Added to YB: 2026-06-23
Pitch date: 2026-06-19
SMSM.JK [bullish]
PT Selamat Sempurna Tbk
Author Info
Tiger Thesis is a professional and licensed analyst from Indonesia who analyzes the Asian financial markets. My goal is to give the best value for you as a foreign investor to get that local level understanding of Indonesian companies. Sign up for the newsletter.
Company Info
PT Selamat Sempurna Tbk manufactures and sells tools or equipment for vehicles, heavy equipment, and other machinery in Indonesia and internationally.
Market Cap
IDR 9.4T
Pitch Price
N/A
Price Target
N/A
Dividend
8.23%
EV/EBITDA
5.15
P/E
8.52
EV/Sales
1.63
Sector
Automobile Components
Category
value
Selamat Sempurna (SMSM IJ): The Boring Business Quietly Powering AI and The Future, Why Selamat Sempurna May Be a Long-Term Winner and a Beneficiary of Indonesia’s New Biodiesel Regulations
SMSM.JK: Indonesian filter maker, 2/3 sales from heavy-duty/industrial (mining, trucks, construction). Recurring consumable revenue, 19% rev CAGR over 32yrs, high ROE. Moat via OEM relationships + Donaldson JV. Tailwinds: AI/mineral mining, SE Asia industrialization, B50 biodiesel boosting filter replacement. Hartono family controls, mgmt owns big stake. Q1'26 soft (rev -2%, NI -4.5%) on weak Europe, but Asia/Americas/Africa strong. Trades at 8x P/E (historic low), author sees high double-digit returns.
Read full article (11 min)