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Charoen Pokphand Indonesia TBK PT (CPIN) Fair Value & Analysis

Consumer Defensive · ID · Market cap 51.2T IDR (≈ $5.1B) · ISIN ID1000117708

What is Charoen Pokphand Indonesia TBK PT really worth?

CP Charoen Pokphand Indonesia TBK PT CPIN · JK
Price3,210 IDR
Fair Value4,918 IDR
Upside+53.2%
Quality69/100

A solid business, trading 35% below our fair value of 4,918 IDR.

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Strengths

Healthy Growth (revenue 5y +10.7 %/yr)
Low debt · generates free cash flow
Ranks above peers (12/15)

Risks

!Thin margins · 9.2% net margin
!Moderate moat 63/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range 2,770 IDR – 6,405 IDR

Fair value as of: Aug 20, 2026

From 24 valuation models · updated 16 days ago

Fair value updated Aug 20, 2026, revised from 6,818 IDR to 4,918 IDR (−27.9%) since Aug 13, 2026. Share price +3.2% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid quality (69/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (2,770 IDR to 6,405 IDR) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

6,803 IDR 2,960 IDR Fair Value 4,918 IDR Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.

How to read this chart

60‑month range 2,960 IDR – 6,803 IDR · fair‑value band 2,770 IDR – 6,405 IDR · the 3,210 IDR price screens below the 4,918 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 20, 2026.

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Analysis

Charoen Pokphand Indonesia TBK PT (CPIN) currently trades at 3,210 IDR, while our model-based Fair Value estimate is 4,918 IDR, implying the stock looks roughly 34.7% undervalued today. The Quality Score stands at 69/100 (solid quality), in the Consumer Defensive sector. Bull case: the DCF Models group reads highest at a median of 7,419 IDR per share, and 22 of the 24 models we run sit above the 3,210 IDR price. Bear case: the Asset-Based group reads lowest at 1,395 IDR, and 2 of the 24 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Charoen Pokphand Indonesia TBK PT generated revenue of 73.0T IDR at a net margin of 9.2%. Revenue grew 12.7% year over year. It earns a return on equity of 19.5%. Net debt stands at 2.2T IDR. Fundamentals as of Aug 20, 2026

Our scenario range runs from 2,770 IDR (bear case) to 6,405 IDR (bull case); at 3,210 IDR, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 38% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at −19% fair-value upside, at 53%, CPIN screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 275.32 IDR per share, which is 5.6 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF best evidence 3,365 IDR 6,038 IDR 10,817 IDR 77
Growth DCF 3,364 IDR 5,894 IDR 10,400 IDR 75
EPV 3,457 IDR 4,049 IDR 4,576 IDR 74
All 24 models by family
DCF Models
FCF DCF best evidence 3,365 IDR 6,038 IDR 10,817 IDR 77
Owner Earnings 4,498 IDR 8,098 IDR 14,536 IDR 73
5Y Revenue Exit 3,971 IDR 7,104 IDR 11,365 IDR 71
5Y EBITDA Exit 4,544 IDR 8,270 IDR 12,931 IDR 73
5Y P/E Exit 4,553 IDR 8,287 IDR 12,533 IDR 69
10Y Revenue Exit 3,603 IDR 6,551 IDR 11,069 IDR 64
10Y EBITDA Exit 4,137 IDR 7,419 IDR 12,392 IDR 66
10Y P/E Exit 4,143 IDR 7,431 IDR 12,055 IDR 62
Earnings-Based
Graham-Dodd 2,340 IDR 10,338 IDR 14,154 IDR 64
Lynch FV 2,677 IDR 3,824 IDR 4,971 IDR 61
PEG = 1.0 2,677 IDR 3,824 IDR 4,971 IDR 57
EPV 3,457 IDR 4,049 IDR 4,576 IDR 74
Multiples
P/E Multiple 5,421 IDR 7,228 IDR 9,035 IDR 63
P/S Multiple 4,388 IDR 5,851 IDR 7,314 IDR 58
P/B Multiple 4,388 IDR 5,851 IDR 7,314 IDR 55
EV/EBIT 5,989 IDR 7,952 IDR 9,915 IDR 66
EV/EBITDA 5,507 IDR 7,310 IDR 9,113 IDR 67
EV/Revenue 4,303 IDR 6,104 IDR 7,906 IDR 54
Asset-Based
NCAV (Graham) 1,041 IDR 1,395 IDR 2,082 IDR 54
Growth DCF
Growth DCF 3,364 IDR 5,894 IDR 10,400 IDR 75
Rev-Margin DCF 3,971 IDR 7,007 IDR 10,864 IDR 71
Economic Profit
Residual Income 2,364 IDR 3,114 IDR 10,456 IDR 64
ROIC Compounder 3,908 IDR 5,346 IDR 7,302 IDR 71
Growth Earnings
Growth-Adj P/E 4,401 IDR 6,287 IDR 8,173 IDR 67

Widest divergence: DCF Models (7,419 IDR) versus Asset-Based (1,395 IDR). Highest evidence: FCF DCF (77).

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Key figures & financial health

P/E ratio 7.9
P/S ratio 0.63 P/E × margin
EPS (TTM) 406.98 IDR price ÷ EPS = P/E 7.9
Net margin 8.0% FY2025
Return on equity 19.5% TTM
Return on assets (EBIT) 12.7% avg 5y
More key figures
Profitability
Operating margin 17.2% TTM
Growth
Revenue (TTM) 73.0T IDR TTM
Revenue growth (YoY) +12.7% 3y avg +7.5%
EPS growth (YoY) +67.7%
Balance sheet & cash flow
Free cash flow 4.0T IDR FY2025
Net debt 2.2T IDR FY2025 · ≈ 0.5 yrs of FCF

Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 69/100

Of which business quality 66 · Market factors (momentum, volatility) 33

Profitability 65
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 41
Earnings quality: real cash, not paper profit
Fin. Strength 79
Balance sheet, leverage, solvency risk
Investment 76
Disciplined investing over empire-building
Low Volatility 72
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 8
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

PT Charoen Pokphand Indonesia Tbk, together with its subsidiaries, produces and sells poultry feed, broiler, food products, and day-old chicks (DOC) in Indonesia and internationally. It operates through Feed, Broiler, Day-Old Chicks, Processed Chicken, and Others segments.

Full company description

PT Charoen Pokphand Indonesia Tbk, together with its subsidiaries, produces and sells poultry feed, broiler, food products, and day-old chicks (DOC) in Indonesia and internationally. It operates through Feed, Broiler, Day-Old Chicks, Processed Chicken, and Others segments. The company is involved in the broiler breeding; slaughterhouse; non-poultry and poultry meat packing activities; manufacture and preservation of poultry and meat products; and offers frosting of fruits and vegetables; mixed flour and flour dough; food and processed food; cooking spices and seasonings; animal food rations; pharmaceutical product for animals; plastic packaging; and household appliances and equipment. It also engages in the wholesale trading of live-stocks, poultry, and processed chicken; trading of poultry equipment; warehousing and storage; cold storage activities; broiler cultivation; fruit and vegetable drying; soft drink; bottled water; and other beverage industries activities. In addition, the company is involved in pharmaceutical ingredients industry for animals; wholesale of beef and processed beef, chicken meat and processed chicken, and meat and other processed meat; production and distribution chicken feather meal; trade of processed fishery products; wholesale of eggs and egg processed products; and other food and beverages. Additionally, it provides macaroni, noodles, and similar products; bread and cake products; soybeans, other legumes, soy sauce, tempeh, and tofu; corn milling and cleaning; laboratory testing services; and agricultural and forestry machineries, as well as wholesale trade of non-dairy non-alcoholic beverages. The company was formerly known as PT Charoen Pokphand Indonesia Animal Feedmill Co. Limited. The company was founded in 1972 and is headquartered in Jakarta, Indonesia. PT Charoen Pokphand Indonesia Tbk is a subsidiary of PT Charoen Pokphand Indonesia Group.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Charoen Pokphand Indonesia TBK PT reported revenue of 70.7T IDR in FY2025 versus 51.7T IDR in FY2021, a compound +8.1%/yr. Reported net income was 5.6T IDR in FY2025, compounding +11.7%/yr from FY2021.

Growth Quality 82/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
70.7T IDR
Latest YoY
+4.8%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.5%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.7%
Avg. revenue growth/yr (25Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.7%
Value creation/yr (5Y, in IDR) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in IDR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+9.2% (9.2 + 0.0)
Revenue +8.1%/yr
FY21 51.7T IDR
FY22 56.9T IDR
FY23 61.6T IDR
FY24 67.5T IDR
FY25 70.7T IDR
Net income +11.7%/yr
FY21 3.6T IDR
FY22 2.9T IDR
FY23 2.3T IDR
FY24 3.7T IDR
FY25 5.6T IDR
Character of growth · EPS growth decomposed (2014-2025) +8.1 % p.a.
Revenue per share +8.3 %

of which total revenue +8.3 % · buybacks/dilution +0.0 %

EBIT margin −2.2 %
Tax rate +0.6 %
Residual (interest, one-offs) +1.5 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Charoen Pokphand Indonesia TBK PT Fair Value". https://www.fairvalue-calculator.com/stock/CPIN

Peer Group

Farm Products · 292 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 69 · Top 25%
Fair Value upside +53% · Top 25%
Return on equity (TTM) 20% · Top 25%
Return on assets 13% · Top 25%
Net margin (TTM) 9% · Above median
Operating margin (TTM) 17% · Top 25%
Revenue growth 13% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.08× · Lower than median

Valuation Multiples vs Farm Products median · lower = cheaper

P/E (TTM) 7.9× · Cheaper than 75% of peers
P/B 1.50× · Pricier than median
P/S (TTM) 0.70× · Pricier than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 4.6× · Cheaper than median
PEG 0.80× · Cheaper than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 25
FUTURE64 · sector 21
PAST78 · sector 19
HEALTH96 · sector 94
DIVIDEND0 · sector 49

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Farm Products stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).

Stock Price Fair Value vs Fair Value
Archer-Daniels-Midland Company ADM $81.54 $38.02 −53%
Muyuan Foods Group 002714 ¥40.15 ¥47.42 +18%
Bunge Global SA BG $111.57 $56.19 −50%
Tyson Foods, Inc TSN $55.40 $28.60 −48%
Wens Foodstuff Group 300498 ¥13.80 ¥11.18 −19%
Mowi ASA MOWI kr 201.80 kr 256.14 +27%
Fujian Wanchen Food Group 300972 ¥201.06 ¥143.09 −29%
United Plantations Berhad 2089 32.60 MYR 23.34 MYR −28%
L.D.C. S.A LOUP €112.20 €184.99 +65%
New Hope Liuhe Co 000876 ¥6.86 ¥6.33 −8%

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Frequently asked questions

Is Charoen Pokphand Indonesia TBK PT (CPIN) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of 4,918 IDR versus a price of 3,210 IDR, about +53% upside (undervalued).
What is the fair value of CPIN?
Our model-based fair value for Charoen Pokphand Indonesia TBK PT is 4,918 IDR (as of Aug 20, 2026), built from audited fundamentals. The current price: 3,210 IDR.
What is the quality score of CPIN?
Charoen Pokphand Indonesia TBK PT has a Quality Score of 69/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Charoen Pokphand Indonesia TBK PT (CPIN)?
Charoen Pokphand Indonesia TBK PT reported trailing-twelve-month revenue of about 73.0T IDR (latest available figure, as of Aug 20, 2026).
What is the net profit margin of CPIN?
The net profit margin of Charoen Pokphand Indonesia TBK PT is about 9.2%, meaning it keeps roughly 9.2% of revenue as net income. Based on the latest reported figures.
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