Astra International (ASII) Earnings Impacted as September Domestic Auto Sales Decline

Astra International on Smartkarma

Analyst coverage on Astra International on Smartkarma provides valuable insights into the company’s performance and future outlook. Analyst Angus Mackintosh, in the report “Digging in Against the BEV Threat,” highlights Astra’s strong position in Indonesia’s Hybrid EV market, maintaining a market share of 57% amidst competition. The company’s focus on developing new HEV products and investments in the ecosystem bode well for its future growth, with attractive valuations as a key point.

In another report by Mackintosh titled “Strength in Diversity,” Astra International is recognized as a key proxy for Indonesia’s economy, with diversified earnings contributing to its resilience. Despite a slight decline in core earnings, the company’s financing businesses showcased robust performance, offsetting weaknesses in other divisions. With an attractive 9% FY2024E dividend yield, Astra’s valuations remain supported, making it an intriguing investment opportunity.

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

Analysts utilizing the Smartkarma Smart Scores foresee a promising long-term outlook for Astra International. With a strong focus on dividends and growth, the company has received high scores of 5 and 4 respectively in these areas. This indicates that Astra International is performing well in terms of rewarding its investors and showing potential for expansion.

Although the company scored slightly lower in resilience with a score of 3, its overall momentum remains positive with a score of 4. This suggests that Astra International is well-positioned to weather challenges and maintain a steady growth trajectory in the foreseeable future.

Summary:
### PT Astra International Tbk assembles and distributes automobiles, motorcycles, and their related spare parts. Through its subsidiaries, the Company also operates in the mining, development of plantations, financial and information technology. ###

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