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PT Arkha Jayanti Persada Tbk (ARKA) Fair Value & Analysis

Industrials · ID · Market cap 44.0B IDR

PA PT Arkha Jayanti Persada Tbk ARKA · JK
Price22.00 IDR
Fair Value24.83 IDR
Upside+12.9%
Quality34/100
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Mixed Growth
Thin margins · 2.5% net margin
High debt · negative free cash flow
Trails peers (4/12)
Narrow moat 28/100
Evidence: Medium Range 18.62 IDR – 31.55 IDR Share as image

Fair value as of: Jul 12, 2026

From 10 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from 30.67 IDR to 24.83 IDR (−19.0%) since Jun 24, 2026. Share price −4.3% over the past month.

Below-average quality, screening 13% undervalued on our models.

What matters now

  • Our model range runs from 18.62 IDR (bear) to 31.55 IDR (bull), base 24.83 IDR. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 34/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

117.00 IDR 7.00 IDR Fair Value 24.83 IDR Jan 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range 7.00 IDR – 117.00 IDR · fair‑value band 18.62 IDR – 31.55 IDR · the 22.00 IDR price screens below the 24.83 IDR fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

PT Arkha Jayanti Persada Tbk (ARKA) currently trades at 22.00 IDR, while our model-based Fair Value estimate is 24.83 IDR, implying the stock looks roughly 12.9% undervalued today. The Quality Score stands at 34/100 (below-average quality), in the Industrials 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 Arkha Jayanti Persada Tbk generated revenue of 145B IDR at a net margin of 2.5%. Revenue declined 21.8% year over year. It earns a return on equity of 3.1%. Net debt stands at 211B IDR. Fundamentals as of Jul 12, 2026

Our scenario range runs from 18.62 IDR (bear case) to 31.55 IDR (bull case); at 22.00 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 about 60% below its 52-week high and 22% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -35% fair-value upside, at 13%, ARKA 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 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
Growth-Adj P/E 17.16 IDR 24.51 IDR 31.86 IDR 68
P/E Multiple 23.01 IDR 30.67 IDR 38.34 IDR 63
Residual Income 40.81 IDR 39.18 IDR 32.08 IDR 61
All 10 models by family
DCF Models
Owner Earnings 4.43 IDR 44.35 IDR 100.69 IDR 31
Earnings-Based
Graham-Dodd 9.93 IDR 22.14 IDR 28.28 IDR 54
PEG = 1.0 3.58 IDR 5.11 IDR 6.65 IDR 46
Multiples
P/E Multiple 23.01 IDR 30.67 IDR 38.34 IDR 63
P/S Multiple 18.62 IDR 24.83 IDR 31.04 IDR 58
P/B Multiple 18.62 IDR 24.83 IDR 31.04 IDR 55
EV/EBITDA 5.24 IDR 28.79 IDR 54
Asset-Based
NCAV (Graham) 28.55 IDR 38.26 IDR 57.10 IDR 50
Economic Profit
Residual Income 40.81 IDR 39.18 IDR 32.08 IDR 61
Growth Earnings
Growth-Adj P/E 17.16 IDR 24.51 IDR 31.86 IDR 68

Widest divergence: DCF Models (44.35 IDR) versus Earnings-Based (5.11 IDR). Highest evidence: Growth-Adj P/E (68).

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Key figures & financial health

Revenue (TTM) 145B IDR
Revenue growth (YoY) -21.8%
Net margin 2.5%
Return on equity 3.1%
Free cash flow −3.9B IDR FY2024
P/E ratio 12.4
More key figures
Operating margin 3.3%
EPS (TTM) 1.77 IDR
EPS growth (YoY) -13.6%
Net debt 211B IDR FY2024

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 34/100

Of which business quality 30 · Market factors (momentum, volatility) 32

Profitability 17
Margins and returns on capital today
Quality Growth 18
Are margins and returns improving?
Cashflow 6
Earnings quality: real cash, not paper profit
Fin. Strength 10
Balance sheet, leverage, solvency risk
Investment 89
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 23
Price trend over the last 3–12 months (market factor)
52W Momentum 28
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 Arkha Jayanti Persada Tbk manufactures and fabricates heavy equipment components in Indonesia. It operates through Heavy Equipment Components, Body Dumps, Coal Hauling Services, and Steel Construction segments.

Full company description

PT Arkha Jayanti Persada Tbk manufactures and fabricates heavy equipment components in Indonesia. It operates through Heavy Equipment Components, Body Dumps, Coal Hauling Services, and Steel Construction segments. The company offers fabricated components for excavators, bulldozers, motor graders, wheel mining loaders, and dump trucks; and steel construction services for power plants, factories and buildings, and railway stations and bridges. It also provides dump trucks; and various types of gas and industrial equipment oil, such as pipe racks, pipe shoes, and connector pipes. PT Arkha Jayanti Persada Tbk was incorporated in 1999 and is headquartered in Bogor, Indonesia.

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

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

PT Arkha Jayanti Persada Tbk reported revenue of 119B IDR in FY2024 versus 82.9B IDR in FY2020, a compound +9.5%/yr. Reported net income was 2.9B IDR in FY2024.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
119B IDR
Latest YoY
−35.0%
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.
+18.0%
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.
+2.4%
Avg. growth/yr (9Y) 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.
+7.4%
Revenue +9.5%/yr
FY20 82.9B IDR
FY21 72.4B IDR
FY22 213B IDR
FY23 183B IDR
FY24 119B IDR
Net income
FY20 −30.6B IDR
FY21 3.4B IDR
FY22 6.1B IDR
FY23 10.2B IDR
FY24 2.9B IDR

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Cite: Fair Value Calculator (2026). "PT Arkha Jayanti Persada Tbk Fair Value". https://www.fairvalue-calculator.com/stock/ARKA

Peer Group

Specialty Business Services · 253 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 34 · Bottom 25%
Fair Value upside +13% · Above median
Return on equity (TTM) 3% · Below median
Return on assets 0% · Bottom 25%
Net margin (TTM) 2% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth -22% · Bottom 25%
Debt / equity 1.58× · Higher than 75% of peers

Valuation Multiples vs Specialty Business Services median · lower = cheaper

P/E (TTM) 12.4× · Cheaper than median
P/B 0.39× · Cheaper than 75% of peers
P/S (TTM) 0.30× · Cheaper than 75% of peers
EV/EBITDA 16.0× · 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 51 · sector 24
FUTURE 0 · sector 27
PAST 12 · sector 33
HEALTH 21 · sector 92
DIVIDEND 0 · sector 54

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 Specialty Business Services stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Cintas Corporation CTAS $206.25 $95.30 -54%
RELX PLC RELX $33.70 $32.49 -4%
Thomson Reuters Corporation TRI C$133.87 C$70.40 -47%
Copart, Inc CPRT $27.61 $28.59 +4%
Global Payments Inc GPN $80.49 $69.67 -13%
RB Global, Inc RBA C$156.43 C$49.14 -69%
Brambles Limited BXB A$18.79 A$12.28 -35%
UL Solutions Inc ULS $87.76 $33.62 -62%
Wolters Kluwer N.V WKL €62.56 €103.99 +66%
Aramark ARMK $56.74 $13.73 -76%

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Frequently asked questions

Is PT Arkha Jayanti Persada Tbk (ARKA) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of 24.83 IDR versus a price of 22.00 IDR, about +13% (undervalued).
What is the fair value of ARKA?
Our model-based fair value for PT Arkha Jayanti Persada Tbk is 24.83 IDR (as of Jul 12, 2026), built from audited fundamentals. The current price is 22.00 IDR.
What is the quality score of ARKA?
PT Arkha Jayanti Persada 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 revenue of PT Arkha Jayanti Persada Tbk (ARKA)?
PT Arkha Jayanti Persada Tbk reported trailing-twelve-month revenue of about 145B IDR (latest available figure, as of Jul 12, 2026).
What is the net profit margin of ARKA?
The net profit margin of PT Arkha Jayanti Persada Tbk is about 2.5%, meaning it keeps roughly 2.5% 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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