Ace Hardware Indonesia

PT Ace Hardware Indonesia is an Indonesian retail company engaged in the business of home improvement and lifestyle products. At the end of 2012, the company managed a network of 76 retail stores in several large cities throughout Indonesia (with total store space of 231,000 square meters).

In 2010, Ace Hardware introduced the 'Toys Kingdom' retail concept to Indonesia. Its Toys Kingdom outlets are toy stores that specifically aim at children but also at the adult and adolescent markets through a diverse collection of collectible items, family games and baby products.

Profile

Industry Sector Trade, Services & Investment
Industry Sub Sector Retail Trade
Established 3 February 1995
Listed 6 November 2007
Listed Company Code ACES
Listed Shares 1,715,000,000
Dividend Yes
Major Shareholders (>5%) Kawan Lama Sejahtera (59.97%)
Key Subsidiaries

The graph below shows a steep decline as Ace Hardware conducted a stock split with a ratio of 1:10 in November 2012. This measure was taken to increase the company’s share liquidity. 

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Business Summary

Ace Hardware Indonesia sells over 75,000 products. These products are categorized in three main segments:

Home improvement
Lifestyle
Toys

Ace Hardware has been recording solid growth in recent years as Indonesia's retail business is growing amid a positive macroeconomic environment: the country has a large population with increasingly higher purchasing power. Indonesia's property and real estate sector is booming and thus people need more home appliances.


Ace Hardware Indonesia's Financial Highlights:

      2008     2009     2010     2011     2012     2013
Net Sales  1,222.2  1,358.8  1,641.1  2,409.9  3,223.3  3,895.4
Gross Profit    502.7    552.4    708.6  1,119.6  1,551.6  1,933.5
Net Income    130.6    154.4    171.0    279.5    428.8    503.0
Income from Operations    164.5    178.2    208.7    381.6    562.5    651.2
Income before Tax    183.5    206.3    220.0    370.8    537.3    623.0
Total Assets    790.3    974.9  1,198.0  1,451.7  1,916.9  2,478.9
Total Liabilities    112.8    120.3    173.4    219.9    298.9  
Earnings per Share¹²     7,65     9,18     10,0    16,29    24,98    29,70
Cash Dividend per Share¹²     0.35     0.76     0.92     5.19     2.50  
P/E Ratio (x)       –       –       –     52.4    34.99  

in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
² numbers adjusted to 1:10 stock split
Source: Ace Hardware, Financial Report FY 2013

Contact Details

Kawan Lama Building 5th Floor
Jalan Puri Kencana No. 1
Meruya Kembangan, Jakarta 11610
Phone: +62 21 582 2222
Fax: +62 21 582 4022
Email: helen_tanzil@acehardware.co.id
www.acehardware.co.id

Location