PT Pantai Indah Kapuk Dua Tbk (PANI) fair value: what the stock is really worth
As of Oct 8, 2026: fair value of PT Pantai Indah Kapuk Dua Tbk IDR 1,072, price IDR 4,630, upside -76.8%, quality 38 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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 27, 2026.
How to read this chart
60‑month range 7.67 IDR – 19,100 IDR · fair‑value band 824.71 IDR – 1,340 IDR · the 4,630 IDR price screens above the 1,072 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 27, 2026.
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PT Pantai Indah Kapuk Dua Tbk, together with its subsidiaries, operates as a property developer in Indonesia. The company develops commercial products, including shophouses; and residential landed houses. It also processes fishery products services.
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PT Pantai Indah Kapuk Dua Tbk, together with its subsidiaries, operates as a property developer in Indonesia. The company develops commercial products, including shophouses; and residential landed houses. It also processes fishery products services. The company was formerly known as PT Pratama Abadi Nusa Industri Tbk and changed its name to PT Pantai Indah Kapuk Dua Tbk in July 2023. The company was founded in 2000 and is based in Jakarta Utara, Indonesia. PT Pantai Indah Kapuk Dua Tbk operates as a subsidiary of PT Multi Artha Pratama.
Stock analysis
PT Pantai Indah Kapuk Dua Tbk (PANI) currently trades at 4,630 IDR, while our model-based Fair Value estimate is 1,072 IDR, 76.8% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 2,888 IDR per share, and 0 of the 17 models we run sit above the 4,630 IDR price.
Bear case: the Economic Profit group reads lowest at 672.36 IDR, and 17 of the 17 models stay below the price. Evidence for this calculation is low.
Scenario range: 824.71 IDR (bear) to 1,340 IDR (bull), the price of 4,630 IDR sits above 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 38/100 (below-average quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
PT Pantai Indah Kapuk Dua Tbk reported revenue of 4.3T IDR in FY2025 versus 316B IDR in FY2021, a compound +92.2%/yr. Reported net income was 1.1T IDR in FY2025, compounding +412.6%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 83.9T IDR (≈ $4.7B) · P/E ratio 32.3 · P/S ratio 8.59 · EPS (TTM) 143.26 IDR · Dividend yield 0.1% · Net margin 26.6% · Return on equity 10.5% · Return on assets (EBIT) 2.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 70% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 10% fair-value upside, at −77%, PANI screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (41.13 IDR to 2,991 IDR). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear 824.71 IDRFair Value 1,072 IDRBull 1,340 IDR
Price 4,630 IDR · Upside -76.8%
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 (110.68 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. 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+52.4%
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.
+70.4%
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.
+88.7%
Start year 2020 (pandemic)
Revenue growth 9 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.
+42.0%
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What shareholders gained per year (last 3 years), in IDR (mathematically smoothed) ⓘ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 3 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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+54.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+54.0%
Dividend (yield on the price)0.1%
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.2% → 45%
2025 sits 149% above its own trend. The rate follows the median trend of the last 3 years, not that single year.
Compare PT Pantai Indah Kapuk Dua Tbk with another stock
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.Real Estate - Development · 576 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score38 · Bottom 25%
Fair Value upside−76.8% · Bottom 25%
Profitability
Return on equity (TTM)10.5% · Top 25%
Return on assets7.7% · Top 25%
Net margin (TTM)80.8% · Top 25%
Operating margin (TTM)72.6% · Top 25%
Growth and dividend
Revenue growth75.3% · Top 25%
Dividend yield (TTM)0.1% · Bottom 25%
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
P/E (TTM)32.3× · Priciest 25%
P/B3.09× · Priciest 25%
P/S (TTM)26.79× · Priciest 25%
EV/EBITDA41.9× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 64
FUTURE (revenue growth)100· sector 0
PAST (return on equity)42· sector 11
HEALTH (low debt)99· sector 84
DIVIDEND (yield)2· sector 59
VALUE 0: the price sits above our fair-value range.
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). "PT Pantai Indah Kapuk Dua Tbk Fair Value". https://www.fairvalue-calculator.com/stock/PANI
Frequently asked questions
Is PT Pantai Indah Kapuk Dua Tbk (PANI) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 1,072 IDR versus a price of 4,630 IDR, about −77% upside (overvalued).
What is the fair value of PANI?
Our model-based fair value for PT Pantai Indah Kapuk Dua Tbk is 1,072 IDR (as of Sep 27, 2026), built from audited fundamentals. The current price: 4,630 IDR.
What is the quality score of PANI?
PT Pantai Indah Kapuk Dua Tbk has a Quality Score of 38/100. 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 PT Pantai Indah Kapuk Dua Tbk (PANI)?
Our model-based price target is the fair value of 1,072 IDR (as of Sep 27, 2026) from 17 valuation models. Cautious scenario 824.71 IDR, optimistic scenario 1,340 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the PT Pantai Indah Kapuk Dua Tbk stock forecast for 2026?
Our models put fair value at 1,072 IDR, about −77% upside versus a price of 4,630 IDR (overvalued). Cautious scenario 824.71 IDR, optimistic scenario 1,340 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of PT Pantai Indah Kapuk Dua Tbk (PANI)?
PT Pantai Indah Kapuk Dua Tbk reported trailing-twelve-month revenue of about 5.6T IDR (latest available figure, as of Sep 27, 2026).
Does PT Pantai Indah Kapuk Dua Tbk pay a dividend?
PT Pantai Indah Kapuk Dua Tbk currently shows a dividend yield of about 0.10% relative to its recent price (as of Sep 27, 2026).
What is the intrinsic value of PT Pantai Indah Kapuk Dua Tbk (PANI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For PT Pantai Indah Kapuk Dua Tbk it is 1,072 IDR per share (as of Sep 27, 2026), against a price of 4,630 IDR. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is PT Pantai Indah Kapuk Dua Tbk stock overvalued or undervalued in 2026?
As of Sep 27, 2026, PANI trades above its calculated fair value: price 4,630 IDR, fair value 1,072 IDR, a gap of about −77% (overvalued). 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 PANI?
No. The price is what the market pays today (4,630 IDR); the fair value is what the company's own numbers justify (1,072 IDR). For PT Pantai Indah Kapuk Dua Tbk the two are 3,558 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is PT Pantai Indah Kapuk Dua Tbk worth?
The market values PT Pantai Indah Kapuk Dua Tbk at about 83.9T IDR (market capitalisation, as of Sep 27, 2026). Per share that is 4,630 IDR; our models calculate a fair value of 1,072 IDR per share.
What do the bullish and bearish scenarios say about PANI?
Our models span a range for PT Pantai Indah Kapuk Dua Tbk: cautious scenario 824.71 IDR, base 1,072 IDR, optimistic 1,340 IDR per share (as of Sep 27, 2026, price 4,630 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PANI?
PT Pantai Indah Kapuk Dua Tbk trades at a price-to-earnings ratio of 32.3 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 1,072 IDR is built from several models across several years. Other multiples: P/B 3.1, P/S 26.8, EV/EBITDA 41.9.
How solid is the balance sheet of PT Pantai Indah Kapuk Dua Tbk (PANI)?
Balance-sheet figures for PT Pantai Indah Kapuk Dua Tbk (as of Sep 27, 2026): return on equity 10.5%, debt of 0.01 per unit of equity. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
How far is PANI from its 52-week high?
PT Pantai Indah Kapuk Dua Tbk trades at 4,630 IDR, about 70% below its 52-week high of 15,375 IDR and 8% above the low of 4,300 IDR (as of Oct 8, 2026). Distance from the high says nothing about value: that is what the fair value of 1,072 IDR is for.
Which stocks are comparable to PT Pantai Indah Kapuk Dua Tbk?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, Vinhomes Joint Stock Company, CK Asset Holdings, 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 PT Pantai Indah Kapuk Dua Tbk stock attractive at the current price?
The data as of Sep 27, 2026: price 4,630 IDR, calculated fair value 1,072 IDR (−77%), Quality Score 38/100, from 17 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 PANI calculated?
We run PT Pantai Indah Kapuk Dua Tbk through 17 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 1,072 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. PT Pantai Indah Kapuk Dua Tbk itself currently trades above fair value. 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 PT Pantai Indah Kapuk Dua Tbk (PANI)?
The closing price on Oct 8, 2026 was 4,630 IDR. Our model-based fair value is 1,072 IDR, about −77% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with PT Pantai Indah Kapuk Dua Tbk right now?
The price sits above even our optimistic bull case (1,340 IDR). The favourable scenario is already priced in. Weak quality (38/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of PT Pantai Indah Kapuk Dua Tbk
How large is the market capitalisation of PT Pantai Indah Kapuk Dua Tbk (PANI)?
The market capitalisation of PT Pantai Indah Kapuk Dua Tbk is 83.9T IDR (≈ $4.7B). 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 PT Pantai Indah Kapuk Dua Tbk (PANI)?
The price-to-sales ratio of PT Pantai Indah Kapuk Dua Tbk is 8.59 (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 PT Pantai Indah Kapuk Dua Tbk (PANI)?
Earnings per share at PT Pantai Indah Kapuk Dua Tbk are 143.26 IDR (price ÷ EPS = P/E 32.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of PT Pantai Indah Kapuk Dua Tbk (PANI)?
The dividend yield of PT Pantai Indah Kapuk Dua Tbk is 0.1% (payout 3.2%). 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 PT Pantai Indah Kapuk Dua Tbk (PANI)?
The net margin of PT Pantai Indah Kapuk Dua Tbk is 26.6% (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 PT Pantai Indah Kapuk Dua Tbk (PANI)?
The return on equity (ROE) of PT Pantai Indah Kapuk Dua Tbk is 10.5% (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 PT Pantai Indah Kapuk Dua Tbk (PANI)?
On an EBIT basis the return on assets of PT Pantai Indah Kapuk Dua Tbk is 2.1% (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 PT Pantai Indah Kapuk Dua Tbk (PANI)?
The operating margin of PT Pantai Indah Kapuk Dua Tbk is 72.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at PT Pantai Indah Kapuk Dua Tbk (PANI)?
Revenue at PT Pantai Indah Kapuk Dua Tbk is growing +75.3% versus a year earlier (3y avg +70.4%). 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 PT Pantai Indah Kapuk Dua Tbk (PANI)?
Earnings per share at PT Pantai Indah Kapuk Dua Tbk are growing +330% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does PT Pantai Indah Kapuk Dua Tbk (PANI) generate?
The free cash flow of PT Pantai Indah Kapuk Dua Tbk is −248B IDR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does PT Pantai Indah Kapuk Dua Tbk (PANI) hold?
PT Pantai Indah Kapuk Dua Tbk holds more cash than debt, 3.3T IDR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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