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PT Jayamas Medica Industri Tbk (OMED) Fair Value & Analysis

Healthcare · ID · Market cap 5.5T IDR

PJ PT Jayamas Medica Industri Tbk OMED · JK
Price226.00 IDR
Fair Value276.39 IDR
Upside+22.3%
Quality69/100
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Weak Growth
Solidly profitable · 17.8% net margin
Low debt · generates free cash flow
Ranks above peers (11/14)
Wide moat 65/100
Evidence: High Range 187.72 IDR – 335.66 IDR Share as image

Fair value as of: Jul 18, 2026

From 26 valuation models · updated 22 days ago

Fair value updated Jul 18, 2026, revised from 276.56 IDR to 276.39 IDR (−0.1%) since Jun 24, 2026. Share price +14.1% over the past month.

A solid business, screening 22% undervalued on our models.

What matters now

  • Solid quality (69/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from 187.72 IDR (bear) to 335.66 IDR (bull), base 276.39 IDR. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 69/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (4 years)

303.86 IDR 143.80 IDR Fair Value 276.39 IDR Nov 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

45‑month range 143.80 IDR – 303.86 IDR · fair‑value band 187.72 IDR – 335.66 IDR · the 226.00 IDR price screens below the 276.39 IDR fair value. Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

PT Jayamas Medica Industri Tbk (OMED) currently trades at 226.00 IDR, while our model-based Fair Value estimate is 276.39 IDR, implying the stock looks roughly 22.3% undervalued today. The Quality Score stands at 69/100 (solid quality), in the Healthcare 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 Jayamas Medica Industri Tbk generated revenue of 2.2T IDR at a net margin of 17.8%. Revenue grew 31.2% year over year. It earns a return on equity of 14.6%. The balance sheet holds a net cash position of 1.1T IDR. Fundamentals as of Jul 18, 2026

Our scenario range runs from 187.72 IDR (bear case) to 335.66 IDR (bull case); at 226.00 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 29% below its 52-week high and 36% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -43% fair-value upside, at 22%, OMED 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 BearBaseBull Evidence
Highest evidence
Growth DCF 166.02 IDR 229.84 IDR 325.41 IDR 80
Residual Income 98.47 IDR 125.69 IDR 320.92 IDR 76
Rev-Margin DCF 164.11 IDR 239.59 IDR 325.49 IDR 74
All 26 models by family
DCF Models
FCF DCF 163.23 IDR 234.32 IDR 347.22 IDR 38
Owner Earnings 182.08 IDR 264.08 IDR 394.32 IDR 31
5Y Revenue Exit 164.11 IDR 239.60 IDR 335.59 IDR 39
5Y EBITDA Exit 186.73 IDR 281.66 IDR 391.81 IDR 41
5Y P/E Exit 214.10 IDR 332.54 IDR 456.34 IDR 38
10Y Revenue Exit 158.60 IDR 228.41 IDR 321.34 IDR 36
10Y EBITDA Exit 177.44 IDR 258.18 IDR 365.00 IDR 37
10Y P/E Exit 195.24 IDR 294.21 IDR 415.11 IDR 35
Earnings-Based
Graham-Dodd 92.39 IDR 278.18 IDR 368.73 IDR 54
Lynch FV 59.16 IDR 84.51 IDR 109.86 IDR 50
PEG = 1.0 59.16 IDR 84.51 IDR 109.86 IDR 46
EPV 151.71 IDR 171.34 IDR 188.78 IDR 59
Dividend Discount
Gordon GGM 34.39 IDR 75.07 IDR 126.31 IDR 70
DDM Multi-Stage 34.39 IDR 57.13 IDR 78.24 IDR 61
Multiples
P/E Multiple 224.18 IDR 298.91 IDR 373.63 IDR 63
P/S Multiple 173.23 IDR 230.97 IDR 288.72 IDR 58
P/B Multiple 173.23 IDR 230.97 IDR 288.72 IDR 55
EV/EBIT 222.89 IDR 283.69 IDR 344.49 IDR 53
EV/EBITDA 218.30 IDR 277.57 IDR 336.84 IDR 54
EV/Revenue 170.67 IDR 226.46 IDR 282.26 IDR 43
Asset-Based
NCAV (Graham) 50.36 IDR 67.49 IDR 100.73 IDR 50
Growth DCF
Growth DCF 166.02 IDR 229.84 IDR 325.41 IDR 80
Rev-Margin DCF 164.11 IDR 239.59 IDR 325.49 IDR 74
Economic Profit
Residual Income 98.47 IDR 125.69 IDR 320.92 IDR 76
ROIC Compounder 159.72 IDR 193.24 IDR 233.28 IDR 72
Growth Earnings
Growth-Adj P/E 182.43 IDR 260.62 IDR 338.80 IDR 68

Widest divergence: Growth Earnings (260.62 IDR) versus Dividend Discount (57.13 IDR). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 2.2T IDR
Revenue growth (YoY) +31.2%
Net margin 17.8%
Return on equity 14.6%
Free cash flow 279B IDR FY2025
P/E ratio 14.0
More key figures
Operating margin 19.6%
EPS (TTM) 14.52 IDR
EPS growth (YoY) +35.4%
Net cash 1.1T IDR FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 69/100

Of which business quality 68 · Market factors (momentum, volatility) 50

Profitability 56
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 57
Earnings quality: real cash, not paper profit
Fin. Strength 99
Balance sheet, leverage, solvency risk
Investment 63
Disciplined investing over empire-building
Low Volatility 63
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 51
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 Jayamas Medica Industri Tbk manufactures and sells medical devices in Indonesia, the United States of America, and South America. The company operates through three segments: Manufacturing, Distribution, and Retail.

Full company description

PT Jayamas Medica Industri Tbk manufactures and sells medical devices in Indonesia, the United States of America, and South America. The company operates through three segments: Manufacturing, Distribution, and Retail. It offers medical disposables and consumables comprising medical gloves, syringes, masks, gauze, bandages, urine bag, foley catheter, alcoholic tissue, etc.; antiseptic and disinfectant fluids, povidone iodine, medical alcohol, Hdsol or blood cleansing liquid, etc.; and diagnostics and equipment, such as patient monitor, vital signs monitor, ECG reader, syringe pump, infusion pump, blood pressure monitors, oximeter, fingertip pulse oximeters etc. The company also provides walking aids and rehabilitation care products, including wheelchairs, crutches, walkers, arm slings etc.; biotechnology and laboratory products, such as pregnancy test, PCR test, blood collection tube, PCT tube, chemical reagents, etc; and hospital furniture products comprising patient bed, bed side cabinet, children's patient bed, and operation lamp, as well as wound care products which include plasters, cotton, sterile gauze, etc. In addition, the company engages in warehousing and storage activities; and engages in the manufacturing, selling, and repairs and maintenance of medical devices. It retails medical supplies and equipment through Medicom stores and online platforms. PT Jayamas Medica Industri Tbk was founded in 2000 and is headquartered in Sidoarjo, Indonesia. PT Jayamas Medica Industri Tbk operates as a subsidiary of Pt. Intisumber Hasilsempurna.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Jayamas Medica Industri Tbk reported revenue of 2.1T IDR in FY2025 versus 2.2T IDR in FY2021, a compound −1.9%/yr. Reported net income was 367B IDR in FY2025, compounding −10.1%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
2.1T IDR
Latest YoY
+9.4%
Avg. growth/yr (3Y)
+5.9%
Avg. growth/yr (5Y)
+0.7%
Avg. growth/yr (6Y)
+9.0%
Revenue −1.9%/yr
FY21 2.2T IDR
FY22 1.7T IDR
FY23 1.7T IDR
FY24 1.9T IDR
FY25 2.1T IDR
Net income −10.1%/yr
FY21 563B IDR
FY22 286B IDR
FY23 259B IDR
FY24 322B IDR
FY25 367B IDR

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Cite: Fair Value Calculator (2026). "PT Jayamas Medica Industri Tbk Fair Value". https://www.fairvalue-calculator.com/stock/OMED

Peer Group

Medical Instruments & Supplies · 203 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 69 · Top 25%
Fair Value upside +22% · Top 25%
Return on equity (TTM) 15% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 18% · Top 25%
Operating margin (TTM) 20% · Above median
Revenue growth 31% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.07× · Lower than median

Valuation Multiples vs Medical Instruments & Supplies median · lower = cheaper

P/E (TTM) 14.0× · Cheaper than 75% of peers
P/B 2.03× · Pricier than median
P/S (TTM) 2.51× · Pricier than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 9.0× · 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 63 · sector 0
FUTURE 100 · sector 27
PAST 58 · sector 25
HEALTH 97 · sector 96
DIVIDEND 0 · sector 32

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 Medical Instruments & Supplies stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Intuitive Surgical, Inc ISRG $402.33 $150.04 -63%
EssilorLuxottica Société anonyme 1EL €172.45 €68.55 -60%
Medline Inc MDLN $41.11 $30.15 -27%
Becton, Dickinson and Company BDX $150.65 $103.53 -31%
Alcon Inc ALC $70.26 $39.78 -43%
ResMed Inc RMD $203.87 $187.89 -8%
West Pharmaceutical Services, Inc WST $353.71 $143.97 -59%
Straumann Holding STMN CHF 106.00 CHF 47.31 -55%
Sartorius Stedim Biotech S.A DIM €188.50 €51.16 -73%
Coloplast A/S COLOB kr 414.00 kr 382.22 -8%

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Frequently asked questions

Is PT Jayamas Medica Industri Tbk (OMED) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 276.39 IDR versus a price of 226.00 IDR, about +22% (undervalued).
What is the fair value of OMED?
Our model-based fair value for PT Jayamas Medica Industri Tbk is 276.39 IDR (as of Jul 18, 2026), built from audited fundamentals. The current price is 226.00 IDR.
What is the quality score of OMED?
PT Jayamas Medica Industri Tbk has a Quality Score of 69/100. 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 Jayamas Medica Industri Tbk (OMED)?
PT Jayamas Medica Industri Tbk reported trailing-twelve-month revenue of about 2.2T IDR (latest available figure, as of Jul 18, 2026).
What is the net profit margin of OMED?
The net profit margin of PT Jayamas Medica Industri Tbk is about 17.8%, meaning it keeps roughly 17.8% 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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