Declared Dividend • Jun 28
Dividend of Rp9.50 announced Shareholders will receive a dividend of Rp9.50. Ex-date: 3rd July 2026 Payment date: 24th July 2026 Dividend yield will be 4.2%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has increased by an average of 9.4% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 42% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to Rp300, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 18x in the Shipping industry in Indonesia. Total loss to shareholders of 6.8% over the past three years. Recent Insider Transactions • Jun 14
Compliance Director recently bought Rp27m worth of stock On the 10th of June, Farida Sastrosatomo bought around 100k shares on-market at roughly Rp274 per share. This transaction amounted to 5.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought Rp4.0b more in shares than they have sold in the last 12 months. Announcement • May 20
PT Samudera Indonesia Tbk, Annual General Meeting, Jun 24, 2026 PT Samudera Indonesia Tbk, Annual General Meeting, Jun 24, 2026. New Risk • May 05
New major risk - Revenue and earnings growth Earnings have declined by 12% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 12% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Apr 01
Full year 2025 earnings released: EPS: US$0.003 (vs US$0.003 in FY 2024) Full year 2025 results: EPS: US$0.003 (in line with FY 2024). Revenue: US$801.7m (up 8.7% from FY 2024). Net income: US$52.1m (up 2.7% from FY 2024). Profit margin: 6.5% (down from 6.9% 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 56% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Mar 11
President Director recently bought Rp396m worth of stock On the 6th of March, Bani Mulia bought around 1m shares on-market at roughly Rp388 per share. This transaction amounted to 1.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Bani has been a buyer over the last 12 months, purchasing a net total of Rp2.6b worth in shares. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to Rp350, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 22x in the Shipping industry in Indonesia. Total returns to shareholders of 5.9% over the past three years. Recent Insider Transactions • Feb 12
President Director recently bought Rp392m worth of stock On the 6th of February, Bani Mulia bought around 1m shares on-market at roughly Rp366 per share. This transaction amounted to 1.9% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth Rp395m. Bani has been a buyer over the last 12 months, purchasing a net total of Rp2.2b worth in shares. Recent Insider Transactions • Feb 02
Compliance Director recently bought Rp288m worth of stock On the 28th of January, Farida Sastrosatomo bought around 800k shares on-market at roughly Rp360 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought Rp1.7b more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to Rp442, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 23x in the Shipping industry in Indonesia. Total returns to shareholders of 42% over the past three years. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to Rp382, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 22x in the Shipping industry in Indonesia. Total returns to shareholders of 10.0% over the past three years. Reported Earnings • Nov 04
Third quarter 2025 earnings released: EPS: US$0.001 (vs US$0.001 in 3Q 2024) Third quarter 2025 results: EPS: US$0.001 (in line with 3Q 2024). Revenue: US$192.5m (down 6.4% from 3Q 2024). Net income: US$13.8m (down 27% from 3Q 2024). Profit margin: 7.2% (down from 9.2% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. 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. 4 non-independent directors. Independent Commissioner . Hoesen was the last independent director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 22
PT Samudera Indonesia Tbk, Annual General Meeting, Jun 30, 2025 PT Samudera Indonesia Tbk, Annual General Meeting, Jun 30, 2025. Reported Earnings • Nov 02
Third quarter 2024 earnings released: EPS: US$0.002 (vs US$0.001 in 3Q 2023) Third quarter 2024 results: EPS: US$0.002 (up from US$0.001 in 3Q 2023). Revenue: US$205.6m (up 16% from 3Q 2023). Net income: US$18.8m (up 59% from 3Q 2023). Profit margin: 9.2% (up from 6.7% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Oct 30
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 2.4% to Rp336. The fair value is estimated to be Rp280, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years, while earnings per share has been flat. Buy Or Sell Opportunity • Sep 10
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to Rp338. The fair value is estimated to be Rp280, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years, while earnings per share has been flat. Buy Or Sell Opportunity • Aug 16
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 35% to Rp356. The fair value is estimated to be Rp277, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years, while earnings per share has been flat. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: US$0 (vs US$0.001 in 2Q 2023) Second quarter 2024 results: EPS: US$0 (down from US$0.001 in 2Q 2023). Revenue: US$167.5m (down 12% from 2Q 2023). Net income: US$12.3m (down 49% from 2Q 2023). Profit margin: 7.4% (down from 13% in 2Q 2023). 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 35% per year, which means it is well ahead of earnings. Recent Insider Transactions • Jul 09
President Director recently bought Rp997m worth of stock On the 5th of July, Bani Mulia bought around 3m shares on-market at roughly Rp368 per share. This transaction amounted to 5.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Bani has been a buyer over the last 12 months, purchasing a net total of Rp1.5b worth in shares. Declared Dividend • Jul 03
Dividend of Rp12.00 announced Shareholders will receive a dividend of Rp12.00. Ex-date: 5th July 2024 Payment date: 26th July 2024 Dividend yield will be 4.4%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (0.922% earnings payout ratio) but not covered by cash flows (107% cash payout ratio). The dividend has increased by an average of 32% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 58% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to Rp372, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 6x in the Shipping industry in Indonesia. Total returns to shareholders of 288% over the past three years. Announcement • May 22
PT Samudera Indonesia Tbk, Annual General Meeting, Jun 26, 2024 PT Samudera Indonesia Tbk, Annual General Meeting, Jun 26, 2024. Valuation Update With 7 Day Price Move • May 02
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to Rp252, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 5x in the Shipping industry in Indonesia. Total returns to shareholders of 222% over the past three years. Reported Earnings • Mar 30
Full year 2023 earnings released: EPS: US$0.005 (vs US$0.013 in FY 2022) Full year 2023 results: EPS: US$0.005 (down from US$0.013 in FY 2022). Revenue: US$772.4m (down 33% from FY 2022). Net income: US$74.6m (down 65% from FY 2022). Profit margin: 9.7% (down from 19% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has increased by 74% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Sep 23
President Director recently bought Rp119m worth of stock On the 20th of September, Bani Mulia bought around 335k shares on-market at roughly Rp356 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Bani has been a buyer over the last 12 months, purchasing a net total of Rp61m worth in shares. Reported Earnings • Aug 04
Second quarter 2023 earnings released: EPS: US$0.001 (vs US$0.004 in 2Q 2022) Second quarter 2023 results: EPS: US$0.001 (down from US$0.004 in 2Q 2022). Revenue: US$190.0m (down 37% from 2Q 2022). Net income: US$24.3m (down 58% from 2Q 2022). Profit margin: 13% (down from 19% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has increased by 96% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 22
Full year 2022 earnings released: EPS: US$0.065 (vs US$0.006 in FY 2021) Full year 2022 results: EPS: US$0.065 (up from US$0.006 in FY 2021). Revenue: US$1.15b (up 71% from FY 2021). Net income: US$212.7m (up 129% from FY 2021). Profit margin: 19% (up from 14% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 143% per year but the company’s share price has increased by 154% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to Rp2,400, the stock trades at a trailing P/E ratio of 2.5x. Average trailing P/E is 8x in the Shipping industry in Indonesia. Total returns to shareholders of 1,057% over the past three years. Board Change • Nov 16
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. 4 non-independent directors. Independent Commissioner Kuntoro Mangkusubroto 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. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: US$0.017 (vs US$0.003 in 2Q 2021) Second quarter 2022 results: EPS: US$0.017 (up from US$0.003 in 2Q 2021). Revenue: US$301.1m (up 106% from 2Q 2021). Net income: US$57.4m (up 454% from 2Q 2021). Profit margin: 19% (up from 7.1% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 131% per year but the company’s share price has only increased by 117% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment improved over the past week After last week's 16% share price gain to Rp2,970, the stock trades at a trailing P/E ratio of 4.7x. Average trailing P/E is 14x in the Shipping industry in Indonesia. Total returns to shareholders of 1,045% over the past three years. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment deteriorated over the past week After last week's 20% share price decline to Rp2,590, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 12x in the Shipping industry in Indonesia. Total returns to shareholders of 788% over the past three years. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 18% share price decline to Rp3,130, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 14x in the Shipping industry in Indonesia. Total returns to shareholders of 1,038% over the past three years. Valuation Update With 7 Day Price Move • May 25
Investor sentiment improved over the past week After last week's 21% share price gain to Rp3,200, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 14x in the Shipping industry in Indonesia. Total returns to shareholders of 1,071% over the past three years. Valuation Update With 7 Day Price Move • May 09
Investor sentiment improved over the past week After last week's 25% share price gain to Rp2,500, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 15x in the Shipping industry in Indonesia. Total returns to shareholders of 872% over the past three years. Reported Earnings • May 04
First quarter 2022 earnings released: EPS: US$0.018 (vs US$0.004 in 1Q 2021) First quarter 2022 results: EPS: US$0.018 (up from US$0.004 in 1Q 2021). Revenue: US$250.1m (up 96% from 1Q 2021). Net income: US$58.4m (up 340% from 1Q 2021). Profit margin: 23% (up from 10% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 88% 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. 4 non-independent directors. Independent Commissioner Kuntoro Mangkusubroto 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. Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improved over the past week After last week's 15% share price gain to Rp1,580, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 15x in the Shipping industry in Indonesia. Total returns to shareholders of 463% over the past three years. Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment improved over the past week After last week's 16% share price gain to Rp1,365, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 15x in the Shipping industry in Indonesia. Total returns to shareholders of 336% over the past three years. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improved over the past week After last week's 15% share price gain to Rp1,070, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 16x in the Shipping industry in Indonesia. Total returns to shareholders of 210% over the past three years. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment improved over the past week After last week's 23% share price gain to Rp1,170, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 18x in the Shipping industry in Indonesia. Total returns to shareholders of 317% over the past three years. Reported Earnings • Aug 05
Second quarter 2021 earnings released: EPS US$0.003 (vs US$0.001 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$146.2m (up 29% from 2Q 2020). Net income: US$10.4m (up 238% from 2Q 2020). Profit margin: 7.1% (up from 2.7% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improved over the past week After last week's 18% share price gain to US$735, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 19x in the Shipping industry in Indonesia. Total returns to shareholders of 145% over the past three years. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improved over the past week After last week's 20% share price gain to US$625, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 17x in the Shipping industry in Indonesia. Total returns to shareholders of 111% over the past three years. Is New 90 Day High Low • Jan 27
New 90-day low: Rp256 The company is down 9.0% from its price of Rp280 on 27 October 2020. The Indonesian market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Shipping industry, which is up 26% over the same period. Is New 90 Day High Low • Dec 05
New 90-day high: Rp310 The company is up 4.0% from its price of Rp298 on 04 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 Shipping industry, which is up 56% over the same period. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total losses of US$11.7m, with losses narrowing by 44% from the prior year. Total revenue was US$481.7m over the last 12 months, up 8.5% from the prior year.