AMFG Asahimas Flat Glass Tbk.

COMPANY REPORT : JANUARY 2019 As of 31 January 2019

Main Board Individual Index : 186.939
Industry Sector : Basic Industry& Chemicals (3) Listed Shares : 434,000,000
Industry Sub Sector : Ceramics, Glass, Porcelain (32) Market Capitalization : 1,987,720,000,000
299 | 1.99T | 0.03% | 97.17%

468 | 0.03T | 0.001% | 99.94%

COMPANY HISTORY SHAREHOLDERS (December 2018)

Established Date : 07-Oct-1971 1. AGC Inc. 190,359,000 : 43.86%
Listing Date : 08-Nov-1995 (IPO Price: 2,450) 2. PT Rodamas 177,799,700 : 40.97%
Underwriter IPO : 3. Public (<5%) 65,841,300 : 15.17%
PT Danareksa Sekuritas
PT Indovest Securities DIVIDEND ANNOUNCEMENT
Securities Administration Bureau : Bonus Cash Recording Payment
F/I
PT Datindo Entrycom Year Shares Dividend Cum Date Ex Date Date Date
1995 25.00 10-Jun-96 11-Jun-96 19-Jun-96 18-Jul-96 F
BOARD OF COMMISSIONERS 1996 20.00 25-Jun-97 26-Jun-97 4-Jul-97 1-Aug-97 F
1. Tan Pei Ling 1999 16.00 5-Jun-00 6-Jun-00 14-Jun-00 29-Jun-00 F
2. Anwar Mutalib *) 2001 44.00 21-Jun-02 24-Jun-02 27-Jun-02 11-Jul-02 F
3. Masahiro Takeda 2002 70.00 24-Jun-03 25-Jun-03 27-Jun-03 11-Jul-03 F
4. Tjahjana Setiadi 2003 80.00 9-Jul-04 12-Jul-04 14-Jul-04 28-Jul-04 F
5. Yasuyuki Kitayama *) 2004 100.00 24-Jun-05 27-Jun-05 29-Jun-05 31-Jul-05 F
6. Yoshio Takegawa 2005 80.00 3-Jul-06 4-Jul-06 6-Jul-06 20-Jul-06 F
*) Independent Commissioners 2007 80.00 27-Jun-08 30-Jun-08 2-Jul-08 16-Jul-08 F
2009 40.00 16-Jul-10 19-Jul-10 21-Jul-10 4-Aug-10 F
BOARD OF DIRECTORS 2010 80.00 18-Jul-11 19-Jul-11 21-Jul-11 4-Aug-11 F
1. Takeo Takei 2011 80.00 13-Jul-12 16-Jul-12 18-Jul-12 1-Aug-12 F
2. Emanuel David Satria Soetedja 2012 80.00 26-Jun-13 27-Jun-13 1-Jul-13 15-Jul-13 F
3. Kazuo Ninomiya 2013 80.00 1-Jul-14 14-Jul-14 16-Jul-14 24-Jul-14 F
4. Mohamad Amien 2015 80.00 10-Jun-16 13-Jun-16 15-Jun-16 1-Jul-16 F
5. Prasetyo Aji 2016 80.00 16-Jun-17 19-Jun-17 21-Jun-17 12-Jul-17 F
6. Rusli Pranadi 2017 30.00 20-Jun-18 21-Jun-18 25-Jun-18 5-Jul-18 F
7. Satoru Shimada
8. Shigeki Yoshiba ISSUED HISTORY
9. Shuichi Hayashi Listing Trading
10. Takuji Kohama No. Type of Listing Shares Date Date
11. Tjio Ferry Susanto 1. First Issue 86,000,000 8-Nov-95 8-Nov-95
2. Company Listing 201,000,000 8-Nov-95 18-Jun-96
AUDIT COMMITTEE 3. Company Listing 147,000,000 18-Dec-00 18-Dec-00
1. Anwar Mutalib
2. Bambang Susilo
3. Hariawan Pribadi

CORPORATE SECRETARY
Christoforus

HEAD OFFICE
Jl. Ancol IX/5, Ancol Barat
Jakarta 14430

Phone : (021) 690-4041

Fax : (021) 691-8709; 690-00470
Homepage : www.amfg.co.id
Email : [email protected]
 AMFG Asahimas Flat Glass Tbk.
TRADING ACTIVITIES
Closing Price* and Trading Volume
Asahimas Flat Glass Tbk. Closing Price Freq. Volume Value

Day
Closing Volume
Price* January 2015 - January 2019 (Mill. Sh) Month High Low Close (X) (Thou. Sh.) (Million Rp)
10,000 2.40 Jan-15 8,600 7,850 8,400 1,501 3,037 24,645 21
Feb-15 8,500 7,975 8,000 357 834 6,948 19
8,750 2.10 Mar-15 8,000 7,100 7,700 1,414 1,980 15,004 22
Apr-15 7,700 6,750 6,900 1,624 4,426 31,986 21
May-15 7,475 6,900 7,225 962 4,128 29,410 19
7,500 1.80
Jun-15 7,400 6,850 7,175 515 1,249 9,011 21
Jul-15 7,200 6,400 7,075 898 1,063 7,449 17
6,250 1.50
Aug-15 7,000 4,800 5,500 1,089 1,918 11,645 20
Sep-15 6,000 5,100 5,800 129 1,084 5,633 16
5,000 1.20
Oct-15 7,025 5,400 6,950 282 923 5,789 18
Nov-15 7,100 6,400 6,950 137 1,836 12,285 17
3,750 0.90 Dec-15 7,450 6,400 6,550 103 944 6,563 14

2,500 0.60 Jan-16 6,975 6,300 6,300 64 22 143 11

Feb-16 6,500 6,000 6,500 167 155 968 17
1,250 0.30 Mar-16 7,200 6,350 6,675 351 1,130 7,670 18
Apr-16 7,050 6,750 6,775 34 153 1,070 10
May-16 6,700 6,325 6,625 59 230 1,515 12
Jun-16 6,900 6,350 6,875 60 510 3,430 10
Jan-15 Jan-16 Jan-17 Jan-18 Jan-19
Jul-16 7,100 6,850 6,850 48 146 1,010 7
Aug-16 7,100 6,600 6,800 64 326 2,268 12
Sep-16 6,950 6,650 6,950 25 20 135 11
Closing Price*, Jakarta Composite Index (IHSG) and Oct-16 7,250 6,500 6,725 109 296 2,013 18
Basic Industry and Chemicals Index Nov-16 6,800 6,475 6,800 33 22 146 11
January 2015 - January 2019 Dec-16 6,900 6,500 6,700 88 69 467 9
80%

68.3% Jan-17 6,875 6,450 6,650 104 35 234 14

60% Feb-17 7,250 6,400 6,600 180 885 5,992 18
Mar-17 7,050 6,400 6,800 147 564 3,761 14
40% Apr-17 7,450 6,500 6,850 136 105 721 13
May-17 6,700 5,800 6,300 418 509 3,184 18
24.6% Jun-17 6,300 5,700 6,050 51 44 266 9
20%
Jul-17 6,400 6,000 6,375 68 79 494 15
Aug-17 6,700 6,100 6,500 164 339 2,166 15
-
Sep-17 6,600 6,250 6,500 34 114 742 8
Oct-17 6,850 6,325 6,700 63 32 207 13
-20%
Nov-17 6,700 6,350 6,550 41 49 317 15
Dec-17 6,700 5,625 6,025 218 74 447 15
-40%
-44.0%
Jan-18 6,200 5,325 5,450 680 799 4,548 17
-60% Feb-18 5,625 5,250 5,400 352 172 940 19
Mar-18 5,450 5,300 5,425 64 27 144 12
-80% Apr-18 5,425 5,100 5,125 62 130 690 8
Jan 15 Jan 16 Jan 17 Jan 18 Jan 19 May-18 5,125 4,950 5,075 108 882 4,404 17
Jun-18 5,175 4,820 4,950 109 183 915 12
Jul-18 4,950 4,500 4,700 105 333 1,576 19
SHARES TRADED 2015 2016 2017 2018 Jan-19 Aug-18 4,700 4,500 4,600 44 18 82 5
Volume (Million Sh.) 23 3 3 6 0.9 Sep-18 4,800 4,500 4,600 53 156 719 10
Value (Billion Rp) 166 21 19 28 3 Oct-18 4,600 4,300 4,410 40 1,101 4,955 14
Frequency (Thou. X) 9 1 2 2 0.3 Nov-18 4,410 4,100 4,250 101 623 2,650 12
Days 225 146 167 163 22 Dec-18 4,250 3,300 3,690 640 1,727 6,444 18

Price (Rupiah) Jan-19 4,650 3,540 4,580 259 856 3,449 22

High 8,600 7,250 7,450 6,200 4,650
Low 4,800 6,000 5,625 3,300 3,540
Close 6,550 6,700 6,025 3,690 4,580
Close* 6,550 6,700 6,025 3,690 4,580

PER (X) 8.33 10.09 30.98 -13.19 -16.37

PER Industry (X) 4.10 20.86 13.10 13.74 15.89
PBV (X) 0.84 0.83 0.73 0.46 0.57
* Adjusted price after corporate action
 AMFG Asahimas Flat Glass Tbk.
Financial Data and Ratios Book End : December
Public Accountant : Siddharta Widjaja & Partners

BALANCE SHEET Dec-14 Dec-15 Dec-16 Dec-17 Sep-18 TOTAL ASSETS AND LIABILITIES (Bill. Rp)
(in Million Rp, except Par Value) Assets Liabilities
Cash & Cash Equivalents 1,107,411 931,761 320,827 346,195 338,391 8,750

Receivables 383,817 404,928 385,265 404,256 476,508

745,048 861,194 957,425 1,144,420 1,240,867 7,000
Inventories
Current Assets 2,263,728 2,231,181 1,787,723 2,003,321 2,369,263
5,250
Fixed Assets 1,530,836 1,822,896 3,520,207 4,068,690 5,621,303
Other Assets 70,032 98,650 48,599 - -
3,500
Total Assets 3,918,391 4,270,275 5,504,890 6,267,816 8,190,048
Growth (%) 8.98% 28.91% 13.86% 30.67% 1,750

Current Liabilities 398,238 479,376 885,086 996,903 1,854,287 -

Long Term Liabilities 335,511 400,676 1,020,540 1,722,036 2,851,846 2014 2015 2016 2017 Sep-18
Total Liabilities 733,749 880,052 1,905,626 2,718,939 4,706,133
Growth (%) 19.94% 116.54% 42.68% 73.09%
TOTAL EQUITY (Bill. Rp)
Authorized Capital 300,000 300,000 300,000 300,000 300,000 3,599 3,549 3,484
Paid up Capital 217,000 217,000 217,000 217,000 217,000 3,390
3,185
3,599

Paid up Capital (Shares) 434 434 434 434 434

Par Value 500 500 500 500 500
2,865

Retained Earnings 2,802,559 3,008,140 3,217,181 3,166,794 3,101,832

3,184,642 3,390,223 3,599,264 3,548,877 3,483,915
2,131

Total Equity
Growth (%) 6.46% 6.17% -1.40% -1.83% 1,397

INCOME STATEMENTS Dec-14 Dec-15 Dec-16 Dec-17 Sep-18 662

Total Revenues 3,672,186 3,665,989 3,724,075 3,885,791 3,266,280

Growth (%) -0.17% 1.58% 4.34%
-72

2014 2015 2016 2017 Sep-18

Cost of Revenues 2,766,551 2,868,674 2,939,551 3,298,157 2,766,436

Gross Profit 905,635 797,315 784,524 587,634 499,844
TOTAL REVENUES (Bill. Rp)
Expenses (Income) 349,997 368,623 433,517 494,292 568,375
Operating Profit 555,638 428,692 351,007 93,342 -68,531 3,886
3,672 3,666 3,724
Growth (%) -22.85% -18.12% -73.41%
3,886

3,266
3,093

Other Income (Expenses) 42,169 35,571 -2,446 -29,753 -22,551

Income before Tax 597,807 464,263 348,561 63,589 -91,082 2,300

Tax 139,172 122,917 88,117 25,020 -

Profit for the period 458,635 341,346 260,444 38,569 -91,082 1,508

Growth (%) -25.57% -23.70% -85.19%

715

Period Attributable 458,635 341,346 260,444 38,569 -91,082 -78

Comprehensive Income 458,635 323,503 243,761 -15,667 -51,942 2014 2015 2016 2017 Sep-18
Comprehensive Attributable 458,635 323,503 243,761 -15,667 -51,942

RATIOS Dec-14 Dec-15 Dec-16 Dec-17 Sep-18 PROFIT FOR THE PERIOD (Bill. Rp)
Current Ratio (%) 568.44 465.43 201.98 200.95 127.77
459
Dividend (Rp) - 80.00 80.00 30.00 - 459

EPS (Rp) 1,056.76 786.51 600.10 88.87 -209.87 341

BV (Rp) 7,337.88 7,811.57 8,293.24 8,177.14 8,027.45 349

260
DAR (X) 0.19 0.21 0.35 0.43 0.57
DER(X) 0.23 0.26 0.53 0.77 1.35
239

ROA (%) 11.70 7.99 4.73 0.62 -1.11 129

ROE (%) 14.40 10.07 7.24 1.09 -2.61 39

Sep-18
GPM (%) 24.66 21.75 21.07 15.12 15.30 19

OPM (%) 15.13 11.69 9.43 2.40 -2.10 2014 2015 2016 2017
NPM (%) 12.49 9.31 6.99 0.99 -2.79
-91

-91
Payout Ratio (%) - 10.17 13.33 33.76 -
Yield (%) - 1.22 1.19 0.50 -

*US$ Rate (BI), Rp 12,436 13,794 13,436 13,548 14,929