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 17,150,000,000
Dividend Yes
Major Shareholders (>5%) Kawan Lama Sejahtera (59.97%)
SSB HG22 Smallcap World Fund Inc (5.92%)
Key Subsidiaries Toys Games Indonesia

Stock Quote ACE Hardware Indonesia - ACES:

Business Summary

Ace Hardware Indonesia sells more than 80,000 products. These products are categorized in three main segments:

Home improvement
Lifestyle
Toys

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 (including world-class brands). At end-2016, the company had 26 Toys Kingdom stores in 11 Indonesian cities.

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. One characteristic of the Indonesian economy is that household consumption is the main driver of economic growth, accounting for approximately 55 percent of the country's total GDP growth. Important for ACE Hardware is that this growth gives rise to a booming property and real estate sector, and thus people need more home appliances.

The company’s main strategy for business expansion is the opening of new stores throughout Indonesia. ACE Hardware also provides online shopping for consumers through www.ruparupa.com (a subsidiary of Kawan Lama Sejahtera). Ruparupa allows customers to order products online and pick them up at the local ACE Hardware store.

ACE Hardware Indonesia's Financial Highlights:

     2014    2015    2016    2017
Net Sales 4,541.5 4,742.5 4,935.9
Gross Profit 2,193.6 2,253.7 2,351.8
Net Income   556.7   584.9   706.2
Operational Income   728.5   768.9   880.6
Income before Tax   692.3   736.6   836.1
Total Assets 2,958.4 3,267.5 3,731.1
Total Liabilities   629.2   638.7   682.4
Earnings per Share¹²   32,90   34,50   41,69
Cash Dividend per Share¹²     6.0    16.0

 

     2009    2010    2011    2012    2013
Net Sales 1,358.8 1,641.1 2,409.9 3,223.3 3,895.4
Gross Profit   552.4   708.6 1,119.6 1,551.6 1,933.5
Net Income   154.4   171.0   279.5   428.8   503.0
Operational Income   178.2   208.7   381.6   562.5   651.2
Income before Tax   206.3   220.0   370.8   537.3   623.0
Total Assets   974.9 1,198.0 1,451.7 1,916.9 2,478.9
Total Liabilities   120.3   173.4   219.9   298.9   563.4
Earnings per Share¹²    9,18    10,0   16,29   24,98   25,00
Cash Dividend per Share¹²    0.76    0.92    5.19    2.50    10.0

in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
² numbers adjusted to 1:10 stock split
Source: ACE Hardware, Annual Report 2016

Projection Ace Hardware Indonesia's Future Corporate Earnings:

    2015   2016  2017F  2018F  2019F
Net Revenue
Net Profit
EBITDA
P/E Ratio (x)
P/BV (x)

in billion IDR, unless otherwise stated
Source:

Location

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