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PT Tridomain Performance Materials Tbk (TDPM) Fair Value & Analysis

Basic Materials · ID · Market cap 1.2T IDR

PT PT Tridomain Performance Materials Tbk TDPM · JK
Price119.00 IDR
Fair Value190.40 IDR
Upside+60.0%
Quality55/100
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Weak Growth
Loss-making · -77.8% net margin
High debt · generates free cash flow
Trails peers (3/11)
Narrow moat 6/100
Evidence: Medium Share as image

Fair value as of: Jul 17, 2026

From 4 valuation models · updated 24 days ago

A solid business, screening 60% undervalued on our models.

What matters now

  • Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Quality 55/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

135.00 IDR 108.00 IDR Fair Value 190.40 IDR Jan 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range 108.00 IDR – 135.00 IDR · the 119.00 IDR price screens below the 190.40 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

PT Tridomain Performance Materials Tbk (TDPM) currently trades at 119.00 IDR, while our model-based Fair Value estimate is 190.40 IDR, implying the stock looks roughly 60.0% undervalued today. The Quality Score stands at 55/100 (solid quality), in the Basic Materials 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: medium), always confirm before acting.

Over the trailing twelve months, PT Tridomain Performance Materials Tbk generated revenue of 63.5M IDR at a net margin of -77.8%. Revenue declined 25.6% year over year. Net debt stands at 96.8M IDR. The stock trades on a trailing P/E of 16.4. Fundamentals as of Jul 17, 2026

The share trades near its 52-week high, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at 60%, TDPM 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 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
Growth DCF 180.36 IDR 360.72 IDR 80
Rev-Margin DCF 180.36 IDR 74
5Y Revenue Exit 180.36 IDR 39
All 4 models by family
DCF Models
FCF DCF 180.36 IDR 360.72 IDR 38
5Y Revenue Exit 180.36 IDR 39
Growth DCF
Growth DCF 180.36 IDR 360.72 IDR 80
Rev-Margin DCF 180.36 IDR 74

Widest divergence: DCF Models (180.36 IDR) versus DCF Models (180.36 IDR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 63.5M IDR
Revenue growth (YoY) -25.6%
Net margin -77.8%
Return on equity -112%
Free cash flow 11.2M IDR FY2022
P/E ratio 16.4
More key figures
Operating margin -384%
EPS (TTM) 7.27 IDR
EPS growth (YoY) -76.7%
Net debt 96.8M IDR FY2022

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 54 · Market factors (momentum, volatility) 56

Profitability 7
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 81
Earnings quality: real cash, not paper profit
Fin. Strength 27
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 33
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 Tridomain Performance Materials Tbk engages in the manufacture and sale of specialty performance materials in Indonesia. The company offers water-based, solvent-based coating, and unsaturated polyester resins, as well as plasticizers and acrylamides.

Full company description

PT Tridomain Performance Materials Tbk engages in the manufacture and sale of specialty performance materials in Indonesia. The company offers water-based, solvent-based coating, and unsaturated polyester resins, as well as plasticizers and acrylamides. It also provides chemical trading and technical services in the form of selling formulas for producing various chemical products, as well as engineering services for the design, modification processes, and maintenance activities. The company's products are used in infrastructure, construction, automotive, environmental, and manufacturing industries. It also operates in the Asia Pacific, the Middle East, Australia, and New Zealand. The company was incorporated in 2003 and is based in Jakarta, Indonesia. PT Tridomain Performance Materials Tbk is a subsidiary of DH Corporation Ltd.

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

Revenue & earnings trend

FY2018 – FY2022 · reported fiscal years

PT Tridomain Performance Materials Tbk reported revenue of 63.5M IDR in FY2022 versus 268M IDR in FY2018, a compound −30.2%/yr. Reported net income was −49.4M IDR in FY2022.

Growth Quality 15/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2022)
63.5M IDR
Latest YoY
−20.2%
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.
−41.0%
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.
−16.8%
Avg. growth/yr (8Y) 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.
−10.4%
Revenue −30.2%/yr
FY18 268M IDR
FY19 309M IDR
FY20 199M IDR
FY21 79.6M IDR
FY22 63.5M IDR
Net income
FY18 12.3M IDR
FY19 15.6M IDR
FY20 −3.5M IDR
FY21 −78.6M IDR
FY22 −49.4M IDR

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Cite: Fair Value Calculator (2026). "PT Tridomain Performance Materials Tbk Fair Value". https://www.fairvalue-calculator.com/stock/TDPM

Peer Group

Specialty Chemicals · 673 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 55 · Above median
Fair Value upside +60% · Top 25%
Return on assets -17% · Bottom 25%
Net margin (TTM) -78% · Bottom 25%
Revenue growth -26% · Bottom 25%
Debt / equity 4.74× · Higher than 75% of peers

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 16.4× · Cheaper than median
P/B 6.44× · Pricier than 75% of peers
P/S (TTM) 1.97× · Pricier than median
P/FCF 11.1× · 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 100 · sector 0
FUTURE 0 · sector 19
PAST 0 · sector 23
HEALTH 0 · sector 95
DIVIDEND 0 · sector 25

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 Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Linde plc LIN $489.98 $222.03 -55%
Nan Ya Plastics Corporation 1303 181.50 TWD 255.83 TWD +41%
Wanhua Chemical Group 600309 ¥70.04 ¥68.03 -3%
Novozymes A/S NSISB kr 428.20 kr 179.66 -58%
Asian Paints Limited ASIANPAINT ₹2,689 ₹668.81 -75%
Solar Industries India Limited SOLARINDS ₹18,236 ₹2,793 -85%
Pidilite Industries Limited PIDILITIND ₹1,560 ₹351.84 -77%
PT Chandra Asri Pacific Tbk TPIA 1,805 IDR 2,888 IDR +60%
Linde India Limited LINDEINDIA ₹7,115 ₹757.93 -89%
Berger Paints India Limited BERGEPAINT ₹493.70 ₹164.29 -67%

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Frequently asked questions

Is PT Tridomain Performance Materials Tbk (TDPM) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 190.40 IDR versus a price of 119.00 IDR, about +60% (undervalued).
What is the fair value of TDPM?
Our model-based fair value for PT Tridomain Performance Materials Tbk is 190.40 IDR (as of Jul 17, 2026), built from audited fundamentals. The current price is 119.00 IDR.
What is the quality score of TDPM?
PT Tridomain Performance Materials Tbk has a Quality Score of 55/100. 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 Tridomain Performance Materials Tbk (TDPM)?
PT Tridomain Performance Materials Tbk reported trailing-twelve-month revenue of about 63.5M IDR (latest available figure, as of Jul 17, 2026).
What is the net profit margin of TDPM?
The net profit margin of PT Tridomain Performance Materials Tbk is about -77.8%, meaning it is currently running at a net loss. 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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