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    Real estate development
PT Suryamas Dutamakmur Tbk

PT Suryamas Dutamakmur Tbk

IIDX:SMDM
434.00
IDR
+16.00
(+3.83%)
3.68EPS
148.09P/E
2.70TMarket Cap
PT Suryamas Dutamakmur Tbk
IDX:SMDM
(Indonesia Stock Exchange)

Recent

price

434.00

P/E

ratio

148.09

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
IDR
39.84
67.33
66.84
81
87.07
120.75
103.4
97.91
112.72
119
80.79
118.51
118.38
103.77
145.44
80.9
83.73
Revenue per Share
-0.46
7.05
3.1
8.62
8.15
13.94
3.41
2.79
7.05
5.27
-0.17
21.17
34.23
21.79
25.94
4.63
3.82
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
316.94
385.34
388.67
334.32
342.31
354.99
358.61
360.94
368.11
372.93
373.84
397.76
431.92
454.1
477.97
482.65
489.67
Book Value per Share
316.94
385.34
353.32
301.37
309.33
354.99
358.61
360.94
368.11
372.93
373.84
397.76
431.92
454.1
477.97
482.65
489.67
Tangible Book Value per Share
4,007
4,007
4,007
4,065
4,785
4,785
4,785
4,785
4,785
4,785
4,785
4,785
4,785
4,785
4,772
4,772
4,772
Basic Weighted Avg Shares
159,648
269,787
267,813
329,307
416,619
577,756
494,723
468,480
539,302
569,374
386,541
567,052
566,403
496,498
694,045
386,085
399,592
Sales/Revenue/Turnover
3.15
15.48
8.67
12.55
16.32
23.31
11.24
9.31
22.12
16.63
9.32
21.17
30.49
19.3
19.42
10.35
8.78
Operating Margin (%)
- -
8,144
3,681
3,567
5,050
10,392
11,267
11,089
11,180
8,477
9,061
7,855
7,810
4,380
3,400
5,812
6,647
Depreciation Expense
-1,840
28,235
12,416
35,047
38,996
66,717
16,323
13,326
33,750
25,206
-818
101,272
163,777
104,238
123,778
22,110
18,207
Net Income, GAAP
204.33
25.2
19.53
37.5
0.64
2.04
- -
3.3
- -
- -
- -
1.38
0.9
1.46
0.8
7.97
5.53
Effective Tax Rate (%)
-1.15
10.47
4.64
10.64
9.36
11.55
3.3
2.84
6.26
4.43
-0.21
17.86
28.92
20.99
17.83
5.73
4.56
Profit Margin (%)
17,331
15,937
644,779
545,706
461,976
522,981
301,804
346,670
498,729
472,342
553,111
596,002
881,574
968,585
932,683
897,187
911,867
Working Capital
114,211
150,791
123,076
146,943
241,531
169,515
53,238
53,422
151,098
69,359
106,639
16,780
31,800
59,409
50,074
30,764
30,764
LT Debt
1,761,419
2,056,054
2,114,371
2,144,185
2,207,635
2,452,132
2,475,867
2,497,873
2,552,514
2,623,695
2,648,006
2,779,516
2,959,305
3,058,334
3,210,654
3,262,293
3,266,482
Total Equity
-0.28
1.53
0.85
1.12
2.76
4.86
- -
1.48
- -
- -
- -
4.23
5.83
3.05
4.13
1.19
1.05
Return on Invested Capital (%)
-0.94
1.23
-0.57
2.37
2.26
3.74
- -
1.16
- -
- -
- -
3.37
5.2
3.84
2.9
0.89
0.9
Return on Capital (%)
-0.16
2.01
0.8
2.22
2.42
4.01
0.96
0.78
1.94
1.43
-0.05
5.5
8.27
4.93
5.57
0.96
0.79
Return on Common Equity (%)

Capital Structure

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
30,764
30,764
30,764
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4,772
4,772
4,772
Market Capitalization
3,960,875
2,887,144
2,696,258

Working Capital

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,121,154
1,146,327
1,175,274
Cash, Cash Equivalents & STI
151,796
162,106
157,812
Accounts Receivable, Net
13,665
12,033
3,874
Inventories
894,878
897,395
918,539
Total Current Liabilities
223,967
151,564
263,406
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

IDR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.92%
4.28%
1.61%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
-1,258.19%
-2,502.54%
-82.14%
Sales/Revenue/Turnover
-0.14%
5.93%
-44.37%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
124,538
322,644
104,139
137,571
694,045
2025
56,389
87,964
55,998
185,733
386,085
2026
84,605
73,256
- -
- -
- -

Quarterly Earnings Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3.72
19.28
-3.58
6.52
25.94
2025
-1.49
1.08
-2.5
7.54
4.63
2026
1
-2.23
- -
- -
- -

Quarterly Dividends Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
PT Suryamas Dutamakmur Tbk (SMDM.JK) engages in real estate development and related activities in Indonesia, with primary operations centered on the sale of land, land and houses; operation of golf courses, country clubs, hotels, and resort facilities located in Rancamaya, Bogor, West Java; provision of estate management services; and investment activities. The company operates through segments including Real Estate and Property, Golf and Country Club, Estate Management, Hotel, and Investment and Others, targeting residential and recreational customers primarily in the domestic market. Founded in 1989 and headquartered in Sudirman Plaza Business Complex, Jakarta Selatan, Indonesia, it functions as a subsidiary of PT Bumi Serpong Damai Tbk, which acquired 91.99% ownership from Top Global Limited in October 2024 for approximately IDR 2.33 trillion. Key projects encompass Rancamaya Golf Estate, Royal Tajur, Harvest City, and the planned Rancamaya 2 extension spanning around 200 hectares, supported by ongoing landbank development. Recent developments include a revenue surge to IDR 556.5 billion through September 2024, up 62% year-over-year, driven by real estate sales growth of 87.3% and government VAT incentives; full-year 2024 revenue projections of IDR 650-700 billion with net profit of IDR 150-160 billion; and intensified marketing for housing clusters alongside feasibility studies for expansion projects under new management post-acquisition. In 2024, the company reported full-year earnings with real estate sales reaching IDR 573 billion and golf/country club revenue at IDR 63.28 billion, reflecting all sales generated domestically.