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PT Ace Oldfields Tbk logo

PT Ace Oldfields Tbk

KUAS.JK
40
Manufacturing - Miscellaneous · Industrials
Price
93.00 IDR
+3.00 (+3.33%)
Market Cap
120.23B IDR
Exchange
Indonesia Stock Exchange
Winston Score
40
Winston is serious
Mixed quality — meaningful strengths and weaknesses.
Data as of Jul 28, 2026 · filings through Mar 31, 2026

Share count rising — dilution

+14.4% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 1.13B (2021) → 1.29B (2025)

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.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-9.4% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-90.0% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Cash Runway

~10 months

$46.6B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

PT Ace Oldfields Tbk has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin
30.1%
Modest — 30.1% gross margin
Operating Margin
6.3%
Modest — 6.3% operating margin
ROCE
0.6%
Weak — 0.6% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales YoY
+2.5%
Nearly flat sales (2.5% YoY)
EPS YoY
-9.5%
Earnings shrinking (-9.5% YoY)

Slight earnings drop. Typical near a cyclical low.

EPS Consistency
2/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
183%
Turns 183% of profit into real cash
FCF Margin
-1.2%
Burning cash (-1.2%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity
0.59
Conservative — low debt load (0.59)
Interest Cover
2.76x
Tight — interest eats into profit (2.8x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

P/E Ratio (TTM)
12.4x
Attractive valuation — P/E 12.4

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

P/E vs Forward
N/A
not available
Data not available

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Dividends

Dividend Yield
1.61%
Small dividend — 1.61% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend Growth
N/A
Data not available

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