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PT Adi Sarana Armada Tbk

PT Adi Sarana Armada Tbk

IIDX:ASSA
540.00
IDR
+10.00
(+1.89%)
142.58EPS
5.73P/E
2.14TMarket Cap
Oct 28Next Earn
PT Adi Sarana Armada Tbk
IDX:ASSA
(Indonesia Stock Exchange)

Recent

price

540.00

P/E

ratio

5.73

div

yld

3.76%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
IDR
- -
154.12
349.27
276.75
309.72
378.26
426.55
458.99
506.01
634.02
779.52
1,470.26
1,646.39
1,226.66
1,342.65
1,622.67
1,649.75
Revenue per Share
- -
2.68
12.96
25
11.67
9.27
16.87
28.03
38.98
29.99
22.37
41.21
28.89
28.68
66.04
113.18
101.21
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
8.31
4.61
3.69
6.46
11.07
- -
3.24
- -
- -
1.29
40.53
51.85
20.32
Dividend per Share
35.9
52.31
199.09
224.09
227.67
232.09
245.41
267.7
295.05
323.71
348.64
426.82
453.57
503.31
529.34
594.07
612.52
Book Value per Share
35.9
52.31
199.09
222.17
225.62
230.54
243.9
266.17
292.67
287.27
311.82
385.4
401.88
453.6
484.36
552.34
573.83
Tangible Book Value per Share
3,682
3,682
2,273
3,682
3,682
3,682
3,682
3,682
3,682
3,682
3,896
3,461
3,565
3,618
3,691
3,691
3,691
Basic Weighted Avg Shares
- -
567,413
793,862
1,018,883
1,140,260
1,392,597
1,570,388
1,689,846
1,862,946
2,334,222
3,037,359
5,088,094
5,870,094
4,438,522
4,955,892
5,989,486
6,089,449
Sales/Revenue/Turnover
- -
26.92
22.21
21.46
17.08
16.33
17.35
18.11
19.2
15.1
10.36
9.14
4.62
7.45
14.24
17.06
15.41
Operating Margin (%)
- -
5,105
6,173
6,152
8,767
9,174
11,445
12,847
16,506
23,911
52,935
58,019
69,656
79,254
86,981
91,237
92,405
Depreciation Expense
- -
9,876
29,453
92,040
42,977
34,146
62,116
103,198
143,509
110,402
87,148
142,628
103,020
103,767
243,745
417,749
373,562
Net Income, GAAP
- -
66.22
31.45
13.51
23.74
39.89
30.02
25.25
21.99
21.95
6.71
28.48
48.69
70.02
23.15
21.71
22.31
Effective Tax Rate (%)
- -
1.74
3.71
9.03
3.77
2.45
3.96
6.11
7.7
4.73
2.87
2.8
1.76
2.34
4.92
6.97
6.13
Profit Margin (%)
-214,936
-195,502
38,975
-209,414
-322,050
-359,454
-304,578
-458,729
-613,480
-587,731
-809,244
-120,944
-247,032
-197,223
-280,294
-22,540
-34,268
Working Capital
611,487
876,006
926,819
866,619
1,045,903
1,299,671
1,386,632
1,364,688
1,603,572
2,063,557
2,086,949
2,843,859
2,753,914
2,791,808
2,907,715
2,909,553
2,810,213
LT Debt
132,156
192,551
732,954
824,997
838,257
854,544
903,628
985,810
1,138,412
1,338,152
1,439,320
1,765,508
2,470,857
2,602,476
2,782,585
3,193,604
3,395,270
Total Equity
- -
4.31
7.42
9.63
6.97
5.56
7.11
8.16
8.55
7.01
6.76
6.8
2.3
1.49
8.05
11.08
9.64
Return on Invested Capital (%)
- -
4.32
7.54
9.78
7
5.57
7.13
8.2
8.77
8.18
7.91
6
5.69
4.1
5.66
6.48
5.93
Return on Capital (%)
- -
6.08
6.36
11.82
5.17
4.03
7.07
10.93
13.85
9.69
7.04
10.17
6.57
5.97
12.79
20.15
17.31
Return on Common Equity (%)

Capital Structure

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,372,153
1,500,212
1,575,174
LT Borrowings
2,874,665
2,825,611
2,781,641
LT Finance Leases
34,889
34,092
28,572
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,691
3,691
3,691
Market Capitalization
4,152,530
2,860,632
2,140,860

Working Capital

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,008,651
2,228,774
2,422,130
Cash, Cash Equivalents & STI
1,153,307
1,116,415
1,203,538
Accounts Receivable, Net
542,362
617,255
669,699
Inventories
69,678
82,567
158,359
Total Current Liabilities
2,031,191
2,250,785
2,456,397
Payables & Accruals
- -
- -
- -
ST Debt
1,372,153
1,500,212
1,575,174
Deferred Revenue
- -
- -
- -

Growth Rates

IDR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.51%
17.93%
14.77%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
38.59%
48.58%
71.39%
Sales/Revenue/Turnover
17.71%
18.2%
20.86%
Total Cash Common Dividend
- -
- -
27.93%

Quarterly Revenue

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,181,858
1,186,070
1,273,571
1,314,392
4,955,892
2025
1,385,236
1,450,536
- -
1,574,731
5,989,486
2026
1,538,512
1,525,670
- -
- -
- -

Quarterly Earnings Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
19.24
15.56
22.82
8.42
66.04
2025
27.57
28.04
- -
18.73
113.18
2026
26.68
27.75
- -
- -
- -

Quarterly Dividends Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
20
20
40.53
2025
- -
- -
- -
20.32
51.85
2026
- -
- -
- -
- -
- -
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Business
PT Adi Sarana Armada Tbk (ASSA.JK) operates as Indonesia's leading provider of integrated transportation solutions, encompassing corporate vehicle rentals, logistics services, driver management, automotive auctions, car sharing, online vehicle trading, and parcel delivery; its core offerings include ASSA Rent for long-term and short-term vehicle leasing of cars, buses, and trucks, ASSA Logistics for freight transportation via box cars, blind vans, and specialized distribution management, ASSA Driver Services supplying professional drivers, JBA BidWin Auction for automotive auctions, Share Fleet and Share Car for car pooling and sharing, Caroline.id and AnterAja for express parcel services, and Titipaja for additional logistics support. Founded in 1999 and headquartered at Graha Kirana Building, 6th Floor, Jl. Yos Sudarso No. 88, Sunter, Jakarta Utara 14350, Indonesia, the company serves over 1,000 corporate clients and individuals through 45 branches across major cities nationwide, with key subsidiaries including PT Adi Sarana Logistik, PT Adi Sarana Transport, Duta Mitra Solusindo, and Adi Sarana Lelang. Recent developments feature a IDR 500 billion term loan agreement with PT Bank QNB Indonesia Tbk in November 2025 to fund fleet expansion, alongside planned capital expenditures up to IDR 1.5 trillion for revenue growth targeting 10%, capital injections into subsidiaries PT Adi Sarana Transport and PT Adi Sarana Logistik totaling over IDR 6.4 billion in 2024-2025, and an increase in share capital by IDR 4.172 billion in March 2025, complemented by a 2024 cash dividend payout of IDR 20 per share following prior earnings retention.