PT Semen Baturaja Tbk

smbr

Overview

SMBR Overview

PT Semen Baturaja (Persero) Tbk is an Indonesia-based cement product development company. The Company is involved in the cement industrial sector including production, distribution, and other services around cement industry industry. It operates through four geographical segments, namely South Sumatera, Lampung, Jambi, and Jakarta. The Company's line of business is in clinker and cement production. Clinker production is carried out through its production center located in Baturaja, South Sumatera. Cement milling and packing are located at the Baturaja, Palembang and Panjang Plants. It obtains the raw materials for its cement production, such as limestone and clay, from a mine in Baturaja that it owns. Its products include Portland Composite Cement (PCC), Ordinary Portland Cement (OPC) Type I, Ordinary Portland Cement (OPC) Type II, Ordinary Portland Cement (OPC) Type V, and Baturaja Mortar, among others. The Company's plants are located in Baturaja, Palembang and Lampung.

24681012ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: SMBR

Main
Market Cap.
IDR 2.44Trillion

~$155.51M USD

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

Valuation

SMBR Valuation Metrics

246

IDR

Closing Price on 2024-04-05

Price to Equity

23.13

P/E

At 23.13x P/E TTM, SMBR.JK is trading at a premium to its peers in the Basic Materials sector (avg 8.2x).

Price to Book

0.78

P/B

At 0.78x P/B TTM, SMBR.JK is trading in line with its peers in the Basic Materials sector.

Price to Sales

1.21

P/S

At 1.21x P/S TTM, SMBR.JK is trading at a premium to its peers in the Basic Materials sector (avg 0.8x).

Valuing PT Semen Baturaja 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 Semen Baturaja Tbk relative to other stocks in the Basic Materials sector

Price/Cash Flow
10.69x
Price/Forward Earnings
-
Enterprise Value/Revenue
1.63x
Enterprise Value/EBITDA
12.01x
PEG Ratio
0.64x

Analyst Ratings

No analyst ratings available yet.

Last closing: IDR2462024-04-05
IDR 52.97

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of SMBR is IDR53, which is 77% lower than SMBR's last closing price of IDR246 (as of 2024-04-05).

Valuation Recap of SMBR 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 23.13x 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 SMBR.
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 0.78x is similar to the peers average of 0.89x 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 1.21x is similar to 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 SMBR'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. SMBR's P/CF ratio of 10.69x is considered a relatively high ratio 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. SMBR's EV/R ratio of 1.63x is considered fairly underpriced by the market The average EV/R ratio for the Basic Materials sector is 1.07x.
Max 3
Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of SMBR is IDR 52.97, which is 77% lower than SMBR's last closing price of IDR 246.00.
Max 3

Peers

SMBR 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 SMBR stock
WeightNotesScore
High
At a market cap of IDR 2,443.40 billion, SMBR.JK ranks 10 in Market Cap out of 10 companies in the Basic Materials sector.
Max 2
High
At a PE of 23.13, SMBR.JK ranks 3 out of 10 companies in the Basic Materials sector for P/E value. The average PE is -46.69 (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 23.13, SMBR.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 2.01 trillion, SMBR.JK ranks 8 in Revenue out of 10 companies in the Basic Materials sector.
Max 2
Medium
At a profit of IDR 0.11 trillion, SMBR.JK ranks 6 in Profit out of 10 companies in the Basic Materials sector.
Max 2

Future

Future Growth of SMBR

Growth Forecasts

SMBR 2024 Revenue Growth
-0.1%
SMBR 2024 EPS Growth
0.0%
Sector Revenue Growth
+1.8%
Basic Materials
Indonesia Market Growth
+12.0%
IDX overall growth
Basic Materials Sector Revenue Growth '24
+19.2%
Basic Materials Sector Revenue Growth '24
+19.2%

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

SMBR Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of SMBR
WeightNotesScore
High
SMBR'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 SMBR'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
SMBR 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 SMBR's earnings growth prospects in the next 2 years.
Max 3
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Management

Executive Management

President Director

Suherman Yahya15.2 years
Muhammad Syafitri
Director
Rahmat Hidayat
Director
NamePositionShares%
Suherman YahyaPresident Director16,098< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

SMBR Ownership

Others
8.22%
Insiders
89.17%
Institutions
2.61%
NameNumber of SharesOwnership (%)Value
Pt Semen Indonesia (Persero) Tbk7,499,999,99975.511,845.00B
Public (Scripless)1,648,433,83816.6405.51B
Pt Asuransi Jiwa Ifg784,084,3007.89192.88B

Largest Institutional Buy

No data is available for SMBR at the moment.

Largest Institutional Sell

Dimensional Fund Advisors LP
Sold 31-12-2023
-485,293 shares

Institutional Transactions

Tracking institutional transactions buying / selling of SMBR stock