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PT Argha Karya Prima Industry Tbk, (AKPI) Fair Value & Analysis

Consumer Cyclical · ID · Market cap 300B IDR

PA PT Argha Karya Prima Industry Tbk, AKPI · JK
Price505.00 IDR
Fair Value351.60 IDR
Upside-30.4%
Quality47/100
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Expensive Growth
Thin margins · 1.1% net margin
Low debt · negative free cash flow
Trails peers (4/13)
Narrow moat 29/100
Evidence: Medium Range 263.70 IDR – 439.51 IDR Share as image

Fair value as of: Jul 17, 2026

From 13 valuation models · updated 24 days ago

Share price +1.4% over the past month.

Below-average quality, and screening another 30% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (439.51 IDR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

1,697 IDR 382.30 IDR Fair Value 351.60 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range 382.30 IDR – 1,697 IDR · fair‑value band 263.70 IDR – 439.51 IDR · the 505.00 IDR price screens above the 351.60 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

PT Argha Karya Prima Industry Tbk, (AKPI) currently trades at 505.00 IDR, while our model-based Fair Value estimate is 351.60 IDR, implying the stock looks roughly 30.4% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Consumer Cyclical 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: medium).

Over the trailing twelve months, PT Argha Karya Prima Industry Tbk, generated revenue of 2.9T IDR at a net margin of 1.1%. Revenue declined 1.2% year over year. It earns a return on equity of 1.8%. Net debt stands at 1.2T IDR. Fundamentals as of Jul 17, 2026

Our scenario range runs from 263.70 IDR (bear case) to 439.51 IDR (bull case); at 505.00 IDR, the current price sits above 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 32% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -22% fair-value upside, at -30%, AKPI 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 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. Evidence
Highest evidence
Residual Income 1,996 IDR 1,850 IDR 1,350 IDR 76
ROIC Compounder 993.80 IDR 1,269 IDR 1,514 IDR 72
Growth-Adj P/E 208.97 IDR 298.53 IDR 388.09 IDR 68
All 13 models by family
Earnings-Based
Graham-Dodd 140.64 IDR 362.40 IDR 471.99 IDR 54
PEG = 1.0 68.19 IDR 97.42 IDR 126.64 IDR 46
EPV 993.80 IDR 1,269 IDR 1,514 IDR 59
Multiples
P/E Multiple 263.70 IDR 351.60 IDR 439.51 IDR 63
P/S Multiple 263.70 IDR 351.60 IDR 439.51 IDR 58
P/B Multiple 263.70 IDR 351.60 IDR 439.51 IDR 55
EV/EBIT 1,337 IDR 1,971 IDR 2,606 IDR 53
EV/EBITDA 2,812 IDR 3,938 IDR 5,065 IDR 54
EV/Revenue 1,083 IDR 1,790 IDR 2,497 IDR 43
Asset-Based
NCAV (Graham) 1,451 IDR 1,945 IDR 2,902 IDR 50
Economic Profit
Residual Income 1,996 IDR 1,850 IDR 1,350 IDR 76
ROIC Compounder 993.80 IDR 1,269 IDR 1,514 IDR 72
Growth Earnings
Growth-Adj P/E 208.97 IDR 298.53 IDR 388.09 IDR 68

Widest divergence: Asset-Based (1,945 IDR) versus Growth Earnings (298.53 IDR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 2.9T IDR
Revenue growth (YoY) -1.2%
Net margin 1.1%
Return on equity 1.8%
Free cash flow −189B IDR FY2025
P/E ratio 8.8
More key figures
Operating margin 5.0%
EPS (TTM) 52.01 IDR
EPS growth (YoY) +1,467%
Net debt 1.2T IDR FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 45 · Market factors (momentum, volatility) 39

Profitability 25
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 32
Earnings quality: real cash, not paper profit
Fin. Strength 33
Balance sheet, leverage, solvency risk
Investment 81
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 23
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 Argha Karya Prima Industry Tbk, together with its subsidiaries, produces and distributes flexible packaging films in Indonesia, the rest of Asia, America, Europe, Africa, the Middle East, Australia, and New Zealand. It operates through Manufacturing and Distribution segments.

Full company description

PT Argha Karya Prima Industry Tbk, together with its subsidiaries, produces and distributes flexible packaging films in Indonesia, the rest of Asia, America, Europe, Africa, the Middle East, Australia, and New Zealand. It operates through Manufacturing and Distribution segments. The company offers biaxially oriented polyethylene terephthalate films (BOPET), such as digital printing, barrier, paper lamination, clear, metallized, and coated films under the areta brand; biaxially oriented polypropylene (BOPP) films, including tobacco, straw, heat-sealable, and white cavitated films under the arlene brand; and polyester films. PT Argha Karya Prima Industry Tbk was founded in 1980 and is based in Jakarta Selatan, Indonesia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Argha Karya Prima Industry Tbk, reported revenue of 2.9T IDR in FY2025 versus 2.7T IDR in FY2021, a compound +2.1%/yr. Reported net income was 12.7B IDR in FY2025, compounding −45.9%/yr from FY2021.

Growth Quality 32/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
2.9T IDR
Latest YoY
−2.9%
Avg. growth/yr (3Y) 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.
−1.8%
Avg. growth/yr (5Y) 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.
+5.7%
Avg. growth/yr (25Y) 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.
+5.7%
Revenue +2.1%/yr
FY21 2.7T IDR
FY22 3.1T IDR
FY23 2.7T IDR
FY24 3.0T IDR
FY25 2.9T IDR
Net income −45.9%/yr
FY21 148B IDR
FY22 196B IDR
FY23 −29.6B IDR
FY24 10.6B IDR
FY25 12.7B IDR

AKPI screens 30% overvalued. Compare with Stora Enso Oyj →

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Cite: Fair Value Calculator (2026). "PT Argha Karya Prima Industry Tbk, Fair Value". https://www.fairvalue-calculator.com/stock/AKPI

Peer Group

Packaging & Containers · 272 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 47 · Below median
Fair Value upside −30% · Below median
Return on equity (TTM) 2% · Below median
Return on assets 2% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 5% · Below median
Revenue growth -1% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.26× · Higher than median

Valuation Multiples vs Packaging & Containers median · lower = cheaper

P/E (TTM) 9.4× · Cheaper than 75% of peers
P/B 0.17× · Cheaper than 75% of peers
P/S (TTM) 0.10× · Cheaper than 75% of peers
EV/EBITDA 2.4× · Cheaper 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 9
FUTURE 0 · sector 1
PAST 7 · sector 21
HEALTH 87 · sector 92
DIVIDEND 0 · sector 42

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.

None of the checked exposures detected

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

Similar stocks

10 more Packaging & Containers stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Stora Enso Oyj STER kr 101.90 kr 126.39 +24%
ShenZhen YUTO Packaging Technology Co 002831 ¥29.10 ¥20.88 -28%
SCG Packaging Public Company SCGP 29.00 THB 16.12 THB -44%
AblePrint Technology Co 7734 2,850 TWD 661.69 TWD -77%
PT Fajar Surya Wisesa Tbk, FASW 5,312 IDR 1,194 IDR -78%
Taiwan Hon Chuan Enterprise Co 9939 132.50 TWD 127.06 TWD -4%
Time Technoplast Limited TIMETECHNO ₹206.82 ₹161.42 -22%
EPL Limited 500135 ₹222.25 ₹111.65 -50%
Ton Yi Industrial Corp 9907 15.15 TWD 23.17 TWD +53%
Dongwon Systems Corporation 014820 19,330 KRW 31,473 KRW +63%

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Frequently asked questions

Is PT Argha Karya Prima Industry Tbk, (AKPI) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 351.60 IDR versus a price of 505.00 IDR, about −30% (overvalued).
What is the fair value of AKPI?
Our model-based fair value for PT Argha Karya Prima Industry Tbk, is 351.60 IDR (as of Jul 17, 2026), built from audited fundamentals. The current price is 505.00 IDR.
What is the quality score of AKPI?
PT Argha Karya Prima Industry Tbk, has a Quality Score of 47/100. 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 Argha Karya Prima Industry Tbk, (AKPI)?
PT Argha Karya Prima Industry Tbk, reported trailing-twelve-month revenue of about 2.9T IDR (latest available figure, as of Jul 17, 2026).
What is the net profit margin of AKPI?
The net profit margin of PT Argha Karya Prima Industry Tbk, is about 1.1%, meaning it keeps roughly 1.1% 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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