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Retail Trade

PT Sumber Alfaria Trijaya Tbk

  • 910.00 IDR
  • +5.00
  • +0.55%
  • Indonesia
    Apr 23, 2019
  • Ticker
    JKT(AMRT)
  • Prev. close
    905
  • Market cap (IDR)
    37,579.67B
  • Market cap (USD)
    2,669.48M
  • Shares
    41,524.50M

Company Background

Founded in 1989 by Chinese-Indonesian businessman Djoko Susanto, Sumber Alfaria Trijaya started out as a distribution company before entering the convenience store market in 1999.

The company's main brand is Alfamart with nearly 10,000 stores across the archipelago. It also recently opened Alfamart stores in the Philippines, through a joint venture with local conglomerate SM Group.

SAT also operates Alfamidi mini supermarkets and Lawson, the Japanese convenience store chain, through its listed subsidiary Midi Utama Indonesia.

In 2011, Japanese trading house Mitsubishi Corp. entered an equity partnership with SAT to import food and consumer goods brands into Indonesia. It has since formed several joint ventures with food and beverage companies such as Japan's Yamazaki Baking.

Susanto is SAT's chairman, and several of his children are involved in managing the business.

Business Summary

PT Sumber Alfaria Trijaya engages in the retail distribution of consumer products through mini-market networks under the name Alfamart. It operates through the following business segments: Food, Non-Food Products, and Service. The company was founded by Djoko Susanto on February 22, 1989 and is headquartered in Tangerang, Indonesia.

Financial Highlights

Dec 2018 IDRUSD
Revenue66,817.30B4,693.28M
Gross Profit11,755.76B825.73M
Operating income614,743M43.17M
Income before tax831,658M58.41M
Net income650,138M45.66M
EBITDA2,081.46B146.20M
Diluted EPS15.650.00
Dividends Per Share3.600.00
Total Assets22,165.96B1,541.44M
Total liabilities16,148.41B1,122.97M
Total equity5,856.46B407.26M
Operating cash flow5,435.67B381.80M
Currency in IDRCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 41,495.72B 48,265.45B 56,107.05B 61,464.90B 66,817.30B
Gross Profit 6,922.86B 8,230.89B 9,682.51B 10,633.85B 11,755.76B
Operating income 966,176M 758,442M 722,157M 383,924M 614,743M
Income before tax 782,856M 636,378M 687,801M 333,638M 831,658M
Net income 539,553M 451,088M 601,589M 300,275M 650,138M
EBITDA 1,777.85B 1,736.58B 1,912.14B 1,751.38B 2,081.46B
Diluted EPS 14.27 11.23 14.49 7.23 15.65
Dividends Per Share 3.85 4.35 4.35 2.17 3.60
Total Assets 14,081.68B 15,315.31B 19,474.36B 21,901.74B 22,165.96B
Total liabilities 11,083.10B 10,465.10B 14,179.60B 16,651.57B 16,148.41B
Total equity 2,885.42B 4,727.11B 5,137.35B 5,107.89B 5,856.46B
Operating cash flow 1,102.05B 2,903.14B 1,581.18B 2,681.16B 5,435.67B
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 3,497.67M 3,602.64M 4,218.44M 4,593.17M 4,693.28M
Gross Profit 583.52M 614.37M 727.98M 794.65M 825.73M
Operating income 81.43M 56.61M 54.29M 28.69M 43.17M
Income before tax 65.98M 47.50M 51.71M 24.93M 58.41M
Net income 45.47M 33.67M 45.23M 22.43M 45.66M
EBITDA 149.85M 129.62M 143.76M 130.87M 146.20M
Diluted EPS 0.00 0.00 0.00 0.00 0.00
Dividends Per Share 0.00 0.00 0.00 0.00 0.00
Total Assets 1,136.99M 1,111.01M 1,445.49M 1,614.27M 1,541.44M
Total liabilities 894.88M 759.16M 1,052.48M 1,227.31M 1,122.97M
Total equity 232.97M 342.91M 381.32M 376.48M 407.26M
Operating cash flow 92.89M 216.69M 118.88M 200.35M 381.80M

Valuation Measures

Dec 2018
PER59.71
ROA2.95%
ROE11.85%
Operating margin0.92%
Profit margin0.97%

Key executives

  • President Director: Anggara Hans Prawira
  • Finance Director & Secretary: Tomin Widian
  • Director-International Business & Technology: Bambang Setyawan Djojo
  • Director-Corporate Affairs: Solihin
  • Director-Property & Development: Harryanto Susanto

Shareholders

  • PT Sigmantara Alfindo (52.5%)
  • Mitsubishi Corp. (4.8%)
  • Lawson, Inc. (2.0%)
  • T. Rowe Price Associates, Inc. (0.6%)
  • SUSANTO FENY DJOKO (0.6%)
  • SUSANTO BUDIYANTO DJOKO (0.4%)
  • SUSANTO HARRYANTO (0.4%)
  • Lombard Odier Asset Management (Switzerland) SA (0.4%)
  • Norges Bank Investment Management (0.2%)
  • Morgan Stanley Investment Management Co. (0.1%)

Contact Details

Related Companies

  • PT Sumber Indah Lestari
  • PT Midi Utama Indonesia Tbk

Competitors

  • PT Ramayana Lestari Sentosa Tbk
  • PT Matahari Putra Prima Tbk
  • PT Hero Supermarket Tbk
  • Lotte Shopping Co., Ltd
  • CK Hutchison Holdings Ltd
  • Alimentation Couche-Tard Inc. Class B
  • Royal Ahold Delhaize N.V.
  • Sprouts Farmers Markets, Inc.
  • Philippine Seven Corporation
Last Updated on 23 Apr, 2019

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