PT Adaro Energy Indonesia Tbk
In the news
- Falling commodity prices deal blow to Asia's oil and metals companies Apr 3, 2020
- Why Japan finds coal hard to quit Nov 21, 2018
- Resources stocks lift Nikkei Asia300 Index after oil climbs Apr 19, 2018
- Indonesia's Adaro Energy to buy Rio Tinto coal mine for $2.25bn Mar 28, 2018
- CEO in the news: Coal is still king for Adaro Energy's chief Dec 21, 2017 See more articles on PT Adaro Energy Indonesia Tbk
Company Background
Adaro Energy is Indonesia's second-largest coal miner by production volume and largest by market capitalization. The company owns mines in South Kalimantan Province and produced more than 50 million tons of coal in 2013.
Adaro started commercial production in the early 1990s and was acquired by a group of businessmen in 2005. The group included Edwin Soeryadjaya and Garibaldi Thohir, both of whom are sons of the co-founders of Astra International, one of Indonesia's largest conglomerates. After taking Adaro public in 2008, the group of investors merged most of their share ownerships into a single entity, Adaro Strategic Investments, which currently controls more than 40% of total shares. Soeryadjaya serves as Adaro's president commissioner and Thohir as president director & CEO.
In 2011, Adaro joined a consortium of Japanese companies to build one of the largest coal-fired power plants in Asia. But the $4 billion project has since been delayed due to opposition by land owners and environmental groups.
Business Summary
Financial Highlights
Dec 2021 | IDR | USD |
Revenue | 57,075.41B | 3,992.71M |
Gross Profit | 25,028.51B | 1,750.87M |
Operating income | 22,538.37B | 1,576.67M |
Income before tax | 21,245.77B | 1,486.25M |
Net income | 13,344.15B | 933.49M |
EBITDA | 30,192.49B | 2,112.12M |
Diluted EPS | 418.41 | 0.02 |
Dividends Per Share | 301.55 | 0.02 |
Total Assets | 108,132.80B | 7,586.93M |
Total liabilities | 44,590.67B | 3,128.62M |
Total equity | 58,959.45B | 4,136.77M |
Operating cash flow | 20,532.18B | 1,436.33M |
Currency in IDR | Currency in USD |
Historical Data
Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | |
Revenue | 43,602.33B | 51,533.60B | 48,889.73B | 36,860.89B | 57,075.41B |
Gross Profit | 15,225.72B | 17,149.49B | 13,440.85B | 8,295.49B | 25,028.51B |
Operating income | 12,817.76B | 14,467.54B | 10,248.41B | 5,957.96B | 22,538.37B |
Income before tax | 12,438.79B | 11,688.36B | 9,320.77B | 3,230.65B | 21,245.77B |
Net income | 6,467.38B | 5,946.98B | 5,715.89B | 2,136.56B | 13,344.15B |
EBITDA | 17,536.04B | 19,626.25B | 16,073.63B | 12,556.46B | 30,192.49B |
Diluted EPS | 188.14 | 172.97 | 166.30 | 62.23 | 418.41 |
Dividends Per Share | 107.64 | 90.15 | 109.61 | 66.27 | 301.55 |
Total Assets | 92,450.93B | 101,533.65B | 100,191.46B | 89,661.00B | 108,132.80B |
Total liabilities | 36,937.79B | 39,660.94B | 44,891.97B | 34,139.42B | 44,590.67B |
Total equity | 47,055.75B | 52,492.73B | 51,782.72B | 52,154.72B | 58,959.45B |
Operating cash flow | 11,423.76B | 12,897.24B | 12,971.86B | 10,708.95B | 20,532.18B |
Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | |
Revenue | 3,258.33M | 3,619.75M | 3,457.15M | 2,534.84M | 3,992.71M |
Gross Profit | 1,137.79M | 1,204.59M | 950.44M | 570.46M | 1,750.87M |
Operating income | 957.85M | 1,016.20M | 724.69M | 409.71M | 1,576.67M |
Income before tax | 929.53M | 820.99M | 659.10M | 222.16M | 1,486.25M |
Net income | 483.29M | 417.71M | 404.18M | 146.92M | 933.49M |
EBITDA | 1,310.44M | 1,378.55M | 1,136.61M | 863.48M | 2,112.12M |
Diluted EPS | 0.01 | 0.01 | 0.01 | 0.00 | 0.02 |
Dividends Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 |
Total Assets | 6,814.14M | 7,060.75M | 7,217.10M | 6,381.56M | 7,586.93M |
Total liabilities | 2,722.51M | 2,758.06M | 3,233.71M | 2,429.85M | 3,128.62M |
Total equity | 3,468.26M | 3,650.39M | 3,730.07M | 3,712.08M | 4,136.77M |
Operating cash flow | 853.67M | 905.90M | 917.28M | 736.43M | 1,436.33M |
Valuation Measures
Dec 2021 | |
PER | 5.37 |
ROA | 13.49% |
ROE | 24.01% |
Operating margin | 39.48% |
Profit margin | 23.37% |
Key executives
- President Director: Garibaldi Thohir
- Chief Financial Officer: Lie Luckman
- Chief Human Resources, IT Officer & Director: Julius Aslan
- Head-Information Technology: Eka Suharto
- Vice President Director & Deputy CEO: Christian Ariano Rachmat
Shareholders
- PT Adaro Strategic Capital (43.9%)
- THOHIR GARIBALDI (6.1%)
- SOERYADJAYA EDWIN (3.2%)
- PT Adaro Energy Indonesia Tbk (3.1%)
- RACHMAT THEODORE PERMADI (2.5%)
- The Vanguard Group, Inc. (1.2%)
- BlackRock Fund Advisors (1.0%)
- Dimensional Fund Advisors LP (0.7%)
- PT Batavia Prosperindo Aset Manajemen (0.4%)
- BlackRock Advisors (UK) Ltd. (0.2%)
Contact Details
- Website:http://www.adaro.com
- Address: Menara Karya, 23rd Floor, Jalan H. R. Rasuna Said, Block X-5, Jakarta, 12950, Indonesia
- Phone: +62.21.2553.3000
Related Companies
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Competitors
- Banpu Public Co. Ltd.
- Peabody Energy Corporation
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