Profile

Industry Sector Trade, Services & Investment
Industry Sub Sector Retail Trade
Established 8 October 1996
Listed 14 December 2011
Listed company code ERAA
Listed Shares 2,900,000,000
Dividend Yes
Major Shareholders (>5%) Eralink International (59.97%)
Key Subsidiaries Erafone Artha Retailindo
Sinar Eka Selaras
Era Sukses Abadi
Teletama Artha Mandiri

Stock Quote Erajaya Swasembada - ERAA:

Business Summary

The Erajaya Group has grown into a nationwide distribution network made up of around 100 distribution points, 700 stores and partnerships with more than 16,000 third-party re-sellers. It is a market leader for the distribution of mobile communication products in Indonesia.

Erajaya is Indonesia's leading distributor and retailer of smartphones, tablets, and android devices. Its brands include Xiaomi, Nokia, Apple, Samsung, Blackberry, Acer, Dell, HTC, Motorola, Sony, LG, Huawei and Venera.

Initially, Erajaya's business line only covered Nokia phones. However, when Nokia sales fell sharply in 2009 due to increased competition from smartphones, the company decided to engage in an aggressive expansion program. This program included the take-over of PT Teletama Artha Mandiri (TAM), an Indonesian distributor of Blackberry handsets, an initial public offering (IPO) on the Indonesia Stock Exchange, through which it raised IDR 920 billion, and by adding more brands on the company's distribution line. The company has also steadily expanded its number of distribution centers and outlets. In 2012, it acquired ibox, an Apple reseller, training center and service provider for USD $18 million.

Financial Highlights Erajaya Swasembada:

     2015    2016    2017
Net Sales 20,007.6 20,547.1
Gross Profit  1,505.6  1,792.3
Net Income    226.0    263.8
Income from Operations    477.5    533.6
Income before Tax    320.4    383.5
EBITDA    615.0    708.0
Total Assets  7,800.3  7,424.6
Total Liabilities  4,594.9  4,015.4
Earnings per Share¹      78      91
Cash Dividend per Share¹
Price-to-Earnings Ratio (x)     6.99     6.59

 

     2010    2011    2012    2013    2014
Net Sales  4,638.5  6,899.5 12,883.6 12,727.3 14,451.4
Gross Profit    507.8    748.8  1,145.7  1,169.2  1,289.2
Net Income    217.7    255.4    432.9    348.4    212.3
Income from Operations    293.6    389.8    625.8    546.4    478.2
Income before Tax    296.7    357.8    583.9    456.9    296.9
EBITDA    419.5    690.0    642.9    602.1
Total Assets  1,285.0  2,929.5  3,887.4  5,001.6  6,121.8
Total Liabilities    268.1    782.1  1,308.4  2,248.3  3,112.4
Earnings per Share¹     110     126     149     120      73
Cash Dividend per Share¹          60       0      20

in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
Source: Erajaya Swasembada, Financial Report 2016

Projection Erajaya Swasembada's Future Corporate Earnings:

   2015  2016 2017F 2018F
Net Revenue 20,008 20,547 23,187 25,546
Net Profit
  230   262   303   327
P/BV (x)
   0.7    0.6    0.6    0.6
P/E Ratio (x)    9.5    8.3    7.2    6.7

in billion IDR, unless otherwise stated
Source: Ciptadana Sekuritas (19/02/2018)

Location

Contact Details

Jalan Gedong Panjang No. 29-31
Jakarta - 11240
Phone: +62 21 690 5050
Fax: +62 21 698 31225
Email: djatmiko.wardoyo@erajaya.com
www.erajaya.com