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Finance

PT Bumi Serpong Damai Tbk

  • 1,240.00 IDR
  • +40.00
  • +3.33%
  • Indonesia
    Aug 14, 2018
  • Ticker
    JKT(BSDE)
  • Prev. close
    1,200
  • Market cap (IDR)
    23,096.03B
  • Market cap (USD)
    1,584.09M
  • Shares
    19,246.69M

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 real estate development business. 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 2017 IDRUSD
Revenue10,347.34B773.24M
Gross Profit7,478.60B558.86M
Operating income5,059.90B378.11M
Income before tax5,228.12B390.68M
Net income4,942.27B369.32M
EBITDA5,367.40B401.09M
Diluted EPS256.790.01
Dividends Per Share00
Total Assets45,951.18B3,386.85M
Total liabilities16,754.33B1,234.88M
Total equity25,341.47B1,867.80M
Operating cash flow4,603.39B344.00M
Currency in IDRCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 5,741.26B 5,613.89B 6,209.57B 6,602.95B 10,347.34B
Gross Profit 4,114.60B 4,113.24B 4,538.91B 4,613.81B 7,478.60B
Operating income 2,906.43B 2,663.14B 2,546.05B 2,445.48B 5,059.90B
Income before tax 3,231.81B 4,303.84B 2,362.08B 2,084.61B 5,228.12B
Net income 2,691.39B 3,818.36B 2,139.49B 1,815.32B 4,942.27B
EBITDA 2,999.53B 2,791.12B 2,748.23B 2,678.78B 5,367.40B
Diluted EPS 153.82 211.19 112.44 94.32 256.79
Dividends Per Share 15 15 5 5 0
Total Assets 22,572.15B 28,206.85B 36,022.14B 38,536.82B 45,951.18B
Total liabilities 9,156.86B 9,766.68B 13,925.45B 14,074.21B 16,754.33B
Total equity 10,224.22B 15,348.60B 18,849.52B 20,640.98B 25,341.47B
Operating cash flow 632,198.27M 216,268.45M -366,494.05M -609,804.97M 4,603.39B
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 549.50M 473.19M 463.49M 496.44M 773.24M
Gross Profit 393.81M 346.70M 338.79M 346.89M 558.86M
Operating income 278.18M 224.47M 190.04M 183.86M 378.11M
Income before tax 309.32M 362.77M 176.31M 156.73M 390.68M
Net income 257.59M 321.84M 159.69M 136.48M 369.32M
EBITDA 287.09M 235.26M 205.13M 201.40M 401.09M
Diluted EPS 0.01 0.01 0.00 0.00 0.01
Dividends Per Share 0.00 0.00 0.00 0.00 0
Total Assets 1,854.73M 2,277.50M 2,613.14M 2,860.40M 3,386.85M
Total liabilities 752.41M 788.59M 1,010.18M 1,044.66M 1,234.88M
Total equity 840.11M 1,239.28M 1,367.39M 1,532.08M 1,867.80M
Operating cash flow 60.50M 18.22M -27.35M -45.84M 344.00M

Valuation Measures

Dec 2017
PER6.62
ROA11.69%
ROE21.49%
Operating margin48.90%
Profit margin47.76%

Key executives

  • 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

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 Metropolitan Transcities Indonesia (1.3%)
  • Norges Bank Investment Management (1.1%)
  • Morgan Stanley Investment Management, Inc. (0.8%)
  • PT Aneka Karya Amarta (0.8%)
  • Dimensional Fund Advisors LP (0.8%)
  • BlackRock Fund Advisors (0.8%)

Contact Details

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

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

    Last Updated on 14 Aug, 2018

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