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Non-Energy Minerals

PT Semen Indonesia (Persero) Tbk

  • 8,050.00 IDR
  • +450.00
  • +5.92%
  • Indonesia
    Aug 14, 2018
  • Ticker
    JKT(SMGR)
  • Prev. close
    7,600
  • Market cap (IDR)
    45,079.55B
  • Market cap (USD)
    3,091.87M
  • Shares
    5,931.52M

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 the following segments: Cement Production and Non-Cement Production. The Cement Production segment manufactures and trades different types of cement. The Non-Cement Production segment consists of limestone and clay mining, cement packing production, industrial region development and ready-to-use concrete as well as other segments. The company was founded on March 25, 1953 and is headquartered in Gresik, Indonesia.

Financial Highlights

Dec 2017 IDRUSD
Revenue27,813.66B2,078.47M
Gross Profit7,744.67B578.74M
Operating income3,115.50B232.81M
Income before tax2,746.54B205.24M
Net income2,014.01B150.50M
EBITDA5,177.34B386.89M
Diluted EPS3400.02
Dividends Per Share135.830.01
Total Assets48,963.50B3,608.88M
Total liabilities18,524.45B1,365.35M
Total equity28,914.99B2,131.19M
Operating cash flow2,745.18B205.14M
Currency in IDRCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 24,501.24B 26,987.03B 26,948.00B 26,134.30B 27,813.66B
Gross Profit 10,812.72B 11,428.59B 10,469.92B 9,681.01B 7,744.67B
Operating income 6,968.92B 6,936.30B 5,888.88B 4,967.80B 3,115.50B
Income before tax 6,885.85B 7,077.27B 5,850.92B 5,084.62B 2,746.54B
Net income 5,370.24B 5,559.90B 4,521.49B 4,521.59B 2,014.01B
EBITDA 8,099.03B 8,288.09B 7,414.00B 6,722.08B 5,177.34B
Diluted EPS 905 937 762 762 340
Dividends Per Share 407.42 375.34 304.91 304.92 135.83
Total Assets 30,792.88B 34,331.67B 38,153.11B 44,226.89B 48,963.50B
Total liabilities 8,988.90B 9,326.74B 10,712.32B 13,652.50B 18,524.45B
Total equity 20,882.54B 24,046.46B 26,419.54B 29,035.19B 28,914.99B
Operating cash flow 6,058.39B 6,258.31B 7,300.93B 5,195.76B 2,745.18B
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 2,345.06M 2,274.73M 2,011.45M 1,964.92M 2,078.47M
Gross Profit 1,034.90M 963.31M 781.49M 727.87M 578.74M
Operating income 667.01M 584.66M 439.55M 373.50M 232.81M
Income before tax 659.06M 596.54M 436.72M 382.29M 205.24M
Net income 513.99M 468.64M 337.49M 339.95M 150.50M
EBITDA 775.17M 698.60M 553.39M 505.40M 386.89M
Diluted EPS 0.08 0.07 0.05 0.05 0.02
Dividends Per Share 0.03 0.03 0.02 0.02 0.01
Total Assets 2,530.22M 2,772.03M 2,767.72M 3,282.75M 3,608.88M
Total liabilities 738.61M 753.06M 777.09M 1,013.36M 1,365.35M
Total equity 1,715.90M 1,941.57M 1,916.54M 2,155.14M 2,131.19M
Operating cash flow 579.86M 527.51M 544.95M 390.64M 205.14M

Valuation Measures

Dec 2017
PER29.11
ROA4.32%
ROE6.95%
Operating margin11.20%
Profit margin7.24%

Key executives

  • President Director: Hendi Prio Santoso
  • Finance Director: Fadjar Judisiawan
  • Director-Business Strategy & Business Development: Doddy Sulasmono Diniawan
  • Director-Marketing & Supply Chain: Ahyanizzaman
  • Head-Internal Audit: Tubagus M. Dharury

Shareholders

  • Government of Indonesia (51.0%)
  • Lazard Asset Management LLC (2.6%)
  • Templeton Asset Management Ltd. (Hong Kong) (1.7%)
  • The Vanguard Group, Inc. (1.6%)
  • Fidelity Management & Research Co. (1.0%)
  • BlackRock Fund Advisors (0.9%)
  • Morgan Stanley Investment Management, Inc. (0.9%)
  • Norges Bank Investment Management (0.8%)
  • APG Asset Management NV (0.7%)
  • Dimensional Fund Advisors LP (0.7%)

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 Semen Baturaja (Persero) Tbk Class B
  • LafargeHolcim Ltd.
  • Anhui Conch Cement Company Limited Class H
  • Pan Asia Corporation Limited
Last Updated on 14 Aug, 2018

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