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Communications

PT XL Axiata Tbk

  • 2,840.00 IDR
  • +110.00
  • +4.03%
  • Indonesia
    Aug 14, 2018
  • Ticker
    JKT(EXCL)
  • Prev. close
    2,730
  • Market cap (IDR)
    29,178.13B
  • Market cap (USD)
    2,001.24M
  • Shares
    10,687.95M

Company Background

XL Axiata is Indonesia's second-largest mobile phone operator by subscribers. XL was established in 1995 as a joint venture between several companies, including an affiliate of Rajawali Group, an Indonesian conglomerate. The shares were later consolidated under the Axiata Group, Malaysia's largest telecommunications company and a two-thirds shareholder. The remainder is publicly traded on the Indonesia Stock Exchange.

Hasnul Suhaimi, an Indonesian, became the company's president and chief executive only a few months after resigning as president of rival Indosat in 2006. The move came amid allegations that Singapore's sovereign wealth fund, Temasek Holdings -- an indirect shareholder in Indosat and its rival, Telekomunikasi Selular better known as Telkomsel -- violated Indonesia's antimonopoly laws. Indosat did not publicly provide a reason for Suhaimi's departure.

XL spent $865 million to buy smaller rival Axis Telekom Indonesia, putting it ahead of Indosat. But the acquisition left XL with a hefty debt, prompting the company to sell 3,500 telecommunication towers to a local tower operator.

Business Summary

PT XL Axiata Tbk engages in the provision of cellular telecommunications services. It offers the following products and services: Cellular mobile network; Internet Service Provider; Voice over internet protocol; Content provider; Money remitter service for Non-Bank; E-Money issuance services; Internet interconnection services; and Closed fixed network. The company was founded on October 6, 1989 and is headquartered in Jakarta, Indonesia.

Financial Highlights

Dec 2017 IDRUSD
Revenue22,875.66B1,709.46M
Gross Profit12,113.76B905.24M
Operating income1,370.20B102.39M
Income before tax221,238M16.53M
Net income375,244M28.04M
EBITDA8,321.24B621.83M
Diluted EPS350.00
Dividends Per Share00
Total Assets56,321.44B4,151.20M
Total liabilities34,690.59B2,556.88M
Total equity21,630.85B1,594.31M
Operating cash flow8,763.18B654.85M
Currency in IDRCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 21,265.06B 23,460.01B 22,876.18B 21,341.42B 22,875.66B
Gross Profit 10,843.15B 12,102.46B 12,330.85B 10,212.53B 12,113.76B
Operating income 2,666.01B 1,617.51B 1,082.08B 12,221M 1,370.20B
Income before tax 1,365.68B -1,003.42B -630,526M 185,581M 221,238M
Net income 1,032.81B -803,714M -25,338M 375,516M 375,244M
EBITDA 8,424.52B 8,458.85B 8,217.38B 8,058.26B 8,321.24B
Diluted EPS 119.35 -93.70 -2.95 38 35
Dividends Per Share 64.11 0 0 0 0
Total Assets 40,277.62B 63,630.88B 58,844.32B 54,896.28B 56,321.44B
Total liabilities 24,977.47B 49,582.91B 44,752.68B 33,687.14B 34,690.59B
Total equity 15,300.14B 14,047.97B 14,091.63B 21,209.14B 21,630.85B
Operating cash flow 6,307.14B 7,150.08B 6,246.22B 5,975.69B 8,763.18B
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 2,035.32M 1,977.44M 1,707.52M 1,604.56M 1,709.46M
Gross Profit 1,037.82M 1,020.11M 920.40M 767.83M 905.24M
Operating income 255.17M 136.34M 80.76M 0.91M 102.39M
Income before tax 130.71M -84.57M -47.06M 13.95M 16.53M
Net income 98.85M -67.74M -1.89M 28.23M 28.04M
EBITDA 806.32M 712.99M 613.36M 605.86M 621.83M
Diluted EPS 0.01 -0.00 -0.00 0.00 0.00
Dividends Per Share 0.00 0 0 0 0
Total Assets 3,309.58M 5,137.73M 4,268.72M 4,074.69M 4,151.20M
Total liabilities 2,052.38M 4,003.46M 3,246.47M 2,500.43M 2,556.88M
Total equity 1,257.20M 1,134.27M 1,022.24M 1,574.25M 1,594.31M
Operating cash flow 603.67M 602.68M 466.23M 449.28M 654.85M

Valuation Measures

Dec 2017
PER84.57
ROA0.67%
ROE1.75%
Operating margin5.98%
Profit margin1.64%

Key executives

  • President Director: Dian Siswarini
  • Independent Director: Yessie D. Yosetya
  • Chief Strategic Partnership Officer: Johnson Chan
  • Director: Mohamed Adlan bin Ahmad Tajudin
  • Director: Allan Bonke

Shareholders

  • Axiata Group Bhd. (66.3%)
  • Emirates Telecommunications Group Co. PJSC (4.1%)
  • Massachusetts Financial Services Co. (2.1%)
  • Sun Life Financial, Inc. (2.0%)
  • Brandes Investment Partners LP (2.0%)
  • The Vanguard Group, Inc. (1.1%)
  • PT AIA Financial (0.8%)
  • BNP PARIBAS ASSET MANAGEMENT Asia Ltd. (0.7%)
  • Dimensional Fund Advisors LP (0.7%)
  • Value Partners Ltd. (0.6%)

Contact Details

  • Website:http://www.xl.co.id
  • Address: XL Axiata Tower, Jalan H.R. Rasuna Said X5 Kav. 11, Jakarta, 12950, Indonesia
  • Phone: +62.21.576.1881

Related Companies

  • Excel Phoneloan 818 BV
  • Excelcomindo Finance Co. BV

Competitors

  • PT Telekomunikasi Indonesia, Tbk Class B
  • PT Indosat Tbk Class B
  • PT Tiphone Mobile Indonesia Tbk
Last Updated on 14 Aug, 2018

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