New Risk • Apr 30
New major risk - Revenue and earnings growth Earnings have declined by 1.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 1.9% per year over the past 5 years. High level of non-cash earnings (21% accrual ratio). Reported Earnings • Apr 30
First quarter 2026 earnings released: Rp4.31 loss per share (vs Rp5.42 loss in 1Q 2025) First quarter 2026 results: Rp4.31 loss per share (improved from Rp5.42 loss in 1Q 2025). Net loss: Rp6.84b (loss narrowed 20% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Apr 14
PT Yulie Sekuritas Indonesia Tbk announces Annual dividend, payable on May 13, 2026 PT Yulie Sekuritas Indonesia Tbk announced Annual dividend of IDR 10.0000 per share payable on May 13, 2026, ex-date on April 21, 2026 and record date on April 22, 2026. Announcement • Mar 03
PT Yulie Sekuritas Indonesia Tbk, Annual General Meeting, Apr 10, 2026 PT Yulie Sekuritas Indonesia Tbk, Annual General Meeting, Apr 10, 2026. Reported Earnings • Mar 02
Full year 2025 earnings released: EPS: Rp83.25 (vs Rp26.75 in FY 2024) Full year 2025 results: EPS: Rp83.25 (up from Rp26.75 in FY 2024). Revenue: Rp166.2b (up 136% from FY 2024). Net income: Rp132.1b (up 211% from FY 2024). Profit margin: 80% (up from 60% in FY 2024). The increase in margin was driven by higher revenue. 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 14% per year, which means it is significantly lagging earnings growth. New Risk • Jan 08
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: Rp84b (US$5.0m) This is considered a minor risk. Companies with a small amount of revenue 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. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 03
Third quarter 2025 earnings released: EPS: Rp8.04 (vs Rp13.01 in 3Q 2024) Third quarter 2025 results: EPS: Rp8.04 (down from Rp13.01 in 3Q 2024). Revenue: Rp20.5b (down 26% from 3Q 2024). Net income: Rp12.8b (down 38% from 3Q 2024). Profit margin: 62% (down from 75% in 3Q 2024). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Board Change • Oct 24
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. 6 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Independent Commissioner Lusy Miranda 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: Lack of independent directors. Insufficient board refreshment. Announcement • May 29
PT Yulie Sekuritas Indonesia Tbk announces Annual dividend, payable on June 26, 2025 PT Yulie Sekuritas Indonesia Tbk announced Annual dividend of IDR 8.0000 per share payable on June 26, 2025, ex-date on June 05, 2025 and record date on June 10, 2025. Announcement • Apr 16
PT Yulie Sekuritas Indonesia Tbk, Annual General Meeting, May 23, 2025 PT Yulie Sekuritas Indonesia Tbk, Annual General Meeting, May 23, 2025. Location: jakarta Indonesia Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: Rp12.99 (vs Rp2.48 loss in 3Q 2023) Third quarter 2024 results: EPS: Rp12.99 (up from Rp2.48 loss in 3Q 2023). Revenue: Rp27.8b (up Rp27.2b from 3Q 2023). Net income: Rp20.7b (up Rp24.5b from 3Q 2023). Profit margin: 74% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 45% per year, which means it is well ahead of earnings. New Risk • Aug 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risks Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Revenue is less than US$5m (Rp58b revenue, or US$3.6m). Reported Earnings • Aug 01
First half 2024 earnings released: Rp7.30 loss per share (vs Rp12.93 loss in 1H 2023) First half 2024 results: Rp7.30 loss per share (improved from Rp12.93 loss in 1H 2023). Net loss: Rp11.6b (loss narrowed 42% from 1H 2023). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 77% per year, which means it is well ahead of earnings. Announcement • May 11
PT Yulie Sekuritas Indonesia Tbk, Annual General Meeting, May 31, 2024 PT Yulie Sekuritas Indonesia Tbk, Annual General Meeting, May 31, 2024. Location: plaza mutiara lantai 3 jl. dr. ide anak agung gde, agung, kav e.1.2. 1&2 , rt.5/rw.2, kuningan, kuningan tim., kecamatan setiabudi, kota jakarta, selatan kota adm. jakarta selatan dki., jakarta Indonesia New Risk • Apr 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Shareholders have been diluted in the past year (3.4% increase in shares outstanding). Revenue is less than US$5m (Rp49b revenue, or US$3.1m). Reported Earnings • Mar 30
Full year 2023 earnings released: EPS: Rp17.20 (vs Rp36.31 in FY 2022) Full year 2023 results: EPS: Rp17.20 (down from Rp36.31 in FY 2022). Revenue: Rp49.9b (down 33% from FY 2022). Net income: Rp27.1b (down 52% from FY 2022). Profit margin: 54% (down from 75% in FY 2022). The decrease in margin was primarily 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 increased by 82% per year, which means it is well ahead of earnings. Board Change • Dec 22
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. 5 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Independent Commissioner Lusy Miranda 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: Lack of independent directors. Insufficient board refreshment. New Risk • Dec 08
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: 25% Last year net profit margin: 53% 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 Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (25% net profit margin). Revenue is less than US$5m (Rp35b revenue, or US$2.2m). Board Change • Oct 04
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. 5 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Independent Commissioner Lusy Miranda 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: Lack of independent directors. Insufficient board refreshment. New Risk • Aug 01
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: Rp50b (US$3.3m) This is considered a minor risk. Companies with a small amount of revenue 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: Minor Risks Large one-off items impacting financial results. Revenue is less than US$5m (Rp50b revenue, or US$3.3m). Reported Earnings • Jul 31
Second quarter 2023 earnings released: Rp1.05 loss per share (vs Rp19.91 profit in 2Q 2022) Second quarter 2023 results: Rp1.05 loss per share (down from Rp19.91 profit in 2Q 2022). Revenue: Rp4.78b (down 86% from 2Q 2022). Net loss: Rp1.62b (down 105% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 131% per year, which means it is tracking significantly ahead of earnings growth. Board Change • May 05
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. 5 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Independent Commissioner Lusy Miranda 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: Lack of independent directors. Insufficient board refreshment. Board Change • Mar 08
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. 5 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Independent Commissioner Lusy Miranda 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: Lack of independent directors. Insufficient board refreshment. 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. 5 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Independent Commissioner Lucy Miranda 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: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: Rp7.31 (vs Rp13.99 loss in 3Q 2021) Third quarter 2022 results: EPS: Rp7.31 (up from Rp13.99 loss in 3Q 2021). Net income: Rp11.3b (up Rp32.2b from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 122% per year, which means it is tracking significantly ahead of earnings growth. 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. 5 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Independent Commissioner Lucy Miranda 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: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 27% share price gain to Rp1,410, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 35x in the Capital Markets industry in Indonesia. Total returns to shareholders of 584% over the past three years. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improved over the past week After last week's 20% share price gain to Rp1,100, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 29x in the Capital Markets industry in Indonesia. Total returns to shareholders of 400% over the past three years. Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment improved over the past week After last week's 18% share price gain to Rp1,025, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 24x in the Capital Markets industry in Indonesia. Total returns to shareholders of 479% over the past three years. Reported Earnings • Nov 03
Third quarter 2021 earnings released: Rp13.99 loss per share (vs Rp0.074 loss in 3Q 2020) Third quarter 2021 results: Revenue: -Rp20.9b (down 1,393% from 3Q 2020). Net loss: Rp21.0b (loss widened Rp20.9b from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 63% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 01
Investor sentiment improved over the past week After last week's 36% share price gain to Rp810, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 32x in the Capital Markets industry in Indonesia. Total returns to shareholders of 331% over the past three years. Reported Earnings • Sep 03
Second quarter 2021 earnings released: EPS Rp38.00 (vs Rp0.28 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: Rp64.0b (up Rp62.7b from 2Q 2020). Net income: Rp57.0b (up Rp56.6b from 2Q 2020). Profit margin: 89% (up from 28% 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 82% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 39% share price gain to Rp620, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 32x in the Capital Markets industry in Indonesia. Total returns to shareholders of 226% over the past three years. Reported Earnings • May 22
First quarter 2021 earnings released: EPS Rp28.46 (vs Rp40.55 loss in 1Q 2020) The company reported a soft first quarter result with weaker revenues and profit margins, although earnings were improved. First quarter 2021 results: Revenue: Rp43.1b (down 168% from 1Q 2020). Net income: Rp42.7b (up Rp107.6b from 1Q 2020). Profit margin: 99% (down from 102% in 1Q 2020). The decrease in margin was driven by lower revenue. Is New 90 Day High Low • Feb 01
New 90-day high: Rp430 The company is up 79% from its price of Rp240 on 02 November 2020. The Indonesian market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 17% over the same period. Is New 90 Day High Low • Jan 08
New 90-day high: Rp420 The company is up 68% from its price of Rp250 on 02 October 2020. The Indonesian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 11% over the same period. Is New 90 Day High Low • Nov 16
New 90-day high: Rp328 The company is up 71% from its price of Rp192 on 12 August 2020. The Indonesian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 6.0% over the same period. Is New 90 Day High Low • Sep 29
New 90-day high: Rp240 The company is up 43% from its price of Rp168 on 01 July 2020. The Indonesian market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is down 4.0% over the same period.