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PT Victoria Investama Tbk (VICO) Fair Value & Analysis

Financial Services · ID · Market cap 1.9T IDR

PV PT Victoria Investama Tbk VICO · JK
Price139.00 IDR
Fair Value278.00 IDR
Upside+100.0%
Quality88/100
Evidence: Medium Range 208.50 IDR – 347.51 IDR

Fair value as of: Jun 26, 2026

From 15 valuation models · updated 3 days ago

Fair value updated Jun 26, 2026 — revised from 284.00 IDR to 278.00 IDR (−2.1%) since Jun 25, 2026. Share price −6.3% over the past month.

Price vs Fair Value (12 months)

238.29 IDR 131.68 IDR Fair Value 278.00 IDR Jun 2025 Jun 2026

12‑month range 131.68 IDR – 238.29 IDR · fair‑value band 208.50 IDR – 347.51 IDR · the 139.00 IDR price screens below the 278.00 IDR fair value. As of Jun 26, 2026.

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Analysis

PT Victoria Investama Tbk (VICO) currently trades at 139.00 IDR, while our model-based Fair Value estimate is 278.00 IDR — implying the stock looks roughly 100.0% undervalued today. We read business quality at 88/100 (high quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium) — always confirm before acting.

Over the trailing twelve months, PT Victoria Investama Tbk generated revenue of 1.3T IDR at a net margin of 37.2%. Revenue grew 3.4% year over year. It earns a return on equity of 10.0%. Net debt stands at 4.1T IDR. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 1.3T IDR
Revenue growth (YoY) +3.4%
Net margin 37.2%
Return on equity 10.0%
Free cash flow −1.2T IDR FY2025
P/E ratio 4.0
More key figures
Operating margin 39.4%
EPS (TTM) 31.61 IDR
EPS growth (YoY) +32.9%
Net debt 4.1T IDR FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

PT Victoria Investama Tbk provides investment and financial services in Indonesia. It operates through six segments: Consulting Services; Securities Underwriting and Brokerage; General Insurance; Life Insurance; Investment Management; and Banking. The company offers corporate finance services; advisory management services comprising pre-IPO restructuring, and merger and acquisition advisory services; and fund arranger. It also provides securities trading and underwriting, general and life insurance, asset management, and conventional and sharia banking services. The company was formerly known as PT Victoria Sekuritas and changed its name to PT Victoria Investama Tbk in 2012. The company was founded in 1989 and is headquartered in Jakarta Selatan, Indonesia.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Victoria Investama Tbk reported revenue of 2.8T IDR in FY2025 versus 2.1T IDR in FY2021, a compound +7.1%/yr. Reported net income was 474B IDR in FY2025.

Revenue +7.1%/yr
FY21 2.1T IDR
FY22 2.2T IDR
FY23 2.2T IDR
FY24 2.6T IDR
FY25 2.8T IDR
Net income
FY21 −31.9B IDR
FY22 113B IDR
FY23 52.4B IDR
FY24 69.9B IDR
FY25 474B IDR

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Frequently asked questions

Is PT Victoria Investama Tbk (VICO) undervalued?
As of Jun 26, 2026, our model estimates a fair value of 278.00 IDR versus a price of 139.00 IDR — about +100% (undervalued). Model-based estimate, not financial advice.
What is the fair value of VICO?
Our 21-model fair value for PT Victoria Investama Tbk is 278.00 IDR (as of Jun 26, 2026), built from audited fundamentals. The current price is 139.00 IDR.
What is the quality score of VICO?
PT Victoria Investama Tbk has a Quality Score of 88/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of PT Victoria Investama Tbk (VICO)?
PT Victoria Investama Tbk reported trailing-twelve-month revenue of about 1.3T IDR (latest available figure, as of Jun 26, 2026).
What is the net profit margin of VICO?
The net profit margin of PT Victoria Investama Tbk is about 37.2%, meaning it keeps roughly 37.2% 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.