Asahimas Flat Glass Tbk

amfg

Overview

AMFG Overview

PT Asahimas Flat Glass Tbk is an Indonesia-based glass manufacturing company. The Company is engaged in the glass industry, export and import, glass quality testing laboratory service and other activities related to the businesses. The Company operates through two segments: flat glass segment and automotive glass segment. The flat glass segment produces a broad range of clear and tinted glass, figured glass, reflective glass, and mirror glass, which are used primarily for glass curtain walls, window glass, suspended glass in building construction and as raw materials for downstream industry. The automotive glass segment produces two main types of automotive glass, tempered glass and laminated glass, which are primarily used in the automotive industry. The Company’s factories are located at Kawasan Industri Indotaisei, Cikampek, and at Tanjungsari, Sidoarjo, East Java.

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: AMFG

Main
Market Cap.
IDR 2.52Trillion

~$160.20M USD

Industry
Building Products & Fixtures
Sub-Industry
Building Products & Fixtures
Sector
Industrials

Valuation

AMFG Valuation Metrics

5,800

IDR

Closing Price on 2024-04-05

Price to Equity

6.68

P/E

At 6.68x P/E TTM, AMFG.JK is trading at a discount to its peers in the Industrial Goods sector.

Price to Book

0.61

P/B

At 0.61x P/B TTM, AMFG.JK is trading in line with its peers in the Industrial Goods sector.

Price to Sales

0.43

P/S

At 0.43x P/S TTM, AMFG.JK is trading at a discount to its peers in the Industrial Goods sector.

Valuing Asahimas Flat Glass Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Industrial Goods sector

Historical Price to Earnings

Other Valuation Metrics

Valuing Asahimas Flat Glass Tbk relative to other stocks in the Industrial Goods sector

Price/Cash Flow
3.09x
Price/Forward Earnings
-
Enterprise Value/Revenue
0.75x
Enterprise Value/EBITDA
4.81x
PEG Ratio
-18.20x

Analyst Ratings

No analyst ratings available yet.

Last closing: IDR5,8002024-04-05
IDR 4,172.79

Slightly Lower Intrinsic Value: Analyst's intrinsic value is of AMFG is IDR4,173, which is 27% lower than AMFG's last closing price of IDR5,800 (as of 2024-04-05).

Valuation Recap of AMFG stock
WeightNotesScore
High
The P/E ratio is calculated by dividing the market price of a company's stock by its earnings per share (EPS). It is a key tool for investors and analysts to assess whether a stock is overvalued, undervalued, or fairly valued. A P/E ratio of 6.68x is below the ID market average of 8.22x and is trading at a discount to peers in the Industrial Goods sector (8.04x). ●●
Max 3
High
The P/B ratio is calculated by dividing the market price of a company's stock by its book value per share (BVPS). It measures the company's stock value relative to its assets minus liabilities. A P/B ratio of 0.61x is similar to the peers average of 0.67x in the Industrial Goods sector.
Max 3
Medium
The P/S ratio is calculated by dividing the market price of a company's stock by its sales per share. It measures the company's stock value relative to its sales. A P/S ratio of 0.43x is similar to the peers average of 0.64x in the Industrial Goods sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of AMFG's valuation relative to its current sales and future earnings growth.
Max 2
Low
The Price/Cash Flow ratio (P/CF) is calculated by dividing the market price of a company's stock by its cash flow per share. It measures the company's stock value relative to its cash flow, and is sometimes said to be a more objective measure of a company's value because cash flows cannot be manipulated as easily as earnings, which considers non-cash items such as depreciation and amortization. AMFG's P/CF ratio of 3.09x is considered healthy by analysts.●●
Max 2
Low
The Enterprise Value/Revenue ratio (EV/R) is calculated by dividing the enterprise value of a company by its revenue. It measures the company's enterprise value relative to its revenue. It is an indicator of how much it costs to buy the company's revenue; the lower the ratio, the cheaper the company's revenue. AMFG's EV/R ratio of 0.75x is considered extremely underpriced by the market The average EV/R ratio for the Industrial Goods sector is 1.04x. ●●●
Max 3
Medium
Slightly Lower Intrinsic Value: Analyst's intrinsic value is of AMFG is IDR 4,172.79, which is 27% lower than AMFG's last closing price of IDR 5,800.00.
Max 3

Peers

AMFG Peers and Comparison

Peer Companies

Supertype Fuzzy Search
SymbolCompany Name
Market Cap
(in Trillion IDR)
Total Assets
(in Trillion IDR)
Total Revenue
(in Trillion IDR)
Profit and Loss
(in Trillion IDR)
P/E
P/B
ASIIAstra International Tbk213.55T442.98T 320.94T 31.31T 6.821.12
UNTRUnited Tractors Tbk91.70T153.14T 129.67T 20.49T 4.481.23
IMPCPT Impack Pratama Industri Tbk20.40T3.44T 2.87T 0.44T 46.179.35
BNBRBakrie & Brothers Tbk8.00T20.10T 4.37T 0.27T 29.913.86
ARNAArwana Citramulia Tbk5.39T2.58T 2.43T 0.47T 11.463.07
HEXAHexindo Adiperkasa Tbk5.25T6.93T 10.44T 0.91T 5.752.18
BHITPT MNC Asia Holding Tbk4.18T70.97T 18.39T 0.64T 6.520.24
MARKPT Mark Dynamics Indonesia Tbk.3.39T0.92T 0.49T 0.12T 27.324.21
SKRNPT Superkrane Mitra Utama Tbk2.75T3.13T 0.94T 0.17T 15.702.94
MLIAMulia Industrindo Tbk2.66T6.80T 4.79T 0.58T 4.610.56
Competitiveness Recap of AMFG stock
WeightNotesScore
High
At a market cap of IDR 2,517.20 billion, AMFG.JK ranks 10 in Market Cap out of 10 companies in the Industrials sector.
Max 2
High
At a PE of 6.68, AMFG.JK ranks 7 out of 10 companies in the Industrials sector for P/E value. The average PE is 16.08 (unadjusted). A high P/E ratio often indicates higher growth expectation, or other qualitative factors that led investors to believe that the company has a defensible competitive advantage compared to its peers in Industrials. In this regard, it trails behind sector leaders such as PT Impack Pratama Industri Tbk (46.17) in the Industrials sector.
Max 2
Medium
At a PE of 6.68, AMFG.JK is trading at a lower PE than that of its subsector peers in Industrial Goods (median of 8.04). A lower P/E value presents a potential value opportunity, but it might also indicate that the company is facing headwinds in its business.
Max 2
Medium
At a revenue of IDR 5.86 trillion, AMFG.JK ranks 5 in Revenue out of 10 companies in the Industrials sector.
Max 2
Medium
At a profit of IDR 0.38 trillion, AMFG.JK ranks 7 in Profit out of 10 companies in the Industrials sector.
Max 2

Future

Future Growth of AMFG

Growth Forecasts

No data available

Sector Benchmark

Industrial Goods companies in Indonesia are shrinking at a projected rate of -3.82% against the IDX average of +12.0%.

Industrial Goods sector overview
No data is available for AMFG at the moment.
Future growth prospect of AMFG
WeightNotesScore
High
AMFG's projected growth rate of -3.82% is below the ID market average of 11.98%.●●●
Max 3
High
The Industrial Goods sub-sector is projected to shrink revenue by -4.05% in 2024. This number is lower than the previous year 2023's growth rate of 1.64%. false
Max 3
Medium
The Industrial Goods sub-sector is projected to decrease earnings by -15.66% in 2024. This number is lower than the previous year 2023's EPS growth of -3.86%. false
Max 3
Medium
AMFG and its peers in the Industrial Goods sub-sector belongs to the Industrials sector. Companies in the Industrials sector are projected to have a challenging year heading into 2024. Specifically, earnings are projected to increase by 2.83% in 2024 while revenue growth is projected to increase by 2.96%. These macroeconomic trends will likely be a headwind for AMFG's earnings growth prospects in the next 2 years.
Max 3
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Management

Executive Management

President Director

Mampei Chiyoda15.2 years

Vice President Director

Mohamad Amien15.4 years
Yo Nakahara
Director
Takashi Nekoda
Director
Bambang Widyawardhana Maulana
Director
Kazuhiro Onogawa
Director
Christoforus
Director
Samuel Nugroho Setyono
Director
Kiichiro Yoshizawa
Director
Teguh Ari Widodo
Director
Kazuo Ninomiya
Director
NamePositionShares%
No data is available for AMFG at the moment.
Expressed in millions IDR, unless otherwise stated

Ownership

AMFG Ownership

Others
13.53%
Insiders
86.16%
Institutions
0.31%
NameNumber of SharesOwnership (%)Value
Agc Inc.193,240,40044.531,120.79B
Pt Rodamas180,677,70041.631,047.93B
Public (Scripless)56,031,40012.91324.98B
Public (Scrip)4,050,5000.9323.49B

Largest Institutional Buy

No data is available for AMFG at the moment.

Largest Institutional Sell

Pharus Management Lux S.A.
Sold 31-01-2024
-24,000 shares

Institutional Transactions

Tracking institutional transactions buying / selling of AMFG stock