Trimegah Securities Tbk (TRIM) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Trimegah Securities Tbk stock IDR 966, price IDR 570, upside +69.5%, quality 54 out of 100. Rating: strongly undervalued. Calculated from audited financials with 9 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 8, 2026.
How to read this chart
60‑month range 104.83 IDR – 850.00 IDR · fair‑value band 421.93 IDR – 1,356 IDR · the 570.00 IDR price screens below the 966.42 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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PT Trimegah Sekuritas Indonesia Tbk engages in securities brokerage and underwriting, and investment management activities in Indonesia. It is also involved in financial advisory and mutual fund activities.
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The company was formerly known as PT Trimegah Securities Tbk and changed its name to PT Trimegah Sekuritas Indonesia Tbk in July 2016. PT Trimegah Sekuritas Indonesia Tbk was founded in 1990 and is headquartered in Jakarta, Indonesia.
Stock analysis
Trimegah Securities Tbk (TRIM) currently trades at 570.00 IDR, while our model-based Fair Value estimate is 966.42 IDR, implying the stock looks roughly 41% undervalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of 2,655 IDR per share, and 5 of the 9 models we run sit above the 570.00 IDR price.
Bear case: the Asset-Based group reads lowest at 194.44 IDR, and 4 of the 9 models stay below the price. Data coverage for this calculation is low.
Scenario range: 421.93 IDR (bear) to 1,356 IDR (bull), the price of 570.00 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 54/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Trimegah Securities Tbk reported revenue of 1.7T IDR in FY2025 versus 453B IDR in FY2021, a compound +38.8%/yr. Reported net income was 593B IDR in FY2025, compounding +83.9%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 4.1T IDR (≈ $228M) Micro · P/E ratio 5.7 · P/S ratio 2.31 · EPS (TTM) 100.72 IDR · Dividend yield 0.2% · Net margin 40.3% · Return on equity 36.0% · Return on assets (EBIT) 10.3% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 84 out of 100 (low confidence).
What moves the price
The share trades about 33% below its 52-week high and 23% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −11% fair-value upside, at 70%, TRIM screens cheaper than that median.
Fair Value models
Bear421.93 IDRFair Value 966.42 IDRBull1,356 IDR
Price 570.00 IDR · Upside +69.5%
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 (85.51 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.60/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+85.4%
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.
+39.9%
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.
+32.1%
Start year 2020 (pandemic). Over 10 years: +17.3% a year
Revenue growth 25 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.
+13.3%
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What shareholders gained per year (last 5 years), in IDR (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+79.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+79.1%
Dividend (yield on the price)0.2%
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.62.8% vs 33.0%, 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.27% → 52%
2025 sits 234% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Compare Trimegah Securities Tbk with another stock
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.Capital Markets · 384 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score54 · Below median
Fair Value upside+69.5% · Above median
Profitability
Return on equity (12 months)36.0% · Top 25%
Return on assets8.7% · Top 25%
Net margin (12 months)40.3% · Top 25%
Operating margin (12 months)51.3% · Above median
Growth and dividend
Revenue growth (quarter YoY)66.8% · Top 25%
Dividend yield (12 months)0.2% · Bottom 25%
Balance sheet
Debt / equity1.14× · Highest 25%
Valuation Multiplesvs Capital Markets median · lower = cheaper
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Is Trimegah Securities Tbk (TRIM) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 966.42 IDR versus a price of 570.00 IDR, about +70% upside (undervalued).
What is the fair value of TRIM?
Our model-based fair value for Trimegah Securities Tbk is 966.42 IDR (as of Nov 8, 2026), built from audited fundamentals. The current price: 570.00 IDR.
What is the quality score of TRIM?
Trimegah Securities Tbk has a Quality Score of 54/100. 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 Trimegah Securities Tbk (TRIM)?
Our model-based price target is the fair value of 966.42 IDR (as of Nov 8, 2026) from 9 valuation models. Cautious scenario 421.93 IDR, optimistic scenario 1,356 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Trimegah Securities Tbk stock forecast for 2026?
Our models put fair value at 966.42 IDR, about +70% upside versus a price of 570.00 IDR (undervalued). Cautious scenario 421.93 IDR, optimistic scenario 1,356 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Trimegah Securities Tbk (TRIM)?
Trimegah Securities Tbk reported trailing-twelve-month revenue of about 1.8T IDR (latest available figure, as of Nov 8, 2026).
Does Trimegah Securities Tbk pay a dividend?
Trimegah Securities Tbk currently shows a dividend yield of 0.18% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Trimegah Securities Tbk (TRIM) and when is the ex-dividend date?
Trimegah Securities Tbk pays a dividend of 1.00 IDR per share a year, a dividend yield of 0.2%. The last ex-dividend date was Jul 1, 2026. The payout ratio is 1.0% of earnings. Our assessment: Token dividend. At a yield of 0.2% the dividend is symbolic. On paper it is not fully covered by earnings or free cash flow, but at this size that hardly matters: even scrapping it entirely would cost less than 0.2% a year, and coverage ratios on amounts this small swing with ordinary working-capital movements. Judge this company on its business, not on its dividend.
What is the intrinsic value of Trimegah Securities Tbk (TRIM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Trimegah Securities Tbk it is 966.42 IDR per share (as of Nov 8, 2026), against a price of 570.00 IDR. It is the blended result of 9 valuation models in 6 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Trimegah Securities Tbk stock overvalued or undervalued in 2026?
As of Nov 8, 2026, TRIM trades below its calculated fair value: price 570.00 IDR, fair value 966.42 IDR, a gap of about +70% (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 TRIM?
No. The price is what the market pays today (570.00 IDR); the fair value is what the company's own numbers justify (966.42 IDR). For Trimegah Securities Tbk the two are 396.42 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Trimegah Securities Tbk worth?
The market values Trimegah Securities Tbk at about 4.1T IDR (market capitalisation, as of Nov 8, 2026). Per share that is 570.00 IDR; our models calculate a fair value of 966.42 IDR per share.
What do the bullish and bearish scenarios say about TRIM?
Our models span a range for Trimegah Securities Tbk: cautious scenario 421.93 IDR, base 966.42 IDR, optimistic 1,356 IDR per share (as of Nov 8, 2026, price 570.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TRIM?
Trimegah Securities Tbk trades at a price-to-earnings ratio of 5.7 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 966.42 IDR is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 13.7. Other multiples: P/B 2.0, P/S 2.3, EV/EBITDA 6.4.
How solid is the balance sheet of Trimegah Securities Tbk (TRIM)?
Balance-sheet figures for Trimegah Securities Tbk (as of Nov 8, 2026): return on equity 36.0%, debt of 1.14 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is TRIM from its 52-week high?
Trimegah Securities Tbk trades at 570.00 IDR, about 33% below its 52-week high of 850.00 IDR and 23% above the low of 465.22 IDR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 966.42 IDR is for.
Which stocks are comparable to Trimegah Securities Tbk?
From the same area (Financial Services) we also value Morgan Stanley, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, 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 Trimegah Securities Tbk stock attractive at the current price?
The data as of Nov 8, 2026: price 570.00 IDR, calculated fair value 966.42 IDR (+70%), Quality Score 54/100, from 9 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 TRIM calculated?
We run Trimegah Securities Tbk through 9 models from 6 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 966.42 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. Trimegah Securities Tbk currently trades 41% 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 Trimegah Securities Tbk (TRIM)?
The closing price on Nov 6, 2026 was 570.00 IDR. Our model-based fair value is 966.42 IDR, about +70% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Trimegah Securities Tbk right now?
The model range is unusually wide (421.93 IDR to 1,356 IDR). The outcome hinges heavily on assumptions, so read the point estimate with caution. 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 (54/100) at a price below fair value, the discount is the argument here, not the business quality. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Trimegah Securities Tbk (TRIM) come from?
Earnings per share at Trimegah Securities Tbk grew +26.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share +14.1 %, EBIT margin +16.9 %, tax rate +6.3 %, residual (interest, one-offs) −11.1 %. 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 Trimegah Securities Tbk
How large is the market capitalisation of Trimegah Securities Tbk (TRIM)?
The market capitalisation of Trimegah Securities Tbk is 4.1T IDR (≈ $228M). 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 Trimegah Securities Tbk (TRIM)?
The price-to-sales ratio of Trimegah Securities Tbk is 2.31 (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 Trimegah Securities Tbk (TRIM)?
Earnings per share at Trimegah Securities Tbk are 100.72 IDR (price ÷ EPS = P/E 5.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Trimegah Securities Tbk (TRIM)?
The dividend yield of Trimegah Securities Tbk is 0.2% (payout 1.0%). 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 Trimegah Securities Tbk (TRIM)?
The net margin of Trimegah Securities Tbk is 40.3% (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 Trimegah Securities Tbk (TRIM)?
The return on equity (ROE) of Trimegah Securities Tbk is 36.0% (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 Trimegah Securities Tbk (TRIM)?
On an EBIT basis the return on assets of Trimegah Securities Tbk is 10.3% (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 Trimegah Securities Tbk (TRIM)?
The operating margin of Trimegah Securities Tbk is 51.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Trimegah Securities Tbk (TRIM)?
Revenue at Trimegah Securities Tbk is growing +66.8% versus a year earlier (3y avg +39.9%). 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 Trimegah Securities Tbk (TRIM)?
Earnings per share at Trimegah Securities Tbk are growing +237% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Trimegah Securities Tbk (TRIM) generate?
The free cash flow of Trimegah Securities Tbk is −1.7T 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 Trimegah Securities Tbk (TRIM) carry?
The net debt of Trimegah Securities Tbk is 2.9T 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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Thin data
Nov 8, 2026