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PT Trimegah Karya Pratama Tbk (UVCR) Fair Value & Analysis

Technology · ID · Market cap 278B IDR

PT PT Trimegah Karya Pratama Tbk UVCR · JK
Price151.00 IDR
Fair Value46.52 IDR
Upside-69.2%
Quality63/100
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Healthy Growth
Thin margins · 1.0% net margin
Low debt · generates free cash flow
0.36% dividend yield
Mixed vs. peers (6/14)
Narrow moat 31/100
Evidence: High Range 38.05 IDR – 58.15 IDR Share as image

Fair value as of: Jul 19, 2026

From 21 valuation models · updated 22 days ago

Fair value updated Jul 19, 2026, revised from 54.73 IDR to 46.52 IDR (−15.0%) since Jun 24, 2026. Share price +14.4% over the past month.

A solid business, but screening 69% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (58.15 IDR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

692.82 IDR 49.89 IDR Fair Value 46.52 IDR Jul 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range 49.89 IDR – 692.82 IDR · fair‑value band 38.05 IDR – 58.15 IDR · the 151.00 IDR price screens above the 46.52 IDR fair value. Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

PT Trimegah Karya Pratama Tbk (UVCR) currently trades at 151.00 IDR, while our model-based Fair Value estimate is 46.52 IDR, implying the stock looks roughly 69.2% overvalued today. The Quality Score stands at 63/100 (solid quality), in the Technology 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 Trimegah Karya Pratama Tbk generated revenue of 1.1T IDR at a net margin of 1.0%. Revenue grew 44.3% year over year. It earns a return on equity of 10.6%. Net debt stands at 55.3B IDR. Fundamentals as of Jul 19, 2026

Our scenario range runs from 38.05 IDR (bear case) to 58.15 IDR (bull case); at 151.00 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 39% below its 52-week high and 161% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -27% fair-value upside, at -69%, UVCR 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
Growth DCF 543.90 IDR 1,151 IDR 2,165 IDR 80
Residual Income 40.67 IDR 41.61 IDR 41.29 IDR 76
Rev-Margin DCF 405.07 IDR 731.18 IDR 1,187 IDR 74
All 21 models by family
DCF Models
FCF DCF 557.75 IDR 1,060 IDR 2,375 IDR 38
Owner Earnings 82.61 IDR 172.66 IDR 353.93 IDR 31
5Y Revenue Exit 405.07 IDR 743.19 IDR 1,221 IDR 39
5Y EBITDA Exit 177.65 IDR 237.70 IDR 300.99 IDR 41
5Y P/E Exit 188.52 IDR 261.86 IDR 339.23 IDR 38
10Y Revenue Exit 435.95 IDR 792.34 IDR 1,386 IDR 36
10Y EBITDA Exit 289.93 IDR 396.38 IDR 536.88 IDR 37
10Y P/E Exit 297.54 IDR 415.30 IDR 572.17 IDR 35
Earnings-Based
Graham-Dodd 18.61 IDR 109.28 IDR 152.14 IDR 54
Lynch FV 30.97 IDR 44.25 IDR 57.52 IDR 50
PEG = 1.0 30.97 IDR 44.25 IDR 57.52 IDR 46
Multiples
P/E Multiple 41.05 IDR 54.73 IDR 68.41 IDR 63
P/S Multiple 34.89 IDR 46.52 IDR 58.15 IDR 58
P/B Multiple 34.89 IDR 46.52 IDR 58.15 IDR 55
EV/EBITDA 26.01 IDR 34.38 IDR 42.75 IDR 54
EV/Revenue 335.59 IDR 479.03 IDR 622.47 IDR 43
Asset-Based
NCAV (Graham) 25.90 IDR 34.71 IDR 51.81 IDR 50
Growth DCF
Growth DCF 543.90 IDR 1,151 IDR 2,165 IDR 80
Rev-Margin DCF 405.07 IDR 731.18 IDR 1,187 IDR 74
Economic Profit
Residual Income 40.67 IDR 41.61 IDR 41.29 IDR 76
Growth Earnings
Growth-Adj P/E 44.44 IDR 63.49 IDR 82.53 IDR 68

Widest divergence: Growth DCF (731.18 IDR) versus Asset-Based (34.71 IDR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.1T IDR
Revenue growth (YoY) +44.3%
Net margin 1.0%
Return on equity 10.6%
Free cash flow 73.6B IDR FY2025
P/E ratio 40.3
More key figures
Operating margin 1.2%
EPS (TTM) 3.45 IDR
Dividend yield 0.4%
EPS growth (YoY) +49.1%
Net debt 55.3B IDR FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 64 · Market factors (momentum, volatility) 37

Profitability 41
Margins and returns on capital today
Quality Growth 64
Are margins and returns improving?
Cashflow 69
Earnings quality: real cash, not paper profit
Fin. Strength 68
Balance sheet, leverage, solvency risk
Investment 58
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 74
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.

About the company

PT Trimegah Karya Pratama Tbk sells shopping vouchers. The company offers physical and digital vouchers through Ultra Voucher applications. PT Trimegah Karya Pratama Tbk was founded in 2017 and is headquartered in Jakarta Selatan, Indonesia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Trimegah Karya Pratama Tbk reported revenue of 982B IDR in FY2025 versus 939B IDR in FY2021, a compound +1.1%/yr. Reported net income was 5.5B IDR in FY2025, compounding −0.4%/yr from FY2021.

Growth Quality 85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
982B IDR
Latest YoY
+17.7%
Avg. 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.
−7.0%
Avg. 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.
+23.7%
Avg. growth/yr (6Y) 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.
+16.2%
Revenue +1.1%/yr
FY21 939B IDR
FY22 1.2T IDR
FY23 799B IDR
FY24 834B IDR
FY25 982B IDR
Net income −0.4%/yr
FY21 5.6B IDR
FY22 11.9B IDR
FY23 6.9B IDR
FY24 3.6B IDR
FY25 5.5B IDR

UVCR screens 69% overvalued. Compare with SAP SE →

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Cite: Fair Value Calculator (2026). "PT Trimegah Karya Pratama Tbk Fair Value". https://www.fairvalue-calculator.com/stock/UVCR

Peer Group

Software - Application · 709 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 63 · Above median
Fair Value upside −69% · Bottom 25%
Return on equity (TTM) 11% · Above median
Return on assets 1% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 1% · Below median
Revenue growth 44% · Top 25%
Dividend yield (TTM) 0.4% · Below median

Valuation Multiples vs Software - Application median · lower = cheaper

P/E (TTM) 40.3× · Pricier than median
P/B 2.68× · Pricier than median
P/S (TTM) 0.26× · Cheaper than 75% of peers
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 47.3× · Pricier than 75% of peers

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.

VALUE 0 · sector 0
FUTURE 100 · sector 38
PAST 42 · sector 13
HEALTH 100 · sector 98
DIVIDEND 7 · sector 28

VALUE 0: the price sits above our fair-value range.

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Software - Application stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
SAP SE SAPS C$12.69 C$16.26 +28%
Shopify Inc SHOP C$173.23 C$20.54 -88%
Uber Technologies, Inc UBER $72.67 $51.11 -30%
Salesforce, Inc CRM $170.77 $182.10 +7%
ServiceNow, Inc NOW $107.71 $33.12 -69%
Cadence Design Systems, Inc CDNS $384.17 $80.41 -79%
Snowflake Inc SNOW $271.87 $34.04 -87%
Adobe Inc ADBE $230.61 $379.48 +65%
Automatic Data Processing, Inc ADP $241.92 $177.51 -27%
Intuit Inc INTU $291.09 $258.69 -11%

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Frequently asked questions

Is PT Trimegah Karya Pratama Tbk (UVCR) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 46.52 IDR versus a price of 151.00 IDR, about −69% (overvalued).
What is the fair value of UVCR?
Our model-based fair value for PT Trimegah Karya Pratama Tbk is 46.52 IDR (as of Jul 19, 2026), built from audited fundamentals. The current price is 151.00 IDR.
What is the quality score of UVCR?
PT Trimegah Karya Pratama Tbk has a Quality Score of 63/100. 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 PT Trimegah Karya Pratama Tbk (UVCR)?
PT Trimegah Karya Pratama Tbk reported trailing-twelve-month revenue of about 1.1T IDR (latest available figure, as of Jul 19, 2026).
What is the net profit margin of UVCR?
The net profit margin of PT Trimegah Karya Pratama Tbk is about 1.0%, meaning it keeps roughly 1.0% of revenue as net income. Based on the latest reported figures.
Does PT Trimegah Karya Pratama Tbk pay a dividend?
PT Trimegah Karya Pratama Tbk currently shows a dividend yield of about 0.30% relative to its recent price (as of Jul 19, 2026).

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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