1. Indonesia Stocks

  2. •

    Consumer Cyclical

  3. •

    Specialty Retail
PT Aspirasi Hidup Indonesia Tbk

PT Aspirasi Hidup Indonesia Tbk

ACES.JK
PT Aspirasi Hidup Indonesia TbkID flagIndonesia Stock Exchange
348.00
IDR
+14.00
- -
5.96TMarket Cap
PT Aspirasi Hidup Indonesia Tbk
ACES.JK
(Indonesia Stock Exchange)

Recent

price

348.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
95.69
137.71
187.95
227.34
265.56
278.21
289.56
348.38
424
476.88
433.32
382.5
395.33
445.44
500.01
503.28
507.82
Revenue per Share
9.97
16.29
25.49
29.7
32.88
34.51
41.69
45.62
56.49
59.58
42.86
40.38
38.83
45.03
51.97
38.96
47.72
Basic EPS, GAAP
-9.31
-10.64
-8.04
-4.89
-5.67
-7.64
-8.53
-8.95
-9.51
-10.12
-9.53
-4.94
-6.28
-7.72
-11.62
-10.91
-9.87
Free Cash Flow per Basic Share
0.92
5.06
2.49
9.97
5.98
15.99
15.42
16.49
22.8
28.32
18.08
32.18
20.61
31.08
33.41
33.78
- -
Dividend per Share
35.39
44.9
67.15
82.93
106.27
122.36
143.92
166.66
196.41
222.2
259.4
272.25
292.32
307.14
325.8
328.47
309.08
Book Value per Share
59.74
70.39
93.54
108.93
135.33
153.65
178.51
205.44
244.47
273.52
312.15
325.9
351.45
363.62
379.22
384.25
362.35
Tangible Book Value per Share
17,150
17,500
17,150
17,135
17,102
17,046
17,046
17,046
17,075
17,075
17,107
17,107
17,107
17,107
17,165
17,165
17,165
Basic Weighted Avg Shares
1,641,122
2,409,861
3,223,291
3,895,446
4,541,474
4,742,526
4,935,903
5,938,576
7,239,754
8,142,717
7,412,767
6,543,363
6,762,803
7,620,153
8,582,510
8,638,654
8,716,626
Sales/Revenue/Turnover
13.85
15.07
15.98
14.5
14.58
14.26
14.53
14.43
14.8
14.95
11.5
11.82
11.03
11.4
11.92
7.22
10.09
Operating Margin (%)
- -
52,852
69,042
85,969
86,539
89,939
71,463
75,367
95,368
403,589
451,996
448,490
462,914
484,385
509,749
574,402
538,184
Depreciation Expense
170,981
285,127
437,143
508,873
562,324
588,325
710,580
777,727
964,554
1,017,395
733,195
690,771
664,343
770,403
892,044
668,726
819,151
Net Income, GAAP
23.79
24.63
20.19
19.26
19.59
20.6
18.19
18.68
18.83
18.93
20.8
16.58
17.93
19.79
18.34
17.24
17.02
Effective Tax Rate (%)
10.42
11.83
13.56
13.06
12.38
12.41
14.4
13.1
13.32
12.49
9.89
10.56
9.82
10.11
10.39
7.74
9.4
Profit Margin (%)
725,197
680,343
1,010,566
1,307,910
1,744,455
2,055,106
2,433,417
2,880,064
3,127,284
3,586,175
4,189,809
4,469,571
4,775,471
4,937,099
5,076,230
5,092,859
4,885,093
Working Capital
- -
- -
13,889
7,222
556
- -
- -
- -
441,457
572,335
577,041
571,448
449,927
601,754
628,277
677,028
813,301
LT Debt
1,024,574
1,231,874
1,618,001
1,888,546
2,329,112
2,628,826
3,048,728
3,510,422
4,182,252
4,676,301
5,343,598
5,578,980
6,016,545
6,224,388
6,512,334
6,597,263
6,221,887
Total Equity
18.13
23.73
27.85
25.03
24.5
21.14
20.31
20.96
20.43
18.82
11.4
10.08
9.23
9.98
11.39
6.77
10.24
Return on Invested Capital (%)
31.46
40.6
44.4
38.77
34.46
30.03
31.41
29.28
27.6
24.77
16.19
13.67
12.39
13.7
15.08
11.16
14.49
Return on Capital (%)
31.27
40.95
45.13
39.56
34.73
30.15
31.31
29.38
31.14
28.47
17.81
15.19
13.76
15.03
16.45
11.91
15.8
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
291,893
257,377
180,992
LT Borrowings
- -
- -
- -
LT Finance Leases
628,277
747,733
813,301
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
17,150
17,150
17,150
Market Capitalization
13,514,479
8,582,403
8,513,743

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
5,949,616
6,106,135
6,174,555
Cash, Cash Equivalents & STI
1,902,227
1,865,056
2,105,763
Accounts Receivable, Net
44,904
97,440
119,266
Inventories
3,396,280
3,756,844
3,587,674
Total Current Liabilities
873,386
860,691
1,289,461
Payables & Accruals
- -
- -
- -
ST Debt
291,893
257,377
180,992
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.79%
4.32%
1.3%
Free Cash Flow
7.06%
9.37%
-6.15%
Net Income, GAAP
2.89%
-0.58%
-25.03%
Sales/Revenue/Turnover
6.74%
3.52%
0.65%
Total Cash Common Dividend
13.18%
20.36%
1.1%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,992,528
2,142,339
2,093,281
2,354,363
8,582,510
2025
2,136,084
2,132,898
2,304,786
- -
8,638,654
2026
2,352,742
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
11.97
- -
- -
- -
51.97
2025
8.25
- -
- -
- -
38.96
2026
9.53
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
33.41
2025
- -
- -
- -
- -
33.78
2026
- -
- -
- -
- -
- -
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Business
PT Aspirasi Hidup Indonesia Tbk (ACES.JK) operates as a leading retailer of home improvement, lifestyle, and children's products in Indonesia. Founded in 1995 and headquartered in Jakarta at Gedung Kawan Lama, Jl. Puri Kencana No. 1, Kembangan Selatan, the company, a subsidiary of PT Kawan Lama Sejahtera, manages over 360 stores across more than 80 cities under brands including AZKO for home improvement retail offering tools, cleaning equipment, gardening tools, household essentials, HORECABA equipment, electrical appliances, outdoor products, lawn and garden supplies, plumbing, renovation, furniture, shelving, storage, decoration, automotive, health, and sport products; ATARU for millennial fashion and lifestyle items; Pendopo for fashion, craft, and culinary products from MSMEs; Toys Kingdom for toys and collectibles; and ruparupa for online shopping encompassing lifestyle, fashion, beauty, home living, electronics, gadgets, kitchen, dining, hobbies, craft, food, beverage, and pet supplies. It serves diverse customer segments including households, businesses, and families through physical stores and e-commerce, with operations focused on Indonesia and strategic expansion into second- and third-tier cities outside Java such as Kalimantan and Eastern Indonesia. In June 2024, the company changed its name from PT Ace Hardware Indonesia Tbk following an Extraordinary General Meeting of Shareholders and launched a new logo as part of a rebranding initiative; it also decided not to renew its license agreement with ACE Hardware International Holdings, Ltd., ending on December 31, 2024, after 29 years of collaboration to pursue independent strategic growth. Recent developments include Q1 2025 sales growth of 7.2% year-over-year amid rebranding investments, plans for 25-30 new stores in 2025 with capital expenditure of IDR 250-300 billion targeting sales growth of at least 5% and same-store sales exceeding 1%, a dividend payout of IDR 579.87 billion (IDR 33.87 per share) paid in July 2025, and AZKO receiving awards such as Top Retailer 2025, NEXT Awards 2025, and Best Customer Service for the 15th consecutive year, alongside new store openings like its first in certain regions and a modernized outlet at Pondok Indah Mall 1.