New Risk • Jul 28
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 64% 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: Minor Risks High level of debt (64% net debt to equity). Market cap is less than US$100m (Rp635.6b market cap, or US$35.0m). Recent Insider Transactions • Jul 23
Director recently bought Rp9.8m worth of stock On the 16th of July, Ika Putri Boenawan bought around 20k shares on-market at roughly Rp488 per share. This transaction increased Ika's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought Rp9.9m more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to Rp525, the stock trades at a trailing P/E ratio of 33.6x. Average trailing P/E is 19x in the Specialty Retail industry in Indonesia. Total returns to shareholders of 1,050% over the past three years. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to Rp615, the stock trades at a trailing P/E ratio of 39.3x. Average trailing P/E is 19x in the Specialty Retail industry in Indonesia. Total returns to shareholders of 1,220% over the past three years. Upcoming Dividend • May 28
Upcoming dividend of Rp4.59 per share Eligible shareholders must have bought the stock before 03 June 2026. Payment date: 19 June 2026. The company last paid an ordinary dividend in July 2024. The average dividend yield among industry peers is 4.4%. Valuation Update With 7 Day Price Move • May 26
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to Rp496, the stock trades at a trailing P/E ratio of 31.7x. Average trailing P/E is 16x in the Specialty Retail industry in Indonesia. Total returns to shareholders of 913% over the past three years. Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to Rp590, the stock trades at a trailing P/E ratio of 37.7x. Average trailing P/E is 16x in the Specialty Retail industry in Indonesia. Total returns to shareholders of 1,179% over the past three years. Aankondiging • Apr 14
PT Imago Mulia Persada Tbk, Annual General Meeting, May 20, 2026 PT Imago Mulia Persada Tbk, Annual General Meeting, May 20, 2026. New Risk • Feb 06
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (36% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (Rp778.1b market cap, or US$45.9m). Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to Rp550, the stock trades at a trailing P/E ratio of 38.9x. Average trailing P/E is 13x in the Specialty Retail industry in Indonesia. Total returns to shareholders of 963% over the past three years. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to Rp695, the stock trades at a trailing P/E ratio of 49.2x. Average trailing P/E is 16x in the Specialty Retail industry in Indonesia. Total returns to shareholders of 1,196% over the past three years. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to Rp640, the stock trades at a trailing P/E ratio of 45.3x. Average trailing P/E is 15x in the Specialty Retail industry in Indonesia. Total returns to shareholders of 1,053% over the past three years. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to Rp466, the stock trades at a trailing P/E ratio of 33x. Average trailing P/E is 16x in the Specialty Retail industry in Indonesia. Total returns to shareholders of 712% over the past three years. Aankondiging • May 21
PT Imago Mulia Persada Tbk, Annual General Meeting, Jun 24, 2025 PT Imago Mulia Persada Tbk, Annual General Meeting, Jun 24, 2025. Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to Rp79.00, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 16x in the Specialty Retail industry in Indonesia. Total returns to shareholders of 6.3% over the past three years. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to Rp110, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 15x in the Specialty Retail industry in Indonesia. Total returns to shareholders of 43% over the past three years. Buy Or Sell Opportunity • Aug 29
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 104% to Rp110. The fair value is estimated to be Rp90.94, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last year. Earnings per share has grown by 194%. Buy Or Sell Opportunity • Aug 08
Now 22% undervalued Over the last 90 days, the stock has risen 42% to Rp71.00. The fair value is estimated to be Rp91.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last year. Earnings per share has grown by 194%. Reported Earnings • Aug 06
First half 2024 earnings released: EPS: Rp5.85 (vs Rp1.75 in 1H 2023) First half 2024 results: EPS: Rp5.85 (up from Rp1.75 in 1H 2023). Revenue: Rp45.0b (up 30% from 1H 2023). Net income: Rp7.61b (up 235% from 1H 2023). Profit margin: 17% (up from 6.6% in 1H 2023). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to Rp65.00, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 11x in the Specialty Retail industry in Indonesia. Total loss to shareholders of 9.1% over the past three years. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to Rp53.00, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 11x in the Specialty Retail industry in Indonesia. Total loss to shareholders of 35% over the past three years. Aankondiging • Jun 05
PT Imago Mulia Persada Tbk, Annual General Meeting, Jun 25, 2024 PT Imago Mulia Persada Tbk, Annual General Meeting, Jun 25, 2024. Location: pita showroom, sequis center jalan jendreal, sudirman no.71 kota adm. jakarta selatan dki., jakarta indonesia, jakarta Indonesia New Risk • Feb 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (Rp61.5b market cap, or US$3.93m). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (11% average weekly change). Revenue is less than US$5m (Rp77b revenue, or US$4.9m). Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to Rp63.00, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 15x in the Specialty Retail industry in Indonesia. Total returns to shareholders of 8.6% over the past year. New Risk • Nov 27
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 9.2% 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 Market cap is less than US$10m (Rp82.4b market cap, or US$5.32m). Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (9.2% average weekly change). Revenue is less than US$5m (Rp77b revenue, or US$5.0m). Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to Rp58.00, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 15x in the Specialty Retail industry in Indonesia. Total loss to shareholders of 1.7% over the past year. Reported Earnings • Aug 11
First half 2023 earnings released: EPS: Rp1.66 (vs Rp0.73 in 1H 2022) First half 2023 results: EPS: Rp1.66 (up from Rp0.73 in 1H 2022). Revenue: Rp34.7b (up 53% from 1H 2022). Net income: Rp2.17b (up 128% from 1H 2022). Profit margin: 6.2% (up from 4.2% in 1H 2022). The increase in margin was driven by higher revenue. 
