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PT Semen Baturaja (Persero) Tbk Class B

PT Semen Baturaja (Persero) Tbk Class B

IIDX:SMBR
129.00
IDR
+1.00
(+0.78%)
7.80EPS
18.59P/E
1.44TMarket Cap
PT Semen Baturaja (Persero) Tbk Class B
IDX:SMBR
(Indonesia Stock Exchange)

Recent

price

129.00

P/E

ratio

18.59

div

yld

- -

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
IDR
111.58
137.8
123.5
148.54
154.79
156.33
200.94
201.31
173.36
176.35
189.45
205.45
210.56
237.79
212.03
Revenue per Share
30.34
36.81
34.15
36
26.34
14.78
7.66
3.03
1.11
4.7
7.78
12.24
13.01
17.31
7.8
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
5.12
7.04
7.93
8.34
9
6.53
3.69
1.91
0.62
- -
- -
1.91
2.45
2.6
- -
Dividend per Share
96.99
247.28
272.74
299.8
317.22
343.87
349.72
350.59
296.7
302.63
309.61
318.39
329.05
343.59
342.37
Book Value per Share
96.91
247.2
272.4
299.46
316.89
342.02
341.82
331.34
293.22
299.82
307.57
317.16
328.12
342.66
341.52
Tangible Book Value per Share
9,838
8,481
9,838
9,838
9,838
9,925
9,933
9,933
9,933
9,933
9,933
9,933
9,933
9,933
9,933
Basic Weighted Avg Shares
1,097,680
1,168,608
1,214,915
1,461,248
1,522,808
1,551,525
1,995,808
1,999,517
1,721,907
1,751,586
1,881,767
2,040,679
2,091,352
2,361,906
2,105,959
Sales/Revenue/Turnover
33.34
28.18
20.93
22.11
21.55
12.09
12.44
11.17
11.03
12.06
13.41
11.96
11.58
11.94
7.88
Operating Margin (%)
3,373
3,138
3,913
4,638
5,596
8,362
30,130
52,717
60,629
40,877
39,813
35,137
18,674
18,289
18,083
Depreciation Expense
298,513
312,184
335,955
354,180
259,087
146,644
76,072
30,072
10,985
46,704
77,323
121,571
129,254
171,925
77,484
Net Income, GAAP
24.51
22.03
17.01
20.12
25.82
29.82
47.66
65.26
69.89
32.22
24.26
25.22
24.76
26.66
36.95
Effective Tax Rate (%)
27.19
26.71
27.65
24.24
17.01
9.45
3.81
1.5
0.64
2.67
4.11
5.96
6.18
7.28
3.68
Profit Margin (%)
489,316
1,913,010
2,156,020
1,703,873
545,994
454,774
721,922
603,457
-116,334
473,495
402,156
85,353
178,600
275,321
224,519
Working Capital
27,000
13,500
- -
- -
624,678
935,517
1,329,776
1,464,932
1,262,557
1,708,475
1,374,652
707,436
516,504
299,862
183,063
LT Debt
954,138
2,432,669
2,683,092
2,949,353
3,120,758
3,412,860
3,473,671
3,482,293
2,946,922
3,005,898
3,075,138
3,162,412
3,268,245
3,412,648
3,400,597
Total Equity
- -
14.67
8.1
9.07
7.2
3.3
2.78
1.63
1.34
3.51
4.57
4.67
4.99
5.69
2.92
Return on Invested Capital (%)
- -
18.06
13.04
12.55
7.73
3.63
2.98
1.69
1.36
3.57
4.29
4.54
4.68
5.31
2.66
Return on Capital (%)
- -
18.44
13.13
12.58
8.54
4.49
2.21
0.86
0.34
1.57
2.54
3.9
4.02
5.15
2.31
Return on Common Equity (%)

Capital Structure

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
222,325
222,592
232,757
LT Borrowings
185,793
187,966
70,159
LT Finance Leases
114,069
111,020
112,903
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
9,933
9,933
9,933
Market Capitalization
2,860,570
2,125,562
1,440,217

Working Capital

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,021,354
1,005,494
998,152
Cash, Cash Equivalents & STI
60,848
72,614
58,706
Accounts Receivable, Net
701,379
643,476
638,413
Inventories
232,644
259,713
258,528
Total Current Liabilities
746,034
677,365
773,633
Payables & Accruals
- -
- -
- -
ST Debt
222,325
222,592
232,757
Deferred Revenue
- -
- -
- -

Growth Rates

IDR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.67%
2.98%
4.42%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
24.5%
97.46%
33.01%
Sales/Revenue/Turnover
5.41%
6.6%
12.94%
Total Cash Common Dividend
- -
- -
6.32%

Quarterly Revenue

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
432,484
402,693
572,912
683,263
2,091,352
2025
527,815
566,236
- -
579,603
2,361,906
2026
439,395
520,726
- -
- -
- -

Quarterly Earnings Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.51
0.23
2.85
9.43
13.01
2025
4.93
3.09
- -
2.58
17.31
2026
1.74
0.39
- -
- -
- -

Quarterly Dividends Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
2.45
2025
- -
- -
- -
- -
2.6
2026
- -
- -
- -
- -
- -
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Business
PT Semen Baturaja Tbk (SMBR.JK) produces and distributes cement and related products primarily in Indonesia, operating integrated facilities for clinker production, cement grinding, and packaging. The company offers ordinary Portland cement (OPC) types I, II, and V; Portland composite cement (PCC); Baturaja mortar cement in various types; and white clay products, all certified to Indonesian National Standards (SNI) and supported by quality management systems including ISO 9001:2015 and ISO/IEC 17025:2017. It serves construction and building materials markets through distributors across South Sumatra, Lampung, Jambi, Bengkulu, and other regions, with main plants in Baturaja (clinker capacity of 2.7 million tons/year and cement capacity of 3.85 million tons/year), Palembang, and Panjang. Founded on November 14, 1974, and headquartered in Palembang, South Sumatra, the company originally operated as PT Semen Baturaja (Persero) with initial ownership split between PT Semen Padang and PT Semen Gresik before full government acquisition in 1991 and listing as a public company in 2013. PT Semen Baturaja Tbk functions as a subsidiary of PT Semen Indonesia (Persero) Tbk (SIG), following the completion of a major share transfer from the Indonesian government to SIG in December 2022, marking its transition from Persero to Tbk status and integration into the national cement holding structure. Recent developments include the commercial launch of the Baturaja II plant in September 2017, boosting total cement capacity to 3.85 million tons annually, and ongoing business transformation as of 2025 to enhance SIG Group value chain roles, distribution efficiency, and multi-brand penetration in Sumatran markets. In 2025, the company earned recognition as Indonesia's Best Public Company for strong fundamentals and growth potential amid diversification strategies. Market speculation emerged in May 2025 regarding a potential divestment of SIG's 75.51% stake amid interest from foreign players like India's UltraTech Cement, though no transaction has been confirmed. Additionally, PT Semen Baturaja Tbk advances energy transition efforts through alternative fuel and raw material (AFR) utilization to support sustainable operations.