New Risk • 15h
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 12% 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 High level of debt (46% net debt to equity). Share price has been volatile over the past 3 months (12% average weekly change). Valuation Update With 7 Day Price Move • May 19
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to Rp412, the stock trades at a trailing P/E ratio of 16.9x. Average trailing P/E is 16x in the Metals and Mining industry in Indonesia. Total returns to shareholders of 363% over the past three years. Buy Or Sell Opportunity • May 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.9% to Rp500. The fair value is estimated to be Rp630, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • May 12
Full year 2025 earnings released: EPS: US$0.001 (vs US$0 in FY 2024) Full year 2025 results: EPS: US$0.001 (up from US$0 in FY 2024). Revenue: US$288.8m (up 22% from FY 2024). Net income: US$36.3m (up 285% from FY 2024). Profit margin: 13% (up from 4.0% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 76% per year, which means it is significantly lagging earnings growth. 공시 • Apr 28
PT J Resources Asia Pasifik Tbk, Annual General Meeting, Jun 03, 2026 PT J Resources Asia Pasifik Tbk, Annual General Meeting, Jun 03, 2026. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to Rp476, the stock trades at a trailing P/E ratio of 24.1x. Average trailing P/E is 19x in the Metals and Mining industry in Indonesia. Total returns to shareholders of 386% over the past three years. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to Rp468, the stock trades at a trailing P/E ratio of 23.9x. Average trailing P/E is 23x in the Metals and Mining industry in Indonesia. Total returns to shareholders of 280% over the past three years. 공시 • Dec 29
An undisclosed buyer acquired 2.5% stake in PT J Resources Asia Pasifik Tbk (IDX:PSAB) from Jimmy Budiarto for IDR 83.3 billion. An undisclosed buyer acquired 2.5% stake in PT J Resources Asia Pasifik Tbk (IDX:PSAB) from Jimmy Budiarto for IDR 83.3 billion on December 23, 2025. A cash consideration valued at IDR 126 per share will be paid by the buyer. Following the transaction, Jimmy Budiarto holds a 23,814,000,000 shares representing a 90% stake in PT J Resources Asia Pasifik.
An undisclosed buyer completed the acquisition of 2.5% stake in PT J Resources Asia Pasifik Tbk (IDX:PSAB) from Jimmy Budiarto on December 23, 2025. 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$81.3m (up 86% from 3Q 2024). Net income: US$6.11m (up US$11.7m from 3Q 2024). Profit margin: 7.5% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 69% per year, which means it is significantly lagging earnings growth. Board Change • Oct 24
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. No independent directors (3 non-independent directors). Independent Commissioner Budikwanto Kuesar was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. 공시 • May 12
PT J Resources Asia Pasifik Tbk, Annual General Meeting, Jun 19, 2025 PT J Resources Asia Pasifik Tbk, Annual General Meeting, Jun 19, 2025. Reported Earnings • Nov 04
Third quarter 2024 earnings released: EPS: US$0 (vs US$0 in 3Q 2023) Third quarter 2024 results: EPS: US$0 (in line with 3Q 2023). Revenue: US$43.7m (up 23% from 3Q 2023). Net loss: US$5.62m (down 214% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 25% per year. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to Rp332, the stock trades at a trailing P/E ratio of 30.9x. Average trailing P/E is 26x in the Metals and Mining industry in Indonesia. Total returns to shareholders of 99% over the past three years. Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to Rp288, the stock trades at a trailing P/E ratio of 69x. Average trailing P/E is 18x in the Metals and Mining industry in Indonesia. Total returns to shareholders of 91% over the past three years. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to Rp216, the stock trades at a trailing P/E ratio of 49.2x. Average trailing P/E is 20x in the Metals and Mining industry in Indonesia. Total returns to shareholders of 22% over the past three years. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to Rp191, the stock trades at a trailing P/E ratio of 43.8x. Average trailing P/E is 20x in the Metals and Mining industry in Indonesia. Total returns to shareholders of 6.7% over the past three years. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to Rp140, the stock trades at a trailing P/E ratio of 31.8x. Average trailing P/E is 12x in the Metals and Mining industry in Indonesia. Total loss to shareholders of 27% over the past three years. Reported Earnings • Jun 08
First quarter 2024 earnings released: EPS: US$0 (vs US$0.001 loss in 1Q 2023) First quarter 2024 results: EPS: US$0 (improved from US$0.001 loss in 1Q 2023). Revenue: US$62.8m (up 183% from 1Q 2023). Net income: US$2.24m (up US$17.2m from 1Q 2023). Profit margin: 3.6% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. 공시 • May 26
PT J Resources Asia Pasifik Tbk, Annual General Meeting, Jun 28, 2024 PT J Resources Asia Pasifik Tbk, Annual General Meeting, Jun 28, 2024. Reported Earnings • Nov 23
Third quarter 2023 earnings released: EPS: US$0 (vs US$0 in 3Q 2022) Third quarter 2023 results: EPS: US$0 (in line with 3Q 2022). Revenue: US$35.5m (up 55% from 3Q 2022). Net income: US$4.92m (up US$5.47m from 3Q 2022). Profit margin: 14% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: US$0 (vs US$0 in 2Q 2022) Second quarter 2023 results: EPS: US$0 (in line with 2Q 2022). Revenue: US$35.4m (up 40% from 2Q 2022). Net loss: US$3.34m (loss widened 18% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings. Reported Earnings • May 14
First quarter 2023 earnings released: US$0.001 loss per share (vs US$0 in 1Q 2022) First quarter 2023 results: US$0.001 loss per share (further deteriorated from US$0 in 1Q 2022). Revenue: US$22.2m (down 23% from 1Q 2022). Net loss: US$15.0m (down US$15.7m from profit in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improved over the past week After last week's 22% share price gain to Rp143, the stock trades at a trailing P/E ratio of 24.5x. Average trailing P/E is 14x in the Metals and Mining industry in Indonesia. Total loss to shareholders of 49% over the past three years. Board Change • Nov 16
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. 2 highly experienced directors. No independent directors (3 non-independent directors). Commissioner Christian Adinugroho Jap is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Reported Earnings • Aug 06
Second quarter 2022 earnings released: EPS: US$0 (vs US$0 in 2Q 2021) Second quarter 2022 results: EPS: US$0 (vs US$0 in 2Q 2021). Revenue: US$25.2m (down 58% from 2Q 2021). Net loss: US$2.82m (loss narrowed 37% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 05
First quarter 2022 earnings released: EPS: US$0 (vs US$0 in 1Q 2021) First quarter 2022 results: EPS: US$0 (vs US$0 in 1Q 2021). Revenue: US$28.9m (down 68% from 1Q 2021). Net income: US$668.8k (up US$1.04m from 1Q 2021). Profit margin: 2.3% (up from net loss in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. 3 highly experienced directors. No independent directors (3 non-independent directors). Independent Commissioner M. Silalahi is the most experienced director on the board, commencing their role in 2011. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Is New 90 Day High Low • Jan 27
New 90-day low: Rp200 The company is down 5.0% from its price of Rp210 on 27 October 2020. The Indonesian market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 69% over the same period. Is New 90 Day High Low • Dec 08
New 90-day high: Rp234 The company is up 5.0% from its price of Rp222 on 09 September 2020. The Indonesian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 26% over the same period.