View ValuationSinergi Inti Andalan Prima 향후 성장Future 기준 점검 5/6Sinergi Inti Andalan Prima (는) 각각 연간 27.6% 및 34.4% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 26% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 10% 로 예상됩니다.핵심 정보27.6%이익 성장률25.99%EPS 성장률IT 이익 성장15.5%매출 성장률34.4%향후 자기자본이익률9.96%애널리스트 커버리지Low마지막 업데이트19 Nov 2025최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesReported Earnings • May 05First quarter 2026 earnings released: EPS: Rp0.61 (vs Rp0.20 in 1Q 2025)First quarter 2026 results: EPS: Rp0.61 (up from Rp0.20 in 1Q 2025). Revenue: Rp383.6b (up Rp371.5b from 1Q 2025). Net income: Rp13.7b (up Rp12.1b from 1Q 2025). Profit margin: 3.6% (down from 13% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the IT industry in Asia.공시 • Apr 13PT Sinergi Inti Andalan Prima Tbk, Annual General Meeting, May 19, 2026PT Sinergi Inti Andalan Prima Tbk, Annual General Meeting, May 19, 2026.Reported Earnings • Apr 01Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: Rp3.10 (up from Rp0.18 in FY 2024). Revenue: Rp91.8b (up 202% from FY 2024). Net income: Rp24.5b (up Rp23.2b from FY 2024). Profit margin: 27% (up from 4.4% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 52%. Earnings per share (EPS) exceeded analyst estimates by 99%. Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the IT industry in Asia.New Risk • Mar 05New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 191% This is considered a major 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: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Shareholders have been substantially diluted in the past year (191% increase in shares outstanding). Minor Risk Revenue is less than US$5m (Rp76b revenue, or US$4.5m).New Risk • Dec 01New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% 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 Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Revenue is less than US$5m (Rp76b revenue, or US$4.5m).Reported Earnings • Nov 29Third quarter 2025 earnings released: EPS: Rp1.28 (vs Rp0.078 in 3Q 2024)Third quarter 2025 results: EPS: Rp1.28 (up from Rp0.078 in 3Q 2024). Revenue: Rp23.6b (up 191% from 3Q 2024). Net income: Rp11.6b (up Rp10.5b from 3Q 2024). Profit margin: 49% (up from 14% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 52% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the IT industry in Asia.Buy Or Sell Opportunity • Nov 22Now 20% undervaluedOver the last 90 days, the stock has risen 114% to Rp540. The fair value is estimated to be Rp677, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 94% over the last year. Earnings per share has grown by 488%. For the next 3 years, revenue is forecast to grow by 50% per annum. Earnings are also forecast to grow by 46% per annum over the same time period.Board Change • Oct 14No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Independent Commissioner Cahyana Jayadi was the last independent director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Jun 26PT Sinergi Inti Andalan Prima Tbk Announces Annual Dividend, Payable on July 09, 2025PT Sinergi Inti Andalan Prima Tbk announced Annual dividend of IDR 0.0800 per share payable on July 09, 2025, ex-date on June 23, 2025 and record date on June 24, 2025.공시 • May 07PT Sinergi Inti Andalan Prima Tbk, Annual General Meeting, Jun 12, 2025PT Sinergi Inti Andalan Prima Tbk, Annual General Meeting, Jun 12, 2025.Reported Earnings • Nov 01Third quarter 2024 earnings released: EPS: Rp0.14 (vs Rp0.26 in 3Q 2023)Third quarter 2024 results: EPS: Rp0.14. Revenue: Rp8.12b (up 21% from 3Q 2023). Net income: Rp1.09b (up 35% from 3Q 2023). Profit margin: 14% (up from 12% in 3Q 2023). The increase in margin was driven by higher revenue.New Risk • Sep 13New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indonesian stocks, typically moving 13% 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 2.6% per year over the past 5 years. High level of non-cash earnings (69% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (3.8% net profit margin). Revenue is less than US$5m (Rp31b revenue, or US$2.0m). Market cap is less than US$100m (Rp570.0b market cap, or US$37.1m).New Risk • Aug 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indonesian stocks, typically moving 9.5% 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 2.6% per year over the past 5 years. High level of non-cash earnings (72% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.5% average weekly change). Profit margins are more than 30% lower than last year (3.8% net profit margin). Revenue is less than US$5m (Rp31b revenue, or US$2.0m). Market cap is less than US$100m (Rp390.0b market cap, or US$24.6m).Reported Earnings • Aug 04Second quarter 2024 earnings releasedSecond quarter 2024 results: EPS: Rp0.069. Net income: Rp485.3m (up Rp485.3m from 2Q 2023).공시 • May 17PT Sinergi Inti Andalan Prima Tbk, Annual General Meeting, Jun 20, 2024PT Sinergi Inti Andalan Prima Tbk, Annual General Meeting, Jun 20, 2024.Reported Earnings • May 06First quarter 2024 earnings released: EPS: Rp0.07 (vs Rp0.09 in 1Q 2023)First quarter 2024 results: EPS: Rp0.07. Revenue: Rp7.70b (up 18% from 1Q 2023). Net income: Rp528.9m (up 2.7% from 1Q 2023). Profit margin: 6.9% (down from 7.9% in 1Q 2023). The decrease in margin was driven by higher expenses.New Risk • May 06New major risk - Revenue and earnings growthEarnings have declined by 1.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 1.6% per year over the past 5 years. High level of non-cash earnings (79% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (3.0% net profit margin). Revenue is less than US$5m (Rp30b revenue, or US$1.9m). Market cap is less than US$100m (Rp390.0b market cap, or US$24.2m).New Risk • Apr 13New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.0% Last year net profit margin: 6.9% 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: Major Risk High level of non-cash earnings (83% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (3.0% net profit margin). Revenue is less than US$5m (Rp29b revenue, or US$1.8m). Market cap is less than US$100m (Rp397.5b market cap, or US$25.0m).New Risk • Nov 01New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: Rp1.52t (US$95.1m) 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 Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Revenue is less than US$5m (Rp22b revenue, or US$1.4m). Market cap is less than US$100m (Rp1.52t market cap, or US$95.1m).Board Change • Jul 25No independent directorsThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Independent Commissioner Cahyana Jayadi is the most experienced director on the board, commencing their role in 2022. 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 board continuity. Lack of experienced directors.이익 및 매출 성장 예측IDX:INET - 애널리스트 향후 추정치 및 과거 재무 데이터 (IDR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20282,432,446445,187-25,801621,968112/31/20271,420,400428,320-235,034466,980312/31/2026885,392303,390-355,716316,05643/31/2026463,32136,61496,110351,471N/A12/31/202591,82024,490284,864351,596N/A9/30/202575,76018,5954,77777,968N/A6/30/202560,2838,090-37,0332,527N/A3/31/202534,8412,333-9,3303,812N/A12/31/202430,4371,328-4,0236,107N/A9/30/202432,3991,448-5082,989N/A6/30/202430,9951,164-89,547-23,593N/A3/31/202430,083890-88,535-23,108N/A12/31/202328,889876-88,945-27,073N/A9/30/202325,2961,816-86,605-22,245N/A3/31/202321,8991,487N/AN/AN/A12/31/202219,9481,374-56,7024,456N/A12/31/202119,8911,6461,2492,698N/A12/31/202013,4529581,3451,988N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: INET 의 연간 예상 수익 증가율(27.6%)이 saving rate(6.7%)보다 높습니다.수익 vs 시장: INET 의 연간 수익(27.6%)이 ID 시장(8%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: INET 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: INET 의 수익(연간 34.4%)이 ID 시장(연간 12.3%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: INET 의 수익(연간 34.4%)은 연간 20%보다 빠르게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: INET의 자본 수익률은 3년 후 10%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YSoftware 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/20 01:17종가2026/05/20 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스PT Sinergi Inti Andalan Prima Tbk는 4명의 분석가가 다루고 있습니다. 이 중 4명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Richard HalimPT Ciptadana SecuritiesAbdul Setyo WibowoPT Kiwoom Sekuritas Indonesia, Research DivisionRaka Junico WidyarmanPT MNC Sekuritas, Research Division1명의 분석가 더 보기
Reported Earnings • May 05First quarter 2026 earnings released: EPS: Rp0.61 (vs Rp0.20 in 1Q 2025)First quarter 2026 results: EPS: Rp0.61 (up from Rp0.20 in 1Q 2025). Revenue: Rp383.6b (up Rp371.5b from 1Q 2025). Net income: Rp13.7b (up Rp12.1b from 1Q 2025). Profit margin: 3.6% (down from 13% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the IT industry in Asia.
공시 • Apr 13PT Sinergi Inti Andalan Prima Tbk, Annual General Meeting, May 19, 2026PT Sinergi Inti Andalan Prima Tbk, Annual General Meeting, May 19, 2026.
Reported Earnings • Apr 01Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: Rp3.10 (up from Rp0.18 in FY 2024). Revenue: Rp91.8b (up 202% from FY 2024). Net income: Rp24.5b (up Rp23.2b from FY 2024). Profit margin: 27% (up from 4.4% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 52%. Earnings per share (EPS) exceeded analyst estimates by 99%. Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the IT industry in Asia.
New Risk • Mar 05New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 191% This is considered a major 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: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Shareholders have been substantially diluted in the past year (191% increase in shares outstanding). Minor Risk Revenue is less than US$5m (Rp76b revenue, or US$4.5m).
New Risk • Dec 01New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% 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 Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Revenue is less than US$5m (Rp76b revenue, or US$4.5m).
Reported Earnings • Nov 29Third quarter 2025 earnings released: EPS: Rp1.28 (vs Rp0.078 in 3Q 2024)Third quarter 2025 results: EPS: Rp1.28 (up from Rp0.078 in 3Q 2024). Revenue: Rp23.6b (up 191% from 3Q 2024). Net income: Rp11.6b (up Rp10.5b from 3Q 2024). Profit margin: 49% (up from 14% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 52% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the IT industry in Asia.
Buy Or Sell Opportunity • Nov 22Now 20% undervaluedOver the last 90 days, the stock has risen 114% to Rp540. The fair value is estimated to be Rp677, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 94% over the last year. Earnings per share has grown by 488%. For the next 3 years, revenue is forecast to grow by 50% per annum. Earnings are also forecast to grow by 46% per annum over the same time period.
Board Change • Oct 14No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Independent Commissioner Cahyana Jayadi was the last independent director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Jun 26PT Sinergi Inti Andalan Prima Tbk Announces Annual Dividend, Payable on July 09, 2025PT Sinergi Inti Andalan Prima Tbk announced Annual dividend of IDR 0.0800 per share payable on July 09, 2025, ex-date on June 23, 2025 and record date on June 24, 2025.
공시 • May 07PT Sinergi Inti Andalan Prima Tbk, Annual General Meeting, Jun 12, 2025PT Sinergi Inti Andalan Prima Tbk, Annual General Meeting, Jun 12, 2025.
Reported Earnings • Nov 01Third quarter 2024 earnings released: EPS: Rp0.14 (vs Rp0.26 in 3Q 2023)Third quarter 2024 results: EPS: Rp0.14. Revenue: Rp8.12b (up 21% from 3Q 2023). Net income: Rp1.09b (up 35% from 3Q 2023). Profit margin: 14% (up from 12% in 3Q 2023). The increase in margin was driven by higher revenue.
New Risk • Sep 13New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indonesian stocks, typically moving 13% 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 2.6% per year over the past 5 years. High level of non-cash earnings (69% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (3.8% net profit margin). Revenue is less than US$5m (Rp31b revenue, or US$2.0m). Market cap is less than US$100m (Rp570.0b market cap, or US$37.1m).
New Risk • Aug 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indonesian stocks, typically moving 9.5% 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 2.6% per year over the past 5 years. High level of non-cash earnings (72% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.5% average weekly change). Profit margins are more than 30% lower than last year (3.8% net profit margin). Revenue is less than US$5m (Rp31b revenue, or US$2.0m). Market cap is less than US$100m (Rp390.0b market cap, or US$24.6m).
Reported Earnings • Aug 04Second quarter 2024 earnings releasedSecond quarter 2024 results: EPS: Rp0.069. Net income: Rp485.3m (up Rp485.3m from 2Q 2023).
공시 • May 17PT Sinergi Inti Andalan Prima Tbk, Annual General Meeting, Jun 20, 2024PT Sinergi Inti Andalan Prima Tbk, Annual General Meeting, Jun 20, 2024.
Reported Earnings • May 06First quarter 2024 earnings released: EPS: Rp0.07 (vs Rp0.09 in 1Q 2023)First quarter 2024 results: EPS: Rp0.07. Revenue: Rp7.70b (up 18% from 1Q 2023). Net income: Rp528.9m (up 2.7% from 1Q 2023). Profit margin: 6.9% (down from 7.9% in 1Q 2023). The decrease in margin was driven by higher expenses.
New Risk • May 06New major risk - Revenue and earnings growthEarnings have declined by 1.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 1.6% per year over the past 5 years. High level of non-cash earnings (79% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (3.0% net profit margin). Revenue is less than US$5m (Rp30b revenue, or US$1.9m). Market cap is less than US$100m (Rp390.0b market cap, or US$24.2m).
New Risk • Apr 13New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.0% Last year net profit margin: 6.9% 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: Major Risk High level of non-cash earnings (83% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (3.0% net profit margin). Revenue is less than US$5m (Rp29b revenue, or US$1.8m). Market cap is less than US$100m (Rp397.5b market cap, or US$25.0m).
New Risk • Nov 01New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: Rp1.52t (US$95.1m) 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 Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Revenue is less than US$5m (Rp22b revenue, or US$1.4m). Market cap is less than US$100m (Rp1.52t market cap, or US$95.1m).
Board Change • Jul 25No independent directorsThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Independent Commissioner Cahyana Jayadi is the most experienced director on the board, commencing their role in 2022. 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 board continuity. Lack of experienced directors.