Salim Ivomas Pratama
PT Salim Ivomas Pratama Tbk is one of Indonesia's largest vertically integrated agribusiness companies. The company is a leading manufacturer of edible oils and fats (branded cooking oil, margarine and shortening). Its principal activities span the entire supply chain from research and development, oil palm seed breeding, oil palm cultivation and milling to refining, branding and marketing of cooking oil, margarine, shortening and other palm oil derivative products. As a diversified agribusiness group, Salim Ivomas Pratama is also engaged in the cultivation of rubber, sugar cane and other crops as well as the crushing of copra.
Profil
Industry Sector | Agriculture |
Industry Sub Sector | Plantation |
Established | 12 August 1992 |
Listed | 9 June 2011 |
Listed Company Code | SIMP |
Listed Shares | 15,816,310,000 |
Dividend | Yes |
Major Shareholders (>5%) | Indofood Agri Resources Ltd (72.00%) Indofood Sukses Makmur (6.71%) |
Key Subsidiaries | PP London Sumatra Indonesia Lajuperdana Indah Mega Citra Perdana |
Komoditi Utama |
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Stock Quote Salim Ivomas Pratama - SIMP:
Business Summary
Salim Ivomas Pratama has two business divisions:
• Plantations Division; engages in the commercial cultivation of oil palm plantations. Most of the revenue is generated through the sale of crude palm oil (CPO), fresh fruit bunches (FFB) and palm kernel. Other commodities that are cultivated include sugar and rubber.
• Edible Oils & Fats Division; engages in the manufacture and sale of palm oil-based cooking oil, margarine and shortening for the domestic and overseas markets.
The company owns large planted areas in Sumatra (Riau, North and South Sumatra), Kalimantan (West and East Kalimantan), Sulawesi and Java.
In June 2011, the company conducted an initial public offering (IPO) on the Indonesia Stock Exchange (IDX). Through this corporate action it raised IDR 3.3 trillion.
Salim Ivomas Pratama owns a 59.5 percent stake in Perusahaan Perkebunan London Sumatra Indonesia (Lonsum).
Salim Ivomas Pratama's Operational Highlights:
2011 | 2012 | 2013 | 2014 | 2015 | 2016 | |
Oil Palm (Planted Area) in hectares |
216,837 | 230,919 | 239,921 | 246,055 | 246,359 | 247,430 |
Rubber (Planted Area) in hectares |
22,185 | 21,802 | 21,759 | 21,697 | 21,338 | 20,115 |
Sugar Cane (Planted Area) in hectares |
12,255 | 12,333 | 11,645 | 13,062 | 13,358 | 13,249 |
Fresh Fruit Bunches in thousand tons |
2,797 | 2,973 | 2,895 | 3,259 | 3,414 | 2,981 |
Crude Palm Oil in thousand tons |
838 | 880 | 810 | 956 | 1,002 | 833 |
Palm Kernel in thousand tons |
195 | 207 | 187 | 218 | 235 | 201 |
Rubber in thousand tons |
17 | 17 | 16 | 16 | 16 | 13 |
Sugar in thousand tons |
20 | 62 | 76 | 73 | 67 | 66 |
Source: Salim Ivomas Pratama, Annual Report 2016
Salim Ivomas Pratama's Financial Highlights:
2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | |
Net Sales | 9,484.3 | 12,605.3 | 13,844.9 | 13,279.8 | 14,962.7 | 13,835.4 | 14,530.9 |
Gross Profit | 3,545.5 | 4,341.8 | 3,894.3 | 2,906.2 | 4,035.2 | 3,100.5 | 3,449.9 |
Operating Profit | 2,239.5 | 3,136.5 | 2,446.9 | 1,730.2 | 2,480.0 | 1,631.9 | 2,050.3 |
EBITDA |
3,142.5 | 3,945.5 | 3,210.4 | 2,346.8 | 3,362.9 | 2,511.0 | 3,327.3 |
Net Income |
971.0 | 1,666.6 | 1,156.9 | 493.5 | 865.8 | 264.5 | 538.3 |
Total Assets | 21,063.7 | 25,510.3 | 26,574.4 | 28,065.0 | 30,996.1 | 31,967.1 | 32,537.6 |
Total Liabilities | 11,324.6 | 10,339.2 | 10,482.4 | 12,367.0 | 14,583.9 | 14,465.7 | 14,919.3 |
Basic Earnings per Share¹ |
77 | 115 | 73 | 31 | 56 | 17 | 35 |
in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
Source: Salim Ivomas Pratama, Annual Report 2016
Projection Salim Ivomas Pratama's Future Corporate Earnings:
2018 | 2019 | 2020F | 2021F | 2022F | |
Net Revenue | 14,059.0 | 13,059.0 | 13,259.0 | 14,408.0 | 14,961.0 |
Net Profit | (77.0) | (546.0) | 45.0 | 155.0 | 170.0 |
EBITDA | 2,233.0 | 1,943.0 | 2,595.0 | 2,809 | 2,938.0 |
P/E Ratio (x) | |||||
P/BV (x) |
in billion IDR, unless otherwise stated
Source: Sinarmas Sekuritas (14.05.2020)
Lokasi
Detail Kontak
Sudirman Plaza, Indofood Tower, 22nd Floor
Jalan Jendral Sudirman Kav. 76-78
Jakarta 12910
Phone: +62 21 5795 8822
Fax: +62 21 5793 7503
Email: corporate.secretary@simp.co.id
www.simp.co.id