Astra International (ASII) Earnings: 1H Net Income Drops 9.1% to 15.86T Rupiah Y/Y

Astra International on Smartkarma

Analysts on Smartkarma, such as Angus Mackintosh, have been covering Astra International closely with positive sentiments. In his report “Astra International (ASII IJ) – Striking a Balance with Finance”, Mackintosh highlights Astra’s reflection of the Indonesian economy, emphasizing its investments in geothermal and growing nickel businesses. Despite a -14% YoY headline net profit, the company’s optimism for the long term shows through as it maintains a 6.6x FY2024E PER and a 7.2% dividend yield, making valuations attractive.

Another report by Angus Mackintosh, “Astra International (ASII IJ) – Indonesia’s Mirror Image”, showcases Astra’s record earnings in 2023 despite commodity softening. Strong performances in the auto division, financing, and motorcycles drove these results. With investments in growth areas like the EV battery ecosystem and healthcare, Astra remains well-diversified to weather potential cyclical downturns. Valuations stand at 6.8x FY2024E PER with a 6.6% dividend yield, indicating a positive outlook for Astra International.

A look at Astra International Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

PT Astra International Tbk, a company deeply rooted in the automotive industry, boasts a solid Smartkarma Smart Score across various key factors, reflecting a positive long-term outlook. With high scores in Dividend and Value, Astra International demonstrates a commitment to rewarding shareholders while maintaining a strong financial position. Furthermore, its respectable scores in Growth indicate potential for expansion and development in the future. However, the company shows some room for improvement in Resilience and Momentum, suggesting a need to enhance its ability to withstand economic downturns and capitalize on market trends.

Overall, PT Astra International Tbk’s diverse business operations encompassing automobiles, motorcycles, spare parts, mining, plantations, and financial and information technology sectors position it as a versatile player in the market. The Smartkarma Smart Scores underline its strengths in value, dividend payouts, and growth prospects, signaling a promising trajectory ahead. By addressing areas such as resilience and momentum, Astra International could further solidify its standing and tap into its full potential for sustained success.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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