PT Indocement Tunggal Prakarsa Tbk

IDX:INTP Stock Report

Market Cap: Rp23.6t

Indocement Tunggal Prakarsa Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • 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 (IDR7000) is trading below our estimate of fair value (IDR9257.13)

Significantly Below Fair Value: INTP is trading below fair value by more than 20%.

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 Ratio13.5x
EarningsRp1.74t
Market CapRp23.55t

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 Average15.8x
SMGR Semen Indonesia (Persero)
20.6x31.4%Rp24.2t
SMCB Solusi Bangun Indonesia
8.7xn/aRp6.6t
SMBR Semen Baturaja (Persero)
20.8xn/aRp2.1t
BLES Superior Prima Sukses
13xn/aRp2.2t
INTP Indocement Tunggal Prakarsa
13.5x6.0%Rp23.6t

Price-To-Earnings vs Peers: INTP is good value based on its Price-To-Earnings Ratio (13.5x) compared to the peer average (15.7x).

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 13.5xIndustry Avg. 17.1xNo. of Companies40PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: INTP is good value based on its Price-To-Earnings Ratio (13.5x) compared to the Asian Basic Materials industry average (17.3x).

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 Ratio13.5x
Fair PE Ratio15x

Price-To-Earnings vs Fair Ratio: INTP is good value based on its Price-To-Earnings Ratio (13.5x) compared to the estimated Fair Price-To-Earnings Ratio (15x).

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
CurrentRp7,000.00
Rp8,914.71
+27.4%
20.1%Rp13,500.00Rp7,000.00n/a17
Nov ’25Rp7,200.00
Rp9,060.00
+25.8%
21.7%Rp13,500.00Rp5,800.00n/a15
Oct ’25Rp6,825.00
Rp8,925.00
+30.8%
20.4%Rp12,800.00Rp5,800.00n/a16
Sep ’25Rp6,900.00
Rp8,943.75
+29.6%
20.4%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%Rp14,500.00Rp8,400.00n/a19
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
Nov ’23Rp10,200.00
Rp11,570.56
+13.4%
16.4%Rp15,500.00Rp9,000.00Rp9,100.0018

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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