Frontierby eninvs

Language: EN / RU

← Region

Semen Indonesia (SMGR) IDR

PT Semen Indonesia (Persero) Tbk manufactures, packs, and distributes cement, and also engages in related activities such as mining, ready-mix concrete production, logistics, and construction services in Indonesia and internationally.

At a glance: strengths & risks
✓Revenue growing (+13% y/y, H1 2026)✓Profit growing (×6.0 y/y, H1 2026)✓Cheaper than own history (EV/EBITDA 2.5 vs avg 4.8)✗High leverage (4.1x EBITDA)

Sector: Cement

ID_SMGR

Price chart

1 365 IDRDay -5.21%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
1 365 IDR · -5.21%
Market cap
9194.0 bn IDR

Growth

Δ revenue y/y
13.1%
Δ EBITDA y/y
6.7%

Multiples

P/E (LTM)
51.2x
3y avg: 59.1x
P/B (FY)
0.2x
P/E (ann.)
20.1x
EV/EBITDA (LTM)
2.5x
3y avg: 4.8x
EV/EBITDA (ann.)
2.7x

Cash return

Dividend yield
2.1%
FCF yield (LTM)
39.3%

Liquidity

Daily turnover (listing)
17.4 bln IDR

Shares: connector/market_inputs

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

Financial results

Monetary columns are in T IDR, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueT IDROperating profitT IDRD&AT IDREBITDAT IDRNet profitT IDROperating CFT IDRCapex + M&AT IDRAssetsT IDREquityT IDRROE (annualized)Net debtT IDRSource
2026-06-30Q2 2026 (3M)OK9.4
y/y 13.1%
0.5
y/y —
0.7
y/y -4.0%
1.2
y/y —
0.2
y/y 502.0%
1.6-0.374.6
y/y -2.5%
43.7
y/y 1.4%
1.0%2.9Report (PDF)
2026-03-31Q1 2026 (3M)OK8.3
y/y 8.3%
0.3
y/y 8.2%
0.8
y/y -2.3%
1.1
y/y 0.2%
0.1
y/y 56.4%
0.6-0.275.5
y/y -1.5%
43.5
y/y -0.5%
0.6%3.8Report (PDF)
2025-12-31Q4 2025 (3M)OK9.9
y/y 0.5%
1.2
y/y 254.6%
0.8
y/y 1.8%
2.1
y/y 5482.6%
0.1
y/y 102442.9%
1.9-0.576.6
y/y -0.6%
43.5
y/y -0.7%
0.4%4.1Report (PDF)
2025-09-30Q3 2025 (3M)OK9.7
y/y -3.8%
—
y/y -81.7%
0.8
y/y -2.5%
—
y/y -38.4%
0.1
y/y -84.0%
0.6-0.376.4
y/y -2.9%
43.2
y/y -0.3%
0.4%5.3Report (PDF)
2025-06-30Q2 2025 (3M)OK8.0
y/y -4.9%
—
y/y —
0.8
y/y -3.2%
—
y/y —
0.0
y/y -92.4%
0.8-0.276.5
y/y -1.9%
43.1
y/y -0.4%
0.2%5.4Report (PDF)
2025-03-31Q1 2025 (3M)OK7.7
y/y -8.6%
0.2
y/y -72.6%
0.8
y/y -1.9%
1.1
y/y -39.2%
0.0
y/y -91.0%
0.4-0.176.6
y/y -5.4%
43.8
y/y 0.0%
0.4%5.1Report (PDF)
2024-12-31Q4 2024 (3M)OK9.9
y/y —
-0.8
y/y —
0.8
y/y —
0.0
y/y —
0.0
y/y —
1.9-0.577.0
y/y —
43.8
y/y —
1.7%5.2Report (PDF)
2024-09-30Q3 2024 (3M)OK9.9
y/y —
1.3
y/y —
0.8
y/y —
2.1
y/y —
0.2
y/y —
1.4-0.378.7
y/y —
43.4
y/y —
2.2%3.5Report (PDF)
2024-06-30Q2 2024 (3M)OK8.0
y/y —
-0.2
y/y —
0.8
y/y —
0.6
y/y —
0.0
y/y —
0.5-0.478.0
y/y —
43.3
y/y —
2.3%7.2Report (PDF)
2024-03-31Q1 2024 (3M)OK8.4
y/y —
0.9
y/y —
0.8
y/y —
1.7
y/y —
0.5
y/y —
0.6-0.381.0
y/y —
43.8
y/y —
—6.6Report (PDF)

Net debt structure (leases included, IFRS 16) 2026-06-30

Short-term debt (incl. ST leases)3 447 696
Long-term debt (incl. LT leases)3 119 500
− Cash & equivalents3 637 200
Net debt2 929 996

Net debt / LTM EBITDA: 0.6x

Revenue & EBITDA

RevenueEBITDA

Quarterly values (Rp mln)

02 000 0004 000 0006 000 0008 000 00010 000 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

-40%-20%0%20%2024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

Operating and investing cash flow (OCF + ICF) (Rp mln)

0500 0001 000 0001 500 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Net debt / cash (Rp mln)

02 000 0004 000 0006 000 0008 000 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Profit and cash

Worth a look
In a typical year of 2024–2025 operating cash flow came to 13.33x of reported net profit; after capex, 9.21x.
year20242025
cash flow / profit5.90x20.76x
accruals, % of assets-4.6%-4.6%
Last twelve months (to 2026-06-30): 12.77x of profit came back as operating cash flow.
net debt / EBITDA 4.1x · capex 0.4x of depreciation
● Capex is 39% of depreciation - the asset base is being consumed faster than replaced.
● Net debt / EBITDA 4.1x at the last full year.
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Research & reviews

Our earnings breakdowns and investment notes on this issuer.

All research →

Indonesia — currency context

USD/IDR18183
1-week+1.1%
1-month+1.1%
room to 52w-weakest0.0%
DXY (dollar index)102.3
US 10Y5.02%

A weaker rupiah lowers the USD value of Indonesian equities for a foreign holder; for banks, BI's high policy rate (defending the currency) pressures margins.

as of 2026-10-28 (Yahoo)

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-05-2128.33 IDREx-dividend: 28.33 IDR per sharePaidYahoo Finance (ex-div)
2025-06-0596.2152 IDREx-dividend: 96.2152 IDR per sharePaidYahoo Finance (ex-div)
2024-05-1684.7278 IDREx-dividend: 84.7278 IDR per sharePaidYahoo Finance (ex-div)
2023-05-04245.19 IDREx-dividend: 245.19 IDR per sharePaidYahoo Finance (ex-div)
2022-04-11172.161 IDREx-dividend: 172.161 IDR per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Investor reporting (IR): https://sig.id/en/investor-relations/

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Semen Indonesia (SMGR) — from primary filings.

Frequently asked questions

What is Semen Indonesia (SMGR)'s P/E ratio?
Semen Indonesia (SMGR) trades at a P/E of 51.2x (price to trailing 12-month earnings).
What is Semen Indonesia (SMGR)'s EV/EBITDA?
Semen Indonesia (SMGR) trades at 2.5x EV/EBITDA.
What is Semen Indonesia (SMGR)'s P/B ratio?
Semen Indonesia (SMGR) trades at a P/B of 0.2x.
What is Semen Indonesia (SMGR)'s dividend yield?
Semen Indonesia (SMGR)'s trailing 12-month dividend yield is 2.1%.
What is Semen Indonesia (SMGR)'s return on equity (ROE)?
Semen Indonesia (SMGR)'s ROE is 1.0%.
What is Semen Indonesia (SMGR)'s market capitalization?
Semen Indonesia (SMGR)'s market cap is 9194.0 bn IDR.

See also: Indonesian Stocks (2026): The Cheapest Big Emerging Market · The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map