PT GoTo Gojek Tokopedia Tbk

OTCPK:GTOF.F Stock Report

Market Cap: US$4.5b

GoTo Gojek Tokopedia Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: GTOF.F ($0.01) is trading below our estimate of fair value ($0.02)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GTOF.F?

Key metric: As GTOF.F is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for GTOF.F. This is calculated by dividing GTOF.F's market cap by their current revenue.
What is GTOF.F's PS Ratio?
PS Ratio4.6x
SalesRp15.94t
Market CapRp73.13t

Price to Sales Ratio vs Peers

How does GTOF.F's PS Ratio compare to its peers?

The above table shows the PS ratio for GTOF.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average5.5x
GLBE Global-E Online
13.5x22.7%US$8.9b
MNSO MINISO Group Holding
3x17.6%US$7.2b
OLLI Ollie's Bargain Outlet Holdings
3.2x10.9%US$7.2b
ETSY Etsy
2.3x4.9%US$6.4b
GTOF.F GoTo Gojek Tokopedia
4.6x10.8%US$73.1t

Price-To-Sales vs Peers: GTOF.F is good value based on its Price-To-Sales Ratio (4.6x) compared to the peer average (5.5x).

Price to Sales Ratio vs Industry

How does GTOF.F's PS Ratio compare vs other companies in the US Multiline Retail Industry?

12 CompaniesPrice / SalesEstimated GrowthMarket Cap
M Macy's
0.2x-5.6%US$4.40b
KSS Kohl's
0.09x-3.5%US$1.54b
BZUN Baozun
0.1x4.7%US$179.80m
QRTE.A Qurate Retail
0.01xn/aUS$156.06m
GTOF.F 4.6xIndustry Avg. 1.0xNo. of Companies12PS00.81.62.43.24+
12 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: GTOF.F is expensive based on its Price-To-Sales Ratio (4.6x) compared to the US Multiline Retail industry average (1x).

Price to Sales Ratio vs Fair Ratio

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

GTOF.F PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4.6x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate GTOF.F's Price-To-Sales 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?

The above table shows the analyst GTOF.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
US$0.0056
0%
18.3%US$0.0093US$0.0042n/a28
Dec ’25n/a
US$0.0056
0%
18.4%US$0.0095US$0.0043n/a28
Nov ’25n/a
US$0.0056
0%
19.8%US$0.0096US$0.0035n/a29
Oct ’25n/a
US$0.0057
0%
23.4%US$0.0099US$0.0036n/a29
Sep ’25n/a
US$0.0054
0%
23.3%US$0.0097US$0.0036n/a28
Aug ’25n/a
US$0.0053
0%
23.9%US$0.0092US$0.0034n/a27
Jul ’25US$0.011
US$0.0055
-49.0%
23.9%US$0.0092US$0.004n/a26
Jun ’25n/a
US$0.006
0%
29.3%US$0.012US$0.0041n/a28
May ’25n/a
US$0.006
0%
29.3%US$0.012US$0.004n/a28
Apr ’25n/a
US$0.0063
0%
28.4%US$0.012US$0.0041n/a28
Mar ’25n/a
US$0.0065
0%
27.7%US$0.012US$0.0038n/a28
Feb ’25n/a
US$0.0066
0%
30.9%US$0.012US$0.0032n/a28
Jan ’25n/a
US$0.007
0%
35.1%US$0.013US$0.0032n/a28
Dec ’24n/a
US$0.0067
0%
37.3%US$0.012US$0.0032n/a29
Nov ’24n/a
US$0.007
0%
36.8%US$0.012US$0.0031n/a29
Oct ’24n/a
US$0.0082
0%
24.2%US$0.013US$0.0048n/a26
Sep ’24n/a
US$0.0084
0%
23.3%US$0.013US$0.0049n/a28
Aug ’24n/a
US$0.0092
0%
20.8%US$0.014US$0.005n/a26
Jul ’24n/a
US$0.0094
0%
24.6%US$0.017US$0.005US$0.01124
Jun ’24n/a
US$0.01
0%
24.9%US$0.017US$0.0051n/a22
May ’24n/a
US$0.01
0%
25.3%US$0.017US$0.0051n/a22
Apr ’24n/a
US$0.01
0%
24.7%US$0.016US$0.0053n/a21
Mar ’24n/a
US$0.011
0%
32.4%US$0.021US$0.0052n/a20
Feb ’24n/a
US$0.012
0%
34.9%US$0.022US$0.0053n/a19
Jan ’24n/a
US$0.015
0%
37.2%US$0.027US$0.0051n/a19
Dec ’23n/a
US$0.018
0%
35.9%US$0.032US$0.0093n/a17

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 12:45
End of Day Share Price 2024/11/22 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 GoTo Gojek Tokopedia Tbk is covered by 40 analysts. 23 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nirgunan TiruchelvamAletheia Analyst Network Limited
Sachin SalgaonkarBofA Global Research
Khang Chuen OngCGS International