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PT Tigaraksa Satria Tbk, (TGKA) Fair Value & Analysis

Consumer Defensive · ID · Market cap 4.4T IDR

PT PT Tigaraksa Satria Tbk, TGKA · JK
Price4,950 IDR
Fair Value7,566 IDR
Upside+52.9%
Quality63/100
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Weak Growth
Thin margins · 3.1% net margin
Low debt · generates free cash flow
Ranks above peers (10/14)
Narrow moat 42/100
Evidence: High Range 5,674 IDR – 9,457 IDR Share as image

Fair value as of: Jul 18, 2026

From 26 valuation models · updated 23 days ago

Share price +0.2% over the past month.

A solid business, screening 53% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (5,674 IDR). The market is more pessimistic than our downside scenario.
  • Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

6,910 IDR 4,376 IDR Fair Value 7,566 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range 4,376 IDR – 6,910 IDR · fair‑value band 5,674 IDR – 9,457 IDR · the 4,950 IDR price screens below the 7,566 IDR fair value. Dashed = 300-day average. As of Jul 18, 2026.

Full chart & analysis →

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Analysis

PT Tigaraksa Satria Tbk, (TGKA) currently trades at 4,950 IDR, while our model-based Fair Value estimate is 7,566 IDR, implying the stock looks roughly 52.9% undervalued today. The Quality Score stands at 63/100 (solid quality), in the Consumer Defensive 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 Tigaraksa Satria Tbk, generated revenue of 13.4T IDR at a net margin of 3.1%. Revenue grew 11.4% year over year. It earns a return on equity of 16.5%. The balance sheet holds a net cash position of 474B IDR. Fundamentals as of Jul 18, 2026

Our scenario range runs from 5,674 IDR (bear case) to 9,457 IDR (bull case); at 4,950 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 34% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -26% fair-value upside, at 53%, TGKA 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 13,308 IDR 20,320 IDR 31,076 IDR 80
Residual Income 2,944 IDR 3,600 IDR 8,343 IDR 76
Rev-Margin DCF 7,178 IDR 10,056 IDR 13,504 IDR 74
All 26 models by family
DCF Models
FCF DCF 13,104 IDR 21,099 IDR 34,230 IDR 38
Owner Earnings 6,816 IDR 10,773 IDR 17,271 IDR 31
5Y Revenue Exit 7,178 IDR 9,918 IDR 13,279 IDR 39
5Y EBITDA Exit 7,838 IDR 11,178 IDR 14,991 IDR 41
5Y P/E Exit 8,975 IDR 13,346 IDR 17,935 IDR 38
10Y Revenue Exit 8,982 IDR 12,058 IDR 16,009 IDR 36
10Y EBITDA Exit 9,538 IDR 12,961 IDR 17,370 IDR 37
10Y P/E Exit 10,286 IDR 14,518 IDR 19,710 IDR 35
Earnings-Based
Graham-Dodd 3,026 IDR 10,296 IDR 13,810 IDR 54
Lynch FV 2,361 IDR 3,374 IDR 4,386 IDR 50
PEG = 1.0 2,361 IDR 3,374 IDR 4,386 IDR 46
EPV 3,774 IDR 4,324 IDR 4,813 IDR 59
Dividend Discount
Gordon GGM 3,174 IDR 6,930 IDR 11,660 IDR 70
DDM Multi-Stage 3,174 IDR 5,580 IDR 7,222 IDR 61
Multiples
P/E Multiple 7,010 IDR 9,346 IDR 11,683 IDR 63
P/S Multiple 5,674 IDR 7,566 IDR 9,457 IDR 58
P/B Multiple 5,674 IDR 7,566 IDR 9,457 IDR 55
EV/EBIT 5,919 IDR 7,673 IDR 9,428 IDR 53
EV/EBITDA 5,777 IDR 7,484 IDR 9,191 IDR 54
EV/Revenue 4,413 IDR 6,022 IDR 7,632 IDR 43
Asset-Based
NCAV (Graham) 1,267 IDR 1,698 IDR 2,534 IDR 50
Growth DCF
Growth DCF 13,308 IDR 20,320 IDR 31,076 IDR 80
Rev-Margin DCF 7,178 IDR 10,056 IDR 13,504 IDR 74
Economic Profit
Residual Income 2,944 IDR 3,600 IDR 8,343 IDR 76
ROIC Compounder 4,038 IDR 5,076 IDR 6,373 IDR 72
Growth Earnings
Growth-Adj P/E 5,982 IDR 8,546 IDR 11,110 IDR 68

Widest divergence: DCF Models (12,058 IDR) versus Asset-Based (1,698 IDR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 13.4T IDR
Revenue growth (YoY) +11.4%
Net margin 3.1%
Return on equity 16.5%
Free cash flow 932B IDR FY2025
P/E ratio 10.5
More key figures
Operating margin 3.3%
EPS (TTM) 453.14 IDR
EPS growth (YoY) +7.1%
Net cash 474B IDR FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 65 · Market factors (momentum, volatility) 49

Profitability 55
Margins and returns on capital today
Quality Growth 25
Are margins and returns improving?
Cashflow 69
Earnings quality: real cash, not paper profit
Fin. Strength 79
Balance sheet, leverage, solvency risk
Investment 74
Disciplined investing over empire-building
Low Volatility 82
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 28
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 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.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT 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.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
13.1T IDR
Latest YoY
−2.2%
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.
+0.2%
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.
+0.9%
Avg. growth/yr (25Y) 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.
+10.5%
Revenue +2.3%/yr
FY21 11.9T IDR
FY22 13.0T IDR
FY23 14.2T IDR
FY24 13.4T IDR
FY25 13.1T IDR
Net income −4.0%/yr
FY21 481B IDR
FY22 478B IDR
FY23 457B IDR
FY24 412B IDR
FY25 409B IDR
Character of growth · EPS growth decomposed (2014-2025) +9.9 % p.a.
Revenue per share +4.0 pp

of which total revenue +4.0 pp · buybacks/dilution +0.0 pp

EBIT margin −0.3 pp
Tax rate +0.4 pp
Residual (interest, one-offs) +5.8 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).

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Cite: Fair Value Calculator (2026). "PT Tigaraksa Satria Tbk, Fair Value". https://www.fairvalue-calculator.com/stock/TGKA

Peer Group

Food Distribution · 77 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 63 · Top 25%
Fair Value upside +53% · Top 25%
Return on equity (TTM) 17% · Above median
Return on assets 5% · Above median
Net margin (TTM) 3% · Above median
Operating margin (TTM) 3% · Above median
Revenue growth 11% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Food Distribution median · lower = cheaper

P/E (TTM) 10.5× · Cheaper than median
P/B 1.87× · Pricier than median
P/S (TTM) 0.32× · Pricier than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 9.0× · Pricier than median

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 21
FUTURE 57 · sector 14
PAST 66 · sector 36
HEALTH 99 · sector 94
DIVIDEND 0 · sector 42

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 Food Distribution stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Sysco Corporation SYY $81.69 $60.58 -26%
US Foods Holding USFD $99.13 $55.10 -44%
Performance Food Group PFGC $113.17 $37.94 -66%
Jerónimo Martins, SGPS, S.A JMT €17.68 €21.59 +22%
CP Axtra Public Company CPAXT 14.90 THB 17.04 THB +14%
The Chefs' Warehouse, Inc CHEF $95.79 $37.27 -61%
Olam Group VC2 1.33 SGD 2.12 SGD +59%
United Natural Foods, Inc UNFI $50.19 $6.00 -88%
The Andersons, Inc ANDE $79.24 $47.78 -40%
Metcash Limited MTS A$2.92 A$5.33 +83%

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Frequently asked questions

Is PT Tigaraksa Satria Tbk, (TGKA) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 7,566 IDR versus a price of 4,950 IDR, about +53% (undervalued).
What is the fair value of TGKA?
Our model-based fair value for PT Tigaraksa Satria Tbk, is 7,566 IDR (as of Jul 18, 2026), built from audited fundamentals. The current price is 4,950 IDR.
What is the quality score of TGKA?
PT 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 revenue of PT Tigaraksa Satria Tbk, (TGKA)?
PT Tigaraksa Satria Tbk, reported trailing-twelve-month revenue of about 13.4T IDR (latest available figure, as of Jul 18, 2026).
What is the net profit margin of TGKA?
The net profit margin of PT Tigaraksa Satria Tbk, is about 3.1%, meaning it keeps roughly 3.1% 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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