Risk factor
Meaningful price volatility
Profitability factor
Greatly undervalued vs peers
About
PT Ace Hardware Indonesia Tbk, accompanied by its subsidiaries, functions as a prominent retailer of household goods and lifestyle merchandise across Indonesia. The company's business model is organized into specific product categories: Home Improvement, Lifestyle, and Toys. As of December 31, 2021, it maintained an extensive network of 216 retail stores. These outlets are widely dispersed throughout numerous Indonesian cities and regions, including major centers like Jakarta, Tangerang, Bandung, Surabaya, Medan, Bali, Makassar, and many other strategic locations such as Yogyakarta, Palembang, and Pontianak. Originally established in 1995 as PT Ace Indoritel Perkakas, the company officially adopted its current name, PT Ace Hardware Indonesia Tbk, in August 2001. Its corporate headquarters are situated in Jakarta, Indonesia, and it operates as a subsidiary of PT Kawan Lama Sejahtera.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. Specifically, the stock is 'cheap' on P/E, undervalued on EV/EBITD
Target Price
The average target price of ACES.JK is 509 and suggests 40.7% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to in