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PT Akasha Wira International Tbk (ADES) Fair Value & Analysis

Consumer Defensive · ID · Market cap 20.2T IDR

PA PT Akasha Wira International Tbk ADES · JK
Price35,000 IDR
Fair Value22,293 IDR
Upside-36.3%
Quality66/100
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Expensive Growth
Highly profitable · 27.5% net margin
Low debt · generates free cash flow
Ranks above peers (8/13)
Wide moat 90/100
Evidence: High Range 14,366 IDR – 41,367 IDR Share as image

Fair value as of: Jul 20, 2026

From 26 valuation models · updated 21 days ago

A solid business, but screening 36% overvalued on our models.

What matters now

  • The model range is unusually wide (14,366 IDR to 41,367 IDR). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

38,850 IDR 1,640 IDR Fair Value 22,293 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

60‑month range 1,640 IDR – 38,850 IDR · fair‑value band 14,366 IDR – 41,367 IDR · the 35,000 IDR price screens above the 22,293 IDR fair value. Dashed = 300-day average. As of Jul 20, 2026.

Full chart & analysis →

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Analysis

PT Akasha Wira International Tbk (ADES) currently trades at 35,000 IDR, while our model-based Fair Value estimate is 22,293 IDR, implying the stock looks roughly 36.3% overvalued today. The Quality Score stands at 66/100 (solid quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, PT Akasha Wira International Tbk generated revenue of 3.1T IDR at a net margin of 27.5%. Revenue grew 65.6% year over year. It earns a return on equity of 30.1%. The balance sheet holds a net cash position of 936B IDR. Fundamentals as of Jul 20, 2026

Our scenario range runs from 14,366 IDR (bear case) to 41,367 IDR (bull case); at 35,000 IDR, the current price sits within 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 near its 52-week high and 239% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -14% fair-value upside, at -36%, ADES screens richer 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 6,195 IDR 11,425 IDR 21,254 IDR 80
Residual Income 9,695 IDR 14,617 IDR 137,144 IDR 76
Rev-Margin DCF 6,548 IDR 11,313 IDR 18,180 IDR 74
All 26 models by family
DCF Models
FCF DCF 6,353 IDR 10,286 IDR 21,091 IDR 38
Owner Earnings 12,959 IDR 26,655 IDR 55,288 IDR 31
5Y Revenue Exit 6,548 IDR 11,377 IDR 18,958 IDR 39
5Y EBITDA Exit 13,762 IDR 27,519 IDR 47,839 IDR 41
5Y P/E Exit 16,744 IDR 34,893 IDR 57,914 IDR 38
10Y Revenue Exit 6,286 IDR 11,340 IDR 19,162 IDR 36
10Y EBITDA Exit 11,596 IDR 24,485 IDR 47,760 IDR 37
10Y P/E Exit 13,709 IDR 29,918 IDR 57,326 IDR 35
Earnings-Based
Graham-Dodd 8,549 IDR 54,306 IDR 75,896 IDR 54
Lynch FV 15,699 IDR 22,427 IDR 29,155 IDR 50
PEG = 1.0 15,699 IDR 22,427 IDR 29,155 IDR 46
EPV 13,008 IDR 15,024 IDR 16,815 IDR 59
Dividend Discount
Gordon GGM 2.09 IDR 4.57 IDR 7.69 IDR 70
DDM Multi-Stage 2.09 IDR 3.74 IDR 4.76 IDR 61
Multiples
P/E Multiple 19,800 IDR 26,400 IDR 33,000 IDR 63
P/S Multiple 5,547 IDR 7,396 IDR 9,246 IDR 58
P/B Multiple 16,028 IDR 21,371 IDR 26,714 IDR 55
EV/EBIT 20,377 IDR 26,640 IDR 32,904 IDR 53
EV/EBITDA 17,117 IDR 22,293 IDR 27,470 IDR 54
EV/Revenue 6,440 IDR 8,520 IDR 10,601 IDR 43
Asset-Based
NCAV (Graham) 2,543 IDR 3,408 IDR 5,087 IDR 50
Growth DCF
Growth DCF 6,195 IDR 11,425 IDR 21,254 IDR 80
Rev-Margin DCF 6,548 IDR 11,313 IDR 18,180 IDR 74
Economic Profit
Residual Income 9,695 IDR 14,617 IDR 137,144 IDR 76
ROIC Compounder 15,340 IDR 21,028 IDR 28,840 IDR 72
Growth Earnings
Growth-Adj P/E 22,275 IDR 31,821 IDR 41,367 IDR 68

Widest divergence: Growth Earnings (31,821 IDR) versus Dividend Discount (3.74 IDR). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 3.1T IDR
Revenue growth (YoY) +65.6%
Net margin 27.5%
Return on equity 30.1%
Free cash flow 178B IDR FY2025
P/E ratio 23.8
More key figures
Operating margin 32.1%
EPS (TTM) 1,443 IDR
EPS growth (YoY) +74.8%
Net cash 936B IDR FY2025

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 65 · Market factors (momentum, volatility) 89

Profitability 82
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 32
Earnings quality: real cash, not paper profit
Fin. Strength 98
Balance sheet, leverage, solvency risk
Investment 11
Disciplined investing over empire-building
Low Volatility 68
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 96
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 Akasha Wira International Tbk engages in the manufacture and distribution of bottled drinking water, cosmetics, beverages, and foods industry in Indonesia and internationally.

Full company description

PT Akasha Wira International Tbk engages in the manufacture and distribution of bottled drinking water, cosmetics, beverages, and foods industry in Indonesia and internationally. It provides bottled drinking water under the Nestle Pure Life and Vica brands; soy milk drink under the Pureal brand; and beauty care products, such as hair energy and hair recovery products under the Makarizo, Wella, and Clairol brands. The company was founded in 1985 and is based in Jakarta Selatan, Indonesia. PT Akasha Wira International Tbk operates as a subsidiary of Water Partners Bottling S.A.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Akasha Wira International Tbk reported revenue of 2.7T IDR in FY2025 versus 935B IDR in FY2021, a compound +30.7%/yr. Reported net income was 742B IDR in FY2025, compounding +29.2%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
2.7T IDR
Latest YoY
+39.4%
Avg. growth/yr (3Y)
+28.3%
Avg. growth/yr (5Y)
+32.3%
Avg. growth/yr (25Y)
+13.7%
Revenue +30.7%/yr
FY21 935B IDR
FY22 1.3T IDR
FY23 1.5T IDR
FY24 2.0T IDR
FY25 2.7T IDR
Net income +29.2%/yr
FY21 266B IDR
FY22 365B IDR
FY23 396B IDR
FY24 527B IDR
FY25 742B IDR

ADES screens 36% overvalued. Compare with The Coca-Cola Company →

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Cite: Fair Value Calculator (2026). "PT Akasha Wira International Tbk Fair Value". https://www.fairvalue-calculator.com/stock/ADES

Peer Group

Beverages - Non-Alcoholic · 91 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 · Above median
Fair Value upside −36% · Below median
Return on equity (TTM) 30% · Top 25%
Return on assets 18% · Top 25%
Net margin (TTM) 27% · Top 25%
Operating margin (TTM) 32% · Top 25%
Revenue growth 66% · Top 25%

Valuation Multiples vs Beverages - Non-Alcoholic median · lower = cheaper

P/E (TTM) 23.8× · Pricier than median
P/B 6.74× · Pricier than 75% of peers
P/S (TTM) 6.52× · Pricier than 75% of peers
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 17.8× · Pricier than 75% of peers

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 0 · sector 28
FUTURE 100 · sector 46
PAST 100 · sector 49
HEALTH 100 · sector 95
DIVIDEND 0 · sector 47

VALUE 0: the price sits above our fair-value range.

Values & ESG

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

Alcohol

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

Similar stocks

10 more Beverages - Non-Alcoholic stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
The Coca-Cola Company KO $87.05 $36.57 -58%
PepsiCo, Inc PEP $139.02 $106.91 -23%
Monster Beverage Corporation MNST $97.50 $35.82 -63%
Nongfu Spring Co 9633 HK$41.44 HK$30.72 -26%
Coca-Cola Europacific Partners PLC CCEP €92.10 €85.41 -7%
Keurig Dr Pepper Inc KDP $31.25 $30.99 -1%
Coca-Cola FEMSA, S.A. KOF $102.04 $106.45 +4%
Coca-Cola HBC AG EEE €57.90 €52.82 -9%
Varun Beverages Limited VBL ₹495.70 ₹187.49 -62%
Eastroc Beverage (Group) Co 605499 ¥124.43 ¥107.57 -14%

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Frequently asked questions

Is PT Akasha Wira International Tbk (ADES) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 22,293 IDR versus a price of 35,000 IDR, about −36% (overvalued).
What is the fair value of ADES?
Our model-based fair value for PT Akasha Wira International Tbk is 22,293 IDR (as of Jul 20, 2026), built from audited fundamentals. The current price is 35,000 IDR.
What is the quality score of ADES?
PT Akasha Wira International 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 Akasha Wira International Tbk (ADES)?
PT Akasha Wira International Tbk reported trailing-twelve-month revenue of about 3.1T IDR (latest available figure, as of Jul 20, 2026).
What is the net profit margin of ADES?
The net profit margin of PT Akasha Wira International Tbk is about 27.5%, meaning it keeps roughly 27.5% 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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