공시 • 9h
PT Steady Safe Tbk, Annual General Meeting, Jun 26, 2026 PT Steady Safe Tbk, Annual General Meeting, Jun 26, 2026. Reported Earnings • May 05
First quarter 2026 earnings released: EPS: Rp9.28 (vs Rp18.21 in 1Q 2025) First quarter 2026 results: EPS: Rp9.28 (down from Rp18.21 in 1Q 2025). Revenue: Rp50.4b (down 11% from 1Q 2025). Net income: Rp5.71b (down 49% from 1Q 2025). Profit margin: 11% (down from 20% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 19% per year. Reported Earnings • Mar 29
Full year 2025 earnings released: EPS: Rp64.12 (vs Rp44.39 in FY 2024) Full year 2025 results: EPS: Rp64.12 (up from Rp44.39 in FY 2024). Revenue: Rp209.6b (down 10% from FY 2024). Net income: Rp39.5b (up 45% from FY 2024). Profit margin: 19% (up from 12% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 23% per year. Buy Or Sell Opportunity • Feb 06
Now 21% undervalued Over the last 90 days, the stock has risen 34% to Rp350. The fair value is estimated to be Rp444, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.7% over the last 3 years. Earnings per share has grown by 29%. New Risk • Dec 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indonesian stocks, typically moving 17% 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 Risk Share price has been highly volatile over the past 3 months (17% average weekly change). Minor Risks High level of debt (168% net debt to equity). Profit margins are more than 30% lower than last year (8.1% net profit margin). Market cap is less than US$100m (Rp209.1b market cap, or US$12.5m). Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to Rp340, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 12x in the Transportation industry in Indonesia. Total returns to shareholders of 52% over the past three years. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improves as stock rises 37% After last week's 37% share price gain to Rp262, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 12x in the Transportation industry in Indonesia. Total returns to shareholders of 26% over the past three years. New Risk • Nov 09
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 168% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (Rp161.2b market cap, or US$9.67m). Minor Risks High level of debt (168% net debt to equity). Share price has been volatile over the past 3 months (16% average weekly change). Profit margins are more than 30% lower than last year (8.1% net profit margin). Reported Earnings • Nov 03
Third quarter 2025 earnings released: EPS: Rp14.95 (vs Rp21.25 in 3Q 2024) Third quarter 2025 results: EPS: Rp14.95 (down from Rp21.25 in 3Q 2024). Revenue: Rp51.5b (down 12% from 3Q 2024). Net income: Rp9.19b (down 30% from 3Q 2024). Profit margin: 18% (down from 22% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. 공시 • May 12
PT Steady Safe Tbk, Annual General Meeting, Jun 26, 2025 PT Steady Safe Tbk, Annual General Meeting, Jun 26, 2025. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to Rp396, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 11x in the Transportation industry in Indonesia. Total returns to shareholders of 45% over the past three years. Reported Earnings • Oct 26
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: Rp58.5b (flat on 3Q 2023). Net income: Rp13.1b (up 284% from 3Q 2023). Profit margin: 22% (up from 5.9% in 3Q 2023). Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to Rp322, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 11x in the Transportation industry in Indonesia. Total returns to shareholders of 50% over the past three years. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: Rp28.23 (vs Rp5.06 in 2Q 2023) Second quarter 2024 results: EPS: Rp28.23 (up from Rp5.06 in 2Q 2023). Revenue: Rp57.0b (up 2.3% from 2Q 2023). Net income: Rp17.4b (up 458% from 2Q 2023). Profit margin: 31% (up from 5.6% in 2Q 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. 공시 • May 24
PT Steady Safe Tbk, Annual General Meeting, Jun 27, 2024 PT Steady Safe Tbk, Annual General Meeting, Jun 27, 2024. Location: jakarta Indonesia Reported Earnings • May 19
First quarter 2024 earnings released First quarter 2024 results: Revenue: Rp58.9b (down 14% from 1Q 2023). Net income: Rp9.92b (up 49% from 1Q 2023). Profit margin: 17% (up from 9.7% in 1Q 2023). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • May 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to Rp222, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 8x in the Transportation industry in Indonesia. Total returns to shareholders of 14% over the past three years. Reported Earnings • Apr 09
Full year 2023 earnings released Full year 2023 results: Revenue: Rp242.8b (down 4.1% from FY 2022). Net income: Rp19.7b (up 92% from FY 2022). Profit margin: 8.1% (up from 4.0% in FY 2022). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to Rp212, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 9x in the Transportation industry in Indonesia. Total loss to shareholders of 2.8% over the past three years. New Risk • Feb 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: Rp156.2b (US$10.00m) 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 Interest payments are not well covered by earnings (2.2x net interest cover). Negative equity (-Rp45b). Market cap is less than US$10m (Rp156.2b market cap, or US$10.00m). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to Rp318, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 9x in the Transportation industry in Indonesia. Total returns to shareholders of 75% over the past three years. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to Rp306, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 10x in the Transportation industry in Indonesia. Total returns to shareholders of 65% over the past three years. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to Rp260, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 10x in the Transportation industry in Indonesia. Total returns to shareholders of 38% over the past three years. 공시 • Nov 24
PT Steady Safe Tbk Ordinary Shares to Be Deleted from OTC Equity PT Steady Safe Tbk Ordinary Shares (Indonesia) will be deleted from OTC Equity effective November 24, 2023, due to Inactive Security. Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to Rp175, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 11x in the Transportation industry in Indonesia. Total loss to shareholders of 7.4% over the past three years. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to Rp166, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 12x in the Transportation industry in Indonesia. Total loss to shareholders of 10% over the past three years. Board Change • Nov 16
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. 3 experienced directors. 2 highly experienced directors. No independent directors (3 non-independent directors). Independent Commissioner R. D. James Subekti was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment deteriorated over the past week After last week's 17% share price decline to Rp184, the stock trades at a trailing P/E ratio of 29x. Average trailing P/E is 19x in the Transportation industry in Indonesia. Total loss to shareholders of 11% over the past three years. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improved over the past week After last week's 18% share price gain to Rp234, the stock trades at a trailing P/E ratio of 36.9x. Average trailing P/E is 20x in the Transportation industry in Indonesia. Total returns to shareholders of 15% over the past three years. Reported Earnings • Sep 06
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: Rp64.9b (up 44% from 2Q 2021). Net income: Rp2.62b (up 98% from 2Q 2021). Profit margin: 4.0% (up from 2.9% in 2Q 2021). The increase in margin was driven by higher revenue. Reported Earnings • Jun 03
First quarter 2022 earnings released First quarter 2022 results: Revenue: Rp50.9b (up 21% from 1Q 2021). Net income: Rp1.60b (up Rp1.82b from 1Q 2021). Profit margin: 3.1% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 4% per year. Board Change • Apr 27
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. 4 experienced directors. 1 highly experienced director. No independent directors (3 non-independent directors). Independent Commissioner R. D. James Subekti was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Sep 04
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: Rp45.2b (up 86% from 2Q 2020). Net income: Rp1.32b (up Rp13.5b from 2Q 2020). Profit margin: 2.9% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 7% per year. Is New 90 Day High Low • Feb 20
New 90-day low: Rp172 The company is down 9.0% from its price of Rp189 on 20 November 2020. The Indonesian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Transportation industry, which is up 51% over the same period. Reported Earnings • Nov 21
Third quarter 2020 earnings released: Rp3.39 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: Rp34.4b (down 35% from 3Q 2019). Net loss: Rp2.08b (down 121% from profit in 3Q 2019). Is New 90 Day High Low • Nov 10
New 90-day high: Rp200 The company is up 3.0% from its price of Rp194 on 12 August 2020. The Indonesian market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Transportation industry, which is down 10.0% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: Rp169 The company is down 12% from its price of Rp191 on 26 June 2020. The Indonesian market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Transportation industry, which is down 2.0% over the same period.