AUTO - PT. Astra Otoparts Tbk

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JAKARTA - PT Multistrada Arah Sarana Tbk (MASA) reported the highest market capitalisation amidst several automotive component manufacturers in Indonesia. However, in terms of dividend allocation, it is still smaller than PT Astra Autoparts Tbk (AUTO).

Based on IDNFinancials data today (10/7), in 2023, MASA booked net profit attributable to the company of USD 75.43 million, increasing 42.38% year-on-year (yoy) from USD 52.91 million. Furthermore, at the end of fiscal year (FY) 2023, its retained earnings were at USD 58.73 million and total equity reached USD 324.83 million.

Total dividend for FY 2023 distributed by MASA was IDR 339.76 billion or IDR 37 per share, up 19.35% from the dividend in FY 2022 of IDR 284.67 million or IDR 31 per share. Its market cap was IDR 49.58 trillion as of June 28, 2024.

On the other hand, MASA’s industry competitor, AUTO, reported net profit attributable to the parent company of IDR 1.83 trillion, up 38.91% yoy from IDR 1.32 trillion. Its retained earnings at the end of FY 2023 were IDR 9.33 trillion, and its total equity reached IDR 14.53 trillion.

For FY 2023, AUTO’s dividend increased 50% yoy to IDR 636.20 billion from IDR 424.13 billion. On June 28, 2024, its market cap was reported at IDR 9.13 trillion. (LK/ZH)