PT Trust Finance Indonesia Tbk (TRUS) Fair Value & Analysis
Financial Services · ID · Market cap 352B IDR
Fair value as of: Jul 11, 2026
From 11 valuation models · updated 30 days ago
Share price −6.8% over the past month.
A solid business, but screening 22% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (394.53 IDR). The favourable scenario is already priced in.
- Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.
How to read this chart
60‑month range 212.60 IDR – 1,363 IDR · fair‑value band 235.49 IDR – 394.53 IDR · the 410.00 IDR price screens above the 317.87 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 11, 2026.
Analysis
PT Trust Finance Indonesia Tbk (TRUS) currently trades at 410.00 IDR, while our model-based Fair Value estimate is 317.87 IDR, implying the stock looks roughly 22.5% overvalued today. The Quality Score stands at 68/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, PT Trust Finance Indonesia Tbk generated revenue of 41.5B IDR at a net margin of 39.1%. Revenue declined 40.2% year over year. It earns a return on equity of 4.0%. The balance sheet holds a net cash position of 184B IDR. Fundamentals as of Jul 11, 2026
Our scenario range runs from 235.49 IDR (bear case) to 394.53 IDR (bull case); at 410.00 IDR, the current price sits above 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 19% below its 52-week high and 92% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -41% fair-value upside, at -22%, TRUS screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.
All 11 models by family
Widest divergence: Growth DCF (1,534 IDR) versus Dividend Discount (204.41 IDR). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 70 · Market factors (momentum, volatility) 51
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.
About the company
PT Trust Finance Indonesia Tbk provides financing services in Indonesia. The company offers finances to passenger and commercial vehicles, as well as heavy equipment, including excavators, bulldozers, and others. It provides services through agents and distributors.
Full company description
PT Trust Finance Indonesia Tbk provides financing services in Indonesia. The company offers finances to passenger and commercial vehicles, as well as heavy equipment, including excavators, bulldozers, and others. It provides services through agents and distributors. The company was formerly known as PT KIA Asia Finance and changed its name to PT Trust Finance Indonesia Tbk in February 2002. PT Trust Finance Indonesia Tbk was founded in 1990 and is headquartered in Jakarta, Indonesia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
PT Trust Finance Indonesia Tbk reported revenue of 46.2B IDR in FY2025 versus 47.1B IDR in FY2021, a compound −0.5%/yr. Reported net income was 19.3B IDR in FY2025, compounding −5.2%/yr from FY2021.
of which total revenue +4.8 pp · buybacks/dilution +0.0 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
TRUS screens 22% overvalued. Compare with Visa Inc →
Peer Group
Credit Services · 331 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.
Valuation Multiples vs Credit Services median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Credit Services stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Visa Inc V | $348.97 | $204.19 | -41% |
| Mastercard Incorporated MA | $537.70 | $221.87 | -59% |
| American Express Company AXP | $358.44 | $206.40 | -42% |
| Bajaj Finance Limited BAJFINANCE | ₹1,056 | ₹397.61 | -62% |
| Shriram Finance Limited SHRIRAMFIN | ₹1,024 | ₹553.83 | -46% |
| Cholamandalam Investment and Finance Company CHOLAFIN | ₹1,808 | ₹796.52 | -56% |
| Tata Capital Limited TATACAP | ₹360.60 | ₹229.85 | -36% |
| Power Finance Corporation PFC | ₹405.10 | ₹810.20 | +100% |
| Muthoot Finance Limited MUTHOOTFIN | ₹3,129 | ₹3,463 | +11% |
| Indian Railway Finance Corporation IRFC | ₹88.41 | ₹69.72 | -21% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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