Summarecon Agung
PT Summarecon Agung Tbk is an Indonesian real estate construction and development company. With 40 years of experience, the company is one of the leading property firms in Indonesia, particularly regarding township development, the core business of Summarecon Agung. Township development includes residential and commercial development (supported by infrastructure and facilities such as schools and hospitals), shopping malls, hotels and golf courses.
Profil
Industry Sector | Property, Real Estate and Building Construction |
Industry Sub Sector | Property and Real Estate |
Established | 26 November 1975 |
Listed | 7 May 1990 |
Listed Company Code | SMRA |
Listed Shares | 7,213,390,840 |
Dividend | Yes |
Major Shareholders (>5%) | Semarop Agung (25.43%) Sinarmegah Jayasentosa (6.60%) Mellon Bank Na S/A Stichting D (5.61%) |
Key Subsidiaries | Bahagia Makmursejati Unota Persadajaya Citra Damai Agung Serpong Cipta Kreasi Summarecon Property Development |
Stock Quote Summarecon Agung - SMRA:
Business Summary
Summarecon Agung’s business is divided in three segments:
• Property Development
• Property Investment and Management
• Leisure, Hospitality and Others
Property Development
The core business of Summarecon is property development. This business segment involves that development of property products for sale, such as residential houses, apartments, residential land plots and commercial shop-lots. These property projects also include supporting facilities such as education, sports & recreation facilities, places of worship, healthcare facilities and malls. Summarecon is currently developing three townships: Summarecon Kelapa Gading, Summarecon Serpong and Summarecon Bekasi.
Property Investment and Management
Summarecon develops property which is retained and leased to third parties, particularly retail shopping malls. This structure provides a good source for recurring income. In each township there is an area designated as a central business district and includes a shopping mall. Summarecon currently owns a total of 380,000 m² of retail space. This involves 300,000 m² of retail space in Sentra Kelapa Gading (North Jakarta) and Sentra Gading Serpong, and another 80,000 m² in Sentra Bekasi.
Leisure, Hospitality and Others
Property projects within the Leisure and Hospitality business segment are important amenities that contribute to the development of a successful township. This includes world class sports facilities (golf courses, swimming pools, fitness centers), restaurants, recreational centers, resorts, hotels and more.
Revenue per Business Segment:
Business Segment | 2011 | 2012 | 2013 | 2014 | 2015 |
Property Development | 1,660,046 | 2,502,231 | 2,884,256 | 4,205,553 | 3,977,367 |
Property Investment & Management | 573,629 | 786,259 | 886,680 | 1,117,125 | 1,241,908 |
Leisure & Hospitality and Others | 125,656 | 174,673 | 322,854 | 434,306 | 404,285 |
Total Revenue |
2,359,331 | 3,463,163 | 4,093,789 | 5,756,984 | 5,623,561 |
in IDR million
Source: Summarecon Agung, Annual Report 2015
Summarecon Agung's Financial Highlights:
2010 | 2011 | 2012 | 2013 | 2014 | 2015 | |
Net Revenues | 1,701 | 2,359 | 3,463 | 4,549 | 5,757 | 5,624 |
Gross Profit | 753 | 1,047 | 1,592 | 2,441 | 3,057 | 2,907 |
Net Income | 233 | 392 | 798 | 1,110 | 1,364 | 877 |
Operating Income |
399 | 564 | 1,011 | 1,382 | 2,096 | 1,791 |
Total Assets | 6,140 | 8,099 | 10,879 | 14,255 | 15,873 | 18,758 |
Total Liabilities | 3,982 | 5,622 | 7,064 | 9,257 | 9,456 | 11,229 |
Earnings per Share¹ |
35 | 57 | 57 | 76 | 96 | 59 |
Cash Dividend per Share¹ |
10 | 23 | 43 | 23 | 20 |
in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
Source: Summarecon Agung, Annual Report 2015
Forecast Future Financial Highlights of Summarecon Agung:
2018 | 2019 | 2020F | 2021F | |
Net Sales | 5,661.0 | 5,942.0 | 5,269.0 | 5,216.0 |
EBITDA | 1,842.0 | 1,858.0 | 1,399.0 | 1,389.0 |
Net Income | 449.0 | 515.0 | 155.0 | 179.0 |
P/E Ratio (x) |
32.2 | 28.0 | 93.0 | 80.7 |
P/B Ratio (x) | 2.1 | 2.0 | 1.9 | 1.9 |
in billion IDR rupiah, except stated otherwise
Source: Danareksa Sekuritas (10/09/2020)
Lokasi
Detail Kontak
Jalan Perintis Kemerdekaan No. 42
East Jakarta
Phone: +62 21 489 2107
Fax: +62 21 489 2976
Email: corp_secretary@summarecon.com
www.summarecon.com