New Risk • May 19
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: Rp177.3b (US$9.93m) 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 14% per year over the past 5 years. High level of non-cash earnings (35% accrual ratio). Market cap is less than US$10m (Rp177.3b market cap, or US$9.93m). Minor Risk Paying a dividend despite having no free cash flows. Upcoming Dividend • May 04
Upcoming dividend of Rp4.90 per share Eligible shareholders must have bought the stock before 11 May 2026. Payment date: 03 June 2026. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Indonesian dividend payers (5.7%). Lower than average of industry peers (1.5%). 공시 • May 01
PT Zyrexindo Mandiri Buana Tbk announces Annual dividend, payable on June 03, 2026 PT Zyrexindo Mandiri Buana Tbk announced Annual dividend of IDR 4.9000 per share payable on June 03, 2026, ex-date on May 11, 2026 and record date on May 12, 2026. Reported Earnings • May 01
First quarter 2026 earnings released: Rp4.95 loss per share (vs Rp1.36 loss in 1Q 2025) First quarter 2026 results: Rp4.95 loss per share (further deteriorated from Rp1.36 loss in 1Q 2025). Revenue: Rp55.4b (up 28% from 1Q 2025). Net loss: Rp6.61b (loss widened 265% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 30
Full year 2025 earnings released: EPS: Rp32.67 (vs Rp11.38 in FY 2024) Full year 2025 results: EPS: Rp32.67 (up from Rp11.38 in FY 2024). Revenue: Rp1.18t (up 223% from FY 2024). Net income: Rp43.6b (up 187% from FY 2024). Profit margin: 3.7% (down from 4.2% 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 57% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. 공시 • Mar 14
PT Zyrexindo Mandiri Buana Tbk, Annual General Meeting, Apr 29, 2026 PT Zyrexindo Mandiri Buana Tbk, Annual General Meeting, Apr 29, 2026. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to Rp147, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 21x in the Tech industry in Asia. Total loss to shareholders of 55% over the past three years. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to Rp187, the stock trades at a trailing P/E ratio of 15.9x. Average trailing P/E is 23x in the Tech industry in Asia. Total loss to shareholders of 53% over the past three years. Reported Earnings • Nov 04
Third quarter 2025 earnings released: EPS: Rp0.22 (vs Rp0.89 loss in 3Q 2024) Third quarter 2025 results: EPS: Rp0.22 (up from Rp0.89 loss in 3Q 2024). Revenue: Rp118.0b (up 41% from 3Q 2024). Net income: Rp287.4m (up Rp1.48b from 3Q 2024). Profit margin: 0.2% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Board Change • Oct 14
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 Wijaya Subekti was the last independent director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Jun 12
PT Zyrexindo Mandiri Buana Tbk announces Annual dividend, payable on July 10, 2025 PT Zyrexindo Mandiri Buana Tbk announced Annual dividend of IDR 1.7100 per share payable on July 10, 2025, ex-date on June 17, 2025 and record date on June 18, 2025. 공시 • Apr 25
PT Zyrexindo Mandiri Buana Tbk, Annual General Meeting, Jun 04, 2025 PT Zyrexindo Mandiri Buana Tbk, Annual General Meeting, Jun 04, 2025. Location: jakarta Indonesia Reported Earnings • Oct 27
Third quarter 2024 earnings released: Rp0.81 loss per share (vs Rp19.38 profit in 3Q 2023) Third quarter 2024 results: Rp0.81 loss per share (down from Rp19.38 profit in 3Q 2023). Revenue: Rp83.5b (up 9.1% from 3Q 2023). Net loss: Rp1.19b (down 105% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Jun 17
Upcoming dividend of Rp3.70 per share Eligible shareholders must have bought the stock before 24 June 2024. Payment date: 11 July 2024. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 6.1%. Lower than top quartile of Indonesian dividend payers (6.8%). Higher than average of industry peers (2.2%). New Risk • Jun 04
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 12% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (Rp184.0b market cap, or US$11.2m). Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to Rp186, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 25x in the Tech industry in Asia. Total loss to shareholders of 68% over the past three years. 공시 • May 08
PT Zyrexindo Mandiri Buana Tbk, Annual General Meeting, Jun 11, 2024 PT Zyrexindo Mandiri Buana Tbk, Annual General Meeting, Jun 11, 2024. Reported Earnings • May 02
First quarter 2024 earnings released: Rp2.97 loss per share (vs Rp1.29 profit in 1Q 2023) First quarter 2024 results: Rp2.97 loss per share (down from Rp1.29 profit in 1Q 2023). Revenue: Rp34.3b (down 42% from 1Q 2023). Net loss: Rp3.96b (down 330% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 06
Full year 2023 earnings released: EPS: Rp24.71 (vs Rp58.97 in FY 2022) Full year 2023 results: EPS: Rp24.71 (down from Rp58.97 in FY 2022). Revenue: Rp289.6b (down 62% from FY 2022). Net income: Rp33.0b (down 58% from FY 2022). Profit margin: 11% (up from 10% 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 18% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: Rp1.74 (vs Rp3.39 in 2Q 2022) Second quarter 2023 results: EPS: Rp1.74 (down from Rp3.39 in 2Q 2022). Revenue: Rp95.3b (up 81% from 2Q 2022). Net income: Rp2.32b (down 51% from 2Q 2022). Profit margin: 2.4% (down from 9.0% in 2Q 2022). The decrease in margin was driven by higher expenses. New Risk • Jul 25
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 9.6% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (49% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.6% average weekly change). Market cap is less than US$100m (Rp360.0b market cap, or US$24.0m). Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to Rp270, the stock trades at a trailing P/E ratio of 4.7x. Average trailing P/E is 21x in the Tech industry in Asia. Total loss to shareholders of 40% over the past year. Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to Rp220, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 19x in the Tech industry in Asia. Total loss to shareholders of 51% over the past year. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to Rp354, the stock trades at a trailing P/E ratio of 6.3x. Average trailing P/E is 13x in the Tech industry in Asia. Total loss to shareholders of 29% over the past year. 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 Nimrod Sitorus 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. Reported Earnings • May 31
First quarter 2022 earnings released: EPS: Rp2.53 (vs Rp3.60 in 1Q 2021) First quarter 2022 results: EPS: Rp2.53 (down from Rp3.60 in 1Q 2021). Revenue: Rp55.3b (up 5.2% from 1Q 2021). Net income: Rp3.37b (down 7.0% from 1Q 2021). Profit margin: 6.1% (down from 6.9% in 1Q 2021). The decrease in margin was driven by higher expenses. Board Change • Apr 27
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 Nimrod Sitorus 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. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improved over the past week After last week's 23% share price gain to Rp635, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 19x in the Tech industry in Asia. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment deteriorated over the past week After last week's 17% share price decline to Rp525, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 17x in the Tech industry in Asia. Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment deteriorated over the past week After last week's 17% share price decline to Rp585, the stock trades at a trailing P/E ratio of 16.4x. Average trailing P/E is 17x in the Tech industry in Asia. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to Rp670, the stock trades at a trailing P/E ratio of 48.6x. Average trailing P/E is 19x in the Tech industry in Asia. Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment improved over the past week After last week's 39% share price gain to Rp730, the stock trades at a trailing P/E ratio of 52.9x. Average trailing P/E is 21x in the Tech industry in Asia. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improved over the past week After last week's 20% share price gain to Rp605, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 20x in the Tech industry in Asia. Valuation Update With 7 Day Price Move • May 01
Investor sentiment deteriorated over the past week After last week's 22% share price decline to Rp510, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 23x in the Tech industry in Asia.