INDOY (Indorama Ventures PCL) Intrinsic Value: Projected FCF: $17.56 (As of Sep. 07, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

INDOY Indorama Ventures PCL INDOY
73 GF Score
Price $6.69
GF Value $6.53
Valuation Fairly Valued
! 12 Warning Signs
View Full Analysis

What is Indorama Ventures PCL Intrinsic Value: Projected FCF?

Indorama Ventures PCL INDOY +2.14% 73 Intrinsic Value: Projected FCF is $17.56 as of Sep. 07, 2026. GuruFocus rates INDOY with a GF Score™ of 73/100 and a GF Value™ of $6.53 (Fairly Valued). The stock has 12 warning signs investors should review. Among 1,156 Chemicals companies, Indorama Ventures PCL ranks better than 92.21% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-09-07), Indorama Ventures PCL's Intrinsic Value: Projected FCF is $17.56. The stock price of Indorama Ventures PCL is $6.69. Therefore, Indorama Ventures PCL's Price-to-Intrinsic-Value-Projected-FCF of today is 0.4.

The historical rank and industry rank for Indorama Ventures PCL's Intrinsic Value: Projected FCF or its related term are showing as below:

INDOY' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.25   Med: 0.62   Max: 2.15
Current: 0.38

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Indorama Ventures PCL was 2.15. The lowest was 0.25. And the median was 0.62.

INDOY's Price-to-Projected-FCF is ranked better than
92.21% of 1156 companies
in the Chemicals industry
Industry Median: 1.37 vs INDOY: 0.38

Indorama Ventures PCL  (OTCPK:INDOY) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Indorama Ventures PCL's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=6.69/20.071587017089
=0.33

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Indorama Ventures PCL Intrinsic Value: Projected FCF Related Terms


Indorama Ventures PCL Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Indorama Ventures PCL's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Indorama Ventures PCL Intrinsic Value: Projected FCF Chart

Indorama Ventures PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.01 21.66 22.24 19.81 19.71

Indorama Ventures PCL Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.61 20.05 19.71 17.44 21.39

INDOY vs DOW: Intrinsic Value: Projected FCF Comparison

For the Chemicals subindustry, Indorama Ventures PCL's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Indorama Ventures PCL Price-to-Projected-FCF vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Indorama Ventures PCL's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Indorama Ventures PCL's Price-to-Projected-FCF falls into.


INDOY
73GF Score
Indorama Ventures PCL INDOY
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Indorama Ventures PCL Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Indorama Ventures PCL's Free Cash Flow(6 year avg) = $845.62.

Indorama Ventures PCL's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Jun26)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*845.62256+4023.336*0.8)/561.455
=20.07

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Intrinsic Value: Projected FCF of $17.56 mean?
Indorama Ventures PCL (INDOY) has a Intrinsic Value: Projected FCF of $17.56 as of Sep. 07, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Indorama Ventures PCL and its competitors. According to the industry distribution chart, Indorama Ventures PCL ranks #90 out of 1156 companies in the Chemicals industry, placing it in the top 7.8%.
Is Indorama Ventures PCL's Intrinsic Value: Projected FCF too high?
Indorama Ventures PCL's current Intrinsic Value: Projected FCF is $17.56. The Chemicals industry median Intrinsic Value: Projected FCF is 1.37. Indorama Ventures PCL's value of $17.56 is 1181.8% above this industry median. Based on the distribution chart, Indorama Ventures PCL ranks #90 out of 1156 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Indorama Ventures PCL has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Indorama Ventures PCL's Intrinsic Value: Projected FCF compare to DOW?
According to the Chemicals industry distribution chart, Indorama Ventures PCL ranks #90 out of 1156 companies for Intrinsic Value: Projected FCF. This places Indorama Ventures PCL in the top 8% of its industry — outperforming the majority of peers. The industry median Intrinsic Value: Projected FCF is 1.37. Indorama Ventures PCL's value of $17.56 is 1181.8% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Chemicals company?
The median Intrinsic Value: Projected FCF among Chemicals companies is 1.37, based on 1,156 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Indorama Ventures PCL's current Intrinsic Value: Projected FCF of $17.56 is 1181.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Indorama Ventures PCL and its competitors. For the Chemicals industry, the median Intrinsic Value: Projected FCF is 1.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indorama Ventures PCL's current Intrinsic Value: Projected FCF is $17.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indorama Ventures PCL stock overvalued right now?
Based on GuruFocus' analysis, Indorama Ventures PCL (INDOY) is currently considered Fairly Valued. The stock's GF Value™ is $6.53, compared to a current price of $6.69 — trading 2.5% above its estimated fair value. The current Intrinsic Value: Projected FCF is $17.56 and 1181.8% above the Chemicals industry median of 1.37. Indorama Ventures PCL's overall GF Score™ is 73/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Indorama Ventures PCL (INDOY), the current Intrinsic Value: Projected FCF is $17.56 as of Sep. 07, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Indorama Ventures PCL (INDOY) Overvalued in 2026?

Based on GuruFocus' analysis, Indorama Ventures PCL stock appears to be overvalued. The current stock price of $6.69 is trading 2.5% above its estimated GF Value™ of $6.53. GuruFocus considers Indorama Ventures PCL to be Fairly Valued.

Key valuation signals for INDOY:

  • Intrinsic Value: Projected FCF: $17.56
  • GF Value™: $6.53 vs. price of $6.69 (2.5% above fair value)
  • GF Score™: 73/100 with 12 warning signs
  • Industry Position: 1181.8% above the Chemicals median (#90 of 1156)

No single metric tells the full story. See the INDOY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Indorama Ventures PCL Business Description

Other Exchanges IVL:ThailandI93:Germany
Address Asoke Road, Klongtoeynua, 37th Floor, Soi Sukhumvit 19, 75/102, Ocean Tower II, Wattana, Bangkok, THA, 10110
Indorama Ventures PCL is engaged in the manufacture and distribution of Polyethylene Terephthalate, Purified Terephthalic Acid, Paraxylene, recycling, Purified Isophthalic Acid, Naphthalene Dicarboxylate, PET preforms and packaging, Integrated EG, Integrated purified EO, PO/MTBE, Integrated Surfactants comprising EOA, LAB and others, Fibers including Polyester, Rayon, Nylon, Polypropylene, composites and worsted wool fibers products. The company operates in three reportable segments Combined PET, Integrated Oxides and Derivatives and Fibers. The maximum revenue is derived from the Combined PET segment.
73GF Score

Get the complete analysis for INDOY

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$6.69
Price
$6.53
GF Value