Financials PT Suryamas Dutamakmur Tbk

Equities

SMDM

ID1000067408

Real Estate Development & Operations

End-of-day quote INDONESIA S.E. 06:00:00 2024-07-03 pm EDT 5-day change 1st Jan Change
185 IDR +2.78% Intraday chart for PT Suryamas Dutamakmur Tbk +13.50% -4.64%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 658,555 567,884 491,530 935,339 863,757 925,795
Enterprise Value (EV) 1 782,579 689,546 532,130 747,386 614,814 700,016
P/E ratio 19.6 x 22.6 x -602 x 9.26 x 5.29 x 8.9 x
Yield - - - - - -
Capitalization / Revenue 1.22 x 1 x 1.27 x 1.65 x 1.52 x 1.86 x
EV / Revenue 1.45 x 1.21 x 1.38 x 1.32 x 1.09 x 1.41 x
EV / EBITDA 5.53 x 5.51 x 8.1 x 4.89 x 2.93 x 5.48 x
EV / FCF 92 x 56.9 x 7.44 x 3.97 x 28.2 x 22.6 x
FCF Yield 1.09% 1.76% 13.4% 25.2% 3.54% 4.43%
Price to Book 0.37 x 0.32 x 0.28 x 0.49 x 0.42 x 0.43 x
Nbr of stocks (in thousands) 4,772,138 4,772,138 4,772,138 4,772,138 4,772,138 4,772,138
Reference price 2 138.0 119.0 103.0 196.0 181.0 194.0
Announcement Date 3/26/19 5/27/20 3/25/21 3/29/22 3/29/23 4/1/24
1IDR in Million2IDR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 539,302 569,374 386,541 567,052 566,403 496,498
EBITDA 1 141,555 125,206 65,713 152,934 209,950 127,780
EBIT 1 118,932 106,639 44,574 139,871 196,874 115,421
Operating Margin 22.05% 18.73% 11.53% 24.67% 34.76% 23.25%
Earnings before Tax (EBT) 1 96,846 84,613 25,338 130,242 192,413 107,805
Net income 1 33,750 25,206 -818.4 101,272 163,777 104,238
Net margin 6.26% 4.43% -0.21% 17.86% 28.92% 20.99%
EPS 2 7.054 5.268 -0.1710 21.17 34.23 21.79
Free Cash Flow 1 8,508 12,129 71,556 188,350 21,765 30,986
FCF margin 1.58% 2.13% 18.51% 33.22% 3.84% 6.24%
FCF Conversion (EBITDA) 6.01% 9.69% 108.89% 123.16% 10.37% 24.25%
FCF Conversion (Net income) 25.21% 48.12% - 185.98% 13.29% 29.73%
Dividend per Share - - - - - -
Announcement Date 3/26/19 5/27/20 3/25/21 3/29/22 3/29/23 4/1/24
1IDR in Million2IDR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 124,024 121,661 40,600 - - -
Net Cash position 1 - - - 187,953 248,943 225,779
Leverage (Debt/EBITDA) 0.8762 x 0.9717 x 0.6178 x - - -
Free Cash Flow 1 8,508 12,129 71,556 188,350 21,765 30,986
ROE (net income / shareholders' equity) 3.38% 2.83% 0.71% 4.34% 6.27% 3.23%
ROA (Net income/ Total Assets) 2.36% 2.09% 0.87% 2.69% 3.66% 2.07%
Assets 1 1,430,343 1,204,856 -94,229 3,768,246 4,476,851 5,027,150
Book Value Per Share 2 368.0 373.0 374.0 398.0 432.0 454.0
Cash Flow per Share 2 16.70 19.30 16.70 49.10 65.60 67.40
Capex 1 17,862 6,331 2,993 1,918 1,961 3,615
Capex / Sales 3.31% 1.11% 0.77% 0.34% 0.35% 0.73%
Announcement Date 3/26/19 5/27/20 3/25/21 3/29/22 3/29/23 4/1/24
1IDR in Million2IDR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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