Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to Rp460, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Specialty Retail industry in Indonesia. Total returns to shareholders of 5.2% over the past three years. Reported Earnings • Jul 29
Second quarter 2026 earnings released: EPS: Rp21.29 (vs Rp23.13 in 2Q 2025) Second quarter 2026 results: EPS: Rp21.29 (down from Rp23.13 in 2Q 2025). Revenue: Rp20t (up 6.9% from 2Q 2025). Net income: Rp331.3b (down 9.2% from 2Q 2025). Profit margin: 1.6% (down from 1.9% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Specialty Retail industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Anuncio • Jul 02
PT Erajaya Swasembada Tbk announces Annual dividend, payable on July 31, 2026 PT Erajaya Swasembada Tbk announced Annual dividend of IDR 25.0000 per share payable on July 31, 2026, ex-date on July 08, 2026 and record date on July 09, 2026. Buy Or Sell Opportunity • Jul 01
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 2.2% to Rp368. The fair value is estimated to be Rp295, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 6.1% in 2 years. Earnings are forecast to grow by 3.5% in the next 2 years. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to Rp378, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 8x in the Specialty Retail industry in Indonesia. Total loss to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp247 per share. Anuncio • May 22
PT Erajaya Swasembada Tbk, Annual General Meeting, Jun 29, 2026 PT Erajaya Swasembada Tbk, Annual General Meeting, Jun 29, 2026. Reported Earnings • May 05
First quarter 2026 earnings released: EPS: Rp28.76 (vs Rp12.88 in 1Q 2025) First quarter 2026 results: EPS: Rp28.76 (up from Rp12.88 in 1Q 2025). Revenue: Rp22t (up 41% from 1Q 2025). Net income: Rp452.7b (up 123% from 1Q 2025). Profit margin: 2.0% (up from 1.3% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Specialty Retail industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. New Risk • Mar 31
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 2.8% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (2.8% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Nov 01
Third quarter 2025 earnings released: EPS: Rp13.77 (vs Rp16.95 in 3Q 2024) Third quarter 2025 results: EPS: Rp13.77 (down from Rp16.95 in 3Q 2024). Revenue: Rp17t (up 12% from 3Q 2024). Net income: Rp217.3b (down 19% from 3Q 2024). Profit margin: 1.3% (down from 1.7% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Specialty Retail industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 1% per year. Board Change • Oct 24
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 6 highly experienced directors. No independent directors (8 non-independent directors). Independent Commissioner I Gusti Suryawirawan was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Anuncio • Jun 13
PT Erajaya Swasembada Tbk announces Annual dividend, payable on July 10, 2025 PT Erajaya Swasembada Tbk announced Annual dividend of IDR 19.0000 per share payable on July 10, 2025, ex-date on June 19, 2025 and record date on June 20, 2025. Anuncio • May 20
PT Erajaya Swasembada Tbk, Annual General Meeting, Jun 10, 2025 PT Erajaya Swasembada Tbk, Annual General Meeting, Jun 10, 2025. Location: erajaya plaza, jl. bandengan selatan no. 19-20, pekojan, tambora, jakarta barat dki., jakarta / kota adm. jakarta barat kota adm., jakarta barat dki., jakarta Indonesia Anuncio • Apr 15
PT Erajaya Swasembada Tbk (IDX:ERAA) announces an Equity Buyback for IDR 50,000 million worth of its shares. PT Erajaya Swasembada Tbk (IDX:ERAA) announces a share repurchase program. Under the program, the company will repurchase up to IDR 50,000 million. The program will be funded from internal cash. The program will be valid till July 13, 2025. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: Rp16.96 (vs Rp2.29 in 3Q 2023) Third quarter 2024 results: EPS: Rp16.96 (up from Rp2.29 in 3Q 2023). Revenue: Rp15t (up 11% from 3Q 2023). Net income: Rp267.6b (up Rp231.4b from 3Q 2023). Profit margin: 1.7% (up from 0.3% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Specialty Retail industry in Indonesia. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Reported Earnings • Jul 30
Second quarter 2024 earnings released: EPS: Rp17.00 (vs Rp14.14 in 2Q 2023) Second quarter 2024 results: EPS: Rp17.00 (up from Rp14.14 in 2Q 2023). Revenue: Rp16t (up 17% from 2Q 2023). Net income: Rp268.3b (up 20% from 2Q 2023). Profit margin: 1.6% (in line with 2Q 2023). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Specialty Retail industry in Indonesia. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Anuncio • May 15
PT Erajaya Swasembada Tbk, Annual General Meeting, Jun 19, 2024 PT Erajaya Swasembada Tbk, Annual General Meeting, Jun 19, 2024. Reported Earnings • May 02
First quarter 2024 earnings released: EPS: Rp16.17 (vs Rp14.92 in 1Q 2023) First quarter 2024 results: EPS: Rp16.17 (up from Rp14.92 in 1Q 2023). Revenue: Rp17t (up 13% from 1Q 2023). Net income: Rp255.3b (up 8.4% from 1Q 2023). Profit margin: 1.5% (down from 1.6% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Specialty Retail industry in Indonesia. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings. Reported Earnings • Apr 01
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: Rp52.34 (down from Rp63.87 in FY 2022). Revenue: Rp60t (up 22% from FY 2022). Net income: Rp826.0b (down 18% from FY 2022). Profit margin: 1.4% (down from 2.0% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 2.5%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Specialty Retail industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Price Target Changed • Jan 10
Price target decreased by 8.8% to Rp538 Down from Rp590, the current price target is an average from 8 analysts. New target price is 26% above last closing price of Rp426. Stock is up 0.5% over the past year. The company is forecast to post earnings per share of Rp55.91 for next year compared to Rp63.87 last year. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to Rp410, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 14x in the Specialty Retail industry in Asia. Total returns to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp232 per share. Major Estimate Revision • Nov 13
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from Rp65.26 to Rp58.29 per share. Revenue forecast steady at Rp56.9b. Net income forecast to grow 35% next year vs 18% growth forecast for Specialty Retail industry in Indonesia. Consensus price target down from Rp590 to Rp556. Share price fell 6.7% to Rp332 over the past week. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: Rp2.29 (vs Rp10.90 in 3Q 2022) Third quarter 2023 results: EPS: Rp2.29 (down from Rp10.90 in 3Q 2022). Revenue: Rp14t (up 21% from 3Q 2022). Net income: Rp36.2b (down 79% from 3Q 2022). Profit margin: 0.3% (down from 1.5% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Specialty Retail industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to Rp344, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 13x in the Specialty Retail industry in Asia. Total returns to shareholders of 12% over the past three years. Reported Earnings • Aug 02
Second quarter 2023 earnings released: EPS: Rp14.14 (vs Rp13.36 in 2Q 2022) Second quarter 2023 results: EPS: Rp14.14 (up from Rp13.36 in 2Q 2022). Revenue: Rp14t (up 18% from 2Q 2022). Net income: Rp223.2b (up 5.1% from 2Q 2022). Profit margin: 1.6% (down from 1.8% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Specialty Retail industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 19% per year. Reported Earnings • May 04
First quarter 2023 earnings released: EPS: Rp15.00 (vs Rp18.56 in 1Q 2022) First quarter 2023 results: EPS: Rp15.00 (down from Rp18.56 in 1Q 2022). Revenue: Rp15t (up 29% from 1Q 2022). Net income: Rp235.5b (down 20% from 1Q 2022). Profit margin: 1.6% (down from 2.6% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Specialty Retail industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 27% per year. Price Target Changed • Apr 12
Price target decreased by 9.8% to Rp600 Down from Rp666, the current price target is an average from 6 analysts. New target price is 12% above last closing price of Rp535. Stock is down 3.6% over the past year. The company is forecast to post earnings per share of Rp78.41 for next year compared to Rp63.87 last year. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to Rp498, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 14x in the Specialty Retail industry in Asia. Total returns to shareholders of 53% over the past three years. Price Target Changed • Dec 09
Price target decreased to Rp692 Down from Rp769, the current price target is an average from 9 analysts. New target price is 74% above last closing price of Rp398. Stock is down 35% over the past year. The company is forecast to post earnings per share of Rp72.09 for next year compared to Rp63.68 last year. Price Target Changed • Nov 25
Price target decreased to Rp708 Down from Rp769, the current price target is an average from 9 analysts. New target price is 75% above last closing price of Rp404. Stock is down 34% over the past year. The company is forecast to post earnings per share of Rp72.09 for next year compared to Rp63.68 last year. 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. 7 non-independent directors. Independent Commissioner I Gusti Suryawirawan was the last independent director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Oct 07
Price target decreased to Rp762 Down from Rp823, the current price target is an average from 9 analysts. New target price is 75% above last closing price of Rp434. Stock is down 27% over the past year. The company is forecast to post earnings per share of Rp75.45 for next year compared to Rp63.68 last year. Anuncio • Sep 09
PT Erajaya Swasembada Tbk (IDX:ERAA) announces an Equity Buyback for 3,000,000,000 shares, for IDR 300,000 million. PT Erajaya Swasembada Tbk (IDX:ERAA) announces a share repurchase program. Under the program, the company will repurchase up to 3,000,000,000 shares, for IDN 300,000 million. The program will be funded from internal cash, excluding the cost of repurchasing shares, brokerage commissions and other costs related to share buybacks. The program will run over a period of three months, until December 7, 2022. Reported Earnings • Jun 05
First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat First quarter 2022 results: EPS: Rp19.00 (up from Rp17.50 in 1Q 2021). Revenue: Rp11t (up 5.8% from 1Q 2021). Net income: Rp295.1b (up 6.1% from 1Q 2021). Profit margin: 2.6% (in line with 1Q 2021). Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 13%, compared to a 21% growth forecast for the industry in Indonesia. 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 29% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 1 experienced director. 9 highly experienced directors. 1 independent director (7 non-independent directors). Independent Director Jody Rasjidgandha was the last independent director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 17
Full year 2021 earnings: Revenues exceed analyst expectations Full year 2021 results: Revenue: Rp43t (up 27% from FY 2020). Net income: Rp1.01t (up 65% from FY 2020). Profit margin: 2.3% (up from 1.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.0%. Over the next year, revenue is forecast to grow 11%, compared to a 19% growth forecast for the industry in Indonesia. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment improved over the past week After last week's 15% share price gain to Rp675, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 17x in the Electronic industry in Asia. Total returns to shareholders of 19% over the past three years. Major Estimate Revision • Jun 16
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate increased from Rp60.19 to Rp69.55. Revenue forecast steady at Rp42.2b. Net income forecast to grow 82% next year vs 29% growth forecast for Electronic industry in Indonesia. Consensus price target broadly unchanged at Rp757. Share price rose 13% to Rp675 over the past week. Upcoming Dividend • May 31
Inaugural dividend of Rp13.80 per share Eligible shareholders must have bought the stock before 07 June 2021. Payment date: 25 June 2021. The company last paid an ordinary dividend in July 2019. The average dividend yield among industry peers is 1.5%. Major Estimate Revision • May 25
Consensus revenue estimates increase to Rp42.8b The consensus outlook for revenues in 2021 has improved. 2021 revenue forecast increased from Rp38.4b to Rp42.8b. EPS estimate increased from Rp49.38 to Rp54.02 per share. Net income forecast to grow 31% next year vs 29% growth forecast for Electronic industry in Indonesia. Consensus price target up from Rp628 to Rp683. Share price rose 4.3% to Rp605 over the past week. Reported Earnings • May 07
Full year 2020 earnings released: EPS Rp38.48 (vs Rp18.50 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: Rp34t (up 3.5% from FY 2019). Net income: Rp612.0b (up 107% from FY 2019). Profit margin: 1.8% (up from 0.9% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Major Estimate Revision • Apr 29
Consensus EPS estimates increase to Rp29.34 The consensus outlook for earnings per share (EPS) in 2020 has improved. 2020 revenue forecast increased from Rp31.5b to Rp31.9b. EPS estimate increased from Rp25.15 to Rp29.34 per share. Net income forecast to grow 67% next year vs 32% growth forecast for Electronic industry in Indonesia. Consensus price target up from Rp585 to Rp630. Share price was steady at Rp600 over the past week. Price Target Changed • Apr 27
Price target increased to Rp630 Up from Rp585, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of Rp620. Stock is up 164% over the past year. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improved over the past week After last week's 16% share price gain to Rp585, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 19x in the Electronic industry in Asia. Total returns to shareholders of 161% over the past three years. Price Target Changed • Mar 03
Price target raised to Rp2,553 Up from Rp2,352, the current price target is an average from 6 analysts. The new target price is close to the current share price of Rp2,590. As of last close, the stock is up 45% over the past year. Is New 90 Day High Low • Feb 09
New 90-day high: Rp2,830 The company is up 57% from its price of Rp1,800 on 11 November 2020. The Indonesian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp299 per share. Price Target Changed • Jan 19
Price target raised to Rp2,505 Up from Rp2,330, the current price target is an average from 7 analysts. The new target price is close to the current share price of Rp2,450. As of last close, the stock is up 50% over the past year. Is New 90 Day High Low • Jan 12
New 90-day high: Rp2,590 The company is up 56% from its price of Rp1,655 on 15 October 2020. The Indonesian market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp319 per share. Is New 90 Day High Low • Dec 28
New 90-day high: Rp2,360 The company is up 53% from its price of Rp1,545 on 30 September 2020. The Indonesian market is up 24% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp272 per share. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improved over the past week After last week's 16% share price gain to Rp2,360, the stock is trading at a trailing P/E ratio of 17.7x, up from the previous P/E ratio of 15.2x. This compares to an average P/E of 16x in the Electronic industry in Indonesia. Total returns to shareholders over the past three years are 252%. Is New 90 Day High Low • Dec 09
New 90-day high: Rp1,915 The company is up 24% from its price of Rp1,545 on 10 September 2020. The Indonesian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp230 per share. Price Target Changed • Nov 14
Price target raised to Rp2,286 Up from Rp2,114, the current price target is an average from 7 analysts. The new target price is 27% above the current share price of Rp1,795. As of last close, the stock is up 14% over the past year. Major Estimate Revision • Nov 12
Analysts increase EPS estimates to Rp102 The 2020 consensus revenue estimate increased from Rp29.5b to Rp31.6b. The earnings per share estimate also received an upgrade from Rp85.98 to Rp102 for the same period. Net income is expected to grow by 2.3% next year compared to 29% growth forecast for the Electronic industry in Indonesia. The consensus price target increased from Rp2,130 to Rp2,229. Share price is up 3.2% to Rp1,800 over the past week. Price Target Changed • Nov 10
Price target raised to Rp2,229 Up from Rp2,059, the current price target is an average from 7 analysts. The new target price is 20% above the current share price of Rp1,850. As of last close, the stock is up 15% over the past year. Reported Earnings • Nov 02
Third quarter 2020 earnings released: EPS Rp57.67 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: Rp8.71t (up 6.4% from 3Q 2019). Net income: Rp181.7b (up 222% from 3Q 2019). Profit margin: 2.1% (up from 0.7% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Price Target Changed • Sep 23
Price target raised to Rp2,129 Up from Rp1,958, the current price target is an average from 9 analysts. The new target price is 36% above the current share price of Rp1,570. As of last close, the stock is down 22% over the past year. 
