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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 2021 IDRUSD
Revenue233,485.00B16,333.47M
Gross Profit49,293.00B3,448.29M
Operating income25,533.00B1,786.16M
Income before tax32,350.00B2,263.04M
Net income20,196.00B1,412.81M
EBITDA39,681.00B2,775.88M
Diluted EPS498.860.03
Dividends Per Share2390.01
Total Assets367,311.00B25,771.68M
Total liabilities151,696.00B10,643.46M
Total equity172,053.00B12,071.77M
Operating cash flow40,803.00B2,854.37M
Currency in IDRCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 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 2017Dec 2018Dec 2019Dec 2020Dec 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
PER11.42
ROA5.72%
ROE12.32%
Operating margin10.93%
Profit margin8.64%

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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Competitors

    Last Updated on 12 Aug, 2022

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