PT Adiwarna Anugerah Abadi Tbk (NAIK) Fair Value & Analysis

Basic Materials · ID · Market cap 293B IDR

A solid business, currently priced close to our fair value.

What matters now

• The price sits close to our fair value, market and models broadly agree here, little valuation tension.
• A fairly wide model range (70.81 IDR to 148.30 IDR) leaves room in how you read the outcome.

Price vs Fair Value (21 months)

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

21‑month range 70.00 IDR – 669.68 IDR · fair‑value band 70.81 IDR – 148.30 IDR · the 90.00 IDR price screens below the 94.42 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 Adiwarna Anugerah Abadi Tbk (NAIK) currently trades at 90.00 IDR, while our model-based Fair Value estimate is 94.42 IDR, implying the stock looks roughly 4.9% fairly valued today. The Quality Score stands at 55/100 (solid quality), in the Basic Materials 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: high), always confirm before acting.

Over the trailing twelve months, PT Adiwarna Anugerah Abadi Tbk generated revenue of 224B IDR at a net margin of 14.2%. Revenue grew 14.0% year over year. It earns a return on equity of 15.6%. Net debt stands at 20.8B IDR. Fundamentals as of Jul 17, 2026

Our scenario range runs from 70.81 IDR (bear case) to 148.30 IDR (bull case); at 90.00 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 57% below its 52-week high and 38% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -59% fair-value upside, at 5%, NAIK 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.

Widest divergence: DCF Models (304.80 IDR) versus Asset-Based (42.42 IDR). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

PT Adiwarna Anugerah Abadi Tbk provides fire protection system products in Indonesia. The company offers control valves comprising butterfly valves, gate valves, check valves, Y strainers, and automatic air ventilation products; fire suppression systems consisting of Inergen, FM-200, and Novec 1230 fire suppression systems, as well as high-pressure CO2 …

Full company description

PT Adiwarna Anugerah Abadi Tbk provides fire protection system products in Indonesia. The company offers control valves comprising butterfly valves, gate valves, check valves, Y strainers, and automatic air ventilation products; fire suppression systems consisting of Inergen, FM-200, and Novec 1230 fire suppression systems, as well as high-pressure CO2 systems; firefighting pumps, including end suction products, vertical turbines, horizontal split case fire pumps, multi-stage multi-outlet products, hydro steam products, and Jockey fire pumps; and fire detection alarm systems, such as addressable fire alarm system control panels, fire detectors, fire alarm bells, horns and strobes, manual pull stations, annunciators, and intelligent and IP-based products. It also provides firefighting foam system products comprising foam system concentrates, foam system bladder tanks, foam system chambers, foam water monitors, fire hose reels, and high-expansion foam products; fire sprinklers and hydrant systems, including fire sprinkler systems, water monitors, fire hydrant systems, firefighting equipment, water spray systems, deluge systems, nozzles, outdoor hydrant boxes, fire hydrant pillars (CI and PF), hydrant nozzles and fire hoses, and Siamese connections (2-way) products; and design and engineering, supply, installation, testing and commissioning, and maintenance services. In addition, the company engages in trading activities; and undertakes construction contract projects for installation and maintenance. It serves the oil and gas plant, data center, banking, power plant, petrochemical, and industrial plant industries. The company was founded in 2007 and is headquartered in Jakarta Barat, Indonesia. PT Adiwarna Anugerah Abadi Tbk operates as a subsidiary of PT Adiwarna Anugerah Investama.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Adiwarna Anugerah Abadi Tbk reported revenue of 216B IDR in FY2025 versus 77.7B IDR in FY2021, a compound +29.1%/yr. Reported net income was 30.7B IDR in FY2025, compounding +41.7%/yr from FY2021.

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Peer Group

Building Materials · 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.

Valuation Multiples vs Building Materials median · lower = cheaper

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.

Insider activity: 45/100

Values & ESG

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

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

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Frequently asked questions

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.