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PT Triputra Agro Persada Tbk (TAPG) Fair Value & Analysis

Consumer Defensive · ID · Market cap 30.6T IDR

PT PT Triputra Agro Persada Tbk TAPG · JK
Price1,850 IDR
Fair Value1,547 IDR
Upside-16.4%
Quality85/100
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Healthy Growth
Highly profitable · 32.3% net margin
Low debt · generates free cash flow
Ranks above peers (9/15)
Wide moat 87/100
Evidence: High Range 1,160 IDR – 2,928 IDR Share as image

Fair value as of: Jul 11, 2026

From 26 valuation models · updated 29 days ago

Fair value updated Jul 11, 2026, revised from 3,105 IDR to 1,547 IDR (−50.2%) since Jun 25, 2026. Share price +20.1% over the past month.

A strong business, but screening 16% overvalued on our models.

What matters now

  • A high-quality business (quality 85/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • A fairly wide model range (1,160 IDR to 2,928 IDR) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

2,009 IDR 145.37 IDR Fair Value 1,547 IDR Apr 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 145.37 IDR – 2,009 IDR · fair‑value band 1,160 IDR – 2,928 IDR · the 1,850 IDR price screens above the 1,547 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 Triputra Agro Persada Tbk (TAPG) currently trades at 1,850 IDR, while our model-based Fair Value estimate is 1,547 IDR, implying the stock looks roughly 16.4% overvalued today. The Quality Score stands at 85/100 (high quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, PT Triputra Agro Persada Tbk generated revenue of 11.3T IDR at a net margin of 32.3%. Revenue declined 4.9% year over year. It earns a return on equity of 30.8%. The balance sheet holds a net cash position of 552B IDR. Fundamentals as of Jul 11, 2026

Our scenario range runs from 1,160 IDR (bear case) to 2,928 IDR (bull case); at 1,850 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 about 14% below its 52-week high and 124% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 39% fair-value upside, at -16%, TAPG screens richer 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 2,903 IDR 6,171 IDR 11,691 IDR 80
Residual Income 1,157 IDR 1,355 IDR 4,932 IDR 76
Rev-Margin DCF 1,324 IDR 2,088 IDR 3,163 IDR 74
All 26 models by family
DCF Models
FCF DCF 2,984 IDR 5,561 IDR 12,411 IDR 38
Owner Earnings 2,972 IDR 6,295 IDR 13,065 IDR 31
5Y Revenue Exit 1,324 IDR 2,087 IDR 3,098 IDR 39
5Y EBITDA Exit 2,351 IDR 4,392 IDR 7,093 IDR 41
5Y P/E Exit 2,898 IDR 5,619 IDR 8,958 IDR 38
10Y Revenue Exit 1,786 IDR 2,760 IDR 4,254 IDR 36
10Y EBITDA Exit 2,532 IDR 4,576 IDR 7,983 IDR 37
10Y P/E Exit 2,916 IDR 5,543 IDR 9,720 IDR 35
Earnings-Based
Graham-Dodd 1,268 IDR 7,644 IDR 10,656 IDR 54
Lynch FV 2,181 IDR 3,116 IDR 4,051 IDR 50
PEG = 1.0 2,181 IDR 3,116 IDR 4,051 IDR 46
EPV 1,473 IDR 1,725 IDR 1,949 IDR 59
Dividend Discount
Gordon GGM 1,587 IDR 3,465 IDR 5,830 IDR 70
DDM Multi-Stage 1,587 IDR 2,838 IDR 3,611 IDR 61
Multiples
P/E Multiple 2,937 IDR 3,916 IDR 4,895 IDR 63
P/S Multiple 689.21 IDR 918.95 IDR 1,149 IDR 58
P/B Multiple 2,329 IDR 3,105 IDR 3,882 IDR 55
EV/EBIT 2,390 IDR 3,172 IDR 3,953 IDR 53
EV/EBITDA 2,186 IDR 2,900 IDR 3,614 IDR 54
EV/Revenue 647.64 IDR 906.09 IDR 1,165 IDR 43
Asset-Based
NCAV (Graham) 282.31 IDR 378.29 IDR 564.62 IDR 50
Growth DCF
Growth DCF 2,903 IDR 6,171 IDR 11,691 IDR 80
Rev-Margin DCF 1,324 IDR 2,088 IDR 3,163 IDR 74
Economic Profit
Residual Income 1,157 IDR 1,355 IDR 4,932 IDR 76
ROIC Compounder 1,771 IDR 2,505 IDR 3,528 IDR 72
Growth Earnings
Growth-Adj P/E 3,164 IDR 4,521 IDR 5,877 IDR 68

Widest divergence: DCF Models (4,576 IDR) versus Asset-Based (378.29 IDR). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 11.3T IDR
Revenue growth (YoY) -4.9%
Net margin 32.3%
Return on equity 30.8%
Free cash flow 3.8T IDR FY2025
P/E ratio 6.9
More key figures
Operating margin 27.5%
EPS (TTM) 181.97 IDR
EPS growth (YoY) -8.1%
Net cash 552B IDR FY2025

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

Quality Score breakdown

Overall quality 85/100

Of which business quality 81 · Market factors (momentum, volatility) 68

Profitability 82
Margins and returns on capital today
Quality Growth 64
Are margins and returns improving?
Cashflow 83
Earnings quality: real cash, not paper profit
Fin. Strength 87
Balance sheet, leverage, solvency risk
Investment 87
Disciplined investing over empire-building
Low Volatility 61
Calm price path (market factor)
Momentum 67
Price trend over the last 3–12 months (market factor)
52W Momentum 76
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 Triputra Agro Persada Tbk engages in the oil palm plantations and palm oil processing businesses in Indonesia. It produces crude palm oil, palm kernel, slab, and ribbed smoked sheet products. The company is also involved in the rubber plantation; other management consulting; wholesale trading; construction; and mining activities.

Full company description

PT Triputra Agro Persada Tbk engages in the oil palm plantations and palm oil processing businesses in Indonesia. It produces crude palm oil, palm kernel, slab, and ribbed smoked sheet products. The company is also involved in the rubber plantation; other management consulting; wholesale trading; construction; and mining activities. As of December 31, 2021, it operated approximately 85,086 hectares of total planted area of palm oil plantations. The company was formerly known as PT. Alam Permata Indah and changed its name to PT Triputra Agro Persada Tbk in March 2005. PT Triputra Agro Persada Tbk was founded in 2005 and is headquartered in Jakarta Selatan, Indonesia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Triputra Agro Persada Tbk reported revenue of 11.4T IDR in FY2025 versus 6.3T IDR in FY2021, a compound +16.1%/yr. Reported net income was 3.7T IDR in FY2025, compounding +33.7%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
11.4T IDR
Latest YoY
+17.9%
Avg. growth/yr (3Y)
+6.9%
Avg. growth/yr (5Y)
+16.7%
Avg. growth/yr (8Y)
+14.9%
Revenue +16.1%/yr
FY21 6.3T IDR
FY22 9.3T IDR
FY23 8.3T IDR
FY24 9.7T IDR
FY25 11.4T IDR
Net income +33.7%/yr
FY21 1.2T IDR
FY22 3.0T IDR
FY23 1.6T IDR
FY24 3.1T IDR
FY25 3.7T IDR

TAPG screens 16% overvalued. Compare with Muyuan Foods Group →

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Cite: Fair Value Calculator (2026). "PT Triputra Agro Persada Tbk Fair Value". https://www.fairvalue-calculator.com/stock/TAPG

Peer Group

Farm Products · 291 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 85 · Top 25%
Fair Value upside −16% · Below median
Return on equity (TTM) 31% · Top 25%
Return on assets 15% · Top 25%
Net margin (TTM) 32% · Top 25%
Operating margin (TTM) 27% · Top 25%
Revenue growth -5% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.07× · Lower than median

Valuation Multiples vs Farm Products median · lower = cheaper

P/E (TTM) 8.5× · Cheaper than median
P/B 2.73× · Pricier than 75% of peers
P/S (TTM) 2.71× · Pricier than 75% of peers
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 6.9× · Pricier than median
PEG 0.72× · 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 11 · sector 26
FUTURE 0 · sector 21
PAST 100 · sector 17
HEALTH 97 · sector 94
DIVIDEND 0 · sector 38

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 Farm Products stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).

Stock Price Fair Value vs Fair Value
Muyuan Foods Group 002714 ¥40.90 ¥48.19 +18%
Wens Foodstuff Group 300498 ¥14.51 ¥12.08 -17%
Mowi ASA MOWI kr 188.40 kr 262.59 +39%
PT Charoen Pokphand Indonesia Tbk, CPIN 3,120 IDR 7,076 IDR +127%
Charoen Pokphand Foods Public Company CPF 22.00 THB 55.71 THB +153%
PT FAP Agri Tbk FAPA 7,300 IDR 7,463 IDR +2%
PT Japfa Comfeed Indonesia Tbk JPFA 2,070 IDR 7,231 IDR +249%
Thaifoods Group TFGR 10.60 THB 23.53 THB +122%
PT Jhonlin Agro Raya Tbk JARR 1,845 IDR 610.80 IDR -67%
PT Nusantara Sawit Sejahtera Tbk NSSS 700.00 IDR 448.40 IDR -36%

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Frequently asked questions

Is PT Triputra Agro Persada Tbk (TAPG) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of 1,547 IDR versus a price of 1,850 IDR, about −16% (overvalued).
What is the fair value of TAPG?
Our model-based fair value for PT Triputra Agro Persada Tbk is 1,547 IDR (as of Jul 11, 2026), built from audited fundamentals. The current price is 1,850 IDR.
What is the quality score of TAPG?
PT Triputra Agro Persada Tbk has a Quality Score of 85/100. 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 Triputra Agro Persada Tbk (TAPG)?
PT Triputra Agro Persada Tbk reported trailing-twelve-month revenue of about 11.3T IDR (latest available figure, as of Jul 11, 2026).
What is the net profit margin of TAPG?
The net profit margin of PT Triputra Agro Persada Tbk is about 32.3%, meaning it keeps roughly 32.3% 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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