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PT Panca Global Kapital Tbk (PEGE) Fair Value & Analysis

Financial Services · ID · Market cap 312B IDR

PP PT Panca Global Kapital Tbk PEGE · JK
Price102.00 IDR
Fair Value19.73 IDR
Upside-80.7%
Quality52/100
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Weak Growth
Thin margins · 0.0% net margin
negative free cash flow
Trails peers (1/7)
Narrow moat 41/100
Evidence: Low Range 18.80 IDR – 20.66 IDR Share as image

Fair value as of: Jul 14, 2026

From 6 valuation models · updated 27 days ago

Fair value updated Jul 14, 2026, revised from 20.70 IDR to 19.73 IDR (−4.7%) since Jun 26, 2026. Share price −1.9% over the past month.

A solid business, but screening 81% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (20.66 IDR). The favourable scenario is already priced in.
  • 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 but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
  • The models converge in a tight band (18.80 IDR to 20.66 IDR), unusually little disagreement for a valuation.
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Price vs Fair Value (5 years)

1,875 IDR 67.00 IDR Fair Value 19.73 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range 67.00 IDR – 1,875 IDR · fair‑value band 18.80 IDR – 20.66 IDR · the 102.00 IDR price screens above the 19.73 IDR fair value. Dashed = 300-day average. As of Jul 14, 2026.

Full chart & analysis →

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Analysis

PT Panca Global Kapital Tbk (PEGE) currently trades at 102.00 IDR, while our model-based Fair Value estimate is 19.73 IDR, implying the stock looks roughly 80.7% overvalued today. The Quality Score stands at 52/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Revenue declined 86.8% year over year. It earns a return on equity of -30.3%. The balance sheet holds a net cash position of 49.4B IDR. Fundamentals as of Jul 14, 2026

Our scenario range runs from 18.80 IDR (bear case) to 20.66 IDR (bull case); at 102.00 IDR, the current price sits above 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 69% below its 52-week high and 20% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 11% fair-value upside, at -81%, PEGE screens richer 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
ROIC Compounder 18.78 IDR 19.15 IDR 19.49 IDR 67
EPV 18.78 IDR 19.15 IDR 19.49 IDR 59
EV/EBITDA 19.16 IDR 20.00 IDR 20.84 IDR 54
All 6 models by family
Earnings-Based
EPV 18.78 IDR 19.15 IDR 19.49 IDR 59
Multiples
EV/EBIT 18.78 IDR 19.49 IDR 20.20 IDR 53
EV/EBITDA 19.16 IDR 20.00 IDR 20.84 IDR 54
EV/Revenue 18.80 IDR 19.73 IDR 20.66 IDR 43
Asset-Based
NCAV (Graham) 24.08 IDR 32.27 IDR 48.16 IDR 50
Economic Profit
ROIC Compounder 18.78 IDR 19.15 IDR 19.49 IDR 67

Widest divergence: Asset-Based (32.27 IDR) versus Earnings-Based (19.15 IDR). Highest evidence: ROIC Compounder (67).

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Key figures & financial health

Revenue (TTM) −12.2B IDR
Revenue growth (YoY) -86.8%
Return on equity -30.3%
Free cash flow −18.6B IDR FY2025
Operating margin 122%
EPS (TTM) -18.05 IDR
More key figures
EPS growth (YoY) -98.7%
Net cash 49.4B IDR FY2025

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 47 · Market factors (momentum, volatility) 16

Profitability 2
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 1
Earnings quality: real cash, not paper profit
Fin. Strength 97
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 11
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 14
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 Panca Global Kapital Tbk engages in the securities brokerage and underwriting services in Indonesia. It is also involved in general trading, services, development, and investment. The company was formerly known as PT Panca Global Securities Tbk and changed its name to PT Panca Global Kapital Tbk in March 2018.

Full company description

PT Panca Global Kapital Tbk engages in the securities brokerage and underwriting services in Indonesia. It is also involved in general trading, services, development, and investment. The company was formerly known as PT Panca Global Securities Tbk and changed its name to PT Panca Global Kapital Tbk in March 2018. PT Panca Global Kapital Tbk was founded in 1999 and is based in Jakarta, Indonesia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Panca Global Kapital Tbk reported revenue of 12.7B IDR in FY2025 versus −84.0B IDR in FY2021. Reported net income was −35.4B IDR in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
12.7B IDR
Latest YoY
−33.8%
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.
−32.2%
Avg. growth/yr (19Y) 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.
−2.6%
Revenue
FY21 −84.0B IDR
FY22 40.7B IDR
FY23 25.1B IDR
FY24 19.2B IDR
FY25 12.7B IDR
Net income
FY21 −97.2B IDR
FY22 −113B IDR
FY23 −73.2B IDR
FY24 −34.3B IDR
FY25 −35.4B IDR

PEGE screens 81% overvalued. Compare with Huatai Securities Co →

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Cite: Fair Value Calculator (2026). "PT Panca Global Kapital Tbk Fair Value". https://www.fairvalue-calculator.com/stock/PEGE

Peer Group

Capital Markets · 422 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 51 · Below median
Fair Value upside −81% · Bottom 25%
Return on assets -26% · Bottom 25%
Net margin (TTM) 0% · Bottom 25%
Operating margin (TTM) 122% · Top 25%
Revenue growth -87% · Bottom 25%

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 Capital Markets stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
Huatai Securities Co HTSC $0.2700 $0.0400 -85%
Mirae Asset Securities Co 006800 38,750 KRW 31,645 KRW -18%
Meritz Financial Group 138040 117,000 KRW 87,706 KRW -25%
Korea Investment Holdings 071050 239,000 KRW 318,825 KRW +33%
NH Investment & Securities Co 005940 31,000 KRW 37,133 KRW +20%
Samsung Securities Co 016360 107,700 KRW 126,487 KRW +17%
Motilal Oswal Financial Services Limited MOTILALOFS ₹967.00 ₹299.65 -69%
Kiwoom Securities Co 039490 322,000 KRW 358,091 KRW +11%
SSI Securities Corporation SSI 24,250 VND 28,021 VND +16%
Bolsas y Mercados Argentinos S.A BYMA 313.75 ARS 120.22 ARS -62%

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Frequently asked questions

Is PT Panca Global Kapital Tbk (PEGE) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of 19.73 IDR versus a price of 102.00 IDR, about −81% (overvalued).
What is the fair value of PEGE?
Our model-based fair value for PT Panca Global Kapital Tbk is 19.73 IDR (as of Jul 14, 2026), built from audited fundamentals. The current price is 102.00 IDR.
What is the quality score of PEGE?
PT Panca Global Kapital Tbk has a Quality Score of 52/100. 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 net profit margin of PEGE?
The net profit margin of PT Panca Global Kapital Tbk is about 0.0%, meaning it keeps roughly 0.0% 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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