New Risk • Jun 11
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 16% 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 (1.6x net interest cover). Market cap is less than US$10m (Rp140.8b market cap, or US$7.89m). Minor Risk Share price has been volatile over the past 3 months (16% average weekly change). 공고 • May 19
PT Mitra Energi Persada Tbk, Annual General Meeting, Jun 24, 2026 PT Mitra Energi Persada Tbk, Annual General Meeting, Jun 24, 2026. Reported Earnings • May 01
First quarter 2026 earnings released First quarter 2026 results: Revenue: Rp68.6b (flat on 1Q 2025). Net income: Rp572.7m (down 74% from 1Q 2025). Profit margin: 0.8% (down from 3.2% in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 01
Full year 2025 earnings released: EPS: Rp3.84 (vs Rp46.46 loss in FY 2024) Full year 2025 results: EPS: Rp3.84 (up from Rp46.46 loss in FY 2024). Revenue: Rp252.9b (flat on FY 2024). Net income: Rp2.68b (up Rp35.1b from FY 2024). Profit margin: 1.1% (up from net loss in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. New Risk • Mar 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: Rp167.3b (US$9.87m) 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 Earnings have declined by 66% per year over the past 5 years. Market cap is less than US$10m (Rp167.3b market cap, or US$9.87m). Reported Earnings • Oct 31
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: Rp59.3b (down 6.0% from 3Q 2024). Net income: Rp5.11b (up Rp11.0b from 3Q 2024). Profit margin: 8.6% (up from net loss in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 124 percentage points per year, which is a significant difference in performance. 공고 • May 20
PT Mitra Energi Persada Tbk, Annual General Meeting, Jun 25, 2025 PT Mitra Energi Persada Tbk, Annual General Meeting, Jun 25, 2025. Reported Earnings • Nov 02
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: Rp63.1b (up 27% from 3Q 2023). Net loss: Rp5.94b (down 441% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. New Risk • Sep 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 9.0% 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 Risk Interest payments are not well covered by earnings (1.1x net interest cover). Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$100m (Rp165.9b market cap, or US$10.8m). Reported Earnings • Aug 02
Second quarter 2024 earnings released: Rp0.93 loss per share (vs Rp1.54 profit in 2Q 2023) Second quarter 2024 results: Rp0.93 loss per share (down from Rp1.54 profit in 2Q 2023). Revenue: Rp67.1b (up 37% from 2Q 2023). Net loss: Rp625.7m (down 152% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. 공고 • May 16
PT Mitra Energi Persada Tbk, Annual General Meeting, Jun 20, 2024 PT Mitra Energi Persada Tbk, Annual General Meeting, Jun 20, 2024. Reported Earnings • May 12
First quarter 2024 earnings released: Rp2.11 loss per share (vs Rp1.66 profit in 1Q 2023) First quarter 2024 results: Rp2.11 loss per share (down from Rp1.66 profit in 1Q 2023). Revenue: Rp62.1b (up 19% from 1Q 2023). Net loss: Rp1.53b (down 235% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 07
Full year 2023 earnings released Full year 2023 results: Revenue: Rp181.1b (down 1.7% from FY 2022). Net income: Rp2.38b (down 65% from FY 2022). Profit margin: 1.3% (down from 3.7% in FY 2022). 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 12% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to Rp406, the stock trades at a trailing P/E ratio of 70.7x. Average trailing P/E is 8x in the Oil and Gas industry in Indonesia. Total loss to shareholders of 10% over the past three years. Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to Rp430, the stock trades at a trailing P/E ratio of 74.9x. Average trailing P/E is 6x in the Oil and Gas industry in Indonesia. Negligible returns to shareholders over past three years. Reported Earnings • Nov 04
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: Rp49.7b (up 3.4% from 3Q 2022). Net income: Rp1.74b (down 36% from 3Q 2022). Profit margin: 3.5% (down from 5.7% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 04
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: Rp49.0b (flat on 2Q 2022). Net income: Rp1.20b (down 56% from 2Q 2022). Profit margin: 2.4% (down from 5.6% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to Rp406, the stock trades at a trailing P/E ratio of 43.4x. Average trailing P/E is 4x in the Oil and Gas industry in Indonesia. Total loss to shareholders of 20% over the past three years. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to Rp410, the stock trades at a trailing P/E ratio of 43.8x. Average trailing P/E is 5x in the Oil and Gas industry in Indonesia. Total loss to shareholders of 26% over the past three years. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to Rp434, the stock trades at a trailing P/E ratio of 44x. Average trailing P/E is 5x in the Oil and Gas industry in Indonesia. Total loss to shareholders of 22% over the past three years. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to Rp360, the stock trades at a trailing P/E ratio of 36.5x. Average trailing P/E is 6x in the Oil and Gas industry in Indonesia. Total loss to shareholders of 38% over the past three years. Reported Earnings • Dec 02
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: Rp48.1b (flat on 3Q 2021). Net income: Rp2.72b (up 134% from 3Q 2021). Profit margin: 5.7% (up from 2.4% in 3Q 2021). Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Husni Heron was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improved over the past week After last week's 17% share price gain to Rp590, the stock trades at a trailing P/E ratio of 73.1x. Average trailing P/E is 6x in the Oil and Gas industry in Indonesia. Total loss to shareholders of 5.6% over the past three years. Buying Opportunity • Sep 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 8.0%. The fair value is estimated to be Rp648, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Aug 25
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: Rp49.3b (flat on 2Q 2021). Net income: Rp2.74b (up Rp4.01b from 2Q 2021). Profit margin: 5.6% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 05
First quarter 2022 earnings released First quarter 2022 results: Revenue: Rp41.3b (down 6.4% from 1Q 2021). Net income: Rp1.48b (down 12% from 1Q 2021). Profit margin: 3.6% (down from 3.8% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has fallen by 5% per year, 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. 1 experienced director. 4 highly experienced directors. 1 independent director (2 non-independent directors). Independent Director Husni Heron was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Is New 90 Day High Low • Jan 27
New 90-day high: Rp550 The company is up 23% from its price of Rp448 on 27 October 2020. The Indonesian market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 22% over the same period. Is New 90 Day High Low • Dec 30
New 90-day high: Rp505 The company is up 9.0% from its price of Rp464 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 Oil and Gas industry, which is up 27% over the same period. Is New 90 Day High Low • Nov 10
New 90-day low: Rp422 The company is down 13% from its price of Rp484 on 12 August 2020. The Indonesian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is down 7.0% over the same period.