Asahimas Flat Glass Tbk (AMFG) - Net Assets

Latest as of September 2025: Rp4.57 Trillion IDR ≈ $267.59 Million USD

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 financial resilience of Asahimas Flat Glass Tbk to evaluate the company's liquid asset resilience ratio.

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. Also explore AMFG total assets for the complete picture of this company's asset base.

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	--

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
Jia Wei Lifestyle Inc TW:3557	$80.62 Million
Formosa Electronic Industries TWO:8171	$80.63 Million
Canterbury Park Holding Corporation NASDAQ:CPHC	$80.67 Million
Ratchaphruek Hospital Public Company Limited BK:RPH	$80.68 Million
Future Vision II Acquisition Corporation Ordinary shares NASDAQ:FVN	$80.57 Million
Columbus Acquisition Corp Ordinary Shares NASDAQ:COLA	$80.56 Million
Gascogne SA PA:ALBI	$80.55 Million
Games Workshop Group PLC LSE:GAW	$80.52 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: 0.31x
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 0.90x to 0.31x 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	Rp3170.00	x
2010-12-31	Rp4246.37	Rp3170.00	x
2011-12-31	Rp4942.86	Rp3170.00	x
2012-12-31	Rp5661.50	Rp3170.00	x
2013-12-31	Rp6361.12	Rp3170.00	x
2014-12-31	Rp7337.88	Rp3170.00	x
2015-12-31	Rp7811.57	Rp3170.00	x
2016-12-31	Rp8293.24	Rp3170.00	x
2017-12-31	Rp8177.14	Rp3170.00	x
2018-12-31	Rp8287.25	Rp3170.00	x
2019-12-31	Rp7856.98	Rp3170.00	x
2020-12-31	Rp6750.78	Rp3170.00	x
2021-12-31	Rp7588.41	Rp3170.00	x
2022-12-31	Rp8571.82	Rp3170.00	x
2023-12-31	Rp9771.28	Rp3170.00	x
2024-12-31	Rp10353.65	Rp3170.00	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: $8,666,410,785,910
Average return on equity (ROE) among peers: 16.10%

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	$80.62 Million
Berkah Beton Sadaya Tbk PT (BEBS)	$681.85 Billion	16.14%	0.07x	$13.18 Million
Cemindo Gemilang Tbk PT (CMNT)	$2.74 Trillion	17.20%	5.95x	$817.84 Million
Citatah Tbk (CTTH)	$91.72 Billion	56.35%	2.11x	$10.96 Million
HK Metals Utama Tbk PT (HKMU)	$299.19 Billion	10.27%	2.51x	$9.44 Million
Indocement Tunggal Prakarsa (INTP)	$8.50 Trillion	20.54%	0.33x	$1.01 Billion
Semen Baturaja Persero Tbk (SMBR)	$3.47 Trillion	2.19%	0.59x	$125.71 Million
Solusi Bangun Indonesia Tbk PT (SMCB)	$7.57 Trillion	8.60%	1.74x	$409.59 Million
Semen Indonesia Persero Tbk (SMGR)	$47.24 Trillion	5.01%	0.76x	$791.23 Million
Waskita Beton Precast Tbk PT (WSBP)	$7.41 Trillion	8.57%	0.85x	$61.16 Million

About Asahimas Flat Glass Tbk

JK:AMFG Indonesia Building Materials

Market Cap

$80.62 Million

Rp1.38 Trillion IDR

Market Cap Rank

#20020 Global

#368 in Indonesia

Share Price

Rp3170.00

Change (1 day)

-3.65%

52-Week Range

Rp3030.00 - Rp4170.00

All Time High

Rp7943.13