Elnusa
Elnusa is a company that is engaged in Indonesia's upstream and downstream oil & gas sector. It is part of the state-owned Pertamina group, the largest oil and gas company of Indonesia (and which is Elnusa's largest shareholder). Elnusa offers geoscience, drilling and oilfield services.
Profile
| Industry Sector | Mining |
| Industry Sub Sector | Crude Oil & Natural Gas Production |
| Established | 25 January 1969 |
| Listed | 6 February 2008 |
| Listed Company Code | ELSA |
| Listed Shares | 7,298,500,000 |
| Dividend | Yes |
| Major Shareholders (>5%) | Pertamina (41.10%) Dana Pensiun Pertamina (14.90%) |
| Key Subsidiaries | Sigma Cipta Utama Elnusa Fabrikasi Konstruksi Elnusa Petrofin Elnusa Patra Ritel Patra Nusa Data Elnusa CGG Veritas Seismic |
| Main Commodities |
|---|
Stock Quote Elnusa - ELSA:
Business Summary
Elnusa's business activities are mostly concentrated on the islands of Sumatra, Java and Kalimantan.
• Geoscience
Geoscience services cover the acquirement, processing and storing of data obtained by seismic-based methods and equipment employed and operated on land, in transition zones (shallow water/mangroves) and deep sea. Being a pioneer in geoscience services in Indonesia, Elnusa controls the majority of geophysics operations in the local market.
• Drilling
Its drilling services provide integrated drilling solution which includes drilling management, drilling equipment procurement and provision. Elnusa owns and operates Asia Pacific's first fully-automatic Modular Rig. Elnusa also provides land drilling support services such as wire-line logging, cementing and oil & gas well testing, and products evaluation services.
• Oilfield
Oilfield services cover the operation and maintenance of oil & gas fields and wells, EPC-M and O&M pipelines and production facilities, and oil gas production handling. Oil & gas fields maintenance are located in various areas in Indonesia, both on land, in rivers and offshore.
Financial Highlights of Elnusa:
| 2014 | 2015 | 2016 | 2017 | 2018 | |
| Operating Revenue |
4,221.2 | 3,775.3 | 3,620.6 | ||
| Gross Profit |
759.8 | 718.8 | 614.6 | ||
| Income from Operations |
442.6 | 470.2 | 418.9 | ||
| EBITDA | 683.0 | 735.8 | 723.1 | ||
| Net Income | 425.8 | 375.4 | 310.9 | ||
| Total Assets | 4,256.9 | 4,407.5 | 4,191.0 | ||
| Total Liabilities |
1,707.4 | 1,772.3 | 1,313.2 | ||
| Dividend per Share¹ |
29,5 | 10,3 | |||
| Net Income per Share¹ |
58,3 | 51,4 | 42,6 |
| 2009 | 2010 | 2011 | 2012 | 2013 | |
| Operating Revenue |
3,662.2 | 4,218.0 | 4,716.8 | 4,777.1 | 4,112.0 |
| Gross Profit |
543.0 | 415.8 | 285.3 | 555.1 | 646.7 |
| Income from Operations |
276.3 | 133.9 | (22.1) | 252.1 | 293.1 |
| EBITDA | 479.6 | 411.5 | 306.0 | 605.1 | 598.7 |
| Net Income | 466.2 | 63.7 | (42.8) | 127.9 | 238.1 |
| Total Assets | 4,216.4 | 3,695.2 | 4,390.0 | 4,294.6 | 4,371.0 |
| Total Liabilities |
2,286.7 | 1,739.9 | 2,485.1 | 2,252.3 | 2,085.9 |
| Dividend per Share¹ |
25,0 | 2,66 | 0 | 1,77 | 16,31 |
| Net Income per Share¹ |
65 | 8,8 | (5,9) | 17,7 | 32,8 |
in billion IDR rupiah except stated otherwise
brackets indicate (loss)
¹ in IDR rupiah
Source: Elnusa, Annual Report 2016
Future Projection Corporate Earnings Elnusa:
| 2017 | 2018 | 2019F | 2020F | 2021F | |
| Net Revenue | 4,979.0 | 6,625.0 | 7,699.0 | 7,347.0 | 7,644.0 |
| EBITDA | 600.0 | 745.0 | 825.0 | 861.0 | 920.0 |
| Net Profit | 247.0 | 276.0 | 318.0 | 333.0 | 369.0 |
| P/E Ratio (x) | 10.2 | 9.1 | 7.9 | 7.6 | 6.8 |
| P/BV (x) | 0.0 | 0.8 | 0.7 | 0.7 | 0.6 |
in billion of IDR rupiah, unless stated otherwise
Source: Sinarmas Sekuritas Indonesia (21/08/2019)
Location
Contact Details
Graha Elnusa, 16th Floor
Jalan TB Simatupang Kav. 1B
Jakarta - 12560
Phone: +62 21 7883 0850
Fax: +62 21 7883 0883
Email: [email protected]
www.elnusa.co.id