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PT WEHA Transportasi Indonesia Tbk, (WEHA) Fair Value & Analysis

Industrials · ID · Market cap 152B IDR

PW PT WEHA Transportasi Indonesia Tbk, WEHA · JK
Price110.00 IDR
Fair Value307.20 IDR
Upside+179.3%
Quality42/100
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Expensive Growth
Thin margins · 7.4% net margin
Low debt · generates free cash flow
Ranks above peers (11/14)
Moderate moat 47/100
Evidence: High Range 156.01 IDR – 398.86 IDR Share as image

Fair value as of: Jul 18, 2026

From 26 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from 290.70 IDR to 307.20 IDR (+5.7%) since Jun 25, 2026. Share price +10.0% over the past month.

Below-average quality, screening 179% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (42/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (156.01 IDR). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (156.01 IDR to 398.86 IDR) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

206.29 IDR 44.43 IDR Fair Value 307.20 IDR Feb 2021 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

60‑month range 44.43 IDR – 206.29 IDR · fair‑value band 156.01 IDR – 398.86 IDR · the 110.00 IDR price screens below the 307.20 IDR fair value. Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

PT WEHA Transportasi Indonesia Tbk, (WEHA) currently trades at 110.00 IDR, while our model-based Fair Value estimate is 307.20 IDR, implying the stock looks roughly 179.3% undervalued today. The Quality Score stands at 42/100 (below-average quality), in the Industrials 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: high), always confirm before acting.

Over the trailing twelve months, PT WEHA Transportasi Indonesia Tbk, generated revenue of 330B IDR at a net margin of 7.4%. Revenue grew 17.5% year over year. It earns a return on equity of 9.5%. Net debt stands at 84.8B IDR. Fundamentals as of Jul 18, 2026

Our scenario range runs from 156.01 IDR (bear case) to 398.86 IDR (bull case); at 110.00 IDR, the current price sits below 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 40% below its 52-week high and 25% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -28% fair-value upside, at 179%, WEHA screens cheaper 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
Growth DCF 19.11 IDR 53.77 IDR 112.91 IDR 80
Residual Income 150.62 IDR 163.20 IDR 203.74 IDR 76
Rev-Margin DCF 132.65 IDR 283.06 IDR 478.33 IDR 74
All 26 models by family
DCF Models
FCF DCF 19.53 IDR 57.52 IDR 124.25 IDR 38
Owner Earnings 89.94 IDR 186.42 IDR 355.85 IDR 31
5Y Revenue Exit 132.65 IDR 290.70 IDR 512.35 IDR 39
5Y EBITDA Exit 349.62 IDR 741.09 IDR 1,246 IDR 41
5Y P/E Exit 139.19 IDR 304.27 IDR 497.12 IDR 38
10Y Revenue Exit 87.00 IDR 225.00 IDR 448.98 IDR 36
10Y EBITDA Exit 238.65 IDR 556.34 IDR 1,067 IDR 37
10Y P/E Exit 98.73 IDR 234.99 IDR 436.14 IDR 35
Earnings-Based
Graham-Dodd 103.32 IDR 490.88 IDR 675.29 IDR 54
Lynch FV 130.51 IDR 186.44 IDR 242.37 IDR 50
PEG = 1.0 130.51 IDR 186.44 IDR 242.37 IDR 46
EPV 148.23 IDR 177.31 IDR 202.75 IDR 59
Dividend Discount
Gordon GGM 55.09 IDR 114.55 IDR 181.71 IDR 70
DDM Multi-Stage 55.09 IDR 96.59 IDR 120.22 IDR 61
Multiples
P/E Multiple 239.32 IDR 319.09 IDR 398.86 IDR 63
P/S Multiple 193.73 IDR 258.31 IDR 322.89 IDR 58
P/B Multiple 193.73 IDR 258.31 IDR 322.89 IDR 55
EV/EBIT 273.17 IDR 372.97 IDR 472.76 IDR 53
EV/EBITDA 546.96 IDR 738.02 IDR 929.08 IDR 54
EV/Revenue 187.46 IDR 279.04 IDR 370.62 IDR 43
Asset-Based
NCAV (Graham) 88.91 IDR 119.14 IDR 177.81 IDR 50
Growth DCF
Growth DCF 19.11 IDR 53.77 IDR 112.91 IDR 80
Rev-Margin DCF 132.65 IDR 283.06 IDR 478.33 IDR 74
Economic Profit
Residual Income 150.62 IDR 163.20 IDR 203.74 IDR 76
ROIC Compounder 148.23 IDR 177.31 IDR 238.66 IDR 72
Growth Earnings
Growth-Adj P/E 205.24 IDR 293.19 IDR 381.15 IDR 68

Widest divergence: Growth Earnings (293.19 IDR) versus Growth DCF (53.77 IDR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 330B IDR
Revenue growth (YoY) +17.5%
Net margin 7.4%
Return on equity 9.5%
Free cash flow 5.1B IDR FY2025
P/E ratio 6.4
More key figures
Operating margin 8.9%
EPS (TTM) 16.19 IDR
EPS growth (YoY) +86.4%
Net debt 84.8B IDR FY2025

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

Quality Score breakdown

Overall quality 42/100

Of which business quality 44 · Market factors (momentum, volatility) 33

Profitability 43
Margins and returns on capital today
Quality Growth 38
Are margins and returns improving?
Cashflow 49
Earnings quality: real cash, not paper profit
Fin. Strength 52
Balance sheet, leverage, solvency risk
Investment 31
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 26
Distance to the 52-week high (market factor)
Net Issuance 40
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 WEHA Transportasi Indonesia Tbk, together with its subsidiaries, provides passenger transportation services in Indonesia. It operates in three segments: Passenger Transportation Services, Inter-Cities Transportation Services, and Other Services.

Full company description

PT WEHA Transportasi Indonesia Tbk, together with its subsidiaries, provides passenger transportation services in Indonesia. It operates in three segments: Passenger Transportation Services, Inter-Cities Transportation Services, and Other Services. The company manages integrated land transportation services, including airport handling, wedding, employee shuttle, MICE transportation, and school bus transportation services. It also provides bus chartering; intercity shuttle and package delivery services; public transportation; car rental; and tour services, including open and private trips. The company serves customers in the oil and gas, banking, telecommunications, tourism, and other industries. The company was formerly known as PT Panorama Transportasi Tbk and changed its name to PT WEHA Transportasi Indonesia Tbk in June 2015. PT WEHA Transportasi Indonesia Tbk was founded in 2001 and is headquartered in Jakarta Pusat, Indonesia. PT WEHA Transportasi Indonesia Tbk operates as a subsidiary of PT Panorama Sentrawisata Tbk.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT WEHA Transportasi Indonesia Tbk, reported revenue of 318B IDR in FY2025 versus 93.4B IDR in FY2021, a compound +35.8%/yr. Reported net income was 22.2B IDR in FY2025.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
318B IDR
Latest YoY
+4.4%
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.
+20.1%
Avg. 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.
+35.1%
Avg. growth/yr (19Y) 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.
+11.3%
Revenue +35.8%/yr
FY21 93.4B IDR
FY22 183B IDR
FY23 267B IDR
FY24 304B IDR
FY25 318B IDR
Net income
FY21 −9.6B IDR
FY22 19.9B IDR
FY23 31.7B IDR
FY24 28.3B IDR
FY25 22.2B IDR

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Cite: Fair Value Calculator (2026). "PT WEHA Transportasi Indonesia Tbk, Fair Value". https://www.fairvalue-calculator.com/stock/WEHA

Peer Group

Railroads · 111 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 42 · Bottom 25%
Fair Value upside +179% · Top 25%
Return on equity (TTM) 10% · Above median
Return on assets 6% · Top 25%
Net margin (TTM) 7% · Above median
Operating margin (TTM) 9% · Above median
Revenue growth 18% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.27× · Higher than median

Valuation Multiples vs Railroads median · lower = cheaper

P/E (TTM) 6.4× · Cheaper than 75% of peers
P/B 0.58× · Cheaper than 75% of peers
P/S (TTM) 0.46× · Cheaper than 75% of peers
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 2.2× · 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 100 · sector 28
FUTURE 88 · sector 20
PAST 38 · sector 31
HEALTH 86 · sector 88
DIVIDEND 0 · sector 41

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

Stock Price Fair Value vs Fair Value
Union Pacific Corporation UNP $301.75 $144.60 -52%
CSX Corporation CSX $49.41 $12.85 -74%
Canadian Pacific Kansas City Limited CP $92.91 $35.00 -62%
Canadian National Railway Company CNI $128.22 $92.63 -28%
Norfolk Southern Corporation NSC $327.47 $117.90 -64%
Westinghouse Air Brake Technologies Corporation WAB $259.71 $144.80 -44%
Beijing-Shanghai High-Speed Railway Co 601816 ¥4.82 ¥5.65 +17%
CRRC Corporation 601766 ¥5.65 ¥9.53 +69%
Daqin Railway Co 601006 ¥4.85 ¥6.24 +29%
Hyundai Rotem Company 064350 167,700 KRW 125,182 KRW -25%

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Frequently asked questions

Is PT WEHA Transportasi Indonesia Tbk, (WEHA) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 307.20 IDR versus a price of 110.00 IDR, about +179% (undervalued).
What is the fair value of WEHA?
Our model-based fair value for PT WEHA Transportasi Indonesia Tbk, is 307.20 IDR (as of Jul 18, 2026), built from audited fundamentals. The current price is 110.00 IDR.
What is the quality score of WEHA?
PT WEHA Transportasi Indonesia Tbk, has a Quality Score of 42/100. 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 WEHA Transportasi Indonesia Tbk, (WEHA)?
PT WEHA Transportasi Indonesia Tbk, reported trailing-twelve-month revenue of about 330B IDR (latest available figure, as of Jul 18, 2026).
What is the net profit margin of WEHA?
The net profit margin of PT WEHA Transportasi Indonesia Tbk, is about 7.4%, meaning it keeps roughly 7.4% 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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