Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to Rp122, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 19x in the Luxury industry in Indonesia. Total loss to shareholders of 29% over the past three years. New Risk • Jun 03
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: Rp176.3b (US$9.87m) 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 (2.0x net interest cover). Market cap is less than US$10m (Rp176.3b market cap, or US$9.87m). Valuation Update With 7 Day Price Move • May 21
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to Rp158, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 19x in the Luxury industry in Indonesia. Total loss to shareholders of 23% over the past three years. Reported Earnings • May 05
First quarter 2026 earnings released: EPS: US$0.001 (vs US$0.001 in 1Q 2025) First quarter 2026 results: EPS: US$0.001 (in line with 1Q 2025). Revenue: US$28.3m (down 16% from 1Q 2025). Net income: US$812.6k (down 33% from 1Q 2025). Profit margin: 2.9% (down from 3.6% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Apr 25
PT Eratex Djaja Tbk, Annual General Meeting, Jun 02, 2026 PT Eratex Djaja Tbk, Annual General Meeting, Jun 02, 2026. Reported Earnings • Apr 01
Full year 2025 earnings released: EPS: US$0.002 (vs US$0.001 in FY 2024) Full year 2025 results: EPS: US$0.002 (up from US$0.001 in FY 2024). Revenue: US$116.8m (up 7.1% from FY 2024). Net income: US$2.10m (up 40% from FY 2024). Profit margin: 1.8% (up from 1.4% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to Rp294, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 29x in the Luxury industry in Indonesia. Total returns to shareholders of 24% over the past three years. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment deteriorates as stock falls 31% After last week's 31% share price decline to Rp200, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 22x in the Luxury industry in Indonesia. Total loss to shareholders of 29% over the past three years. Buy Or Sell Opportunity • Jan 20
Now 22% undervalued Over the last 90 days, the stock has risen 68% to Rp298. The fair value is estimated to be Rp383, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 21%. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to Rp272, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 20x in the Luxury industry in Indonesia. Total loss to shareholders of 31% over the past three years. New Risk • Dec 15
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 18% 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 Risks Interest payments are not well covered by earnings (2.3x net interest cover). Share price has been highly volatile over the past 3 months (18% average weekly change). Minor Risk Market cap is less than US$100m (Rp329.4b market cap, or US$19.8m). Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to Rp197, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 20x in the Luxury industry in Indonesia. Total loss to shareholders of 20% over the past three years. Reported Earnings • Nov 04
Third quarter 2025 earnings released: EPS: US$0 (vs US$0 in 3Q 2024) Third quarter 2025 results: EPS: US$0 (in line with 3Q 2024). Revenue: US$24.3m (down 3.2% from 3Q 2024). Net income: US$335.3k (down 12% from 3Q 2024). Profit margin: 1.4% (in line with 3Q 2024). 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 4% per year, which means it has not declined as severely as earnings. Board Change • Oct 24
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. 3 experienced directors. 1 highly experienced director. No independent directors (4 non-independent directors). President Commissioner M. Maniwanen is the most experienced director on the board, commencing their role in 2011. Independent Commissioner Ahmad Dahlan was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Jun 06
PT Eratex Djaja Tbk, Annual General Meeting, Jun 30, 2025 PT Eratex Djaja Tbk, Annual General Meeting, Jun 30, 2025. Location: pt. eratex djaja tbk. surabaya spazio building, 3rd floor, unit 319-321 graha festival kav.3, grah, familyjl. mayjend yono soewoyo, surabaya kota, surabaya jawa timur indonesia, Indonesia Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to Rp120, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 20x in the Luxury industry in Indonesia. Total loss to shareholders of 31% over the past three years. New Risk • Sep 02
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: Rp155.7b (US$9.96m) 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 (1.6x net interest cover). Market cap is less than US$10m (Rp155.7b market cap, or US$9.96m). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (12% average weekly change). Profit margins are more than 30% lower than last year (1.0% net profit margin). Reported Earnings • Aug 03
Second quarter 2024 earnings released: EPS: US$0 (vs US$0.001 in 2Q 2023) Second quarter 2024 results: EPS: US$0 (down from US$0.001 in 2Q 2023). Revenue: US$23.2m (down 19% from 2Q 2023). Net loss: US$224.7k (down 129% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 35% 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 15
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to Rp294, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 16x in the Luxury industry in Indonesia. Total returns to shareholders of 78% over the past three years. Announcement • May 22
PT Eratex Djaja Tbk, Annual General Meeting, Jun 28, 2024 PT Eratex Djaja Tbk, Annual General Meeting, Jun 28, 2024. Reported Earnings • May 05
First quarter 2024 earnings released: EPS: US$0 (vs US$0.001 in 1Q 2023) First quarter 2024 results: EPS: US$0 (down from US$0.001 in 1Q 2023). Revenue: US$29.9m (down 6.9% from 1Q 2023). Net income: US$503.6k (down 56% from 1Q 2023). Profit margin: 1.7% (down from 3.6% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 03
Full year 2023 earnings released: EPS: US$0.002 (vs US$0.003 in FY 2022) Full year 2023 results: EPS: US$0.002 (down from US$0.003 in FY 2022). Revenue: US$120.7m (up 9.6% from FY 2022). Net income: US$2.73m (down 30% from FY 2022). Profit margin: 2.3% (down from 3.6% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to Rp346, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 18x in the Luxury industry in Indonesia. Total returns to shareholders of 198% over the past three years. Reported Earnings • Nov 05
Third quarter 2023 earnings released: EPS: US$0 (vs US$0.001 in 3Q 2022) Third quarter 2023 results: EPS: US$0 (down from US$0.001 in 3Q 2022). Revenue: US$26.3m (up 10.0% from 3Q 2022). Net income: US$305.1k (down 62% from 3Q 2022). Profit margin: 1.2% (down from 3.3% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 56% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to Rp306, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 19x in the Luxury industry in Indonesia. Total returns to shareholders of 175% over the past three years. New Risk • Aug 07
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (18% average weekly change). Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Market cap is less than US$100m (Rp483.7b market cap, or US$31.8m). Reported Earnings • Aug 04
Second quarter 2023 earnings released: EPS: US$0.001 (vs US$0.001 in 2Q 2022) Second quarter 2023 results: EPS: US$0.001 (in line with 2Q 2022). Revenue: US$28.8m (up 21% from 2Q 2022). Net income: US$763.6k (down 9.6% from 2Q 2022). Profit margin: 2.7% (down from 3.6% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to Rp220, the stock trades at a trailing P/E ratio of 4.3x. Average trailing P/E is 40x in the Luxury industry in Indonesia. Total returns to shareholders of 96% over the past three years. Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to Rp145, the stock trades at a trailing P/E ratio of 2.8x. Average trailing P/E is 60x in the Luxury industry in Indonesia. Total returns to shareholders of 9.0% over the past three years. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to Rp234, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 22x in the Luxury industry in Indonesia. Total returns to shareholders of 87% over the past three years. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to Rp256, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 14x in the Luxury industry in Indonesia. Total returns to shareholders of 103% over the past three years. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to Rp234, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 14x in the Luxury industry in Indonesia. Total returns to shareholders of 116% over the past three years. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to Rp294, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 16x in the Luxury industry in Indonesia. Total returns to shareholders of 141% over the past three years. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment deteriorated over the past week After last week's 29% share price decline to Rp372, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 17x in the Luxury industry in Indonesia. Total returns to shareholders of 174% over the past three years. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improved over the past week After last week's 34% share price gain to Rp340, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 16x in the Luxury industry in Indonesia. Total returns to shareholders of 143% over the past three years. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improved over the past week After last week's 23% share price gain to Rp224, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 21x in the Luxury industry in Indonesia. Total returns to shareholders of 65% over the past three years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Commissioner Tonny Poernomo was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment improved over the past week After last week's 17% share price gain to Rp210, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 12x in the Luxury industry in Indonesia. Total returns to shareholders of 53% over the past three years. 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. 2 highly experienced directors. 1 independent director (3 non-independent directors). Independent Commissioner Tonny Poernomo was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improved over the past week After last week's 18% share price gain to Rp226, the stock trades at a trailing P/E ratio of 66.2x. Average trailing P/E is 15x in the Luxury industry in Indonesia. Total returns to shareholders of 82% over the past three years. Is New 90 Day High Low • Feb 20
New 90-day low: Rp106 The company is down 18% from its price of Rp129 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 Luxury industry, which is down 2.0% over the same period. Is New 90 Day High Low • Feb 04
New 90-day low: Rp107 The company is down 5.0% from its price of Rp113 on 06 November 2020. The Indonesian market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is down 4.0% over the same period. Is New 90 Day High Low • Jan 20
New 90-day low: Rp111 The company is down 3.0% from its price of Rp114 on 23 October 2020. The Indonesian market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 8.0% over the same period. Valuation Update With 7 Day Price Move • Oct 27
Market bids up stock over the past week After last week's 19% share price gain to US$134, the stock is trading at a trailing P/E ratio of 13.6x, up from the previous P/E ratio of 11.4x. This compares to an average P/E of 13x in the Luxury industry in Indonesia. Total return to shareholders over the past three years is a loss of 3.6%. Is New 90 Day High Low • Oct 21
New 90-day low: Rp111 The company is down 7.0% from its price of Rp120 on 23 July 2020. The Indonesian market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 1.0% over the same period.