PT Astra International Tbk

DB:ASJA Stock Report

Market Cap: €12.0b

Astra International Valuation

Is ASJA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ASJA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ASJA (€0.28) is trading below our estimate of fair value (€0.38)

Significantly Below Fair Value: ASJA is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ASJA?

Key metric: As ASJA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ASJA. This is calculated by dividing ASJA's market cap by their current earnings.
What is ASJA's PE Ratio?
PE Ratio5.9x
EarningsRp34.00t
Market CapRp199.99t

Price to Earnings Ratio vs Peers

How does ASJA's PE Ratio compare to its peers?

The above table shows the PE ratio for ASJA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.5x
SIE Siemens
18.3x6.0%€146.0b
MBB MBB
23.6x23.1%€571.1m
INH INDUS Holding
8.5x16.1%€526.2m
KBX Knorr-Bremse
19.7x10.8%€11.8b
ASJA Astra International
5.9x0.3%€200.0t

Price-To-Earnings vs Peers: ASJA is good value based on its Price-To-Earnings Ratio (5.9x) compared to the peer average (17.5x).

Price to Earnings Ratio vs Industry

How does ASJA's PE Ratio compare vs other companies in the European Industrials Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ASJA 5.9xIndustry Avg. 16.5xNo. of Companies5PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ASJA is good value based on its Price-To-Earnings Ratio (5.9x) compared to the European Industrials industry average (16.8x).

Price to Earnings Ratio vs Fair Ratio

What is ASJA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ASJA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.9x
Fair PE Ratio18.2x

Price-To-Earnings vs Fair Ratio: ASJA is good value based on its Price-To-Earnings Ratio (5.9x) compared to the estimated Fair Price-To-Earnings Ratio (18.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ASJA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.28
€0.36
+27.0%
9.7%€0.44€0.29n/a23
Nov ’25€0.32
€0.35
+9.0%
10.2%€0.44€0.29n/a23
Oct ’25€0.30
€0.35
+17.0%
10.9%€0.44€0.26n/a24
Sep ’25€0.29
€0.33
+15.5%
13.7%€0.43€0.23n/a24
Aug ’25€0.26
€0.33
+27.4%
15.4%€0.43€0.22n/a25
Jul ’25€0.25
€0.33
+33.8%
15.2%€0.43€0.22n/a24
Jun ’25€0.25
€0.34
+35.7%
14.9%€0.43€0.22n/a24
May ’25€0.28
€0.35
+24.6%
15.0%€0.43€0.25n/a23
Apr ’25€0.31
€0.36
+16.0%
15.4%€0.45€0.26n/a22
Mar ’25€0.29
€0.36
+25.8%
14.5%€0.45€0.27n/a22
Feb ’25€0.29
€0.39
+34.8%
16.2%€0.50€0.27n/a23
Jan ’25€0.32
€0.42
+32.9%
10.3%€0.50€0.32n/a19
Dec ’24€0.32
€0.42
+32.7%
10.5%€0.50€0.32n/a17
Nov ’24€0.33
€0.44
+31.6%
10.2%€0.51€0.33€0.3217
Oct ’24€0.37
€0.46
+24.8%
8.0%€0.51€0.34€0.3016
Sep ’24€0.38
€0.46
+20.2%
4.3%€0.51€0.42€0.2916
Aug ’24€0.40
€0.45
+13.3%
4.7%€0.51€0.42€0.2617
Jul ’24€0.40
€0.46
+13.9%
8.6%€0.58€0.40€0.2518
Jun ’24€0.39
€0.46
+19.5%
9.8%€0.59€0.39€0.2518
May ’24€0.42
€0.45
+6.0%
12.1%€0.59€0.31€0.2819
Apr ’24€0.36
€0.45
+25.7%
12.1%€0.58€0.31€0.3119
Mar ’24€0.37
€0.46
+24.3%
12.4%€0.59€0.31€0.2920
Feb ’24€0.35
€0.45
+27.2%
12.7%€0.58€0.31€0.2919
Jan ’24€0.33
€0.46
+39.2%
13.2%€0.58€0.30€0.3219
Dec ’23€0.37
€0.47
+25.7%
12.6%€0.58€0.31€0.3219
Nov ’23€0.41
€0.52
+26.3%
12.0%€0.63€0.33€0.3319

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Discover undervalued companies

Fomento de Construcciones y Contratas

€4.1b

Engages in the environmental services, water management, infrastructure development, and real estate businesses in Europe and internationally.

FCC

€8.43

7D

-3.9%

1Y

-29.4%

Toyo Tanso

JP¥100.2b

Engages in the production and sale of carbon materials in Japan and internationally.

T9T

JP¥28.60

7D

-3.4%

1Y

7.5%

Finning International

CA$5.3b

Sells, services, and rents heavy equipment, engines, and related products in Canada, Chile, Bolivia, the United Kingdom, Argentina, Ireland, and internationally.

CIH

CA$25.60

7D

-7.9%

1Y

5.8%