View Financial HealthLink Net 배당 및 자사주 매입배당 기준 점검 0/6Link Net 현재 배당금을 지급하지 않습니다.핵심 정보0%배당 수익률-0.008%자사주 매입 수익률총 주주 수익률-0.008%미래 배당 수익률n/a배당 성장률n/a다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향0%최근 배당 및 자사주 매입 업데이트업데이트 없음모든 업데이트 보기Recent updates공지 • Apr 28PT Link Net Tbk, Annual General Meeting, Jun 03, 2026PT Link Net Tbk, Annual General Meeting, Jun 03, 2026.New Risk • Feb 21New major risk - Share price stabilityThe 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 Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 66% per year over the past 5 years.Reported Earnings • Feb 20Full year 2025 earnings released: Rp527 loss per share (vs Rp638 loss in FY 2024)Full year 2025 results: Rp527 loss per share (improved from Rp638 loss in FY 2024). Revenue: Rp3.08t (up 22% from FY 2024). Net loss: Rp1.45t (loss narrowed 17% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.New Risk • Nov 15New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 15% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Earnings have declined by 68% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (16% average weekly change).공지 • Apr 15PT Link Net Tbk, Annual General Meeting, May 21, 2025PT Link Net Tbk, Annual General Meeting, May 21, 2025. Location: jakarta IndonesiaNew Risk • Aug 12New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 48% per year over the past 5 years. Minor Risks High level of debt (188% net debt to equity). Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (4.1% increase in shares outstanding).Reported Earnings • Aug 09Second quarter 2024 earnings released: Rp63.25 loss per share (vs Rp25.30 loss in 2Q 2023)Second quarter 2024 results: Rp63.25 loss per share (further deteriorated from Rp25.30 loss in 2Q 2023). Revenue: Rp920.2b (down 6.7% from 2Q 2023). Net loss: Rp172.7b (loss widened 148% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance.Reported Earnings • May 16First quarter 2024 earnings released: Rp40.00 loss per share (vs Rp21.39 loss in 1Q 2023)First quarter 2024 results: Rp40.00 loss per share (further deteriorated from Rp21.39 loss in 1Q 2023). Revenue: Rp912.3b (down 6.7% from 1Q 2023). Net loss: Rp109.6b (loss widened 86% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance.Reported Earnings • Feb 13Full year 2023 earnings released: Rp194 loss per share (vs Rp87.48 profit in FY 2022)Full year 2023 results: Rp194 loss per share (down from Rp87.48 profit in FY 2022). Revenue: Rp3.93t (down 10% from FY 2022). Net loss: Rp533.0b (down 321% from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance.Reported Earnings • Dec 02Third quarter 2023 earnings released: Rp53.56 loss per share (vs Rp38.21 profit in 3Q 2022)Third quarter 2023 results: Rp53.56 loss per share (down from Rp38.21 profit in 3Q 2022). Revenue: Rp967.7b (down 10% from 3Q 2022). Net loss: Rp145.5b (down 238% from profit in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance.Reported Earnings • Sep 20Second quarter 2023 earnings released: Rp25.64 loss per share (vs Rp4.79 profit in 2Q 2022)Second quarter 2023 results: Rp25.64 loss per share (down from Rp4.79 profit in 2Q 2022). Revenue: Rp986.2b (down 6.7% from 2Q 2022). Net loss: Rp69.6b (down Rp82.8b from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.New Risk • Jul 06New major risk - Revenue and earnings growthEarnings have declined by 15% 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 (1.3x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 232% Paying a dividend despite having no free cash flows. Earnings have declined by 15% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (1.3% net profit margin).Valuation Update With 7 Day Price Move • Mar 08Investor sentiment improves as stock rises 18%After last week's 18% share price gain to Rp2,400, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Telecom industry in Indonesia. Total loss to shareholders of 20% over the past three years.Reported Earnings • Nov 24Third quarter 2022 earnings released: EPS: Rp38.80 (vs Rp78.20 in 3Q 2021)Third quarter 2022 results: EPS: Rp38.80 (down from Rp78.20 in 3Q 2021). Revenue: Rp1.08t (flat on 3Q 2021). Net income: Rp105.1b (down 51% from 3Q 2021). Profit margin: 9.7% (down from 20% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 10% per year.Valuation Update With 7 Day Price Move • Oct 15Investor sentiment deteriorated over the past weekAfter last week's 24% share price decline to Rp2,550, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 22x in the Telecom industry in Indonesia. Total loss to shareholders of 31% over the past three years.Valuation Update With 7 Day Price Move • Sep 30Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to Rp3,840, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 17x in the Telecom industry in Indonesia. Total loss to shareholders of 1.1% over the past three years.Reported Earnings • May 31First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: Rp47.00 (down from Rp90.50 in 1Q 2021). Revenue: Rp1.05t (down 1.6% from 1Q 2021). Net income: Rp128.1b (down 49% from 1Q 2021). Profit margin: 12% (down from 23% in 1Q 2021). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) missed analyst estimates by 3.0%. Over the next year, revenue is forecast to grow 4.4%, compared to a 7.9% growth forecast for the industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Price Target Changed • Apr 27Price target increased to Rp5,200Up from Rp4,450, the current price target is an average from 2 analysts. New target price is 16% above last closing price of Rp4,480. The company is forecast to post earnings per share of Rp333 for next year compared to Rp322 last year.Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Independent Commissioner Alex Rusli 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 • Nov 03Second quarter 2021 earnings released: EPS Rp80.95 (vs Rp94.00 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: Rp1.09t (up 12% from 2Q 2020). Net income: Rp222.7b (down 14% from 2Q 2020). Profit margin: 21% (down from 27% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.Reported Earnings • Jun 09First quarter 2021 earnings released: EPS Rp90.50 (vs Rp70.49 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: Rp1.07t (up 11% from 1Q 2020). Net income: Rp249.0b (up 26% from 1Q 2020). Profit margin: 23% (up from 21% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year and the company’s share price has also fallen by 1% per year.Reported Earnings • May 09Full year 2020 earnings released: EPS Rp340 (vs Rp311 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: Rp4.05t (up 7.8% from FY 2019). Net income: Rp941.7b (up 5.3% from FY 2019). Profit margin: 23% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 10% per year.Valuation Update With 7 Day Price Move • Apr 19Investor sentiment improved over the past weekAfter last week's 16% share price gain to Rp3,820, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the Telecom industry in Asia. Total loss to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp2,810 per share.Price Target Changed • Apr 13Price target increased to Rp4,060Up from Rp3,788, the current price target is an average from 3 analysts. New target price is 23% above last closing price of Rp3,290. Stock is up 22% over the past year.Is New 90 Day High Low • Feb 26New 90-day high: Rp3,360The company is up 29% from its price of Rp2,600 on 27 November 2020. The Indonesian market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp1,908 per share.Is New 90 Day High Low • Feb 06New 90-day high: Rp3,260The company is up 54% from its price of Rp2,120 on 06 November 2020. The Indonesian market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp1,908 per share.Is New 90 Day High Low • Jan 21New 90-day high: Rp3,010The company is up 45% from its price of Rp2,080 on 23 October 2020. The Indonesian market is up 25% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp1,722 per share.Is New 90 Day High Low • Dec 16New 90-day high: Rp2,750The company is up 38% from its price of Rp1,990 on 18 September 2020. The Indonesian market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp1,722 per share.Is New 90 Day High Low • Nov 24New 90-day high: Rp2,470The company is up 31% from its price of Rp1,885 on 26 August 2020. The Indonesian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp1,445 per share.Reported Earnings • Oct 23Third quarter earnings releasedOver the last 12 months the company has reported total profits of Rp820.6b, up 9.8% from the prior year. Total revenue was Rp3.94t over the last 12 months, up 6.5% from the prior year.Is New 90 Day High Low • Sep 30New 90-day low: Rp1,765The company is down 23% from its price of Rp2,280 on 02 July 2020. The Indonesian market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp1,749 per share.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 과거에 LINK 의 주당 배당금이 안정적이었는지 판단하기에는 데이터가 부족합니다.배당금 증가: LINK 의 배당금 지급이 증가했는지 판단하기에는 데이터가 부족합니다.배당 수익률 vs 시장Link Net 배당 수익률 vs 시장LINK의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (LINK)0%시장 하위 25% (ID)1.1%시장 상위 25% (ID)5.6%업계 평균 (Telecom)4.8%분석가 예측 (LINK) (최대 3년)n/a주목할만한 배당금: 회사가 최근 지급을 보고하지 않았기 때문에 하위 25%의 배당금 지급자에 대해 LINK 의 배당 수익률을 평가할 수 없습니다.고배당: 회사가 최근 지급을 보고하지 않았기 때문에 배당금 지급자의 상위 25%에 대해 LINK 의 배당 수익률을 평가할 수 없습니다.주주 대상 이익 배당수익 보장: LINK ID 시장에서 주목할만한 배당금을 지급하지 않습니다.주주 현금 배당현금 흐름 범위: LINK 에서 지급을 보고하지 않았기 때문에 배당 지속 가능성을 계산할 수 없습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YID 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/07 10:39종가2026/05/07 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스PT Link Net Tbk는 11명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Choong Chen FoongCGS InternationalHussaini SaifeeCitigroup IncArthur PinedaCitigroup Inc8명의 분석가 더 보기
공지 • Apr 28PT Link Net Tbk, Annual General Meeting, Jun 03, 2026PT Link Net Tbk, Annual General Meeting, Jun 03, 2026.
New Risk • Feb 21New major risk - Share price stabilityThe 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 Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 66% per year over the past 5 years.
Reported Earnings • Feb 20Full year 2025 earnings released: Rp527 loss per share (vs Rp638 loss in FY 2024)Full year 2025 results: Rp527 loss per share (improved from Rp638 loss in FY 2024). Revenue: Rp3.08t (up 22% from FY 2024). Net loss: Rp1.45t (loss narrowed 17% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
New Risk • Nov 15New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 15% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Earnings have declined by 68% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (16% average weekly change).
공지 • Apr 15PT Link Net Tbk, Annual General Meeting, May 21, 2025PT Link Net Tbk, Annual General Meeting, May 21, 2025. Location: jakarta Indonesia
New Risk • Aug 12New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 48% per year over the past 5 years. Minor Risks High level of debt (188% net debt to equity). Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (4.1% increase in shares outstanding).
Reported Earnings • Aug 09Second quarter 2024 earnings released: Rp63.25 loss per share (vs Rp25.30 loss in 2Q 2023)Second quarter 2024 results: Rp63.25 loss per share (further deteriorated from Rp25.30 loss in 2Q 2023). Revenue: Rp920.2b (down 6.7% from 2Q 2023). Net loss: Rp172.7b (loss widened 148% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 16First quarter 2024 earnings released: Rp40.00 loss per share (vs Rp21.39 loss in 1Q 2023)First quarter 2024 results: Rp40.00 loss per share (further deteriorated from Rp21.39 loss in 1Q 2023). Revenue: Rp912.3b (down 6.7% from 1Q 2023). Net loss: Rp109.6b (loss widened 86% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance.
Reported Earnings • Feb 13Full year 2023 earnings released: Rp194 loss per share (vs Rp87.48 profit in FY 2022)Full year 2023 results: Rp194 loss per share (down from Rp87.48 profit in FY 2022). Revenue: Rp3.93t (down 10% from FY 2022). Net loss: Rp533.0b (down 321% from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance.
Reported Earnings • Dec 02Third quarter 2023 earnings released: Rp53.56 loss per share (vs Rp38.21 profit in 3Q 2022)Third quarter 2023 results: Rp53.56 loss per share (down from Rp38.21 profit in 3Q 2022). Revenue: Rp967.7b (down 10% from 3Q 2022). Net loss: Rp145.5b (down 238% from profit in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance.
Reported Earnings • Sep 20Second quarter 2023 earnings released: Rp25.64 loss per share (vs Rp4.79 profit in 2Q 2022)Second quarter 2023 results: Rp25.64 loss per share (down from Rp4.79 profit in 2Q 2022). Revenue: Rp986.2b (down 6.7% from 2Q 2022). Net loss: Rp69.6b (down Rp82.8b from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
New Risk • Jul 06New major risk - Revenue and earnings growthEarnings have declined by 15% 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 (1.3x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 232% Paying a dividend despite having no free cash flows. Earnings have declined by 15% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (1.3% net profit margin).
Valuation Update With 7 Day Price Move • Mar 08Investor sentiment improves as stock rises 18%After last week's 18% share price gain to Rp2,400, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Telecom industry in Indonesia. Total loss to shareholders of 20% over the past three years.
Reported Earnings • Nov 24Third quarter 2022 earnings released: EPS: Rp38.80 (vs Rp78.20 in 3Q 2021)Third quarter 2022 results: EPS: Rp38.80 (down from Rp78.20 in 3Q 2021). Revenue: Rp1.08t (flat on 3Q 2021). Net income: Rp105.1b (down 51% from 3Q 2021). Profit margin: 9.7% (down from 20% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 10% per year.
Valuation Update With 7 Day Price Move • Oct 15Investor sentiment deteriorated over the past weekAfter last week's 24% share price decline to Rp2,550, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 22x in the Telecom industry in Indonesia. Total loss to shareholders of 31% over the past three years.
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to Rp3,840, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 17x in the Telecom industry in Indonesia. Total loss to shareholders of 1.1% over the past three years.
Reported Earnings • May 31First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: Rp47.00 (down from Rp90.50 in 1Q 2021). Revenue: Rp1.05t (down 1.6% from 1Q 2021). Net income: Rp128.1b (down 49% from 1Q 2021). Profit margin: 12% (down from 23% in 1Q 2021). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) missed analyst estimates by 3.0%. Over the next year, revenue is forecast to grow 4.4%, compared to a 7.9% growth forecast for the industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Apr 27Price target increased to Rp5,200Up from Rp4,450, the current price target is an average from 2 analysts. New target price is 16% above last closing price of Rp4,480. The company is forecast to post earnings per share of Rp333 for next year compared to Rp322 last year.
Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Independent Commissioner Alex Rusli 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 • Nov 03Second quarter 2021 earnings released: EPS Rp80.95 (vs Rp94.00 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: Rp1.09t (up 12% from 2Q 2020). Net income: Rp222.7b (down 14% from 2Q 2020). Profit margin: 21% (down from 27% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
Reported Earnings • Jun 09First quarter 2021 earnings released: EPS Rp90.50 (vs Rp70.49 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: Rp1.07t (up 11% from 1Q 2020). Net income: Rp249.0b (up 26% from 1Q 2020). Profit margin: 23% (up from 21% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year and the company’s share price has also fallen by 1% per year.
Reported Earnings • May 09Full year 2020 earnings released: EPS Rp340 (vs Rp311 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: Rp4.05t (up 7.8% from FY 2019). Net income: Rp941.7b (up 5.3% from FY 2019). Profit margin: 23% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 10% per year.
Valuation Update With 7 Day Price Move • Apr 19Investor sentiment improved over the past weekAfter last week's 16% share price gain to Rp3,820, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the Telecom industry in Asia. Total loss to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp2,810 per share.
Price Target Changed • Apr 13Price target increased to Rp4,060Up from Rp3,788, the current price target is an average from 3 analysts. New target price is 23% above last closing price of Rp3,290. Stock is up 22% over the past year.
Is New 90 Day High Low • Feb 26New 90-day high: Rp3,360The company is up 29% from its price of Rp2,600 on 27 November 2020. The Indonesian market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp1,908 per share.
Is New 90 Day High Low • Feb 06New 90-day high: Rp3,260The company is up 54% from its price of Rp2,120 on 06 November 2020. The Indonesian market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp1,908 per share.
Is New 90 Day High Low • Jan 21New 90-day high: Rp3,010The company is up 45% from its price of Rp2,080 on 23 October 2020. The Indonesian market is up 25% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp1,722 per share.
Is New 90 Day High Low • Dec 16New 90-day high: Rp2,750The company is up 38% from its price of Rp1,990 on 18 September 2020. The Indonesian market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp1,722 per share.
Is New 90 Day High Low • Nov 24New 90-day high: Rp2,470The company is up 31% from its price of Rp1,885 on 26 August 2020. The Indonesian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp1,445 per share.
Reported Earnings • Oct 23Third quarter earnings releasedOver the last 12 months the company has reported total profits of Rp820.6b, up 9.8% from the prior year. Total revenue was Rp3.94t over the last 12 months, up 6.5% from the prior year.
Is New 90 Day High Low • Sep 30New 90-day low: Rp1,765The company is down 23% from its price of Rp2,280 on 02 July 2020. The Indonesian market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp1,749 per share.