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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 Jakarta Selatan, Indonesia.

Financial Highlights

Dec 2020 IDRUSD
Revenue35,171.66B2,418.67M
Gross Profit10,973.53B754.62M
Operating income5,664.63B389.54M
Income before tax3,488.65B239.90M
Net income2,792.32B192.02M
EBITDA9,088.92B625.02M
Diluted EPS470.750.03
Dividends Per Share188.300.01
Total Assets78,006.24B5,552.04M
Total liabilities42,352.90B3,014.44M
Total equity34,173.40B2,432.27M
Operating cash flow7,221.25B496.58M
Currency in IDRCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 26,134.30B 27,813.66B 30,687.62B 40,368.10B 35,171.66B
Gross Profit 9,681.01B 7,744.67B 9,157.93B 12,156.23B 10,973.53B
Operating income 4,967.80B 2,622.84B 4,777.11B 6,099.34B 5,664.63B
Income before tax 5,084.62B 2,253.89B 4,104.95B 3,195.77B 3,488.65B
Net income 4,521.59B 1,620.99B 3,079.11B 2,392.15B 2,792.32B
EBITDA 6,722.08B 4,684.69B 6,473.18B 8,612.91B 9,088.92B
Diluted EPS 762 273.28 519.11 403.29 470.75
Dividends Per Share 304.92 135.83 207.64 40.33 188.30
Total Assets 44,226.89B 49,068.65B 50,783.83B 79,807.06B 78,006.24B
Total liabilities 13,652.50B 19,022.61B 18,168.52B 45,915.14B 42,352.90B
Total equity 29,035.19B 28,521.97B 31,192.08B 32,276.81B 34,173.40B
Operating cash flow 5,195.76B 2,759.93B 4,459.34B 5,608.93B 7,221.25B
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 1,964.92M 2,078.47M 2,155.51M 2,854.56M 2,418.67M
Gross Profit 727.87M 578.74M 643.25M 859.60M 754.62M
Operating income 373.50M 196.00M 335.54M 431.30M 389.54M
Income before tax 382.29M 168.42M 288.33M 225.98M 239.90M
Net income 339.95M 121.13M 216.27M 169.15M 192.02M
EBITDA 505.40M 350.07M 454.68M 609.04M 625.02M
Diluted EPS 0.05 0.02 0.03 0.02 0.03
Dividends Per Share 0.02 0.01 0.01 0.00 0.01
Total Assets 3,282.75M 3,616.63M 3,531.56M 5,748.75M 5,552.04M
Total liabilities 1,013.36M 1,402.07M 1,263.45M 3,307.41M 3,014.44M
Total equity 2,155.14M 2,102.22M 2,169.12M 2,325.00M 2,432.27M
Operating cash flow 390.64M 206.24M 313.22M 396.62M 496.58M

Valuation Measures

Dec 2020
PER26.39
ROA3.53%
ROE8.40%
Operating margin16.10%
Profit margin7.93%

Key executives

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

Shareholders

  • Government of Indonesia (51.0%)
  • Invesco Advisers, Inc. (1.8%)
  • Schroder Investment Management (Hong Kong) Ltd. (1.6%)
  • The Vanguard Group, Inc. (1.4%)
  • Norges Bank Investment Management (1.2%)
  • APG Asset Management NV (1.0%)
  • Templeton Asset Management Ltd. (0.9%)
  • BlackRock Fund Advisors (0.9%)
  • JPMorgan Asset Management (Singapore) Ltd. (0.6%)
  • Dimensional Fund Advisors LP (0.5%)

Contact Details

  • Website:http://www.sig.id
  • Address: South Quarter, Tower A, Lt 19-20, Jl. R.A. Kartini Kav.8, Jakarta Selatan, 12430, Indonesia
  • Phone: +62.21.5261174

Related Companies

  • PT Sinergi Informatika Semen Indonesia
  • PT Sinergi Mitra Investama
  • PT Semen Indonesia Industri Bangunan
  • PT Semen Indonesia Aceh
  • 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
  • PT Solusi Bangun Indonesia Tbk

Competitors

  • PT Indocement Tunggal Prakarsa Tbk
  • Siam Cement Public Co. Ltd.
  • 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 27 Jul, 2021

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