United Tractors Tbk PT (PUTKY) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of United Tractors Tbk PT $80.40, price $29.24, upside +175.0%, quality 57 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch United Tractors Tbk PT ADR for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 28, 2026.
How to read this chart
60‑month range $8.93 – $36.41 · fair‑value band $60.30 – $100.50 · the $29.24 price screens below the $80.40 fair value. Dashed = 300-day average. As of Sep 28, 2026.
Follow United Tractors Tbk PT ADR in your weekly email
Every Wednesday you see whether United Tractors Tbk PT ADR is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
PT United Tractors Tbk, together with its subsidiaries, provides coal mining services in Indonesia. The company operates in five segments: Construction Machinery, Mining Contracting, Thermal and Metallurgical Coal Mining, Gold and Other Mineral Mining, and Other segments.
Show more
PT United Tractors Tbk, together with its subsidiaries, provides coal mining services in Indonesia. The company operates in five segments: Construction Machinery, Mining Contracting, Thermal and Metallurgical Coal Mining, Gold and Other Mineral Mining, and Other segments. It also distributes heavy equipment, trucks, cranes, and buses under the Komatsu, UD Trucks, Scania, Bomag, Tadano, and United Tractors names for mining, agriculture, construction, forestry, material handling, and transportation applications; and offers after sale services. In addition, it sells and leases farm tractors, generators, forklifts, and mini excavators, as well as sells commodity parts. Further, the company offers mining services that supports coal companies, such as mining design and implementation, initial assessment and feasibility study, mining infrastructure and facilities development, land removal and waste management, production and transportation of mining materials, expansion of mine/facility, reclamation and re-vegetation, and shipping and marketing; and technical and construction services for building, civil, and maritime work, as well as owns interests in various coal mine concessions. Additionally, it engages in the engineering, planning, assembling, and manufacturing components of machinery, tools, parts, and heavy equipment; provision of vessel construction and related repair services; provision of vessel charter and shipping; exploration, mining, and mineral processing of gold and silver; ship manufacturing, construction, and repair business; fishery business; remanufacturing of heavy equipment components; operating hydro and solar power plants; and trading and rental of used heavy equipment, as well as trades in spare parts. The company was founded in 1972 and is headquartered in Jakarta Timur, Indonesia. PT United Tractors Tbk is a subsidiary of PT Astra International Tbk.
Stock analysis
United Tractors Tbk PT ADR (PUTKY) currently trades at $29.24, while our model-based Fair Value estimate is $80.40, implying the stock looks roughly 63.6% undervalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of $96.06 per share, and 23 of the 24 models we run sit above the $29.24 price.
Bear case: the Asset-Based group reads lowest at $20.81, and 1 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: $60.30 (bear) to $100.50 (bull), the price of $29.24 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 57/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
United Tractors Tbk PT ADR reported revenue of 132T IDR in FY2025 versus 79.5T IDR in FY2021, a compound +13.6%/yr. Reported net income was 14.9T IDR in FY2025, compounding +9.8%/yr from FY2021.
Key figures
Market cap $5.3B · P/E ratio 7.7 · P/S ratio 0.87 · EPS (TTM) $3.81 · Dividend yield 7.5% · Net margin 11.3% · Return on equity 12.3% · Return on assets (EBIT) 16.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 20% below its 52-week high and 27% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at 175%, PUTKY screens cheaper than that median.
Fair Value models
Bear $60.30Fair Value $80.40Bull $100.50
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 ($2.88 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.89/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−1.5%
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.
+2.3%
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.
+17.0%
Start year 2020 (pandemic). Over 10 years: +10.4% a year
Revenue growth 20 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.
+12.2%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
+15.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+8.4%
Dividend (yield on the price)7.5%
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.8.4% vs 11.9%, 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.13% → 17%
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).
−11.6%
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.
+5.7%
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 −13.9% a year for the price and +3.0% for the forecasts.
Compare United Tractors Tbk PT ADR with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Other Industrial Metals & Mining · 354 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score57 · Top 25%
Fair Value upside+87.9% · Top 25%
Profitability
Return on equity (TTM)12.3% · Top 25%
Return on assets6.4% · Top 25%
Net margin (TTM)9.8% · Above median
Operating margin (TTM)0.0% · Below median
Growth and dividend
Revenue growth−16.7% · Bottom 25%
Dividend yield (TTM)7.5% · Top 25%
Balance sheet
Debt / equity0.07× · Below median
Valuation Multiplesvs Other Industrial Metals & Mining 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.
Is United Tractors Tbk PT (PUTKY) overvalued or undervalued?
As of Sep 28, 2026, our model estimates a fair value of $80.40 versus a price of $29.24, about +175% upside (undervalued).
What is the fair value of PUTKY?
Our model-based fair value for United Tractors Tbk PT ADR is $80.40 (as of Sep 28, 2026), built from audited fundamentals. The current price: $29.24.
What is the quality score of PUTKY?
United Tractors Tbk PT ADR has a Quality Score of 57/100. 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 United Tractors Tbk PT (PUTKY)?
Our model-based price target is the fair value of $80.40 (as of Sep 28, 2026) from 24 valuation models. Cautious scenario $60.30, optimistic scenario $100.50. It is a calculation from audited fundamentals, not an analyst target.
What is the United Tractors Tbk PT ADR stock forecast for 2026?
Our models put fair value at $80.40, about +175% upside versus a price of $29.24 (undervalued). Cautious scenario $60.30, optimistic scenario $100.50. The calculation is refreshed regularly with new filings.
What is the revenue of United Tractors Tbk PT (PUTKY)?
United Tractors Tbk PT ADR reported trailing-twelve-month revenue of about 135T IDR (latest available figure, as of Sep 28, 2026).
Does United Tractors Tbk PT ADR pay a dividend?
United Tractors Tbk PT ADR currently shows a dividend yield of about 7.50% relative to its recent price (as of Sep 28, 2026).
What growth is priced into United Tractors Tbk PT (PUTKY)?
For today's price to be fair in a discounted-cash-flow model, United Tractors Tbk PT ADR would have to grow free cash flow by -11.6 % per year for five years (discount rate 9.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +17.0 % per year. As of Sep 28, 2026.
What discount rate (WACC) does the fair value of PUTKY use?
Our models discount United Tractors Tbk PT ADR at 9.7 %: a base by market capitalisation (mid), 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 United Tractors Tbk PT ADR that is -11.6 % per year a year over ten years, using the same discount rate (9.7 %) and the same formula as our fair value.
How much growth has United Tractors Tbk PT (PUTKY) delivered so far?
Over the past 5 years revenue at United Tractors Tbk PT ADR grew +17.0 % a year. The price currently implies -11.6 % 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 United Tractors Tbk PT (PUTKY) growing?
The median revenue growth in the sector is +7.6 % a year. That is the yardstick for the growth priced into United Tractors Tbk PT ADR (-11.6 % 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 United Tractors Tbk PT (PUTKY)?
The free-cash-flow yield on the price is 14.55 %: that much free cash flow United Tractors Tbk PT ADR produces per unit of market value. When it exceeds the discount rate of our models (9.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of United Tractors Tbk PT (PUTKY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For United Tractors Tbk PT ADR it is $80.40 per share (as of Sep 28, 2026), against a price of $29.24. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is United Tractors Tbk PT ADR stock overvalued or undervalued in 2026?
As of Sep 28, 2026, PUTKY trades below its calculated fair value: price $29.24, fair value $80.40, a gap of about +175% (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 PUTKY?
No. The price is what the market pays today ($29.24); the fair value is what the company's own numbers justify ($80.40). For United Tractors Tbk PT ADR the two are $51.16 per share apart. That gap is exactly why we show both numbers side by side.
How much is United Tractors Tbk PT ADR worth?
The market values United Tractors Tbk PT ADR at about $5.3B (market capitalisation, as of Sep 28, 2026). Per share that is $29.24; our models calculate a fair value of $80.40 per share.
What do the bullish and bearish scenarios say about PUTKY?
Our models span a range for United Tractors Tbk PT ADR: cautious scenario $60.30, base $80.40, optimistic $100.50 per share (as of Sep 28, 2026, price $29.24). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PUTKY?
United Tractors Tbk PT ADR trades at a price-to-earnings ratio of 7.7 (as of Sep 28, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $80.40 is built from several models across several years. Other multiples: P/B 1.0, P/S 0.7, EV/EBITDA 2.6.
How solid is the balance sheet of United Tractors Tbk PT (PUTKY)?
Balance-sheet figures for United Tractors Tbk PT ADR (as of Sep 28, 2026): return on equity 12.3%, debt of 0.07 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is PUTKY from its 52-week high?
United Tractors Tbk PT ADR trades at $29.24, about 20% below its 52-week high of $36.41 and 27% above the low of $22.97 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $80.40 is for.
Which stocks are comparable to United Tractors Tbk PT ADR?
From the same area (Basic Materials) we also value Saudi Arabian Mining Company, CMOC Group, Hindustan Zinc Limited, China Tungsten And Hightech Materials Co, 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 United Tractors Tbk PT ADR stock attractive at the current price?
The data as of Sep 28, 2026: price $29.24, calculated fair value $80.40 (+175%), Quality Score 57/100, from 24 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 PUTKY calculated?
We run United Tractors Tbk PT ADR through 24 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 $80.40, 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. United Tractors Tbk PT ADR currently trades 64 % 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 United Tractors Tbk PT (PUTKY)?
The closing price on Oct 2, 2026 was $29.24. Our model-based fair value is $80.40, about +175% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with United Tractors Tbk PT ADR right now?
The price is below even our cautious bear case ($60.30). The market is more pessimistic than our downside scenario. Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of United Tractors Tbk PT (PUTKY) come from?
Earnings per share at United Tractors Tbk PT ADR grew +16.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +11.9 %, EBIT margin +2.0 %, tax rate +0.2 %, residual (interest, one-offs) +1.9 %. 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 United Tractors Tbk PT ADR
How large is the market capitalisation of United Tractors Tbk PT (PUTKY)?
The market capitalisation of United Tractors Tbk PT ADR is $5.3B. 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 United Tractors Tbk PT (PUTKY)?
The price-to-sales ratio of United Tractors Tbk PT ADR is 0.87 (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 United Tractors Tbk PT (PUTKY)?
Earnings per share at United Tractors Tbk PT ADR are $3.81 (price ÷ EPS = P/E 7.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of United Tractors Tbk PT (PUTKY)?
The dividend yield of United Tractors Tbk PT ADR is 7.5% (payout 57.6%). 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 United Tractors Tbk PT (PUTKY)?
The net margin of United Tractors Tbk PT ADR is 11.3% (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 United Tractors Tbk PT (PUTKY)?
The return on equity (ROE) of United Tractors Tbk PT ADR is 12.3% (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 United Tractors Tbk PT (PUTKY)?
On an EBIT basis the return on assets of United Tractors Tbk PT ADR is 16.5% (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 United Tractors Tbk PT (PUTKY)?
Revenue at United Tractors Tbk PT ADR is growing −16.7% versus a year earlier (3y avg +2.3%). 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 United Tractors Tbk PT (PUTKY)?
Earnings per share at United Tractors Tbk PT ADR are growing −79.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does United Tractors Tbk PT (PUTKY) hold?
United Tractors Tbk PT ADR holds more cash than debt, 7.7T IDR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch United Tractors Tbk PT ADR in the live analysis
One click puts United Tractors Tbk PT ADR on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Some data
Sep 28, 2026