Energy Minerals
PT Adaro Energy Tbk
- 1,060.00 IDR
- +10.00
- +0.95%
Indonesia
Aug 20, 2019Ticker
JKT(ADRO)Prev. close
1,050Market cap (IDR)
33,585.26BMarket cap (USD)
2,355.20MShares
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
PT Adaro Energy Tbk engages in the integrated coal mining, mining services and logistics, and power businesses through its subsidiaries. It operates through the following segments: Coal Mining and Trading, Mining Services, Logistics, and Others. The Coal Mining and Trading segment produces and distributes thermal coal. The Mining Services segment provides exploration, drilling, transportation, logistical support, and overburden mining removal services. The Logistics and Others segment focuses on coal terminal operations, barging and ship loading, channel dredging, and maintenance contracting activities. The company was founded on July 28, 2004 and is headquartered in Jakarta, Indonesia.
Financial Highlights
| Dec 2018 | IDR | USD |
| Revenue | 51,533.60B | 3,619.75M |
| Gross Profit | 17,149.49B | 1,204.59M |
| Operating income | 14,467.54B | 1,016.20M |
| Income before tax | 11,688.36B | 820.99M |
| Net income | 5,946.98B | 417.71M |
| EBITDA | 19,626.25B | 1,378.55M |
| Diluted EPS | 172.97 | 0.01 |
| Dividends Per Share | 90.15 | 0.00 |
| Total Assets | 101,533.65B | 7,060.75M |
| Total liabilities | 39,660.94B | 2,758.06M |
| Total equity | 52,492.73B | 3,650.39M |
| Operating cash flow | 12,897.24B | 905.90M |
| Currency in IDR | Currency in USD |
Historical Data
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | |
| Revenue | 39,452.42B | 35,964.57B | 33,573.40B | 43,602.33B | 51,533.60B |
| Gross Profit | 8,484.67B | 7,219.71B | 9,055.03B | 15,225.72B | 17,149.49B |
| Operating income | 6,581.48B | 5,476.29B | 7,076.53B | 12,817.76B | 14,467.54B |
| Income before tax | 3,815.86B | 3,750.86B | 7,268.93B | 12,438.79B | 11,688.36B |
| Net income | 2,110.53B | 2,042.27B | 4,450.59B | 6,467.38B | 5,946.98B |
| EBITDA | 10,679.46B | 9,948.00B | 11,653.61B | 17,536.04B | 19,626.25B |
| Diluted EPS | 61.45 | 59.48 | 129.54 | 188.14 | 172.97 |
| Dividends Per Share | 30.25 | 31.93 | 42.40 | 107.64 | 90.15 |
| Total Assets | 79,435.70B | 82,139.70B | 87,871.10B | 92,450.93B | 101,533.65B |
| Total liabilities | 39,067.14B | 35,918.00B | 36,865.81B | 36,937.79B | 39,660.94B |
| Total equity | 34,276.84B | 39,506.26B | 42,390.65B | 47,055.75B | 52,492.73B |
| Operating cash flow | 7,024.63B | 6,853.94B | 8,984.73B | 11,423.76B | 12,897.24B |
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | |
| Revenue | 3,325.44M | 2,684.47M | 2,524.23M | 3,258.33M | 3,619.75M |
| Gross Profit | 715.17M | 538.89M | 680.80M | 1,137.79M | 1,204.59M |
| Operating income | 554.75M | 408.76M | 532.05M | 957.85M | 1,016.20M |
| Income before tax | 321.63M | 279.97M | 546.52M | 929.53M | 820.99M |
| Net income | 177.89M | 152.43M | 334.62M | 483.29M | 417.71M |
| EBITDA | 900.17M | 742.54M | 876.18M | 1,310.44M | 1,378.55M |
| Diluted EPS | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 |
| Dividends Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Assets | 6,413.86M | 5,958.62M | 6,522.25M | 6,814.14M | 7,060.75M |
| Total liabilities | 3,154.39M | 2,605.58M | 2,736.37M | 2,722.51M | 2,758.06M |
| Total equity | 2,767.61M | 2,865.88M | 3,146.45M | 3,468.26M | 3,650.39M |
| Operating cash flow | 592.10M | 511.59M | 675.52M | 853.67M | 905.90M |
Valuation Measures
| Dec 2018 | |
| PER | 6.53 |
| ROA | 6.13% |
| ROE | 11.94% |
| Operating margin | 28.07% |
| Profit margin | 11.54% |
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
- Chief Legal Officer & Director: M. Syah Indra Aman
Shareholders
- PT Adaro Strategic Investments (43.9%)
- THOHIR GARIBALDI (6.1%)
- SOERYADJAYA EDWIN (3.2%)
- RACHMAT THEODORE PERMADI (2.5%)
- Dimensional Fund Advisors LP (1.7%)
- The Vanguard Group, Inc. (1.4%)
- BlackRock Fund Advisors (0.9%)
- BlackRock Japan Co., Ltd. (0.4%)
- APG Asset Management NV (0.3%)
- First Trust Advisors LP (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: +62.21.521.1265
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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
- PT Indika Energy Tbk
- Banpu Public Co. Ltd.
- Geo Energy Resources Ltd.
- Vale S.A.
- Golden Energy & Resources Limited
- Peabody Energy Corporation
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Last Updated on 20 Aug, 2019