Risk factor
Very high price volatility
Profitability factor
Greatly undervalued vs peers
About
PT Garuda Maintenance Facility Aero Asia Tbk (GMF AeroAsia) specializes in comprehensive aircraft Maintenance, Repair, and Overhaul (MRO) services for various aircraft types, engines, and components. Serving clients across six continents—Africa, Asia, Australia, America, Europe, and Oceania—its operational scope is structured into three primary segments: Repairs & Overhauls, Line Maintenance, and Other Operations. GMF AeroAsia delivers a broad spectrum of services, encompassing critical airframe and line maintenance, meticulous engine and APU (Auxiliary Power Unit) care, and extensive component overhauls. Further offerings include specialized engineering support, material and logistics management, detailed cabin maintenance, and comprehensive training programs. The company also provides essential ground support equipment services, aircraft painting, and technical ground handling. Beyond its core aviation MRO, GMF AeroAsia extends its expertise to aircraft military and land system defense, power solutions, and urgent Aircraft On Ground (AOG) support. Established in 1949, the company's headquarters are situated in Tangerang, Indonesia, and it operates as a key subsidiary of PT Garuda Indonesia (Persero) Tbk.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. Specifically, the stock is 'cheap' on P/E, neutral on EV/EBITDA, u