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Terang Dunia Internusa Tbk Pt (UNTD) Fair Value & Analysis

Consumer Cyclical · ID · Market cap 500B IDR (≈ $50.0M)

TD Terang Dunia Internusa Tbk Pt UNTD · JK
Price82.00 IDR
Fair Value63.54 IDR
Upside-22.5%
Quality22/100
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Risks

!Trades 29% ABOVE our fair value of 63.54 IDR
!Weak Growth (revenue 3y −0.5 %/yr)
!Loss-making · -11.1% net margin
!Low debt · negative free cash flow
Weak Growth (revenue 3y −0.5 %/yr)
Loss-making · -11.1% net margin
Low debt · negative free cash flow
Trails peers (3/9)
Narrow moat 15/100
Evidence: Low Range 59.04 IDR – 67.42 IDR Share as image

Fair value as of: Aug 14, 2026

From 7 valuation models · updated 14 days ago

Fair value updated Aug 14, 2026, revised from 36.59 IDR to 63.54 IDR (+73.7%) since Jul 13, 2026. Share price +3.8% over the past month.

Below-average quality, and trading another 29% above our fair value.

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

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What matters now

  • The price sits above even our optimistic bull case (67.42 IDR). The favourable scenario is already priced in.
  • Weak quality (22/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The models converge in a tight band (59.04 IDR to 67.42 IDR), unusually little disagreement for a valuation.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (3 years)

219.53 IDR 58.00 IDR Fair Value 63.54 IDR Feb 2024 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 14, 2026.

How to read this chart

31‑month range 58.00 IDR – 219.53 IDR · fair‑value band 59.04 IDR – 67.42 IDR · the 82.00 IDR price screens above the 63.54 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 14, 2026.

Full chart & analysis →

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Analysis

Terang Dunia Internusa Tbk Pt (UNTD) currently trades at 82.00 IDR, while our model-based Fair Value estimate is 63.54 IDR, implying the stock looks roughly 22.5% overvalued today. The Quality Score stands at 22/100 (below-average quality), in the Consumer Cyclical 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: low).

Over the trailing twelve months, Terang Dunia Internusa Tbk Pt generated revenue of 419B IDR at a net margin of -11.1%. Revenue grew 6.4% year over year. It earns a return on equity of -7.9%. Net debt stands at 413B IDR. Fundamentals as of Aug 14, 2026

Our scenario range runs from 59.04 IDR (bear case) to 67.42 IDR (bull case); at 82.00 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 36% below its 52-week high and 58% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -17% fair-value upside, at -23%, UNTD screens richer 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.

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
ROIC Compounder 31.09 IDR 33.91 IDR 36.41 IDR 72
Gordon GGM 48.10 IDR 52.89 IDR 60.27 IDR 70
DDM Multi-Stage 48.10 IDR 61.38 IDR 80.60 IDR 61
All 7 models by family
Earnings-Based
EPV 31.09 IDR 33.91 IDR 36.41 IDR 59
Dividend Discount
Gordon GGM 48.10 IDR 52.89 IDR 60.27 IDR 70
DDM Multi-Stage 48.10 IDR 61.38 IDR 80.60 IDR 61
Multiples
EV/EBIT 42.40 IDR 51.49 IDR 60.58 IDR 53
EV/Revenue 33.51 IDR 41.39 IDR 49.27 IDR 43
Asset-Based
NCAV (Graham) 42.12 IDR 56.44 IDR 84.23 IDR 50
Economic Profit
ROIC Compounder 31.09 IDR 33.91 IDR 36.41 IDR 72

Widest divergence: Asset-Based (56.44 IDR) versus Earnings-Based (33.91 IDR). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

P/S ratio 0.92 TTM
EPS (TTM) -6.99 IDR
Net margin -8.1% FY2025
Return on equity -7.9% TTM
Return on assets (EBIT) 8.5% avg 5y
Operating margin -0.2% TTM
More key figures
Growth
Revenue (TTM) 419B IDR TTM
Revenue growth (YoY) +6.4% 3y avg -0.5%
EPS growth (YoY) -46.8%
Balance sheet & cash flow
Free cash flow −42.5B IDR FY2025
Net debt 413B IDR FY2025

Figures from reported company fundamentals · as of Aug 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 22/100

Of which business quality 25 · Market factors (momentum, volatility) 41

Profitability 7
Margins and returns on capital today
Quality Growth 2
Are margins and returns improving?
Cashflow 4
Earnings quality: real cash, not paper profit
Fin. Strength 40
Balance sheet, leverage, solvency risk
Investment 25
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 36
Distance to the 52-week high (market factor)
Net Issuance 82
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 Terang Dunia Internusa Tbk designs, manufactures, and sells in bicycles and electric motorcycles in Indonesia and internationally. It operates through Bicycle, Electric Bicycle, Electric Motorcycle, and Spare Parts segments.

Full company description

PT Terang Dunia Internusa Tbk designs, manufactures, and sells in bicycles and electric motorcycles in Indonesia and internationally. It operates through Bicycle, Electric Bicycle, Electric Motorcycle, and Spare Parts segments. The company offers mountain bikes consisting of trail, XC, sport, DJ/BMX, and junior bikes; gravel, folding, city, kids, road, performance, and touring bikes; and e-mopeds. It also provides spare parts and accessories; and e-cargo vehicles. The company sells its products under the United Bike and United E-Motor brands through a network of dealers. PT Terang Dunia Internusa Tbk was founded in 1975 and is headquartered in Tangerang Selatan, Indonesia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Terang Dunia Internusa Tbk Pt reported revenue of 413B IDR in FY2025 versus 502B IDR in FY2021, a compound −4.8%/yr. Reported net income was −33.2B IDR in FY2025.

Growth Quality 4/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
413B IDR
Latest YoY
−28.0%
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.
−0.5%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue −4.8%/yr
FY21 502B IDR
FY22 419B IDR
FY23 685B IDR
FY24 573B IDR
FY25 413B IDR
Net income
FY21 41.0B IDR
FY22 42.1B IDR
FY23 53.0B IDR
FY24 20.8B IDR
FY25 −33.2B IDR

UNTD screens 23% overvalued. Compare with Toyota Motor Corporation →

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Cite: Fair Value Calculator (2026). "Terang Dunia Internusa Tbk Pt Fair Value". https://www.fairvalue-calculator.com/stock/UNTD

Peer Group

Auto Manufacturers · 119 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 22 · Bottom 25%
Fair Value upside −23% · Below median
Return on assets 0% · Below median
Net margin (TTM) -11% · Bottom 25%
Operating margin (TTM) -0% · Below median
Revenue growth 6% · Above median
Dividend yield (TTM) 8.6% · Top 25%
Debt / equity 0.12× · Lower than median

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
VALUE3 · sector 27
FUTURE32 · sector 32
PAST0 · sector 21
HEALTH94 · sector 94
DIVIDEND100 · sector 49

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 Auto Manufacturers stocks, each showing price versus our Fair Value estimate (as of Aug 14, 2026).

Stock Price Fair Value vs Fair Value
Toyota Motor Corporation TM $191.84 $247.83 +29%
BYD Company 81211 HK$76.90 HK$48.59 -37%
Hyundai Motor Company 005380 418,500 KRW 567,393 KRW +36%
Ferrari N.V RACE €355.80 €167.67 -53%
General Motors Company GM $86.33 $52.69 -39%
Ford Motor Company F $13.90 $11.51 -17%
Mercedes-Benz Group MBG €45.60 €106.16 +133%
Dr. Ing. h.c. F. Porsche AG P911 €43.91 €17.34 -61%
Maruti Suzuki India Limited MARUTI ₹13,875 ₹8,236 -41%
Volkswagen AG VOW3 €72.42 €248.34 +243%

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Frequently asked questions

Is Terang Dunia Internusa Tbk Pt (UNTD) overvalued or undervalued?
As of Aug 14, 2026, our model estimates a fair value of 63.54 IDR versus a price of 82.00 IDR, about −23% (overvalued).
What is the fair value of UNTD?
Our model-based fair value for Terang Dunia Internusa Tbk Pt is 63.54 IDR (as of Aug 14, 2026), built from audited fundamentals. The current price: 82.00 IDR.
What is the quality score of UNTD?
Terang Dunia Internusa Tbk Pt has a Quality Score of 22/100. 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 Terang Dunia Internusa Tbk Pt (UNTD)?
Terang Dunia Internusa Tbk Pt reported trailing-twelve-month revenue of about 419B IDR (latest available figure, as of Aug 14, 2026).
What is the net profit margin of UNTD?
The net profit margin of Terang Dunia Internusa Tbk Pt is about -11.1%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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