ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintTitle ChevronIcon Twitter
Miscellaneous

PT Saratoga Investama Sedaya Tbk

Company Background

Saratoga Investama Sedaya is one of Indonesia's few listed investment companies, having gone public in mid-2013.

Saratoga, which holds major interests in coal miner Adaro Energy and palm oil producer Provident Agro, has been hit by low global commodity prices. But it has taken steps to diversify and increase its exposure to Indonesia's consumer sector: It handled automotive distributor Mitra Pinasthika Mustika's initial public offering and acquired a minor stake in a local luxury fashion retailer.

Saratoga was established in 1991 by Edwin Soeryadjaya. His father, Chinese-Indonesian billionaire William Soeryadjaya, was the founder of conglomerate Astra International.

In 1998, during the aftermath of the Asian financial crisis, Indonesian businessman Sandiaga S. Uno joined Saratoga. He is currently Saratoga's president, while Soeryadjaya serves as chairman. Together, the two executives own more than 50% of the company's shares.

Business Summary

PT Saratoga Investama Sedaya Tbk is an investment company, which engages in the management of investee companies. It operates through the following segments: Natural Resources, Infrastructure, Consumer Products, and Head Officer and Others. The Natural Resources segment offers investment opportunities relating to the natural resources the country can offer. The Infrastructure segment provides investment opportunities in the infrastructure field, such as toll roads, power plants, transportation, and related sectors. The Consumer Products segment focuses on investing in retail sector. The company was founded by Edwin Soeryadjaya and Sandliaga Salahuddin Uno on May 17, 1991 and is headquartered in Jakarta, Indonesia.

Financial Highlights

Dec 2019 IDRUSD
Revenue2,021.67B142.95M
Gross Profit2,020.86B142.90M
Operating income7,644.91B540.59M
Income before tax7,738.08B547.18M
Net income7,371.03B521.23M
EBITDA7,962.61B563.06M
Diluted EPS2,695.870.19
Dividends Per Share550.00
Total Assets26,657.52B1,920.22M
Total liabilities3,883.35B279.73M
Total equity22,724.76B1,636.93M
Operating cash flow674,502M47.69M
Currency in IDRCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 4,282.27B 884,081M 1,545.74B -6,089.44B 2,021.67B
Gross Profit 957,182M -- -- -6,090.48B 2,020.86B
Operating income -- 6,731.74B 3,211.72B -6,535.86B 7,644.91B
Income before tax 1,676.46B 6,585.13B 3,187.46B -6,685.05B 7,738.08B
Net income 923,407M 5,669.92B 3,231.69B -6,194.57B 7,371.03B
EBITDA -- 6,733.17B 3,213.08B -6,252.84B 7,962.61B
Diluted EPS 341 2,087 1,188 -2,284.13 2,695.87
Dividends Per Share 32 148 74 110 55
Total Assets 16,701.44B 25,144.27B 26,629.59B 20,114.87B 26,657.52B
Total liabilities 5,220.65B 5,777.73B 4,342.23B 4,150.62B 3,883.35B
Total equity 10,531.92B 18,984.33B 22,033.00B 15,655.46B 22,724.76B
Operating cash flow 681,819M 292,736M 1,922.50B -378,929M 674,502M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 319.63M 66.47M 115.51M -427.72M 142.95M
Gross Profit 71.44M -- -- -427.79M 142.90M
Operating income -- 506.13M 240.00M -459.08M 540.59M
Income before tax 125.13M 495.10M 238.19M -469.56M 547.18M
Net income 68.92M 426.29M 241.49M -435.11M 521.23M
EBITDA -- 506.23M 240.10M -439.20M 563.06M
Diluted EPS 0.02 0.15 0.08 -0.16 0.19
Dividends Per Share 0.00 0.01 0.00 0.00 0.00
Total Assets 1,211.56M 1,866.34M 1,962.74M 1,398.80M 1,920.22M
Total liabilities 378.72M 428.85M 320.04M 288.63M 279.73M
Total equity 764.01M 1,409.11M 1,623.95M 1,088.69M 1,636.93M
Operating cash flow 50.89M 22.00M 143.66M -26.61M 47.69M

Valuation Measures

Dec 2019
PER1.33
ROA31.51%
ROE38.41%
Operating margin378.14%
Profit margin364.59%

Key executives

  • President Director: Michael William P. Soeryadjaya
  • Finance Director: Lany Djuwita Wong
  • Investment Director: Devin Wirawan
  • Portfolio Director: Andi Esfandiari
  • Partner: Maurits Daniel R. Lalisang

Shareholders

  • SOERYADJAYA EDWIN (33.0%)
  • SOERYADJAYA FAMILY (32.7%)
  • UNO SANDIAGA SALAHUDDIN (21.5%)
  • PT Saratoga Investama Sedaya Tbk (0.7%)
  • Acadian Asset Management LLC (0.0%)

Contact Details

Related Companies

  • Delta Investment Horizon International Ltd.
  • PT Trimitra Karya Jaya
  • PT Nugraha Eka Kencana
  • PT Tri Wahana Universal
  • PT Wahana Anugerah Sejahtera
  • PT Mitra Pinasthika Mustika Tbk
  • PT Saratoga Sentra Business
  • PT Alberta Telecommunication

Competitors

    Last Updated on 20 Oct, 2020

    You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

    Stay ahead with our exclusives on Asia;
    the most dynamic market in the world.

    Stay ahead with our exclusives on Asia

    Get trusted insights from experts within Asia itself.

    Get trusted insights from experts
    within Asia itself.

    Try 1 month for $0.99

    You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

    This is your last free article this month

    Stay ahead with our exclusives on Asia; the most
    dynamic market in the world
    .

    Get trusted insights from experts
    within Asia itself.

    Try 3 months for $9

    Offer ends October 31st

    Your trial period has expired

    You need a subscription to...

    • Read all stories with unlimited access
    • Use our mobile and tablet apps
    See all offers and subscribe

    Your full access to Nikkei Asia has expired

    You need a subscription to:

    • Read all stories with unlimited access
    • Use our mobile and tablet apps
    See all offers
    NAR on print phone, device, and tablet media

    Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

    Celebrate our next chapter
    Free access for everyone - Sep. 30

    Find out more