Distribution Services
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 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 2021 | IDR | USD |
| Revenue | 233,485.00B | 16,333.47M |
| Gross Profit | 49,293.00B | 3,448.29M |
| Operating income | 25,533.00B | 1,786.16M |
| Income before tax | 32,350.00B | 2,263.04M |
| Net income | 20,196.00B | 1,412.81M |
| EBITDA | 39,681.00B | 2,775.88M |
| Diluted EPS | 498.86 | 0.03 |
| Dividends Per Share | 239 | 0.01 |
| Total Assets | 367,311.00B | 25,771.68M |
| Total liabilities | 151,696.00B | 10,643.46M |
| Total equity | 172,053.00B | 12,071.77M |
| Operating cash flow | 40,803.00B | 2,854.37M |
| Currency in IDR | Currency in USD |
Historical Data
| Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | |
| Revenue | 206,057.00B | 239,205.00B | 237,166.00B | 175,046.00B | 233,485.00B |
| Gross Profit | 41,352.00B | 49,675.00B | 48,980.00B | 36,918.00B | 49,293.00B |
| Operating income | 20,326.00B | 26,868.00B | 26,184.00B | 12,870.00B | 25,533.00B |
| Income before tax | 29,137.00B | 34,995.00B | 34,054.00B | 21,741.00B | 32,350.00B |
| Net income | 18,847.00B | 21,673.00B | 21,707.00B | 16,164.00B | 20,196.00B |
| EBITDA | 28,192.00B | 36,290.00B | 39,636.00B | 27,927.00B | 39,681.00B |
| Diluted EPS | 465.54 | 535.34 | 536.18 | 399.26 | 498.86 |
| Dividends Per Share | 185 | 214.13 | 214 | 114 | 239 |
| Total Assets | 295,830.00B | 344,711.00B | 351,958.00B | 338,203.00B | 367,311.00B |
| Total liabilities | 139,325.00B | 170,348.00B | 165,195.00B | 142,749.00B | 151,696.00B |
| Total equity | 123,780.00B | 136,947.00B | 147,847.00B | 155,662.00B | 172,053.00B |
| Operating cash flow | 28,301.00B | 32,990.00B | 21,740.00B | 38,195.00B | 40,803.00B |
| Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | |
| Revenue | 15,398.30M | 16,801.90M | 16,770.78M | 12,037.52M | 16,333.47M |
| Gross Profit | 3,090.16M | 3,489.20M | 3,463.53M | 2,538.76M | 3,448.29M |
| Operating income | 1,518.92M | 1,887.22M | 1,851.55M | 885.04M | 1,786.16M |
| Income before tax | 2,177.36M | 2,458.06M | 2,408.07M | 1,495.08M | 2,263.04M |
| Net income | 1,408.40M | 1,522.32M | 1,534.97M | 1,111.56M | 1,412.81M |
| EBITDA | 2,106.74M | 2,549.03M | 2,802.79M | 1,920.47M | 2,775.88M |
| Diluted EPS | 0.03 | 0.03 | 0.03 | 0.02 | 0.03 |
| Dividends Per Share | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 |
| Total Assets | 21,804.31M | 23,971.55M | 25,352.63M | 24,071.38M | 25,771.68M |
| Total liabilities | 10,269.02M | 11,846.17M | 11,899.51M | 10,160.07M | 10,643.46M |
| Total equity | 9,123.27M | 9,523.43M | 10,649.88M | 11,079.14M | 12,071.77M |
| Operating cash flow | 2,114.88M | 2,317.23M | 1,537.30M | 2,626.58M | 2,854.37M |
Valuation Measures
| Dec 2021 | |
| PER | 11.42 |
| ROA | 5.72% |
| ROE | 12.32% |
| Operating margin | 10.93% |
| Profit margin | 8.64% |
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
Shareholders
- Jardine Cycle & Carriage Ltd. (49.8%)
- Toyota Motor Corp. (4.7%)
- The Vanguard Group, Inc. (1.5%)
- BlackRock Fund Advisors (0.9%)
- Capital International Ltd. (0.8%)
- Invesco Asset Management Ltd. (0.7%)
- Capital Research & Management Co. (Global Investors) (0.6%)
- Matthews International Capital Management LLC (0.5%)
- Macquarie Investment Management Business Trust (0.5%)
- Orbis Investment Management Ltd. (0.5%)
Contact Details
- Website:http://www.astra.co.id
- Address: Menara Astra, Jalan Jenderal Sudirman Kav 5-6, Jakarta, 10220, Indonesia
- Phone: +62.21.5084.3888
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