1. Indonesia Stocks

  2. •

    Consumer Cyclical

  3. •

    Packaging & Containers
PT Asiaplast Industries Tbk

PT Asiaplast Industries Tbk

APLI.JK
PT Asiaplast Industries TbkID flagIndonesia Stock Exchange
250.00
IDR
+2.00
- -
340.67BMarket Cap
PT Asiaplast Industries Tbk
APLI.JK
(Indonesia Stock Exchange)

Recent

price

250.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2019
2020
2021
2022
2023
2024
2025
TTM
FRC
321.42
238.9
308.74
386.61
344.28
293.32
220.5
218.71
Revenue per Share
7.06
-4.7
17.05
34.2
37
12.45
4.14
4.25
Basic EPS, GAAP
-14.75
-2.53
-11.89
-9.14
-26.92
-14.12
-26.8
-13.24
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
5.5
- -
- -
Dividend per Share
151.08
146.5
163.55
197.68
234.6
241.48
245.54
243.96
Book Value per Share
156.12
151.17
169.55
204.71
245
252.13
257.14
255.43
Tangible Book Value per Share
1,363
1,363
1,363
1,363
1,363
1,363
1,363
1,363
Basic Weighted Avg Shares
437,990
325,538
420,717
526,828
469,139
399,693
300,472
298,036
Sales/Revenue/Turnover
7.03
2.15
6.33
11.72
14.18
5.49
-2.07
-1.85
Operating Margin (%)
4,119
6,258
5,148
5,049
4,267
5,579
5,983
6,008
Depreciation Expense
9,618
-6,408
23,233
46,609
50,415
16,970
5,635
5,793
Net Income, GAAP
51
- -
9.88
23.9
24.45
25.48
19.36
20.05
Effective Tax Rate (%)
2.2
-1.97
5.52
8.85
10.75
4.25
1.88
1.94
Profit Margin (%)
35,712
50,529
43,058
98,606
140,917
160,012
157,371
160,151
Working Capital
18,646
11,866
3,960
337
- -
- -
- -
- -
LT Debt
212,741
205,991
231,035
278,955
333,849
343,564
350,399
348,069
Total Equity
- -
- -
8.17
14.14
13.42
4.32
-1.35
-1.2
Return on Invested Capital (%)
- -
- -
10.37
16.08
15.05
5.05
1.91
1.99
Return on Capital (%)
- -
-3.16
11
18.94
17.12
5.23
1.7
1.76
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
25,340
21,029
22,722
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,363
1,363
1,363
Market Capitalization
664,984
509,639
310,689

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
211,432
209,604
221,539
Cash, Cash Equivalents & STI
118,923
116,001
111,519
Accounts Receivable, Net
32,208
34,751
39,045
Inventories
55,561
54,272
65,540
Total Current Liabilities
56,587
52,232
61,388
Payables & Accruals
- -
- -
- -
ST Debt
25,340
21,029
22,722
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
11.5%
1.99%
Free Cash Flow
- -
116.68%
89.82%
Net Income, GAAP
- -
-97.38%
-66.79%
Sales/Revenue/Turnover
- -
0.78%
-24.82%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
104,474
99,852
102,196
93,171
399,693
2025
75,391
70,438
74,388
80,255
300,472
2026
72,955
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5.49
- -
- -
- -
12.45
2025
-1.7
- -
- -
- -
4.14
2026
-1.58
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
5.5
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Similar Companies
Smurfit Kappa Group Plc (SMFKY)
Jia Yao Holdings Limited (1626.HK)
Bram Industries Ltd. (BRAM.TA)
Arrow Greentech Limited (ARROWGREEN.NS)
Zignago Vetro S.p.A. (0NNC.L)
Shin Hwa Dynamics Co., Ltd. (001770.KS)
Business
PT Asiaplast Industries Tbk manufactures and trades flexible polyvinyl chloride (PVC) films and sheets, PVC sponge and leatherette sheets, rigid PVC films and sheets, and polyethylene terephthalate (PET) sheets in Indonesia; its flexible PVC products serve stationery, furniture, home appliances, and general packaging applications; leatherette finds use in bags, wallets, belts, shoes, door trims, steering covers, and tents; rigid films support pharmaceutical blisters, food-grade thermoform packaging; PET sheets apply to drinking cups, food trays, cosmetics, electronics, semiconductors, and automotive parts packaging; thermoforming products include trays for biscuits, vegetables, pharmacies, and toys. The company operates through Plastic and Electronics segments, with production facilities on a 97,830 square meter site in Gembor Village, Periuk District, Tangerang, Banten province; it maintains a total capacity of 25,000 metric tons per annum across five units, including two PVC sponge lines at 12,000 tons; PT Maco Amangraha serves as its parent company. Founded on August 5, 1992, and listed on the Indonesia Stock Exchange since 2000, the company is headquartered at Jl. K.H. E.Z. Muttaqien No. 94, Kel. Gembor, Kec. Periuk, Tangerang 15133, Indonesia, primarily targeting domestic industrial markets with approximately 190-1,000 employees. In recent developments, PT Asiaplast Industries Tbk announced an equity buyback program in 2024-2025, allocating IDR 1.26-1.267 billion to repurchase up to 1.5 billion shares representing 0.82% of issued capital; it reported full-year 2024 net profit of IDR 17 billion on revenue of IDR 399.7 billion, down from prior year, alongside nine-month 2025 earnings updates; the company continues product diversification emphasis, including food-grade PET sheets via thermoforming technology and historical shifts to recycled PET materials for sustainability.