1. Indonesia Stocks

  2. •

    Basic Materials

  3. •

    Construction Materials
PT Solusi Bangun Indonesia Tbk

PT Solusi Bangun Indonesia Tbk

PTHIF
PT Solusi Bangun Indonesia TbkUS flagOther OTC
0.10
USD
- -
- -
894.72MMarket Cap
PT Solusi Bangun Indonesia Tbk
PTHIF
(Other OTC)

Recent

price

0.10

P/E

ratio

- -

div

yld

- -

ROIC.AI

2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
TTM
FRC
775.67
777.85
981.87
1,175.94
1,264.05
1,237.6
1,205.68
1,234.31
1,224.36
1,354.28
1,443.04
1,319.11
1,363.81
1,359.52
1,371.64
1,310.4
1,276.67
Revenue per Share
119.05
108.36
138.74
176.21
124.25
86.11
22.85
-37.14
-98.92
-108.05
65.13
84.95
86.72
93.05
99.19
82.61
79.76
Basic EPS, GAAP
-15.33
-33.37
-124
-240.14
-401.78
-370.4
-198.64
-72.24
-55.95
-51.81
-70.34
-52.08
-61.14
-103.52
-89.03
-84.03
-76.12
Free Cash Flow per Basic Share
- -
- -
46.16
64
84.98
87
30.92
13.31
- -
- -
- -
3.6
23.68
23.93
27.22
29.07
- -
Dividend per Share
-59.62
565.92
638.66
730.87
747.99
729.18
690.86
638.73
539.8
431.75
496.88
585.07
690.48
698.78
755.02
807.87
813.22
Book Value per Share
432.76
875.61
967.13
1,065.67
1,097.15
1,085.89
1,099
995.5
886.09
786.6
865.11
947.91
1,319.23
1,278.03
1,349.53
1,394.94
1,400.29
Tangible Book Value per Share
7,663
7,663
7,663
7,663
7,663
7,663
7,663
7,663
7,663
7,663
7,663
7,663
8,226
9,019
9,019
9,019
9,019
Basic Weighted Avg Shares
5,943,881
5,960,589
7,523,964
9,011,076
9,686,262
9,483,612
9,239,022
9,458,403
9,382,120
10,377,729
11,057,843
10,108,220
11,218,181
12,262,048
12,371,333
11,818,978
11,514,782
Sales/Revenue/Turnover
23.52
22.37
22.89
23.2
21
12.99
3.54
2.94
2.07
0.08
10.65
16.4
13.37
12.65
11.95
10.48
10.35
Operating Margin (%)
- -
- -
4,777
3,320
2,550
1,241
1,807
6,885
8,532
6,448
3,555
15,421
17,279
15,330
12,748
10,288
9,841
Depreciation Expense
912,305
830,382
1,063,170
1,350,250
952,113
659,867
175,127
-284,584
-758,045
-827,985
499,052
650,988
713,344
839,276
894,645
745,090
719,374
Net Income, GAAP
29.66
27.66
30.63
27.87
28.75
33.33
43.07
- -
- -
- -
- -
33.43
34.36
28.26
27.3
26.71
26.81
Effective Tax Rate (%)
15.35
13.93
14.13
14.98
9.83
6.96
1.9
-3.01
-8.08
-7.98
4.51
6.44
6.36
6.84
7.23
6.3
6.25
Profit Margin (%)
313,796
897,407
784,373
629,922
-1,253,883
-1,541,356
-1,375,667
-2,844,408
-2,464,485
-7,142,103
243,332
74,950
1,338,863
210,000
572,175
239,153
393,549
Working Capital
1,940,074
1,730,410
1,175,682
1,585,174
2,221,719
4,052,179
4,205,164
5,208,134
5,767,152
1,151,801
8,546,350
7,497,378
4,494,309
2,774,627
2,393,471
1,633,671
1,671,270
LT Debt
3,316,183
6,826,003
7,527,260
8,418,056
8,679,916
8,581,969
8,449,857
8,060,595
7,196,951
6,416,350
6,982,612
7,595,515
11,199,072
11,860,038
12,504,614
12,914,110
12,962,331
Total Equity
15.74
13.19
13.07
15.47
12.77
6.2
1.3
- -
- -
- -
- -
6.88
6.12
7.34
7.21
6.04
5.75
Return on Invested Capital (%)
56.2
24.54
18.55
20.92
13.03
8.49
3.73
- -
- -
- -
- -
8.5
8.5
10.61
11.3
9.59
9.07
Return on Capital (%)
- -
- -
23.04
25.73
16.8
11.66
3.22
-5.59
-16.79
-22.24
14.03
15.7
14.04
14.01
13.65
10.57
10.12
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'24
Dec'24
Mar'25
ST Debt
162,792
508,992
522,337
LT Borrowings
1,939,352
1,539,857
1,540,362
LT Finance Leases
92,294
93,814
130,908
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
9,019
9,019
9,019
Market Capitalization
13,511,314
14,383,011
14,667,585

Working Capital

FRC

•

in mil. unless spec.
Sep'24
Dec'24
Mar'25
Total Current Assets
4,892,940
4,703,796
4,609,673
Cash, Cash Equivalents & STI
271,915
150,342
247,320
Accounts Receivable, Net
2,413,758
2,495,649
2,301,183
Inventories
1,314,954
1,151,302
1,147,320
Total Current Liabilities
4,625,928
4,464,643
4,216,124
Payables & Accruals
- -
- -
- -
ST Debt
162,792
508,992
522,337
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.19%
14.16%
3.27%
Free Cash Flow
-3.81%
13.22%
-5.61%
Net Income, GAAP
-27.31%
9.51%
-16.72%
Sales/Revenue/Turnover
2.43%
1.63%
-4.46%
Total Cash Common Dividend
- -
112.96%
6.82%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
2,929,288
2,644,149
3,390,524
3,407,372
12,371,333
2024
2,772,818
2,648,025
3,323,820
3,074,315
11,818,978
2025
2,468,622
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
16.54
- -
- -
- -
99.19
2024
8.22
- -
- -
- -
82.61
2025
5.35
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
27.22
2024
- -
- -
- -
- -
29.07
2025
- -
- -
- -
- -
- -
Similar Companies
Takamisawa Co., Ltd. (5283.T)
Holcim Ltd (HCMLY)
Asahi Concrete Works Co., Ltd. (5268.T)
SP Refractories Ltd. (SPRL.NS)
Sanei Ltd. (6230.T)
Siam City Cement Public Company Limited (SCCC-R.BK)
Business
PT Solusi Bangun Indonesia Tbk (SMCB), a leading producer of cement and integrated building materials in Indonesia, operates through segments including cement and clinker, ready-mixed concrete, aggregates, and waste management services; its core products encompass Dynamix-branded cement varieties such as Dynamix Masonry, Dynamix Extra Power, and Dynamix Prime Builder, alongside concrete building solutions, aggregates, and eco-friendly waste management via its Nathabumi division. The company, founded in 1971 and headquartered in Jakarta, Indonesia, runs four cement plants in Narogong (West Java), Cilacap (Central Java), Tuban (East Java), and Lhoknga (Aceh) with a combined annual capacity of 14.8 million tons, employs over 2,000 workers, and distributes to markets across Java, Sumatra, and Kalimantan while majority-owned (83.52%) by PT Semen Indonesia (Persero) Tbk. It provides end-to-end building solutions for residential renovations, property developments, public facilities, infrastructure projects like Tol Porong-Pandaan and Kalibaru Port expansions, and large-scale constructions, emphasizing sustainable low-carbon innovations and value-added services including a research center and construction expertise. In recent developments, the company allocates IDR 550 billion in capital expenditure for 2025, primarily to complete the EPC Talavera Project in Tuban for enhanced export capacity of up to 500,000 tons annually, routine plant maintenance, operational efficiency, asset optimization, and low-carbon product innovation amid challenging market dynamics; it reported a 12.3% year-over-year net profit increase to Q3 2025 despite a 9.9% revenue decline through cost efficiencies and commercial transformation, while maintaining a 50% dividend payout ratio including IDR 372.5 billion for 2024 results. Geographically focused on Indonesia's domestic market with export ambitions, PT Solusi Bangun Indonesia Tbk advances sustainable construction synergies with its parent SIG, targeting regional leadership in green building materials.