Recent Insider Transactions • Aug 12
Company Secretary & Director recently bought Rp121m worth of stock On the 7th of August, Nicholas Santoso bought around 82k shares on-market at roughly Rp1,479 per share. This trade did not impact their existing holding. This was the largest purchase 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 • Aug 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to Rp1,260, the stock trades at a trailing P/E ratio of 26.5x. Average trailing P/E is 18x in the Real Estate industry in Indonesia. Total returns to shareholders of 540% over the past three years. Reported Earnings • Jul 28
Second quarter 2026 earnings released: EPS: Rp11.42 (vs Rp99.83 in 2Q 2025) Second quarter 2026 results: EPS: Rp11.42 (down from Rp99.83 in 2Q 2025). Revenue: Rp12.2b (down 82% from 2Q 2025). Net income: Rp7.43b (down 89% from 2Q 2025). Profit margin: 61% (down from 98% in 2Q 2025). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 79% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 01
First quarter 2026 earnings released: Rp25.36 loss per share (vs Rp4.99 profit in 1Q 2025) First quarter 2026 results: Rp25.36 loss per share (down from Rp4.99 profit in 1Q 2025). Net loss: Rp16.5b (down Rp19.8b from profit in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has only increased by 98% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to Rp1,405, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 22x in the Real Estate industry in Indonesia. Total returns to shareholders of 830% over the past three years. 공고 • Mar 10
PT Charnic Capital Tbk, Annual General Meeting, Apr 15, 2026 PT Charnic Capital Tbk, Annual General Meeting, Apr 15, 2026. Reported Earnings • Feb 17
Full year 2025 earnings released: EPS: Rp166 (vs Rp12.84 in FY 2024) Full year 2025 results: EPS: Rp166 (up from Rp12.84 in FY 2024). Revenue: Rp110.1b (up Rp103.7b from FY 2024). Net income: Rp108.3b (up Rp99.9b from FY 2024). Profit margin: 98% (down from 130% in FY 2024). Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has only increased by 86% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to Rp1,465, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 24x in the Real Estate industry in Indonesia. Total returns to shareholders of 633% over the past three years. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to Rp1,280, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 32x in the Real Estate industry in Indonesia. Total returns to shareholders of 657% over the past three years. New Risk • Jan 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 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 Risks Earnings have declined by 14% per year over the past 5 years. High level of non-cash earnings (196% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (Rp986.5b market cap, or US$58.2m). Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: Rp23.23 (vs Rp17.37 loss in 3Q 2024) Third quarter 2025 results: EPS: Rp23.23 (up from Rp17.37 loss in 3Q 2024). Net income: Rp15.1b (up Rp26.4b from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. 공고 • Feb 07
PT Charnic Capital Tbk, Annual General Meeting, Mar 17, 2025 PT Charnic Capital Tbk, Annual General Meeting, Mar 17, 2025. Location: jakarta Indonesia Reported Earnings • Oct 27
Third quarter 2024 earnings released: Rp17.38 loss per share (vs Rp5.63 loss in 3Q 2023) Third quarter 2024 results: Rp17.38 loss per share (further deteriorated from Rp5.63 loss in 3Q 2023). Net loss: Rp11.3b (loss widened 208% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 29
Second quarter 2024 earnings released Second quarter 2024 results: Net income: Rp367.9m (down 98% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. New Risk • Jul 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 8.9% 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 Risks Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m (Rp9.9b revenue, or US$603k). Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Market cap is less than US$100m (Rp204.5b market cap, or US$12.5m). Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to Rp392, the stock trades at a trailing P/E ratio of 24.9x. Average trailing P/E is 15x in the Real Estate industry in Indonesia. Total loss to shareholders of 15% over the past three years. Reported Earnings • May 01
First quarter 2024 earnings released: Rp13.02 loss per share (vs Rp134 loss in 1Q 2023) First quarter 2024 results: Rp13.02 loss per share (improved from Rp134 loss in 1Q 2023). Net loss: Rp8.48b (loss narrowed 90% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 13
Full year 2023 earnings released: Rp105 loss per share (vs Rp78.16 loss in FY 2022) Full year 2023 results: Rp105 loss per share (further deteriorated from Rp78.16 loss in FY 2022). Net loss: Rp68.4b (loss widened 35% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Dec 31
Company Secretary & Director recently bought Rp25m worth of stock On the 28th of December, Nicholas Santoso bought around 102k shares on-market at roughly Rp242 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold Rp153m more in shares than they bought in the last 12 months. Recent Insider Transactions • Nov 12
Company Secretary & Director recently sold Rp83m worth of stock On the 6th of November, Nicholas Santoso sold around 312k shares on-market at roughly Rp266 per share. This transaction amounted to 43% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth Rp197m. Insiders have been net sellers, collectively disposing of Rp178m more than they bought in the last 12 months. Reported Earnings • Oct 27
Third quarter 2023 earnings released: Rp5.64 loss per share (vs Rp0.70 profit in 3Q 2022) Third quarter 2023 results: Rp5.64 loss per share (down from Rp0.70 profit in 3Q 2022). Net loss: Rp3.67b (down Rp4.12b from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Sep 24
Company Secretary & Director recently sold Rp197m worth of stock On the 21st of September, Nicholas Santoso sold around 764k shares on-market at roughly Rp258 per share. This transaction amounted to 51% 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. Reported Earnings • Jul 30
Second quarter 2023 earnings released: EPS: Rp23.74 (vs Rp0.84 loss in 2Q 2022) Second quarter 2023 results: EPS: Rp23.74 (up from Rp0.84 loss in 2Q 2022). Net income: Rp15.5b (up Rp16.0b from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 12
Full year 2022 earnings released: Rp78.16 loss per share (vs Rp332 profit in FY 2021) Full year 2022 results: Rp78.16 loss per share (down from Rp332 profit in FY 2021). Net loss: Rp50.9b (down 124% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging 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. 1 highly experienced director. 1 independent director (2 non-independent directors). Independent Director Aris Setyadi was the last independent director to join the board, commencing their role in 2018. 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 28
Third quarter 2022 earnings released: EPS: Rp0.70 (vs Rp28.39 in 3Q 2021) Third quarter 2022 results: EPS: Rp0.70 (down from Rp28.39 in 3Q 2021). Revenue: Rp576.8m (down 97% from 3Q 2021). Net income: Rp453.6m (down 98% from 3Q 2021). Profit margin: 79% (down from 97% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 30
First quarter 2022 earnings released: Rp6.84 loss per share (vs Rp4.61 loss in 1Q 2021) First quarter 2022 results: Rp6.84 loss per share (down from Rp4.61 loss in 1Q 2021). Revenue: -Rp3.37b (up 31% from 1Q 2021). Net loss: Rp4.46b (loss widened 49% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has only increased by 11% 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. 5 experienced directors. 1 highly experienced director. 1 independent director (2 non-independent directors). Independent Director Aris Setyadi was the last independent director to join the board, commencing their role in 2018. 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 • Mar 15
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: Rp332 (up from Rp4.31 loss in FY 2020). Revenue: Rp218.4b (down 26,513% from FY 2020). Net income: Rp216.3b (up Rp219.1b from FY 2020). Profit margin: 99% (down from 339% in FY 2020). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improved over the past week After last week's 16% share price gain to Rp770, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 31x in the Real Estate industry in Indonesia. Total returns to shareholders of 287% over the past three years. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improved over the past week After last week's 16% share price gain to Rp665, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 32x in the Real Estate industry in Indonesia. Total returns to shareholders of 365% over the past three years. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improved over the past week After last week's 15% share price gain to Rp500, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 31x in the Real Estate industry in Indonesia. Total returns to shareholders of 282% over the past three years. Is New 90 Day High Low • Jan 25
New 90-day low: Rp258 The company is down 14% from its price of Rp300 on 27 October 2020. The Indonesian market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 10.0% over the same period. Is New 90 Day High Low • Dec 30
New 90-day low: Rp270 The company is down 18% from its price of Rp330 on 30 September 2020. The Indonesian market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 35% over the same period. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment deteriorated over the past week After last week's 15% share price decline to Rp288, the stock is trading at a trailing P/E ratio of 74.5x, down from the previous P/E ratio of 87.9x. This compares to an average P/E of 25x in the Real Estate industry in Indonesia. Total return to shareholders over the past year is a loss of 2.0%. Is New 90 Day High Low • Dec 11
New 90-day high: Rp340 The company is up 14% from its price of Rp298 on 11 September 2020. The Indonesian market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 19% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of Rp2.52b, down 76% from the prior year.