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Energy Minerals

PT Adaro Energy Tbk

  • 2,210.00 IDR
  • -20.00
  • -0.90%
  • Indonesia
    Apr 20, 2018
  • Ticker
    JKT(ADRO)
  • Prev. close
    2,230
  • Market cap (IDR)
    71,328.70B
  • Market cap (USD)
    5,139.88M
  • Shares
    31,986M

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 2017 IDRUSD
Revenue43,602.33B3,258.33M
Gross Profit15,225.72B1,137.79M
Operating income12,817.76B957.85M
Income before tax12,438.79B929.53M
Net income6,467.38B483.29M
EBITDA17,536.04B1,310.44M
Diluted EPS188.140.01
Dividends Per Share----
Total Assets92,450.93B6,814.14M
Total liabilities36,937.79B2,722.51M
Total equity47,055.75B3,468.26M
Operating cash flow11,423.76B853.67M
Currency in IDRCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 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 --
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 2013Dec 2014Dec 2015Dec 2016Dec 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 --
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
PER9.19
ROA7.17%
ROE14.46%
Operating margin29.39%
Profit margin14.83%

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. (1.3%)
  • Estate Of Sumodikoro Subianto Arpan (1.3%)
  • BlackRock Fund Advisors (1.0%)
  • APG Asset Management NV (0.3%)
  • 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: +62.21.521.1265

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Competitors

  • Golden Energy & Resources Limited
  • PT Bukit Asam Tbk
  • PT Indo Tambangraya Megah Tbk
  • Cokal Limited
  • Banpu Public Co. Ltd.
Last Updated on 20 Apr, 2018

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