Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to Rp189, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 9x in the Energy Services industry in Indonesia. Negligible returns to shareholders over past three years. Announcement • May 22
PT Radiant Utama Interinsco Tbk, Annual General Meeting, Jun 29, 2026 PT Radiant Utama Interinsco Tbk, Annual General Meeting, Jun 29, 2026. Valuation Update With 7 Day Price Move • May 21
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to Rp172, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 10x in the Energy Services industry in Indonesia. Total loss to shareholders of 6.8% over the past three years. New Risk • May 04
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: Rp172.5b (US$9.83m) 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 (1.7x net interest cover). Earnings have declined by 18% per year over the past 5 years. Market cap is less than US$10m (Rp172.5b market cap, or US$9.83m). Reported Earnings • Apr 04
Full year 2025 earnings released: EPS: Rp17.85 (vs Rp17.29 in FY 2024) Full year 2025 results: EPS: Rp17.85 (up from Rp17.29 in FY 2024). Revenue: Rp2.05t (down 4.2% from FY 2024). Net income: Rp13.7b (up 3.3% from FY 2024). Profit margin: 0.7% (up from 0.6% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. New Risk • Mar 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: Rp163.2b (US$9.63m) 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 (1.4x net interest cover). Earnings have declined by 21% per year over the past 5 years. Market cap is less than US$10m (Rp163.2b market cap, or US$9.63m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). New Risk • Mar 02
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 Interest payments are not well covered by earnings (1.4x net interest cover). Earnings have declined by 21% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (Rp238.7b market cap, or US$14.1m). Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to Rp310, the stock trades at a trailing P/E ratio of 15.7x. Average trailing P/E is 21x in the Energy Services industry in Indonesia. Total returns to shareholders of 58% over the past three years. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to Rp242, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 22x in the Energy Services industry in Indonesia. Total returns to shareholders of 24% over the past three years. Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to Rp254, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 21x in the Energy Services industry in Indonesia. Total loss to shareholders of 16% over the past three years. New Risk • Nov 05
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Earnings have declined by 21% per year over the past 5 years. Market cap is less than US$10m (Rp151.7b market cap, or US$9.10m). Reported Earnings • Nov 05
Third quarter 2025 earnings released: EPS: Rp3.36 (vs Rp2.75 in 3Q 2024) Third quarter 2025 results: EPS: Rp3.36 (up from Rp2.75 in 3Q 2024). Revenue: Rp529.7b (down 3.5% from 3Q 2024). Net income: Rp2.58b (up 22% from 3Q 2024). Profit margin: 0.5% (up from 0.4% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Board Change • Oct 24
No independent directors There are 4 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: 4 new directors. 2 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). President Commissioner Amira Ganis is the most experienced director on the board, commencing their role in 2022. Independent Commissioner Nino Kusmedi was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Announcement • May 21
PT Radiant Utama Interinsco Tbk, Annual General Meeting, Jun 26, 2025 PT Radiant Utama Interinsco Tbk, Annual General Meeting, Jun 26, 2025. New Risk • Nov 04
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: 0.5% Last year net profit margin: 0.7% 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: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Earnings have declined by 21% per year over the past 5 years. Market cap is less than US$10m (Rp137.8b market cap, or US$8.82m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (0.5% net profit margin). Reported Earnings • Aug 03
Second quarter 2024 earnings released: EPS: Rp1.68 (vs Rp5.47 in 2Q 2023) Second quarter 2024 results: EPS: Rp1.68 (down from Rp5.47 in 2Q 2023). Revenue: Rp537.4b (up 23% from 2Q 2023). Net income: Rp1.29b (down 69% from 2Q 2023). Profit margin: 0.2% (down from 1.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 18% 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. Buy Or Sell Opportunity • May 27
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to Rp169. The fair value is estimated to be Rp212, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has declined by 26%. Buy Or Sell Opportunity • May 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to Rp167. The fair value is estimated to be Rp212, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has declined by 26%. Reported Earnings • May 04
First quarter 2024 earnings released: EPS: Rp6.85 (vs Rp6.50 in 1Q 2023) First quarter 2024 results: EPS: Rp6.85 (up from Rp6.50 in 1Q 2023). Revenue: Rp501.6b (up 27% from 1Q 2023). Net income: Rp5.27b (up 5.3% from 1Q 2023). Profit margin: 1.1% (down from 1.3% in 1Q 2023). The decrease in margin was driven by higher expenses. 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 10% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 03
Full year 2023 earnings released: EPS: Rp18.43 (vs Rp26.12 in FY 2022) Full year 2023 results: EPS: Rp18.43 (down from Rp26.12 in FY 2022). Revenue: Rp1.78t (up 4.3% from FY 2022). Net income: Rp14.2b (down 30% from FY 2022). Profit margin: 0.8% (down from 1.2% in FY 2022). The decrease in margin was driven by higher expenses. 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 14% per year, which means it has not declined as severely as earnings. New Risk • Dec 05
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: Rp149.4b (US$9.64m) 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). Earnings have declined by 13% per year over the past 5 years. Market cap is less than US$10m (Rp149.4b market cap, or US$9.64m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (13% average weekly change). Profit margins are more than 30% lower than last year (0.7% net profit margin). New Risk • Nov 10
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 13% 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 (1.6x net interest cover). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 13% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (Rp178.6b market cap, or US$11.4m). Reported Earnings • Nov 04
Third quarter 2023 earnings released: EPS: Rp4.52 (vs Rp5.49 in 3Q 2022) Third quarter 2023 results: EPS: Rp4.52 (down from Rp5.49 in 3Q 2022). Revenue: Rp467.1b (up 7.0% from 3Q 2022). Net income: Rp3.48b (down 18% from 3Q 2022). Profit margin: 0.7% (down from 1.0% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 28% 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 • Nov 03
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to Rp242, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 16x in the Energy Services industry in Asia. Total loss to shareholders of 20% over the past three years. Valuation Update With 7 Day Price Move • Oct 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to Rp310, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 17x in the Energy Services industry in Asia. Total returns to shareholders of 50% over the past three years. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to Rp222, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 17x in the Energy Services industry in Asia. Total loss to shareholders of 8.5% over the past three years. New Risk • Aug 02
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: 0.8% Last year net profit margin: 1.3% 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: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Earnings have declined by 9.9% per year over the past 5 years. Market cap is less than US$10m (Rp147.8b market cap, or US$9.75m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (0.8% net profit margin). Reported Earnings • Aug 01
Second quarter 2023 earnings released: EPS: Rp5.48 (vs Rp6.51 in 2Q 2022) Second quarter 2023 results: EPS: Rp5.48 (down from Rp6.51 in 2Q 2022). Revenue: Rp436.8b (up 5.2% from 2Q 2022). Net income: Rp4.21b (down 16% from 2Q 2022). Profit margin: 1.0% (down from 1.2% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Reported Earnings • May 06
First quarter 2023 earnings released: EPS: Rp6.50 (vs Rp13.91 in 1Q 2022) First quarter 2023 results: EPS: Rp6.50 (down from Rp13.91 in 1Q 2022). Revenue: Rp396.2b (down 3.2% from 1Q 2022). Net income: Rp5.01b (down 53% from 1Q 2022). Profit margin: 1.3% (down from 2.6% 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 21% 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. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improved over the past week After last week's 38% share price gain to Rp308, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 17x in the Energy Services industry in Asia. Total returns to shareholders of 43% over the past three years. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improved over the past week After last week's 24% share price gain to Rp252, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 17x in the Energy Services industry in Asia. Total returns to shareholders of 11% over the past three years. Board Change • Nov 16
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. 2 highly experienced directors. No independent directors (3 non-independent directors). President Director & CEO Sofwan Farisyi is the most experienced director on the board, commencing their role in 2002. Independent Commissioner Winarno Zain was the last independent director to join the board, commencing their role in 2006. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment improved over the past week After last week's 17% share price gain to Rp270, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 22x in the Energy Services industry in Asia. Total returns to shareholders of 20% over the past three years. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improved over the past week After last week's 19% share price gain to Rp242, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 22x in the Energy Services industry in Asia. Total returns to shareholders of 11% over the past three years. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improved over the past week After last week's 18% share price gain to Rp208, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 23x in the Energy Services industry in Indonesia. Total loss to shareholders of 5.0% over the past three years. Reported Earnings • Apr 27
Full year 2021 earnings released: EPS: Rp23.81 (vs Rp35.77 in FY 2020) Full year 2021 results: EPS: Rp23.81 (down from Rp35.77 in FY 2020). Revenue: Rp1.65t (up 1.8% from FY 2020). Net income: Rp18.3b (down 33% from FY 2020). Profit margin: 1.1% (down from 1.7% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year and the company’s share price has also fallen by 9% per year. Board Change • Apr 27
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 Winarno Zain was the last independent director to join the board, commencing their role in 2006. 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 • Mar 30
Investor sentiment improved over the past week After last week's 21% share price gain to Rp286, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 18x in the Energy Services industry in Asia. Total returns to shareholders of 29% over the past three years. Is New 90 Day High Low • Feb 04
New 90-day low: Rp218 The company is down 32% from its price of Rp320 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 Energy Services industry, which is up 30% over the same period. Is New 90 Day High Low • Jan 18
New 90-day low: Rp268 The company is down 16% from its price of Rp320 on 21 October 2020. The Indonesian market is up 24% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is up 43% over the same period. Reported Earnings • Nov 08
Third quarter 2020 earnings released: EPS Rp5.39 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: Rp372.2b (down 10% from 3Q 2019). Net income: Rp4.15b (down 46% from 3Q 2019). Profit margin: 1.1% (down from 1.8% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 18% 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 17
Market bids up stock over the past week After last week's 18% share price gain to Rp270, the stock is trading at a trailing P/E ratio of 5.5x, up from the previous P/E ratio of 4.6x. This compares to an average P/E of 14x in the Energy Services industry in Asia. Total returns to shareholders over the past three years are 32%.