Asahimas Flat Glass Tbk (AMFG) - Net Assets
Based on the latest financial reports, Asahimas Flat Glass Tbk (AMFG) has net assets worth Rp4.57 Trillion IDR (≈ $267.59 Million USD) 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 ≈ $424.48 Million USD) and total liabilities (Rp2.68 Trillion ≈ $156.89 Million USD). 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. Check Asahimas Flat Glass Tbk tangible equity quality to evaluate the tangible quality of the company's equity base.
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. See how many days can Asahimas Flat Glass Tbk fund operations to measure how many days the company can operate on defensive assets alone.
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. For live valuation and market cap data, see AMFG market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp4.49 Trillion ≈ $263.30 Million |
+5.96% |
| 2023-12-31 | Rp4.24 Trillion ≈ $248.49 Million |
+13.99% |
| 2022-12-31 | Rp3.72 Trillion ≈ $217.99 Million |
+12.96% |
| 2021-12-31 | Rp3.29 Trillion ≈ $192.98 Million |
+12.41% |
| 2020-12-31 | Rp2.93 Trillion ≈ $171.68 Million |
-14.08% |
| 2019-12-31 | Rp3.41 Trillion ≈ $199.81 Million |
-5.19% |
| 2018-12-31 | Rp3.60 Trillion ≈ $210.75 Million |
+1.35% |
| 2017-12-31 | Rp3.55 Trillion ≈ $207.95 Million |
-1.40% |
| 2016-12-31 | Rp3.60 Trillion ≈ $210.90 Million |
+6.17% |
| 2015-12-31 | Rp3.39 Trillion ≈ $198.65 Million |
+6.46% |
| 2014-12-31 | Rp3.18 Trillion ≈ $186.61 Million |
+15.36% |
| 2013-12-31 | Rp2.76 Trillion ≈ $161.77 Million |
+12.36% |
| 2012-12-31 | Rp2.46 Trillion ≈ $143.98 Million |
+14.54% |
| 2011-12-31 | Rp2.15 Trillion ≈ $125.70 Million |
+16.40% |
| 2010-12-31 | Rp1.84 Trillion ≈ $107.99 Million |
+20.51% |
| 2009-12-31 | Rp1.53 Trillion ≈ $89.61 Million |
+2.14% |
| 2008-12-31 | Rp1.50 Trillion ≈ $87.73 Million |
+15.13% |
| 2007-12-31 | Rp1.30 Trillion ≈ $76.20 Million |
+13.28% |
| 2006-12-31 | Rp1.15 Trillion ≈ $67.27 Million |
-4.40% |
| 2005-12-31 | Rp1.20 Trillion ≈ $70.37 Million |
+16.45% |
| 2004-12-31 | Rp1.03 Trillion ≈ $60.42 Million |
+19.93% |
| 2003-12-31 | Rp859.82 Billion ≈ $50.38 Million |
+18.10% |
| 2002-12-31 | Rp728.07 Billion ≈ $42.66 Million |
+34.54% |
| 2001-12-31 | Rp541.16 Billion ≈ $31.71 Million |
+30.64% |
| 2000-12-31 | Rp414.25 Billion ≈ $24.27 Million |
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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 |
|---|---|
|
Shih Kuen Plastics Co Ltd
TWO:4305
|
$76.09 Million |
|
CombinedX AB
ST:CX
|
$76.09 Million |
|
Afarak Group Oyj
HE:AFAGR
|
$76.10 Million |
|
Indorama Synthetics Tbk
JK:INDR
|
$76.11 Million |
|
seha corporation
KO:027970
|
$76.03 Million |
|
United U Li Corporation Bhd
KLSE:7133
|
$76.01 Million |
|
DOMESCO Medical Import Export JSC
VN:DMC
|
$76.00 Million |
|
Great Elm Capital Corp
NASDAQ:GECC
|
$75.99 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: 0.29x
- 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 0.85x to 0.29x 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 | Rp2990.00 | x |
| 2010-12-31 | Rp4246.37 | Rp2990.00 | x |
| 2011-12-31 | Rp4942.86 | Rp2990.00 | x |
| 2012-12-31 | Rp5661.50 | Rp2990.00 | x |
| 2013-12-31 | Rp6361.12 | Rp2990.00 | x |
| 2014-12-31 | Rp7337.88 | Rp2990.00 | x |
| 2015-12-31 | Rp7811.57 | Rp2990.00 | x |
| 2016-12-31 | Rp8293.24 | Rp2990.00 | x |
| 2017-12-31 | Rp8177.14 | Rp2990.00 | x |
| 2018-12-31 | Rp8287.25 | Rp2990.00 | x |
| 2019-12-31 | Rp7856.98 | Rp2990.00 | x |
| 2020-12-31 | Rp6750.78 | Rp2990.00 | x |
| 2021-12-31 | Rp7588.41 | Rp2990.00 | x |
| 2022-12-31 | Rp8571.82 | Rp2990.00 | x |
| 2023-12-31 | Rp9771.28 | Rp2990.00 | x |
| 2024-12-31 | Rp10353.65 | Rp2990.00 | 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: $9,651,649,792,079
- Average return on equity (ROE) among peers: 5.44%
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 | $76.04 Million |
| Berkah Beton Sadaya Tbk PT (BEBS) | $815.63 Billion | 5.37% | 0.10x | $13.18 Million |
| Cemindo Gemilang Tbk PT (CMNT) | $3.98 Trillion | 3.89% | 3.51x | $767.67 Million |
| Citatah Tbk (CTTH) | $324.14 Billion | 1.61% | 1.27x | $10.17 Million |
| HK Metals Utama Tbk PT (HKMU) | $14.61 Billion | -1.43% | 20.14x | $9.44 Million |
| Indocement Tunggal Prakarsa (INTP) | $22.18 Trillion | 8.15% | 0.23x | $779.63 Million |
| Semen Baturaja Persero Tbk (SMBR) | $411.87 Billion | 0.00% | 0.70x | $94.29 Million |
| Solusi Bangun Indonesia Tbk PT (SMCB) | $11.20 Trillion | 6.37% | 0.92x | $409.59 Million |
| Semen Indonesia Persero Tbk (SMGR) | $47.24 Trillion | 5.01% | 0.76x | $568.33 Million |
| Waskita Beton Precast Tbk PT (WSBP) | $702.17 Billion | 19.98% | 0.71x | $48.28 Million |
About 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