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PT Asahimas Flat Glass Tbk

PT Asahimas Flat Glass Tbk

IIDX:AMFG
2,960.00
IDR
0.00
(0.00%)
260.14EPS
11.49P/E
1.30TMarket Cap
PT Asahimas Flat Glass Tbk
IDX:AMFG
(Indonesia Stock Exchange)

Recent

price

2,960.00

P/E

ratio

11.49

div

yld

-0.02%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
IDR
5,590.18
5,982.19
6,583.66
7,411.24
8,461.26
8,446.98
8,580.82
8,953.44
10,237.93
9,884.28
8,681.54
10,940.41
12,838.17
13,625.73
12,537.47
11,718.87
12,399.59
Revenue per Share
762.61
776.49
798.64
779.63
1,069.47
786.51
600.1
88.87
15.2
-304.66
-993.06
734.27
1,007.76
1,344
549.79
183.48
260.14
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
40
80
80
80
80
80
80
80
30
30
- -
- -
79.75
81.18
79.75
79.32
-0.68
Dividend per Share
4,246.37
4,942.86
5,661.5
6,207.03
7,146.18
7,811.57
8,293.24
8,177.14
8,287.25
7,856.98
6,750.78
7,588.41
8,571.82
9,771.28
10,353.65
10,785.67
11,022.24
Book Value per Share
4,243.18
4,936.42
5,657.14
6,203.77
7,131.93
7,797.32
8,280.53
8,167.92
8,277.59
7,556.37
6,442.76
7,280.68
8,267.32
9,477.9
10,069.57
10,503.57
10,743.65
Tangible Book Value per Share
434
434
434
434
434
434
434
434
434
434
434
434
434
434
434
434
434
Basic Weighted Avg Shares
2,426,138
2,596,271
2,857,310
3,216,480
3,672,186
3,665,989
3,724,075
3,885,791
4,443,262
4,289,776
3,767,789
4,748,139
5,571,767
5,913,565
5,441,260
5,085,991
5,381,420
Sales/Revenue/Turnover
17.52
16.01
15.25
11.96
14.39
10.39
10.12
3.33
3.54
-2.68
-8.08
10.14
14.59
14.59
8
4.64
4.71
Operating Margin (%)
11,912
8,911
7,731
8,507
9,872
10,902
9,773
14,736
22,819
30,513
53,589
46,282
34,441
33,962
29,660
28,969
27,009
Depreciation Expense
330,973
336,995
346,609
338,358
464,152
341,346
260,444
38,569
6,596
-132,223
-430,987
318,672
437,370
583,297
238,610
79,631
112,899
Net Income, GAAP
24.61
24.55
25.27
24.93
23.3
26.48
25.28
39.35
41.02
- -
- -
15.87
22.7
22.82
24.55
43.56
25.3
Effective Tax Rate (%)
13.64
12.98
12.13
10.52
12.64
9.31
6.99
0.99
0.15
-3.08
-11.44
6.71
7.85
9.86
4.39
1.57
2.1
Profit Margin (%)
957,858
1,140,293
1,231,799
1,506,156
1,865,490
1,751,805
902,637
1,006,418
470,014
61,570
-471,582
-20,794
406,675
853,566
625,592
941,308
1,069,656
Working Capital
- -
- -
- -
- -
- -
- -
586,096
1,194,366
2,613,265
2,479,295
1,967,893
1,537,148
1,092,942
599,061
541,508
405,407
498,876
LT Debt
1,842,925
2,145,200
2,457,089
2,693,853
3,101,440
3,390,223
3,599,264
3,548,877
3,596,666
3,409,931
2,929,837
3,293,369
3,720,172
4,240,737
4,493,485
4,680,982
4,783,652
Total Equity
19.23
16.11
14.42
12.35
14.73
9.65
6.79
1.21
1.75
- -
- -
6.31
10.32
10.83
5.72
2.37
3.31
Return on Invested Capital (%)
19.63
16.9
15.06
13.14
16.02
10.52
7.02
1.04
0.49
- -
- -
5.85
8.33
11.38
5.36
2.19
2.76
Return on Capital (%)
19.63
16.9
15.06
13.14
16.02
10.52
7.45
1.08
0.18
-3.77
-13.6
10.24
12.47
14.65
5.46
1.74
2.42
Return on Common Equity (%)

Capital Structure

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
707,426
727,337
762,362
LT Borrowings
370,557
341,891
472,733
LT Finance Leases
34,850
30,336
26,143
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
434
434
434
Market Capitalization
1,471,260
1,384,460
1,297,660

Working Capital

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,286,743
2,304,564
2,531,241
Cash, Cash Equivalents & STI
54,386
30,679
31,045
Accounts Receivable, Net
519,930
439,261
604,958
Inventories
1,609,348
1,727,476
1,754,665
Total Current Liabilities
1,345,435
1,467,232
1,461,585
Payables & Accruals
- -
- -
- -
ST Debt
707,426
727,337
762,362
Deferred Revenue
- -
- -
- -

Growth Rates

IDR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.63%
9.9%
4.17%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
-229.95%
-45.81%
-66.63%
Sales/Revenue/Turnover
3.96%
7%
-6.53%
Total Cash Common Dividend
- -
- -
-0.54%

Quarterly Revenue

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,286,300
1,344,590
1,499,962
1,310,408
5,441,260
2025
1,177,680
1,189,718
1,334,459
1,384,134
5,085,991
2026
1,219,178
1,443,649
- -
- -
- -

Quarterly Earnings Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
99.34
35.35
259.17
155.94
549.79
2025
119.3
2.7
41.51
19.97
183.48
2026
-5.21
203.86
- -
- -
- -

Quarterly Dividends Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
-0.25
79.75
2025
- -
- -
- -
-0.68
79.32
2026
- -
- -
- -
- -
- -
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Business
PT Asahimas Flat Glass Tbk manufactures and sells flat glass and safety glass products in Indonesia. The company operates in two primary segments, Flat Glass and Automotive Glass; the Flat Glass segment produces clear float glass, tinted glass, figured glass, reflective coated glass, low-E coated glass, coated glass, mirror glass, and interior glass used in building construction, curtain walls, windows, suspended glass applications, and as raw materials for downstream industries; the Automotive Glass segment offers tempered glass, laminated glass with polyvinyl butyral (PVB) interlayers for safety and visibility, and automotive glass repair and installation services for vehicle glazing and aftersales markets. It maintains production facilities in Cikampek (West Java) and Sidoarjo (East Java) with total capacities of 720,000 tons per year for flat glass, 6.8 million square meters per year for mirrors, and 5.8 million square meters per year for automotive glass; products serve domestic markets throughout Indonesia and export to Southeast Asia, Asia, Europe, and North America. Founded in 1971 as a joint venture between AGC Inc. (Japan) and PT Rodamas (Indonesia), the company is headquartered in North Jakarta, Indonesia, listed on the Indonesia Stock Exchange since its 1995 IPO, and completed relocation of flat glass production from Jakarta to Cikampek between 2015 and 2019 to enhance efficiency and capacity. Recent developments include plans announced in 2024 to expand into warehouse leasing (KBLI 6811) by utilizing idle assets across business locations such as Ancol; in 2025, it invests US$10-20 million in capital expenditures for maintenance, new machinery including camera inspection systems and electrical devices for electric vehicle (EV) glass trends, and secured exclusive contracts with major domestic EV manufacturers; additionally, its float and coated glass products earned Cradle to Cradle Certified Bronze certification in 2024 alongside AGC Flat Glass Thailand, emphasizing sustainability through energy-efficient technologies like solar panels and regenerator improvements that reduce CO2 emissions.