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PT Pancaran Samudera Transport Tbk (PSAT) Fair Value & Analysis

Industrials · ID · Market cap 1.3T IDR

PP PT Pancaran Samudera Transport Tbk PSAT · JK
Price905.00 IDR
Fair Value528.22 IDR
Upside-41.6%
Quality42/100
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Expensive Growth
Loss-making · -2.6% net margin
Low debt · negative free cash flow
Trails peers (1/8)
Narrow moat 24/100
Evidence: High Range 396.16 IDR – 696.70 IDR Share as image

Fair value as of: Jul 18, 2026

From 15 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from 326.26 IDR to 528.22 IDR (+61.9%) since Jun 24, 2026. Share price +13.8% over the past month.

Below-average quality, and screening another 42% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (696.70 IDR). The favourable scenario is already priced in.
  • Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (13 months)

2,730 IDR 705.00 IDR Fair Value 528.22 IDR Jul 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Jul 18, 2026.

How to read this chart

13‑month range 705.00 IDR – 2,730 IDR · fair‑value band 396.16 IDR – 696.70 IDR · the 905.00 IDR price screens above the 528.22 IDR fair value. As of Jul 18, 2026.

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Analysis

PT Pancaran Samudera Transport Tbk (PSAT) currently trades at 905.00 IDR, while our model-based Fair Value estimate is 528.22 IDR, implying the stock looks roughly 41.6% overvalued today. The Quality Score stands at 42/100 (below-average quality), in the Industrials 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: high).

Over the trailing twelve months, PT Pancaran Samudera Transport Tbk generated revenue of 1.0T IDR at a net margin of -2.6%. Revenue declined 28.7% year over year. It earns a return on equity of -2.1%. Net debt stands at 127B IDR. Fundamentals as of Jul 18, 2026

Our scenario range runs from 396.16 IDR (bear case) to 696.70 IDR (bull case); at 905.00 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 73% below its 52-week high and 41% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 67% fair-value upside, at -42%, PSAT 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
Residual Income 623.54 IDR 601.52 IDR 481.45 IDR 76
ROIC Compounder 169.52 IDR 205.33 IDR 237.16 IDR 72
Gordon GGM 648.90 IDR 1,417 IDR 2,384 IDR 70
All 15 models by family
Earnings-Based
Graham-Dodd 105.65 IDR 383.42 IDR 517.17 IDR 54
Lynch FV 91.03 IDR 130.04 IDR 169.05 IDR 50
PEG = 1.0 91.03 IDR 130.04 IDR 169.05 IDR 46
EPV 169.52 IDR 205.33 IDR 237.16 IDR 59
Dividend Discount
Gordon GGM 648.90 IDR 1,417 IDR 2,384 IDR 70
DDM Multi-Stage 648.90 IDR 1,160 IDR 1,476 IDR 61
Multiples
P/E Multiple 244.69 IDR 326.26 IDR 407.82 IDR 63
P/S Multiple 198.08 IDR 264.11 IDR 330.14 IDR 58
P/B Multiple 198.08 IDR 264.11 IDR 330.14 IDR 55
EV/EBIT 294.10 IDR 403.26 IDR 512.43 IDR 53
EV/Revenue 200.34 IDR 300.52 IDR 400.70 IDR 43
Asset-Based
NCAV (Graham) 435.72 IDR 583.86 IDR 871.43 IDR 50
Economic Profit
Residual Income 623.54 IDR 601.52 IDR 481.45 IDR 76
ROIC Compounder 169.52 IDR 205.33 IDR 237.16 IDR 72
Growth Earnings
Growth-Adj P/E 172.18 IDR 245.98 IDR 319.77 IDR 68

Widest divergence: Dividend Discount (1,160 IDR) versus Earnings-Based (130.04 IDR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 1.0T IDR
Revenue growth (YoY) -28.7%
Net margin -2.6%
Return on equity -2.1%
Free cash flow −289B IDR FY2025
Operating margin 5.0%
More key figures
EPS (TTM) -17.42 IDR
EPS growth (YoY) -89.7%
Net debt 127B IDR FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 44 · Market factors (momentum, volatility) 25

Profitability 25
Margins and returns on capital today
Quality Growth 23
Are margins and returns improving?
Cashflow 39
Earnings quality: real cash, not paper profit
Fin. Strength 64
Balance sheet, leverage, solvency risk
Investment 36
Disciplined investing over empire-building
Low Volatility 40
Calm price path (market factor)
Momentum 26
Price trend over the last 3–12 months (market factor)
52W Momentum 7
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 Pancaran Samudera Transport Tbk operates in the shipping/sea transportation sector. The company operates in two segments, Shipping and Shipyard.

Full company description

PT Pancaran Samudera Transport Tbk operates in the shipping/sea transportation sector. The company operates in two segments, Shipping and Shipyard. It offers shipping, vessel docking, and shipbuilding services; and engages in the field of ship, boat, and floating building repair industries, as well as wholesale trade in marine transportation equipment, spare parts, and equipment. The company was founded in 2007 and is based in Jakarta, Indonesia. PT Pancaran Samudera Transport Tbk is a subsidiary of PT Profitama Hasil Indah.

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

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

PT Pancaran Samudera Transport Tbk reported revenue of 1.1T IDR in FY2025 versus 811B IDR in FY2022, a compound +9.9%/yr. Reported net income was 23.0B IDR in FY2025, compounding −48.4%/yr from FY2022.

Growth Quality 43/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
1.1T IDR
Latest YoY
+9.9%
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.
+9.9%
Revenue +9.9%/yr
FY22 811B IDR
FY23 1.0T IDR
FY24 980B IDR
FY25 1.1T IDR
Net income −48.4%/yr
FY22 168B IDR
FY23 262B IDR
FY24 243B IDR
FY25 23.0B IDR

PSAT screens 42% overvalued. Compare with Adani Ports and Special Economic Zone Limited →

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Cite: Fair Value Calculator (2026). "PT Pancaran Samudera Transport Tbk Fair Value". https://www.fairvalue-calculator.com/stock/PSAT

Peer Group

Marine Shipping · 231 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 42 · Bottom 25%
Fair Value upside −42% · Bottom 25%
Return on assets -1% · Bottom 25%
Net margin (TTM) -3% · Bottom 25%
Operating margin (TTM) 5% · Bottom 25%
Revenue growth -29% · Bottom 25%
Debt / equity 0.09× · Lower 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 0 · sector 29
FUTURE 0 · sector 18
PAST 0 · sector 27
HEALTH 96 · sector 88
DIVIDEND 0 · sector 47

VALUE 0: the price sits above our fair-value range.

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 Marine Shipping stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Adani Ports and Special Economic Zone Limited ADANIPORTS ₹1,828 ₹1,041 -43%
A.P. Møller - Mærsk A/S MAERSKA kr 16,520 kr 3,033 -82%
COSCO SHIPPING Holdings 601919 ¥13.98 ¥40.37 +189%
Shanghai International Port (Group) Co 600018 ¥5.17 ¥6.57 +27%
HMM Co 011200 20,050 KRW 33,855 KRW +69%
Ningbo Zhoushan Port Company 601018 ¥3.35 ¥5.58 +67%
Qingdao Port International Co 601298 ¥8.88 ¥15.97 +80%
JSW Infrastructure Limited JSWINFRA ₹330.05 ₹126.31 -62%
Wan Hai Lines Ltd 2615 80.70 TWD 212.79 TWD +164%
Wallenius Wilhelmsen ASA WAWI kr 137.70 kr 50.56 -63%

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Frequently asked questions

Is PT Pancaran Samudera Transport Tbk (PSAT) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 528.22 IDR versus a price of 905.00 IDR, about −42% (overvalued).
What is the fair value of PSAT?
Our model-based fair value for PT Pancaran Samudera Transport Tbk is 528.22 IDR (as of Jul 18, 2026), built from audited fundamentals. The current price is 905.00 IDR.
What is the quality score of PSAT?
PT Pancaran Samudera Transport Tbk has a Quality Score of 42/100. 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 Pancaran Samudera Transport Tbk (PSAT)?
PT Pancaran Samudera Transport Tbk reported trailing-twelve-month revenue of about 1.0T IDR (latest available figure, as of Jul 18, 2026).
What is the net profit margin of PSAT?
The net profit margin of PT Pancaran Samudera Transport Tbk is about -2.6%, meaning it is currently running at a net loss. 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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