ACES Ace Hardware Indonesia Tbk.

[S]
COMPANY REPORT : FEBRUARY 2013
Main Board
Industry Sector : Trade, Services & Investment (9)
Industry Sub Sector : Retail Trade (93)

As of 28 February 2013
:
890.244
Individual Index
17,150,000,000
:
Listed Shares
Market Capitalization : 12,519,500,000,000

66 | 13.0T | 0.31% | 81.40%

88 | 2.44T | 0.22% | 88.03%

COMPANY HISTORY
Established Date : 03-Feb-1995
Listing Date
: 06-Nov-2007
Under Writer IPO :
PT CLSA Indonesia
PT Dinamika Usaha Jaya
Securities Administration Bureau :
PT Adimitra Transferindo
Plaza Property 2nd Fl. Komp. Pertokoan Pulomas Blok VIII No. 1

Jln. Perintis Kemerdekaan Jakarta 13210

Phone : 478-81515 (Hunting)
Fax
: 470-9697
BOARD OF COMMISSIONERS
1. Kuncoro Wibowo
2. Ijek Widya Krisnadi
3. Tarub *)
4. Teddy Hartono Setiawan *)
*) Independent Commissioners
BOARD OF DIRECTORS
1. Prabowo Widyakrisnadi
2. Hartanto Djasman
3. Rudy Hartono
4. Tarisa Widya Krisnadi
AUDIT COMMITTEE
1. Teddy Hartono Setiawan
2. Iskandar Baha
3. Ngaku Putu Adhiriana
CORPORATE SECRETARY
Helen R. Tanzil
HEAD OFFICE
Gedung Kawan Lama Lt. 5
Jln. Puri Kencana No. 1 Meruya Kembangan
Jakarta - 11610
Phone : (021) 582-2222
Fax
: (021) 582-1520, 582-4022
Homepage
Email

: www.acehardware.co.id
: helen_tanzil@acehardware.co.id

SHAREHOLDERS (February 2013)

1. PT Kawan Lama Sejahtera
2. Public (<5%)
DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year Shares Dividend Cum Date
2007
3.49 16-Apr-08
2008
7.60 06-May-09
9.20 27-May-10
2009
2010
51.85 03-Jun-11
2011
25.00 08-Jun-12

10,284,900,000 :
6,865,100,000 :

Ex Date
17-Apr-08
07-May-09
31-May-10
06-Jun-11
11-Jun-12

Recording
Date
21-Apr-08
11-May-09
02-Jun-10
08-Jun-11
13-Jun-12

59.97%
40.03%

Payment
Date
06-May-08
26-May-09
16-Jun-10
22-Jun-11
27-Jun-12

F/I
I
F
F
F
F

ISSUED HISTORY
No.
1.
2.
3.

Type of Listing
First Issue
Company Listing
Stock Splits

Shares
515,000,000
1,200,000,000
15,435,000,000

Listing
Date
06-Nov-07
06-Nov-07
01-Nov-12

Trading
Date
06-Nov-07
04-May-08
01-Nov-12

ACES Ace Hardware Indonesia Tbk. [S]

Closing
Price*

Closing Price
Volume
(Mill. Sh)

1,000

72.0

875

63.0

750

54.0

625

45.0

500

36.0

375

27.0

250

18.0

125

9.0

Jan-09

Jan-10

Jan-11

Jan-12

Jan-13

Closing Price*, Jakarta Composite Index (IHSG) and

Trade, Sevices and Investment Index
January 2009 - February 2013

Month
Jan-09
Feb-09
Mar-09
Apr-09
May-09
Jun-09
Jul-09
Aug-09
Sep-09
Oct-09
Nov-09
Dec-09

High
810
650
800
800
930
950
1,090
1,110
1,230
1,510
1,600
1,550

Low
610
610
650
680
800
900
920
1,030
1,090
1,220
1,480
1,480

Close
630
650
690
800
920
920
1,090
1,110
1,230
1,510
1,550
1,510

Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10

1,530
1,470
1,670
1,720
1,730
1,810
1,870
1,870
2,275
2,700
2,825
2,950

1,400
1,320
1,360
1,610
1,700
1,730
1,810
1,780
1,760
2,025
2,200
2,400

Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11

2,950
2,600
2,650
2,700
2,700
3,200
3,575
3,500
3,350
3,525
3,900
4,400

Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
Jan-13
Feb-13

Volume
Value
Freq.
(X) (Thou. Sh.) (Million Rp)

Day

TRADING ACTIVITIES

Closing Price* and Trading Volume

Ace Hardware Indonesia Tbk. [S]
January 2009 - February 2013

86
15
15
48
84
125
114
143
138
249
233
115

40,658
4,365
2,097
4,325
13,994
130,683
41,619
8,475
17,661
42,821
2,601
2,119

29,279
2,775
1,403
3,000
12,240
122,136
40,316
8,811
20,461
56,768
3,982
3,229

14
6
7
18
16
17
19
16
17
20
20
18

1,450
1,360
1,640
1,710
1,730
1,800
1,840
1,780
2,025
2,700
2,675
2,950

144
122
286
101
179
57
76
160
695
1,072
737
319

1,509
5,031
17,451
15,962
16,781
6,436
17,404
4,622
12,591
8,743
8,660
7,314

2,221
6,826
25,872
25,857
28,964
11,240
31,564
8,405
25,648
19,300
22,580
19,161

19
12
20
17
14
16
18
17
16
21
21
20

2,425
2,250
2,400
2,400
2,600
2,600
2,850
3,000
3,025
3,050
3,150
3,600

2,650
2,500
2,550
2,650
2,700
3,025
3,450
3,300
3,300
3,375
3,800
4,100

137
238
180
1,341
176
575
118
209
204
809
509
918

6,258
5,988
5,169
31,938
11,835
16,298
33,523
7,917
54,383
37,519
41,307
14,813

16,397
14,841
13,345
83,313
31,637
48,534
102,238
25,540
178,871
126,446
149,661
57,833

18
16
20
18
17
20
19
17
19
20
21
20

4,250
4,800
4,650
5,200
6,100
5,500
6,250
6,300
6,700
7,150
760
840

3,800
4,100
4,025
4,300
4,900
4,875
5,050
5,550
5,750
6,100
690
710

4,150
4,325
4,450
5,150
5,500
5,050
5,900
5,700
6,150
7,000
750
820

436
1,118
1,290
1,746
2,752
3,253
3,242
3,033
3,706
4,491
7,796
7,353

5,546
30,112
23,254
53,843
47,009
33,023
50,818
52,432
21,309
34,381
433,997
334,657

22,460
130,298
104,761
245,743
246,898
166,671
282,666
313,951
131,483
226,667
315,631
255,087

20
20
21
20
21
21
22
18
20
22
20
18

880
790

700
710

760
730

14,877
17,914

424,483
524,462

333,200
387,776

21
20

1,120%
960%
886.5%
800%
640%
480%
420.5%
320%
233.7%
160%
-160%

Jan 09

Jan 10

Jan 11

Jan 12

Jan 13

SHARES TRADED

2009

2010

2011

Volume (Million Sh.)

Value (Billion Rp)
Frequency (Thou. X)
Days

311
304
1
188

123
228
4
211

267
849
5
225

1,120
2,442
40
243

949
721
33
41

1,600
610
1,510
151

2,950
1,320
2,950
295

4,400
2,250
4,100
410

7,150
690
820
820

880
700
730
730

16.77
28.45
PER (X)
16.33
21.27
PER Industry (X)
2.98
4.91
PBV (X)
* Adjusted price after corporate action

25.16
16.89
5.71

40.77
19.08
9.71

36.29
19.88
8.65

Price (Rupiah)
High
Low
Close
Close*

2012 Feb-13

ACES Ace Hardware Indonesia Tbk. [S]

Financial Data and Ratios
Public Accountant : RSM Aryanto, Amir Jusuf, Mawar & Saptoto (Member of RSM International)
Dec-08

Dec-09

Dec-10

Dec-11

Sep-12

Cash & Cash Equivalents

98,688

395,772

366,378

210,454

150,344

Receivable

21,142

13,966

377,073

52,394

62,591

Inventories

197,984

95,569

135,198

290,356

489,020

Current Assets

619,284

775,772

862,190

846,867

1,109,367

Fixed Assets

82,784

105,122

226,465

361,381

417,712

Other Assets

21,856

22,872

38,281

59,081

63,168

Total Assets

790,277

BALANCE SHEET
(Million Rp except Par Value)

Book End : December

TOTAL ASSETS AND LIABILITIES (Bill. Rp)

Assets

Liabilities

1,875
1,500

Growth (%)

970,556

1,191,333

1,451,755

1,797,694

22.81%

22.75%

21.86%

23.83%

73,186

110,310

166,524

251,305

1,125
750
375
-

Current Liabilities

91,853
20,966

29,601

36,437

53,358

98,518

112,819

102,787

146,747

219,882

349,823

-8.89%

42.77%

49.84%

59.10%

14,449

Authorized Capital

480,000

480,000

480,000

480,000

480,000

Paid up Capital

171,500

171,500

171,500

171,500

171,500

Long Term Liabilities

Total Liabilities

Growth (%)

2008

2009

2010

2011

Sep-12

TOTAL EQUITY (Billion Rupiah)

1,448

Minority Interest

1,715

1,715

1,715

1,715

1,715

100

100

100

100

100

Retained Earnings

186,135

328,146

490,275

666,785

887,851

Total Equity

677,458

Paid up Capital (Shares)

1,232

868
857

Par Value

867,768

1,030,138

1,231,874

1,447,871

28.09%

18.71%

19.58%

17.53%

Dec-08

Dec-09

Dec-10

Dec-11

Sep-12

1,279,834

1,358,775

1,641,122

2,426,438

2,296,448

6.17%

20.78%

47.85%

Growth (%)
INCOME STATEMENTS
Total Revenues

Growth (%)
Expenses

777,113

806,337

932,519

1,290,264

1,173,408

Gross Profit

502,721

552,437

708,603

1,136,175

1,123,040

Operating Expenses

338,244

374,236

490,710

765,309

788,074

Operating Profit

164,477

178,201

217,893

370,866

334,966

8.34%

22.27%

70.21%

1,030

1,153

677

562

266

-29

2008

2009

2010

2011

TOTAL REVENUES (Billion Rupiah)

2,426
2,426

Growth (%)

1,931

1,436

Other Income (Expenses)

Income before Tax
Tax

18,980

28,129

11,275

12,588

183,458

206,330

229,167

370,866

347,555

52,815

51,888

54,628

91,361

88,835

3,312

258,719

Sep-12

2,296

1,641
1,280

1,359

941

446

Minority Interest

154,443

177,851

279,505

18.22%

15.16%

57.16%

Dec-08

Dec-09

Dec-10

Dec-11

Sep-12

674.21

1,060.00

781.61

508.56

441.44

7.60

9.20

51.85

25.00

76.18

90.05

103.70

162.98

150.86

BV (Rp)

395.02

505.99

600.66

718.29

844.24

DAR (X)

0.14

0.11

0.12

0.15

0.19

DER(X)

0.17

0.12

0.14

0.18

0.24

Net Income

130,643

Growth (%)
RATIOS
Current Ratio (%)
Dividend (Rp)
EPS (Rp)

-49

2008

23.21

21.26

19.24

25.55

19.33

ROE (%)

27.08

23.78

22.25

30.11

24.00

GPM (%)

39.28

40.66

43.18

46.82

48.90

OPM (%)

12.85

13.11

13.28

15.28

14.59

NPM (%)

10.21

11.37

10.84

11.52

11.27

Payout Ratio (%)

9.98

10.22

50.00

15.34

Yield (%)

1.01

0.61

1.76

0.61

2010

2011

Sep-12

NET INCOME (Billion Rupiah)

280
259

280

222

178
154
165

ROA (%)

2009

131

108

51

-6

2008

2009

2010

2011

Sep-12