New Risk • Jun 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indonesian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (17% average weekly change). Minor Risks High level of debt (62% net debt to equity). Large one-off items impacting financial results. Market cap is less than US$100m (Rp591.6b market cap, or US$33.1m). Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to Rp83.00, the stock trades at a trailing P/E ratio of 2.3x. Average trailing P/E is 9x in the Energy Services industry in Indonesia. Total returns to shareholders of 66% over the past three years. Valuation Update With 7 Day Price Move • May 21
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to Rp95.00, the stock trades at a trailing P/E ratio of 2.7x. Average trailing P/E is 10x in the Energy Services industry in Indonesia. Total returns to shareholders of 90% over the past three years. 공시 • May 15
PT Logindo Samudramakmur Tbk., Annual General Meeting, Jun 30, 2026 PT Logindo Samudramakmur Tbk., Annual General Meeting, Jun 30, 2026. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to Rp168, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 13x in the Energy Services industry in Indonesia. Total returns to shareholders of 236% over the past three years. New Risk • Apr 08
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 243% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (19% average weekly change). Minor Risks High level of debt (67% net debt to equity). Large one-off items impacting financial results. Market cap is less than US$100m (Rp782.9b market cap, or US$46.2m). Reported Earnings • Apr 03
Full year 2025 earnings released: EPS: US$0.002 (vs US$0.001 in FY 2024) Full year 2025 results: EPS: US$0.002 (up from US$0.001 in FY 2024). Revenue: US$40.8m (down 13% from FY 2024). Net income: US$12.8m (up 261% from FY 2024). Profit margin: 31% (up from 7.6% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to Rp134, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 19x in the Energy Services industry in Indonesia. Total returns to shareholders of 148% over the past three years. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to Rp175, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 21x in the Energy Services industry in Indonesia. Total returns to shareholders of 178% over the past three years. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment deteriorates as stock falls 40% After last week's 40% share price decline to Rp137, the stock trades at a trailing P/E ratio of 18x. Average trailing P/E is 20x in the Energy Services industry in Indonesia. Total returns to shareholders of 99% over the past three years. Board Change • Jan 23
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. 6 highly experienced directors. 1 independent director (3 non-independent directors). Independent Director Meyrick Sumantri was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Jan 02
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 15% 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 (1.7x net interest cover). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (Rp1.19t market cap, or US$71.7m). Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to Rp125, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 19x in the Energy Services industry in Indonesia. Total returns to shareholders of 60% over the past three years. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to Rp91.00, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 16x in the Energy Services industry in Indonesia. Total returns to shareholders of 21% over the past three years. Reported Earnings • Nov 04
Third quarter 2025 earnings released: EPS: US$0 (vs US$0 in 3Q 2024) Third quarter 2025 results: EPS: US$0 (in line with 3Q 2024). Revenue: US$11.0m (down 5.6% from 3Q 2024). Net income: US$702.1k (down 65% from 3Q 2024). Profit margin: 6.4% (down from 17% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Board Change • Oct 14
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. 3 non-independent directors. Independent Director Meyrick Sumantri was the last independent director to join the board, commencing their role in 2013. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • May 20
PT Logindo Samudramakmur Tbk., Annual General Meeting, Jun 25, 2025 PT Logindo Samudramakmur Tbk., Annual General Meeting, Jun 25, 2025. Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to Rp118, the stock trades at a trailing P/E ratio of 18x. Average trailing P/E is 11x in the Energy Services industry in Indonesia. Total returns to shareholders of 82% over the past three years. New Risk • Nov 02
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (Rp506.2b market cap, or US$32.4m). Reported Earnings • Oct 06
Second quarter 2024 earnings released: EPS: US$0 (vs US$0 in 2Q 2023) Second quarter 2024 results: EPS: US$0 (in line with 2Q 2023). Revenue: US$10.5m (up 38% from 2Q 2023). Net loss: US$268.3k (loss narrowed 84% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Oct 01
Now 26% undervalued Over the last 90 days, the stock has risen 15% to Rp94.00. The fair value is estimated to be Rp127, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 30%. 공시 • Aug 13
PT Logindo Samudramakmur Tbk., Annual General Meeting, Sep 18, 2024 PT Logindo Samudramakmur Tbk., Annual General Meeting, Sep 18, 2024. New Risk • Aug 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 8.4% 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 (8.4% average weekly change). Market cap is less than US$100m (Rp319.9b market cap, or US$19.8m). New Risk • Jun 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 (Rp279.4b market cap, or US$17.0m). Reported Earnings • Jun 04
Full year 2023 earnings released Full year 2023 results: Revenue: US$32.8m (up 11% from FY 2022). Net loss: US$5.41m (loss narrowed 9.7% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. New Risk • May 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Market cap is less than US$100m (Rp298.5b market cap, or US$18.8m). Reported Earnings • Nov 06
Third quarter 2023 earnings released: US$0.001 loss per share (vs US$0 in 3Q 2022) Third quarter 2023 results: US$0.001 loss per share (further deteriorated from US$0 in 3Q 2022). Revenue: US$8.75m (up 7.9% from 3Q 2022). Net loss: US$2.28m (loss widened 162% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • Aug 01
Second quarter 2023 earnings released: EPS: US$0 (vs US$0.001 loss in 2Q 2022) Second quarter 2023 results: EPS: US$0 (improved from US$0.001 loss in 2Q 2022). Revenue: US$7.60m (up 14% from 2Q 2022). Net loss: US$1.62m (loss narrowed 29% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has remained flat, which means it is well ahead of earnings. 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. 1 experienced director. 6 highly experienced directors. 1 independent director (3 non-independent directors). Independent Director Meyrick Sumantri was the last independent director to join the board, commencing their role in 2013. 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 • Aug 26
Second quarter 2022 earnings released: US$0.001 loss per share (vs US$0 in 2Q 2021) Second quarter 2022 results: US$0.001 loss per share (down from US$0 in 2Q 2021). Revenue: US$6.69m (up 12% from 2Q 2021). Net loss: US$2.27m (loss widened 55% from 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 only increased by 1% per year, which means it is significantly lagging earnings growth. 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. 6 highly experienced directors. 1 independent director (3 non-independent directors). Independent Director Meyrick Sumantri was the last independent director to join the board, commencing their role in 2013. 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 • Nov 27
New 90-day high: Rp52.00 The company is up 4.0% from its price of Rp50.00 on 28 August 2020. The Indonesian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Energy Services industry, which is also up 4.0% over the same period.