Adi Sarana Armada
PT Adi Sarana Armada Tbk (ASSA) is one of Indonesia's leading transportation services companies, providing transportation solutions that encompass car rentals for individuals and corporations, logistic transporter, and driver management services. At end-2015, the company managed over 17,991 vehicles and 2,738 drivers, serving more than 1,000 corporations across most major cities in Indonesia.
Profile
| Industry Sector | Infrastructure, Utilities and Transportation |
| Industry Sub Sector | Transportation Services |
| Established | 17 December 1999 |
| Listed | 12 November 2012 |
| Listed Company Code | ASSA |
| Listed Shares | 3,397,500,000 |
| Dividend | Yes |
| Major Shareholders (>5%) | Adi Dinamika Investindo (25.08%) Daya Adicipta Mustika (19.17%) Prodjo Sunarjanto (9.91%) |
| Key Subsidiaries | Duta Mitra Solusindo Adi Sarana Lelang Adi Sarana Logistik |
Stock Quote Adi Sarana Armada - ASSA:
Business Summary
Adi Sarana Armada provides long-term rental services, short-term rental services and car pooling. The company has three business segments:
• ASSA Logistics; provides integrated logistics services for transportation management
• ASSA Driver Services; provides qualified drivers for vehicles rented from ASSA Rent or ASSA Logistics
• ASSA Galeri Mobil; engages in the buying and selling of high-quality used cars (wholesale and retail)
Adi Sarana Armada's Financial Highlights:
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | |
| Net Sales | 793.9 | 1,018.9 | 1,140.3 | 1,392.6 | 1,570.4 | 1,689.8 |
| Gross Profit | 265.7 | 345.7 | 349.2 | 414.4 | 456.1 | 516.8 |
| Net Income | 29.5 | 92.0 | 43.0 | 34.2 | 62.1 | 103.2 |
| Operational Income | 175.3 | 218.9 | 195.6 | 228.0 | 273.0 | 313.0 |
| EBITDA | 369.5 | 464.5 | ||||
| Total Assets | 2,109.0 | 2,172.2 | 2,507.3 | 2,893.0 | 3,029.8 | 3,307.4 |
| Total Liabilities | 1,376.0 | 1,347.2 | 1,669.9 | 2,038.4 | 2,126.2 | 2,321.6 |
| Earnings per Share¹ | 14 | 27 | 13 | 10 | 18 | 30 |
| Dividend per Share¹ | 4 | 7 |
in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
Source: Adi Sarana Armada Annual Report 2017
Adi Sarana Armada's main business operations cover:
- operating business services, comprising vehicle rental services/transportation and related businesses (but not limited to) such as fleet management services, handling, repairs and maintenance services, and consultation services for transportation.
- operating export and import businesses, inter-island or regional and local for any type of inventories (but not limited to) such as cars, vehicles, spare-parts, and accessories, conducted by the company or through other parties by getting commission and become a supplier, dealer, distributor and agent/representative of foreign or domestic companies.
- engaging business in land transportation, including passenger transportation by means of buses, sedan, and other land vehicles, transporting goods, delivery, transportation management, expedition and warehouses.
Projection Adi Sarana Armada's Future Corporate Earnings:
| 2018 | 2019F | 2020F | 2021F | 2022F | |
| Net Revenue | 1,863.0 | 2,335.0 | 3,378.0 | 4,515.0 | 6,819.0 |
| EBITDA | 787.0 | 903.0 | 1,219.0 | 1,482.0 | 1,843.0 |
| Net Profit | 144.0 | 107.0 | 172.0 | 204.0 | 290.0 |
| P/E Ratio (x) | 18.9 | 25.3 | 15.8 | 13.3 | 9.4 |
| P/BV (x) | 2.4 | 1.9 | 1.4 | 1.3 | 1.0 |
in billion IDR, unless otherwise stated
Source: Trimegah Sekuritas (25.09.2019)
Location
Contact Details
Graha Kirana Building 6th Floor
Jalan Yos Sudarso No. 88
North Jakarta - 14350
Phone: +62 21 6583 7227
Fax: +62 21 6583 7117
[email protected]
www.assarent.co.id