Alam Sutera Realty
PT Alam Sutera Realty Tbk is an Indonesia-based company engaged in real estate development. It develops and manages residential property, commercial property, industrial and shopping centers, offices as well as recreation centers. The company has large real estate projects in Serpong, Cibitung, Cianjur, Tanjung Pinang and Sanur. In 2012, the company acquired Garuda Adhimatra Indonesia, the owner and operator of the Garuda Wisnu Kencana project.
Profile
| Industry Sector | Property, Real Estate and Construction |
| Industry Sub Sector | Property and Real Estate |
| Established | 3 November 1993 |
| Listed | 18 December 2007 |
| Listed Company Code | ASRI |
| Listed Shares | 19,649,411,888 |
| Dividend | Yes |
| Major Shareholders (>5%) | Manunggal Prime Development (18.68%) Tangerang Fajar Industrial Estate (25.21%) |
| Key Subsidiaries | Delta Mega Persada Duta Prakarsa Development Nusa Cipta Pratama Alam Sutera International Private Limited |
Stock Quote Alam Sutera Realty - ASRI:
Business Summary
Alam Sutera Realty has become an integrated property developer that focuses on its business activities in the construction and management of residential, commercial areas, industrial areas, and also the management of shopping centers, recreation centers and hospitality (including large-scale townships).
Further Reading: Indonesia's Property Sector
In 1994, the company began to develop its first project in an integrated area named Alam Sutera, located in Serpong (Tangerang). Development of the first phase of Alam Sutera has been completed, and the company is currently focused on the development of the second phase which involves the development of a commercial area. Along with the development of the second phase of Alam Sutera, in 2012 the company began to market the Suvarna Padi Golf Estate project (in Tangerang) and acquired several assets on strategic locations in Bali as well as office towers in Jakarta.
A large portion of revenue is derived from the sale of land lots and the residential and commercial properties that are developed by the company in the Alam Sutera township, and to a lesser extent, rental income from leased property in the township and sale of land lots in the Pasar Kemis township.
Alam Sutera Realty's Financial Highlights:
| 2015 | 2016 | 2017 | |
| Sales and Revenue |
2,783.7 | 2,715.7 | |
| Gross Profit | 2,056.1 | 1,464.9 | |
| EBITDA | 1,729.4 | 1,184.8 | |
| Net Income | 598.7 | 519.1 | |
| Operating Profit |
1,627.7 | 1,096.4 | |
| Total Assets | 18,709.9 | 20,186.1 | |
| Total Liabilities | 12,107.5 | 12,998.3 | |
| Earnings per Share¹ | 30,4 | 25,9 | |
| Dividend per Share¹ | n.a. | 1,50 |
| 2010 | 2011 | 2012 | 2013 | 2014 | |
| Sales and Revenue |
790.9 | 1,381.0 | 2,446.4 | 3,684.2 | 3,630.9 |
| Gross Profit | 406.4 | 814.4 | 1,466.9 | 1,837.4 | 2,306.7 |
| EBITDA | 365.1 | 741.0 | 1,357.4 | 1,589.6 | 1,983.6 |
| Net Income | 290.5 | 601.7 | 1,192.7 | 876.8 | 1,098.4 |
| Operating Profit |
333.4 | 693.6 | 1,254.0 | 1,533.2 | 1,907.8 |
| Total Assets | 4,588.0 | 6,007.5 | 10,946.4 | 14,428.1 | 16,924.4 |
| Total Liabilities | 2,371.6 | 3,220.7 | 6,214.5 | 9,096.3 | 10,553.2 |
| Earnings per Share¹ | 16,26 | 33,68 | 61,19 | 44,62 | 55,85 |
| Dividend per Share¹ | 4.03 | 6.13 | 14,60 | 7 | 7 |
in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
Sources: Alam Sutera Realty, Annual Report 2016
Projection Alam Sutera Realty's Future Corporate Earnings:
| 2017 | 2018F | 2019F | 2020F | |
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| EBITDA | ||||
| Net Income | ||||
| P/E Ratio (x) |
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in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
Source:
Location
Contact Details
Wisma Argo Manunggal, 18th Floor
Jalan Jend. Gatot Subroto Kav. 22,
Jakarta 12930
Phone: +62 21 252 3838
Fax: +62 21 252 5050
Email: [email protected]
www.alam-sutera.com