Reported Earnings • May 05
First quarter 2026 earnings released: EPS: US$0 (vs US$0 in 1Q 2025) First quarter 2026 results: EPS: US$0 (in line with 1Q 2025). Revenue: US$72.8m (up 108% from 1Q 2025). Net income: US$2.62m (up 160% from 1Q 2025). Profit margin: 3.6% (up from 2.9% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. 공시 • Apr 29
PT Sat Nusapersada Tbk, Annual General Meeting, Jun 08, 2026 PT Sat Nusapersada Tbk, Annual General Meeting, Jun 08, 2026. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to Rp300, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 28x in the Electronic industry in Asia. Total returns to shareholders of 66% over the past three years. New Risk • Mar 31
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: Rp1.58t (US$93.4m) 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 High level of non-cash earnings (30% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (Rp1.58t market cap, or US$93.4m). Reported Earnings • Mar 30
Full year 2025 earnings released: EPS: US$0.003 (vs US$0.001 in FY 2024) Full year 2025 results: EPS: US$0.003 (up from US$0.001 in FY 2024). Revenue: US$242.8m (up 98% from FY 2024). Net income: US$14.0m (up 76% from FY 2024). Profit margin: 5.8% (down from 6.5% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to Rp314, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 28x in the Electronic industry in Asia. Total returns to shareholders of 79% over the past three years. Reported Earnings • Oct 26
Third quarter 2025 earnings released: EPS: US$0.001 (vs US$0 in 3Q 2024) Third quarter 2025 results: EPS: US$0.001 (up from US$0 in 3Q 2024). Revenue: US$67.5m (up 105% from 3Q 2024). Net income: US$3.67m (up 41% from 3Q 2024). Profit margin: 5.4% (down from 7.9% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings. Board Change • Oct 24
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. No independent directors (3 non-independent directors). Independent Commissioner Herry Santoso was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. 공시 • Jun 13
PT Sat Nusapersada Tbk announces Annual dividend, payable on June 25, 2025 PT Sat Nusapersada Tbk announced Annual dividend of IDR 5.2176 per share payable on June 25, 2025, ex-date on June 19, 2025 and record date on June 20, 2025. New Risk • Nov 02
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: 6.8% Last year net profit margin: 11% 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 Short dividend paying track record (1 year of continuous dividend payments). Profit margins are more than 30% lower than last year (6.8% net profit margin). Market cap is less than US$100m (Rp1.08t market cap, or US$69.4m). Reported Earnings • Aug 02
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: US$30.4m (down 3.2% from 2Q 2023). Net income: US$2.28m (down 24% from 2Q 2023). Profit margin: 7.5% (down from 9.5% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jul 16
Now 23% overvalued Over the last 90 days, the stock has fallen 6.1% to Rp216. The fair value is estimated to be Rp176, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.2% over the last 3 years. Earnings per share has grown by 39%. Reported Earnings • May 05
First quarter 2024 earnings released: EPS: US$0 (vs US$0.001 in 1Q 2023) First quarter 2024 results: EPS: US$0 (down from US$0.001 in 1Q 2023). Revenue: US$29.5m (down 9.9% from 1Q 2023). Net income: US$2.05m (down 34% from 1Q 2023). Profit margin: 6.9% (down from 9.4% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: US$0.002 (vs US$0.002 in FY 2022) Full year 2023 results: EPS: US$0.002 (in line with FY 2022). Revenue: US$126.6m (down 10% from FY 2022). Net income: US$11.2m (up 13% from FY 2022). Profit margin: 8.8% (up from 7.0% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. New Risk • Oct 30
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 9.0% 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: Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Share price has been volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$100m (Rp1.15t market cap, or US$72.4m). Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to Rp270, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 10x in the Electronic industry in Indonesia. Total returns to shareholders of 32% over the past three years. New Risk • Jun 16
New minor risk - Dividend sustainability The company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 2.7% 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. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (Rp1.09t market cap, or US$73.2m). New Risk • Jun 10
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 7.9% 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: Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (Rp1.14t market cap, or US$76.4m). Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to Rp268, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 11x in the Electronic industry in Indonesia. Total returns to shareholders of 66% over the past three years. 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. 3 experienced directors. 3 highly experienced directors. 1 independent director (2 non-independent directors). Independent Commissioner Herry Santoso was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 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. 3 experienced directors. 3 highly experienced directors. 1 independent director (2 non-independent directors). Independent Commissioner Herry Santoso was the last independent director to join the board, commencing their role in 2017. 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 • Apr 15
Full year 2021 earnings: Revenues miss analyst expectations Full year 2021 results: Revenue: US$159.9m (up 10% from FY 2020). Net income: US$5.82m (up 20% from FY 2020). Profit margin: 3.6% (up from 3.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.8%. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 15% share price gain to Rp258, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 18x in the Electronic industry in Indonesia. Total loss to shareholders of 47% over the past three years. Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment deteriorated over the past week After last week's 19% share price decline to US$262, the stock trades at a trailing P/E ratio of 19.5x. Average trailing P/E is 14x in the Electronic industry in Indonesia. Total returns to shareholders of 112% over the past three years. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improved over the past week After last week's 18% share price gain to US$278, the stock trades at a trailing P/E ratio of 33.8x. Average trailing P/E is 19x in the Electronic industry in Indonesia. Total returns to shareholders of 253% over the past three years. Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment improved over the past week After last week's 18% share price gain to US$248, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 19x in the Electronic industry in Indonesia. Total returns to shareholders of 223% over the past three years. Is New 90 Day High Low • Jan 26
New 90-day low: Rp200 The company is down 3.0% from its price of Rp206 on 27 October 2020. The Indonesian market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 17% over the same period. Valuation Update With 7 Day Price Move • Nov 04
Market bids up stock over the past week After last week's 19% share price gain to US$246, the stock is trading at a trailing P/E ratio of 21.7x, up from the previous P/E ratio of 18.2x. This compares to an average P/E of 13x in the Electronic industry in Indonesia. Total returns to shareholders over the past three years are 273%.