Akbar Indomakmur Stimec Tbk (AIMS) fair value: what the stock is really worth
As of Oct 30, 2026: fair value (intrinsic value) of Akbar Indomakmur Stimec Tbk stock IDR 56, price IDR 520, upside -89.3%, quality 76 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 31, 2026.
How to read this chart
60‑month range 198.00 IDR – 1,255 IDR · fair‑value band 31.72 IDR – 91.92 IDR · the 520.00 IDR price screens above the 55.82 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Oct 31, 2026.
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PT Artha Mahiya Investama Tbk sells coal products in Indonesia. The company was formerly known as PT Akbar Indo Makmur Stimec Tbk. PT Artha Mahiya Investama Tbk was founded in 1997 and is based in Jakarta Selatan, Indonesia. PT Akbar Indo Makmur Stimec Tbk is a subsidiary of PT Aims Indo Investama.
Stock analysis
Akbar Indomakmur Stimec Tbk (AIMS) currently trades at 520.00 IDR, while our model-based Fair Value estimate is 55.82 IDR, 89.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 85.42 IDR per share, and 0 of the 23 models we run sit above the 520.00 IDR price.
Bear case: the Growth DCF group reads lowest at 19.30 IDR, and 23 of the 23 models stay below the price. Data coverage for this calculation is low.
Scenario range: 31.72 IDR (bear) to 91.92 IDR (bull), the price of 520.00 IDR sits above 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 76/100 (high quality), in the Energy sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Akbar Indomakmur Stimec Tbk reported revenue of 2.0B IDR in FY2025 versus 38.5B IDR in FY2021, a compound −52.0%/yr. Reported net income was 410M IDR in FY2025, compounding −37.1%/yr from FY2021.
Key figures
Market cap 115B IDR (≈ $6.3M) Micro · P/E ratio 27.9 · P/S ratio 5.60 · EPS (TTM) 18.65 IDR · Net margin 20.1% · Return on equity −117% · Return on assets (EBIT) −7.8% · Operating margin −27.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 20 out of 100 (low confidence).
What moves the price
The share trades about 47% below its 52-week high and 60% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at −35% fair-value upside, at −89%, AIMS screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (2.28 IDR to 88.48 IDR). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear31.72 IDRFair Value 55.82 IDRBull91.92 IDR
Price 520.00 IDR · Upside -89.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (15.59 IDR per share) are deliberately not added.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.Coverage ⓘCoverage = 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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
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.
−60.2%
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.
−15.4%
Start year 2020 (pandemic)
Revenue growth 24 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.
−11.7%
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What shareholders gained per year (last 5 years), in IDR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in IDR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−30.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−30.9%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘ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.−18% → 7%
⚠ Revenue per share shrinking 22.8%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+69.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Indonesia: IMF forecast 2.6% a year to 2030, 2.9% from 2016 to 2025) that is about +64.7% a year for the price.
Compare Akbar Indomakmur Stimec Tbk with another stock
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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.Thermal Coal · 83 stocks
Beats the industry median on 2/10 measures
Overall it trails its industry peers.
Valuation
Quality Score76 · Top 25%
Fair Value upside−89.3% · Bottom 25%
Profitability
Return on assets9.6% · Top 25%
Net margin (12 months)−7.3% · Bottom 25%
Operating margin (12 months)−27.7% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−30.4% · Bottom 25%
Balance sheet
Debt / equity0.65× · Highest 25%
Valuation Multiplesvs Thermal Coal median · lower = cheaper
P/E (12 months)27.9× · Priciest 25%
P/S (12 months)67.65× · Priciest 25%
Price / free cash flow250.8× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 8
FUTURE (revenue growth)0· sector 62
PAST (return on equity)0· sector 26
HEALTH (low debt)68· sector 92
DIVIDEND (yield)0· sector 62
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Akbar Indomakmur Stimec Tbk (AIMS) overvalued or undervalued?
As of Oct 31, 2026, our model estimates a fair value of 55.82 IDR versus a price of 520.00 IDR, about −89% upside (overvalued).
What is the fair value of AIMS?
Our model-based fair value for Akbar Indomakmur Stimec Tbk is 55.82 IDR (as of Oct 31, 2026), built from audited fundamentals. The current price: 520.00 IDR.
What is the quality score of AIMS?
Akbar Indomakmur Stimec Tbk has a Quality Score of 76/100. 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 Akbar Indomakmur Stimec Tbk (AIMS)?
Our model-based price target is the fair value of 55.82 IDR (as of Oct 31, 2026) from 23 valuation models. Cautious scenario 31.72 IDR, optimistic scenario 91.92 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Akbar Indomakmur Stimec Tbk stock forecast for 2026?
Our models put fair value at 55.82 IDR, about −89% upside versus a price of 520.00 IDR (overvalued). Cautious scenario 31.72 IDR, optimistic scenario 91.92 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Akbar Indomakmur Stimec Tbk (AIMS)?
Akbar Indomakmur Stimec Tbk reported trailing-twelve-month revenue of about 1.7B IDR (latest available figure, as of Oct 31, 2026).
What growth is priced into Akbar Indomakmur Stimec Tbk (AIMS)?
For today's price to be fair in a discounted-cash-flow model, Akbar Indomakmur Stimec Tbk would have to grow free cash flow by +69.1 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -15.4 % per year. As of Oct 31, 2026.
What discount rate (WACC) does the fair value of AIMS use?
Our models discount Akbar Indomakmur Stimec Tbk at 11.8 %: a base by market capitalisation (nano), damped by beta 0.94, country premium for Indonesia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Akbar Indomakmur Stimec Tbk that is +69.1 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Akbar Indomakmur Stimec Tbk (AIMS) delivered so far?
Over the past 5 years revenue at Akbar Indomakmur Stimec Tbk grew -15.4 % a year. The price currently implies +69.1 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Akbar Indomakmur Stimec Tbk (AIMS) growing?
The median revenue growth in the sector is +7.7 % a year. That is the yardstick for the growth priced into Akbar Indomakmur Stimec Tbk (+69.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Akbar Indomakmur Stimec Tbk (AIMS)?
The free-cash-flow yield on the price is 0.40 %: that much free cash flow Akbar Indomakmur Stimec Tbk produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Akbar Indomakmur Stimec Tbk (AIMS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Akbar Indomakmur Stimec Tbk it is 55.82 IDR per share (as of Oct 31, 2026), against a price of 520.00 IDR. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Akbar Indomakmur Stimec Tbk stock overvalued or undervalued in 2026?
As of Oct 31, 2026, AIMS trades above its calculated fair value: price 520.00 IDR, fair value 55.82 IDR, a gap of about −89% (overvalued). 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 AIMS?
No. The price is what the market pays today (520.00 IDR); the fair value is what the company's own numbers justify (55.82 IDR). For Akbar Indomakmur Stimec Tbk the two are 464.18 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Akbar Indomakmur Stimec Tbk worth?
The market values Akbar Indomakmur Stimec Tbk at about 115B IDR (market capitalisation, as of Oct 31, 2026). Per share that is 520.00 IDR; our models calculate a fair value of 55.82 IDR per share.
What do the bullish and bearish scenarios say about AIMS?
Our models span a range for Akbar Indomakmur Stimec Tbk: cautious scenario 31.72 IDR, base 55.82 IDR, optimistic 91.92 IDR per share (as of Oct 31, 2026, price 520.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of AIMS?
Akbar Indomakmur Stimec Tbk trades at a price-to-earnings ratio of 27.9 (as of Oct 31, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 55.82 IDR is built from several models across several years. Other multiples: P/S 67.6.
How solid is the balance sheet of Akbar Indomakmur Stimec Tbk (AIMS)?
Balance-sheet figures for Akbar Indomakmur Stimec Tbk (as of Oct 31, 2026): return on equity −117.3%, debt of 0.65 per unit of equity. They feed the Quality Score of 76/100, which measures business quality independently of the share price.
How far is AIMS from its 52-week high?
Akbar Indomakmur Stimec Tbk trades at 520.00 IDR, about 47% below its 52-week high of 990.00 IDR and 60% above the low of 326.00 IDR (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of 55.82 IDR is for.
Which stocks are comparable to Akbar Indomakmur Stimec Tbk?
From the same area (Energy) we also value China Shenhua Energy Company, Shaanxi Coal Industry Company, Adani Enterprises Limited, China Coal Energy Company, 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 Akbar Indomakmur Stimec Tbk stock attractive at the current price?
The data as of Oct 31, 2026: price 520.00 IDR, calculated fair value 55.82 IDR (−89%), Quality Score 76/100, from 23 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 AIMS calculated?
We run Akbar Indomakmur Stimec Tbk through 23 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 55.82 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 13.5 % above its aggregate fair value. Akbar Indomakmur Stimec Tbk itself currently trades above fair value. 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 Akbar Indomakmur Stimec Tbk (AIMS)?
The closing price on Oct 30, 2026 was 520.00 IDR. Our model-based fair value is 55.82 IDR, about −89% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Akbar Indomakmur Stimec Tbk right now?
A high-quality business (quality 76/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (91.92 IDR). The favourable scenario is already priced in. The model range is unusually wide (31.72 IDR to 91.92 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 Akbar Indomakmur Stimec Tbk
How large is the market capitalisation of Akbar Indomakmur Stimec Tbk (AIMS)?
The market capitalisation of Akbar Indomakmur Stimec Tbk is 115B IDR (≈ $6.3M). 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 Akbar Indomakmur Stimec Tbk (AIMS)?
The price-to-sales ratio of Akbar Indomakmur Stimec Tbk is 5.60 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Akbar Indomakmur Stimec Tbk (AIMS)?
Earnings per share at Akbar Indomakmur Stimec Tbk are 18.65 IDR (price ÷ EPS = P/E 27.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Akbar Indomakmur Stimec Tbk (AIMS)?
The net margin of Akbar Indomakmur Stimec Tbk is 20.1% (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 Akbar Indomakmur Stimec Tbk (AIMS)?
The return on equity (ROE) of Akbar Indomakmur Stimec Tbk is −117% (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 Akbar Indomakmur Stimec Tbk (AIMS)?
On an EBIT basis the return on assets of Akbar Indomakmur Stimec Tbk is −7.8% (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 Akbar Indomakmur Stimec Tbk (AIMS)?
The operating margin of Akbar Indomakmur Stimec Tbk is −27.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Akbar Indomakmur Stimec Tbk (AIMS)?
Revenue at Akbar Indomakmur Stimec Tbk is growing −30.4% versus a year earlier (3y avg −60.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Akbar Indomakmur Stimec Tbk (AIMS)?
Earnings per share at Akbar Indomakmur Stimec Tbk are growing −76.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Akbar Indomakmur Stimec Tbk (AIMS) carry?
The net debt of Akbar Indomakmur Stimec Tbk is 1.1B IDR (fiscal year 2025, ≈ 2.4 yrs of FCF). 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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Thin data
Oct 31, 2026