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PT Pelat Timah Nusantara Tbk (NIKL) Fair Value & Analysis

Industrials · ID · Market cap 482B IDR

PP PT Pelat Timah Nusantara Tbk NIKL · JK
Price200.00 IDR
Fair Value180.36 IDR
Upside-9.8%
Quality57/100
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Weak Growth
Thin margins · 1.2% net margin
generates free cash flow
Mixed vs. peers (6/13)
Narrow moat 29/100
Evidence: High Range 180.36 IDR – 180.36 IDR Share as image

Fair value as of: Jul 17, 2026

From 21 valuation models · updated 24 days ago

Fair value updated Jul 17, 2026, revised from 359.00 IDR to 180.36 IDR (−49.8%) since Jun 24, 2026. Share price +9.9% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits above even our optimistic bull case (180.36 IDR). The favourable scenario is already priced in.
  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
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Price vs Fair Value (5 years)

1,364 IDR 170.00 IDR Fair Value 180.36 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range 170.00 IDR – 1,364 IDR · the 200.00 IDR price screens above the 180.36 IDR fair value. Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

PT Pelat Timah Nusantara Tbk (NIKL) currently trades at 200.00 IDR, while our model-based Fair Value estimate is 180.36 IDR, implying the stock looks roughly 9.8% fairly valued today. The Quality Score stands at 57/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, PT Pelat Timah Nusantara Tbk generated revenue of 138M IDR at a net margin of 1.2%. Revenue declined 4.1% year over year. It earns a return on equity of 3.1%. Net debt stands at 47.6M IDR. Fundamentals as of Jul 17, 2026

The share trades about 65% below its 52-week high and 20% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -72% fair-value upside, at -10%, NIKL 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
Residual Income 180.36 IDR 180.36 IDR 90.18 IDR 76
Growth DCF 180.36 IDR 180.36 IDR 270.54 IDR 72
Growth-Adj P/E 90.18 IDR 68
All 21 models by family
DCF Models
FCF DCF 180.36 IDR 180.36 IDR 270.54 IDR 38
Owner Earnings 90.18 IDR 180.36 IDR 180.36 IDR 31
5Y Revenue Exit 90.18 IDR 180.36 IDR 270.54 IDR 39
5Y EBITDA Exit 180.36 IDR 180.36 IDR 270.54 IDR 41
5Y P/E Exit 90.18 IDR 90.18 IDR 180.36 IDR 38
10Y Revenue Exit 90.18 IDR 180.36 IDR 180.36 IDR 36
10Y EBITDA Exit 180.36 IDR 180.36 IDR 180.36 IDR 37
10Y P/E Exit 90.18 IDR 90.18 IDR 180.36 IDR 35
Earnings-Based
EPV 90.18 IDR 90.18 IDR 180.36 IDR 59
Multiples
P/E Multiple 90.18 IDR 90.18 IDR 63
P/S Multiple 90.18 IDR 90.18 IDR 58
P/B Multiple 90.18 IDR 90.18 IDR 55
EV/EBIT 90.18 IDR 180.36 IDR 180.36 IDR 53
EV/EBITDA 180.36 IDR 180.36 IDR 270.54 IDR 54
EV/Revenue 90.18 IDR 180.36 IDR 180.36 IDR 43
Asset-Based
NCAV (Graham) 90.18 IDR 180.36 IDR 180.36 IDR 50
Growth DCF
Growth DCF 180.36 IDR 180.36 IDR 270.54 IDR 72
Rev-Margin DCF 90.18 IDR 180.36 IDR 180.36 IDR 67
Economic Profit
Residual Income 180.36 IDR 180.36 IDR 90.18 IDR 76
ROIC Compounder 90.18 IDR 90.18 IDR 180.36 IDR 67
Growth Earnings
Growth-Adj P/E 90.18 IDR 68

Widest divergence: DCF Models (180.36 IDR) versus Earnings-Based (90.18 IDR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 138M IDR
Revenue growth (YoY) -4.1%
Net margin 1.2%
Return on equity 3.1%
Free cash flow 3.3M IDR FY2025
P/E ratio 16.6
More key figures
Operating margin 1.8%
EPS (TTM) 11.52 IDR
EPS growth (YoY) -25.2%
Net debt 47.6M IDR FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 56 · Market factors (momentum, volatility) 17

Profitability 31
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 56
Earnings quality: real cash, not paper profit
Fin. Strength 49
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 43
Calm price path (market factor)
Momentum 2
Price trend over the last 3–12 months (market factor)
52W Momentum 13
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 Pelat Timah Nusantara Tbk operates as a tinplate manufacturer in Indonesia. It operates in two segments, Coil and Sheet. The company offers tinplate products in the form of coils and sheets. It also exports its products. The company was founded in 1982 and is headquartered in Jakarta, Indonesia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Pelat Timah Nusantara Tbk reported revenue of 138M IDR in FY2025 versus 211M IDR in FY2021, a compound −10.0%/yr. Reported net income was 961K IDR in FY2025, compounding −36.4%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
138M IDR
Latest YoY
−11.3%
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.
−18.5%
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.
−0.9%
Avg. growth/yr (17Y) 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.
+0.2%
Revenue −10.0%/yr
FY21 211M IDR
FY22 255M IDR
FY23 171M IDR
FY24 156M IDR
FY25 138M IDR
Net income −36.4%/yr
FY21 5.9M IDR
FY22 7.1M IDR
FY23 −3.7M IDR
FY24 −18.9K IDR
FY25 961K IDR

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Cite: Fair Value Calculator (2026). "PT Pelat Timah Nusantara Tbk Fair Value". https://www.fairvalue-calculator.com/stock/NIKL

Peer Group

Metal Fabrication · 243 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 57 · Above median
Fair Value upside −10% · Above median
Return on equity (TTM) 3% · Below median
Return on assets 2% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 2% · Below median
Revenue growth -4% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Metal Fabrication median · lower = cheaper

P/E (TTM) 16.6× · Cheaper than median
P/B 0.85× · Cheaper than median
P/S (TTM) 0.35× · Cheaper than median
P/FCF 14.7× · Pricier than 75% of peers
EV/EBITDA 6.7× · Cheaper than 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 20 · sector 0
FUTURE 0 · sector 37
PAST 12 · sector 21
HEALTH 0 · sector 95
DIVIDEND 0 · sector 25

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 Metal Fabrication stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

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Frequently asked questions

Is PT Pelat Timah Nusantara Tbk (NIKL) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 180.36 IDR versus a price of 200.00 IDR, about −10% (fairly valued).
What is the fair value of NIKL?
Our model-based fair value for PT Pelat Timah Nusantara Tbk is 180.36 IDR (as of Jul 17, 2026), built from audited fundamentals. The current price is 200.00 IDR.
What is the quality score of NIKL?
PT Pelat Timah Nusantara Tbk has a Quality Score of 57/100. 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 Pelat Timah Nusantara Tbk (NIKL)?
PT Pelat Timah Nusantara Tbk reported trailing-twelve-month revenue of about 138M IDR (latest available figure, as of Jul 17, 2026).
What is the net profit margin of NIKL?
The net profit margin of PT Pelat Timah Nusantara Tbk is about 1.2%, meaning it keeps roughly 1.2% 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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