ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Finance

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 Office 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 2021 IDRUSD
Revenue26,056.99B1,822.82M
Gross Profit25,864.02B1,809.32M
Operating income25,696.73B1,797.61M
Income before tax25,696.06B1,797.57M
Net income24,889.90B1,741.17M
EBITDA25,697.56B1,797.67M
Diluted EPS1,824.540.12
Dividends Per Share600.00
Total Assets61,151.52B4,290.58M
Total liabilities5,136.74B360.41M
Total equity55,993.73B3,928.69M
Operating cash flow-362,643M-25.36M
Currency in IDRCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 1,545.74B -6,089.44B 2,021.67B 9,471.06B 26,056.99B
Gross Profit -- -6,090.48B 2,020.86B 9,470.26B 25,864.02B
Operating income 3,211.72B -6,535.86B 7,961.79B 8,950.38B 25,696.73B
Income before tax 3,187.46B -6,685.05B 7,738.08B 8,693.22B 25,696.06B
Net income 3,231.69B -6,194.57B 7,371.03B 8,825.42B 24,889.90B
EBITDA 3,213.08B -6,252.84B 7,962.61B 8,951.18B 25,697.56B
Diluted EPS 237.60 -456.82 539.17 642.82 1,824.54
Dividends Per Share 14.80 22 11 22 60
Total Assets 26,629.59B 20,114.87B 26,657.52B 35,048.94B 61,151.52B
Total liabilities 4,342.23B 4,150.62B 3,883.35B 3,652.32B 5,136.74B
Total equity 22,033.00B 15,655.46B 22,724.76B 31,377.52B 55,993.73B
Operating cash flow 1,922.50B -378,929M 674,502M 366,699M -362,643M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 115.51M -427.72M 142.95M 651.30M 1,822.82M
Gross Profit -- -427.79M 142.90M 651.24M 1,809.32M
Operating income 240.00M -459.08M 563.00M 615.49M 1,797.61M
Income before tax 238.19M -469.56M 547.18M 597.81M 1,797.57M
Net income 241.49M -435.11M 521.23M 606.90M 1,741.17M
EBITDA 240.10M -439.20M 563.06M 615.55M 1,797.67M
Diluted EPS 0.01 -0.03 0.03 0.04 0.12
Dividends Per Share 0.00 0.00 0.00 0.00 0.00
Total Assets 1,962.74M 1,398.80M 1,920.22M 2,494.58M 4,290.58M
Total liabilities 320.04M 288.63M 279.73M 259.95M 360.41M
Total equity 1,623.95M 1,088.69M 1,636.93M 2,233.27M 3,928.69M
Operating cash flow 143.66M -26.61M 47.69M 25.21M -25.36M

Valuation Measures

Dec 2021
PER1.51
ROA51.74%
ROE56.97%
Operating margin98.61%
Profit margin95.52%

Key executives

  • President Director: Michael William P. Soeryadjaya
  • Finance Director: Lany Djuwita Wong
  • Division Head-Budgeting, Accounting & MIS: Tommy Tjia
  • Investment Director: Devin Wirawan
  • Partner: Maurits Daniel R. Lalisang

Shareholders

  • SOERYADJAYA EDWIN (33.1%)
  • SOERYADJAYA FAMILY (32.7%)
  • UNO SANDIAGA SALAHUDDIN (21.5%)
  • PT Saratoga Investama Sedaya Tbk (0.4%)
  • FIL Investment Management (Singapore) Ltd. (0.2%)
  • Mackenzie Investments Corp. (United States) (0.1%)
  • AXA Investment Managers Asia (Singapore) Ltd. (0.0%)
  • Allianz Global Investors Asia Pacific Ltd. (0.0%)
  • Mackenzie Financial Corp. (0.0%)
  • Lion Global Investors Ltd. (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 Alberta Telecommunication

Competitors

    Last Updated on 4 Oct, 2022

    Discover the all new Nikkei Asia app

    • Take your reading anywhere with offline reading functions
    • Never miss a story with breaking news alerts
    • Customize your reading experience

    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