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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 is engaged in the development of real estate properties. The firm 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 2021 IDRUSD
Revenue7,654.80B535.49M
Gross Profit4,676.50B327.14M
Operating income2,421.88B169.42M
Income before tax1,547.00B108.22M
Net income1,348.62B94.34M
EBITDA2,855.10B199.72M
Diluted EPS64.480.00
Dividends Per Share00
Total Assets61,469.71B4,312.90M
Total liabilities25,575.99B1,794.49M
Total equity31,455.60B2,207.02M
Operating cash flow2,887.01B201.96M
Currency in IDRCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 10,347.34B 6,628.78B 7,084.86B 6,180.58B 7,654.80B
Gross Profit 7,478.60B 4,643.36B 4,996.80B 4,179.53B 4,676.50B
Operating income 5,076.96B 2,021.68B 2,559.65B 2,023.06B 2,421.88B
Income before tax 5,228.12B 1,760.42B 3,173.27B 496,216.73M 1,547.00B
Net income 4,942.27B 1,293.85B 2,791.41B 281,700.88M 1,348.62B
EBITDA 5,384.46B 2,413.33B 2,918.91B 2,419.93B 2,855.10B
Diluted EPS 256.78 67.42 147.00 14.11 64.48
Dividends Per Share 0 0 0 0 0
Total Assets 45,951.18B 52,101.49B 54,540.97B 60,862.92B 61,469.71B
Total liabilities 16,754.33B 21,814.59B 20,915.56B 26,391.82B 25,575.99B
Total equity 25,341.47B 26,109.73B 29,227.36B 30,119.33B 31,455.60B
Operating cash flow 4,603.39B 1,122.84B 2,557.77B 1,106.91B 2,887.01B
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 773.24M 465.60M 500.99M 425.02M 535.49M
Gross Profit 558.86M 326.15M 353.34M 287.41M 327.14M
Operating income 379.39M 142.00M 181.00M 139.12M 169.42M
Income before tax 390.68M 123.65M 224.39M 34.12M 108.22M
Net income 369.32M 90.88M 197.39M 19.37M 94.34M
EBITDA 402.37M 169.51M 206.40M 166.41M 199.72M
Diluted EPS 0.01 0.00 0.01 0.00 0.00
Dividends Per Share 0 0 0 0 0
Total Assets 3,386.85M 3,623.19M 3,928.75M 4,331.88M 4,312.90M
Total liabilities 1,234.88M 1,517.00M 1,506.61M 1,878.42M 1,794.49M
Total equity 1,867.80M 1,815.69M 2,105.33M 2,143.72M 2,207.02M
Operating cash flow 344.00M 78.86M 180.86M 76.12M 201.96M

Valuation Measures

Dec 2021
PER15.66
ROA2.20%
ROE4.38%
Operating margin31.63%
Profit margin17.61%

Key executives

  • President Director: Franciscus Xaverius Darmali
  • Operational Director: Monik William
  • Financial Director: Lie Jani Harjanto
  • Director-Business Development: Syukur Lawigena
  • Director: Siswanto Adisaputro

Shareholders

  • Sinarmas Land Ltd. (59.7%)
  • Pt Karunia Agro Semesta (3.1%)
  • Norges Bank Investment Management (1.9%)
  • The Vanguard Group, Inc. (1.4%)
  • PT Bumi Serpong Damai Tbk (1.2%)
  • PT Schroder Investment Management Indonesia (1.1%)
  • BlackRock Fund Advisors (0.6%)
  • Dimensional Fund Advisors LP (0.5%)
  • WIDJAJA MUKTAR (0.5%)
  • Eastspring Investments (Singapore) Ltd. (0.2%)

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

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  • Global Prime Capital Pte Ltd.
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Competitors

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