Reported Earnings • May 05
First quarter 2026 earnings released: EPS: Rp0.14 (vs Rp2.00 loss in 1Q 2025) First quarter 2026 results: EPS: Rp0.14 (up from Rp2.00 loss in 1Q 2025). Revenue: Rp2.20t (up 4.5% from 1Q 2025). Net income: Rp1.82b (up Rp24.1b from 1Q 2025). Profit margin: 0.1% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. 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 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 Negative equity (-Rp2.2b). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (Rp739.1b market cap, or US$42.9m). 공시 • Feb 20
PT Matahari Putra Prima Tbk, Annual General Meeting, Mar 30, 2026 PT Matahari Putra Prima Tbk, Annual General Meeting, Mar 30, 2026. Reported Earnings • Feb 18
Full year 2025 earnings released: Rp12.00 loss per share (vs Rp9.00 loss in FY 2024) Full year 2025 results: Rp12.00 loss per share (further deteriorated from Rp9.00 loss in FY 2024). Revenue: Rp7.25t (up 1.9% from FY 2024). Net loss: Rp152.2b (loss widened 29% from FY 2024). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 01
Third quarter 2025 earnings released: Rp2.09 loss per share (vs Rp2.71 loss in 3Q 2024) Third quarter 2025 results: Rp2.09 loss per share (improved from Rp2.71 loss in 3Q 2024). Revenue: Rp1.70t (up 2.8% from 3Q 2024). Net loss: Rp33.0b (loss narrowed 6.0% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging 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. Commissioner Johan Anthony was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Apr 19
PT Matahari Putra Prima Tbk, Annual General Meeting, May 27, 2025 PT Matahari Putra Prima Tbk, Annual General Meeting, May 27, 2025. Reported Earnings • Nov 01
Third quarter 2024 earnings released: Rp2.56 loss per share (vs Rp4.65 loss in 3Q 2023) Third quarter 2024 results: Rp2.56 loss per share (improved from Rp4.65 loss in 3Q 2023). Revenue: Rp1.65t (up 2.4% from 3Q 2023). Net loss: Rp35.1b (loss narrowed 66% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 02
Second quarter 2024 earnings released: Rp1.74 loss per share (vs Rp5.36 loss in 2Q 2023) Second quarter 2024 results: Rp1.74 loss per share (improved from Rp5.36 loss in 2Q 2023). Revenue: Rp1.81t (down 5.5% from 2Q 2023). Net loss: Rp27.3b (loss narrowed 40% from 2Q 2023). Reported Earnings • May 02
First quarter 2024 earnings released: Rp2.00 loss per share (vs Rp11.79 loss in 1Q 2023) First quarter 2024 results: Rp2.00 loss per share (improved from Rp11.79 loss in 1Q 2023). Revenue: Rp1.98t (up 11% from 1Q 2023). Net loss: Rp30.1b (loss narrowed 70% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 60% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 31
Full year 2023 earnings released: Rp24.62 loss per share (vs Rp50.68 loss in FY 2022) Full year 2023 results: Rp24.62 loss per share (improved from Rp50.68 loss in FY 2022). Revenue: Rp6.91t (down 1.5% from FY 2022). Net loss: Rp255.4b (loss narrowed 41% from FY 2022). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. Board Change • Feb 22
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 Navin Nathani 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. New Risk • Nov 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 53% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Minor Risk Market cap is less than US$100m (Rp778.0b market cap, or US$49.6m). Reported Earnings • Nov 01
Third quarter 2023 earnings released: Rp4.62 loss per share (vs Rp15.50 loss in 3Q 2022) Third quarter 2023 results: Rp4.62 loss per share (improved from Rp15.50 loss in 3Q 2022). Revenue: Rp1.61t (flat on 3Q 2022). Net loss: Rp102.1b (loss narrowed 22% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. New Risk • Aug 25
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 53% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (Rp1.19t market cap, or US$77.9m). Reported Earnings • Aug 01
Second quarter 2023 earnings released: Rp5.26 loss per share (vs Rp5.83 loss in 2Q 2022) Second quarter 2023 results: Rp5.26 loss per share (improved from Rp5.83 loss in 2Q 2022). Revenue: Rp1.92t (down 5.5% from 2Q 2022). Net loss: Rp45.4b (loss narrowed 8.2% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. New Risk • Jul 28
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 8.7% 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 (8.7% average weekly change). Market cap is less than US$100m (Rp958.0b market cap, or US$63.5m). Reported Earnings • May 04
First quarter 2023 earnings released: Rp12.00 loss per share (vs Rp12.88 loss in 1Q 2022) First quarter 2023 results: Rp12.00 loss per share (improved from Rp12.88 loss in 1Q 2022). Revenue: Rp1.79t (up 5.8% from 1Q 2022). Net loss: Rp100.0b (loss narrowed 8.4% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 06
Full year 2022 earnings released: Rp51.00 loss per share (vs Rp44.76 loss in FY 2021) Full year 2022 results: Rp51.00 loss per share (further deteriorated from Rp44.76 loss in FY 2021). Revenue: Rp7.02t (up 5.4% from FY 2021). Net loss: Rp429.6b (loss widened 27% from FY 2021). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Price Target Changed • Nov 16
Price target decreased to Rp1,100 Down from Rp1,313, the current price target is provided by 1 analyst. New target price is 601% above last closing price of Rp157. Stock is down 72% over the past year. The company posted a net loss per share of Rp44.75 last year. Board Change • Nov 16
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. 3 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Commissioner John Riady is the most experienced director on the board, commencing their role in 2015. Independent Commissioner Navin Nathani 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. Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 03
Third quarter 2022 earnings released: Rp15.22 loss per share (vs Rp10.74 loss in 3Q 2021) Third quarter 2022 results: Rp15.22 loss per share (further deteriorated from Rp10.74 loss in 3Q 2021). Revenue: Rp1.62t (up 16% from 3Q 2021). Net loss: Rp131.4b (loss widened 63% from 3Q 2021). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 02
Second quarter 2022 earnings released: Rp6.02 loss per share (vs Rp1.04 loss in 2Q 2021) Second quarter 2022 results: Rp6.02 loss per share (down from Rp1.04 loss in 2Q 2021). Revenue: Rp2.03t (up 1.4% from 2Q 2021). Net loss: Rp49.4b (loss widened Rp41.6b from 2Q 2021). Over the next year, revenue is forecast to grow 26%, compared to a 17% growth forecast for the industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 11
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: Rp13.00 loss per share (down from Rp11.12 loss in 1Q 2021). Revenue: Rp1.69t (up 9.2% from 1Q 2021). Net loss: Rp109.2b (loss widened 30% from 1Q 2021). Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) also missed analyst estimates by 85%. Over the next year, revenue is forecast to grow 27%, compared to a 24% growth forecast for the industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 27
Price target decreased to Rp950 Down from Rp1,313, the current price target is an average from 2 analysts. New target price is 188% above last closing price of Rp330. Stock is down 62% over the past year. The company is forecast to post a net loss per share of Rp5.22 next year compared to a net loss per share of Rp44.75 last year. Board Change • Apr 27
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. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Commissioner John Riady is the most experienced director on the board, commencing their role in 2015. Independent Commissioner Navin Nathani 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. Lack of board continuity. Lack of experienced directors. Reported Earnings • Apr 02
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: Rp45.00 loss per share (up from Rp53.83 loss in FY 2020). Revenue: Rp6.66t (down 1.4% from FY 2020). Net loss: Rp337.5b (loss narrowed 17% from FY 2020). Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) exceeded analyst estimates by 85%. Over the next year, revenue is forecast to grow 25%, compared to a 21% growth forecast for the retail industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Reported Earnings • Dec 01
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: Rp10.89 loss per share (up from Rp15.03 loss in 3Q 2020). Revenue: Rp1.39t (down 4.0% from 3Q 2020). Net loss: Rp80.9b (loss narrowed 28% from 3Q 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 11%, compared to a 22% growth forecast for the industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 24
Second quarter 2021 earnings released: Rp1.01 loss per share (vs Rp15.81 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: Rp2.00t (up 16% from 2Q 2020). Net loss: Rp7.80b (loss narrowed 93% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has increased by 75% per year, which means it is tracking significantly ahead of earnings growth. Breakeven Date Change • Jul 11
Forecast to breakeven in 2023 The 2 analysts covering Matahari Putra Prima expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of Rp24.4b in 2023. Average annual earnings growth of 75% is required to achieve expected profit on schedule. Reported Earnings • Jun 20
First quarter 2021 earnings released: Rp11.00 loss per share (vs Rp13.31 loss in 1Q 2020) The company reported a soft first quarter result with weaker revenues and control over costs, although losses reduced. First quarter 2021 results: Revenue: Rp1.55t (down 21% from 1Q 2020). Net loss: Rp83.7b (loss narrowed 17% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 02
Full year 2020 earnings released: Rp53.83 loss per share (vs Rp73.41 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: Rp6.75t (down 22% from FY 2019). Net loss: Rp405.3b (loss narrowed 27% from FY 2019). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 03
New 90-day high: Rp182 The company is up 78% from its price of Rp102 on 03 December 2020. The Indonesian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is up 35% over the same period. Is New 90 Day High Low • Feb 01
New 90-day high: Rp139 The company is up 51% from its price of Rp92.00 on 04 November 2020. The Indonesian market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is up 10.0% over the same period. Is New 90 Day High Low • Dec 15
New 90-day high: Rp121 The company is up 19% from its price of Rp102 on 16 September 2020. The Indonesian market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is up 3.0% over the same period. Reported Earnings • Dec 02
Third quarter 2020 earnings released: Rp15.03 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: Rp1.45t (down 28% from 3Q 2019). Net loss: Rp113.1b (loss widened 43% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Nov 06
New 90-day low: Rp86.00 The company is down 22% from its price of Rp110 on 07 August 2020. The Indonesian market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is up 3.0% over the same period. Is New 90 Day High Low • Oct 21
New 90-day low: Rp94.00 The company is down 17% from its price of Rp113 on 23 July 2020. The Indonesian market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is down 5.0% over the same period.