PT Astra International (PTAIY) AI Stock Analysis

• Market Cap: $15.14B
• Dividend Yield: 5.73%
• Average Volume (3M): 50.45K
• Price to Earnings (P/E): 8.3
• Beta (1Y): 0.21
• Revenue Growth: -1.51%
• EPS Growth: -7.16%
• Country: US
• Employees: 134,533
• Sector: Industrials
• Sector Strength: 72
• Industry: Auto - Parts
• EPS (TTM): 0.20
• Shares Outstanding: 2,024,177,500
• 10 Day Avg. Volume: 110,045
• 30 Day Avg. Volume: 50,450
• PEG Ratio: -3.15
• Price to Book (P/B): 1.19
• Price to Sales (P/S): 0.84
• P/FCF Ratio: 7.96
• Enterprise Value/Market Cap: 20.80K
• Enterprise Value/Revenue: 0.97
• Enterprise Value/Gross Profit: 4.46
• Enterprise Value/Ebitda: 5.42
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 0.98
• Revenue Forecast (FY): $19.86B

• Rating: 72 Outperform
• Price Target: $9.00 ▲(15.68% Upside)
• Action: Upgraded Date: 03/01/26
• Date: Action: Upgraded 03/01/26

The score is driven primarily by above-average financial quality (solid margins/ROE with manageable leverage) and a strong valuation profile (low P/E and high dividend yield). These positives are tempered by softer near-term growth/margins, only moderate cash-to-earnings conversion, and largely neutral technical momentum.

Positive Factors

Diversified conglomerate business model

A broad, multi-segment operating footprint (autos, financing, heavy equipment, agribusiness, infrastructure, IT) reduces single-market dependency, smooths cyclical swings across commodity and consumer cycles, and supports cross-selling and capital allocation flexibility over the medium term.

Durable profitability and ROE

Sustained gross and net margins with mid-teens return on equity indicate durable earnings power and efficient capital use across divisions, enabling reinvestment and shareholder returns even if top-line growth slows, supporting long-term competitive position.

Manageable leverage and balance-sheet resilience

A moderate debt-to-equity ratio and equity growth alongside assets provide financial flexibility for investment, dividend capacity, and weathering cyclical downturns, reducing refinancing risk and supporting long-term strategic initiatives.

Negative Factors

Flat to slightly down revenue

Revenue stagnation across the group signals limited near-term top-line momentum; sustaining long-term EPS growth will rely more on margin recovery or higher capital returns rather than organic sales expansion unless end-market demand improves.

Margin softening trend

A downtrend in gross and net margins, even if modest, weakens the cushion against revenue volatility and increases reliance on cost discipline or pricing power to sustain profitability, pressuring medium-term earnings resilience.

Moderate cash conversion

Free cash flow covering only ~63% of net income indicates working-capital needs or capex weigh on convertibility of accounting profits to cash, limiting capacity for debt paydown, buybacks, or aggressive reinvestment without raising leverage or reallocating capital.

PT Astra International Business Overview & Revenue Model

Company Description

PT Astra International Tbk is a leading Indonesian conglomerate with diversified business operations across various sectors, including automotive, financial services, agribusiness, heavy equipment, mining, energy, and infrastructure. The company is primarily recognized for its automotive division, which is one of the largest in Indonesia, comprising the manufacturing, distribution, and retail of vehicles. Additionally, Astra engages in financial services through its subsidiaries that provide banking, insurance, and leasing services, along with significant investments in agribusiness and other industrial sectors.

How the Company Makes Money

PT Astra International generates revenue through multiple key streams. The automotive sector is a major contributor, with income derived from the sale of vehicles, parts, and after-sales services. The company has strategic partnerships with international automobile manufacturers, allowing it to sell a diverse range of vehicles. Financial services, including banking, insurance, and leasing, provide another substantial revenue source, driven by interest income, insurance premiums, and service fees. The agribusiness segment, which includes palm oil production and other agricultural activities, contributes through the sale of commodities. Additionally, Astra's heavy equipment and mining operations generate revenue from equipment sales, rentals, and mining services. The company's diversified portfolio and strategic partnerships across various sectors enable it to maintain a robust revenue model.

PT Astra International Financial Statement Overview

Summary

Above-average fundamentals: solid profitability (TTM gross margin ~21.5%, net margin ~10%) and consistent mid-teens ROE with manageable leverage (debt-to-equity ~0.47). Offsetting factors are slightly down/flat TTM revenue (~-1.4%), mild margin softening versus 2023–2024, and only moderate cash conversion (FCF ~63% of net income).

Income Statement

TTM (Trailing-Twelve-Months) revenue is essentially flat to slightly down (about -1.4% vs. the prior year), following modest growth in 2023–2024. Profitability remains solid for the group, with TTM gross margin around 21.5% and net margin near 10%, but margins have trended slightly lower versus 2023–2024 levels. Overall, the company shows durable earnings power, though the near-term growth and margin momentum are softer.

Balance Sheet

Leverage appears manageable, with debt-to-equity roughly 0.47 in TTM (Trailing-Twelve-Months), broadly stable over the last several years. Equity has grown alongside assets, supporting balance sheet resilience. Returns on equity are consistently strong (mid-teens in TTM), but the steady use of debt means the company is not “low leverage,” and balance sheet strength is more solid-than-conservative.

Cash Flow

Cash generation is positive: TTM (Trailing-Twelve-Months) operating cash flow and free cash flow are both meaningful, and TTM free cash flow is up strongly versus the prior year. However, cash conversion is only moderate—TTM free cash flow covers roughly 63% of net income—suggesting working-capital swings and/or capital spending needs can dampen how much accounting profit turns into true free cash. Still, the trajectory improved versus 2023.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	10.00T>	10.00T>	10.00T>	10.00T>	10.00T>
Gross Profit	69.98T	73.56T	73.31T	70.09T	51.03T
EBITDA	57.03T	74.75T	86.70T	66.40T	48.79T
Net Income	33.05T	34.05T	33.84T	28.94T	20.20T
Balance Sheet
Total Assets	10.00T>	10.00T>	10.00T>	10.00T>	10.00T>
Cash, Cash Equivalents and Short-Term Investments	54.12T	49.25T	41.98T	61.58T	64.60T
Total Debt	10.00T>	10.00T>	93.31T	70.72T	72.49T
Total Liabilities	10.00T>	10.00T>	10.00T>	10.00T>	10.00T>
Stockholders Equity	10.00T>	10.00T>	10.00T>	10.00T>	10.00T>
Cash Flow
Free Cash Flow	34.38T	27.52T	11.65T	25.83T	32.89T
Operating Cash Flow	51.50T	45.03T	33.75T	37.34T	38.25T
Investing Cash Flow	-29.44T	-13.04T	-35.99T	-15.97T	-3.90T
Financing Cash Flow	-18.31T	-24.97T	-17.38T	-25.53T	-18.20T

PT Astra International Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 7.78
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PTAIY, the sentiment is Negative. The current price of 7.78 is below the 20-day moving average (MA) of 7.87, below the 50-day MA of 7.98, and above the 200-day MA of 6.97, indicating a neutral trend. The MACD of -0.12 indicates Positive momentum. The RSI at 36.35 is Neutral, neither overbought nor oversold. The STOCH value of -0.18 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PTAIY.

PT Astra International Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ALSN	74 Outperform	$10.11B	13.20	35.42%	1.07%	-4.21%	-0.45%
PTAIY	72 Outperform	$15.14B	8.27	16.42%	5.73%	-1.51%	-7.16%
ALV	71 Outperform	$8.45B	12.37	30.32%	2.60%	0.84%	26.17%
LKQ	68 Neutral	$8.03B	12.73	9.78%	4.00%	-3.71%	-0.27%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
BWA	62 Neutral	$10.92B	35.20	5.05%	1.24%	0.08%	-83.69%
APTV	54 Neutral	$15.36B	101.80	1.83%	―	2.16%	-85.91%