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Non-Energy Minerals

PT Semen Indonesia (Persero) Tbk

Company Background

State-owned Semen Indonesia is Indonesia's largest cement producer. The company claims more than a 40% market share and produced 25 million tons of cement in 2013. It also has mineral mining and real estate businesses. Previously known as Semen Gresik, Semen Indonesia was the first state-owned company to go public in Indonesia. In 1991, it listed its shares on the Jakarta Stock Exchange and Surabaya Stock Exchange, which later merged to form the Indonesia Stock Exchange.

Dwi Soetjipto, who joined the company's subsidiary, Semen Padang, in 1981, was appointed president of Semen Indonesia in 2005. He will complete his second five-year term in 2015. During his tenure, Semen Indonesia has stepped up efforts to expand into neighboring markets, acquiring a cement producer in Vietnam in 2012. The move was praised as one of the first major overseas acquisitions by a state-owned company. Semen Indonesia also plans to set up a factory in Myanmar.

Business Summary

PT Semen Indonesia (Persero) Tbk engages in the production and distribution of cement. It operates through Cement Production and Non-Cement Production segments. The Cement Production segment manufactures and support cement production. The Non-Cement Production segment consist of limestone and clay mining, cement bag manufacturing, industrial real estate, readymix concrete, IT services, logistics, and trading. The company was founded on March 25, 1953 and is headquartered in Gresik, Indonesia.

Financial Highlights

Dec 2018 IDRUSD
Revenue30,687.62B2,155.51M
Gross Profit9,147.34B642.51M
Operating income4,766.53B334.80M
Income before tax4,104.95B288.33M
Net income3,079.11B216.27M
EBITDA6,470.68B454.50M
Diluted EPS519.110.03
Dividends Per Share207.640.01
Total Assets51,155.89B3,557.43M
Total liabilities18,419.59B1,280.91M
Total equity31,192.08B2,169.12M
Operating cash flow4,462.46B313.44M
Currency in IDRCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 26,987.03B 26,948.00B 26,134.30B 27,813.66B 30,687.62B
Gross Profit 11,428.59B 10,469.92B 9,681.01B 7,744.67B 9,147.34B
Operating income 6,936.30B 5,888.88B 4,967.80B 2,622.84B 4,766.53B
Income before tax 7,077.27B 5,850.92B 5,084.62B 2,253.89B 4,104.95B
Net income 5,559.90B 4,521.49B 4,521.59B 1,620.99B 3,079.11B
EBITDA 8,288.09B 7,414.00B 6,722.08B 4,684.69B 6,470.68B
Diluted EPS 937 762 762 273.28 519.11
Dividends Per Share 375.34 304.91 304.92 135.83 207.64
Total Assets 34,331.67B 38,153.11B 44,226.89B 49,068.65B 51,155.89B
Total liabilities 9,326.74B 10,712.32B 13,652.50B 19,022.61B 18,419.59B
Total equity 24,046.46B 26,419.54B 29,035.19B 28,521.97B 31,192.08B
Operating cash flow 6,258.31B 7,300.93B 5,195.76B 2,759.93B 4,462.46B
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 2,274.73M 2,011.45M 1,964.92M 2,078.47M 2,155.51M
Gross Profit 963.31M 781.49M 727.87M 578.74M 642.51M
Operating income 584.66M 439.55M 373.50M 196.00M 334.80M
Income before tax 596.54M 436.72M 382.29M 168.42M 288.33M
Net income 468.64M 337.49M 339.95M 121.13M 216.27M
EBITDA 698.60M 553.39M 505.40M 350.07M 454.50M
Diluted EPS 0.07 0.05 0.05 0.02 0.03
Dividends Per Share 0.03 0.02 0.02 0.01 0.01
Total Assets 2,772.03M 2,767.72M 3,282.75M 3,616.63M 3,557.43M
Total liabilities 753.06M 777.09M 1,013.36M 1,402.07M 1,280.91M
Total equity 1,941.57M 1,916.54M 2,155.14M 2,102.22M 2,169.12M
Operating cash flow 527.51M 544.95M 390.64M 206.24M 313.44M

Valuation Measures

Dec 2018
PER22.15
ROA6.14%
ROE10.31%
Operating margin15.53%
Profit margin10.03%

Key executives

  • President Director: Hendi Prio Santoso
  • President Director & Finance Director: Doddy Sulasmono Diniawan
  • Director-Business Strategy & Development: Fadjar Judisiawan
  • Director-Engineering & Project: Tri Abdisatrijo
  • Director-Production: Benny Wendry

Shareholders

  • Government of Indonesia (51.0%)
  • The Vanguard Group, Inc. (1.7%)
  • Invesco Advisers, Inc. (1.5%)
  • Templeton Asset Management Ltd. (1.3%)
  • BlackRock Fund Advisors (0.9%)
  • APG Asset Management NV (0.8%)
  • Lazard Asset Management LLC (0.8%)
  • Norges Bank Investment Management (0.7%)
  • Dimensional Fund Advisors LP (0.7%)
  • FIL Investment Management (Hong Kong) Ltd. (0.6%)

Contact Details

Related Companies

  • PT Varia Usaha
  • PT Semen Gresik
  • PT Krakatau Semen Indonesia
  • PT Semen Indonesia Beton
  • PT Semen Indonesia Logistik
  • Thang Long Cement JSC
  • PT Semen Tonasa
  • PT Semen Padang

Competitors

  • PT Indocement Tunggal Prakarsa Tbk
  • Siam Cement Public Co. Ltd.
  • PT Solusi Bangun Indonesia Tbk
  • Anhui Conch Cement Company Limited Class H
  • PT Semen Baturaja (Persero) Tbk Class B
  • PT Panasia Indo Resources Tbk
  • Nava Bharat Ventures Limited
Last Updated on 20 Sep, 2019

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