PT Semen Indonesia (Persero) Tbk

PT Semen Indonesia (Persero) Tbk

SMGR.JK
PT Semen Indonesia (Persero) TbkID flagIndonesia Stock Exchange
1,405.00
IDR
-20.00
- -
9.46TMarket Cap
PT Semen Indonesia (Persero) Tbk
SMGR.JK
(Indonesia Stock Exchange)

Recent

price

1,405.00

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
2,411.59
2,753.65
3,294.92
4,119.22
4,537.14
4,530.58
4,393.78
4,676.12
5,159.3
6,786.81
5,913.17
6,165.57
6,102.22
5,724.82
5,359.68
5,220.11
5,240.85
Revenue per Share
610.83
659.96
814.93
902.86
934.75
760.17
760.18
272.53
517.67
402.18
469.45
343.82
396.68
321.48
106.61
28.27
38.25
Basic EPS, GAAP
-538.84
-704.55
-565.35
-429.65
-354.19
-869.05
-851.61
-587.06
-301.98
-275.92
-216.2
-292.94
-314.04
-259.55
-217.04
-164.71
-176.64
Free Cash Flow per Basic Share
307.59
247.58
329.98
366.72
406.29
374.3
304.07
304.07
135.45
207.07
40.22
187.63
171.78
245.19
84.73
96.09
- -
Dividend per Share
1,773.31
2,143.1
2,628.06
3,146.65
3,675.11
4,060.98
4,517.1
4,485.55
4,867.77
5,062.88
5,475.53
5,621.42
5,819.37
5,214.73
5,236.61
5,199.03
5,146.45
Book Value per Share
2,040.97
2,456.32
2,885.3
3,462.16
4,018.35
4,422.73
4,912.44
4,837.98
5,301.03
4,981.8
5,841.93
6,556.56
7,277.63
6,533.45
6,628.41
6,561.85
6,523.16
Tangible Book Value per Share
5,948
5,948
5,948
5,948
5,948
5,948
5,948
5,948
5,948
5,948
5,948
5,953
5,962
6,752
6,752
6,752
6,752
Basic Weighted Avg Shares
14,344,189
16,378,794
19,598,248
24,501,241
26,987,035
26,948,004
26,134,306
27,813,664
30,687,626
40,368,107
35,171,668
36,702,301
36,378,597
38,651,360
36,186,127
35,243,751
35,383,818
Sales/Revenue/Turnover
31.44
29.61
31.38
28.61
25.96
21.95
19.52
9.72
16
15.73
16.32
14.17
12.53
11.52
5.94
4.54
4.08
Operating Margin (%)
- -
45,307
59,956
127,923
140,848
130,325
161,629
199,752
172,599
557,750
643,563
673,727
654,986
663,122
633,456
643,290
636,421
Depreciation Expense
3,633,220
3,925,442
4,847,252
5,370,247
5,559,902
4,521,491
4,521,596
1,620,995
3,079,115
2,392,151
2,792,321
2,046,692
2,364,836
2,170,497
719,763
190,848
258,263
Net Income, GAAP
22.52
22.29
21.64
22.63
21.33
22.65
10.81
26.79
24.83
25.8
23.34
40.15
24.24
30.52
38.33
70.19
55.82
Effective Tax Rate (%)
25.33
23.97
24.73
21.92
20.6
16.78
17.3
5.83
10.03
5.93
7.94
5.58
6.5
5.62
1.99
0.54
0.73
Profit Margin (%)
4,828,349
4,757,008
3,406,092
4,674,519
6,376,615
3,939,514
2,221,485
4,998,241
7,911,205
4,418,279
3,942,105
1,553,276
5,817,952
3,671,312
3,280,120
1,593,460
1,286,634
Working Capital
598,207
1,813,477
3,222,429
3,242,382
3,315,145
3,155,616
4,449,848
8,098,781
7,912,278
26,749,702
24,887,786
16,388,332
15,526,888
10,624,494
8,708,725
6,151,087
6,704,068
LT Debt
12,139,753
14,615,097
18,164,855
21,751,482
25,004,930
27,440,798
30,574,391
30,046,033
32,615,315
33,891,924
38,744,131
42,875,012
47,239,360
47,800,976
48,307,211
47,719,715
47,515,734
Total Equity
29.08
25.33
24.59
22.31
19.94
15.06
13.24
5.12
8.94
8.84
6.76
4.85
5.5
4.91
2.19
0.83
1.08
Return on Invested Capital (%)
35.65
29.96
27.61
25.65
23.12
17.12
15.09
5.78
9.65
9.38
7.52
5.03
5.72
5.3
2.6
0.88
1.21
Return on Capital (%)
37.67
33.7
34.16
31.27
27.4
19.65
17.72
6.05
11.07
8.1
8.91
6.2
6.94
6.21
2.04
0.54
0.74
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
2,156,679
2,146,853
4,677,186
LT Borrowings
8,223,277
8,153,098
6,134,352
LT Finance Leases
485,448
489,847
569,716
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
6,752
6,752
6,752
Market Capitalization
22,212,567
17,891,581
18,161,643

Working Capital

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
16,224,031
16,292,989
16,646,851
Cash, Cash Equivalents & STI
3,729,859
3,784,448
4,103,885
Accounts Receivable, Net
5,126,735
4,647,253
4,595,585
Inventories
5,192,941
5,551,759
5,783,920
Total Current Liabilities
12,943,911
12,576,380
15,360,217
Payables & Accruals
- -
- -
- -
ST Debt
2,156,679
2,146,853
4,677,186
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.83%
4.37%
-1.22%
Free Cash Flow
-11.58%
-0.79%
-24.11%
Net Income, GAAP
- -
-31.94%
-73.48%
Sales/Revenue/Turnover
3.32%
0.15%
-2.6%
Total Cash Common Dividend
- -
73.64%
13.41%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8,375,065
8,036,260
9,883,557
9,891,245
36,186,127
2025
7,654,749
7,954,267
9,939,097
- -
35,243,751
2026
8,288,486
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
69.88
- -
- -
- -
106.61
2025
6.31
- -
- -
- -
28.27
2026
11.9
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
84.73
2025
- -
- -
- -
- -
96.09
2026
- -
- -
- -
- -
- -
Business
PT Semen Indonesia (Persero) Tbk is a state-owned holding company primarily engaged in manufacturing, packing, and distributing cement and building material solutions in Indonesia and internationally. The company offers a diverse product portfolio including various types of cement such as Portland cement, oil well cement, and mixed cement under multiple cement brands; ready-mix concrete products including normal concrete, high absorbency concrete, decorative concrete, quick-drying concrete, and lightweight applied concrete; mortar; precast concrete products; aggregates; and cement bag manufacturing. In addition to cement production, the company operates in limestone and clay mining, industrial real estate development, building rental, and logistics services including freight forwarding, stevedoring, sea transportation, and service logistics management. PT Semen Indonesia also engages in construction consulting and construction activities, along with investment in supporting infrastructure for the building materials sector. Founded in 1953 and headquartered in Jakarta Selatan, Indonesia, PT Semen Indonesia operates through its subsidiary network, including 17 subsidiaries in Indonesia and Vietnam, with market reach extending across Asia, Australia, and Oceania. The company rebranded from PT Semen Gresik (Persero) Tbk to PT Semen Indonesia (Persero) Tbk in 2013, later emphasizing its vision as a broad building material solutions provider. Recent major developments include a strategic partnership with Japan's Taiheiyo Cement Corporation, which acquired a 15.04% stake in Solusi Bangun Indonesia, a subsidiary of PT Semen Indonesia, to strengthen cooperation in cement production and distribution. As part of the Indonesian government's cement industry consolidation, the company acquired PT Semen Baturaja Tbk, integrating it to expand influence in regional markets. PT Semen Indonesia also initiated the development of a special-purpose pier and cement production facility at its Tuban Plant in East Java aimed at supporting export growth, including up to one million tons annual cement export capacity targeting the US market. The company is focused on operational efficiency, process and asset optimization, and expanding environmentally friendly and innovative product offerings such as precision interlock bricks aligned with national affordable housing initiatives. These initiatives reflect a strategic shift to enhance market competitiveness amid industry challenges and strengthen its position as a leading building materials solutions provider in the region. PT Semen Indonesia continues to serve a broad customer base including construction firms, contractors, and infrastructure projects while leveraging advanced logistics technology and multi-source supply strategies to maintain market leadership. The company remains committed to sustainable development, operational excellence, and product innovation as pillars of its business growth strategy. This comprehensive scope of products, services, and strategic expansions firmly positions PT Semen Indonesia (Persero) Tbk as a dominant player in Indonesia’s cement and building materials industry with a growing international presence and diversified operations across the building materials value chain.