Fortune Indonesia Valuation

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

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate FORU's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate FORU's fair value for valuation analysis.

Key Valuation Metric

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

Key metric: As FORU barely has revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for FORU. This is calculated by dividing FORU's market cap by their current book value.
What is FORU's PB Ratio?
PB Ratio	92.1x
Book	Rp25.64b
Market Cap	Rp2.36t

FORU key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	64.9x
Enterprise Value/EBITDA	-249.9x
PEG Ratio	n/a

Price to Book Ratio vs Peers

How does FORU's PB Ratio compare to its peers?

The above table shows the PB ratio for FORU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PB	Estimated Growth	Market Cap
Peer Average	2.3x
DMMX Digital Mediatama Maxima	2.9x	n/a	Rp1.8t
NFCX NFC Indonesia	3.4x	n/a	Rp960.5b
WIFI Solusi Sinergi Digital	1.1x	n/a	Rp1.0t
DOOH Era Media Sejahtera	1.9x	n/a	Rp425.6b
FORU Fortune Indonesia	92.1x	n/a	Rp2.4t

Price-To-Book vs Peers: FORU is expensive based on its Price-To-Book Ratio (92.1x) compared to the peer average (2.3x).

Price to Book Ratio vs Industry

How does FORU's PB Ratio compare vs other companies in the ID Media Industry?

5 Companies	Price / Book	Estimated Growth	Market Cap
MNCN PT. Media Nusantara Citra	0.2x	13.3%	US$253.33m
BHIT MNC Asia Holding	0.2x	n/a	US$205.26m
BMTR Global Mediacom	0.2x	n/a	US$205.01m
IPTV MNC Vision Networks	0.1x	n/a	US$66.46m

5 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Book vs Industry: FORU is expensive based on its Price-To-Book Ratio (92.1x) compared to the Asian Media industry average (1.4x).

Price to Book Ratio vs Fair Ratio

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

FORU PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	92.1x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate FORU's Price-To-Book Fair Ratio for valuation analysis.

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.