Company Valuation: PT Aspirasi Hidup Indonesia Tbk

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 21,914,099 8,491,713 12,326,681 13,525,108 7,019,360 5,855,173 - -
Change - -61.25% 45.16% 9.72% -48.1% -16.59% - -
Enterprise Value (EV) 1 20,205 7,067 10,889 12,570 5,782 5,084 5,254 5,479
Change - -65.02% 54.1% 15.43% -54% -12.07% 3.34% 4.29%
P/E 31.1x 12.8x 16.1x 15.2x 10.5x 8.04x 7.17x 6.72x
PBR 4x 1.44x 2.01x 2.09x 1.08x 0.86x 0.83x 0.79x
PEG - -2.24x 1.1x 0.9x -0.4x 0.87x 0.6x 0.99x
Capitalization / Revenue 3.35x 1.26x 1.62x 1.58x 0.81x 0.62x 0.58x 0.53x
EV / Revenue 3.09x 1.04x 1.43x 1.46x 0.67x 0.54x 0.52x 0.49x
EV / EBITDA 16.3x 5.84x 8.08x 8.2x 3.99x 4.07x 3.66x 3.73x
EV / EBIT 25.6x 9.46x 12.6x 12.3x 9.24x 6.16x 5.45x 5.49x
EV / FCF 16.5x 13.8x 8.88x 20.8x 3.96x 12.8x 9.79x 9.46x
FCF Yield 6.04% 7.24% 11.3% 4.81% 25.2% 7.8% 10.2% 10.6%
Dividend per Share 3 32.15 - 31.06 - - 28.98 32.44 32.77
Rate of return 2.51% - 4.31% - - 8.47% 9.48% 9.58%
EPS 3 41.18 38.83 44.63 51.97 38.96 42.54 47.68 50.9
Distribution rate 78.1% - 69.6% - - 68.1% 68% 64.4%
Net sales 1 6,543 6,763 7,612 8,583 8,639 9,432 10,163 11,135
EBITDA 1 1,236 1,210 1,347 1,533 1,449 1,250 1,436 1,467
EBIT 1 787.7 746.7 863.1 1,024 625.6 825.6 963.9 998.4
Net income 1 704.4 664.3 763.5 892 668.7 728.3 816.8 872.7
Net Debt 1 -1,709 -1,425 -1,437 -955 -1,237 -771 -601.4 -376.1
Reference price 3 1,280.00 496.00 720.00 790.00 410.00 342.00 342.00 342.00
Nbr of stocks (in thousands) 17,120,390 17,120,390 17,120,390 17,120,390 17,120,390 17,120,390 - -
Announcement Date 3/30/22 3/31/23 4/1/24 4/2/25 3/31/26 - - -
1IDR in Million2IDR in Billions3IDR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.17x2.02x13.51x3.22% 293B
15.92x1.53x10.91x2.6% 106B
12.83x0.56x5.28x3.79% 7.16B
18.61x2.29x8.97x6.22% 3B
19.05x1.92x11.45x2.84% 2.75B
13.36x1.45x8.23x6.14% 2.39B
13.94x - - - 2.13B
8.97x0.39x4.96x3.01% 1.51B
Average 15.36x 1.45x 9.04x 3.97% 52.21B
Weighted average by Cap. 18.83x 1.86x 12.59x 3.11%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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  5. Valuation PT Aspirasi Hidup Indonesia Tbk