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Retail Trade

PT Sumber Alfaria Trijaya Tbk

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 2019 IDRUSD
Revenue72,944.98B5,158.18M
Gross Profit13,149.63B929.85M
Operating income860,125M60.82M
Income before tax1,414.13B99.99M
Net income1,112.51B78.66M
EBITDA2,252.42B159.27M
Diluted EPS26.790.00
Dividends Per Share13.380.00
Total Assets23,992.31B1,728.24M
Total liabilities17,108.00B1,232.34M
Total equity6,696.94B482.40M
Operating cash flow5,080.83B359.28M
Currency in IDRCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 48,265.45B 56,107.05B 61,464.90B 66,817.30B 72,944.98B
Gross Profit 8,230.89B 9,682.51B 10,633.85B 11,755.76B 13,149.63B
Operating income 758,442M 722,157M 383,924M 614,743M 860,125M
Income before tax 636,378M 687,801M 333,638M 831,658M 1,414.13B
Net income 451,088M 601,589M 300,275M 650,138M 1,112.51B
EBITDA 1,736.58B 1,912.14B 1,751.38B 2,081.46B 2,252.42B
Diluted EPS 11.23 14.49 7.23 15.65 26.79
Dividends Per Share 4.35 4.35 2.17 6.24 13.38
Total Assets 15,315.31B 19,474.36B 21,901.74B 22,165.96B 23,992.31B
Total liabilities 10,465.10B 14,179.60B 16,651.57B 16,148.41B 17,108.00B
Total equity 4,727.11B 5,137.35B 5,107.89B 5,856.46B 6,696.94B
Operating cash flow 2,903.14B 1,581.18B 2,681.16B 5,435.67B 5,080.83B
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 3,602.64M 4,218.44M 4,593.17M 4,693.28M 5,158.18M
Gross Profit 614.37M 727.98M 794.65M 825.73M 929.85M
Operating income 56.61M 54.29M 28.69M 43.17M 60.82M
Income before tax 47.50M 51.71M 24.93M 58.41M 99.99M
Net income 33.67M 45.23M 22.43M 45.66M 78.66M
EBITDA 129.62M 143.76M 130.87M 146.20M 159.27M
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 1,111.01M 1,445.49M 1,614.27M 1,541.44M 1,728.24M
Total liabilities 759.16M 1,052.48M 1,227.31M 1,122.97M 1,232.34M
Total equity 342.91M 381.32M 376.48M 407.26M 482.40M
Operating cash flow 216.69M 118.88M 200.35M 381.80M 359.28M

Valuation Measures

Dec 2019
PER32.84
ROA4.82%
ROE17.72%
Operating margin1.17%
Profit margin1.52%

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. (4.9%)
  • Lawson, Inc. (2.0%)
  • T. Rowe Price Associates, Inc. (Investment Management) (0.7%)
  • SUSANTO FENY DJOKO (0.6%)
  • SUSANTO BUDIYANTO DJOKO (0.4%)
  • SUSANTO HARRYANTO (0.4%)
  • Norges Bank Investment Management (0.2%)
  • FIL Investment Management (Singapore) Ltd. (0.0%)
  • PT Schroder Investment Management Indonesia (0.0%)

Contact Details

Related Companies

  • PT Global Loyalti Indonesia
  • PT Lancar Wiguna Indonesia
  • PT Sumber Indah Lestari
  • PT Midi Utama Indonesia Tbk

Competitors

  • PT Matahari Putra Prima Tbk
  • PT Hero Supermarket Tbk
  • Lotte Shopping Co., Ltd
  • Lawson, Inc.
  • CK Hutchison Holdings Ltd
  • PT Supra Boga Lestari Tbk
  • PT Ramayana Lestari Sentosa Tbk
  • Alimentation Couche-Tard Inc. Class B
  • Koninklijke Ahold Delhaize N.V.
  • Philippine Seven Corporation
  • Puregold Price Club Inc.
Last Updated on 1 Dec, 2020

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