Reported Earnings • Jul 29
Second quarter 2026 earnings released: EPS: Rp37.92 (vs Rp12.23 in 2Q 2025) Second quarter 2026 results: EPS: Rp37.92 (up from Rp12.23 in 2Q 2025). Revenue: Rp1.83t (up 43% from 2Q 2025). Net income: Rp284.4b (up 210% from 2Q 2025). Profit margin: 16% (up from 7.2% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year and the company’s share price has also increased by 12% per year. Valuation Update With 7 Day Price Move • May 22
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to Rp470, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 40x in the Packaging industry in Indonesia. Total returns to shareholders of 67% over the past three years. Buy Or Sell Opportunity • May 21
Now 29% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.6% to Rp478. The fair value is estimated to be Rp675, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 8.3%. Upcoming Dividend • May 14
Upcoming dividend of Rp53.00 per share Eligible shareholders must have bought the stock before 21 May 2026. Payment date: 04 June 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 9.9%. Within top quartile of Indonesian dividend payers (6.0%). Higher than average of industry peers (4.3%). Announcement • May 12
PT Panca Budi Idaman Tbk announces Annual dividend, payable on June 04, 2026 PT Panca Budi Idaman Tbk announced Annual dividend of IDR 53.0000 per share payable on June 04, 2026, ex-date on May 21, 2026 and record date on May 22, 2026. Reported Earnings • Apr 30
First quarter 2026 earnings released: EPS: Rp16.81 (vs Rp13.57 in 1Q 2025) First quarter 2026 results: EPS: Rp16.81 (up from Rp13.57 in 1Q 2025). Revenue: Rp1.30t (up 1.5% from 1Q 2025). Net income: Rp126.1b (up 24% from 1Q 2025). Profit margin: 9.7% (up from 8.0% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 10% per year. Announcement • Apr 02
PT Panca Budi Idaman Tbk, Annual General Meeting, May 08, 2026 PT Panca Budi Idaman Tbk, Annual General Meeting, May 08, 2026. Reported Earnings • Mar 06
Full year 2025 earnings released: EPS: Rp53.41 (vs Rp64.66 in FY 2024) Full year 2025 results: EPS: Rp53.41 (down from Rp64.66 in FY 2024). Revenue: Rp5.19t (down 1.0% from FY 2024). Net income: Rp400.6b (down 17% from FY 2024). Profit margin: 7.7% (down from 9.2% in FY 2024). Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 7% per year. Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: Rp14.24 (vs Rp17.54 in 3Q 2024) Third quarter 2025 results: EPS: Rp14.24 (down from Rp17.54 in 3Q 2024). Revenue: Rp1.34t (down 4.5% from 3Q 2024). Net income: Rp106.8b (down 19% from 3Q 2024). Profit margin: 8.0% (down from 9.4% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 7% per year. 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. 5 non-independent directors. Independent Commissioner Makmur Darmo was the last independent director to join the board, commencing their role in 2017. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 27
PT Panca Budi Idaman Tbk announces Annual dividend, payable on June 19, 2025 PT Panca Budi Idaman Tbk announced Annual dividend of IDR 55.0000 per share payable on June 19, 2025, ex-date on June 09, 2025 and record date on June 10, 2025. Announcement • Apr 16
PT Panca Budi Idaman Tbk, Annual General Meeting, May 23, 2025 PT Panca Budi Idaman Tbk, Annual General Meeting, May 23, 2025. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: Rp17.54 (vs Rp11.93 in 3Q 2023) Third quarter 2024 results: EPS: Rp17.54 (up from Rp11.93 in 3Q 2023). Revenue: Rp1.40t (up 22% from 3Q 2023). Net income: Rp131.6b (up 47% from 3Q 2023). Profit margin: 9.4% (up from 7.8% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 8% per year. Reported Earnings • Jul 27
Second quarter 2024 earnings released: EPS: Rp15.98 (vs Rp8.95 in 2Q 2023) Second quarter 2024 results: EPS: Rp15.98 (up from Rp8.95 in 2Q 2023). Revenue: Rp1.20t (up 6.3% from 2Q 2023). Net income: Rp119.9b (up 79% from 2Q 2023). Profit margin: 10.0% (up from 5.9% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has remained flat. Reported Earnings • May 01
First quarter 2024 earnings released: EPS: Rp70.71 (vs Rp53.46 in 1Q 2023) First quarter 2024 results: EPS: Rp70.71 (up from Rp53.46 in 1Q 2023). Revenue: Rp1.28t (up 5.2% from 1Q 2023). Net income: Rp132.6b (up 32% from 1Q 2023). Profit margin: 10% (up from 8.2% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 7% per year. Announcement • Apr 20
PT Panca Budi Idaman Tbk, Annual General Meeting, May 13, 2024 PT Panca Budi Idaman Tbk, Annual General Meeting, May 13, 2024, at 07:00 Coordinated Universal Time. Location: The Ritz-Carlton Jakarta, Pacific Place 8th Floor, Pacific Place meeting room 123 (PPM 123) Jl. Jendral Sudirman Kav. 52 53 Jakarta Jakarta Indonesia Agenda: To consider Approval and ratification of the Consolidated Financial Statements and Annual Report, including the Directors' Accountability Report and the Board of Commissioners' Oversight Report for the fiscal year ended on December 31, 2023; to consider Determination of the Use of the Company's Net Profit for the 2023 Fiscal Year; to consider Appointment of the Company's Public Accountants for the 2024 financial year; to consider Determination of the amount of salary, honorarium, and bonuses for members of the Company's Directors and the Board of Commissioners; to consider Approval to split the nominal value of shares ("Stock Split") by changing the provisions in Article 4 paragraphs 1 and 2 of the Company's Articles of Association. Reported Earnings • Mar 09
Full year 2023 earnings released: EPS: Rp200 (vs Rp188 in FY 2022) Full year 2023 results: EPS: Rp200 (up from Rp188 in FY 2022). Revenue: Rp4.70t (down 6.5% from FY 2022). Net income: Rp374.2b (up 6.0% from FY 2022). Profit margin: 8.0% (up from 7.0% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 4% per year. Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: Rp47.70 (vs Rp29.76 in 3Q 2022) Third quarter 2023 results: EPS: Rp47.70 (up from Rp29.76 in 3Q 2022). Revenue: Rp1.15t (down 12% from 3Q 2022). Net income: Rp89.4b (up 60% from 3Q 2022). Profit margin: 7.8% (up from 4.3% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Reported Earnings • Jul 29
Second quarter 2023 earnings released: EPS: Rp35.81 (vs Rp52.22 in 2Q 2022) Second quarter 2023 results: EPS: Rp35.81 (down from Rp52.22 in 2Q 2022). Revenue: Rp1.13t (down 11% from 2Q 2022). Net income: Rp67.1b (down 31% from 2Q 2022). Profit margin: 5.9% (down from 7.7% 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 1% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Reported Earnings • Mar 10
Full year 2022 earnings released: EPS: Rp188 (vs Rp219 in FY 2021) Full year 2022 results: EPS: Rp188 (down from Rp219 in FY 2021). Revenue: Rp5.03t (up 13% from FY 2021). Net income: Rp352.9b (down 14% from FY 2021). Profit margin: 7.0% (down from 9.2% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. 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. 8 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Independent Commissioner Makmur Darmo was the last independent director to join the board, commencing their role in 2017. 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 • Oct 30
Third quarter 2022 earnings released: EPS: Rp29.76 (vs Rp45.62 in 3Q 2021) Third quarter 2022 results: EPS: Rp29.76 (down from Rp45.62 in 3Q 2021). Revenue: Rp1.30t (up 18% from 3Q 2021). Net income: Rp55.8b (down 35% from 3Q 2021). Profit margin: 4.3% (down from 7.7% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 29
Second quarter 2022 earnings released: EPS: Rp52.22 (vs Rp60.68 in 2Q 2021) Second quarter 2022 results: EPS: Rp52.22 (down from Rp60.68 in 2Q 2021). Revenue: Rp1.27t (up 17% from 2Q 2021). Net income: Rp97.9b (down 14% from 2Q 2021). Profit margin: 7.7% (down from 11% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jul 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 6.3%. The fair value is estimated to be Rp2,067, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Earnings per share has grown by 24%. Buying Opportunity • Jul 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 6.0%. The fair value is estimated to be Rp2,056, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Earnings per share has grown by 24%. Buying Opportunity • Jun 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 1.2%. The fair value is estimated to be Rp2,051, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Earnings per share has grown by 24%. Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: Rp62.46 (vs Rp64.79 in 1Q 2021) First quarter 2022 results: EPS: Rp62.46 (down from Rp64.79 in 1Q 2021). Revenue: Rp1.24t (up 19% from 1Q 2021). Net income: Rp117.1b (down 3.6% from 1Q 2021). Profit margin: 9.4% (down from 12% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. 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. 6 non-independent directors. Independent Commissioner Makmur Darmo was the last independent director to join the board, commencing their role in 2017. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 22
PT Panca Budi Idaman Tbk, Annual General Meeting, May 12, 2022 PT Panca Budi Idaman Tbk, Annual General Meeting, May 12, 2022, at 07:00 Coordinated Universal Time. Location: The Ritz-Carlton Jakarta, Pacific Place 8th Floor Pacific Place meeting room 123 (PPM 123), Jl. Jendral Sudirman Kav. 52 53 Jakarta Indonesia Agenda: To consider approval and ratification of the Consolidated Financial Statements and Annual Report, including the Directors' Accountability Report and the Board of Commissioners' Oversight Report for the fiscal year ended on December 31, 2021; to consider approval for the use of the Company's net income for the fiscal year ended on December 31, 2021; to consider appointment of the Company's Public Accountants for the 2022 financial year; to consider determination of the amount of salary, honorarium, and bonuses for members of the Company's Directors and the Board of Commissioners; to consider responsibility report on realization of the use of funds from public offering; and to consider other business matters. Reported Earnings • Nov 02
Third quarter 2021 earnings released The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: Rp1.11t (up 9.1% from 3Q 2020). Net income: Rp85.5b (down 34% from 3Q 2020). Profit margin: 7.7% (down from 13% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 29
Second quarter 2021 earnings released: EPS Rp60.68 (vs Rp41.76 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: Rp1.08t (up 24% from 2Q 2020). Net income: Rp113.8b (up 45% from 2Q 2020). Profit margin: 11% (up from 9.0% 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 15% per year whereas the company’s share price has increased by 20% per year. Upcoming Dividend • May 13
Upcoming dividend of Rp100.00 per share Eligible shareholders must have bought the stock before 20 May 2021. Payment date: 03 June 2021. Trailing yield: 3.1%. Lower than top quartile of Indonesian dividend payers (4.8%). Higher than average of industry peers (2.4%). Reported Earnings • May 01
First quarter 2021 earnings released: EPS Rp64.78 (vs Rp32.83 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: Rp1.04t (up 6.4% from 1Q 2020). Net income: Rp121.5b (up 97% from 1Q 2020). Profit margin: 12% (up from 6.3% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 11
Full year 2020 earnings released: EPS Rp198 (vs Rp119 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: Rp3.87t (down 17% from FY 2019). Net income: Rp371.6b (up 67% from FY 2019). Profit margin: 9.6% (up from 4.8% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Jan 05
New 90-day high: Rp1,450 The company is up 66% from its price of Rp875 on 08 October 2020. The Indonesian market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 13% over the same period. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improved over the past week After last week's 20% share price gain to Rp1,440, the stock is trading at a trailing P/E ratio of 7.8x, up from the previous P/E ratio of 6.5x. This compares to an average P/E of 14x in the Packaging industry in Indonesia. Total returns to shareholders over the past three years are 94%. Is New 90 Day High Low • Dec 16
New 90-day high: Rp1,215 The company is up 38% from its price of Rp880 on 18 September 2020. The Indonesian market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 10.0% over the same period. Is New 90 Day High Low • Nov 20
New 90-day high: Rp1,145 The company is up 30% from its price of Rp880 on 19 August 2020. The Indonesian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is down 3.0% over the same period. Valuation Update With 7 Day Price Move • Nov 03
Market bids up stock over the past week After last week's 18% share price gain to Rp1,140, the stock is trading at a trailing P/E ratio of 6.2x, up from the previous P/E ratio of 5.3x. This compares to an average P/E of 9x in the Packaging industry in Indonesia. Total returns to shareholders over the past year are 18%. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of Rp344.0b, up 76% from the prior year. Total revenue was Rp4.01t over the last 12 months, down 14% from the prior year. Is New 90 Day High Low • Oct 23
New 90-day low: Rp850 The company is down 1.0% from its price of Rp860 on 24 July 2020. The Indonesian market is also down 1.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Packaging industry, which is down 6.0% over the same period. 
