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Consumer Durables

PT Astra International Tbk

  • 6,975.00 IDR
  • -125.00
  • -1.76%
  • Indonesia
    Aug 16, 2018
  • Ticker
    JKT(ASII)
  • Prev. close
    7,100
  • Market cap (IDR)
    287,433.21B
  • Market cap (USD)
    19,673.72M
  • Shares
    40,483.55M

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 general trading, mining, transportation, agriculture, construction, and consultation businesses. It operates through the following business segments: Automotive; Financial Services; Heavy Equipment and Mining; Agribusiness; Infrastructure, Logistics and Others; and Information Technology. The Automotive segment distributes automobiles, motorcycles, automotive components, and provides value-added services. The Financial Services segment offers automobile, motorcycle and heavy equipment financing, general banking, and general insurance services. The Heavy Equipment and Mining segment focuses on construction machinery, mining contracting, and coal mining activities. The Agribusiness segment manages palm oil plantation and production. The Infrastructure, Logistic and Others segment comprises toll roads construction and operation, water distribution services, fuel storage facilities, public transportation services, vehicle rental services, and used automobile sales. The Information Technology segment provides business, document, mobile banking, and information and communication technology solutions. The company was founded on February 20, 1957 and is headquartered in Jakarta, Indonesia.

Financial Highlights

Dec 2017 IDRUSD
Revenue206,057.00B15,398.30M
Gross Profit41,352.00B3,090.16M
Operating income21,106.00B1,577.21M
Income before tax29,196.00B2,181.77M
Net income18,881.00B1,410.94M
EBITDA28,972.00B2,165.03M
Diluted EPS4660.03
Dividends Per Share1850.01
Total Assets295,646.00B21,790.74M
Total liabilities139,317.00B10,268.43M
Total equity123,645.00B9,113.32M
Operating cash flow28,489.00B2,128.93M
Currency in IDRCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 193,880.00B 201,701.00B 184,196.00B 181,084.00B 206,057.00B
Gross Profit 34,628.00B 38,048.00B 35,817.00B 35,528.00B 41,352.00B
Operating income 18,603.00B 20,163.00B 17,156.00B 17,534.00B 21,106.00B
Income before tax 21,226.00B 27,058.00B 19,630.00B 22,253.00B 29,196.00B
Net income 19,417.00B 19,191.00B 14,464.00B 15,156.00B 18,881.00B
EBITDA 26,066.00B 27,957.00B 25,026.00B 25,076.00B 28,972.00B
Diluted EPS 480 474 357 374 466
Dividends Per Share 216 216 177 168 185
Total Assets 213,994.00B 236,027.00B 245,435.00B 261,855.00B 295,646.00B
Total liabilities 107,806.00B 115,840.00B 118,902.00B 121,949.00B 139,317.00B
Total equity 83,938.00B 95,494.00B 102,043.00B 111,951.00B 123,645.00B
Operating cash flow 23,481.00B 18,113.00B 29,126.00B 21,185.00B 28,489.00B
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 18,556.67M 17,001.37M 13,748.80M 13,614.92M 15,398.30M
Gross Profit 3,314.32M 3,207.06M 2,673.46M 2,671.19M 3,090.16M
Operating income 1,780.53M 1,699.53M 1,280.56M 1,318.30M 1,577.21M
Income before tax 2,031.58M 2,280.71M 1,465.22M 1,673.10M 2,181.77M
Net income 1,858.44M 1,617.60M 1,079.62M 1,139.51M 1,410.94M
EBITDA 2,494.83M 2,356.49M 1,867.99M 1,885.35M 2,165.03M
Diluted EPS 0.04 0.04 0.02 0.02 0.03
Dividends Per Share 0.02 0.01 0.01 0.01 0.01
Total Assets 17,583.73M 19,057.48M 17,804.49M 19,436.25M 21,790.74M
Total liabilities 8,858.33M 9,353.25M 8,625.46M 9,051.69M 10,268.43M
Total equity 6,897.12M 7,710.45M 7,402.46M 8,309.59M 9,113.32M
Operating cash flow 2,247.41M 1,526.74M 2,174.02M 1,592.80M 2,128.93M

Valuation Measures

Dec 2017
PER17.81
ROA6.77%
ROE16.02%
Operating margin10.24%
Profit margin9.16%

Key executives

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

Shareholders

  • Jardine Cycle & Carriage Ltd. (50.1%)
  • Toyota Motor Corp. (4.7%)
  • Aberdeen Asset Managers Ltd. (1.8%)
  • The Vanguard Group, Inc. (1.6%)
  • Norges Bank Investment Management (1.0%)
  • BlackRock Fund Advisors (0.9%)
  • Templeton Asset Management Ltd. (Hong Kong) (0.9%)
  • PT Schroder Investment Management Indonesia (0.8%)
  • Lazard Asset Management LLC (0.7%)
  • OppenheimerFunds, Inc. (0.7%)

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

Related Companies

  • 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 Buana
  • 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
Last Updated on 16 Aug, 2018

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