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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 2019 IDRUSD
Revenue40,368.10B2,854.56M
Gross Profit12,156.23B859.60M
Operating income6,099.34B431.30M
Income before tax3,195.77B225.98M
Net income2,392.15B169.15M
EBITDA8,612.91B609.04M
Diluted EPS403.290.02
Dividends Per Share40.330.00
Total Assets79,807.06B5,748.75M
Total liabilities45,915.14B3,307.41M
Total equity32,276.81B2,325.00M
Operating cash flow5,608.93B396.62M
Currency in IDRCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 26,948.00B 26,134.30B 27,813.66B 30,687.62B 40,368.10B
Gross Profit 10,469.92B 9,681.01B 7,744.67B 9,157.93B 12,156.23B
Operating income 5,888.88B 4,967.80B 2,622.84B 4,777.11B 6,099.34B
Income before tax 5,850.92B 5,084.62B 2,253.89B 4,104.95B 3,195.77B
Net income 4,521.49B 4,521.59B 1,620.99B 3,079.11B 2,392.15B
EBITDA 7,414.00B 6,722.08B 4,684.69B 6,473.18B 8,612.91B
Diluted EPS 762 762 273.28 519.11 403.29
Dividends Per Share 304.91 304.92 135.83 207.64 40.33
Total Assets 38,153.11B 44,226.89B 49,068.65B 50,783.83B 79,807.06B
Total liabilities 10,712.32B 13,652.50B 19,022.61B 18,168.52B 45,915.14B
Total equity 26,419.54B 29,035.19B 28,521.97B 31,192.08B 32,276.81B
Operating cash flow 7,300.93B 5,195.76B 2,759.93B 4,459.34B 5,608.93B
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 2,011.45M 1,964.92M 2,078.47M 2,155.51M 2,854.56M
Gross Profit 781.49M 727.87M 578.74M 643.25M 859.60M
Operating income 439.55M 373.50M 196.00M 335.54M 431.30M
Income before tax 436.72M 382.29M 168.42M 288.33M 225.98M
Net income 337.49M 339.95M 121.13M 216.27M 169.15M
EBITDA 553.39M 505.40M 350.07M 454.68M 609.04M
Diluted EPS 0.05 0.05 0.02 0.03 0.02
Dividends Per Share 0.02 0.02 0.01 0.01 0.00
Total Assets 2,767.72M 3,282.75M 3,616.63M 3,531.56M 5,748.75M
Total liabilities 777.09M 1,013.36M 1,402.07M 1,263.45M 3,307.41M
Total equity 1,916.54M 2,155.14M 2,102.22M 2,169.12M 2,325.00M
Operating cash flow 544.95M 390.64M 206.24M 313.22M 396.62M

Valuation Measures

Dec 2019
PER29.75
ROA3.66%
ROE7.53%
Operating margin15.10%
Profit margin5.92%

Key executives

  • President Director: Hendi Prio Santoso
  • Finance Director: Doddy Sulasmono Diniawan
  • Director-Business Strategy & Development: Fadjar Judisiawan
  • Production Director: Benny Wendry
  • Director-Marketing & Supply Chain: Adi Munandir

Shareholders

  • Government of Indonesia (51.0%)
  • Invesco Advisers, Inc. (1.9%)
  • The Vanguard Group, Inc. (1.7%)
  • Norges Bank Investment Management (1.1%)
  • APG Asset Management NV (1.0%)
  • BlackRock Fund Advisors (0.8%)
  • Templeton Asset Management Ltd. (0.8%)
  • Dimensional Fund Advisors LP (0.6%)
  • Goldman Sachs Asset Management International (0.5%)
  • JPMorgan Asset Management (Singapore) Ltd. (0.5%)

Contact Details

  • Website:http://sig.id
  • Address: Gedung Utama Semen Gresik, Jalan Veteran, Gresik, 61122, Indonesia
  • Phone: +62.31.398.1732

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
  • PT Semen Baturaja (Persero) Tbk Class B
  • PT Solusi Bangun Indonesia Tbk
  • Siam Cement Public Co. Ltd.
  • Anhui Conch Cement Company Limited Class H
  • PT Panasia Indo Resources Tbk
  • Nava Bharat Ventures Limited
Last Updated on 14 Jul, 2020

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