Akasha Wira International Valuation

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

ADES (IDR9775) is trading above our estimate of [[fair value]] (IDR9182.93)

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: ADES (IDR9775) is trading above our estimate of fair value (IDR9182.93)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ADES. This is calculated by dividing ADES's market cap by their current earnings.
What is ADES's PE Ratio?
PE Ratio	13x
Earnings	Rp444.46b
Market Cap	Rp5.77t

ADES key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	3x
Enterprise Value/EBITDA	8.5x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ADES vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	21.4x
CLEO Sariguna Primatirta	33x	n/a	Rp14.7t
MLBI Multi Bintang Indonesia	12x	n/a	Rp13.6t
ROTI Nippon Indosari Corpindo	15.8x	15.0%	Rp5.6t
DMND Diamond Food Indonesia	24.9x	n/a	Rp7.6t
ADES Akasha Wira International	13x	n/a	Rp5.8t

Price-To-Earnings vs Peers: ADES is good value based on its Price-To-Earnings Ratio (13x) compared to the peer average (21.4x).

Price to Earnings Ratio vs Industry

How does ADES's PE Ratio compare vs other companies in the Asian Beverage Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: ADES is good value based on its Price-To-Earnings Ratio (13x) compared to the Asian Beverage industry average (19x).

Price to Earnings Ratio vs Fair Ratio

What is ADES'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.

ADES PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	13x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ADES's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.

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