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Communications

PT XL Axiata Tbk

  • 2,680.00 IDR
  • -60.00
  • -2.19%
  • Indonesia
    May 23, 2019
  • Ticker
    JKT(EXCL)
  • Prev. close
    2,740
  • Market cap (IDR)
    29,285.01B
  • Market cap (USD)
    2,025.24M
  • 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 telephony services. It offers the following products and services: cellular mobile network, Internet Services Provider, Closed Fixed Network Services, Internet Telephony Service for Public Interest License, Internet Interconnection Services and Packet Switched Local Fixed Network License. The company was founded on October 6, 1989 and is headquartered in Jakarta Selatan, Indonesia.

Financial Highlights

Dec 2018 IDRUSD
Revenue22,938.81B1,611.23M
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
EBITDA8,512.30B597.90M
Diluted EPS-308.46-0.02
Dividends Per Share----
Total Assets57,613.95B4,006.53M
Total liabilities39,270.85B2,730.93M
Total equity18,343.09B1,275.59M
Operating cash flow8,521.39B598.54M
Currency in IDRCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 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 2014Dec 2015Dec 2016Dec 2017Dec 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%)
  • Brandes Investment Partners LP (2.2%)
  • Massachusetts Financial Services Co. (2.0%)
  • Value Partners Ltd. (1.0%)
  • The Vanguard Group, Inc. (1.0%)
  • HSBC Global Asset Management (Hong Kong) Ltd. (1.0%)
  • APG Asset Management NV (0.9%)
  • Dimensional Fund Advisors LP (0.9%)
  • Norges Bank Investment Management (0.6%)
  • FIL Investment Management (Singapore) Ltd. (0.5%)

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 (Persero) Tbk Class B
  • PT Tiphone Mobile Indonesia Tbk
Last Updated on 23 May, 2019

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