Anuncio • May 14
PT Tunas Alfin Tbk, Annual General Meeting, Jun 23, 2026 PT Tunas Alfin Tbk, Annual General Meeting, Jun 23, 2026. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to Rp850, the stock trades at a trailing P/E ratio of 28.6x. Average trailing P/E is 30x in the Packaging industry in Indonesia. Total returns to shareholders of 142% over the past three years. Reported Earnings • May 05
First quarter 2026 earnings released: EPS: Rp2.46 (vs Rp11.01 in 1Q 2025) First quarter 2026 results: EPS: Rp2.46 (down from Rp11.01 in 1Q 2025). Revenue: Rp295.0b (down 21% from 1Q 2025). Net income: Rp3.33b (down 78% from 1Q 2025). Profit margin: 1.1% (down from 4.0% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to Rp785, the stock trades at a trailing P/E ratio of 20.5x. Average trailing P/E is 28x in the Packaging industry in Indonesia. Total returns to shareholders of 143% over the past three years. Buy Or Sell Opportunity • Apr 17
Now 21% overvalued Over the last 90 days, the stock has fallen 8.0% to Rp630. The fair value is estimated to be Rp519, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has declined by 6.2%. Reported Earnings • Apr 04
Full year 2025 earnings released: EPS: Rp38.30 (vs Rp13.36 in FY 2024) Full year 2025 results: EPS: Rp38.30 (up from Rp13.36 in FY 2024). Revenue: Rp1.43t (up 6.7% from FY 2024). Net income: Rp51.8b (up 187% from FY 2024). Profit margin: 3.6% (up from 1.3% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to Rp600, the stock trades at a trailing P/E ratio of 24x. Average trailing P/E is 32x in the Packaging industry in Indonesia. Total returns to shareholders of 44% over the past three years. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to Rp760, the stock trades at a trailing P/E ratio of 30.4x. Average trailing P/E is 33x in the Packaging industry in Indonesia. Total returns to shareholders of 114% over the past three years. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to Rp610, the stock trades at a trailing P/E ratio of 24.4x. Average trailing P/E is 37x in the Packaging industry in Indonesia. Total returns to shareholders of 89% over the past three years. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to Rp650, the stock trades at a trailing P/E ratio of 26x. Average trailing P/E is 35x in the Packaging industry in Indonesia. Total returns to shareholders of 114% over the past three years. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to Rp575, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 36x in the Packaging industry in Indonesia. Total returns to shareholders of 76% over the past three years. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to Rp610, the stock trades at a trailing P/E ratio of 24.4x. Average trailing P/E is 39x in the Packaging industry in Indonesia. Total returns to shareholders of 114% over the past three years. Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: Rp9.23 (vs Rp5.23 in 3Q 2024) Third quarter 2025 results: EPS: Rp9.23 (up from Rp5.23 in 3Q 2024). Revenue: Rp358.5b (up 1.5% from 3Q 2024). Net income: Rp12.5b (up 77% from 3Q 2024). Profit margin: 3.5% (up from 2.0% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Board Change • Oct 24
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Independent Commissioner Muljono Sunaryo was the last independent director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Anuncio • May 30
PT Tunas Alfin Tbk, Annual General Meeting, Jun 18, 2025 PT Tunas Alfin Tbk, Annual General Meeting, Jun 18, 2025. Location: jl. modern industri vi no. 3, nambo ilir, kec. kibin, kabupaten serang, kota serang banten, serang Indonesia New Risk • Oct 31
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.1% Last year net profit margin: 3.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.1% net profit margin). Market cap is less than US$100m (Rp433.1b market cap, or US$27.7m). Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: Rp5.22 (vs Rp7.21 in 3Q 2023) Third quarter 2024 results: EPS: Rp5.22 (down from Rp7.21 in 3Q 2023). Revenue: Rp353.2b (up 6.9% from 3Q 2023). Net income: Rp7.07b (down 28% from 3Q 2023). Profit margin: 2.0% (down from 3.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 03
Second quarter 2024 earnings released: Rp0.14 loss per share (vs Rp2.57 profit in 2Q 2023) Second quarter 2024 results: Rp0.14 loss per share (down from Rp2.57 profit in 2Q 2023). Revenue: Rp304.2b (up 5.5% from 2Q 2023). Net loss: Rp192.8m (down 106% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Anuncio • May 19
PT Tunas Alfin Tbk, Annual General Meeting, Jun 25, 2024 PT Tunas Alfin Tbk, Annual General Meeting, Jun 25, 2024. Reported Earnings • May 05
First quarter 2024 earnings released: EPS: Rp5.44 (vs Rp8.68 in 1Q 2023) First quarter 2024 results: EPS: Rp5.44 (down from Rp8.68 in 1Q 2023). Revenue: Rp332.8b (flat on 1Q 2023). Net income: Rp7.36b (down 37% from 1Q 2023). Profit margin: 2.2% (down from 3.5% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to Rp334, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 22x in the Packaging industry in Indonesia. Total returns to shareholders of 16% over the past three years. New Risk • Apr 23
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indonesian stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (Rp465.6b market cap, or US$28.9m). Reported Earnings • Mar 30
Full year 2023 earnings released: EPS: Rp28.14 (vs Rp31.16 in FY 2022) Full year 2023 results: EPS: Rp28.14 (down from Rp31.16 in FY 2022). Revenue: Rp1.26t (down 4.2% from FY 2022). Net income: Rp38.1b (down 9.7% from FY 2022). Profit margin: 3.0% (down from 3.2% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. New Risk • Feb 12
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.8% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (Rp414.2b market cap, or US$26.5m). Board Change • Dec 01
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Independent Commissioner Muljono Sunaryo was the last independent director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 14
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Independent Commissioner Muljono Sunaryo was the last independent director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 24
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Independent Commissioner Muljono Sunaryo was the last independent director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 22
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Independent Commissioner Muljono Sunaryo was the last independent director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jul 07
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.5% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (Rp411.4b market cap, or US$27.2m). Upcoming Dividend • Jun 26
Upcoming dividend of Rp5.00 per share Eligible shareholders must have bought the stock before 03 July 2023. Payment date: 17 July 2023. The company last paid an ordinary dividend in March 2014. The average dividend yield among industry peers is 1.7%. Valuation Update With 7 Day Price Move • May 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to Rp376, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 12x in the Packaging industry in Indonesia. Total returns to shareholders of 53% over the past three years. Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to Rp364, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 12x in the Packaging industry in Indonesia. Total returns to shareholders of 40% over the past three years. Reported Earnings • Apr 01
Full year 2022 earnings released: EPS: Rp31.15 (vs Rp15.21 in FY 2021) Full year 2022 results: EPS: Rp31.15 (up from Rp15.21 in FY 2021). Revenue: Rp1.32t (up 26% from FY 2021). Net income: Rp42.2b (up 105% from FY 2021). Profit margin: 3.2% (up from 2.0% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year and the company’s share price has also increased by 19% per year. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to Rp404, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 10x in the Packaging industry in Indonesia. Total returns to shareholders of 51% over the past three years. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to Rp374, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 10x in the Packaging industry in Indonesia. Total returns to shareholders of 45% over the past three years. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to Rp372, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 11x in the Packaging industry in Indonesia. Total returns to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to Rp362, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 10x in the Packaging industry in Indonesia. Total returns to shareholders of 37% over the past three years. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Independent Commissioner - Gunawan was the last independent director to join the board, commencing their role in 2007. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improved over the past week After last week's 20% share price gain to Rp364, the stock trades at a trailing P/E ratio of 23.9x. Average trailing P/E is 16x in the Packaging industry in Indonesia. Total returns to shareholders of 12% over the past three years. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment deteriorated over the past week After last week's 17% share price decline to Rp312, the stock trades at a trailing P/E ratio of 20.5x. Average trailing P/E is 15x in the Packaging industry in Indonesia. Total returns to shareholders of 2.5% over the past three years. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Independent Commissioner - Gunawan was the last independent director to join the board, commencing their role in 2007. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improved over the past week After last week's 22% share price gain to Rp358, the stock trades at a trailing P/E ratio of 32.3x. Average trailing P/E is 15x in the Packaging industry in Indonesia. Total returns to shareholders of 12% over the past three years. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment deteriorated over the past week After last week's 20% share price decline to Rp268, the stock trades at a trailing P/E ratio of 26.7x. Average trailing P/E is 15x in the Packaging industry in Indonesia. Total loss to shareholders of 14% over the past three years. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improved over the past week After last week's 22% share price gain to Rp330, the stock trades at a trailing P/E ratio of 32.9x. Average trailing P/E is 15x in the Packaging industry in Indonesia. Total returns to shareholders of 12% over the past three years. Valuation Update With 7 Day Price Move • May 01
Investor sentiment improved over the past week After last week's 18% share price gain to Rp346, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 17x in the Packaging industry in Indonesia. Total returns to shareholders of 17% over the past three years. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improved over the past week After last week's 29% share price gain to Rp346, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 17x in the Packaging industry in Indonesia. Total returns to shareholders of 2.2% over the past three years. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improved over the past week After last week's 28% share price gain to Rp332, the stock is trading at a trailing P/E ratio of 19.3x, up from the previous P/E ratio of 15.1x. This compares to an average P/E of 16x in the Packaging industry in Indonesia. Total return to shareholders over the past three years is a loss of 11%. Is New 90 Day High Low • Mar 05
New 90-day high: Rp332 The company is up 11% from its price of Rp298 on 04 December 2020. The Indonesian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 7.0% over the same period. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improved over the past week After last week's 17% share price gain to Rp312, the stock is trading at a trailing P/E ratio of 18.2x, up from the previous P/E ratio of 15.5x. This compares to an average P/E of 15x in the Packaging industry in Indonesia. Total return to shareholders over the past three years is a loss of 25%. Is New 90 Day High Low • Jan 15
New 90-day low: Rp248 The company is down 16% from its price of Rp296 on 14 October 2020. The Indonesian market is up 25% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 16% over the same period. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment deteriorated over the past week After last week's 15% share price decline to Rp252, the stock is trading at a trailing P/E ratio of 14.7x, down from the previous P/E ratio of 17.3x. This compares to an average P/E of 15x in the Packaging industry in Indonesia. Total return to shareholders over the past three years is a loss of 37%. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improved over the past week After last week's 16% share price gain to Rp314, the stock is trading at a trailing P/E ratio of 18.3x, up from the previous P/E ratio of 15.7x. This compares to an average P/E of 14x in the Packaging industry in Indonesia. Total return to shareholders over the past three years is a loss of 23%. Valuation Update With 7 Day Price Move • Nov 18
Market bids up stock over the past week After last week's 22% share price gain to Rp330, the stock is trading at a trailing P/E ratio of 19.2x, up from the previous P/E ratio of 15.7x. This compares to an average P/E of 9x in the Packaging industry in Indonesia. Total return to shareholders over the past three years is a loss of 17%. Is New 90 Day High Low • Nov 18
New 90-day high: Rp330 The company is up 50% from its price of Rp220 on 13 August 2020. The Indonesian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is down 3.0% over the same period. Is New 90 Day High Low • Oct 15
New 90-day high: Rp296 The company is up 36% from its price of Rp218 on 17 July 2020. The Indonesian market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is down 1.0% over the same period. Is New 90 Day High Low • Sep 18
New 90-day high: Rp290 The company is up 11% from its price of Rp262 on 18 June 2020. The Indonesian market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is down 4.0% over the same period. 
