ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter
Energy Minerals

PT Adaro Energy Tbk

  • 1,060.00 IDR
  • +10.00
  • +0.95%
  • Indonesia
    Aug 20, 2019
  • Ticker
    JKT(ADRO)
  • Prev. close
    1,050
  • Market cap (IDR)
    33,585.26B
  • Market cap (USD)
    2,355.20M
  • Shares
    31,985.96M

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 IDRUSD
Revenue51,533.60B3,619.75M
Gross Profit17,149.49B1,204.59M
Operating income14,467.54B1,016.20M
Income before tax11,688.36B820.99M
Net income5,946.98B417.71M
EBITDA19,626.25B1,378.55M
Diluted EPS172.970.01
Dividends Per Share90.150.00
Total Assets101,533.65B7,060.75M
Total liabilities39,660.94B2,758.06M
Total equity52,492.73B3,650.39M
Operating cash flow12,897.24B905.90M
Currency in IDRCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 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 2014Dec 2015Dec 2016Dec 2017Dec 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
PER6.53
ROA6.13%
ROE11.94%
Operating margin28.07%
Profit margin11.54%

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

Related Companies

  • PT Tanjung Power Indonesia
  • PT Rehabilitasi Lingkungan Indonesia
  • PT Paramitha Cipta Sarana
  • PT Laskar Semesta Alam
  • PT Adaro Eksplorasi Indonesia
  • PT Adaro Logistics
  • PT Bukit Enim Energi
  • PT Harapan Bahtera Internusa
  • PT Maritim Barito Perkasa
  • Orchard Maritime Services Pte Ltd.
  • PT Dianlia Setyamukti
  • PT Saptaindra Sejati
  • PT Makmur Sejahtera Wisesa
  • PT Alam Tri Abadi

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
Last Updated on 20 Aug, 2019

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends June 30th

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media