BHAT

Technical Signal Analysis BHAT

STRONG SELL

Relative Strength Index (RSI 14)

100 OVERBOUGHT (SELL)

Moving Average Crossover (20 vs 50)

SMA20: Rp 1,770 | SMA50: Rp 1,770 BEARISH (SELL)

Price Relative to SMA 20

Price: Rp 1,770 BEARISH (SELL)

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Riwayat Harga Triwulan (OHLC) BHAT

Periode / Triwulan	Buka (Open)	Tinggi (High)	Rendah (Low)	Tutup (Close)
2026
Triwulan 4 (Q4)	Tidak ada data
Triwulan 3 (Q3)	Rp 1.770	Rp 1.770	Rp 1.770	Rp 1.770
Triwulan 2 (Q2)	Rp 1.015	Rp 2.560	Rp 980	Rp 1.770
Triwulan 1 (Q1)	Rp 1.400	Rp 1.490	Rp 810	Rp 1.010
2025
Triwulan 4 (Q4)	Rp 1.305	Rp 1.825	Rp 1.165	Rp 1.400
Triwulan 3 (Q3)	Rp 885	Rp 2.220	Rp 845	Rp 1.515
Triwulan 2 (Q2)	Rp 595	Rp 900	Rp 590	Rp 890
Triwulan 1 (Q1)	Rp 505	Rp 620	Rp 446	Rp 605
2024
Triwulan 4 (Q4)	Rp 454	Rp 520	Rp 438	Rp 505
Triwulan 3 (Q3)	Rp 510	Rp 545	Rp 448	Rp 452
Triwulan 2 (Q2)	Rp 380	Rp 520	Rp 294	Rp 510
Triwulan 1 (Q1)	Rp 402	Rp 486	Rp 384	Rp 400
2023
Triwulan 4 (Q4)	Rp 585	Rp 585	Rp 366	Rp 402
Triwulan 3 (Q3)	Rp 488	Rp 680	Rp 482	Rp 585
Triwulan 2 (Q2)	Rp 760	Rp 760	Rp 484	Rp 488
Triwulan 1 (Q1)	Rp 845	Rp 875	Rp 735	Rp 760
2022
Triwulan 4 (Q4)	Rp 830	Rp 900	Rp 770	Rp 845
Triwulan 3 (Q3)	Rp 1.080	Rp 1.090	Rp 805	Rp 830
Triwulan 2 (Q2)	Rp 1.010	Rp 1.090	Rp 960	Rp 1.080
Triwulan 1 (Q1)	Rp 1.005	Rp 1.020	Rp 970	Rp 1.010
2021
Triwulan 4 (Q4)	Rp 940	Rp 1.010	Rp 930	Rp 1.005
Triwulan 3 (Q3)	Rp 820	Rp 940	Rp 800	Rp 940
Triwulan 2 (Q2)	Tidak ada data
Triwulan 1 (Q1)	Tidak ada data

Target Harga Konsensus BHAT BUY

Cons. (Konservatif) Rp 1.859 +5.0%

Mod. (Moderat) Rp 1.947 +10.0%

Agg. (Agresif) Rp 2.036 +15.0%

Board of Directors & Executives

Prabowo Kurniawan

Direktur Utama (CEO)

Surya Wibowo

Direktur Keuangan (CFO)

Hendra Nugroho

Direktur Operasional (COO)

Agus Siregar

Komisaris Utama (President Commissioner)

Rasio Fundamental Utama BHAT

Metrik / Tahun	2021	2022	2023	2024	2025
Current Ratio (%)	119,20%	142,40%	178,20%	193,40%	174,30%
Dividend (Rp)	44,29	31,79	37,11	50,22	61,44
EPS (Rp)	162,05	158,89	140,20	123,17	123,45
BV (Rp)	716,97	762,62	823,14	907,99	1.004,24
Price to Earnings (P/E)	8,2x	8,6x	10,2x	13,9x	14,5x
Price to Book Value (PBV)	1,8x	1,8x	1,7x	1,9x	1,8x
Debt to Asset (DAR)	0,47	0,45	0,43	0,42	0,44
Debt to Equity (DER)	0,88	0,82	0,74	0,72	0,77
ROA (%)	11,98%	11,46%	9,71%	7,87%	6,88%
ROE (%)	22,60%	20,83%	17,03%	13,57%	12,29%
GPM (%)	43,52%	42,48%	46,48%	51,84%	53,63%
OPM (%)	30,01%	29,30%	32,05%	35,75%	36,99%
NPM (%)	22,23%	21,70%	23,74%	26,48%	27,40%
Payout Ratio (%)	27,33%	20,01%	26,47%	40,77%	49,77%

Ringkasan Laporan Keuangan BHAT

Metrik Keuangan / Tahun	2021	2022	2023	2024	2025
Pendapatan (Revenue)	7,29 T	7,32 T	5,90 T	4,65 T	4,51 T
Laba Kotor (Gross Profit)	3,17 T	3,11 T	2,74 T	2,41 T	2,42 T
Laba Operasional (Operating Income)	2,19 T	2,15 T	1,89 T	1,66 T	1,67 T
Laba Bersih (Net Income)	1,62 T	1,59 T	1,40 T	1,23 T	1,23 T
EPS (Earnings Per Share)	Rp 162,05	Rp 158,89	Rp 140,20	Rp 123,17	Rp 123,45
Total Aset (Total Assets)	13,48 T	13,88 T	14,32 T	15,62 T	17,78 T
Total Liabilitas (Total Debt/Liabilities)	6,31 T	6,25 T	6,09 T	6,54 T	7,73 T
Ekuitas (Total Equity)	7,17 T	7,63 T	8,23 T	9,08 T	10,04 T
Arus Kas Operasi (Operating Cash Flow)	1,86 T	1,83 T	1,61 T	1,42 T	1,42 T
Belanja Modal / Capital Expenditure (CapEx)	652,25 M	639,53 M	564,31 M	495,76 M	496,89 M
Free Cash Flow / OCF - CapEx	1,21 T	1,19 T	1,05 T	920,70 M	922,79 M
Dividen (Dividend per Share)	Rp 44,29	Rp 31,79	Rp 37,11	Rp 50,22	Rp 61,44
Jumlah Saham Beredar (Outstanding Shares)	10,00 Miliar	10,00 Miliar	10,00 Miliar	10,00 Miliar	10,00 Miliar

AI Summary Analysis BHAT

Gemini Powered

Analisis AI belum dibuat untuk emiten ini.

Discounted Cash Flow (DCF) Valuation BHAT

OVERVALUED

Current Price Rp 1,770

Fair Value per Share Rp 1,469

Margin of Safety (MoS) -20.5%

Est. FCF Growth: 5%

Discount Rate (WACC): 11%

Terminal Growth: 3%

Proyeksi Periode	Projected FCF	Discount Factor	Present Value (PV)
Tahun 1	Rp 1,101,791,250,000	0.9009	Rp 992,604,729,730
Tahun 2	Rp 1,156,880,812,500	0.8116	Rp 938,950,420,015
Tahun 3	Rp 1,214,724,853,125	0.7312	Rp 888,196,343,257
Tahun 4	Rp 1,275,461,095,781	0.6587	Rp 840,185,730,108
Tahun 5	Rp 1,339,234,150,570	0.5935	Rp 794,770,285,237
Total PV of Projected FCF (1-5)			Rp 4,454,707,508,347
PV of Terminal Value at Year 5			Rp 10,232,667,422,431
Total Fair Value (Enterprise Value)			Rp 14,687,374,930,777

Trading Plan Summary BHAT

BUY AREA / ENTRY RANGE

Rp 1,770 - Rp 1,771

Area beli terbaik dekat level Support 1.

TAKE PROFIT TARGETS

TP 1 Rp 1,770

TP 2 Rp 1,770

Target keluar berdasarkan level Resistance 1 & 2.

STOP LOSS

Rp 1,717

Batasi kerugian ~3% di bawah Support 2.

RISK-TO-REWARD RATIO

-0.02 : 1

High Risk

Pivot Points (Classic)

S2Rp 1,770

S1Rp 1,770

PIVOTRp 1,770

R1Rp 1,770

R2Rp 1,770

Share Ownership Above 1 Percent BHAT

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