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Data-driven stock valuation

Adhi Kartiko Pratama Tbk. (NICE) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Adhi Kartiko Pratama Tbk. stock IDR 368, price IDR 230, upside +60.0%, quality 45 out of 100. Rating: strongly undervalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.

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Basic Materials ID

AK Adhi Kartiko Pratama Tbk. logo Thin data Nov 2, 2026

Adhi Kartiko Pratama Tbk.

NICE · JK
Cheap, value-trap risk

The stock costs 38% less than our calculation considers fair.

Fair value 368.00 IDR · Strongly undervalued (38%)
Low debt
Ranks above peers (8/11)
Even on cautious assumptions the value is 35% above the price (310.05 IDR).
Quality 45/100
Expensive Growth (revenue 5y +62.6 %/yr in IDR)
Thin margins · 2.9% net margin (TTM)
Moderate moat 52/100 · thin data
Negative free cash flow
Thin data
⟳ Cyclical⚠ Small free float
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

1,250 IDR 228.00 IDR Fair Value 368.00 IDR Jan 2024 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 2, 2026.

How to read this chart

34‑month range 228.00 IDR – 1,250 IDR · fair‑value band 310.05 IDR – 425.15 IDR · the 230.00 IDR price screens below the 368.00 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 2, 2026.

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Company profile

PT Adhi Kartiko Pratama Tbk operates as a nickel ore mining company in Indonesia.

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It offers sea port services, including the operation of terminal facilities, such as ports and docks, navigation, cargo inspection, shipping and docking services, mooring services, and guidance and delay services for water transportation of passengers, animals, or goods; industrial estate services, which include the land operation for centralized industrial activities; and analytical and technical testing services, such as operations related to laboratory safety and security, and technical testing involving ionizing radiation sources, as well as the implementation of proficiency testing and the production of reference materials.

The company was founded in 2008 and is headquartered in Kendari, Indonesia. PT Adhi Kartiko Pratama Tbk is a subsidiary of PT. Energy Battery Indonesia.

Stock analysis

Adhi Kartiko Pratama Tbk. (NICE) currently trades at 230.00 IDR, while our model-based Fair Value estimate is 368.00 IDR, implying the stock looks roughly 38% undervalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of 386.90 IDR per share, and 3 of the 6 models we run sit above the 230.00 IDR price.

Bear case: the Earnings-Based group reads lowest at 174.16 IDR, and 3 of the 6 models stay below the price. Data coverage for this calculation is low.

Scenario range: 310.05 IDR (bear) to 425.15 IDR (bull), the price of 230.00 IDR sits below 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 45/100 (below-average quality), in the Basic Materials sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Adhi Kartiko Pratama Tbk. reported revenue of 1.2T IDR in FY2026 versus 259B IDR in FY2022, a compound +46.0%/yr. Reported net income was −26.7B IDR in FY2026.

Key figures

Market cap 1.4T IDR (≈ $77.3M) Micro · P/S ratio 1.00 · EPS (TTM) −2.87 IDR · Net margin −2.3% · Return on equity 16.8% · Return on assets (EBIT) 30.5% (5-year average) · Operating margin 27.3% · Revenue (TTM) 1.7T IDR.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).

What moves the price

The share trades about 52% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −8% fair-value upside, at 60%, NICE screens cheaper than that median.

Fair Value models

Bear 310.05 IDR Fair Value 368.00 IDR Bull 425.15 IDR
Price 230.00 IDR · Upside +60.0%
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. 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.
Best data coverage
EPV 159.59 IDR 174.16 IDR 185.47 IDR 74
ROIC Compounder 173.60 IDR 206.05 IDR 238.05 IDR 70
EV/EBITDA 285.14 IDR 386.90 IDR 488.65 IDR 67
All 6 models by family
Earnings-Based
EPV 159.59 IDR 174.16 IDR 185.47 IDR 74
Multiples
EV/EBIT 364.86 IDR 493.19 IDR 621.52 IDR 66
EV/EBITDA 285.14 IDR 386.90 IDR 488.65 IDR 67
EV/Revenue 183.19 IDR 270.33 IDR 357.46 IDR 53
Asset-Based
NCAV (Graham) 11.89 IDR 15.93 IDR 23.77 IDR 54
Economic Profit
ROIC Compounder 173.60 IDR 206.05 IDR 238.05 IDR 70

The fair value above starts from this blend and is adjusted for a cyclical trough year.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 45/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 35
How much profit the company makes from its sales and capital
Quality Growth 80
Are margins and returns getting better?
Cashflow 15
Do the profits arrive as real cash?
Financial strength 56
Debt, balance sheet and risk of trouble
Investment 2
Does it invest with discipline instead of growing at any price?
Low Volatility 18
How calm the share price moves, does not count
Price momentum 20
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 0
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+91.2%
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.
+10.7%
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.
+62.6%
Start year 2021 (pandemic)
Profit margin (trend) ⓘ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.
−12.7% (2021) → 18.9% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed

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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.Other Industrial Metals & Mining · 371 stocks

Beats the industry median on 7/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 45 · Above median
Fair Value upside +60.0% · Top 25%
Profitability
Return on equity (12 months) 16.8% · Top 25%
Return on assets −3.9% · Below median
Net margin (12 months) 2.9% · Below median
Operating margin (12 months) 27.3% · Top 25%
Growth and dividend
Revenue growth (quarter YoY) 173.9% · Top 25%

Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper

P/B 9.46× · Priciest 25%
P/S (12 months) 0.82× · Cheapest 25%
EV/EBITDA 3.6× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 0
FUTURE (revenue growth)100 · sector 92
PAST (return on equity)67 · sector 0
HEALTH (low debt)100 · sector 95
DIVIDEND (yield)0 · sector 34

Context: sector, industry, market

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

Similar stocks

10 more Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Vedanta Limited VEDL ₹261.75 ₹334.17 +28% vs NICE
Saudi Arabian Mining Company 1211 59.05 SAR 64.96 SAR +10% vs NICE
Hindustan Zinc Limited HINDZINC ₹568.10 ₹624.91 +10% vs NICE
Western Mining Co 601168 ¥27.56 ¥30.32 +10% vs NICE
Boliden AB BOL kr 503.40 kr 464.45 −8% vs NICE
BHP Group BHP A$57.62 A$47.45 −18% vs NICE
Zhejiang Huayou Cobalt Co 603799 ¥33.04 ¥25.57 −23% vs NICE
Korea Zinc Company 010130 960,000 KRW 649,125 KRW −32% vs NICE
CMOC Group 603993 ¥13.29 ¥6.82 −49% vs NICE
China Tungsten And Hightech Materials Co 000657 ¥38.65 ¥4.44 −89% vs NICE

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Adhi Kartiko Pratama Tbk.: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Adhi Kartiko Pratama Tbk. Fair Value". https://www.fairvalue-calculator.com/stock/NICE

Frequently asked questions

Is Adhi Kartiko Pratama Tbk. (NICE) overvalued or undervalued?
As of Nov 2, 2026, our model estimates a fair value of 368.00 IDR versus a price of 230.00 IDR, about +60% upside (undervalued).
What is the fair value of NICE?
Our model-based fair value for Adhi Kartiko Pratama Tbk. is 368.00 IDR (as of Nov 2, 2026), built from audited fundamentals. The current price: 230.00 IDR.
What is the quality score of NICE?
Adhi Kartiko Pratama Tbk. has a Quality Score of 45/100. 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 Adhi Kartiko Pratama Tbk. (NICE)?
Our model-based price target is the fair value of 368.00 IDR (as of Nov 2, 2026) from 6 valuation models. Cautious scenario 310.05 IDR, optimistic scenario 425.15 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Adhi Kartiko Pratama Tbk. stock forecast for 2026?
Our models put fair value at 368.00 IDR, about +60% upside versus a price of 230.00 IDR (undervalued). Cautious scenario 310.05 IDR, optimistic scenario 425.15 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Adhi Kartiko Pratama Tbk. (NICE)?
Adhi Kartiko Pratama Tbk. reported trailing-twelve-month revenue of about 1.7T IDR (latest available figure, as of Nov 2, 2026).
What is the intrinsic value of Adhi Kartiko Pratama Tbk. (NICE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Adhi Kartiko Pratama Tbk. it is 368.00 IDR per share (as of Nov 2, 2026), against a price of 230.00 IDR. It is the blended result of 6 valuation models in 4 families (Earnings-Based, Multiples, Asset-Based, Economic Profit).
Is Adhi Kartiko Pratama Tbk. stock overvalued or undervalued in 2026?
As of Nov 2, 2026, NICE trades below its calculated fair value: price 230.00 IDR, fair value 368.00 IDR, a gap of about +60% (undervalued). 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 NICE?
No. The price is what the market pays today (230.00 IDR); the fair value is what the company's own numbers justify (368.00 IDR). For Adhi Kartiko Pratama Tbk. the two are 138.00 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Adhi Kartiko Pratama Tbk. worth?
The market values Adhi Kartiko Pratama Tbk. at about 1.4T IDR (market capitalisation, as of Nov 2, 2026). Per share that is 230.00 IDR; our models calculate a fair value of 368.00 IDR per share.
What do the bullish and bearish scenarios say about NICE?
Our models span a range for Adhi Kartiko Pratama Tbk.: cautious scenario 310.05 IDR, base 368.00 IDR, optimistic 425.15 IDR per share (as of Nov 2, 2026, price 230.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Adhi Kartiko Pratama Tbk. (NICE)?
Balance-sheet figures for Adhi Kartiko Pratama Tbk. (as of Nov 2, 2026): return on equity 16.8%. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is NICE from its 52-week high?
Adhi Kartiko Pratama Tbk. trades at 230.00 IDR, about 52% below its 52-week high of 480.00 IDR and 1% above the low of 228.00 IDR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 368.00 IDR is for.
Which stocks are comparable to Adhi Kartiko Pratama Tbk.?
From the same area (Basic Materials) we also value BHP Group, Saudi Arabian Mining Company, CMOC Group, Hindustan Zinc Limited, 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 Adhi Kartiko Pratama Tbk. stock attractive at the current price?
The data as of Nov 2, 2026: price 230.00 IDR, calculated fair value 368.00 IDR (+60%), Quality Score 45/100, from 6 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 NICE calculated?
We run Adhi Kartiko Pratama Tbk. through 6 models from 4 families: Earnings-Based, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 368.00 IDR builds on their evidence-weighted average, 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 13.0% above its aggregate fair value. Adhi Kartiko Pratama Tbk. currently trades 38% below its own fair value, and the market average says nothing about that. 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 Adhi Kartiko Pratama Tbk. (NICE)?
The closing price on Nov 6, 2026 was 230.00 IDR. Our model-based fair value is 368.00 IDR, about +60% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Adhi Kartiko Pratama Tbk. right now?
The large discount to fair value meets weak quality (45/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (310.05 IDR). The market is more pessimistic than our downside scenario. 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 Adhi Kartiko Pratama Tbk.

How large is the market capitalisation of Adhi Kartiko Pratama Tbk. (NICE)?
The market capitalisation of Adhi Kartiko Pratama Tbk. is 1.4T IDR (≈ $77.3M). 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 Adhi Kartiko Pratama Tbk. (NICE)?
The price-to-sales ratio of Adhi Kartiko Pratama Tbk. is 1.00 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Adhi Kartiko Pratama Tbk. (NICE)?
Earnings per share at Adhi Kartiko Pratama Tbk. are −2.87 IDR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Adhi Kartiko Pratama Tbk. (NICE)?
The net margin of Adhi Kartiko Pratama Tbk. is −2.3% (fiscal year 2026). 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 Adhi Kartiko Pratama Tbk. (NICE)?
The return on equity (ROE) of Adhi Kartiko Pratama Tbk. is 16.8% (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 Adhi Kartiko Pratama Tbk. (NICE)?
On an EBIT basis the return on assets of Adhi Kartiko Pratama Tbk. is 30.5% (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 Adhi Kartiko Pratama Tbk. (NICE)?
The operating margin of Adhi Kartiko Pratama Tbk. is 27.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Adhi Kartiko Pratama Tbk. (NICE)?
Revenue at Adhi Kartiko Pratama Tbk. is growing +174% versus a year earlier (3y avg +10.7%). 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 Adhi Kartiko Pratama Tbk. (NICE)?
Earnings per share at Adhi Kartiko Pratama Tbk. are growing +167% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Adhi Kartiko Pratama Tbk. (NICE) generate?
The free cash flow of Adhi Kartiko Pratama Tbk. is −113B IDR (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Adhi Kartiko Pratama Tbk. (NICE) carry?
The net debt of Adhi Kartiko Pratama Tbk. is 122B IDR (fiscal year 2026). 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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