Financials PT Astra Otoparts Tbk

Equities

End-of-day quote INDONESIA S.E. Other stock markets 23:00:00 15/05/2024 BST			5-day change	1st Jan Change
2,010 ^IDR	+1.77%		+3.61%	-14.83%

04-26	PT Astra Otoparts Tbk Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
02-22	PT Astra Otoparts Tbk Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	5,976,469	5,374,002	5,566,792	7,036,810	11,374,570	9,687,663	-	-
Enterprise Value (EV) ²	5,976	4,621	4,241	5,465	9,076	6,699	5,894	5,077
P/E ratio	8.1 x	-	9.09 x	5.31 x	6.18 x	5.02 x	4.52 x	4.57 x
Yield	4.92%	1.39%	4.42%	-	-	7.75%	8.26%	8.76%
Capitalization / Revenue	0.39 x	0.45 x	0.37 x	0.38 x	0.61 x	0.49 x	0.47 x	0.46 x
EV / Revenue	0.39 x	0.39 x	0.28 x	0.29 x	0.49 x	0.34 x	0.29 x	0.24 x
EV / EBITDA	5.81 x	7.18 x	6.3 x	3.8 x	5.35 x	3.22 x	2.74 x	2.94 x
EV / FCF	-	-	-	-	6.94 x	10.7 x	6.41 x	6.42 x
FCF Yield	-	-	-	-	14.4%	9.34%	15.6%	15.6%
Price to Book	0.56 x	0.52 x	0.51 x	0.59 x	0.85 x	0.63 x	0.58 x	0.54 x
Nbr of stocks (in thousands)	4,819,733	4,819,733	4,819,733	4,819,733	4,819,733	4,819,733	-	-
Reference price ³	1,240	1,115	1,155	1,460	2,360	2,010	2,010	2,010
Announcement Date	26/02/20	25/02/21	22/02/22	21/02/23	22/02/24	-	-	-

¹IDR in Million²IDR in Billions³IDR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	15,445	11,869	15,152	18,580	18,649	19,643	20,467	20,963
EBITDA ¹	1,029	643.9	673.5	1,440	1,698	2,081	2,150	1,727
EBIT ¹	545.8	133.7	149.2	909.6	1,172	1,279	1,299	1,119
Operating Margin	3.53%	1.13%	0.98%	4.9%	6.28%	6.51%	6.35%	5.34%
Earnings before Tax (EBT) ¹	1,120	116.1	755.1	-	2,315	2,401	2,488	-
Net income ¹	739.7	2.245	611.3	1,327	1,842	1,930	2,145	2,121
Net margin	4.79%	0.02%	4.03%	7.14%	9.88%	9.82%	10.48%	10.12%
EPS ²	153.0	-	127.0	275.0	382.0	400.3	445.0	440.1
Free Cash Flow ³	-	-	-	-	1,308,532	626,000	919,000	791,000
FCF margin	-	-	-	-	7,016.61%	3,186.95%	4,490.06%	3,773.38%
FCF Conversion (EBITDA)	-	-	-	-	77,082.06%	30,081.26%	42,742.98%	45,807.84%
FCF Conversion (Net income)	-	-	-	-	71,021.88%	32,443.3%	42,849.82%	37,290.12%
Dividend per Share ²	61.00	15.50	51.00	-	-	155.8	165.9	176.0
Announcement Date	26/02/20	25/02/21	22/02/22	21/02/23	22/02/24	-	-	-

¹IDR in Billions²IDR³IDR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	-	753	1,326	1,572	2,298	2,989	3,794	4,611
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ²	-	-	-	-	1,308,532	626,000	919,000	791,000
ROE (net income / shareholders' equity)	7.12%	0.02%	5.78%	11.6%	14.6%	13.2%	13%	12.7%
ROA (Net income/ Total Assets)	-	-	-	-	9.66%	8.7%	8.6%	8.5%
Assets ¹	-	-	-	-	19,067	22,178	24,938	24,955
Book Value Per Share ³	2,195	2,136	2,251	2,476	2,766	3,196	3,480	3,700
Cash Flow per Share ³	222.0	238.0	189.0	147.0	381.0	324.0	331.0	353.0
Capex ¹	483	321	271	390	528	499	580	562
Capex / Sales	3.13%	2.7%	1.79%	2.1%	2.83%	2.54%	2.84%	2.68%
Announcement Date	26/02/20	25/02/21	22/02/22	21/02/23	22/02/24	-	-	-

¹IDR in Billions²IDR in Million³IDR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

2,010 IDR

Average target price

3,316 IDR

Spread / Average Target

+64.98%

	1st Jan change	Capi.
PT ASTRA OTOPARTS TBK	-14.83%	609M
DENSO CORPORATION	+23.77%	49.31B
APTIV PLC	-8.28%	22.39B
WEICHAI POWER CO., LTD.	+21.78%	20.29B
FUYAO GLASS INDUSTRY GROUP CO., LTD.	+34.50%	17.81B
HYUNDAI MOBIS CO.,LTD	-4.22%	15.17B
MAGNA INTERNATIONAL INC.	-16.63%	13.77B
CONTINENTAL AG	-18.15%	13.69B
SUMITOMO ELECTRIC INDUSTRIES, LTD.	+32.05%	11.8B
BOSCH LIMITED	+37.90%	10.96B