Tifa Finance Tbk (TIFA) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Tifa Finance Tbk IDR 236, price IDR 300, upside -21.5%, quality 66 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 214.00 IDR – 1,139 IDR · fair‑value band 126.93 IDR – 275.70 IDR · the 300.00 IDR price screens above the 235.56 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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PT KDB Tifa Finance Tbk engages in the investment financing, working capital financing, and multipurpose financing businesses in Indonesia. The company operates through four segments: Finance Lease, Multipurpose Financing, Sharia Financing, and Treasury.
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PT KDB Tifa Finance Tbk engages in the investment financing, working capital financing, and multipurpose financing businesses in Indonesia. The company operates through four segments: Finance Lease, Multipurpose Financing, Sharia Financing, and Treasury. The company offers Finance Lease, Installment, Opeating Lease, and infrastructure Financing; Business Capital Facility; Factoring with Recourse, as well as Sharia financing comprising Ijarah Muntahiyah Bit Tamlik and Murabahah services. The company was formerly known as PT Tifa Finance Tbk and changed its name to PT KDB Tifa Finance Tbk in September 2020. The company was founded in 1989 and is headquartered in Jakarta Selatan, Indonesia. PT KDB Tifa Finance Tbk operates as a subsidiary of The Korea Development Bank.
Stock analysis
Tifa Finance Tbk (TIFA) currently trades at 300.00 IDR, while our model-based Fair Value estimate is 235.56 IDR, implying the stock looks roughly 27.4% overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of 243.67 IDR per share, and 2 of the 13 models we run sit above the 300.00 IDR price.
Bear case: the Growth DCF group reads lowest at 94.30 IDR, and 11 of the 13 models stay below the price. Evidence for this calculation is low.
Scenario range: 126.93 IDR (bear) to 275.70 IDR (bull), the price of 300.00 IDR sits above 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 66/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Tifa Finance Tbk reported revenue of 177B IDR in FY2025 versus 114B IDR in FY2021, a compound +11.6%/yr. Reported net income was 66.3B IDR in FY2025, compounding +25.5%/yr from FY2021.
Key figures
Market cap 1.1T IDR (≈ $59.6M) · P/E ratio 17.2 · P/S ratio 6.46 · EPS (TTM) 17.42 IDR · Dividend yield 7.6% · Net margin 37.5% · Return on equity 5.1% · Return on assets (EBIT) 4.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 48% below its 52-week high and 40% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −32% fair-value upside, at −21%, TIFA screens cheaper than that median.
Fair Value models
Bear 126.93 IDRFair Value 235.56 IDRBull 275.70 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 (12.79 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.63/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−0.6%
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.
+5.5%
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.
+2.8%
Start year 2020 (pandemic). Over 10 years: −4.8% a year
Revenue growth 17 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.
+7.3%
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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.
+12.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+4.7%
Dividend (yield on the price)7.6%
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.5% vs −2%, picking up
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.16% → 61%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 3.7%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+16.2%
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 +13.3% 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.Credit Services · 331 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score66 · Top 25%
Fair Value upside−22% · Below median
Profitability
Return on equity (TTM)5% · Below median
Return on assets3% · Above median
Net margin (TTM)44% · Top 25%
Operating margin (TTM)24% · Below median
Growth and dividend
Revenue growth−8% · Bottom 25%
Dividend yield (TTM)7.6% · Top 25%
Balance sheet
Debt / equity0.24× · Below median
Valuation Multiplesvs Credit Services median · lower = cheaper
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Is Tifa Finance Tbk (TIFA) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 235.56 IDR versus a price of 300.00 IDR, about −21% upside (overvalued).
What is the fair value of TIFA?
Our model-based fair value for Tifa Finance Tbk is 235.56 IDR (as of Sep 24, 2026), built from audited fundamentals. The current price: 300.00 IDR.
What is the quality score of TIFA?
Tifa Finance Tbk has a Quality Score of 66/100. 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 Tifa Finance Tbk (TIFA)?
Our model-based price target is the fair value of 235.56 IDR (as of Sep 24, 2026) from 13 valuation models. Cautious scenario 126.93 IDR, optimistic scenario 275.70 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Tifa Finance Tbk stock forecast for 2026?
Our models put fair value at 235.56 IDR, about −21% upside versus a price of 300.00 IDR (overvalued). Cautious scenario 126.93 IDR, optimistic scenario 275.70 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Tifa Finance Tbk (TIFA)?
Tifa Finance Tbk reported trailing-twelve-month revenue of about 142B IDR (latest available figure, as of Sep 24, 2026).
Does Tifa Finance Tbk pay a dividend?
Tifa Finance Tbk currently shows a dividend yield of about 7.63% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Tifa Finance Tbk (TIFA)?
For today's price to be fair in a discounted-cash-flow model, Tifa Finance Tbk would have to grow free cash flow by +16.2 % per year for five years (discount rate 10.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.8 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of TIFA use?
Our models discount Tifa Finance Tbk at 10.5 %: a base by market capitalisation (nano), damped by beta 0.04, 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 Tifa Finance Tbk that is +16.2 % per year a year over ten years, using the same discount rate (10.5 %) and the same formula as our fair value.
How much growth has Tifa Finance Tbk (TIFA) delivered so far?
Over the past 5 years revenue at Tifa Finance Tbk grew +2.8 % a year. The price currently implies +16.2 % 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 Tifa Finance Tbk (TIFA) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into Tifa Finance Tbk (+16.2 % 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 Tifa Finance Tbk (TIFA)?
The free-cash-flow yield on the price is 5.58 %: that much free cash flow Tifa Finance Tbk produces per unit of market value. When it exceeds the discount rate of our models (10.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Tifa Finance Tbk (TIFA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tifa Finance Tbk it is 235.56 IDR per share (as of Sep 24, 2026), against a price of 300.00 IDR. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Tifa Finance Tbk stock overvalued or undervalued in 2026?
As of Sep 24, 2026, TIFA trades above its calculated fair value: price 300.00 IDR, fair value 235.56 IDR, a gap of about −21% (overvalued). 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 TIFA?
No. The price is what the market pays today (300.00 IDR); the fair value is what the company's own numbers justify (235.56 IDR). For Tifa Finance Tbk the two are 64.44 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Tifa Finance Tbk worth?
The market values Tifa Finance Tbk at about 1.1T IDR (market capitalisation, as of Sep 24, 2026). Per share that is 300.00 IDR; our models calculate a fair value of 235.56 IDR per share.
What do the bullish and bearish scenarios say about TIFA?
Our models span a range for Tifa Finance Tbk: cautious scenario 126.93 IDR, base 235.56 IDR, optimistic 275.70 IDR per share (as of Sep 24, 2026, price 300.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TIFA?
Tifa Finance Tbk trades at a price-to-earnings ratio of 17.2 (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 235.56 IDR is built from several models across several years. Other multiples: P/B 0.9, P/S 7.5, EV/EBITDA 11.9.
How solid is the balance sheet of Tifa Finance Tbk (TIFA)?
Balance-sheet figures for Tifa Finance Tbk (as of Sep 24, 2026): return on equity 5.1%, debt of 0.24 per unit of equity. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is TIFA from its 52-week high?
Tifa Finance Tbk trades at 300.00 IDR, about 48% below its 52-week high of 576.27 IDR and 40% above the low of 214.00 IDR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 235.56 IDR is for.
Which stocks are comparable to Tifa Finance Tbk?
From the same area (Financial Services) we also value Visa Inc, Mastercard Incorporated, American Express Company, Capital One Financial Corporation, 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 Tifa Finance Tbk stock attractive at the current price?
The data as of Sep 24, 2026: price 300.00 IDR, calculated fair value 235.56 IDR (−21%), Quality Score 66/100, from 13 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 TIFA calculated?
We run Tifa Finance Tbk through 13 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 235.56 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 13.0 % above its aggregate fair value. Tifa Finance Tbk itself currently trades above fair value. 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 Tifa Finance Tbk (TIFA)?
The closing price on Sep 24, 2026 was 300.00 IDR. Our model-based fair value is 235.56 IDR, about −21% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tifa Finance Tbk right now?
The price sits above even our optimistic bull case (275.70 IDR). The favourable scenario is already priced in. Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (126.93 IDR to 275.70 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.
Where does the earnings growth of Tifa Finance Tbk (TIFA) come from?
Earnings per share at Tifa Finance Tbk grew −3.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share −14.7 %, EBIT margin +6.0 %, tax rate +2.5 %, residual (interest, one-offs) +4.1 %. 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 Tifa Finance Tbk
How large is the market capitalisation of Tifa Finance Tbk (TIFA)?
The market capitalisation of Tifa Finance Tbk is 1.1T IDR (≈ $59.6M). 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 Tifa Finance Tbk (TIFA)?
The price-to-sales ratio of Tifa Finance Tbk is 6.46 (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 Tifa Finance Tbk (TIFA)?
Earnings per share at Tifa Finance Tbk are 17.42 IDR (price ÷ EPS = P/E 17.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Tifa Finance Tbk (TIFA)?
The dividend yield of Tifa Finance Tbk is 7.6% (payout 131%). 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 Tifa Finance Tbk (TIFA)?
The net margin of Tifa Finance Tbk is 37.5% (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 Tifa Finance Tbk (TIFA)?
The return on equity (ROE) of Tifa Finance Tbk is 5.1% (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 Tifa Finance Tbk (TIFA)?
On an EBIT basis the return on assets of Tifa Finance Tbk is 4.4% (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 Tifa Finance Tbk (TIFA)?
The operating margin of Tifa Finance Tbk is 23.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tifa Finance Tbk (TIFA)?
Revenue at Tifa Finance Tbk is growing −7.6% versus a year earlier (3y avg +5.5%). 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 Tifa Finance Tbk (TIFA)?
Earnings per share at Tifa Finance Tbk are growing −50.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Tifa Finance Tbk (TIFA) carry?
The net debt of Tifa Finance Tbk is 721B IDR (fiscal year 2025, ≈ 12.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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