Reported Earnings • Aug 02
Second quarter 2026 earnings released: Rp0.20 loss per share (vs Rp0.46 loss in 2Q 2025) Second quarter 2026 results: Rp0.20 loss per share (improved from Rp0.46 loss in 2Q 2025). Revenue: Rp163.1m (down 94% from 2Q 2025). Net loss: Rp226.5m (loss narrowed 54% from 2Q 2025). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. 공고 • Jun 26
PT Kioson Komersial Indonesia Tbk, Annual General Meeting, Jul 01, 2026 PT Kioson Komersial Indonesia Tbk, Annual General Meeting, Jul 01, 2026. Location: ruang jawa axa tower lantai 42 jl. prof dr, satrio kav.18, karet kuningan, setiabudi, jakarta selatan kota adm. jakarta selatan dki, jakarta indonesia, jakarta Indonesia Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to Rp88.00, the stock trades at a trailing P/E ratio of 76.9x. Average trailing P/E is 21x in the Software industry in Asia. Total returns to shareholders of 22% over the past three years. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to Rp73.00, the stock trades at a trailing P/E ratio of 63.8x. Average trailing P/E is 21x in the Software industry in Asia. Total loss to shareholders of 3.9% over the past three years. 공고 • May 05
PT Kioson Komersial Indonesia Tbk, Annual General Meeting, Jun 10, 2026 PT Kioson Komersial Indonesia Tbk, Annual General Meeting, Jun 10, 2026. New Risk • Apr 03
New major risk - Revenue size The company makes less than US$1m in revenue. Total revenue: Rp10b (US$597k) This is considered a major risk. Companies with a small amount of revenue 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 Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Revenue is less than US$1m (Rp10b revenue, or US$597k). Market cap is less than US$10m (Rp111.9b market cap, or US$6.60m). New Risk • Jan 26
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: Rp151.7b (US$9.10m) This is considered a major 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 Risks Less than 1 year of cash runway based on free cash flow trend (-Rp1.6b free cash flow). Share price has been highly volatile over the past 3 months (27% average weekly change). Market cap is less than US$10m (Rp151.7b market cap, or US$9.10m). Minor Risk Revenue is less than US$5m (Rp38b revenue, or US$2.3m). New Risk • Dec 08
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 18% 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 Less than 1 year of cash runway based on free cash flow trend (-Rp1.6b free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Market cap is less than US$10m (Rp142.0b market cap, or US$8.52m). Minor Risk Revenue is less than US$5m (Rp38b revenue, or US$2.3m). New Risk • Nov 04
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: Rp38b (US$2.3m) This is considered a minor risk. Companies with a small amount of revenue 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 Risks Less than 1 year of cash runway based on free cash flow trend (-Rp1.6b free cash flow). Market cap is less than US$10m (Rp93.6b market cap, or US$5.62m). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Revenue is less than US$5m (Rp38b revenue, or US$2.3m). 공고 • May 09
PT Kioson Komersial Indonesia Tbk, Annual General Meeting, Jun 16, 2025 PT Kioson Komersial Indonesia Tbk, Annual General Meeting, Jun 16, 2025. Reported Earnings • Nov 01
Third quarter 2024 earnings released: Rp0.007 loss per share (vs Rp0.38 profit in 3Q 2023) Third quarter 2024 results: Rp0.007 loss per share (down from Rp0.38 profit in 3Q 2023). Revenue: Rp51.1b (up 30% from 3Q 2023). Net loss: Rp2.44b (down Rp2.84b from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has fallen by 59% per year, which means it is performing significantly worse than earnings. Reported Earnings • Jul 31
Second quarter 2024 earnings released: Rp3.65 loss per share (vs Rp0.97 profit in 2Q 2023) Second quarter 2024 results: Rp3.65 loss per share (down from Rp0.97 profit in 2Q 2023). Revenue: Rp20.2b (down 70% from 2Q 2023). Net loss: Rp3.94b (down 478% from profit in 2Q 2023). 공고 • May 18
PT Kioson Komersial Indonesia Tbk, Annual General Meeting, Jun 21, 2024 PT Kioson Komersial Indonesia Tbk, Annual General Meeting, Jun 21, 2024. Reported Earnings • May 11
First quarter 2024 earnings released: Rp4.25 loss per share (vs Rp0.47 profit in 1Q 2023) First quarter 2024 results: Rp4.25 loss per share (down from Rp0.47 profit in 1Q 2023). Revenue: Rp20.1b (down 84% from 1Q 2023). Net loss: Rp4.57b (down Rp5.07b from profit in 1Q 2023). New Risk • Aug 05
New major risk - Revenue and earnings growth Earnings have declined by 12% 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 12% per year over the past 5 years. Market cap is less than US$10m (Rp73.2b market cap, or US$4.82m). Minor Risk Shareholders have been diluted in the past year (50% increase in shares outstanding). Reported Earnings • Aug 05
Second quarter 2023 earnings released: EPS: Rp0.97 (vs Rp2.89 in 2Q 2022) Second quarter 2023 results: EPS: Rp0.97 (down from Rp2.89 in 2Q 2022). Revenue: Rp67.1b (down 32% from 2Q 2022). Net income: Rp1.04b (down 50% from 2Q 2022). Profit margin: 1.6% (down from 2.1% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 06
Full year 2022 earnings released: EPS: Rp0.87 (vs Rp3.49 in FY 2021) Full year 2022 results: EPS: Rp0.87 (down from Rp3.49 in FY 2021). Revenue: Rp363.9b (up 7.3% from FY 2021). Net income: Rp734.7m (down 71% from FY 2021). Profit margin: 0.2% (down from 0.7% 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 49% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to Rp83.00, the stock trades at a trailing P/E ratio of 27.4x. Average trailing P/E is 42x in the Software industry in Indonesia. Total loss to shareholders of 54% over the past three years. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to Rp72.00, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 34x in the Software industry in Indonesia. Total loss to shareholders of 54% over the past three years. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to Rp88.00, the stock trades at a trailing P/E ratio of 29.1x. Average trailing P/E is 37x in the Software industry in Indonesia. Total loss to shareholders of 67% over the past three years. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment deteriorated over the past week After last week's 15% share price decline to Rp117, the stock trades at a trailing P/E ratio of 38.7x. Average trailing P/E is 38x in the Software industry in Indonesia. Total loss to shareholders of 69% over the past three years. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment deteriorated over the past week After last week's 19% share price decline to Rp202, the stock trades at a trailing P/E ratio of 66.7x. Average trailing P/E is 44x in the Software industry in Indonesia. Total loss to shareholders of 33% over the past three years. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment deteriorated over the past week After last week's 15% share price decline to Rp366, the stock trades at a trailing P/E ratio of 76.3x. Average trailing P/E is 71x in the Software industry in Indonesia. Total returns to shareholders of 6.6% over the past three years. Buying Opportunity • Nov 16
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 23%. The fair value is estimated to be Rp572, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 77% over the last 3 years, while earnings per share has been flat. 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. 4 non-independent directors. Independent Commissioner Junaidi Ariansyah was the last independent director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Buying Opportunity • Nov 09
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 8.9%. The fair value is estimated to be Rp576, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 77% over the last 3 years, while earnings per share has been flat. Buying Opportunity • Oct 19
Now 25% undervalued Over the last 90 days, the stock is up 55%. The fair value is estimated to be Rp624, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 77% over the last 3 years, while earnings per share has been flat. Buying Opportunity • Sep 29
Now 24% undervalued Over the last 90 days, the stock is up 127%. The fair value is estimated to be Rp704, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 77% over the last 3 years, while earnings per share has been flat. Reported Earnings • Sep 06
Second quarter 2022 earnings released: EPS: Rp2.76 (vs Rp1.83 in 2Q 2021) Second quarter 2022 results: EPS: Rp2.76 (up from Rp1.83 in 2Q 2021). Revenue: Rp99.2b (up 23% from 2Q 2021). Net income: Rp2.07b (up 59% from 2Q 2021). Profit margin: 2.1% (up from 1.6% 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 2% per year whereas the company’s share price has increased by 3% per year. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment deteriorated over the past week After last week's 19% share price decline to Rp230, the stock trades at a trailing P/E ratio of 61.8x. Average trailing P/E is 50x in the Software industry in Indonesia. Total loss to shareholders of 66% over the past three years. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment deteriorated over the past week After last week's 19% share price decline to Rp294, the stock trades at a trailing P/E ratio of 79x. Average trailing P/E is 53x in the Software industry in Indonesia. Total loss to shareholders of 53% over the past three years. Reported Earnings • Jun 03
First quarter 2022 earnings released: EPS: Rp0.49 (vs Rp0.25 in 1Q 2021) First quarter 2022 results: EPS: Rp0.49 (up from Rp0.25 in 1Q 2021). Revenue: Rp47.2b (down 50% from 1Q 2021). Net income: Rp351.6m (up 94% from 1Q 2021). Profit margin: 0.7% (up from 0.2% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 25
Second quarter 2021 earnings released: EPS Rp1.84 (vs Rp11.62 loss in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: Rp80.4b (down 69% from 2Q 2020). Net income: Rp1.30b (up Rp9.55b from 2Q 2020). Profit margin: 1.6% (up from net loss in 2Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 01
Full year 2020 earnings released: Rp58.05 loss per share (vs Rp7.48 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: Rp912.5b (down 69% from FY 2019). Net loss: Rp41.6b (loss widened Rp36.3b from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 18
New 90-day high: Rp665 The company is up 316% from its price of Rp160 on 20 November 2020. The Indonesian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 74% over the same period. Is New 90 Day High Low • Jan 07
New 90-day low: Rp131 The company is down 19% from its price of Rp161 on 09 October 2020. The Indonesian market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 9.0% over the same period. Is New 90 Day High Low • Dec 04
New 90-day low: Rp138 The company is down 3.0% from its price of Rp143 on 04 September 2020. The Indonesian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 6.0% over the same period. Reported Earnings • Dec 04
Third quarter 2020 earnings released: Rp2.82 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: Rp35.1b (down 96% from 3Q 2019). Net loss: Rp2.24b (down 479% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has fallen by 64% per year, which means it is performing significantly worse than earnings.