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PT Verona Indah Pictures Tbk (VERN) Fair Value & Analysis

Communication Services · ID · Market cap 939B IDR

PV PT Verona Indah Pictures Tbk VERN · JK
Price204.00 IDR
Fair Value23.14 IDR
Upside-88.7%
Quality44/100
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Weak Growth
Thin margins · 5.8% net margin
Low debt · negative free cash flow
Ranks above peers (5/8)
Narrow moat 42/100
Evidence: Medium Range 17.36 IDR – 28.93 IDR Share as image

Fair value as of: Jul 18, 2026

From 6 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from 28.16 IDR to 23.14 IDR (−17.8%) since Jun 24, 2026. Share price +38.8% over the past month.

Below-average quality, and screening another 89% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (28.93 IDR). The favourable scenario is already priced in.
  • Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (22 months)

218.00 IDR 83.00 IDR Fair Value 23.14 IDR Oct 2024 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

22‑month range 83.00 IDR – 218.00 IDR · fair‑value band 17.36 IDR – 28.93 IDR · the 204.00 IDR price screens above the 23.14 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

Full chart & analysis →

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Analysis

PT Verona Indah Pictures Tbk (VERN) currently trades at 204.00 IDR, while our model-based Fair Value estimate is 23.14 IDR, implying the stock looks roughly 88.7% overvalued today. The Quality Score stands at 44/100 (below-average quality), in the Communication 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: medium).

Over the trailing twelve months, PT Verona Indah Pictures Tbk generated revenue of 68.4B IDR at a net margin of 5.8%. Revenue declined 51.2% year over year. It earns a return on equity of 0.8%. The balance sheet holds a net cash position of 54.5B IDR. Fundamentals as of Jul 18, 2026

Our scenario range runs from 17.36 IDR (bear case) to 28.93 IDR (bull case); at 204.00 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 near its 52-week high and 146% above its 52-week low, currently above its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -52% fair-value upside, at -89%, VERN 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (8.74 IDR to 74.28 IDR). Read the values as a conservative anchor, not as a price target.
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
P/E Multiple 10.26 IDR 13.67 IDR 17.09 IDR 63
Residual Income 76.78 IDR 71.54 IDR 53.20 IDR 61
P/B Multiple 13.41 IDR 17.88 IDR 22.35 IDR 55
All 6 models by family
DCF Models
Owner Earnings 34.95 IDR 44.15 IDR 61.86 IDR 31
Earnings-Based
Graham-Dodd 7.15 IDR 8.74 IDR 9.83 IDR 54
Multiples
P/E Multiple 10.26 IDR 13.67 IDR 17.09 IDR 63
P/B Multiple 13.41 IDR 17.88 IDR 22.35 IDR 55
Asset-Based
NCAV (Graham) 55.43 IDR 74.28 IDR 110.87 IDR 50
Economic Profit
Residual Income 76.78 IDR 71.54 IDR 53.20 IDR 61

Widest divergence: Asset-Based (74.28 IDR) versus Earnings-Based (8.74 IDR). Highest evidence: P/E Multiple (63).

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Key figures & financial health

Revenue (TTM) 68.4B IDR
Revenue growth (YoY) -51.2%
Net margin 5.8%
Return on equity 0.8%
Free cash flow −51.2B IDR FY2025
Operating margin 24.1%
More key figures
EPS growth (YoY) -48.0%
Net cash 54.5B IDR FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 43 · Market factors (momentum, volatility) 55

Profitability 17
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 77
Price trend over the last 3–12 months (market factor)
52W Momentum 81
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 Verona Indah Pictures Tbk engages in the film production and film post-production business in Indonesia. It is also involved in the distribution of films, videos and television programs by the private sector.

Full company description

PT Verona Indah Pictures Tbk engages in the film production and film post-production business in Indonesia. It is also involved in the distribution of films, videos and television programs by the private sector. In addition, the company offers film and video recording, export and import of film and video, film studios, film location and equipment rental, film equipment trade, film making services, film laboratory services, film distribution services, cinema services, and film making television programs. PT Verona Indah Pictures Tbk was founded in 2010 and is based in Jakarta Barat, Indonesia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Verona Indah Pictures Tbk reported revenue of 76.0B IDR in FY2025 versus 216B IDR in FY2021, a compound −23.0%/yr. Reported net income was 5.0B IDR in FY2025, compounding −9.2%/yr from FY2021.

Growth Quality 14/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
76.0B IDR
Latest YoY
−46.0%
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.
−13.3%
Revenue −23.0%/yr
FY21 216B IDR
FY22 117B IDR
FY23 248B IDR
FY24 141B IDR
FY25 76.0B IDR
Net income −9.2%/yr
FY21 7.4B IDR
FY22 10.6B IDR
FY23 27.3B IDR
FY24 6.9B IDR
FY25 5.0B IDR

VERN screens 89% overvalued. Compare with Netflix, Inc →

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Cite: Fair Value Calculator (2026). "PT Verona Indah Pictures Tbk Fair Value". https://www.fairvalue-calculator.com/stock/VERN

Peer Group

Entertainment · 265 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 43 · Below median
Fair Value upside −89% · Bottom 25%
Return on equity (TTM) 1% · Above median
Return on assets 1% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 24% · Top 25%
Revenue growth -51% · Bottom 25%

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 6
FUTURE 0 · sector 10
PAST 3 · sector 0
HEALTH 100 · sector 97
DIVIDEND 0 · sector 44

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

Insider activity: 40/100

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

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

Similar stocks

10 more Entertainment stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Netflix, Inc ZNFL C$6.77 C$2.96 -56%
The Walt Disney Company DIS $96.30 $89.55 -7%
Warner Bros. Discovery, Inc WBD $26.87 $9.13 -66%
Live Nation Entertainment, Inc LYV $178.44 $46.89 -74%
Universal Music Group UMG €18.91 €14.78 -22%
TKO Group TKO $184.40 $22.16 -88%
Empresas Cablevisión, S.A. CABLECPO 55.00 MXN 60.49 MXN +10%
Beijing Enlight Media Co 300251 ¥11.77 ¥10.97 -7%
PT MNC Digital Entertainment Tbk, MSIN 456.00 IDR 221.09 IDR -52%
Prime Focus Limited PFOCUS ₹298.25 ₹63.45 -79%

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Frequently asked questions

Is PT Verona Indah Pictures Tbk (VERN) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 23.14 IDR versus a price of 204.00 IDR, about −89% (overvalued).
What is the fair value of VERN?
Our model-based fair value for PT Verona Indah Pictures Tbk is 23.14 IDR (as of Jul 18, 2026), built from audited fundamentals. The current price is 204.00 IDR.
What is the quality score of VERN?
PT Verona Indah Pictures Tbk has a Quality Score of 44/100. 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 Verona Indah Pictures Tbk (VERN)?
PT Verona Indah Pictures Tbk reported trailing-twelve-month revenue of about 68.4B IDR (latest available figure, as of Jul 18, 2026).
What is the net profit margin of VERN?
The net profit margin of PT Verona Indah Pictures Tbk is about 5.8%, meaning it keeps roughly 5.8% of revenue as net income. 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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