Tembaga Mulia Semanan Tbk (TBMS) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Tembaga Mulia Semanan Tbk stock IDR 1,800, price IDR 1,020, upside +76.5%, quality 45 out of 100. Rating: strongly undervalued. Calculated from audited financials with 17 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range 584.02 IDR – 1,523 IDR · fair‑value band 1,260 IDR – 2,520 IDR · the 1,020 IDR price screens below the 1,800 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 7, 2026.
Follow Tembaga Mulia Semanan Tbk in your weekly email
Every Wednesday you see whether Tembaga Mulia Semanan Tbk is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
PT Tembaga Mulia Semanan Tbk manufactures, sells, and exports copper and aluminum rods and wires in Indonesia and internationally. It operates through Copper Rod and Wire, and Aluminum Rod segments. The Copper Rod and Wire segment produces copper rods and various sizes of copper wires.
Show moreShow less
The Aluminum Rod segment produces EC grade rod, alloy rod, and TAL rod. PT Tembaga Mulia Semanan Tbk was incorporated in 1977 and is based in Jakarta Barat, Indonesia.
Stock analysis
Tembaga Mulia Semanan Tbk (TBMS) currently trades at 1,020 IDR, while our model-based Fair Value estimate is 1,800 IDR, implying the stock looks roughly 43% undervalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of 1,980 IDR per share, and 13 of the 17 models we run sit above the 1,020 IDR price.
Bear case: the Dividend Discount group reads lowest at 900.18 IDR, and 4 of the 17 models stay below the price. Data coverage for this calculation is low.
Scenario range: 1,260 IDR (bear) to 2,520 IDR (bull), the price of 1,020 IDR sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 45/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Tembaga Mulia Semanan Tbk reported revenue of 909M IDR in FY2025 versus 721M IDR in FY2021, a compound +6.0%/yr. Reported net income was 4.0M IDR in FY2025, compounding −12.9%/yr from FY2021.
Our AI-assisted moat analysis scores the competitive advantage at 23 out of 100 (low confidence).
What moves the price
The share trades about 31% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −38% fair-value upside, at 77%, TBMS screens cheaper than that median.
Fair Value models
Bear1,260 IDRFair Value 1,800 IDRBull2,520 IDR
Price 1,020 IDR · Upside +76.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.0163 IDR per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+5.3%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+8.0%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+15.1%
Start year 2020 (pandemic). Over 10 years: +5.8% a year
Revenue growth 25 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−23.6%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in IDR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in IDR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−7.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−7.1%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−7.5% vs −0.7%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.2% → 1%
Compare Tembaga Mulia Semanan Tbk with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer Groupⓘ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.Metal Fabrication · 260 stocks
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Tembaga Mulia Semanan Tbk (TBMS) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 1,800 IDR versus a price of 1,020 IDR, about +77% upside (undervalued).
What is the fair value of TBMS?
Our model-based fair value for Tembaga Mulia Semanan Tbk is 1,800 IDR (as of Nov 7, 2026), built from audited fundamentals. The current price: 1,020 IDR.
What is the quality score of TBMS?
Tembaga Mulia Semanan Tbk has a Quality Score of 45/100. 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 price target for Tembaga Mulia Semanan Tbk (TBMS)?
Our model-based price target is the fair value of 1,800 IDR (as of Nov 7, 2026) from 17 valuation models. Cautious scenario 1,260 IDR, optimistic scenario 2,520 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Tembaga Mulia Semanan Tbk stock forecast for 2026?
Our models put fair value at 1,800 IDR, about +77% upside versus a price of 1,020 IDR (undervalued). Cautious scenario 1,260 IDR, optimistic scenario 2,520 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Tembaga Mulia Semanan Tbk (TBMS)?
Tembaga Mulia Semanan Tbk reported trailing-twelve-month revenue of about 1.0B IDR (latest available figure, as of Nov 7, 2026).
What is the intrinsic value of Tembaga Mulia Semanan Tbk (TBMS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tembaga Mulia Semanan Tbk it is 1,800 IDR per share (as of Nov 7, 2026), against a price of 1,020 IDR. It is the blended result of 17 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Tembaga Mulia Semanan Tbk stock overvalued or undervalued in 2026?
As of Nov 7, 2026, TBMS trades below its calculated fair value: price 1,020 IDR, fair value 1,800 IDR, a gap of about +77% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of TBMS?
No. The price is what the market pays today (1,020 IDR); the fair value is what the company's own numbers justify (1,800 IDR). For Tembaga Mulia Semanan Tbk the two are 780.35 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Tembaga Mulia Semanan Tbk worth?
The market values Tembaga Mulia Semanan Tbk at about 785B IDR (market capitalisation, as of Nov 7, 2026). Per share that is 1,020 IDR; our models calculate a fair value of 1,800 IDR per share.
What do the bullish and bearish scenarios say about TBMS?
Our models span a range for Tembaga Mulia Semanan Tbk: cautious scenario 1,260 IDR, base 1,800 IDR, optimistic 2,520 IDR per share (as of Nov 7, 2026, price 1,020 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Tembaga Mulia Semanan Tbk (TBMS)?
Balance-sheet figures for Tembaga Mulia Semanan Tbk (as of Nov 7, 2026): return on equity 5.7%. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is TBMS from its 52-week high?
Tembaga Mulia Semanan Tbk trades at 1,020 IDR, about 31% below its 52-week high of 1,489 IDR and at the low of 1,020 IDR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 1,800 IDR is for.
Which stocks are comparable to Tembaga Mulia Semanan Tbk?
From the same area (Industrials) we also value ATI Inc, Carpenter Technology Corporation, Mueller Industries, Inc, Bharat Forge Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Tembaga Mulia Semanan Tbk stock attractive at the current price?
The data as of Nov 7, 2026: price 1,020 IDR, calculated fair value 1,800 IDR (+77%), Quality Score 45/100, from 17 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of TBMS calculated?
We run Tembaga Mulia Semanan Tbk through 17 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 1,800 IDR builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Tembaga Mulia Semanan Tbk currently trades 43% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Tembaga Mulia Semanan Tbk (TBMS)?
The closing price on Nov 6, 2026 was 1,020 IDR. Our model-based fair value is 1,800 IDR, about +77% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tembaga Mulia Semanan Tbk right now?
The large discount to fair value meets weak quality (45/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (1,260 IDR). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (1,260 IDR to 2,520 IDR) leaves room in how you read the outcome.
Where does the earnings growth of Tembaga Mulia Semanan Tbk (TBMS) come from?
Earnings per share at Tembaga Mulia Semanan Tbk grew +3.8 % a year from 2014 to 2025. Broken into its drivers: revenue per share +5.2 %, EBIT margin −4.0 %, tax rate +0.6 %, residual (interest, one-offs) +2.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Tembaga Mulia Semanan Tbk
How large is the market capitalisation of Tembaga Mulia Semanan Tbk (TBMS)?
The market capitalisation of Tembaga Mulia Semanan Tbk is 785B IDR (≈ $43.6M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Tembaga Mulia Semanan Tbk (TBMS)?
Earnings per share at Tembaga Mulia Semanan Tbk are 0.0190 IDR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Tembaga Mulia Semanan Tbk (TBMS)?
The net margin of Tembaga Mulia Semanan Tbk is 0.4% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Tembaga Mulia Semanan Tbk (TBMS)?
The return on equity (ROE) of Tembaga Mulia Semanan Tbk is 5.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Tembaga Mulia Semanan Tbk (TBMS)?
On an EBIT basis the return on assets of Tembaga Mulia Semanan Tbk is 7.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Tembaga Mulia Semanan Tbk (TBMS)?
The operating margin of Tembaga Mulia Semanan Tbk is 0.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tembaga Mulia Semanan Tbk (TBMS)?
Revenue at Tembaga Mulia Semanan Tbk is growing +19.6% versus a year earlier (3y avg +8.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Tembaga Mulia Semanan Tbk (TBMS)?
Earnings per share at Tembaga Mulia Semanan Tbk are growing +405% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Tembaga Mulia Semanan Tbk (TBMS) generate?
The free cash flow of Tembaga Mulia Semanan Tbk is −24.1M IDR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Tembaga Mulia Semanan Tbk (TBMS) carry?
The net debt of Tembaga Mulia Semanan Tbk is 40.7M IDR (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Tembaga Mulia Semanan Tbk in the live analysis
One click puts Tembaga Mulia Semanan Tbk on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Thin data
Nov 7, 2026