Reported Earnings • Apr 19
Full year 2025 earnings released: EPS: Rp9.21 (vs Rp1.15 in FY 2024) Full year 2025 results: EPS: Rp9.21 (up from Rp1.15 in FY 2024). Net income: Rp70.3b (up Rp61.5b from FY 2024). 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 2% per year, which means it is well ahead of earnings. New Risk • Mar 18
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 Interest payments are not well covered by earnings (1.0x net interest cover). Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-Rp291b). High level of non-cash earnings (40% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Revenue is less than US$5m (Rp37b revenue, or US$2.2m). Market cap is less than US$100m (Rp396.9b market cap, or US$23.4m). Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to Rp58.00, the stock trades at a trailing P/E ratio of 18.6x. Average trailing P/E is 29x in the Electronic industry in Asia. Total returns to shareholders of 16% over the past three years. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to Rp72.00, the stock trades at a trailing P/E ratio of 23.1x. Average trailing P/E is 28x in the Electronic industry in Asia. Total returns to shareholders of 44% over the past three years. New Risk • Feb 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Negative equity (-Rp291b). High level of non-cash earnings (40% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (16% average weekly change). Revenue is less than US$5m (Rp37b revenue, or US$2.2m). Market cap is less than US$100m (Rp503.7b market cap, or US$29.7m). Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to Rp63.00, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 27x in the Electronic industry in Asia. Total returns to shareholders of 26% over the past three years. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to Rp73.00, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 28x in the Electronic industry in Asia. Total returns to shareholders of 46% over the past three years. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to Rp52.00, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 27x in the Electronic industry in Asia. Total returns to shareholders of 4.0% over the past three years. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to Rp44.00, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 26x in the Electronic industry in Asia. Total loss to shareholders of 12% over the past three years. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to Rp40.00, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 28x in the Electronic industry in Asia. Total loss to shareholders of 20% over the past three years. Reported Earnings • Nov 05
Third quarter 2025 earnings released: EPS: Rp1.55 (vs Rp0.047 loss in 3Q 2024) Third quarter 2025 results: EPS: Rp1.55 (up from Rp0.047 loss in 3Q 2024). Revenue: Rp8.45b (down 6.4% from 3Q 2024). Net income: Rp11.8b (up Rp12.2b from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Announcement • Jun 24
PT Modern Internasional Tbk, Annual General Meeting, Jun 25, 2025 PT Modern Internasional Tbk, Annual General Meeting, Jun 25, 2025. Location: jl sultan hasanudin no 72 melawai kebayoran baru, kota adm. jakarta selatan dki. jakarta indonesia, jakarta Indonesia Reported Earnings • Nov 05
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: Rp9.03b (down 18% from 3Q 2023). Net loss: Rp355.9m (down 111% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 48% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to Rp6.00, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 9x in the Electronic industry in Indonesia. Total loss to shareholders of 88% over the past three years. Buy Or Sell Opportunity • Aug 07
Now 28% undervalued The stock has been flat over the last 90 days, currently trading at Rp5.00. The fair value is estimated to be Rp6.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 19% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to Rp6.00, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 9x in the Electronic industry in Indonesia. Total loss to shareholders of 88% over the past three years. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to Rp5.00, the stock trades at a trailing P/E ratio of 3.3x. Average trailing P/E is 8x in the Electronic industry in Indonesia. Total loss to shareholders of 90% over the past three years. Buy Or Sell Opportunity • Jul 06
Now 33% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to Rp4.00. The fair value is estimated to be Rp5.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 19% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to Rp4.00, the stock trades at a trailing P/E ratio of 2.7x. Average trailing P/E is 8x in the Electronic industry in Indonesia. Total loss to shareholders of 92% over the past three years. Announcement • May 17
PT Modern Internasional Tbk, Annual General Meeting, Jun 20, 2024 PT Modern Internasional Tbk, Annual General Meeting, Jun 20, 2024. Valuation Update With 7 Day Price Move • May 13
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to Rp4.00, the stock trades at a trailing P/E ratio of 2.6x. Average trailing P/E is 7x in the Electronic industry in Indonesia. Total loss to shareholders of 92% over the past three years. New Risk • Jun 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: Rp137.4b (US$9.16m) 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 Debt is not well covered by operating cash flow (1.8% operating cash flow to total debt). Negative equity (-Rp325b). High level of non-cash earnings (74% accrual ratio). Market cap is less than US$10m (Rp137.4b market cap, or US$9.16m). Minor Risks Share price has been volatile over the past 3 months (9.7% average weekly change). Profit margins are more than 30% lower than last year (122% net profit margin). Revenue is less than US$5m (Rp61b revenue, or US$4.1m). Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to Rp41.00, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 11x in the Electronic industry in Indonesia. Total loss to shareholders of 18% over the past three years. 
