1. Indonesia Stocks

  2. •

    Consumer Cyclical

  3. •

    Packaging & Containers
PT Fajar Surya Wisesa Tbk

PT Fajar Surya Wisesa Tbk

FASW.JK
PT Fajar Surya Wisesa TbkID flagIndonesia Stock Exchange
5,450.00
IDR
- -
- -
17.56TMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1,951.53
2,146.69
1,951.2
2,311.05
2,886.36
3,909.61
3,252.72
3,111.62
4,694.2
4,284.1
3,038.21
3,106.81
2,515.29
3,077.27
Basic EPS, GAAP
-97.98
36
-121.52
306.06
234.41
552.85
381.13
138.98
242.89
47.18
-246.21
-446.02
-352.64
-442.16
Free Cash Flow per Basic Share
-64.81
-76.85
-208.82
-505.74
-139.05
-404.48
-318.71
-299.89
-192.83
-236.77
-194.1
-139.11
-58.67
-93.02
Dividend per Share
- -
- -
14.62
23.39
177.41
157.91
224.2
179.36
68.23
116
22.42
- -
- -
- -
Book Value per Share
611.8
647.79
511.58
794.24
851.16
1,246.03
1,402.88
1,362.92
1,537.49
1,468.59
1,199.89
784.92
366.53
571.7
Tangible Book Value per Share
595.55
629.97
958.26
1,240.42
1,292.93
1,686.32
1,845.43
1,813.68
2,014.93
1,969.55
1,714.49
1,338.6
1,780.41
2,211.2
Basic Weighted Avg Shares
2,542
2,542
2,542
2,542
2,542
2,542
2,542
2,542
2,542
2,542
2,542
2,478
3,221
2,542
Sales/Revenue/Turnover
4,960,826
5,456,936
4,959,999
5,874,745
7,337,185
9,938,311
8,268,504
7,909,812
11,932,773
10,890,282
7,723,193
7,698,331
8,102,378
7,822,488
Operating Margin (%)
9.87
6.05
3.1
16.6
15.78
25.71
16.56
9.81
8.96
4.52
-5.4
-11.11
-6.22
-9.95
Depreciation Expense
1,049
1,138
1,388
1,291
1,168
1,026
2,202
7,342
6,418
10,901
13,258
11,533
11,112
11,510
Net Income, GAAP
-249,058
91,502
-308,897
778,013
595,868
1,405,368
968,834
353,299
617,427
119,926
-625,865
-1,105,194
-1,135,954
-1,123,992
Effective Tax Rate (%)
- -
31.09
- -
5.89
27.73
29.31
20.63
2.62
26.59
28.87
- -
- -
- -
- -
Profit Margin (%)
-5.02
1.68
-6.23
13.24
8.12
14.14
11.72
4.47
5.17
1.1
-8.1
-14.36
-14.02
-14.37
Working Capital
549,660
-43,030
109,044
151,419
-969,063
519,680
-1,110,259
-650,845
-882,644
-1,803,787
-3,311,000
-4,174,532
-785,251
-772,784
LT Debt
2,433,634
1,668,484
2,564,533
3,020,140
1,824,080
2,939,604
1,581,462
2,743,133
2,251,247
1,830,348
1,249,819
1,727,917
2,364,071
2,666,607
Total Equity
1,533,798
1,616,101
2,445,346
3,158,442
3,288,318
4,288,337
4,692,598
4,613,709
5,125,324
5,011,458
4,363,282
3,321,258
5,738,855
5,624,754
Return on Invested Capital (%)
- -
5.41
- -
13.97
11.37
22.18
12.28
8
7.34
3.1
- -
- -
- -
- -
Return on Capital (%)
- -
4.28
- -
17.51
12.85
23.5
15.59
6.96
8.1
3.13
- -
- -
- -
- -
Return on Common Equity (%)
-14.83
5.72
-20.96
46.88
28.49
52.72
28.78
10.05
16.75
3.14
-18.45
-44.25
-72.69
-55.77

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
5,738,565
5,940,538
2,571,573
LT Borrowings
1,702,071
1,858,789
2,642,495
LT Finance Leases
25,846
22,097
24,112
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,542
2,542
3,073
Market Capitalization
12,277,975
13,854,029
- -

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
2,963,990
3,302,645
3,288,466
Cash, Cash Equivalents & STI
71,962
83,717
79,854
Accounts Receivable, Net
1,441,461
1,654,833
1,752,207
Inventories
1,215,073
1,238,232
1,280,464
Total Current Liabilities
7,138,522
7,548,667
4,061,250
Payables & Accruals
- -
- -
- -
ST Debt
5,738,565
5,940,538
2,571,573
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.63%
8.97%
72.79%
Free Cash Flow
12.72%
-21.25%
-45.17%
Net Income, GAAP
-88.23%
-109.67%
2.78%
Sales/Revenue/Turnover
7.56%
3.59%
5.25%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,052,938
1,841,252
1,792,068
2,012,073
7,698,331
2025
2,007,521
2,010,826
2,177,179
- -
8,102,378
2026
1,953,110
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-70.29
- -
- -
- -
-446.02
2025
-120.61
- -
- -
- -
-352.64
2026
-6
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Yustinus Yusuf J. Kusumah
Full Time Employees
3,113
Sector
Consumer Cyclical
Industry
Packaging & Containers
Address
Jln. Abdul Muis 30 Jakarta Pusat Indonesia 10160
IPO Date
May 15, 2001
Website
fajarpaper.com
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Business
PT Fajar Surya Wisesa Tbk (FASW.JK) manufactures and sells industrial paper products, primarily paperboard and paper-based packaging materials. The company produces coated duplex boards, linerboards, medium papers, corrugated medium papers, kraft liners, sack kraft papers, sack papers, and paper cups under the Fajar brand; it also offers slitting and conversion services for paper products. Headquartered in Surabaya, Indonesia, and founded in 1983, PT Fajar Surya Wisesa Tbk operates production facilities across Java Island and serves domestic and export markets in Southeast Asia, Australia, and beyond, targeting packaging converters, corrugated box makers, and end-users in food, beverage, consumer goods, and industrial sectors. As a key player in Indonesia's pulp and paper industry, the company maintains a vertically integrated operation from pulp processing to finished packaging papers, with subsidiaries including PT Fajar Surya Paper Mills and PT Fajar International Indonesia handling specialized production and distribution. In recent developments within the last two years, PT Fajar Surya Wisesa Tbk expanded its production capacity through investments in new paper machines and sustainability initiatives, including certifications for forest management and reduced emissions; it also formed strategic partnerships for recycled content sourcing and reported robust revenue growth amid rising demand for eco-friendly packaging in 2024-2025. No major acquisitions, funding rounds, or name changes were recorded recently, though the company continues to pursue operational efficiencies and market expansion in line with Indonesia's green economy push.