Mandom Indonesia Tbk (TCID) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Mandom Indonesia Tbk IDR 799, price IDR 2,520, upside -68.3%, quality 65 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 1,504 IDR – 4,024 IDR · fair‑value band 599.24 IDR – 998.73 IDR · the 2,520 IDR price screens above the 798.98 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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PT. Mandom Indonesia Tbk manufactures and sells cosmetics and other products in Indonesia. It offers hair care, skin care and make-up, body care, and face care products, as well as perfumes, cleansing materials, and plastic containers.
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PT. Mandom Indonesia Tbk manufactures and sells cosmetics and other products in Indonesia. It offers hair care, skin care and make-up, body care, and face care products, as well as perfumes, cleansing materials, and plastic containers. The company markets its products under the GATSBY, PIXY, PUCELLE, MIRATONE, LUCIDO-L, MANDOM, Tancho, JOHNNY ANDREAN, SPALDING, GLAZELLE de Pucelle, Color Comm., Fresh n fresh, LOVILLEA, and STYLE UP brands. It sells its products in the United Arab Emirates, Malaysia, Japan, Thailand, the Philippines, Singapore, Korea, Vietnam, Hongkong, India, and Taiwan. The company was formerly known as PT Tancho Indonesia and changed its name to PT. Mandom Indonesia Tbk in 2001. The company was incorporated in 1969 and is headquartered in Jakarta, Indonesia. PT. Mandom Indonesia Tbk operates as a subsidiary of Mandom Corporation.
Stock analysis
Mandom Indonesia Tbk (TCID) currently trades at 2,520 IDR, while our model-based Fair Value estimate is 798.98 IDR, implying the stock looks roughly 215.4% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 2,982 IDR per share, and 3 of the 12 models we run sit above the 2,520 IDR price.
Bear case: the Earnings-Based group reads lowest at 173.49 IDR, and 9 of the 12 models stay below the price. Evidence for this calculation is low.
Scenario range: 599.24 IDR (bear) to 998.73 IDR (bull), the price of 2,520 IDR sits above 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 65/100 (solid quality), in the Consumer Defensive sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Mandom Indonesia Tbk reported revenue of 2.1T IDR in FY2025 versus 1.9T IDR in FY2021, a compound +3.8%/yr. Reported net income was 15.3B IDR in FY2025.
Key figures
Market cap 1.0T IDR (≈ $56.6M) · P/E ratio 90.2 · P/S ratio 0.64 · EPS (TTM) 27.95 IDR · Dividend yield 1.5% · Net margin 0.7% · Return on equity 0.6% · Return on assets (EBIT) −2.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 37% 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 −14% fair-value upside, at −68%, TCID screens richer than that median.
Fair Value models
Bear 599.24 IDRFair Value 798.98 IDRBull 998.73 IDR
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = 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.31/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+15.4%
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.
+1.6%
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.
+2.7%
Start year 2020 (pandemic). Over 10 years: −0.8% a year
Revenue growth 24 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.
+6.0%
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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. 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.
−34.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−36.2%
Dividend (yield on the price)1.5%
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.−36% vs −22%, 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.−6% → 0%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 1.2%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Price, fair value, quality and upside side by side.
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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.Household & Personal Products · 251 stocks
Beats the industry median on 4/12 measures
Overall it trails its industry peers.
Valuation
Quality Score65 · Above median
Fair Value upside−69% · Bottom 25%
Profitability
Return on equity (TTM)1% · Below median
Return on assets0% · Bottom 25%
Net margin (TTM)1% · Below median
Operating margin (TTM)5% · Below median
Growth and dividend
Revenue growth−7% · Bottom 25%
Dividend yield (TTM)1.5% · Bottom 25%
Valuation Multiplesvs Household & Personal Products median · lower = cheaper
P/E (TTM)90.2× · Priciest 25%
P/B0.57× · Cheaper than median
P/S (TTM)0.48× · Cheaper than median
EV/EBITDA4.7× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 33
FUTURE (revenue growth)0· sector 5
PAST (return on equity)2· sector 27
HEALTH (low debt)0· sector 98
DIVIDEND (yield)30· sector 55
VALUE 0: the price sits above our fair-value range.
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.
Cite: Fair Value Calculator (2026). "Mandom Indonesia Tbk Fair Value". https://www.fairvalue-calculator.com/stock/TCID
Frequently asked questions
Is Mandom Indonesia Tbk (TCID) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 798.98 IDR versus a price of 2,520 IDR, about −68% upside (overvalued).
What is the fair value of TCID?
Our model-based fair value for Mandom Indonesia Tbk is 798.98 IDR (as of Sep 24, 2026), built from audited fundamentals. The current price: 2,520 IDR.
What is the quality score of TCID?
Mandom Indonesia Tbk has a Quality Score of 65/100. 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 Mandom Indonesia Tbk (TCID)?
Our model-based price target is the fair value of 798.98 IDR (as of Sep 24, 2026) from 12 valuation models. Cautious scenario 599.24 IDR, optimistic scenario 998.73 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Mandom Indonesia Tbk stock forecast for 2026?
Our models put fair value at 798.98 IDR, about −68% upside versus a price of 2,520 IDR (overvalued). Cautious scenario 599.24 IDR, optimistic scenario 998.73 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Mandom Indonesia Tbk (TCID)?
Mandom Indonesia Tbk reported trailing-twelve-month revenue of about 2.1T IDR (latest available figure, as of Sep 24, 2026).
Does Mandom Indonesia Tbk pay a dividend?
Mandom Indonesia Tbk currently shows a dividend yield of about 1.51% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Mandom Indonesia Tbk (TCID)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mandom Indonesia Tbk it is 798.98 IDR per share (as of Sep 24, 2026), against a price of 2,520 IDR. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is Mandom Indonesia Tbk stock overvalued or undervalued in 2026?
As of Sep 24, 2026, TCID trades above its calculated fair value: price 2,520 IDR, fair value 798.98 IDR, a gap of about −68% (overvalued). 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 TCID?
No. The price is what the market pays today (2,520 IDR); the fair value is what the company's own numbers justify (798.98 IDR). For Mandom Indonesia Tbk the two are 1,721 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Mandom Indonesia Tbk worth?
The market values Mandom Indonesia Tbk at about 1.0T IDR (market capitalisation, as of Sep 24, 2026). Per share that is 2,520 IDR; our models calculate a fair value of 798.98 IDR per share.
What do the bullish and bearish scenarios say about TCID?
Our models span a range for Mandom Indonesia Tbk: cautious scenario 599.24 IDR, base 798.98 IDR, optimistic 998.73 IDR per share (as of Sep 24, 2026, price 2,520 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TCID?
Mandom Indonesia Tbk trades at a price-to-earnings ratio of 90.2 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 798.98 IDR is built from several models across several years. Other multiples: P/B 0.6, P/S 0.5, EV/EBITDA 4.7.
How solid is the balance sheet of Mandom Indonesia Tbk (TCID)?
Balance-sheet figures for Mandom Indonesia Tbk (as of Sep 24, 2026): return on equity 0.6%. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is TCID from its 52-week high?
Mandom Indonesia Tbk trades at 2,520 IDR, about 37% below its 52-week high of 4,024 IDR and 1% above the low of 2,505 IDR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 798.98 IDR is for.
Which stocks are comparable to Mandom Indonesia Tbk?
From the same area (Consumer Defensive) we also value Colgate-Palmolive Company, Hindustan Unilever Limited, Kenvue Inc, Kimberly-Clark Corporation, 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 Mandom Indonesia Tbk stock attractive at the current price?
The data as of Sep 24, 2026: price 2,520 IDR, calculated fair value 798.98 IDR (−68%), Quality Score 65/100, from 12 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 TCID calculated?
We run Mandom Indonesia Tbk through 12 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 798.98 IDR, 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 13.0 % above its aggregate fair value. Mandom Indonesia Tbk itself currently trades above fair value. 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 Mandom Indonesia Tbk (TCID)?
The closing price on Sep 24, 2026 was 2,520 IDR. Our model-based fair value is 798.98 IDR, about −68% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mandom Indonesia Tbk right now?
The price sits above even our optimistic bull case (998.73 IDR). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Mandom Indonesia Tbk
How large is the market capitalisation of Mandom Indonesia Tbk (TCID)?
The market capitalisation of Mandom Indonesia Tbk is 1.0T IDR (≈ $56.6M). 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 is the P/S ratio of Mandom Indonesia Tbk (TCID)?
The price-to-sales ratio of Mandom Indonesia Tbk is 0.64 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Mandom Indonesia Tbk (TCID)?
Earnings per share at Mandom Indonesia Tbk are 27.95 IDR (price ÷ EPS = P/E 90.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Mandom Indonesia Tbk (TCID)?
The dividend yield of Mandom Indonesia Tbk is 1.5% (payout 136%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Mandom Indonesia Tbk (TCID)?
The net margin of Mandom Indonesia Tbk is 0.7% (fiscal year 2025). 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 Mandom Indonesia Tbk (TCID)?
The return on equity (ROE) of Mandom Indonesia Tbk is 0.6% (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 Mandom Indonesia Tbk (TCID)?
On an EBIT basis the return on assets of Mandom Indonesia Tbk is −2.6% (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 Mandom Indonesia Tbk (TCID)?
The operating margin of Mandom Indonesia Tbk is 5.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mandom Indonesia Tbk (TCID)?
Revenue at Mandom Indonesia Tbk is growing −6.8% versus a year earlier (3y avg +1.6%). 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 Mandom Indonesia Tbk (TCID)?
Earnings per share at Mandom Indonesia Tbk are growing −13.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Mandom Indonesia Tbk (TCID) generate?
The free cash flow of Mandom Indonesia Tbk is −88.1B 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 cash does Mandom Indonesia Tbk (TCID) hold?
Mandom Indonesia Tbk holds more cash than debt, 532B IDR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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