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PT Acset Indonusa Tbk

PT Acset Indonusa Tbk

ACST.JK
PT Acset Indonusa TbkID flagIndonesia Stock Exchange
77.00
IDR
+1.00
- -
1.36TMarket Cap
PT Acset Indonusa Tbk
ACST.JK
(Indonesia Stock Exchange)

Recent

price

77.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
686.57
1,150.7
1,384.5
1,390.66
1,562.28
2,323.46
2,859.46
3,029.77
508.2
175.68
81.8
185.38
250.28
149.69
97.05
Revenue per Share
53.55
112.7
107.39
42.96
59.5
118.4
14.04
-872.15
-558.32
-81.75
-35.42
-21.31
-43.18
-43.86
-39.97
Basic EPS, GAAP
-72.43
-150.9
-80.59
-121.79
-106
- -
- -
-138.27
-26.8
-1.18
-0.3
-0.77
-1.97
-0.59
-1
Free Cash Flow per Basic Share
- -
- -
20.24
21.52
21.29
31.16
31.16
2.69
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
225.77
373.9
416.4
440.83
421.32
452.73
425.09
-453.59
-619.27
-180.22
-155.85
-177.02
-219.81
-188.13
-190.7
Book Value per Share
223.64
635.68
658.02
681.42
1,133.15
1,103.11
1,095.18
219.89
136.72
131.14
52.94
31.25
-11.12
-20.86
-21.54
Tangible Book Value per Share
976
882
976
976
1,148
1,303
1,303
1,303
2,370
8,508
12,675
12,675
12,675
15,835
15,663
Basic Weighted Avg Shares
669,906
1,014,502
1,350,908
1,356,868
1,794,002
3,026,989
3,725,296
3,947,173
1,204,429
1,494,671
1,036,870
2,349,638
3,172,312
2,370,355
1,520,104
Sales/Revenue/Turnover
11.65
14.42
10.05
6.59
6.97
7.22
9.55
-13.95
-93.21
-44.18
-48.03
-10.9
-10.61
1.19
7.48
Operating Margin (%)
1,957
2,510
3,399
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
52,249
99,358
104,787
41,918
68,329
154,245
18,285
-1,136,236
-1,323,209
-695,549
-448,905
-270,149
-547,324
-694,564
-626,106
Net Income, GAAP
27.79
23.7
- -
0.73
0.86
1.9
11.59
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
7.8
9.79
7.76
3.09
3.81
5.1
0.49
-28.79
-109.86
-46.54
-43.29
-11.5
-17.25
-29.3
-41.19
Profit Margin (%)
79,802
346,109
437,650
391,523
927,046
1,010,675
717,200
-538,088
-409,901
519,658
209,226
-3,142
-420,134
-604,892
-591,199
Working Capital
5,040
16,886
44,578
56,209
20,475
139,046
73,633
109,615
51,564
22,165
3,341
- -
- -
- -
- -
LT Debt
218,211
560,443
642,048
664,859
1,301,225
1,437,127
1,426,793
286,476
324,032
1,115,731
670,997
396,057
-140,993
-330,324
-337,429
Total Equity
- -
22.61
- -
8.66
9.02
8.52
7.7
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
28.97
- -
11.12
13.78
13.5
6.42
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
36.13
28.48
10.02
14.95
28.73
3.2
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
1,760,000
1,780,000
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
17,675
17,675
Market Capitalization
1,673,100
1,723,800
1,675,941

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
2,674,996
2,706,599
Cash, Cash Equivalents & STI
- -
375,751
367,087
Accounts Receivable, Net
- -
1,973,499
1,963,324
Inventories
- -
16,264
15,028
Total Current Liabilities
- -
3,279,888
3,297,798
Payables & Accruals
- -
- -
- -
ST Debt
- -
1,760,000
1,780,000
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
20.08%
32.44%
134.28%
Free Cash Flow
- -
20.17%
-62.59%
Net Income, GAAP
-619.02%
1.36%
26.9%
Sales/Revenue/Turnover
19.03%
25.96%
-25.28%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
549,863
580,386
980,688
1,061,375
3,172,312
2025
713,613
503,464
- -
550,538
2,370,355
2026
466,102
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-3.35
- -
- -
- -
-43.18
2025
-0.31
- -
- -
- -
-43.86
2026
-0.51
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
PT Acset Indonusa Tbk (ACST.JK) is an Indonesia-based integrated construction company that provides technical and construction services encompassing foundation works, structural building, civil engineering, infrastructure projects, mechanical electrical and plumbing (MEP) installations, controlled demolition of high-rise structures, marine works, and construction support services including form-work systems, concrete pumping, passenger hoists, tower cranes, and heavy equipment trading and maintenance; the company operates through three segments—construction, construction support services, and trading—targeting commercial high-rise buildings such as office towers, malls, hotels, and data centers, industrial facilities including power plants and silos, toll roads, and other infrastructure for clients in the private and public sectors across Indonesia. Founded in 1995 and headquartered in Jakarta at ACSET Building, Jalan Majapahit 26, Petojo Selatan, Gambir, the company, a subsidiary of PT Karya Supra Perkasa under PT United Tractors Tbk (part of the Astra Group), listed on the Indonesia Stock Exchange in 2013 and focuses on premium-quality projects like Pacific Place mall, Gandaria City, Bahana Office Tower, Thamrin Nine Tower (Indonesia's tallest upon 2021 completion), and recent data centers and hospitals. Recent developments include new contract bookings of IDR 2.1 trillion in 2024 (down 34% year-over-year, with strength in structure segment from data center and hospital projects such as GDS DC Nongsa Phase II Batam, BDx CGK 3A and 4 data centers, Eka Hospital Juanda-Jakarta, Arumaya Office-Jakarta, and BRI Ragunan Tower), groundbreaking of the Bitung Interchange Toll Road project on July 10, 2024, topping-off of the BDx CGK 3A Data Center on December 16, 2024, participation in joint operations for Jakarta-Cikampek II South Toll Road Package II B and Probolinggo-Banyuwangi Toll Road, an Extraordinary General Meeting of Shareholders on May 2, 2025 approving key resolutions, and Q1 2025 net revenue of IDR 713.61 billion (up from IDR 549.86 billion prior year), amid full-year 2024 net revenue of IDR 3.17 trillion but net loss of IDR 547 billion.