Krakatau Steel: Company Profile of Indonesia's Largest Steel Producer
Indonesia Investments has updated the company profile of Krakatau Steel, Indonesia's and Southeast Asia's largest steel producer. The company, which is for 80 percent government owned, has a crude steel production capacity of 2.45 million tons per year. However, through a lucrative joint venture with Posco, the world's third-largest steel producer, it will expand production capacity significantly in the years ahead. Besides steel production, the company has expanded into other industries.
Click here to read the complete company profile of Krakatau Steel
Stock Quote Krakatau Steel - KRAS:
Krakatau Steel's Financial Highlights:
| 2010 | 2011 | 2012 | |
| Net Revenues |
1,641.3 | 2,032.9 | 2,287.4 |
| Gross Profit | 281.4 | 158.1 | 122.4 |
| Net Income | 140.4 | 151.2 | (20.4) |
| Operating Profit | 147.1 | 114.2 | 15.9 |
| Profit before Tax (loss) |
172.8 | 162.0 | (15.5) |
| Total Assets | 1.935.0 | 2.398.1 | 2.562.0 |
| Total Liabilities | 905.2 | 1.227.5 | 1.446.0 |
| Earnings per Share¹ | 0,0089 | 0,0096 | (0,0012) |
| Cash Dividend per Share¹ | – | – | – |
| P/E Ratio (x) | – | 9.7 | – |
in million US dollar unless otherwise stated
¹ in US dollar
Source: Krakatau Steel, Annual Report 2012
Future Projection Krakatau Steel's Financial Highlights:
| 2011 | 2012 | 2013F | 2014F | 2015F | |
| Net Revenues |
2,032.9 | 2,287.4 | 2,301.0 | 2,575.0 | 2,925.0 |
| EBITDA | 162 | 69 | 121.0 | 152.0 | 177.0 |
| Net Income | 151.2 | (20.4) | 35.0 | 61.0 | 74.0 |
| Operating Profit | 114.2 | 15.9 | 67.0 | 92.0 | 113.0 |
| P/E Ratio (x) | 9.7 | – | 27.8 | 16.0 | 13.2 |
in million US dollar unless otherwise stated
¹ in US dollar
Sources: Krakatau Steel, Annual Report 2012 & Investor Daily