Dana Brata Luhur PT (TEBE) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Dana Brata Luhur PT IDR 2,935, price IDR 2,370, upside +23.8%, quality 75 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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PT Dana Brata Luhur Tbk provides coal logistic services in Indonesia. It operates through Management Fee; Mining Support Facilities and Heavy Equipment Rental; Mining; and Supply and Services of Ships, Passengers and Goods segments. It engages in the provision of coal port services, such as hauling roads and private ports.
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PT Dana Brata Luhur Tbk provides coal logistic services in Indonesia. It operates through Management Fee; Mining Support Facilities and Heavy Equipment Rental; Mining; and Supply and Services of Ships, Passengers and Goods segments. It engages in the provision of coal port services, such as hauling roads and private ports. It also operates a coal terminal located on the Barito River, as well as jetties. The company was founded in 2008 and is headquartered in Jakarta, Indonesia. PT Dana Brata Luhur Tbk operates as a subsidiary of PT. Dua Samudera Perkasa.
Stock analysis
Dana Brata Luhur PT (TEBE) currently trades at 2,370 IDR, while our model-based Fair Value estimate is 2,935 IDR, implying the stock looks roughly 19.2% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 3,384 IDR per share, and 14 of the 26 models we run sit above the 2,370 IDR price.
Bear case: the Asset-Based group reads lowest at 634.83 IDR, and 12 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: 2,103 IDR (bear) to 4,070 IDR (bull), the price of 2,370 IDR sits inside 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 75/100 (high quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Dana Brata Luhur PT reported revenue of 483B IDR in FY2025 versus 448B IDR in FY2021, a compound +1.9%/yr. Reported net income was 133B IDR in FY2025, compounding −5.2%/yr from FY2021.
Key figures
Market cap 1.3T IDR (≈ $72.9M) · P/E ratio 9.0 · P/S ratio 2.48 · EPS (TTM) 112.26 IDR · Dividend yield 0.1% · Net margin 27.5% · Return on equity 12.5% · Return on assets (EBIT) 20.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 42% below its 52-week high and 200% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at 24%, TEBE screens cheaper than that median.
Fair Value models
Bear 2,103 IDRFair Value 2,935 IDRBull 4,070 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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (82.43 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.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.87/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
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.
+8.1%
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.
+8.3%
Revenue growth 8 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.
+58.0%
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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.
+3.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+3.6%
Dividend (yield on the price)0.1%
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.4% vs 55%, 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.5% → 32%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+7.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Indonesia: IMF forecast 2.6% a year to 2030, 2.9% from 2016 to 2025) that is about +5.1% a year for the price.
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.Infrastructure Operations · 68 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score75 · Top 25%
Fair Value upside+24% · Above median
Profitability
Return on equity (TTM)12% · Top 25%
Return on assets9% · Top 25%
Net margin (TTM)29% · Top 25%
Operating margin (TTM)11% · Below median
Growth and dividend
Revenue growth19% · Top 25%
Dividend yield (TTM)0.1% · Bottom 25%
Valuation Multiplesvs Infrastructure Operations median · lower = cheaper
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). "Dana Brata Luhur PT Fair Value". https://www.fairvalue-calculator.com/stock/TEBE
Frequently asked questions
Is Dana Brata Luhur PT (TEBE) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 2,935 IDR versus a price of 2,370 IDR, about +24% upside (undervalued).
What is the fair value of TEBE?
Our model-based fair value for Dana Brata Luhur PT is 2,935 IDR (as of Sep 24, 2026), built from audited fundamentals. The current price: 2,370 IDR.
What is the quality score of TEBE?
Dana Brata Luhur PT has a Quality Score of 75/100. 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 Dana Brata Luhur PT (TEBE)?
Our model-based price target is the fair value of 2,935 IDR (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 2,103 IDR, optimistic scenario 4,070 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Dana Brata Luhur PT stock forecast for 2026?
Our models put fair value at 2,935 IDR, about +24% upside versus a price of 2,370 IDR (undervalued). Cautious scenario 2,103 IDR, optimistic scenario 4,070 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Dana Brata Luhur PT (TEBE)?
Dana Brata Luhur PT reported trailing-twelve-month revenue of about 497B IDR (latest available figure, as of Sep 24, 2026).
Does Dana Brata Luhur PT pay a dividend?
Dana Brata Luhur PT currently shows a dividend yield of about 0.06% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Dana Brata Luhur PT (TEBE)?
For today's price to be fair in a discounted-cash-flow model, Dana Brata Luhur PT would have to grow free cash flow by +7.9 % per year for five years (discount rate 13.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +19.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of TEBE use?
Our models discount Dana Brata Luhur PT at 13.5 %: a base by market capitalisation (micro), damped by beta 0.07, country premium for Indonesia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Dana Brata Luhur PT that is +7.9 % per year a year over ten years, using the same discount rate (13.5 %) and the same formula as our fair value.
How much growth has Dana Brata Luhur PT (TEBE) delivered so far?
Over the past 5 years revenue at Dana Brata Luhur PT grew +19.5 % a year. The price currently implies +7.9 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Dana Brata Luhur PT (TEBE) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into Dana Brata Luhur PT (+7.9 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Dana Brata Luhur PT (TEBE)?
The free-cash-flow yield on the price is 6.57 %: that much free cash flow Dana Brata Luhur PT produces per unit of market value. When it exceeds the discount rate of our models (13.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Dana Brata Luhur PT (TEBE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Dana Brata Luhur PT it is 2,935 IDR per share (as of Sep 24, 2026), against a price of 2,370 IDR. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Dana Brata Luhur PT stock overvalued or undervalued in 2026?
As of Sep 24, 2026, TEBE trades below its calculated fair value: price 2,370 IDR, fair value 2,935 IDR, a gap of about +24% (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 TEBE?
No. The price is what the market pays today (2,370 IDR); the fair value is what the company's own numbers justify (2,935 IDR). For Dana Brata Luhur PT the two are 564.54 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Dana Brata Luhur PT worth?
The market values Dana Brata Luhur PT at about 1.3T IDR (market capitalisation, as of Sep 24, 2026). Per share that is 2,370 IDR; our models calculate a fair value of 2,935 IDR per share.
What do the bullish and bearish scenarios say about TEBE?
Our models span a range for Dana Brata Luhur PT: cautious scenario 2,103 IDR, base 2,935 IDR, optimistic 4,070 IDR per share (as of Sep 24, 2026, price 2,370 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TEBE?
Dana Brata Luhur PT trades at a price-to-earnings ratio of 9.0 (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 2,935 IDR is built from several models across several years. Other multiples: P/B 1.1, P/S 2.6, EV/EBITDA 2.8.
How solid is the balance sheet of Dana Brata Luhur PT (TEBE)?
Balance-sheet figures for Dana Brata Luhur PT (as of Sep 24, 2026): return on equity 12.5%. They feed the Quality Score of 75/100, which measures business quality independently of the share price.
How far is TEBE from its 52-week high?
Dana Brata Luhur PT trades at 2,370 IDR, about 42% below its 52-week high of 4,078 IDR and 200% above the low of 790.00 IDR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 2,935 IDR is for.
Which stocks are comparable to Dana Brata Luhur PT?
From the same area (Industrials) we also value Transurban Group, China Merchants Expressway Network & Technology Holdings, Jiangsu Expressway Company, Shandong Hi-speed Company, 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 Dana Brata Luhur PT stock attractive at the current price?
The data as of Sep 24, 2026: price 2,370 IDR, calculated fair value 2,935 IDR (+24%), Quality Score 75/100, from 26 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 TEBE calculated?
We run Dana Brata Luhur PT through 26 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 2,935 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 14.0 % above its aggregate fair value. Dana Brata Luhur PT currently trades 24 % 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 Dana Brata Luhur PT (TEBE)?
The closing price on Sep 24, 2026 was 2,370 IDR. Our model-based fair value is 2,935 IDR, about +24% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Dana Brata Luhur PT right now?
A fairly wide model range (2,103 IDR to 4,070 IDR) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Dana Brata Luhur PT
How large is the market capitalisation of Dana Brata Luhur PT (TEBE)?
The market capitalisation of Dana Brata Luhur PT is 1.3T IDR (≈ $72.9M). 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 Dana Brata Luhur PT (TEBE)?
The price-to-sales ratio of Dana Brata Luhur PT is 2.48 (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 Dana Brata Luhur PT (TEBE)?
Earnings per share at Dana Brata Luhur PT are 112.26 IDR (price ÷ EPS = P/E 9.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Dana Brata Luhur PT (TEBE)?
The dividend yield of Dana Brata Luhur PT is 0.1% (payout 1.3%). 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 Dana Brata Luhur PT (TEBE)?
The net margin of Dana Brata Luhur PT is 27.5% (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 Dana Brata Luhur PT (TEBE)?
The return on equity (ROE) of Dana Brata Luhur PT is 12.5% (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 Dana Brata Luhur PT (TEBE)?
On an EBIT basis the return on assets of Dana Brata Luhur PT is 20.7% (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 Dana Brata Luhur PT (TEBE)?
The operating margin of Dana Brata Luhur PT is 10.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Dana Brata Luhur PT (TEBE)?
Revenue at Dana Brata Luhur PT is growing +19.3% versus a year earlier (3y avg −14.8%). 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 Dana Brata Luhur PT (TEBE)?
Earnings per share at Dana Brata Luhur PT are growing +106% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Dana Brata Luhur PT (TEBE) hold?
Dana Brata Luhur PT holds more cash than debt, 652B IDR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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