United Tractors
PT United Tractors Tbk is the largest distributor of heavy equipment in Indonesia. The company controls about 40 to 45 percent of Indonesia's heavy equipment market.
Profile
Industry Sector | Trade, Services & Investment |
Industry Sub Sector | Wholesale |
Established | 13 October 1972 |
Listed | 19 September 1989 |
Listed Company Code | UNTR |
Listed Shares | 3,730,135,136 |
Dividend | Yes |
Major Shareholders (>5%) | Astra International (59.50%) |
Key Subsidiaries | Pamapersada Nusantara United Tractors Pandu Engineering Tuah Turangga Agung Andalan Multi Kencana |
Stock Quote United Tractors - UNTR:
Business Summary
United Tractors has three business units:
• Construction Machinery
• Mining Contracting
• Mining
United Tractors is a subsidiary of Astra International, Indonesia's largest diversified conglomerate.
The machinery business unit of United Tractors is the sole distributor for heavy equipment on the Indonesian market. Its machinery products (which are used in mining, plantation, construction, forestry, material handling and transportation) include Komatsu, UD Trucks, Scania, Bomag, Komatsu Forest and Tadano. The company also provides after sales services through its distribution network which consists of 18 branches, 22 support offices and 12 representative offices.
The mining contracting business segment, which is carried out by the company's subsidiary Pamapersada Nusantara, provides mining services, including mine planning, exploration, infrastructure construction, mining, transportation, barging and loading. It is Indonesia's largest mining contractor and its activities are conducted throughout all well known coal mining areas in Indonesia.
The mining business unit covers United Tractor's activities as a coal mine operator, carried out by Prima Multi Mineral (a subsidiary of Pamapersada Nusantara). In South Kalimantan, Prima Multi Mineral owns high quality coal reserves of 6,700 kcal (adb) with production capacity of three million tons per year. Coal mining is also carried out by Tuah Turangga Agung, which was acquired in 2008 and is located in Central Kalimantan. It has concession rights to a coal mining area of 4,897 hectares for 30 years. Production capacity amounts to 2.5 million tons per year. Through several acquisitions, United Tractors currently manages nine mining concession areas with estimated coal reserves totaling 424 million tons, ranging from medium to high quality coal.
United Tractors' Revenue Contribution by Business Unit:
2010 | 2011 | 2012 | 2013 | 2014 | 2015 | |
Construction Machinery |
8.4% | 9.9% | 10.4% | n.a. | 28.2% | 27.6% |
Mining Contracting |
45.4% | 40.7% | 50.0% | n.a. | 63.0% | 61.9% |
Mining |
46.3% | 49.4% | 39.6% | n.a. | 8.9% | 7.7% |
Construction Industry | - | - | - | - | - | 2.7% |
Source: United Tractors, Annual Report 2015
United Tractors' Financial Highlights:
2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | |
Net Revenue | 37,323.9 | 55,052.6 | 55,953.9 | 51,012.4 | 53,141.8 | 49,347.5 | 45,539.2 |
Gross Profit | 6,795.7 | 10,193.5 | 10,521.0 | 9,516.8 | 12,070.4 | 11,702.3 | 9,661.0 |
Profit before Tax | 5,061.3 | 7,784.6 | 7,446.8 | 6,587.3 | 6,506.7 | 4,192.7 | 6,730.0 |
Net Income | 3,872.9 | 5,900.9 | 5,779.7 | 4,833.7 | 5,361.7 | 3,853.5 | 5,002.2 |
Total Assets | 29,700.9 | 46,440.1 | 50,300.6 | 57,362.2 | 60,306.8 | 61,715.4 | 63,991.2 |
Total Liabilities | 13,535.5 | 18,936.1 | 18,000.1 | 21,713.3 | 21,777.1 | 22,465.1 | 21,369.3 |
Earnings per Share¹ |
1,164 | 1,657 | 1,549 | 1,296 | 1,437 | 1,033 | 1,341 |
Cash Dividend per Share¹ |
430 | 635 | 620 | 515 | 740 | 691 |
in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
Source: United Tractors, Annual Report 2016
Future Forecast United Tractors' Corporate Earnings:
2017 | 2018 | 2019 | 2020F | 2021F | 2022F | |
Net Revenue | 64,559.0 | 84,625.0 | 84,430.0 | 65,610.0 | 74,428.0 | 77,831.0 |
EBITDA | 14,261.0 | 23,296.0 | 22,537.0 | 15,928.0 | 19,696.0 | 21,845.0 |
Net Income | 7,403.0 | 11,126.0 | 11,312.0 | 7,606.0 | 10,215.0 | 10,957.0 |
PER (x) |
14.0 | 7.8 | 7.7 | 11.4 | 8.5 | 7.9 |
P/BV (x) |
2.3 | 1.6 | 1.5 | 1.4 | 1.3 | 1.2 |
ROAA (%) | - | 11.2 | 9.9 | 7.1 | 9.5 | 9.8 |
in billion IDR rupiah unless otherwise stated
Source: Danareksa Sekuritas (27.09.2020)
Location
Contact Details
Jalan Raya Bekasi Km. 22,
Cakung Jakarta - 13910
Phone: +62 21 2457 9999
Fax: +62 21 460-0657
Email: ir@unitedtractors.com
www.unitedtractors.com