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Krakatau Steel (A): Financial Performance

Trend Analysis

PT Gunawan Dianjaya Steel, Tbk.

Ratios
Revenue
Gross Profit margin
Operating Profit Margin
Net Profit Margin
COGS to Revenue
Operating Expenses to Revenue
Market
Earning per share
Book value per share
Return
Return on Asset (ROA)
Return on Equity (ROE)
Debt
Debt to Equity
Debt to Capital

PT Jaya Pari Steel, Tbk.

Ratios
Revenue
Gross Profit margin
Operating Profit Margin
Net Profit Margin
COGS to Revenue
Operating Expenses to Revenue
Market
Earning per share
Book value per share
Return
Return on Asset (ROA)
Return on Equity (ROE)
Debt
Debt to Equity
Debt to Capital

PT Krakatau Steel (Persero), Tbk.

 Ratios
Revenue
Gross Profit margin
Operating Profit Margin
Net Profit Margin
COGS to Revenue
Operating Expenses to Revenue
Market
Earning per share
Book value per share
Return
Return on Asset (ROA)
Return on Equity (ROE)
Debt
Debt to Equity
Debt to Capital

Growth Rate Comparison

Ratios

Revenue
Gross Profit margin
Operating Profit Margin
Net Profit Margin
COGS to Revenue
Operating Expenses to Revenue
Market
Earning per share
Book value per share
Return
Return on Asset (ROA)
Return on Equity (ROE)
Debt
Debt to Equity
Debt to Capital

BUMN Financial Scoring (2010)

Financial Indicators

Return on Equity (ROE) %

Return on Investment (ROI) %
Cash Ratio %
Current Ratio %
Collection period (days)
Inventory Turnover (days)
Total Asset Turnover %
Total Equity / Total Assets %
Total Score
Classification

DuPont Analysis (2010)

Ratios

Net Profit Margin

Total Asset Turnover
Financial Leverage Multiplier
Return on Equity
Ratios 2007 2008

Gross Profit / Revenue 21.00% 18.50%

Operating Profit / Revenue 14.90% 13.80%
Net Income / Revenue 7.80% 2.80%
COGS / Revenue 79.00% 81.50%
Operating expenses / Revenue 6.10% 4.70%

Net Income / Revenue 38.00 25.00

Equity / Shares Outstanding (2.44) 51.31

Net Income / Asset 18.00% 4.00%

Net Income / Equity -1558.10% 48.00%

Debt / Equity -8672.00% 1108.20%

Debt / Capital 101.20% 91.70%

Ratios 2007 2008

Gross Profit / Revenue 16.20% 15.70%

Operating Profit / Revenue 12.80% 13.40%
Net Income / Revenue 9.60% 6.70%
COGS / Revenue 83.80% 84.30%
Operating expenses / Revenue 3.40% 2.30%

Net Income / Revenue 55.40 65.50

Equity / Shares Outstanding 294.20 359.60

Net Income / Asset 15.50% 12.30%

Net Income / Equity 18.80% 18.20%

Debt / Equity 21.80% 48.10%

Debt / Capital 17.90% 32.50%
 Ratios 2007 2008

Gross Profit / Revenue 11.90% 13.20%

Operating Profit / Revenue 5.30% 6.60%
Net Income / Revenue 2.10% 2.20%
COGS / Revenue 88.10% 86.80%
Operating expenses / Revenue 6.60% 6.60%

Net Income / Revenue 31.00 46.00

Equity / Shares Outstanding 507.40 544.00

Net Income / Asset 2.80% 3.00%

Net Income / Equity 6.20% 8.40%

Debt / Equity 119.10% 182.60%

Debt / Capital 54.40% 64.60%

PT Gunawan Dianjaya
Ratios PT Jaya Pari Steel, Tbk.
Steel, Tbk.

Gross Profit / Revenue -6.08% -7.07%

Operating Profit / Revenue -6.70% -11.08%
Net Income / Revenue 8.63% -11.74%
COGS / Revenue 1.50% 1.26%
Operating expenses / Revenue -4.58% 5.57%

Net Income / Revenue -17.94% -11.86%

Equity / Shares Outstanding -418.86% 10.80%

Net Income / Asset -3.85% -23.64%

Net Income / Equity -125.72% -20.35%

Debt / Equity -119.71% 19.28%

Debt / Capital -26.67% 14.68%

PT Gunawan Dianjaya Steel, Tbk.

nancial Indicators
Value Score
Net Income / Equity 26.50% 20.00
Net Income / Asset 30.62% 15.00
 Cash / Current Liability 0.90% -
Current Asset / Current Liability 169.00% 5.00
Account Receivable / Average Sales per Day 19.00 5.00
Inventory / Average COGS per Day 119.00 4.00
Revenue / Total Asset 159.10% 5.00
Total Equity / Total Assets 60.10% 8.00
Total Score 62.00
Classification AA

PT Gunawan Dianjaya
Ratios Steel, Tbk. PT Jaya Pari Steel, Tbk.

Net Income / Revenue 10.00% 6.60%

Revenue / Total Asset 159.10% 104.00%
Total Asset / Total Equity 166.00% 137.00%
Net Income / Total Equity 26.41% 9.40%

DuPont
200.00%

180.00%

160.00%

140.00%

120.00%

100.00%

80.00%

60.00%

40.00%

20.00%

0.00%
PT Gunawan Dianjaya Steel, Tbk. PT Jaya Pari Steel, Tbk.

Net Profit Margin Total Asset Turnover Financial Leverage M

2009 2010 CAGR

-11.40% 17.40% -6.08%

-16.70% 12.10% -6.70%
-9.10% 10.00% 8.63%
111.40% 82.60% 1.50%
5.20% 5.30% -4.58%

(26.00) 21.00 -17.94%

82.10 79.10 -418.86%

-15.50% 16.00% -3.85%

-31.60% 26.50% -125.72%

104.70% 66.40% -119.71%

51.10% 39.90% -26.67%

2009 2010 CAGR

11.70% 13.00% -7.07%

6.70% 9.00% -11.08%
0.60% 6.60% -11.74%
88.30% 87.00% 1.26%
5.00% 4.00% 5.57%

2.60 37.93 -11.86%

362.30 400.20 10.80%

0.50% 6.90% -23.64%

0.70% 9.50% -20.35%

30.30% 37.00% 19.28%

23.20% 27.00% 14.68%
 2009 2010 CAGR

7.00% 15.00% 8.02%

0.20% 6.70% 8.13%
2.90% 7.20% 50.79%
93.00% 85.00% -1.19%
6.90% 8.40% 8.37%

49.00 81.00 37.73%

580.60 708.40 11.77%

3.90% 6.00% 28.92%

8.50% 11.40% 22.51%

120.40% 89.20% -9.19%

54.60% 47.10% -4.69%

PT Krakatau Steel
(Persero), Tbk. Rev
60.00%
8.02%
8.13% 50.00%
50.79%
-1.19% 40.00%
8.37%
30.00%
37.73%
11.77% 20.00%

10.00%
28.92%
22.51%
0.00%
Gross Profit margin Operating Profit
Margin
-9.19%
-10.00%
-4.69%
-20.00%

PT Gunawan Dianjaya Steel, Tbk. PT

PT Jaya Pari Steel, Tbk. PT Krakatau Steel (Persero), Tbk.

Value Score Value Score
9.48% 14.00 11.40% 16.00
10.60% 9.00 13.80% 12.00
 12.20% 2.00 60.50% 5.00
276.80% 5.00 177.30% 5.00
80.00 4.50 29.00 5.00
100.00 4.00 161.00 3.00
104.00% 4.00 84.50% 3.50
73.00% 7.50 52.90% 8.50
50.00 58.00
A AA

PT Krakatau Steel
(Persero), Tbk.
7.20%
84.50%
189.00%
11.50%

DuPont

PT Jaya Pari Steel, Tbk. PT Krakatau Steel (Persero), Tbk.

et Turnover Financial Leverage Multiplier Return on Equity

 Revenue Ratios
100.00%

0.00%
Earning per sha

-100.00%

-200.00%

-300.00%

n Operating Profit Net Profit Margin COGS to Revenue Operating Expenses to

Margin Revenue -400.00%

-500.00%

an Dianjaya Steel, Tbk. PT Jaya Pari Steel, Tbk. PT Krakatau Steel (Persero), Tbk. PT Gunawan Dianjaya Steel,

PT Gunawan Dianjaya Steel, PT Krakatau Steel

PT Jaya Pari Steel, Tbk.
Tbk. (Persero), Tbk.
20.00 14.00 16.00
15.00 9.00 12.00
 - 2.00 5.00
5.00 5.00 5.00
5.00 4.50 5.00
4.00 4.00 3.00
5.00 4.00 3.50
8.00 7.50 8.50
62.00 50.00 58.00
 Market Ratios
% 40.00%

20.00%
%
Earning per share Book value per share
0.00%
Retu
% -20.00%

-40.00%
%
-60.00%

% -80.00%

-100.00%
%
-120.00%

% -140.00%

PT Gunawan Dianjaya Steel, Tbk. PT Jaya Pari Steel, Tbk. PT Krakatau Steel (Persero), Tbk. PT Gunawan Di

BUMN Scoring
70

60

50
 BUMN Scoring
70

60

50

40

30

20

10

0
Return on Return on Cash Ratio Current Collection Inventory Total Asset Total Equity Total Score
Equity Investment % Ratio % period Turnover Turnover % / Total
(ROE) % (ROI) % (days) (days) Assets %

PT Gunawan Dianjaya Steel, Tbk. PT Jaya Pari Steel, Tbk. PT Krakatau Steel (Persero), Tbk.
 Return Ratios
40.00% 40.00%

20.00% 20.00%

0.00% 0.00%
Return on Asset (ROA) Return on Equity (ROE)
-20.00% -20.00%

-40.00% -40.00%

-60.00% -60.00%

-80.00% -80.00%

-100.00% -100.00%

-120.00% -120.00%

-140.00% -140.00%

PT Gunawan Dianjaya Steel, Tbk. PT Jaya Pari Steel, Tbk. PT Krakatau Steel (Persero), Tbk. PT Gunaw
Asset Total Equity Total Score
ver % / Total
Assets %

(Persero), Tbk.
 Debt Ratios
40.00%

20.00%

0.00%
Debt to Equity Debt to Capital
-20.00%

-40.00%

-60.00%

-80.00%

-100.00%

-120.00%

-140.00%

PT Gunawan Dianjaya Steel, Tbk. PT Jaya Pari Steel, Tbk. PT Krakatau Steel (Persero), Tbk.