Indocement Tunggal Prakarsa: a Leading Indonesian Cement Producer
Indocement Tunggal Prakarsa (Indocement), Indonesia's second largest cement producer in terms of market share, has 12 cement plants that are spread across West Java and South Kalimantan. Its Citeureup factory in Bogor (West Java) is currently one of the largest cement factories in the world with an annual installed production capacity of 11.9 million tons of cement. As Indonesia's cement industry has been growing rapidly, along with the country's economic growth, Indocement is busy expanding its operations.
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Indocement Tunggal Prakarsa's Financial Highlights:
| 2008 | 2009 | 2010 | 2011 | 2012 |
|
| Net Revenue | 9,780 | 10,576 | 11,138 | 13,888 | 17,290 |
| Gross Profit |
4,025 | 5,108 | 5,541 | 6,414 | 8,270 |
| EBITDA | 3,059 | 4,263 | 4,683 | 5,082 | 6,650 |
| Net Income |
1,746 | 2,749 | 3,225 | 3,602 | 4,763 |
| Total Assets |
11,287 | 13,277 | 15,346 | 18,151 | 22,755 |
| Total Liabilities | 2,765 | 2,572 | 2,246 | 2,418 | 3,336 |
| Earnings per share¹ |
474 | 746 | 876 | 977 | 1,293 |
| Dividend per share¹ | 40 | 150 | 225 | 263 | 450 |
| P/E Ratio (x) | – | – | – | 23.0 | 17.4 |
in billion IDR (rupiah), unless stated otherwise
¹ in IDR (rupiah)
Source: Indocement Tunggal Prakarsa, Annual Report 2012
Future Forecast Financial Highlights Indocement Tunggal Prakarsa:
| 2011 | 2012 |
2013F | 2014F | 2015F | |
| Net Revenue | 13,888 | 17,290 | 18,759 | 21,050 | 25,266 |
| EBITDA | 5,082 | 6,650 | 6,623 | 7,612 | 9,227 |
| Net Income |
3,602 | 4,763 | 4,931 | 5,858 | 7,106 |
| Earnings per share¹ |
977 | 1,293 | 1,339 | 1,591 | 1,930 |
| P/E Ratio (x) | 23.08 | 17.43 | 16.84 | 14.17 | 11.68 |
in billion IDR (rupiah), unless stated otherwise
¹ in IDR (rupiah)
Sources: Indocement Tunggal Prakarsa, Annual Report 2012 & Investor Daily