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Voksel Electric Tbk (VOKS) Fair Value & Analysis

Industrials · ID · Market cap 814B IDR (≈ $81.4M) · ISIN ID1000083900

VE Voksel Electric Tbk VOKS · JK
Price220.00 IDR
Fair Value48.23 IDR
Upside-78.1%
Quality48/100
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Risks

!Trades 356% ABOVE our fair value of 48.23 IDR
!Weak Growth (revenue 5y +1.6 %/yr)
!Loss-making · -2.9% net margin
!Low debt · negative free cash flow
Weak Growth (revenue 5y +1.6 %/yr)
Loss-making · -2.9% net margin
Low debt · negative free cash flow
Trails peers (1/8)
Narrow moat 18/100
Evidence: Low Range 9.65 IDR – 88.81 IDR Share as image

Fair value as of: Aug 14, 2026

From 6 valuation models · updated 17 days ago

Share price +6.8% over the past month.

Below-average quality, and trading another 356% above our fair value.

What runs behind every stock

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

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What matters 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 (9.65 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.
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Price vs Fair Value (5 years)

374.00 IDR 130.00 IDR Fair Value 48.23 IDR Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 14, 2026.

How to read this chart

60‑month range 130.00 IDR – 374.00 IDR · fair‑value band 9.65 IDR – 88.81 IDR · the 220.00 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 Aug 14, 2026.

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Analysis

Voksel Electric Tbk (VOKS) currently trades at 220.00 IDR, while our model-based Fair Value estimate is 48.23 IDR, implying the stock looks roughly 78.1% overvalued today. The Quality Score stands at 48/100 (below-average quality), in the Industrials 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: low).

Over the trailing twelve months, Voksel Electric Tbk generated revenue of 2.0T IDR at a net margin of -2.9%. Revenue grew 7.8% year over year. It earns a return on equity of -9.8%. Net debt stands at 474B IDR. Fundamentals as of Aug 14, 2026

Our scenario range runs from 9.65 IDR (bear case) to 88.81 IDR (bull case); at 220.00 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 46% below its 52-week high and 21% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -44% fair-value upside, at -78%, VOKS 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
EPV best evidence 94.27 IDR 96.31 IDR 98.12 IDR 74
ROIC Compounder 94.27 IDR 96.31 IDR 98.12 IDR 72
EV/EBITDA 204.47 IDR 245.05 IDR 285.63 IDR 67
All 6 models by family
Earnings-Based
EPV best evidence 94.27 IDR 96.31 IDR 98.12 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 94.27 IDR 96.31 IDR 98.12 IDR 72

Widest divergence: Multiples (121.97 IDR) versus Asset-Based (93.23 IDR). Highest evidence: EPV (74).

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Key figures & financial health

P/S ratio 0.40 TTM
EPS (TTM) -53.02 IDR
Net margin -3.5% FY2025
Return on equity -9.8% TTM
Return on assets (EBIT) 0.1% avg 5y
Operating margin -0.4% TTM
More key figures
Growth
Revenue (TTM) 2.0T IDR TTM
Revenue growth (YoY) +7.8% 3y avg -8.9%
EPS growth (YoY) -77.9%
Balance sheet & cash flow
Free cash flow −26.7B IDR FY2025
Net debt 474B IDR FY2025

Figures from reported company fundamentals · as of Aug 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 45 · Market factors (momentum, volatility) 40

Profitability 20
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 46
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 30
Distance to the 52-week high (market factor)
Net Issuance 82
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

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.

Full company description

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. 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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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.

Growth Quality 15/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
2.0T IDR
Latest YoY
+5.8%
Avg. revenue 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.
−8.9%
Avg. revenue 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.
+1.6%
Avg. revenue growth/yr (25Y) 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.
+7.1%
Value creation/yr 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
Revenue +3.8%/yr
FY21 1.7T IDR
FY22 2.6T IDR
FY23 3.1T IDR
FY24 1.9T IDR
FY25 2.0T IDR
Net income
FY21 −211B IDR
FY22 −191B IDR
FY23 18.0B IDR
FY24 −89.2B IDR
FY25 −68.6B IDR

VOKS screens 356% overvalued. Compare with Contemporary Amperex Technology Co →

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

Peer Group

Electrical Equipment & Parts · 551 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 48 · Below median
Fair Value upside −78% · Bottom 25%
Return on assets 0% · Bottom 25%
Net margin (TTM) -3% · Bottom 25%
Operating margin (TTM) -0% · Bottom 25%
Revenue growth 8% · Below median

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE39 · sector 56
PAST0 · sector 26
HEALTH100 · sector 97
DIVIDEND0 · sector 22

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

Similar stocks

10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Aug 14, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$652.50 HK$394.19 -40%
ABB Ltd ABBN CHF 80.10 CHF 28.70 -64%
Delta Electronics (Thailand) Public Company TDED 10.40 SGD 1.47 SGD -86%
Vertiv Holdings VRT $263.81 $63.13 -76%
LG Energy Solution, Ltd 373220 365,500 KRW 201,455 KRW -45%
Prysmian S.p.A PRY €123.60 €84.15 -32%
Legrand SA LR €139.65 €78.82 -44%
Sungrow Power Supply Co 300274 ¥117.53 ¥123.83 +5%
Hubbell Incorporated HUBB $472.46 $285.77 -40%
Shenzhen Inovance Technology Co 300124 ¥61.07 ¥33.04 -46%

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Frequently asked questions

Is Voksel Electric Tbk (VOKS) overvalued or undervalued?
As of Aug 14, 2026, our model estimates a fair value of 48.23 IDR versus a price of 220.00 IDR, about −78% (overvalued).
What is the fair value of VOKS?
Our model-based fair value for Voksel Electric Tbk is 48.23 IDR (as of Aug 14, 2026), built from audited fundamentals. The current price: 220.00 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 revenue of Voksel Electric Tbk (VOKS)?
Voksel Electric Tbk reported trailing-twelve-month revenue of about 2.0T IDR (latest available figure, as of Aug 14, 2026).
What is the net profit margin of VOKS?
The net profit margin of Voksel Electric Tbk is about -2.9%, meaning it is currently running at a net loss. 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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