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PT Dana Brata Luhur Tbk (TEBE) Fair Value & Analysis

Industrials · ID · Market cap 1.3T IDR

PD PT Dana Brata Luhur Tbk TEBE · JK
Price1,090 IDR
Fair Value2,169 IDR
Upside+99.0%
Quality75/100
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Healthy Growth
Highly profitable · 29.0% net margin
Low debt · generates free cash flow
Ranks above peers (10/14)
Moderate moat 62/100
Evidence: High Range 1,627 IDR – 3,245 IDR Share as image

Fair value as of: Jul 19, 2026

From 26 valuation models · updated 22 days ago

Share price +7.9% over the past month.

A strong business, screening 99% undervalued on our models.

What matters now

  • The rarer combination: high quality (75/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (1,627 IDR). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (1,627 IDR to 3,245 IDR) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

4,078 IDR 193.01 IDR Fair Value 2,169 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range 193.01 IDR – 4,078 IDR · fair‑value band 1,627 IDR – 3,245 IDR · the 1,090 IDR price screens below the 2,169 IDR fair value. Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

PT Dana Brata Luhur Tbk (TEBE) currently trades at 1,090 IDR, while our model-based Fair Value estimate is 2,169 IDR, implying the stock looks roughly 99.0% undervalued today. The Quality Score stands at 75/100 (high quality), in the Industrials 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: high), always confirm before acting.

Over the trailing twelve months, PT Dana Brata Luhur Tbk generated revenue of 497B IDR at a net margin of 29.0%. Revenue grew 19.3% year over year. It earns a return on equity of 12.5%. The balance sheet holds a net cash position of 652B IDR. Fundamentals as of Jul 19, 2026

Our scenario range runs from 1,627 IDR (bear case) to 3,245 IDR (bull case); at 1,090 IDR, the current price sits below 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 73% below its 52-week high and 97% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 25% fair-value upside, at 99%, TEBE 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 3,129 IDR 5,580 IDR 10,746 IDR 80
Residual Income 863.13 IDR 1,017 IDR 2,375 IDR 76
Rev-Margin DCF 1,605 IDR 2,401 IDR 3,626 IDR 74
All 26 models by family
DCF Models
FCF DCF 3,289 IDR 4,993 IDR 10,563 IDR 38
Owner Earnings 2,983 IDR 6,308 IDR 13,601 IDR 31
5Y Revenue Exit 1,605 IDR 2,158 IDR 3,246 IDR 39
5Y EBITDA Exit 2,440 IDR 3,891 IDR 6,648 IDR 41
5Y P/E Exit 2,447 IDR 4,521 IDR 7,253 IDR 38
10Y Revenue Exit 2,048 IDR 3,160 IDR 3,884 IDR 36
10Y EBITDA Exit 2,684 IDR 4,910 IDR 8,973 IDR 37
10Y P/E Exit 2,689 IDR 4,926 IDR 8,791 IDR 35
Earnings-Based
Graham-Dodd 702.36 IDR 4,898 IDR 6,874 IDR 54
Lynch FV 1,671 IDR 2,387 IDR 3,103 IDR 50
PEG = 1.0 1,671 IDR 2,387 IDR 3,103 IDR 46
EPV 1,358 IDR 1,508 IDR 1,642 IDR 59
Dividend Discount
Gordon GGM 5.96 IDR 13.02 IDR 21.90 IDR 70
DDM Multi-Stage 5.96 IDR 10.66 IDR 13.57 IDR 61
Multiples
P/E Multiple 1,627 IDR 2,169 IDR 2,711 IDR 63
P/S Multiple 564.04 IDR 752.05 IDR 940.06 IDR 58
P/B Multiple 1,317 IDR 1,756 IDR 2,195 IDR 55
EV/EBIT 2,032 IDR 2,541 IDR 3,049 IDR 53
EV/EBITDA 2,124 IDR 2,663 IDR 3,202 IDR 54
EV/Revenue 980.84 IDR 1,184 IDR 1,387 IDR 43
Asset-Based
NCAV (Graham) 473.75 IDR 634.83 IDR 947.51 IDR 50
Growth DCF
Growth DCF 3,129 IDR 5,580 IDR 10,746 IDR 80
Rev-Margin DCF 1,605 IDR 2,401 IDR 3,626 IDR 74
Economic Profit
Residual Income 863.13 IDR 1,017 IDR 2,375 IDR 76
ROIC Compounder 1,623 IDR 2,250 IDR 2,814 IDR 72
Growth Earnings
Growth-Adj P/E 2,191 IDR 3,131 IDR 4,070 IDR 68

Widest divergence: DCF Models (4,521 IDR) versus Dividend Discount (10.66 IDR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 497B IDR
Revenue growth (YoY) +19.3%
Net margin 29.0%
Return on equity 12.5%
Free cash flow 200B IDR FY2025
P/E ratio 7.0
More key figures
Operating margin 10.6%
EPS (TTM) 112.28 IDR
EPS growth (YoY) +10,591%
Net cash 652B IDR FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 75/100

Of which business quality 76 · Market factors (momentum, volatility) 33

Profitability 52
Margins and returns on capital today
Quality Growth 31
Are margins and returns improving?
Cashflow 92
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 27
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 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.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Dana Brata Luhur Tbk 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.

Growth Quality 87/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
483B IDR
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.
+8.1%
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.
+8.3%
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.
+58.0%
Revenue +1.9%/yr
FY21 448B IDR
FY22 782B IDR
FY23 632B IDR
FY24 567B IDR
FY25 483B IDR
Net income −5.2%/yr
FY21 164B IDR
FY22 325B IDR
FY23 220B IDR
FY24 133B IDR
FY25 133B IDR

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Cite: Fair Value Calculator (2026). "PT Dana Brata Luhur Tbk Fair Value". https://www.fairvalue-calculator.com/stock/TEBE

Peer Group

Infrastructure Operations · 64 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 75 · Top 25%
Fair Value upside +99% · Top 25%
Return on equity (TTM) 12% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 29% · Top 25%
Operating margin (TTM) 11% · Below median
Revenue growth 19% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Infrastructure Operations median · lower = cheaper

P/E (TTM) 9.0× · Cheaper than 75% of peers
P/B 1.07× · Pricier than median
P/S (TTM) 2.63× · Pricier than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 2.8× · Cheaper 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 53
FUTURE 97 · sector 13
PAST 50 · sector 25
HEALTH 100 · sector 71
DIVIDEND 0 · sector 77

Insider activity: 40/100

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 Infrastructure Operations stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

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Frequently asked questions

Is PT Dana Brata Luhur Tbk (TEBE) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 2,169 IDR versus a price of 1,090 IDR, about +99% (undervalued).
What is the fair value of TEBE?
Our model-based fair value for PT Dana Brata Luhur Tbk is 2,169 IDR (as of Jul 19, 2026), built from audited fundamentals. The current price is 1,090 IDR.
What is the quality score of TEBE?
PT Dana Brata Luhur Tbk 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 revenue of PT Dana Brata Luhur Tbk (TEBE)?
PT Dana Brata Luhur Tbk reported trailing-twelve-month revenue of about 497B IDR (latest available figure, as of Jul 19, 2026).
What is the net profit margin of TEBE?
The net profit margin of PT Dana Brata Luhur Tbk is about 29.0%, meaning it keeps roughly 29.0% 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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