PIKQF (PT Indah Kiat Pulp & Paper Tbk) Intrinsic Value: Projected FCF: $1.11 (As of Sep. 01, 2026)

Author: Vera Yuan Vera Yuan
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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.
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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.

PIKQF PT Indah Kiat Pulp & Paper Tbk PIKQF
96 GF Score
Price $0.53
GF Value $0.57
! 5 Warning Signs
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What is PT Indah Kiat Pulp & Paper Tbk Intrinsic Value: Projected FCF?

PT Indah Kiat Pulp & Paper Tbk PIKQF 96 Intrinsic Value: Projected FCF is $1.11 as of Sep. 01, 2026. GuruFocus rates PIKQF with a GF Score™ of 96/100 and a GF Value™ of $0.57. The stock has 5 warning signs investors should review. Among 213 Forest Products companies, PT Indah Kiat Pulp & Paper Tbk ranks better than 63.85% 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 (2026-09-01), PT Indah Kiat Pulp & Paper Tbk's Intrinsic Value: Projected FCF is $1.11. The stock price of PT Indah Kiat Pulp & Paper Tbk is $0.5305. Therefore, PT Indah Kiat Pulp & Paper Tbk's Price-to-Intrinsic-Value-Projected-FCF of today is 0.5.

The historical rank and industry rank for PT Indah Kiat Pulp & Paper Tbk's Intrinsic Value: Projected FCF or its related term are showing as below:

PIKQF' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.2   Med: 0.43   Max: 1.79
Current: 0.48

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of PT Indah Kiat Pulp & Paper Tbk was 1.79. The lowest was 0.20. And the median was 0.43.

PIKQF's Price-to-Projected-FCF is ranked better than
63.85% of 213 companies
in the Forest Products industry
Industry Median: 0.62 vs PIKQF: 0.48

PT Indah Kiat Pulp & Paper Tbk  (OTCPK:PIKQF) 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.

PT Indah Kiat Pulp & Paper Tbk's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=0.5305/1.0497817144128
=0.51

* 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.


PT Indah Kiat Pulp & Paper Tbk Intrinsic Value: Projected FCF Related Terms


PT Indah Kiat Pulp & Paper Tbk Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for PT Indah Kiat Pulp & Paper Tbk'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.

PT Indah Kiat Pulp & Paper Tbk Intrinsic Value: Projected FCF Chart

PT Indah Kiat Pulp & Paper Tbk 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 2.75 1.32 1.66 1.30 0.78

PT Indah Kiat Pulp & Paper Tbk 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 1.14 0.91 0.78 0.94 1.39

PT Indah Kiat Pulp & Paper Tbk Intrinsic Value: Projected FCF Competitor Comparison

For the Paper & Paper Products subindustry, PT Indah Kiat Pulp & Paper Tbk'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.


PT Indah Kiat Pulp & Paper Tbk Price-to-Projected-FCF vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, PT Indah Kiat Pulp & Paper Tbk's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where PT Indah Kiat Pulp & Paper Tbk's Price-to-Projected-FCF falls into.


PIKQF
96GF Score
PT Indah Kiat Pulp & Paper Tbk PIKQF
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Indah Kiat Pulp & Paper Tbk 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 PT Indah Kiat Pulp & Paper Tbk's Free Cash Flow(6 year avg) = $-1.09.

PT Indah Kiat Pulp & Paper Tbk'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*-1.09312+7192.181*0.8)/5470.983
=1.05

* 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 $1.11 mean?
PT Indah Kiat Pulp & Paper Tbk (PIKQF) has a Intrinsic Value: Projected FCF of $1.11 as of Sep. 01, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on PT Indah Kiat Pulp & Paper Tbk and its competitors. According to the industry distribution chart, PT Indah Kiat Pulp & Paper Tbk ranks #77 out of 213 companies in the Forest Products industry, placing it in the top 36.2%.
Is PT Indah Kiat Pulp & Paper Tbk's Intrinsic Value: Projected FCF too high?
PT Indah Kiat Pulp & Paper Tbk's current Intrinsic Value: Projected FCF is $1.11. The Forest Products industry median Intrinsic Value: Projected FCF is 0.62. PT Indah Kiat Pulp & Paper Tbk's value of $1.11 is 79% above this industry median. Based on the distribution chart, PT Indah Kiat Pulp & Paper Tbk ranks #77 out of 213 companies in the Forest Products industry, which is above the industry midpoint. Overall, PT Indah Kiat Pulp & Paper Tbk has a GF Score™ of 96/100, reflecting its overall financial health beyond just this single metric.
How does PT Indah Kiat Pulp & Paper Tbk's Intrinsic Value: Projected FCF compare to competitors?
According to the Forest Products industry distribution chart, PT Indah Kiat Pulp & Paper Tbk ranks #77 out of 213 companies for Intrinsic Value: Projected FCF. This puts PT Indah Kiat Pulp & Paper Tbk in the upper half of its industry. The industry median Intrinsic Value: Projected FCF is 0.62. PT Indah Kiat Pulp & Paper Tbk's value of $1.11 is 79% 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 Forest Products company?
The median Intrinsic Value: Projected FCF among Forest Products companies is 0.62, based on 213 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. PT Indah Kiat Pulp & Paper Tbk's current Intrinsic Value: Projected FCF of $1.11 is 79% 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 PT Indah Kiat Pulp & Paper Tbk and its competitors. For the Forest Products industry, the median Intrinsic Value: Projected FCF is 0.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Indah Kiat Pulp & Paper Tbk's current Intrinsic Value: Projected FCF is $1.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Indah Kiat Pulp & Paper Tbk stock overvalued right now?
PT Indah Kiat Pulp & Paper Tbk (PIKQF) has a current Intrinsic Value: Projected FCF of $1.11. The stock's GF Value™ is $0.57, compared to a current price of $0.53 — trading 6.9% below its estimated fair value. The current Intrinsic Value: Projected FCF is $1.11 and 79% above the Forest Products industry median of 0.62. PT Indah Kiat Pulp & Paper Tbk's overall GF Score™ is 96/100 with 5 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 PT Indah Kiat Pulp & Paper Tbk (PIKQF), the current Intrinsic Value: Projected FCF is $1.11 as of Sep. 01, 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 PT Indah Kiat Pulp & Paper Tbk (PIKQF) Overvalued in 2026?

Based on GuruFocus' analysis, PT Indah Kiat Pulp & Paper Tbk stock appears to be undervalued. The current stock price of $0.53 is trading 6.9% below its estimated GF Value™ of $0.57.

Key valuation signals for PIKQF:

  • Intrinsic Value: Projected FCF: $1.11
  • GF Value™: $0.57 vs. price of $0.53 (6.9% below fair value)
  • GF Score™: 96/100 with 5 warning signs
  • Industry Position: 79% above the Forest Products median (#77 of 213)

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


PT Indah Kiat Pulp & Paper Tbk Business Description

Other Exchanges INKP:IndonesiaIKP:Germany
Address Jalan M.H. Thamrin No. 51, Tower 2, 9th Floor, Building Sinar Mas Land Plaza, Jakarta, IDN, 10350
PT Indah Kiat Pulp & Paper Tbk manufactures paper, pulp, and packaging paper. The company's operating segments are: cultural paper and pulp, which derives maximum revenue; and industrial paper and tissue products. Its cultural paper and pulp products segment consists of cultural paper and other related cultural paper products and pulp. The industrial paper and tissue products segment consists of linerboard, corrugating medium, corrugated shipping containers, and boxboard. Geographically, the company generates maximum revenue from Indonesia, and the rest from Asia, Europe, America, the Middle East, Africa, and Australia.
96GF Score

Get the complete analysis for PIKQF

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

$0.53
Price
$0.57
GF Value