お知らせ • May 19
PT Indoritel Makmur Internasional Tbk., Annual General Meeting, Jun 24, 2026 PT Indoritel Makmur Internasional Tbk., Annual General Meeting, Jun 24, 2026. Reported Earnings • May 05
First quarter 2026 earnings released: EPS: Rp16.47 (vs Rp14.44 in 1Q 2025) First quarter 2026 results: EPS: Rp16.47 (up from Rp14.44 in 1Q 2025). Revenue: Rp425.0b (up 12% from 1Q 2025). Net income: Rp233.6b (up 14% from 1Q 2025). Profit margin: 55% (up from 54% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 05
Third quarter 2025 earnings released: EPS: Rp21.01 (vs Rp21.16 in 3Q 2024) Third quarter 2025 results: EPS: Rp21.01 (down from Rp21.16 in 3Q 2024). Revenue: Rp420.6b (up 17% from 3Q 2024). Net income: Rp298.0b (flat on 3Q 2024). Profit margin: 71% (down from 83% in 3Q 2024). The decrease in margin was driven by higher expenses. 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 34% 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 . Timotius 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. お知らせ • Jul 02
PT Indoritel Makmur Internasional Tbk. announces Annual dividend, payable on July 30, 2025 PT Indoritel Makmur Internasional Tbk. announced Annual dividend of IDR 5.0000 per share payable on July 30, 2025, ex-date on July 07, 2025 and record date on July 08, 2025. お知らせ • May 20
PT Indoritel Makmur Internasional Tbk., Annual General Meeting, Jun 25, 2025 PT Indoritel Makmur Internasional Tbk., Annual General Meeting, Jun 25, 2025. New Risk • Sep 05
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 9.9% 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: Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Profit margins are more than 30% lower than last year (41% net profit margin). お知らせ • May 24
PT Indoritel Makmur Internasional Tbk., Annual General Meeting, Jun 28, 2024 PT Indoritel Makmur Internasional Tbk., Annual General Meeting, Jun 28, 2024. Reported Earnings • May 04
First quarter 2024 earnings released: EPS: Rp5.05 (vs Rp14.94 in 1Q 2023) First quarter 2024 results: EPS: Rp5.05 (down from Rp14.94 in 1Q 2023). Revenue: Rp345.2b (up 4.1% from 1Q 2023). Net income: Rp71.7b (down 66% from 1Q 2023). Profit margin: 21% (down from 64% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 11% per year. Reported Earnings • Mar 31
Full year 2023 earnings released: EPS: Rp50.83 (vs Rp90.92 in FY 2022) Full year 2023 results: EPS: Rp50.83 (down from Rp90.92 in FY 2022). Revenue: Rp1.39t (up 22% from FY 2022). Net income: Rp721.0b (down 44% from FY 2022). Profit margin: 52% (down from 113% in FY 2022). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: Rp9.64 (vs Rp22.80 in 3Q 2022) Third quarter 2023 results: EPS: Rp9.64 (down from Rp22.80 in 3Q 2022). Revenue: Rp360.9b (up 26% from 3Q 2022). Net income: Rp136.7b (down 58% from 3Q 2022). Profit margin: 38% (down from 113% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. New Risk • Aug 03
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: 85% Last year net profit margin: 127% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 02
Second quarter 2023 earnings released: EPS: Rp17.45 (vs Rp22.43 in 2Q 2022) Second quarter 2023 results: EPS: Rp17.45 (down from Rp22.43 in 2Q 2022). Revenue: Rp338.6b (up 38% from 2Q 2022). Net income: Rp247.6b (down 22% from 2Q 2022). Profit margin: 73% (down from 130% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 20
Full year 2022 earnings released: EPS: Rp90.92 (vs Rp66.49 in FY 2021) Full year 2022 results: EPS: Rp90.92 (up from Rp66.49 in FY 2021). Revenue: Rp1.14t (up 35% from FY 2021). Net income: Rp1.29t (up 37% from FY 2021). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
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. 5 experienced directors. 6 highly experienced directors. 1 independent director (3 non-independent directors). Independent Commissioner Janimiranti Inggawati was the last independent director to join the board, commencing their role in 2015. 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 06
Second quarter 2022 earnings released: EPS: Rp22.43 (vs Rp15.34 in 2Q 2021) Second quarter 2022 results: EPS: Rp22.43 (up from Rp15.34 in 2Q 2021). Revenue: Rp244.9b (up 33% from 2Q 2021). Net income: Rp318.2b (up 46% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improved over the past week After last week's 19% share price gain to Rp4,030, the stock trades at a trailing P/E ratio of 48.5x. Average trailing P/E is 28x in the Telecom industry in Indonesia. Total returns to shareholders of 30% over the past three years. Reported Earnings • Jun 08
First quarter 2022 earnings released: EPS: Rp20.90 (vs Rp4.29 in 1Q 2021) First quarter 2022 results: EPS: Rp20.90 (up from Rp4.29 in 1Q 2021). Revenue: Rp224.8b (up 66% from 1Q 2021). Net income: Rp296.4b (up 388% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. 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. 5 experienced directors. 6 highly experienced directors. 1 independent director (3 non-independent directors). Independent Commissioner Janimiranti Inggawati was the last independent director to join the board, commencing their role in 2015. 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 • Dec 06
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: Rp8.85 (up from Rp2.79 in 3Q 2020). Revenue: Rp212.4b (up 88% from 3Q 2020). Net income: Rp125.5b (up 217% from 3Q 2020). Profit margin: 59% (up from 35% in 3Q 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Sep 06
Second quarter 2021 earnings released: EPS Rp15.34 (vs Rp1.22 loss in 2Q 2020) Second quarter 2021 results: Revenue: Rp184.8b (up 56% from 2Q 2020). Net income: Rp217.6b (up Rp234.9b from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Jul 04
First quarter 2021 earnings released: EPS Rp4.29 (vs Rp3.50 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: Rp135.4b (up 59% from 1Q 2020). Net income: Rp60.8b (up 23% from 1Q 2020). Profit margin: 45% (down from 58% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Jan 18
New 90-day low: Rp3,200 The company is down 1.0% from its price of Rp3,230 on 21 October 2020. The Indonesian market is up 24% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 20% over the same period. Reported Earnings • Dec 03
Third quarter 2020 earnings released: EPS Rp2.80 The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: Rp113.3b (up 72% from 3Q 2019). Net income: Rp39.6b (down 36% from 3Q 2019). Profit margin: 35% (down from 94% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Nov 03
New 90-day high: Rp3,500 The company is up 6.0% from its price of Rp3,300 on 05 August 2020. The Indonesian market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is down 7.0% over the same period.