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Terregra Asia Energy PT (TGRA) Fair Value & Analysis

Utilities · ID · Market cap 74.3B IDR (≈ $7.4M) · ISIN ID1000138902

What is Terregra Asia Energy PT really worth?

TA Terregra Asia Energy PT TGRA · JK
Price from Aug 24, 202627.00 IDR
Fair Value49.75 IDR
Upside+84.3%
Quality37/100

Below-average quality, trading 46% below our fair value of 49.75 IDR.

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Risks

!Weak Growth (revenue 5y −53.6 %/yr)
!Thin margins · 0.0% net margin
!Low debt · negative free cash flow
!Trails peers (2/7)
!Narrow moat 10/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range 37.13 IDR – 74.26 IDR

Fair value as of: Sep 1, 2026

From 1 valuation models · updated today

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The large discount to fair value meets weak quality (37/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (37.13 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.
  • A fairly wide model range (37.13 IDR to 74.26 IDR) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

206.00 IDR 10.00 IDR Fair Value 49.75 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 1, 2026.

How to read this chart

60‑month range 10.00 IDR – 206.00 IDR · fair‑value band 37.13 IDR – 74.26 IDR · the 27.00 IDR price screens below the 49.75 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 1, 2026.

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Analysis

Terregra Asia Energy PT (TGRA) currently trades at 27.00 IDR, while our model-based Fair Value estimate is 49.75 IDR, implying the stock looks roughly 45.7% undervalued today. The Quality Score stands at 37/100 (below-average quality), in the Utilities sector. How firm this estimate is: it rests on 1 models at a data quality of 76/100, which puts the evidence level at low.

It earns a return on equity of −9.1%. Net debt stands at 8.6B IDR. Fundamentals as of Sep 1, 2026

Our scenario range runs from 37.13 IDR (bear case) to 74.26 IDR (bull case); at 27.00 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 13% below its 52-week high, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at −12% fair-value upside, at 84%, TGRA screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
NCAV (Graham) best evidence 48.28 IDR 64.70 IDR 96.57 IDR 54
All 1 models by family
Asset-Based
NCAV (Graham) best evidence 48.28 IDR 64.70 IDR 96.57 IDR 54

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Key figures & financial health

EPS (TTM) −10.36 IDR
Return on equity −9.1% TTM
Return on assets (EBIT) −1.3% avg 5y
EPS growth (YoY) +59.9%
Free cash flow −6.9B IDR FY2024
Net debt 8.6B IDR FY2024

Figures from reported company fundamentals · as of Sep 1, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 37/100

Of which business quality 35 · Market factors (momentum, volatility) 56

Profitability 0
Margins and returns on capital today
Quality Growth 22
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 46
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

PT. Terregra Asia Energy Tbk develops, builds, and operates renewable energy projects in Indonesia. The company operates through two segments, Trading, and Hydro Power Plant. It is involved in developing hydro and solar power projects. The company was formerly known as PT. Mitra Megatama Perkasa and changed its name to PT. Terregra Asia Energy Tbk in 2016.

Full company description

PT. Terregra Asia Energy Tbk develops, builds, and operates renewable energy projects in Indonesia. The company operates through two segments, Trading, and Hydro Power Plant. It is involved in developing hydro and solar power projects. The company was formerly known as PT. Mitra Megatama Perkasa and changed its name to PT. Terregra Asia Energy Tbk in 2016. The company was incorporated in 1995 and is headquartered in Jakarta Selatan, Indonesia.

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

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Terregra Asia Energy PT reported revenue of 0 IDR in FY2024 versus 12.4B IDR in FY2020. Reported net income was −23.1B IDR in FY2024.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2023)
977M IDR
Latest YoY
−92.9%
Avg. revenue 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.
−57.2%
Avg. revenue 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.
−53.6%
Avg. revenue growth/yr (12Y) 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.
−1.6%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2024 is a loss year, no rate is defined from a loss
not computed
Revenue
FY20 12.4B IDR
FY21 38.7B IDR
FY22 13.8B IDR
FY23 977M IDR
FY24 0 IDR
Net income
FY20 4.3B IDR
FY21 6.2B IDR
FY22 5.9B IDR
FY23 −8.4B IDR
FY24 −23.1B IDR

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Cite: Fair Value Calculator (2026). "Terregra Asia Energy PT Fair Value". https://www.fairvalue-calculator.com/stock/TGRA

Peer Group

Utilities - Renewable · 217 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 35 · Below median
Fair Value upside +84% · Top 25%
Return on assets −2% · Bottom 25%
Net margin (TTM) 0% · Below median
Operating margin (TTM) 0% · Bottom 25%
Debt / equity 0.04× · Lower than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 7
FUTURE0 · sector 0
PAST0 · sector 12
HEALTH98 · sector 68
DIVIDEND0 · sector 45

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

Similar stocks

10 more Utilities - Renewable stocks, each showing price versus our Fair Value estimate (as of Sep 1, 2026).

Stock Price Fair Value vs Fair Value
China Yangtze Power Co 600900 ¥27.96 ¥25.13 −10%
Ørsted A/S ORSTED kr 139.25 kr 31.40 −77%
Huaneng Lancang River Hydropower Inc 600025 ¥9.79 ¥5.57 −43%
Adani Green Energy Limited ADANIGREEN ₹1,319 ₹169.61 −87%
AXIA Energia SA AXIAP $10.74 $9.49 −12%
VERBUND AG OEWA €57.00 €66.19 +16%
BEP BEP $32.49 $70.40 +117%
BEPUN BEPUN C$45.05 C$42.83 −5%
Fortum Oyj FORTUM €19.80 €13.55 −32%
China Longyuan Power Group 001289 ¥15.92 ¥7.55 −53%

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Frequently asked questions

Is Terregra Asia Energy PT (TGRA) overvalued or undervalued?
As of Sep 1, 2026, our model estimates a fair value of 49.75 IDR versus the last price from Aug 24, 2026 of 27.00 IDR, about +84% upside (undervalued).
What is the fair value of TGRA?
Our model-based fair value for Terregra Asia Energy PT is 49.75 IDR (as of Sep 1, 2026), built from audited fundamentals. Last price (from Aug 24, 2026): 27.00 IDR.
What is the quality score of TGRA?
Terregra Asia Energy PT has a Quality Score of 37/100. 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 net profit margin of TGRA?
The net profit margin of Terregra Asia Energy PT is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
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