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PT Transcoal Pacific Tbk, a shipping company, (TCPI) Fair Value & Analysis

Industrials · ID · Market cap 29.5T IDR

PT PT Transcoal Pacific Tbk, a shipping company, TCPI · JK
Price3,560 IDR
Fair Value368.32 IDR
Upside-89.7%
Quality47/100
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Expensive Growth
Thin margins · 6.6% net margin
Low debt · negative free cash flow
Trails peers (3/13)
Narrow moat 41/100
Evidence: Medium Range 316.02 IDR – 478.82 IDR Share as image

Fair value as of: Aug 13, 2026

From 16 valuation models · updated today

Fair value updated Aug 13, 2026, revised from 437.47 IDR to 368.32 IDR (−15.8%) since Jul 18, 2026. Share price −40.7% over the past month.

Below-average quality, and screening another 90% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (478.82 IDR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

13,513 IDR 3,560 IDR Fair Value 368.32 IDR Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 3,560 IDR – 13,513 IDR · fair‑value band 316.02 IDR – 478.82 IDR · the 3,560 IDR price screens above the 368.32 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

PT Transcoal Pacific Tbk, a shipping company, (TCPI) currently trades at 3,560 IDR, while our model-based Fair Value estimate is 368.32 IDR, implying the stock looks roughly 89.7% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Industrials 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: medium).

Over the trailing twelve months, PT Transcoal Pacific Tbk, a shipping company, generated revenue of 2.0T IDR at a net margin of 6.6%. Revenue grew 14.6% year over year. It earns a return on equity of 6.3%. Net debt stands at 1.1T IDR. Fundamentals as of Aug 13, 2026

Our scenario range runs from 316.02 IDR (bear case) to 478.82 IDR (bull case); at 3,560 IDR, the current price sits above 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 74% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 43% fair-value upside, at -90%, TCPI 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (86.01 IDR to 1,435 IDR). Read the values as a conservative anchor, not as a price target.
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 327.17 IDR 336.75 IDR 341.19 IDR 76
ROIC Compounder 288.27 IDR 364.69 IDR 462.04 IDR 72
Gordon GGM 48.10 IDR 105.00 IDR 176.67 IDR 70
All 16 models by family
Earnings-Based
Graham-Dodd 159.17 IDR 572.65 IDR 771.85 IDR 54
Lynch FV 135.35 IDR 193.35 IDR 251.36 IDR 50
PEG = 1.0 135.35 IDR 193.35 IDR 251.36 IDR 46
EPV 288.27 IDR 364.69 IDR 432.62 IDR 59
Dividend Discount
Gordon GGM 48.10 IDR 105.00 IDR 176.67 IDR 70
DDM Multi-Stage 48.10 IDR 86.01 IDR 109.43 IDR 61
Multiples
P/E Multiple 368.68 IDR 491.57 IDR 614.46 IDR 63
P/S Multiple 298.45 IDR 397.94 IDR 497.42 IDR 58
P/B Multiple 298.45 IDR 397.94 IDR 497.42 IDR 55
EV/EBIT 468.71 IDR 673.21 IDR 877.70 IDR 53
EV/EBITDA 1,040 IDR 1,435 IDR 1,830 IDR 54
EV/Revenue 293.08 IDR 480.74 IDR 668.39 IDR 43
Asset-Based
NCAV (Graham) 206.50 IDR 276.71 IDR 413.01 IDR 50
Economic Profit
Residual Income 327.17 IDR 336.75 IDR 341.19 IDR 76
ROIC Compounder 288.27 IDR 364.69 IDR 462.04 IDR 72
Growth Earnings
Growth-Adj P/E 257.83 IDR 368.32 IDR 478.82 IDR 68

Widest divergence: Multiples (480.74 IDR) versus Dividend Discount (86.01 IDR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 2.0T IDR
Revenue growth (YoY) +14.6%
Net margin 6.6%
Return on equity 6.3%
Free cash flow −24.2B IDR FY2025
P/E ratio 137.1
More key figures
Operating margin 19.1%
EPS (TTM) 25.96 IDR
EPS growth (YoY) +28.7%
Net debt 1.1T IDR FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 48 · Market factors (momentum, volatility) 23

Profitability 29
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 53
Earnings quality: real cash, not paper profit
Fin. Strength 55
Balance sheet, leverage, solvency risk
Investment 31
Disciplined investing over empire-building
Low Volatility 62
Calm price path (market factor)
Momentum 11
Price trend over the last 3–12 months (market factor)
52W Momentum 0
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 Transcoal Pacific Tbk, a shipping company, provides vessel charter and goods freight services in Indonesia. It operates through Sea Transportation Business and Other Business Activities segments.

Full company description

PT Transcoal Pacific Tbk, a shipping company, provides vessel charter and goods freight services in Indonesia. It operates through Sea Transportation Business and Other Business Activities segments. The company offers maritime transportation services for coal, nickel, industrial diesel, and crude palm oil; transshipment services for bulk goods; assist tug rental services; floating barges for terminal storage of fuel oil; and mooring man and oil spill response team services, as well as barging, long hauling, floating terminal station, mother vessel, and agency services. The company was founded in 2007 and is headquartered in Jakarta, Indonesia. PT Transcoal Pacific Tbk is a subsidiary of PT Sari Nusantara Gemilang.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Transcoal Pacific Tbk, a shipping company, reported revenue of 1.9T IDR in FY2025 versus 1.7T IDR in FY2021, a compound +3.0%/yr. Reported net income was 117B IDR in FY2025, compounding +10.4%/yr from FY2021.

Growth Quality 19/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
1.9T IDR
Latest YoY
−2.4%
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.
+2.3%
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.
+2.7%
Avg. growth/yr (10Y) 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.
+18.9%
Revenue +3.0%/yr
FY21 1.7T IDR
FY22 1.8T IDR
FY23 1.8T IDR
FY24 1.9T IDR
FY25 1.9T IDR
Net income +10.4%/yr
FY21 78.7B IDR
FY22 109B IDR
FY23 181B IDR
FY24 85.4B IDR
FY25 117B IDR
Character of growth · EPS growth decomposed (2015-2025) +9.0 % p.a.
Revenue per share +18.4 pp

of which total revenue +18.4 pp · buybacks/dilution +0.0 pp

EBIT margin −1.4 pp
Tax rate −0.1 pp
Residual (interest, one-offs) −7.9 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

TCPI screens 90% overvalued. Compare with Adani Ports and Special Economic Zone Limited →

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Cite: Fair Value Calculator (2026). "PT Transcoal Pacific Tbk, a shipping company, Fair Value". https://www.fairvalue-calculator.com/stock/TCPI

Peer Group

Marine Shipping · 233 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 47 · Below median
Fair Value upside −90% · Bottom 25%
Return on equity (TTM) 6% · Below median
Return on assets 5% · Above median
Net margin (TTM) 7% · Below median
Operating margin (TTM) 19% · Above median
Revenue growth 15% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.40× · Higher than median

Valuation Multiples vs Marine Shipping median · lower = cheaper

P/E (TTM) 137.1× · Pricier than 75% of peers
P/B 14.29× · Pricier than 75% of peers
P/S (TTM) 14.91× · Pricier than 75% of peers
EV/EBITDA 61.6× · Pricier than 75% of peers

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 0 · sector 23
FUTURE 73 · sector 18
PAST 25 · sector 26
HEALTH 80 · sector 88
DIVIDEND 0 · sector 45

VALUE 0: the price sits above our fair-value range.

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 Marine Shipping stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Adani Ports and Special Economic Zone Limited ADANIPORTS ₹1,658 ₹1,041 -37%
A.P. Møller - Mærsk A/S MAERSKA kr 16,810 kr 3,033 -82%
COSCO SHIPPING Holdings 601919 ¥15.25 ¥49.90 +227%
HMM Co 011200 21,350 KRW 33,795 KRW +58%
JSW Infrastructure Limited JSWINFRA ₹346.60 ₹126.31 -64%
Wan Hai Lines Ltd 2615 87.10 TWD 212.79 TWD +144%
The Great Eastern Shipping Company GESHIP ₹1,299 ₹1,854 +43%
Pan Ocean Co 028670 5,630 KRW 11,840 KRW +110%
Sociedad Matriz SAAM S.A SMSAAM 136.33 CLP 146.31 CLP +7%
PT Ancara Logistics Indonesia Tbk ALII 795.00 IDR 350.80 IDR -56%

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Frequently asked questions

Is PT Transcoal Pacific Tbk, a shipping company, (TCPI) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 368.32 IDR versus a price of 3,560 IDR, about −90% (overvalued).
What is the fair value of TCPI?
Our model-based fair value for PT Transcoal Pacific Tbk, a shipping company, is 368.32 IDR (as of Aug 13, 2026), built from audited fundamentals. The current price is 3,560 IDR.
What is the quality score of TCPI?
PT Transcoal Pacific Tbk, a shipping company, has a Quality Score of 47/100. 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 Transcoal Pacific Tbk, a shipping company, (TCPI)?
PT Transcoal Pacific Tbk, a shipping company, reported trailing-twelve-month revenue of about 2.0T IDR (latest available figure, as of Aug 13, 2026).
What is the net profit margin of TCPI?
The net profit margin of PT Transcoal Pacific Tbk, a shipping company, is about 6.6%, meaning it keeps roughly 6.6% 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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