PT Indofood Sukses Makmur Tbk (PIFMF) fair value: what the stock is really worth
As of Jul 2, 2026: fair value of PT Indofood Sukses Makmur Tbk $0.38, price $0.42, upside -9.1%, quality 59 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range $0.2332 – $0.5080 · fair‑value band $0.2865 – $0.4760 · the $0.4200 price screens above the $0.3820 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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PT Indofood Sukses Makmur Tbk operates as a food solutions company in Indonesia, rest of Asia, Africa, and internationally. The company operates through Consumer Branded Products Business Group, Bogasari Business Group, Agribusiness Group, and Distribution Business Group segments.
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PT Indofood Sukses Makmur Tbk operates as a food solutions company in Indonesia, rest of Asia, Africa, and internationally. The company operates through Consumer Branded Products Business Group, Bogasari Business Group, Agribusiness Group, and Distribution Business Group segments. It provides consumer branded products, such as noodles, dairy products, snack food, food seasonings, nutrition and special food, and beverages. The company also offers flexible and corrugated packaging products; and produces and sells wheat flour and pasta. In addition, it engages in the seed breeding and oil palm cultivation and milling; manufacturing and marketing of cooking oils, margarine, and shortening products; and cultivation of sugar cane, rubber, and other crops, as well as distributes consumer products manufactured by third parties. The company was formerly known as PT Panganjaya Intikusuma and changed its name to PT Indofood Sukses Makmur Tbk in January 1994. The company was incorporated in 1990 and is headquartered in Jakarta, Indonesia. PT Indofood Sukses Makmur Tbk operates as a subsidiary of First Pacific Investment Management Limited.
Stock analysis
PT Indofood Sukses Makmur Tbk (PIFMF) currently trades at $0.4200, while our model-based Fair Value estimate is $0.3820, so the stock looks roughly fairly valued today (gap 10.0%).
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Valuation
Bull case: the DCF Models group reads highest at a median of $1.64 per share, and 23 of the 26 models we run sit above the $0.4200 price.
Bear case: the Dividend Discount group reads lowest at $0.2400, and 3 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: $0.2865 (bear) to $0.4760 (bull), the price of $0.4200 sits inside 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 59/100 (solid quality), in the Consumer Defensive sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
PT Indofood Sukses Makmur Tbk reported revenue of 123T IDR in FY2025 versus 99.3T IDR in FY2021, a compound +5.6%/yr. Reported net income was 10.7T IDR in FY2025, compounding +8.7%/yr from FY2021.
Key figures
Market cap $3.7B · P/E ratio 6.0 · P/S ratio 0.52 · EPS (TTM) $0.0700 · Net margin 8.7% · Return on equity 13.3% · Return on assets (EBIT) 10.6% · Revenue (TTM) 117T IDR.
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 16% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 9% fair-value upside, at −9%, PIFMF screens richer than that median.
Fair Value models
Bear $0.2865Fair Value $0.3820Bull $0.4760
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 ($0.0529 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.82/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+6.7%
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.
+3.7%
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.
+8.6%
Start year 2020 (pandemic). Over 10 years: +6.8% a year
Revenue growth 26 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.
+9.5%
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What shareholders gained per year (last 5 years), in IDR ⓘ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 5 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. 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.
+10.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.6%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.10.6% vs 10.5%, steady
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.16% → 19%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
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).
−14.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+4.9%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in IDR, Indonesia: IMF forecast 2.6% a year to 2030, 2.9% from 2016 to 2025) that is about −16.9% a year for the price and +2.2% for the forecasts.
Compare PT Indofood Sukses Makmur 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.Packaged Foods · 634 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score59 · Above median
Fair Value upside−9.0% · Below median
Profitability
Return on equity (TTM)13.3% · Above median
Return on assets6.9% · Top 25%
Net margin (TTM)8.7% · Top 25%
Operating margin (TTM)0.0% · Bottom 25%
Growth and dividend
Revenue growth7.4% · Above median
Balance sheet
Debt / equity0.67× · Highest 25%
Valuation Multiplesvs Packaged Foods median · lower = cheaper
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Cite: Fair Value Calculator (2026). "PT Indofood Sukses Makmur Tbk Fair Value". https://www.fairvalue-calculator.com/stock/PIFMF
Frequently asked questions
Is PT Indofood Sukses Makmur Tbk (PIFMF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $0.3820 versus the last price from Jul 2, 2026 of $0.4200, about −9% upside (fairly valued).
What is the fair value of PIFMF?
Our model-based fair value for PT Indofood Sukses Makmur Tbk is $0.3820 (as of Sep 24, 2026), built from audited fundamentals. Last price (from Jul 2, 2026): $0.4200.
What is the quality score of PIFMF?
PT Indofood Sukses Makmur Tbk has a Quality Score of 59/100. 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 Indofood Sukses Makmur Tbk (PIFMF)?
Our model-based price target is the fair value of $0.3820 (as of Sep 24, 2026) from 26 valuation models. Cautious scenario $0.2865, optimistic scenario $0.4760. It is a calculation from audited fundamentals, not an analyst target.
What is the PT Indofood Sukses Makmur Tbk stock forecast for 2026?
Our models put fair value at $0.3820, about −9% upside versus the last price from Jul 2, 2026 of $0.4200 (fairly valued). Cautious scenario $0.2865, optimistic scenario $0.4760. The calculation is refreshed regularly with new filings.
What is the revenue of PT Indofood Sukses Makmur Tbk (PIFMF)?
PT Indofood Sukses Makmur Tbk reported trailing-twelve-month revenue of about 117T IDR (latest available figure, as of Sep 24, 2026).
What growth is priced into PT Indofood Sukses Makmur Tbk (PIFMF)?
For today's price to be fair in a discounted-cash-flow model, PT Indofood Sukses Makmur Tbk would have to grow free cash flow by -14.7 % per year for five years (discount rate 8.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of PIFMF use?
Our models discount PT Indofood Sukses Makmur Tbk at 8.5 %: a base by market capitalisation (mid), damped by beta 0.05, country premium for USA. 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 PT Indofood Sukses Makmur Tbk that is -14.7 % per year a year over ten years, using the same discount rate (8.5 %) and the same formula as our fair value.
How much growth has PT Indofood Sukses Makmur Tbk (PIFMF) delivered so far?
Over the past 5 years revenue at PT Indofood Sukses Makmur Tbk grew +8.6 % a year. The price currently implies -14.7 % 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 PT Indofood Sukses Makmur Tbk (PIFMF) growing?
The median revenue growth in the sector is +2.9 % a year. That is the yardstick for the growth priced into PT Indofood Sukses Makmur Tbk (-14.7 % 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 PT Indofood Sukses Makmur Tbk (PIFMF)?
The free-cash-flow yield on the price is 21.12 %: that much free cash flow PT Indofood Sukses Makmur Tbk produces per unit of market value. When it exceeds the discount rate of our models (8.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of PT Indofood Sukses Makmur Tbk (PIFMF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For PT Indofood Sukses Makmur Tbk it is $0.3820 per share (as of Sep 24, 2026), against a price of $0.4200. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is PT Indofood Sukses Makmur Tbk stock overvalued or undervalued in 2026?
As of Sep 24, 2026, PIFMF trades above its calculated fair value: price $0.4200, fair value $0.3820, a gap of about −9% (fairly valued). 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 PIFMF?
No. The price is what the market pays today ($0.4200); the fair value is what the company's own numbers justify ($0.3820). For PT Indofood Sukses Makmur Tbk the two are $0.0380 per share apart. That gap is exactly why we show both numbers side by side.
How much is PT Indofood Sukses Makmur Tbk worth?
The market values PT Indofood Sukses Makmur Tbk at about $3.7B (market capitalisation, as of Sep 24, 2026). Per share that is $0.4200; our models calculate a fair value of $0.3820 per share.
What do the bullish and bearish scenarios say about PIFMF?
Our models span a range for PT Indofood Sukses Makmur Tbk: cautious scenario $0.2865, base $0.3820, optimistic $0.4760 per share (as of Sep 24, 2026, price $0.4200). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PIFMF?
PT Indofood Sukses Makmur Tbk trades at a price-to-earnings ratio of 6.0 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $0.3820 is built from several models across several years. Other multiples: PEG 0.4, P/B 0.9, P/S 0.6, EV/EBITDA 2.7.
What is the PEG ratio of PIFMF?
The PEG ratio of PT Indofood Sukses Makmur Tbk is 0.41 (P/E divided by earnings growth, as of Sep 24, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of PT Indofood Sukses Makmur Tbk (PIFMF)?
Balance-sheet figures for PT Indofood Sukses Makmur Tbk (as of Sep 24, 2026): return on equity 13.3%, debt of 0.67 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is PIFMF from its 52-week high?
PT Indofood Sukses Makmur Tbk trades at $0.4200, about 16% below its 52-week high of $0.5000 and at the low of $0.4200 (as of Jul 2, 2026). Distance from the high says nothing about value: that is what the fair value of $0.3820 is for.
Which stocks are comparable to PT Indofood Sukses Makmur Tbk?
From the same area (Consumer Defensive) we also value Nestlé S.A, Danone S.A, Foshan Haitian Flavouring and Food Company, The Kraft Heinz Company, 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 Indofood Sukses Makmur Tbk stock attractive at the current price?
The data as of Sep 24, 2026: price $0.4200, calculated fair value $0.3820 (−9%), Quality Score 59/100, 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 PIFMF calculated?
We run PT Indofood Sukses Makmur 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 $0.3820, 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 Indofood Sukses Makmur 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 Indofood Sukses Makmur Tbk (PIFMF)?
The latest price we hold is from Jul 2, 2026 and stands at $0.4200. Our model-based fair value is $0.3820, about −9% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with PT Indofood Sukses Makmur Tbk right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Where does the earnings growth of PT Indofood Sukses Makmur Tbk (PIFMF) come from?
Earnings per share at PT Indofood Sukses Makmur Tbk grew +10.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +6.8 %, EBIT margin +5.4 %, tax rate +0.7 %, residual (interest, one-offs) −2.4 %. 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 PT Indofood Sukses Makmur Tbk
How large is the market capitalisation of PT Indofood Sukses Makmur Tbk (PIFMF)?
The market capitalisation of PT Indofood Sukses Makmur Tbk is $3.7B. 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 Indofood Sukses Makmur Tbk (PIFMF)?
The price-to-sales ratio of PT Indofood Sukses Makmur Tbk is 0.52 (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 Indofood Sukses Makmur Tbk (PIFMF)?
Earnings per share at PT Indofood Sukses Makmur Tbk are $0.0700 (price ÷ EPS = P/E 6.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of PT Indofood Sukses Makmur Tbk (PIFMF)?
The net margin of PT Indofood Sukses Makmur Tbk is 8.7% (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 Indofood Sukses Makmur Tbk (PIFMF)?
The return on equity (ROE) of PT Indofood Sukses Makmur Tbk is 13.3% (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 Indofood Sukses Makmur Tbk (PIFMF)?
On an EBIT basis the return on assets of PT Indofood Sukses Makmur Tbk is 10.6% (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.
How fast is revenue growing at PT Indofood Sukses Makmur Tbk (PIFMF)?
Revenue at PT Indofood Sukses Makmur Tbk is growing +7.4% versus a year earlier (3y avg +3.7%). 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 Indofood Sukses Makmur Tbk (PIFMF)?
Earnings per share at PT Indofood Sukses Makmur Tbk are growing +8.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does PT Indofood Sukses Makmur Tbk (PIFMF) carry?
The net debt of PT Indofood Sukses Makmur Tbk is 27.5T IDR (fiscal year 2025, ≈ 2.0 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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Thin data
Sep 24, 2026