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PT Adaro Energy Tbk
- 1,240.00 IDR
- +20.00
- +1.64%
Indonesia
Feb 15, 2019Ticker
JKT(ADRO)Prev. close
1,220Market cap (IDR)
39,022.87BMarket cap (USD)
2,759.26MShares
31,985.96M
In the news
- 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
- Indonesia's new mining conglomerate is ready to compete globally Dec 7, 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 2017 | IDR | USD |
| Revenue | 43,602.33B | 3,258.33M |
| Gross Profit | 15,225.72B | 1,137.79M |
| Operating income | 12,817.76B | 957.85M |
| Income before tax | 12,438.79B | 929.53M |
| Net income | 6,467.38B | 483.29M |
| EBITDA | 17,536.04B | 1,310.44M |
| Diluted EPS | 188.14 | 0.01 |
| Dividends Per Share | 107.64 | 0.00 |
| Total Assets | 92,450.93B | 6,814.14M |
| Total liabilities | 36,937.79B | 2,722.51M |
| Total equity | 47,055.75B | 3,468.26M |
| Operating cash flow | 11,423.76B | 853.67M |
| Currency in IDR | Currency in USD |
Historical Data
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | |
| Revenue | 34,323.13B | 39,452.42B | 35,964.57B | 33,573.40B | 43,602.33B |
| Gross Profit | 7,745.30B | 8,484.67B | 7,219.71B | 9,055.03B | 15,225.72B |
| Operating income | 5,966.52B | 6,581.48B | 5,476.29B | 7,076.53B | 12,817.76B |
| Income before tax | 4,432.62B | 3,815.86B | 3,750.86B | 7,268.93B | 12,438.79B |
| Net income | 2,444.46B | 2,110.53B | 2,042.27B | 4,450.59B | 6,467.38B |
| EBITDA | 8,968.24B | 10,679.46B | 9,948.00B | 11,653.61B | 17,536.04B |
| Diluted EPS | 71.15 | 61.45 | 59.48 | 129.54 | 188.14 |
| Dividends Per Share | 28.21 | 30.25 | 31.93 | 42.40 | 107.64 |
| Total Assets | 81,489.72B | 79,435.70B | 82,139.70B | 87,871.10B | 92,450.93B |
| Total liabilities | 42,859.79B | 39,067.14B | 35,918.00B | 36,865.81B | 36,937.79B |
| Total equity | 32,663.97B | 34,276.84B | 39,506.26B | 42,390.65B | 47,055.75B |
| Operating cash flow | 7,540.78B | 7,024.63B | 6,853.94B | 8,984.73B | 11,423.76B |
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | |
| Revenue | 3,285.14M | 3,325.44M | 2,684.47M | 2,524.23M | 3,258.33M |
| Gross Profit | 741.32M | 715.17M | 538.89M | 680.80M | 1,137.79M |
| Operating income | 571.06M | 554.75M | 408.76M | 532.05M | 957.85M |
| Income before tax | 424.25M | 321.63M | 279.97M | 546.52M | 929.53M |
| Net income | 233.96M | 177.89M | 152.43M | 334.62M | 483.29M |
| EBITDA | 858.37M | 900.17M | 742.54M | 876.18M | 1,310.44M |
| Diluted EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Dividends Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Assets | 6,695.95M | 6,413.86M | 5,958.62M | 6,522.25M | 6,814.14M |
| Total liabilities | 3,521.75M | 3,154.39M | 2,605.58M | 2,736.37M | 2,722.51M |
| Total equity | 2,683.97M | 2,767.61M | 2,865.88M | 3,146.45M | 3,468.26M |
| Operating cash flow | 721.74M | 592.10M | 511.59M | 675.52M | 853.67M |
Valuation Measures
| Dec 2017 | |
| PER | 9.19 |
| ROA | 7.17% |
| ROE | 14.46% |
| Operating margin | 29.39% |
| Profit margin | 14.83% |
Key executives
- President Director & Chief Executive Officer: Garibaldi Thohir
- Chief Operating Officer & Director: Ah Hoo Chia
- Chief Financial Officer & Director: David Tendian
- Chief Human Resources, IT Officer & Director: Julius Aslan
- Vice President Director & Deputy CEO: Christian Ariano Rachmat
Shareholders
- PT Adaro Strategic Investments (43.9%)
- THOHIR GARIBALDI (6.1%)
- SOERYADJAYA EDWIN (3.2%)
- RACHMAT THEODORE PERMADI (2.5%)
- Dimensional Fund Advisors LP (1.6%)
- The Vanguard Group, Inc. (1.4%)
- BlackRock Fund Advisors (1.0%)
- APG Asset Management NV (0.4%)
- BlackRock Japan Co., Ltd. (0.4%)
- Grantham, Mayo, Van Otterloo & Co. LLC (0.3%)
Contact Details
- Website:http://www.adaro.com
- Address: Menara Karya, 23rd Floor, Jalan H. R. Rasuna Said Block X-5, Jakarta, 12950, Indonesia
- Phone: +62.21.521.1265
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Competitors
- Geo Energy Resources Ltd.
- PT Bukit Asam Tbk
- Banpu Public Co. Ltd.
- Golden Energy & Resources Limited
- PT Indo Tambangraya Megah Tbk
- Vale S.A.
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Last Updated on 15 Feb, 2019