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PT Pioneerindo Gourmet International Tbk, (PTSP) Fair Value & Analysis

Consumer Cyclical · ID · Market cap 194B IDR

PP PT Pioneerindo Gourmet International Tbk, PTSP · JK
Price970.00 IDR
Fair Value1,931 IDR
Upside+99.1%
Quality63/100
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Healthy Growth
Thin margins · 4.9% net margin
Low debt · generates free cash flow
Ranks above peers (14/14)
Moderate moat 53/100
Evidence: Medium Range 1,448 IDR – 2,414 IDR Share as image

Fair value as of: Jul 19, 2026

From 26 valuation models · updated 22 days ago

Share price +9.0% over the past month.

A solid business, screening 99% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (1,448 IDR). The market is more pessimistic than our downside scenario.
  • Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

7,000 IDR 665.00 IDR Fair Value 1,931 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range 665.00 IDR – 7,000 IDR · fair‑value band 1,448 IDR – 2,414 IDR · the 970.00 IDR price screens below the 1,931 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

Full chart & analysis →

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Analysis

PT Pioneerindo Gourmet International Tbk, (PTSP) currently trades at 970.00 IDR, while our model-based Fair Value estimate is 1,931 IDR, implying the stock looks roughly 99.1% undervalued today. The Quality Score stands at 63/100 (solid quality), in the Consumer Cyclical 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: medium), always confirm before acting.

Over the trailing twelve months, PT Pioneerindo Gourmet International Tbk, generated revenue of 739B IDR at a net margin of 4.9%. Revenue grew 20.9% year over year. It earns a return on equity of 20.7%. Net debt stands at 34.8B IDR. Fundamentals as of Jul 19, 2026

Our scenario range runs from 1,448 IDR (bear case) to 2,414 IDR (bull case); at 970.00 IDR, the current price sits below 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 41% below its 52-week high and 21% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -47% fair-value upside, at 99%, PTSP 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 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
Growth DCF 3,990 IDR 6,433 IDR 10,348 IDR 80
Residual Income 699.61 IDR 819.22 IDR 1,717 IDR 76
Rev-Margin DCF 2,164 IDR 3,093 IDR 4,233 IDR 74
All 26 models by family
DCF Models
FCF DCF 3,962 IDR 6,477 IDR 10,533 IDR 38
Owner Earnings 3,485 IDR 5,686 IDR 9,235 IDR 31
5Y Revenue Exit 2,164 IDR 3,054 IDR 4,157 IDR 39
5Y EBITDA Exit 3,708 IDR 6,064 IDR 8,881 IDR 41
5Y P/E Exit 2,292 IDR 3,304 IDR 4,371 IDR 38
10Y Revenue Exit 2,725 IDR 3,726 IDR 5,044 IDR 36
10Y EBITDA Exit 3,762 IDR 5,863 IDR 8,791 IDR 37
10Y P/E Exit 2,845 IDR 3,903 IDR 5,214 IDR 35
Earnings-Based
Graham-Dodd 596.84 IDR 2,235 IDR 3,022 IDR 54
Lynch FV 538.83 IDR 769.75 IDR 1,001 IDR 50
PEG = 1.0 538.83 IDR 769.75 IDR 1,001 IDR 46
EPV 1,222 IDR 1,403 IDR 1,561 IDR 59
Dividend Discount
Gordon GGM 101.88 IDR 211.83 IDR 336.04 IDR 70
DDM Multi-Stage 101.88 IDR 178.62 IDR 222.32 IDR 61
Multiples
P/E Multiple 1,448 IDR 1,931 IDR 2,414 IDR 63
P/S Multiple 1,119 IDR 1,492 IDR 1,865 IDR 58
P/B Multiple 1,119 IDR 1,492 IDR 1,865 IDR 55
EV/EBIT 1,846 IDR 2,415 IDR 2,985 IDR 53
EV/EBITDA 3,950 IDR 5,221 IDR 6,491 IDR 54
EV/Revenue 1,289 IDR 1,782 IDR 2,276 IDR 43
Asset-Based
NCAV (Graham) 384.28 IDR 514.94 IDR 768.56 IDR 50
Growth DCF
Growth DCF 3,990 IDR 6,433 IDR 10,348 IDR 80
Rev-Margin DCF 2,164 IDR 3,093 IDR 4,233 IDR 74
Economic Profit
Residual Income 699.61 IDR 819.22 IDR 1,717 IDR 76
ROIC Compounder 1,330 IDR 1,703 IDR 2,177 IDR 72
Growth Earnings
Growth-Adj P/E 1,023 IDR 1,462 IDR 1,901 IDR 68

Widest divergence: DCF Models (3,903 IDR) versus Dividend Discount (178.62 IDR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 739B IDR
Revenue growth (YoY) +20.9%
Net margin 4.9%
Return on equity 20.7%
Free cash flow 70.6B IDR FY2025
P/E ratio 5.4
More key figures
Operating margin 10.3%
EPS (TTM) 163.68 IDR
EPS growth (YoY) +2,501%
Net debt 34.8B IDR FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 64 · Market factors (momentum, volatility) 29

Profitability 63
Margins and returns on capital today
Quality Growth 32
Are margins and returns improving?
Cashflow 67
Earnings quality: real cash, not paper profit
Fin. Strength 72
Balance sheet, leverage, solvency risk
Investment 64
Disciplined investing over empire-building
Low Volatility 24
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 25
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 Pioneerindo Gourmet International Tbk, together with its subsidiaries, operates a chain of restaurants in Indonesia. The company operates restaurants under the California Fried Chicken, Sapo Oriental, and Cal Donat trademarks; fried chicken restaurant; and ramen noodle restaurant under the Sugakiya brand name.

Full company description

PT Pioneerindo Gourmet International Tbk, together with its subsidiaries, operates a chain of restaurants in Indonesia. The company operates restaurants under the California Fried Chicken, Sapo Oriental, and Cal Donat trademarks; fried chicken restaurant; and ramen noodle restaurant under the Sugakiya brand name. It offers its services through its owned and franchised outlets. The company was formerly known as PT Putra Sejahtera Pioneerindo Tbk and changed its name to PT Pioneerindo Gourmet International Tbk in August 2001. PT Pioneerindo Gourmet International Tbk was founded in 1983 and is headquartered in Jakarta Barat, Indonesia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Pioneerindo Gourmet International Tbk, reported revenue of 703B IDR in FY2025 versus 423B IDR in FY2021, a compound +13.5%/yr. Reported net income was 19.4B IDR in FY2025.

Growth Quality 94/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
703B IDR
Latest YoY
+1.7%
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.
+8.2%
Avg. growth/yr (5Y) 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.
+13.5%
Avg. growth/yr (16Y) 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.
+7.3%
Revenue +13.5%/yr
FY21 423B IDR
FY22 556B IDR
FY23 624B IDR
FY24 691B IDR
FY25 703B IDR
Net income
FY21 −17.6B IDR
FY22 8.7B IDR
FY23 16.1B IDR
FY24 21.0B IDR
FY25 19.4B IDR
Character of growth · EPS growth decomposed (2014-2025) +6.2 % p.a.
Revenue per share +5.2 pp

of which total revenue +5.2 pp · buybacks/dilution +0.0 pp

EBIT margin −5.0 pp
Tax rate +3.2 pp
Residual (interest, one-offs) +2.8 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "PT Pioneerindo Gourmet International Tbk, Fair Value". https://www.fairvalue-calculator.com/stock/PTSP

Peer Group

Restaurants · 227 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 63 · Top 25%
Fair Value upside +99% · Top 25%
Return on equity (TTM) 21% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 5% · Above median
Operating margin (TTM) 10% · Top 25%
Revenue growth 21% · Top 25%

Valuation Multiples vs Restaurants median · lower = cheaper

P/E (TTM) 5.4× · Cheaper than 75% of peers
P/B 1.14× · Cheaper than median
P/S (TTM) 0.26× · Cheaper than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 2.4× · Cheaper than 75% of peers
PEG 0.71× · Cheaper than 75% of peers

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 28
FUTURE 100 · sector 20
PAST 83 · sector 16
HEALTH 100 · sector 97
DIVIDEND 0 · sector 58

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 Restaurants stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
McDonald's Corporation MCDS C$24.01 C$10.84 -55%
Starbucks Corporation SBUX $105.49 $35.83 -66%
Chipotle Mexican Grill, Inc CMG $34.63 $18.43 -47%
Yum! Brands, Inc YUM $163.54 $59.66 -64%
Restaurant Brands International Inc QSR C$104.19 C$36.37 -65%
Darden Restaurants, Inc DRI $195.74 $173.68 -11%
Yum China Holdings YUMC $43.90 $55.10 +26%
Texas Roadhouse, Inc TXRH $197.03 $104.89 -47%
Dutch Bros Inc BROS $68.36 $12.80 -81%
Domino's Pizza, Inc DPZ $322.18 $231.96 -28%

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Frequently asked questions

Is PT Pioneerindo Gourmet International Tbk, (PTSP) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 1,931 IDR versus a price of 970.00 IDR, about +99% (undervalued).
What is the fair value of PTSP?
Our model-based fair value for PT Pioneerindo Gourmet International Tbk, is 1,931 IDR (as of Jul 19, 2026), built from audited fundamentals. The current price is 970.00 IDR.
What is the quality score of PTSP?
PT Pioneerindo Gourmet International Tbk, has a Quality Score of 63/100. 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 Pioneerindo Gourmet International Tbk, (PTSP)?
PT Pioneerindo Gourmet International Tbk, reported trailing-twelve-month revenue of about 739B IDR (latest available figure, as of Jul 19, 2026).
What is the net profit margin of PTSP?
The net profit margin of PT Pioneerindo Gourmet International Tbk, is about 4.9%, meaning it keeps roughly 4.9% 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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