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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. It operates through the following segments: Real Estate, Property, Hotel, and Others. Its projects 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 2020 IDRUSD
Revenue6,180.58B425.02M
Gross Profit4,179.53B287.41M
Operating income2,023.06B139.12M
Income before tax496,216.73M34.12M
Net income281,700.88M19.37M
EBITDA2,419.93B166.41M
Diluted EPS14.110.00
Dividends Per Share00
Total Assets60,862.92B4,331.88M
Total liabilities26,391.82B1,878.42M
Total equity30,119.33B2,143.72M
Operating cash flow1,106.91B76.12M
Currency in IDRCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 6,602.95B 10,347.34B 6,628.78B 7,084.86B 6,180.58B
Gross Profit 4,613.81B 7,478.60B 4,643.36B 4,996.80B 4,179.53B
Operating income 2,445.48B 5,076.96B 2,021.68B 2,559.65B 2,023.06B
Income before tax 2,084.61B 5,228.12B 1,760.42B 3,173.27B 496,216.73M
Net income 1,815.32B 4,942.27B 1,293.85B 2,791.41B 281,700.88M
EBITDA 2,678.78B 5,384.46B 2,413.33B 2,918.91B 2,419.93B
Diluted EPS 94.32 256.78 67.42 147.00 14.11
Dividends Per Share 5 0 0 0 0
Total Assets 38,536.82B 45,951.18B 52,101.49B 54,540.97B 60,862.92B
Total liabilities 14,074.21B 16,754.33B 21,814.59B 20,915.56B 26,391.82B
Total equity 20,640.98B 25,341.47B 26,109.73B 29,227.36B 30,119.33B
Operating cash flow -609,804.97M 4,603.39B 1,122.84B 2,557.77B 1,106.91B
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 496.44M 773.24M 465.60M 500.99M 425.02M
Gross Profit 346.89M 558.86M 326.15M 353.34M 287.41M
Operating income 183.86M 379.39M 142.00M 181.00M 139.12M
Income before tax 156.73M 390.68M 123.65M 224.39M 34.12M
Net income 136.48M 369.32M 90.88M 197.39M 19.37M
EBITDA 201.40M 402.37M 169.51M 206.40M 166.41M
Diluted EPS 0.00 0.01 0.00 0.01 0.00
Dividends Per Share 0.00 0 0 0 0
Total Assets 2,860.40M 3,386.85M 3,623.19M 3,928.75M 4,331.88M
Total liabilities 1,044.66M 1,234.88M 1,517.00M 1,506.61M 1,878.42M
Total equity 1,532.08M 1,867.80M 1,815.69M 2,105.33M 2,143.72M
Operating cash flow -45.84M 344.00M 78.86M 180.86M 76.12M

Valuation Measures

Dec 2020
PER86.75
ROA0.48%
ROE0.94%
Operating margin32.73%
Profit margin4.55%

Key executives

  • President Director: Franciscus Xaverius Darmali
  • Operational Director: Monik William
  • Financial Director: Lie Jani Harjanto
  • Director-Land & Administration: Petrus Kusuma
  • Director-Business Development: Syukur Lawigena

Shareholders

  • Sinarmas Land Ltd. (57.4%)
  • PT Serasi Niaga Sakti (2.8%)
  • Norges Bank Investment Management (2.1%)
  • PT Simas Tunggal Centre (1.7%)
  • The Vanguard Group, Inc. (1.2%)
  • PT Bumi Serpong Damai Tbk (1.2%)
  • PT Metropolitan Transcities Indonesia (1.2%)
  • PT Schroder Investment Management Indonesia (1.1%)
  • PT Aneka Karya Amarta (0.7%)
  • BlackRock Fund Advisors (0.6%)

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

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