Destinasi Tirta Nusantara Tbk (PDES) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Destinasi Tirta Nusantara Tbk IDR 879, price IDR 380, upside +131.4%, quality 66 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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.
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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.
Stock analysis
Destinasi Tirta Nusantara Tbk (PDES) currently trades at 380.00 IDR, while our model-based Fair Value estimate is 879.13 IDR, implying the stock looks roughly 56.8% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 1,847 IDR per share, and 22 of the 26 models we run sit above the 380.00 IDR price.
Bear case: the Asset-Based group reads lowest at 91.50 IDR, and 4 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: 553.73 IDR (bear) to 1,515 IDR (bull), the price of 380.00 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 66/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
Key figures
Market cap 272B IDR (≈ $15.2M) · P/S ratio 0.46 · EPS (TTM) −84.20 IDR · Dividend yield 0.3% · Net margin 4.9% · Return on equity 43.0% · Return on assets (EBIT) 5.0% · Operating margin 7.3%.
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 42% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 10% fair-value upside, at 131%, PDES screens cheaper than that median.
Fair Value models
Bear 553.73 IDRFair Value 879.13 IDRBull 1,515 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.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.82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+29.7%
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.
+56.6%
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.
+51.2%
Start year 2020 (pandemic). Over 10 years: +5.7% a year
Revenue growth 18 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.
+8.3%
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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.
+9.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.1%
Dividend (yield on the price)0.3%
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.−130% → 13%
2025 sits 69% above its own trend. The rate follows the median trend of the last 3 years, not that single year.
Growth Forecast
Little optimism in the price
The price assumes less 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).
+14.3%
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 +11.4% a year for the price.
Compare Destinasi Tirta Nusantara 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.Travel Services · 88 stocks
Beats the industry median on 8/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score66 · Top 25%
Fair Value upside+129% · Top 25%
Profitability
Return on equity (TTM)43% · Top 25%
Return on assets14% · Top 25%
Net margin (TTM)5% · Below median
Operating margin (TTM)7% · Above median
Growth and dividend
Revenue growth35% · Top 25%
Dividend yield (TTM)0.3% · Bottom 25%
Balance sheet
Debt / equity0.88× · Highest 25%
Valuation Multiplesvs Travel Services median · lower = cheaper
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Is Destinasi Tirta Nusantara Tbk (PDES) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 879.13 IDR versus a price of 380.00 IDR, about +131% upside (undervalued).
What is the fair value of PDES?
Our model-based fair value for Destinasi Tirta Nusantara Tbk is 879.13 IDR (as of Sep 24, 2026), built from audited fundamentals. The current price: 380.00 IDR.
What is the quality score of PDES?
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 price target for Destinasi Tirta Nusantara Tbk (PDES)?
Our model-based price target is the fair value of 879.13 IDR (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 553.73 IDR, optimistic scenario 1,515 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Destinasi Tirta Nusantara Tbk stock forecast for 2026?
Our models put fair value at 879.13 IDR, about +131% upside versus a price of 380.00 IDR (undervalued). Cautious scenario 553.73 IDR, optimistic scenario 1,515 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Destinasi Tirta Nusantara Tbk (PDES)?
Destinasi Tirta Nusantara Tbk reported trailing-twelve-month revenue of about 633B IDR (latest available figure, as of Sep 24, 2026).
Does Destinasi Tirta Nusantara Tbk pay a dividend?
Destinasi Tirta Nusantara Tbk currently shows a dividend yield of about 0.26% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Destinasi Tirta Nusantara Tbk (PDES)?
For today's price to be fair in a discounted-cash-flow model, Destinasi Tirta Nusantara Tbk would have to grow free cash flow by +14.3 % 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 +51.2 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of PDES use?
Our models discount Destinasi Tirta Nusantara Tbk 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 Destinasi Tirta Nusantara Tbk that is +14.3 % 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 Destinasi Tirta Nusantara Tbk (PDES) delivered so far?
Over the past 5 years revenue at Destinasi Tirta Nusantara Tbk grew +51.2 % a year. The price currently implies +14.3 % 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 Destinasi Tirta Nusantara Tbk (PDES) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into Destinasi Tirta Nusantara Tbk (+14.3 % 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 Destinasi Tirta Nusantara Tbk (PDES)?
The free-cash-flow yield on the price is 6.69 %: that much free cash flow Destinasi Tirta Nusantara Tbk 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 Destinasi Tirta Nusantara Tbk (PDES)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Destinasi Tirta Nusantara Tbk it is 879.13 IDR per share (as of Sep 24, 2026), against a price of 380.00 IDR. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Destinasi Tirta Nusantara Tbk stock overvalued or undervalued in 2026?
As of Sep 24, 2026, PDES trades below its calculated fair value: price 380.00 IDR, fair value 879.13 IDR, a gap of about +131% (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 PDES?
No. The price is what the market pays today (380.00 IDR); the fair value is what the company's own numbers justify (879.13 IDR). For Destinasi Tirta Nusantara Tbk the two are 499.13 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Destinasi Tirta Nusantara Tbk worth?
The market values Destinasi Tirta Nusantara Tbk at about 272B IDR (market capitalisation, as of Sep 24, 2026). Per share that is 380.00 IDR; our models calculate a fair value of 879.13 IDR per share.
What do the bullish and bearish scenarios say about PDES?
Our models span a range for Destinasi Tirta Nusantara Tbk: cautious scenario 553.73 IDR, base 879.13 IDR, optimistic 1,515 IDR per share (as of Sep 24, 2026, price 380.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Destinasi Tirta Nusantara Tbk (PDES)?
Balance-sheet figures for Destinasi Tirta Nusantara Tbk (as of Sep 24, 2026): return on equity 43.0%, debt of 0.88 per unit of equity. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is PDES from its 52-week high?
Destinasi Tirta Nusantara Tbk trades at 380.00 IDR, about 42% below its 52-week high of 653.72 IDR and 3% above the low of 370.00 IDR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 879.13 IDR is for.
Which stocks are comparable to Destinasi Tirta Nusantara Tbk?
From the same area (Consumer Cyclical) we also value Booking Holdings, Airbnb, Inc, Royal Caribbean Cruises Ltd, Viking 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 Destinasi Tirta Nusantara Tbk stock attractive at the current price?
The data as of Sep 24, 2026: price 380.00 IDR, calculated fair value 879.13 IDR (+131%), Quality Score 66/100, from 26 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 PDES calculated?
We run Destinasi Tirta Nusantara Tbk through 26 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 879.13 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. Destinasi Tirta Nusantara Tbk currently trades 131 % 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 Destinasi Tirta Nusantara Tbk (PDES)?
The closing price on Sep 24, 2026 was 380.00 IDR. Our model-based fair value is 879.13 IDR, about +131% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Destinasi Tirta Nusantara Tbk right now?
The price is below even our cautious bear case (553.73 IDR). The market is more pessimistic than our downside scenario. The model range is unusually wide (553.73 IDR to 1,515 IDR). The outcome hinges heavily on assumptions, so read the point estimate with caution. 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 (66/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Destinasi Tirta Nusantara Tbk (PDES) come from?
Earnings per share at Destinasi Tirta Nusantara Tbk grew +2.8 % a year from 2014 to 2025. Broken into its drivers: revenue per share +2.0 %, EBIT margin +4.2 %, tax rate +0.4 %, residual (interest, one-offs) −3.7 %. 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 Destinasi Tirta Nusantara Tbk
How large is the market capitalisation of Destinasi Tirta Nusantara Tbk (PDES)?
The market capitalisation of Destinasi Tirta Nusantara Tbk is 272B IDR (≈ $15.2M). 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 Destinasi Tirta Nusantara Tbk (PDES)?
The price-to-sales ratio of Destinasi Tirta Nusantara Tbk is 0.46 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Destinasi Tirta Nusantara Tbk (PDES)?
Earnings per share at Destinasi Tirta Nusantara Tbk are −84.20 IDR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Destinasi Tirta Nusantara Tbk (PDES)?
The dividend yield of Destinasi Tirta Nusantara Tbk is 0.3%. 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 Destinasi Tirta Nusantara Tbk (PDES)?
The net margin of Destinasi Tirta Nusantara 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 Destinasi Tirta Nusantara Tbk (PDES)?
The return on equity (ROE) of Destinasi Tirta Nusantara Tbk is 43.0% (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 Destinasi Tirta Nusantara Tbk (PDES)?
On an EBIT basis the return on assets of Destinasi Tirta Nusantara Tbk is 5.0% (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 Destinasi Tirta Nusantara Tbk (PDES)?
The operating margin of Destinasi Tirta Nusantara Tbk is 7.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Destinasi Tirta Nusantara Tbk (PDES)?
Revenue at Destinasi Tirta Nusantara Tbk is growing +34.7% versus a year earlier (3y avg +56.6%). 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 Destinasi Tirta Nusantara Tbk (PDES)?
Earnings per share at Destinasi Tirta Nusantara Tbk are growing +94.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Destinasi Tirta Nusantara Tbk (PDES) carry?
The net debt of Destinasi Tirta Nusantara Tbk is 93.5B IDR (fiscal year 2025, ≈ 5.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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