Financials PT Astra Otoparts Tbk

Equities

End-of-day quote INDONESIA S.E. Other stock markets 06:00:00 2024-04-29 pm EDT			5-day change	1st Jan Change
2,080 ^IDR	-1.89%		+4.26%	-11.86%

Apr. 26	PT Astra Otoparts Tbk Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Feb. 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	10,025,045	-	-
Enterprise Value (EV) ²	5,976	4,621	4,241	5,465	9,076	7,035	6,371	5,661
P/E ratio	8.1 x	-	9.09 x	5.31 x	6.18 x	5.2 x	4.67 x	4.73 x
Yield	4.92%	1.39%	4.42%	-	-	7.73%	8.32%	9.04%
Capitalization / Revenue	0.39 x	0.45 x	0.37 x	0.38 x	0.61 x	0.51 x	0.49 x	0.47 x
EV / Revenue	0.39 x	0.39 x	0.28 x	0.29 x	0.49 x	0.36 x	0.31 x	0.26 x
EV / EBITDA	5.81 x	7.18 x	6.3 x	3.8 x	5.35 x	3.38 x	2.96 x	3.28 x
EV / FCF	-	-	-	-	6.94 x	11.2 x	6.93 x	7.16 x
FCF Yield	-	-	-	-	14.4%	8.9%	14.4%	14%
Price to Book	0.56 x	0.52 x	0.51 x	0.59 x	0.85 x	0.65 x	0.6 x	0.56 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	2,080	2,080	2,080
Announcement Date	2/26/20	2/25/21	2/22/22	2/21/23	2/22/24	-	-	-

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	19,769	20,644	21,417
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	1,295	1,316	1,155
Operating Margin	3.53%	1.13%	0.98%	4.9%	6.28%	6.55%	6.38%	5.39%
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	1,964	2,181	2,196
Net margin	4.79%	0.02%	4.03%	7.14%	9.88%	9.93%	10.56%	10.25%
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%	3,166.56%	4,451.67%	3,693.3%
FCF Conversion (EBITDA)	-	-	-	-	77,082.06%	30,081.26%	42,742.98%	45,807.84%
FCF Conversion (Net income)	-	-	-	-	71,021.88%	31,877.46%	42,142.43%	36,024.87%
Dividend per Share ²	61.00	15.50	51.00	-	-	160.8	173.1	188.1
Announcement Date	2/26/20	2/25/21	2/22/22	2/21/23	2/22/24	-	-	-

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	2,990	3,654	4,364
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%	13.3%	13%	12.9%
ROA (Net income/ Total Assets)	-	-	-	-	9.66%	8.7%	8.6%	8.5%
Assets ¹	-	-	-	-	19,067	22,572	25,357	25,832
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%	2.52%	2.81%	2.62%
Announcement Date	2/26/20	2/25/21	2/22/22	2/21/23	2/22/24	-	-	-

¹IDR in Billions²IDR in Million³IDR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

2,080 IDR

Average target price

3,316 IDR

Spread / Average Target

+59.42%

	1st Jan change	Capi.
PT ASTRA OTOPARTS TBK	-11.86%	618M
DENSO CORPORATION	+26.07%	48.82B
WEICHAI POWER CO., LTD.	+23.77%	20.08B
APTIV PLC	-16.86%	19.02B
FUYAO GLASS INDUSTRY GROUP CO., LTD.	+33.27%	17.43B
HYUNDAI MOBIS CO.,LTD	-3.59%	14.97B
MAGNA INTERNATIONAL INC.	-15.42%	13.69B
CONTINENTAL AG	-20.85%	13B
SUMITOMO ELECTRIC INDUSTRIES, LTD.	+33.81%	11.96B
SAMVARDHANA MOTHERSON INTERNATIONAL LIMITED	+27.60%	10.65B