PT Cemindo Gemilang Tbk

cmnt

Overview

CMNT Overview

PT Cemindo Gemilang Tbk is an Indonesia-based company that is primarily engaged in producing cement. The Company conducts business activities in three operating segments, which include Cement and clinker, Ready-to-use concrete and Others. The Cement and clinker segment is engaged in the production and sale of several types of cement and clinker and clinker. The Ready-mix concrete segment is engaged in the production and sale of ready-mix concrete. The Others segment is engaged in mining and trucking. The Company’s products are available in Indonesia under the brand of Semen Merah Putih, and also in Vietnam under the brand of Chinfon Cement. Its distribution of Semen Merah Putih reaches approximately 17 provinces in Indonesia with distribution and marketing networks in Sumatra, Kalimantan, Java, Bali and Nusa Tenggara. Its cement is also exported to Australia, the Philippines, Tahiti, Bangladesh, Sri Lanka, China, and Madagascar.

2468ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: CMNT

Main
Market Cap.
IDR 18.15Trillion

~$1.16B USD

Industry
Construction Materials
Sub-Industry
Construction Materials
Sector
Basic Materials
Sub-Sector

Valuation

CMNT Valuation Metrics

1,060

IDR

Closing Price on 2024-04-05

Price to Equity

158.22

P/E

At 158.22x P/E TTM, CMNT.JK is trading at a premium to its peers in the Basic Materials sector (avg 8.2x).

Price to Book

4.93

P/B

At 4.93x P/B TTM, CMNT.JK is trading at a premium to its peers in the Basic Materials sector (avg 0.9x).

Price to Sales

1.88

P/S

At 1.88x P/S TTM, CMNT.JK is trading at a premium to its peers in the Basic Materials sector (avg 0.8x).

Valuing PT Cemindo Gemilang Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Basic Materials sector

Historical Price to Earnings

Other Valuation Metrics

Valuing PT Cemindo Gemilang Tbk relative to other stocks in the Basic Materials sector

Price/Cash Flow
8.50x
Price/Forward Earnings
-
Enterprise Value/Revenue
2.87x
Enterprise Value/EBITDA
36.55x
PEG Ratio
2.27x

Analyst Ratings

No analyst ratings available yet.

Valuation Recap of CMNT stock
WeightNotesScore
High
The P/E ratio is calculated by dividing the market price of a company's stock by its earnings per share (EPS). It is a key tool for investors and analysts to assess whether a stock is overvalued, undervalued, or fairly valued. A P/E ratio of 158.22x is above the ID market average of 8.22x and is trading at a premium to peers in the Basic Materials sector (8.22x). In fact, less than 25% of its peers trade at a higher P/E ratio than CMNT.
Max 3
High
The P/B ratio is calculated by dividing the market price of a company's stock by its book value per share (BVPS). It measures the company's stock value relative to its assets minus liabilities. A P/B ratio of 4.93x is above the peers average of 0.89x in the Basic Materials sector. CMNT trades at a higher P/B ratio than >75% of its peers in the Basic Materials sector.
Max 3
Medium
The P/S ratio is calculated by dividing the market price of a company's stock by its sales per share. It measures the company's stock value relative to its sales. A P/S ratio of 1.88x is above the peers average of 0.76x in the Basic Materials sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of CMNT's valuation relative to its current sales and future earnings growth.
Max 2
Low
The Price/Cash Flow ratio (P/CF) is calculated by dividing the market price of a company's stock by its cash flow per share. It measures the company's stock value relative to its cash flow, and is sometimes said to be a more objective measure of a company's value because cash flows cannot be manipulated as easily as earnings, which considers non-cash items such as depreciation and amortization. CMNT's P/CF ratio of 8.50x is considered healthy by analysts.
Max 2
Low
The Enterprise Value/Revenue ratio (EV/R) is calculated by dividing the enterprise value of a company by its revenue. It measures the company's enterprise value relative to its revenue. It is an indicator of how much it costs to buy the company's revenue; the lower the ratio, the cheaper the company's revenue. CMNT's EV/R ratio of 2.87x is considered fairly underpriced by the market The average EV/R ratio for the Basic Materials sector is 1.07x.
Max 3

Peers

CMNT Peers and Comparison

Peer Companies

Supertype Fuzzy Search
SymbolCompany Name
Market Cap
(in Trillion IDR)
Total Assets
(in Trillion IDR)
Total Revenue
(in Trillion IDR)
Profit and Loss
(in Trillion IDR)
P/E
P/B
AMMNPT Amman Mineral Internasional Tbk.649.04T127.21T 0.00T 0.00T 9.75
TPIAPT Chandra Asri Petrochemical Tbk614.23T77.45T 32.03T -0.92T -667.5114.37
BRPTBarito Pacific Tbk94.03T146.77T 41.15T 0.38T 244.683.78
MDKAPT Merdeka Copper Gold Tbk.63.00T72.67T 21.67T -0.52T -122.324.38
MBMAPT Merdeka Battery Materials Tbk62.64T0.00T 0.00T 0.00T
NCKLPT Trimegah Bangun Persada Tbk.56.79T45.09T 8.99T 2.04T 27.892.56
INKPIndah Kiat Pulp & Paper Tbk52.38T155.79T 56.29T 8.11T 6.460.57
ANTMAneka Tambang Tbk.41.01T35.50T 43.15T 4.04T 10.141.67
INCOVale Indonesia Tbk40.74T44.35T 18.96T 3.84T 10.601.05
SMGRSemen Indonesia (Persero) Tbk38.31T81.68T 38.76T 2.43T 15.770.90
Competitiveness Recap of CMNT stock
WeightNotesScore
High
At a market cap of IDR 18,153.03 billion, CMNT.JK ranks 10 in Market Cap out of 10 companies in the Basic Materials sector.
Max 2
High
At a PE of 158.22, CMNT.JK ranks 2 out of 10 companies in the Basic Materials sector for P/E value. The average PE is -33.18 (unadjusted). A high P/E ratio often indicates higher growth expectation, or other qualitative factors that led investors to believe that the company has a defensible competitive advantage compared to its peers in Basic Materials. In this regard, it trails behind sector leaders such as Barito Pacific Tbk (244.68) in the Basic Materials sector.●●
Max 2
Medium
At a PE of 158.22, CMNT.JK is trading at a higher PE than that of its subsector peers in Basic Materials (median of 8.22). false●●
Max 2
Medium
At a revenue of IDR 9.64 trillion, CMNT.JK ranks 7 in Revenue out of 10 companies in the Basic Materials sector.
Max 2
Medium
At a profit of IDR 0.11 trillion, CMNT.JK ranks 6 in Profit out of 10 companies in the Basic Materials sector.
Max 2

Future

Future Growth of CMNT

Growth Forecasts

No data available

Sector Benchmark

Basic Materials companies in Indonesia are growing at a projected rate of 1.84% against the IDX average of +12.0%.

Basic Materials sector overview
No data is available for CMNT at the moment.
Future growth prospect of CMNT
WeightNotesScore
High
CMNT's projected growth rate of 1.84% is below the ID market average of 11.98%.●●●
Max 3
High
The Basic Materials sub-sector is projected to grow revenue by 19.16% in 2024. This number is higher than the previous year 2023's growth rate of 1.18%. This bodes well for CMNT's revenue growth prospects in the next 2 years. ●●●
Max 3
Medium
The Basic Materials sub-sector is projected to decrease earnings by -97.81% in 2024. This number is higher than the previous year 2023's EPS growth of -104.18%. false
Max 3
Medium
CMNT and its peers in the Basic Materials sub-sector belongs to the Basic Materials sector. Companies in the Basic Materials sector are projected to have a challenging year heading into 2024. Specifically, earnings are projected to decrease by -97.81% in 2024 while revenue growth is projected to increase by 19.16%. These macroeconomic trends will likely be a tailwind for CMNT's earnings growth prospects in the next 2 years.
Max 3
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Management

Executive Management

President Director

Chang-I Liu15.2 years

Vice President Director

Vince Erlington Indigo15.4 years
Ameesh Anand
Director
Surindro Kalbu Adi
Director
NamePositionShares%
No data is available for CMNT at the moment.
Expressed in millions IDR, unless otherwise stated

Ownership

CMNT Ownership

Others
10.85%
Insiders
89.07%
Institutions
0.08%
NameNumber of SharesOwnership (%)Value
Wh Investments Pte. Ltd.14,962,904,00087.3715,860.68B
Public2,162,600,00012.632,292.36B

Largest Institutional Buy

Dimensional Fund Advisors
Bought 31-01-2024
+4,142,700 shares
Dimensional Fund Advisors LP
Bought 31-01-2024
+877 shares

Largest Institutional Sell

No data is available for CMNT at the moment.

Institutional Transactions

Tracking institutional transactions buying / selling of CMNT stock