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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 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 by William Soeryadjaya and Kian Tie Tjia on February 20, 1957 and is headquartered in Jakarta, Indonesia.

Financial Highlights

Dec 2019 IDRUSD
Revenue237,166.00B16,770.78M
Gross Profit48,980.00B3,463.53M
Operating income26,184.00B1,851.55M
Income before tax34,054.00B2,408.07M
Net income21,707.00B1,534.97M
EBITDA39,636.00B2,802.79M
Diluted EPS536.180.03
Dividends Per Share2140.01
Total Assets351,958.00B25,352.63M
Total liabilities165,195.00B11,899.51M
Total equity147,847.00B10,649.88M
Operating cash flow21,740.00B1,537.30M
Currency in IDRCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 184,196.00B 181,084.00B 206,057.00B 239,205.00B 237,166.00B
Gross Profit 35,817.00B 35,528.00B 41,352.00B 49,675.00B 48,980.00B
Operating income 17,156.00B 17,534.00B 20,326.00B 26,868.00B 26,184.00B
Income before tax 19,630.00B 22,253.00B 29,137.00B 34,995.00B 34,054.00B
Net income 14,464.00B 15,156.00B 18,847.00B 21,673.00B 21,707.00B
EBITDA 25,026.00B 25,076.00B 28,192.00B 36,290.00B 39,636.00B
Diluted EPS 357 374 465.54 535.34 536.18
Dividends Per Share 177 168 185 214.13 214
Total Assets 245,435.00B 261,855.00B 295,830.00B 344,711.00B 351,958.00B
Total liabilities 118,902.00B 121,949.00B 139,325.00B 170,348.00B 165,195.00B
Total equity 102,043.00B 111,951.00B 123,780.00B 136,947.00B 147,847.00B
Operating cash flow 29,126.00B 21,185.00B 28,301.00B 32,990.00B 21,740.00B
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 13,748.80M 13,614.92M 15,398.30M 16,801.90M 16,770.78M
Gross Profit 2,673.46M 2,671.19M 3,090.16M 3,489.20M 3,463.53M
Operating income 1,280.56M 1,318.30M 1,518.92M 1,887.22M 1,851.55M
Income before tax 1,465.22M 1,673.10M 2,177.36M 2,458.06M 2,408.07M
Net income 1,079.62M 1,139.51M 1,408.40M 1,522.32M 1,534.97M
EBITDA 1,867.99M 1,885.35M 2,106.74M 2,549.03M 2,802.79M
Diluted EPS 0.02 0.02 0.03 0.03 0.03
Dividends Per Share 0.01 0.01 0.01 0.01 0.01
Total Assets 17,804.49M 19,436.25M 21,804.31M 23,971.55M 25,352.63M
Total liabilities 8,625.46M 9,051.69M 10,269.02M 11,846.17M 11,899.51M
Total equity 7,402.46M 8,309.59M 9,123.27M 9,523.43M 10,649.88M
Operating cash flow 2,174.02M 1,592.80M 2,114.88M 2,317.23M 1,537.30M

Valuation Measures

Dec 2019
PER12.91
ROA6.23%
ROE15.24%
Operating margin11.04%
Profit margin9.15%

Key executives

  • President Commissioner & President Director: Prijono Sugiarto
  • Chief Finance & Accounting Officer: Endro Wahyono
  • Chief Corporate Information Technology Officer: Benny Halim
  • Director: Paulus Bambang Santoso
  • Director: Suparno Djasmin

Shareholders

  • Jardine Cycle & Carriage Ltd. (50.1%)
  • Toyota Motor Corp. (4.7%)
  • The Vanguard Group, Inc. (1.7%)
  • Capital Research & Management Co. (Global Investors) (1.2%)
  • BlackRock Asset Management North Asia Ltd. (1.1%)
  • BlackRock Fund Advisors (0.8%)
  • T. Rowe Price International Ltd. (0.6%)
  • Aberdeen Asset Managers Ltd. (0.5%)
  • Aberdeen Standard Investments (Asia) Ltd. (0.5%)
  • Lazard Asset Management LLC (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

Related Companies

  • PT Unitra Nusantara Persada
  • PT Asuransi Astra Buana (AMBDSG)
  • PT Dharma Agro Lestari
  • PT Astra Tol Nusantara
  • PT Baskhara Utama Sedaya
  • PT Menara Astra
  • PT Astra Mitra Ventura
  • PT Sedaya Pratama
  • PT General Electric Services
  • PT Fuji Technica Indonesia
  • PT Astra Nissan Diesel Indonesia
  • PT Intertel Nusaperdana
  • PT Asuransi Astra
  • PT Arya Kharisma
  • PT Serasi Autoraya
  • PT Federal International Finance
  • PT Sedaya Multi Investama
  • PT Astra Sedaya Finance
  • PT Astratel Nusantara
  • PT Surya Artha Nusantara Finance
  • PT Gaya Motor
  • PT Astra Graphia Tbk
  • PT United Tractors Tbk
  • PT Astra Otoparts Tbk
  • PT Astra Agro Lestari Tbk

Competitors

  • Toyota Motor Corp.
  • Isuzu Motors Limited
  • PT Aneka Tambang Tbk
Last Updated on 4 Aug, 2020

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