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Voksel Electric Tbk (VOKS) fair value: what the stock is really worth

As of Oct 14, 2026: fair value of Voksel Electric Tbk IDR 48, price IDR 246, upside -80.4%, quality 48 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Industrials · ID · ISIN ID1000083900

VE Voksel Electric Tbk logo Thin data Oct 2, 2026

Voksel Electric Tbk

VOKS · JK

Weakest SetupStrongly overvalued and low quality.

Our calculation puts a fair price 80% below what the stock costs today.

Low debt
Quality 48/100
Fair value 48.23 IDR · Strongly overvalued (−80.4%)
Weak Growth (revenue 5y +1.6 %/yr in IDR)
Loss-making · -3.0% net margin (TTM)
Negative free cash flow
Trails peers (1/8)
Narrow moat 16/100 · thin data
Thin data

What runs behind every stock

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

Price vs Fair Value

374.00 IDR 130.00 IDR Fair Value 48.23 IDR May 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.

How to read this chart

60‑month range 130.00 IDR – 374.00 IDR · fair‑value band 14.75 IDR – 88.81 IDR · the 246.00 IDR price screens above the 48.23 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 2, 2026.

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Company profile

PT Voksel Electric Tbk, together with its subsidiaries, manufactures and sells power, telecommunication, and fiber optic cables in Indonesia and internationally. It operates through Power Cable, Fiber Optic Cable, Copper Wire, Contractor Service, and Trading segments.

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The company offers bare copper and aluminum conductors; optical fiber ground wires; aluminium conductor composite core products; fire resistance cables; high, medium, and low voltage cables; and solar, ship wiring and marine, submarine, and instrument cables, as well as engineering, design, procurement, and construction of power electrical infrastructure and telecommunication network infrastructure.

It also provides optical fiber cables, including all dielectric self-supporting cables, direct buried cables, drop cables, aerial and duct installation cables, and single core per tube distribution optical cables, as well as fiber optic cable accessories; and electric vehicle charging solutions.

In addition, the company provides general trading and contractor, construction, and development services, as well as wholesale trade of machinery, equipment, and other supplies. It serves contractors and distributors. The company was founded in 1971 and is headquartered in Jakarta, Indonesia.

PT Voksel Electric Tbk operates as a subsidiary of Hengtong Optic-Electric International Co., Ltd.

Stock analysis

Voksel Electric Tbk (VOKS) currently trades at 246.00 IDR, while our model-based Fair Value estimate is 48.23 IDR, 80.4% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of 121.97 IDR per share, and 0 of the 6 models we run sit above the 246.00 IDR price.

Bear case: the Earnings-Based group reads lowest at 91.97 IDR, and 6 of the 6 models stay below the price. Data coverage for this calculation is low.

Scenario range: 14.75 IDR (bear) to 88.81 IDR (bull), the price of 246.00 IDR sits above 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 48/100 (below-average quality), in the Industrials sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Voksel Electric Tbk reported revenue of 2.0T IDR in FY2025 versus 1.7T IDR in FY2021, a compound +3.8%/yr. Reported net income was −68.6B IDR in FY2025.

Key figures

Market cap 1.0T IDR (≈ $57.1M) · P/S ratio 0.53 · EPS (TTM) −53.02 IDR · Net margin −3.5% · Return on equity −10.2% · Return on assets (EBIT) 0.1% · Operating margin 0.3% · Revenue (TTM) 2.0T IDR.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 16 out of 100 (low confidence).

What moves the price

The share trades about 24% below its 52-week high and 33% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −38% fair-value upside, at −80%, VOKS screens richer than that median.

Fair Value models

Bear 14.75 IDR Fair Value 48.23 IDR Bull 88.81 IDR
Price 246.00 IDR · Upside -80.4%
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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = 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.
Best data coverage
EPV 90.98 IDR 91.97 IDR 92.77 IDR 74
ROIC Compounder 90.98 IDR 91.97 IDR 92.77 IDR 72
EV/EBITDA 204.47 IDR 245.05 IDR 285.63 IDR 67
All 6 models by family
Earnings-Based
EPV 90.98 IDR 91.97 IDR 92.77 IDR 74
Multiples
EV/EBIT 112.16 IDR 121.97 IDR 131.78 IDR 66
EV/EBITDA 204.47 IDR 245.05 IDR 285.63 IDR 67
EV/Revenue 103.74 IDR 112.74 IDR 121.74 IDR 54
Asset-Based
NCAV (Graham) 69.58 IDR 93.23 IDR 139.16 IDR 54
Economic Profit
ROIC Compounder 90.98 IDR 91.97 IDR 92.77 IDR 72

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Quality Score breakdown

Overall quality 48/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 20
How much profit the company makes from its sales and capital
Quality Growth 52
Are margins and returns getting better?
Cashflow 9
Do the profits arrive as real cash?
Financial strength 48
Debt, balance sheet and risk of trouble
Investment 100
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Momentum 55
Price trend of the last 3 to 12 months, does not count
Near the 52-week high 29
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 15/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+5.8%
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.
−8.9%
Revenue growth 5 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.
+1.6%
Start year 2020 (pandemic). Over 10 years: +2.2% a year
Revenue growth 25 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.
+7.1%
Profit margin (trend) ⓘ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.
8.2% (2020) → 0.5% (2025)
What shareholders gained per year ⓘ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

VOKS screens overvalued: fair value 80% below the price. Compare with Contemporary Amperex Technology Co →

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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.Electrical Equipment & Parts · 548 stocks

Beats the industry median on 0/6 measures
Overall it trails its industry peers.
Valuation
Quality Score 48 · Below median
Fair Value upside −80.4% · Bottom 25%
Profitability
Return on assets −3.7% · Bottom 25%
Net margin (12 months) −3.0% · Bottom 25%
Operating margin (12 months) 0.3% · Bottom 25%
Growth and dividend
Revenue growth 2.1% · Below median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)11 · sector 57
PAST (return on equity)0 · sector 26
HEALTH (low debt)100 · sector 97
DIVIDEND (yield)0 · sector 23

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

Context: sector, industry, market

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 Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Contemporary Amperex Technology Co 300750 ¥291.11 ¥695.24 +139% vs VOKS
Sungrow Power Supply Co 300274 ¥82.35 ¥185.48 +125% vs VOKS
Vertiv Holdings VRT $242.78 $178.68 −26% vs VOKS
Hubbell Incorporated HUBB $474.11 $293.28 −38% vs VOKS
Prysmian S.p.A PRY €122.30 €75.63 −38% vs VOKS
Legrand SA LR €138.00 €82.77 −40% vs VOKS
LG Energy Solution, Ltd 373220 371,000 KRW 201,455 KRW −46% vs VOKS
ABB Ltd ABBN CHF 78.88 CHF 29.89 −62% vs VOKS
nVent Electric plc NVT $167.43 $43.51 −74% vs VOKS
Delta Electronics (Thailand) Public Company DELTA 272.00 THB 38.64 THB −86% vs VOKS

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Cite: Fair Value Calculator (2026). "Voksel Electric Tbk Fair Value". https://www.fairvalue-calculator.com/stock/VOKS

Frequently asked questions

Is Voksel Electric Tbk (VOKS) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of 48.23 IDR versus a price of 246.00 IDR, about −80% upside (overvalued).
What is the fair value of VOKS?
Our model-based fair value for Voksel Electric Tbk is 48.23 IDR (as of Oct 2, 2026), built from audited fundamentals. The current price: 246.00 IDR.
What is the quality score of VOKS?
Voksel Electric Tbk has a Quality Score of 48/100. 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 Voksel Electric Tbk (VOKS)?
Our model-based price target is the fair value of 48.23 IDR (as of Oct 2, 2026) from 6 valuation models. Cautious scenario 14.75 IDR, optimistic scenario 88.81 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Voksel Electric Tbk stock forecast for 2026?
Our models put fair value at 48.23 IDR, about −80% upside versus a price of 246.00 IDR (overvalued). Cautious scenario 14.75 IDR, optimistic scenario 88.81 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Voksel Electric Tbk (VOKS)?
Voksel Electric Tbk reported trailing-twelve-month revenue of about 2.0T IDR (latest available figure, as of Oct 2, 2026).
What is the intrinsic value of Voksel Electric Tbk (VOKS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Voksel Electric Tbk it is 48.23 IDR per share (as of Oct 2, 2026), against a price of 246.00 IDR. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Voksel Electric Tbk stock overvalued or undervalued in 2026?
As of Oct 2, 2026, VOKS trades above its calculated fair value: price 246.00 IDR, fair value 48.23 IDR, a gap of about −80% (overvalued). 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 VOKS?
No. The price is what the market pays today (246.00 IDR); the fair value is what the company's own numbers justify (48.23 IDR). For Voksel Electric Tbk the two are 197.77 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Voksel Electric Tbk worth?
The market values Voksel Electric Tbk at about 1.0T IDR (market capitalisation, as of Oct 2, 2026). Per share that is 246.00 IDR; our models calculate a fair value of 48.23 IDR per share.
What do the bullish and bearish scenarios say about VOKS?
Our models span a range for Voksel Electric Tbk: cautious scenario 14.75 IDR, base 48.23 IDR, optimistic 88.81 IDR per share (as of Oct 2, 2026, price 246.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Voksel Electric Tbk (VOKS)?
Balance-sheet figures for Voksel Electric Tbk (as of Oct 2, 2026): return on equity −10.2%. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is VOKS from its 52-week high?
Voksel Electric Tbk trades at 246.00 IDR, about 24% below its 52-week high of 324.00 IDR and 33% above the low of 185.00 IDR (as of Oct 14, 2026). Distance from the high says nothing about value: that is what the fair value of 48.23 IDR is for.
Which stocks are comparable to Voksel Electric Tbk?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Delta Electronics (Thailand) Public Company, Vertiv Holdings, 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 Voksel Electric Tbk stock attractive at the current price?
The data as of Oct 2, 2026: price 246.00 IDR, calculated fair value 48.23 IDR (−80%), Quality Score 48/100, from 6 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 VOKS calculated?
We run Voksel Electric Tbk through 6 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 48.23 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 14.7 % above its aggregate fair value. Voksel Electric Tbk itself currently trades above fair value. 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 Voksel Electric Tbk (VOKS)?
The closing price on Oct 14, 2026 was 246.00 IDR. Our model-based fair value is 48.23 IDR, about −80% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Voksel Electric Tbk right now?
The price sits above even our optimistic bull case (88.81 IDR). The favourable scenario is already priced in. The model range is unusually wide (14.75 IDR to 88.81 IDR). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.

Key figures of Voksel Electric Tbk

How large is the market capitalisation of Voksel Electric Tbk (VOKS)?
The market capitalisation of Voksel Electric Tbk is 1.0T IDR (≈ $57.1M). 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 Voksel Electric Tbk (VOKS)?
The price-to-sales ratio of Voksel Electric Tbk is 0.53 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Voksel Electric Tbk (VOKS)?
Earnings per share at Voksel Electric Tbk are −53.02 IDR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Voksel Electric Tbk (VOKS)?
The net margin of Voksel Electric Tbk is −3.5% (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 Voksel Electric Tbk (VOKS)?
The return on equity (ROE) of Voksel Electric Tbk is −10.2% (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 Voksel Electric Tbk (VOKS)?
On an EBIT basis the return on assets of Voksel Electric Tbk is 0.1% (avg 5y). 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 Voksel Electric Tbk (VOKS)?
The operating margin of Voksel Electric Tbk is 0.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Voksel Electric Tbk (VOKS)?
Revenue at Voksel Electric Tbk is growing +2.1% versus a year earlier (3y avg −8.9%). 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 Voksel Electric Tbk (VOKS)?
Earnings per share at Voksel Electric Tbk are growing −77.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Voksel Electric Tbk (VOKS) generate?
The free cash flow of Voksel Electric Tbk is −26.7B IDR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Voksel Electric Tbk (VOKS) carry?
The net debt of Voksel Electric Tbk is 474B IDR (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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