Asahimas Flat Glass Tbk
PT Asahimas Flat Glass Tbk manufactures and sells flat and safety glass products in Indonesia. It operates in two segments, Flat Glass and Automotive Glass. The Flat Glass segment offers a range of clear and tinted glass, figured glass, reflective glass, coated glass, and mirror glass, which are used primarily for glass curtain walls, window glass, and suspended glass in building construction and… Read more
Asahimas Flat Glass Tbk (AMFG) - Net Assets
Latest net assets as of September 2025: Rp4.57 Trillion IDR
Based on the latest financial reports, Asahimas Flat Glass Tbk (AMFG) has net assets worth Rp4.57 Trillion IDR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp7.24 Trillion) and total liabilities (Rp2.68 Trillion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rp4.57 Trillion |
| % of Total Assets | 63.04% |
| Annual Growth Rate | 10.44% |
| 5-Year Change | 53.37% |
| 10-Year Change | 32.54% |
| Growth Volatility | 10.83 |
Asahimas Flat Glass Tbk - Net Assets Trend (2000–2024)
This chart illustrates how Asahimas Flat Glass Tbk's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Asahimas Flat Glass Tbk (2000–2024)
The table below shows the annual net assets of Asahimas Flat Glass Tbk from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp4.49 Trillion | +5.96% |
| 2023-12-31 | Rp4.24 Trillion | +13.99% |
| 2022-12-31 | Rp3.72 Trillion | +12.96% |
| 2021-12-31 | Rp3.29 Trillion | +12.41% |
| 2020-12-31 | Rp2.93 Trillion | -14.08% |
| 2019-12-31 | Rp3.41 Trillion | -5.19% |
| 2018-12-31 | Rp3.60 Trillion | +1.35% |
| 2017-12-31 | Rp3.55 Trillion | -1.40% |
| 2016-12-31 | Rp3.60 Trillion | +6.17% |
| 2015-12-31 | Rp3.39 Trillion | +6.46% |
| 2014-12-31 | Rp3.18 Trillion | +15.36% |
| 2013-12-31 | Rp2.76 Trillion | +12.36% |
| 2012-12-31 | Rp2.46 Trillion | +14.54% |
| 2011-12-31 | Rp2.15 Trillion | +16.40% |
| 2010-12-31 | Rp1.84 Trillion | +20.51% |
| 2009-12-31 | Rp1.53 Trillion | +2.14% |
| 2008-12-31 | Rp1.50 Trillion | +15.13% |
| 2007-12-31 | Rp1.30 Trillion | +13.28% |
| 2006-12-31 | Rp1.15 Trillion | -4.40% |
| 2005-12-31 | Rp1.20 Trillion | +16.45% |
| 2004-12-31 | Rp1.03 Trillion | +19.93% |
| 2003-12-31 | Rp859.82 Billion | +18.10% |
| 2002-12-31 | Rp728.07 Billion | +34.54% |
| 2001-12-31 | Rp541.16 Billion | +30.64% |
| 2000-12-31 | Rp414.25 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Asahimas Flat Glass Tbk's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 22545.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp4.03 Trillion | 89.66% |
| Common Stock | Rp217.00 Billion | 4.83% |
| Other Comprehensive Income | Rp82.50 Billion | 1.84% |
| Other Components | Rp165.08 Billion | 3.67% |
| Total Equity | Rp4.49 Trillion | 100.00% |
Asahimas Flat Glass Tbk Competitors by Market Cap
The table below lists competitors of Asahimas Flat Glass Tbk ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Thaire Life Assurance Public Company Limited
BK:THREL
|
$12.78 Million |
|
We.Connect SA
F:77P
|
$12.78 Million |
|
NBI Bearings Europe S.A.
MC:NBI
|
$12.79 Million |
|
Earth Science Tech Inc
PINK:ETST
|
$12.79 Million |
|
ALT Telecom Public Company Limited
BK:ALT
|
$12.78 Million |
|
Cyngn Inc
NASDAQ:CYN
|
$12.76 Million |
|
Stella Holdings Bhd
KLSE:5006
|
$12.75 Million |
|
Mostostal Warszawa S.A.
WAR:MSW
|
$12.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Asahimas Flat Glass Tbk's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,240,737,000,000 to 4,493,485,000,000, a change of 252,748,000,000 (6.0%).
- Net income of 238,610,000,000 contributed positively to equity growth.
- Dividend payments of 34,612,000,000 reduced retained earnings.
- Other factors increased equity by 48,750,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp238.61 Billion | +5.31% |
| Dividends Paid | Rp34.61 Billion | -0.77% |
| Other Changes | Rp48.75 Billion | +1.08% |
| Total Change | Rp- | 5.96% |
Book Value vs Market Value Analysis
This analysis compares Asahimas Flat Glass Tbk's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.33x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.98x to 0.33x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | Rp3523.76 | Rp3460.00 | x |
| 2010-12-31 | Rp4246.37 | Rp3460.00 | x |
| 2011-12-31 | Rp4942.86 | Rp3460.00 | x |
| 2012-12-31 | Rp5661.50 | Rp3460.00 | x |
| 2013-12-31 | Rp6361.12 | Rp3460.00 | x |
| 2014-12-31 | Rp7337.88 | Rp3460.00 | x |
| 2015-12-31 | Rp7811.57 | Rp3460.00 | x |
| 2016-12-31 | Rp8293.24 | Rp3460.00 | x |
| 2017-12-31 | Rp8177.14 | Rp3460.00 | x |
| 2018-12-31 | Rp8287.25 | Rp3460.00 | x |
| 2019-12-31 | Rp7856.98 | Rp3460.00 | x |
| 2020-12-31 | Rp6750.78 | Rp3460.00 | x |
| 2021-12-31 | Rp7588.41 | Rp3460.00 | x |
| 2022-12-31 | Rp8571.82 | Rp3460.00 | x |
| 2023-12-31 | Rp9771.28 | Rp3460.00 | x |
| 2024-12-31 | Rp10353.65 | Rp3460.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Asahimas Flat Glass Tbk utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.31%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.39%
- • Asset Turnover: 0.75x
- • Equity Multiplier: 1.62x
- Recent ROE (5.31%) is below the historical average (11.09%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 23.41% | 10.29% | 0.75x | 3.05x | Rp72.35 Billion |
| 2002 | 28.48% | 15.97% | 0.86x | 2.07x | Rp134.10 Billion |
| 2003 | 19.03% | 12.03% | 0.91x | 1.73x | Rp77.49 Billion |
| 2004 | 20.05% | 14.19% | 0.93x | 1.52x | Rp103.67 Billion |
| 2005 | 17.70% | 12.36% | 1.10x | 1.30x | Rp92.47 Billion |
| 2007 | 11.78% | 8.02% | 1.09x | 1.35x | Rp23.09 Billion |
| 2008 | 15.25% | 10.21% | 1.12x | 1.33x | Rp78.54 Billion |
| 2009 | 4.40% | 3.52% | 0.97x | 1.29x | Rp-85.64 Billion |
| 2010 | 17.96% | 13.64% | 1.02x | 1.29x | Rp146.68 Billion |
| 2011 | 15.71% | 12.98% | 0.96x | 1.25x | Rp122.47 Billion |
| 2012 | 14.11% | 12.13% | 0.92x | 1.27x | Rp100.90 Billion |
| 2013 | 12.26% | 10.52% | 0.91x | 1.28x | Rp62.29 Billion |
| 2014 | 14.40% | 12.49% | 0.94x | 1.23x | Rp140.17 Billion |
| 2015 | 10.07% | 9.31% | 0.86x | 1.26x | Rp2.32 Billion |
| 2016 | 7.24% | 6.99% | 0.68x | 1.53x | Rp-99.48 Billion |
| 2017 | 1.09% | 0.99% | 0.62x | 1.77x | Rp-316.32 Billion |
| 2018 | 0.18% | 0.15% | 0.53x | 2.34x | Rp-353.07 Billion |
| 2019 | -3.88% | -3.08% | 0.49x | 2.56x | Rp-473.22 Billion |
| 2020 | -14.71% | -11.44% | 0.47x | 2.72x | Rp-723.97 Billion |
| 2021 | 9.68% | 6.71% | 0.64x | 2.25x | Rp-10.66 Billion |
| 2022 | 11.76% | 7.85% | 0.75x | 2.01x | Rp65.35 Billion |
| 2023 | 13.75% | 9.86% | 0.79x | 1.77x | Rp159.22 Billion |
| 2024 | 5.31% | 4.39% | 0.75x | 1.62x | Rp-210.74 Billion |
Industry Comparison
This section compares Asahimas Flat Glass Tbk's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $3,861,107,539,865
- Average return on equity (ROE) among peers: 4.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Asahimas Flat Glass Tbk (AMFG) | Rp4.57 Trillion | 23.41% | 0.59x | $12.78 Million |
| Berkah Beton Sadaya Tbk PT (BEBS) | $681.85 Billion | 16.14% | 0.07x | $8.87 Million |
| PT Superior Prima Sukses Tbk (BLES) | $752.36 Billion | 19.59% | 1.03x | $5.43 Million |
| Cemindo Gemilang Tbk PT (CMNT) | $3.84 Trillion | -2.30% | 3.72x | $81.15 Million |
| Citatah Tbk (CTTH) | $75.99 Billion | 1.21% | 1.87x | $2.34 Million |
| HK Metals Utama Tbk PT (HKMU) | $464.43 Billion | -50.59% | 1.00x | $9.46 Million |
| Indocement Tunggal Prakarsa (INTP) | $22.98 Trillion | 21.80% | 0.16x | $316.72 Million |
| NAIK (NAIK) | $179.52 Billion | 17.21% | 0.34x | $52.38 |
| Semen Baturaja Persero Tbk (SMBR) | $3.12 Trillion | 8.30% | 0.40x | $33.55 Million |
| Solusi Bangun Indonesia Tbk PT (SMCB) | $2.66 Trillion | 6.55% | 1.88x | $5.66 Million |