PT Aspirasi Hidup Indonesia Tbk

DB:4AH1 Stock Report

Market Cap: €498.8m

Aspirasi Hidup Indonesia Valuation

Is 4AH1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 4AH1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€0.072
Fair Value
71.6% undervalued intrinsic discount
13
Number of Analysts

Below Fair Value: 4AH1 (€0.02) is trading below our estimate of fair value (€0.07)

Significantly Below Fair Value: 4AH1 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 4AH1?

Key metric: As 4AH1 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 4AH1. This is calculated by dividing 4AH1's market cap by their current earnings.
What is 4AH1's PE Ratio?
PE Ratio11.3x
EarningsRp828.82b
Market CapRp9.33t

Price to Earnings Ratio vs Peers

How does 4AH1's PE Ratio compare to its peers?

The above table shows the PE ratio for 4AH1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.7x
HBH HORNBACH Holding KGaA
10.2x1.1%€1.6b
HBM HORNBACH Baumarkt
19.6xn/a€2.1b
DOU Douglas
9.2x17.3%€1.1b
CEC Ceconomy
19.9x42.0%€1.5b
4AH1 Aspirasi Hidup Indonesia
11.3x12.1%€9.3t

Price-To-Earnings vs Peers: 4AH1 is good value based on its Price-To-Earnings Ratio (11.3x) compared to the peer average (14.7x).

Price to Earnings Ratio vs Industry

How does 4AH1's PE Ratio compare vs other companies in the European Specialty Retail Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
4AH1 11.3xIndustry Avg. 19.3xNo. of Companies14PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 4AH1 is good value based on its Price-To-Earnings Ratio (11.3x) compared to the European Specialty Retail industry average (19.3x).

Price to Earnings Ratio vs Fair Ratio

What is 4AH1'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.

4AH1 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.3x
Fair PE Ratio23.5x

Price-To-Earnings vs Fair Ratio: 4AH1 is good value based on its Price-To-Earnings Ratio (11.3x) compared to the estimated Fair Price-To-Earnings Ratio (23.5x).

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 4AH1 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.021
€0.037
+80.6%
23.3%€0.052€0.025n/a13
May ’26€0.021
€0.038
+80.2%
26.1%€0.058€0.025n/a12
Apr ’26€0.03
€0.054
+79.5%
17.4%€0.067€0.036n/a12
Mar ’26€0.032
€0.057
+77.3%
15.1%€0.07€0.038n/a13
Feb ’26€0.04
€0.058
+44.5%
14.4%€0.071€0.039n/a14
Jan ’26€0.043
€0.057
+32.0%
16.7%€0.071€0.036n/a16
Dec ’25€0.038
€0.057
+50.2%
16.7%€0.072€0.036n/a16
Nov ’25€0.045
€0.056
+24.6%
17.0%€0.071€0.036n/a16
Oct ’25€0.045
€0.055
+23.3%
15.8%€0.071€0.035n/a17
Sep ’25€0.035
€0.054
+57.5%
16.2%€0.07€0.034n/a17
Aug ’25€0.038
€0.055
+45.3%
17.1%€0.068€0.034n/a17
Jul ’25€0.041
€0.055
+36.2%
17.2%€0.068€0.034n/a17
Jun ’25€0.04
€0.055
+39.4%
17.1%€0.069€0.034n/a17
May ’25€0.045
€0.055
+20.1%
17.3%€0.069€0.034€0.02116
Apr ’25€0.044
€0.051
+15.3%
16.1%€0.071€0.035€0.0315
Mar ’25€0.041
€0.052
+26.5%
16.7%€0.07€0.035€0.03216
Feb ’25€0.043
€0.052
+20.6%
16.7%€0.07€0.035€0.0416
Jan ’25€0.034
€0.052
+54.0%
16.0%€0.066€0.035€0.04315
Dec ’24€0.035
€0.052
+45.2%
16.5%€0.066€0.035€0.03814
Nov ’24€0.04
€0.049
+24.2%
21.0%€0.065€0.029€0.04513
Oct ’24€0.038
€0.049
+30.1%
20.8%€0.067€0.03€0.04513
Sep ’24€0.036
€0.048
+32.9%
18.9%€0.066€0.03€0.03514
Aug ’24€0.035
€0.043
+22.1%
22.1%€0.059€0.028€0.03813
Jul ’24€0.034
€0.041
+21.6%
30.3%€0.07€0.026€0.04114
Jun ’24€0.032
€0.041
+28.6%
29.2%€0.072€0.026€0.0415
May ’24€0.02
€0.036
+79.1%
30.4%€0.071€0.023€0.04514
AnalystConsensusTarget
Consensus Narrative from 13 Analysts
€0.026
Fair Value
21.3% undervalued intrinsic discount
13
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/07 23:44
End of Day Share Price 2025/05/07 00:00
Earnings2025/03/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

PT Aspirasi Hidup Indonesia Tbk is covered by 30 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Swati ChopraBofA Global Research
Hadi SoegiartoCGS International
Baruna ArkasatyoCGS International