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Finance

PT Bumi Serpong Damai Tbk

  • 1,435.00 IDR
  • -10.00
  • -0.69%
  • Indonesia
    Apr 18, 2019
  • Ticker
    JKT(BSDE)
  • Prev. close
    1,445
  • Market cap (IDR)
    27,811.50B
  • Market cap (USD)
    1,980.52M
  • Shares
    19,246.70M

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 2018 IDRUSD
Revenue6,628.78B465.60M
Gross Profit4,643.36B326.15M
Operating income2,021.68B142.00M
Income before tax1,760.42B123.65M
Net income1,293.85B90.88M
EBITDA2,413.33B169.51M
Diluted EPS67.420.00
Dividends Per Share00
Total Assets52,101.49B3,623.19M
Total liabilities21,814.59B1,517.00M
Total equity26,109.73B1,815.69M
Operating cash flow1,122.84B78.86M
Currency in IDRCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 5,613.89B 6,209.57B 6,602.95B 10,347.34B 6,628.78B
Gross Profit 4,113.24B 4,538.91B 4,613.81B 7,478.60B 4,643.36B
Operating income -- -- -- -- 2,021.68B
Income before tax 4,303.84B 2,362.08B 2,084.61B 5,228.12B 1,760.42B
Net income 3,818.36B 2,139.49B 1,815.32B 4,942.27B 1,293.85B
EBITDA -- -- -- 5,367.40B 2,413.33B
Diluted EPS 211.19 112.44 94.32 256.79 67.42
Dividends Per Share 15 5 5 0 0
Total Assets 28,206.85B 36,022.14B 38,536.82B 45,951.18B 52,101.49B
Total liabilities 9,766.68B 13,925.45B 14,074.21B 16,754.33B 21,814.59B
Total equity 15,348.60B 18,849.52B 20,640.98B 25,341.47B 26,109.73B
Operating cash flow 216,268.45M -366,494.05M -609,804.97M 4,603.39B 1,122.84B
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 473.19M 463.49M 496.44M 773.24M 465.60M
Gross Profit 346.70M 338.79M 346.89M 558.86M 326.15M
Operating income -- -- -- -- 142.00M
Income before tax 362.77M 176.31M 156.73M 390.68M 123.65M
Net income 321.84M 159.69M 136.48M 369.32M 90.88M
EBITDA -- -- -- 401.09M 169.51M
Diluted EPS 0.01 0.00 0.00 0.01 0.00
Dividends Per Share 0.00 0.00 0.00 0 0
Total Assets 2,277.50M 2,613.14M 2,860.40M 3,386.85M 3,623.19M
Total liabilities 788.59M 1,010.18M 1,044.66M 1,234.88M 1,517.00M
Total equity 1,239.28M 1,367.39M 1,532.08M 1,867.80M 1,815.69M
Operating cash flow 18.22M -27.35M -45.84M 344.00M 78.86M

Valuation Measures

Dec 2018
PER18.61
ROA2.63%
ROE5.02%
Operating margin30.49%
Profit margin19.51%

Key executives

  • President Director: Franciscus Xaverius Darmali
  • Operations Director: Syukur Lawigena
  • Finance Director: Lie Jani Harjanto
  • Director-Administration & Land: Petrus Kusuma
  • Director: Hermawan Wijaya

Shareholders

  • Sinarmas Land Ltd. (51.5%)
  • PT Serasi Niaga Sakti (3.1%)
  • PT Simas Tunggal Centre (1.9%)
  • The Vanguard Group, Inc. (1.6%)
  • PT Bumi Serpong Damai Tbk (1.3%)
  • PT Metropolitan Transcities Indonesia (1.3%)
  • Norges Bank Investment Management (1.1%)
  • Eastspring Investments (Singapore) Ltd. (1.0%)
  • BlackRock Fund Advisors (1.0%)
  • Dimensional Fund Advisors LP (0.8%)

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 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

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