PT Astra International Tbk

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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

IDR | USD

	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%)
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

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Competitors

Toyota Motor Corp.
Isuzu Motors Limited
PT Aneka Tambang Tbk

Last Updated on 4 Aug, 2020