Valuation Update With 7 Day Price Move • May 13
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to Rp418, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 21x in the Luxury industry in Indonesia. Total returns to shareholders of 47% over the past year. 공시 • May 06
PT Multi Spunindo Jaya Tbk announces Annual dividend, payable on June 04, 2026 PT Multi Spunindo Jaya Tbk announced Annual dividend of IDR 15.0000 per share payable on June 04, 2026, ex-date on May 12, 2026 and record date on May 13, 2026. Reported Earnings • May 01
First quarter 2026 earnings released: EPS: US$0 (vs US$0 in 1Q 2025) First quarter 2026 results: EPS: US$0 (in line with 1Q 2025). Revenue: US$15.3m (down 2.6% from 1Q 2025). Net income: US$1.10m (up 251% from 1Q 2025). Profit margin: 7.2% (up from 2.0% in 1Q 2025). The increase in margin was driven by lower expenses. Reported Earnings • Mar 18
Full year 2025 earnings released: EPS: US$0.001 (vs US$0.001 in FY 2024) Full year 2025 results: EPS: US$0.001 (in line with FY 2024). Revenue: US$64.2m (down 6.3% from FY 2024). Net income: US$5.68m (up 3.1% from FY 2024). Profit margin: 8.8% (up from 8.0% in FY 2024). The increase in margin was driven by lower expenses. 공시 • Mar 18
PT Multi Spunindo Jaya Tbk, Annual General Meeting, Apr 30, 2026 PT Multi Spunindo Jaya Tbk, Annual General Meeting, Apr 30, 2026. Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to Rp474, the stock trades at a trailing P/E ratio of 34.1x. Average trailing P/E is 31x in the Luxury industry in Indonesia. Total returns to shareholders of 64% over the past year. Recent Insider Transactions • Feb 07
Director recently sold Rp41m worth of stock On the 4th of February, Takushi Ishimoto sold around 100k shares on-market at roughly Rp408 per share. This transaction amounted to less than 1% 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 • Dec 01
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to Rp374, the stock trades at a trailing P/E ratio of 27.1x. Average trailing P/E is 23x in the Luxury industry in Indonesia. Total returns to shareholders of 13% over the past year. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: US$0 (vs US$0.001 in 3Q 2024) Third quarter 2025 results: EPS: US$0 (down from US$0.001 in 3Q 2024). Revenue: US$16.0m (down 9.8% from 3Q 2024). Net income: US$1.22m (down 71% from 3Q 2024). Profit margin: 7.6% (down from 24% in 3Q 2024). The decrease in margin was primarily driven by lower revenue. Board Change • Oct 14
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. No independent directors (3 non-independent directors). President Director & CEO Sasongko Basuki is the most experienced director on the board, commencing their role in 1997. Independent Commissioner . Pradhono was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. 공시 • Jun 06
PT Multi Spunindo Jaya Tbk announces Annual dividend, payable on June 25, 2025 PT Multi Spunindo Jaya Tbk announced Annual dividend of IDR 12.0000 per share payable on June 25, 2025, ex-date on June 13, 2025 and record date on June 16, 2025. 공시 • May 14
PT Multi Spunindo Jaya Tbk (IDX:MSJA) announces an Equity Buyback for IDR 54,360 million worth of its shares. PT Multi Spunindo Jaya Tbk (IDX:MSJA) announces a share repurchase program. Under the program, the company will repurchase up to IDR 54,360 million worth of it's shares. The repurchases will be funded from company's internal cash. The program will be valid till August 13, 2025. 공시 • Apr 22
PT Multi Spunindo Jaya Tbk, Annual General Meeting, Jun 02, 2025 PT Multi Spunindo Jaya Tbk, Annual General Meeting, Jun 02, 2025. Location: jakarta Indonesia Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: US$0.001 (vs US$0 in 3Q 2023) Third quarter 2024 results: EPS: US$0.001 (up from US$0 in 3Q 2023). Revenue: US$17.7m (up 6.8% from 3Q 2023). Net income: US$4.21m (up 119% from 3Q 2023). Profit margin: 24% (up from 12% in 3Q 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Luxury industry in Asia. New Risk • Sep 27
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 8.9% 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: Major Risk Earnings have declined by 37% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Profit margins are more than 30% lower than last year (5.4% net profit margin). Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to Rp342, the stock trades at a trailing P/E ratio of 25.9x. Average forward P/E is 12x in the Luxury industry in Indonesia. Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to Rp302, the stock trades at a trailing P/E ratio of 22.7x. Average trailing P/E is 17x in the Luxury industry in Indonesia. New Risk • Jun 12
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: Rp1.62t (US$99.0m) 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 35% per year over the past 5 years. Minor Risk Market cap is less than US$100m (Rp1.62t market cap, or US$99.0m). Reported Earnings • May 17
First quarter 2024 earnings released: EPS: US$0 (vs US$0.002 in 1Q 2023) First quarter 2024 results: EPS: US$0 (down from US$0.002 in 1Q 2023). Revenue: US$17.4m (down 7.7% from 1Q 2023). Net income: US$345.3k (down 88% from 1Q 2023). Profit margin: 2.0% (down from 15% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. 공시 • May 15
PT Multi Spunindo Jaya Tbk, Annual General Meeting, Jun 19, 2024 PT Multi Spunindo Jaya Tbk, Annual General Meeting, Jun 19, 2024. New Risk • Apr 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: Rp1.59t (US$98.5m) 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 Revenue has declined by 11% over the past year. Minor Risk Market cap is less than US$100m (Rp1.59t market cap, or US$98.5m). Buy Or Sell Opportunity • Apr 01
Now 22% undervalued The stock has been flat over the last 90 days, currently trading at Rp292. The fair value is estimated to be Rp373, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 120%. Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: US$36.15 (vs US$0.003 in FY 2022) Full year 2023 results: EPS: US$36.15 (up from US$0.003 in FY 2022). Revenue: US$70.3m (down 11% from FY 2022). Net income: US$7.32m (up 53% from FY 2022). Profit margin: 10% (up from 6.0% in FY 2022). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to Rp326, the stock trades at a trailing P/E ratio of 20.5x. Average trailing P/E is 20x in the Luxury industry in Indonesia. Board Change • Jan 10
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. No independent directors (3 non-independent directors). President Director & CEO Sasongko Basuki is the most experienced director on the board, commencing their role in 1997. Independent Commissioner . Pradhono was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors.