Perbandingan kinerja perusahaan publik (terbuka) sektor semen antara SMGR (PT Semen Gresik Tbk), INTP (PT Indocement Tunggal Prakasa Tbk) dan SMCB (PT Holchim Indonesia Tbk)
A. GROWTH of EPS (earning per share) | |||||
| No | Stock | 2011 | 2010 | 2009 | 2008 |
| Code | Annual | Annual | Annual | Annual | |
| 1 | SMGR | +8% | +8% | +33% | +43% |
| 2 | INTP | +11.5% | +17% | +57% | +78% |
| 3 | SMCB | +29% | -8% | +216% | +68% |
Hanya SMCB yang sempat mengalami penurunan EPS di tahun 2010. Secara umum, hasil kinerja selama 4 tahun berturut-turut dari ketiga perusahaan semen selalu meningkat.
B. GROWTH of OPERATING PROFIT | |||||
| No | Stock | 2011 | 2010 | 2009 | 2008 |
| Code | Annual | Annual | Annual | Annual | |
| 1 | SMGR | +8.5% | +3.4% | n/a | n/a |
| 2 | INTP | +9% | +9% | n/a | n/a |
| 3 | SMCB | +23% | -5% | n/a | n/a |
C. GROWTH of SALES | |||||
| No | Stock | 2011 | 2010 | 2009 | 2008 |
| Code | Annual | Annual | Annual | Annual | |
| 1 | SMGR | +14% | -0.3% | +18% | +10% |
| 2 | INTP | +25% | +5% | +8% | +34% |
| 3 | SMCB | +26% | +0.29% | +11% | +28% |
Semen Gresik sempat mengalami sedikit penurunan pendapatan atau penjualan (sales) ditahun 2010.
D. ROE (return on equity) | |||||
| No | Stock | 2011 | 2010 | 2009 | 2008 |
| Code | Annual | Annual | Annual | Annual | |
| 1 | SMGR | 27% | 30% | 33% | 31% |
| 2 | INTP | 23% | 25% | 26% | 21% |
| 3 | SMCB | 14% | 12% | 27% | 11% |
Dari sisi ROE, hanya Holchim Indonesia yang memiliki tingkat return dibawah 20% (meski empat diatas 20% tahun 2009). Sementara 2 kompetitor lainnya selalu membukukan tingkat return diatas 20% selamat 4 tahun berturut-turut.
E. DER (dept to equity ratio) | |||||
| No | Stock | 2011 | 2010 | 2009 | 2008 |
| Code | Annual | Annual | Annual | Annual | |
| 1 | SMGR | 0.35 | 0.30 | 0.26 | 0.31 |
| 2 | INTP | 0.15 | 0.17 | 0.24 | 0.33 |
| 3 | SMCB | 0.45 | 0.53 | 1.19 | 2.03 |
Dari sisi rasio hutang terhadap modal (dept to equity ratio), Indocement dan Holchim cendrung menyusut (makin kecil makin baik). Sementara Semen Gresik cendrung stabil.
Skor (dari yang paling baik) berdasarkan tingkat pertumbuhan dan tingkat kestabilan (versi Saham OKe) :
1. INTP (Indocement)
2. SMGR (Semen Gresik)
3. SMCB (Holchim)
