Trans Power Marine Tbk (TPMA) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Trans Power Marine Tbk IDR 1,563, price IDR 444, upside +252.0%, quality 36 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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PT Trans Power Marine Tbk engages in the provision of bulk cargo transportation and transshipment services primarily in Indonesia and Southeast Asia. It operates through two segments: Transshipment and Inter-Island Transportation. The company transports bulk commodities, such as coal, woodchips, nickel, clinker; purified gypsum; etc.
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PT Trans Power Marine Tbk engages in the provision of bulk cargo transportation and transshipment services primarily in Indonesia and Southeast Asia. It operates through two segments: Transshipment and Inter-Island Transportation. The company transports bulk commodities, such as coal, woodchips, nickel, clinker; purified gypsum; etc. The company was founded in 2005 and is headquartered in Jakarta Selatan, Indonesia. PT Trans Power Marine Tbk operates as a subsidiary of PT Dwitunggal Perkasa Mandiri.
Stock analysis
Trans Power Marine Tbk (TPMA) currently trades at 444.00 IDR, while our model-based Fair Value estimate is 1,563 IDR, implying the stock looks roughly 71.6% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 1,662 IDR per share, and 16 of the 16 models we run sit above the 444.00 IDR price.
Bear case: the Asset-Based group reads lowest at 450.61 IDR, and 0 of the 16 models stay below the price. Evidence for this calculation is low.
Scenario range: 1,146 IDR (bear) to 2,084 IDR (bull), the price of 444.00 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 36/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Trans Power Marine Tbk reported revenue of $112M in FY2025 versus $42.0M in FY2021, a compound +27.8%/yr. Reported net income was $17.6M in FY2025, compounding +45.3%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 1.6T IDR (≈ $86.8M) · P/E ratio 6.8 · P/S ratio 1.08 · EPS (TTM) 65.00 IDR · Net margin 15.7% · Return on equity 9.2% · Return on assets (EBIT) 11.9% · Operating margin 11.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 22% below its 52-week high and 35% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 57% fair-value upside, at 252%, TPMA screens cheaper than that median.
Fair Value models
Bear 1,146 IDRFair Value 1,563 IDRBull 2,084 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 (49.15 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.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.51/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−5.9%
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.
+21.3%
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.
+23.0%
Start year 2020 (pandemic). Over 10 years: +8.3% a year
Revenue growth 16 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.
+9.3%
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What shareholders gained per year (last 5 years) ⓘ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.
+27.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+27.4%
Dividend (yield on the price)0.0%
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.27.4% vs 21.1%, 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% → 21%
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 · 226 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score36 · Bottom 25%
Fair Value upside+200.0% · Top 25%
Profitability
Return on equity (TTM)9.2% · Above median
Return on assets4.7% · Above median
Net margin (TTM)11.3% · Below median
Operating margin (TTM)11.7% · Below median
Growth and dividend
Revenue growth−0.4% · Bottom 25%
Balance sheet
Debt / equity0.70× · Highest 25%
Valuation Multiplesvs Marine Shipping median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Trans Power Marine Tbk Fair Value". https://www.fairvalue-calculator.com/stock/TPMA
Frequently asked questions
Is Trans Power Marine Tbk (TPMA) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 1,563 IDR versus a price of 444.00 IDR, about +252% upside (undervalued).
What is the fair value of TPMA?
Our model-based fair value for Trans Power Marine Tbk is 1,563 IDR (as of Sep 24, 2026), built from audited fundamentals. The current price: 444.00 IDR.
What is the quality score of TPMA?
Trans Power Marine Tbk has a Quality Score of 36/100. 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 Trans Power Marine Tbk (TPMA)?
Our model-based price target is the fair value of 1,563 IDR (as of Sep 24, 2026) from 16 valuation models. Cautious scenario 1,146 IDR, optimistic scenario 2,084 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Trans Power Marine Tbk stock forecast for 2026?
Our models put fair value at 1,563 IDR, about +252% upside versus a price of 444.00 IDR (undervalued). Cautious scenario 1,146 IDR, optimistic scenario 2,084 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Trans Power Marine Tbk (TPMA)?
Trans Power Marine Tbk reported trailing-twelve-month revenue of about $113M (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Trans Power Marine Tbk (TPMA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Trans Power Marine Tbk it is 1,563 IDR per share (as of Sep 24, 2026), against a price of 444.00 IDR. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Trans Power Marine Tbk stock overvalued or undervalued in 2026?
As of Sep 24, 2026, TPMA trades below its calculated fair value: price 444.00 IDR, fair value 1,563 IDR, a gap of about +252% (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 TPMA?
No. The price is what the market pays today (444.00 IDR); the fair value is what the company's own numbers justify (1,563 IDR). For Trans Power Marine Tbk the two are 1,119 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Trans Power Marine Tbk worth?
The market values Trans Power Marine Tbk at about 1.6T IDR (market capitalisation, as of Sep 24, 2026). Per share that is 444.00 IDR; our models calculate a fair value of 1,563 IDR per share.
What do the bullish and bearish scenarios say about TPMA?
Our models span a range for Trans Power Marine Tbk: cautious scenario 1,146 IDR, base 1,563 IDR, optimistic 2,084 IDR per share (as of Sep 24, 2026, price 444.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TPMA?
Trans Power Marine Tbk trades at a price-to-earnings ratio of 6.8 (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 1,563 IDR is built from several models across several years. Other multiples: P/B 0.7, P/S 0.8, EV/EBITDA 3.6.
How solid is the balance sheet of Trans Power Marine Tbk (TPMA)?
Balance-sheet figures for Trans Power Marine Tbk (as of Sep 24, 2026): return on equity 9.2%, debt of 0.70 per unit of equity. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is TPMA from its 52-week high?
Trans Power Marine Tbk trades at 444.00 IDR, about 22% below its 52-week high of 571.21 IDR and 35% above the low of 330.00 IDR (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 1,563 IDR is for.
Which stocks are comparable to Trans Power Marine 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 Trans Power Marine Tbk stock attractive at the current price?
The data as of Sep 24, 2026: price 444.00 IDR, calculated fair value 1,563 IDR (+252%), Quality Score 36/100, 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 TPMA calculated?
We run Trans Power Marine Tbk through 16 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 1,563 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 14.5 % above its aggregate fair value. Trans Power Marine Tbk currently trades 72 % 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 Trans Power Marine Tbk (TPMA)?
The closing price on Oct 2, 2026 was 444.00 IDR. Our model-based fair value is 1,563 IDR, about +252% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Trans Power Marine Tbk right now?
The large discount to fair value meets weak quality (36/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (1,146 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 (1,146 IDR to 2,084 IDR) leaves room in how you read the outcome.
Where does the earnings growth of Trans Power Marine Tbk (TPMA) come from?
Earnings per share at Trans Power Marine Tbk grew +14.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +5.1 %, EBIT margin +4.0 %, tax rate +0.7 %, residual (interest, one-offs) +3.9 %. 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 Trans Power Marine Tbk
How large is the market capitalisation of Trans Power Marine Tbk (TPMA)?
The market capitalisation of Trans Power Marine Tbk is 1.6T IDR (≈ $86.8M). 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 Trans Power Marine Tbk (TPMA)?
The price-to-sales ratio of Trans Power Marine Tbk is 1.08 (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 Trans Power Marine Tbk (TPMA)?
Earnings per share at Trans Power Marine Tbk are 65.00 IDR (price ÷ EPS = P/E 6.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Trans Power Marine Tbk (TPMA)?
The net margin of Trans Power Marine Tbk is 15.7% (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 Trans Power Marine Tbk (TPMA)?
The return on equity (ROE) of Trans Power Marine Tbk is 9.2% (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 Trans Power Marine Tbk (TPMA)?
On an EBIT basis the return on assets of Trans Power Marine Tbk is 11.9% (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 Trans Power Marine Tbk (TPMA)?
The operating margin of Trans Power Marine Tbk is 11.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Trans Power Marine Tbk (TPMA)?
Revenue at Trans Power Marine Tbk is growing −0.4% versus a year earlier (3y avg +21.3%). 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 Trans Power Marine Tbk (TPMA)?
Earnings per share at Trans Power Marine Tbk are growing −86.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Trans Power Marine Tbk (TPMA) generate?
The free cash flow of Trans Power Marine Tbk is −$21.8M (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 Trans Power Marine Tbk (TPMA) carry?
The net debt of Trans Power Marine Tbk is $102M (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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