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PT Venteny Fortuna International Tbk (VTNY) Fair Value & Analysis

Industrials · ID · Market cap 420B IDR

PV PT Venteny Fortuna International Tbk VTNY · JK
Price68.00 IDR
Fair Value46.46 IDR
Upside-31.7%
Quality35/100
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Expensive Growth
Thin margins · 0.5% net margin
Low debt · negative free cash flow
Trails peers (2/12)
Narrow moat 18/100
Evidence: High Range 32.52 IDR – 60.40 IDR Share as image

Fair value as of: Jul 19, 2026

From 15 valuation models · updated 22 days ago

Fair value updated Jul 19, 2026, revised from 96.36 IDR to 46.46 IDR (−51.8%) since Jun 24, 2026. Share price +15.3% over the past month.

Below-average quality, and screening another 32% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (60.40 IDR). The favourable scenario is already priced in.
  • Weak quality (35/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (32.52 IDR to 60.40 IDR) leaves room in how you read the outcome.
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Price vs Fair Value (4 years)

740.00 IDR 53.00 IDR Fair Value 46.46 IDR Dec 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

44‑month range 53.00 IDR – 740.00 IDR · fair‑value band 32.52 IDR – 60.40 IDR · the 68.00 IDR price screens above the 46.46 IDR fair value. Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

PT Venteny Fortuna International Tbk (VTNY) currently trades at 68.00 IDR, while our model-based Fair Value estimate is 46.46 IDR, implying the stock looks roughly 31.7% overvalued today. The Quality Score stands at 35/100 (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: high).

Over the trailing twelve months, PT Venteny Fortuna International Tbk generated revenue of 276B IDR at a net margin of 0.5%. Revenue declined 62.9% year over year. It earns a return on equity of -0.2%. Net debt stands at 1,000B IDR. Fundamentals as of Jul 19, 2026

Our scenario range runs from 32.52 IDR (bear case) to 60.40 IDR (bull case); at 68.00 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 48% below its 52-week high and 33% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 23% fair-value upside, at -32%, VTNY 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
ROIC Compounder 199.49 IDR 330.10 IDR 430.38 IDR 72
Growth-Adj P/E 32.52 IDR 46.46 IDR 60.40 IDR 68
P/E Multiple 15.99 IDR 21.31 IDR 26.64 IDR 63
All 15 models by family
DCF Models
Owner Earnings 109.37 IDR 243.89 IDR 538.91 IDR 31
Earnings-Based
Graham-Dodd 6.90 IDR 48.13 IDR 67.54 IDR 54
Lynch FV 24.87 IDR 35.52 IDR 46.18 IDR 50
PEG = 1.0 24.87 IDR 35.52 IDR 46.18 IDR 46
EPV 144.73 IDR 168.64 IDR 189.90 IDR 59
Multiples
P/E Multiple 15.99 IDR 21.31 IDR 26.64 IDR 63
P/S Multiple 12.94 IDR 17.25 IDR 21.57 IDR 58
P/B Multiple 12.94 IDR 17.25 IDR 21.57 IDR 55
EV/EBIT 201.19 IDR 265.18 IDR 329.18 IDR 53
EV/EBITDA 206.19 IDR 271.85 IDR 337.51 IDR 54
EV/Revenue 64.67 IDR 88.43 IDR 112.20 IDR 43
Asset-Based
NCAV (Graham) 32.60 IDR 43.69 IDR 65.21 IDR 50
Economic Profit
Residual Income 45.98 IDR 43.44 IDR 33.83 IDR 61
ROIC Compounder 199.49 IDR 330.10 IDR 430.38 IDR 72
Growth Earnings
Growth-Adj P/E 32.52 IDR 46.46 IDR 60.40 IDR 68

Widest divergence: DCF Models (243.89 IDR) versus Multiples (21.31 IDR). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) 276B IDR
Revenue growth (YoY) -62.9%
Net margin 0.5%
Return on equity -0.2%
Free cash flow −315B IDR FY2025
P/E ratio 171.8
More key figures
Operating margin -67.5%
EPS (TTM) 0.3900 IDR
EPS growth (YoY) -68.7%
Net debt 1,000B IDR FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 35/100

Of which business quality 34 · Market factors (momentum, volatility) 25

Profitability 16
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 34
Balance sheet, leverage, solvency risk
Investment 64
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 15
Price trend over the last 3–12 months (market factor)
52W Momentum 12
Distance to the 52-week high (market factor)
Net Issuance 71
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 Venteny Fortuna International Tbk provides various financial products and services in the Philippines, Singapore, Indonesia, and Japan. The company operates in Other Financial Services and Other segments. The Other Financial Services segment generates income from interest, administration, commissions, and penalties.

Full company description

PT Venteny Fortuna International Tbk provides various financial products and services in the Philippines, Singapore, Indonesia, and Japan. The company operates in Other Financial Services and Other segments. The Other Financial Services segment generates income from interest, administration, commissions, and penalties. The Other Segments segment generates revenues from management fees, service fees, and digital platform-related activities. It offers B2B financial services, including salary repayment, working capital, micro financing, and invoice system; V-Nancial, a financial solution for early wage access and low-interest loans; V-Academy, which offers various courses and training; V-health, which offers healthcare services, such as medical consultation and wellness programs; and V-Merchant that supports the daily essentials and lifestyle needs. The company was founded in 2021 and is based in Jakarta Selatan, Indonesia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Venteny Fortuna International Tbk reported revenue of 276B IDR in FY2025 versus 40.1B IDR in FY2021, a compound +62.0%/yr. Reported net income was 6.4B IDR in FY2025, compounding +105.5%/yr from FY2021.

Growth Quality 52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
276B IDR
Latest YoY
−9.2%
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.
+55.6%
Revenue +62.0%/yr
FY21 40.1B IDR
FY22 73.2B IDR
FY23 182B IDR
FY24 304B IDR
FY25 276B IDR
Net income +105.5%/yr
FY21 357M IDR
FY22 749M IDR
FY23 1.6B IDR
FY24 10.5B IDR
FY25 6.4B IDR

VTNY screens 32% overvalued. Compare with Adecco Group →

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Cite: Fair Value Calculator (2026). "PT Venteny Fortuna International Tbk Fair Value". https://www.fairvalue-calculator.com/stock/VTNY

Peer Group

Staffing & Employment Services · 85 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 35 · Bottom 25%
Fair Value upside −32% · Bottom 25%
Return on assets -0% · Bottom 25%
Net margin (TTM) 1% · Below median
Operating margin (TTM) -67% · Bottom 25%
Revenue growth -63% · Bottom 25%
Debt / equity 0.48× · Higher than median

Valuation Multiples vs Staffing & Employment Services median · lower = cheaper

P/E (TTM) 171.8× · Pricier than 75% of peers
P/B 1.03× · Cheaper than median
P/S (TTM) 1.52× · Pricier than 75% of peers
EV/EBITDA 2.9× · Cheaper than 75% of peers

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 41
FUTURE 0 · sector 1
PAST 0 · sector 36
HEALTH 76 · sector 95
DIVIDEND 0 · sector 60

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

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

Similar stocks

10 more Staffing & Employment Services stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Adecco Group ADEN CHF 20.46 CHF 23.73 +16%
Korn Ferry, KFY $78.61 $114.56 +46%
Robert Half Inc RHI $36.70 $22.10 -40%
TriNet Group TNET $57.56 $70.85 +23%
ManpowerGroup Inc MAN $39.02 $29.67 -24%
Insperity, Inc NSP $49.48 $17.34 -65%
FESCO Group 600861 ¥13.24 ¥45.46 +243%
Grupa Pracuj S.A GPP 47.40 PLN 65.45 PLN +38%
Barrett Business Services, Inc BBSI $37.43 $38.42 +3%
Maharah for Human Resources Company 1831 5.36 SAR 6.92 SAR +29%

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Frequently asked questions

Is PT Venteny Fortuna International Tbk (VTNY) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 46.46 IDR versus a price of 68.00 IDR, about −32% (overvalued).
What is the fair value of VTNY?
Our model-based fair value for PT Venteny Fortuna International Tbk is 46.46 IDR (as of Jul 19, 2026), built from audited fundamentals. The current price is 68.00 IDR.
What is the quality score of VTNY?
PT Venteny Fortuna International Tbk has a Quality Score of 35/100. 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 Venteny Fortuna International Tbk (VTNY)?
PT Venteny Fortuna International Tbk reported trailing-twelve-month revenue of about 276B IDR (latest available figure, as of Jul 19, 2026).
What is the net profit margin of VTNY?
The net profit margin of PT Venteny Fortuna International Tbk is about 0.5%, meaning it keeps roughly 0.5% 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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