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PT XL Axiata Tbk
- 2,410.00 IDR
- +60.00
- +2.55%
Indonesia
Mar 8, 2019Ticker
JKT(EXCL)Prev. close
2,350Market cap (IDR)
25,116.70BMarket cap (USD)
1,754.88MShares
10,688M
In the news
- Telekomunikasi Indonesia buys logistics IT provider Nov 17, 2017
- Indonesian companies likely to drive boom in sukuk issuance Oct 24, 2017
- Indonesia's Telkomsel wins spectrum for $74 million Oct 18, 2017
- Salim Group buying Indonesia e-commerce platform as battle brews Aug 24, 2017
- Indonesian consumer stocks sink as earnings disappoint Aug 1, 2017 See more articles on PT XL Axiata Tbk
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
Financial Highlights
| Dec 2018 | IDR | USD |
| Revenue | 22,938.81B | 1,611.23M |
| Gross Profit | -593,948M | -41.71M |
| Operating income | -3,109.01B | -218.37M |
| Income before tax | -4,396.28B | -308.79M |
| Net income | -3,296.89B | -231.57M |
| EBITDA | 8,512.30B | 597.90M |
| Diluted EPS | -308.46 | -0.02 |
| Dividends Per Share | -- | -- |
| Total Assets | 57,613.95B | 4,006.53M |
| Total liabilities | 39,270.85B | 2,730.93M |
| Total equity | 18,343.09B | 1,275.59M |
| Operating cash flow | 8,521.39B | 598.54M |
| Currency in IDR | Currency in USD |
Historical Data
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | |
| Revenue | 23,460.01B | 22,876.18B | 21,341.42B | 22,875.66B | 22,938.81B |
| Gross Profit | 12,102.46B | 12,330.85B | 10,212.53B | 12,113.76B | -593,948M |
| Operating income | 1,617.51B | 1,082.08B | 12,221M | 1,370.20B | -3,109.01B |
| Income before tax | -1,003.42B | -630,526M | 185,581M | 221,238M | -4,396.28B |
| Net income | -803,714M | -25,338M | 375,516M | 375,244M | -3,296.89B |
| EBITDA | 8,458.85B | 8,217.38B | 8,058.26B | 8,321.24B | 8,512.30B |
| Diluted EPS | -93.70 | -2.95 | 38 | 35 | -308.46 |
| Dividends Per Share | 0 | 0 | 0 | 0 | -- |
| Total Assets | 63,630.88B | 58,844.32B | 54,896.28B | 56,321.44B | 57,613.95B |
| Total liabilities | 49,582.91B | 44,752.68B | 33,687.14B | 34,690.59B | 39,270.85B |
| Total equity | 14,047.97B | 14,091.63B | 21,209.14B | 21,630.85B | 18,343.09B |
| Operating cash flow | 7,150.08B | 6,246.22B | 5,975.69B | 8,763.18B | 8,521.39B |
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | |
| Revenue | 1,977.44M | 1,707.52M | 1,604.56M | 1,709.46M | 1,611.23M |
| Gross Profit | 1,020.11M | 920.40M | 767.83M | 905.24M | -41.71M |
| Operating income | 136.34M | 80.76M | 0.91M | 102.39M | -218.37M |
| Income before tax | -84.57M | -47.06M | 13.95M | 16.53M | -308.79M |
| Net income | -67.74M | -1.89M | 28.23M | 28.04M | -231.57M |
| EBITDA | 712.99M | 613.36M | 605.86M | 621.83M | 597.90M |
| Diluted EPS | -0.00 | -0.00 | 0.00 | 0.00 | -0.02 |
| Dividends Per Share | 0 | 0 | 0 | 0 | -- |
| Total Assets | 5,137.73M | 4,268.72M | 4,074.69M | 4,151.20M | 4,006.53M |
| Total liabilities | 4,003.46M | 3,246.47M | 2,500.43M | 2,556.88M | 2,730.93M |
| Total equity | 1,134.27M | 1,022.24M | 1,574.25M | 1,594.31M | 1,275.59M |
| Operating cash flow | 602.68M | 466.23M | 449.28M | 654.85M | 598.54M |
Valuation Measures
| Dec 2018 | |
| PER | -- |
| ROA | -5.78% |
| ROE | -16.49% |
| Operating margin | -13.55% |
| Profit margin | -14.37% |
Key executives
- President Director: Dian Siswarini
- Independent Director: Yessie D. Yosetya
- Director: Allan Bonke
- Chief Strategic Partnership Officer: Johnson Chan
- Director: Mohamed Adlan bin Ahmad Tajudin
Shareholders
- Axiata Group Bhd. (66.3%)
- Emirates Telecommunications Group Co. PJSC (4.1%)
- Brandes Investment Partners LP (2.2%)
- Sun Life Financial, Inc. (2.0%)
- Massachusetts Financial Services Co. (1.9%)
- The Vanguard Group, Inc. (1.1%)
- HSBC Global Asset Management (Hong Kong) Ltd. (1.0%)
- Value Partners Ltd. (1.0%)
- APG Asset Management NV (0.9%)
- PT AIA Financial (0.8%)
Contact Details
- Website:http://www.xl.co.id
- Address: XL Axiata Tower, Jalan H.R. Rasuna Said X5 Kay, Jakarta Selatan, 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 Tiphone Mobile Indonesia Tbk
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Last Updated on 8 Mar, 2019