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PT Ace Oldfields Tbk (KUAS) Fair Value & Analysis

Industrials · ID · Market cap 122B IDR

PA PT Ace Oldfields Tbk KUAS · JK
Price93.00 IDR
Fair Value171.27 IDR
Upside+84.2%
Quality55/100
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Healthy Growth
Thin margins · 5.3% net margin
Low debt · generates free cash flow
1.65% dividend yield
Ranks above peers (12/14)
Narrow moat 39/100
Evidence: High Range 128.46 IDR – 214.09 IDR Share as image

Fair value as of: Jul 16, 2026

From 26 valuation models · updated 25 days ago

Share price +3.3% over the past month.

A solid business, screening 84% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (128.46 IDR). The market is more pessimistic than our downside scenario.
  • Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

222.01 IDR 42.97 IDR Fair Value 171.27 IDR Oct 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

57‑month range 42.97 IDR – 222.01 IDR · fair‑value band 128.46 IDR – 214.09 IDR · the 93.00 IDR price screens below the 171.27 IDR fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

PT Ace Oldfields Tbk (KUAS) currently trades at 93.00 IDR, while our model-based Fair Value estimate is 171.27 IDR, implying the stock looks roughly 84.2% undervalued today. The Quality Score stands at 55/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, PT Ace Oldfields Tbk generated revenue of 184B IDR at a net margin of 5.3%. Revenue declined 9.4% year over year. It earns a return on equity of 5.8%. Net debt stands at 60.4B IDR. Fundamentals as of Jul 16, 2026

Our scenario range runs from 128.46 IDR (bear case) to 214.09 IDR (bull case); at 93.00 IDR, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 49% below its 52-week high and 91% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -33% fair-value upside, at 84%, KUAS screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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
Highest evidence
Growth DCF 115.82 IDR 156.81 IDR 214.80 IDR 80
Residual Income 104.87 IDR 108.69 IDR 111.35 IDR 76
Rev-Margin DCF 143.43 IDR 218.77 IDR 303.41 IDR 74
All 26 models by family
DCF Models
FCF DCF 114.05 IDR 159.78 IDR 228.35 IDR 38
Owner Earnings 35.68 IDR 40.16 IDR 46.88 IDR 31
5Y Revenue Exit 143.43 IDR 219.31 IDR 315.99 IDR 39
5Y EBITDA Exit 168.25 IDR 265.13 IDR 377.44 IDR 41
5Y P/E Exit 131.50 IDR 197.29 IDR 265.39 IDR 38
10Y Revenue Exit 127.68 IDR 194.21 IDR 282.86 IDR 36
10Y EBITDA Exit 147.61 IDR 225.81 IDR 329.20 IDR 37
10Y P/E Exit 124.30 IDR 179.03 IDR 244.70 IDR 35
Earnings-Based
Graham-Dodd 55.46 IDR 161.41 IDR 213.18 IDR 54
Lynch FV 33.51 IDR 47.88 IDR 62.24 IDR 50
PEG = 1.0 33.51 IDR 47.88 IDR 62.24 IDR 46
EPV 151.69 IDR 172.44 IDR 190.60 IDR 59
Dividend Discount
Gordon GGM 27.55 IDR 57.27 IDR 90.86 IDR 70
DDM Multi-Stage 27.55 IDR 44.25 IDR 60.11 IDR 61
Multiples
P/E Multiple 128.46 IDR 171.27 IDR 214.09 IDR 63
P/S Multiple 103.99 IDR 138.65 IDR 173.31 IDR 58
P/B Multiple 103.99 IDR 138.65 IDR 173.31 IDR 55
EV/EBIT 222.32 IDR 287.37 IDR 352.42 IDR 53
EV/EBITDA 219.64 IDR 283.80 IDR 347.96 IDR 54
EV/Revenue 166.46 IDR 226.15 IDR 285.84 IDR 43
Asset-Based
NCAV (Graham) 66.09 IDR 88.56 IDR 132.18 IDR 50
Growth DCF
Growth DCF 115.82 IDR 156.81 IDR 214.80 IDR 80
Rev-Margin DCF 143.43 IDR 218.77 IDR 303.41 IDR 74
Economic Profit
Residual Income 104.87 IDR 108.69 IDR 111.35 IDR 76
ROIC Compounder 155.91 IDR 189.52 IDR 230.65 IDR 72
Growth Earnings
Growth-Adj P/E 103.83 IDR 148.33 IDR 192.83 IDR 68

Widest divergence: DCF Models (194.21 IDR) versus Dividend Discount (44.25 IDR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 184B IDR
Revenue growth (YoY) -9.4%
Net margin 5.3%
Return on equity 5.8%
Free cash flow 10.1B IDR FY2025
P/E ratio 14.3
More key figures
Operating margin 6.3%
EPS (TTM) 5.44 IDR
Dividend yield 1.7%
EPS growth (YoY) -90.0%
Net debt 60.4B IDR FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 55 · Market factors (momentum, volatility) 52

Profitability 35
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 49
Earnings quality: real cash, not paper profit
Fin. Strength 59
Balance sheet, leverage, solvency risk
Investment 75
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 49
Price trend over the last 3–12 months (market factor)
52W Momentum 57
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

PT Ace Oldfields Tbk manufactures and sells painting equipment and supplies in Indonesia and internationally. It offers paint brushes, special brushes, rollers, mini rollers, and other related products under the ACE OLDFIELDS and PRIMA brand names. The company sells its products through building shops, paint shops, Modern Trade Outlets and online stores.

Full company description

PT Ace Oldfields Tbk manufactures and sells painting equipment and supplies in Indonesia and internationally. It offers paint brushes, special brushes, rollers, mini rollers, and other related products under the ACE OLDFIELDS and PRIMA brand names. The company sells its products through building shops, paint shops, Modern Trade Outlets and online stores. It also exports its products to Australia, New Zealand, Canada, the United States, Pacific Islands, Asia, and Southeast Asia. PT Ace Oldfields Tbk was founded in 1989 and is based in Bogor, Indonesia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Ace Oldfields Tbk reported revenue of 187B IDR in FY2025 versus 139B IDR in FY2021, a compound +7.6%/yr. Reported net income was 10.5B IDR in FY2025, compounding +14.3%/yr from FY2021.

Growth Quality 70/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
187B IDR
Latest YoY
+1.3%
Avg. growth/yr (3Y) 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.
+6.7%
Avg. growth/yr (5Y) 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.
+7.4%
Avg. growth/yr (7Y) 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.
+4.6%
Revenue +7.6%/yr
FY21 139B IDR
FY22 154B IDR
FY23 162B IDR
FY24 185B IDR
FY25 187B IDR
Net income +14.3%/yr
FY21 6.2B IDR
FY22 7.9B IDR
FY23 9.5B IDR
FY24 11.3B IDR
FY25 10.5B IDR

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Cite: Fair Value Calculator (2026). "PT Ace Oldfields Tbk Fair Value". https://www.fairvalue-calculator.com/stock/KUAS

Peer Group

Building Products & Equipment · 247 stocks

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.

Quality Score 55 · Below median
Fair Value upside +84% · Top 25%
Return on equity (TTM) 6% · Above median
Return on assets 4% · Above median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 6% · Above median
Revenue growth -9% · Below median
Dividend yield (TTM) 1.7% · Above median
Debt / equity 0.05× · Lower than median

Valuation Multiples vs Building Products & Equipment median · lower = cheaper

P/E (TTM) 17.3× · Cheaper than median
P/B 0.71× · Cheaper than median
P/S (TTM) 0.66× · Cheaper than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 3.9× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 3
FUTURE 0 · sector 9
PAST 23 · sector 23
HEALTH 97 · sector 94
DIVIDEND 33 · sector 28

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Building Products & Equipment stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Trane Technologies plc TT $469.98 $212.34 -55%
Johnson Controls International plc JCI $142.81 $45.65 -68%
Carrier Global Corporation CARR $68.61 $17.35 -75%
Compagnie de Saint-Gobain S.A SGO €76.62 €101.60 +33%
Geberit AG GEBN CHF 523.20 CHF 307.66 -41%
Lennox International Inc LII $543.93 $363.09 -33%
Kingspan Group KRX €87.30 €70.76 -19%
Masco Corporation MAS $78.04 $54.36 -30%
PT Impack Pratama Industri Tbk, IMPC 1,420 IDR 179.76 IDR -87%
NIBE Industrier AB NIBEB kr 36.03 kr 25.37 -30%

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Frequently asked questions

Is PT Ace Oldfields Tbk (KUAS) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 171.27 IDR versus a price of 93.00 IDR, about +84% (undervalued).
What is the fair value of KUAS?
Our model-based fair value for PT Ace Oldfields Tbk is 171.27 IDR (as of Jul 16, 2026), built from audited fundamentals. The current price is 93.00 IDR.
What is the quality score of KUAS?
PT Ace Oldfields Tbk has a Quality Score of 55/100. 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 revenue of PT Ace Oldfields Tbk (KUAS)?
PT Ace Oldfields Tbk reported trailing-twelve-month revenue of about 184B IDR (latest available figure, as of Jul 16, 2026).
What is the net profit margin of KUAS?
The net profit margin of PT Ace Oldfields Tbk is about 5.3%, meaning it keeps roughly 5.3% of revenue as net income. Based on the latest reported figures.
Does PT Ace Oldfields Tbk pay a dividend?
PT Ace Oldfields Tbk currently shows a dividend yield of about 1.74% relative to its recent price (as of Jul 16, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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