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PT Nippon Indosari Corpindo Tbk, (ROTI) Fair Value & Analysis

Consumer Defensive · ID · Market cap 3.5T IDR

PN PT Nippon Indosari Corpindo Tbk, ROTI · JK
Price590.00 IDR
Fair Value927.58 IDR
Upside+57.2%
Quality66/100
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Mixed Growth
Thin margins · 6.3% net margin
Low debt · generates free cash flow
Mixed vs. peers (8/14)
Narrow moat 41/100
Evidence: High Range 594.35 IDR – 1,207 IDR Share as image

Fair value as of: Jul 19, 2026

From 26 valuation models · updated 22 days ago

Share price −1.7% over the past month.

A solid business, screening 57% undervalued on our models.

What matters now

  • Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (594.35 IDR to 1,207 IDR) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

1,155 IDR 505.00 IDR Fair Value 927.58 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 505.00 IDR – 1,155 IDR · fair‑value band 594.35 IDR – 1,207 IDR · the 590.00 IDR price screens below the 927.58 IDR fair value. Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

PT Nippon Indosari Corpindo Tbk, (ROTI) currently trades at 590.00 IDR, while our model-based Fair Value estimate is 927.58 IDR, implying the stock looks roughly 57.2% undervalued today. The Quality Score stands at 66/100 (solid quality), in the Consumer Defensive 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: high), always confirm before acting.

Over the trailing twelve months, PT Nippon Indosari Corpindo Tbk, generated revenue of 3.8T IDR at a net margin of 6.3%. Revenue grew 1.3% year over year. It earns a return on equity of 10.9%. Net debt stands at 376B IDR. Fundamentals as of Jul 19, 2026

Our scenario range runs from 594.35 IDR (bear case) to 1,207 IDR (bull case); at 590.00 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 22% 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 Defensive peers we cover trades at -3% fair-value upside, at 57%, ROTI 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 587.10 IDR 904.15 IDR 1,380 IDR 80
Residual Income 348.68 IDR 413.40 IDR 722.74 IDR 76
Rev-Margin DCF 555.44 IDR 910.96 IDR 1,317 IDR 74
All 26 models by family
DCF Models
FCF DCF 573.67 IDR 927.58 IDR 1,491 IDR 38
Owner Earnings 701.57 IDR 1,130 IDR 1,813 IDR 31
5Y Revenue Exit 555.44 IDR 910.62 IDR 1,362 IDR 39
5Y EBITDA Exit 761.70 IDR 1,295 IDR 1,916 IDR 41
5Y P/E Exit 599.74 IDR 993.17 IDR 1,403 IDR 38
10Y Revenue Exit 537.27 IDR 867.79 IDR 1,308 IDR 36
10Y EBITDA Exit 690.78 IDR 1,140 IDR 1,739 IDR 37
10Y P/E Exit 585.34 IDR 926.31 IDR 1,340 IDR 35
Earnings-Based
Graham-Dodd 312.67 IDR 952.23 IDR 1,264 IDR 54
Lynch FV 204.06 IDR 291.52 IDR 378.97 IDR 50
PEG = 1.0 204.06 IDR 291.52 IDR 378.97 IDR 46
EPV 498.06 IDR 591.55 IDR 674.66 IDR 59
Dividend Discount
Gordon GGM 769.87 IDR 1,681 IDR 2,828 IDR 70
DDM Multi-Stage 769.87 IDR 1,286 IDR 1,752 IDR 61
Multiples
P/E Multiple 724.20 IDR 965.60 IDR 1,207 IDR 63
P/S Multiple 586.25 IDR 781.67 IDR 977.09 IDR 58
P/B Multiple 586.25 IDR 781.67 IDR 977.09 IDR 55
EV/EBIT 817.32 IDR 1,100 IDR 1,383 IDR 53
EV/EBITDA 966.38 IDR 1,299 IDR 1,632 IDR 54
EV/Revenue 574.25 IDR 833.96 IDR 1,094 IDR 43
Asset-Based
NCAV (Graham) 181.51 IDR 243.22 IDR 363.02 IDR 50
Growth DCF
Growth DCF 587.10 IDR 904.15 IDR 1,380 IDR 80
Rev-Margin DCF 555.44 IDR 910.96 IDR 1,317 IDR 74
Economic Profit
Residual Income 348.68 IDR 413.40 IDR 722.74 IDR 76
ROIC Compounder 527.83 IDR 690.96 IDR 895.48 IDR 72
Growth Earnings
Growth-Adj P/E 594.35 IDR 849.08 IDR 1,104 IDR 68

Widest divergence: Dividend Discount (1,286 IDR) versus Asset-Based (243.22 IDR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 3.8T IDR
Revenue growth (YoY) +1.3%
Net margin 6.3%
Return on equity 10.9%
Free cash flow 286B IDR FY2025
P/E ratio 13.1
More key figures
Operating margin 1.5%
EPS (TTM) 42.13 IDR
EPS growth (YoY) -90.5%
Net debt 376B IDR FY2025

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

Quality Score breakdown

Overall quality 66/100

Of which business quality 65 · Market factors (momentum, volatility) 47

Profitability 63
Margins and returns on capital today
Quality Growth 31
Are margins and returns improving?
Cashflow 54
Earnings quality: real cash, not paper profit
Fin. Strength 67
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 95
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 25
Distance to the 52-week high (market factor)
Net Issuance 91
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 Nippon Indosari Corpindo Tbk, together with its subsidiaries, produces and distributes breads in Indonesia. The company offers white and sweet breads, cakes, and chocolates, as well as milk and jam under the Sari Roti, Sari Kue, and Sari Choco brand names.

Full company description

PT Nippon Indosari Corpindo Tbk, together with its subsidiaries, produces and distributes breads in Indonesia. The company offers white and sweet breads, cakes, and chocolates, as well as milk and jam under the Sari Roti, Sari Kue, and Sari Choco brand names. It also engages in the processing of dairy products, fruits, vegetables, juices, and soft drinks; and wholesale of bakery products, non-alcohol beverages, non-dairy, milk and dairy products, food from chocolate, and confectionary of chocolate. The company was formerly known as PT Nippon Indosari Corporation and changed its name to PT Nippon Indosari Corpindo Tbk in September 2003. PT Nippon Indosari Corpindo Tbk was founded in 1995 and is headquartered in Bekasi, Indonesia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Nippon Indosari Corpindo Tbk, reported revenue of 3.8T IDR in FY2025 versus 3.3T IDR in FY2021, a compound +3.4%/yr. Reported net income was 259B IDR in FY2025, compounding −2.3%/yr from FY2021.

Growth Quality 53/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
3.8T IDR
Latest YoY
−4.4%
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.
−1.5%
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.
+3.2%
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.
+13.6%
Revenue +3.4%/yr
FY21 3.3T IDR
FY22 3.9T IDR
FY23 3.8T IDR
FY24 3.9T IDR
FY25 3.8T IDR
Net income −2.3%/yr
FY21 284B IDR
FY22 432B IDR
FY23 333B IDR
FY24 363B IDR
FY25 259B IDR
Character of growth · EPS growth decomposed (2014-2025) +1.6 % p.a.
Revenue per share +5.1 pp

of which total revenue +6.4 pp · buybacks/dilution −1.4 pp

EBIT margin −4.6 pp
Tax rate +0.5 pp
Residual (interest, one-offs) +0.5 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 Nippon Indosari Corpindo Tbk, Fair Value". https://www.fairvalue-calculator.com/stock/ROTI

Peer Group

Packaged Foods · 649 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 66 · Top 25%
Fair Value upside +57% · Top 25%
Return on equity (TTM) 11% · Above median
Return on assets 6% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 2% · Bottom 25%
Revenue growth 1% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.22× · Higher than median

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 14.6× · Cheaper than median
P/B 1.69× · Pricier than median
P/S (TTM) 0.92× · Pricier than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 6.8× · Cheaper 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 100 · sector 28
FUTURE 7 · sector 20
PAST 43 · sector 27
HEALTH 89 · sector 96
DIVIDEND 0 · sector 47

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

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,427 ₹362.37 -75%
Britannia Industries Limited BRITANNIA ₹5,413 ₹1,870 -65%
Tata Consumer Products Limited TATACONSUM ₹1,089 ₹327.27 -70%
PT Indofood CBP Sukses Makmur Tbk ICBP 6,650 IDR 15,757 IDR +137%
Samyang Foods Co 003230 1,139,000 KRW 1,010,543 KRW -11%
Patanjali Foods Limited PATANJALI ₹413.80 ₹157.04 -62%
Vietnam Dairy Products Joint Stock Company VNM 58,500 VND 68,259 VND +17%
PT Mayora Indah Tbk, MYOR 1,750 IDR 2,699 IDR +54%
PT Cisarua Mountain Dairy Tbk CMRY 4,490 IDR 4,355 IDR -3%
Nongshim Co 004370 348,500 KRW 530,619 KRW +52%

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Frequently asked questions

Is PT Nippon Indosari Corpindo Tbk, (ROTI) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 927.58 IDR versus a price of 590.00 IDR, about +57% (undervalued).
What is the fair value of ROTI?
Our model-based fair value for PT Nippon Indosari Corpindo Tbk, is 927.58 IDR (as of Jul 19, 2026), built from audited fundamentals. The current price is 590.00 IDR.
What is the quality score of ROTI?
PT Nippon Indosari Corpindo Tbk, has a Quality Score of 66/100. 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 Nippon Indosari Corpindo Tbk, (ROTI)?
PT Nippon Indosari Corpindo Tbk, reported trailing-twelve-month revenue of about 3.8T IDR (latest available figure, as of Jul 19, 2026).
What is the net profit margin of ROTI?
The net profit margin of PT Nippon Indosari Corpindo Tbk, is about 6.3%, meaning it keeps roughly 6.3% 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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