JAKARTA. PT Astra Agro Lestari Tbk (AALI) reasserts its position in Indeks Tempo-IDNFinancials 52 by securing two out of four categories, namely Main Index and High Dividend.

Under Main Index category, AALI showed impressive performance in terms of fundamental aspects by securing net profit of slightly over IDR 1 trillion in 2023, although it shrank 38% year-on-year (yoy) from IDR 1.73 trillion in 2022.

However, despite this downturn, AALI remains consistent in distributing dividends of IDR 247 per share. Still, looking at the past 5 years, AALI’s 2023 dividend is the lowest, while the peak occurred in 2021, in which dividend reached IDR 359 per share.

For further details, total dividend of this Astra Group’s entity has consistently increased from 2019 to 2021; from IDR 49 to IDR 153 in 2020, before doubling to IDR 359 in 2021. It then slipped to IDR 319 in 2022, and IDR 247 in 2023. Its dividend payout ratio, however, fluctuates from 2019 to 2023, starting from 44.5%, 35.33%, 35.05%, 35.56%, and 44.49%.

With market cap of IDR 13.28 trillion, AALI also manages to seize Main Index category due to its stock liquidity rate in the market, as seen from its average daily transaction volume and frequency. AALI also records floating share of over 7.5%, as ordered by the stock exchange.

In 2023, AALI managed to book revenue of IDR 20.74 trillion, with comprehensive current year’s profit of IDR 1.13 trillion. This plantation company also records total assets of IDR 28.85 trillion, with total equity of IDR 22.56 trillion. (AM/ZH)