Declared Dividend • May 11
Dividend reduced to Rp31.00 Dividend of Rp31.00 is 31% lower than last year. Ex-date: 20th May 2026 Payment date: 29th May 2026 Dividend yield will be 3.8%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is covered by both earnings (43% earnings payout ratio) and cash flows (60% cash payout ratio). The dividend has increased by an average of 4.3% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 52% to shift the payout ratio to a potentially unsustainable range, which is more than the 7.9% EPS decline seen over the last 5 years. Aankondiging • May 09
PT Lautan Luas Tbk announces Annual dividend, payable on May 29, 2026 PT Lautan Luas Tbk announced Annual dividend of IDR 31.0000 per share payable on May 29, 2026, ex-date on May 20, 2026 and record date on May 21, 2026. Reported Earnings • Apr 30
First quarter 2026 earnings released: EPS: Rp25.00 (vs Rp25.93 in 1Q 2025) First quarter 2026 results: EPS: Rp25.00 (down from Rp25.93 in 1Q 2025). Revenue: Rp2.25t (up 6.3% from 1Q 2025). Net income: Rp37.4b (down 4.3% from 1Q 2025). Profit margin: 1.7% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 13% per year. Aankondiging • Mar 28
PT Lautan Luas Tbk, Annual General Meeting, May 07, 2026 PT Lautan Luas Tbk, Annual General Meeting, May 07, 2026. Reported Earnings • Mar 09
Full year 2025 earnings released: EPS: Rp99.00 (vs Rp146 in FY 2024) Full year 2025 results: EPS: Rp99.00 (down from Rp146 in FY 2024). Revenue: Rp8.80t (up 14% from FY 2024). Net income: Rp149.5b (down 32% from FY 2024). Profit margin: 1.7% (down from 2.9% 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 14% per year whereas the company’s share price has fallen by 18% per year. New Risk • Mar 08
New major risk - Revenue and earnings growth Earnings have declined by 3.7% 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 Risk Earnings have declined by 3.7% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.9% net profit margin). Market cap is less than US$100m (Rp1.16t market cap, or US$68.3m). Reported Earnings • Nov 01
Third quarter 2025 earnings released: EPS: Rp27.14 (vs Rp30.68 in 3Q 2024) Third quarter 2025 results: EPS: Rp27.14 (down from Rp30.68 in 3Q 2024). Revenue: Rp2.21t (up 9.0% from 3Q 2024). Net income: Rp40.3b (down 13% from 3Q 2024). Profit margin: 1.8% (down from 2.3% 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 21% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Board Change • Oct 24
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 3 highly experienced directors. No independent directors (8 non-independent directors). Independent Commissioner R. Wachjudi was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Aankondiging • Apr 16
PT Lautan Luas Tbk, Annual General Meeting, May 07, 2025 PT Lautan Luas Tbk, Annual General Meeting, May 07, 2025. Location: ruang jakarta, graha indramas lantai 10, jalan aip ii k.s. tubun raya no.77 kota adm., jakarta barat dki, jakarta Indonesia New Risk • Sep 04
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 30% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. 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. Large one-off items impacting financial results. Market cap is less than US$100m (Rp1.49t market cap, or US$96.6m). Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: Rp32.14 (vs Rp0.41 in 2Q 2023) Second quarter 2024 results: EPS: Rp32.14 (up from Rp0.41 in 2Q 2023). Revenue: Rp1.79t (up 8.4% from 2Q 2023). Net income: Rp49.0b (up Rp48.4b from 2Q 2023). Profit margin: 2.7% (up from 0% in 2Q 2023). The increase in margin was driven by higher revenue. 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. New Risk • May 27
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 40% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. 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. Large one-off items impacting financial results. Market cap is less than US$100m (Rp1.52t market cap, or US$96.0m). Upcoming Dividend • May 20
Upcoming dividend of Rp35.00 per share Eligible shareholders must have bought the stock before 27 May 2024. Payment date: 13 June 2024. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 7.0%. Within top quartile of Indonesian dividend payers (6.4%). Higher than average of industry peers (1.1%). Aankondiging • May 16
PT Lautan Luas Tbk, Annual General Meeting, May 14, 2024 PT Lautan Luas Tbk, Annual General Meeting, May 14, 2024. Location: ruang jakarta, graha indramas lantai 10, jalan aip, ii k.s. tubun raya no.77 kota adm. jakarta barat, dki. jakarta indonesia, jakarta Indonesia Reported Earnings • Mar 19
Full year 2023 earnings released: EPS: Rp104 (vs Rp206 in FY 2022) Full year 2023 results: EPS: Rp104 (down from Rp206 in FY 2022). Revenue: Rp7.32t (down 7.1% from FY 2022). Net income: Rp160.9b (down 50% from FY 2022). Profit margin: 2.2% (down from 4.1% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Aug 04
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: 2.6% Last year net profit margin: 5.0% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.6% net profit margin). Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: Rp0.41 (vs Rp53.00 in 2Q 2022) Second quarter 2023 results: EPS: Rp0.41 (down from Rp53.00 in 2Q 2022). Revenue: Rp1.65t (down 16% from 2Q 2022). Net income: Rp643.0m (down 99% from 2Q 2022). Profit margin: 0% (down from 4.2% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 37% per year whereas the company’s share price has increased by 32% per year. Reported Earnings • Apr 15
Full year 2022 earnings released: EPS: Rp206 (vs Rp182 in FY 2021) Full year 2022 results: EPS: Rp206 (up from Rp182 in FY 2021). Revenue: Rp7.88t (up 19% from FY 2021). Net income: Rp321.0b (up 15% from FY 2021). Profit margin: 4.1% (down from 4.2% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. 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. 6 non-independent directors. Independent Commissioner R. Wachjudi was the last independent director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: Rp51.70 (vs Rp39.63 in 3Q 2021) Third quarter 2022 results: EPS: Rp51.70 (up from Rp39.63 in 3Q 2021). Revenue: Rp1.95t (up 18% from 3Q 2021). Net income: Rp80.2b (up 32% from 3Q 2021). Profit margin: 4.1% (up from 3.7% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment deteriorated over the past week After last week's 16% share price decline to Rp1,220, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 13x in the Chemicals industry in Indonesia. Total returns to shareholders of 120% over the past three years. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improved over the past week After last week's 21% share price gain to Rp1,560, the stock trades at a trailing P/E ratio of 6.3x. Average trailing P/E is 13x in the Chemicals industry in Indonesia. Total returns to shareholders of 184% over the past three years. Reported Earnings • Jul 29
Second quarter 2022 earnings released: EPS: Rp52.74 (vs Rp24.62 in 2Q 2021) Second quarter 2022 results: EPS: Rp52.74 (up from Rp24.62 in 2Q 2021). Revenue: Rp1.96t (up 24% from 2Q 2021). Net income: Rp82.4b (up 118% from 2Q 2021). Profit margin: 4.2% (up from 2.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 26% per year. Buying Opportunity • Jul 16
Now 21% undervalued Over the last 90 days, the stock is up 46%. The fair value is estimated to be Rp1,434, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.9% over the last 3 years. Earnings per share has grown by 14%. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment deteriorated over the past week After last week's 16% share price decline to Rp1,085, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 14x in the Chemicals industry in Indonesia. Total returns to shareholders of 112% over the past three years. Buying Opportunity • Jul 01
Now 24% undervalued Over the last 90 days, the stock is up 55%. The fair value is estimated to be Rp1,507, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.9% over the last 3 years. Earnings per share has grown by 14%. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 26% share price gain to Rp1,350, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 19x in the Chemicals industry in Indonesia. Total returns to shareholders of 158% over the past three years. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improved over the past week After last week's 23% share price gain to Rp955, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 23x in the Chemicals industry in Indonesia. Total returns to shareholders of 68% over the past three years. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Commissioner Benny Wachjudi was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jan 03
Upcoming dividend of Rp20.00 per share Eligible shareholders must have bought the stock before 10 January 2022. Payment date: 21 January 2022. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Indonesian dividend payers (3.9%). Higher than average of industry peers (1.1%). Aankondiging • Dec 30
PT Lautan Luas Tbk Ordinary Shares to Be Deleted from Other OTC PT Lautan Luas Tbk Ordinary Shares will be deleted from other OTC effective from December 30, 2021, due to Inactive Security. Reported Earnings • Aug 05
Second quarter 2021 earnings released: EPS Rp24.36 (vs Rp81.87 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: Rp1.58t (up 19% from 2Q 2020). Net income: Rp37.9b (down 70% from 2Q 2020). Profit margin: 2.4% (down from 9.5% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improved over the past week After last week's 18% share price gain to Rp635, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 22x in the Chemicals industry in Indonesia. Total returns to shareholders of 13% over the past three years. Is New 90 Day High Low • Jan 15
New 90-day high: Rp505 The company is up 17% from its price of Rp430 on 16 October 2020. The Indonesian market is up 25% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 31% over the same period. Is New 90 Day High Low • Dec 21
New 90-day high: Rp496 The company is up 16% from its price of Rp428 on 23 September 2020. The Indonesian market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 45% over the same period. Is New 90 Day High Low • Dec 04
New 90-day high: Rp490 The company is up 9.0% from its price of Rp450 on 04 September 2020. The Indonesian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 40% over the same period. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of Rp57.2b, down 75% from the prior year. Total revenue was Rp5.80t over the last 12 months, down 14% from the prior year. 
