Asia300

PT Tambang Batubara Bukit Asam (Persero) Tbk

Indonesia

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Jun 22, 2017
Prev close: 11,950
Jun 22, 2017
Market cap:
Market cap(USD):
27,534.37B
2,065.98M
Shares: 2,304.13M

Currency in IDR

Company profile

Market(Ticker): JKT(PTBA)
Sector:
Industry:
Energy Minerals
Coal
Full time employees: 2,568

Business summary

PT Tambang Batubara Bukit Asam (Persero) Tbk engages in the mining, processing, and trading of coal. It operates through the Coal and Others segments. The Coal segment consists of coal mining activities including general surveying, exploration, exploitation, processing, refining, transportation, trading, maintenance of special coal port facilities, operation of steam power plants, and providing consulting services related to the coal mining industry and production. The Others segment includes briquette processing, palm plantation, and palm processing businesses. The company was founded on March 2, 1981 and is headquartered in Tanjung Enim, Indonesia.

Company background

State-owned Tambang Batubara Bukit Asam is a major coal mining company in Indonesia. It owns a large coal mine in South Sumatra that covers more than 70% of its total mining area. It produced 15 million tons of coal in 2013 and aims to produce 50 million tons by 2017. The Indonesian government owns 65% of its shares.

Chairman Agus Suhartono was appointed in 2013 after serving as commander-in-chief of the Indonesian National Army, the country's highest military position. Milawarma M.Eng, who was previously the company's director of operation and production, became president in 2011.

In the face of a prolonged decline in coal prices, Tambang Batubara Bukit Asam plans to invest in several power plant projects and supply coal to them. It has joined forces with overseas power generators such as Malaysia's Tenaga Nasional and China Huadian on several projects in Indonesia. Tambang Batubara Bukit Asam also plans to build power plants in Vietnam and Myanmar.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 14,058.86B
Gross profit 4,226.22B
Operating income 2,508.94B
Income before tax 2,696.91B
Net income 2,006.18B
EBITDA 2,950.34B
Diluted EPS 952
Dividends per share 285.5
Total assets 18,867.50B
Total liabilities 8,315.09B
Total equity 10,421.33B
Operating cash flow 1,928.34B

Currency in IDR

Revenue 1,057.02M
Gross profit 317.75M
Operating income 188.63M
Income before tax 202.76M
Net income 150.83M
EBITDA 221.82M
Diluted EPS 0.07
Dividends per share 0.02
Total assets 1,400.44M
Total liabilities 617.19M
Total equity 773.52M
Operating cash flow 144.98M

Currency in USD

Valuation measures

Dec 2016

PER 13.13
ROA 11.13%
ROE 20.47%
Operating margin 17.84%
Profit margin 14.26%

Key executive

  • President Director: H. Arviyan Arifin
  • Director-Operation & Production: Joko Pramono
  • Finance Director: Achmad Sudarto
  • Senior Manager-Research & New Business Development: Octavianus Tarigan
  • Director-Business Development: Anung Dri Prasetya

Share holders

  • Government of Indonesia(65.0%)
  • PT Tambang Batubara Bukit Asam (Persero) Tbk(8.5%)
  • The Vanguard Group, Inc.(1.1%)
  • Dimensional Fund Advisors LP(0.7%)
  • BlackRock Fund Advisors(0.3%)
  • Trilogy Global Advisors LP(0.2%)
  • Parametric Portfolio Associates LLC(0.1%)
  • Macquarie Investment Management Business Trust(0.1%)
  • PensionDanmark A/S(0.1%)
  • Mellon Capital Management Corp.(0.1%)

Address

  • Website: http://www.ptba.co.id
  • Address: Jalan Parigi No. 1, Tanjung Enim, 31716, Indonesia
  • Phone: +62.734.451.096

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