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PT Cikarang Listrindo Tbk (POWR) Fair Value & Analysis

Utilities · ID · Market cap 11.3T IDR

PC PT Cikarang Listrindo Tbk POWR · JK
Price730.00 IDR
Fair Value1,252 IDR
Upside+71.5%
Quality66/100
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Mixed Growth
Solidly profitable · 13.3% net margin
Low debt · generates free cash flow
Ranks above peers (10/14)
Moderate moat 55/100
Evidence: High Range 715.40 IDR – 1,610 IDR Share as image

Fair value as of: Aug 7, 2026

From 24 valuation models · updated today

Fair value updated Aug 7, 2026, revised from 0.0800 IDR to 1,252 IDR (+1,564,837.5%) since Jul 12, 2026. Share price +3.5% over the past month.

A solid business, screening 72% undervalued on our models.

What matters now

  • Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (715.40 IDR to 1,610 IDR) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

735.00 IDR 366.22 IDR Fair Value 1,252 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 7, 2026.

How to read this chart

60‑month range 366.22 IDR – 735.00 IDR · fair‑value band 715.40 IDR – 1,610 IDR · the 730.00 IDR price screens below the 1,252 IDR fair value. Dashed = 300-day average. As of Aug 7, 2026.

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Analysis

PT Cikarang Listrindo Tbk (POWR) currently trades at 730.00 IDR, while our model-based Fair Value estimate is 1,252 IDR, implying the stock looks roughly 71.5% undervalued today. We read business quality at 66/100 (solid quality), in the Utilities 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: high), always confirm before acting.

Over the trailing twelve months, PT Cikarang Listrindo Tbk generated revenue of 546M IDR at a net margin of 13.3%. Revenue declined 5.4% year over year. It earns a return on equity of 10.0%. Net debt stands at 171M IDR. Fundamentals as of Aug 7, 2026

Our scenario range runs from 715.40 IDR (bear case) to 1,610 IDR (bull case); at 730.00 IDR, the current price sits within 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 1% below its 52-week high and 21% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at -59% fair-value upside, at 72%, POWR 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 BearBaseBull Evidence
Highest evidence
Growth DCF 894.25 IDR 1,252 IDR 1,967 IDR 80
Residual Income 715.40 IDR 894.25 IDR 1,073 IDR 76
Rev-Margin DCF 894.25 IDR 1,252 IDR 1,967 IDR 74
All 24 models by family
DCF Models
FCF DCF 894.25 IDR 1,252 IDR 2,146 IDR 38
Owner Earnings 536.55 IDR 894.25 IDR 1,610 IDR 31
5Y Revenue Exit 894.25 IDR 1,252 IDR 1,967 IDR 39
5Y EBITDA Exit 1,252 IDR 1,967 IDR 3,040 IDR 41
5Y P/E Exit 894.25 IDR 1,431 IDR 1,967 IDR 38
10Y Revenue Exit 715.40 IDR 1,252 IDR 1,610 IDR 36
10Y EBITDA Exit 1,073 IDR 1,610 IDR 2,146 IDR 37
10Y P/E Exit 894.25 IDR 1,252 IDR 1,610 IDR 35
Earnings-Based
Graham-Dodd 536.55 IDR 715.40 IDR 715.40 IDR 54
EPV 715.40 IDR 894.25 IDR 1,073 IDR 59
Dividend Discount
Gordon GGM 715.40 IDR 715.40 IDR 894.25 IDR 70
DDM Multi-Stage 715.40 IDR 894.25 IDR 1,252 IDR 61
Multiples
P/E Multiple 1,252 IDR 1,610 IDR 1,967 IDR 63
P/S Multiple 1,073 IDR 1,431 IDR 1,789 IDR 58
P/B Multiple 1,073 IDR 1,431 IDR 1,789 IDR 55
EV/EBIT 1,431 IDR 1,967 IDR 2,504 IDR 53
EV/EBITDA 1,610 IDR 2,325 IDR 2,862 IDR 54
EV/Revenue 894.25 IDR 1,431 IDR 1,789 IDR 43
Asset-Based
NCAV (Graham) 357.70 IDR 536.55 IDR 894.25 IDR 50
Growth DCF
Growth DCF 894.25 IDR 1,252 IDR 1,967 IDR 80
Rev-Margin DCF 894.25 IDR 1,252 IDR 1,967 IDR 74
Economic Profit
Residual Income 715.40 IDR 894.25 IDR 1,073 IDR 76
ROIC Compounder 715.40 IDR 1,073 IDR 1,252 IDR 72
Growth Earnings
Growth-Adj P/E 894.25 IDR 1,252 IDR 1,610 IDR 68

Widest divergence: Multiples (1,431 IDR) versus Asset-Based (536.55 IDR). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 546M IDR
Revenue growth (YoY) -5.4%
Net margin 13.3%
Return on equity 10.0%
Free cash flow 90.8M IDR FY2025
P/E ratio 8.3
More key figures
Operating margin 21.2%
EPS (TTM) 83.01 IDR
EPS growth (YoY) +3.5%
Net debt 171M IDR FY2025

Figures from reported company fundamentals · as of Aug 7, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 62 · Market factors (momentum, volatility) 71

Profitability 39
Margins and returns on capital today
Quality Growth 32
Are margins and returns improving?
Cashflow 77
Earnings quality: real cash, not paper profit
Fin. Strength 69
Balance sheet, leverage, solvency risk
Investment 81
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 51
Price trend over the last 3–12 months (market factor)
52W Momentum 72
Distance to the 52-week high (market factor)
Net Issuance 80
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 Cikarang Listrindo Tbk engages in the generation, transmission, and distribution of electricity in Indonesia. The company owns and operates gas and coal power plants with a total installed capacity of 1,144 MW and a rooftop solar power of 35.8 MWp; transmission line of 150 kV; and distribution line of 20kV.

Full company description

PT Cikarang Listrindo Tbk engages in the generation, transmission, and distribution of electricity in Indonesia. The company owns and operates gas and coal power plants with a total installed capacity of 1,144 MW and a rooftop solar power of 35.8 MWp; transmission line of 150 kV; and distribution line of 20kV. It also offers public electric vehicle charging station. It serves light and medium manufacturing, such as automotive, electronic, plastic, food, chemical, consumer goods, heavy, data center, and other industries. PT Cikarang Listrindo Tbk was founded in 1990 and is headquartered in Jakarta, Indonesia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Cikarang Listrindo Tbk reported revenue of 547M IDR in FY2025 versus 515M IDR in FY2021, a compound +1.5%/yr. Reported net income was 71.2M IDR in FY2025, compounding −5.8%/yr from FY2021.

Growth Quality 56/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
547M IDR
Latest YoY
−0.1%
Avg. growth/yr (3Y)
−0.2%
Avg. growth/yr (5Y)
+3.3%
Avg. growth/yr (19Y)
−34.1%
Revenue +1.5%/yr
FY21 515M IDR
FY22 550M IDR
FY23 546M IDR
FY24 547M IDR
FY25 547M IDR
Net income −5.8%/yr
FY21 90.4M IDR
FY22 72.5M IDR
FY23 77.0M IDR
FY24 75.3M IDR
FY25 71.2M IDR

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Cite: Fair Value Calculator (2026). "PT Cikarang Listrindo Tbk Fair Value". https://www.fairvalue-calculator.com/stock/POWR

Peer Group

Utilities - Independent Power Producers · 78 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 +72% · Top 25%
Return on equity (TTM) 10% · Above median
Return on assets 4% · Top 25%
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 21% · Above median
Revenue growth -5% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.48× · Lower than median

Valuation Multiples vs Utilities - Independent Power Producers median · lower = cheaper

P/E (TTM) 8.6× · Cheaper than 75% of peers
P/B 1.58× · Pricier than median
P/S (TTM) 2.08× · Pricier than median
P/FCF 12.5× · Pricier than 75% of peers
EV/EBITDA 6.3× · Cheaper than median

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 23
FUTURE 0 · sector 0
PAST 40 · sector 31
HEALTH 76 · sector 71
DIVIDEND 0 · sector 48

Insider activity: 40/100

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 Utilities - Independent Power Producers stocks, each showing price versus our Fair Value estimate (as of Aug 7, 2026).

Stock Price Fair Value vs Fair Value
Constellation Energy Corporation CEG $257.57 $89.08 -65%
Vistra Corp VST $158.86 $47.59 -70%
Adani Power Limited ADANIPOWER ₹218.45 ₹75.57 -65%
CGN Power Co 003816 ¥3.88 ¥3.13 -19%
NRG Energy, Inc NRG $137.90 $56.02 -59%
Gulf Development Public Company GULF 67.50 THB 40.44 THB -40%
Adani Energy Solutions Limited ADANIENSOL ₹1,730 ₹342.02 -80%
Talen Energy Corporation TLN $372.37 $44.67 -88%
Datang International Power Generation Co 601991 ¥5.80 ¥4.95 -15%
Power Assets Holdings 0006 HK$58.45 HK$31.90 -45%

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Frequently asked questions

Is PT Cikarang Listrindo Tbk (POWR) overvalued or undervalued?
As of Aug 7, 2026, our model estimates a fair value of 1,252 IDR versus a price of 730.00 IDR, about +72% (undervalued).
What is the fair value of POWR?
Our model-based fair value for PT Cikarang Listrindo Tbk is 1,252 IDR (as of Aug 7, 2026), built from audited fundamentals. The current price is 730.00 IDR.
What is the quality score of POWR?
PT Cikarang Listrindo Tbk has a Quality Score of 66/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of PT Cikarang Listrindo Tbk (POWR)?
PT Cikarang Listrindo Tbk reported trailing-twelve-month revenue of about 546M IDR (latest available figure, as of Aug 7, 2026).
What is the net profit margin of POWR?
The net profit margin of PT Cikarang Listrindo Tbk is about 13.3%, meaning it keeps roughly 13.3% 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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