PT Astra International (PTAIY) AI Stock Analysis

• Market Cap: $13.84B
• Dividend Yield: 5.73%
• Average Volume (3M): 50.45K
• Price to Earnings (P/E): 8.3
• Beta (1Y): 0.28
• Revenue Growth: -1.51%
• EPS Growth: -7.16%
• Country: US
• Employees: 134,533
• Sector: Industrials
• Sector Strength: 72
• Industry: Auto - Parts
• EPS (TTM): 0.15
• 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: 21.10K
• Enterprise Value/Revenue: 0.90
• Enterprise Value/Gross Profit: 4.14
• Enterprise Value/Ebitda: 5.03
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 0.97
• Revenue Forecast (FY): $19.38B

• Rating: 72 Outperform
• Price Target: $7.50 ▼(-3.60% Downside)
• 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

Durable Profitability

Consistently solid margins (TTM gross ~21.5%, net ~10%) indicate durable earnings power across the conglomerate, supporting internal funding for capex and dividends. Over multiple cycles these margins underpin steady cash generation and protect returns on invested capital.

Manageable Leverage & Balance Sheet

A debt-to-equity near 0.47 with equity growing alongside assets points to a resilient capital structure. Manageable leverage gives financial flexibility to invest, withstand cyclical stress in automotive and commodity-linked units, and maintain credit access for strategic needs.

Improving Free Cash Flow

A marked year-over-year improvement in free cash flow signals stronger cash conversion trends and reduced reliance on external funding. Durable FCF growth supports sustainable dividends, reinvestment in core businesses, and the ability to fund cyclical downturns without aggressive balance-sheet moves.

Negative Factors

Soft Revenue Trend

Stagnant to modestly declining top-line (TTM ~-1.4%) suggests demand headwinds across key segments. Persistent revenue softness limits operating leverage, constrains future margin expansion, and reduces the firm's ability to grow operating profit without structural improvements in sales or pricing.

Margin Compression Risk

Marginal deterioration in gross and net margins versus prior years erodes cushion against cost inflation and cyclical revenue drops. If margins continue to compress, long-term ROE and cash returns could weaken, pressuring reinvestment capacity and stakeholder payouts.

Only Moderate Cash Conversion

FCF covering ~63% of net income indicates working capital swings or capex needs limit realized cash. Structurally moderate cash conversion reduces flexibility to deleverage, fund growth or sustain high dividends during downturns without tapping external financing.

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

Astra makes money through a portfolio of operating businesses and investments across several segments. (1) Automotive: revenue is generated from the sale and distribution of motor vehicles (such as passenger cars and motorcycles) and related after-sales products and services, as well as the sale of automotive components and parts produced or distributed through its network. Earnings in this segment are driven by vehicle sales volumes, pricing/margins, and ongoing parts and service activity. (2) Financial services: revenue is earned primarily from financing activities (e.g., consumer financing and other credit products), where income is generated through interest and financing-related fees, and from insurance-related activities through premiums and investment/underwriting results. This segment is often supported by Astra’s automotive ecosystem, where financing and insurance can be bundled or cross-sold alongside vehicle purchases. (3) Heavy equipment, mining, construction and energy-related activities: revenue is generated from the sale and distribution of heavy equipment, provision of related services/parts, and from mining/energy operations (income tied to production volumes and commodity prices). (4) Agribusiness: revenue is generated from plantation and agribusiness operations, with earnings influenced by production yields and commodity pricing. (5) Infrastructure and logistics: revenue is generated from infrastructure-related investments and logistics services, typically through service fees and/or usage-based income depending on the asset or service. (6) Information technology: revenue is generated from IT solutions and services provided to customers. Across these segments, Astra’s earnings are influenced by Indonesia’s consumer demand and economic conditions, interest rates/credit quality in financing, commodity price cycles in resource-linked businesses, and its distribution networks and partnerships within its operating subsidiaries and affiliates. null

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: Negative
• 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 above the 20-day moving average (MA) of 7.38, below the 50-day MA of 7.79, and above the 200-day MA of 7.04, indicating a bearish trend. The MACD of -0.28 indicates Positive momentum. The RSI at 33.72 is Neutral, neither overbought nor oversold. The STOCH value of 0.44 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	$9.38B	13.20	34.97%	1.07%	-4.21%	-0.45%
PTAIY	72 Outperform	$13.84B	8.27	14.64%	5.73%	-1.51%	-7.16%
ALV	69 Neutral	$7.63B	9.90	29.57%	2.60%	0.84%	26.17%
LKQ	68 Neutral	$7.30B	12.73	9.42%	4.00%	-3.71%	-0.27%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
BWA	62 Neutral	$10.78B	35.20	4.80%	1.24%	0.08%	-83.69%
APTV	54 Neutral	$14.92B	101.80	1.78%	―	2.16%	-85.91%