Acset Indonusa Tbk (ACST) fair value: what the stock is really worth
We calculate from audited financials what Acset Indonusa Tbk is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
Valuation from Sep 13, 2026. With the latest figures (losses, negative cash flow), a fair value can no longer be calculated.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range 64.00 IDR – 300.00 IDR · fair‑value band 85.40 IDR – 253.99 IDR · the 99.00 IDR price screens below the 168.97 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 13, 2026.
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PT Acset Indonusa Tbk provides construction and related support services in Indonesia. It operates through three segments: Construction, Construction Support Services, and Trading.
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PT Acset Indonusa Tbk provides construction and related support services in Indonesia. It operates through three segments: Construction, Construction Support Services, and Trading. The company builds office blocks, mall and shopping area, hotel and high-rise residential, industrial building, and other projects, as well as silos, power plants, and toll-roads. It undertakes demolition, foundation, building and civil construction, and infrastructure projects, as well as mechanical, electrical, and plumbing works. In addition, the company involved in the wholesale of heavy equipment; and provision of construction support services. PT Acset Indonusa Tbk was incorporated in 1995 and is headquartered in Jakarta, Indonesia. PT Acset Indonusa Tbk is a subsidiary of PT Karya Supra Perkasa.
Stock analysis
Acset Indonusa Tbk (ACST) currently trades at 99.00 IDR, while our model-based Fair Value estimate is 168.97 IDR, implying the stock looks roughly 41.4% undervalued today.
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Valuation
How firm this estimate is: it rests on 4 models at a data quality of 95/100, which puts the evidence level at low.
Scenario range: 85.40 IDR (bear) to 253.99 IDR (bull), the price of 99.00 IDR sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 34/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Acset Indonusa Tbk reported revenue of 2.4T IDR in FY2025 versus 1.5T IDR in FY2021, a compound +12.2%/yr. Reported net income was −695B IDR in FY2025.
Key figures
Market cap 1.6T IDR (≈ $86.6M) · P/S ratio 0.73 · EPS (TTM) −58.00 IDR · Net margin −29.3% · Return on equity −188% · Return on assets (EBIT) −15.0% · Operating margin −15.6% · Revenue (TTM) 2.0T IDR.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (low confidence).
What moves the price
The share trades about 47% below its 52-week high and 41% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −34% fair-value upside, at 71%, ACST screens cheaper than that median.
Fair Value models
Bear 85.40 IDRFair Value 168.97 IDRBull 253.99 IDR
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−25.3%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+31.7%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+14.5%
Start year 2020 (pandemic). Over 10 years: +5.7% a year
Revenue growth 15 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+14.7%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−95.5% (2020) → −1.5% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Engineering & Construction · 834 stocks
Beats the industry median on 1/6 measures
Overall it trails its industry peers.
Valuation
Quality Score34 · Bottom 25%
Fair Value upside+70.7% · Top 25%
Profitability
Return on equity (TTM)Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets−15.4% · Bottom 25%
Net margin (TTM)−45.8% · Bottom 25%
Operating margin (TTM)−15.6% · Bottom 25%
Growth and dividend
Revenue growth−15.4% · Bottom 25%
Balance sheet
Debt / equityNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/BNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)100· sector 29
FUTURE (revenue growth)0· sector 12
PAST (return on equity)0· sector 28
HEALTH (low debt)0· sector 94
DIVIDEND (yield)0· sector 41
PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.
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Is Acset Indonusa Tbk (ACST) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 168.97 IDR versus a price of 99.00 IDR, about +71% upside (undervalued).
What is the fair value of ACST?
Our model-based fair value for Acset Indonusa Tbk is 168.97 IDR (as of Sep 13, 2026), built from audited fundamentals. The current price: 99.00 IDR.
What is the quality score of ACST?
Acset Indonusa Tbk has a Quality Score of 34/100. 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 price target for Acset Indonusa Tbk (ACST)?
Our model-based price target is the fair value of 168.97 IDR (as of Sep 13, 2026) from 1 valuation models. Cautious scenario 85.40 IDR, optimistic scenario 253.99 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Acset Indonusa Tbk stock forecast for 2026?
Our models put fair value at 168.97 IDR, about +71% upside versus a price of 99.00 IDR (undervalued). Cautious scenario 85.40 IDR, optimistic scenario 253.99 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Acset Indonusa Tbk (ACST)?
Acset Indonusa Tbk reported trailing-twelve-month revenue of about 2.0T IDR (latest available figure, as of Sep 13, 2026).
What is the intrinsic value of Acset Indonusa Tbk (ACST)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Acset Indonusa Tbk it is 168.97 IDR per share (as of Sep 13, 2026), against a price of 99.00 IDR. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Acset Indonusa Tbk stock overvalued or undervalued in 2026?
As of Sep 13, 2026, ACST trades below its calculated fair value: price 99.00 IDR, fair value 168.97 IDR, a gap of about +71% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ACST?
No. The price is what the market pays today (99.00 IDR); the fair value is what the company's own numbers justify (168.97 IDR). For Acset Indonusa Tbk the two are 69.97 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Acset Indonusa Tbk worth?
The market values Acset Indonusa Tbk at about 1.6T IDR (market capitalisation, as of Sep 13, 2026). Per share that is 99.00 IDR; our models calculate a fair value of 168.97 IDR per share.
What do the bullish and bearish scenarios say about ACST?
Our models span a range for Acset Indonusa Tbk: cautious scenario 85.40 IDR, base 168.97 IDR, optimistic 253.99 IDR per share (as of Sep 13, 2026, price 99.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Acset Indonusa Tbk (ACST)?
Balance-sheet figures for Acset Indonusa Tbk (as of Sep 13, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 34/100, which measures business quality independently of the share price.
How far is ACST from its 52-week high?
Acset Indonusa Tbk trades at 99.00 IDR, about 47% below its 52-week high of 187.00 IDR and 41% above the low of 70.00 IDR (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of 168.97 IDR is for.
Which stocks are comparable to Acset Indonusa Tbk?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Acset Indonusa Tbk stock attractive at the current price?
The data as of Sep 13, 2026: price 99.00 IDR, calculated fair value 168.97 IDR (+71%), Quality Score 34/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ACST calculated?
We run Acset Indonusa Tbk through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 168.97 IDR, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 16.1 % above its aggregate fair value. Acset Indonusa Tbk currently trades 71 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Acset Indonusa Tbk (ACST)?
The closing price on Sep 25, 2026 was 99.00 IDR. Our model-based fair value is 168.97 IDR, about +71% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Acset Indonusa Tbk right now?
The large discount to fair value meets weak quality (34/100). That raises the risk this is a value trap rather than a bargain. The model range is unusually wide (85.40 IDR to 253.99 IDR). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Acset Indonusa Tbk
How large is the market capitalisation of Acset Indonusa Tbk (ACST)?
The market capitalisation of Acset Indonusa Tbk is 1.6T IDR (≈ $86.6M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Acset Indonusa Tbk (ACST)?
The price-to-sales ratio of Acset Indonusa Tbk is 0.73 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Acset Indonusa Tbk (ACST)?
Earnings per share at Acset Indonusa Tbk are −58.00 IDR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Acset Indonusa Tbk (ACST)?
The net margin of Acset Indonusa Tbk is −29.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Acset Indonusa Tbk (ACST)?
The return on equity (ROE) of Acset Indonusa Tbk is −188% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Acset Indonusa Tbk (ACST)?
On an EBIT basis the return on assets of Acset Indonusa Tbk is −15.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Acset Indonusa Tbk (ACST)?
The operating margin of Acset Indonusa Tbk is −15.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Acset Indonusa Tbk (ACST)?
Revenue at Acset Indonusa Tbk is growing −15.4% versus a year earlier (3y avg +31.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Acset Indonusa Tbk (ACST) generate?
The free cash flow of Acset Indonusa Tbk is −1.6T IDR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Acset Indonusa Tbk (ACST) carry?
The net debt of Acset Indonusa Tbk is 1.4T IDR (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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