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PT Astra International Tbk

Company Background

Since the sudden death of former President Michael D. Ruslim in 2010, Indonesian conglomerate Astra International has been led by Prijono Sugiarto, who was previously a sales engineering manager for Daimler-Benz Indonesia. The company's net profit fell for the first time in seven years in 2013, encouraging Sugiarto to further diversify. By boosting infrastructure and agricultural projects, he plans to raise Astra's capital spending in 2014 to an all-time high of 20 trillion rupiah ($1.6 billion).

Astra is a bellwether of Indonesian economy, not only due to its size but because most of its major subsidiaries, which are involved in businesses ranging from mining, to plantation farming, to banking, are listed on the local stock market. Analysts estimate the group constitutes nearly 10% of the total market capitalization of Indonesia's listed companies.

50.1% of Astra's shares are owned by the automotive subsidiary of Asian conglomerate Jardine Matheson Holdings, which also controls Indonesia's biggest super market chain and the Mandarin Oriental Hotel Group.

Business Summary

PT Astra International Tbk engages in the provision of mining, transportation, agriculture, and construction services. It operates through the following segments: Automotive; Financial Services; Heavy Equipment, Mining, Construction, and Energy (HEMCE); Agribusiness; Infrastructure and Logistics; Information Technology; and Property. The Automotive segment includes cars, motorcycles, components, and others. The Financial Services segment offers car, motorcycle, and heavy equipment financing; insurance; and banking services. The HEMCE segment is involved in construction machines, mining contractors, mining, and construction. The Infrastructure and Logistics segment represents the infrastructure and logistic value chain. The Information Technology segment covers document solution, information, and communication technology through Astragraphia. The company was founded by William Soeryadjaya and Kian Tie Tjia on February 20, 1957 and is headquartered in Jakarta, Indonesia.

Financial Highlights

Dec 2022 IDRUSD
Gross Profit68,341.00B4,601.39M
Operating income42,201.00B2,841.39M
Income before tax50,390.00B3,392.75M
Net income28,944.00B1,948.79M
Diluted EPS714.940.04
Dividends Per Share6400.04
Total Assets413,297.00B26,548.70M
Total liabilities169,577.00B10,893.01M
Total equity192,142.00B12,342.50M
Operating cash flow42,128.00B2,836.47M
Currency in IDRCurrency in USD

Historical Data

 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 239,205.00B 237,166.00B 175,046.00B 233,485.00B 301,379.00B
Gross Profit 49,675.00B 48,980.00B 36,918.00B 49,293.00B 68,341.00B
Operating income 26,868.00B 26,184.00B 12,870.00B 25,533.00B 42,201.00B
Income before tax 34,995.00B 34,054.00B 21,741.00B 32,350.00B 50,390.00B
Net income 21,673.00B 21,707.00B 16,164.00B 20,196.00B 28,944.00B
EBITDA 36,290.00B 39,636.00B 27,927.00B 39,681.00B 56,102.00B
Diluted EPS 535.34 536.18 399.26 498.86 714.94
Dividends Per Share 214.13 214 114 239 640
Total Assets 344,711.00B 351,958.00B 338,203.00B 367,311.00B 413,297.00B
Total liabilities 170,348.00B 165,195.00B 142,749.00B 151,696.00B 169,577.00B
Total equity 136,947.00B 147,847.00B 155,662.00B 172,053.00B 192,142.00B
Operating cash flow 32,990.00B 21,740.00B 38,195.00B 40,803.00B 42,128.00B
 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 16,801.90M 16,770.78M 12,037.52M 16,333.47M 20,291.82M
Gross Profit 3,489.20M 3,463.53M 2,538.76M 3,448.29M 4,601.39M
Operating income 1,887.22M 1,851.55M 885.04M 1,786.16M 2,841.39M
Income before tax 2,458.06M 2,408.07M 1,495.08M 2,263.04M 3,392.75M
Net income 1,522.32M 1,534.97M 1,111.56M 1,412.81M 1,948.79M
EBITDA 2,549.03M 2,802.79M 1,920.47M 2,775.88M 3,777.34M
Diluted EPS 0.03 0.03 0.02 0.03 0.04
Dividends Per Share 0.01 0.01 0.00 0.01 0.04
Total Assets 23,971.55M 25,352.63M 24,071.38M 25,771.68M 26,548.70M
Total liabilities 11,846.17M 11,899.51M 10,160.07M 10,643.46M 10,893.01M
Total equity 9,523.43M 10,649.88M 11,079.14M 12,071.77M 12,342.50M
Operating cash flow 2,317.23M 1,537.30M 2,626.58M 2,854.37M 2,836.47M

Valuation Measures

Dec 2022
Operating margin14.00%
Profit margin9.60%

Key executives

  • President Director: Djony Bunarto Tjondro
  • Chief Finance & Accounting Officer: Endro Wahyono
  • Chief Information Systems & Technology Officer: Benny Halim
  • Director: Suparno Djasmin
  • Director: Gidion Hasan


  • Jardine Cycle & Carriage Ltd. (50.1%)
  • Toyota Motor Corp. (4.7%)
  • The Vanguard Group, Inc. (1.6%)
  • BlackRock Fund Advisors (0.9%)
  • Invesco Asset Management Ltd. (0.8%)
  • Capital Research & Management Co. (Global Investors) (0.8%)
  • Capital International Ltd. (0.7%)
  • Orbis Investment Management Ltd. (0.7%)
  • ARGA Investment Management LP (0.5%)
  • Macquarie Investment Management Business Trust (0.5%)

Contact Details

  • Website:
  • Address: Menara Astra, Jalan Jenderal Sudirman Kav 5-6, Jakarta, 10220, Indonesia
  • Phone: +62.21.5084.3888

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Last Updated on 7 Jun, 2023

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