Ace Oldfields (IDX:KUAS) - Share price, News & Analysis

KUAS fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	2/6
Financial Health	4/6
Dividends	0/6

KUAS Stock Overview

PT Ace Oldfields Tbk produces and sells a variety of painting tools for the painting industry under the Ace Oldfields and PRIMA brands in Indonesia.

Rewards

Price-To-Earnings ratio (13.7x) is below the ID market (18.3x)

Earnings have grown 24.1% per year over the past 5 years

Risk Analysis

High level of non-cash earnings

Does not have a meaningful market cap (IDR92B)

Ace Oldfields Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Ace Oldfields
Historical stock prices
Current Share Price	Rp71.00
52 Week High	Rp300.00
52 Week Low	Rp68.00
Beta	0
1 Month Change	-5.33%
3 Month Change	-11.25%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-72.90%

Shareholder Returns

	KUAS	ID Building	ID Market
7D	0%	8.0%	2.2%
1Y	n/a	49.5%	17.3%

Return vs Industry: Insufficient data to determine how KUAS performed against the ID Building industry.

Return vs Market: Insufficient data to determine how KUAS performed against the ID Market.

Price Volatility

Is KUAS's price volatile compared to industry and market?
KUAS volatility
KUAS Average Weekly Movement	5.2%
Building Industry Average Movement	6.0%
Market Average Movement	6.2%
10% most volatile stocks in ID Market	12.0%
10% least volatile stocks in ID Market	2.9%

Stable Share Price: KUAS is not significantly more volatile than the rest of ID stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: KUAS's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1989	427	Josef Kandiawan	https://www.aceoldfields.com

PT Ace Oldfields Tbk produces and sells a variety of painting tools for the painting industry under the Ace Oldfields and PRIMA brands in Indonesia. Its products include paint rolls, roll handles, paint brushes, wire brushes, ruler brushes, foam brushes and foam rolls, decorative brushes, minirolls and ship paint rolls, iron and plastic capes, plasterboards, tape measures, bubble breaker rolls, tampiko brushes, connecting sticks for roll handles, industrial brushes as cleaning tools, and others. The company also exports its products.

Ace Oldfields Fundamentals Summary

How do Ace Oldfields's earnings and revenue compare to its market cap?
KUAS fundamental statistics
Market Cap	Rp91.77b
Earnings (TTM)	Rp6.68b
Revenue (TTM)	Rp141.81b

13.7x

P/E Ratio

0.6x

P/S Ratio

Is KUAS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
KUAS income statement (TTM)
Revenue	Rp141.81b
Cost of Revenue	Rp107.62b
Gross Profit	Rp34.19b
Other Expenses	Rp27.51b
Earnings	Rp6.68b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	5.16
Gross Margin	24.11%
Net Profit Margin	4.71%
Debt/Equity Ratio	43.8%

How did KUAS perform over the long term?

See historical performance and comparison

Valuation

Is Ace Oldfields undervalued compared to its fair value and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

13.75x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate KUAS's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate KUAS's fair value for valuation analysis.

Price To Earnings Ratio

PE vs Industry: KUAS is poor value based on its Price-To-Earnings Ratio (13.7x) compared to the ID Building industry average (9.2x).

PE vs Market: KUAS is good value based on its Price-To-Earnings Ratio (13.7x) compared to the ID market (18.3x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate KUAS's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: KUAS is good value based on its Price-To-Book Ratio (0.6x) compared to the ID Building industry average (0.9x).

Future Growth

How is Ace Oldfields forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

14.9%

Forecasted Capital Goods industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Ace Oldfields has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Ace Oldfields performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

24.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: KUAS has a high level of non-cash earnings.

Growing Profit Margin: KUAS's current net profit margins (4.7%) are higher than last year (4.4%).

Past Earnings Growth Analysis

Earnings Trend: KUAS's earnings have grown significantly by 24.1% per year over the past 5 years.

Accelerating Growth: KUAS's earnings growth over the past year (14%) is below its 5-year average (24.1% per year).

Earnings vs Industry: KUAS earnings growth over the past year (14%) underperformed the Building industry 14.7%.

Return on Equity

High ROE: KUAS's Return on Equity (4.7%) is considered low.

Financial Health

How is Ace Oldfields's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: KUAS's short term assets (IDR153.4B) exceed its short term liabilities (IDR78.8B).

Long Term Liabilities: KUAS's short term assets (IDR153.4B) exceed its long term liabilities (IDR33.3B).

Debt to Equity History and Analysis

Debt Level: KUAS's net debt to equity ratio (12.1%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if KUAS's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: KUAS's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: KUAS's interest payments on its debt are well covered by EBIT (4.3x coverage).

Balance Sheet

Dividend

What is Ace Oldfields's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate KUAS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate KUAS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if KUAS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if KUAS's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as KUAS has not reported any payouts.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average board tenure

CEO

Josef Kandiawan (68 yo)

26.33yrs

Tenure

Mr. Josef Kandiawan is President Director of PT. Ace Oldfields from 1996.

Board Members

Experienced Board: KUAS's board of directors are considered experienced (3.3 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: KUAS only recently listed within the past 12 months.

Data	Last Updated (UTC time)
Company Analysis	2022/05/24 00:00
End of Day Share Price	2022/05/23 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31