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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 2020 IDRUSD
Revenue175,046.00B12,037.52M
Gross Profit36,918.00B2,538.76M
Operating income12,870.00B885.04M
Income before tax21,741.00B1,495.08M
Net income16,164.00B1,111.56M
EBITDA27,927.00B1,920.47M
Diluted EPS399.260.02
Dividends Per Share1140.00
Total Assets338,203.00B24,071.38M
Total liabilities142,749.00B10,160.07M
Total equity155,662.00B11,079.14M
Operating cash flow38,195.00B2,626.58M
Currency in IDRCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 181,084.00B 206,057.00B 239,205.00B 237,166.00B 175,046.00B
Gross Profit 35,528.00B 41,352.00B 49,675.00B 48,980.00B 36,918.00B
Operating income 17,534.00B 20,326.00B 26,868.00B 26,184.00B 12,870.00B
Income before tax 22,253.00B 29,137.00B 34,995.00B 34,054.00B 21,741.00B
Net income 15,156.00B 18,847.00B 21,673.00B 21,707.00B 16,164.00B
EBITDA 25,076.00B 28,192.00B 36,290.00B 39,636.00B 27,927.00B
Diluted EPS 374 465.54 535.34 536.18 399.26
Dividends Per Share 168 185 214.13 214 114
Total Assets 261,855.00B 295,830.00B 344,711.00B 351,958.00B 338,203.00B
Total liabilities 121,949.00B 139,325.00B 170,348.00B 165,195.00B 142,749.00B
Total equity 111,951.00B 123,780.00B 136,947.00B 147,847.00B 155,662.00B
Operating cash flow 21,185.00B 28,301.00B 32,990.00B 21,740.00B 38,195.00B
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 13,614.92M 15,398.30M 16,801.90M 16,770.78M 12,037.52M
Gross Profit 2,671.19M 3,090.16M 3,489.20M 3,463.53M 2,538.76M
Operating income 1,318.30M 1,518.92M 1,887.22M 1,851.55M 885.04M
Income before tax 1,673.10M 2,177.36M 2,458.06M 2,408.07M 1,495.08M
Net income 1,139.51M 1,408.40M 1,522.32M 1,534.97M 1,111.56M
EBITDA 1,885.35M 2,106.74M 2,549.03M 2,802.79M 1,920.47M
Diluted EPS 0.02 0.03 0.03 0.03 0.02
Dividends Per Share 0.01 0.01 0.01 0.01 0.00
Total Assets 19,436.25M 21,804.31M 23,971.55M 25,352.63M 24,071.38M
Total liabilities 9,051.69M 10,269.02M 11,846.17M 11,899.51M 10,160.07M
Total equity 8,309.59M 9,123.27M 9,523.43M 10,649.88M 11,079.14M
Operating cash flow 1,592.80M 2,114.88M 2,317.23M 1,537.30M 2,626.58M

Valuation Measures

Dec 2020
PER15.09
ROA4.68%
ROE10.65%
Operating margin7.35%
Profit margin9.23%

Key executives

  • President Director: Djony Bunarto Tjondro
  • Chief Finance & Accounting Officer: Endro Wahyono
  • Chief Corporate Information Technology Officer: Benny Halim
  • Director: Suparno Djasmin
  • Director: Johannes Loman

Shareholders

  • Jardine Cycle & Carriage Ltd. (50.1%)
  • Toyota Motor Corp. (4.7%)
  • Capital Research & Management Co. (Global Investors) (2.3%)
  • The Vanguard Group, Inc. (1.5%)
  • BlackRock Fund Advisors (0.8%)
  • UBS Asset Management (Singapore) Ltd. (0.6%)
  • BlackRock Asset Management North Asia Ltd. (0.6%)
  • T. Rowe Price International Ltd. (0.5%)
  • Eastspring Investments (Singapore) Ltd. (0.4%)
  • Capital Research & Management Co. (World Investors) (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 Asuransi Jiwa Astra
  • 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
Last Updated on 7 May, 2021

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