Board Change • May 20
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 11 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Independent Commissioner Ratna Irsana was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Duyuru • May 15
PT Semen Indonesia (Persero) Tbk announces Annual dividend, payable on June 11, 2026 PT Semen Indonesia (Persero) Tbk announced Annual dividend of IDR 28.3300 per share payable on June 11, 2026, ex-date on May 21, 2026 and record date on May 22, 2026. Duyuru • Apr 03
PT Semen Indonesia (Persero) Tbk, Annual General Meeting, May 08, 2026 PT Semen Indonesia (Persero) Tbk, Annual General Meeting, May 08, 2026. Duyuru • May 29
PT Semen Indonesia (Persero) Tbk announces Annual dividend, payable on June 26, 2025 PT Semen Indonesia (Persero) Tbk announced Annual dividend of IDR 96.2152 per share payable on June 26, 2025, ex-date on June 05, 2025 and record date on June 10, 2025. Duyuru • Apr 16
PT Semen Indonesia (Persero) Tbk, Annual General Meeting, May 23, 2025 PT Semen Indonesia (Persero) Tbk, Annual General Meeting, May 23, 2025. Location: jakarta Indonesia Buy Or Sell Opportunity • Dec 31
Now 27% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to €0.18. The fair value is estimated to be €0.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 15%. Revenue is forecast to grow by 7.4% in 2 years. Earnings are forecast to grow by 75% in the next 2 years. Board Change • Dec 30
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. 1 highly experienced director. No independent directors (6 non-independent directors). Independent Commissioner Nasaruddin Umar was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. New Risk • Nov 03
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.2% Last year net profit margin: 6.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (15% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.2% net profit margin). Reported Earnings • Nov 03
Third quarter 2024 earnings released: EPS: Rp32.69 (vs Rp126 in 3Q 2023) Third quarter 2024 results: EPS: Rp32.69 (down from Rp126 in 3Q 2023). Revenue: Rp9.88t (down 7.0% from 3Q 2023). Net income: Rp218.2b (down 74% from 3Q 2023). Profit margin: 2.2% (down from 8.0% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 04
Second quarter 2024 earnings released: EPS: Rp4.36 (vs Rp45.12 in 2Q 2023) Second quarter 2024 results: EPS: Rp4.36 (down from Rp45.12 in 2Q 2023). Revenue: Rp8.04t (flat on 2Q 2023). Net income: Rp29.7b (down 90% from 2Q 2023). Profit margin: 0.4% (down from 3.8% in 2Q 2023). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 13
First quarter 2024 earnings released: EPS: Rp69.88 (vs Rp83.18 in 1Q 2023) First quarter 2024 results: EPS: Rp69.88 (down from Rp83.18 in 1Q 2023). Revenue: Rp8.38t (down 6.3% from 1Q 2023). Net income: Rp471.8b (down 16% from 1Q 2023). Profit margin: 5.6% (down from 6.3% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Declared Dividend • May 10
Dividend of Rp84.73 announced Shareholders will receive a dividend of Rp84.73. Ex-date: 16th May 2024 Payment date: 5th June 2024 Dividend yield will be 35,303%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (67% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 66% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Mar 30
PT Semen Indonesia (Persero) Tbk, Annual General Meeting, May 03, 2024 PT Semen Indonesia (Persero) Tbk, Annual General Meeting, May 03, 2024. Reported Earnings • Mar 11
Full year 2023 earnings released Full year 2023 results: Revenue: Rp39t (up 6.2% from FY 2022). Net income: Rp2.17t (down 8.2% from FY 2022). Profit margin: 5.6% (down from 6.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Buy Or Sell Opportunity • Feb 07
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.9% to €0.35. The fair value is estimated to be €0.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 9.1%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 51% in the next 2 years. Buying Opportunity • Jan 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 7.1%. The fair value is estimated to be €0.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 9.1%. Revenue is forecast to grow by 11% in 2 years. Earnings is forecast to grow by 48% in the next 2 years. Buying Opportunity • Dec 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be €0.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 9.1%. Revenue is forecast to grow by 11% in 2 years. Earnings is forecast to grow by 48% in the next 2 years. Buying Opportunity • Nov 11
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 5.8%. The fair value is estimated to be €0.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 9.1%. Revenue is forecast to grow by 12% in 2 years. Earnings is forecast to grow by 47% in the next 2 years. Buying Opportunity • Sep 19
Now 20% undervalued Over the last 90 days, the stock is up 15%. The fair value is estimated to be €0.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 8.0%. Revenue is forecast to grow by 14% in 2 years. Earnings is forecast to grow by 58% in the next 2 years. Reported Earnings • Aug 03
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: Rp8.10t (up 4.6% from 2Q 2022). Net income: Rp304.6b (down 7.7% from 2Q 2022). Profit margin: 3.8% (down from 4.3% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 9% per year. Reported Earnings • Mar 15
Full year 2022 earnings released Full year 2022 results: Revenue: Rp36t (up 4.1% from FY 2021). Net income: Rp2.36t (up 17% from FY 2021). Profit margin: 6.5% (up from 5.8% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Basic Materials industry in Europe. Board Change • Nov 16
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 11 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Independent Commissioner Mochamad Choliq was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 02
Third quarter 2022 earnings released: EPS: Rp138 (vs Rp100 in 3Q 2021) Third quarter 2022 results: EPS: Rp138 (up from Rp100 in 3Q 2021). Revenue: Rp9.40t (up 3.2% from 3Q 2021). Net income: Rp821.5b (up 38% from 3Q 2021). Profit margin: 8.7% (up from 6.5% in 3Q 2021). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Reported Earnings • Jun 02
First quarter 2022 earnings released First quarter 2022 results: Revenue: Rp8.14t (flat on 1Q 2021). Net income: Rp498.6b (up 11% from 1Q 2021). Profit margin: 6.1% (up from 5.6% in 1Q 2021). Over the next year, revenue is forecast to grow 9.5%, compared to a 9.4% growth forecast for the industry in Germany. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Independent Commissioner Mochamad Choliq was the last independent director to join the board, commencing their role in 2018. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 05
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: Rp341 (down from Rp471 in FY 2020). Revenue: Rp35t (flat on FY 2020). Net income: Rp2.02t (down 28% from FY 2020). Profit margin: 5.8% (down from 7.9% in FY 2020). Revenue missed analyst estimates by 4.6%. Over the next year, revenue is forecast to grow 14%, compared to a 8.2% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Reported Earnings • Nov 08
Third quarter 2021 earnings released: EPS Rp100 (vs Rp157 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: Rp9.12t (down 5.0% from 3Q 2020). Net income: Rp593.6b (down 36% from 3Q 2020). Profit margin: 6.5% (down from 9.7% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year. Reported Earnings • Aug 08
Second quarter 2021 earnings released: EPS Rp57.95 (vs Rp27.99 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: Rp8.14t (up 9.3% from 2Q 2020). Net income: Rp343.8b (up 107% from 2Q 2020). Profit margin: 4.2% (up from 2.2% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Mar 02
Full year 2020 earnings released The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: Rp35t (down 13% from FY 2019). Net income: Rp2.79t (up 17% from FY 2019). Profit margin: 7.9% (up from 5.9% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 11
New 90-day low: €0.63 The company is down 5.0% from its price of €0.66 on 13 November 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.83 per share. Is New 90 Day High Low • Dec 17
New 90-day high: €0.71 The company is up 38% from its price of €0.52 on 18 September 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.83 per share. Is New 90 Day High Low • Nov 11
New 90-day high: €0.62 The company is up 13% from its price of €0.55 on 13 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.63 per share. Reported Earnings • Nov 05
Third quarter 2020 earnings released: EPS Rp157 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: Rp9.60t (down 19% from 3Q 2019). Net income: Rp929.3b (up 15% from 3Q 2019). Profit margin: 9.7% (up from 6.9% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Sep 23
New 90-day low: €0.51 The company is down 13% from its price of €0.58 on 25 June 2020. The German market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.58 per share.