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PT Industri Jamu dan Farmasi Sido Muncul Tbk (SIDO) Fair Value & Analysis

Consumer Defensive · ID · Market cap 11.2T IDR

PI PT Industri Jamu dan Farmasi Sido Muncul Tbk SIDO · JK
Price352.00 IDR
Fair Value742.91 IDR
Upside+111.1%
Quality91/100
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Healthy Growth
Highly profitable · 29.1% net margin
generates free cash flow
9.89% dividend yield
Ranks above peers (10/14)
Wide moat 85/100
Evidence: High Range 493.31 IDR – 986.35 IDR Share as image

Fair value as of: Jul 11, 2026

From 26 valuation models · updated 29 days ago

Share price −5.9% over the past month.

A strong business, screening 111% undervalued on our models.

What matters now

  • The rarer combination: high quality (91/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (493.31 IDR). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (493.31 IDR to 986.35 IDR) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

808.04 IDR 352.00 IDR Fair Value 742.91 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.

How to read this chart

60‑month range 352.00 IDR – 808.04 IDR · fair‑value band 493.31 IDR – 986.35 IDR · the 352.00 IDR price screens below the 742.91 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 11, 2026.

Full chart & analysis →

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Analysis

PT Industri Jamu dan Farmasi Sido Muncul Tbk (SIDO) currently trades at 352.00 IDR, while our model-based Fair Value estimate is 742.91 IDR, implying the stock looks roughly 111.1% undervalued today. The Quality Score stands at 91/100 (high 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 Industri Jamu dan Farmasi Sido Muncul Tbk generated revenue of 3.9T IDR at a net margin of 29.1%. Revenue declined 18.8% year over year. It earns a return on equity of 32.8%. The balance sheet holds a net cash position of 458B IDR. Fundamentals as of Jul 11, 2026

Our scenario range runs from 493.31 IDR (bear case) to 986.35 IDR (bull case); at 352.00 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 36% below its 52-week high and 1% 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 111%, SIDO 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 BearBaseBull Evidence
Highest evidence
Residual Income 249.26 IDR 294.73 IDR 1,136 IDR 76
Growth DCF 505.02 IDR 747.57 IDR 1,108 IDR 72
Gordon GGM 416.69 IDR 909.69 IDR 1,531 IDR 70
All 26 models by family
DCF Models
FCF DCF 493.31 IDR 761.66 IDR 1,184 IDR 38
Owner Earnings 533.09 IDR 823.80 IDR 1,281 IDR 31
5Y Revenue Exit 268.86 IDR 364.15 IDR 478.74 IDR 39
5Y EBITDA Exit 497.52 IDR 786.23 IDR 1,118 IDR 41
5Y P/E Exit 563.39 IDR 907.80 IDR 1,264 IDR 38
10Y Revenue Exit 338.94 IDR 444.24 IDR 573.29 IDR 36
10Y EBITDA Exit 491.82 IDR 741.91 IDR 1,066 IDR 37
10Y P/E Exit 534.54 IDR 827.65 IDR 1,179 IDR 35
Earnings-Based
Graham-Dodd 283.97 IDR 823.98 IDR 1,088 IDR 54
Lynch FV 170.71 IDR 243.88 IDR 317.04 IDR 50
PEG = 1.0 170.71 IDR 243.88 IDR 317.04 IDR 46
EPV 415.89 IDR 486.51 IDR 549.28 IDR 59
Dividend Discount
Gordon GGM 416.69 IDR 909.69 IDR 1,531 IDR 70
DDM Multi-Stage 416.69 IDR 681.45 IDR 948.05 IDR 61
Multiples
P/E Multiple 657.71 IDR 876.95 IDR 1,096 IDR 63
P/S Multiple 166.32 IDR 221.76 IDR 277.20 IDR 58
P/B Multiple 437.29 IDR 583.06 IDR 728.82 IDR 55
EV/EBIT 675.47 IDR 895.39 IDR 1,115 IDR 53
EV/EBITDA 561.22 IDR 743.05 IDR 924.89 IDR 54
EV/Revenue 161.24 IDR 223.61 IDR 285.98 IDR 43
Asset-Based
NCAV (Graham) 53.01 IDR 71.03 IDR 106.01 IDR 50
Growth DCF
Growth DCF 505.02 IDR 747.57 IDR 1,108 IDR 72
Rev-Margin DCF 268.86 IDR 370.70 IDR 488.26 IDR 67
Economic Profit
Residual Income 249.26 IDR 294.73 IDR 1,136 IDR 76
ROIC Compounder 434.95 IDR 532.68 IDR 636.90 IDR 67
Growth Earnings
Growth-Adj P/E 531.11 IDR 758.73 IDR 986.35 IDR 68

Widest divergence: DCF Models (761.66 IDR) versus Asset-Based (71.03 IDR). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 3.9T IDR
Revenue growth (YoY) -18.8%
Net margin 29.1%
Return on equity 32.8%
Free cash flow 1.2T IDR FY2025
P/E ratio 9.8
More key figures
Operating margin 27.5%
EPS (TTM) 38.63 IDR
Dividend yield 9.9%
EPS growth (YoY) -35.0%
Net cash 458B IDR FY2025

Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 91/100

Of which business quality 87 · Market factors (momentum, volatility) 32

Profitability 97
Margins and returns on capital today
Quality Growth 64
Are margins and returns improving?
Cashflow 84
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 91
Calm price path (market factor)
Momentum 10
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 88
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 Industri Jamu dan Farmasi Sido Muncul Tbk provides herbal medicines, cosmetics, and foods and beverage products in Indonesia. The company operates through three segments: Herbal Medicine and Supplements; Food and Beverage; and Pharmacy.

Full company description

PT Industri Jamu dan Farmasi Sido Muncul Tbk provides herbal medicines, cosmetics, and foods and beverage products in Indonesia. The company operates through three segments: Herbal Medicine and Supplements; Food and Beverage; and Pharmacy. It also offers medicine products comprising ethical/prescriptions and OTCs; herbal products, such as traditional herbals, food and beverages, herbal medicines, supplements, vitamins, and mom, kids, and baby products; and powder and liquid herbal ingredients for ache and pain relief, antibiotics, anemia, anti-allergy, antioxidants, blood pressure, brain function, bone health, children's health, cold, flu, and cough, diabetes, digestion, energy and vitality, heart and cholesterol, immune system, joints and mobility, liver and detox, men's and skin health, sleep aids, tumor and cancer, weight management, women's health, and others. In addition, it is involved in commerce, land transportation, wastewater treatment, and plantation and printing activities. The company was founded in 1940 and is headquartered in Semarang, Indonesia. PT Industri Jamu dan Farmasi Sido Muncul Tbk is a subsidiary of PT Hotel Candi Baru.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Industri Jamu dan Farmasi Sido Muncul Tbk reported revenue of 4.1T IDR in FY2025 versus 4.0T IDR in FY2021, a compound +0.4%/yr. Reported net income was 1.2T IDR in FY2025, compounding −0.6%/yr from FY2021.

Growth Quality 77/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
4.1T IDR
Latest YoY
+4.1%
Avg. growth/yr (3Y)
+1.8%
Avg. growth/yr (5Y)
+4.1%
Avg. growth/yr (15Y)
+5.4%
Revenue +0.4%/yr
FY21 4.0T IDR
FY22 3.9T IDR
FY23 3.6T IDR
FY24 3.9T IDR
FY25 4.1T IDR
Net income −0.6%/yr
FY21 1.3T IDR
FY22 1.1T IDR
FY23 951B IDR
FY24 1.2T IDR
FY25 1.2T IDR

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Cite: Fair Value Calculator (2026). "PT Industri Jamu dan Farmasi Sido Muncul Tbk Fair Value". https://www.fairvalue-calculator.com/stock/SIDO

Peer Group

Packaged Foods · 653 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 91 · Top 25%
Fair Value upside +111% · Top 25%
Return on equity (TTM) 33% · Top 25%
Return on assets 23% · Top 25%
Net margin (TTM) 29% · Top 25%
Operating margin (TTM) 28% · Top 25%
Revenue growth -19% · Bottom 25%
Dividend yield (TTM) 9.9% · Top 25%

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 9.8× · Cheaper than 75% of peers
P/B 3.58× · Pricier than 75% of peers
P/S (TTM) 2.85× · Pricier than 75% of peers
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 6.9× · Cheaper than median
PEG 99.80× · Pricier 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 29
FUTURE 0 · sector 19
PAST 100 · sector 27
HEALTH 0 · sector 96
DIVIDEND 100 · 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 11, 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 Industri Jamu dan Farmasi Sido Muncul Tbk (SIDO) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of 742.91 IDR versus a price of 352.00 IDR, about +111% (undervalued).
What is the fair value of SIDO?
Our model-based fair value for PT Industri Jamu dan Farmasi Sido Muncul Tbk is 742.91 IDR (as of Jul 11, 2026), built from audited fundamentals. The current price is 352.00 IDR.
What is the quality score of SIDO?
PT Industri Jamu dan Farmasi Sido Muncul Tbk has a Quality Score of 91/100. 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 Industri Jamu dan Farmasi Sido Muncul Tbk (SIDO)?
PT Industri Jamu dan Farmasi Sido Muncul Tbk reported trailing-twelve-month revenue of about 3.9T IDR (latest available figure, as of Jul 11, 2026).
What is the net profit margin of SIDO?
The net profit margin of PT Industri Jamu dan Farmasi Sido Muncul Tbk is about 29.1%, meaning it keeps roughly 29.1% of revenue as net income. Based on the latest reported figures.
Does PT Industri Jamu dan Farmasi Sido Muncul Tbk pay a dividend?
PT Industri Jamu dan Farmasi Sido Muncul Tbk currently shows a dividend yield of about 10.45% relative to its recent price (as of Jul 11, 2026).

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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