Asia300

PT Bumi Serpong Damai Tbk

Indonesia

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Mar 24, 2017
Prev close: 1,865
Mar 24, 2017
Market cap:
Market cap(USD):
35,895.1B
2,693.51M
Shares: 19,246.7M

Currency in IDR

Company profile

Market(Ticker): JKT(BSDE)
Sector:
Industry:
Finance
Real Estate Development
Full time employees: 2,224

Business summary

PT Bumi Serpong Damai Tbk engages in the real estate development business. The firm operates through the following segments: Real Estate, Property, Hotel, and Others. Its main project is the BSD City, which includes commercial, residential, and office and retail rental properties. The company was founded on January 16, 1984 and is headquartered in Tangerang, Indonesia.

Company background

Bumi Serpong Damai (BSD) is the Indonesia-listed property unit of Sinar Mas Group, a Chinese-Indonesian conglomerate with interests in palm oil, paper and banking. The majority of BSD's shares are indirectly owned by Singapore-listed Sinar Mas Land. BSD is Indonesia's biggest property developer by market capitalization.

Since 1989, the company has been developing BSD City, a satellite town in the outskirts of Jakarta with residential properties, malls, hotels and office buildings. BSD City currently covers 1,300 hectares of land, and BSD plans to develop 4,700 hectares by 2035.

Muktar Widjaja, the company's president, is the son of Eka Tjipta Widjaja, the founder of Sinar Mas Group. Eka Tjipta's grandson Michael Widjaja serves as vice president. The Widjajas are one of the wealthiest families in Indonesia.

BSD has been strengthening its partnership with Hongkong Land, a multinational property developer controlled by Asian conglomerate Jardine Matheson. Last year, the two developers joined forces to launch a residential block in the heart of BSD City.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 6,521.77B
Gross profit 4,681.46B
Operating income 2,476.07B
Income before tax 2,065.44B
Net income 1,796.15B
EBITDA --
Diluted EPS --
Dividends per share 0
Total assets 38,292.20B
Total liabilities 13,939.29B
Total equity 20,580.64B
Operating cash flow -609,804M

Currency in IDR

Revenue 463.49M
Gross profit 338.79M
Operating income 216.40M
Income before tax 202.67M
Net income 159.69M
EBITDA 231.49M
Diluted EPS 0.00
Dividends per share 0.00
Total assets 2,613.14M
Total liabilities 1,010.18M
Total equity 1,367.39M
Operating cash flow -27.35M

Currency in USD

Valuation measures

Dec 2016

PER 18.80
ROA 4.83%
ROE 9.11%
Operating margin 37.96%
Profit margin 27.54%

Key executive

  • President Director: Franciscus Xaverius Darmali
  • Independent Director & Head-Operational: Monik William
  • Director & Head-Finance: Lie Jani Harjanto
  • Director, Head-Technical & Planning: Syukur Lawigena
  • Director, Head-Administration & Land: Petrus Kusuma

Share holders

  • Sinarmas Land Ltd.(26.5%)
  • PT Ekacentra Usahamaju(26.4%)
  • PT Serasi Niaga Sakti(3.1%)
  • PT Metropolitan Transcities Indonesia(2.6%)
  • PT Simas Tunggal Centre(1.9%)
  • PT Aneka Karya Amarta(1.6%)
  • The Vanguard Group, Inc.(1.3%)
  • Norges Bank Investment Management(1.3%)
  • PT Pembangunan Jaya(0.9%)
  • Dimensional Fund Advisors LP(0.8%)

Address

  • Website: http://www.bsdcity.com
  • Address: Sinar Mas Land Plaza, Grand Boulevard, Tangerang, 15345, Indonesia
  • Phone: +62.21.50.368.368

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