Reported Earnings • 1h
Second quarter 2026 earnings released: Rp1.26 loss per share (vs Rp1.78 profit in 2Q 2025) Second quarter 2026 results: Rp1.26 loss per share (down from Rp1.78 profit in 2Q 2025). Revenue: Rp82.8b (down 77% from 2Q 2025). Net loss: Rp21.0b (down 183% from profit in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment deteriorates as stock falls 33% After last week's 33% share price decline to Rp68.00, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 12x in the Insurance industry in Indonesia. Negligible returns to shareholders over past three years. New Risk • Jun 05
New major risk - Revenue and earnings growth Earnings have declined by 1.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 1.4% per year over the past 5 years. Minor Risk Market cap is less than US$100m (Rp1.25t market cap, or US$68.9m). Reported Earnings • May 28
First quarter 2026 earnings released: Rp0.025 loss per share (vs Rp0.45 loss in 1Q 2025) First quarter 2026 results: Rp0.025 loss per share (improved from Rp0.45 loss in 1Q 2025). Revenue: Rp354.8b (up 30% from 1Q 2025). Net loss: Rp353.0m (loss narrowed 95% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 20
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to Rp113, the stock trades at a trailing P/E ratio of 29.8x. Average trailing P/E is 13x in the Insurance industry in Indonesia. Total returns to shareholders of 71% over the past three years. Valuation Update With 7 Day Price Move • May 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to Rp117, the stock trades at a trailing P/E ratio of 41.8x. Average trailing P/E is 14x in the Insurance industry in Indonesia. Total returns to shareholders of 80% over the past three years. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to Rp111, the stock trades at a trailing P/E ratio of 39.7x. Average trailing P/E is 15x in the Insurance industry in Indonesia. Total returns to shareholders of 66% over the past three years. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improves as stock rises 41% After last week's 41% share price gain to Rp121, the stock trades at a trailing P/E ratio of 43.2x. Average trailing P/E is 16x in the Insurance industry in Indonesia. Total returns to shareholders of 116% over the past three years. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to Rp106, the stock trades at a trailing P/E ratio of 37.9x. Average trailing P/E is 18x in the Insurance industry in Indonesia. Total returns to shareholders of 43% over the past three years. New Risk • Jan 06
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 Earnings have declined by 14% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improves as stock rises 38% After last week's 38% share price gain to Rp152, the stock trades at a trailing P/E ratio of 54.3x. Average trailing P/E is 16x in the Insurance industry in Indonesia. Total returns to shareholders of 108% over the past three years. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to Rp122, the stock trades at a trailing P/E ratio of 43.6x. Average trailing P/E is 14x in the Insurance industry in Indonesia. Total returns to shareholders of 49% over the past three years. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to Rp113, the stock trades at a trailing P/E ratio of 40.4x. Average trailing P/E is 12x in the Insurance industry in Indonesia. Total returns to shareholders of 28% over the past three years. New Risk • Nov 02
New major risk - Revenue and earnings growth Earnings have declined by 14% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 14% per year over the past 5 years. 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 (Rp1.27t market cap, or US$76.0m). Board Change • Oct 24
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. 4 non-independent directors. Corporate Secretary & Independent Director Tan Sutandar was the last independent director to join the board, commencing their role in 2008. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공고 • May 21
PT Equity Development Investment Tbk, Annual General Meeting, Jun 26, 2025 PT Equity Development Investment Tbk, Annual General Meeting, Jun 26, 2025. Reported Earnings • Nov 03
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: Rp344.1b (up 13% from 3Q 2023). Net income: Rp29.7b (up 449% from 3Q 2023). Profit margin: 8.6% (up from 1.8% in 3Q 2023). 공고 • May 19
PT Equity Development Investment Tbk, Annual General Meeting, Jun 25, 2024 PT Equity Development Investment Tbk, Annual General Meeting, Jun 25, 2024. Reported Earnings • Aug 06
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: Rp300.1b (down 16% from 2Q 2022). Net income: Rp3.01b (up Rp3.15b from 2Q 2022). Profit margin: 1.0% (up from 0% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to Rp66.00, the stock trades at a trailing P/E ratio of 26.8x. Average trailing P/E is 13x in the Insurance industry in Indonesia. Total loss to shareholders of 17% over the past three years. Reported Earnings • Nov 30
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: Rp404.5b (up 16% from 3Q 2021). Net income: Rp11.1b (up Rp25.0b from 3Q 2021). Profit margin: 2.7% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as 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. 5 experienced directors. 5 highly experienced directors. 1 independent director (4 non-independent directors). Corporate Secretary & Independent Director Tan Sutandar was the last independent director to join the board, commencing their role in 2008. 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 • Oct 03
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: Rp357.2b (up 43% from 2Q 2021). Net loss: Rp131.0m (loss narrowed 99% from 2Q 2021). Profit margin: 0% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as 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. No experienced directors. 8 highly experienced directors. 1 independent director (3 non-independent directors). Corporate Secretary & Independent Director Tan Sutandar was the last independent director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment deteriorated over the past week After last week's 18% share price decline to Rp314, the stock trades at a trailing P/E ratio of 54.3x. Average trailing P/E is 21x in the Insurance industry in Indonesia. Total returns to shareholders of 396% over the past three years. Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment improved over the past week After last week's 55% share price gain to Rp316, the stock trades at a trailing P/E ratio of 54.6x. Average trailing P/E is 22x in the Insurance industry in Indonesia. Total returns to shareholders of 233% over the past three years. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improved over the past week After last week's 27% share price gain to Rp228, the stock trades at a trailing P/E ratio of 39.4x. Average trailing P/E is 20x in the Insurance industry in Indonesia. Total returns to shareholders of 119% over the past three years. Reported Earnings • Sep 06
Second quarter 2021 earnings released: Rp1.33 loss per share (vs Rp1.44 loss in 2Q 2020) The company reported a soft second quarter result with weaker revenues and control over costs, although losses reduced. Second quarter 2021 results: Revenue: Rp249.7b (down 15% from 2Q 2020). Net loss: Rp9.90b (loss narrowed 7.6% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment deteriorated over the past week After last week's 17% share price decline to Rp214, the stock trades at a trailing P/E ratio of 37.7x. Average trailing P/E is 21x in the Insurance industry in Indonesia. Total returns to shareholders of 93% over the past three years. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improved over the past week After last week's 16% share price gain to Rp260, the stock trades at a trailing P/E ratio of 45.8x. Average trailing P/E is 11x in the Insurance industry in Indonesia. Total returns to shareholders of 150% over the past three years. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improved over the past week After last week's 46% share price gain to Rp204, the stock trades at a trailing P/E ratio of 36x. Average trailing P/E is 20x in the Insurance industry in Indonesia. Total returns to shareholders of 73% over the past three years. Reported Earnings • Jul 05
Third quarter 2020 earnings released: EPS Rp3.95 (vs Rp2.12 in 3Q 2019) The company reported a solid third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2020 results: Revenue: Rp295.4b (flat on 3Q 2019). Net income: Rp29.5b (up 87% from 3Q 2019). Profit margin: 10.0% (up from 5.4% in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 12
New 90-day high: Rp124 The company is up 43% from its price of Rp87.00 on 12 November 2020. The Indonesian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is down 11% over the same period. Is New 90 Day High Low • Jan 27
New 90-day high: Rp118 The company is up 36% from its price of Rp87.00 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 Insurance industry, which is down 17% over the same period. Is New 90 Day High Low • Jan 11
New 90-day high: Rp102 The company is up 17% from its price of Rp87.00 on 14 October 2020. The Indonesian market is up 21% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Insurance industry, which is down 18% over the same period. Reported Earnings • Dec 04
Third quarter 2020 earnings released: EPS Rp3.41 The company reported a soft third quarter result with weaker revenues and profit margins, although earnings were improved. Third quarter 2020 results: Revenue: -Rp419.8b (down 243% from 3Q 2019). Net income: Rp25.4b (up 61% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 23
New 90-day low: Rp78.00 The company is down 26% from its price of Rp106 on 24 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 Insurance industry, which is flat over the same period. Is New 90 Day High Low • Oct 05
New 90-day low: Rp82.00 The company is down 30% from its price of Rp117 on 03 July 2020. The Indonesian market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 2.0% over the same period. Is New 90 Day High Low • Sep 18
New 90-day low: Rp85.00 The company is down 23% from its price of Rp111 on 19 June 2020. The Indonesian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is flat over the same period.