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Astra International (ASII) IDR

PT Astra International Tbk is a diversified conglomerate operating in automotive, financial services, heavy equipment, mining, energy, agribusiness, infrastructure, logistics, information technology, and property sectors across Indonesia and internationally.

At a glance: strengths & risks
✗Profit falling (-19% y/y, H1 2026)✗Margins compressing (18%→15%, H1 2026)

Sector: Conglomerate

ID_ASII

Price chart

4 690 IDRDay -6.20%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
4 690 IDR · -6.20%
Market cap
186135.0 bn IDR

Growth

Δ revenue y/y
-3.0%
Δ EBITDA y/y
-20.3%

Multiples

P/E (LTM)
6.2x
3y avg: 6.6x
P/B (FY)
0.8x
P/E (ann.)
7.4x
EV/EBITDA (LTM)
5.1x
3y avg: 4.4x
EV/EBITDA (ann.)
5.6x

Cash return

Dividend yield
8.3%
FCF yield (LTM)
10.9%

Value creation

fundamental value/yr, % of market cap
Value created / year
-11.4%
↓ details

Liquidity

Daily turnover (listing)
385 bln IDR

Shares: connector/market_inputs

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

Financial results

Monetary columns are in T IDR, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueT IDROperating profitT IDRD&AT IDREBITDAT IDRNet profitT IDROperating CFT IDRCapex + M&AT IDRAssetsT IDREquityT IDRROE (annualized)Net debtT IDRSource
2026-06-30Q2 2026 (3M)OK79.2
y/y -3.0%
8.1
y/y -24.8%
4.4
y/y -11.5%
12.5
y/y -20.3%
6.7
y/y -19.2%
10.0-7.6514.5
y/y 5.5%
230.1
y/y 5.5%
10.8%72.9Report (PDF)
2026-03-31Q1 2026 (3M)OK78.7
y/y -5.6%
6.3
y/y -31.7%
4.3
y/y -8.4%
10.6
y/y -23.8%
5.8
y/y -15.6%
6.3-2.6517.8
y/y 4.7%
232.8
y/y 5.2%
10.1%67.7Report (PDF)
2025-12-31Q4 2025 (3M)OK79.8
y/y -5.7%
10.3
y/y -52.0%
4.6
y/y -7.6%
14.9
y/y -43.6%
8.3
y/y 1.2%
9.6-2.2507.4
y/y 7.3%
228.9
y/y 7.4%
14.4%57.7Report (PDF)
2025-09-30Q3 2025 (3M)OK80.8
y/y -1.1%
9.2
y/y -10.6%
3.4
y/y -5.2%
12.7
y/y -9.0%
9.0
y/y -5.3%
11.9-8.9505.4
y/y 7.7%
227.1
y/y 9.8%
14.7%51.2Report (PDF)
2025-06-30Q2 2025 (3M)OK79.5
y/y 1.8%
10.0
y/y —
5.1
y/y 6.7%
15.1
y/y —
8.6
y/y -24.0%
9.8-2.1487.8
y/y 4.7%
218.0
y/y 9.4%
14.1%-53.0Report (PDF)
2025-03-31Q1 2025 (3M)OK83.4
y/y —
9.2
y/y —
4.7
y/y —
13.9
y/y —
6.9
y/y —
13.4-4.2494.7
y/y —
221.4
y/y —
12.8%30.3Report (PDF)
2024-12-31Q4 2024 (3M)OK84.6
y/y —
21.4
y/y —
5.0
y/y —
26.4
y/y —
8.2
y/y —
8.1-6.7472.9
y/y —
213.2
y/y —
16.2%52.2Report (PDF)
2024-09-30Q3 2024 (3M)OK86.4
y/y —
—
y/y —
4.8
y/y —
—
y/y —
5.4
y/y —
6.2-4.5469.4
y/y —
206.9
y/y —
17.0%-51.0Report (PDF)
2024-06-30Q2 2024 (3M)OK160.0
y/y —
—
y/y —
9.2
y/y —
—
y/y —
20.4
y/y —
30.7-5.0466.0
y/y —
199.3
y/y —
—-53.0Report (PDF)

Net debt structure (leases included, IFRS 16) 2026-06-30

Short-term debt (incl. ST leases)74 418 000
Long-term debt (incl. LT leases)44 672 000
− Cash & equivalents46 150 000
Net debt72 940 000

Net debt / LTM EBITDA: 1.4x

Revenue & EBITDA

RevenueEBITDA

Quarterly values (Rp mln)

050 000 000100 000 000150 000 000200 000 0002024 H12024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

-60%-40%-20%0%2024 H12024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

Operating and investing cash flow (OCF + ICF) (Rp mln)

-10 000 000010 000 00020 000 00030 000 0002024 H12024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Net debt / cash (Rp mln)

-100 000 000-50 000 000050 000 000100 000 0002024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Profit and cash

Profit is cash-backed
In a typical year of 2024–2025 operating cash flow came to 1.34x of reported net profit; after capex, 0.84x.
year20242025
cash flow / profit1.32x1.36x
accruals, % of assets-2.3%-2.4%
Last twelve months (to 2026-06-30): 1.27x of profit came back as operating cash flow.
net debt / EBITDA 2.3x · capex 0.9x of depreciation
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Research & reviews

Our earnings breakdowns and investment notes on this issuer.

All research →

Indonesia — currency context

USD/IDR18128
1-week+0.7%
1-month+2.2%
room to 52w-weakest0.3%
DXY (dollar index)102.0
US 10Y4.98%

A weaker rupiah lowers the USD value of Indonesian equities for a foreign holder; for banks, BI's high policy rate (defending the currency) pressures margins.

as of 2026-10-29 (Yahoo)

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: -11.4%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X
= —
-5 888 000
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (186 135 050 + 72 940 000) ÷ 50 648 000
5.1x
3. Target multiple
(Current EV/EBITDA + 9) ÷ 2
= (5.1 + 9) ÷ 2
7.1x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= -125 957 564 + 0 + 0 − 0
20 366 000
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (-5 888 000 × 7.1 + 20 366 000) ÷ 186 135 050
-11.4%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Caveats:

  • LTM EBITDA = FY2025 + H12026 - H12025 (cumulative-YTD reporter); ΔEBITDA vs prior full year

Peer comparison

Group: Conglomerate. Each peer is shown as it trades and re-priced onto this company's market (Indonesia) by the ratio of our coverage medians.

CompanyMarketCap, $bnEV/EBITDAEV/EBITDA, adjusted
DMCI HoldingsPhilippines1.33.7x2.8x
Alliance Global GroupPhilippines1.24.3x3.3x
JG Summit HoldingsPhilippines2.05.4x4.2x
SM Investments CorporationPhilippines10.35.7x4.4x
Aboitiz Equity VenturesPhilippines3.48.7x6.7x
Ayala CorporationPhilippines5.221.4x16.5x
Group median5.6x4.3x
Group average8.2x6.3x
This companyIndonesia10.25.1x5.1x

Group median 5.6x as traded, 4.3x adjusted; this company 5.1x — a 19% premium.

Group average 8.2x as traded, 6.3x adjusted; against the average this company is at a 19% discount. The average sits 47% above the median: Ayala Corporation (16.5x) skews the group.

At the adjusted group median the market cap would be -21% versus today.

The gap and the implied upside are measured against the median: one richly priced peer moves an average, not a median. The market adjustment uses our coverage medians (US 20.6x, Russia 3.8x, South Africa 5.5x, Kazakhstan 6.3x, India 17.8x, Indonesia 4.4x); it is about where a name is listed, not what it does. Peer multiples come from the nightly rebuild of 2026-10-29; the company's own is live.

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-10-1398 IDREx-dividend: 98 IDR per sharePaidYahoo Finance (ex-div)
2026-05-05292 IDREx-dividend: 292 IDR per sharePaidYahoo Finance (ex-div)
2025-10-1498 IDREx-dividend: 98 IDR per sharePaidYahoo Finance (ex-div)
2025-05-21308 IDREx-dividend: 308 IDR per sharePaidYahoo Finance (ex-div)
2024-10-1498 IDREx-dividend: 98 IDR per sharePaidYahoo Finance (ex-div)
2024-05-14421 IDREx-dividend: 421 IDR per sharePaidYahoo Finance (ex-div)
2023-10-1298 IDREx-dividend: 98 IDR per sharePaidYahoo Finance (ex-div)
2023-05-05552 IDREx-dividend: 552 IDR per sharePaidYahoo Finance (ex-div)
2022-10-1288 IDREx-dividend: 88 IDR per sharePaidYahoo Finance (ex-div)
2022-05-09194 IDREx-dividend: 194 IDR per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Investor reporting (IR): https://www.astra.co.id/Investor-Relations

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Astra International (ASII) — from primary filings.

Frequently asked questions

What is Astra International (ASII)'s P/E ratio?
Astra International (ASII) trades at a P/E of 6.2x (price to trailing 12-month earnings).
What is Astra International (ASII)'s EV/EBITDA?
Astra International (ASII) trades at 5.1x EV/EBITDA.
What is Astra International (ASII)'s P/B ratio?
Astra International (ASII) trades at a P/B of 0.8x.
What is Astra International (ASII)'s dividend yield?
Astra International (ASII)'s trailing 12-month dividend yield is 8.3%.
What is Astra International (ASII)'s return on equity (ROE)?
Astra International (ASII)'s ROE is 10.8%.
What is Astra International (ASII)'s market capitalization?
Astra International (ASII)'s market cap is 186135.0 bn IDR.

See also: Indonesian Stocks (2026): The Cheapest Big Emerging Market · The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map