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Consumer Durables

PT Astra International Tbk

  • 7,300.00 IDR
  • -100.00
  • -1.35%
  • Indonesia
    Mar 18, 2019
  • Ticker
    JKT(ASII)
  • Prev. close
    7,400
  • Market cap (IDR)
    299,578.27B
  • Market cap (USD)
    21,041.49M
  • 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 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 on February 20, 1957 and is headquartered in Jakarta, Indonesia.

Financial Highlights

Dec 2018 IDRUSD
Revenue239,205.00B16,801.90M
Gross Profit49,675.00B3,489.20M
Operating income26,868.00B1,887.22M
Income before tax34,995.00B2,458.06M
Net income21,673.00B1,522.32M
EBITDA36,290.00B2,549.03M
Diluted EPS535.340.03
Dividends Per Share----
Total Assets344,711.00B23,971.55M
Total liabilities170,348.00B11,846.17M
Total equity136,947.00B9,523.43M
Operating cash flow32,990.00B2,317.23M
Currency in IDRCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 201,701.00B 184,196.00B 181,084.00B 206,057.00B 239,205.00B
Gross Profit 38,048.00B 35,817.00B 35,528.00B 41,352.00B 49,675.00B
Operating income 20,163.00B 17,156.00B 17,534.00B 20,326.00B 26,868.00B
Income before tax 27,058.00B 19,630.00B 22,253.00B 29,137.00B 34,995.00B
Net income 19,191.00B 14,464.00B 15,156.00B 18,847.00B 21,673.00B
EBITDA 27,957.00B 25,026.00B 25,076.00B 28,192.00B 36,290.00B
Diluted EPS 474 357 374 465.54 535.34
Dividends Per Share 216 177 168 185 --
Total Assets 236,027.00B 245,435.00B 261,855.00B 295,830.00B 344,711.00B
Total liabilities 115,840.00B 118,902.00B 121,949.00B 139,325.00B 170,348.00B
Total equity 95,494.00B 102,043.00B 111,951.00B 123,780.00B 136,947.00B
Operating cash flow 18,113.00B 29,126.00B 21,185.00B 28,301.00B 32,990.00B
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 17,001.37M 13,748.80M 13,614.92M 15,398.30M 16,801.90M
Gross Profit 3,207.06M 2,673.46M 2,671.19M 3,090.16M 3,489.20M
Operating income 1,699.53M 1,280.56M 1,318.30M 1,518.92M 1,887.22M
Income before tax 2,280.71M 1,465.22M 1,673.10M 2,177.36M 2,458.06M
Net income 1,617.60M 1,079.62M 1,139.51M 1,408.40M 1,522.32M
EBITDA 2,356.49M 1,867.99M 1,885.35M 2,106.74M 2,549.03M
Diluted EPS 0.04 0.02 0.02 0.03 0.03
Dividends Per Share 0.01 0.01 0.01 0.01 --
Total Assets 19,057.48M 17,804.49M 19,436.25M 21,804.31M 23,971.55M
Total liabilities 9,353.25M 8,625.46M 9,051.69M 10,269.02M 11,846.17M
Total equity 7,710.45M 7,402.46M 8,309.59M 9,123.27M 9,523.43M
Operating cash flow 1,526.74M 2,174.02M 1,592.80M 2,114.88M 2,317.23M

Valuation Measures

Dec 2018
PER15.36
ROA6.76%
ROE16.62%
Operating margin11.23%
Profit margin9.06%

Key executives

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

Shareholders

  • Jardine Cycle & Carriage Ltd. (50.1%)
  • Toyota Motor Corp. (4.7%)
  • The Vanguard Group, Inc. (1.7%)
  • BlackRock Fund Advisors (1.1%)
  • Aberdeen Asset Managers Ltd. (1.0%)
  • Norges Bank Investment Management (1.0%)
  • T. Rowe Price International Ltd. (0.7%)
  • Lazard Asset Management LLC (0.7%)
  • Aberdeen Standard Investments (Asia) Ltd. (0.6%)
  • Templeton Asset Management Ltd. (0.5%)

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 18 Mar, 2019

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