Non-Energy Minerals
PT Semen Indonesia (Persero) Tbk
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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 | IDR | USD |
| Revenue | 30,687.62B | 2,155.51M |
| Gross Profit | 9,147.34B | 642.51M |
| Operating income | 4,766.53B | 334.80M |
| Income before tax | 4,104.95B | 288.33M |
| Net income | 3,079.11B | 216.27M |
| EBITDA | 6,470.68B | 454.50M |
| Diluted EPS | 519.11 | 0.03 |
| Dividends Per Share | 207.64 | 0.01 |
| Total Assets | 51,155.89B | 3,557.43M |
| Total liabilities | 18,419.59B | 1,280.91M |
| Total equity | 31,192.08B | 2,169.12M |
| Operating cash flow | 4,462.46B | 313.44M |
| Currency in IDR | Currency in USD |
Historical Data
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 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 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 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 | |
| PER | 22.15 |
| ROA | 6.14% |
| ROE | 10.31% |
| Operating margin | 15.53% |
| Profit margin | 10.03% |
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
- Website:http://www.semenindonesia.com
- Address: Gedung Utama Semen Gresik, Jalan Veteran, Gresik, 61122, Indonesia
- Phone: +62.31.398.1732
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
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Last Updated on 20 Sep, 2019