CGS International cuts Semen Indonesia stock target to IDR 2,500

Published on 10/15/2026 at 19:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue hit IDR 17.65 trillion. Semen Indonesia stock costs EUR 0.08 on October 15, 2026; IDX shares fell 2.14 percent.

Analyst target and valuation

CGS International analyst Bob Setiadi lowered the target to IDR 2,500 on October 9, 2026.
First-half revenue reached IDR 17.65 trillion, according to a September 15, 2026 report.
Semen Indonesia stock costs EUR 0.08 at Lang & Schwarz on October 15, 2026 at 7:15 p.m. CEST, while IDX shares were 2.14 percent below the prior close.
Semen Indonesia traded at a P/E ratio of 28.44 on October 15, 2026.

Semen Indonesia, ID1000106800, Illustration mit AI erstellt.

CGS International analyst Bob Setiadi lowered his target for Semen Indonesia stock to IDR 2,500 from IDR 3,000 in research dated October 9, 2026, according to Kontan. The target remains well above the latest home-market quotation. At Lang & Schwarz, the euro quote stood at EUR 0.08 on October 15, 2026 at 7:15 p.m. CEST.

First-half revenue reaches IDR 17.65 trillion

Semen Indonesia reported first-half 2026 revenue of IDR 17.65 trillion, up 13.10 percent from the year-earlier period, according to InvestorTrust. The same report put first-half attributable profit at IDR 228 billion, equal to 49.00 percent of consensus and 105.00 percent of the previous estimate cited in the report.

Shares stay inside a wide range

On the IDX, Semen Indonesia closed at IDR 1,600 on October 15, 2026 at 4:11 p.m. WIT, down 2.14 percent from IDR 1,635. The session range was IDR 1,565 to IDR 1,625, while the 52-week range was IDR 1,380 to IDR 3,260. The closing price stood 15.94 percent above the 52-week low and 50.92 percent below the 52-week high.

The target cut gives the valuation discussion a clear counterpoint. The home-market price was below the IDR 2,500 target by 36.00 percent, calculated from the two IDR values, while the Lang & Schwarz quote reflected the separate euro quotation for investors in Germany.

Valuation and market comparison

Finance figures put Semen Indonesia's market capitalization at IDR 10.8 trillion, with a P/E ratio of 28.44 and a dividend yield of 0.02 percent on October 15, 2026. The bid was EUR 0.06 and the ask was EUR 0.10 at Lang & Schwarz.

Comparison with peers

Semen Indonesia (IDX, IDR): minus 2.14 percent, P/E 28.44, market capitalization IDR 10.8 trillion
Indocement (IDX, IDR): plus 2.38 percent, P/E 7.63, market capitalization IDR 17.2 trillion
Wijaya Karya Beton (IDX, IDR): minus 2.78 percent, P/E 15.12, market capitalization IDR 610.1 billion

Price and trading perspective

The IDX comparison shows a sharper valuation gap than the daily move alone suggests. Semen Indonesia's P/E ratio was higher than Indocement's 7.63 and Wijaya Karya Beton's 15.12 on October 15, 2026.

Semen Indonesia was trading at EUR 0.08 at Lang & Schwarz on October 15, 2026 at 7:15 p.m. CEST, while its IDX shares were 2.14 percent below the prior close. The further course of trading is shown by the continuously updated real-time quote of Semen Indonesia stock.