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Trisula International Tbk (TRIS) Fair Value & Analysis

Consumer Cyclical · ID · Market cap 510B IDR (≈ $51.0M) · ISIN ID1000123102

What is Trisula International Tbk really worth?

TI Trisula International Tbk TRIS · JK
Price177.00 IDR
Fair Value433.54 IDR
Upside+144.9%
Quality64/100

A solid business, trading 59% below our fair value of 433.54 IDR.

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Strengths

Healthy Growth (revenue 5y +8.7 %/yr)
Low debt · generates free cash flow
Ranks above peers (10/11)

Risks

!Thin margins · 3.5% net margin
!Moderate moat 46/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range 325.16 IDR – 541.93 IDR

Fair value as of: Aug 28, 2026

From 26 valuation models · updated 7 days ago

Share price +5.4% over the past month.

What runs behind every stock

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

What matters now

  • The price is below even our cautious bear case (325.16 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.
  • Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.

Price vs Fair Value (5 years)

272.50 IDR 85.12 IDR Fair Value 433.54 IDR Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 28, 2026.

How to read this chart

60‑month range 85.12 IDR – 272.50 IDR · fair‑value band 325.16 IDR – 541.93 IDR · the 177.00 IDR price screens below the 433.54 IDR fair value. Dashed = 300-day average. As of Aug 28, 2026.

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Analysis

Trisula International Tbk (TRIS) currently trades at 177.00 IDR, while our model-based Fair Value estimate is 433.54 IDR, implying the stock looks roughly 59.2% undervalued today. The Quality Score stands at 64/100 (solid quality), in the Consumer Cyclical sector. Bull case: the DCF Models group reads highest at a median of 557.71 IDR per share, and 21 of the 26 models we run sit above the 177.00 IDR price. Bear case: the Asset-Based group reads lowest at 116.00 IDR, and 5 of the 26 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Trisula International Tbk generated revenue of 1.8T IDR at a net margin of 3.5%. Revenue grew 13.2% year over year. It earns a return on equity of 13.3%. Net debt stands at 86.3B IDR. Fundamentals as of Aug 28, 2026

Our scenario range runs from 325.16 IDR (bear case) to 541.93 IDR (bull case); at 177.00 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 35% below its 52-week high and 35% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at −20% fair-value upside, at 145%, TRIS screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 2.49 IDR per share, which is 0.6 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

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
FCF DCF 353.74 IDR 557.71 IDR 893.60 IDR 79
Growth DCF 358.72 IDR 537.30 IDR 811.73 IDR 78
Owner Earnings 158.77 IDR 236.49 IDR 364.48 IDR 76
All 26 models by family
DCF Models
FCF DCF 353.74 IDR 557.71 IDR 893.60 IDR 79
Owner Earnings 158.77 IDR 236.49 IDR 364.48 IDR 76
5Y Revenue Exit 411.03 IDR 669.71 IDR 1,007 IDR 72
5Y EBITDA Exit 478.33 IDR 798.31 IDR 1,179 IDR 74
5Y P/E Exit 338.37 IDR 530.86 IDR 736.02 IDR 71
10Y Revenue Exit 375.15 IDR 612.40 IDR 944.47 IDR 66
10Y EBITDA Exit 433.00 IDR 704.82 IDR 1,082 IDR 67
10Y P/E Exit 340.97 IDR 512.63 IDR 728.89 IDR 64
Earnings-Based
Graham-Dodd 134.00 IDR 460.13 IDR 617.67 IDR 64
Lynch FV 106.08 IDR 151.54 IDR 197.01 IDR 61
PEG = 1.0 106.08 IDR 151.54 IDR 197.01 IDR 57
EPV 379.74 IDR 439.92 IDR 493.41 IDR 74
Dividend Discount
Gordon GGM 68.99 IDR 150.61 IDR 253.41 IDR 65
DDM Multi-Stage 68.99 IDR 121.81 IDR 156.96 IDR 66
Multiples
P/E Multiple 325.16 IDR 433.54 IDR 541.93 IDR 63
P/S Multiple 251.26 IDR 335.01 IDR 418.76 IDR 58
P/B Multiple 251.26 IDR 335.01 IDR 418.76 IDR 55
EV/EBIT 655.77 IDR 861.44 IDR 1,067 IDR 66
EV/EBITDA 595.96 IDR 781.70 IDR 967.43 IDR 67
EV/Revenue 454.66 IDR 632.91 IDR 811.16 IDR 54
Asset-Based
NCAV (Graham) 86.57 IDR 116.00 IDR 173.13 IDR 54
Growth DCF
Growth DCF 358.72 IDR 537.30 IDR 811.73 IDR 78
Rev-Margin DCF 411.03 IDR 665.97 IDR 966.01 IDR 72
Economic Profit
Residual Income 160.44 IDR 188.51 IDR 366.76 IDR 72
ROIC Compounder 408.96 IDR 514.37 IDR 639.01 IDR 72
Growth Earnings
Growth-Adj P/E 276.93 IDR 395.62 IDR 514.30 IDR 67

Widest divergence: DCF Models (557.71 IDR) versus Asset-Based (116.00 IDR). Highest evidence: FCF DCF (79).

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Key figures & financial health

P/E ratio 48.1
P/S ratio 1.69 P/E × margin
EPS (TTM) 3.68 IDR price ÷ EPS = P/E 48.1
Dividend yield 5.1%
Net margin 3.5% FY2025
Return on equity 13.3% TTM
More key figures
Profitability
Return on assets (EBIT) 8.3% avg 5y
Operating margin 8.4% TTM
Growth
Revenue (TTM) 1.8T IDR TTM
Revenue growth (YoY) +13.2% 3y avg +5.0%
EPS growth (YoY) +5.8%
Balance sheet & cash flow
Free cash flow 79.2B IDR FY2025
Net debt 86.3B IDR FY2025 · ≈ 1.1 yrs of FCF

Figures from reported company fundamentals · as of Aug 28, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 64 · Market factors (momentum, volatility) 42

Profitability 54
Margins and returns on capital today
Quality Growth 62
Are margins and returns improving?
Cashflow 49
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 78
Disciplined investing over empire-building
Low Volatility 53
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 32
Distance to the 52-week high (market factor)
Net Issuance 90
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 Trisula International Tbk, together with its subsidiaries, designs and manufactures garments in Indonesia. It operates through four segments: Manufacturing, Distribution, Uniform, and Retail.

Full company description

PT Trisula International Tbk, together with its subsidiaries, designs and manufactures garments in Indonesia. It operates through four segments: Manufacturing, Distribution, Uniform, and Retail. The company offers fabrics, jackets, ladies bottom, trouser, casual, corporate uniforms, and functional clothing, lower garment products, golf sportswear, protective wear jacket and trouser, and others. It is also involved in yarn spinning, weaving, dyeing, bleaching, and fabric finishing. In addition, the company provides uniforms for various sectors, including corporations, banking institutions, hotels, government agencies, airlines, and international organizations. It markets and distributes textile and garments products through physical stores and e-commerce platforms. The company also exports its products. PT Trisula International Tbk was incorporated in 1968 and is headquartered in Jakarta, Indonesia. PT Trisula International Tbk operates as a subsidiary of PT Inti Nusa Damai.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Trisula International Tbk reported revenue of 1.7T IDR in FY2025 versus 1.1T IDR in FY2021, a compound +12.1%/yr. Reported net income was 61.0B IDR in FY2025, compounding +90.1%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.

Growth Quality 78/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
1.7T IDR
Latest YoY
+14.2%
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.
+5.0%
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.
+8.7%
Avg. revenue growth/yr (14Y) 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.
+9.8%
Value creation/yr (5Y, in IDR) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. 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.
+83.4% (78.3 + 5.1)
Revenue +12.1%/yr
FY21 1.1T IDR
FY22 1.5T IDR
FY23 1.5T IDR
FY24 1.5T IDR
FY25 1.7T IDR
Net income +90.1%/yr
FY21 4.7B IDR
FY22 34.2B IDR
FY23 38.1B IDR
FY24 46.8B IDR
FY25 61.0B IDR
Character of growth · EPS growth decomposed (2014-2025) −1.2 % p.a.
Revenue per share −4.9 %

of which total revenue +7.3 % · buybacks/dilution −11.4 %

EBIT margin +1.6 %
Tax rate +2.0 %
Residual (interest, one-offs) +0.3 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Trisula International Tbk Fair Value". https://www.fairvalue-calculator.com/stock/TRIS

Peer Group

Apparel Manufacturing · 218 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 64 · Top 25%
Fair Value upside +145% · Top 25%
Return on equity (TTM) 13% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 3% · Above median
Operating margin (TTM) 8% · Above median
Revenue growth 13% · Top 25%
Dividend yield (TTM) 5.1% · Above median
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Apparel Manufacturing median · lower = cheaper

P/E (TTM) 48.1× · Pricier than 75% of peers
P/FCF 0.0× · Cheaper 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 29
FUTURE66 · sector 2
PAST53 · sector 19
HEALTH99 · sector 98
DIVIDEND100 · sector 55

Insider activity: 30/100

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 Apparel Manufacturing stocks, each showing price versus our Fair Value estimate (as of Aug 28, 2026).

Stock Price Fair Value vs Fair Value
H & M Hennes & Mauritz AB HMB kr 174.25 kr 165.47 −5%
Ralph Lauren Corporation RL $396.35 $220.38 −44%
Moncler S.p.A MONC €46.15 €50.69 +10%
Gildan Activewear Inc GIL C$75.50 C$45.60 −40%
LPP SA LPP 22,220 PLN 17,754 PLN −20%
Levi Strauss & Co LEVI $21.05 $15.20 −28%
V.F. Corporation VFC $13.67 $10.44 −24%
Bosideng International Holdings 3998 HK$4.42 HK$5.92 +34%
Youngor Fashion Co 600177 ¥7.91 ¥5.59 −29%
Kontoor Brands, Inc KTB $82.01 $85.76 +5%

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Frequently asked questions

Is Trisula International Tbk (TRIS) overvalued or undervalued?
As of Aug 28, 2026, our model estimates a fair value of 433.54 IDR versus a price of 177.00 IDR, about +145% upside (undervalued).
What is the fair value of TRIS?
Our model-based fair value for Trisula International Tbk is 433.54 IDR (as of Aug 28, 2026), built from audited fundamentals. The current price: 177.00 IDR.
What is the quality score of TRIS?
Trisula International Tbk has a Quality Score of 64/100. 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 revenue of Trisula International Tbk (TRIS)?
Trisula International Tbk reported trailing-twelve-month revenue of about 1.8T IDR (latest available figure, as of Aug 28, 2026).
What is the net profit margin of TRIS?
The net profit margin of Trisula International Tbk is about 3.5%, meaning it keeps roughly 3.5% of revenue as net income. Based on the latest reported figures.
Does Trisula International Tbk pay a dividend?
Trisula International Tbk currently shows a dividend yield of about 5.12% relative to its recent price (as of Aug 28, 2026).
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