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Energy Minerals

PT Tambang Batubara Bukit Asam (Persero) Tbk

  • 4,070.00 IDR
  • -80.00
  • -1.93%
  • Indonesia
    Mar 25, 2019
  • Ticker
    JKT(PTBA)
  • Prev. close
    4,150
  • Market cap (IDR)
    47,810.73B
  • Market cap (USD)
    3,371.70M
  • Shares
    11,520.65M

Company Background

State-owned Tambang Batubara Bukit Asam is a major coal mining company in Indonesia. It owns a large coal mine in South Sumatra that covers more than 70% of its total mining area. It produced 15 million tons of coal in 2013 and aims to produce 50 million tons by 2017. The Indonesian government owns 65% of its shares.

Chairman Agus Suhartono was appointed in 2013 after serving as commander-in-chief of the Indonesian National Army, the country's highest military position. Milawarma M.Eng, who was previously the company's director of operation and production, became president in 2011.

In the face of a prolonged decline in coal prices, Tambang Batubara Bukit Asam plans to invest in several power plant projects and supply coal to them. It has joined forces with overseas power generators such as Malaysia's Tenaga Nasional and China Huadian on several projects in Indonesia. Tambang Batubara Bukit Asam also plans to build power plants in Vietnam and Myanmar.

Business Summary

PT Bukit Asam Tbk engages in the mining, processing, and trading of coal. It operates through the Coal and Others segments. The Coal segment consists of coal mining activities including general surveying, exploration, exploitation, processing, refining, transportation, trading, maintenance of special coal port facilities, operation of steam power plants, and providing consulting services related to the coal mining industry and production. The Others segment includes briquette processing, palm plantation, and palm processing businesses. The company was founded on March 2, 1981 and is headquartered in Tanjung Enim, Indonesia.

Financial Highlights

Dec 2018 IDRUSD
Revenue21,166.99B1,486.78M
Gross Profit8,371.69B588.03M
Operating income6,190.30B434.81M
Income before tax6,799.05B477.56M
Net income5,023.94B352.88M
EBITDA6,952.52B488.34M
Diluted EPS476.630.03
Dividends Per Share----
Total Assets24,172.93B1,681.01M
Total liabilities7,903.23B549.59M
Total equity16,015.16B1,113.71M
Operating cash flow7,867.78B552.63M
Currency in IDRCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 13,077.96B 13,733.62B 14,058.86B 19,471.03B 21,166.99B
Gross Profit 3,843.50B 3,993.78B 4,226.22B 8,327.66B 8,371.69B
Operating income 2,126.11B 2,416.25B 2,508.94B 6,287.34B 6,190.30B
Income before tax 2,413.95B 2,663.79B 2,696.91B 6,067.78B 6,799.05B
Net income 1,860.73B 2,035.91B 2,006.18B 4,476.44B 5,023.94B
EBITDA 2,354.08B 2,790.91B 2,950.34B 7,030.84B 6,952.52B
Diluted EPS 171.20 188.20 190.40 425 476.63
Dividends Per Share 64.91 57.94 57.10 318.52 --
Total Assets 15,119.43B 17,176.52B 18,867.50B 21,987.48B 24,172.93B
Total liabilities 6,594.35B 7,888.97B 8,315.09B 8,187.49B 7,903.23B
Total equity 8,407.84B 9,174.69B 10,421.33B 13,608.09B 16,015.16B
Operating cash flow 1,976.11B 1,897.77B 1,928.34B 2,415.44B 7,867.78B
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 1,102.34M 1,025.10M 1,057.02M 1,455.03M 1,486.78M
Gross Profit 323.96M 298.10M 317.75M 622.31M 588.03M
Operating income 179.21M 180.35M 188.63M 469.84M 434.81M
Income before tax 203.47M 198.83M 202.76M 453.43M 477.56M
Net income 156.84M 151.96M 150.83M 334.51M 352.88M
EBITDA 198.42M 208.32M 221.82M 525.40M 488.34M
Diluted EPS 0.01 0.01 0.01 0.03 0.03
Dividends Per Share 0.00 0.00 0.00 0.02 --
Total Assets 1,220.78M 1,246.03M 1,400.44M 1,620.59M 1,681.01M
Total liabilities 532.44M 572.28M 617.19M 603.46M 549.59M
Total equity 678.87M 665.55M 773.52M 1,002.99M 1,113.71M
Operating cash flow 166.56M 141.65M 144.98M 180.50M 552.63M

Valuation Measures

Dec 2018
PER9.02
ROA21.76%
ROE33.91%
Operating margin29.24%
Profit margin23.73%

Key executives

  • President Director: H. Arviyan Arifin
  • Director-Production Operations: Suryo Eko Hadianto
  • Finance Director: Mega Satria
  • Senior Manager-Business Development: Octavianus Tarigan
  • Senior Manager-Information Technology: Anita Parma

Shareholders

  • Government of Indonesia (65.0%)
  • PT Bukit Asam Tbk (8.5%)
  • PT Taspen Persero (1.5%)
  • The Vanguard Group, Inc. (1.2%)
  • Prudential Plc (0.9%)
  • State of South Sumatra (0.9%)
  • PT AIA Financial (0.6%)
  • Dimensional Fund Advisors LP (0.5%)
  • APG Asset Management NV (0.4%)
  • Pictet Asset Management Ltd. (0.4%)

Contact Details

Related Companies

  • PT Bukit Asam Prima
  • PT Bukit Multi Investama
  • Bumi Sawindo Permai PT
  • Bukit Asam Pension Fund
  • PT International Prima Coal

Competitors

  • China Shenhua Energy Co. Ltd. Class H
  • PT Bumi Resources Tbk Class A
  • PT Indo Tambangraya Megah Tbk
  • Semirara Mining & Power Corp.
  • Coal India Ltd.
  • PT Harum Energy Tbk
  • PT Bayan Resources Tbk
  • PT Adaro Energy Tbk
  • Yanzhou Coal Mining Co. Ltd. Class H
  • Arch Coal Inc Class A
  • BHP Group Ltd
  • BHP Group Plc
  • Glencore plc
  • Peabody Energy Corporation
  • Rio Tinto Limited
  • Rio Tinto plc
  • Geo Energy Resources Ltd.
  • Golden Energy & Resources Limited
  • Banpu Public Co. Ltd.
Last Updated on 25 Mar, 2019

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