PT Surya Semesta Internusa Tbk

ssia

Overview

SSIA Overview

PT Surya Semesta Internusa Tbk is an Indonesia-based company, which is engaged in industrial estate, real estate, construction services, hotels, and others. The Company operates through five division: Industrial Estate Development, Real Estate and Rental of Buildings, Building Construction, Investment in Shares to Other Companies, and Hotel and Similar Business. The Company’s property business is engaged in developing and managing industrial estates, real estate, buildings, and trade centers. Its construction business is engaged in the construction sector through PT Nusa Raya Cipta Tbk that provides general contractor services for the construction of commercial buildings, mines, and infrastructures. Its hospitality business is engaged in the hospitality sector by developing and managing hotels and resorts. Its subsidiaries include PT Suryacipta Swadaya, PT Enercon Paradhya International, PT Surya Internusa Hotels, PT Karsa Sedaya Sejahtera, and PT Batiqa Hotel Manajemen.

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: SSIA

Main
Market Cap.
IDR 4.60Trillion

~$292.81M USD

Industry
Heavy Constructions & Civil Engineering
Sub-Industry
Heavy Constructions & Civil Engineering
Sector
Infrastructures

Valuation

SSIA Valuation Metrics

1,010

IDR

Closing Price on 2024-04-05

Price to Equity

56.56

P/E

At 56.56x P/E TTM, SSIA.JK is trading at a premium to its peers in the Heavy Constructions & Civil Engineering sector (avg 6.2x).

Price to Book

1.21

P/B

At 1.21x P/B TTM, SSIA.JK is trading at a premium to its peers in the Heavy Constructions & Civil Engineering sector (avg 0.7x).

Price to Sales

1.10

P/S

At 1.10x P/S TTM, SSIA.JK is trading at a premium to its peers in the Heavy Constructions & Civil Engineering sector (avg 0.3x).

Valuing PT Surya Semesta Internusa Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Heavy Constructions & Civil Engineering sector

Historical Price to Earnings

Other Valuation Metrics

Valuing PT Surya Semesta Internusa Tbk relative to other stocks in the Heavy Constructions & Civil Engineering sector

Price/Cash Flow
95.87x
Price/Forward Earnings
30.64x
Enterprise Value/Revenue
1.50x
Enterprise Value/EBITDA
12.47x
PEG Ratio
0.14x

Analyst Ratings

40
60
80
0
100

100.0

Undervalued

Fairly Valued

Overvalued

Last closing: IDR1,0102024-04-05
IDR 58.89

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of SSIA is IDR59, which is 93% lower than SSIA's last closing price of IDR1,010 (as of 2024-04-05).

Valuation Recap of SSIA 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 56.56x is above the ID market average of 8.22x and is trading at a premium to peers in the Heavy Constructions & Civil Engineering sector (6.25x). In fact, less than 25% of its peers trade at a higher P/E ratio than SSIA.
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 1.21x is above the peers average of 0.65x in the Heavy Constructions & Civil Engineering sector. SSIA trades at a higher P/B ratio than >75% of its peers in the Heavy Constructions & Civil Engineering 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 1.10x is above the peers average of 0.33x in the Heavy Constructions & Civil Engineering sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of SSIA's valuation relative to its current sales and future earnings growth. SSIA trades at a Forward P/E ratio of 30.64x, which is considered richly valued by analysts.
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. SSIA's P/CF ratio of 95.87x 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. SSIA's EV/R ratio of 1.50x is considered extremely underpriced by the market The average EV/R ratio for the Heavy Constructions & Civil Engineering sector is 1.32x. ●●
Max 3
Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of SSIA is IDR 58.89, which is 93% lower than SSIA's last closing price of IDR 1,010.00.
Max 3

Peers

SSIA 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
BRENPT Barito Renewables Energy Tbk.926.47T0.00T 0.00T 0.00T
TLKMPT Telkom Indonesia (Persero) Tbk339.78T276.21T 149.67T 23.67T 14.352.60
ISATPT Indosat Tbk90.71T112.21T 49.68T 3.82T 23.733.12
MTELPT Dayamitra Telekomunikasi Tbk52.05T56.35T 8.40T 1.99T 26.171.56
PGEOPT Pertamina Geothermal Energy Tbk49.37T43.54T 6.20T 2.25T 21.911.72
SUPRSolusi Tunas Pratama Tbk45.39T9.47T 1.88T 0.97T 47.028.49
TOWRSarana Menara Nusantara Tbk42.58T68.22T 11.65T 3.31T 12.872.67
TBIGPT Tower Bersama Infrastructure Tbk42.33T43.76T 6.56T 1.53T 27.613.98
JSMRPT Jasa Marga Tbk39.92T124.90T 18.94T 7.71T 5.171.47
WSKTPT Waskita Karya (Persero) Tbk5.82T96.54T 12.82T -4.73T -1.230.93
Competitiveness Recap of SSIA stock
WeightNotesScore
High
At a market cap of IDR 4,600.85 billion, SSIA.JK ranks 10 in Market Cap out of 10 companies in the Infrastructures sector.
Max 2
High
At a PE of 56.56, SSIA.JK ranks 1 out of 10 companies in the Infrastructures sector for P/E value. The average PE is 23.54 (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 Infrastructures. false●●
Max 2
Medium
At a PE of 56.56, SSIA.JK is trading at a higher PE than that of its subsector peers in Heavy Constructions & Civil Engineering (median of 6.25). false●●
Max 2
Medium
At a revenue of IDR 4.17 trillion, SSIA.JK ranks 8 in Revenue out of 10 companies in the Infrastructures sector.
Max 2
Medium
At a profit of IDR 0.08 trillion, SSIA.JK ranks 9 in Profit out of 10 companies in the Infrastructures sector.
Max 2

Future

Future Growth of SSIA

Growth Forecasts

SSIA 2024 Revenue Growth
+31.4%
SSIA 2024 EPS Growth
+29.7%
Sector Revenue Growth
+24.5%
Heavy Constructions & Civil Engineering
Indonesia Market Growth
+12.0%
IDX overall growth
Heavy Constructions & Civil Engineering Sector Revenue Growth '24
+26.3%
Infrastructures Sector Revenue Growth '24
+11.2%

Sector Benchmark

Heavy Constructions & Civil Engineering companies in Indonesia are growing at a projected rate of 24.52% against the IDX average of +12.0%.

Heavy Constructions & Civil Engineering sector overview

SSIA Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of SSIA
WeightNotesScore
High
SSIA's projected growth rate of 24.52% is above the ID market average of 11.98%.●●●
Max 3
High
The Heavy Constructions & Civil Engineering sub-sector is projected to grow revenue by 26.30% in 2024. This number is higher than the previous year 2023's growth rate of 14.34%. This bodes well for SSIA's revenue growth prospects in the next 2 years. ●●●
Max 3
Medium
The Heavy Constructions & Civil Engineering sub-sector is projected to increase earnings by 163.76% in 2024. This number is lower than the previous year 2023's EPS growth of 372.27%. This bodes well for SSIA's earnings growth prospects in the next 2 years. ●●
Max 3
Medium
SSIA and its peers in the Heavy Constructions & Civil Engineering sub-sector belongs to the Infrastructures sector. Companies in the Infrastructures sector are projected to have a fruitful year heading into 2024. Specifically, earnings are projected to increase by 25.05% in 2024 while revenue growth is projected to increase by 11.23%. These macroeconomic trends will likely be a tailwind for SSIA's earnings growth prospects in the next 2 years. ●●●
Max 3
Loading...
Loading...

Management

Executive Management

President Director

Johannes Suriadjaja15.2 years

Vice President Director

Eddy P. Wikanta 15.4 years
The Jok Tung
Director
Wilson Effendy
Director
Sonny Satia Negara
Director
NamePositionShares%
Johannes SuriadjajaPresident Director2,797,4000.06
Sonny Satia NegaraDirector1,872,2000.04
The Jok TungDirector2,092,5000.04
Expressed in millions IDR, unless otherwise stated

Ownership

SSIA Ownership

Others
62.95%
Insiders
25.01%
Institutions
12.04%
NameNumber of SharesOwnership (%)Value
Masyarakat 3,392,509,79672.13,426.43B
Pt Arman Investments Utama400,826,1448.52404.83B
Intrepid Investments Limited386,015,6008.2389.88B
Pt Persada Capital Investama369,188,0007.85372.88B
Treasury Stock149,947,8003.19151.45B
Johannes Suriadjaja2,797,4000.062.83B
Sonny Satia Negara1,872,2000.041.89B
The Jok Tung2,092,5000.042.11B

Largest Institutional Buy

Evli
Bought 31-01-2024
+1,572,700 shares
Acuitas Investments, LLC
Bought 31-01-2024
+821,239 shares
Dimensional Fund Advisors, Inc.
Bought 31-01-2024
+515,800 shares

Largest Institutional Sell

Pacific Capital Partners Limited
Sold 31-01-2024
-90,288,500 shares
Vanguard Group Inc
Sold 31-01-2024
-25,694,254 shares
AMP Capital Investors Limited
Sold 31-01-2024
-5,583,500 shares

Institutional Transactions

Tracking institutional transactions buying / selling of SSIA stock