Pioneerindo Gourmet International (PTSP) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Pioneerindo Gourmet International IDR 1,931, price IDR 1,185, upside +63.0%, quality 63 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 665.00 IDR – 7,000 IDR · fair‑value band 1,448 IDR – 2,414 IDR · the 1,185 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 Sep 24, 2026.
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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.
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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.
Stock analysis
Pioneerindo Gourmet International (PTSP) currently trades at 1,185 IDR, while our model-based Fair Value estimate is 1,931 IDR, implying the stock looks roughly 38.6% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 4,004 IDR per share, and 20 of the 26 models we run sit above the 1,185 IDR price.
Bear case: the Asset-Based group reads lowest at 514.94 IDR, and 6 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: 1,448 IDR (bear) to 2,414 IDR (bull), the price of 1,185 IDR sits below 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 63/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Pioneerindo Gourmet International 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.
Key figures
Market cap 262B IDR (≈ $14.6M) · P/E ratio 7.2 · P/S ratio 0.20 · EPS (TTM) 163.68 IDR · Dividend yield 1.3% · Net margin 2.8% · Return on equity 20.7% · Return on assets (EBIT) 5.2%.
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 28% below its 52-week high and 40% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −22% fair-value upside, at 63%, PTSP screens cheaper than that median.
Fair Value models
Bear 1,448 IDRFair Value 1,931 IDRBull 2,414 IDR
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 (120.18 IDR 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.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.94/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+1.7%
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.
+8.2%
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.
+13.5%
Start year 2020 (pandemic). Over 10 years: +5.7% a year
Revenue growth 16 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.
+7.3%
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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.
−4.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−5.5%
Dividend (yield on the price)1.3%
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.−6% vs 6%, slowing
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.−11% → 4%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
−19.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Indonesia: IMF forecast 2.6% a year to 2030, 2.9% from 2016 to 2025) that is about −21.2% a year for the price.
Compare Pioneerindo Gourmet International 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.Restaurants · 226 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score63 · Top 25%
Fair Value upside+58% · Top 25%
Profitability
Return on equity (TTM)21% · Top 25%
Return on assets8% · Top 25%
Net margin (TTM)5% · Above median
Operating margin (TTM)10% · Top 25%
Growth and dividend
Revenue growth21% · Top 25%
Dividend yield (TTM)1.3% · Bottom 25%
Valuation Multiplesvs Restaurants median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Pioneerindo Gourmet International Fair Value". https://www.fairvalue-calculator.com/stock/PTSP
Frequently asked questions
Is Pioneerindo Gourmet International (PTSP) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 1,931 IDR versus a price of 1,185 IDR, about +63% upside (undervalued).
What is the fair value of PTSP?
Our model-based fair value for Pioneerindo Gourmet International is 1,931 IDR (as of Sep 24, 2026), built from audited fundamentals. The current price: 1,185 IDR.
What is the quality score of PTSP?
Pioneerindo Gourmet International 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 price target for Pioneerindo Gourmet International (PTSP)?
Our model-based price target is the fair value of 1,931 IDR (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 1,448 IDR, optimistic scenario 2,414 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Pioneerindo Gourmet International stock forecast for 2026?
Our models put fair value at 1,931 IDR, about +63% upside versus a price of 1,185 IDR (undervalued). Cautious scenario 1,448 IDR, optimistic scenario 2,414 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Pioneerindo Gourmet International (PTSP)?
Pioneerindo Gourmet International reported trailing-twelve-month revenue of about 739B IDR (latest available figure, as of Sep 24, 2026).
Does Pioneerindo Gourmet International pay a dividend?
Pioneerindo Gourmet International currently shows a dividend yield of about 1.26% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Pioneerindo Gourmet International (PTSP)?
For today's price to be fair in a discounted-cash-flow model, Pioneerindo Gourmet International would have to grow free cash flow by -19.1 % per year for five years (discount rate 12.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +13.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of PTSP use?
Our models discount Pioneerindo Gourmet International at 12.7 %: a base by market capitalisation (nano), damped by beta 1.26, country premium for Indonesia. 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 Pioneerindo Gourmet International that is -19.1 % per year a year over ten years, using the same discount rate (12.7 %) and the same formula as our fair value.
How much growth has Pioneerindo Gourmet International (PTSP) delivered so far?
Over the past 5 years revenue at Pioneerindo Gourmet International grew +13.6 % a year. The price currently implies -19.1 % 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 Pioneerindo Gourmet International (PTSP) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into Pioneerindo Gourmet International (-19.1 % 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 Pioneerindo Gourmet International (PTSP)?
The free-cash-flow yield on the price is 26.98 %: that much free cash flow Pioneerindo Gourmet International produces per unit of market value. When it exceeds the discount rate of our models (12.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Pioneerindo Gourmet International (PTSP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Pioneerindo Gourmet International it is 1,931 IDR per share (as of Sep 24, 2026), against a price of 1,185 IDR. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Pioneerindo Gourmet International stock overvalued or undervalued in 2026?
As of Sep 24, 2026, PTSP trades below its calculated fair value: price 1,185 IDR, fair value 1,931 IDR, a gap of about +63% (undervalued). 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 PTSP?
No. The price is what the market pays today (1,185 IDR); the fair value is what the company's own numbers justify (1,931 IDR). For Pioneerindo Gourmet International the two are 745.97 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Pioneerindo Gourmet International worth?
The market values Pioneerindo Gourmet International at about 262B IDR (market capitalisation, as of Sep 24, 2026). Per share that is 1,185 IDR; our models calculate a fair value of 1,931 IDR per share.
What do the bullish and bearish scenarios say about PTSP?
Our models span a range for Pioneerindo Gourmet International: cautious scenario 1,448 IDR, base 1,931 IDR, optimistic 2,414 IDR per share (as of Sep 24, 2026, price 1,185 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PTSP?
Pioneerindo Gourmet International trades at a price-to-earnings ratio of 7.2 (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 1,931 IDR is built from several models across several years. Other multiples: PEG 0.7, P/B 1.6, P/S 0.4, EV/EBITDA 3.4.
What is the PEG ratio of PTSP?
The PEG ratio of Pioneerindo Gourmet International is 0.71 (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 Pioneerindo Gourmet International (PTSP)?
Balance-sheet figures for Pioneerindo Gourmet International (as of Sep 24, 2026): return on equity 20.7%. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is PTSP from its 52-week high?
Pioneerindo Gourmet International trades at 1,185 IDR, about 28% below its 52-week high of 1,635 IDR and 40% above the low of 845.00 IDR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 1,931 IDR is for.
Which stocks are comparable to Pioneerindo Gourmet International?
From the same area (Consumer Cyclical) we also value McDonald's Corporation, Starbucks Corporation, Chipotle Mexican Grill, Inc, Yum! Brands, Inc, 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 Pioneerindo Gourmet International stock attractive at the current price?
The data as of Sep 24, 2026: price 1,185 IDR, calculated fair value 1,931 IDR (+63%), Quality Score 63/100, 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 PTSP calculated?
We run Pioneerindo Gourmet International 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 1,931 IDR, 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 13.0 % above its aggregate fair value. Pioneerindo Gourmet International currently trades 63 % below its own fair value, and the market average says nothing about that. 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 Pioneerindo Gourmet International (PTSP)?
The closing price on Sep 24, 2026 was 1,185 IDR. Our model-based fair value is 1,931 IDR, about +63% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Pioneerindo Gourmet International right now?
The price is below even our cautious bear case (1,448 IDR). The market is more pessimistic than our downside scenario. 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 quality (63/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Pioneerindo Gourmet International (PTSP) come from?
Earnings per share at Pioneerindo Gourmet International grew +6.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share +5.2 %, EBIT margin −5.0 %, tax rate +3.2 %, residual (interest, one-offs) +3.0 %. 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 Pioneerindo Gourmet International
How large is the market capitalisation of Pioneerindo Gourmet International (PTSP)?
The market capitalisation of Pioneerindo Gourmet International is 262B IDR (≈ $14.6M). 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 Pioneerindo Gourmet International (PTSP)?
The price-to-sales ratio of Pioneerindo Gourmet International is 0.20 (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 Pioneerindo Gourmet International (PTSP)?
Earnings per share at Pioneerindo Gourmet International are 163.68 IDR (price ÷ EPS = P/E 7.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Pioneerindo Gourmet International (PTSP)?
The dividend yield of Pioneerindo Gourmet International is 1.3% (payout 9.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Pioneerindo Gourmet International (PTSP)?
The net margin of Pioneerindo Gourmet International is 2.8% (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 Pioneerindo Gourmet International (PTSP)?
The return on equity (ROE) of Pioneerindo Gourmet International is 20.7% (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 Pioneerindo Gourmet International (PTSP)?
On an EBIT basis the return on assets of Pioneerindo Gourmet International is 5.2% (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.
What is the operating margin of Pioneerindo Gourmet International (PTSP)?
The operating margin of Pioneerindo Gourmet International is 10.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Pioneerindo Gourmet International (PTSP)?
Revenue at Pioneerindo Gourmet International is growing +20.9% versus a year earlier (3y avg +8.2%). 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 Pioneerindo Gourmet International (PTSP)?
Earnings per share at Pioneerindo Gourmet International are growing +25.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Pioneerindo Gourmet International (PTSP) carry?
The net debt of Pioneerindo Gourmet International is 34.8B IDR (fiscal year 2025, ≈ 0.5 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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