Risk factor
Very high price volatility
Profitability factor
Undervalued vs peers
About
Established in 1989 and headquartered in Bogor, Indonesia, PT Ace Oldfields Tbk manufactures and supplies a comprehensive range of painting equipment for the painting sector. The company markets its diverse product line under the Ace Oldfields and PRIMA brands. Offerings include various types of paint rollers, handles, and brushes (such as paint, wire, ruler, foam, decorative, tampiko, and industrial cleaning brushes). Their catalog further extends to specialized items like minirolls, ship paint rolls, bubble breaker rolls, foam rolls, along with accessories like iron and plastic capes, plasterboards, tape measures, and connecting sticks for roller handles. PT Ace Oldfields Tbk not only serves the Indonesian market but also exports its products internationally.
Company Valuation
Based on key historical and expected multiples, the stock is undervalued relative to its peers. Specifically, the stock is fairly valued on P/E, neutral on EV/EBITD.