Reported Earnings • May 05
First quarter 2026 earnings released: EPS: Rp31.00 (vs Rp24.17 in 1Q 2025) First quarter 2026 results: EPS: Rp31.00 (up from Rp24.17 in 1Q 2025). Revenue: Rp398.8b (up 48% from 1Q 2025). Net income: Rp27.2b (up 30% from 1Q 2025). Profit margin: 6.8% (down from 7.8% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 40 percentage points per year, which is a significant difference in performance. New Risk • Apr 29
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 Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (Rp304.6b market cap, or US$17.7m). 공시 • Apr 21
PT Mega Perintis Tbk, Annual General Meeting, Jun 03, 2026 PT Mega Perintis Tbk, Annual General Meeting, Jun 03, 2026. Buy Or Sell Opportunity • Apr 20
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to Rp402. The fair value is estimated to be Rp523, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 77%. New Risk • Apr 15
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risk Market cap is less than US$100m (Rp386.4b market cap, or US$22.4m). Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to Rp432, the stock trades at a trailing P/E ratio of 26.9x. Average trailing P/E is 16x in the Specialty Retail industry in Indonesia. Total loss to shareholders of 61% over the past three years. Reported Earnings • Apr 05
Full year 2025 earnings released: EPS: Rp16.00 (vs Rp8.20 in FY 2024) Full year 2025 results: EPS: Rp16.00 (up from Rp8.20 in FY 2024). Revenue: Rp726.6b (up 2.6% from FY 2024). Net income: Rp14.0b (up 96% from FY 2024). Profit margin: 1.9% (up from 1.0% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Apr 03
Now 20% overvalued Over the last 90 days, the stock has fallen 33% to Rp352. The fair value is estimated to be Rp292, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 76%. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to Rp404, the stock trades at a trailing P/E ratio of 43.5x. Average trailing P/E is 12x in the Specialty Retail industry in Indonesia. Total loss to shareholders of 64% over the past three years. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to Rp580, the stock trades at a trailing P/E ratio of 62.4x. Average trailing P/E is 14x in the Specialty Retail industry in Indonesia. Total loss to shareholders of 51% over the past three years. Reported Earnings • Nov 04
Third quarter 2025 earnings released: Rp0.25 loss per share (vs Rp5.21 loss in 3Q 2024) Third quarter 2025 results: Rp0.25 loss per share (improved from Rp5.21 loss in 3Q 2024). Revenue: Rp133.7b (down 4.9% from 3Q 2024). Net loss: Rp225.7m (loss narrowed 95% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. 공시 • Apr 25
PT Mega Perintis Tbk, Annual General Meeting, Jun 04, 2025 PT Mega Perintis Tbk, Annual General Meeting, Jun 04, 2025. Reported Earnings • Nov 03
Third quarter 2024 earnings released: Rp5.16 loss per share (vs Rp2.28 profit in 3Q 2023) Third quarter 2024 results: Rp5.16 loss per share (down from Rp2.28 profit in 3Q 2023). Revenue: Rp140.6b (down 2.4% from 3Q 2023). Net loss: Rp4.53b (down 328% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Reported Earnings • Aug 15
Second quarter 2024 earnings released: Rp2.31 loss per share (vs Rp28.95 profit in 2Q 2023) Second quarter 2024 results: Rp2.31 loss per share (down from Rp28.95 profit in 2Q 2023). Revenue: Rp190.2b (down 23% from 2Q 2023). Net loss: Rp2.07b (down 108% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to Rp1,240, the stock trades at a trailing P/E ratio of 23.6x. Average trailing P/E is 12x in the Specialty Retail industry in Indonesia. Total returns to shareholders of 220% over the past three years. Reported Earnings • May 19
Full year 2023 earnings released: EPS: Rp54.00 (vs Rp83.82 in FY 2022) Full year 2023 results: EPS: Rp54.00 (down from Rp83.82 in FY 2022). Revenue: Rp735.5b (up 9.3% from FY 2022). Net income: Rp47.0b (down 36% from FY 2022). Profit margin: 6.4% (down from 11% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. New Risk • Nov 09
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.8% Last year net profit margin: 13% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (7.8% net profit margin). Market cap is less than US$100m (Rp983.3b market cap, or US$62.8m). Reported Earnings • Aug 02
Second quarter 2023 earnings released: EPS: Rp28.91 (vs Rp37.10 in 2Q 2022) Second quarter 2023 results: EPS: Rp28.91 (down from Rp37.10 in 2Q 2022). Revenue: Rp245.9b (up 7.5% from 2Q 2022). Net income: Rp25.2b (down 22% from 2Q 2022). Profit margin: 10% (down from 14% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 02
Third quarter 2022 earnings released: EPS: Rp12.20 (vs Rp13.01 loss in 3Q 2021) Third quarter 2022 results: EPS: Rp12.20 (up from Rp13.01 loss in 3Q 2021). Revenue: Rp141.9b (up 177% from 3Q 2021). Net income: Rp10.5b (up Rp21.8b from 3Q 2021). Profit margin: 7.4% (up from net loss in 3Q 2021). The move to profitability was driven by higher 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 36% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Nov 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 8.4%. The fair value is estimated to be Rp1,429, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.4% over the last 3 years, while earnings per share has been flat. Reported Earnings • Jul 28
Second quarter 2022 earnings released: EPS: Rp37.48 (vs Rp19.42 in 2Q 2021) Second quarter 2022 results: EPS: Rp37.48 (up from Rp19.42 in 2Q 2021). Revenue: Rp228.8b (up 27% from 2Q 2021). Net income: Rp32.3b (up 91% from 2Q 2021). Profit margin: 14% (up from 9.4% in 2Q 2021). 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 30% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment deteriorated over the past week After last week's 21% share price decline to Rp1,355, the stock trades at a trailing P/E ratio of 24x. Average trailing P/E is 23x in the Specialty Retail industry in Indonesia. Total returns to shareholders of 144% over the past three years. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improved over the past week After last week's 16% share price gain to Rp1,395, the stock trades at a trailing P/E ratio of 24.7x. Average trailing P/E is 30x in the Specialty Retail industry in Indonesia. Total returns to shareholders of 108% over the past three years. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improved over the past week After last week's 26% share price gain to Rp1,105, the stock trades at a trailing P/E ratio of 31.1x. Average trailing P/E is 29x in the Specialty Retail industry in Indonesia. Total returns to shareholders of 113% over the past three years. 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. 4 experienced directors. 3 highly experienced directors. 1 independent director (3 non-independent directors). Independent Commissioner Ida Oka Nila 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. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improved over the past week After last week's 18% share price gain to Rp825, the stock trades at a trailing P/E ratio of 23.2x. Average trailing P/E is 26x in the Specialty Retail industry in Indonesia. Total returns to shareholders of 66% over the past three years. Reported Earnings • Apr 13
Full year 2021 earnings released: EPS: Rp36.00 (vs Rp40.08 loss in FY 2020) Full year 2021 results: EPS: Rp36.00 (up from Rp40.08 loss in FY 2020). Revenue: Rp463.9b (up 42% from FY 2020). Net income: Rp30.9b (up Rp65.8b from FY 2020). Profit margin: 6.7% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. 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 • Aug 04
Second quarter 2021 earnings released: EPS Rp19.22 (vs Rp22.90 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: Rp180.7b (up 431% from 2Q 2020). Net income: Rp16.9b (up Rp36.8b from 2Q 2020). Profit margin: 9.4% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Is New 90 Day High Low • Feb 18
New 90-day high: Rp424 The company is up 6.0% from its price of Rp400 on 20 November 2020. The Indonesian market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Specialty Retail industry, which is up 2.0% over the same period. Is New 90 Day High Low • Feb 02
New 90-day high: Rp420 The company is up 6.0% from its price of Rp396 on 05 November 2020. The Indonesian market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 7.0% over the same period. Is New 90 Day High Low • Jan 12
New 90-day high: Rp408 The company is up 7.0% from its price of Rp382 on 15 October 2020. The Indonesian market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 11% over the same period. Is New 90 Day High Low • Dec 15
New 90-day low: Rp366 The company is down 2.0% from its price of Rp374 on 17 September 2020. The Indonesian market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 17% over the same period. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total losses of Rp14.3b, with earnings decreasing by Rp60.6b from the prior year. Total revenue was Rp385.7b over the last 12 months, down 30% from the prior year.