Distribution Services
PT Astra International Tbk
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- Top Indonesian lender BCA buys Rabobank local unit for $28m Dec 12, 2019 See more articles on 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 | IDR | USD |
| Revenue | 237,166.00B | 16,770.78M |
| Gross Profit | 48,980.00B | 3,463.53M |
| Operating income | 26,184.00B | 1,851.55M |
| Income before tax | 34,054.00B | 2,408.07M |
| Net income | 21,707.00B | 1,534.97M |
| EBITDA | 39,636.00B | 2,802.79M |
| Diluted EPS | 536.18 | 0.03 |
| Dividends Per Share | 214 | 0.01 |
| Total Assets | 351,958.00B | 25,352.63M |
| Total liabilities | 165,195.00B | 11,899.51M |
| Total equity | 147,847.00B | 10,649.88M |
| Operating cash flow | 21,740.00B | 1,537.30M |
| Currency in IDR | Currency in USD |
Historical Data
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 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 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 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 | |
| PER | 12.91 |
| ROA | 6.23% |
| ROE | 15.24% |
| Operating margin | 11.04% |
| Profit margin | 9.15% |
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%)
- Capital Research & Management Co. (Global Investors) (1.7%)
- The Vanguard Group, Inc. (1.6%)
- BlackRock Asset Management North Asia Ltd. (1.1%)
- BlackRock Fund Advisors (0.8%)
- T. Rowe Price International Ltd. (0.6%)
- UBS Asset Management (Singapore) Ltd. (0.5%)
- Lazard Asset Management LLC (0.4%)
- Eastspring Investments (Singapore) Ltd. (0.4%)
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 Astra Aviva Life
- PT Menara Astra
- PT Astra Mitra Ventura
- PT Sedaya Pratama
- PT General Electric Services
- 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
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Last Updated on 14 Jan, 2021
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