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PT United Tractors Tbk

UNTROther Industrial Metals & MiningBasic MaterialsBarang perindustrianKomoditasAstraSyariah

Ringkasan Bisnis

PT United Tractors Tbk, together with its subsidiaries, sells and rents heavy equipment in Indonesia. The company operates through six segments: Construction Machinery, Mining Contracting, Coal Mining, Gold and Other Mineral Mining, Construction Industry, and Energy. It also distributes heavy equipment, trucks, cranes, and busses under the Komatsu, UD Trucks, Scania, Bomag, Tadano, and United Tractors names to mining, agriculture, constructions, forestry, as well as material handling and transportation. In addition, it sells and leases tractors, generators, forklifts, and mini excavators, as well as sells commodity parts. Further, the company offers mining services that supports coal companies, such as mining design and implementation, initial assessment and feasibility study, mining infrastructure and facilities development, land removal and waste management, production and transportation of mining materials, expansion of mine/ facility, reclamation and re-vegetation, and shipping and marketing, as well as owns interests in various coal mine concessions; and provides technical and construction services for building, civil, and maritime work. Additionally, it engages in the engineering, planning, assembling, and manufacturing components of machinery, tools, parts, and heavy equipment; provision of vessel construction and related repair services; provision of vessel charter and shipping; operating power plants; fishery business; exploration, mining, and mineral processing of gold and silver; and remanufacturing of heavy equipment components. The company was founded in 1972 and is headquartered in Jakarta Timur, Indonesia. PT United Tractors Tbk is a subsidiary of PT Astra International Tbk.

Web: https://www.unitedtractors.comTelp: 62 21 2457 9999Jl. Raya Bekasi Km 22, Jakarta Timur, 13910, Indonesia

Grafik Harga UNTR

Latar Belakang

PT United Tractors Tbk merupakan perusahaan yang bergerak dalam bidang kontraktor penambangan. Kegiatan utama Perusahaan terbagi ke dalam lima segmen: Mesin Konstruksi, Kontraktor Penambangan, Pertambangan Batu Bara, Industri Konstruksi, dan Energi. Segmen usaha Mesin Konstruksi mencakup penjualan dan penyewaan alat berat, serta layanan purna jual. Segmen usaha Kontraktor Penambangan memberi berbagai layanan pertambangan termasuk desain tambang, explorasi, ekstrasi, hauling, barging dan transportasi komoditas. Segmen usaha Pertambangan Batu Bara fokus kepada penambangan dan penjualan batubara. Segmen usaha konstruksi menyediakan jasa konstruksi yang meliputi bidang pondasi, struktur, pembongkaran dan pengembangan infrastruktur. erseroan merupakan distributor alat berat terbesar dan terkemuka di Indonesia yang menawarkan produk dari merk terkenal di dunia seperti Komatsu, Komatsu Forest, UD Trucks, Scania, Bomag, dan Tadano. Pemegang saham mayoritas perseroan adalah PT Astra International Tbk. Sejak tahun 2004, perseroan ditunjuk menjadi distributor eksklusif untuk Truk dan Bus Scania, serta Komatsu Forest untuk Indonesia.Anak usaha Perusahaan mencakup PT Pamapersada Nusantara, PT Karya Supra Perkasa, PT United Tractors Pandu Engineering, PT Bina Pertiw dan UT Heavy Industry (S) Pte Ltd. United Tractors merupakan anak usaha dari PT Astra International Tbk (“Astra”), salah satu grup usaha terbesar dan terkemuka di Indonesia dengan jaringan layanan menjangkau berbagai industri dan sektor. Sejak 19 September 1989, United Tractors telah menjadi perusahaan publik dengan mencatatkan sahamnya di Bursa Efek Indonesia (dahulu Bursa Efek Jakarta dan Bursa Efek Surabaya). Hingga kini Astra memiliki 59,5% saham United Tractors, dengan sisa saham dimiliki oleh publik.

Buy / Sell Signal

Buy

PER tinggi
Perusahan Cyclical
Habis Cum Date dividend Final
Beli setelah Cum Date dividend Final sebelum Dividend Interim
Bulan Desember
Pengalaman 2 tahun hold UNTR, bulan desember selalu yang terendah

Sell

Hold Forever?
Perusahan Siklikal -> Jual saat di puncak / PER rendah.

Rating

  • Price Growth⭐⭐⭐

    Naik turun berdasarkan komoditas. Terutama coal, nikel dan emas.

  • Earning / Revenue Growth⭐⭐⭐

    EPS naik turun berdasarkan komoditas. Terutama coal, nikel dan emas. Masih melakukan diversifikasi bisnis. per 2024. Laba dari perusahaan yang di akuisisi ataupun joint venture masih belum tercermin di LK

  • Dividend Streak⭐⭐⭐⭐⭐

    Selalu bagi dividend

  • Dividend Growth⭐⭐⭐

    dividend naik turun berdasarkan komoditas. Terutama coal, nikel dan emas.

Valuation

Metric2014201520162017201820192020202120222023
Price Earning Ratio12.0516.4115.8517.849.177.116.538.044.594.14
Return On Equity (%)14.6510.1612.2416.3220.6919.439.9614.9924.8026.01
Current Ratio2.062.152.31.81.141.562.111.991.881.46
Dividen Yield (%)3.084.692.741.913.575.743.673.656.6029.32
MCap In RP Trilion57.2650.1060.92115.8998.8982.2991.2058.4961.1685.53

Laba Tahunan (Per Kuartal)

Net Income in RP Billion

TahunQ1Q2Q3Q4
20211,8672,6493,3022,462
20224,3216,0365,5105,139
20235,3235,8934,1325,263

EPS in RP

TahunQ1Q2Q3Q4
2021500.46710.14885.10660.15
20221,158.351,618.121,477.151,377.57
20231,427.111,579.821,107.861,410.95

Revenue in RP Billion

TahunQ1Q2Q3Q4
202117,89819,41320,51221,638
202227,97932,46831,08632,074
202334,88933,78828,92130,986

Riwayat Dividen

Cum DateDividendYield %
2021-10-073351.29%
2021-04-204732.18%
2020-10-071710.79%
2020-06-228054.97%
2019-10-084082.20%
2019-04-298283.42%
2018-10-053651.29%
2018-04-246111.87%
2017-10-062821.02%
2017-04-263931.68%
2016-09-291430.93%
2016-05-034403.70%
2015-09-292511.87%
2015-04-305453.25%
2015-04-295453.24%
2014-10-101951.36%
2014-05-163402.09%
2013-10-031751.41%
2013-05-154103.40%
2012-10-172101.53%
2012-05-144502.43%
2011-10-281851.07%
2011-06-012701.73%
2010-10-281601.13%
2010-06-153302.77%
2009-06-122203.26%
2008-10-241005.04%
2008-06-111502.23%
2007-10-11601.05%
2007-06-21851.98%
2006-10-16451.20%
2006-06-131103.93%
2005-06-23351.75%
2004-12-01201.88%

Timeline

  1. 1972-10-13Establishment

    The company was established under the name of PT Inter-Astra Motor Works with a focus on heavy equipment distribution and the Company changed its name to PT United Tractors.

  2. 1973Project

    Became the sole distributor of Komatsu and Tadano products in Indonesia.

  3. 2015Stock

    PAMA acquired 80% ownership of PT Sumbawa Juta Raya ("SJR"), a gold mining exploration company in Sumbawa, West Nusa Tenggara.

  4. 2021-07-01Stock

    In July, the Company through KSP sold all of its 51% ownership in PT Supra Alphaplus Handal ("SAH").

  5. 1997Establishment

    Established PT Komatsu Remanufacturing Asia ("KRA") in Balikpapan to provide Komatsu engine and component reconditioning services.

  6. 1973Project

    Became the sole distributor of Bomag vibratory rollers and started selling Komatsu forklifts.

  7. 2017Establishment

    Formation of the fifth business line, Energy, through the subsidiary PT Bhumi Jati Power ("BJP"), as an Independent Power Producer (IPP).

  8. 2010Stock

    Through Turangga Resources, acquired PT Agung Bara Prima ("ABP") which has mining concessions in Kapuas, Central Kalimantan.

  9. 2012Stock

    UTPE acquired PT Patria Maritime Perkasa ("PMP") (formerly Perkasa Melati) to enter the ship repair and manufacturing industry in Batam, Riau Islands.

  10. 2021-08-01Stock

    In August, ACSET conducted a Capital Increase without Preemptive Rights (HMETD) by issuing 6,250,000,000 new shares. After HMETD, UT's ownership of ACSET through KSP became 82.17%.

  11. 2014Stock

    Restructuring of the mining business line where all mining subsidiaries come under Turangga Resources, with the Company and PAMA each owning 40% and 60% of Turangga Resources' shares, respectively.

  12. 2015Establishment

    Establishment of PT Unitra Persada Energia ("UPE"), engaged in the field of power generation.

  13. 2019Establishment

    Formation of the sixth business line, Gold Mining, operated by PTAR.

  14. 2017Stock

    Through Turangga Resources, completion of the acquisition of 80.1% ownership in SMM, a metallurgical coal concession in Central Kalimantan.

  15. 1983Establishment

    Established PT United Tractors Pandu Engineering ("UTPE") to enter the engineering and manufacturing industry of heavy equipment components and attachments.

  16. 2018Stock

    Through its subsidiary PT Danusa Tambang Nusantara ("DTN"), acquisition of 95% ownership of PT Agincourt Resources ("PTAR"), a company engaged in gold mineral exploration, mining, and processing in North Sumatra.

  17. 1984Project

    Became the sole distributor of UD Trucks (previously known as Nissan Diesel).

  18. 2008Establishment

    Established PT Patria Maritime Lines ("PML") through UTPE, to provide coal transportation services by river.

  19. 2008Establishment

    Established PT Multi Prima Universal ("MPU") to provide machine rental services and used machine sales.

  20. 2017Project

    Through BJP, completion of project financing agreements to build and operate a 2x1,000 MW coal-fired power plant in Jepara, Central Java.

  21. 2010Establishment

    Established PT Andalan Multi Kencana ("AMK") which focuses on commodity parts distribution.

  22. 2011Establishment

    UTPE established PT Patria Maritime Industry ("PAMI") to provide ship repair and maintenance services.

  23. 2015Stock

    Formation of the fourth business line, Construction Industry, by acquiring 50.1% ownership of PT Acset Indonusa Tbk ("ACSET").

  24. 2022Stock

    Through its subsidiary DTN, it signed a Conditional Shares Sale and Purchase Agreement (CSPA) to acquire 90% ownership of PT Stargate Pasific Resources (SPR) and 90% ownership of PT Stargate Mineral Asia (SMA).

  25. 2011Stock

    Through PAMA and Turangga Resources, acquired companies with other concession rights, including PT Bukit Enim Energi ("BEE"), PT Asmin Bara Bronang ("ABB"), PT Agung Bara Jaan ("ABJ"), PT Duta Sejahtera ("DS"), and PT Duta Nurcahya ("DN").

  26. 2004Project

    Appointed as the official sole distributor of Scania products.

  27. 2012Stock

    Turangga Resources acquired PT Borneo Berkat Makmur ("BBM"), which owns 60% of the shares of PT Piranti Jaya Utama ("PJU"), a mining company with mining concession rights in Kapuas, Central Kalimantan.

  28. 2013Stock

    PAMA increased its ownership stake in ABB and ABJ by 15%, thus now controlling 75.4% of ABB and ABJ's shares.

  29. 2008Stock

    Acquired PT Tuah Turangga Agung ("Turangga Resources") located in Kapuas, Central Kalimantan.

  30. 1989Establishment

    The Company expanded its business line to mining contractor services by establishing PT Pamapersada Nusantara ("PAMA").

  31. 1989-09-19Stock

    The company's shares were officially listed on the Jakarta Stock Exchange and Surabaya Stock Exchange on September 19, 1989.

  32. 1992Establishment

    Established PT United Tractors Semen Gresik ("UTSG") as a joint venture with PT Semen Indonesia (Persero) (previously PT Semen Gresik) to carry out quarry and limestone mining projects.

  33. 2011Establishment

    Established PT Universal Tekno Reksajaya ("UTR") to provide engine and component reconditioning services.

  34. 2021-12-01Stock

    In December, the Company carried out internal restructuring of the company's group. All subsidiaries under PT Bina Pertiwi ("BP") engaged in renewable energy were transferred to PT Energia Prima Nusantara ("EPN").

  35. 2022Stock

    The Company expanded its portfolio of renewable energy by investing in PT Arkora Hydro Tbk ("Arkora") with a 31.49% ownership stake. The Company diversified its business by developing in the nickel sector.

  36. 2007Stock

    PAMA acquired PT Prima Multi Mineral ("PMM"), which holds mining concession rights in Rantau, South Kalimantan.

  37. 1995Establishment

    Established UT Heavy Industry (S) Pte, Ltd., based in Singapore, as an extension of heavy equipment import distribution to Indonesia.

  38. 2016Stock

    Through Turangga Resources, signing of a Conditional Shares and Purchase Agreement related to the purchase of 80.1% of PT Suprabari Mapanindo Mineral ("SMM"), a metallurgical coal mining concession located in Central Kalimantan.

  39. 2020Stock

    In August, ACSET conducted a Limited Public Offering II (PUT II) by issuing 5,725,160,000 new shares. After PUT II, UT's ownership of ACSET through PT Karya Supra Perkasa ("KSP") became 64.8%.

Struktur Pendapatan

  • EmasTambangMenggali
  • Batu BaraTambangMenggali
  • Kontraktor TambangTambangJasa
  • TambangLabaMenjual Hasil
  • Alat BeratLabaMenjual & Sewa
  • EnergiLabaPortofolio
  • Konstruksi & InfrastrukturLabaPortofolio
  • Finansial dan PembiayaanLabaPortofolio

Alur Keuangan UNTR

Total Revenue → Cost of Goods Sold: Rp101.60 TTotal Revenue → Gross Profit: Rp29.70 TGross Profit → Operating Expenses: Rp7.64 TGross Profit → Operating Income (EBIT): Rp22.07 TOperating Income (EBIT) → Interest Expense: Rp1.30 TOperating Income (EBIT) → Pre-Tax Income: Rp20.18 TPre-Tax Income → Taxes: Rp5.01 TPre-Tax Income → Net Income: Rp14.81 TNet Income → Dividends: Rp7.45 TNet Income → Retained Earnings: Rp85.55 TTotal Revenue: Rp131.30 TTotal RevenueCost of Goods Sold: Rp101.60 TCost of Goods SoldGross Profit: Rp29.70 TGross ProfitOperating Expenses: Rp7.64 TOperating ExpensesOperating Income (EBIT): Rp22.07 TOperating Income (EBIT)Interest Expense: Rp1.30 TInterest ExpensePre-Tax Income: Rp20.18 TPre-Tax IncomeTaxes: Rp5.01 TTaxesNet Income: Rp92.99 TNet IncomeDividends: Rp7.45 TDividendsRetained Earnings: Rp85.55 TRetained Earnings

Alur Arus Kas

Free Cash Flow → Cash Dividends Paid: Rp7.45 TFree Cash Flow → Change in Cash: Rp1.23 TFree Cash Flow: Rp8.67 TFree Cash FlowCash Dividends Paid: Rp7.45 TCash Dividends PaidChange in Cash: Rp1.23 TChange in Cash

Nilai dalam Rupiah. T = triliun, M = miliar. Arahkan kursor ke alur untuk melihat nilai.

Catatan

  • Konglomerasi $ASII

    Anak Perusahaan $ASII

  • Jan - Feb 2024

    Belum ada penjualan emas. Gara-gara belum di setujui (?).

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