PT Ace Hardware Indonesia Tbk

IDX:ACES Stock Report

Market Cap: Rp15.6t

Ace Hardware Indonesia Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: ACES (IDR910) is trading above our estimate of fair value (IDR537.44)

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


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

ACES 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/Revenue1.9x
Enterprise Value/EBITDA12.3x
PEG Ratio1.6x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ACES vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.8x
DEPO Caturkarda Depo Bangunan
30.1xn/aRp2.6t
ERAA Erajaya Swasembada
7.5x16.8%Rp6.2t
TOOL Rohartindo Nusantara Luas
4.1xn/aRp123.0b
MAPA Map Aktif Adiperkasa
17.3x14.8%Rp24.1t
ACES Ace Hardware Indonesia
20.4x13.1%Rp15.6t

Price-To-Earnings vs Peers: ACES is expensive based on its Price-To-Earnings Ratio (20.4x) compared to the peer average (14.8x).


Price to Earnings Ratio vs Industry

How does ACES's PE Ratio compare vs other companies in the Asian Specialty Retail Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a15.2%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a15.2%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: ACES is expensive based on its Price-To-Earnings Ratio (20.4x) compared to the Asian Specialty Retail industry average (16.1x).


Price to Earnings Ratio vs Fair Ratio

What is ACES'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.

ACES PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.4x
Fair PE Ratio12.4x

Price-To-Earnings vs Fair Ratio: ACES is expensive based on its Price-To-Earnings Ratio (20.4x) compared to the estimated Fair Price-To-Earnings Ratio (12.4x).


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 ACES forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRp910.00
Rp940.31
+3.3%
17.8%Rp1,200.00Rp590.00n/a16
Apr ’25Rp910.00
Rp871.53
-4.2%
16.1%Rp1,200.00Rp590.00n/a15
Mar ’25Rp825.00
Rp886.44
+7.4%
16.7%Rp1,200.00Rp590.00n/a16
Feb ’25Rp855.00
Rp886.44
+3.7%
16.7%Rp1,200.00Rp590.00n/a16
Jan ’25Rp720.00
Rp872.87
+21.2%
16.0%Rp1,110.00Rp585.00n/a15
Dec ’24Rp735.00
Rp868.21
+18.1%
16.5%Rp1,110.00Rp585.00n/a14
Nov ’24Rp795.00
Rp825.00
+3.8%
21.0%Rp1,100.00Rp490.00n/a13
Oct ’24Rp750.00
Rp811.92
+8.3%
20.8%Rp1,100.00Rp490.00n/a13
Sep ’24Rp740.00
Rp793.57
+7.2%
18.9%Rp1,100.00Rp490.00n/a14
Aug ’24Rp675.00
Rp711.92
+5.5%
22.1%Rp990.00Rp465.00n/a13
Jul ’24Rp675.00
Rp666.79
-1.2%
30.3%Rp1,150.00Rp420.00n/a14
Jun ’24Rp630.00
Rp649.67
+3.1%
29.2%Rp1,150.00Rp420.00n/a15
May ’24Rp450.00
Rp582.50
+29.4%
30.4%Rp1,150.00Rp375.00n/a14
Apr ’24Rp478.00
Rp622.14
+30.2%
33.1%Rp1,150.00Rp375.00Rp910.0014
Mar ’24Rp505.00
Rp614.67
+21.7%
32.7%Rp1,150.00Rp375.00Rp825.0015
Feb ’24Rp480.00
Rp623.13
+29.8%
31.7%Rp1,150.00Rp375.00Rp855.0016
Jan ’24Rp496.00
Rp665.29
+34.1%
27.1%Rp1,150.00Rp425.00Rp720.0017
Dec ’23Rp500.00
Rp818.82
+63.8%
36.2%Rp1,700.00Rp425.00Rp735.0017
Nov ’23Rp565.00
Rp890.00
+57.5%
31.6%Rp1,700.00Rp425.00Rp795.0016
Oct ’23Rp610.00
Rp1,031.11
+69.0%
28.9%Rp1,740.00Rp660.00Rp750.0018
Sep ’23Rp720.00
Rp1,076.47
+49.5%
26.7%Rp1,740.00Rp660.00Rp740.0017
Aug ’23Rp700.00
Rp1,171.84
+67.4%
22.0%Rp1,740.00Rp800.00Rp675.0019
Jul ’23Rp775.00
Rp1,236.05
+59.5%
19.3%Rp1,740.00Rp820.00Rp675.0019
Jun ’23Rp960.00
Rp1,277.05
+33.0%
19.8%Rp1,800.00Rp820.00Rp630.0022
May ’23Rp1,045.00
Rp1,378.75
+31.9%
18.0%Rp1,800.00Rp885.00Rp450.0020
Apr ’23Rp1,075.00
Rp1,406.60
+30.8%
16.0%Rp1,800.00Rp1,000.00Rp478.0020

Analyst Forecast: Target price is less than 20% higher than the current share price.


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