PT Bukit Asam Tbk


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Mar 20, 2018
Prev close: 2,870
Mar 20, 2018
Market cap:
Market cap(USD):
Shares: 11,520.65M

Currency in IDR

Company profile

Market(Ticker): JKT(PTBA)
Energy Minerals
Full time employees: 2,356

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.

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.

In the news

Financial highlights

Dec 2017

  • Local currency
  • US Dollar
Revenue 19,471.03B
Gross profit 8,327.66B
Operating income 6,287.34B
Income before tax 6,067.78B
Net income 4,476.44B
EBITDA 7,030.84B
Diluted EPS 425
Dividends per share --
Total assets 21,987.48B
Total liabilities 8,187.49B
Total equity 13,608.09B
Operating cash flow 2,415.44B

Currency in IDR

Revenue 1,455.03M
Gross profit 622.31M
Operating income 469.84M
Income before tax 453.43M
Net income 334.51M
EBITDA 525.40M
Diluted EPS 0.03
Dividends per share --
Total assets 1,620.59M
Total liabilities 603.46M
Total equity 1,002.99M
Operating cash flow 180.50M

Currency in USD

Valuation measures

Dec 2017

PER 5.78
ROA 21.91%
ROE 37.25%
Operating margin 32.29%
Profit margin 22.99%

Key executive

  • President Director: H. Arviyan Arifin
  • Director-Operation & Production: Joko Pramono
  • Finance Director: Achmad Sudarto
  • Senior Manager-Research & New Business Development: Octavianus Tarigan
  • Director-Business Development: Anung Dri Prasetya

Share holders

  • Government of Indonesia(65.0%)
  • PT Bukit Asam Tbk(8.5%)
  • The Vanguard Group, Inc.(1.2%)
  • Dimensional Fund Advisors LP(0.7%)
  • BlackRock Fund Advisors(0.4%)
  • Quoniam Asset Management GmbH(0.2%)
  • FIL Investment Management (Singapore) Ltd.(0.2%)
  • RBC Global Asset Management (UK) Ltd.(0.2%)
  • Parametric Portfolio Associates LLC(0.1%)
  • PT Manulife Asset Management Indonesia(0.1%)


  • Website:
  • Address: Jalan Parigi No. 1, Tanjung Enim, 31716, Indonesia
  • Phone: +62.734.451.096

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