ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintSite TitleTitle ChevronIcon Twitter
Finance

PT Bumi Serpong Damai Tbk

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.

Business Summary

PT Bumi Serpong Damai Tbk engages in the development of real estate properties. The company 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.

Financial Highlights

Dec 2019 IDRUSD
Revenue7,084.86B500.99M
Gross Profit4,996.80B353.34M
Operating income2,528.99B178.83M
Income before tax3,165.09B223.81M
Net income2,791.41B197.39M
EBITDA2,888.25B204.23M
Diluted EPS147.000.01
Dividends Per Share00
Total Assets54,444.84B3,921.83M
Total liabilities20,897.34B1,505.30M
Total equity29,149.45B2,099.72M
Operating cash flow2,557.65B180.86M
Currency in IDRCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 6,209.57B 6,602.95B 10,347.34B 6,628.78B 7,084.86B
Gross Profit 4,538.91B 4,613.81B 7,478.60B 4,643.36B 4,996.80B
Operating income 2,546.05B 2,445.48B 5,076.96B 2,021.68B 2,528.99B
Income before tax 2,362.08B 2,084.61B 5,228.12B 1,760.42B 3,165.09B
Net income 2,139.49B 1,815.32B 4,942.27B 1,293.85B 2,791.41B
EBITDA 2,748.23B 2,678.78B 5,384.46B 2,413.33B 2,888.25B
Diluted EPS 112.44 94.32 256.78 67.42 147.00
Dividends Per Share 5 5 0 0 0
Total Assets 36,022.14B 38,536.82B 45,951.18B 52,101.49B 54,444.84B
Total liabilities 13,925.45B 14,074.21B 16,754.33B 21,814.59B 20,897.34B
Total equity 18,849.52B 20,640.98B 25,341.47B 26,109.73B 29,149.45B
Operating cash flow -366,494.05M -609,804.97M 4,603.39B 1,122.84B 2,557.65B
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 463.49M 496.44M 773.24M 465.60M 500.99M
Gross Profit 338.79M 346.89M 558.86M 326.15M 353.34M
Operating income 190.04M 183.86M 379.39M 142.00M 178.83M
Income before tax 176.31M 156.73M 390.68M 123.65M 223.81M
Net income 159.69M 136.48M 369.32M 90.88M 197.39M
EBITDA 205.13M 201.40M 402.37M 169.51M 204.23M
Diluted EPS 0.00 0.00 0.01 0.00 0.01
Dividends Per Share 0.00 0.00 0 0 0
Total Assets 2,613.14M 2,860.40M 3,386.85M 3,623.19M 3,921.83M
Total liabilities 1,010.18M 1,044.66M 1,234.88M 1,517.00M 1,505.30M
Total equity 1,367.39M 1,532.08M 1,867.80M 1,815.69M 2,099.72M
Operating cash flow -27.35M -45.84M 344.00M 78.86M 180.86M

Valuation Measures

Dec 2019
PER8.53
ROA5.23%
ROE10.10%
Operating margin35.69%
Profit margin39.39%

Key executives

  • President Director: Franciscus Xaverius Darmali
  • Director: Syukur Lawigena
  • Director: Petrus Kusuma
  • Director: Hermawan Wijaya
  • Director: Monik William

Shareholders

  • Sinarmas Land Ltd. (46.8%)
  • PT Serasi Niaga Sakti (2.8%)
  • PT Simas Tunggal Centre (1.7%)
  • Norges Bank Investment Management (1.5%)
  • The Vanguard Group, Inc. (1.3%)
  • PT Bumi Serpong Damai Tbk (1.2%)
  • PT Metropolitan Transcities Indonesia (1.2%)
  • Eastspring Investments (Singapore) Ltd. (1.1%)
  • Dimensional Fund Advisors LP (0.7%)
  • PT Aneka Karya Amarta (0.7%)

Contact Details

  • Website:http://www.bsdcity.com
  • Address: Sinar Mas Land Plaza, Jl. Grand Boulevard, Tangerang, 15345, Indonesia
  • Phone: +62.21.5036.8368

Related Companies

  • PT Praba Selaras Pratama
  • PT Bumi Sentra Selaras
  • PT Trans Bumi Serbaraja
  • PT Bumi Lndah Asri
  • PT Duta Dharma Sinarmas
  • PT Wahana Swasa Utama
  • PT Satwika Cipta Lestari
  • PT Laksya Prima Lestari
  • Global Prime Capital Pte Ltd.
  • PT Bumi Tirta
  • PT Sinar Mas Teladan
  • PT Duta Pertiwi Tbk

Competitors

    Last Updated on 10 Aug, 2020

    You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

    Stay ahead with our exclusives on Asia;
    the most dynamic market in the world.

    Stay ahead with our exclusives on Asia

    Get trusted insights from experts within Asia itself.

    Get trusted insights from experts
    within Asia itself.

    Try 1 month for $0.99

    You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

    This is your last free article this month

    Stay ahead with our exclusives on Asia; the most
    dynamic market in the world
    .

    Get trusted insights from experts
    within Asia itself.

    Try 3 months for $9

    Offer ends July 31st

    Your trial period has expired

    You need a subscription to...

    • Read all stories with unlimited access
    • Use our mobile and tablet apps
    See all offers and subscribe

    Your full access to the Nikkei Asian Review has expired

    You need a subscription to:

    • Read all stories with unlimited access
    • Use our mobile and tablet apps
    See all offers
    NAR on print phone, device, and tablet media