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PT Astra International Tbk, (ASII) Fair Value & Analysis

Industrials · ID · Market cap 191T IDR

PA PT Astra International Tbk, ASII · JK
Price5,100 IDR
Fair Value9,620 IDR
Upside+88.6%
Quality54/100
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Mixed Growth
Thin margins · 9.9% net margin
Low debt · generates free cash flow
7.99% dividend yield
Ranks above peers (13/15)
Moderate moat 48/100
Evidence: Medium Range 7,215 IDR – 12,025 IDR Share as image

Fair value as of: Jul 11, 2026

From 24 valuation models · updated 27 days ago

Fair value updated Jul 11, 2026, revised from 9,840 IDR to 9,620 IDR (−2.2%) since Jun 26, 2026. Share price +3.4% over the past month.

A solid business, screening 89% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (7,215 IDR). The market is more pessimistic than our downside scenario.
  • Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

7,044 IDR 3,146 IDR Fair Value 9,620 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.

How to read this chart

60‑month range 3,146 IDR – 7,044 IDR · fair‑value band 7,215 IDR – 12,025 IDR · the 5,100 IDR price screens below the 9,620 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 11, 2026.

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Analysis

PT Astra International Tbk, (ASII) currently trades at 5,100 IDR, while our model-based Fair Value estimate is 9,620 IDR, implying the stock looks roughly 88.6% undervalued today. We read business quality at 54/100 (solid 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 Astra International Tbk, generated revenue of 319T IDR at a net margin of 9.9%. Revenue declined 5.6% year over year. It earns a return on equity of 13.3%. Net debt stands at 58.8T IDR. Fundamentals as of Jul 11, 2026

Our scenario range runs from 7,215 IDR (bear case) to 12,025 IDR (bull case); at 5,100 IDR, the current price sits below 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 28% below its 52-week high and 24% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -21% fair-value upside, at 89%, ASII 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 BearBaseBull Evidence
Highest evidence
Growth DCF 10,874 IDR 16,627 IDR 25,409 IDR 80
Residual Income 5,705 IDR 7,457 IDR 20,030 IDR 76
Rev-Margin DCF 9,392 IDR 14,899 IDR 21,350 IDR 74
All 24 models by family
DCF Models
FCF DCF 10,691 IDR 17,221 IDR 27,874 IDR 38
Owner Earnings 10,565 IDR 17,016 IDR 27,540 IDR 31
5Y Revenue Exit 9,392 IDR 14,899 IDR 21,960 IDR 39
5Y EBITDA Exit 12,000 IDR 19,848 IDR 29,097 IDR 41
5Y P/E Exit 11,107 IDR 18,153 IDR 25,628 IDR 38
10Y Revenue Exit 9,465 IDR 14,718 IDR 21,862 IDR 36
10Y EBITDA Exit 11,461 IDR 18,260 IDR 27,511 IDR 37
10Y P/E Exit 10,875 IDR 17,047 IDR 24,766 IDR 35
Earnings-Based
Graham-Dodd 5,562 IDR 18,490 IDR 24,747 IDR 54
Lynch FV 4,185 IDR 5,979 IDR 7,773 IDR 50
PEG = 1.0 4,185 IDR 5,979 IDR 7,773 IDR 46
EPV 7,702 IDR 9,005 IDR 10,164 IDR 59
Multiples
P/E Multiple 12,269 IDR 16,358 IDR 20,448 IDR 63
P/S Multiple 10,428 IDR 13,905 IDR 17,381 IDR 58
P/B Multiple 10,428 IDR 13,905 IDR 17,381 IDR 55
EV/EBIT 13,347 IDR 17,690 IDR 22,033 IDR 53
EV/EBITDA 14,077 IDR 18,664 IDR 23,250 IDR 54
EV/Revenue 9,101 IDR 12,865 IDR 16,629 IDR 43
Asset-Based
NCAV (Graham) 2,857 IDR 3,828 IDR 5,714 IDR 50
Growth DCF
Growth DCF 10,874 IDR 16,627 IDR 25,409 IDR 80
Rev-Margin DCF 9,392 IDR 14,899 IDR 21,350 IDR 74
Economic Profit
Residual Income 5,705 IDR 7,457 IDR 20,030 IDR 76
ROIC Compounder 8,198 IDR 10,624 IDR 13,729 IDR 72
Growth Earnings
Growth-Adj P/E 10,443 IDR 14,919 IDR 19,394 IDR 68

Widest divergence: DCF Models (17,047 IDR) versus Asset-Based (3,828 IDR). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 319T IDR
Revenue growth (YoY) -5.6%
Net margin 9.9%
Return on equity 13.3%
Free cash flow 34.1T IDR FY2025
P/E ratio 6.1
More key figures
Operating margin 8.6%
EPS (TTM) 785.19 IDR
Dividend yield 8.0%
EPS growth (YoY) -14.6%
Net debt 58.8T IDR FY2025

Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 57 · Market factors (momentum, volatility) 43

Profitability 44
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 59
Earnings quality: real cash, not paper profit
Fin. Strength 59
Balance sheet, leverage, solvency risk
Investment 72
Disciplined investing over empire-building
Low Volatility 71
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 35
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 Astra International Tbk, together with its subsidiaries, operates in the automotive, financial services, heavy equipment, mining, construction, energy, agri, infrastructure and logistics, information technology, and property businesses in Indonesia and internationally.

Full company description

PT Astra International Tbk, together with its subsidiaries, operates in the automotive, financial services, heavy equipment, mining, construction, energy, agri, infrastructure and logistics, information technology, and property businesses in Indonesia and internationally. It operates in Automotive, Financial Services, Heavy Equipment and Mining, construction, and energy, infrastructure and logistics, Agribusiness, Information Technology, and Property segments. The Automotive segment includes car, motorcycle, component, and others. Its Financial Services segment engages in car, motorcycle, heavy equipment financing, and Insurance. The Heavy Equipment and Mining, construction, and energy segment engages in construction machines, mining contractor, mining, and construction. Its infrastructure and logistics segment includes infrastructure and logistics value chain services; Agribusiness segment include oil palm plantations and their derivative products. The Information Technology segment comprises document solutions, IT Solutions, and office solutions; and Property development segment. The company also engages in sales of spare parts, heavy equipment and rental services, mining and related services. The company was founded in 1957 and is headquartered in Jakarta, Indonesia. PT Astra International Tbk is a subsidiary of Jardine Cycle & Carriage Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Astra International Tbk, reported revenue of 323T IDR in FY2025 versus 233T IDR in FY2021, a compound +8.5%/yr. Reported net income was 32.8T IDR in FY2025, compounding +12.9%/yr from FY2021.

Growth Quality 87/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
323T IDR
Latest YoY
−2.3%
Avg. growth/yr (3Y)
+2.4%
Avg. growth/yr (5Y)
+13.1%
Avg. growth/yr (25Y)
+10.2%
Revenue +8.5%/yr
FY21 233T IDR
FY22 301T IDR
FY23 317T IDR
FY24 331T IDR
FY25 323T IDR
Net income +12.9%/yr
FY21 20.2T IDR
FY22 28.9T IDR
FY23 33.8T IDR
FY24 34.1T IDR
FY25 32.8T IDR

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Cite: Fair Value Calculator (2026). "PT Astra International Tbk, Fair Value". https://www.fairvalue-calculator.com/stock/ASII

Peer Group

Conglomerates · 371 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 54 · Above median
Fair Value upside +89% · Top 25%
Return on equity (TTM) 13% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 10% · Top 25%
Operating margin (TTM) 9% · Above median
Revenue growth -6% · Below median
Dividend yield (TTM) 8.0% · Top 25%
Debt / equity 0.17× · Lower than median

Valuation Multiples vs Conglomerates median · lower = cheaper

P/E (TTM) 6.1× · Cheaper than 75% of peers
P/B 0.83× · Pricier than median
P/S (TTM) 0.60× · Cheaper than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 3.1× · Cheaper than median
PEG 0.77× · Cheaper than median

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 100 · sector 19
FUTURE 0 · sector 16
PAST 53 · sector 20
HEALTH 91 · sector 89
DIVIDEND 100 · sector 40

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 Conglomerates stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).

Stock Price Fair Value vs Fair Value
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Swire Pacific Limited 0019 HK$99.50 HK$16.77 -83%
SK Inc 034730 580,000 KRW 497,919 KRW -14%
Grupo Carso, S.A. GCARSOA1 127.02 MXN 66.21 MXN -48%
The Siam Cement Public Company SCC 254.00 THB 199.40 THB -21%
SRF Limited SRF ₹2,875 ₹1,053 -63%
Empresas Copec S.A COPEC 6,330 CLP 10,879 CLP +72%
Posco International Corporation 047050 50,900 KRW 61,248 KRW +20%
Tube Investments of India Limited TIINDIA ₹2,940 ₹559.30 -81%
Doosan Corporation 000155 464,000 KRW 75,620 KRW -84%

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Frequently asked questions

Is PT Astra International Tbk, (ASII) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of 9,620 IDR versus a price of 5,100 IDR, about +89% (undervalued).
What is the fair value of ASII?
Our model-based fair value for PT Astra International Tbk, is 9,620 IDR (as of Jul 11, 2026), built from audited fundamentals. The current price is 5,100 IDR.
What is the quality score of ASII?
PT Astra International Tbk, has a Quality Score of 54/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of PT Astra International Tbk, (ASII)?
PT Astra International Tbk, reported trailing-twelve-month revenue of about 319T IDR (latest available figure, as of Jul 11, 2026).
What is the net profit margin of ASII?
The net profit margin of PT Astra International Tbk, is about 9.9%, meaning it keeps roughly 9.9% of revenue as net income. Based on the latest reported figures.
Does PT Astra International Tbk, pay a dividend?
PT Astra International Tbk, currently shows a dividend yield of about 8.53% relative to its recent price (as of Jul 11, 2026).

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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