ARNA

Technical Signal Analysis ARNA

NEUTRAL

Relative Strength Index (RSI 14)

92.59 OVERBOUGHT (SELL)

Moving Average Crossover (20 vs 50)

SMA20: Rp 499 | SMA50: Rp 485 BULLISH (BUY)

Price Relative to SMA 20

Price: Rp 515 BULLISH (BUY)

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Riwayat Harga Triwulan (OHLC) ARNA

Periode / Triwulan	Buka (Open)	Tinggi (High)	Rendah (Low)	Tutup (Close)
2026
Triwulan 4 (Q4)	Tidak ada data
Triwulan 3 (Q3)	Rp 510	Rp 515	Rp 505	Rp 510
Triwulan 2 (Q2)	Rp 446	Rp 505	Rp 392	Rp 498
Triwulan 1 (Q1)	Rp 525	Rp 550	Rp 432	Rp 446
2025
Triwulan 4 (Q4)	Rp 535	Rp 560	Rp 484	Rp 535
Triwulan 3 (Q3)	Rp 560	Rp 570	Rp 510	Rp 535
Triwulan 2 (Q2)	Rp 620	Rp 620	Rp 560	Rp 575
Triwulan 1 (Q1)	Rp 620	Rp 695	Rp 580	Rp 620
2024
Triwulan 4 (Q4)	Rp 745	Rp 750	Rp 565	Rp 620
Triwulan 3 (Q3)	Rp 695	Rp 800	Rp 650	Rp 740
Triwulan 2 (Q2)	Rp 645	Rp 745	Rp 560	Rp 695
Triwulan 1 (Q1)	Rp 710	Rp 750	Rp 605	Rp 645
2023
Triwulan 4 (Q4)	Rp 670	Rp 755	Rp 630	Rp 710
Triwulan 3 (Q3)	Rp 760	Rp 795	Rp 630	Rp 670
Triwulan 2 (Q2)	Rp 900	Rp 955	Rp 740	Rp 755
Triwulan 1 (Q1)	Rp 1.015	Rp 1.045	Rp 890	Rp 900
2022
Triwulan 4 (Q4)	Rp 1.050	Rp 1.080	Rp 935	Rp 1.015
Triwulan 3 (Q3)	Rp 895	Rp 1.045	Rp 840	Rp 1.045
Triwulan 2 (Q2)	Rp 1.115	Rp 1.115	Rp 880	Rp 895
Triwulan 1 (Q1)	Rp 890	Rp 1.120	Rp 835	Rp 1.115
2021
Triwulan 4 (Q4)	Rp 840	Rp 945	Rp 760	Rp 895
Triwulan 3 (Q3)	Rp 735	Rp 885	Rp 720	Rp 835
Triwulan 2 (Q2)	Tidak ada data
Triwulan 1 (Q1)	Tidak ada data

Target Harga Konsensus ARNA BUY

Cons. (Konservatif) Rp 541 +5.0%

Mod. (Moderat) Rp 567 +10.0%

Agg. (Agresif) Rp 592 +15.0%

Board of Directors & Executives

Budi Kurniawan

Direktur Utama (CEO)

Sri Siregar

Direktur Keuangan (CFO)

Joko Wong

Direktur Operasional (COO)

Lukas Widjaja

Komisaris Utama (President Commissioner)

Riwayat Distribusi Dividen ARNA

Tanggal Pembagian	Besaran Dividen (Per Lembar)
31 Mar 2026	Rp 45,00
31 Mar 2025	Rp 43,00
31 Mar 2024	Rp 43,00
28 Feb 2023	Rp 55,00
28 Feb 2022	Rp 45,00

Rasio Fundamental Utama ARNA

Metrik / Tahun	2021	2022	2023	2024	2025
Current Ratio (%)	187,40%	164,10%	133,30%	123,40%	143,40%
Dividend (Rp)	21,89	20,97	13,58	7,98	8,39
EPS (Rp)	43,87	47,13	44,75	38,93	35,01
BV (Rp)	213,24	227,70	241,55	261,03	287,22
Price to Earnings (P/E)	8,5x	8,8x	9,2x	12,4x	15,3x
Price to Book Value (PBV)	1,7x	1,8x	1,7x	1,8x	1,9x
Debt to Asset (DAR)	0,46	0,43	0,42	0,43	0,45
Debt to Equity (DER)	0,84	0,76	0,72	0,75	0,83
ROA (%)	11,11%	11,80%	10,75%	8,50%	6,70%
ROE (%)	20,57%	20,70%	18,53%	14,91%	12,19%
GPM (%)	51,21%	45,71%	42,29%	44,07%	49,43%
OPM (%)	35,31%	31,53%	29,16%	30,40%	34,09%
NPM (%)	26,16%	23,35%	21,60%	22,52%	25,25%
Payout Ratio (%)	49,90%	44,48%	30,35%	20,49%	23,97%

Ringkasan Laporan Keuangan ARNA

Metrik Keuangan / Tahun	2021	2022	2023	2024	2025
Pendapatan (Revenue)	1,68 T	2,02 T	2,07 T	1,73 T	1,39 T
Laba Kotor (Gross Profit)	858,76 M	922,57 M	875,98 M	762,05 M	685,32 M
Laba Operasional (Operating Income)	592,25 M	636,26 M	604,13 M	525,56 M	472,64 M
Laba Bersih (Net Income)	438,70 M	471,30 M	447,50 M	389,30 M	350,10 M
EPS (Earnings Per Share)	Rp 43,87	Rp 47,13	Rp 44,75	Rp 38,93	Rp 35,01
Total Aset (Total Assets)	3,92 T	4,01 T	4,15 T	4,57 T	5,26 T
Total Liabilitas (Total Debt/Liabilities)	1,79 T	1,73 T	1,74 T	1,96 T	2,38 T
Ekuitas (Total Equity)	2,13 T	2,28 T	2,42 T	2,61 T	2,87 T
Arus Kas Operasi (Operating Cash Flow)	504,51 M	542,00 M	514,63 M	447,70 M	402,62 M
Belanja Modal / Capital Expenditure (CapEx)	176,58 M	189,70 M	180,12 M	156,69 M	140,92 M
Free Cash Flow / OCF - CapEx	327,93 M	352,30 M	334,51 M	291,00 M	261,70 M
Dividen (Dividend per Share)	Rp 21,89	Rp 20,97	Rp 13,58	Rp 7,98	Rp 8,39
Jumlah Saham Beredar (Outstanding Shares)	10,00 Miliar	10,00 Miliar	10,00 Miliar	10,00 Miliar	10,00 Miliar

AI Summary Analysis ARNA

Gemini Powered

Analisis AI belum dibuat untuk emiten ini.

Discounted Cash Flow (DCF) Valuation ARNA

OVERVALUED

Current Price Rp 515

Fair Value per Share Rp 417

Margin of Safety (MoS) -23.6%

Est. FCF Growth: 5%

Discount Rate (WACC): 11%

Terminal Growth: 3%

Proyeksi Periode	Projected FCF	Discount Factor	Present Value (PV)
Tahun 1	Rp 312,464,250,000	0.9009	Rp 281,499,324,324
Tahun 2	Rp 328,087,462,500	0.8116	Rp 266,283,144,631
Tahun 3	Rp 344,491,835,625	0.7312	Rp 251,889,461,138
Tahun 4	Rp 361,716,427,406	0.6587	Rp 238,273,814,590
Tahun 5	Rp 379,802,248,777	0.5935	Rp 225,394,148,936
Total PV of Projected FCF (1-5)			Rp 1,263,339,893,619
PV of Terminal Value at Year 5			Rp 2,901,949,667,552
Total Fair Value (Enterprise Value)			Rp 4,165,289,561,171

Trading Plan Summary ARNA

BUY AREA / ENTRY RANGE

Rp 508 - Rp 510

Area beli terbaik dekat level Support 1.

TAKE PROFIT TARGETS

TP 1 Rp 518

TP 2 Rp 522

Target keluar berdasarkan level Resistance 1 & 2.

STOP LOSS

Rp 487

Batasi kerugian ~3% di bawah Support 2.

RISK-TO-REWARD RATIO

0.35 : 1

High Risk

Pivot Points (Classic)

S2Rp 502

S1Rp 508

PIVOTRp 512

R1Rp 518

R2Rp 522

Share Ownership Above 1 Percent ARNA

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