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

IDR | USD

	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%)
Invesco Advisers, Inc. (1.8%)
The Vanguard Group, Inc. (1.7%)
BlackRock Fund Advisors (1.0%)
Templeton Asset Management Ltd. (0.8%)
Norges Bank Investment Management (0.7%)
APG Asset Management NV (0.7%)
Dimensional Fund Advisors LP (0.6%)
Schroder Investment Management (Hong Kong) Ltd. (0.5%)
FIL Investment Management (Hong Kong) Ltd. (0.4%)

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 Sinergi Informatika Semen Indonesia
PT Sinergi Mitra Investama
PT Semen Indonesia Industri Bangunan
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.
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 17 Feb, 2020