Dear Mr. A. Jatmiko

We are very sorry because we are late to posting our final assignment about analysis summary. It is because there is an conflict about the email and the notification that related to this blog e-mail.

Thank you for your consideration on the matter.


-Wall-Street Team-

The Summary of Final Assignment: Analysis of SMGR Tbk.

Based on its Efficiency analysis, PT Semen Gresik has good ability to use its assets effectively, because we can see from the term-over of its inventory, fixed assets, and total assets that on average each only experience turn over as many as 4, 2, 1 times in a year, and this company also can collect account receivable from its customers or clients, in relatively short period of time, that is about less than 2 months. But if we compare the efficiency ratios of 2006 with the previous year, that is 2005, it experience the increases, which means the ability of its company go use its assets decreased, although the increases is small, don’t reach 2 %.

Liquidity Ratios measure the ability of the company to pay its immediate payment obligations or current liabilities. From the calculation of its current ratio the amount in each year shows more than 1, which means the company will not have the problem to pay it short-term liabilities. And if we can see from its trend analysis the firm liquidity ratios increased from the previous year. That means that the flexibility of assets of its company to meet the payment obligation is also increased.

The leverage ratio is the combination of funds and capital used by company to finance the assets of the company also measure the degree of financial risk of the company.  If we compare the the debt equity with its previous year, it decreases, which mean that the risk of this company also has decreased. We assume, it is because the increasing of the assets that are financed by equity, that is from 61,49 % (2005) to 73,36 % (2006), while the company has dcreased the use of debt to finance the its assets.

Profitability ratio is used to measure the ability of the company to earn profit.  All the profitability ratios in 2006 increased from the previous year, except the net profit margin ratio. But the higher the net profit margin, the more profitable company is. So we can assume that the company has good ability to earn profit, which also reveal the effectiveness of its company in operating its business.

            There are so many advantages if we analyse the data and the graph. We can know generally the financial condition from one comany and compare the open and closing price to know that day the company gain profit or loss. We can know the enthusiastic buyer of an enterprise of the data volume. From all this data we can analyse the trend in market at one company. This will help us to get the profit from stock investing.

            We can look from the data above, it show us that this company has big change for the price or point on each day. Beside that, most of the price, will be closed lower in the end (has lower closing price) though the price is not going decrease far away compare with the opening price.

If we pay our attention, having stock by investing your money in this company often give us big risk (we can know it from the average and the standard deviation) because this company has big dispersion. May be it is caused by the fluctuations that related with the sales transactions of this company. In other hand, still many people want to buy this company’s stock because may be we can not forecast the price of it trully right, but it can so give them big profit because of one big deals in the company that makes the price of the stock increase farly. May be it wiser if we have this kind of stock, then we play it as a long-term investment than short-term investment.

PT. SEMEN GRESIK (PERSERO) Tbk. Company Profile

          PT. Semen Gresik (Persero) Tbk or known as SMGR(.jk). Is a big company that engage in cement industry. This company has a long history. It was established in August 7, 1957. Why it called Semen Gresik? Because it is inaugurated at Gresik by our first president. Finally on July 8, 1991, it was go public; which is mean Semen Gresik sell  its stocks. It was listed at the Jakarta Stock Exchange and Surabaya Stock Exchange and was the first State-owned Enterprise publicly listed by offering 40 million shares to the public. Its shareholding composition was Government 73% and the Public 27%. September 5, 1995 it made an consolidation with PT. Semen Padang and PT. Semen Tonasa that is why created name Semen Gresik Group (SGG).

This company is the first company that belongs to BUMN which is go public. This company firstly sold its share by offering on 40,000,000 common shares with nominal of IDR 1,000 per share with IDR 7,000 price offered each share.

About the product, this company sell:

1.      Portland Cement Type 1 or Ordinary Portland Cement (OPC). This type of cement is used to common or general construction.

2.      Portland Cement Type 2 or cement that has defense to sulfate and middle hydras.

3.      Portland Cement Type 3

4.      Portland Cement Type 5

5.      Special Blended Cement (SBC)

6.       Portland Pozzolan Cement (PPC).

Now, this company become bigger and has many branches company. The locations are very strategic. There are located at Sumatera, Java, and Sulawesi.Semen Gresik Group (SGG) is capable supply the needs of cement in the whole place and region in our country that supported by thousands distributor, sub-distributor, and shops. Beside that, it also supply its product to foreign country such as: Singapore, Malaysia, Korea, Vietnam, Taiwan, Hongkong, Camboja, Bangladesh, Yaman, Norfolk USA, Australia, Canary Island, Mauritius, Nigeria, Mozambik, Gambia, Benin and Madagaskar.

For further information about the specific locations of SGG; here is the list:

a.       Semen Padang

It has 4 cement factories. The capacity is reach out of 6 million ton of cements each year, located at Indrarung, West of Sumatera. Semen Padang has 5 places of resource; Teluk Bayur, Belawan, Batam, Tanjung Priok, and Ciwandan.

b.      Semen Gresik

It has 3 factories which has capacity 8,5 million ton of cements that located at; Tuban, East Java. It has 2 harbor those are: Specific harbor Semen Gresik at Tuban and Gresik.

c.       Semen Tonasa

It has 3 factories of cement. The capacity is reach out of 3.48 million ton of cements in each year. Located at Pangkep, South Sulawesi. It has 7 places of resource; those are: Biringkasi, Makassar, Samarinda, Banjarmasin, Bitung, Palu, Ambon, Celukan Bawang, and Bali.