Asiaplast Industries Tbk (APLI) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Asiaplast Industries Tbk IDR 85, price IDR 272, upside -68.9%, quality 51 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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PT Asiaplast Industries Tbk manufactures and sells plastic sheets in Indonesia. It operates through two segments: Plastic and Electronics.
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PT Asiaplast Industries Tbk manufactures and sells plastic sheets in Indonesia. It operates through two segments: Plastic and Electronics. The company manufactures and sells plastic products for building materials and packaging; household equipment and appliances made of plastic; technical and industrial plastic goods and equipment; and other plastic products. PT Asiaplast Industries Tbk was formerly known as PT Akasa Pandukarya. The company was incorporated in 1992 and is headquartered in Tangerang, Indonesia. PT Asiaplast Industries Tbk is a subsidiary of PT Maco Amangraha.
Stock analysis
Asiaplast Industries Tbk (APLI) currently trades at 272.00 IDR, while our model-based Fair Value estimate is 84.66 IDR, implying the stock looks roughly 221.3% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 172.35 IDR per share, and 0 of the 17 models we run sit above the 272.00 IDR price.
Bear case: the Earnings-Based group reads lowest at 42.21 IDR, and 17 of the 17 models stay below the price. Evidence for this calculation is low.
Scenario range: 79.48 IDR (bear) to 93.06 IDR (bull), the price of 272.00 IDR sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 51/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Asiaplast Industries Tbk reported revenue of 300B IDR in FY2025 versus 421B IDR in FY2021, a compound −8.1%/yr. Reported net income was 5.6B IDR in FY2025, compounding −29.8%/yr from FY2021.
Key figures
Market cap 371B IDR (≈ $20.7M) · P/E ratio 63.8 · P/S ratio 1.20 · EPS (TTM) 4.26 IDR · Net margin 1.9% · Return on equity 1.7% · Return on assets (EBIT) 7.6% · Operating margin −2.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (medium confidence).
What moves the price
The share trades about 36% below its 52-week high and 50% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −21% fair-value upside, at −69%, APLI screens richer than that median.
Fair Value models
Bear 79.48 IDRFair Value 84.66 IDRBull 93.06 IDR
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.33/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−24.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−17.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−1.6%
Start year 2020 (pandemic). Over 10 years: +1.4% a year
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.1%
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What shareholders gained per year (last 5 years), in IDR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in IDR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−19.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−19.3%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−19% vs −5%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.3% → −2%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+52.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Indonesia: IMF forecast 2.6% a year to 2030, 2.9% from 2016 to 2025) that is about +48.6% a year for the price.
Compare Asiaplast Industries Tbk with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Packaging & Containers · 272 stocks
Beats the industry median on 4/14 measures
Overall it trails its industry peers.
Valuation
Quality Score51 · Below median
Fair Value upside−69% · Bottom 25%
Profitability
Return on equity (TTM)2% · Below median
Return on assets0% · Bottom 25%
Net margin (TTM)2% · Below median
Operating margin (TTM)−3% · Bottom 25%
Growth and dividend
Revenue growth−3% · Below median
Dividend yield (TTM)16.2% · Top 25%
Balance sheet
Debt / equity0.12× · Below median
Valuation Multiplesvs Packaging & Containers median · lower = cheaper
P/E (TTM)63.8× · Priciest 25%
P/B1.06× · Cheaper than median
P/S (TTM)1.24× · Pricier than median
P/FCF0.0× · Cheapest 25%
EV/EBITDA11.0× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 21
FUTURE (revenue growth)0· sector 3
PAST (return on equity)7· sector 24
HEALTH (low debt)94· sector 92
DIVIDEND (yield)100· sector 46
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Asiaplast Industries Tbk (APLI) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 84.66 IDR versus a price of 272.00 IDR, about −69% upside (overvalued).
What is the fair value of APLI?
Our model-based fair value for Asiaplast Industries Tbk is 84.66 IDR (as of Sep 24, 2026), built from audited fundamentals. The current price: 272.00 IDR.
What is the quality score of APLI?
Asiaplast Industries Tbk has a Quality Score of 51/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Asiaplast Industries Tbk (APLI)?
Our model-based price target is the fair value of 84.66 IDR (as of Sep 24, 2026) from 17 valuation models. Cautious scenario 79.48 IDR, optimistic scenario 93.06 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Asiaplast Industries Tbk stock forecast for 2026?
Our models put fair value at 84.66 IDR, about −69% upside versus a price of 272.00 IDR (overvalued). Cautious scenario 79.48 IDR, optimistic scenario 93.06 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Asiaplast Industries Tbk (APLI)?
Asiaplast Industries Tbk reported trailing-twelve-month revenue of about 298B IDR (latest available figure, as of Sep 24, 2026).
What growth is priced into Asiaplast Industries Tbk (APLI)?
For today's price to be fair in a discounted-cash-flow model, Asiaplast Industries Tbk would have to grow free cash flow by +52.5 % per year for five years (discount rate 12.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -1.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of APLI use?
Our models discount Asiaplast Industries Tbk at 12.0 %: a base by market capitalisation (nano), country premium for Indonesia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Asiaplast Industries Tbk that is +52.5 % per year a year over ten years, using the same discount rate (12.0 %) and the same formula as our fair value.
How much growth has Asiaplast Industries Tbk (APLI) delivered so far?
Over the past 5 years revenue at Asiaplast Industries Tbk grew -1.6 % a year. The price currently implies +52.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Asiaplast Industries Tbk (APLI) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Asiaplast Industries Tbk (+52.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Asiaplast Industries Tbk (APLI)?
The free-cash-flow yield on the price is 0.70 %: that much free cash flow Asiaplast Industries Tbk produces per unit of market value. When it exceeds the discount rate of our models (12.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Asiaplast Industries Tbk (APLI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Asiaplast Industries Tbk it is 84.66 IDR per share (as of Sep 24, 2026), against a price of 272.00 IDR. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Asiaplast Industries Tbk stock overvalued or undervalued in 2026?
As of Sep 24, 2026, APLI trades above its calculated fair value: price 272.00 IDR, fair value 84.66 IDR, a gap of about −69% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of APLI?
No. The price is what the market pays today (272.00 IDR); the fair value is what the company's own numbers justify (84.66 IDR). For Asiaplast Industries Tbk the two are 187.34 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Asiaplast Industries Tbk worth?
The market values Asiaplast Industries Tbk at about 371B IDR (market capitalisation, as of Sep 24, 2026). Per share that is 272.00 IDR; our models calculate a fair value of 84.66 IDR per share.
What do the bullish and bearish scenarios say about APLI?
Our models span a range for Asiaplast Industries Tbk: cautious scenario 79.48 IDR, base 84.66 IDR, optimistic 93.06 IDR per share (as of Sep 24, 2026, price 272.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of APLI?
Asiaplast Industries Tbk trades at a price-to-earnings ratio of 63.8 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 84.66 IDR is built from several models across several years. Other multiples: P/B 1.1, P/S 1.2, EV/EBITDA 11.0.
How solid is the balance sheet of Asiaplast Industries Tbk (APLI)?
Balance-sheet figures for Asiaplast Industries Tbk (as of Sep 24, 2026): return on equity 1.7%, debt of 0.12 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is APLI from its 52-week high?
Asiaplast Industries Tbk trades at 272.00 IDR, about 36% below its 52-week high of 426.17 IDR and 50% above the low of 180.90 IDR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 84.66 IDR is for.
Which stocks are comparable to Asiaplast Industries Tbk?
From the same area (Consumer Cyclical) we also value Smurfit Westrock Plc,, Packaging Corporation, International Paper Company, Ball Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Asiaplast Industries Tbk stock attractive at the current price?
The data as of Sep 24, 2026: price 272.00 IDR, calculated fair value 84.66 IDR (−69%), Quality Score 51/100, from 17 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of APLI calculated?
We run Asiaplast Industries Tbk through 17 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 84.66 IDR, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0 % above its aggregate fair value. Asiaplast Industries Tbk itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Asiaplast Industries Tbk (APLI)?
The closing price on Sep 24, 2026 was 272.00 IDR. Our model-based fair value is 84.66 IDR, about −69% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Asiaplast Industries Tbk right now?
The price sits above even our optimistic bull case (93.06 IDR). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Asiaplast Industries Tbk (APLI) come from?
Earnings per share at Asiaplast Industries Tbk grew +12.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +4.7 %, EBIT margin +10.0 %, tax rate +0.9 %, residual (interest, one-offs) −2.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Asiaplast Industries Tbk
How large is the market capitalisation of Asiaplast Industries Tbk (APLI)?
The market capitalisation of Asiaplast Industries Tbk is 371B IDR (≈ $20.7M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Asiaplast Industries Tbk (APLI)?
The price-to-sales ratio of Asiaplast Industries Tbk is 1.20 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Asiaplast Industries Tbk (APLI)?
Earnings per share at Asiaplast Industries Tbk are 4.26 IDR (price ÷ EPS = P/E 63.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Asiaplast Industries Tbk (APLI)?
The net margin of Asiaplast Industries Tbk is 1.9% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Asiaplast Industries Tbk (APLI)?
The return on equity (ROE) of Asiaplast Industries Tbk is 1.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Asiaplast Industries Tbk (APLI)?
On an EBIT basis the return on assets of Asiaplast Industries Tbk is 7.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Asiaplast Industries Tbk (APLI)?
The operating margin of Asiaplast Industries Tbk is −2.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Asiaplast Industries Tbk (APLI)?
Revenue at Asiaplast Industries Tbk is growing −3.2% versus a year earlier (3y avg −17.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Asiaplast Industries Tbk (APLI)?
Earnings per share at Asiaplast Industries Tbk are growing −2.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Asiaplast Industries Tbk (APLI) hold?
Asiaplast Industries Tbk holds more cash than debt, 97.7B IDR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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