Astra Agro Lestari
PT Astra Agro Lestari Tbk, the plantation unit of diversified conglomerate Astra International, is Indonesia's biggest agribusiness company by value. Astra Agro is engaged in palm oil and rubber plantations as well as industrial activities. Astra Agro and its subsidiaries’ mills have effective production capacities of 1,050 tons of fresh fruit bunches (FFB) per hour, 920 tons of kernel per day, and 300 tons of crude palm oil (CPO) per day.
Profile
| Industry Sector | Agriculture |
| Industry Sub Sector | Plantation |
| Established | 3 October 1988 |
| Listed | 9 December 1997 |
| Listed Company Code | AALI |
| Listed Shares | 1,924,688,333 |
| Dividend | Yes |
| Major Shareholders (>5%) | Astra International (79.68%) |
| Key Subsidiaries | Pandji Waringin Sari Lembah Subur Letawa Gunung Sejahtera Dua Indah Karyanusa Ekadaya |
| Main Commodities |
|---|
Stock Quote Astra Agro Lestari - AALI:
Business Summary
As one of the leading producers of palm oil, Astra Agro Lestari now manages a total plantation area of 290,961 hectares - including both nucleus and plasma - in Sumatra, Kalimantan and Sulawesi with an average tree age of 14 years. Of that total plantation area, 272,393 hectare is labeled as mature plantation. The production of crude palm oil and its derivatives accounts for approximately 88 percent of the company's sales revenue. Kernel and its derivatives account for about 12 percent of the company's annual sales revenue.
Further Reading: Analysis and Overview of Indonesia's Palm Oil Industry
Astra Agro Lestari also owns a palm oil refinery (Tanjung Sarana Lestari) in West Sulawesi as well as a 50 percent stake in Kreasijaya Adhikarya in Riau (Sumatra). This has strengthened the company's business chain and is an important step to develop Indonesia's downstream palm oil industry. Both refineries are export-oriented (including China, India, Russia, Bangladesh, Pakistan, and South Korea). The company also owns 29 palm oil mills with a total installed capacity of 1,435 tons fresh fruit bunches (FFB) per hour, and eight units of kernel crushers with a production capacity of 920 tons per day. In 2015, the average utilization of the palm oil mills stood at 86.1 percent.
In 2015 around 98.5 percent of the company's crude palm oil sales were absorbed by the domestic market of Indonesia.
Operational Highlights of Astra Agro Lestari:
| 2014 | 2015 | 2016 | 2017 | |
| Fresh Fruit Bunches |
5,562.5 | 5,602.0 | 4,873.4 | 5,225.1 |
| Crude Palm Oil |
1,743.7 | 1,736.7 | 1,554.1 | 1,633.8 |
| Kernel | 373.3 | 370.6 | 336.4 | 356.6 |
| 2009 | 2010 | 2011 | 2012 | 2013 | |
| Fresh Fruit Bunches |
4,295.0 | 4,235.1 | 4,798.5 | 5,498.0 | 5,123.9 |
| Crude Palm Oil |
1,083.0 | 1,113.3 | 1,268.2 | 1,476.4 | 1,538.7 |
| Kernel | 232.2 | 239.4 | 269.3 | 323.1 | 328.1 |
in thousand tons
Source: Astra Agro Lestari, Annual Report 2017
Astra Agro Lestari's Financial Highlights:
| 2014 | 2015 | 2016 | 2017 | |
| Net Revenue | 16,305.8 | 13,059.2 | 14,121.4 | 17,305.7 |
| Gross Profit | 4,951.8 | 3,082.1 | 3,676.0 | 4,145.3 |
| Net Profit | 2,504.5 | 619.1 | 2,007.0 | 2,010.3 |
| Total Assets | 18,559.4 | 21,512.4 | 24,226.1 | 24,935.4 |
| Total Liabilities |
6,725.6 | 9,813.6 | 6,632.6 | 6,399.0 |
| Earnings per Share¹ |
1,590 | 393 | 1,136 | 1,045 |
| Dividend per Share¹ |
716 | 0 | 469 |
| 2010 | 2011 | 2012 | 2013 | 2014 | |
| Net Revenue | 8,843.7 | 10,772.6 | 11,564.3 | 12,675.0 | 16,305.8 |
| Gross Profit | 3,609.3 | 3,934.9 | 4,357.5 | 4,081.9 | 4,951.8 |
| Net Profit | 2,018.8 | 2,405.6 | 2,410.3 | 1,801.4 | 2,504.5 |
| Total Assets | 8,791.8 | 10,204.5 | 12,419.8 | 14,963.2 | 18,559.4 |
| Total Liabilities |
1,334.5 | 1,778.3 | 3,054.4 | 4,695.3 | 6,725.6 |
| Earnings per Share¹ |
1,281 | 1,528 | 1,531 | 1,144 | 1,590 |
| Dividend per Share¹ |
830 | 995 | 685 | 515 | 716 |
in billion IDR rupiah, except stated otherwise
¹ in IDR rupiah
Source: Astra Agro Lestari, Annual Report 2017
Future Forecast Astra Agro Lestari's Financial Highlights:
| 2018 | 2019 | 2020F | 2021F | 2022F | |
| Revenues | 19,084.0 | 17,453.0 | 17,643.0 | 18,589.0 | 18,892.0 |
| Net Income | 1,439.0 | 211.0 | 815.0 | 1,219.0 | 1,452.0 |
| EBITDA | 3,203.0 | 1,869.0 | 2,428.0 | 3,144.0 | 3,598.0 |
| P/E Ratio (x) |
8.5 | 57.9 | 15.0 | 10.0 | 8.4 |
| P/BV (x) | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 |
in billion IDR rupiah unless otherwise stated
Source: Sinarmas Sekuritas (12/05/2020)
Location
Contact Details
Jalan Pulo Ayang Raya Bl