Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to Rp125, the stock trades at a trailing P/E ratio of 2.4x. Average trailing P/E is 15x in the Media industry in Indonesia. Total loss to shareholders of 60% over the past three years. New Risk • Jun 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: Rp1.82t (US$99.8m) This is considered a minor 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 Risk Earnings have declined by 18% per year over the past 5 years. Minor Risk Market cap is less than US$100m (Rp1.82t market cap, or US$99.8m). 공시 • May 22
PT Global Mediacom Tbk, Annual General Meeting, Jun 29, 2026 PT Global Mediacom Tbk, Annual General Meeting, Jun 29, 2026. Reported Earnings • May 05
First quarter 2026 earnings released: EPS: Rp16.00 (vs Rp11.90 in 1Q 2025) First quarter 2026 results: EPS: Rp16.00 (up from Rp11.90 in 1Q 2025). Revenue: Rp2.38t (down 15% from 1Q 2025). Net income: Rp261.7b (up 34% from 1Q 2025). Profit margin: 11% (up from 6.9% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 17% per year. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to Rp162, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 24x in the Media industry in Indonesia. Total loss to shareholders of 41% over the past three years. Buy Or Sell Opportunity • Apr 10
Now 22% overvalued Over the last 90 days, the stock has fallen 14% to Rp148. The fair value is estimated to be Rp122, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.5% over the last 3 years. Earnings per share has declined by 30%. Reported Earnings • Apr 03
Full year 2025 earnings released: EPS: Rp47.10 (vs Rp32.86 in FY 2024) Full year 2025 results: EPS: Rp47.10 (up from Rp32.86 in FY 2024). Revenue: Rp9.59t (down 4.6% from FY 2024). Net income: Rp771.0b (up 44% from FY 2024). Profit margin: 8.0% (up from 5.3% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to Rp173, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 28x in the Media industry in Indonesia. Total loss to shareholders of 36% over the past three years. Reported Earnings • Nov 04
Third quarter 2025 earnings released: EPS: Rp3.11 (vs Rp1.71 loss in 3Q 2024) Third quarter 2025 results: EPS: Rp3.11 (up from Rp1.71 loss in 3Q 2024). Revenue: Rp2.26t (up 5.7% from 3Q 2024). Net income: Rp51.1b (up Rp79.1b from 3Q 2024). Profit margin: 2.3% (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 fallen by 38% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Board Change • Oct 27
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. 1 experienced director. 7 highly experienced directors. No independent directors (5 non-independent directors). Independent Commissioner Beti Santoso was the last independent director to join the board, commencing their role in 2015. 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 21
PT Global Mediacom Tbk, Annual General Meeting, Jun 26, 2025 PT Global Mediacom Tbk, Annual General Meeting, Jun 26, 2025. Reported Earnings • Aug 03
Second quarter 2024 earnings released: EPS: Rp5.38 (vs Rp7.36 in 2Q 2023) Second quarter 2024 results: EPS: Rp5.38 (down from Rp7.36 in 2Q 2023). Revenue: Rp2.59t (down 4.7% from 2Q 2023). Net income: Rp88.0b (down 27% from 2Q 2023). Profit margin: 3.4% (down from 4.4% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Jul 02
President Director & Executive Chairman recently bought Rp3.5b worth of stock On the 28th of June, Hary Tanoesoedibjo bought around 17m shares on-market at roughly Rp214 per share. This transaction amounted to 53% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Hary's only on-market trade for the last 12 months. Reported Earnings • Apr 03
Full year 2023 earnings released: EPS: Rp41.40 (vs Rp72.00 in FY 2022) Full year 2023 results: EPS: Rp41.40 (down from Rp72.00 in FY 2022). Revenue: Rp10t (down 17% from FY 2022). Net income: Rp677.6b (down 43% from FY 2022). Profit margin: 6.7% (down from 9.6% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 2% per year. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: Rp3.19 (vs Rp21.92 in 3Q 2022) Third quarter 2023 results: EPS: Rp3.19 (down from Rp21.92 in 3Q 2022). Revenue: Rp2.18t (down 21% from 3Q 2022). Net income: Rp52.2b (down 85% from 3Q 2022). Profit margin: 2.4% (down from 13% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 4% per year. Reported Earnings • Aug 05
Second quarter 2023 earnings released: EPS: Rp7.35 (vs Rp10.17 in 2Q 2022) Second quarter 2023 results: EPS: Rp7.35 (down from Rp10.17 in 2Q 2022). Revenue: Rp2.72t (down 23% from 2Q 2022). Net income: Rp120.4b (down 28% from 2Q 2022). Profit margin: 4.4% (down from 4.7% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to Rp374, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 12x in the Media industry in Indonesia. Total returns to shareholders of 96% over the past three years. Reported Earnings • Mar 29
Full year 2022 earnings released: EPS: Rp72.00 (vs Rp84.95 in FY 2021) Full year 2022 results: EPS: Rp72.00 (down from Rp84.95 in FY 2021). Revenue: Rp12t (down 13% from FY 2021). Net income: Rp1.18t (down 15% from FY 2021). Profit margin: 9.6% (in line with FY 2021). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Reported Earnings • Dec 02
Third quarter 2022 earnings released: EPS: Rp21.95 (vs Rp24.28 in 3Q 2021) Third quarter 2022 results: EPS: Rp21.95 (down from Rp24.28 in 3Q 2021). Revenue: Rp2.77t (down 14% from 3Q 2021). Net income: Rp358.5b (down 9.7% from 3Q 2021). Profit margin: 13% (in line with 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 4% per year. Board Change • Nov 16
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 Beti Santoso was the last independent director to join the board, commencing their role in 2015. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 05
Second quarter 2022 earnings released: EPS: Rp10.20 (vs Rp23.85 in 2Q 2021) Second quarter 2022 results: EPS: Rp10.20 (down from Rp23.85 in 2Q 2021). Revenue: Rp3.53t (down 11% from 2Q 2021). Net income: Rp166.3b (down 58% from 2Q 2021). Profit margin: 4.7% (down from 10.0% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment improved over the past week After last week's 16% share price gain to Rp330, the stock trades at a trailing P/E ratio of 3.5x. Average trailing P/E is 11x in the Media industry in Indonesia. Total loss to shareholders of 17% over the past three years. Reported Earnings • Jun 05
First quarter 2022 earnings released: EPS: Rp20.00 (vs Rp11.03 in 1Q 2021) First quarter 2022 results: EPS: Rp20.00 (up from Rp11.03 in 1Q 2021). Revenue: Rp3.40t (up 3.7% from 1Q 2021). Net income: Rp326.8b (up 84% from 1Q 2021). Profit margin: 9.6% (up from 5.4% in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings. Board Change • Apr 27
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 Beti Santoso was the last independent director to join the board, commencing their role in 2015. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 15
Full year 2021 earnings released: EPS: Rp84.90 (vs Rp59.33 in FY 2020) Full year 2021 results: EPS: Rp84.90 (up from Rp59.33 in FY 2020). Revenue: Rp14t (up 16% from FY 2020). Net income: Rp1.39t (up 52% from FY 2020). Profit margin: 9.9% (up from 7.6% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS Rp23.90 (vs Rp27.49 in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: Rp3.97t (up 34% from 2Q 2020). Net income: Rp395.5b (down 3.9% from 2Q 2020). Profit margin: 10.0% (down from 14% in 2Q 2020). The decrease in margin was driven by higher expenses. 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 14% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 03
Third quarter 2020 earnings released: EPS Rp12.78 (vs Rp20.88 in 3Q 2019) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: Rp3.11t (down 6.2% from 3Q 2019). Net income: Rp195.7b (down 38% from 3Q 2019). Profit margin: 6.3% (down from 9.5% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improved over the past week After last week's 22% share price gain to Rp332, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 19x in the Media industry in Indonesia. Total loss to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improved over the past week After last week's 16% share price gain to Rp320, the stock is trading at a trailing P/E ratio of 3.9x, up from the previous P/E ratio of 3.4x. This compares to an average P/E of 31x in the Media industry in Indonesia. Total return to shareholders over the past three years is a loss of 45%. Is New 90 Day High Low • Dec 16
New 90-day high: Rp310 The company is up 30% from its price of Rp238 on 18 September 2020. The Indonesian market is up 19% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Media industry, which is up 46% over the same period. Reported Earnings • Dec 04
Third quarter 2020 earnings released: EPS Rp12.78 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: Rp3.11t (down 6.2% from 3Q 2019). Net income: Rp195.7b (down 38% from 3Q 2019). Profit margin: 6.3% (down from 9.5% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 27
Market bids up stock over the past week After last week's 18% share price gain to Rp292, the stock is trading at a trailing P/E ratio of 3.3x, up from the previous P/E ratio of 2.8x. This compares to an average P/E of 23x in the Media industry in Indonesia. Total return to shareholders over the past three years is a loss of 50%.