PT Astra International Tbk

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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 manufacture, assembly and distribution of automobiles, motorcycles and related spare parts. It operates through the following business segments: Automotive; Financial Services; Heavy Equipment, Mining, Construction, and Energy (HEMCE); Agribusiness; Infrastructure and Logistics; Information Technology; and Property. The Automotive segment comprises of cars, motorcycle, component, and others. The Financial Services segment offers car, motorcycle, and heavy equipment financing; insurance; and banking services. The HEMCE segment consists of construction machine, mining contractor, mining, and construction. The Infrastructure and Logistics segment includes infrastructure, and logistic value chain. The Information Technology segment covers document solution, information, and communication technology through Astragraphia. The company was founded on February 20, 1957 and is headquartered in Jakarta, Indonesia.

Financial Highlights

Dec 2018	IDR	USD
Revenue	239,205.00B	16,801.90M
Gross Profit	49,675.00B	3,489.20M
Operating income	26,868.00B	1,887.22M
Income before tax	34,995.00B	2,458.06M
Net income	21,673.00B	1,522.32M
EBITDA	36,290.00B	2,549.03M
Diluted EPS	535.34	0.03
Dividends Per Share	214.13	0.01
Total Assets	344,711.00B	23,971.55M
Total liabilities	170,348.00B	11,846.17M
Total equity	136,947.00B	9,523.43M
Operating cash flow	32,990.00B	2,317.23M
	Currency in IDR	Currency in USD

Historical Data

IDR | USD

	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018
Revenue	201,701.00B	184,196.00B	181,084.00B	206,057.00B	239,205.00B
Gross Profit	38,048.00B	35,817.00B	35,528.00B	41,352.00B	49,675.00B
Operating income	20,163.00B	17,156.00B	17,534.00B	20,326.00B	26,868.00B
Income before tax	27,058.00B	19,630.00B	22,253.00B	29,137.00B	34,995.00B
Net income	19,191.00B	14,464.00B	15,156.00B	18,847.00B	21,673.00B
EBITDA	27,957.00B	25,026.00B	25,076.00B	28,192.00B	36,290.00B
Diluted EPS	474	357	374	465.54	535.34
Dividends Per Share	216	177	168	185	214.13
Total Assets	236,027.00B	245,435.00B	261,855.00B	295,830.00B	344,711.00B
Total liabilities	115,840.00B	118,902.00B	121,949.00B	139,325.00B	170,348.00B
Total equity	95,494.00B	102,043.00B	111,951.00B	123,780.00B	136,947.00B
Operating cash flow	18,113.00B	29,126.00B	21,185.00B	28,301.00B	32,990.00B

	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018
Revenue	17,001.37M	13,748.80M	13,614.92M	15,398.30M	16,801.90M
Gross Profit	3,207.06M	2,673.46M	2,671.19M	3,090.16M	3,489.20M
Operating income	1,699.53M	1,280.56M	1,318.30M	1,518.92M	1,887.22M
Income before tax	2,280.71M	1,465.22M	1,673.10M	2,177.36M	2,458.06M
Net income	1,617.60M	1,079.62M	1,139.51M	1,408.40M	1,522.32M
EBITDA	2,356.49M	1,867.99M	1,885.35M	2,106.74M	2,549.03M
Diluted EPS	0.04	0.02	0.02	0.03	0.03
Dividends Per Share	0.01	0.01	0.01	0.01	0.01
Total Assets	19,057.48M	17,804.49M	19,436.25M	21,804.31M	23,971.55M
Total liabilities	9,353.25M	8,625.46M	9,051.69M	10,269.02M	11,846.17M
Total equity	7,710.45M	7,402.46M	8,309.59M	9,123.27M	9,523.43M
Operating cash flow	1,526.74M	2,174.02M	1,592.80M	2,114.88M	2,317.23M

Valuation Measures

Dec 2018
PER	15.36
ROA	6.76%
ROE	16.62%
Operating margin	11.23%
Profit margin	9.06%

Key executives

President Director: Prijono Sugiarto
Chief Finance & Accounting: Endro Wahyono
Chief Corporate Information Technology Officer: Benny Halim
Director: Paulus Bambang Santoso
Director: Johannes Loman

Shareholders

Jardine Cycle & Carriage Ltd. (50.1%)
Toyota Motor Corp. (4.7%)
The Vanguard Group, Inc. (1.7%)
Norges Bank Investment Management (1.0%)
BlackRock Fund Advisors (0.9%)
Aberdeen Asset Managers Ltd. (0.8%)
T. Rowe Price International Ltd. (0.7%)
BlackRock Asset Management North Asia Ltd. (0.7%)
Lazard Asset Management LLC (0.7%)
PT Schroder Investment Management Indonesia (0.6%)

Contact Details

Website:http://www.astra.co.id
Address: Astra International Building, Jalan Gaya Motor Raya No. 8, Jakarta, 14330, Indonesia
Phone: +62.21.652.2555

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Competitors

Toyota Motor Corp.
Isuzu Motors Limited
PT Aneka Tambang Tbk

Last Updated on 24 Jan, 2020