Asahimas Flat Glass Tbk

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 2.10Trillion

~$128.98M USD

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

Valuation

AMFG Valuation Metrics

4,840

IDR
0.0%

Closing Price on 2024-07-19

Price to Equity

5.05

P/E

At 5.05x P/E TTM, AMFG.JK is trading at a discount to its peers in the Industrial Goods sector.

Price to Book

0.49

P/B

At 0.49x P/B TTM, AMFG.JK is trading at a discount to its peers in the Industrial Goods sector.

Price to Sales

0.37

P/S

At 0.37x 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 Flow2.80x
Price/Forward Earnings-
Enterprise Value/Revenue0.64x
Enterprise Value/EBITDA5.05x
PEG Ratio-0.06x

Intrinsic Value

Last closing: IDR4,8402024-07-19
IDR 11,626.15

Considerably Higher Intrinsic Value: Analyst's intrinsic value is of AMFG is IDR11,626, which is 141% higher than AMFG's last closing price of IDR4,840 (as of 2024-07-19).

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 5.05x is below the ID market average of 8.44x and is trading at a discount to peers in the Industrial Goods sector (6.05x).

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 0.49x is similar to the peers average of 0.58x in the Industrial Goods sector.

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 0.37x is similar to the peers average of 0.58x 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.

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 2.80x is considered healthy by analysts.

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 0.64x is considered extremely underpriced by the market. The average EV/R ratio for the Industrial Goods sector is 0.95x.

Medium
Considerably Higher Intrinsic Value: Analyst's intrinsic value is of AMFG is IDR 11,626.15, which is 141% higher than AMFG's last closing price of IDR 4,840.00.

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 Tbk183.39T460.03T 314.79T 32.58T 5.630.89
UNTRUnited Tractors Tbk88.43T161.43T 126.11T 19.84T 4.461.04
IMPCPT Impack Pratama Industri Tbk18.99T3.78T 2.86T 0.46T 41.447.85
HEXAHexindo Adiperkasa Tbk5.61T6.51T 9.73T 0.89T 6.331.97
ARNAArwana Citramulia Tbk5.17T2.69T 2.42T 0.40T 12.783.24
BNBRBakrie & Brothers Tbk4.00T6.99T 3.78T 0.22T 18.141.80
BHITPT MNC Asia Holding Tbk3.68T71.56T 15.04T 0.22T 16.700.21
MARKPT Mark Dynamics Indonesia Tbk.3.38T1.04T 0.64T 0.20T 17.103.72
MLIAMulia Industrindo Tbk2.54T6.98T 4.59T 0.53T 4.800.50
SMILPT Sarana Mitra Luas Tbk2.45T0.88T 0.23T 0.04T 55.663.43
Competitiveness Recap of AMFG stock
WeightNotesScore
High
At a market cap of IDR 2,100.56 billion, AMFG.JK ranks 10 in Market Cap out of 10 companies in the Industrials sector.

High
At a PE of 5.05, AMFG.JK ranks 8 out of 10 companies in the Industrials sector for P/E value. The average PE is 13.24 (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 (41.44) in the Industrials sector.

Medium
At a PE of 5.05, AMFG.JK is trading at a lower PE than that of its subsector peers in Industrial Goods (median of 6.05). A lower P/E value presents a potential value opportunity, but it might also indicate that the company is facing headwinds in its business.

Medium
At a revenue of IDR 5.63 trillion, AMFG.JK ranks 5 in Revenue out of 10 companies in the Industrials sector.

Medium
At a profit of IDR 0.42 trillion, AMFG.JK ranks 6 in Profit out of 10 companies in the Industrials sector.

Future

Future Growth of AMFG

Growth Forecasts

Analyst Ratings

No analyst ratings available yet.

Sector Benchmark

Industrial Goods companies in Indonesia are shrinking at a projected rate of -54.52% against the IDX average of +13.8%.

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 -54.52% is below the ID market average of 13.82%.

High
The Industrial Goods sub-sector is projected to shrink revenue by -14.07% in 2025. This number is lower than the previous year 2024's growth rate of -5.49%. false

Medium
The Industrial Goods sub-sector is projected to decrease earnings by 0.00% in 2025. This number is lower than the previous year 2024's EPS growth of 0.00%. false

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 2025. Specifically, earnings are projected to decrease by -10.41% in 2025 while revenue growth is projected to decrease by -4.79%. These macroeconomic trends will likely be a tailwind for AMFG's earnings growth prospects in the next 2 years.

Technical

Daily Technical Ratings of AMFG

Oscillators

Neutral

Sell

2

Neutral

8

Buy

1

Summary

Neutral

Sell

8

Neutral

9

Buy

9

Moving Averages

Buy

Sell

6

Neutral

1

Buy

8

Summary

Technical Ratings of AMFG
IndicatorSummarySellNeutralBuy
SummaryNeutral899
OscillatorsNeutral281
Moving AveragesBuy618

Last Update: 2024-07-19

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Management

Executive Management

President Director

Mampei Chiyoda15.2 years

Vice President Director

Mohamad Amien15.4 years
Yo NakaharaDirector
Takashi NekodaDirector
Bambang Widyawardhana MaulanaDirector
Kazuhiro Onogawa Director
ChristoforusDirector
Samuel Nugroho SetyonoDirector
Kiichiro Yoshizawa Director
Teguh Ari WidodoDirector
Kazuo NinomiyaDirector
NamePositionShares%Stock Value
(in Billion IDR)
No data is available for AMFG at the moment.

Ownership

AMFG Ownership

NameNumber of SharesOwnership (%)Value
Agc Inc.193,240,40044.53935.28B
Pt Rodamas180,677,70041.63874.48B
Public (Scripless)56,031,40012.91271.19B
Public (Scrip)4,050,5000.9319.60B

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

AMFG Filings

No noteworthy filings to report on

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