Nusa Raya Cipta Tbk (NRCA) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Nusa Raya Cipta Tbk IDR 835, price IDR 550, upside +51.7%, quality 57 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Nusa Raya Cipta Tbk for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
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 Sep 24, 2026.
How to read this chart
60‑month range 176.65 IDR – 1,839 IDR · fair‑value band 563.97 IDR – 1,181 IDR · the 550.00 IDR price screens below the 834.51 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
Follow Nusa Raya Cipta Tbk in your weekly email
Every Wednesday you see whether Nusa Raya Cipta Tbk is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
PT Nusa Raya Cipta Tbk provides construction services to commercial building and infrastructure in Indonesia. The company constructs hotels; offers wholesale and retail services; car and motorcycle repair and maintenance; processing industry; transportation and warehousing; and finance and insurance services.
Show more
PT Nusa Raya Cipta Tbk provides construction services to commercial building and infrastructure in Indonesia. The company constructs hotels; offers wholesale and retail services; car and motorcycle repair and maintenance; processing industry; transportation and warehousing; and finance and insurance services. It is also involved in real estate sector; provision of accommodation, food, and beverage; rental and leasing; employment; travel agent and other supporting businesses; professional, scientific, and technical activities; arts, entertainment and recreation activities; agriculture, forestry, and fisheries business; and information and communication business. The company was founded in 1968 and is headquartered in Jakarta, Indonesia. PT Nusa Raya Cipta Tbk is a subsidiary of PT Surya Semesta Internusa Tbk.
Stock analysis
Nusa Raya Cipta Tbk (NRCA) currently trades at 550.00 IDR, while our model-based Fair Value estimate is 834.51 IDR, implying the stock looks roughly 34.1% undervalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of 1,343 IDR per share, and 17 of the 25 models we run sit above the 550.00 IDR price.
Bear case: the Dividend Discount group reads lowest at 231.89 IDR, and 8 of the 25 models stay below the price. Evidence for this calculation is low.
Scenario range: 563.97 IDR (bear) to 1,181 IDR (bull), the price of 550.00 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 57/100 (solid quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Nusa Raya Cipta Tbk reported revenue of 3.6T IDR in FY2025 versus 1.7T IDR in FY2021, a compound +21.3%/yr. Reported net income was 176B IDR in FY2025, compounding +59.4%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 1.4T IDR (≈ $76.7M) · P/E ratio 7.1 · P/S ratio 0.35 · EPS (TTM) 77.01 IDR · Dividend yield 7.3% · Net margin 4.9% · Return on equity 14.8% · Return on assets (EBIT) 6.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 70% below its 52-week high and 55% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at 52%, NRCA screens cheaper than that median.
Fair Value models
Bear 563.97 IDRFair Value 834.51 IDRBull 1,181 IDR
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 (27.17 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.Evidence ⓘEvidence = 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+7.1%
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.
+13.6%
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.
+11.6%
Start year 2020 (pandemic). Over 10 years: +0.0% a year
Revenue growth 15 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.
+8.9%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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. Basis: EBIT basis. 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.
≈ +22.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.9%
Dividend (yield on the price)7.3%
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.45% vs −1%, picking up
Profit margin 2019 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.4% → 5%
Start year 2020 (pandemic)
⚠ Rate on operating basis: 2025 sits 112% above its own trend.
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).
+61.2%
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 +57.1% a year for the price.
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Engineering & Construction · 839 stocks
Beats the industry median on 14/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside+48% · Above median
Profitability
Return on equity (TTM)15% · Top 25%
Return on assets6% · Top 25%
Net margin (TTM)5% · Above median
Operating margin (TTM)9% · Above median
Growth and dividend
Revenue growth6% · Above median
Dividend yield (TTM)7.3% · Top 25%
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
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). "Nusa Raya Cipta Tbk Fair Value". https://www.fairvalue-calculator.com/stock/NRCA
Frequently asked questions
Is Nusa Raya Cipta Tbk (NRCA) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 834.51 IDR versus a price of 550.00 IDR, about +52% upside (undervalued).
What is the fair value of NRCA?
Our model-based fair value for Nusa Raya Cipta Tbk is 834.51 IDR (as of Sep 24, 2026), built from audited fundamentals. The current price: 550.00 IDR.
What is the quality score of NRCA?
Nusa Raya Cipta 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 price target for Nusa Raya Cipta Tbk (NRCA)?
Our model-based price target is the fair value of 834.51 IDR (as of Sep 24, 2026) from 25 valuation models. Cautious scenario 563.97 IDR, optimistic scenario 1,181 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Nusa Raya Cipta Tbk stock forecast for 2026?
Our models put fair value at 834.51 IDR, about +52% upside versus a price of 550.00 IDR (undervalued). Cautious scenario 563.97 IDR, optimistic scenario 1,181 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Nusa Raya Cipta Tbk (NRCA)?
Nusa Raya Cipta Tbk reported trailing-twelve-month revenue of about 3.6T IDR (latest available figure, as of Sep 24, 2026).
Does Nusa Raya Cipta Tbk pay a dividend?
Nusa Raya Cipta Tbk currently shows a dividend yield of about 7.27% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Nusa Raya Cipta Tbk (NRCA)?
For today's price to be fair in a discounted-cash-flow model, Nusa Raya Cipta Tbk would have to grow free cash flow by +61.2 % per year for five years (discount rate 15.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of NRCA use?
Our models discount Nusa Raya Cipta Tbk at 15.0 %: a base by market capitalisation (micro), 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 Nusa Raya Cipta Tbk that is +61.2 % per year a year over ten years, using the same discount rate (15.0 %) and the same formula as our fair value.
How much growth has Nusa Raya Cipta Tbk (NRCA) delivered so far?
Over the past 5 years revenue at Nusa Raya Cipta Tbk grew +11.6 % a year. The price currently implies +61.2 % 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 Nusa Raya Cipta Tbk (NRCA) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into Nusa Raya Cipta Tbk (+61.2 % 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 Nusa Raya Cipta Tbk (NRCA)?
The free-cash-flow yield on the price is 0.63 %: that much free cash flow Nusa Raya Cipta Tbk produces per unit of market value. When it exceeds the discount rate of our models (15.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Nusa Raya Cipta Tbk (NRCA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nusa Raya Cipta Tbk it is 834.51 IDR per share (as of Sep 24, 2026), against a price of 550.00 IDR. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Nusa Raya Cipta Tbk stock overvalued or undervalued in 2026?
As of Sep 24, 2026, NRCA trades below its calculated fair value: price 550.00 IDR, fair value 834.51 IDR, a gap of about +52% (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 NRCA?
No. The price is what the market pays today (550.00 IDR); the fair value is what the company's own numbers justify (834.51 IDR). For Nusa Raya Cipta Tbk the two are 284.51 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Nusa Raya Cipta Tbk worth?
The market values Nusa Raya Cipta Tbk at about 1.4T IDR (market capitalisation, as of Sep 24, 2026). Per share that is 550.00 IDR; our models calculate a fair value of 834.51 IDR per share.
What do the bullish and bearish scenarios say about NRCA?
Our models span a range for Nusa Raya Cipta Tbk: cautious scenario 563.97 IDR, base 834.51 IDR, optimistic 1,181 IDR per share (as of Sep 24, 2026, price 550.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NRCA?
Nusa Raya Cipta Tbk trades at a price-to-earnings ratio of 7.1 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 834.51 IDR is built from several models across several years. Other multiples: P/B 1.0, P/S 0.4, EV/EBITDA 2.6.
How solid is the balance sheet of Nusa Raya Cipta Tbk (NRCA)?
Balance-sheet figures for Nusa Raya Cipta Tbk (as of Sep 24, 2026): return on equity 14.8%, debt of 0.00 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is NRCA from its 52-week high?
Nusa Raya Cipta Tbk trades at 550.00 IDR, about 70% below its 52-week high of 1,839 IDR and 55% above the low of 354.00 IDR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 834.51 IDR is for.
Which stocks are comparable to Nusa Raya Cipta Tbk?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro Limited, 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 Nusa Raya Cipta Tbk stock attractive at the current price?
The data as of Sep 24, 2026: price 550.00 IDR, calculated fair value 834.51 IDR (+52%), Quality Score 57/100, from 25 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 NRCA calculated?
We run Nusa Raya Cipta Tbk through 25 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 834.51 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 13.0 % above its aggregate fair value. Nusa Raya Cipta Tbk currently trades 52 % 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 Nusa Raya Cipta Tbk (NRCA)?
The closing price on Sep 24, 2026 was 550.00 IDR. Our model-based fair value is 834.51 IDR, about +52% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nusa Raya Cipta Tbk right now?
The price is below even our cautious bear case (563.97 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 (57/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (563.97 IDR to 1,181 IDR) leaves room in how you read the outcome.
Where does the earnings growth of Nusa Raya Cipta Tbk (NRCA) come from?
Earnings per share at Nusa Raya Cipta Tbk grew −5.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share +0.8 %, EBIT margin +0.2 %, tax rate +2.8 %, residual (interest, one-offs) −8.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Nusa Raya Cipta Tbk
How large is the market capitalisation of Nusa Raya Cipta Tbk (NRCA)?
The market capitalisation of Nusa Raya Cipta Tbk is 1.4T IDR (≈ $76.7M). 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 Nusa Raya Cipta Tbk (NRCA)?
The price-to-sales ratio of Nusa Raya Cipta Tbk is 0.35 (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 Nusa Raya Cipta Tbk (NRCA)?
Earnings per share at Nusa Raya Cipta Tbk are 77.01 IDR (price ÷ EPS = P/E 7.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Nusa Raya Cipta Tbk (NRCA)?
The dividend yield of Nusa Raya Cipta Tbk is 7.3% (payout 51.9%). 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 Nusa Raya Cipta Tbk (NRCA)?
The net margin of Nusa Raya Cipta Tbk is 4.9% (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 Nusa Raya Cipta Tbk (NRCA)?
The return on equity (ROE) of Nusa Raya Cipta Tbk is 14.8% (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 Nusa Raya Cipta Tbk (NRCA)?
On an EBIT basis the return on assets of Nusa Raya Cipta Tbk is 6.2% (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 Nusa Raya Cipta Tbk (NRCA)?
The operating margin of Nusa Raya Cipta Tbk is 8.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Nusa Raya Cipta Tbk (NRCA)?
Revenue at Nusa Raya Cipta Tbk is growing +6.4% versus a year earlier (3y avg +13.6%). 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 Nusa Raya Cipta Tbk (NRCA)?
Earnings per share at Nusa Raya Cipta Tbk are growing +48.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Nusa Raya Cipta Tbk (NRCA) hold?
Nusa Raya Cipta Tbk holds more cash than debt, 328B IDR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch Nusa Raya Cipta Tbk in the live analysis
One click puts Nusa Raya Cipta Tbk on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
