PT Solusi Bangun Indonesia Tbk

smcb

Overview

SMCB Overview

PT Solusi Bangun Indonesia Tbk is an Indonesia-based company, which is engaged in cement industry in Indonesia with a total production capacity (including optimization of plant operations) reaching 14.50 million tons of cement per year. The Company markets its products both domestically and internationally. The Company operates through four segments: Cement and Clinker, Ready-Mixed Concrete, Aggregates, and Waste Management. Cement and Clinker segment operates four cement plants spread across several regions, namely in Narogong-West Java, Cilacap-Central Java, Tuban-East Java and Lhoknga-Aceh, which operates by the Company’s subsidiary, PT Solusi Bangun Andalas. Ready-Mixed Concrete segment ready-mixed concrete business through commercial plant and on-site plant methods through the construction of a batching plant at the project site to encourage speed and reliability of supply. Waste Management segment provides waste management services to the Company and its business partners.

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: SMCB

Main
Market Cap.
IDR 11.81Trillion

~$0.75B USD

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

Valuation

SMCB Valuation Metrics

1,295

IDR

Closing Price on 2024-04-05

Price to Equity

14.79

P/E

At 14.79x P/E TTM, SMCB.JK is trading at a premium to its peers in the Basic Materials sector (avg 8.2x).

Price to Book

0.97

P/B

At 0.97x P/B TTM, SMCB.JK is trading in line with its peers in the Basic Materials sector.

Price to Sales

0.97

P/S

At 0.97x P/S TTM, SMCB.JK is trading at a premium to its peers in the Basic Materials sector (avg 0.8x).

Valuing PT Solusi Bangun Indonesia 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 Solusi Bangun Indonesia Tbk relative to other stocks in the Basic Materials sector

Price/Cash Flow
6.17x
Price/Forward Earnings
-55.70x
Enterprise Value/Revenue
1.18x
Enterprise Value/EBITDA
10.37x
PEG Ratio
-1.47x

Analyst Ratings

No analyst ratings available yet.

Last closing: IDR1,2952024-04-05
IDR 730.49

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of SMCB is IDR730, which is 43% lower than SMCB's last closing price of IDR1,295 (as of 2024-04-05).

Valuation Recap of SMCB 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 14.79x is above the ID market average of 8.22x and is trading at a premium to peers in the Basic Materials sector (8.22x).
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 0.97x 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 0.97x 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 SMCB's valuation relative to its current sales and future earnings growth. SMCB trades at a Forward P/E ratio of -55.70x, which is considered fairly undervalued by analysts.
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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. SMCB's P/CF ratio of 6.17x is considered healthy by analysts.
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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. SMCB's EV/R ratio of 1.18x is considered extremely 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 SMCB is IDR 730.49, which is 43% lower than SMCB's last closing price of IDR 1,295.00.
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Peers

SMCB 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 SMCB stock
WeightNotesScore
High
At a market cap of IDR 11,814.35 billion, SMCB.JK ranks 10 in Market Cap out of 10 companies in the Basic Materials sector.
Max 2
High
At a PE of 14.79, SMCB.JK ranks 3 out of 10 companies in the Basic Materials sector for P/E value. The average PE is -47.53 (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.
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Medium
At a PE of 14.79, SMCB.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 12.14 trillion, SMCB.JK ranks 7 in Revenue out of 10 companies in the Basic Materials sector.
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Medium
At a profit of IDR 0.80 trillion, SMCB.JK ranks 5 in Profit out of 10 companies in the Basic Materials sector.
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Future

Future Growth of SMCB

Growth Forecasts

SMCB 2024 Revenue Growth
-16.0%
SMCB 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

SMCB Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of SMCB
WeightNotesScore
High
SMCB'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 SMCB's revenue growth prospects in the next 2 years. ●●●
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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
SMCB 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 SMCB's earnings growth prospects in the next 2 years.
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Management

Executive Management

President Director

Lilik Ungul Raharjo15.2 years
Ony Suprihartono
Director
Soni Asrul Sani
Director
Yasuhide Abe
Director
NamePositionShares%
No data is available for SMCB at the moment.
Expressed in millions IDR, unless otherwise stated

Ownership

SMCB Ownership

Others
1.35%
Insiders
98.65%
Institutions
0%
NameNumber of SharesOwnership (%)Value
Pt Semen Indonesia (Persero) Tbk7,533,148,88883.529,755.43B
Taiheiyo Cement Corporation1,365,584,79115.141,768.43B
Public (Scripless)100,601,0551.12130.28B
Public (Scrip)20,047,2390.2225.96B
No data is available for SMCB at the moment.