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PT Kalbe Farma Tbk. (KLBF.JK)

IDR725.00 +0.00 (+0.00%)
ID JKT Healthcare Drug Manufacturers - General
Address Gedung KALBE 10510
Jakarta, ID
CEO Bernadette Ruth Irawati Setiady
IPO 2003-12-15
ISIN ID1000125107

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Also trades on Indonesia Stock Exchange · KLBF.JK (IDR) Other OTC · PTKFF (USD) Other OTC · PTKFY (USD)
Description

PT Kalbe Farma Tbk., an Indonesian pharmaceutical leader, along with its subsidiaries, focuses on the development, manufacturing, and commercialization of pharmaceutical products across Indonesia. Its operations are structured into four primary divisions: Prescription Pharmaceuticals, Consumer Health, Nutritionals, and Distribution & Logistics. The company's diverse portfolio encompasses generic, branded, and licensed medications, including well-known names like Brainact, Cefspan, and Mycoral, which are supplied to hospitals, pharmacies, and various drugstores. Beyond prescription drugs, it offers non-prescription medicines, a range of energy and ready-to-drink beverages, dietary supplements, and other preventive health solutions. Kalbe Farma also produces specialized nutritional products tailored for all demographics, from infants to seniors, including expectant mothers and individuals with specific medical dietary needs. The firm extends contract services to other pharmaceutical companies, covering clinical study management, bioavailability/bioequivalence assessments, and analytical testing. Additionally, it provides animal health products and operates its own healthcare facilities, the Mitrasana Clinics. Its broad scope of activities further includes health screening, acting as an agent for biotechnology products, and the distribution of consumer items, medical devices, and cosmetics. The company also trades in medical and laboratory equipment and supplies, raw materials for pharmaceuticals, and consumables for hemodialysis therapy, in addition to offering advertising services. Founded in 1966, PT Kalbe Farma Tbk. is headquartered in Jakarta, Indonesia.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
IDR725.00 +0.00 (+0.00%)
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Volume Profile
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Liquidity & share structure
Average Volume
75M
Beta
-0.04
Float Shares
18.03B
Free Float %
39.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.57% -2.26% -12.18% -21.36% -31.62% -28.22% -41.55% -59.00% -40.75% -34.22% +981.25%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
725.00
DCF (Unlevered) 2,323.69 +220.5%
DCF (Levered) 2,837.33 +291.4%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 94% Bullish
Rating 2026-05 Change
Strong Buy 3 0
Buy 12 0
Hold 1 -1
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
7.15
Safe zone
Piotroski F-Score
6 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
A+
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
4 / 5
High
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Drug Manufacturers - General: +6.6%
    +8.3% Q1'26: +9.4% (vs Q1'25)
  • EPS growth Drug Manufacturers - General: +18.2%
    +14.8% Q1'26: -3.5% (vs Q1'25)
  • FCF margin FCF growth · Drug Manufacturers - General: +36.0%
    +10.6% Q1'26: +1.3% (vs Q1'25)
  • EBIT margin Drug Manufacturers - General: +19.4%
    +13.6% Q1'26: +13.5% (vs Q1'25)
  • ROIC Drug Manufacturers - General: +10.2%
    +18.4% Q1'26: +19.0% (vs Q1'25)
  • Share dilution Drug Manufacturers - General: +0.0%
    -1.4% Q1'26: -0.9% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Drug Manufacturers - General: -0.29×
    0.06× Q1'26: 0.05× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.01) × ERP
WACC = 99% × Ke + 1% × Kd (11.9%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 2,286.14 Current price: 725.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
6 Rev. Ana.
10 EPS Ana.
Dec 2027
14 Rev. Ana.
13 EPS Ana.
Dec 2028
7 Rev. Ana.
5 EPS Ana.
Revenue
17.89T
est: 17.90T (-0.1%)
19.37T
est: 19.58T (-1.1%)
20.18T
est: 20.49T (-1.5%)
21.07T
est: 21.13T (-0.3%)
22.63T
est: 22.65T (-0.1%)
23.11T
est: 23.50T (-1.6%)
26.26T
est: 25.88T (+1.5%)
28.93T
est: 29.00T (-0.2%)
30.45T
est: 31.60T (-3.6%)
32.63T
est: 32.66T (-0.1%)
35.32T
est: 35.10T (+0.7%)
38.04T
37.84T – 38.21T
+8.4% YoY
40.95T
38.48T – 42.69T
+7.6% YoY
44.01T
43.78T – 44.24T
+7.5% YoY
EBITDA
2.95T
est: 3.02T (-2.2%)
3.56T
est: 3.30T (+7.9%)
3.73T
est: 3.45T (+7.9%)
3.80T
est: 3.56T (+6.7%)
3.95T
est: 3.82T (+3.6%)
4.35T
est: 3.96T (+10.0%)
4.87T
est: 4.36T (+11.8%)
5.25T
est: 4.89T (+7.4%)
4.43T
est: 5.06T (-12.4%)
4.61T
est: 5.23T (-11.8%)
5.18T
est: 5.62T (-7.8%)
6.09T
6.06T – 6.12T
+8.4% YoY
6.56T
6.16T – 6.83T
+7.6% YoY
7.05T
7.01T – 7.08T
+7.5% YoY
EBIT
2.73T
est: 2.61T (+4.6%)
3.12T
est: 2.86T (+9.2%)
3.28T
est: 2.99T (+9.6%)
3.34T
est: 3.08T (+8.2%)
3.44T
est: 3.30T (+4.2%)
3.72T
est: 3.43T (+8.4%)
4.20T
est: 3.77T (+11.3%)
4.51T
est: 4.23T (+6.7%)
3.69T
est: 4.45T (-17.2%)
4.28T
est: 4.60T (-7.1%)
4.81T
est: 4.95T (-2.7%)
5.36T
5.33T – 5.39T
+8.4% YoY
5.77T
5.42T – 6.02T
+7.6% YoY
6.20T
6.17T – 6.24T
+7.5% YoY
Net Income
2.00T
est: 1.98T (+1.2%)
2.30T
est: 2.26T (+1.8%)
2.40T
est: 2.39T (+0.5%)
2.46T
est: 2.42T (+1.5%)
2.51T
est: 2.53T (-1.0%)
2.73T
est: 2.66T (+2.6%)
3.18T
est: 2.99T (+6.6%)
3.38T
est: 3.27T (+3.3%)
2.77T
est: 3.04T (-9.1%)
3.24T
est: 3.08T (+5.1%)
3.66T
est: 3.44T (+6.7%)
3.48T
3.21T – 3.75T
+1.3% YoY
3.82T
3.37T – 4.26T
+9.6% YoY
4.06T
3.62T – 4.51T
+6.5% YoY
SGA
3.12T
est: 2.59T (+20.5%)
3.53T
est: 2.84T (+24.5%)
3.51T
est: 2.97T (+18.1%)
3.46T
est: 3.06T (+13.1%)
3.60T
est: 3.28T (+9.8%)
3.35T
est: 3.40T (-1.6%)
3.86T
est: 3.75T (+3.0%)
4.05T
est: 4.20T (-3.5%)
4.45T
est: 4.63T (-4.0%)
4.76T
est: 4.79T (-0.6%)
5.45T
est: 5.15T (+5.8%)
5.58T
5.55T – 5.60T
+8.4% YoY
6.01T
5.64T – 6.26T
+7.6% YoY
6.45T
6.42T – 6.49T
+7.5% YoY
EPS
42.76
est: 42.87 (-0.3%)
49.06
est: 48.91 (+0.3%)
51.28
est: 51.78 (-1.0%)
52.42
est: 52.39 (+0.1%)
53.48
est: 54.83 (-2.5%)
58.31
est: 57.66 (+1.1%)
67.92
est: 64.69 (+5.0%)
72.71
est: 73.16 (-0.6%)
59.81
est: 65.89 (-9.2%)
70.16
est: 68.18 (+2.9%)
80.51
est: 75.93 (+6.0%)
79.13
70.50 – 82.43
+4.2% YoY
86.14
74.09 – 93.55
+8.9% YoY
90.29
79.57 – 99.01
+4.8% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 A+ 4/5 5/5 4/5 5/5 4/5 3/5 3/5
2026-05-08 A 4/5 5/5 4/5 5/5 3/5 3/5 3/5
2026-05-07 A 4/5 5/5 4/5 5/5 3/5 3/5 3/5
2026-05-06 A 4/5 5/5 4/5 5/5 3/5 3/5 3/5
2026-05-05 A 4/5 5/5 4/5 5/5 3/5 3/5 3/5
2026-05-04 A 4/5 5/5 4/5 5/5 3/5 3/5 3/5
2026-04-30 A 4/5 5/5 4/5 5/5 3/5 3/5 3/5
2026-04-29 A 4/5 5/5 4/5 5/5 3/5 3/5 3/5
2026-04-28 A 4/5 5/5 4/5 5/5 3/5 3/5 3/5
2026-04-27 A 4/5 5/5 4/5 5/5 3/5 3/5 3/5
2026-04-24 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-04-23 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-04-22 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-04-21 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-04-20 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-04-17 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-04-16 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-04-15 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
3.35T
OE per share TTM
73.79
Owner's Yield
8.32%
Maintenance CapEx ratio
8.75%
Maint CapEx / Avg PPE
29.6%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
374.87M
Shares Outstanding
45.29B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Bernadette Ruth Irawati Setiady President Director female
Maria Teresa Fabiola Corporate Secretary
Rustam Tan Head of Internal Audit Unit male
Sie Djohan Director of Corporate Business Development, Management System & Regulatory Affairs and Director male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits