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PT Destinasi Tirta Nusantara Tbk, (PDES) Fair Value & Analysis

Consumer Cyclical · ID · Market cap 290B IDR

PD PT Destinasi Tirta Nusantara Tbk, PDES · JK
Price422.00 IDR
Fair Value874.58 IDR
Upside+107.3%
Quality66/100
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Mixed Growth
Thin margins · 5.0% net margin
Moderate debt · generates free cash flow
0.25% dividend yield
Ranks above peers (8/11)
Moderate moat 61/100
Evidence: Medium Range 551.13 IDR – 2,401 IDR Share as image

Fair value as of: Jul 16, 2026

From 26 valuation models · updated 25 days ago

Share price +3.4% over the past month.

A solid business, screening 107% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (551.13 IDR). The market is more pessimistic than our downside scenario.
  • The model range is unusually wide (551.13 IDR to 2,401 IDR). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

653.72 IDR 178.65 IDR Fair Value 874.58 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 178.65 IDR – 653.72 IDR · fair‑value band 551.13 IDR – 2,401 IDR · the 422.00 IDR price screens below the 874.58 IDR fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

PT Destinasi Tirta Nusantara Tbk, (PDES) currently trades at 422.00 IDR, while our model-based Fair Value estimate is 874.58 IDR, implying the stock looks roughly 107.3% undervalued today. The Quality Score stands at 66/100 (solid quality), in the Consumer Cyclical 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: medium), always confirm before acting.

Over the trailing twelve months, PT Destinasi Tirta Nusantara Tbk, generated revenue of 633B IDR at a net margin of 5.0%. Revenue grew 34.7% year over year. It earns a return on equity of 43.0%. Net debt stands at 93.5B IDR. Fundamentals as of Jul 16, 2026

Our scenario range runs from 551.13 IDR (bear case) to 2,401 IDR (bull case); at 422.00 IDR, the current price sits below 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 40% below its 52-week high and 19% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -16% fair-value upside, at 107%, PDES 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
Growth DCF 353.62 IDR 817.61 IDR 1,597 IDR 80
Residual Income 298.03 IDR 408.55 IDR 3,266 IDR 76
Rev-Margin DCF 685.18 IDR 1,388 IDR 2,852 IDR 74
All 26 models by family
DCF Models
FCF DCF 379.73 IDR 657.81 IDR 1,567 IDR 38
Owner Earnings 760.71 IDR 1,882 IDR 4,342 IDR 31
5Y Revenue Exit 608.10 IDR 1,206 IDR 2,465 IDR 39
5Y EBITDA Exit 846.46 IDR 1,688 IDR 3,344 IDR 41
5Y P/E Exit 551.13 IDR 1,391 IDR 2,547 IDR 38
10Y Revenue Exit 528.19 IDR 1,485 IDR 2,168 IDR 36
10Y EBITDA Exit 738.47 IDR 2,011 IDR 4,318 IDR 37
10Y P/E Exit 518.03 IDR 1,360 IDR 2,772 IDR 35
Earnings-Based
Graham-Dodd 270.32 IDR 1,885 IDR 2,646 IDR 54
Lynch FV 973.96 IDR 1,391 IDR 1,809 IDR 50
PEG = 1.0 973.96 IDR 1,391 IDR 1,809 IDR 46
EPV 771.04 IDR 920.23 IDR 1,053 IDR 59
Dividend Discount
Gordon GGM 122.64 IDR 267.75 IDR 450.51 IDR 70
DDM Multi-Stage 122.64 IDR 219.33 IDR 279.04 IDR 61
Multiples
P/E Multiple 655.93 IDR 874.58 IDR 1,093 IDR 63
P/S Multiple 506.86 IDR 675.81 IDR 844.76 IDR 58
P/B Multiple 409.68 IDR 546.24 IDR 682.80 IDR 55
EV/EBIT 1,323 IDR 1,789 IDR 2,255 IDR 53
EV/EBITDA 963.87 IDR 1,310 IDR 1,656 IDR 54
EV/Revenue 606.69 IDR 898.57 IDR 1,190 IDR 43
Asset-Based
NCAV (Graham) 68.28 IDR 91.50 IDR 136.56 IDR 50
Growth DCF
Growth DCF 353.62 IDR 817.61 IDR 1,597 IDR 80
Rev-Margin DCF 685.18 IDR 1,388 IDR 2,852 IDR 74
Economic Profit
Residual Income 298.03 IDR 408.55 IDR 3,266 IDR 76
ROIC Compounder 1,035 IDR 1,659 IDR 2,522 IDR 72
Growth Earnings
Growth-Adj P/E 1,293 IDR 1,847 IDR 2,401 IDR 68

Widest divergence: Growth Earnings (1,847 IDR) versus Asset-Based (91.50 IDR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 633B IDR
Revenue growth (YoY) +34.7%
Net margin 5.0%
Return on equity 43.0%
Free cash flow 18.2B IDR FY2025
Operating margin 7.3%
More key figures
EPS (TTM) -84.20 IDR
Dividend yield 0.3%
EPS growth (YoY) +94.4%
Net debt 93.5B IDR FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 63 · Market factors (momentum, volatility) 27

Profitability 71
Margins and returns on capital today
Quality Growth 92
Are margins and returns improving?
Cashflow 41
Earnings quality: real cash, not paper profit
Fin. Strength 50
Balance sheet, leverage, solvency risk
Investment 57
Disciplined investing over empire-building
Low Volatility 62
Calm price path (market factor)
Momentum 15
Price trend over the last 3–12 months (market factor)
52W Momentum 9
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 Destinasi Tirta Nusantara Tbk, together with its subsidiaries, operates as a tour operator company in Indonesia, Thailand, Malaysia, and internationally. It offers tour and travel packages, tour guides, and transportation related services. The company was founded in 1999 and is headquartered in Jakarta, Indonesia.

Full company description

PT Destinasi Tirta Nusantara Tbk, together with its subsidiaries, operates as a tour operator company in Indonesia, Thailand, Malaysia, and internationally. It offers tour and travel packages, tour guides, and transportation related services. The company was founded in 1999 and is headquartered in Jakarta, Indonesia. PT Destinasi Tirta Nusantara Tbk is a subsidiary of PT. Panorama Sentrawisata Tbk.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Destinasi Tirta Nusantara Tbk, reported revenue of 580B IDR in FY2025 versus 9.3B IDR in FY2021, a compound +181.1%/yr. Reported net income was 28.4B IDR in FY2025.

Growth Quality 82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
580B IDR
Latest YoY
+29.7%
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.
+56.6%
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.
+51.2%
Avg. growth/yr (18Y) 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.
+8.3%
Revenue +181.1%/yr
FY21 9.3B IDR
FY22 151B IDR
FY23 369B IDR
FY24 447B IDR
FY25 580B IDR
Net income
FY21 −60.6B IDR
FY22 −2.3B IDR
FY23 23.9B IDR
FY24 9.8B IDR
FY25 28.4B IDR
Character of growth · EPS growth decomposed (2014-2025) +2.8 % p.a.
Revenue per share +2.0 pp

of which total revenue +2.0 pp · buybacks/dilution +0.0 pp

EBIT margin +4.2 pp
Tax rate +0.4 pp
Residual (interest, one-offs) −3.8 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "PT Destinasi Tirta Nusantara Tbk, Fair Value". https://www.fairvalue-calculator.com/stock/PDES

Peer Group

Travel Services · 90 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 66 · Top 25%
Fair Value upside +107% · Top 25%
Return on equity (TTM) 43% · Top 25%
Return on assets 14% · Top 25%
Net margin (TTM) 5% · Below median
Operating margin (TTM) 7% · Above median
Revenue growth 35% · Top 25%
Dividend yield (TTM) 0.3% · Bottom 25%
Debt / equity 0.88× · Higher than 75% of peers

Valuation Multiples vs Travel Services median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 0.6× · Cheaper than 75% of peers

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 100 · sector 19
FUTURE 100 · sector 25
PAST 100 · sector 36
HEALTH 56 · sector 97
DIVIDEND 5 · sector 36

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 Travel Services stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Booking Holdings BKNG $182.80 $152.94 -16%
Airbnb, Inc ABNB $148.62 $57.47 -61%
Royal Caribbean Cruises Ltd RCL $286.96 $215.19 -25%
Viking Holdings VIK $100.69 $43.51 -57%
Carnival Corporation CCL $26.41 $31.36 +19%
Expedia Group EXPE $268.77 $248.63 -7%
Trip.com Group TCOM $42.45 $88.82 +109%
Norwegian Cruise Line Holdings NCLH $19.46 $20.28 +4%
Global Business Travel Group GBTG $9.40 $4.17 -56%
Travel + Leisure Co TNL $73.27 $27.29 -63%

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Frequently asked questions

Is PT Destinasi Tirta Nusantara Tbk, (PDES) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 874.58 IDR versus a price of 422.00 IDR, about +107% (undervalued).
What is the fair value of PDES?
Our model-based fair value for PT Destinasi Tirta Nusantara Tbk, is 874.58 IDR (as of Jul 16, 2026), built from audited fundamentals. The current price is 422.00 IDR.
What is the quality score of PDES?
PT Destinasi Tirta Nusantara Tbk, has a Quality Score of 66/100. 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 Destinasi Tirta Nusantara Tbk, (PDES)?
PT Destinasi Tirta Nusantara Tbk, reported trailing-twelve-month revenue of about 633B IDR (latest available figure, as of Jul 16, 2026).
What is the net profit margin of PDES?
The net profit margin of PT Destinasi Tirta Nusantara Tbk, is about 5.0%, meaning it keeps roughly 5.0% of revenue as net income. Based on the latest reported figures.
Does PT Destinasi Tirta Nusantara Tbk, pay a dividend?
PT Destinasi Tirta Nusantara Tbk, currently shows a dividend yield of about 0.20% relative to its recent price (as of Jul 16, 2026).

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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