10.4%
Net cash 189B IDR FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 82/100

Of which business quality 80 · Market factors (momentum, volatility) 51

Profitability 75
Margins and returns on capital today
Quality Growth 80
Are margins and returns improving?
Cashflow 79
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 52
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 49
Price trend over the last 3–12 months (market factor)
52W Momentum 56
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 Charnic Capital Tbk, an investment holding company, engages in the property investment business in Indonesia. It also provides office building management and rental services, as well as invests in shares of public and non-public companies. The company was founded in 2007 and is based in Jakarta, Indonesia.

Full company description

PT Charnic Capital Tbk, an investment holding company, engages in the property investment business in Indonesia. It also provides office building management and rental services, as well as invests in shares of public and non-public companies. The company was founded in 2007 and is based in Jakarta, Indonesia. PT Charnic Capital Tbk is a subsidiary of Pt Indovest Central.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Charnic Capital Tbk, an investment holding company, reported revenue of 110B IDR in FY2025 versus 218B IDR in FY2021, a compound −15.7%/yr. Reported net income was 108B IDR in FY2025, compounding −15.9%/yr from FY2021.

Growth Quality 88/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
110B IDR
Latest YoY
+1,611.0%
Avg. growth/yr (9Y) 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.
+40.0%
Revenue −15.7%/yr
FY21 218B IDR
FY22 −50.2B IDR
FY23 −66.3B IDR
FY24 6.4B IDR
FY25 110B IDR
Net income −15.9%/yr
FY21 216B IDR
FY22 −50.9B IDR
FY23 −68.4B IDR
FY24 8.4B IDR
FY25 108B IDR

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Cite: Fair Value Calculator (2026). "PT Charnic Capital Tbk, an investment holding company, Fair Value". https://www.fairvalue-calculator.com/stock/NICK

Peer Group

Real Estate Services · 520 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 82 · Top 25%
Fair Value upside +20% · Above median
Return on equity (TTM) 35% · Top 25%
Return on assets 19% · Top 25%
Net margin (TTM) 96% · Top 25%
Operating margin (TTM) 116% · Top 25%
Revenue growth -65% · Bottom 25%

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/E (TTM) 3.2× · Cheaper than 75% of peers
P/B 2.21× · Pricier than 75% of peers
P/S (TTM) 7.45× · Pricier than 75% of peers
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 6.1× · Cheaper 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 60 · sector 37
FUTURE 0 · sector 10
PAST 100 · sector 16
HEALTH 0 · sector 85
DIVIDEND 0 · sector 49

Insider activity: 45/100

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 Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Vingroup Joint Stock Company VIC 223,000 VND 25,731 VND -88%
KE Holdings 2423 HK$44.76 HK$18.03 -60%
Swire Properties Limited 1972 HK$23.90 HK$18.75 -22%
China Resources Mixc Lifestyle Services Limited 1209 HK$39.92 HK$34.92 -13%
Plaza S.A MALLPLAZA 3,725 CLP 5,571 CLP +50%
SAGAA SAGAA kr 170.00 kr 75.55 -56%
Cencosud Shopping S.A CENCOMALLS 2,324 CLP 2,976 CLP +28%
WHA Corporation WHAR 5.45 THB 4.14 THB -24%
PT Sarana Menara Nusantara Tbk. owns and TOWR 372.00 IDR 1,208 IDR +225%
PT Metropolitan Kentjana Tbk MKPI 20,975 IDR 19,160 IDR -9%

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Frequently asked questions

Is PT Charnic Capital Tbk, an investment holding company, (NICK) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 1,918 IDR versus a price of 1,600 IDR, about +20% (undervalued).
What is the fair value of NICK?
Our model-based fair value for PT Charnic Capital Tbk, an investment holding company, is 1,918 IDR (as of Jul 16, 2026), built from audited fundamentals. The current price is 1,600 IDR.
What is the quality score of NICK?
PT Charnic Capital Tbk, an investment holding company, has a Quality Score of 82/100. 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 Charnic Capital Tbk, an investment holding company, (NICK)?
PT Charnic Capital Tbk, an investment holding company, reported trailing-twelve-month revenue of about 92.2B IDR (latest available figure, as of Jul 16, 2026).
What is the net profit margin of NICK?
The net profit margin of PT Charnic Capital Tbk, an investment holding company, is about 96.0%, meaning it keeps roughly 96.0% 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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