Reported Earnings • May 01
First quarter 2026 earnings released: EPS: Rp33.96 (vs Rp36.73 in 1Q 2025) First quarter 2026 results: EPS: Rp33.96 (down from Rp36.73 in 1Q 2025). Revenue: Rp1.10t (down 8.0% from 1Q 2025). Net income: Rp106.6b (down 7.5% from 1Q 2025). Profit margin: 9.7% (in line with 1Q 2025). Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the IT industry in Asia. 공시 • Apr 16
PT Mastersystem Infotama Tbk, Annual General Meeting, May 25, 2026 PT Mastersystem Infotama Tbk, Annual General Meeting, May 25, 2026. Price Target Changed • Apr 07
Price target decreased by 8.3% to Rp1,833 Down from Rp2,000, the current price target is an average from 3 analysts. New target price is 29% above last closing price of Rp1,420. Stock is up 7.6% over the past year. The company is forecast to post earnings per share of Rp193 for next year compared to Rp175 last year. Reported Earnings • Mar 18
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: Rp175 (up from Rp169 in FY 2024). Revenue: Rp5.45t (up 1.7% from FY 2024). Net income: Rp549.1b (up 3.5% from FY 2024). Profit margin: 10% (in line with FY 2024). Revenue missed analyst estimates by 5.8%. Earnings per share (EPS) also missed analyst estimates by 2.3%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 9.2% growth forecast for the IT industry in Asia. New Risk • Jan 30
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.3% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. 공시 • Dec 03
PT Mastersystem Infotama Tbk announces Annual dividend, payable on December 29, 2025 PT Mastersystem Infotama Tbk announced Annual dividend of IDR 16.0000 per share payable on December 29, 2025, ex-date on December 11, 2025 and record date on December 12, 2025. Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: Rp36.33 (vs Rp47.36 in 3Q 2024) Third quarter 2025 results: EPS: Rp36.33 (down from Rp47.36 in 3Q 2024). Revenue: Rp1.19t (down 26% from 3Q 2024). Net income: Rp113.5b (down 24% from 3Q 2024). Profit margin: 9.5% (in line with 3Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the IT industry in Asia. Board Change • Oct 15
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 Tang Budi Sutanto was the last independent director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Jun 04
PT Mastersystem Infotama Tbk announces Annual dividend, payable on June 26, 2025 PT Mastersystem Infotama Tbk announced Annual dividend of IDR 118.0000 per share payable on June 26, 2025, ex-date on June 12, 2025 and record date on June 13, 2025. 공시 • Apr 22
PT Mastersystem Infotama Tbk, Annual General Meeting, May 28, 2025 PT Mastersystem Infotama Tbk, Annual General Meeting, May 28, 2025. Location: jakarta Indonesia Reported Earnings • Oct 30
Third quarter 2024 earnings released Third quarter 2024 results: Net income: Rp148.7b (up Rp148.7b from 3Q 2023). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the IT industry in Asia. New Risk • Aug 06
New minor risk - Dividend sustainability The company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 6.7% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 01
Second quarter 2024 earnings released Second quarter 2024 results: EPS: Rp18.50. Net income: Rp58.2b (up Rp58.2b from 2Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the IT industry in Asia. Buy Or Sell Opportunity • May 03
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to Rp1,505. The fair value is estimated to be Rp1,246, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last year. Earnings per share has grown by 15%. Reported Earnings • May 01
First quarter 2024 earnings released First quarter 2024 results: EPS: Rp34.00. Net income: Rp105.2b (up Rp105.2b from 1Q 2023). Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to Rp1,085, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 20x in the IT industry in Indonesia. 공시 • Nov 08
PT Mastersystem Infotama Tbk has completed an IPO in the amount of IDR 637.965978 billion. PT Mastersystem Infotama Tbk has completed an IPO in the amount of IDR 637.965978 billion.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 470,823,600
Price\Range: IDR 1355
Transaction Features: ESOP Related Offering; Reserved Share Offering Board Change • Nov 08
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 Tang Budi Sutanto was the last independent director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.