Wintermar Offshore Marine Tbk (WINS) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Wintermar Offshore Marine Tbk IDR 661, price IDR 570, upside +16.0%, quality 58 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 85.02 IDR – 620.00 IDR · fair‑value band 595.19 IDR – 710.43 IDR · the 570.00 IDR price screens below the 661.11 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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PT Wintermar Offshore Marine Tbk provides supporting services for the offshore transportation for the oil and gas industry in Indonesia, Malaysia, Brunei, Myanmar, Thailand, India, Vietnam, the Philippines, the Middle East, and Taiwan. The company operates through three segments: Charter of Own Vessels, Charter of Third Party Vessels, and Other Services.
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PT Wintermar Offshore Marine Tbk provides supporting services for the offshore transportation for the oil and gas industry in Indonesia, Malaysia, Brunei, Myanmar, Thailand, India, Vietnam, the Philippines, the Middle East, and Taiwan. The company operates through three segments: Charter of Own Vessels, Charter of Third Party Vessels, and Other Services. Its fleet includes platform supply vessels, anchor handling tug supply vessels, anchor handling tug vessels, fast utility vessels, fast multi-purpose supply vessels, azimuth stern drive tugs, utility vessels, and heavy load barges. The company also offers rig moving and anchor handling, crew transport and rig supply, firefighting and emergency rescue, air diving and remotely operated vehicle support, offshore windfarm installation support, pipe tailing support, seismic survey support, cable laying support, and harbour towage services. The company was formerly known as PT Swakarya Mulia Shipping and changed its name to PT Wintermar Offshore Marine Tbk in September 2010. PT Wintermar Offshore Marine Tbk was founded in 1970 and is based in Jakarta, Indonesia.
Stock analysis
Wintermar Offshore Marine Tbk (WINS) currently trades at 570.00 IDR, while our model-based Fair Value estimate is 661.11 IDR, implying the stock looks roughly 13.8% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 661.11 IDR per share, and 5 of the 12 models we run sit above the 570.00 IDR price.
Bear case: the Asset-Based group reads lowest at 396.67 IDR, and 7 of the 12 models stay below the price. Evidence for this calculation is low.
Scenario range: 595.19 IDR (bear) to 710.43 IDR (bull), the price of 570.00 IDR sits below 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 58/100 (solid quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Wintermar Offshore Marine Tbk reported revenue of $80.3M in FY2025 versus $42.3M in FY2021, a compound +17.4%/yr. Reported net income was $19.8M in FY2025, compounding +251.2%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 2.5T IDR (≈ $141M) · P/E ratio 6.1 · P/S ratio 1.51 · EPS (TTM) 93.02 IDR · Net margin 24.6% · Return on equity 16.0% · Return on assets (EBIT) 6.0% · Operating margin 42.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 8% below its 52-week high and 46% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 61% fair-value upside, at 16%, WINS screens richer than that median.
Fair Value models
Bear 595.19 IDRFair Value 661.11 IDRBull 710.43 IDR
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (68.30 IDR per share) are deliberately not added.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 ⓘEvidence = 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.
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.54/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−2.5%
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.
+9.6%
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.
+13.1%
Start year 2020 (pandemic). Over 10 years: −2.2% a year
Revenue growth 18 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.
−36.2%
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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.
Compare Wintermar Offshore Marine Tbk with another stock
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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.Marine Shipping · 233 stocks
Beats the industry median on 10/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside+16% · Above median
Profitability
Return on equity (TTM)16% · Top 25%
Return on assets7% · Top 25%
Net margin (TTM)26% · Above median
Operating margin (TTM)42% · Top 25%
Growth and dividend
Revenue growth48% · Top 25%
Balance sheet
Debt / equity0.19× · Below median
Valuation Multiplesvs Marine Shipping median · lower = cheaper
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Is Wintermar Offshore Marine Tbk (WINS) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 661.11 IDR versus a price of 570.00 IDR, about +16% upside (undervalued).
What is the fair value of WINS?
Our model-based fair value for Wintermar Offshore Marine Tbk is 661.11 IDR (as of Sep 24, 2026), built from audited fundamentals. The current price: 570.00 IDR.
What is the quality score of WINS?
Wintermar Offshore Marine Tbk has a Quality Score of 58/100. 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 Wintermar Offshore Marine Tbk (WINS)?
Our model-based price target is the fair value of 661.11 IDR (as of Sep 24, 2026) from 12 valuation models. Cautious scenario 595.19 IDR, optimistic scenario 710.43 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Wintermar Offshore Marine Tbk stock forecast for 2026?
Our models put fair value at 661.11 IDR, about +16% upside versus a price of 570.00 IDR (undervalued). Cautious scenario 595.19 IDR, optimistic scenario 710.43 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Wintermar Offshore Marine Tbk (WINS)?
Wintermar Offshore Marine Tbk reported trailing-twelve-month revenue of about $89.3M (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Wintermar Offshore Marine Tbk (WINS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Wintermar Offshore Marine Tbk it is 661.11 IDR per share (as of Sep 24, 2026), against a price of 570.00 IDR. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is Wintermar Offshore Marine Tbk stock overvalued or undervalued in 2026?
As of Sep 24, 2026, WINS trades below its calculated fair value: price 570.00 IDR, fair value 661.11 IDR, a gap of about +16% (undervalued). 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 WINS?
No. The price is what the market pays today (570.00 IDR); the fair value is what the company's own numbers justify (661.11 IDR). For Wintermar Offshore Marine Tbk the two are 91.11 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Wintermar Offshore Marine Tbk worth?
The market values Wintermar Offshore Marine Tbk at about 2.5T IDR (market capitalisation, as of Sep 24, 2026). Per share that is 570.00 IDR; our models calculate a fair value of 661.11 IDR per share.
What do the bullish and bearish scenarios say about WINS?
Our models span a range for Wintermar Offshore Marine Tbk: cautious scenario 595.19 IDR, base 661.11 IDR, optimistic 710.43 IDR per share (as of Sep 24, 2026, price 570.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of WINS?
Wintermar Offshore Marine Tbk trades at a price-to-earnings ratio of 6.1 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 661.11 IDR is built from several models across several years. Other multiples: P/B 1.5, P/S 2.8, EV/EBITDA 5.2.
How solid is the balance sheet of Wintermar Offshore Marine Tbk (WINS)?
Balance-sheet figures for Wintermar Offshore Marine Tbk (as of Sep 24, 2026): return on equity 16.0%, debt of 0.19 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is WINS from its 52-week high?
Wintermar Offshore Marine Tbk trades at 570.00 IDR, about 8% below its 52-week high of 620.00 IDR and 46% above the low of 391.14 IDR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 661.11 IDR is for.
Which stocks are comparable to Wintermar Offshore Marine Tbk?
From the same area (Industrials) we also value Adani Ports and Special Economic Zone Limited, COSCO SHIPPING Holdings, Hapag-Lloyd Aktiengesellschaft,, Shanghai International Port (Group) Co, 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 Wintermar Offshore Marine Tbk stock attractive at the current price?
The data as of Sep 24, 2026: price 570.00 IDR, calculated fair value 661.11 IDR (+16%), Quality Score 58/100, from 12 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 WINS calculated?
We run Wintermar Offshore Marine Tbk through 12 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 661.11 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 13.0 % above its aggregate fair value. Wintermar Offshore Marine Tbk currently trades 16 % below its own fair value, and the market average says nothing about that. 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 Wintermar Offshore Marine Tbk (WINS)?
The closing price on Sep 24, 2026 was 570.00 IDR. Our model-based fair value is 661.11 IDR, about +16% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Wintermar Offshore Marine Tbk right now?
The price is below even our cautious bear case (595.19 IDR). The market is more pessimistic than our downside scenario. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Wintermar Offshore Marine Tbk
How large is the market capitalisation of Wintermar Offshore Marine Tbk (WINS)?
The market capitalisation of Wintermar Offshore Marine Tbk is 2.5T IDR (≈ $141M). 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 Wintermar Offshore Marine Tbk (WINS)?
The price-to-sales ratio of Wintermar Offshore Marine Tbk is 1.51 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Wintermar Offshore Marine Tbk (WINS)?
Earnings per share at Wintermar Offshore Marine Tbk are 93.02 IDR (price ÷ EPS = P/E 6.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Wintermar Offshore Marine Tbk (WINS)?
The net margin of Wintermar Offshore Marine Tbk is 24.6% (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 Wintermar Offshore Marine Tbk (WINS)?
The return on equity (ROE) of Wintermar Offshore Marine Tbk is 16.0% (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 Wintermar Offshore Marine Tbk (WINS)?
On an EBIT basis the return on assets of Wintermar Offshore Marine Tbk is 6.0% (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 Wintermar Offshore Marine Tbk (WINS)?
The operating margin of Wintermar Offshore Marine Tbk is 42.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Wintermar Offshore Marine Tbk (WINS)?
Revenue at Wintermar Offshore Marine Tbk is growing +47.8% versus a year earlier (3y avg +9.6%). 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 Wintermar Offshore Marine Tbk (WINS)?
Earnings per share at Wintermar Offshore Marine Tbk are growing +196% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Wintermar Offshore Marine Tbk (WINS) generate?
The free cash flow of Wintermar Offshore Marine Tbk is −$771K (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 Wintermar Offshore Marine Tbk (WINS) carry?
The net debt of Wintermar Offshore Marine Tbk is $741K (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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