Sunday, November 13, 2011

SMCB: Q3/2011 Result

SMCB                       Date : 11-11-11
               Financial Performance (in billion Rp)
                          www.investdata.net
             
                                  2011                        2010|  2009|
         11-11-11 ....Q3 ....Q2 ....Q1|....Q4 ....Q3 ....Q2 ....Q1|....Q4|
---------- ------ ------ ------ ====== ------ ------ ------ ====== ------
Sales              5.408  3.539  1.681  5.960  4.287  2.852  1.369  5.943
COGS               3.448  2.294  1.094  3.711  2.670  1.845    867  3.694
Gross Marg         1.959  1.245    586  2.249  1.617  1.006    501  2.249
GM (%)                36     35     34     37     37     35     36     37
Opr Profit         1.178    725    330| 1.333  1.007    590    312| 1.398
OP (%)                21     20     19     22     23     20     22     23
Net Profit           740    457    209|   828    619    370    204|   895
NP (%)                13     12     12     13     14     12     14     15
---------- ------ ------ ------ ====== ------ ------ ------ ====== ------
Stk Price   1.890  1.780  2.200  2.025| 2.250  2.425  2.175  2.075| 1.550
Book Value           938    926    917|   890    512    483    459|   432
PBV          2,01   1,90   2,38   2,21|  2,53   4,73   4,50   4,51|  3,58
DER                 0,47   0,49   0,51|  0,53   0,87   1,02   1,06|  1,19
---------- ------ ------ ------ ====== ------ ------ ------ ====== ------
ROE (%)               13     12     11|    12     21     20     23|    27
ROE (Qtr)             15     13     11     12     25     17     23     39
ROA (%)                9      8      7|     7     11      9     11|    12
Opr prof/share       153     94     43|   174    131     77     40|   182
EPS                   96     59     27|   108     80     48     26|   116
EPS (Qtr)             36     32     27|    27     32     21     26|    42
EPS (Annu)           128    119    109|   108    107     96    106|   116
PER         14,67  13,82  18,44  18,56| 20,81  22,50  22,50  19,40| 13,26
PER (Qtr)   12,78  12,04  17,00  18,56| 20,62  18,66  25,18  19,40|  9,02
---------- ------ ------ ------ ====== ------ ------ ------ ====== ------
COP (year)   9,22   8,68  11,62  11,72  12,93  13,84  14,11  12,73   8,49
CLOP(year)  11,36  10,82  14,04  14,45  15,64  16,37  17,30  15,72  11,32
CLOP(Qtr)    9,85   9,38  12,92  14,45  15,99  13,19  18,35  15,72   8,00
---------- ------ ------ ------ ====== ------ ------ ------ ====== ------
Sales Growth(%)       26     24     22      0
Op.Prof Growth(%)     16     22      6     -4
Net.Prof/EPS Grow     19     23      2     -7
PEG (<1)            0,71   0,79   9,24| -2,77
---------- ------ ------ ------ ====== ------ ------ ------ ====== ------
Sales(Qtr)         1.868  1.857  1.681  1.673  1.434  1.483  1.369  1.784
COGS (Qtr)         1.154  1.199  1.094  1.041    824    978    867  1.048
Gross Marg(Qtr)      714    658    586    632    610    504    501    736
GM (%)                38     35     34     37     42     34     36     41
OP.PR (Qtr)          452    394    330    326    416    278    312    494
OP %                  24     21     19     19     29     18     22     27
NET.PR (Qtr)         283    247    209    209    249    165    204    329
NP %                  15     13     12     12     17     11     14     18
---------- ------ ------ ------ ====== ------ ------ ------ ====== ------
Asset             10.551 10.609 10.640|10.437  7.332  7.469  7.255| 7.265
Liability          3.356  3.512  3.611| 3.614  3.402  3.764  3.731| 3.950
Equity             7.195  7.096  7.028| 6.822  3.930  3.704  3.523| 3.314
Capitalis. 14.482 13.639 16.858 15.517|17.241 18.582 16.666 15.900|11.877
Share(mil)         7.662  7.662  7.662  7.662  7.662  7.662  7.662  7.662
---------- ------ ------ ------ ====== ------ ------ ------ ====== ------
 
See ERROR and OMISSION


Attached, please find SMCB:Q3/2011 Result
- http://www.investdata.net/QQGSMCB.TXT
Date: 11-11-11                        FINANCIAL RATIO COMPARISON
                                           Sector: CEMENT
                               Ranked by: YoY Operating Profit Growth
                                          www.investdata.net 
 
|-- ---- ------- --- --- --- ---- ---- --- ---------- ===--------- ===------ --------- ----------- ----------- ----- ------ --------
|  |    |       |(1) (2) (3)| (4)  (5)|(6)|    (7)   |     (10)   |   (8)   |   (9)   |(11)(12)(13|(14)(15)(16| (17)| (18) | MARKET|
|  |    | SALES |GRS OPR NET|         |ROA|    ROE   |     PER    |   COP   |   CLOP  |YoY GROWTH |Q3/Q2 GROWT|     | LAST |  CAP. |
|NO|STOC|bio Rp |MAR PRF PRF| PBV  DER|   |      |*LAST*|         |         |         |    OPR NET|    OPR NET| PEG |PRICE |bio Rp |
|  |    |mio USD| %   %   % |         |   | Q2 Q3|QUARTR|TDY Q3 Q2|TDY Q3 Q2|TDY Q3 Q2|SAL PRF PRF|SAL PRF PRF|     |      |mio Usd|
|-- ---- ------- === === === ==== ==== === === ---****** --- -- -- === -- -- === -- -- --- --- === --- *** *** =====|======|=======|
| 1 SMCB   5.408| 36  21  13| 2,0| 0,4|  9| 12  13|15 12|14| 13 18| 9|  8 11|11| 10 14| 26  16| 19|  0  14| 14| 0,75| 1.890| 14.482|
| 2 INTP   9.779| 46  32  26| 3,7| 0,1| 20| 25  23|23 16|15| 14 18|12| 12 14|13| 12 15| 20   7|  8|  1   3| -0| 1,87|14.900| 54.850|
| 3 SMGR  11.610| 45  29  23| 4,1| 0,3| 20| 29  27|26 15|14| 13 15|12| 10 12|13| 11 13| 12   6|  9| -1  -6|-11| 1,57| 9.200| 54.569|
|-- ---- ------- === === === ==== ==== === === --- ====== -- -- -- === -- -- === -- -- --- --- === --- --- === =====|======|=======|
 
1. GRS MRG: Gross Margin to Sales (in %)
2. OPR PRF: Operating Profit to Sales (in %)
3. NET PRF: Net Profit to Sales (in %)
4. PBV: Stock Price to Book value
5. DER: Debt Equity Ratio
6. ROA: Return On Asset (in %)
7. ROE: Return On Equity (in %)
         QTR: ROE Quartely, using Most Recent Quarter's Net Profit
8. COP: Capitalisation to Operating Profit (in years)
9. CLOP: Capitalisation + Liability to Operating profit (in years)
10. PER: Price Earning Ratio
         QTR: PER using Most Recent Quarter's Net Profit
11. Sales Growth in % (Year on Year comparison)
12. Operating Profit Growth in % (YOY comparison)
13. Net Profit Growth in % - (YOY comparison)
14. Sales Growth in % - (Most Recent Quarter comparison)
15. Operating Profit Growth in % - (MRQ comparison)
16. Net Profit Growth in % - (MRQ comparison)
17. PEG = PER / Net Profit Growth

Cement sector comparison:
- http://www.investdata.net/QZB3CEM2.TXT

Note:
- Holcim punya growth yg terbaik pada sector semen

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