Reported Earnings • May 05
First quarter 2026 earnings released: EPS: US$0 (vs US$0.004 in 1Q 2025) First quarter 2026 results: EPS: US$0 (down from US$0.004 in 1Q 2025). Revenue: US$57.1m (up 10% from 1Q 2025). Net loss: US$1.67m (down 102% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 10% per year. Announcement • Apr 29
PT Pan Brothers Tbk, Annual General Meeting, Jun 05, 2026 PT Pan Brothers Tbk, Annual General Meeting, Jun 05, 2026. New Risk • Apr 09
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 175% 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: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (Rp816.3b market cap, or US$48.2m). Reported Earnings • Apr 04
Full year 2025 earnings released: EPS: US$0.001 (vs US$0.021 loss in FY 2024) Full year 2025 results: EPS: US$0.001 (up from US$0.021 loss in FY 2024). Revenue: US$273.3m (down 15% from FY 2024). Net income: US$26.2m (up US$474.5m from FY 2024). Profit margin: 9.6% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. New Risk • Feb 24
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 14% 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 Risks Debt is not well covered by operating cash flow (9.6% operating cash flow to total debt). High level of non-cash earnings (42% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (Rp1.22t market cap, or US$72.2m). 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$82.2m (down 6.1% from 3Q 2024). Net loss: US$671.7k (loss narrowed 91% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 40% per year, which means it has not declined as severely as earnings. Board Change • Oct 24
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. 4 non-independent directors. Independent Commissioner Gita Sjahrir was the last independent director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 12
PT Pan Brothers Tbk, Annual General Meeting, Jun 19, 2025 PT Pan Brothers Tbk, Annual General Meeting, Jun 19, 2025. Announcement • May 25
PT Pan Brothers Tbk, Annual General Meeting, Jun 28, 2024 PT Pan Brothers Tbk, Annual General Meeting, Jun 28, 2024. Reported Earnings • Apr 28
Full year 2023 earnings released: EPS: US$0 (vs US$0.001 in FY 2022) Full year 2023 results: EPS: US$0 (down from US$0.001 in FY 2022). Revenue: US$581.6m (down 16% from FY 2022). Net loss: US$1.22m (down 133% from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 36 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 03
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$168.1m (down 18% from 3Q 2022). Net loss: US$3.83m (down 140% from profit in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 31 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 02
Second quarter 2023 earnings released: EPS: US$0 (vs US$0 in 2Q 2022) Second quarter 2023 results: EPS: US$0 (in line with 2Q 2022). Revenue: US$153.4m (down 9.1% from 2Q 2022). Net income: US$5.13m (up US$5.39m from 2Q 2022). Profit margin: 3.3% (up from net loss in 2Q 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 41% per year, which means it has not declined as severely as earnings. Reported Earnings • May 06
First quarter 2023 earnings released: EPS: US$0 (vs US$0.001 in 1Q 2022) First quarter 2023 results: EPS: US$0 (down from US$0.001 in 1Q 2022). Revenue: US$110.0m (down 14% from 1Q 2022). Net income: US$1.16m (down 68% from 1Q 2022). Profit margin: 1.1% (down from 2.9% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to Rp70.00, the stock trades at a trailing P/E ratio of 3x. Average trailing P/E is 16x in the Luxury industry in Indonesia. Total loss to shareholders of 65% 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 28% share price decline to Rp76.00, the stock trades at a trailing P/E ratio of 3.3x. Average trailing P/E is 17x in the Luxury industry in Indonesia. Total loss to shareholders of 73% over the past three years. 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. 3 experienced directors. 4 highly experienced directors. No independent directors (4 non-independent directors). Independent Vice President Commissioner Supandi Siswanto 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. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improved over the past week After last week's 23% share price gain to Rp90.00, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 13x in the Luxury industry in Indonesia. Total loss to shareholders of 88% over the past three years. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment deteriorated over the past week After last week's 17% share price decline to Rp102, the stock trades at a trailing P/E ratio of 2.5x. Average trailing P/E is 8x in the Luxury industry in Indonesia. Total loss to shareholders of 86% over the past three years. Reported Earnings • Jun 09
First quarter 2022 earnings released: EPS: US$0.001 (vs US$0 in 1Q 2021) First quarter 2022 results: EPS: US$0.001 (up from US$0 in 1Q 2021). Revenue: US$127.2m (flat on 1Q 2021). Net income: US$3.64m (up 64% from 1Q 2021). Profit margin: 2.9% (up from 1.8% in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 36% per year, which means it is performing significantly worse than earnings. 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. 1 experienced director. 6 highly experienced directors. No independent directors (4 non-independent directors). Independent President Commissioner Supandi Siswanto 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. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improved over the past week After last week's 16% share price gain to Rp158, the stock trades at a trailing P/E ratio of 3x. Average trailing P/E is 17x in the Luxury industry in Indonesia. Total loss to shareholders of 70% over the past three years. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improved over the past week After last week's 26% share price gain to Rp187, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 24x in the Luxury industry in Indonesia. Total loss to shareholders of 66% over the past three years. Reported Earnings • Sep 05
Second quarter 2021 earnings released: EPS US$0.001 (vs US$0.002 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and revenues, although profit margins were improved. Second quarter 2021 results: Revenue: US$174.6m (down 15% from 2Q 2020). Net income: US$9.47m (down 5.1% from 2Q 2020). Profit margin: 5.4% (up from 4.9% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improved over the past week After last week's 46% share price gain to US$174, the stock trades at a trailing P/E ratio of 3.3x. Average trailing P/E is 7x in the Luxury industry in Indonesia. Total loss to shareholders of 68% over the past three years. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment deteriorated over the past week After last week's 18% share price decline to US$124, the stock trades at a trailing P/E ratio of 2.4x. Average trailing P/E is 8x in the Luxury industry in Indonesia. Total loss to shareholders of 76% over the past three years. Reported Earnings • May 13
Full year 2020 earnings released: EPS US$0.004 (vs US$0.003 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$684.9m (up 3.0% from FY 2019). Net income: US$23.7m (up 17% from FY 2019). Profit margin: 3.5% (up from 3.0% 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 33% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment improved over the past week After last week's 18% share price gain to US$184, the stock trades at a trailing P/E ratio of 3.3x. Average trailing P/E is 48x in the Luxury industry in Indonesia. Total loss to shareholders of 60% over the past three years. Is New 90 Day High Low • Feb 11
New 90-day low: Rp188 The company is down 22% from its price of Rp242 on 13 November 2020. The Indonesian market is up 12% 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. Is New 90 Day High Low • Jan 26
New 90-day low: Rp210 The company is down 4.0% from its price of Rp218 on 27 October 2020. The Indonesian market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 4.0% over the same period. Is New 90 Day High Low • Dec 08
New 90-day high: Rp260 The company is up 6.0% from its price of Rp246 on 09 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 Luxury industry, which is up 10.0% over the same period. Valuation Update With 7 Day Price Move • Dec 08
Market bids up stock over the past week After last week's 18% share price gain to US$260, the stock is trading at a trailing P/E ratio of 4.7x, up from the previous P/E ratio of 4x. This compares to an average P/E of 43x in the Luxury industry in Indonesia. Total return to shareholders over the past three years is a loss of 46%. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of US$25.3m, up 12% from the prior year. Total revenue was US$697.0m over the last 12 months, up 6.2% from the prior year.