공시 • May 05
PT Inocycle Technology Group Tbk, Annual General Meeting, Jun 10, 2026 PT Inocycle Technology Group Tbk, Annual General Meeting, Jun 10, 2026. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to Rp167, the stock trades at a trailing P/E ratio of 31.7x. Average trailing P/E is 24x in the Luxury industry in Indonesia. Total returns to shareholders of 35% over the past three years. Reported Earnings • Apr 19
Full year 2025 earnings released: EPS: Rp5.26 (vs Rp26.73 in FY 2024) Full year 2025 results: EPS: Rp5.26 (down from Rp26.73 in FY 2024). Revenue: Rp682.5b (up 8.5% from FY 2024). Net income: Rp9.51b (down 80% from FY 2024). Profit margin: 1.4% (down from 7.7% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to Rp142, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 29x in the Luxury industry in Indonesia. Total returns to shareholders of 9.2% over the past three years. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to Rp169, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 27x in the Luxury industry in Indonesia. Total returns to shareholders of 30% over the past three years. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment deteriorates as stock falls 31% After last week's 31% share price decline to Rp136, the stock trades at a trailing P/E ratio of 3.5x. Average trailing P/E is 22x in the Luxury industry in Indonesia. Total returns to shareholders of 3.0% over the past three years. Recent Insider Transactions • Jan 23
Director recently sold Rp315m worth of stock On the 20th of January, Yong Hwa Lee sold around 1m shares on-market at roughly Rp218 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to Rp183, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 20x in the Luxury industry in Indonesia. Total returns to shareholders of 45% over the past three years. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to Rp150, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 18x in the Luxury industry in Indonesia. Total returns to shareholders of 8.7% over the past three years. New Risk • Nov 04
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 13% 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 Interest payments are not well covered by earnings (1.5x net interest cover). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (Rp283.9b market cap, or US$17.0m). Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: Rp28.76 (vs Rp23.31 in 3Q 2024) Third quarter 2025 results: EPS: Rp28.76 (up from Rp23.31 in 3Q 2024). Revenue: Rp239.8b (up 42% from 3Q 2024). Net income: Rp52.0b (up 23% from 3Q 2024). Profit margin: 22% (down from 25% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. 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. 5 non-independent directors. Independent Commissioner Widhyawan Prawiraatmadja was the last independent director to join the board, commencing their role in 2019. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • May 06
PT Inocycle Technology Group Tbk, Annual General Meeting, Jun 11, 2025 PT Inocycle Technology Group Tbk, Annual General Meeting, Jun 11, 2025. New Risk • Aug 05
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: Rp160.9b (US$9.98m) This is considered a major 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 Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 53% per year over the past 5 years. Market cap is less than US$10m (Rp160.9b market cap, or US$9.98m). Reported Earnings • Aug 01
Second quarter 2024 earnings released: Rp6.61 loss per share (vs Rp4.47 loss in 2Q 2023) Second quarter 2024 results: Rp6.61 loss per share (further deteriorated from Rp4.47 loss in 2Q 2023). Revenue: Rp155.0b (down 1.5% from 2Q 2023). Net loss: Rp11.9b (loss widened 48% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. New Risk • May 22
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: Rp141.0b (US$8.74m) This is considered a major 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 Risks Debt is not well covered by operating cash flow (3.9% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 50% per year over the past 5 years. Market cap is less than US$10m (Rp141.0b market cap, or US$8.74m). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • May 11
First quarter 2024 earnings released: Rp10.04 loss per share (vs Rp8.27 profit in 1Q 2023) First quarter 2024 results: Rp10.04 loss per share (down from Rp8.27 profit in 1Q 2023). Revenue: Rp151.6b (up 4.4% from 1Q 2023). Net loss: Rp18.2b (down 222% 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 85 percentage points per year, which is a significant difference in performance. New Risk • Apr 20
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 8.0% 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 Risks Interest payments are not well covered by earnings (0.2x net interest cover). Earnings have declined by 43% per year over the past 5 years. Minor Risks 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 (8.0% average weekly change). Market cap is less than US$100m (Rp217.0b market cap, or US$13.5m). Reported Earnings • Apr 04
Full year 2023 earnings released Full year 2023 results: Revenue: Rp600.2b (down 13% from FY 2022). Net loss: Rp27.6b (loss narrowed 24% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 02
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: Rp157.4b (down 4.2% from 2Q 2022). Net loss: Rp8.09b (loss narrowed 37% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 06
Full year 2022 earnings released: Rp20.13 loss per share (vs Rp15.11 profit in FY 2021) Full year 2022 results: Rp20.13 loss per share (down from Rp15.11 profit in FY 2021). Revenue: Rp691.5b (up 9.2% from FY 2021). Net loss: Rp36.4b (down 233% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 07
Second quarter 2022 earnings released: Rp7.05 loss per share (vs Rp4.46 profit in 2Q 2021) Second quarter 2022 results: Rp7.05 loss per share (down from Rp4.46 profit in 2Q 2021). Revenue: Rp164.3b (up 6.6% from 2Q 2021). Net loss: Rp12.7b (down 258% from profit in 2Q 2021). 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 28% per year, which means it is performing significantly worse than earnings. Reported Earnings • Jun 06
First quarter 2022 earnings released: EPS: Rp3.37 (vs Rp0.088 loss in 1Q 2021) First quarter 2022 results: EPS: Rp3.37 (up from Rp0.088 loss in 1Q 2021). Revenue: Rp184.8b (up 22% from 1Q 2021). Net income: Rp6.09b (up Rp6.25b from 1Q 2021). Profit margin: 3.3% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment deteriorated over the past week After last week's 18% share price decline to Rp272, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 16x in the Luxury industry in Indonesia. Total returns to shareholders of 94% over the past year. Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment improved over the past week After last week's 16% share price gain to Rp328, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 16x in the Luxury industry in Indonesia. Total returns to shareholders of 94% over the past year. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improved over the past week After last week's 16% share price gain to Rp250, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 15x in the Luxury industry in Indonesia. Total returns to shareholders of 45% over the past year. Reported Earnings • Dec 04
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: Rp9.84 (up from Rp4.76 loss in 3Q 2020). Revenue: Rp159.2b (up 11% from 3Q 2020). Net income: Rp17.8b (up Rp26.4b from 3Q 2020). Profit margin: 11% (up from net loss in 3Q 2020). The move to profitability was primarily driven by higher revenue. Revenue was in line with analyst estimates. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment improved over the past week After last week's 18% share price gain to Rp222, the stock trades at a trailing P/E ratio of 58.9x. Average trailing P/E is 18x in the Luxury industry in Indonesia. Total returns to shareholders of 42% over the past year. Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment improved over the past week After last week's 16% share price gain to Rp199, the stock trades at a trailing P/E ratio of 52.8x. Average trailing P/E is 16x in the Luxury industry in Indonesia. Total returns to shareholders of 8.7% over the past year. Reported Earnings • Aug 25
Second quarter 2021 earnings released: EPS Rp4.47 (vs Rp12.75 in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: Rp154.2b (up 52% from 2Q 2020). Net income: Rp8.08b (down 65% from 2Q 2020). Profit margin: 5.2% (down from 23% in 2Q 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment improved over the past week After last week's 16% share price gain to Rp198, the stock trades at a trailing P/E ratio of 16.4x. Average trailing P/E is 6x in the Luxury industry in Indonesia. Total loss to shareholders of 21% over the past year. Reported Earnings • Jul 01
Full year 2020 earnings released The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: Rp518.7b (up 4.8% from FY 2019). Net loss: Rp9.23b (down 141% from profit in FY 2019). Is New 90 Day High Low • Feb 23
New 90-day high: Rp184 The company is up 18% from its price of Rp156 on 25 November 2020. The Indonesian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is down 6.0% over the same period. Is New 90 Day High Low • Jan 29
New 90-day low: Rp137 The company is down 4.0% from its price of Rp143 on 27 October 2020. The Indonesian market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is down 1.0% over the same period. Reported Earnings • Dec 03
Third quarter 2020 earnings released: Rp4.76 loss per share The company reported a poor third quarter result with weaker earnings and control over expenses, although revenues were flat. Third quarter 2020 results: Revenue: Rp143.2b (flat on 3Q 2019). Net loss: Rp8.61b (down 212% from profit in 3Q 2019). Is New 90 Day High Low • Oct 14
New 90-day low: Rp156 The company is down 38% from its price of Rp250 on 16 July 2020. The Indonesian market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 4.0% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: Rp165 The company is down 41% from its price of Rp280 on 25 June 2020. The Indonesian market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is flat over the same period.