Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to Rp885, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 13x in the Machinery industry in Indonesia. Total returns to shareholders of 93% over the past three years. Announcement • Apr 02
PT Mark Dynamics Indonesia Tbk, Annual General Meeting, May 07, 2026 PT Mark Dynamics Indonesia Tbk, Annual General Meeting, May 07, 2026. Reported Earnings • Mar 29
Full year 2025 earnings released: EPS: Rp74.70 (vs Rp75.40 in FY 2024) Full year 2025 results: EPS: Rp74.70 (down from Rp75.40 in FY 2024). Revenue: Rp837.3b (down 8.0% from FY 2024). Net income: Rp283.9b (flat on FY 2024). Profit margin: 34% (up from 32% 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 23% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Feb 02
Now 23% undervalued Over the last 90 days, the stock has risen 17% to Rp805. The fair value is estimated to be Rp1,044, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 50% in 2 years. Earnings are forecast to grow by 44% in the next 2 years. Buy Or Sell Opportunity • Jan 09
Now 22% undervalued Over the last 90 days, the stock has risen 29% to Rp815. The fair value is estimated to be Rp1,040, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 50% in 2 years. Earnings are forecast to grow by 44% in the next 2 years. Valuation Update With 7 Day Price Move • Nov 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to Rp850, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 20x in the Machinery industry in Asia. Total returns to shareholders of 66% over the past three years. Upcoming Dividend • Oct 30
Upcoming dividend of Rp20.00 per share Eligible shareholders must have bought the stock before 06 November 2025. Payment date: 27 November 2025. Payout ratio is a comfortable 42% but the company is paying out more than the cash it is generating. Trailing yield: 9.8%. Within top quartile of Indonesian dividend payers (5.3%). Higher than average of industry peers (1.6%). Reported Earnings • Oct 25
Third quarter 2025 earnings released: EPS: Rp19.17 (vs Rp19.46 in 3Q 2024) Third quarter 2025 results: EPS: Rp19.17 (down from Rp19.46 in 3Q 2024). Revenue: Rp213.9b (down 12% from 3Q 2024). Net income: Rp72.9b (down 1.4% from 3Q 2024). Profit margin: 34% (up from 31% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Machinery industry in Asia. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Board Change • Oct 24
Less than half of directors are independent 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. 4 highly experienced directors. 1 independent director (3 non-independent directors). Independent Director Cahaya Dewi Surbakti was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 11
PT Mark Dynamics Indonesia Tbk, Annual General Meeting, May 16, 2025 PT Mark Dynamics Indonesia Tbk, Annual General Meeting, May 16, 2025. Location: meeting both physically and electroncially, jakarta Indonesia Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: Rp19.45 (vs Rp8.95 in 3Q 2023) Third quarter 2024 results: EPS: Rp19.45 (up from Rp8.95 in 3Q 2023). Revenue: Rp242.8b (up 75% from 3Q 2023). Net income: Rp73.9b (up 117% from 3Q 2023). Profit margin: 31% (up from 25% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Machinery industry in Asia. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Buy Or Sell Opportunity • Oct 14
Now 22% undervalued Over the last 90 days, the stock has risen 12% to Rp1,070. The fair value is estimated to be Rp1,376, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 25% over the last 3 years. Earnings per share has declined by 30%. Reported Earnings • Jul 30
Second quarter 2024 earnings released: EPS: Rp19.73 (vs Rp8.94 in 2Q 2023) Second quarter 2024 results: EPS: Rp19.73 (up from Rp8.94 in 2Q 2023). Revenue: Rp243.4b (up 84% from 2Q 2023). Net income: Rp75.0b (up 121% from 2Q 2023). Profit margin: 31% (up from 26% 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 30% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Upcoming Dividend • May 21
Upcoming dividend of Rp30.00 per share Eligible shareholders must have bought the stock before 28 May 2024. Payment date: 14 June 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.9%. Lower than top quartile of Indonesian dividend payers (6.4%). Higher than average of industry peers (1.9%). Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to Rp975, the stock trades at a trailing P/E ratio of 18.7x. Average trailing P/E is 17x in the Machinery industry in Indonesia. Total returns to shareholders of 19% over the past three years. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: Rp19.01 (vs Rp8.03 in 1Q 2023) First quarter 2024 results: EPS: Rp19.01 (up from Rp8.03 in 1Q 2023). Revenue: Rp212.0b (up 63% from 1Q 2023). Net income: Rp72.2b (up 137% from 1Q 2023). Profit margin: 34% (up from 24% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 06
Full year 2023 earnings released: EPS: Rp41.06 (vs Rp63.97 in FY 2022) Full year 2023 results: EPS: Rp41.06 (down from Rp63.97 in FY 2022). Revenue: Rp559.5b (down 32% from FY 2022). Net income: Rp156.0b (down 36% from FY 2022). Profit margin: 28% (down from 30% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. 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 Rp550, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 24x in the Machinery industry in Indonesia. Total loss to shareholders of 27% over the past three years. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to Rp470, the stock trades at a trailing P/E ratio of 17.4x. Average trailing P/E is 24x in the Machinery industry in Indonesia. Total loss to shareholders of 38% over the past three years. Upcoming Dividend • Oct 24
Upcoming dividend of Rp5.00 per share at 6.3% yield Eligible shareholders must have bought the stock before 31 October 2023. Payment date: 17 November 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.3%. Within top quartile of Indonesian dividend payers (5.8%). Higher than average of industry peers (2.1%). New Risk • Aug 03
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: 22% Last year net profit margin: 33% 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 Dividend is not well covered by earnings (130% payout ratio). Profit margins are more than 30% lower than last year (22% net profit margin). Reported Earnings • Aug 02
Second quarter 2023 earnings released: EPS: Rp8.94 (vs Rp21.05 in 2Q 2022) Second quarter 2023 results: EPS: Rp8.94 (down from Rp21.05 in 2Q 2022). Revenue: Rp132.6b (down 50% from 2Q 2022). Net income: Rp34.0b (down 57% from 2Q 2022). Profit margin: 26% (down from 30% 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 13% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 05
Upcoming dividend of Rp35.00 per share at 8.3% yield Eligible shareholders must have bought the stock before 12 June 2023. Payment date: 28 June 2023. Payout ratio is a comfortable 57% and the cash payout ratio is 84%. Trailing yield: 8.3%. Within top quartile of Indonesian dividend payers (5.6%). Higher than average of industry peers (1.9%). Reported Earnings • Apr 08
Full year 2022 earnings released: EPS: Rp63.97 (vs Rp103 in FY 2021) Full year 2022 results: EPS: Rp63.97 (down from Rp103 in FY 2021). Revenue: Rp823.7b (down 31% from FY 2021). Net income: Rp243.1b (down 38% from FY 2021). Profit margin: 30% (down from 33% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Director Cahaya Dewi Surbakti was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 01
Third quarter 2022 earnings released: EPS: Rp3.29 (vs Rp31.82 in 3Q 2021) Third quarter 2022 results: EPS: Rp3.29 (down from Rp31.82 in 3Q 2021). Revenue: Rp108.0b (down 70% from 3Q 2021). Net income: Rp12.5b (down 90% from 3Q 2021). Profit margin: 12% (down from 34% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Machinery industry in Asia. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improved over the past week After last week's 16% share price gain to Rp670, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Machinery industry in Asia. Total returns to shareholders of 52% over the past three years. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 16% share price decline to Rp695, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Machinery industry in Asia. Total returns to shareholders of 57% over the past three years. Buying Opportunity • Sep 22
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 21%. The fair value is estimated to be Rp1,032, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 54% over the last 3 years. Earnings per share has grown by 69%. Buying Opportunity • Sep 06
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 26%. The fair value is estimated to be Rp1,029, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 54% over the last 3 years. Earnings per share has grown by 69%. Announcement • Jul 30
PT Mark Dynamics Indonesia Tbk to Be Deleted from OTC Equity PT Mark Dynamics Indonesia Tbk (Indonesia) will be deleted from OTC Equity effective from July 29, 2022, due to Inactive Security. Reported Earnings • Jul 30
Second quarter 2022 earnings released: EPS: Rp21.05 (vs Rp22.60 in 2Q 2021) Second quarter 2022 results: EPS: Rp21.05 (down from Rp22.60 in 2Q 2021). Revenue: Rp266.9b (up 4.8% from 2Q 2021). Net income: Rp80.0b (down 6.9% from 2Q 2021). Profit margin: 30% (down from 34% 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 69% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 02
Inaugural dividend of Rp50.00 per share Eligible shareholders must have bought the stock before 09 June 2022. Payment date: 01 July 2022. This is the first dividend for Mark Dynamics Indonesia since going public. The average dividend yield among industry peers is 2.0%. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Director Cahaya Dewi Surbakti was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 07
Full year 2021 earnings released: EPS: Rp103 (vs Rp37.90 in FY 2020) Full year 2021 results: EPS: Rp103 (up from Rp37.90 in FY 2020). Revenue: Rp1.19t (up 111% from FY 2020). Net income: Rp392.2b (up 172% from FY 2020). Profit margin: 33% (up from 26% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 29%, compared to a 18% growth forecast for the industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improved over the past week After last week's 18% share price gain to Rp1,265, the stock trades at a trailing P/E ratio of 13.5x. Average forward P/E is 16x in the Machinery industry in Asia. Total returns to shareholders of 232% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp1,855 per share. Valuation Update With 7 Day Price Move • Oct 22
Investor sentiment improved over the past week After last week's 19% share price gain to Rp1,200, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 22x in the Machinery industry in Asia. Total returns to shareholders of 257% over the past three years. Reported Earnings • Jul 29
Second quarter 2021 earnings released: EPS Rp22.60 (vs Rp7.46 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: Rp254.7b (up 166% from 2Q 2020). Net income: Rp85.9b (up 203% from 2Q 2020). Profit margin: 34% (up from 30% 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 44% per year whereas the company’s share price has increased by 47% per year. Reported Earnings • May 02
First quarter 2021 earnings released: EPS Rp18.24 (vs Rp6.15 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: Rp217.6b (up 125% from 1Q 2020). Net income: Rp69.3b (up 197% from 1Q 2020). Profit margin: 32% (up from 24% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 02
Full year 2020 earnings released: EPS Rp37.90 (vs Rp16.16 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: Rp565.4b (up 56% from FY 2019). Net income: Rp144.0b (up 135% from FY 2019). Profit margin: 26% (up from 17% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improved over the past week After last week's 16% share price gain to Rp1,150, the stock is trading at a trailing P/E ratio of 50.9x, up from the previous P/E ratio of 44x. This compares to an average P/E of 24x in the Machinery industry in Asia. Total returns to shareholders over the past three years are 232%. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorated over the past week After last week's 18% share price decline to Rp1,020, the stock is trading at a trailing P/E ratio of 45.1x, down from the previous P/E ratio of 55.1x. This compares to an average P/E of 24x in the Machinery industry in Asia. Total returns to shareholders over the past three years are 199%. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 21% share price gain to Rp1,015, the stock is trading at a trailing P/E ratio of 44.9x, up from the previous P/E ratio of 37.2x. This compares to an average P/E of 25x in the Machinery industry in Asia. Total returns to shareholders over the past three years are 199%. Is New 90 Day High Low • Jan 05
New 90-day high: Rp955 The company is up 13% from its price of Rp845 on 08 October 2020. The Indonesian market is up 22% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Machinery industry, which is up 8.0% over the same period. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of Rp112.5b, up 46% from the prior year. Total revenue was Rp438.8b over the last 12 months, up 25% from the prior year. Announcement • Jul 30
PT Mark Dynamics Indonesia Tbk (IDX:MARK) acquired stakes in PT Berjaya Dynamics Indonesia and PT Agro Dynamics Indo from Chin Kien Ping and Sutiyoso Bin Risman for IDR 70 billion. PT Mark Dynamics Indonesia Tbk (IDX:MARK) agreed to acquire stakes in PT Berjaya Dynamics Indonesia and PT Agro Dynamics Indo from Chin Kien Ping and Sutiyoso Bin Risman for IDR 70 billion on March 17, 2020. Under the terms, PT Mark Dynamics Indonesia will acquire 99% of PT Berjaya Dynamics and 99% of PT Berjaya Dynamics. MARK acquired 0.1 million of BDI shares owned by Chin Kien Ping and 0.53 million of ADI shares, consisted of 0.5 million shares belonging to Kien Ping and 0.03 million shares owned by Sutiyoso Bin Risman. MARK will spend IDR 70 billion on the transaction that will be paid in three stages. The first payment is IDR 47.50 billion for BDI shares, the second payment is IDR 21.20 billion for some of ADI shares, and the third payment is IDR 1.30 billion for the remaining ADI shares. The corporate action was approved by MARK and BDI's commissioners on March 17, 2020 and BDI's shareholders on June 29, 2020.
PT Mark Dynamics Indonesia Tbk (IDX:MARK) completed the acquisition of stakes in PT Berjaya Dynamics Indonesia and PT Agro Dynamics Indo from Chin Kien Ping and Sutiyoso Bin Risman on July 7, 2020.