Reported Earnings • Jul 31
First quarter 2026 earnings released: EPS: Rp88.00 (vs Rp68.36 in 1Q 2025) First quarter 2026 results: EPS: Rp88.00 (up from Rp68.36 in 1Q 2025). Revenue: Rp4.53t (down 22% from 1Q 2025). Net income: Rp559.4b (up 28% from 1Q 2025). Profit margin: 12% (up from 7.5% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 02
Full year 2025 earnings released Full year 2025 results: Revenue: Rp36t (up 35% from FY 2024). Net income: Rp2.05t (up 143% from FY 2024). Profit margin: 5.6% (up from 3.1% in FY 2024). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to Rp20,975, the stock trades at a trailing P/E ratio of 44.5x. Average trailing P/E is 13x in the Insurance industry in Indonesia. Total returns to shareholders of 64% over the past three years. New Risk • May 20
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. This is currently the only risk that has been identified for the company. Announcement • May 20
PT Sinar Mas Multiartha Tbk, Annual General Meeting, Jun 25, 2026 PT Sinar Mas Multiartha Tbk, Annual General Meeting, Jun 25, 2026. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to Rp16,350, the stock trades at a trailing P/E ratio of 34.7x. Average trailing P/E is 15x in the Insurance industry in Indonesia. Total returns to shareholders of 29% over the past three years. Board Change • Oct 24
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 3 highly experienced directors. 1 independent director (6 non-independent directors). Independent Commissioner Ketut Sanjaya was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • May 10
PT Sinar Mas Multiartha Tbk, Annual General Meeting, Jun 19, 2025 PT Sinar Mas Multiartha Tbk, Annual General Meeting, Jun 19, 2025. New Risk • Nov 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 36% per year over the past 5 years. Minor Risk Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Reported Earnings • Aug 06
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: Rp6.35t (up 36% from 2Q 2023). Net income: Rp209.0b (down 3.7% from 2Q 2023). Profit margin: 3.3% (down from 4.6% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 13% per year. Reported Earnings • Apr 01
Full year 2023 earnings released: EPS: Rp184 (vs Rp133 in FY 2022) Full year 2023 results: EPS: Rp184 (up from Rp133 in FY 2022). Revenue: Rp27t (down 16% from FY 2022). Net income: Rp1.17t (up 38% from FY 2022). Profit margin: 4.4% (up from 2.7% in FY 2022). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to Rp14,675, the stock trades at a trailing P/E ratio of 74.1x. Average trailing P/E is 22x in the Insurance industry in Indonesia. Total returns to shareholders of 25% over the past three years. Board Change • Jan 23
Less than half of directors are independent There are 6 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: 6 new directors. No experienced directors. 4 highly experienced directors. 1 independent director (4 non-independent directors). Commissioner Howen Widjaja is the most experienced director on the board, commencing their role in 2010. Independent Commissioner Ketut Sanjaya was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Jan 08
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: Rp7.81t (down 16% from 3Q 2022). Net income: Rp926.9b (up 21% from 3Q 2022). Profit margin: 12% (up from 8.3% in 3Q 2022). New Risk • Dec 08
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 9.6% 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 Risk Earnings have declined by 29% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.6% average weekly change). Board Change • Dec 05
Less than half of directors are independent There are 6 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: 6 new directors. No experienced directors. 4 highly experienced directors. 1 independent director (4 non-independent directors). Commissioner Howen Widjaja is the most experienced director on the board, commencing their role in 2010. Independent Commissioner Ketut Sanjaya was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to Rp13,500, the stock trades at a trailing P/E ratio of 78x. Average trailing P/E is 45x in the Insurance industry in Indonesia. Total loss to shareholders of 20% over the past three years. Board Change • Sep 26
Less than half of directors are independent There are 6 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: 6 new directors. No experienced directors. 4 highly experienced directors. 1 independent director (4 non-independent directors). Commissioner Howen Widjaja is the most experienced director on the board, commencing their role in 2010. Independent Commissioner Ketut Sanjaya was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Aug 30
Less than half of directors are independent There are 6 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: 6 new directors. No experienced directors. 4 highly experienced directors. 1 independent director (4 non-independent directors). Commissioner Howen Widjaja is the most experienced director on the board, commencing their role in 2010. Independent Commissioner Ketut Sanjaya was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Aug 02
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: Rp5.38t (down 31% from 2Q 2022). Net income: Rp217.0b (up Rp365.3b from 2Q 2022). Profit margin: 4.0% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 61% 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. Board Change • Dec 21
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. 4 non-independent directors. Independent Commissioner Robinson Simbolon was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 17
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. 4 non-independent directors. Independent Commissioner Robinson Simbolon was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 09
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. 4 non-independent directors. Independent Commissioner Robinson Simbolon was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 29
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. 4 non-independent directors. Independent Commissioner Robinson Simbolon was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 29
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. 4 non-independent directors. Independent Commissioner Halim Alamsyah was the last independent director to join the board, commencing their role in 2021. 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 • Dec 20
Investor sentiment deteriorated over the past week After last week's 17% share price decline to Rp10,800, the stock trades at a trailing P/E ratio of 79.2x. Average trailing P/E is 17x in the Insurance industry in Indonesia. Total returns to shareholders of 20% over the past three years. Is New 90 Day High Low • Mar 09
New 90-day high: Rp12,675 The company is up 5.0% from its price of Rp12,050 on 08 December 2020. The Indonesian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is down 1.0% over the same period. Is New 90 Day High Low • Jan 06
New 90-day low: Rp10,825 The company is down 36% from its price of Rp16,900 on 09 October 2020. The Indonesian market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is down 19% over the same period. Is New 90 Day High Low • Dec 22
New 90-day low: Rp11,500 The company is down 32% from its price of Rp16,800 on 22 September 2020. The Indonesian market is up 25% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is down 17% over the same period. Is New 90 Day High Low • Dec 05
New 90-day low: Rp13,100 The company is down 22% from its price of Rp16,850 on 02 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 Insurance industry, which is down 13% over the same period. Reported Earnings • Nov 09
Third quarter 2020 earnings released: EPS Rp91.89 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: Rp11t (up 3.7% from 3Q 2019). Net income: Rp583.9b (down 88% from 3Q 2019). Profit margin: 5.2% (down from 46% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Nov 07
New 90-day low: Rp15,275 The company is down 8.0% from its price of Rp16,550 on 07 August 2020. The Indonesian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 1.0% over the same period. Is New 90 Day High Low • Oct 14
New 90-day low: Rp15,775 The company is down 5.0% from its price of Rp16,575 on 16 July 2020. The Indonesian market is up 1.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Insurance industry, which is also down 5.0% over the same period.