PT Adaro Energy Tbk
In the news
- Falling commodity prices deal blow to Asia's oil and metals companies Apr 3, 2020
- 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
- Indonesia's coal king stands firm amid clean-energy challenges Dec 15, 2017 See more articles on PT Adaro Energy 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 2020 | IDR | USD |
| Revenue | 36,860.89B | 2,534.84M |
| Gross Profit | 8,295.49B | 570.46M |
| Operating income | 5,957.96B | 409.71M |
| Income before tax | 3,230.65B | 222.16M |
| Net income | 2,136.56B | 146.92M |
| EBITDA | 12,556.46B | 863.48M |
| Diluted EPS | 62.23 | 0.00 |
| Dividends Per Share | 66.27 | 0.00 |
| Total Assets | 89,661.00B | 6,381.56M |
| Total liabilities | 34,139.42B | 2,429.85M |
| Total equity | 52,154.72B | 3,712.08M |
| Operating cash flow | 10,708.95B | 736.43M |
| Currency in IDR | Currency in USD |
Historical Data
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | |
| Revenue | 33,573.40B | 43,602.33B | 51,533.60B | 48,889.73B | 36,860.89B |
| Gross Profit | 9,055.03B | 15,225.72B | 17,149.49B | 13,440.85B | 8,295.49B |
| Operating income | 7,076.53B | 12,817.76B | 14,467.54B | 10,248.41B | 5,957.96B |
| Income before tax | 7,268.93B | 12,438.79B | 11,688.36B | 9,320.77B | 3,230.65B |
| Net income | 4,450.59B | 6,467.38B | 5,946.98B | 5,715.89B | 2,136.56B |
| EBITDA | 11,653.61B | 17,536.04B | 19,626.25B | 16,073.63B | 12,556.46B |
| Diluted EPS | 129.54 | 188.14 | 172.97 | 166.30 | 62.23 |
| Dividends Per Share | 42.40 | 107.64 | 90.15 | 109.61 | 66.27 |
| Total Assets | 87,871.10B | 92,450.93B | 101,533.65B | 100,191.46B | 89,661.00B |
| Total liabilities | 36,865.81B | 36,937.79B | 39,660.94B | 44,891.97B | 34,139.42B |
| Total equity | 42,390.65B | 47,055.75B | 52,492.73B | 51,782.72B | 52,154.72B |
| Operating cash flow | 8,984.73B | 11,423.76B | 12,897.24B | 12,971.86B | 10,708.95B |
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | |
| Revenue | 2,524.23M | 3,258.33M | 3,619.75M | 3,457.15M | 2,534.84M |
| Gross Profit | 680.80M | 1,137.79M | 1,204.59M | 950.44M | 570.46M |
| Operating income | 532.05M | 957.85M | 1,016.20M | 724.69M | 409.71M |
| Income before tax | 546.52M | 929.53M | 820.99M | 659.10M | 222.16M |
| Net income | 334.62M | 483.29M | 417.71M | 404.18M | 146.92M |
| EBITDA | 876.18M | 1,310.44M | 1,378.55M | 1,136.61M | 863.48M |
| Diluted EPS | 0.00 | 0.01 | 0.01 | 0.01 | 0.00 |
| Dividends Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Assets | 6,522.25M | 6,814.14M | 7,060.75M | 7,217.10M | 6,381.56M |
| Total liabilities | 2,736.37M | 2,722.51M | 2,758.06M | 3,233.71M | 2,429.85M |
| Total equity | 3,146.45M | 3,468.26M | 3,650.39M | 3,730.07M | 3,712.08M |
| Operating cash flow | 675.52M | 853.67M | 905.90M | 917.28M | 736.43M |
Valuation Measures
| Dec 2020 | |
| PER | 21.42 |
| ROA | 2.25% |
| ROE | 4.11% |
| Operating margin | 16.16% |
| Profit margin | 5.79% |
Key executives
- President Director & Chief Executive Officer: Garibaldi Thohir
- Chief Operating Officer & Director: Ah Hoo Chia
- Chief Financial Officer: Lie Luckman
- Chief Human Resources, IT Officer & Director: Julius Aslan
- Vice President Director & Deputy CEO: Christian Ariano Rachmat
Shareholders
- PT Adaro Strategic Capital (43.9%)
- THOHIR GARIBALDI (6.1%)
- SOERYADJAYA EDWIN (3.2%)
- RACHMAT THEODORE PERMADI (2.5%)
- BlackRock Fund Advisors (1.3%)
- The Vanguard Group, Inc. (1.2%)
- Dimensional Fund Advisors LP (0.8%)
- BlackRock Advisors (UK) Ltd. (0.4%)
- AQR Capital Management LLC (0.3%)
- SUBIANTO ARINI SARASWATY (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
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Competitors
- PT Bukit Asam Tbk
- China Shenhua Energy Co. Ltd. Class H
- PT Indo Tambangraya Megah Tbk
- PT Harum Energy Tbk
- Banpu Public Co. Ltd.
- Vale S.A.
- Peabody Energy Corporation
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Last Updated on 7 May, 2021
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