1. Indonesia Stocks

  2. •

    Basic Materials

  3. •

    Construction Materials
PT Solusi Bangun Indonesia Tbk

PT Solusi Bangun Indonesia Tbk

SMCB.JK
PT Solusi Bangun Indonesia TbkID flagIndonesia Stock Exchange
775.00
IDR
- -
- -
6.99TMarket Cap
PT Solusi Bangun Indonesia Tbk
SMCB.JK
(Indonesia Stock Exchange)

Recent

price

775.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
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
1,190.46
1,276.67
Revenue per Share
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
73.04
79.76
Basic EPS, GAAP
-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
-43.07
-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
40.27
- -
Dividend per Share
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
839.61
813.22
Book Value per Share
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
1,427.16
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
8,226
9,019
9,019
9,019
9,019
9,019
Basic Weighted Avg Shares
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
10,737,250
11,514,782
Sales/Revenue/Turnover
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
10.59
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
9,909
9,841
Depreciation Expense
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
658,742
719,374
Net Income, GAAP
27.66
30.63
27.87
28.75
33.33
43.07
- -
- -
- -
- -
33.43
34.36
28.26
27.3
26.71
29.86
26.81
Effective Tax Rate (%)
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
6.14
6.25
Profit Margin (%)
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
20,430
393,549
Working Capital
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
838,866
1,671,270
LT Debt
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
13,204,619
12,962,331
Total Equity
13.19
13.07
15.47
12.77
6.2
1.3
- -
- -
- -
- -
6.88
6.12
7.34
7.21
6.04
5.36
5.75
Return on Invested Capital (%)
24.54
18.55
20.92
13.03
8.49
3.73
- -
- -
- -
- -
8.5
8.5
10.61
11.3
9.59
8.12
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
8.87
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
6,247,620
6,742,036
6,990,021

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
5.57%
12.86%
2.25%
Free Cash Flow
-4.05%
8.66%
-48.75%
Net Income, GAAP
-21.12%
1.1%
-11.59%
Sales/Revenue/Turnover
1.77%
1.51%
-9.15%
Total Cash Common Dividend
- -
135.26%
38.49%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,772,818
2,648,025
3,323,820
3,074,315
11,818,978
2025
2,468,622
2,858,381
- -
- -
10,737,250
2026
2,558,176
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8.22
- -
- -
- -
82.61
2025
5.35
- -
- -
- -
73.04
2026
11.3
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
29.07
2025
- -
- -
- -
- -
40.27
2026
- -
- -
- -
- -
- -
Similar Companies
Summit Materials, Inc. (SUM)
Holcim Ltd (HOLN.SW)
MCON Rasayan India Ltd. (MCON.NS)
Qinglong Pipes Industry Group Co., Ltd. Class A (002457.SZ)
Reliance Worldwide Corporation Limited (RWC.AX)
Visne Madencilik Uretim Sanayi ve Tct AS (VSNMD.IS)
Business
PT Solusi Bangun Indonesia Tbk (SMCB.JK) engages in the production and distribution of cement, ready-mixed concrete, aggregates, and waste management services in Indonesia. The company operates four cement plants in Narogong (West Java), Cilacap (Central Java), Tuban (East Java), and Lhoknga (Aceh), with a total annual capacity of 14.8 million tons, and offers products under the Dynamix brand including Dynamix Masonry, Dynamix Extra Power, and Dynamix Prime Builder; ready-mixed concrete solutions; aggregates from quarries; and added-value services such as eco-friendly waste management via its Nathabumi unit, research center support, and construction consulting. Founded in 1971 and headquartered in Jakarta, it functions as a majority-owned subsidiary of PT Semen Indonesia (Persero) Tbk (83.52% stake), serving residential, property, public facilities, infrastructure, and large-scale projects primarily in Indonesia with export capabilities including clinker and cement distribution to Kalimantan and Sumatra. Recent developments include allocating up to IDR 550 billion in capital expenditure for 2025 focused on completing the Talavera EPC project in Tuban to enhance distribution and boost export capacity by 500,000 tons annually; advancing sustainability initiatives such as a solar power plant contract up to 7 MWp at one factory and microalgae-based CO2 absorption partnerships with Universitas Gadjah Mada; preparing corporate actions like rights issues or strategic investor partnerships to meet IDX free float requirements and lift trading suspension effective January 2025; and expanding Nathabumi's waste utilization to over 1.8 million tons by end-2024 through RDF technology and industrial collaborations.