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Adaro Energy

DB:A64
Snowflake Description

Excellent balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
A64
DB
IDR34,065B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

PT Adaro Energy Tbk, together with its subsidiaries, engages in trading, hauling, services, industry, workshop, mining, and construction activities of coal industry in Indonesia. The last earnings update was 36 days ago. More info.


Add to Portfolio Compare Print
  • Adaro Energy has significant price volatility in the past 3 months.
A64 Share Price and Events
7 Day Returns
9.6%
DB:A64
8.7%
DE Oil and Gas
4.3%
DE Market
1 Year Returns
-28.5%
DB:A64
34.4%
DE Oil and Gas
-14.2%
DE Market
A64 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Adaro Energy (A64) 9.6% -3.7% -41.8% -28.5% -54.4% -14.2%
DE Oil and Gas 8.7% -2.8% -19.4% 34.4% -14.7% 157%
DE Market 4.3% -9% -21.6% -14.2% -19.6% -25.6%
1 Year Return vs Industry and Market
  • A64 underperformed the Oil and Gas industry which returned 34.4% over the past year.
  • A64 underperformed the Market in Germany which returned -14.2% over the past year.
Price Volatility
A64
Industry
5yr Volatility vs Market

A64 Value

 Is Adaro Energy undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Adaro Energy to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Adaro Energy.

DB:A64 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 15 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:A64
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 7.9%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.972 (1 + (1- 25%) (92.67%))
1.434
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.43
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.434 * 7.85%)
10.87%

Discounted Cash Flow Calculation for DB:A64 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Adaro Energy is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:A64 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.87%)
2020 213.30 Analyst x1 192.39
2021 270.89 Analyst x2 220.39
2022 313.66 Analyst x1 230.17
2023 269.01 Est @ -14.23% 178.06
2024 241.89 Est @ -10.08% 144.41
2025 224.54 Est @ -7.17% 120.91
2026 213.00 Est @ -5.14% 103.46
2027 205.09 Est @ -3.71% 89.85
2028 199.52 Est @ -2.72% 78.84
2029 195.49 Est @ -2.02% 69.68
Present value of next 10 years cash flows $1,428.00
DB:A64 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $195.49 × (1 + -0.39%) ÷ (10.87% – -0.39%)
$1,729.84
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,729.84 ÷ (1 + 10.87%)10
$616.58
DB:A64 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,428.00 + $616.58
$2,044.58
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,044.58 / 31,985.96
$0.06
DB:A64 Discount to Share Price
Calculation Result
Exchange Rate USD/IDR
(Reporting currency to currency of IDX:ADRO)
16135
Value per Share
(IDR)
= Value per Share in USD x Exchange Rate (USD/IDR)
= $0.06 x 16135
IDR1031.37
Non-primary Listing Adjustment Factor 1 share in DB:A64 represents 5.0E-5x of IDX:ADRO
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
5.0E-5x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (IDR) x Listing Adjustment Factor
= IDR 1,031.37 x 5.0E-5
€0.05
Value per share (EUR) From above. €0.05
Current discount Discount to share price of €0.05
= -1 x (€0.05 - €0.05) / €0.05
-3.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Adaro Energy is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Adaro Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Adaro Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:A64 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.01
IDX:ADRO Share Price ** IDX (2020-04-08) in IDR IDR1065
IDX:ADRO Share Price converted to USD reporting currency Exchange rate (IDR/ USD) 0 $0.07
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.5x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 17.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Adaro Energy.

DB:A64 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= IDX:ADRO Share Price ÷ EPS (both in USD)

= 0.07 ÷ 0.01

5.22x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Adaro Energy is good value based on earnings compared to the Europe Oil and Gas industry average.
  • Adaro Energy is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Adaro Energy's expected growth come at a high price?
Raw Data
DB:A64 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
-1.2%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

DB:A64 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.22x ÷ -1.2%

-4.37x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Adaro Energy earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Adaro Energy's assets?
Raw Data
DB:A64 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $0.12
IDX:ADRO Share Price * IDX (2020-04-08) in IDR IDR1065
IDX:ADRO Share Price converted to USD reporting currency Exchange rate (IDR/ USD) 0 $0.07
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.01x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.47x
DB:A64 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= IDX:ADRO Share Price ÷ Book Value per Share (both in USD)

= 0.07 ÷ 0.12

0.57x

* Primary Listing of Adaro Energy.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Adaro Energy is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Adaro Energy's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Adaro Energy has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

A64 Future Performance

 How is Adaro Energy expected to perform in the next 1 to 3 years based on estimates from 15 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-1.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Adaro Energy expected to grow at an attractive rate?
  • Adaro Energy's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Adaro Energy's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Adaro Energy's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:A64 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:A64 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts -1.2%
DB:A64 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts -1.8%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:A64 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:A64 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 3,292 669 403 6
2021-12-31 3,203 777 366 15
2020-12-31 3,091 596 333 13
2020-04-08
DB:A64 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 3,457 917 404
2019-09-30 3,607 919 511
2019-06-30 3,785 930 519
2019-03-31 3,702 894 462
2018-12-31 3,620 906 418
2018-09-30 3,486 889 424
2018-06-30 3,319 908 456
2018-03-31 3,296 832 461
2017-12-31 3,258 854 483
2017-09-30 3,185 952 498
2017-06-30 2,898 801 435
2017-03-31 2,664 799 372

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Adaro Energy's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Adaro Energy's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:A64 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below

All data from Adaro Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:A64 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.01 0.02 0.01 5.00
2021-12-31 0.01 0.01 0.01 12.00
2020-12-31 0.01 0.01 0.01 10.00
2020-04-08
DB:A64 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.01
2019-09-30 0.02
2019-06-30 0.02
2019-03-31 0.01
2018-12-31 0.01
2018-09-30 0.01
2018-06-30 0.01
2018-03-31 0.01
2017-12-31 0.02
2017-09-30 0.02
2017-06-30 0.01
2017-03-31 0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Adaro Energy is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Adaro Energy's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Adaro Energy has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

A64 Past Performance

  How has Adaro Energy performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Adaro Energy's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Adaro Energy has delivered over 20% year on year earnings growth in the past 5 years.
  • Adaro Energy's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Adaro Energy's 1-year earnings growth is negative, it can't be compared to the Europe Oil and Gas industry average.
Earnings and Revenue History
Adaro Energy's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Adaro Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:A64 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 3,457.15 404.19 232.59
2019-09-30 3,606.98 511.01 222.67
2019-06-30 3,784.69 519.19 218.24
2019-03-31 3,702.27 462.09 207.75
2018-12-31 3,619.75 417.72 194.00
2018-09-30 3,486.31 423.55 193.65
2018-06-30 3,319.34 456.29 177.78
2018-03-31 3,295.75 460.60 193.75
2017-12-31 3,258.33 483.30 183.65
2017-09-30 3,184.89 497.97 167.64
2017-06-30 2,897.71 434.90 173.46
2017-03-31 2,664.35 372.07 153.76
2016-12-31 2,524.24 334.62 151.18
2016-09-30 2,350.59 181.53 133.55
2016-06-30 2,461.55 155.40 126.71
2016-03-31 2,559.97 153.06 127.96
2015-12-31 2,684.48 152.44 129.53
2015-09-30 2,930.14 137.96 149.50
2015-06-30 3,031.04 129.54 161.98
2015-03-31 3,191.69 108.21 170.89
2014-12-31 3,325.44 177.90 163.19
2014-09-30 3,357.75 137.97 177.55
2014-06-30 3,398.91 153.52 172.38
2014-03-31 3,389.26 334.09 168.33
2013-12-31 3,285.14 233.97 173.09
2013-09-30 3,402.51 353.30 169.88
2013-06-30 3,370.43 373.26 172.03

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Adaro Energy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Adaro Energy used its assets more efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Adaro Energy has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Adaro Energy's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Adaro Energy has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

A64 Health

 How is Adaro Energy's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Adaro Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Adaro Energy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Adaro Energy's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Adaro Energy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Adaro Energy Company Filings, last reported 3 months ago.

DB:A64 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 3,983.40 1,802.65 1,582.48
2019-09-30 4,529.01 1,140.58 1,014.22
2019-06-30 4,443.35 1,172.20 954.46
2019-03-31 4,419.30 1,185.18 909.07
2018-12-31 4,302.69 1,268.63 1,017.04
2018-09-30 4,304.99 1,248.51 1,055.74
2018-06-30 4,165.83 1,188.65 1,147.30
2018-03-31 4,162.26 1,224.75 1,269.20
2017-12-31 4,091.63 1,307.88 1,453.86
2017-09-30 4,062.06 1,295.01 1,518.30
2017-06-30 3,896.34 1,319.54 1,236.44
2017-03-31 3,815.31 1,350.06 1,112.66
2016-12-31 3,785.88 1,379.59 1,076.95
2016-09-30 3,527.94 1,403.21 964.21
2016-06-30 3,440.49 1,441.77 828.09
2016-03-31 3,417.27 1,450.03 709.41
2015-12-31 3,353.04 1,492.60 702.45
2015-09-30 3,399.38 1,593.81 785.17
2015-06-30 3,338.32 1,636.36 687.79
2015-03-31 3,316.94 1,803.24 742.17
2014-12-31 3,259.47 1,789.50 745.25
2014-09-30 3,353.90 2,726.16 1,628.11
2014-06-30 3,311.09 2,124.91 938.02
2014-03-31 3,327.29 2,169.45 828.19
2013-12-31 3,174.19 2,140.99 680.90
2013-09-30 3,139.80 2,228.55 618.14
2013-06-30 3,074.53 2,266.11 558.94
  • Adaro Energy's level of debt (45.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (54.9% vs 45.3% today).
  • Debt is well covered by operating cash flow (50.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 18.3x coverage).
X
Financial health checks
We assess Adaro Energy's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Adaro Energy has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

A64 Dividends

 What is Adaro Energy's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
9.48%
Current annual income from Adaro Energy dividends. Estimated to be 7.81% next year.
If you bought €2,000 of Adaro Energy shares you are expected to receive €190 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Adaro Energy's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.63%).
  • Adaro Energy's dividend is above the markets top 25% of dividend payers in Germany (4.61%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:A64 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.6%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:A64 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.00 4.00
2021-12-31 0.01 14.00
2020-12-31 0.01 14.00
2020-04-08
DB:A64 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-04 0.006 7.094
2018-04-26 0.011 9.908
2018-03-06 0.011 7.167
2017-12-21 0.004 2.623
2017-04-27 0.003 2.438
2017-03-07 0.003 2.368
2016-04-29 0.002 2.628
2016-03-14 0.002 4.440
2015-04-30 0.002 5.329
2015-03-11 0.002 3.210
2014-04-29 0.002 2.559
2014-02-28 0.002 2.696
2013-04-30 0.004 4.275
2013-03-20 0.004 2.788
2012-08-16 0.008 5.214
2012-03-27 0.008 4.883
2011-05-30 0.003 1.501
2011-03-31 0.003 1.327
2011-03-30 0.003 1.372
2010-04-30 0.004 1.558
2010-01-04 0.004 1.751
2009-10-30 0.003 1.434
2009-08-31 0.002 1.684

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Adaro Energy's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
X
Income/ dividend checks
We assess Adaro Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Adaro Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Adaro Energy has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

A64 Management

 What is the CEO of Adaro Energy's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Garibaldi Thohir
AGE 54
CEO Bio

Mr. Garibaldi Thohir, also known as Boy, serves as Chief Executive Officer, President Director and Chairman of Management Board at PT Adaro Power. Mr. Thohir is the Chief Executive Officer at PT Adaro Energy Tbk. He has been Managing PT Trinugraha Thahir (Holding Company) with subsidiaries in property, retail, mining and automotive business since 1991. He has been the President Director and Chief Executive Officer of PT Adaro Energy Tbk since April 18, 2008 and PT Surya Esa Perkasa TBK since September 1, 2009. He serves as the President Director of PT Alam Tri Abadi and PT Trinugraha Food Industry. He serves as President Commissioner of PT Adaro Indonesia and PT Wahanaartha Harsaka Tbk. Mr. Thohir has been a Commissioner of PT Merdeka Copper Gold Tbk since December 2014 and having been the President Director since 2012. He served as the President Commissioner and Vice President Commissioner of Pt Wahana Ottomitra Multiartha Finance (alternately PT Wahana Ottomitra Multiartha, Tbk) and has been its Commissioner since 2007. He served as the President and Vice President of Board of Commissioners of Pt Wahana Ottomitra Multiartha Finance. He is a renowned entrepreneur and executive in the Indonesian business circle, most prominently as the President Director of PT Adaro Energy Tbk, the largest coalmine company in Indonesia. He has been a Commissioner of PT Indonesia Stock Exchange since July 2015. In 2011, Mr. Thohir was awarded as Businessman of the Year by Forbes Magazine Indonesia. Mr. Thohir completed a Bachelor of Science degree from University of Southern California in 1988 & an MBA from Northrop University, USA in 1989.

CEO Compensation
  • Insufficient data for Garibaldi to compare compensation growth.
  • Insufficient data for Garibaldi to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team

Garibaldi Thohir

TITLE
President Director & CEO
AGE
54

Christian Rachmat

TITLE
Vice President Director & Deputy CEO
AGE
44

Lie Luckman

TITLE
Chief Financial Officer
TENURE
1.3 yrs

Ah Chia

TITLE
COO & Director
AGE
60

- Susanti

TITLE
Head of Finance & Accounting Division

Heri Gunawan

TITLE
Head of Corporate Finance

Mahardika Hadikusumo

TITLE
Head of Investor Relations Division & Corporate Secretary

Mohammad Indra Aman

TITLE
Chief Legal Officer & Director
AGE
50

Febriati Nadira

TITLE
Head of Corporate Communication Division

Hendri Tamrin

TITLE
Head of Marketing Division
Board of Directors Tenure

Average tenure and age of the Adaro Energy board of directors in years:

11
Average Tenure
55.5
Average Age
  • The average tenure for the Adaro Energy board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Garibaldi Thohir

TITLE
President Director & CEO
AGE
54
TENURE
12 yrs

Christian Rachmat

TITLE
Vice President Director & Deputy CEO
AGE
44
TENURE
12 yrs

Ah Chia

TITLE
COO & Director
AGE
60
TENURE
12 yrs

Mohammad Indra Aman

TITLE
Chief Legal Officer & Director
AGE
50
TENURE
9 yrs

Julius Aslan

TITLE
Chief HRGA-IT Officer & Director
AGE
54
TENURE
7 yrs

Edwin Soeryadjaya

TITLE
President Commissioner
AGE
69
TENURE
12 yrs

Raden Pardede

TITLE
Independent Commissioner
AGE
57
TENURE
10 yrs

Teddy Rachmat

TITLE
Vice President Commissioner
AGE
76
TENURE
12 yrs

Arini Subianto

TITLE
Commissioner
AGE
49
TENURE
3.3 yrs

Mohammad Effendi

TITLE
Independent Commissioner
AGE
65
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Adaro Energy's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Adaro Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

A64 News

Simply Wall St News

A64 Company Info

Description

PT Adaro Energy Tbk, together with its subsidiaries, engages in trading, hauling, services, industry, workshop, mining, and construction activities of coal industry in Indonesia. The company operates through Coal Mining and Trading; Mining Services; Logistics; and Others segments. It provides coal mining and trading, mining contracting, infrastructure, coal logistics, power generation, and water treatment services; and coal handling and barging, terminal handling, farming, trading, power plant, and construction services, as well as manufactures, repairs, and maintains sea transportation. PT Adaro Energy Tbk also exports its products to China, Malaysia, Japan, India, South Korea, and internationally. The company was formerly known as PT Padang Karunia and changed its name to PT Adaro Energy Tbk in April 2008. PT Adaro Energy Tbk was founded in 2004 and is headquartered in Jakarta, Indonesia.

Details
Name: PT Adaro Energy Tbk
A64
Exchange: DB
Founded: 2004
IDR1,941,507,254
31,985,962,000
Website: http://www.adaro.com
Address: PT Adaro Energy Tbk
Menara Karya Building,
23rd Floor,
Jakarta,
Jakarta Raya, 12950,
Indonesia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
IDX ADRO Ordinary Shares Indonesia Stock Exchange ID IDR 16. Jul 2008
OTCPK PADE.F Ordinary Shares Pink Sheets LLC US USD 16. Jul 2008
DB A64 Ordinary Shares Deutsche Boerse AG DE EUR 16. Jul 2008
OTCPK ADOO.Y UNSPONSORD ADR Pink Sheets LLC US USD 23. Apr 2010
Number of employees
Current staff
Staff numbers
10,988
Adaro Energy employees.
Industry
Coal and Consumable Fuels
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 21:38
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/04/08
Last earnings filing: 2020/03/03
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.