Risk factor
Very high price volatility
Profitability factor
Undervalued vs peers
About
PT Ever Shine Tex Tbk, operating with its subsidiaries in Indonesia, focuses on the manufacturing and sale of synthetic yarns and various fabric products. Its comprehensive range of yarns includes diverse nylon types such as filament, air-textured, micro, high-stretch, dope-dyed (black/white), mélange, and other specialized varieties. The company also produces high-stretch and air-textured polyester yarns. In addition to yarns, the firm provides woven fabrics made from nylon, polyester, or nylon/polyester blends, as well as warp-knitted fabrics, primarily serving the garment and lifestyle industries. Furthermore, PT Ever Shine Tex Tbk offers products enhanced with functional treatments like anti-static properties, water repellency, waterproofing, polyurethane coating, milky or silver coating, breathable coating, and wicking capabilities. These offerings are distributed under brand names such as PRD, APL 10000, APOLLO, HUT 1080, DECOTEX, LININGTEX, and PRO-COTTON. Founded in 1973 and headquartered in Jakarta, Indonesia, the company is a subsidiary of PT Cahaya Interkontinental.
Company Valuation
Based on key historical and expected multiples, the stock is undervalued relative to its peers. Specifically, the stock is neutral on EV/EBITDA, underpriced on P/FC.