ARGO

Technical Signal Analysis ARGO

BUY

Relative Strength Index (RSI 14)

64.29 DISTRIBUTION (SELL)

Moving Average Crossover (20 vs 50)

SMA20: Rp 1,158 | SMA50: Rp 1,112 BULLISH (BUY)

Price Relative to SMA 20

Price: Rp 1,175 BULLISH (BUY)

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Riwayat Harga Triwulan (OHLC) ARGO

Periode / Triwulan	Buka (Open)	Tinggi (High)	Rendah (Low)	Tutup (Close)
2026
Triwulan 4 (Q4)	Tidak ada data
Triwulan 3 (Q3)	Rp 1.175	Rp 1.190	Rp 1.155	Rp 1.175
Triwulan 2 (Q2)	Rp 875	Rp 1.255	Rp 670	Rp 1.145
Triwulan 1 (Q1)	Rp 1.090	Rp 1.235	Rp 730	Rp 875
2025
Triwulan 4 (Q4)	Rp 1.030	Rp 1.890	Rp 915	Rp 1.105
Triwulan 3 (Q3)	Rp 1.300	Rp 1.480	Rp 930	Rp 1.055
Triwulan 2 (Q2)	Rp 635	Rp 2.100	Rp 600	Rp 1.320
Triwulan 1 (Q1)	Rp 735	Rp 800	Rp 575	Rp 630
2024
Triwulan 4 (Q4)	Rp 995	Rp 1.250	Rp 670	Rp 730
Triwulan 3 (Q3)	Rp 1.350	Rp 1.650	Rp 965	Rp 975
Triwulan 2 (Q2)	Rp 965	Rp 2.000	Rp 650	Rp 1.350
Triwulan 1 (Q1)	Rp 945	Rp 985	Rp 940	Rp 965
2023
Triwulan 4 (Q4)	Rp 840	Rp 1.000	Rp 840	Rp 950
Triwulan 3 (Q3)	Rp 525	Rp 895	Rp 525	Rp 840
Triwulan 2 (Q2)	Rp 500	Rp 510	Rp 450	Rp 510
Triwulan 1 (Q1)	Rp 900	Rp 900	Rp 478	Rp 500
2022
Triwulan 4 (Q4)	Rp 900	Rp 900	Rp 900	Rp 900
Triwulan 3 (Q3)	Rp 900	Rp 900	Rp 900	Rp 900
Triwulan 2 (Q2)	Rp 900	Rp 900	Rp 900	Rp 900
Triwulan 1 (Q1)	Rp 900	Rp 900	Rp 900	Rp 900
2021
Triwulan 4 (Q4)	Rp 900	Rp 900	Rp 900	Rp 900
Triwulan 3 (Q3)	Rp 900	Rp 900	Rp 900	Rp 900
Triwulan 2 (Q2)	Tidak ada data
Triwulan 1 (Q1)	Tidak ada data

Target Harga Konsensus ARGO BUY

Cons. (Konservatif) Rp 1.234 +5.0%

Mod. (Moderat) Rp 1.293 +10.0%

Agg. (Agresif) Rp 1.351 +15.0%

Board of Directors & Executives

Budi Salim

Direktur Utama (CEO)

Budi Setiawan

Direktur Keuangan (CFO)

Rudi Budiman

Direktur Operasional (COO)

Indra Hartono

Komisaris Utama (President Commissioner)

Rasio Fundamental Utama ARGO

Metrik / Tahun	2021	2022	2023	2024	2025
Current Ratio (%)	177,60%	192,50%	174,00%	138,70%	119,50%
Dividend (Rp)	38,91	32,66	23,98	22,31	31,38
EPS (Rp)	80,05	88,18	101,66	108,10	101,58
BV (Rp)	472,95	533,50	579,29	611,46	643,68
Price to Earnings (P/E)	9,5x	10,7x	10,1x	9,5x	11,7x
Price to Book Value (PBV)	1,6x	1,8x	1,8x	1,7x	1,9x
Debt to Asset (DAR)	0,42	0,43	0,45	0,47	0,46
Debt to Equity (DER)	0,72	0,75	0,82	0,88	0,86
ROA (%)	9,82%	9,42%	9,65%	9,37%	8,52%
ROE (%)	16,93%	16,53%	17,55%	17,68%	15,78%
GPM (%)	42,44%	46,36%	51,75%	53,65%	50,32%
OPM (%)	29,27%	31,97%	35,69%	37,00%	34,70%
NPM (%)	21,68%	23,68%	26,44%	27,41%	25,71%
Payout Ratio (%)	48,60%	37,03%	23,59%	20,64%	30,89%

Ringkasan Laporan Keuangan ARGO

Metrik Keuangan / Tahun	2021	2022	2023	2024	2025
Pendapatan (Revenue)	3,69 T	3,72 T	3,85 T	3,94 T	3,95 T
Laba Kotor (Gross Profit)	1,57 T	1,73 T	1,99 T	2,12 T	1,99 T
Laba Operasional (Operating Income)	1,08 T	1,19 T	1,37 T	1,46 T	1,37 T
Laba Bersih (Net Income)	800,50 M	881,80 M	1,02 T	1,08 T	1,02 T
EPS (Earnings Per Share)	Rp 80,05	Rp 88,18	Rp 101,66	Rp 108,10	Rp 101,58
Total Aset (Total Assets)	8,13 T	9,34 T	10,54 T	11,50 T	11,97 T
Total Liabilitas (Total Debt/Liabilities)	3,41 T	4,00 T	4,75 T	5,38 T	5,54 T
Ekuitas (Total Equity)	4,73 T	5,34 T	5,79 T	6,11 T	6,44 T
Arus Kas Operasi (Operating Cash Flow)	920,58 M	1,01 T	1,17 T	1,24 T	1,17 T
Belanja Modal / Capital Expenditure (CapEx)	322,20 M	354,92 M	409,18 M	435,10 M	408,86 M
Free Cash Flow / OCF - CapEx	598,37 M	659,15 M	759,91 M	808,05 M	759,31 M
Dividen (Dividend per Share)	Rp 38,91	Rp 32,66	Rp 23,98	Rp 22,31	Rp 31,38
Jumlah Saham Beredar (Outstanding Shares)	10,00 Miliar	10,00 Miliar	10,00 Miliar	10,00 Miliar	10,00 Miliar

AI Summary Analysis ARGO

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Analisis AI belum dibuat untuk emiten ini.

Discounted Cash Flow (DCF) Valuation ARGO

FAIRLY VALUED

Current Price Rp 1,175

Fair Value per Share Rp 1,209

Margin of Safety (MoS) 2.8%

Est. FCF Growth: 5%

Discount Rate (WACC): 11%

Terminal Growth: 3%

Proyeksi Periode	Projected FCF	Discount Factor	Present Value (PV)
Tahun 1	Rp 906,601,500,000	0.9009	Rp 816,758,108,108
Tahun 2	Rp 951,931,575,000	0.8116	Rp 772,609,021,183
Tahun 3	Rp 999,528,153,750	0.7312	Rp 730,846,371,390
Tahun 4	Rp 1,049,504,561,438	0.6587	Rp 691,341,162,125
Tahun 5	Rp 1,101,979,789,509	0.5935	Rp 653,971,369,578
Total PV of Projected FCF (1-5)			Rp 3,665,526,032,384
PV of Terminal Value at Year 5			Rp 8,419,881,383,317
Total Fair Value (Enterprise Value)			Rp 12,085,407,415,702

Trading Plan Summary ARGO

BUY AREA / ENTRY RANGE

Rp 1,157 - Rp 1,165

Area beli terbaik dekat level Support 1.

TAKE PROFIT TARGETS

TP 1 Rp 1,192

TP 2 Rp 1,208

Target keluar berdasarkan level Resistance 1 & 2.

STOP LOSS

Rp 1,104

Batasi kerugian ~3% di bawah Support 2.

RISK-TO-REWARD RATIO

0.44 : 1

High Risk

Pivot Points (Classic)

S2Rp 1,138

S1Rp 1,157

PIVOTRp 1,173

R1Rp 1,192

R2Rp 1,208

Share Ownership Above 1 Percent ARGO

Monthly shareholder reports with >1% ownership per OJK regulation

Share Ownership Above 1 Percent Report

Monthly publication of shareholders owning >1% of listed companies, per OJK Decision 1/KDK.04/2026.

OJK Regulated Monthly Report Report: 2026-08-10

KODE	SHAREHOLDER (investor)	OWNERSHIP %	SHARES	TYPE	INVESTOR	ORIGIN