PT Indocement Tunggal Prakarsa Tbk

IDX:INTP Stock Report

Market Cap: Rp24.9t

Indocement Tunggal Prakarsa Valuation

Is INTP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of INTP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: INTP (IDR7400) is trading below our estimate of fair value (IDR8875.46)

Significantly Below Fair Value: INTP is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for INTP?

Key metric: As INTP is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for INTP. This is calculated by dividing INTP's market cap by their current earnings.
What is INTP's PE Ratio?
PE Ratio14.3x
EarningsRp1.74t
Market CapRp24.90t

Price to Earnings Ratio vs Peers

How does INTP's PE Ratio compare to its peers?

The above table shows the PE ratio for INTP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.1x
SMGR Semen Indonesia (Persero)
18.7x26.7%Rp22.0t
SMCB Solusi Bangun Indonesia
8.6xn/aRp6.6t
SMBR Semen Baturaja (Persero)
19.8xn/aRp2.0t
BLES Superior Prima Sukses
13xn/aRp2.2t
INTP Indocement Tunggal Prakarsa
14.3x5.9%Rp24.9t

Price-To-Earnings vs Peers: INTP is good value based on its Price-To-Earnings Ratio (14.3x) compared to the peer average (15.1x).

Price to Earnings Ratio vs Industry

How does INTP's PE Ratio compare vs other companies in the Asian Basic Materials Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
INTP 14.3xIndustry Avg. 17.6xNo. of Companies34PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: INTP is good value based on its Price-To-Earnings Ratio (14.3x) compared to the Asian Basic Materials industry average (17.6x).

Price to Earnings Ratio vs Fair Ratio

What is INTP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

INTP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.3x
Fair PE Ratio14.8x

Price-To-Earnings vs Fair Ratio: INTP is good value based on its Price-To-Earnings Ratio (14.3x) compared to the estimated Fair Price-To-Earnings Ratio (14.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst INTP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRp7,400.00
Rp8,761.76
+18.4%
20.2%Rp13,500.00Rp7,000.00n/a17
Dec ’25Rp6,850.00
Rp8,791.18
+28.3%
20.1%Rp13,500.00Rp7,000.00n/a17
Nov ’25Rp7,200.00
Rp8,940.00
+24.2%
21.8%Rp13,500.00Rp5,800.00n/a15
Oct ’25Rp6,825.00
Rp8,812.50
+29.1%
20.3%Rp12,800.00Rp5,800.00n/a16
Sep ’25Rp6,900.00
Rp8,831.25
+28.0%
20.3%Rp12,800.00Rp5,800.00n/a16
Aug ’25Rp7,250.00
Rp9,529.41
+31.4%
22.8%Rp13,500.00Rp5,600.00n/a17
Jul ’25Rp7,350.00
Rp9,750.00
+32.7%
21.7%Rp13,500.00Rp5,600.00n/a18
Jun ’25Rp6,475.00
Rp10,022.22
+54.8%
20.6%Rp13,500.00Rp5,600.00n/a18
May ’25Rp7,750.00
Rp11,431.94
+47.5%
12.0%Rp13,500.00Rp8,600.00n/a18
Apr ’25Rp8,925.00
Rp11,837.50
+32.6%
12.5%Rp14,300.00Rp8,600.00n/a18
Mar ’25Rp9,175.00
Rp11,870.83
+29.4%
12.5%Rp14,300.00Rp8,400.00n/a18
Feb ’25Rp8,925.00
Rp11,970.83
+34.1%
13.3%Rp14,500.00Rp8,400.00n/a18
Jan ’25Rp9,400.00
Rp12,239.21
+30.2%
12.8%Rp14,500.00Rp8,400.00n/a19
Dec ’24Rp9,550.00
Rp12,420.79
+30.1%
12.6%Rp14,500.00Rp8,400.00Rp6,850.0019
Nov ’24Rp9,100.00
Rp12,160.63
+33.6%
12.6%Rp14,070.00Rp8,400.00Rp7,200.0016
Oct ’24Rp9,950.00
Rp12,542.78
+26.1%
9.3%Rp14,070.00Rp9,200.00Rp6,825.0018
Sep ’24Rp10,600.00
Rp12,425.00
+17.2%
9.9%Rp14,000.00Rp9,200.00Rp6,900.0018
Aug ’24Rp10,425.00
Rp12,114.71
+16.2%
12.4%Rp14,000.00Rp9,000.00Rp7,250.0017
Jul ’24Rp9,925.00
Rp12,114.71
+22.1%
12.4%Rp14,000.00Rp9,000.00Rp7,350.0017
Jun ’24Rp9,900.00
Rp12,088.24
+22.1%
12.2%Rp14,000.00Rp9,000.00Rp6,475.0017
May ’24Rp10,850.00
Rp12,198.67
+12.4%
12.3%Rp13,800.00Rp9,000.00Rp7,750.0015
Apr ’24Rp10,525.00
Rp12,192.50
+15.8%
12.6%Rp14,900.00Rp9,000.00Rp8,925.0016
Mar ’24Rp11,275.00
Rp11,497.50
+2.0%
14.4%Rp14,900.00Rp9,000.00Rp9,175.0016
Feb ’24Rp9,900.00
Rp11,615.29
+17.3%
14.4%Rp14,900.00Rp9,000.00Rp8,925.0017
Jan ’24Rp9,900.00
Rp11,585.88
+17.0%
14.7%Rp14,900.00Rp9,000.00Rp9,400.0017
Dec ’23Rp10,000.00
Rp11,580.00
+15.8%
14.7%Rp14,900.00Rp9,000.00Rp9,550.0017

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 13:15
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

PT Indocement Tunggal Prakarsa Tbk is covered by 44 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kim Kwie SjamsudinAuerbach Grayson
Helmy KristantoBNP Paribas Securities (Asia)
Swati ChopraBofA Global Research