Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to Rp530, the stock trades at a trailing P/E ratio of 31.2x. Average trailing P/E is 34x in the Entertainment industry in Indonesia. Total loss to shareholders of 33% over the past three years. Valuation Update With 7 Day Price Move • May 26
Investor sentiment deteriorates as stock falls 35% After last week's 35% share price decline to Rp420, the stock trades at a trailing P/E ratio of 24.7x. Average trailing P/E is 29x in the Entertainment industry in Indonesia. Total loss to shareholders of 47% over the past three years. 공시 • May 21
PT MNC Digital Entertainment Tbk, Annual General Meeting, Jun 26, 2026 PT MNC Digital Entertainment Tbk, Annual General Meeting, Jun 26, 2026. Valuation Update With 7 Day Price Move • May 12
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to Rp675, the stock trades at a trailing P/E ratio of 39.7x. Average trailing P/E is 34x in the Entertainment industry in Indonesia. Total loss to shareholders of 15% over the past three years. New Risk • May 05
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). High level of non-cash earnings (24% accrual ratio). Reported Earnings • May 05
First quarter 2026 earnings released: EPS: Rp2.68 (vs Rp2.03 in 1Q 2025) First quarter 2026 results: EPS: Rp2.68 (up from Rp2.03 in 1Q 2025). Revenue: Rp1.07t (up 7.6% from 1Q 2025). Net income: Rp162.5b (up 32% from 1Q 2025). Profit margin: 15% (up from 12% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to Rp1,125, the stock trades at a trailing P/E ratio of 70x. Average trailing P/E is 39x in the Entertainment industry in Indonesia. Total returns to shareholders of 40% over the past three years. Reported Earnings • Apr 03
Full year 2025 earnings released: EPS: Rp16.07 (vs Rp6.57 in FY 2024) Full year 2025 results: EPS: Rp16.07 (up from Rp6.57 in FY 2024). Revenue: Rp3.83t (up 10% from FY 2024). Net income: Rp975.0b (up 145% from FY 2024). Profit margin: 25% (up from 12% in FY 2024). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. New Risk • Apr 02
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 19% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to Rp585, the stock trades at a trailing P/E ratio of 78.2x. Average trailing P/E is 18x in the Entertainment industry in Asia. Total loss to shareholders of 29% over the past three years. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to Rp575, the stock trades at a trailing P/E ratio of 76.8x. Average trailing P/E is 20x in the Entertainment industry in Asia. Total loss to shareholders of 35% over the past three years. New Risk • Feb 27
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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 39% After last week's 39% share price gain to Rp466, the stock trades at a trailing P/E ratio of 62.3x. Average trailing P/E is 20x in the Entertainment industry in Asia. Total loss to shareholders of 46% over the past three years. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to Rp404, the stock trades at a trailing P/E ratio of 54x. Average trailing P/E is 19x in the Entertainment industry in Asia. Total loss to shareholders of 54% over the past three years. Recent Insider Transactions • Jan 16
Director recently sold Rp104m worth of stock On the 9th of January, Titan Hermawan sold around 250k shares on-market at roughly Rp418 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to Rp496, the stock trades at a trailing P/E ratio of 66.3x. Average trailing P/E is 19x in the Entertainment industry in Asia. Total loss to shareholders of 48% over the past three years. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to Rp416, the stock trades at a trailing P/E ratio of 55.6x. Average trailing P/E is 20x in the Entertainment industry in Asia. Total loss to shareholders of 58% over the past three years. Reported Earnings • Nov 04
Third quarter 2025 earnings released: EPS: Rp1.43 (vs Rp0.73 in 3Q 2024) Third quarter 2025 results: EPS: Rp1.43 (up from Rp0.73 in 3Q 2024). Revenue: Rp1.02t (up 53% from 3Q 2024). Net income: Rp86.4b (up 96% from 3Q 2024). Profit margin: 8.5% (up from 6.6% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Board Change • Oct 24
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. 8 non-independent directors. Independent Commissioner Andry Triyudanto was the last independent director to join the board, commencing their role in 2018. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • May 12
PT MNC Digital Entertainment Tbk, Annual General Meeting, Jun 20, 2025 PT MNC Digital Entertainment Tbk, Annual General Meeting, Jun 20, 2025. Reported Earnings • Nov 03
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: Rp666.1b (up 6.0% from 3Q 2023). Net income: Rp44.1b (up 311% from 3Q 2023). Profit margin: 6.6% (up from 1.7% in 3Q 2023). New Risk • Aug 13
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 10% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 03
Second quarter 2024 earnings released: EPS: Rp15.45 (vs Rp10.95 in 2Q 2023) Second quarter 2024 results: EPS: Rp15.45 (up from Rp10.95 in 2Q 2023). Revenue: Rp876.1b (down 3.9% from 2Q 2023). Net income: Rp187.5b (up 41% from 2Q 2023). Profit margin: 21% (up from 15% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 69% per year, which means it is well ahead of earnings. 공시 • May 19
PT MNC Digital Entertainment Tbk, Annual General Meeting, Jun 24, 2024 PT MNC Digital Entertainment Tbk, Annual General Meeting, Jun 24, 2024. Location: jakarta Indonesia Reported Earnings • Apr 03
Full year 2023 earnings released: EPS: Rp21.75 (vs Rp29.69 in FY 2022) Full year 2023 results: EPS: Rp21.75 (down from Rp29.69 in FY 2022). Revenue: Rp2.95t (down 16% from FY 2022). Net income: Rp264.0b (down 22% from FY 2022). Profit margin: 8.9% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 165% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 03
Third quarter 2023 earnings released: EPS: Rp0.88 (vs Rp9.31 in 3Q 2022) Third quarter 2023 results: EPS: Rp0.88 (down from Rp9.31 in 3Q 2022). Revenue: Rp628.6b (down 36% from 3Q 2022). Net income: Rp10.7b (down 90% from 3Q 2022). Profit margin: 1.7% (down from 11% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 172% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment deteriorates as stock falls 46% After last week's 46% share price decline to Rp1,980, the stock trades at a trailing P/E ratio of 79.7x. Average trailing P/E is 106x in the Entertainment industry in Indonesia. Total returns to shareholders of 1,361% over the past three years. 공시 • Sep 18
PT MNC Digital Entertainment Tbk(IDX:MSIN) dropped from FTSE All-World Index (USD) PT MNC Digital Entertainment Tbk(IDX:MSIN) dropped from FTSE All-World Index (USD) New Risk • Aug 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (9.1% net profit margin). Shareholders have been diluted in the past year (6.0% increase in shares outstanding). Reported Earnings • Aug 06
Second quarter 2023 earnings released: EPS: Rp10.95 (vs Rp12.21 in 2Q 2022) Second quarter 2023 results: EPS: Rp10.95 (down from Rp12.21 in 2Q 2022). Revenue: Rp911.9b (down 9.5% from 2Q 2022). Net income: Rp132.9b (down 5.0% from 2Q 2022). Profit margin: 15% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 200% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 08
First quarter 2023 earnings released: EPS: Rp8.88 (vs Rp12.16 in 1Q 2022) First quarter 2023 results: EPS: Rp8.88 (down from Rp12.16 in 1Q 2022). Revenue: Rp823.9b (down 11% from 1Q 2022). Net income: Rp107.8b (down 23% from 1Q 2022). Profit margin: 13% (down from 15% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 193% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 30
Full year 2022 earnings released: EPS: Rp29.69 (vs Rp35.31 in FY 2021) Full year 2022 results: EPS: Rp29.69 (down from Rp35.31 in FY 2021). Revenue: Rp3.52t (up 14% from FY 2021). Net income: Rp339.8b (down 15% from FY 2021). Profit margin: 9.7% (down from 13% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 187% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Dec 02
Third quarter 2022 earnings released: EPS: Rp9.31 (vs Rp5.19 in 3Q 2021) Third quarter 2022 results: EPS: Rp9.31 (up from Rp5.19 in 3Q 2021). Revenue: Rp980.9b (up 191% from 3Q 2021). Net income: Rp106.6b (up 81% from 3Q 2021). Profit margin: 11% (down from 17% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 183% per year, which means it is tracking significantly ahead of earnings growth. 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. 7 non-independent directors. Independent Commissioner Andry Triyudanto was the last independent director to join the board, commencing their role in 2018. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 27
Second quarter 2022 earnings released: EPS: Rp12.26 (vs Rp6.72 in 2Q 2021) Second quarter 2022 results: EPS: Rp12.26 (up from Rp6.72 in 2Q 2021). Revenue: Rp1.01t (up 106% from 2Q 2021). Net income: Rp140.3b (up 84% from 2Q 2021). Profit margin: 14% (down from 16% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 215% per year, which means it is tracking significantly ahead of earnings growth. 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. 6 non-independent directors. Independent Commissioner Andry Triyudanto was the last independent director to join the board, commencing their role in 2018. 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: Revenues in line with analyst expectations Full year 2021 results: Revenue: Rp1.81t (up 31% from FY 2020). Net income: Rp300.1b (up 80% from FY 2020). Profit margin: 17% (up from 12% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. 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 239% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improved over the past week After last week's 19% share price gain to Rp585, the stock trades at a trailing P/E ratio of 25.9x. Average trailing P/E is 23x in the Entertainment industry in Asia. Total returns to shareholders of 252% over the past three years. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS Rp6.72 (vs Rp1.56 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: Rp488.7b (up 112% from 2Q 2020). Net income: Rp76.4b (up 372% from 2Q 2020). Profit margin: 16% (up from 7.0% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 39% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment improved over the past week After last week's 39% share price gain to Rp605, the stock trades at a trailing P/E ratio of 34.6x. Average trailing P/E is 23x in the Entertainment industry in Asia. Total returns to shareholders of 184% over the past three years. Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment deteriorated over the past week After last week's 19% share price decline to Rp418, the stock trades at a trailing P/E ratio of 23.9x. Average trailing P/E is 25x in the Entertainment industry in Asia. Total returns to shareholders of 90% over the past three years. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improved over the past week After last week's 30% share price gain to Rp210, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 29x in the Entertainment industry in Asia. Total loss to shareholders of 3.6% over the past three years. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improved over the past week After last week's 34% share price gain to Rp216, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 29x in the Entertainment industry in Asia. Total loss to shareholders of 13% over the past three years. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment improved over the past week After last week's 20% share price gain to Rp202, the stock is trading at a trailing P/E ratio of 13.4x, up from the previous P/E ratio of 11.1x. This compares to an average P/E of 25x in the Entertainment industry in Asia. Total returns to shareholders over the past year are 3.1%. Is New 90 Day High Low • Feb 15
New 90-day high: Rp202 The company is up 36% from its price of Rp149 on 17 November 2020. The Indonesian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 15% over the same period. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improved over the past week After last week's 20% share price gain to Rp356, the stock is trading at a trailing P/E ratio of 11.8x, up from the previous P/E ratio of 9.8x. This compares to an average P/E of 24x in the Entertainment industry in Asia. Total return to shareholders over the past year is a loss of 14%. Is New 90 Day High Low • Dec 21
New 90-day high: Rp326 The company is up 21% from its price of Rp270 on 23 September 2020. The Indonesian market is up 23% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Entertainment industry, which is down 3.0% over the same period. Is New 90 Day High Low • Nov 28
New 90-day high: Rp304 The company is up 3.0% from its price of Rp296 on 28 August 2020. The Indonesian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Entertainment industry, which is down 7.0% over the same period. Reported Earnings • Nov 26
Third quarter 2020 earnings released: EPS Rp9.40 The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2020 results: Revenue: Rp326.7b (down 21% from 3Q 2019). Net income: Rp48.6b (down 8.0% from 3Q 2019). Profit margin: 15% (up from 13% in 3Q 2019). The increase in margin was driven by lower expenses.