Obm Drilchem PT (OBMD) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Obm Drilchem PT IDR 699, price IDR 178, upside +292.7%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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PT OBM Drilchem Tbk engages in processing and trading and export of special drilling chemical in Indonesia and internationally.
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PT OBM Drilchem Tbk engages in processing and trading and export of special drilling chemical in Indonesia and internationally. The company offers FRACSEAL, a finely sized organic cellulose fibers that is used for the prevention of seepage to partial losses; DRIL-EZY, an acid soluble drilling fluid additive designed for protecting producing formations in drilling operations; and STOPLOSS, a proprietary single-sack broad spectrum blend of sized and shaped materials designed to be effective in curing severe to total loss circulation. It also provides SOLU-SEAL, a special proprietary single-sack blend of sized and shaped materials designed to be very effective in curing severe to total loss of circulation in producing formations without the addition of other LCM; and QUICKSEAL, a lost circulation material that is a blend of organic cellulose fibres varying in sizes and shapes. The company was founded in 1996 and is headquartered in Jakarta, Indonesia.
Stock analysis
Obm Drilchem PT (OBMD) currently trades at 178.00 IDR, while our model-based Fair Value estimate is 698.98 IDR, implying the stock looks roughly 74.5% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 926.67 IDR per share, and 23 of the 24 models we run sit above the 178.00 IDR price.
Bear case: the Asset-Based group reads lowest at 173.35 IDR, and 1 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: 485.93 IDR (bear) to 1,032 IDR (bull), the price of 178.00 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 56/100 (solid quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Obm Drilchem PT reported revenue of 172B IDR in FY2025 versus 66.9B IDR in FY2021, a compound +26.6%/yr. Reported net income was 33.9B IDR in FY2025, compounding +65.2%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 160B IDR (≈ $9.0M) · P/S ratio 1.01 · Net margin 19.7% · Return on equity 13.9% · Return on assets (EBIT) 15.6% · Operating margin 3.1% · Revenue (TTM) 158B IDR · Revenue growth (YoY) −32.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 48% below its 52-week high and 16% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −39% fair-value upside, at 293%, OBMD screens cheaper than that median.
Fair Value models
Bear 485.93 IDRFair Value 698.98 IDRBull 1,032 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.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.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.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+1.3%
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.
+18.5%
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.
+23.4%
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.
+19.7%
’18
’19
’20
’21
’22
’23
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’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.
+30.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+30.7%
Dividend (yield on the price)0.0%
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.17% → 24%
Growth Forecast
Little optimism in the price
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).
less than -40 %
Yearly growth needed for the next five years to justify today's 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 · 693 stocks
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.
Is Obm Drilchem PT (OBMD) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 698.98 IDR versus a price of 178.00 IDR, about +293% upside (undervalued).
What is the fair value of OBMD?
Our model-based fair value for Obm Drilchem PT is 698.98 IDR (as of Sep 24, 2026), built from audited fundamentals. The current price: 178.00 IDR.
What is the quality score of OBMD?
Obm Drilchem PT has a Quality Score of 56/100. 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 Obm Drilchem PT (OBMD)?
Our model-based price target is the fair value of 698.98 IDR (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 485.93 IDR, optimistic scenario 1,032 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Obm Drilchem PT stock forecast for 2026?
Our models put fair value at 698.98 IDR, about +293% upside versus a price of 178.00 IDR (undervalued). Cautious scenario 485.93 IDR, optimistic scenario 1,032 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Obm Drilchem PT (OBMD)?
Obm Drilchem PT reported trailing-twelve-month revenue of about 158B IDR (latest available figure, as of Sep 24, 2026).
What growth is priced into Obm Drilchem PT (OBMD)?
For today's price to be fair in a discounted-cash-flow model, Obm Drilchem PT would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 12.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +23.4 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of OBMD use?
Our models discount Obm Drilchem PT at 12.0 %: a base by market capitalisation (nano), 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 Obm Drilchem PT that is less than minus 40 % per year a year over ten years, using the same discount rate (12.0 %) and the same formula as our fair value.
How much growth has Obm Drilchem PT (OBMD) delivered so far?
Over the past 5 years revenue at Obm Drilchem PT grew +23.4 % a year. The price currently implies less than minus 40 % 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 Obm Drilchem PT (OBMD) growing?
The median revenue growth in the sector is +8.1 % a year. That is the yardstick for the growth priced into Obm Drilchem PT (less than minus 40 % 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 Obm Drilchem PT (OBMD)?
The free-cash-flow yield on the price is 15.73 %: that much free cash flow Obm Drilchem PT produces per unit of market value. When it exceeds the discount rate of our models (12.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Obm Drilchem PT (OBMD)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Obm Drilchem PT it is 698.98 IDR per share (as of Sep 24, 2026), against a price of 178.00 IDR. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Obm Drilchem PT stock overvalued or undervalued in 2026?
As of Sep 24, 2026, OBMD trades below its calculated fair value: price 178.00 IDR, fair value 698.98 IDR, a gap of about +293% (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 OBMD?
No. The price is what the market pays today (178.00 IDR); the fair value is what the company's own numbers justify (698.98 IDR). For Obm Drilchem PT the two are 520.98 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Obm Drilchem PT worth?
The market values Obm Drilchem PT at about 160B IDR (market capitalisation, as of Sep 24, 2026). Per share that is 178.00 IDR; our models calculate a fair value of 698.98 IDR per share.
What do the bullish and bearish scenarios say about OBMD?
Our models span a range for Obm Drilchem PT: cautious scenario 485.93 IDR, base 698.98 IDR, optimistic 1,032 IDR per share (as of Sep 24, 2026, price 178.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Obm Drilchem PT (OBMD)?
Balance-sheet figures for Obm Drilchem PT (as of Sep 24, 2026): return on equity 13.9%, debt of 0.01 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is OBMD from its 52-week high?
Obm Drilchem PT trades at 178.00 IDR, about 48% below its 52-week high of 340.00 IDR and 16% above the low of 154.00 IDR (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 698.98 IDR is for.
Which stocks are comparable to Obm Drilchem PT?
From the same area (Basic Materials) we also value Linde plc, The Sherwin-Williams Company, Ecolab Inc, Air Products and Chemicals, 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 Obm Drilchem PT stock attractive at the current price?
The data as of Sep 24, 2026: price 178.00 IDR, calculated fair value 698.98 IDR (+293%), Quality Score 56/100, from 24 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 OBMD calculated?
We run Obm Drilchem PT through 24 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 698.98 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 14.5 % above its aggregate fair value. Obm Drilchem PT currently trades 75 % 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 Obm Drilchem PT (OBMD)?
The closing price on Oct 2, 2026 was 178.00 IDR. Our model-based fair value is 698.98 IDR, about +293% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Obm Drilchem PT right now?
The price is below even our cautious bear case (485.93 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 (56/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (485.93 IDR to 1,032 IDR) leaves room in how you read the outcome.
Key figures of Obm Drilchem PT
How large is the market capitalisation of Obm Drilchem PT (OBMD)?
The market capitalisation of Obm Drilchem PT is 160B IDR (≈ $9.0M). 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 Obm Drilchem PT (OBMD)?
The price-to-sales ratio of Obm Drilchem PT is 1.01 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Obm Drilchem PT (OBMD)?
The net margin of Obm Drilchem PT is 19.7% (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 Obm Drilchem PT (OBMD)?
The return on equity (ROE) of Obm Drilchem PT is 13.9% (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 Obm Drilchem PT (OBMD)?
On an EBIT basis the return on assets of Obm Drilchem PT is 15.6% (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 Obm Drilchem PT (OBMD)?
The operating margin of Obm Drilchem PT is 3.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Obm Drilchem PT (OBMD)?
Revenue at Obm Drilchem PT is growing −32.7% versus a year earlier (3y avg +18.5%). 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 Obm Drilchem PT (OBMD)?
Earnings per share at Obm Drilchem PT are growing −76.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Obm Drilchem PT (OBMD) hold?
Obm Drilchem PT holds more cash than debt, 119B IDR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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