Financials PT Bumi Serpong Damai Tbk

Equities

BSDE

ID1000110802

Real Estate Development & Operations

End-of-day quote INDONESIA S.E. 06:00:00 2024-07-11 pm EDT 5-day change 1st Jan Change
1,030 IDR +4.04% Intraday chart for PT Bumi Serpong Damai Tbk +7.29% -4.63%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 23,830,850 25,618,909 21,122,529 19,240,324 22,586,467 21,540,797 - -
Enterprise Value (EV) 2 30,378 31,823 25,350 19,240 23,612 21,797 19,724 21,663
P/E ratio 8.54 x 86.8 x 15.7 x 7.91 x 11.6 x 7.91 x 7.92 x 7.28 x
Yield - - 0.09% - - 0.84% 1.9% 1.11%
Capitalization / Revenue 3.36 x 4.15 x 2.76 x 1.88 x 1.96 x 1.92 x 1.92 x 1.86 x
EV / Revenue 4.29 x 5.15 x 3.31 x 1.88 x 2.05 x 1.94 x 1.76 x 1.88 x
EV / EBITDA 9.64 x 12.3 x 8.31 x 4.32 x 6.28 x 4.88 x 4.48 x 4.73 x
EV / FCF 25.8 x 23.9 x 7.74 x - -67.3 x 9.21 x 12.5 x 10.3 x
FCF Yield 3.88% 4.18% 12.9% - -1.48% 10.9% 8.02% 9.7%
Price to Book 1.24 x 0.85 x 0.68 x - 0.62 x 0.53 x 0.51 x 0.48 x
Nbr of stocks (in thousands) 18,988,725 20,913,395 20,913,395 20,913,395 20,913,395 20,913,395 - -
Reference price 3 1,255 1,225 1,010 920.0 1,080 1,030 1,030 1,030
Announcement Date 3/27/20 3/31/21 3/31/22 3/10/23 3/14/24 - - -
1IDR in Million2IDR in Billions3IDR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 7,085 6,181 7,655 10,235 11,539 11,241 11,196 11,552
EBITDA 1 3,152 2,585 3,052 4,457 3,760 4,468 4,405 4,577
EBIT 1 2,793 2,204 2,629 4,039 3,299 3,974 3,859 3,987
Operating Margin 39.42% 35.66% 34.35% 39.46% 28.59% 35.35% 34.47% 34.51%
Earnings before Tax (EBT) 1 3,165 502.1 1,547 2,662 2,658 3,730 3,241 3,719
Net income 1 2,791 281.7 1,349 2,433 1,945 2,718 2,606 2,843
Net margin 39.4% 4.56% 17.62% 23.77% 16.86% 24.18% 23.28% 24.61%
EPS 2 147.0 14.12 64.49 116.3 93.02 130.3 130.1 141.5
Free Cash Flow 3 1,179,345 1,328,876 3,276,086 - -350,599 2,365,950 1,582,616 2,100,950
FCF margin 16,645.98% 21,500.8% 42,797.79% - -3,038.34% 21,047.13% 14,135.66% 18,187%
FCF Conversion (EBITDA) 37,414.41% 51,406.6% 107,352.96% - - 52,958.76% 35,928.73% 45,907.26%
FCF Conversion (Net income) 42,248.98% 471,733.1% 242,920.84% - - 87,047.52% 60,724.5% 73,895.63%
Dividend per Share 2 - - 0.9230 - - 8.649 19.53 11.39
Announcement Date 3/27/20 3/31/21 3/31/22 3/10/23 3/14/24 - - -
1IDR in Billions2IDR3IDR in Million
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 2,488 2,027 1,809 3,310 3,090 2,876 2,122 2,310 4,231 3,774 2,189 2,737 3,284 - -
EBITDA 1 960.9 800.5 566.1 1,361 1,730 1,312 783.5 1,103 561.2 - 824.2 1,030 1,236 - -
EBIT 1 855.5 694.5 460.7 1,255 1,629 1,198 565.7 763.7 771.5 1,792 716.1 895.1 1,074 - -
Operating Margin 34.39% 34.27% 25.47% 37.92% 52.72% 41.65% 26.65% 33.06% 18.24% 47.48% 32.71% 32.71% 32.71% - -
Earnings before Tax (EBT) - - - - - - - - - - - - - - -
Net income - - - - - - - - - - - - - - -
Net margin - - - - - - - - - - - - - - -
EPS 2 19.98 16.64 5.530 21.74 72.43 42.27 15.15 27.17 8.430 68.71 26.29 32.86 39.43 - -
Dividend per Share 2 - - - - - - - - - - 1.536 1.920 2.305 2.498 1.998
Announcement Date 3/31/22 4/28/22 7/28/22 10/31/22 3/10/23 4/28/23 7/31/23 10/30/23 3/14/24 4/30/24 - - - - -
1IDR in Billions2IDR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 6,547 6,204 4,228 - 1,025 256 - 122
Net Cash position 1 - - - - - - 1,816 -
Leverage (Debt/EBITDA) 2.077 x 2.4 x 1.385 x - 0.2727 x 0.0573 x - 0.0267 x
Free Cash Flow 2 1,179,345 1,328,876 3,276,086 - -350,599 2,365,950 1,582,616 2,100,950
ROE (net income / shareholders' equity) 10.1% 0.95% 4.38% - 5.55% 6.82% 6.58% 6.9%
ROA (Net income/ Total Assets) 5.24% 0.49% 2.2% - 2.95% 4.55% 3.64% 4.5%
Assets 1 53,273 57,702 61,166 - 65,915 59,736 71,600 63,181
Book Value Per Share 3 1,008 1,440 1,486 - 1,744 1,953 2,004 2,140
Cash Flow per Share 3 106.0 73.40 158.0 - 40.20 98.00 102.0 -
Capex 1 838 135 841 - 1,191 1,127 900 784
Capex / Sales 11.82% 2.19% 10.99% - 10.32% 10.02% 8.04% 6.79%
Announcement Date 3/27/20 3/31/21 3/31/22 3/10/23 3/14/24 - - -
1IDR in Billions2IDR in Million3IDR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
14
Last Close Price
1,030 IDR
Average target price
1,323 IDR
Spread / Average Target
+28.42%
Consensus
  1. Stock Market
  2. Equities
  3. BSDE Stock
  4. Financials PT Bumi Serpong Damai Tbk