PT. Truba Alam Manunggal Engineering Tbk.
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PT. Truba Alam Manunggal Financial Snapshot
Engineering Tbk. Operating Performance
Fast Facts The company reported revenues of US$281.82 million
during 2010, with a CAGR of 27.69% during 2006–
11th Floor, Sona Topas Tower, Jakarta, 2010. Its revenue grew at an annual rate of 7.76%
Headquarters Address
12920,Indonesia over the previous fiscal year. In 2010, the company
recorded an operating margin of 4.90%, as against
Telephone + 62 21 52960565
2.54% in 2009.
Fax + 62 21 5214436
Revenue and Margins
Website www.truba-manunggal.com
Ticker Symbol, Stock Exchange TRUB, Indonesia Stock Exchange
Number of Employees 1,000
Fiscal Year End December
Revenue (in US$ million) 281.82
Revenue (in IDR million) 2,571,100.76
Return on Equity
SWOT Analysis The company recorded a return on equity (ROE) of -
2.81% for 2010, as compared to its peers, PT Adhi
Strengths Weaknesses Karya (Persero) Tbk. (Ticker: PEAB B), PT Wijaya
Karya (Persero) Tbk. (Ticker: WIKA) and The
Expanding Market Share in Sector Declining Operating Margins Zenitaka Corporation (Ticker: 1811), which recorded
ROEs of 21.84%, 15.81% and 2.39% respectively.
The company reported an operating margin of 4.90%
Strong Liquidity Position Limited Focus on Non EPC Segments in 2010.
Strong Presence in the EPC Segment
Return on Equity
Opportunities Threats
Demand for Power in Indonesia Corruption and Governance
Investments in Oil and Gas Sector Fluctuation in Coal Prices
Investments in Thai Construction
New Regulations for Mining Sector
Sector
Liquidity Position
The company reported a current ratio of 1.61 in 2010,
as compared to its peers, PT Adhi Karya (Persero)
Tbk., PT Wijaya Karya (Persero) Tbk. and The
Zenitaka Corporation, which recorded current ratios of
1.14, 1.36 and 1.11 respectively. As of December
2010, the company recorded cash and short-term
investments of worth US$27.55 million, against
US$116.56 million current debt. The company
reported a debt to equity ratio of 1.50 in 2010 as
compared to its peers, PT Adhi Karya (Persero) Tbk.,
PT Wijaya Karya (Persero) Tbk. and The Zenitaka
Corporation, which recorded debt to equity ratios of
1.14, 0.20 and 1.35 respectively.
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PT. Truba Alam Manunggal Engineering Tbk. - SWOT Page 1
Profile
PT. Truba Alam Manunggal Engineering Tbk.
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TABLE OF CONTENTS
1 Business Analysis ................................................................................................................................... 5
1.1 Company Overview ................................................................................................................................................5
1.2 Business Description ..............................................................................................................................................5
1.3 Major Products and Services .................................................................................................................................6
2 Analysis of Key Performance Indicators ............................................................................................... 7
2.1 Five Year Snapshot: Overview of Financial and Operational Performance Indicators ..........................................7
2.2 Key Financial Performance Indicators .................................................................................................................10
2.2.1 Revenue and Operating Profit .........................................................................................................................10
2.2.2 Asset, Liabilities and Capex .............................................................................................................................11
2.2.3 Operational Efficiency ......................................................................................................................................12
2.2.4 Solvency ..........................................................................................................................................................13
2.2.5 Valuation ..........................................................................................................................................................14
2.3 Competitive Benchmarking ..................................................................................................................................15
2.3.1 Market Capitalization .......................................................................................................................................15
2.3.2 Efficiency ..........................................................................................................................................................16
2.3.3 Capital Expenditure ..........................................................................................................................................17
2.3.4 Valuation ..........................................................................................................................................................18
2.3.5 Turnover – Inventory and Asset .......................................................................................................................19
2.3.6 Liquidity ............................................................................................................................................................20
3 SWOT Analysis ...................................................................................................................................... 21
3.1 SWOT Analysis - Overview ................................