New Risk • May 05
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 16% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Earnings have declined by 20% 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. Market cap is less than US$100m (Rp677.5b market cap, or US$38.6m). Reported Earnings • May 05
First quarter 2026 earnings released: EPS: Rp1.62 (vs Rp1.32 in 1Q 2025) First quarter 2026 results: EPS: Rp1.62 (up from Rp1.32 in 1Q 2025). Revenue: Rp351.2b (up 25% from 1Q 2025). Net income: Rp9.45b (up 22% from 1Q 2025). Profit margin: 2.7% (down from 2.8% in 1Q 2025). 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 7% per year, which means it has not declined as severely as earnings. Announcement • Apr 22
PT Tera Data Indonusa Tbk, Annual General Meeting, May 26, 2026 PT Tera Data Indonusa Tbk, Annual General Meeting, May 26, 2026. Reported Earnings • Apr 03
Full year 2025 earnings released: EPS: Rp12.00 (vs Rp9.57 in FY 2024) Full year 2025 results: EPS: Rp12.00 (up from Rp9.57 in FY 2024). Revenue: Rp1.62t (up 31% from FY 2024). Net income: Rp68.0b (up 22% from FY 2024). Profit margin: 4.2% (down from 4.5% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 04
Third quarter 2025 earnings released: EPS: Rp3.23 (vs Rp3.96 in 3Q 2024) Third quarter 2025 results: EPS: Rp3.23 (down from Rp3.96 in 3Q 2024). Revenue: Rp476.3b (up 45% from 3Q 2024). Net income: Rp18.9b (down 18% from 3Q 2024). Profit margin: 4.0% (down from 7.1% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 20% per year. Board Change • Oct 14
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. 6 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Independent of Commissioner Alpino Kianjaya 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: Lack of independent directors. Insufficient board refreshment. Announcement • May 06
PT Tera Data Indonusa Tbk, Annual General Meeting, Jun 11, 2025 PT Tera Data Indonusa Tbk, Annual General Meeting, Jun 11, 2025. Reported Earnings • Nov 03
Third quarter 2024 earnings released: EPS: Rp3.97 (vs Rp9.53 in 3Q 2023) Third quarter 2024 results: EPS: Rp3.97 (down from Rp9.53 in 3Q 2023). Revenue: Rp327.6b (down 22% from 3Q 2023). Net income: Rp23.1b (down 58% from 3Q 2023). Profit margin: 7.1% (down from 13% in 3Q 2023). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to Rp118, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 21x in the Tech industry in Asia. Total loss to shareholders of 21% over the past year. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to Rp144, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 21x in the Tech industry in Asia. Total returns to shareholders of 5.8% over the past year. Reported Earnings • Aug 04
Second quarter 2024 earnings released: EPS: Rp0.66 (vs Rp4.19 in 2Q 2023) Second quarter 2024 results: EPS: Rp0.66 (down from Rp4.19 in 2Q 2023). Revenue: Rp233.3b (down 15% from 2Q 2023). Net income: Rp3.83b (down 84% from 2Q 2023). Profit margin: 1.6% (down from 9.0% in 2Q 2023). The decrease in margin was driven by lower revenue. Announcement • May 22
PT Tera Data Indonusa Tbk, Annual General Meeting, Jun 11, 2024 PT Tera Data Indonusa Tbk, Annual General Meeting, Jun 11, 2024. Location: wisma exa, lantai 3, jl. inspeksi pam no. 168, cakung barat,cakung kota adm., jakarta timur dki.jakarta indonesia, Indonesia Reported Earnings • May 05
First quarter 2024 earnings released: EPS: Rp0.91 (vs Rp1.28 in 1Q 2023) First quarter 2024 results: EPS: Rp0.91 (down from Rp1.28 in 1Q 2023). Revenue: Rp201.1b (up 38% from 1Q 2023). Net income: Rp5.33b (down 29% from 1Q 2023). Profit margin: 2.6% (down from 5.1% in 1Q 2023). The decrease in margin was driven by higher expenses. Reported Earnings • Apr 02
Full year 2023 earnings released: EPS: Rp21.00 (vs Rp16.67 in FY 2022) Full year 2023 results: EPS: Rp21.00 (up from Rp16.67 in FY 2022). Revenue: Rp1.27t (down 15% from FY 2022). Net income: Rp124.9b (up 42% from FY 2022). Profit margin: 9.8% (up from 5.9% in FY 2022). The increase in margin was driven by lower expenses. Upcoming Dividend • Nov 18
Upcoming dividend of Rp9.00 per share at 2.8% yield Eligible shareholders must have bought the stock before 23 November 2023. Payment date: 12 December 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Indonesian dividend payers (5.7%). Higher than average of industry peers (2.3%). Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to Rp208, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 23x in the Tech industry in Asia. Total loss to shareholders of 12% over the past year. Reported Earnings • Nov 04
Third quarter 2023 earnings released: EPS: Rp9.53 (vs Rp5.78 in 3Q 2022) Third quarter 2023 results: EPS: Rp9.53 (up from Rp5.78 in 3Q 2022). Revenue: Rp419.8b (down 30% from 3Q 2022). Net income: Rp55.6b (up 21% from 3Q 2022). Profit margin: 13% (up from 7.7% in 3Q 2022). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to Rp158, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 22x in the Tech industry in Asia. Total loss to shareholders of 37% over the past year. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to Rp171, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 21x in the Tech industry in Asia. Total loss to shareholders of 39% over the past year. Reported Earnings • Aug 06
Second quarter 2023 earnings released: EPS: Rp4.19 (vs Rp0.56 in 2Q 2022) Second quarter 2023 results: EPS: Rp4.19 (up from Rp0.56 in 2Q 2022). Revenue: Rp273.6b (up 141% from 2Q 2022). Net income: Rp24.5b (up Rp21.8b from 2Q 2022). Profit margin: 9.0% (up from 2.3% in 2Q 2022). The increase in margin was driven by higher revenue. New Risk • Jul 30
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 9.4% 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 High level of non-cash earnings (51% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.4% average weekly change). Profit margins are more than 30% lower than last year (6.2% net profit margin). Market cap is less than US$100m (Rp753.4b market cap, or US$49.9m). Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to Rp110, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 22x in the Tech industry in Asia. Total loss to shareholders of 52% over the past year. New Risk • Jul 09
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 4.1% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (51% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (6.2% net profit margin). Market cap is less than US$100m (Rp852.7b market cap, or US$56.3m). Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to Rp151, the stock trades at a trailing P/E ratio of 6.3x. Average trailing P/E is 13x in the Tech industry in Asia. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to Rp192, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 13x in the Tech industry in Asia. Reported Earnings • Nov 30
Third quarter 2022 earnings released Third quarter 2022 results: EPS: Rp5.79. Net income: Rp45.8b (up Rp45.8b from 3Q 2021). Reported Earnings • Jul 20
Full year 2021 earnings released: EPS: Rp1,784,368 (vs Rp146,386 in FY 2020) Full year 2021 results: EPS: Rp1,784,368 (up from Rp146,386 in FY 2020). Revenue: Rp1.45t (up 342% from FY 2020). Net income: Rp133.7b (up Rp123.1b from FY 2020). Profit margin: 9.2% (up from 3.2% in FY 2020). The increase in margin was driven by higher revenue. 
