Valuation Update With 7 Day Price Move • May 23
Investor sentiment deteriorates as stock falls 32% After last week's 32% share price decline to Rp595, the stock trades at a trailing P/E ratio of 43.5x. Average trailing P/E is 41x in the Packaging industry in Indonesia. Total returns to shareholders of 1.7% over the past three years. Announcement • May 21
PT Yanaprima Hastapersada Tbk, Annual General Meeting, Jun 26, 2026 PT Yanaprima Hastapersada Tbk, Annual General Meeting, Jun 26, 2026. Buy Or Sell Opportunity • May 18
Now 23% undervalued Over the last 90 days, the stock has risen 36% to Rp830. The fair value is estimated to be Rp1,083, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • May 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to Rp995, the stock trades at a trailing P/E ratio of 72.8x. Average trailing P/E is 30x in the Packaging industry in Indonesia. Total returns to shareholders of 88% over the past three years. Buy Or Sell Opportunity • Apr 29
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 165% to Rp1,350. The fair value is estimated to be Rp1,083, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Apr 28
First quarter 2026 earnings released: Rp1.07 loss per share (vs Rp6.51 loss in 1Q 2025) First quarter 2026 results: Rp1.07 loss per share (improved from Rp6.51 loss in 1Q 2025). Revenue: Rp86.4b (flat on 1Q 2025). Net loss: Rp715.2m (loss narrowed 84% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Apr 08
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 199% to Rp1,735. The fair value is estimated to be Rp1,445, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. New Risk • Mar 30
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 77% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (77% net debt to equity). Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (Rp424.2b market cap, or US$25.0m). Reported Earnings • Mar 30
Full year 2025 earnings released: EPS: Rp8.00 (vs Rp6.49 loss in FY 2024) Full year 2025 results: EPS: Rp8.00 (up from Rp6.49 loss in FY 2024). Revenue: Rp362.4b (up 5.4% from FY 2024). Net income: Rp5.50b (up Rp9.83b from FY 2024). Profit margin: 1.5% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. New Risk • Dec 02
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 18% 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 Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 10% per year over the past 5 years. Minor Risk Market cap is less than US$100m (Rp394.1b market cap, or US$23.6m). Reported Earnings • Nov 02
Third quarter 2025 earnings released: EPS: Rp4.30 (vs Rp4.44 in 3Q 2024) Third quarter 2025 results: EPS: Rp4.30 (down from Rp4.44 in 3Q 2024). Revenue: Rp91.1b (down 9.3% from 3Q 2024). Net income: Rp2.86b (down 3.3% from 3Q 2024). Profit margin: 3.1% (up from 3.0% 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 18% 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. Announcement • May 08
PT Yanaprima Hastapersada Tbk, Annual General Meeting, Jun 13, 2025 PT Yanaprima Hastapersada Tbk, Annual General Meeting, Jun 13, 2025. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: Rp4.47 (vs Rp3.27 in 3Q 2023) Third quarter 2024 results: EPS: Rp4.47 (up from Rp3.27 in 3Q 2023). Revenue: Rp100.4b (up 16% from 3Q 2023). Net income: Rp2.96b (up 36% from 3Q 2023). Profit margin: 3.0% (up from 2.5% 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 84% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. New Risk • Oct 31
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 20% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Shares are highly illiquid. High level of non-cash earnings (20% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (1.2% net profit margin). Market cap is less than US$100m (Rp184.4b market cap, or US$11.8m). Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to Rp276, the stock trades at a trailing P/E ratio of 53.1x. Average trailing P/E is 26x in the Packaging industry in Indonesia. Total loss to shareholders of 48% 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: 1.0% Last year net profit margin: 2.1% 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 (2.4x net interest cover). Share price has been highly volatile over the past 3 months (14% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (1.0% net profit margin). Market cap is less than US$100m (Rp184.4b market cap, or US$11.4m). Reported Earnings • Aug 02
Second quarter 2024 earnings released: Rp7.44 loss per share (vs Rp2.44 loss in 2Q 2023) Second quarter 2024 results: Rp7.44 loss per share (further deteriorated from Rp2.44 loss in 2Q 2023). Revenue: Rp73.8b (down 1.4% from 2Q 2023). Net loss: Rp4.97b (loss widened 205% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to Rp280, the stock trades at a trailing P/E ratio of 27.4x. Average trailing P/E is 26x in the Packaging industry in Indonesia. Total loss to shareholders of 40% over the past three years. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 45% After last week's 45% share price gain to Rp248, the stock trades at a trailing P/E ratio of 24.3x. Average trailing P/E is 23x in the Packaging industry in Indonesia. Total loss to shareholders of 42% over the past three years. New Risk • Jun 08
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: Rp151.0b (US$9.36m) 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 (2.9x net interest cover). Shares are highly illiquid. Market cap is less than US$10m (Rp151.0b market cap, or US$9.36m). Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to Rp226, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 24x in the Packaging industry in Indonesia. Total loss to shareholders of 49% over the past three years. Announcement • May 17
PT Yanaprima Hastapersada Tbk, Annual General Meeting, Jun 21, 2024 PT Yanaprima Hastapersada Tbk, Annual General Meeting, Jun 21, 2024. Reported Earnings • May 05
Full year 2023 earnings released: EPS: Rp12.00 (vs Rp2.11 loss in FY 2022) Full year 2023 results: EPS: Rp12.00 (up from Rp2.11 loss in FY 2022). Revenue: Rp346.5b (down 8.1% from FY 2022). Net income: Rp8.23b (up Rp9.64b from FY 2022). Profit margin: 2.4% (up from net loss in FY 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to Rp600, the stock trades at a trailing P/E ratio of 51.4x. Average trailing P/E is 29x in the Packaging industry in Indonesia. Total returns to shareholders of 33% over the past three years. Reported Earnings • Aug 02
Second quarter 2023 earnings released: Rp2.45 loss per share (vs Rp8.22 loss in 2Q 2022) Second quarter 2023 results: Rp2.45 loss per share (improved from Rp8.22 loss in 2Q 2022). Revenue: Rp74.8b (down 9.7% from 2Q 2022). Net loss: Rp1.63b (loss narrowed 70% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. New Risk • Jul 05
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 8.2% 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 Interest payments are not well covered by earnings (0.5x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (Rp377.4b market cap, or US$25.1m). Reported Earnings • Apr 13
Full year 2021 earnings released: Rp14.00 loss per share (vs Rp12.48 profit in FY 2020) Full year 2021 results: Rp14.00 loss per share (down from Rp12.48 profit in FY 2020). Revenue: Rp339.0b (up 12% from FY 2020). Net loss: Rp9.48b (down 214% from profit in FY 2020). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 22
Investor sentiment improved over the past week After last week's 21% share price gain to Rp660, the stock trades at a trailing P/E ratio of 61.1x. Average trailing P/E is 14x in the Packaging industry in Indonesia. Total returns to shareholders of 16% over the past three years. Valuation Update With 7 Day Price Move • Oct 05
Investor sentiment deteriorated over the past week After last week's 29% share price decline to Rp600, the stock trades at a trailing P/E ratio of 55.5x. Average trailing P/E is 15x in the Packaging industry in Indonesia. Total loss to shareholders of 12% over the past three years. Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment improved over the past week After last week's 93% share price gain to Rp665, the stock trades at a trailing P/E ratio of 61.5x. Average trailing P/E is 13x in the Packaging industry in Indonesia. Negligible returns to shareholders over past three years. Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment deteriorated over the past week After last week's 16% share price decline to Rp370, the stock trades at a trailing P/E ratio of 34.5x. Average trailing P/E is 17x in the Packaging industry in Indonesia. Total loss to shareholders of 41% over the past three years. Reported Earnings • Aug 30
Second quarter 2021 earnings released: Rp3.16 loss per share (vs Rp4.56 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: Rp83.4b (up 32% from 2Q 2020). Net loss: Rp2.16b (loss narrowed 29% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment deteriorated over the past week After last week's 15% share price decline to Rp388, the stock trades at a trailing P/E ratio of 40.9x. Average trailing P/E is 18x in the Packaging industry in Indonesia. Total loss to shareholders of 40% over the past three years. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improved over the past week After last week's 22% share price gain to Rp472, the stock trades at a trailing P/E ratio of 49.8x. Average trailing P/E is 13x in the Packaging industry in Indonesia. Total loss to shareholders of 21% over the past three years. Valuation Update With 7 Day Price Move • May 28
Investor sentiment improved over the past week After last week's 23% share price gain to Rp470, the stock trades at a trailing P/E ratio of 31.5x. Average trailing P/E is 16x in the Packaging industry in Indonesia. Total loss to shareholders of 33% over the past three years. Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorated over the past week After last week's 15% share price decline to Rp390, the stock trades at a trailing P/E ratio of 26.1x. Average trailing P/E is 17x in the Packaging industry in Indonesia. Total loss to shareholders of 58% over the past three years. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improved over the past week After last week's 18% share price gain to Rp484, the stock trades at a trailing P/E ratio of 32.4x. Average trailing P/E is 18x in the Packaging industry in Indonesia. Total loss to shareholders of 51% over the past three years. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorated over the past week After last week's 16% share price decline to Rp402, the stock trades at a trailing P/E ratio of 26.9x. Average trailing P/E is 14x in the Packaging industry in Indonesia. Total loss to shareholders of 55% over the past three years. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment deteriorated over the past week After last week's 18% share price decline to Rp520, the stock is trading at a trailing P/E ratio of 34.8x, down from the previous P/E ratio of 42.5x. This compares to an average P/E of 16x in the Packaging industry in Indonesia. Total return to shareholders over the past three years is a loss of 42%. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improved over the past week After last week's 49% share price gain to Rp580, the stock is trading at a trailing P/E ratio of 38.8x, up from the previous P/E ratio of 26x. This compares to an average P/E of 15x in the Packaging industry in Indonesia. Total return to shareholders over the past three years is a loss of 17%. Is New 90 Day High Low • Feb 09
New 90-day high: Rp570 The company is up 53% from its price of Rp372 on 11 November 2020. The Indonesian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 11% over the same period. Is New 90 Day High Low • Jan 21
New 90-day high: Rp505 The company is up 87% from its price of Rp270 on 23 October 2020. The Indonesian market is up 25% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 21% over the same period. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improved over the past week After last week's 20% share price gain to Rp410, the stock is trading at a trailing P/E ratio of 27.4x, up from the previous P/E ratio of 22.9x. This compares to an average P/E of 15x in the Packaging industry in Indonesia. Total return to shareholders over the past three years is a loss of 58%. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to Rp360, the stock is trading at a trailing P/E ratio of 24.1x, down from the previous P/E ratio of 28.6x. This compares to an average P/E of 16x in the Packaging industry in Indonesia. Total return to shareholders over the past three years is a loss of 63%. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment deteriorated over the past week After last week's 18% share price decline to Rp352, the stock is trading at a trailing P/E ratio of 23.6x, down from the previous P/E ratio of 28.8x. This compares to an average P/E of 16x in the Packaging industry in Indonesia. Total return to shareholders over the past three years is a loss of 64%. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improved over the past week After last week's 15% share price gain to Rp438, the stock is trading at a trailing P/E ratio of 29.3x, up from the previous P/E ratio of 25.4x. This compares to an average P/E of 14x in the Packaging industry in Indonesia. Total return to shareholders over the past three years is a loss of 55%. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment deteriorated over the past week After last week's 17% share price decline to Rp380, the stock is trading at a trailing P/E ratio of 25.4x, down from the previous P/E ratio of 30.7x. This compares to an average P/E of 13x in the Packaging industry in Indonesia. Total return to shareholders over the past three years is a loss of 61%. Is New 90 Day High Low • Dec 08
New 90-day high: Rp470 The company is up 7.0% from its price of Rp438 on 09 September 2020. The Indonesian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Packaging industry, which is up 4.0% over the same period. Valuation Update With 7 Day Price Move • Dec 01
Market bids up stock over the past week After last week's 21% share price gain to Rp462, the stock is trading at a trailing P/E ratio of 30.9x, up from the previous P/E ratio of 25.6x. This compares to an average P/E of 10x in the Packaging industry in Indonesia. Total return to shareholders over the past year is a loss of 7.2%. Valuation Update With 7 Day Price Move • Nov 06
Market bids up stock over the past week After last week's 27% share price gain to Rp320, the stock is trading at a trailing P/E ratio of 21.4x, up from the previous P/E ratio of 16.8x. This compares to an average P/E of 9x in the Packaging industry in Indonesia. Total return to shareholders over the past three years is a loss of 67%. Reported Earnings • Nov 02
Third quarter 2020 earnings released: EPS Rp4.25 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: Rp79.7b (down 18% from 3Q 2019). Net income: Rp2.94b (up Rp3.85b from 3Q 2019). Profit margin: 3.7% (up from net loss in 3Q 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 23
Market pulls back on stock over the past week After last week's 24% share price decline to Rp290, the stock is trading at a trailing P/E ratio of 31.6x, down from the previous P/E ratio of 41.4x. This compares to an average P/E of 9x in the Packaging industry in Indonesia. Total return to shareholders over the past three years is a loss of 70%. Is New 90 Day High Low • Oct 22
New 90-day low: Rp290 The company is down 38% from its price of Rp468 on 23 July 2020. The Indonesian market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is down 7.0% over the same period. Valuation Update With 7 Day Price Move • Oct 13
Market bids up stock over the past week After last week's 19% share price gain to Rp362, the stock is trading at a trailing P/E ratio of 39.5x, up from the previous P/E ratio of 33.1x. This compares to an average P/E of 9x in the Packaging industry in Indonesia. Total return to shareholders over the past three years is a loss of 63%. Is New 90 Day High Low • Oct 06
New 90-day low: Rp304 The company is down 34% from its price of Rp464 on 08 July 2020. The Indonesian market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is down 3.0% over the same period.