Company Profile Adhi Karya: Reaping Benefits of Indonesia's Property Boom
Indonesia Investments has updated the financial highlights of state-controlled enterprise Adhi Karya (ADHI). The company is engaged in construction services, infrastructure development, property, real estate and engineering, and procurement & construction. Its infrastructure projects include roads, bridges, irrigation, power plants and ports, while its building projects include high rise buildings, hotels, hospitals and schools. Shares and net income of the company have surged in 2012 amid Indonesia's booming property sector.
The annual report 2012 has not been published yet by the company.
Click here to see the financial highlights of Adhi Karya (ADHI)
Adhi Karya's Financial Highlights:
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | |
| Revenues | 4,973.9 | 6,639.9 | 7,714.6 | 5,674.9 | 6,695.1 | 7,627.7 |
| Gross Profit | 456.9 | 544.3 | 655.5 | 710.6 | 734.4 | 955.9 |
| Net Income | 111.6 | 81.5 | 165.5 | 189.5 | 182.1 | 211.6 |
| Operating Income |
291.1 | 367.9 | 536.8 | 550.8 | 556.0 | - |
| Income before Tax | 309.5 | 258.7 | 430.0 | 440.4 | 412.0 | 511.8 |
| Total Assets | 4,333.2 | 5,125.4 | 5,629.5 | 4,927.7 | 6,113.0 | 7,872.1 |
| Total Liabilities | 3,787.8 | 4,525.5 | 4,888.6 | 4,059.9 | 5,122.6 | 6,691.2 |
| Earnings per Share¹ | 61.96 | 46.04 | 94.20 | 107.83 | 103.64 | 117.46 |
| Cash Dividend per Share¹ | 12.98 | 15.04 | 11.51 | 28.26 | 32.35 | 23.49 |
| P/E Ratio (x) | 22.0 | 5.9 | 4.5 | 8.7 | 5.7 | 25.8 |
in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
Sources: Adhi Karya, Annual Report 2011 & FY-2012 Financial Results
Future Projection of Adhi Karya's Financial Highlights:
| 2012 | 2013F | 2014F | 2015F | |
| Revenues | 7,627.7 | 11,661.0 | 12,110.0 | 12,999.0 |
| EBITDA | 712.0 | 1,021.0 | 1,059.0 | 1,131.0 |
| Net Income | 211.6 | 375.0 | 457.0 | 570.0 |
| Earnings per Share¹ | 117.5 | 208.3 | 253.7 | 316.4 |
| P/E Ratio (x) | 25.8 | 14.5 | 11.9 | 9.6 |
in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
Source: Investor Daily