Risk factor
Very poor trading liquidity
Profitability factor
Greatly undervalued vs peers
About
PT Asahimas Flat Glass Tbk operates as a leading producer and distributor of various flat and safety glass products within Indonesia. The company's operations are segmented into two core areas: Flat Glass and Automotive Glass. Its Flat Glass division provides a comprehensive selection of glass types, including transparent, tinted, patterned, reflective, coated, and mirrored options. These are primarily utilized in construction for architectural elements such as glass curtain walls, windows, and suspended glass applications, and also serve as essential raw materials for other manufacturing industries. Conversely, the Automotive Glass segment focuses on manufacturing tempered and laminated glass specifically for the vehicle industry. Beyond production, the company offers automotive glass replacement, repair, and installation services. Its products are also distributed internationally through exports. Established in 1971 and headquartered in North Jakarta, Indonesia, the company was originally known as PT Asahimas Flat Glass Co., Ltd. before officially changing its name to PT Asahimas Flat Glass Tbk in June 1998.
Company Valuation
Considering past and projected metrics, the stock is distinctly 'cheaper' than its peers. Specifically, the stock is fairly valued on P/E, undervalued on EV/EBITDA, under