Declared Dividend • Jun 12
Dividend reduced to Rp22.33 Dividend of Rp22.33 is 35% lower than last year. Ex-date: 19th June 2026 Payment date: 9th July 2026 Dividend yield will be 1.1%, which is lower than the industry average of 3.6%. Sustainability & Growth The dividend has increased by an average of 8.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to decline by 55% to shift the payout ratio to a potentially unsustainable range, which is more than the 2.5% EPS decline seen over the last 5 years. Announcement • Jun 11
PT Bank Mestika Dharma Tbk announces Annual dividend, payable on July 09, 2026 PT Bank Mestika Dharma Tbk announced Annual dividend of IDR 22.3300 per share payable on July 09, 2026, ex-date on June 19, 2026 and record date on June 22, 2026. Reported Earnings • May 05
First quarter 2026 earnings released: EPS: Rp14.38 (vs Rp15.67 in 1Q 2025) First quarter 2026 results: EPS: Rp14.38 (down from Rp15.67 in 1Q 2025). Revenue: Rp190.5b (down 18% from 1Q 2025). Net income: Rp57.9b (down 8.2% from 1Q 2025). Profit margin: 30% (up from 27% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • May 01
PT Bank Mestika Dharma Tbk, Annual General Meeting, Jun 09, 2026 PT Bank Mestika Dharma Tbk, Annual General Meeting, Jun 09, 2026. Reported Earnings • Mar 30
Full year 2025 earnings released: EPS: Rp79.42 (vs Rp100 in FY 2024) Full year 2025 results: EPS: Rp79.42 (down from Rp100 in FY 2024). Revenue: Rp956.7b (down 6.2% from FY 2024). Net income: Rp320.0b (down 21% from FY 2024). Profit margin: 33% (down from 40% in FY 2024). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: Rp27.29 (vs Rp36.12 in 3Q 2024) Third quarter 2025 results: EPS: Rp27.29 (down from Rp36.12 in 3Q 2024). Revenue: Rp263.7b (down 14% from 3Q 2024). Net income: Rp109.9b (down 24% from 3Q 2024). Profit margin: 42% (down from 48% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Board Change • Oct 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. 1 experienced director. 7 highly experienced directors. No independent directors (5 non-independent directors). Independent Commissioner . Katio 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: Lack of independent directors. Insufficient board refreshment. Announcement • Jun 22
PT Bank Mestika Dharma Tbk announces Annual dividend, payable on July 18, 2025 PT Bank Mestika Dharma Tbk announced Annual dividend of IDR 34.2500 per share payable on July 18, 2025, ex-date on July 01, 2025 and record date on July 02, 2025. Announcement • May 10
PT Bank Mestika Dharma Tbk, Annual General Meeting, Jun 19, 2025 PT Bank Mestika Dharma Tbk, Annual General Meeting, Jun 19, 2025. Reported Earnings • Nov 02
Third quarter 2024 earnings released: EPS: Rp36.12 (vs Rp28.38 in 3Q 2023) Third quarter 2024 results: EPS: Rp36.12 (up from Rp28.38 in 3Q 2023). Revenue: Rp304.8b (up 21% from 3Q 2023). Net income: Rp145.4b (up 27% from 3Q 2023). Profit margin: 48% (up from 45% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% 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. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: Rp19.03 (vs Rp20.10 in 2Q 2023) Second quarter 2024 results: EPS: Rp19.03 (down from Rp20.10 in 2Q 2023). Revenue: Rp239.6b (up 4.4% from 2Q 2023). Net income: Rp76.6b (down 5.3% from 2Q 2023). Profit margin: 32% (down from 35% 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 7% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: Rp21.44 (vs Rp25.26 in 1Q 2023) First quarter 2024 results: EPS: Rp21.44 (down from Rp25.26 in 1Q 2023). Revenue: Rp249.1b (flat on 1Q 2023). Net income: Rp86.3b (down 15% from 1Q 2023). Profit margin: 35% (down from 41% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Reported Earnings • Apr 03
Full year 2023 earnings released: EPS: Rp104 (vs Rp130 in FY 2022) Full year 2023 results: EPS: Rp104 (down from Rp130 in FY 2022). Revenue: Rp1.01t (down 7.6% from FY 2022). Net income: Rp417.1b (down 20% from FY 2022). Profit margin: 41% (down from 48% in FY 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 10
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. 2 experienced directors. 7 highly experienced directors. No independent directors (5 non-independent directors). Independent Commissioner Gardjito Heru was the last independent director to join the board, commencing their role in 2016. 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 • Oct 29
Third quarter 2023 earnings released: EPS: Rp28.37 (vs Rp36.33 in 3Q 2022) Third quarter 2023 results: EPS: Rp28.37 (down from Rp36.33 in 3Q 2022). Revenue: Rp269.1b (down 2.1% from 3Q 2022). Net income: Rp114.3b (down 22% from 3Q 2022). Profit margin: 43% (down from 53% in 3Q 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. New Risk • Aug 05
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: 33% Last year net profit margin: 50% 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 (33% net profit margin). Reported Earnings • Aug 04
Second quarter 2023 earnings released: EPS: Rp20.04 (vs Rp30.71 in 2Q 2022) Second quarter 2023 results: EPS: Rp20.04 (down from Rp30.71 in 2Q 2022). Revenue: Rp242.1b (down 16% from 2Q 2022). Net income: Rp80.7b (down 35% from 2Q 2022). Profit margin: 33% (down from 43% 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 20% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 14
Full year 2022 earnings released: EPS: Rp130 (vs Rp129 in FY 2021) Full year 2022 results: EPS: Rp130 (up from Rp129 in FY 2021). Revenue: Rp1.09t (up 4.6% from FY 2021). Net income: Rp523.1b (flat on FY 2021). Profit margin: 48% (down from 50% 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 35% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. 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. 2 experienced directors. 7 highly experienced directors. No independent directors (5 non-independent directors). Independent Commissioner Gardjito Heru was the last independent director to join the board, commencing their role in 2016. 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 • Nov 03
Third quarter 2022 earnings released: EPS: Rp36.33 (vs Rp38.46 in 3Q 2021) Third quarter 2022 results: EPS: Rp36.33 (down from Rp38.46 in 3Q 2021). Revenue: Rp274.0b (down 3.5% from 3Q 2021). Net income: Rp146.3b (down 5.5% from 3Q 2021). Profit margin: 53% (down from 55% in 3Q 2021). The decrease in margin was driven by lower revenue. 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 6% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 01
Second quarter 2022 earnings released: EPS: Rp30.72 (vs Rp28.09 in 2Q 2021) Second quarter 2022 results: EPS: Rp30.72 (up from Rp28.09 in 2Q 2021). Revenue: Rp287.4b (up 14% from 2Q 2021). Net income: Rp123.7b (up 9.4% from 2Q 2021). Profit margin: 43% (down from 45% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improved over the past week After last week's 18% share price gain to Rp2,330, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 21x in the Banks industry in Indonesia. Total returns to shareholders of 23% over the past three years. Upcoming Dividend • May 30
Upcoming dividend of Rp34.26 per share Eligible shareholders must have bought the stock before 06 June 2022. Payment date: 24 June 2022. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Indonesian dividend payers (4.1%). Lower than average of industry peers (3.1%). 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. 2 experienced directors. 7 highly experienced directors. No independent directors (5 non-independent directors). Independent Commissioner Gardjito Heru was the last independent director to join the board, commencing their role in 2016. 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 • Aug 27
Investor sentiment improved over the past week After last week's 21% share price gain to Rp1,980, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 27x in the Banks industry in Indonesia. Total returns to shareholders of 43% over the past three years. Reported Earnings • Aug 02
Second quarter 2021 earnings released: EPS Rp28.19 (vs Rp4.31 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: Rp262.6b (up 106% from 2Q 2020). Net income: Rp113.5b (up Rp96.4b from 2Q 2020). Profit margin: 43% (up from 13% 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 12% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 07
Inaugural dividend of Rp29.79 per share Eligible shareholders must have bought the stock before 14 June 2021. Payment date: 02 July 2021. The company last paid an ordinary dividend in March 2019. The average dividend yield among industry peers is 2.1%. Is New 90 Day High Low • Feb 20
New 90-day low: Rp1,385 The company is down 12% from its price of Rp1,580 on 13 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 Banks industry, which is up 12% over the same period. Is New 90 Day High Low • Dec 21
New 90-day low: Rp1,400 The company is down 6.0% from its price of Rp1,485 on 22 September 2020. The Indonesian market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 32% over the same period. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of Rp250.7b, down 5.5% from the prior year. Total revenue was Rp711.2b over the last 12 months, largely unchanged from the prior year.