BAJA

Technical Signal Analysis BAJA

NEUTRAL

Relative Strength Index (RSI 14)

74.48 OVERBOUGHT (SELL)

Moving Average Crossover (20 vs 50)

SMA20: Rp 292 | SMA50: Rp 274 BULLISH (BUY)

Price Relative to SMA 20

Price: Rp 436 BULLISH (BUY)

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Riwayat Harga Triwulan (OHLC) BAJA

Periode / Triwulan	Buka (Open)	Tinggi (High)	Rendah (Low)	Tutup (Close)
2026
Triwulan 4 (Q4)	Tidak ada data
Triwulan 3 (Q3)	Rp 364	Rp 436	Rp 364	Rp 436
Triwulan 2 (Q2)	Rp 148	Rp 376	Rp 116	Rp 308
Triwulan 1 (Q1)	Rp 169	Rp 197	Rp 129	Rp 147
2025
Triwulan 4 (Q4)	Rp 176	Rp 197	Rp 123	Rp 169
Triwulan 3 (Q3)	Rp 115	Rp 222	Rp 106	Rp 176
Triwulan 2 (Q2)	Rp 116	Rp 158	Rp 112	Rp 123
Triwulan 1 (Q1)	Rp 85	Rp 156	Rp 62	Rp 111
2024
Triwulan 4 (Q4)	Rp 107	Rp 107	Rp 83	Rp 85
Triwulan 3 (Q3)	Rp 103	Rp 126	Rp 86	Rp 99
Triwulan 2 (Q2)	Rp 94	Rp 122	Rp 90	Rp 103
Triwulan 1 (Q1)	Rp 112	Rp 132	Rp 72	Rp 94
2023
Triwulan 4 (Q4)	Rp 128	Rp 139	Rp 107	Rp 110
Triwulan 3 (Q3)	Rp 153	Rp 198	Rp 129	Rp 135
Triwulan 2 (Q2)	Rp 148	Rp 222	Rp 135	Rp 160
Triwulan 1 (Q1)	Rp 157	Rp 185	Rp 127	Rp 148
2022
Triwulan 4 (Q4)	Rp 145	Rp 206	Rp 115	Rp 156
Triwulan 3 (Q3)	Rp 181	Rp 197	Rp 135	Rp 143
Triwulan 2 (Q2)	Rp 191	Rp 214	Rp 161	Rp 180
Triwulan 1 (Q1)	Rp 276	Rp 342	Rp 187	Rp 191
2021
Triwulan 4 (Q4)	Rp 342	Rp 370	Rp 254	Rp 262
Triwulan 3 (Q3)	Rp 382	Rp 456	Rp 310	Rp 342
Triwulan 2 (Q2)	Tidak ada data
Triwulan 1 (Q1)	Tidak ada data

Target Harga Konsensus BAJA BUY

Cons. (Konservatif) Rp 458 +5.0%

Mod. (Moderat) Rp 480 +10.0%

Agg. (Agresif) Rp 501 +15.0%

Board of Directors & Executives

Lukas Hartono

Direktur Utama (CEO)

Rudi Wong

Direktur Keuangan (CFO)

Agus Suryadi

Direktur Operasional (COO)

Joko Wibowo

Komisaris Utama (President Commissioner)

Rasio Fundamental Utama BAJA

Metrik / Tahun	2021	2022	2023	2024	2025
Current Ratio (%)	186,70%	156,60%	126,10%	123,00%	150,20%
Dividend (Rp)	10,37	7,62	8,58	13,50	16,86
EPS (Rp)	30,51	34,87	39,35	39,83	35,87
BV (Rp)	177,80	198,38	212,95	224,15	237,71
Price to Earnings (P/E)	9,4x	10,2x	9,5x	9,6x	12,5x
Price to Book Value (PBV)	1,6x	1,8x	1,8x	1,7x	1,9x
Debt to Asset (DAR)	0,42	0,42	0,44	0,46	0,47
Debt to Equity (DER)	0,73	0,73	0,79	0,86	0,88
ROA (%)	9,95%	10,19%	10,35%	9,60%	8,00%
ROE (%)	17,16%	17,58%	18,48%	17,77%	15,09%
GPM (%)	45,31%	50,83%	53,71%	51,30%	45,82%
OPM (%)	31,25%	35,05%	37,04%	35,38%	31,60%
NPM (%)	23,15%	25,96%	27,44%	26,21%	23,41%
Payout Ratio (%)	33,98%	21,86%	21,81%	33,89%	46,99%

Ringkasan Laporan Keuangan BAJA

Metrik Keuangan / Tahun	2021	2022	2023	2024	2025
Pendapatan (Revenue)	1,32 T	1,34 T	1,43 T	1,52 T	1,53 T
Laba Kotor (Gross Profit)	597,23 M	682,58 M	770,28 M	779,67 M	702,16 M
Laba Operasional (Operating Income)	411,89 M	470,75 M	531,23 M	537,71 M	484,25 M
Laba Bersih (Net Income)	305,10 M	348,70 M	393,50 M	398,30 M	358,70 M
EPS (Earnings Per Share)	Rp 30,51	Rp 34,87	Rp 39,35	Rp 39,83	Rp 35,87
Total Aset (Total Assets)	3,08 T	3,43 T	3,81 T	4,17 T	4,47 T
Total Liabilitas (Total Debt/Liabilities)	1,30 T	1,45 T	1,68 T	1,93 T	2,09 T
Ekuitas (Total Equity)	1,78 T	1,98 T	2,13 T	2,24 T	2,38 T
Arus Kas Operasi (Operating Cash Flow)	350,87 M	401,01 M	452,53 M	458,05 M	412,51 M
Belanja Modal / Capital Expenditure (CapEx)	122,80 M	140,35 M	158,38 M	160,32 M	144,38 M
Free Cash Flow / OCF - CapEx	228,06 M	260,65 M	294,14 M	297,73 M	268,13 M
Dividen (Dividend per Share)	Rp 10,37	Rp 7,62	Rp 8,58	Rp 13,50	Rp 16,86
Jumlah Saham Beredar (Outstanding Shares)	10,00 Miliar	10,00 Miliar	10,00 Miliar	10,00 Miliar	10,00 Miliar

AI Summary Analysis BAJA

Gemini Powered

Analisis AI belum dibuat untuk emiten ini.

Discounted Cash Flow (DCF) Valuation BAJA

OVERVALUED

Current Price Rp 436

Fair Value per Share Rp 427

Margin of Safety (MoS) -2.2%

Est. FCF Growth: 5%

Discount Rate (WACC): 11%

Terminal Growth: 3%

Proyeksi Periode	Projected FCF	Discount Factor	Present Value (PV)
Tahun 1	Rp 320,139,750,000	0.9009	Rp 288,414,189,189
Tahun 2	Rp 336,146,737,500	0.8116	Rp 272,824,233,017
Tahun 3	Rp 352,954,074,375	0.7312	Rp 258,076,977,178
Tahun 4	Rp 370,601,778,094	0.6587	Rp 244,126,870,304
Tahun 5	Rp 389,131,866,998	0.5935	Rp 230,930,823,260
Total PV of Projected FCF (1-5)			Rp 1,294,373,092,948
PV of Terminal Value at Year 5			Rp 2,973,234,349,474
Total Fair Value (Enterprise Value)			Rp 4,267,607,442,422

Trading Plan Summary BAJA

BUY AREA / ENTRY RANGE

Rp 388 - Rp 400

Area beli terbaik dekat level Support 1.

TAKE PROFIT TARGETS

TP 1 Rp 460

TP 2 Rp 484

Target keluar berdasarkan level Resistance 1 & 2.

STOP LOSS

Rp 330

Batasi kerugian ~3% di bawah Support 2.

RISK-TO-REWARD RATIO

0.86 : 1

High Risk

Pivot Points (Classic)

S2Rp 340

S1Rp 388

PIVOTRp 412

R1Rp 460

R2Rp 484

Share Ownership Above 1 Percent BAJA

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