New Risk • Apr 30
New major risk - Revenue and earnings growth Earnings have declined by 1.0% 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 Interest payments are not well covered by earnings (1.9x net interest cover). Earnings have declined by 1.0% per year over the past 5 years. Minor Risk Dividend is not well covered by earnings (110% payout ratio). Reported Earnings • Apr 30
First quarter 2026 earnings released: EPS: Rp13.21 (vs Rp12.45 in 1Q 2025) First quarter 2026 results: EPS: Rp13.21 (up from Rp12.45 in 1Q 2025). Revenue: Rp308.1b (flat on 1Q 2025). Net income: Rp52.0b (up 6.1% from 1Q 2025). Profit margin: 17% (in line with 1Q 2025). 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. 공시 • Apr 28
PT Bali Towerindo Sentra Tbk, Annual General Meeting, Jun 05, 2026 PT Bali Towerindo Sentra Tbk, Annual General Meeting, Jun 05, 2026. Reported Earnings • Mar 04
Full year 2025 earnings released: EPS: Rp46.33 (vs Rp36.67 in FY 2024) Full year 2025 results: EPS: Rp46.33 (up from Rp36.67 in FY 2024). Revenue: Rp1.24t (up 19% from FY 2024). Net income: Rp182.3b (up 26% from FY 2024). Profit margin: 15% (in line with FY 2024). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment deteriorates as stock falls 31% After last week's 31% share price decline to Rp1,205, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 21x in the Telecom industry in Indonesia. Total returns to shareholders of 70% over the past three years. New Risk • Jan 01
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 13% 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 Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Dividend is not well covered by earnings (110% payout ratio). Share price has been volatile over the past 3 months (13% average weekly change). Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to Rp1,740, the stock trades at a trailing P/E ratio of 38.5x. Average trailing P/E is 26x in the Telecom industry in Indonesia. Total returns to shareholders of 151% over the past three years. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to Rp1,380, the stock trades at a trailing P/E ratio of 30.5x. Average trailing P/E is 22x in the Telecom industry in Indonesia. Total returns to shareholders of 90% over the past three years. Board Change • Oct 24
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. 3 non-independent directors. Independent Commissioner Ever Firmansyah was the last independent director to join the board, commencing their role in 2013. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • May 01
PT Bali Towerindo Sentra Tbk announces Annual dividend, payable on May 28, 2025 PT Bali Towerindo Sentra Tbk announced Annual dividend of IDR 50.0000 per share payable on May 28, 2025, ex-date on May 07, 2025 and record date on May 08, 2025. 공시 • Mar 20
PT Bali Towerindo Sentra Tbk, Annual General Meeting, Apr 25, 2025 PT Bali Towerindo Sentra Tbk, Annual General Meeting, Apr 25, 2025. Location: jakarta Indonesia Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to Rp1,100, the stock trades at a trailing P/E ratio of 34.1x. Average trailing P/E is 23x in the Telecom industry in Indonesia. Total returns to shareholders of 6.6% over the past three years. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: Rp9.75 (vs Rp12.07 in 2Q 2023) Second quarter 2024 results: EPS: Rp9.75 (down from Rp12.07 in 2Q 2023). Revenue: Rp254.6b (up 5.7% from 2Q 2023). Net income: Rp38.4b (down 19% from 2Q 2023). Profit margin: 15% (down from 20% in 2Q 2023). 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 15% per year, which means it is well ahead of earnings. New Risk • May 27
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: 15% Last year net profit margin: 21% 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 Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Dividend is not well covered by cash flows (103% cash payout ratio). Share price has been volatile over the past 3 months (12% average weekly change). Profit margins are more than 30% lower than last year (15% net profit margin). 공시 • May 09
PT Bali Towerindo Sentra Tbk, Annual General Meeting, Jun 14, 2024 PT Bali Towerindo Sentra Tbk, Annual General Meeting, Jun 14, 2024. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to Rp1,350, the stock trades at a trailing P/E ratio of 35.3x. Average trailing P/E is 25x in the Telecom industry in Indonesia. Total returns to shareholders of 101% over the past three years. Reported Earnings • Mar 09
Full year 2023 earnings released: EPS: Rp38.25 (vs Rp53.90 in FY 2022) Full year 2023 results: EPS: Rp38.25 (down from Rp53.90 in FY 2022). Revenue: Rp955.3b (down 2.4% from FY 2022). Net income: Rp150.5b (down 29% from FY 2022). Profit margin: 16% (down from 22% in FY 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year and the company’s share price has also increased by 15% per year. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to Rp1,200, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 25x in the Telecom industry in Indonesia. Total returns to shareholders of 90% over the past three years. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to Rp1,025, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 23x in the Telecom industry in Indonesia. Total returns to shareholders of 60% over the past three years. Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to Rp815, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 21x in the Telecom industry in Indonesia. Total returns to shareholders of 11% over the past three years. New Risk • Nov 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 9.1% 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 Risk Interest payments are not well covered by earnings (2.2x net interest cover). 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 (9.1% average weekly change). Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to Rp665, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 21x in the Telecom industry in Indonesia. Total loss to shareholders of 31% over the past three years. Buying Opportunity • Nov 06
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 4.2%. The fair value is estimated to be Rp1,036, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 36%. Buying Opportunity • Oct 19
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 5.8%. The fair value is estimated to be Rp1,035, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 36%. Buying Opportunity • Sep 18
Now 23% undervalued Over the last 90 days, the stock is up 6.0%. The fair value is estimated to be Rp1,035, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 36%. Reported Earnings • Aug 06
Second quarter 2023 earnings released: EPS: Rp12.07 (vs Rp12.46 in 2Q 2022) Second quarter 2023 results: EPS: Rp12.07 (down from Rp12.46 in 2Q 2022). Revenue: Rp240.8b (down 1.7% from 2Q 2022). Net income: Rp47.5b (down 3.2% from 2Q 2022). Profit margin: 20% (in line with 2Q 2022). 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 3% per year, which means it is significantly lagging earnings. 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. 4 experienced directors. 3 highly experienced directors. 1 independent director (3 non-independent directors). Independent Commissioner Ever Firmansyah was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improved over the past week After last week's 15% share price gain to Rp900, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 29x in the Telecom industry in Indonesia. Total loss to shareholders of 43% over the past three years. 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. 4 experienced directors. 3 highly experienced directors. 1 independent director (3 non-independent directors). Independent Commissioner Ever Firmansyah was the last independent director to join the board, commencing their role in 2013. 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 • Mar 06
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: Rp946.6b (up 22% from FY 2020). Net income: Rp188.5b (up 123% from FY 2020). Profit margin: 20% (up from 11% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 20
Third quarter 2021 earnings released: EPS Rp12.52 (vs Rp4.84 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: Rp251.2b (up 29% from 3Q 2020). Net income: Rp49.3b (up 159% from 3Q 2020). Profit margin: 20% (up from 9.8% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS Rp12.21 (vs Rp5.66 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: Rp223.2b (up 17% from 2Q 2020). Net income: Rp48.0b (up 116% from 2Q 2020). Profit margin: 22% (up from 12% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment improved over the past week After last week's 17% share price gain to Rp710, the stock trades at a trailing P/E ratio of 24.9x. Average trailing P/E is 18x in the Telecom industry in Indonesia. Total loss to shareholders of 55% over the past three years. Reported Earnings • Apr 13
First quarter 2021 earnings released: EPS Rp9.32 (vs Rp2.27 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: Rp220.0b (up 22% from 1Q 2020). Net income: Rp36.7b (up 311% from 1Q 2020). Profit margin: 17% (up from 5.0% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 15
New 90-day low: Rp695 The company is down 23% from its price of Rp900 on 17 November 2020. The Indonesian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 7.0% over the same period. Is New 90 Day High Low • Jan 26
New 90-day low: Rp720 The company is down 27% from its price of Rp985 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 Telecom industry, which is up 21% over the same period. Is New 90 Day High Low • Jan 08
New 90-day low: Rp745 The company is down 22% from its price of Rp950 on 08 October 2020. The Indonesian market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 17% over the same period. Is New 90 Day High Low • Dec 22
New 90-day low: Rp810 The company is down 9.0% from its price of Rp890 on 24 September 2020. The Indonesian market is up 25% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 19% over the same period. Is New 90 Day High Low • Dec 02
New 90-day low: Rp840 The company is down 5.0% from its price of Rp885 on 03 September 2020. The Indonesian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 8.0% over the same period. Reported Earnings • Oct 25
Third quarter earnings released Over the last 12 months the company has reported total profits of Rp64.5b, up 68% from the prior year. Total revenue was Rp730.7b over the last 12 months, up 24% from the prior year. Is New 90 Day High Low • Sep 28
New 90-day high: Rp950 The company is up 19% from its price of Rp795 on 30 June 2020. The Indonesian market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is down 9.0% over the same period.