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PT Siantar Top Tbk, (STTP) Fair Value & Analysis

Consumer Defensive · ID · Market cap 13.5T IDR

PS PT Siantar Top Tbk, STTP · JK
Price9,750 IDR
Fair Value15,316 IDR
Upside+57.1%
Quality66/100
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Healthy Growth
Highly profitable · 21.6% net margin
Low debt · generates free cash flow
Ranks above peers (9/13)
Wide moat 71/100
Evidence: High Range 11,597 IDR – 20,145 IDR Share as image

Fair value as of: Jul 12, 2026

From 26 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from 17,255 IDR to 15,316 IDR (−11.2%) since Jun 24, 2026. Share price −5.6% over the past month.

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

What matters now

  • The price is below even our cautious bear case (11,597 IDR). The market is more pessimistic than our downside scenario.
  • Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

16,425 IDR 6,500 IDR Fair Value 15,316 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range 6,500 IDR – 16,425 IDR · fair‑value band 11,597 IDR – 20,145 IDR · the 9,750 IDR price screens below the 15,316 IDR fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

PT Siantar Top Tbk, (STTP) currently trades at 9,750 IDR, while our model-based Fair Value estimate is 15,316 IDR, implying the stock looks roughly 57.1% 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 Siantar Top Tbk, generated revenue of 5.2T IDR at a net margin of 21.6%. Revenue declined 3.9% year over year. It earns a return on equity of 16.0%. The balance sheet holds a net cash position of 3.5T IDR. Fundamentals as of Jul 12, 2026

Our scenario range runs from 11,597 IDR (bear case) to 20,145 IDR (bull case); at 9,750 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 17% below its 52-week high and 5% 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%, STTP 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
Growth DCF 15,299 IDR 24,521 IDR 40,606 IDR 80
Residual Income 6,256 IDR 8,591 IDR 34,279 IDR 76
Rev-Margin DCF 9,434 IDR 12,936 IDR 17,319 IDR 74
All 26 models by family
DCF Models
FCF DCF 15,233 IDR 24,762 IDR 41,322 IDR 38
Owner Earnings 14,642 IDR 23,725 IDR 39,508 IDR 31
5Y Revenue Exit 9,434 IDR 12,856 IDR 17,200 IDR 39
5Y EBITDA Exit 12,214 IDR 18,391 IDR 25,840 IDR 41
5Y P/E Exit 15,473 IDR 24,876 IDR 35,301 IDR 38
10Y Revenue Exit 11,116 IDR 14,942 IDR 20,200 IDR 36
10Y EBITDA Exit 13,119 IDR 19,009 IDR 27,355 IDR 37
10Y P/E Exit 15,297 IDR 23,776 IDR 35,189 IDR 35
Earnings-Based
Graham-Dodd 6,126 IDR 24,948 IDR 33,959 IDR 54
Lynch FV 6,250 IDR 8,928 IDR 11,607 IDR 50
PEG = 1.0 6,250 IDR 8,928 IDR 11,607 IDR 46
EPV 9,396 IDR 10,589 IDR 11,649 IDR 59
Dividend Discount
Gordon GGM 734.32 IDR 1,603 IDR 2,697 IDR 70
DDM Multi-Stage 734.32 IDR 1,313 IDR 1,671 IDR 61
Multiples
P/E Multiple 14,190 IDR 18,920 IDR 23,650 IDR 63
P/S Multiple 4,796 IDR 6,395 IDR 7,994 IDR 58
P/B Multiple 11,487 IDR 15,316 IDR 19,145 IDR 55
EV/EBIT 13,600 IDR 17,255 IDR 20,909 IDR 53
EV/EBITDA 11,597 IDR 14,583 IDR 17,570 IDR 54
EV/Revenue 6,834 IDR 8,633 IDR 10,431 IDR 43
Asset-Based
NCAV (Graham) 2,783 IDR 3,729 IDR 5,566 IDR 50
Growth DCF
Growth DCF 15,299 IDR 24,521 IDR 40,606 IDR 80
Rev-Margin DCF 9,434 IDR 12,936 IDR 17,319 IDR 74
Economic Profit
Residual Income 6,256 IDR 8,591 IDR 34,279 IDR 76
ROIC Compounder 10,219 IDR 12,756 IDR 16,003 IDR 72
Growth Earnings
Growth-Adj P/E 10,847 IDR 15,496 IDR 20,145 IDR 68

Widest divergence: DCF Models (19,009 IDR) versus Dividend Discount (1,313 IDR). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 5.2T IDR
Revenue growth (YoY) -3.9%
Net margin 21.6%
Return on equity 16.0%
Free cash flow 1.3T IDR FY2025
P/E ratio 12.0
More key figures
Operating margin 23.2%
EPS (TTM) 854.90 IDR
EPS growth (YoY) -20.0%
Net cash 3.5T IDR FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 68 · Market factors (momentum, volatility) 46

Profitability 64
Margins and returns on capital today
Quality Growth 19
Are margins and returns improving?
Cashflow 81
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 78
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 24
Distance to the 52-week high (market factor)
Net Issuance 82
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 Siantar Top Tbk, together with its subsidiaries, manufactures and sells snacks in Indonesia. The company operates through Food Processing and Others segments. It offers rice, candies, coffee, crackers, instant noodles and snack noodles, pellets, vermicelli, biscuits, and wafers, as well as flour and seasoning products.

Full company description

PT Siantar Top Tbk, together with its subsidiaries, manufactures and sells snacks in Indonesia. The company operates through Food Processing and Others segments. It offers rice, candies, coffee, crackers, instant noodles and snack noodles, pellets, vermicelli, biscuits, and wafers, as well as flour and seasoning products. The company provides its products under the Twistko, Tic Tic, Spix, Go Potato, Go!, Goriorio, Boyki, My Choco, Gemez Enaak, O'krimer, Maestro, Jaya Mie, Gemez, and Suki brand names. It also exports its products to Asia and the Middle East. The company was founded in 1972 and is based in Sidoarjo, Indonesia. PT Siantar Top Tbk operates as a subsidiary of PT Shindo Tiara Tunggal.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Siantar Top Tbk, reported revenue of 5.2T IDR in FY2025 versus 4.2T IDR in FY2021, a compound +5.4%/yr. Reported net income was 1.2T IDR in FY2025, compounding +17.6%/yr from FY2021.

Growth Quality 82/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
5.2T IDR
Latest YoY
+5.6%
Avg. growth/yr (3Y)
+2.0%
Avg. growth/yr (5Y)
+6.4%
Avg. growth/yr (23Y)
+9.7%
Revenue +5.4%/yr
FY21 4.2T IDR
FY22 4.9T IDR
FY23 4.8T IDR
FY24 5.0T IDR
FY25 5.2T IDR
Net income +17.6%/yr
FY21 618B IDR
FY22 624B IDR
FY23 918B IDR
FY24 1.3T IDR
FY25 1.2T IDR

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Cite: Fair Value Calculator (2026). "PT Siantar Top Tbk, Fair Value". https://www.fairvalue-calculator.com/stock/STTP

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 66 · Top 25%
Fair Value upside +57% · Top 25%
Return on equity (TTM) 16% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 22% · Top 25%
Operating margin (TTM) 23% · Top 25%
Revenue growth -4% · Bottom 25%

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 12.0× · Cheaper than median
P/B 1.85× · Pricier than median
P/S (TTM) 2.60× · Pricier than 75% of peers
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 8.4× · Pricier 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 29
FUTURE 0 · sector 19
PAST 64 · sector 27
HEALTH 100 · 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 12, 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 Siantar Top Tbk, (STTP) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of 15,316 IDR versus a price of 9,750 IDR, about +57% (undervalued).
What is the fair value of STTP?
Our model-based fair value for PT Siantar Top Tbk, is 15,316 IDR (as of Jul 12, 2026), built from audited fundamentals. The current price is 9,750 IDR.
What is the quality score of STTP?
PT Siantar Top 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 Siantar Top Tbk, (STTP)?
PT Siantar Top Tbk, reported trailing-twelve-month revenue of about 5.2T IDR (latest available figure, as of Jul 12, 2026).
What is the net profit margin of STTP?
The net profit margin of PT Siantar Top Tbk, is about 21.6%, meaning it keeps roughly 21.6% 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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