GoTo Gojek Tokopedia

Analysts Adjust GoTo Gojek Tokopedia Valuation Amid Slight Changes in Discount Rate and P/E Ratio

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

08 Dec 24

Updated

05 Dec 25

Views

326

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

-2.9%

7D

-4.2%

Loading

1Y

-2.9%

7D

-4.2%

You can edit this narrative until Dec 6 11:05 AM. Then, changes will post as Updates.

Author's Valuation

Rp91.8125.9% undervalued

AnalystConsensusTarget Fair Value

Shared on 05 Dec 25

Fair value Decreased 0.43%

GOTO: Golden Share Merger Structure Will Drive Future Market Dominance

Analysts have made a marginal downward revision to their price target on GoTo Gojek Tokopedia, trimming fair value to the equivalent of approximately $91.81 from $92.20. This reflects slightly lower profit margin expectations that more than offset modestly higher projected revenue growth and a marginally lower discount rate.

Shared on 21 Nov 25

GOTO: Merger Talks With Grab Will Drive Market Dominance And Future Upside

Analysts have maintained their price target for GoTo Gojek Tokopedia at Rp92.2, citing slight improvements in discount rate, revenue growth, and profit margin. These factors have offset an uptick in future price-to-earnings estimates.

Shared on 06 Nov 25

Fair value Decreased 0.77%

GOTO: Stronger Profit Margins And Lower P/E Will Drive Share Gains

Narrative Update: GoTo Gojek Tokopedia Analyst Price Target Revision Analysts have slightly reduced their fair value estimate for GoTo Gojek Tokopedia from Rp92.92 to Rp92.20, citing updates in the discount rate, revenue growth, and profit margin assumptions. Valuation Changes The Fair Value Estimate has fallen slightly from IDR 92.92 to IDR 92.20 per share.

Shared on 22 Oct 25

Fair value Decreased 1.31%

Analysts have slightly lowered their price target for GoTo Gojek Tokopedia from $94.15 to $92.92, citing minor adjustments in discount rates and forward price-to-earnings ratios. Valuation Changes Fair Value has decreased modestly from IDR 94.15 to IDR 92.92.

Shared on 08 Oct 25

Fair value Decreased 2.25%

Analysts have revised GoTo Gojek Tokopedia's fair value target slightly downward to Rp94.15 from Rp96.32. This adjustment reflects modest changes in projected growth rates, discount rate, and profitability assumptions.

Shared on 04 Sep 25

As consensus forecasts for both revenue growth (17.3% p.a.) and net profit margin (10.98%) remained stable, the analyst price target for GoTo Gojek Tokopedia was unchanged at IDR96. What's in the News GoTo completed the buyback of 32,186,417,803 shares (2.99%) for $130.83 million, fulfilling its buyback program.

Shared on 01 May 25

Fair value Decreased 0.61%

Shared on 23 Apr 25

Fair value Decreased 1.23%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 17 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

Fair value Decreased 0.28%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 02 Apr 25

Fair value Increased 2.26%

Shared on 26 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

Fair value Increased 1.91%

AnalystConsensusTarget has increased profit margin from 3.6% to 5.8% and decreased future PE multiple from 163.9x to 103.3x.

Shared on 12 Mar 25

Fair value Decreased 3.44%

AnalystConsensusTarget has increased revenue growth from 13.0% to 14.5% and increased future PE multiple from 93.4x to 163.9x.

AnalystConsensusTarget Fair Value

Rp91.81

25.9% undervalued

Future estimation in

Growth p.a.

Growth p.a.

%

Decrease

Increase

Current revenue growth rate

14.59%

General Merchandise and Department Stores revenue growth rate

0.41%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

14.73%

Calculation

Rp3.50t

Earnings '28

x

42.26x

PE Ratio '28

=

Rp147.71t

Market Cap '28

Rp147.71t

Market Cap '28

/

1.06t

No. shares '28

=

Rp138.71

Share Price '28

Rp138.71 Share Price '28

Discounted to 2025 @ 14.75% p.a.

=

Rp91.81

Fair Value '25