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Retail Trade

PT Hero Supermarket Tbk

  • 915.00 IDR
  • -5.00
  • -0.54%
  • Indonesia
    Aug 14, 2018
  • Ticker
    JKT(HERO)
  • Prev. close
    920
  • Market cap (IDR)
    3,848.94B
  • Market cap (USD)
    263.98M
  • Shares
    4,183.63M

Company Background

Hero Supermarket is one of Indonesia's largest retailers. Established in 1971, it runs several brands, including the country's largest supermarket chain, Guardian drug stores and Giant hypermarkets. It operates around 700 stores in total, the majority located in Jakarta's metropolitan areas. It focuses on middle-income segment customers.

The majority of Hero's shares are indirectly owned by Jardine Matheson Holdings, a Hong Kong-based conglomerate with interests in the Mandarin Oriental hotel chain and Indonesia's largest automotive distributor, Astra International. Its board of directors and commissioners is cosmopolitan. President Stephane Deutsch is French, and the former chief of Carrefour Malaysia.

Hero has recently been hit by falling profits in the face of competition, rising wages and a decline in the Indonesian rupiah. The company recently signed a franchise agreement with Ikea, the Swedish furniture maker, in an effort to diversify. Ikea opened its first Indonesian store in October.

Business Summary

PT Hero Supermarket Tbk engages in the management of supermarkets, hypermarkets, and minimarkets. It operates through the Food and Non-Food segments. The Food segment consists of supermarket and hypermarket stores. The Non-Food segment offers retail operations such as pharmacy, drugs stores, health and beauty stores, and home furnishing. The company was founded on October 5, 1971 and is headquartered in Tangerang Selatan, Indonesia.

Financial Highlights

Dec 2017 IDRUSD
Revenue13,033.63B973.98M
Gross Profit3,022.38B225.85M
Operating income-272,883M-20.39M
Income before tax-251,647M-18.80M
Net income-191,406M-14.30M
EBITDA147,183M10.99M
Diluted EPS-46-0.00
Dividends Per Share00
Total Assets7,363.14B542.70M
Total liabilities2,164.40B159.52M
Total equity5,198.74B383.17M
Operating cash flow542,268M40.52M
Currency in IDRCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 11,900.35B 13,564.02B 14,352.70B 13,677.93B 13,033.63B
Gross Profit 2,542.83B 2,728.65B 2,896.36B 3,152.08B 3,022.38B
Operating income 475,281M -134,761M -187,403M 20,178M -272,883M
Income before tax 790,193M 41,961M -91,184M 184,449M -251,647M
Net income 671,138M 43,755M -82,222M 152,281M -191,406M
EBITDA 779,341M 252,777M 242,751M 438,521M 147,183M
Diluted EPS 176 10 -34 29 -46
Dividends Per Share 0 0 0 0 0
Total Assets 7,758.30B 8,295.64B 8,042.79B 7,487.03B 7,363.14B
Total liabilities 2,402.73B 2,841.82B 2,828.41B 2,029.25B 2,164.40B
Total equity 5,355.56B 5,453.82B 5,214.37B 5,457.78B 5,198.74B
Operating cash flow 100,581M -117,685M 662,579M 415,853M 542,268M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 1,139.00M 1,143.31M 1,071.31M 1,028.38M 973.98M
Gross Profit 243.37M 229.99M 216.19M 236.99M 225.85M
Operating income 45.49M -11.35M -13.98M 1.51M -20.39M
Income before tax 75.63M 3.53M -6.80M 13.86M -18.80M
Net income 64.23M 3.68M -6.13M 11.44M -14.30M
EBITDA 74.59M 21.30M 18.11M 32.97M 10.99M
Diluted EPS 0.01 0.00 -0.00 0.00 -0.00
Dividends Per Share 0 0 0 0 0
Total Assets 637.49M 669.81M 583.44M 555.72M 542.70M
Total liabilities 197.43M 229.45M 205.18M 150.62M 159.52M
Total equity 440.06M 440.35M 378.26M 405.10M 383.17M
Operating cash flow 9.62M -9.91M 49.45M 31.26M 40.52M

Valuation Measures

Dec 2017
PER--
ROA-2.57%
ROE-3.59%
Operating margin-2.09%
Profit margin-1.46%

Key executives

  • President Director: Stephane Deutsch
  • Director-Information Technology: Stefanus Mulianto
  • Independent Director: Heru Pribadi
  • Director: Ilauddin
  • Director: Rituraj Mohan

Shareholders

  • Dairy Farm International Holdings Ltd. (84.4%)
  • First State Investment Management (UK) Ltd. (2.7%)
  • PT Hero Pusaka Sejati (2.6%)
  • T. Rowe Price Hong Kong Ltd. (1.2%)
  • Aberdeen Asset Management (Asia) Ltd. (0.5%)
  • Wellington Management Co. LLP (0.2%)
  • First State Investments (Hong Kong) Ltd. (0.1%)
  • First State Investments (Singapore) (0.1%)
  • Wellington Management Hong Kong Ltd. (0.1%)
  • C-QUADRAT Asset Management (UK) LLP (0.0%)

Contact Details

  • Website:http://www.hero.co.id
  • Address: Graha HERO, CBD Bintaro, Sektor 7 Blok B7/A7, Tangerang Selatan, 15224, Indonesia
  • Phone: +62.21.8378.8388

Related Companies

  • Koninklijke Ahold NV /Indonesian Operations/

Competitors

  • PT Sumber Alfaria Trijaya
Last Updated on 14 Aug, 2018

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