$ARKA PT Arkha Jayanti Persada Tbk (ARKA)
– June 2025

1: Introduction

Established: 1999, operational since 2009, headquartered in Bogor, Indonesia

Business: Fabrication of heavy equipment components (bulldozers, excavators, dump trucks) and steel structures for power plants, factories, buildings, and railway bridges

Employees: 143 (as of 5 February 2025)

Contact: corporate.secretary@arkhajayanti.co.id | (62-21) 8791-8903

2: Q1 2025 Financial Highlights


Revenue: Rp34 billion, up 174% from Rp12.4 billion (Q1 2024)

Net Profit: Rp1.6 billion, improved from a loss of Rp578.8 million (Q1 2024)

Gross Margin: 18.2% | EBITDA Margin: 11.8% | Net Margin: 4.7%

Total Assets: Rp417.6 billion | Total Liabilities: Rp118.9 billion

EPS (TTM): 1.95 | P/E Ratio: 7x (at current price Rp22)

3: Undervalued Opportunity

Current Share Price: Rp22 (6 June 2025)

P/E Ratio: 7x, below sector average of 15-20x

All-time High: Rp2,280 (2019) | All-time Low: Rp6 (2024)

Why Undervalued? Strong revenue growth (174%) and improving profitability not yet reflected in share price.

4: Stable Revenue from Major Clients

Q1 2025 Sales Breakdown:

PT Komatsu Indonesia: Rp18.8 billion (55.3%)

PT Hino Motors Sales Indonesia: Rp8.8 billion (26%)

Proven Track Record: Rp620 billion contract with Hyundai consortium (likely 2023)

Why It Matters: Stable cash flow from reputable clients reduces revenue risk