PT Temas Tbk (TMAS) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of PT Temas Tbk stock IDR 152, price IDR 114, upside +33.4%, quality 51 out of 100. Rating: undervalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range 18.36 IDR – 288.52 IDR · fair‑value band 106.46 IDR – 197.71 IDR · the 114.00 IDR price screens below the 152.09 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. As of Nov 5, 2026.
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PT Temas Tbk. engages in the transportation activities in Indonesia and internationally. It operates in two segments, Shipping and Stevedoring.
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The company offers cargo handling and seaport services, such as stevedoring and cargodoring services, receiving and shipping containers, rental of loading and, discharging equipment, warehousing and logistics distribution, general cargo handling, and trucking; shipping solution; and depot solutions, including inspection, repair and cleaning, stuffing and stripping, precool and preset, storage, warehousing, empty container trucking, and handling and rental heavy lift.
It is also involved in leasing of vessels; depot container management and related services; and transportation and energy procurement activities. The company was founded in 1987 and is headquartered in Jakarta Utara, Indonesia. PT Temas Tbk. is a subsidiary of Pt Temas Lestari.
Stock analysis
PT Temas Tbk (TMAS) currently trades at 114.00 IDR, while our model-based Fair Value estimate is 152.09 IDR, implying the stock looks roughly 25% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 166.80 IDR per share, and 7 of the 16 models we run sit above the 114.00 IDR price.
Bear case: the Asset-Based group reads lowest at 31.29 IDR, and 9 of the 16 models stay below the price. Data coverage for this calculation is low.
Scenario range: 106.46 IDR (bear) to 197.71 IDR (bull), the price of 114.00 IDR sits inside 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 51/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
PT Temas Tbk reported revenue of 4.3T IDR in FY2025 versus 3.4T IDR in FY2021, a compound +6.6%/yr. Reported net income was 499B IDR in FY2025, compounding −8.0%/yr from FY2021.
Key figures
Market cap 6.5T IDR (≈ $360M) Small · P/E ratio 10.0 · P/S ratio 1.31 · EPS (TTM) 11.44 IDR · Dividend yield 3.5% · Net margin 13.2% · Return on equity 22.1% · Return on assets (EBIT) 20.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 68 out of 100 (low confidence).
What moves the price
The share trades about 37% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 13% fair-value upside, at 33%, TMAS screens cheaper than that median.
Fair Value models
Bear106.46 IDRFair Value 152.09 IDRBull197.71 IDR
Price 114.00 IDR · Upside +33.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (9.81 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+0.1%
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.
−3.8%
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.
+10.2%
Start year 2020 (pandemic). Over 10 years: +10.4% a year
Revenue growth 22 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.
+15.6%
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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.
+43.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+40.0%
Dividend (yield on the price)3.5%
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.40.0% vs 8.0%, 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.10% → 12%
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.Marine Shipping · 220 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score51 · Below median
Fair Value upside+33.4% · Above median
Profitability
Return on equity (12 months)22.1% · Top 25%
Return on assets9.4% · Top 25%
Net margin (12 months)13.2% · Above median
Operating margin (12 months)21.7% · Above median
Growth and dividend
Revenue growth (quarter YoY)49.1% · Top 25%
Dividend yield (12 months)3.5% · Above median
Balance sheet
Debt / equity0.40× · Above median
Valuation Multiplesvs Marine Shipping median · lower = cheaper
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Cite: Fair Value Calculator (2026). "PT Temas Tbk Fair Value". https://www.fairvalue-calculator.com/stock/TMAS
Frequently asked questions
Is PT Temas Tbk (TMAS) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 152.09 IDR versus a price of 114.00 IDR, about +33% upside (undervalued).
What is the fair value of TMAS?
Our model-based fair value for PT Temas Tbk is 152.09 IDR (as of Nov 5, 2026), built from audited fundamentals. The current price: 114.00 IDR.
What is the quality score of TMAS?
PT Temas Tbk has a Quality Score of 51/100. 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 PT Temas Tbk (TMAS)?
Our model-based price target is the fair value of 152.09 IDR (as of Nov 5, 2026) from 16 valuation models. Cautious scenario 106.46 IDR, optimistic scenario 197.71 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the PT Temas Tbk stock forecast for 2026?
Our models put fair value at 152.09 IDR, about +33% upside versus a price of 114.00 IDR (undervalued). Cautious scenario 106.46 IDR, optimistic scenario 197.71 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of PT Temas Tbk (TMAS)?
PT Temas Tbk reported trailing-twelve-month revenue of about 5.0T IDR (latest available figure, as of Nov 5, 2026).
Does PT Temas Tbk pay a dividend?
PT Temas Tbk currently shows a dividend yield of 3.51% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of PT Temas Tbk (TMAS)?
PT Temas Tbk has a dividend yield of 3.5%.
What is the intrinsic value of PT Temas Tbk (TMAS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For PT Temas Tbk it is 152.09 IDR per share (as of Nov 5, 2026), against a price of 114.00 IDR. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is PT Temas Tbk stock overvalued or undervalued in 2026?
As of Nov 5, 2026, TMAS trades below its calculated fair value: price 114.00 IDR, fair value 152.09 IDR, a gap of about +33% (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 TMAS?
No. The price is what the market pays today (114.00 IDR); the fair value is what the company's own numbers justify (152.09 IDR). For PT Temas Tbk the two are 38.09 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is PT Temas Tbk worth?
The market values PT Temas Tbk at about 6.5T IDR (market capitalisation, as of Nov 5, 2026). Per share that is 114.00 IDR; our models calculate a fair value of 152.09 IDR per share.
What do the bullish and bearish scenarios say about TMAS?
Our models span a range for PT Temas Tbk: cautious scenario 106.46 IDR, base 152.09 IDR, optimistic 197.71 IDR per share (as of Nov 5, 2026, price 114.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TMAS?
PT Temas Tbk trades at a price-to-earnings ratio of 10.0 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 152.09 IDR is built from several models across several years. Other multiples: P/B 2.2, P/S 1.3, EV/EBITDA 6.1.
How solid is the balance sheet of PT Temas Tbk (TMAS)?
Balance-sheet figures for PT Temas Tbk (as of Nov 5, 2026): return on equity 22.1%, debt of 0.40 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is TMAS from its 52-week high?
PT Temas Tbk trades at 114.00 IDR, about 37% below its 52-week high of 180.71 IDR and 7% above the low of 107.00 IDR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 152.09 IDR is for.
Which stocks are comparable to PT Temas Tbk?
From the same area (Industrials) we also value Adani Ports and Special Economic Zone Limited, COSCO SHIPPING Holdings, Hapag-Lloyd Aktiengesellschaft,, Shanghai International Port (Group) Co, 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 PT Temas Tbk stock attractive at the current price?
The data as of Nov 5, 2026: price 114.00 IDR, calculated fair value 152.09 IDR (+33%), Quality Score 51/100, from 16 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 TMAS calculated?
We run PT Temas Tbk through 16 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 152.09 IDR builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. PT Temas Tbk currently trades 25% 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 PT Temas Tbk (TMAS)?
The closing price on Nov 6, 2026 was 114.00 IDR. Our model-based fair value is 152.09 IDR, about +33% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with PT Temas Tbk right now?
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 (51/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (106.46 IDR to 197.71 IDR) leaves room in how you read the outcome.
Where does the earnings growth of PT Temas Tbk (TMAS) come from?
Earnings per share at PT Temas Tbk grew +11.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +11.3 %, EBIT margin −1.2 %, tax rate −0.4 %, residual (interest, one-offs) +1.7 %. 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 PT Temas Tbk
How large is the market capitalisation of PT Temas Tbk (TMAS)?
The market capitalisation of PT Temas Tbk is 6.5T IDR (≈ $360M). 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 PT Temas Tbk (TMAS)?
The price-to-sales ratio of PT Temas Tbk is 1.31 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of PT Temas Tbk (TMAS)?
Earnings per share at PT Temas Tbk are 11.44 IDR (price ÷ EPS = P/E 10.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of PT Temas Tbk (TMAS)?
The dividend yield of PT Temas Tbk is 3.5% (payout 35.0%). 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 PT Temas Tbk (TMAS)?
The net margin of PT Temas Tbk is 13.2% (last twelve months). 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 PT Temas Tbk (TMAS)?
The return on equity (ROE) of PT Temas Tbk is 22.1% (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 PT Temas Tbk (TMAS)?
On an EBIT basis the return on assets of PT Temas Tbk is 20.8% (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 PT Temas Tbk (TMAS)?
The operating margin of PT Temas Tbk is 21.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at PT Temas Tbk (TMAS)?
Revenue at PT Temas Tbk is growing +49.1% versus a year earlier (3y avg −3.8%). 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 PT Temas Tbk (TMAS)?
Earnings per share at PT Temas Tbk are growing +89.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does PT Temas Tbk (TMAS) generate?
The free cash flow of PT Temas Tbk is −557B IDR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does PT Temas Tbk (TMAS) carry?
The net debt of PT Temas Tbk is 1.2T IDR (fiscal year 2025). 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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Nov 5, 2026