Vastland Indonesia (VAST) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Vastland Indonesia IDR 128, price IDR 116, upside +10.0%, quality 59 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
43‑month range 56.00 IDR – 234.00 IDR · fair‑value band 89.32 IDR – 165.88 IDR · the 116.00 IDR price screens below the 127.60 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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PT Vastland Indonesia Tbk is involved in the construction and rental of warehouses in Indonesia. It operates built-to-suit warehouses for various industries, including fast-moving consumer goods, beverages, commodities trading, 3PL providers, pharmaceutical distributors, electronics, and e-commerce; and general warehouses.
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PT Vastland Indonesia Tbk is involved in the construction and rental of warehouses in Indonesia. It operates built-to-suit warehouses for various industries, including fast-moving consumer goods, beverages, commodities trading, 3PL providers, pharmaceutical distributors, electronics, and e-commerce; and general warehouses. The company was founded in 2011 and is headquartered in Bandar Lampung, Indonesia. PT Vastland Indonesia Tbk operates as a subsidiary of PT Tembesu Elang Perkasa.
Stock analysis
Vastland Indonesia (VAST) currently trades at 116.00 IDR, while our model-based Fair Value estimate is 127.60 IDR, implying the stock looks roughly 9.1% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 256.75 IDR per share, and 7 of the 19 models we run sit above the 116.00 IDR price.
Bear case: the Economic Profit group reads lowest at 49.68 IDR, and 12 of the 19 models stay below the price. Evidence for this calculation is low.
Scenario range: 89.32 IDR (bear) to 165.88 IDR (bull), the price of 116.00 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 59/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Vastland Indonesia reported revenue of 39.6B IDR in FY2025 versus 23.8B IDR in FY2022, a compound +18.6%/yr. Reported net income was 17.0B IDR in FY2025, compounding +0.8%/yr from FY2022.
Key figures
Market cap 354B IDR (≈ $19.8M) · P/S ratio 8.81 · Net margin 42.9% · Return on equity 4.5% · Return on assets (EBIT) 4.2% · Operating margin 58.4% · Revenue (TTM) 40.2B IDR · Revenue growth (YoY) +6.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 42% below its 52-week high and 17% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −37% fair-value upside, at 10%, VAST screens cheaper than that median.
Fair Value models
Bear 89.32 IDRFair Value 127.60 IDRBull 165.88 IDR
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = 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.95/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+4.0%
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.
+18.6%
’22
’23
’24
’25
What shareholders gained per year (last 3 years), in IDR ⓘ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 3 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. 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.
−33.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−33.5%
Dividend (yield on the price)0.0%
Profit margin 2022 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.65% → 60%
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.Real Estate Services · 547 stocks
Beats the industry median on 9/9 measures
Overall it ranks above its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside+10% · Above median
Profitability
Return on equity (TTM)4% · Above median
Return on assets3% · Top 25%
Net margin (TTM)43% · Top 25%
Operating margin (TTM)58% · Top 25%
Growth and dividend
Revenue growth6% · Above median
Balance sheet
Debt / equity0.12× · Below median
Valuation Multiplesvs Real Estate Services median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Vastland Indonesia Fair Value". https://www.fairvalue-calculator.com/stock/VAST
Frequently asked questions
Is Vastland Indonesia (VAST) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 127.60 IDR versus a price of 116.00 IDR, about +10% upside (undervalued).
What is the fair value of VAST?
Our model-based fair value for Vastland Indonesia is 127.60 IDR (as of Sep 24, 2026), built from audited fundamentals. The current price: 116.00 IDR.
What is the quality score of VAST?
Vastland Indonesia has a Quality Score of 59/100. 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 Vastland Indonesia (VAST)?
Our model-based price target is the fair value of 127.60 IDR (as of Sep 24, 2026) from 19 valuation models. Cautious scenario 89.32 IDR, optimistic scenario 165.88 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Vastland Indonesia stock forecast for 2026?
Our models put fair value at 127.60 IDR, about +10% upside versus a price of 116.00 IDR (undervalued). Cautious scenario 89.32 IDR, optimistic scenario 165.88 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Vastland Indonesia (VAST)?
Vastland Indonesia reported trailing-twelve-month revenue of about 40.2B IDR (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Vastland Indonesia (VAST)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Vastland Indonesia it is 127.60 IDR per share (as of Sep 24, 2026), against a price of 116.00 IDR. It is the blended result of 19 valuation models (cash flow, earnings, asset, dividend).
Is Vastland Indonesia stock overvalued or undervalued in 2026?
As of Sep 24, 2026, VAST trades below its calculated fair value: price 116.00 IDR, fair value 127.60 IDR, a gap of about +10% (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 VAST?
No. The price is what the market pays today (116.00 IDR); the fair value is what the company's own numbers justify (127.60 IDR). For Vastland Indonesia the two are 11.60 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Vastland Indonesia worth?
The market values Vastland Indonesia at about 354B IDR (market capitalisation, as of Sep 24, 2026). Per share that is 116.00 IDR; our models calculate a fair value of 127.60 IDR per share.
What do the bullish and bearish scenarios say about VAST?
Our models span a range for Vastland Indonesia: cautious scenario 89.32 IDR, base 127.60 IDR, optimistic 165.88 IDR per share (as of Sep 24, 2026, price 116.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Vastland Indonesia (VAST)?
Balance-sheet figures for Vastland Indonesia (as of Sep 24, 2026): return on equity 4.5%, debt of 0.12 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is VAST from its 52-week high?
Vastland Indonesia trades at 116.00 IDR, about 42% below its 52-week high of 199.00 IDR and 17% above the low of 99.00 IDR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 127.60 IDR is for.
Which stocks are comparable to Vastland Indonesia?
From the same area (Real Estate) we also value Vingroup Joint Stock Company, CBRE Group, Vonovia SE, Cellnex Telecom, S.A, 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 Vastland Indonesia stock attractive at the current price?
The data as of Sep 24, 2026: price 116.00 IDR, calculated fair value 127.60 IDR (+10%), Quality Score 59/100, from 19 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 VAST calculated?
We run Vastland Indonesia through 19 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 127.60 IDR, 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 13.0 % above its aggregate fair value. Vastland Indonesia currently trades 10 % 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 Vastland Indonesia (VAST)?
The closing price on Sep 24, 2026 was 116.00 IDR. Our model-based fair value is 127.60 IDR, about +10% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Vastland Indonesia right now?
A fairly wide model range (89.32 IDR to 165.88 IDR) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Vastland Indonesia
How large is the market capitalisation of Vastland Indonesia (VAST)?
The market capitalisation of Vastland Indonesia is 354B IDR (≈ $19.8M). 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 Vastland Indonesia (VAST)?
The price-to-sales ratio of Vastland Indonesia is 8.81 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Vastland Indonesia (VAST)?
The net margin of Vastland Indonesia is 42.9% (fiscal year 2025). 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 Vastland Indonesia (VAST)?
The return on equity (ROE) of Vastland Indonesia is 4.5% (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 Vastland Indonesia (VAST)?
On an EBIT basis the return on assets of Vastland Indonesia is 4.2% (avg 4y). 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 Vastland Indonesia (VAST)?
The operating margin of Vastland Indonesia is 58.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Vastland Indonesia (VAST)?
Revenue at Vastland Indonesia is growing +6.4% versus a year earlier (3y avg +18.6%). 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 Vastland Indonesia (VAST)?
Earnings per share at Vastland Indonesia are growing +13.5% versus a year earlier. How much earnings per share grew versus a year earlier.
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