Tigaraksa Satria Tbk (TGKA) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Tigaraksa Satria Tbk IDR 7,533, price IDR 4,970, upside +51.6%, quality 63 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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PT Tigaraksa Satria Tbk, together with its subsidiaries, engages in the trade and distribution of various consumer products in Indonesia. The company operates through Food and Consumer Products, Gas (LPG) and Other Kitchen Appliances, and Books segments.
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PT Tigaraksa Satria Tbk, together with its subsidiaries, engages in the trade and distribution of various consumer products in Indonesia. The company operates through Food and Consumer Products, Gas (LPG) and Other Kitchen Appliances, and Books segments. It sells and distributes food and beverage, baby and child nutrition, home care, cold chain, body care, and other consumer products; and educational toys, books, prayer watches, cooking and home appliances, bamboo hijab and towels, beauty products, home living products, and bedding sets through an online platform under the name Tira S&D, as well as applications under the name Tiramart. It also distributes and sales gas stoves; regulators, family and party grills, and cooker hoods; and electrical kitchen appliances, such as smart cookers, blenders, juicers, pressure cookers, double pans, and food processors. In addition, the company is involved in the provision of gas refilling services for households, warehouse services with Cold Storage facilities, transportation services for frozen and chilled products; and production and packing of powdered milk, drink, and sugar products. It offers its products to wholesalers, shops and stalls, hypermarkets, and supermarkets, as well as mini markets, sub-distributors, and e-commerce outlets. It offers its products under the Blue Gaz, Always Ahead, Tira Grosir, Tigaraksa, Mengapa Begini, Mengapa Begitu, Widya Wiyata Pertama, Tira Commerce, and Tira Smart Family. PT Tigaraksa Satria Tbk was founded in 1986 and is based in Jakarta Selatan, Indonesia.
Stock analysis
Tigaraksa Satria Tbk (TGKA) currently trades at 4,970 IDR, while our model-based Fair Value estimate is 7,533 IDR, implying the stock looks roughly 34.0% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 10,618 IDR per share, and 18 of the 26 models we run sit above the 4,970 IDR price.
Bear case: the Asset-Based group reads lowest at 1,698 IDR, and 8 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: 5,674 IDR (bear) to 9,287 IDR (bull), the price of 4,970 IDR sits below 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 63/100 (solid quality), in the Consumer Defensive sector.
Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Tigaraksa Satria Tbk reported revenue of 13.1T IDR in FY2025 versus 11.9T IDR in FY2021, a compound +2.3%/yr. Reported net income was 409B IDR in FY2025, compounding −4.0%/yr from FY2021.
Key figures
Market cap 4.6T IDR (≈ $456M) · P/E ratio 11.0 · P/S ratio 0.34 · EPS (TTM) 453.14 IDR · Dividend yield 7.0% · Net margin 3.1% · Return on equity 16.5% · Return on assets (EBIT) 12.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 14% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −10% fair-value upside, at 52%, TGKA screens cheaper than that median.
Fair Value models
Bear 5,674 IDRFair Value 7,533 IDRBull 9,287 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 (331.48 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.40/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
−2.2%
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.
+0.2%
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.
+0.9%
Start year 2020 (pandemic). Over 10 years: +3.2% a year
Revenue growth 25 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.
+10.5%
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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.
+3.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.1%
Dividend (yield on the price)7.0%
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.−3% vs 8%, 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% → 3%
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).
−18.6%
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 −20.7% 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.Food Distribution · 86 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score63 · Top 25%
Fair Value upside+52% · Above median
Profitability
Return on equity (TTM)17% · Top 25%
Return on assets5% · Above median
Net margin (TTM)3% · Above median
Operating margin (TTM)3% · Above median
Growth and dividend
Revenue growth11% · Top 25%
Dividend yield (TTM)7.0% · Top 25%
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Food Distribution median · lower = cheaper
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Is Tigaraksa Satria Tbk (TGKA) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 7,533 IDR versus a price of 4,970 IDR, about +52% upside (undervalued).
What is the fair value of TGKA?
Our model-based fair value for Tigaraksa Satria Tbk is 7,533 IDR (as of Sep 24, 2026), built from audited fundamentals. The current price: 4,970 IDR.
What is the quality score of TGKA?
Tigaraksa Satria Tbk has a Quality Score of 63/100. 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 Tigaraksa Satria Tbk (TGKA)?
Our model-based price target is the fair value of 7,533 IDR (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 5,674 IDR, optimistic scenario 9,287 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Tigaraksa Satria Tbk stock forecast for 2026?
Our models put fair value at 7,533 IDR, about +52% upside versus a price of 4,970 IDR (undervalued). Cautious scenario 5,674 IDR, optimistic scenario 9,287 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Tigaraksa Satria Tbk (TGKA)?
Tigaraksa Satria Tbk reported trailing-twelve-month revenue of about 13.4T IDR (latest available figure, as of Sep 24, 2026).
Does Tigaraksa Satria Tbk pay a dividend?
Tigaraksa Satria Tbk currently shows a dividend yield of about 6.96% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Tigaraksa Satria Tbk (TGKA)?
For today's price to be fair in a discounted-cash-flow model, Tigaraksa Satria Tbk would have to grow free cash flow by -18.6 % 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 +0.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of TGKA use?
Our models discount Tigaraksa Satria Tbk at 13.5 %: a base by market capitalisation (small), 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 Tigaraksa Satria Tbk that is -18.6 % 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 Tigaraksa Satria Tbk (TGKA) delivered so far?
Over the past 5 years revenue at Tigaraksa Satria Tbk grew +0.9 % a year. The price currently implies -18.6 % 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 Tigaraksa Satria Tbk (TGKA) growing?
The median revenue growth in the sector is +2.8 % a year. That is the yardstick for the growth priced into Tigaraksa Satria Tbk (-18.6 % 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 Tigaraksa Satria Tbk (TGKA)?
The free-cash-flow yield on the price is 20.41 %: that much free cash flow Tigaraksa Satria Tbk 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 Tigaraksa Satria Tbk (TGKA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tigaraksa Satria Tbk it is 7,533 IDR per share (as of Sep 24, 2026), against a price of 4,970 IDR. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Tigaraksa Satria Tbk stock overvalued or undervalued in 2026?
As of Sep 24, 2026, TGKA trades below its calculated fair value: price 4,970 IDR, fair value 7,533 IDR, a gap of about +52% (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 TGKA?
No. The price is what the market pays today (4,970 IDR); the fair value is what the company's own numbers justify (7,533 IDR). For Tigaraksa Satria Tbk the two are 2,563 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Tigaraksa Satria Tbk worth?
The market values Tigaraksa Satria Tbk at about 4.6T IDR (market capitalisation, as of Sep 24, 2026). Per share that is 4,970 IDR; our models calculate a fair value of 7,533 IDR per share.
What do the bullish and bearish scenarios say about TGKA?
Our models span a range for Tigaraksa Satria Tbk: cautious scenario 5,674 IDR, base 7,533 IDR, optimistic 9,287 IDR per share (as of Sep 24, 2026, price 4,970 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TGKA?
Tigaraksa Satria Tbk trades at a price-to-earnings ratio of 11.0 (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 7,533 IDR is built from several models across several years. Other multiples: P/B 2.0, P/S 0.3, EV/EBITDA 9.5.
How solid is the balance sheet of Tigaraksa Satria Tbk (TGKA)?
Balance-sheet figures for Tigaraksa Satria Tbk (as of Sep 24, 2026): return on equity 16.5%, debt of 0.03 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is TGKA from its 52-week high?
Tigaraksa Satria Tbk trades at 4,970 IDR, about 6% below its 52-week high of 5,296 IDR and 14% above the low of 4,376 IDR (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 7,533 IDR is for.
Which stocks are comparable to Tigaraksa Satria Tbk?
From the same area (Consumer Defensive) we also value Sysco Corporation, US Foods Holding, Performance Food Group, Jerónimo Martins, SGPS, S.A, 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 Tigaraksa Satria Tbk stock attractive at the current price?
The data as of Sep 24, 2026: price 4,970 IDR, calculated fair value 7,533 IDR (+52%), Quality Score 63/100, 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 TGKA calculated?
We run Tigaraksa Satria Tbk 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 7,533 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 14.1 % above its aggregate fair value. Tigaraksa Satria Tbk currently trades 52 % 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 Tigaraksa Satria Tbk (TGKA)?
The closing price on Sep 23, 2026 was 4,970 IDR. Our model-based fair value is 7,533 IDR, about +52% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tigaraksa Satria Tbk right now?
The price is below even our cautious bear case (5,674 IDR). The market is more pessimistic than our downside scenario. 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 quality (63/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Tigaraksa Satria Tbk (TGKA) come from?
Earnings per share at Tigaraksa Satria Tbk grew +9.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +4.0 %, EBIT margin −0.3 %, tax rate +0.4 %, residual (interest, one-offs) +5.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Tigaraksa Satria Tbk
How large is the market capitalisation of Tigaraksa Satria Tbk (TGKA)?
The market capitalisation of Tigaraksa Satria Tbk is 4.6T IDR (≈ $456M). 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 Tigaraksa Satria Tbk (TGKA)?
The price-to-sales ratio of Tigaraksa Satria Tbk is 0.34 (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 Tigaraksa Satria Tbk (TGKA)?
Earnings per share at Tigaraksa Satria Tbk are 453.14 IDR (price ÷ EPS = P/E 11.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Tigaraksa Satria Tbk (TGKA)?
The dividend yield of Tigaraksa Satria Tbk is 7.0% (payout 76.4%). 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 Tigaraksa Satria Tbk (TGKA)?
The net margin of Tigaraksa Satria Tbk is 3.1% (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 Tigaraksa Satria Tbk (TGKA)?
The return on equity (ROE) of Tigaraksa Satria Tbk is 16.5% (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 Tigaraksa Satria Tbk (TGKA)?
On an EBIT basis the return on assets of Tigaraksa Satria Tbk is 12.0% (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 Tigaraksa Satria Tbk (TGKA)?
The operating margin of Tigaraksa Satria Tbk is 3.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tigaraksa Satria Tbk (TGKA)?
Revenue at Tigaraksa Satria Tbk is growing +11.4% versus a year earlier (3y avg +0.2%). 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 Tigaraksa Satria Tbk (TGKA)?
Earnings per share at Tigaraksa Satria Tbk are growing +7.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Tigaraksa Satria Tbk (TGKA) hold?
Tigaraksa Satria Tbk holds more cash than debt, 474B IDR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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