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PT Xolare RCR Energy TBK (SOLA) Fair Value & Analysis

Industrials · ID · Market cap 339B IDR

PX PT Xolare RCR Energy TBK SOLA · JK
Price93.00 IDR
Fair Value231.42 IDR
Upside+148.8%
Quality42/100
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Expensive Growth
Solidly profitable · 14.1% net margin
Low debt · negative free cash flow
Ranks above peers (7/9)
Wide moat 73/100
Evidence: High Range 173.16 IDR – 617.94 IDR Share as image

Fair value as of: Jul 16, 2026

From 17 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from 230.88 IDR to 231.42 IDR (+0.2%) since Jun 25, 2026. Share price −7.9% over the past month.

Below-average quality, screening 149% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (42/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (173.16 IDR). The market is more pessimistic than our downside scenario.
  • The model range is unusually wide (173.16 IDR to 617.94 IDR). The outcome hinges heavily on assumptions, so read the point estimate with caution.
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Price vs Fair Value (2 years)

250.92 IDR 30.87 IDR Fair Value 231.42 IDR May 2024 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

27‑month range 30.87 IDR – 250.92 IDR · fair‑value band 173.16 IDR – 617.94 IDR · the 93.00 IDR price screens below the 231.42 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

PT Xolare RCR Energy TBK (SOLA) currently trades at 93.00 IDR, while our model-based Fair Value estimate is 231.42 IDR, implying the stock looks roughly 148.8% undervalued today. The Quality Score stands at 42/100 (below-average quality), in the Industrials 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 Xolare RCR Energy TBK generated revenue of 394B IDR at a net margin of 14.1%. It earns a return on equity of 31.4%. Net debt stands at 42.6B IDR. Fundamentals as of Jul 16, 2026

Our scenario range runs from 173.16 IDR (bear case) to 617.94 IDR (bull case); at 93.00 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 55% below its 52-week high and 24% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at 149%, SOLA 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
Residual Income 103.23 IDR 151.54 IDR 1,262 IDR 76
ROIC Compounder 184.20 IDR 310.64 IDR 398.03 IDR 72
Gordon GGM 5.77 IDR 12.59 IDR 21.18 IDR 70
All 17 models by family
DCF Models
Owner Earnings 48.14 IDR 108.87 IDR 242.06 IDR 31
Earnings-Based
Graham-Dodd 92.35 IDR 644.05 IDR 903.83 IDR 54
Lynch FV 332.74 IDR 475.34 IDR 617.94 IDR 50
PEG = 1.0 332.74 IDR 475.34 IDR 617.94 IDR 46
EPV 131.58 IDR 154.28 IDR 174.46 IDR 59
Dividend Discount
Gordon GGM 5.77 IDR 12.59 IDR 21.18 IDR 70
DDM Multi-Stage 5.77 IDR 10.31 IDR 13.12 IDR 61
Multiples
P/E Multiple 203.72 IDR 271.62 IDR 339.53 IDR 63
P/S Multiple 173.16 IDR 230.88 IDR 288.60 IDR 58
P/B Multiple 131.71 IDR 175.62 IDR 219.52 IDR 55
EV/EBIT 210.61 IDR 279.84 IDR 349.07 IDR 53
EV/EBITDA 186.21 IDR 247.31 IDR 308.41 IDR 54
EV/Revenue 142.92 IDR 202.92 IDR 262.92 IDR 43
Asset-Based
NCAV (Graham) 29.27 IDR 39.22 IDR 58.54 IDR 50
Economic Profit
Residual Income 103.23 IDR 151.54 IDR 1,262 IDR 76
ROIC Compounder 184.20 IDR 310.64 IDR 398.03 IDR 72
Growth Earnings
Growth-Adj P/E 428.76 IDR 612.51 IDR 796.26 IDR 68

Widest divergence: Growth Earnings (612.51 IDR) versus Dividend Discount (10.31 IDR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 394B IDR
Revenue growth (YoY) +404%
Net margin 14.1%
Return on equity 31.4%
Free cash flow −16.4B IDR FY2025
Operating margin 17.5%
More key figures
EPS growth (YoY) +9,525%
Net debt 42.6B IDR FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 45 · Market factors (momentum, volatility) 20

Profitability 70
Margins and returns on capital today
Quality Growth 80
Are margins and returns improving?
Cashflow 13
Earnings quality: real cash, not paper profit
Fin. Strength 72
Balance sheet, leverage, solvency risk
Investment 11
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 8
Price trend over the last 3–12 months (market factor)
52W Momentum 7
Distance to the 52-week high (market factor)
Net Issuance 4
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 Xolare RCR Energy TBK engages in asphalt trading in Indonesia. It operates through two segments, Asphalt and Construction.

Full company description

PT Xolare RCR Energy TBK engages in asphalt trading in Indonesia. It operates through two segments, Asphalt and Construction. The company distributes penetration grade asphalt/bitumen under the XOLABIT brand name; and offers customized solutions for various types of emulsified asphalt, polymer modified asphalt, natural rubber modified asphalt, coldmix, waterproofing, and asphalt paint. It also offers engineering, procurement, and construction services for gas steam, biomass, and solar PV power plants; installation, testing, and commissioning services; construction services for switchyard and substations, industrial buildings, and pipelines; and mechanical and electrical construction services, as well constructs and supplies gas, oil, and biomass fired boilers; and heat recovery steam generators. In addition, the company is involved in asphalt processing; and construction of civil road infrastructure. The company was formerly known as PT. RCR Energy Indonesia and changed its name to PT Xolare RCR Energy TBK in January 2022. The company was founded in 2014 and is headquartered in Jakarta Selatan, Indonesia. PT Xolare RCR Energy TBK operates as a subsidiary of PT Energi Hijau Investama.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Xolare RCR Energy TBK reported revenue of 334B IDR in FY2025 versus 94.6B IDR in FY2021, a compound +37.1%/yr. Reported net income was 44.6B IDR in FY2025, compounding +29.9%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
334B IDR
Latest YoY
+180.5%
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.
+54.4%
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.
+37.9%
Revenue +37.1%/yr
FY21 94.6B IDR
FY22 90.8B IDR
FY23 83.2B IDR
FY24 119B IDR
FY25 334B IDR
Net income +29.9%/yr
FY21 15.7B IDR
FY22 24.6B IDR
FY23 6.0B IDR
FY24 6.7B IDR
FY25 44.6B IDR

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Cite: Fair Value Calculator (2026). "PT Xolare RCR Energy TBK Fair Value". https://www.fairvalue-calculator.com/stock/SOLA

Peer Group

Engineering & Construction · 839 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 42 · Below median
Fair Value upside +149% · Top 25%
Return on equity (TTM) 31% · Top 25%
Return on assets 15% · Top 25%
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 17% · Top 25%
Revenue growth 404% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.04× · Lower 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 16
FUTURE 100 · sector 17
PAST 100 · sector 26
HEALTH 98 · sector 94
DIVIDEND 0 · sector 33

Insider activity: 30/100

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 Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹3,815 ₹1,994 -48%
Samsung C&T Corporation 028260 346,000 KRW 268,779 KRW -22%
Hyundai Engineering & Construction Co 000720 99,000 KRW 63,993 KRW -35%
United Integrated Services Co 2404 1,250 TWD 925.62 TWD -26%
Samsung E&A Co 028050 42,550 KRW 44,840 KRW +5%
Rail Vikas Nigam Limited RVNL ₹232.67 ₹61.46 -74%
Daewoo Engineering & Construction Co 047040 16,240 KRW 6,507 KRW -60%
NBCC (India) Limited NBCC ₹96.32 ₹48.22 -50%
Cemindia Projects Limited CEMPRO ₹1,330 ₹730.69 -45%
KEPCO Engineering & Construction Company 052690 92,700 KRW 20,172 KRW -78%

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Frequently asked questions

Is PT Xolare RCR Energy TBK (SOLA) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 231.42 IDR versus a price of 93.00 IDR, about +149% (undervalued).
What is the fair value of SOLA?
Our model-based fair value for PT Xolare RCR Energy TBK is 231.42 IDR (as of Jul 16, 2026), built from audited fundamentals. The current price is 93.00 IDR.
What is the quality score of SOLA?
PT Xolare RCR Energy TBK has a Quality Score of 42/100. 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 Xolare RCR Energy TBK (SOLA)?
PT Xolare RCR Energy TBK reported trailing-twelve-month revenue of about 394B IDR (latest available figure, as of Jul 16, 2026).
What is the net profit margin of SOLA?
The net profit margin of PT Xolare RCR Energy TBK is about 14.1%, meaning it keeps roughly 14.1% 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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