Company Profile of an Indonesian Palm Oil Giant: Astra Agro Lestari
Indonesia Investments updated the company profile of Astra Agro Lestari in our Indonesian Companies section. Astra Agro Lestari is Indonesia's largest agribusiness company by value. The company, majority-owned by diversified conglomerate Astra International, is engaged in palm oil and rubber plantations as well as industrial activities. It currently manages a total plantation area of 281,378 hectares - including nucleus and plasma - in Sumatra, Kalimantan and Sulawesi.
Indonesian palm oil giant Astra Agro Lestari posted impressive financial results in the first quarter of 2014. The company recorded a 120 percent jump in net profit to IDR 784.6 billion (USD $68.8 million) in Q1-2014, particularly due to the higher palm oil price (increasing 38 percent in January-February 2014) as well as the stronger Indonesian rupiah exchange rate in the first quarter. The company budgeted IDR 3 trillion for capital expenditure (capex) in 2014, financed by internal cash reserves and bank loans, for plantation development (30 percent), construction of a CPO processing plant (40 percent), and infrastructure (30 percent).
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Astra Agro Lestari's Financial Highlights:
2008 | 2009 | 2010 | 2011 | 2012 | 2013 | |
Net Revenue | 8,161.2 | 7,424.3 | 8,843.7 | 10,772.6 | 11,564.3 | 12,675.0 |
Gross Profit | 3,803.4 | 3,101.8 | 3,609.3 | 3,934.9 | 4,357.5 | 4,081.9 |
Net Profit | 2,631.0 | 1,660.6 | 2,018.8 | 2,405.6 | 2,410.3 | 1,801.4 |
Total Assets | 6,519.8 | 7,571.4 | 8,791.8 | 10,204.5 | 12,419.8 | 14,963.2 |
Total Liabilities |
1,183.2 | 1,144.8 | 1,334.5 | 1,778.3 | 3,054.4 | 4,695.3 |
Earnings per share¹ | 1,671 | 1,055 | 1,281 | 1,528 | 1,531 | 1,144 |
Dividend per Share¹ | 505 | 685 | 830 | 995 | 685 |
in billion IDR rupiah, except stated otherwise
¹ in IDR rupiah
Source: Astra Agro Lestari, Annual Report 2013
Future Projection Astra Agro Lestari's Financial Highlights:
2012 | 2013 | 2014F | 2015F | 2016F | |
Net Revenue | 11,564.3 | 12,675.0 | 14,487.0 | 15,684.0 | 16,789.0 |
Net Profit | 2,410.3 | 1,801.4 | 2,706.0 | 2,958.0 | 3,143.0 |
EBITDA | 3,956.0 | 3,574.0 | 4,495.0 | 4,924.0 | 5,258.0 |
P/E (x) |
16,6 | 14,4 | 14,3 |
in billion IDR rupiah, except stated otherwise
Source: Ciptadana Securities