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Non-Energy Minerals

PT Aneka Tambang Persero Tbk

  • 805.00 IDR
  • -40.00
  • -4.73%
  • Indonesia
    Jun 25, 2019
  • Ticker
    JKT(ANTM)
  • Prev. close
    845
  • Market cap (IDR)
    20,305.99B
  • Market cap (USD)
    1,437.59M
  • Shares
    24,030.76M

Company Background

Aneka Tambang, known as Antam, is a state-owned diversified mining company. It is Indonesia's largest producer of nickel, which is used for car components and kitchen utensils. The company also produces gold, silver and bauxite.

Antam has seen sales and profits plunge since Indonesia in January banned nickel ore exports. The company has since agreed with Freeport Indonesia, the local unit of U.S. based Freeport-McMoRan, to develop a copper-processing plant in Indonesia. Antam has also pushed efforts to expand its gold unit, but the business has been hit by softening prices.

Company Chairman R. Sukhyar is also the director general for coal and mineral resources at Indonesia's Ministry of Energy and Mineral Resources. At his government post, Sukhyar issues operating permits and fleshes out regulations. Tato Miraza, who joined Antam in 1992, was appointed president in 2013. The Indonesian government owns about 65% of Antam's shares.

Business Summary

PT Aneka Tambang Tbk engages in the exploration, exploitation, processing, refining, and marketing of minerals, precious metals, and coal. It operates through the following segments: Nickel, Precious Metals and Refinery, Bauxite and Alumina, and Head Office. The Nickel segment consists of ferronickel, and high-grade and low-grade nickel ore. The Precious Metals and Refinery segment comprises of gold, silver mining, processing, refining and marketing as well precious metals refining services. The Bauxite and Alumina segment operates the bauxite mine in Tayan, West Kalimantan; and produces ANTAM coal in Sarolangun mine in Jambi. The Head Office segment records financial income and expenses, income tax expenses, and other earnings and expenses. The company was founded on July 5, 1968 and is headquartered in Jakarta, Indonesia.

Financial Highlights

Dec 2018 IDRUSD
Revenue25,241.26B1,772.96M
Gross Profit3,400.02B238.81M
Operating income1,971.40B138.47M
Income before tax1,265.50B88.88M
Net income874,425.03M61.42M
EBITDA3,052.22B214.39M
Diluted EPS36.380.00
Dividends Per Share12.740.00
Total Assets33,306.39B2,316.16M
Total liabilities13,567.16B943.47M
Total equity19,739.21B1,372.68M
Operating cash flow2,094.27B147.10M
Currency in IDRCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 9,420.63B 10,531.50B 9,106.26B 12,653.61B 25,241.26B
Gross Profit 729,740.56M 124,211.06M 740,789.28M 1,539.09B 3,400.02B
Operating income -137,062.72M -701,438.52M 3,959.90M 600,606.31M 1,971.40B
Income before tax -790,792.55M -1,668.77B 237,291.59M 454,396.52M 1,265.50B
Net income -743,530.13M -1,440.85B 64,810.32M 136,506.78M 874,425.03M
EBITDA 671,888.25M 67,943.10M 692,468.29M 1,550.06B 3,052.22B
Diluted EPS -65.51 -120 3 5.68 36.38
Dividends Per Share 0 0 0 1.99 12.74
Total Assets 22,004.08B 30,356.85B 29,981.53B 30,014.27B 33,306.39B
Total liabilities 9,954.16B 12,040.13B 11,572.74B 11,523.86B 13,567.16B
Total equity 12,049.89B 18,316.69B 18,408.77B 18,490.38B 19,739.21B
Operating cash flow 828,790.32M 715,077.23M 1,102.70B 1,551.12B 2,094.27B
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 794.06M 786.09M 684.66M 945.58M 1,772.96M
Gross Profit 61.50M 9.27M 55.69M 115.01M 238.81M
Operating income -11.55M -52.35M 0.29M 44.88M 138.47M
Income before tax -66.65M -124.56M 17.84M 33.95M 88.88M
Net income -62.67M -107.54M 4.87M 10.20M 61.42M
EBITDA 56.63M 5.07M 52.06M 115.83M 214.39M
Diluted EPS -0.00 -0.00 0.00 0.00 0.00
Dividends Per Share 0 0 0 0.00 0.00
Total Assets 1,776.67M 2,202.16M 2,225.38M 2,212.21M 2,316.16M
Total liabilities 803.72M 873.42M 858.98M 849.37M 943.47M
Total equity 972.94M 1,328.74M 1,366.39M 1,362.84M 1,372.68M
Operating cash flow 69.85M 53.37M 82.90M 115.91M 147.10M

Valuation Measures

Dec 2018
PER21.02
ROA2.76%
ROE4.57%
Operating margin7.81%
Profit margin3.46%

Key executives

  • President Director: Arie Prabowo Ariotedjo
  • Operations Director: Hari Widjajanto
  • Finance Director: Dimas Wikan Pramudhito
  • VP-Information & Communication Technology: Zakri Muhammad
  • Vice President-Legal & Compliance: Rusdi Irwanto

Shareholders

  • Government of Indonesia (65%)
  • Dimensional Fund Advisors LP (1.2%)
  • The Vanguard Group, Inc. (1.2%)
  • BlackRock Fund Advisors (0.5%)
  • BlackRock Japan Co., Ltd. (0.4%)
  • Norges Bank Investment Management (0.4%)
  • Baillie Gifford & Co. (0.3%)
  • PT Indo Premier Securities (Investment Management) (0.2%)
  • BlackRock Advisors (UK) Ltd. (0.1%)
  • PT Manulife Aset Manajemen Indonesia (0.0%)

Contact Details

  • Website:http://www.antam.com
  • Address: Gedung Aneka Tambang Tower A, Jalan Letjen T. B. Simatupang No. 1, Jakarta, 12530, Indonesia
  • Phone: +62.21.789.1234

Related Companies

  • Aceros Coyote SA de CV
  • PT International Mineral Capital
  • Asia Pacific Nickel Pty Ltd.
  • PT Dwimitra Enggang Khatulistiwa
  • PT Indonesia Chemical Alumina
  • PT Mega Citra Utama
  • PT Antam Resourcindo
  • PT Cibaliung Sumberdaya

Competitors

  • Kingsgate Consolidated Limited
  • Newcrest Mining Limited
  • Freeport-McMoRan, Inc.
  • Nickel Asia Corp.
  • PT Central Omega Resources Tbk
Last Updated on 25 Jun, 2019

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