OTCPK:PTAI.F

Stock Analysis Report

Executive Summary

PT Astra International Tbk, together with its subsidiaries, engages in the automotive, financial services, heavy equipment and mining, agribusiness, infrastructure and logistics, information technology, and property businesses in Indonesia.

Rewards

Trading at 29.5% below its fair value

Earnings are forecast to grow 7.92% per year

Risk Analysis

Has a high level of debt

Unstable dividend track record



Snowflake Analysis

Undervalued with excellent balance sheet and pays a dividend.


Similar Companies

Share Price & News

How has Astra International's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PTAI.F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

PTAI.F

5.4%

US Auto

0.06%

US Market


1 Year Return

n/a

PTAI.F

52.6%

US Auto

19.4%

US Market

Return vs Industry: Insufficient data to determine how PTAI.F performed against the US Auto industry.

Return vs Market: Insufficient data to determine how PTAI.F performed against the US Market.


Shareholder returns

PTAI.FIndustryMarket
7 Day0%5.4%0.06%
30 Day1.3%24.7%1.1%
90 Day1.0%46.4%8.9%
1 Yearn/a57.0%52.6%21.9%19.4%
3 Yearn/a66.9%51.7%48.9%39.3%
5 Year-18.2%-18.2%72.2%42.4%71.9%53.1%

Price Volatility Vs. Market

How volatile is Astra International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Astra International undervalued compared to its fair value and its price relative to the market?

29.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PTAI.F ($0.48) is trading below our estimate of fair value ($0.68)

Significantly Below Fair Value: PTAI.F is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: PTAI.F is good value based on its PE Ratio (12.1x) compared to the Auto industry average (27.3x).

PE vs Market: PTAI.F is good value based on its PE Ratio (12.1x) compared to the US market (18.3x).


Price to Earnings Growth Ratio

PEG Ratio: PTAI.F is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: PTAI.F is good value based on its PB Ratio (1.7x) compared to the US Auto industry average (3.6x).


Next Steps

Future Growth

How is Astra International forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

7.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PTAI.F's forecast earnings growth (7.9% per year) is above the savings rate (1.7%).

Earnings vs Market: PTAI.F's earnings (7.9% per year) are forecast to grow slower than the US market (14.2% per year).

High Growth Earnings: PTAI.F's earnings are forecast to grow, but not significantly.

Revenue vs Market: PTAI.F's revenue (4.5% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: PTAI.F's revenue (4.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PTAI.F's Return on Equity is forecast to be low in 3 years time (14.7%).


Next Steps

Past Performance

How has Astra International performed over the past 5 years?

5.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PTAI.F has high quality earnings.

Growing Profit Margin: PTAI.F's current net profit margins (8.5%) are lower than last year (9.4%).


Past Earnings Growth Analysis

Earnings Trend: PTAI.F's earnings have grown by 5.2% per year over the past 5 years.

Accelerating Growth: PTAI.F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: PTAI.F had negative earnings growth (-5.9%) over the past year, making it difficult to compare to the Auto industry average (-18.9%).


Return on Equity

High ROE: PTAI.F's Return on Equity (14.1%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Astra International's financial position?


Financial Position Analysis

Short Term Liabilities: PTAI.F's short term assets (IDR137,741.0B) exceed its short term liabilities (IDR109,353.0B).

Long Term Liabilities: PTAI.F's short term assets (IDR137,741.0B) exceed its long term liabilities (IDR67,940.0B).


Debt to Equity History and Analysis

Debt Level: PTAI.F's debt to equity ratio (49.8%) is considered high.

Reducing Debt: PTAI.F's debt to equity ratio has reduced from 57.1% to 49.8% over the past 5 years.

Debt Coverage: PTAI.F's debt is well covered by operating cash flow (24.1%).

Interest Coverage: PTAI.F's interest payments on its debt are well covered by EBIT (9.2x coverage).


Balance Sheet

Inventory Level: PTAI.F has a high level of physical assets or inventory.

Debt Coverage by Assets: PTAI.F's debt is covered by short term assets (assets are 1.5x debt).


Next Steps

Dividend

What is Astra International's current dividend yield, its reliability and sustainability?

3.51%

Current Dividend Yield


Dividend Yield vs Market

company3.5%marketbottom25%1.4%markettop25%3.7%industryaverage4.0%forecastin3Years4.1%

Current dividend yield vs market & industry

Notable Dividend: PTAI.F's dividend (3.51%) is higher than the bottom 25% of dividend payers in the US market (1.43%).

High Dividend: PTAI.F's dividend (3.51%) is low compared to the top 25% of dividend payers in the US market (3.7%).


Stability and Growth of Payments

Stable Dividend: PTAI.F's dividend payments have been volatile in the past 10 years.

Growing Dividend: PTAI.F's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (41.8%), PTAI.F's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: PTAI.F's dividends in 3 years are forecast to be well covered by earnings (42% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.3yrs

Average board tenure


CEO

Prijono Sugiarto (59yo)

9.9yrs

Tenure

0

Mr. Prijono Sugiarto serves as the Chief Executive Officer at Astra Motor III - Non Toyota. Mr. Sugiarto serves as President Director at PT Astra Honda Motor. Mr. Sugiarto has been the President Director o ...


Board Members

NamePositionTenureCompensationOwnership
Prijono Sugiarto
President Director9.9yrsno data0.017% IDR3.1m
Chiew Sin Cheok
Chief of Corporate Investor Relations & Director3.8yrsno datano data
Gita Boer
Group General Counsel1.8yrsno datano data
Frans Kesuma
CEO of Astra Heavy Equipment0yrsno datano data
Budi Setiadharma
President Commissioner14.8yrsno data0.021% IDR3.8m
Mark Spencer Greenberg
Commissioner13.8yrsno datano data
Muhamad Basri
Independent Commissioner4.8yrsno datano data
Djony Tjondro
Vice Chairman of the Board0yrsno datano data
David Alexander Newbigging
Commissioner7.8yrsno datano data
Sri Hadiputranto
Independent Commissioner2.3yrsno datano data

6.3yrs

Average Tenure

56yo

Average Age

Experienced Board: PTAI.F's board of directors are considered experienced (6.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

PT Astra International Tbk's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PT Astra International Tbk
  • Ticker: PTAI.F
  • Exchange: OTCPK
  • Founded: 1957
  • Industry: Automobile Manufacturers
  • Sector: Automobiles
  • Market Cap: Rp246.950t
  • Listing Market Cap: Rp18.088b
  • Shares outstanding: 40.48b
  • Website: https://www.astra.co.id

Number of Employees


Location

  • PT Astra International Tbk
  • Menara Astra 59 floor
  • Jl. Jenderal Sudirman Kav 5-6
  • Jakarta
  • Jakarta Raya
  • 10220
  • Indonesia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PTAI.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDApr 1990
ASIIIDX (Indonesia Stock Exchange)YesOrdinary SharesIDIDRApr 1990
ASJADB (Deutsche Boerse AG)YesOrdinary SharesDEEURApr 1990
PTAI.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDFeb 2009

Biography

PT Astra International Tbk, together with its subsidiaries, engages in the automotive, financial services, heavy equipment and mining, agribusiness, infrastructure and logistics, information technology, and property businesses in Indonesia. The company offers cars, trucks, and motorcycles of various brands; manufactures and sells automotive components to the original equipment for manufacturers and replacement markets, as well as provides consultation services to its customers; financing for cars, motorcycles, and heavy equipment; general insurance; and various banking products and services. It also distributes heavy equipment products for the mining, plantation, construction, forestry, transportation, and material handling industries; provides coal mining contracting services; operates coal mines; and produces palm oil. In addition, the company is involved in the development and operation of toll roads; rental and leasing of vehicles; resale of used cars; and provision of public transportation services, and port and logistics facilities. Further, it offers various information technology business solutions based on document, information, and communication technology; and mobile financial platform services for the financial industry. Additionally, the company engages in the property investment, development, and management activities. The company was founded in 1957 and is headquartered in North Jakarta, Indonesia. PT Astra International Tbk is a subsidiary of Jardine Cycle & Carriage Ltd. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 00:22
End of Day Share Price2020/02/07 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.