Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to Rp1,125, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 6x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 411% over the past three years. New Risk • May 22
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 16% 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 Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risk Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • May 21
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to Rp1,220, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 7x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 481% over the past three years. Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to Rp1,700, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 9x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 687% over the past three years. Announcement • Apr 30
PT Energi Mega Persada Tbk, Annual General Meeting, Jun 05, 2026 PT Energi Mega Persada Tbk, Annual General Meeting, Jun 05, 2026. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to Rp1,835, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 8x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 665% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp3,557 per share. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to Rp1,630, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 9x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 609% over the past three years. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to Rp1,825, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 9x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 667% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp3,520 per share. New Risk • Mar 03
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% 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: Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Large one-off items impacting financial results. Reported Earnings • Mar 01
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: US$0.003 (in line with FY 2024). Revenue: US$498.1m (up 6.6% from FY 2024). Net income: US$91.5m (up 21% from FY 2024). Profit margin: 18% (up from 16% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 9.8%. Earnings per share (EPS) also missed analyst estimates by 3.7%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Oil and Gas industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 91% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to Rp1,400, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 10x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 373% over the past three years. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to Rp1,210, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 9x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 380% over the past three years. Price Target Changed • Dec 18
Price target increased by 44% to Rp1,710 Up from Rp1,188, the current price target is an average from 2 analysts. New target price is 20% above last closing price of Rp1,425. Stock is up 536% over the past year. The company is forecast to post earnings per share of US$0.0037 for next year compared to US$0.003 last year. New Risk • Dec 09
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 13% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to Rp1,195, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 9x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 260% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp2,212 per share. Announcement • Nov 27
PT Energi Mega Persada Tbk (IDX:ENRG) acquired remaining 25% stake in Kangean Energy Indonesia Ltd. from Japan Petroleum Exploration Co., Ltd. (TSE:1662). PT Energi Mega Persada Tbk (IDX:ENRG) acquired remaining 25% stake in Kangean Energy Indonesia Ltd. from Japan Petroleum Exploration Co., Ltd. (TSE:1662) on November 25, 2025. PT Energi Mega Persada Tbk is holds 100% of Kangean Energy Indonesia Ltd. and it will operate the block through its subsidiary.
PT Energi Mega Persada Tbk (IDX:ENRG) completed the acquisition of remaining 25% stake in Kangean Energy Indonesia Ltd. from Japan Petroleum Exploration Co., Ltd. (TSE:1662) on November 25, 2025. New Risk • Oct 31
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 95% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: US$0.001 (vs US$0.001 in 3Q 2024) Third quarter 2025 results: EPS: US$0.001 (in line with 3Q 2024). Revenue: US$122.3m (up 3.8% from 3Q 2024). Net income: US$19.9m (up 12% from 3Q 2024). Profit margin: 16% (up from 15% in 3Q 2024). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Oil and Gas industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Oct 24
Price target increased by 213% to Rp1,188 Up from Rp380, the current price target is an average from 2 analysts. New target price is 30% above last closing price of Rp915. Stock is up 234% over the past year. The company is forecast to post earnings per share of US$0.0037 for next year compared to US$0.003 last year. Announcement • May 21
PT Energi Mega Persada Tbk, Annual General Meeting, Jun 26, 2025 PT Energi Mega Persada Tbk, Annual General Meeting, Jun 26, 2025. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to Rp240, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 8x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 102% over the past three years. Reported Earnings • Nov 03
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: US$117.8m (up 12% from 3Q 2023). Net income: US$17.7m (down 7.2% from 3Q 2023). Profit margin: 15% (down from 18% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to Rp304, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 6x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 149% over the past three years. Reported Earnings • Aug 03
Second quarter 2024 earnings released: EPS: US$0.002 (vs US$0 in 2Q 2023) Second quarter 2024 results: EPS: US$0.002 (up from US$0 in 2Q 2023). Revenue: US$104.6m (up 18% from 2Q 2023). Net income: US$15.9m (up 75% from 2Q 2023). Profit margin: 15% (up from 10% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 2.1% decline forecast for the Oil and Gas industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to Rp226, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 74% over the past three years. Announcement • May 23
PT Energi Mega Persada Tbk, Annual General Meeting, Jun 26, 2024 PT Energi Mega Persada Tbk, Annual General Meeting, Jun 26, 2024. Reported Earnings • May 05
First quarter 2024 earnings released: EPS: US$0.001 (vs US$0.001 in 1Q 2023) First quarter 2024 results: EPS: US$0.001 (in line with 1Q 2023). Revenue: US$97.3m (down 5.1% from 1Q 2023). Net income: US$17.7m (up 1.0% from 1Q 2023). Profit margin: 18% (up from 17% in 1Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 2.2% decline forecast for the Oil and Gas industry in Indonesia. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. New Risk • Apr 07
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 42% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 03
Full year 2023 earnings: Revenues miss analyst expectations Full year 2023 results: Revenue: US$420.8m (down 6.9% from FY 2022). Net income: US$68.4m (up 2.5% from FY 2022). Profit margin: 16% (up from 15% in FY 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.5%. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 3.5% decline forecast for the Oil and Gas industry in Indonesia. Reported Earnings • Nov 10
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: US$104.9m (down 7.8% from 3Q 2022). Net income: US$19.1m (up 4.5% from 3Q 2022). Profit margin: 18% (up from 16% in 3Q 2022). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.4% decline forecast for the Oil and Gas industry in Indonesia. Buying Opportunity • Nov 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be Rp271, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has declined by 23%. Revenue is forecast to grow by 20% in 2 years. Earnings is forecast to grow by 8.6% in the next 2 years. New Risk • Aug 04
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 250% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 02
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: US$88.9m (down 24% from 2Q 2022). Net income: US$9.07m (down 42% from 2Q 2022). Profit margin: 10% (down from 13% in 2Q 2022). 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 increased by 65% per year, which means it is well ahead of earnings. Announcement • Jul 06
PT Energi Mega Persada Tbk (IDX:ENRG) acquired PT Sulawesi Regas Satu from PT GTS Internasional Tbk (IDX:GTSI). PT Energi Mega Persada Tbk (IDX:ENRG) acquired PT Sulawesi Regas Satu from PT GTS Internasional Tbk (IDX:GTSI) on July 5, 2023.PT Energi Mega Persada Tbk (IDX:ENRG) completed the acquisition of PT Sulawesi Regas Satu from PT GTS Internasional Tbk (IDX:GTSI) on July 5, 2023. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to Rp302, the stock trades at a forward P/E ratio of 1x. Average forward P/E is 4x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 504% over the past three years. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment deteriorated over the past week After last week's 17% share price decline to Rp290, the stock trades at a forward P/E ratio of 1x. Average forward P/E is 4x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 480% over the past three years. Board Change • Nov 16
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. 3 non-independent directors. Independent Commissioner Syamsu Alam was the last independent director to join the board, commencing their role in 2019. The company's lack 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 22% share price gain to Rp344, the stock trades at a trailing P/E ratio of 10.3x. Average forward P/E is 4x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 504% over the past three years. Reported Earnings • Sep 06
Second quarter 2022 earnings released: EPS: US$0.001 (vs US$0.001 in 2Q 2021) Second quarter 2022 results: EPS: US$0.001 (in line with 2Q 2021). Revenue: US$117.6m (up 37% from 2Q 2021). Net income: US$15.6m (up 132% from 2Q 2021). Profit margin: 13% (up from 7.8% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 70% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment deteriorated over the past week After last week's 20% share price decline to Rp222, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 9x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 319% over the past three years. Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment improved over the past week After last week's 32% share price gain to Rp290, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 9x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 427% over the past three years. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorated over the past week After last week's 15% share price decline to Rp246, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 9x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 310% over the past three years. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improved over the past week After last week's 24% share price gain to Rp292, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 11x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 412% over the past three years. Reported Earnings • Jun 05
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: US$0. Revenue: US$112.6m (up 40% from 1Q 2021). Net income: US$10.3m (up 67% from 1Q 2021). Profit margin: 9.1% (up from 7.7% in 1Q 2021). Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates. Valuation Update With 7 Day Price Move • May 09
Investor sentiment improved over the past week After last week's 16% share price gain to Rp230, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 9x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 297% over the past three years. Board Change • Apr 27
No independent directors There are 3 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: 3 new directors. 3 experienced directors. 2 highly experienced directors. No independent directors (3 non-independent directors). President Commissioner Suyitno Patmosukismo is the most experienced director on the board, commencing their role in 2004. Independent Commissioner Syamsu Alam 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: Lack of independent directors. Lack of experienced directors. Reported Earnings • Apr 13
Full year 2021 earnings: Revenues exceed analyst expectations Full year 2021 results: Revenue: US$406.1m (up 25% from FY 2020). Net income: US$40.3m (down 25% from FY 2020). Profit margin: 9.9% (down from 17% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 11%. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorated over the past week After last week's 16% share price decline to Rp149, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 11x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 122% over the past three years. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improved over the past week After last week's 30% share price gain to Rp148, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 10x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 54% over the past three years. Reported Earnings • Sep 05
Second quarter 2021 earnings released: EPS US$0.001 (vs US$0.001 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: US$86.1m (up 24% from 2Q 2020). Net income: US$6.69m (down 54% from 2Q 2020). Profit margin: 7.8% (down from 21% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment improved over the past week After last week's 25% share price gain to US$132, the stock trades at a trailing P/E ratio of 2x. Average trailing P/E is 13x in the Oil and Gas industry in Indonesia. Total loss to shareholders of 1.5% over the past three years. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment improved over the past week After last week's 18% share price gain to US$162, the stock is trading at a trailing P/E ratio of 2x, up from the previous P/E ratio of 1.7x. This compares to an average P/E of 16x in the Oil and Gas industry in Indonesia. Total return to shareholders over the past three years is a loss of 1.8%. Is New 90 Day High Low • Jan 13
New 90-day high: Rp162 The company is up 218% from its price of Rp51.00 on 16 October 2020. The Indonesian market is up 25% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 31% over the same period. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 18% share price gain to US$140, the stock is trading at a trailing P/E ratio of 3.6x, up from the previous P/E ratio of 3x. This compares to an average P/E of 16x in the Oil and Gas industry in Indonesia. Total returns to shareholders over the past three years are 46%. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 16% share price gain to US$129, the stock is trading at a trailing P/E ratio of 3.3x, up from the previous P/E ratio of 2.8x. This compares to an average P/E of 16x in the Oil and Gas industry in Indonesia. Total returns to shareholders over the past three years are 34%. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment improved over the past week After last week's 24% share price gain to US$117, the stock is trading at a trailing P/E ratio of 3x, up from the previous P/E ratio of 2.4x. This compares to an average P/E of 17x in the Oil and Gas industry in Indonesia. Total returns to shareholders over the past three years are 33%. Is New 90 Day High Low • Dec 17
New 90-day high: Rp117 The company is up 109% from its price of Rp56.00 on 18 September 2020. The Indonesian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 29% over the same period. Valuation Update With 7 Day Price Move • Dec 04
Market bids up stock over the past week After last week's 19% share price gain to US$96.00, the stock is trading at a trailing P/E ratio of 2.4x, up from the previous P/E ratio of 2.1x. This compares to an average P/E of 17x in the Oil and Gas industry in Indonesia. Total returns to shareholders over the past three years are 9.1%. Valuation Update With 7 Day Price Move • Nov 25
Market bids up stock over the past week After last week's 50% share price gain to US$87.00, the stock is trading at a trailing P/E ratio of 2.2x, up from the previous P/E ratio of 1.5x. This compares to an average P/E of 13x in the Oil and Gas industry in Indonesia. Total return to shareholders over the past three years is a loss of 13%. Is New 90 Day High Low • Nov 24
New 90-day high: Rp70.00 The company is up 37% from its price of Rp51.00 on 26 August 2020. The Indonesian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is flat over the same period.