Annonce • May 28
PT MNC Vision Networks Tbk, Annual General Meeting, Jun 23, 2026 PT MNC Vision Networks Tbk, Annual General Meeting, Jun 23, 2026. New Risk • May 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: Rp1.73t (US$98.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 57% per year over the past 5 years. Minor Risk Market cap is less than US$100m (Rp1.73t market cap, or US$98.6m). Reported Earnings • May 05
First quarter 2026 earnings released: EPS: Rp0.43 (vs Rp1.09 loss in 1Q 2025) First quarter 2026 results: EPS: Rp0.43 (up from Rp1.09 loss in 1Q 2025). Revenue: Rp394.1b (down 1.0% from 1Q 2025). Net income: Rp18.2b (up Rp64.1b from 1Q 2025). Profit margin: 4.6% (up from net loss in 1Q 2025). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 3% per year. Reported Earnings • Apr 03
Full year 2025 earnings released: Rp5.61 loss per share (vs Rp5.77 loss in FY 2024) Full year 2025 results: Rp5.61 loss per share (improved from Rp5.77 loss in FY 2024). Revenue: Rp1.55t (down 7.8% from FY 2024). Net loss: Rp236.8b (loss narrowed 2.8% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. New Risk • Mar 04
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: Rp1.69t (US$99.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 64% per year over the past 5 years. Minor Risk Market cap is less than US$100m (Rp1.69t market cap, or US$99.6m). Buy Or Sell Opportunity • Nov 13
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 33% to Rp40.00. The fair value is estimated to be Rp32.99, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 22% over the last 3 years. Earnings per share has declined by 24%. Reported Earnings • Nov 05
Third quarter 2025 earnings released: Rp1.53 loss per share (vs Rp2.55 loss in 3Q 2024) Third quarter 2025 results: Rp1.53 loss per share (improved from Rp2.55 loss in 3Q 2024). Revenue: Rp422.3b (down 7.6% from 3Q 2024). Net loss: Rp64.6b (loss narrowed 40% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 23% per year. Board Change • Oct 24
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 4 experienced directors. 1 highly experienced director. 1 independent director (4 non-independent directors). Independent Commissioner Agus Mulyanto is the most experienced director on the board, commencing their role in 2015. Independent Commissioner Sandy Wiguna 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: Minority of independent directors. Lack of experienced directors. Reported Earnings • Nov 03
Third quarter 2024 earnings released: Rp2.55 loss per share (vs Rp4.12 loss in 3Q 2023) Third quarter 2024 results: Rp2.55 loss per share (improved from Rp4.12 loss in 3Q 2023). Revenue: Rp457.0b (down 15% from 3Q 2023). Net loss: Rp107.4b (loss narrowed 38% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance. New Risk • Jun 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: Rp1.56t (US$95.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 45% per year over the past 5 years. Minor Risk Market cap is less than US$100m (Rp1.56t market cap, or US$95.2m). Annonce • May 24
PT MNC Vision Networks Tbk, Annual General Meeting, Jun 27, 2024 PT MNC Vision Networks Tbk, Annual General Meeting, Jun 27, 2024. Reported Earnings • May 05
First quarter 2024 earnings released First quarter 2024 results: Revenue: Rp325.4b (down 49% from 1Q 2023). Net loss: Rp41.0b (down 193% from profit in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 03
Full year 2023 earnings released Full year 2023 results: Revenue: Rp2.08t (down 22% from FY 2022). Net loss: Rp75.6b (loss narrowed 39% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 04
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: Rp538.8b (down 12% from 3Q 2022). Net loss: Rp173.8b (loss widened 44% from 3Q 2022). New Risk • Oct 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indonesian stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 25% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). Reported Earnings • Mar 29
Full year 2022 earnings released Full year 2022 results: Revenue: Rp2.68t (down 28% from FY 2021). Net loss: Rp123.2b (down 162% from profit in FY 2021). Board Change • Nov 16
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. 10 experienced directors. No highly experienced directors. 1 independent director (7 non-independent directors). Independent Director Vera Tanamihardja was the last independent director to join the board, commencing their role in 2018. 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 • Sep 05
Second quarter 2022 earnings released: EPS: Rp2.26 (vs Rp1.58 in 2Q 2021) Second quarter 2022 results: EPS: Rp2.26 (up from Rp1.58 in 2Q 2021). Revenue: Rp772.0b (down 27% from 2Q 2021). Net income: Rp97.4b (up 45% from 2Q 2021). Profit margin: 13% (up from 6.4% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has fallen by 44% per year, which means it is performing significantly worse than earnings. Reported Earnings • Jun 06
First quarter 2022 earnings released: EPS: Rp0.51 (vs Rp2.36 in 1Q 2021) First quarter 2022 results: EPS: Rp0.51 (down from Rp2.36 in 1Q 2021). Revenue: Rp689.0b (down 31% from 1Q 2021). Net income: Rp21.1b (down 78% from 1Q 2021). Profit margin: 3.1% (down from 9.5% in 1Q 2021). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improved over the past week After last week's 16% share price gain to Rp109, the stock trades at a trailing P/E ratio of 23.2x. Average trailing P/E is 11x in the Media industry in Indonesia. Total loss to shareholders of 53% over the past year. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 1 independent director (5 non-independent directors). Independent Director Vera Tanamihardja was the last independent director to join the board, commencing their role in 2018. 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 15
Full year 2021 earnings released Full year 2021 results: Revenue: Rp3.74t (up 1.5% from FY 2020). Net income: Rp198.7b (down 14% from FY 2020). Profit margin: 5.3% (down from 6.2% in FY 2020). The decrease in margin was driven by higher expenses. Buying Opportunity • Mar 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 50%. The fair value is estimated to be Rp142, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.3% per annum over the last 3 years. The company has become profitable over the last 3 years. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment deteriorated over the past week After last week's 16% share price decline to Rp126, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 10x in the Media industry in Indonesia. Total loss to shareholders of 55% over the past year. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorated over the past week After last week's 21% share price decline to Rp141, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 10x in the Media industry in Indonesia. Total loss to shareholders of 49% over the past year. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment improved over the past week After last week's 52% share price gain to Rp111, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 14x in the Media industry in Indonesia. Total loss to shareholders of 60% over the past year. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment deteriorated over the past week After last week's 19% share price decline to Rp147, the stock trades at a trailing P/E ratio of 22.5x. Average trailing P/E is 14x in the Media industry in Indonesia. Total loss to shareholders of 50% over the past year. Reported Earnings • Dec 06
Third quarter 2021 earnings: Revenues in line with analyst expectations Third quarter 2021 results: Revenue: Rp874.3b (down 8.2% from 3Q 2020). Net income: Rp93.4b (down 11% from 3Q 2020). Profit margin: 11% (in line with 3Q 2020). Revenue was in line with analyst estimates. Reported Earnings • Jul 06
First quarter 2021 earnings released: EPS Rp2.36 (vs Rp0.82 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: Rp1.00t (up 19% from 1Q 2020). Net income: Rp95.6b (up 217% from 1Q 2020). Profit margin: 9.5% (up from 3.6% in 1Q 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improved over the past week After last week's 23% share price gain to Rp288, the stock trades at a trailing P/E ratio of 29.8x. Average trailing P/E is 19x in the Media industry in Indonesia. Total loss to shareholders of 25% over the past year. Is New 90 Day High Low • Feb 18
New 90-day low: Rp268 The company is down 12% from its price of Rp304 on 20 November 2020. The Indonesian market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 70% over the same period. Is New 90 Day High Low • Jan 25
New 90-day low: Rp280 The company is down 3.0% from its price of Rp290 on 27 October 2020. The Indonesian market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 78% over the same period. Is New 90 Day High Low • Dec 30
New 90-day high: Rp328 The company is up 14% from its price of Rp288 on 02 October 2020. The Indonesian market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 51% over the same period. Reported Earnings • Nov 28
Third quarter 2020 earnings released: EPS Rp2.71 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: Rp952.6b (down 2.6% from 3Q 2019). Net income: Rp104.9b (down 20% from 3Q 2019). Profit margin: 11% (down from 13% in 3Q 2019). The decrease in margin was driven by lower revenue. Is New 90 Day High Low • Sep 21
New 90-day low: Rp292 The company is down 24% from its price of Rp386 on 23 June 2020. The Indonesian market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 13% over the same period.