DB:4AH1

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Ace Hardware Indonesia

Executive Summary

PT Ace Hardware Indonesia Tbk engages in the retail of household appliances and lifestyle products in Indonesia.


Snowflake Analysis

Flawless balance sheet with proven track record and pays a dividend.

Share Price & News

How has Ace Hardware Indonesia's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 4AH1's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

7.7%

4AH1

3.0%

DE Specialty Retail

0.05%

DE Market


1 Year Return

-17.3%

4AH1

-0.07%

DE Specialty Retail

3.4%

DE Market

Return vs Industry: 4AH1 underperformed the German Specialty Retail industry which returned 0.8% over the past year.

Return vs Market: 4AH1 underperformed the German Market which returned 4.5% over the past year.


Shareholder returns

4AH1IndustryMarket
7 Day7.7%3.0%0.05%
30 Day11.0%9.5%5.5%
90 Day36.8%27.2%19.9%
1 Year-17.3%-17.3%0.2%-0.07%5.7%3.4%
3 Year39.0%33.8%-19.7%-23.8%3.4%-4.7%
5 Year158.6%139.5%-12.5%-55.5%10.4%-4.5%

Price Volatility Vs. Market

How volatile is Ace Hardware Indonesia's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Ace Hardware Indonesia undervalued compared to its fair value and its price relative to the market?

27.37x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 4AH1 (€0.09) is trading above our estimate of fair value (€0.03)

Significantly Below Fair Value: 4AH1 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 4AH1 is poor value based on its PE Ratio (27.4x) compared to the XE Specialty Retail industry average (13.3x).

PE vs Market: 4AH1 is poor value based on its PE Ratio (27.4x) compared to the German market (21.2x).


Price to Earnings Growth Ratio

PEG Ratio: 4AH1 is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: 4AH1 is overvalued based on its PB Ratio (5.8x) compared to the DE Specialty Retail industry average (1x).


Next Steps

Future Growth

How is Ace Hardware Indonesia forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

15.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 4AH1's forecast earnings growth (15.4% per year) is above the savings rate (0.2%).

Earnings vs Market: 4AH1's earnings (15.4% per year) are forecast to grow slower than the German market (22.3% per year).

High Growth Earnings: 4AH1's earnings are forecast to grow, but not significantly.

Revenue vs Market: 4AH1's revenue (10.7% per year) is forecast to grow faster than the German market (5.9% per year).

High Growth Revenue: 4AH1's revenue (10.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 4AH1's Return on Equity is forecast to be low in 3 years time (19.5%).


Next Steps

Past Performance

How has Ace Hardware Indonesia performed over the past 5 years?

14.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 4AH1 has high quality earnings.

Growing Profit Margin: 4AH1's current net profit margins (12.6%) are lower than last year (13.1%).


Past Earnings Growth Analysis

Earnings Trend: 4AH1's earnings have grown by 14.1% per year over the past 5 years.

Accelerating Growth: 4AH1's earnings growth over the past year (4.7%) is below its 5-year average (14.1% per year).

Earnings vs Industry: 4AH1 earnings growth over the past year (4.7%) exceeded the Specialty Retail industry -4.6%.


Return on Equity

High ROE: 4AH1's Return on Equity (21.3%) is considered high.


Next Steps

Financial Health

How is Ace Hardware Indonesia's financial position?


Financial Position Analysis

Short Term Liabilities: 4AH1's short term assets (IDR4,608.3B) exceed its short term liabilities (IDR786.9B).

Long Term Liabilities: 4AH1's short term assets (IDR4,608.3B) exceed its long term liabilities (IDR1,306.4B).


Debt to Equity History and Analysis

Debt Level: 4AH1's debt to equity ratio (0.07%) is considered satisfactory.

Reducing Debt: 4AH1's debt to equity ratio has reduced from 1.3% to 0.07% over the past 5 years.

Debt Coverage: 4AH1's debt is well covered by operating cash flow (41738.3%).

Interest Coverage: 4AH1 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Ace Hardware Indonesia current dividend yield, its reliability and sustainability?

1.71%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 4AH1's dividend (1.71%) is higher than the bottom 25% of dividend payers in the German market (1.24%).

High Dividend: 4AH1's dividend (1.71%) is low compared to the top 25% of dividend payers in the German market (3.77%).


Stability and Growth of Payments

Stable Dividend: 4AH1's dividend payments have been volatile in the past 10 years.

Growing Dividend: 4AH1's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (46.9%), 4AH1's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 4AH1's dividends in 3 years are forecast to be well covered by earnings (46.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

17.5yrs

Average management tenure


CEO

Prabowo Widya krisnadi (58yo)

24.5yrs

Tenure

Mr. Prabowo Widya Krisnadi has been President Director of PT Ace Hardware Indonesia Tbk since 1996 and serves as its a Director. 


Leadership Team

NamePositionTenureCompensationOwnership
Prabowo Widya krisnadi
President Director24.5yrsno datano data
Hartanto Djasman
Finance Directorno datano datano data
Tarisa Widyakrisnadi
Merchandising & Operational Director and Directorno datano datano data
Helen Tanzil
Head of Investor Relations Division & Corporate Secretary10.67yrsno datano data
Petrus Prakoso
Head of Internal Audit19.5yrsno datano data
Sugiyanto Wibawa
Business Development Director & Directorno datano datano data

17.5yrs

Average Tenure

55yo

Average Age

Experienced Management: 4AH1's management team is seasoned and experienced (17.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Prabowo Widya krisnadi
President Director24.5yrsno datano data
Hartanto Djasman
Finance Directorno datano datano data
Tarisa Widyakrisnadi
Merchandising & Operational Director and Directorno datano datano data
Sugiyanto Wibawa
Business Development Director & Directorno datano datano data
Teddy Setiawan
Independent Commissioner8.17yrsno datano data
Kuncoro Wibowo
President Commissioner25.5yrsno data0.00058% IDR9.8k
Ijek Widyakrisnadi
Commissioner25.5yrsno datano data
Tni Tarub
Independent Commissioner12.5yrsno datano data

24.5yrs

Average Tenure

62.5yo

Average Age

Experienced Board: 4AH1's board of directors are seasoned and experienced ( 24.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

PT Ace Hardware Indonesia Tbk's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PT Ace Hardware Indonesia Tbk
  • Ticker: 4AH1
  • Exchange: DB
  • Founded: 1995
  • Industry: Home Improvement Retail
  • Sector: Retail
  • Market Cap: Rp28.207t
  • Listing Market Cap: Rp1.697b
  • Shares outstanding: 17.10b
  • Website: https://www.acehardware.co.id

Number of Employees


Location

  • PT Ace Hardware Indonesia Tbk
  • Kawan Lama Building
  • 5th floor
  • Jakarta
  • Jakarta Raya
  • 11610
  • Indonesia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ACESIDX (Indonesia Stock Exchange)YesOrdinary SharesIDIDRNov 2007
ACEH.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 2007
4AH1DB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 2007

Biography

PT Ace Hardware Indonesia Tbk engages in the retail of household appliances and lifestyle products in Indonesia. It operates through Home Improvement Products, Lifestyle Products, and Toy Products segments. As of December 31, 2019, it operated 197 retail outlets located in Jakarta, Tangerang, Cilegon, Bekasi, Karawang, Bogor, Depok, Cirebon, Bandung, Sumedang, Tasikmalaya, Gresik, Yogyakarta, Semarang, Solo, Purwokerto, Tegal, Surabaya, Malang, Jember, Kediri, Madiun, Aceh, Bali, Medan, Batam, Padang, Pekan Baru, Palembang, Jambi, Bengkulu, Lampung, Balikpapan, Makassar, Banjarmasin, Pontianak, Manado, Maluku, Samarinda, Kupang, Lombok, Kendari dan, and Pangkal Pinang. The company was formerly known as PT Ace Indoritel Perkakas and changed its name to PT Ace Hardware Indonesia Tbk in August 2001. The company was founded in 1995 and is headquartered in Jakarta, Indonesia. PT Ace Hardware Indonesia Tbk is a subsidiary of PT Kawan Lama Sejahtera. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/14 21:21
End of Day Share Price2020/07/14 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.