Asia300

PT Garuda Indonesia (Persero) Tbk

Indonesia

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Jul 27, 2017
Prev close: 356
Jul 27, 2017
Market cap:
Market cap(USD):
9,215.62B
691.96M
Shares: 25,886.57M

Currency in IDR

Company profile

Market(Ticker): JKT(GIAA)
Sector:
Industry:
Transportation
Airlines
Full time employees: 16,735

Business summary

PT Garuda Indonesia (Persero) Tbk engages in the provision of passenger and cargo air transportation services. It operates through the following segments: Flight Operations, Aircraft Maintenance Services, and Other Operations. The Flight Operations segment offers domestic and international flight services. The Aircraft Maintenance Services segment provides aircraft maintenance and repair services. The company was founded on March 31, 1950 and is headquartered in Jakarta, Indonesia.

Company background

Garuda Indonesia is having a rough go. After suffering from widening losses due to rising fuel prices and a weak home currency, the flag carrier was forced to cancel new routes connecting Jakarta to India and the Philippines. The airline has also postponed selling its stake in budget carrier Citilink Indonesia.

The setbacks have been major blows to a company that had been on track to alleviating debt that had been mounting since 1997, when the Asian currency crisis hit. Struggling to repay loans, the government in 2005 appointed Emirsyah Satar, a former vice president of local lender Bank Danamon, as president and CEO. The airline has since restructured its debt. And in 2011, it held an initial public offering.

Satar will end his second-five year term in 2015. The government still owns about 60% of Garuda's shares.

Garuda, which made its virgin flight in 1949, had a fleet of 140 aircraft flying to 64 destinations at the end of 2013.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 51,391.72B
Gross profit 7,792.60B
Operating income 904,346.83M
Income before tax 236,623.55M
Net income 107,325.83M
EBITDA 3,169.87B
Diluted EPS 4.12
Dividends per share --
Total assets 50,354.40B
Total liabilities 36,748.56B
Total equity 13,375.57B
Operating cash flow 1,531.49B

Currency in IDR

Revenue 3,863.92M
Gross profit 585.89M
Operating income 67.99M
Income before tax 17.79M
Net income 8.06M
EBITDA 238.32M
Diluted EPS 0.00
Dividends per share --
Total assets 3,737.56M
Total liabilities 2,727.67M
Total equity 992.80M
Operating cash flow 115.14M

Currency in USD

Valuation measures

Dec 2016

PER 81.97
ROA 0.22%
ROE 0.81%
Operating margin 1.75%
Profit margin 0.20%

Key executive

  • Chief Executive Officer: Pahala Nugraha Mansury
  • Director-Finance & Risk Management: Helmi Imam Satriyono
  • Director: Nicodemus P. Lampe
  • Director: Sigit Muhartono
  • Director-Human Capital & Corporate Affairs: Linggarsari Suharso

Share holders

  • Government of Indonesia(60.4%)
  • PT Trans Airways(24.6%)
  • Dimensional Fund Advisors LP(0.5%)
  • BlackRock Fund Advisors(0.0%)
  • SSgA Funds Management, Inc.(0.0%)
  • PT Schroder Investment Management Indonesia(0.0%)
  • TIAA-CREF Investment Management LLC(0.0%)
  • Mercer Global Investments Europe Ltd.(0.0%)
  • Bessemer Investment Management LLC(0.0%)
  • PT First State Investments (Indonesia)(0.0%)

Address

  • Website: http://www.garuda-indonesia.com
  • Address: Jl. M1, Area Perkantoran, Garuda City Center, Cengkareng, Jakarta, 19120, Indonesia
  • Phone: +62.21.2560.1201

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