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Alkindo Naratama IDX:ALDO Stock Report

Last Price


Market Cap







27 May, 2022


Company Financials +
ALDO fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance5/6
Financial Health5/6

ALDO Stock Overview

PT Alkindo Naratama Tbk, together with its subsidiaries, produces and sells various convertible paper products in Indonesia.

Alkindo Naratama Competitors













Price History & Performance

Summary of all time highs, changes and price drops for Alkindo Naratama
Historical stock prices
Current Share PriceRp945.00
52 Week HighRp1,495.00
52 Week LowRp595.00
1 Month Change-1.05%
3 Month Change-14.48%
1 Year Change5.59%
3 Year Change166.95%
5 Year Change57.50%
Change since IPO278.00%

Recent News & Updates

Shareholder Returns

ALDOID PackagingID Market

Return vs Industry: ALDO underperformed the ID Packaging industry which returned 34.7% over the past year.

Return vs Market: ALDO underperformed the ID Market which returned 16.4% over the past year.

Price Volatility

Is ALDO's price volatile compared to industry and market?
ALDO volatility
ALDO Average Weekly Movement9.5%
Packaging Industry Average Movement6.0%
Market Average Movement6.2%
10% most volatile stocks in ID Market12.0%
10% least volatile stocks in ID Market2.9%

Stable Share Price: ALDO is more volatile than 75% of ID stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: ALDO's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of ID stocks.

About the Company

1989723Herwanto Sutanto

PT Alkindo Naratama Tbk, together with its subsidiaries, produces and sells various convertible paper products in Indonesia. It operates in two segments, Paper and Chemical. The Paper segment offers papercore products, such as standard cores for packaging films, stretch films, and paper mill industries; white paper core suitable for polypropylene film, polyethylene film, coated paper, and tissue paper; special seamless core to maintain quality of the surface and the characteristics of the goods; and prime coating core used to minimize the shape of lines in premium materials for the composition of paper film, PP film, PVC, BOPP, polyester, and foil industries.

Alkindo Naratama Fundamentals Summary

How do Alkindo Naratama's earnings and revenue compare to its market cap?
ALDO fundamental statistics
Market CapRp1.18t
Earnings (TTM)Rp75.86b
Revenue (TTM)Rp1.46t


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ALDO income statement (TTM)
Cost of RevenueRp1.17t
Gross ProfitRp291.41b
Other ExpensesRp215.56b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date


Earnings per share (EPS)58.30
Gross Margin20.00%
Net Profit Margin5.21%
Debt/Equity Ratio31.4%

How did ALDO perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio


Is Alkindo Naratama undervalued compared to its fair value and its price relative to the market?

Valuation Score


Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: ALDO (IDR945) is trading below our estimate of fair value (IDR2810.85)

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

Price To Earnings Ratio

PE vs Industry: ALDO is poor value based on its Price-To-Earnings Ratio (16.2x) compared to the ID Packaging industry average (15x).

PE vs Market: ALDO is good value based on its Price-To-Earnings Ratio (16.2x) compared to the ID market (18.4x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ALDO's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: ALDO is overvalued based on its Price-To-Book Ratio (1.8x) compared to the ID Packaging industry average (0.9x).

Future Growth

How is Alkindo Naratama forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if ALDO's forecast earnings growth is above the savings rate (7%).

Earnings vs Market: Insufficient data to determine if ALDO's earnings are forecast to grow faster than the ID market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ALDO's revenue (9.8% per year) is forecast to grow slower than the ID market (11.4% per year).

High Growth Revenue: ALDO's revenue (9.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ALDO's Return on Equity is forecast to be low in 3 years time (16.5%).

Past Performance

How has Alkindo Naratama performed over the past 5 years?

Past Performance Score


Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ALDO has high quality earnings.

Growing Profit Margin: ALDO's current net profit margins (5.2%) are higher than last year (4.6%).

Past Earnings Growth Analysis

Earnings Trend: ALDO's earnings have grown significantly by 36.5% per year over the past 5 years.

Accelerating Growth: ALDO's earnings growth over the past year (50%) exceeds its 5-year average (36.5% per year).

Earnings vs Industry: ALDO earnings growth over the past year (50%) exceeded the Packaging industry 23.1%.

Return on Equity

High ROE: ALDO's Return on Equity (14.3%) is considered low.

Financial Health

How is Alkindo Naratama's financial position?

Financial Health Score


Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ALDO's short term assets (IDR710.2B) exceed its short term liabilities (IDR387.9B).

Long Term Liabilities: ALDO's short term assets (IDR710.2B) exceed its long term liabilities (IDR119.5B).

Debt to Equity History and Analysis

Debt Level: ALDO's net debt to equity ratio (17.7%) is considered satisfactory.

Reducing Debt: ALDO's debt to equity ratio has increased from 27.2% to 31.4% over the past 5 years.

Debt Coverage: ALDO's debt is well covered by operating cash flow (33.4%).

Interest Coverage: ALDO's interest payments on its debt are well covered by EBIT (11.5x coverage).

Balance Sheet


What is Alkindo Naratama current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ALDO's dividend (0.16%) isn’t notable compared to the bottom 25% of dividend payers in the ID market (1.14%).

High Dividend: ALDO's dividend (0.16%) is low compared to the top 25% of dividend payers in the ID market (4.16%).

Stability and Growth of Payments

Stable Dividend: ALDO is not paying a notable dividend for the ID market, therefore no need to check if payments are stable.

Growing Dividend: ALDO is not paying a notable dividend for the ID market, therefore no need to check if payments are increasing.

Earnings Payout to Shareholders

Earnings Coverage: ALDO is not paying a notable dividend for the ID market.

Cash Payout to Shareholders

Cash Flow Coverage: ALDO is paying a dividend but the company has no free cash flows.

Discover strong dividend paying companies


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


Average management tenure


Herwanto Sutanto (65 yo)



Mr. Herwanto Sutanto has been the President Director at PT Alkindo Naratama Tbk since 2012.

Leadership Team

Experienced Management: ALDO's management team is seasoned and experienced (10.3 years average tenure).

Board Members

Experienced Board: ALDO's board of directors are seasoned and experienced ( 11.2 years average tenure).


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 been diluted in the past year, with total shares outstanding growing by 19.3%.

Top Shareholders

Company Information

PT Alkindo Naratama Tbk's employee growth, exchange listings and data sources

Key Information

  • Name: PT Alkindo Naratama Tbk
  • Ticker: ALDO
  • Exchange: IDX
  • Founded: 1989
  • Industry: Paper Packaging
  • Sector: Materials
  • Implied Market Cap: Rp1.178t
  • Shares outstanding: 1.30b
  • Website:

Number of Employees


  • PT Alkindo Naratama Tbk
  • West Bandung Regency
  • Padalarang
  • Bandung
  • Jawa Barat
  • 40553
  • Indonesia


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/27 00:00
End of Day Share Price2022/05/27 00:00
Annual Earnings2021/12/31

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.