ARII

Technical Signal Analysis ARII

NEUTRAL

Relative Strength Index (RSI 14)

75 OVERBOUGHT (SELL)

Moving Average Crossover (20 vs 50)

SMA20: Rp 294 | SMA50: Rp 282 BULLISH (BUY)

Price Relative to SMA 20

Price: Rp 306 BULLISH (BUY)

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Riwayat Harga Triwulan (OHLC) ARII

Periode / Triwulan	Buka (Open)	Tinggi (High)	Rendah (Low)	Tutup (Close)
2026
Triwulan 4 (Q4)	Tidak ada data
Triwulan 3 (Q3)	Rp 310	Rp 310	Rp 304	Rp 306
Triwulan 2 (Q2)	Rp 270	Rp 318	Rp 240	Rp 292
Triwulan 1 (Q1)	Rp 290	Rp 328	Rp 240	Rp 270
2025
Triwulan 4 (Q4)	Rp 274	Rp 360	Rp 242	Rp 292
Triwulan 3 (Q3)	Rp 256	Rp 372	Rp 246	Rp 276
Triwulan 2 (Q2)	Rp 296	Rp 320	Rp 230	Rp 258
Triwulan 1 (Q1)	Rp 228	Rp 338	Rp 196	Rp 296
2024
Triwulan 4 (Q4)	Rp 240	Rp 270	Rp 212	Rp 242
Triwulan 3 (Q3)	Rp 318	Rp 432	Rp 220	Rp 240
Triwulan 2 (Q2)	Rp 282	Rp 372	Rp 232	Rp 318
Triwulan 1 (Q1)	Rp 214	Rp 360	Rp 214	Rp 290
2023
Triwulan 4 (Q4)	Rp 236	Rp 268	Rp 190	Rp 210
Triwulan 3 (Q3)	Rp 336	Rp 434	Rp 234	Rp 242
Triwulan 2 (Q2)	Rp 147	Rp 410	Rp 142	Rp 336
Triwulan 1 (Q1)	Rp 250	Rp 262	Rp 145	Rp 147
2022
Triwulan 4 (Q4)	Rp 344	Rp 350	Rp 234	Rp 250
Triwulan 3 (Q3)	Rp 270	Rp 600	Rp 252	Rp 344
Triwulan 2 (Q2)	Rp 236	Rp 248	Rp 173	Rp 216
Triwulan 1 (Q1)	Rp 240	Rp 248	Rp 214	Rp 236
2021
Triwulan 4 (Q4)	Rp 274	Rp 300	Rp 230	Rp 246
Triwulan 3 (Q3)	Rp 348	Rp 350	Rp 254	Rp 254
Triwulan 2 (Q2)	Tidak ada data
Triwulan 1 (Q1)	Tidak ada data

Target Harga Konsensus ARII BUY

Cons. (Konservatif) Rp 321 +5.0%

Mod. (Moderat) Rp 337 +10.0%

Agg. (Agresif) Rp 352 +15.0%

Board of Directors & Executives

Taufik Nugroho

Direktur Utama (CEO)

Indra Setiawan

Direktur Keuangan (CFO)

Anwar Wibowo

Direktur Operasional (COO)

Surya Hartono

Komisaris Utama (President Commissioner)

Rasio Fundamental Utama ARII

Metrik / Tahun	2021	2022	2023	2024	2025
Current Ratio (%)	126,40%	126,70%	154,00%	183,20%	187,30%
Dividend (Rp)	7,50	10,03	11,44	9,71	6,30
EPS (Rp)	20,84	20,84	23,74	26,88	27,37
BV (Rp)	120,19	136,83	151,46	161,87	169,76
Price to Earnings (P/E)	9,6x	11,3x	11,6x	10,1x	11,0x
Price to Book Value (PBV)	1,7x	1,7x	1,8x	1,7x	1,8x
Debt to Asset (DAR)	0,42	0,44	0,46	0,47	0,45
Debt to Equity (DER)	0,73	0,79	0,86	0,87	0,82
ROA (%)	10,06%	8,53%	8,46%	8,80%	8,87%
ROE (%)	17,34%	15,23%	15,67%	16,61%	16,12%
GPM (%)	44,86%	42,20%	44,84%	50,34%	53,65%
OPM (%)	30,94%	29,11%	30,92%	34,72%	37,00%
NPM (%)	22,92%	21,56%	22,90%	25,72%	27,41%
Payout Ratio (%)	36,00%	48,13%	48,19%	36,12%	23,02%

Ringkasan Laporan Keuangan ARII

Metrik Keuangan / Tahun	2021	2022	2023	2024	2025
Pendapatan (Revenue)	909,31 M	966,60 M	1,04 T	1,05 T	998,56 M
Laba Kotor (Gross Profit)	407,94 M	407,94 M	464,71 M	526,18 M	535,77 M
Laba Operasional (Operating Income)	281,34 M	281,34 M	320,49 M	362,88 M	369,50 M
Laba Bersih (Net Income)	208,40 M	208,40 M	237,40 M	268,80 M	273,70 M
EPS (Earnings Per Share)	Rp 20,84	Rp 20,84	Rp 23,74	Rp 26,88	Rp 27,37
Total Aset (Total Assets)	2,08 T	2,45 T	2,82 T	3,03 T	3,09 T
Total Liabilitas (Total Debt/Liabilities)	877,39 M	1,08 T	1,30 T	1,41 T	1,39 T
Ekuitas (Total Equity)	1,20 T	1,37 T	1,51 T	1,62 T	1,70 T
Arus Kas Operasi (Operating Cash Flow)	239,66 M	239,66 M	273,01 M	309,12 M	314,76 M
Belanja Modal / Capital Expenditure (CapEx)	83,88 M	83,88 M	95,55 M	108,19 M	110,16 M
Free Cash Flow / OCF - CapEx	155,78 M	155,78 M	177,46 M	200,93 M	204,59 M
Dividen (Dividend per Share)	Rp 7,50	Rp 10,03	Rp 11,44	Rp 9,71	Rp 6,30
Jumlah Saham Beredar (Outstanding Shares)	10,00 Miliar	10,00 Miliar	10,00 Miliar	10,00 Miliar	10,00 Miliar

AI Summary Analysis ARII

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Analisis AI belum dibuat untuk emiten ini.

Discounted Cash Flow (DCF) Valuation ARII

FAIRLY VALUED

Current Price Rp 306

Fair Value per Share Rp 326

Margin of Safety (MoS) 6%

Est. FCF Growth: 5%

Discount Rate (WACC): 11%

Terminal Growth: 3%

Proyeksi Periode	Projected FCF	Discount Factor	Present Value (PV)
Tahun 1	Rp 244,277,250,000	0.9009	Rp 220,069,594,595
Tahun 2	Rp 256,491,112,500	0.8116	Rp 208,173,940,833
Tahun 3	Rp 269,315,668,125	0.7312	Rp 196,921,295,382
Tahun 4	Rp 282,781,451,531	0.6587	Rp 186,276,901,037
Tahun 5	Rp 296,920,524,108	0.5935	Rp 176,207,879,360
Total PV of Projected FCF (1-5)			Rp 987,649,611,207
PV of Terminal Value at Year 5			Rp 2,268,676,446,755
Total Fair Value (Enterprise Value)			Rp 3,256,326,057,962

Trading Plan Summary ARII

BUY AREA / ENTRY RANGE

Rp 303 - Rp 305

Area beli terbaik dekat level Support 1.

TAKE PROFIT TARGETS

TP 1 Rp 309

TP 2 Rp 313

Target keluar berdasarkan level Resistance 1 & 2.

STOP LOSS

Rp 292

Batasi kerugian ~3% di bawah Support 2.

RISK-TO-REWARD RATIO

0.31 : 1

High Risk

Pivot Points (Classic)

S2Rp 301

S1Rp 303

PIVOTRp 307

R1Rp 309

R2Rp 313

Share Ownership Above 1 Percent ARII

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