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PT Adaro Andalan Indonesia Tbk (AADI) Fair Value & Analysis

Energy · ID · Market cap 65.6T IDR

PA PT Adaro Andalan Indonesia Tbk AADI · JK
Price9,175 IDR
Fair Value15,951 IDR
Upside+73.9%
Quality66/100
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Mixed Growth
Solidly profitable · 14.8% net margin
Low debt · generates free cash flow
Mixed vs. peers (8/14)
Moderate moat 54/100
Evidence: Medium Range 11,963 IDR – 24,470 IDR Share as image

Fair value as of: Jul 15, 2026

From 20 valuation models · updated 26 days ago

Fair value updated Jul 15, 2026, revised from 15,785 IDR to 15,951 IDR (+1.1%) since Jun 25, 2026. Share price +12.2% over the past month.

A solid business, screening 74% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (11,963 IDR). The market is more pessimistic than our downside scenario.
  • Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (11,963 IDR to 24,470 IDR) leaves room in how you read the outcome.
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Price vs Fair Value (20 months)

11,001 IDR 5,085 IDR Fair Value 15,951 IDR Dec 2024 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

20‑month range 5,085 IDR – 11,001 IDR · fair‑value band 11,963 IDR – 24,470 IDR · the 9,175 IDR price screens below the 15,951 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

PT Adaro Andalan Indonesia Tbk (AADI) currently trades at 9,175 IDR, while our model-based Fair Value estimate is 15,951 IDR, implying the stock looks roughly 73.9% undervalued today. The Quality Score stands at 66/100 (solid quality), in the Energy sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, PT Adaro Andalan Indonesia Tbk generated revenue of 4.9B IDR at a net margin of 15.5%. Revenue grew 2.5% year over year. It earns a return on equity of 24.2%. The stock trades on a trailing P/E of 4.6. Fundamentals as of Jul 15, 2026

Our scenario range runs from 11,963 IDR (bear case) to 24,470 IDR (bull case); at 9,175 IDR, the current price sits below 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 22% below its 52-week high and 47% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -12% fair-value upside, at 74%, AADI screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 13,776 IDR 19,032 IDR 28,458 IDR 80
Residual Income 11,963 IDR 15,951 IDR 77,217 IDR 76
Rev-Margin DCF 10,694 IDR 15,226 IDR 21,026 IDR 74
All 20 models by family
DCF Models
FCF DCF 13,051 IDR 18,489 IDR 28,820 IDR 38
5Y Revenue Exit 10,694 IDR 15,045 IDR 21,389 IDR 39
5Y P/E Exit 15,045 IDR 22,658 IDR 31,902 IDR 38
10Y Revenue Exit 11,238 IDR 14,682 IDR 18,307 IDR 36
10Y P/E Exit 14,320 IDR 19,576 IDR 24,470 IDR 35
Earnings-Based
Graham-Dodd 11,963 IDR 14,682 IDR 16,495 IDR 54
EPV 19,576 IDR 23,020 IDR 25,920 IDR 59
Dividend Discount
Gordon GGM 5,619 IDR 6,163 IDR 7,069 IDR 70
DDM Multi-Stage 5,619 IDR 7,069 IDR 9,426 IDR 61
Multiples
P/E Multiple 18,670 IDR 24,833 IDR 30,995 IDR 63
P/S Multiple 10,332 IDR 13,776 IDR 17,220 IDR 58
P/B Multiple 10,513 IDR 13,957 IDR 17,401 IDR 55
EV/EBIT 18,489 IDR 24,651 IDR 30,633 IDR 53
EV/Revenue 9,969 IDR 14,138 IDR 18,126 IDR 43
Asset-Based
NCAV (Graham) 3,806 IDR 5,257 IDR 7,794 IDR 50
Growth DCF
Growth DCF 13,776 IDR 19,032 IDR 28,458 IDR 80
Rev-Margin DCF 10,694 IDR 15,226 IDR 21,026 IDR 74
Economic Profit
Residual Income 11,963 IDR 15,951 IDR 77,217 IDR 76
ROIC Compounder 19,576 IDR 23,745 IDR 28,095 IDR 72
Growth Earnings
Growth-Adj P/E 13,413 IDR 19,032 IDR 24,833 IDR 68

Widest divergence: Growth Earnings (19,032 IDR) versus Asset-Based (5,257 IDR). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 4.9B IDR
Revenue growth (YoY) +2.5%
Net margin 15.5%
Return on equity 24.2%
Free cash flow 535M IDR FY2025
P/E ratio 4.6
More key figures
Operating margin 19.0%
EPS (TTM) 1,638 IDR
EPS growth (YoY) +18.3%

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 65 · Market factors (momentum, volatility) 56

Profitability 65
Margins and returns on capital today
Quality Growth 17
Are margins and returns improving?
Cashflow 51
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 92
Disciplined investing over empire-building
Low Volatility 38
Calm price path (market factor)
Momentum 57
Price trend over the last 3–12 months (market factor)
52W Momentum 75
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.

About the company

PT Adaro Andalan Indonesia Tbk engages in the coal mining activities. The company is also involved in the logistics business which includes coal barging and transshipment, fuel oil transportation and management, river channel management and dredging, multipurpose terminal and stockpile management, stevedoring, and shipyard operations.

Full company description

PT Adaro Andalan Indonesia Tbk engages in the coal mining activities. The company is also involved in the logistics business which includes coal barging and transshipment, fuel oil transportation and management, river channel management and dredging, multipurpose terminal and stockpile management, stevedoring, and shipyard operations. In addition, it engages in construction, operation, and maintenance of drinking water supply system; mine water pumping and processing services; water treatment; water solution services; and lease of powerplant and supporting activities. Further, the company is involved in forestry business; port; manufacture, repair, and maintenance of sea transportation; trading, handling, and barging of coal; sea transportation; and investment activities, as well as provision of terminal handling and mining support services. PT Adaro Andalan Indonesia Tbk was founded in 2004 and is headquartered in Jakarta, Indonesia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Adaro Andalan Indonesia Tbk reported revenue of 4.9B IDR in FY2025 versus 3.9B IDR in FY2021, a compound +6.2%/yr. Reported net income was 760M IDR in FY2025, compounding −2.2%/yr from FY2021.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
4.9B IDR
Latest YoY
−7.7%
Avg. growth/yr (3Y)
−14.0%
Revenue +6.2%/yr
FY21 3.9B IDR
FY22 7.7B IDR
FY23 5.9B IDR
FY24 5.3B IDR
FY25 4.9B IDR
Net income −2.2%/yr
FY21 829M IDR
FY22 2.1B IDR
FY23 1.1B IDR
FY24 1.2B IDR
FY25 760M IDR

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Cite: Fair Value Calculator (2026). "PT Adaro Andalan Indonesia Tbk Fair Value". https://www.fairvalue-calculator.com/stock/AADI

Peer Group

Thermal Coal · 101 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 66 · Top 25%
Fair Value upside +74% · Top 25%
Return on equity (TTM) 21% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 15% · Top 25%
Operating margin (TTM) 20% · Top 25%
Revenue growth -10% · Below median
Dividend yield (TTM) 0.0% · Below median
Debt / equity 0.23× · Higher than median

Valuation Multiples vs Thermal Coal median · lower = cheaper

P/E (TTM) 5.2× · Cheaper than 75% of peers
P/B 1.97× · Pricier than median
P/S (TTM) 1.37× · Pricier than median
P/FCF 12.3× · Pricier than 75% of peers
EV/EBITDA 6.0× · Cheaper than median

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.

VALUE 100 · sector 27
FUTURE 0 · sector 0
PAST 86 · sector 21
HEALTH 89 · sector 92
DIVIDEND 0 · sector 31

Values & ESG

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

Coal Oil & gas

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Thermal Coal stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

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Frequently asked questions

Is PT Adaro Andalan Indonesia Tbk (AADI) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of 15,951 IDR versus a price of 9,175 IDR, about +74% (undervalued).
What is the fair value of AADI?
Our model-based fair value for PT Adaro Andalan Indonesia Tbk is 15,951 IDR (as of Jul 15, 2026), built from audited fundamentals. The current price is 9,175 IDR.
What is the quality score of AADI?
PT Adaro Andalan Indonesia Tbk has a Quality Score of 66/100. 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 PT Adaro Andalan Indonesia Tbk (AADI)?
PT Adaro Andalan Indonesia Tbk reported trailing-twelve-month revenue of about 4.9B IDR (latest available figure, as of Jul 15, 2026).
What is the net profit margin of AADI?
The net profit margin of PT Adaro Andalan Indonesia Tbk is about 15.5%, meaning it keeps roughly 15.5% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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