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PT Semen Baturaja (Persero) Tbk

PT Semen Baturaja (Persero) Tbk

SMBR.JK
PT Semen Baturaja (Persero) TbkID flagIndonesia Stock Exchange
156.00
IDR
-3.00
- -
1.55TMarket Cap
PT Semen Baturaja (Persero) Tbk
SMBR.JK
(Indonesia Stock Exchange)

Recent

price

156.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
5,346,425.6
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
236.62
Revenue per Share
1,453,952.9
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
20.29
Basic EPS, GAAP
-1,047,035.12
-16.34
-2.56
-27.88
-191.52
-38.26
-25.02
-28.11
-8.24
-3.34
-5.32
-10.37
-3.76
-4.81
-3.77
Free Cash Flow per Basic Share
245,130.56
7.04
7.93
8.34
9
6.53
3.69
1.91
0.62
- -
- -
1.91
2.45
2.6
- -
Dividend per Share
4,571,175.06
152.81
134.15
136.78
152.14
140.35
133.22
128.59
73.43
77.15
79.96
111.06
113.01
117.31
108.02
Book Value per Share
4,643,371.98
286.76
272.4
299.46
316.89
342.02
341.82
331.34
293.22
299.82
307.57
317.16
328.12
342.66
333.68
Tangible Book Value per Share
- -
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
2,350,225
Sales/Revenue/Turnover
33.34
28.18
20.93
22.11
21.55
12.09
12.44
11.17
11.03
12.06
13.9
10.47
11.18
11.37
13.54
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
16,387
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
201,559
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
23.74
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
8.58
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
184,587
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
407,186
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
3,322,019
Total Equity
- -
14.67
8.13
9.06
7.2
3.22
2.79
1.55
1.18
3.15
4.57
4.01
4.71
5.35
6.61
Return on Invested Capital (%)
- -
27.08
25.31
26.45
14.9
6.58
5.42
3.01
2.5
6.75
8.32
9.16
9.81
11.91
14.34
Return on Capital (%)
- -
27.94
25.69
26.58
18.23
10.15
5.6
2.31
1.09
6.25
9.91
12.81
11.61
15.03
19.43
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
212,552
212,419
222,451
LT Borrowings
395,889
398,728
291,634
LT Finance Leases
120,616
117,033
115,552
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
9,933
9,933
9,933
Market Capitalization
2,026,237
1,688,531
2,940,030

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
1,000,678
1,052,032
993,793
Cash, Cash Equivalents & STI
29,843
32,379
13,173
Accounts Receivable, Net
702,480
700,521
675,377
Inventories
236,268
272,193
273,413
Total Current Liabilities
822,079
792,021
809,206
Payables & Accruals
- -
- -
- -
ST Debt
212,552
212,419
222,451
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

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
47.3%
11.78%
27.8%
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

FRC

•

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
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.51
- -
- -
- -
13.01
2025
4.93
- -
- -
- -
17.31
2026
1.74
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

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.