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    Process industries

  3. •

    Chemicals: agricultural
PT Saraswanti Anugerah Makmur Tbk

PT Saraswanti Anugerah Makmur Tbk

IIDX:SAMF
286.00
IDR
+6.00
(+2.14%)
25.29EPS
11.16P/E
2.77TMarket Cap
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
125.15
137.49
180.72
359.94
435.46
468.05
397.56
403.05
Basic EPS, GAAP
8.01
11.11
16.13
32.6
39.64
36.96
24.92
24.19
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
4.49
5.15
8.71
8.35
15.58
21.14
19.99
8.49
Book Value per Share
59.23
74.14
81.55
105.8
130.38
147.01
178.67
180.04
Tangible Book Value per Share
59.23
74.14
81.55
105.8
130.38
147.01
178.67
180.04
Basic Weighted Avg Shares
10,250
10,250
10,250
10,250
10,250
10,250
10,250
10,250
Sales/Revenue/Turnover
1,282,791
1,409,226
1,852,362
3,689,404
4,463,508
4,797,559
4,074,971
4,131,238
Operating Margin (%)
15.13
14.66
13.37
15.12
13.98
12.85
10.36
10.07
Depreciation Expense
3,524
3,406
2,956
3,263
4,796
6,258
7,270
7,902
Net Income, GAAP
82,117
113,829
165,349
334,149
406,352
378,865
255,421
247,958
Effective Tax Rate (%)
22.04
21.62
21.67
21.64
21.77
21.96
21.86
21.8
Profit Margin (%)
6.4
8.08
8.93
9.06
9.1
7.9
6.27
6
Working Capital
393,043
489,491
529,471
748,313
1,025,324
1,134,716
1,143,451
1,144,028
LT Debt
43,419
32,279
290
31,922
39,440
119,837
88,489
71,924
Total Equity
630,579
783,771
862,211
1,120,320
1,380,077
1,561,948
1,888,354
1,903,550
Return on Invested Capital (%)
- -
14.15
15.33
25.75
23.38
20.5
12.67
10.74
Return on Capital (%)
- -
13.02
14.88
22.51
21.58
18.86
11.85
9.87
Return on Common Equity (%)
- -
16.65
20.72
34.8
33.57
26.65
15.3
14.6

Capital Structure

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
685,169
833,339
1,438,061
LT Borrowings
88,489
79,847
71,924
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
10,250
10,250
10,250
Market Capitalization
3,157,000
3,423,500
2,767,500

Working Capital

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,314,966
2,639,265
3,603,106
Cash, Cash Equivalents & STI
104,892
72,179
150,557
Accounts Receivable, Net
1,295,708
1,059,597
1,624,663
Inventories
866,774
1,352,094
1,605,408
Total Current Liabilities
1,171,515
1,463,188
2,459,078
Payables & Accruals
- -
- -
- -
ST Debt
685,169
833,339
1,438,061
Deferred Revenue
- -
- -
- -

Growth Rates

IDR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
19.44%
20.9%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
25.92%
-32.58%
Sales/Revenue/Turnover
- -
28.8%
-15.06%
Total Cash Common Dividend
- -
36.37%
-5.44%

Quarterly Revenue

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,331,930
1,087,094
1,243,476
1,135,058
4,797,559
2025
743,363
961,097
- -
1,151,122
4,074,971
2026
601,661
1,417,358
- -
- -
- -

Quarterly Earnings Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
11.97
8.29
9.08
7.63
36.96
2025
4.31
5.73
- -
6.59
24.92
2026
3.67
8.2
- -
- -
- -

Quarterly Dividends Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
10.33
10.71
21.14
2025
- -
- -
- -
8.49
19.99
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Yahya Taufik
Full Time Employees
568
Sector
Process industries
Industry
Chemicals: agricultural
Address
AMG Tower, 20th Floor Sidoarjo Indonesia 60234
IPO Date
Mar 31, 2020
Website
saraswantifertilizer.com
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Business
PT Saraswanti Anugerah Makmur Tbk (SAMF.JK) manufactures and distributes non-subsidized nitrogen, phosphorus, and potassium (NPK) fertilizers in Indonesia; its core products include specialized NPK briquettes and compounds such as Palmo for palm oil, Halei for sugarcane, Pukalet for rubber, Koka for coffee and cocoa, Cornalet for corn, Pupindo for palm oil and various plants, Fertindo, Phonika, Planta Plus, Fertea, and Dupan, along with single, mixed, and natural fertilizers plus pest control products encompassing insecticides, fungicides, rodenticides, herbicides, nematicides, and acaricides. Founded in 1998 and headquartered in Sidoarjo, East Java, the company operates five factories through three subsidiaries—PT Dupan Anugerah Lestari, PT Anugerah Pupuk Lestar, and PT Anugerah Pupuk Makmur—located across East Java, North Sumatra, and Central Kalimantan, with 12 marketing offices in major cities including Surabaya, Jakarta, Medan, Palembang, Pekanbaru, Jambi, Makassar, Balikpapan, Pontianak, Sampit, Banjarbaru, and Yogyakarta. As a subsidiary of PT Saraswanti Utama, SAMF targets plantation crops, annual plants, and agricultural sectors nationwide, listing on the Indonesia Stock Exchange in March 2020. Recent developments encompass a stock split implemented in early 2025 that propelled shares up 24.85%, changes to the nomination and remuneration committee and audit committee announced in August 2025 and January 2025 respectively, leadership transitions including a commissioner resignation in October 2024 and board changes in January 2025, amendments to the articles of association in January 2025 and July 2023 per regulatory updates, and affiliated transactions disclosed in August 2023, alongside robust financial growth with 2024 revenues reaching IDR4.80 trillion and net income of IDR378.86 billion.