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PT Adhi Karya (Persero) Tbk (ADHI.JK)

IDR163.00 +1.00 (+0.62%)
ID JKT Industrials Engineering & Construction
Address Jalan Raya Pasar Minggu Km. 18 12510
Jakarta, JK, ID
CEO Entus Asnawi Mukhson
Website adhi.co.id
IPO 2004-03-18
ISIN ID1000097207

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Description

PT Adhi Karya (Persero) Tbk engages in the construction service businesses in Indonesia. It operates through The Engineering and Construction; Property and Hospitality; Manufacturing; and Investments and Concessions segments. The Engineering and Construction segment consists civil engineering sectors, including road construction, bridges, ports, docks, dams, clean water, and waste management buildings; construction of buildings; work on railway stations; and industrial and petrochemical, electrical, telecommunication, oil, agro, mechanical, and electrical work. The Property and Hospitality segment engages in developing residential designs; high-rise building areas for commercial, office, residential apartments, and hotels; and residential areas, landed houses, office houses, shop houses, and shopping centers in land development. The Manufacturing segment produces ready mix and precast concrete products. The Investments and Concessions segment is involved in the infrastructure investment activities. In addition, the company engages in the drinking water and mineral water industry, as well as real estate. The company was formerly known as PN Adhi Karya and changed its name to PT Adhi Karya (Persero) Tbk in 1974. PT Adhi Karya (Persero) Tbk was founded in 1960 and is headquartered in Jakarta, Indonesia.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
IDR163.00 +1.00 (+0.62%)
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Volume Profile
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Liquidity & share structure
Average Volume
10M
Beta
0.27
Float Shares
2.99B
Free Float %
35.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.00% -1.96% +8.70% -15.25% -24.24% -26.47% -27.54% -47.92% -82.22% -92.09% +27.42%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
163.00
DCF (Levered) 149.31 -8.4%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2025-12 Change
Strong Buy 0 0
Buy 1 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
-0.33
Distress
Piotroski F-Score
3 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
2 / 5
Medium
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
5 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Engineering & Construction: +6.7%
    -27.6% Q1'26: -1.1% (vs Q1'25)
  • EPS growth Engineering & Construction: +20.8%
    -2,239.8% Q1'26: +48,520.7% (vs Q1'25)
  • FCF margin FCF growth · Engineering & Construction: +51.6%
    -57.9% Q1'26: -52.2% (vs Q1'25)
  • EBIT margin Engineering & Construction: +7.0%
    -50.2% Q1'26: +20.0% (vs Q1'25)
  • ROIC Engineering & Construction: +6.4%
    -52.8% Q1'26: +12.6% (vs Q1'25)
  • Share dilution Engineering & Construction: +0.0%
    +0.0% Q1'26: +0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Engineering & Construction: -0.38×
    -1.66× Q1'26: 5.71× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.38) × ERP
WACC = 17% × Ke + 83% × Kd (9.6%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 163.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
1 EPS Ana.
Dec 2027
1 Rev. Ana.
1 EPS Ana.
Revenue
9.39T
est: 10.21T (-8.0%)
11.06T
est: 11.64T (-5.0%)
15.16T
est: 15.72T (-3.6%)
15.66T
est: 16.86T (-7.1%)
15.31T
est: 16.40T (-6.7%)
10.83T
est: 12.64T (-14.3%)
11.53T
est: 11.51T (+0.2%)
13.55T
est: 14.11T (-4.0%)
20.07T
est: 19.40T (+3.5%)
13.35T
est: 14.14T (-5.6%)
9.67T
est: 9.14T (+5.7%)
18.46T
18.46T – 18.46T
+101.9% YoY
19.44T
19.44T – 19.44T
+5.3% YoY
EBITDA
890.64B
est: 884.30B (+0.7%)
967.84B
est: 1.01T (-4.0%)
1.54T
est: 1.36T (+13.4%)
1.37T
est: 1.46T (-5.9%)
1.43T
est: 1.42T (+0.5%)
1.03T
est: 1.09T (-6.3%)
1.17T
est: 996.66B (+17.3%)
1.17T
est: 1.22T (-4.3%)
1.30T
est: -613.35B (+311.2%)
1.15T
est: -447.02B (+356.9%)
-4.80T
est: -289.11B (-1,559.4%)
-583.65B
-583.65B – -583.65B
-101.9% YoY
-614.70B
-614.70B – -614.70B
-5.3% YoY
EBIT
861.00B
est: 754.28B (+14.1%)
910.18B
est: 859.97B (+5.8%)
1.43T
est: 1.16T (+22.8%)
1.20T
est: 1.25T (-3.9%)
1.25T
est: 1.21T (+3.2%)
816.49B
est: 933.54B (-12.5%)
963.72B
est: 850.12B (+13.4%)
989.99B
est: 1.04T (-5.0%)
1.13T
est: -806.54B (+239.5%)
1.08T
est: -587.82B (+284.5%)
-4.85T
est: -380.18B (-1,175.9%)
-767.48B
-767.48B – -767.48B
-101.9% YoY
-808.32B
-808.32B – -808.32B
-5.3% YoY
Net Income
463.69B
est: 1.23T (-62.4%)
313.45B
est: 760.44B (-58.8%)
515.42B
est: 1.13T (-54.2%)
644.16B
est: 1.47T (-56.2%)
663.81B
est: 1.50T (-55.8%)
23.98B
est: 91.51B (-73.8%)
86.50B
est: 196.96B (-56.1%)
175.21B
est: 238.42B (-26.5%)
214.02B
est: 215.38B (-0.6%)
252.50B
est: 151.34B (+66.8%)
-5.40T
est: 227.63B (-2,473.3%)
244.28B
244.28B – 244.28B
+7.3% YoY
329.03B
329.03B – 329.03B
+34.7% YoY
SGA
128.12B
est: 234.93B (-45.5%)
177.98B
est: 267.85B (-33.6%)
230.32B
est: 361.78B (-36.3%)
268.47B
est: 387.85B (-30.8%)
281.41B
est: 377.35B (-25.4%)
203.81B
est: 290.77B (-29.9%)
168.36B
est: 264.79B (-36.4%)
257.14B
est: 324.72B (-20.8%)
878.80B
est: 451.34B (+94.7%)
251.77B
est: 328.94B (-23.5%)
194.44B
est: 212.75B (-8.6%)
429.48B
429.48B – 429.48B
+101.9% YoY
452.34B
452.34B – 452.34B
+5.3% YoY
EPS
124.48
est: 146.52 (-15.0%)
80.60
est: 90.45 (-10.9%)
132.77
est: 133.81 (-0.8%)
165.64
est: 174.87 (-5.3%)
170.69
est: 178.53 (-4.4%)
6.17
est: 10.88 (-43.3%)
22.24
est: 23.43 (-5.1%)
40.09
est: 28.36 (+41.4%)
25.46
est: 25.62 (-0.6%)
30.03
est: 18.00 (+66.8%)
-642.58
est: 27.07 (-2,473.4%)
29.05
29.05 – 29.05
+7.3% YoY
39.13
39.13 – 39.13
+34.7% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-08 C 2/5 2/5 1/5 1/5 1/5 1/5 5/5
2026-05-07 C 2/5 2/5 1/5 1/5 1/5 1/5 5/5
2026-05-06 C 2/5 2/5 1/5 1/5 1/5 1/5 5/5
2026-05-05 C 2/5 2/5 1/5 1/5 1/5 1/5 5/5
2026-05-04 C 2/5 2/5 1/5 1/5 1/5 1/5 5/5
2026-04-30 C+ 2/5 4/5 1/5 1/5 1/5 1/5 5/5
2026-04-29 C 2/5 3/5 1/5 1/5 1/5 1/5 4/5
2026-04-28 C 2/5 3/5 1/5 1/5 1/5 1/5 4/5
2026-04-27 C 2/5 3/5 1/5 1/5 1/5 1/5 4/5
2026-04-24 C 2/5 3/5 1/5 1/5 1/5 1/5 4/5
2026-04-23 C 2/5 3/5 1/5 1/5 1/5 1/5 4/5
2026-04-22 C 2/5 3/5 1/5 1/5 1/5 1/5 4/5
2026-04-21 C 2/5 3/5 1/5 1/5 1/5 1/5 4/5
2026-04-20 C 2/5 3/5 1/5 1/5 1/5 1/5 4/5
2026-04-17 C 2/5 3/5 1/5 1/5 1/5 1/5 4/5
2026-04-16 C 2/5 3/5 1/5 1/5 1/5 1/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
945.33B
OE per share TTM
112.43
Owner's Yield
55.12%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
15.9%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 3 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Avantis Emerging Markets Small Cap Equity ETF AVEE 0.00% 3.0K 0.42%
2 Avantis Emerging Markets Equity ETF AVEM 0.00% 32.0K 0.33%
3 Dimensional World ex U.S. Core Equity 2 ETF DFAX 0.00% 13.7K 0.28%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
-2.95B
Shares Outstanding
8.41B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Entus Asnawi Mukhson President Director 3B
Moeharmein Zein Chaniago President Director 3B male
Alloysius Suko Widigdo Director of Operation II & Director 3B male
Ki Syahgolang Permata Director of Human Capital & Legal and Director male
Sir Maharani Siregar Head of Hotel Division
Tjatur Waskito Putro General Manager of Legal Department male
Vera Kirana Operational Director III & Director female
Adriyanto Karyo Utomo General Manager of Corporate Finance & Treasury Department male
Yan Arianto Director of Risk Management & System and Director
Bani Iqbal Director of Finance & Director
Harimawan Anhari Operational Director II & Director male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits