PT Kian Santang Muliatama Tbk (RGAS) Fair Value & Analysis
Energy · ID · Market cap 315B IDR
Fair value as of: Jul 20, 2026
From 20 valuation models · updated 21 days ago
Fair value updated Jul 20, 2026, revised from 254.09 IDR to 276.21 IDR (+8.7%) since Jul 19, 2026. Share price +19.8% over the past month.
A solid business, screening 14% undervalued on our models.
What matters now
- A fairly wide model range (177.92 IDR to 365.19 IDR) leaves room in how you read the outcome.
- Our model range runs from 177.92 IDR (bear) to 365.19 IDR (bull), base 276.21 IDR. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 73/100 (solid quality) with medium evidence: read the verdict with care.
Price vs Fair Value (3 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.
How to read this chart
33‑month range 61.34 IDR – 242.00 IDR · fair‑value band 177.92 IDR – 365.19 IDR · the 242.00 IDR price screens below the 276.21 IDR fair value. Dashed = 300-day average. As of Jul 20, 2026.
Analysis
PT Kian Santang Muliatama Tbk (RGAS) currently trades at 242.00 IDR, while our model-based Fair Value estimate is 276.21 IDR, implying the stock looks roughly 14.1% undervalued today. The Quality Score stands at 73/100 (solid quality), in the Energy 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 Kian Santang Muliatama Tbk generated revenue of 180B IDR at a net margin of 8.6%. Revenue declined 75.4% year over year. It earns a return on equity of 15.9%. Fundamentals as of Jul 20, 2026
Our scenario range runs from 177.92 IDR (bear case) to 365.19 IDR (bull case); at 242.00 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 near its 52-week high and 202% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -36% fair-value upside, at 14%, RGAS 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.
All 20 models by family
Widest divergence: DCF Models (628.02 IDR) versus Asset-Based (47.65 IDR). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 76 · Market factors (momentum, volatility) 85
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 Kian Santang Muliatama Tbk engages in the supply of spare parts to gas industry in Indonesia. It operates in two segments, Trading, and Constructions Service and Others.
Full company description
PT Kian Santang Muliatama Tbk engages in the supply of spare parts to gas industry in Indonesia. It operates in two segments, Trading, and Constructions Service and Others. It offers gas meters, converter kits, regulators, transition fitting, meter regulating stations, and regulating stations under the RMG, Tormene, Canalta, Honeywell, Dunyun, Ergas, Sejin Valve, and Rucika brands. The company also provides supporting services to the gas industry; and engineering, procurement, and construction services, including design and engineering, site installation, and testing and commissioning services, as well as infrastructure and fabrication works. In addition, it engages in the architectural and engineering, technical analysis and testing, human health, and certification, oil and gas installation, and laboratory testing services; and manufacturing industry, including plastic pipes, special metalworking services and metal goods, manual measuring and testing equipment, pumps, general machinery, and agricultural and forestry machinery. The company was founded in 2018 and is headquartered in Bekasi, Indonesia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2025 · reported fiscal years
PT Kian Santang Muliatama Tbk reported revenue of 273B IDR in FY2025 versus 42.6B IDR in FY2022, a compound +85.6%/yr. Reported net income was 15.9B IDR in FY2025, compounding +36.4%/yr from FY2022.
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Peer Group
Oil & Gas Equipment & Services · 191 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.
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.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Oil & Gas Equipment & Services stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| SLB N.V SLBN | 836.00 MXN | 533.97 MXN | -36% |
| Baker Hughes Company BKR | $55.95 | $33.55 | -40% |
| TechnipFMC plc FTI | $74.57 | $27.57 | -63% |
| Halliburton Company HAL | $35.22 | $21.50 | -39% |
| Tenaris S.A TS | $57.16 | $45.68 | -20% |
| Yantai Jereh Oilfield Services Group 002353 | ¥138.79 | ¥34.17 | -75% |
| Saipem SpA SPM | €4.20 | €2.72 | -35% |
| Subsea 7 S.A SUBC | kr 319.00 | kr 227.98 | -29% |
| China Oilfield Services Limited 601808 | ¥12.08 | ¥12.64 | +5% |
| Gaztransport & Technigaz SA GTT | €188.10 | €95.01 | -49% |
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Frequently asked questions
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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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