New Risk • Jun 09
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 12% 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 Earnings have declined by 2.2% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (0% payout ratio). Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (Rp1.25t market cap, or US$68.6m). Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to Rp790, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 8x in the Infrastructure industry in Indonesia. Total returns to shareholders of 41% over the past three years. Valuation Update With 7 Day Price Move • May 21
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to Rp915, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 9x in the Infrastructure industry in Indonesia. Total returns to shareholders of 64% over the past three years. Reported Earnings • May 05
First quarter 2026 earnings released: EPS: Rp9.05 (vs Rp0.085 in 1Q 2025) First quarter 2026 results: EPS: Rp9.05 (up from Rp0.085 in 1Q 2025). Revenue: Rp85.0b (up 19% from 1Q 2025). Net income: Rp11.6b (up Rp11.5b from 1Q 2025). Profit margin: 14% (up from 0.2% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Announcement • Apr 03
PT Dana Brata Luhur Tbk announces Annual dividend, payable on April 24, 2026 PT Dana Brata Luhur Tbk announced Annual dividend of IDR 156.0000 per share payable on April 24, 2026, ex-date on April 09, 2026 and record date on April 10, 2026. Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to Rp1,445, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 10x in the Infrastructure industry in Indonesia. Total returns to shareholders of 139% over the past three years. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to Rp1,215, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 10x in the Infrastructure industry in Indonesia. Total returns to shareholders of 120% over the past three years. Reported Earnings • Mar 06
Full year 2025 earnings released: EPS: Rp103 (vs Rp104 in FY 2024) Full year 2025 results: EPS: Rp103 (down from Rp104 in FY 2024). Revenue: Rp483.2b (down 15% from FY 2024). Net income: Rp132.7b (flat on FY 2024). Profit margin: 28% (up from 24% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Announcement • Feb 20
PT Dana Brata Luhur Tbk, Annual General Meeting, Mar 30, 2026 PT Dana Brata Luhur Tbk, Annual General Meeting, Mar 30, 2026. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to Rp1,750, the stock trades at a trailing P/E ratio of 17.6x. Average trailing P/E is 10x in the Infrastructure industry in Indonesia. Total returns to shareholders of 216% over the past three years. Buy Or Sell Opportunity • Feb 18
Now 26% overvalued Over the last 90 days, the stock has fallen 28% to Rp1,700. The fair value is estimated to be Rp1,347, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Earnings per share has declined by 41%. New Risk • Feb 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: Rp1.61t (US$95.1m) This is considered a minor 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: Minor Risks Dividend is not well covered by earnings (95% payout ratio). Market cap is less than US$100m (Rp1.61t market cap, or US$95.1m). Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to Rp1,905, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 10x in the Infrastructure industry in Indonesia. Total returns to shareholders of 231% over the past three years. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to Rp2,180, the stock trades at a trailing P/E ratio of 21.9x. Average trailing P/E is 12x in the Infrastructure industry in Indonesia. Total returns to shareholders of 279% over the past three years. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to Rp2,500, the stock trades at a trailing P/E ratio of 25.2x. Average trailing P/E is 10x in the Infrastructure industry in Indonesia. Total returns to shareholders of 314% over the past three years. Reported Earnings • Nov 04
Third quarter 2025 earnings released: EPS: Rp41.84 (vs Rp34.29 in 3Q 2024) Third quarter 2025 results: EPS: Rp41.84 (up from Rp34.29 in 3Q 2024). Revenue: Rp152.4b (down 9.6% from 3Q 2024). Net income: Rp53.8b (up 22% from 3Q 2024). Profit margin: 35% (up from 26% 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 41% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings. Announcement • Apr 14
PT Dana Brata Luhur Tbk, Annual General Meeting, May 20, 2025 PT Dana Brata Luhur Tbk, Annual General Meeting, May 20, 2025. Location: jakarta Indonesia Upcoming Dividend • Nov 04
Upcoming dividend of Rp20.00 per share Eligible shareholders must have bought the stock before 11 November 2024. Payment date: 21 November 2024. Payout ratio is a comfortable 71% and the cash payout ratio is 98%. Trailing yield: 16%. Within top quartile of Indonesian dividend payers (5.8%). Higher than average of industry peers (2.7%). Reported Earnings • Nov 02
Third quarter 2024 earnings released: EPS: Rp34.29 (vs Rp42.46 in 3Q 2023) Third quarter 2024 results: EPS: Rp34.29 (down from Rp42.46 in 3Q 2023). Revenue: Rp168.6b (up 13% from 3Q 2023). Net income: Rp44.1b (down 19% from 3Q 2023). Profit margin: 26% (down from 37% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year and the company’s share price has also fallen by 1% per year. Upcoming Dividend • Aug 06
Upcoming dividend of Rp15.00 per share Eligible shareholders must have bought the stock before 13 August 2024. Payment date: 26 August 2024. Payout ratio is a comfortable 66% and the cash payout ratio is 86%. Trailing yield: 15%. Within top quartile of Indonesian dividend payers (6.3%). Higher than average of industry peers (2.9%). Reported Earnings • Aug 03
Second quarter 2024 earnings released: EPS: Rp13.78 (vs Rp39.32 in 2Q 2023) Second quarter 2024 results: EPS: Rp13.78 (down from Rp39.32 in 2Q 2023). Revenue: Rp126.4b (down 10% from 2Q 2023). Net income: Rp17.7b (down 65% from 2Q 2023). Profit margin: 14% (down from 36% in 2Q 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: Rp19.48 (vs Rp51.94 in 1Q 2023) First quarter 2024 results: EPS: Rp19.48 (down from Rp51.94 in 1Q 2023). Revenue: Rp97.3b (down 42% from 1Q 2023). Net income: Rp25.0b (down 63% from 1Q 2023). Profit margin: 26% (down from 40% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. New Risk • Mar 30
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. 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 (Rp1.01t market cap, or US$63.5m). Buy Or Sell Opportunity • Mar 26
Now 20% undervalued Over the last 90 days, the stock has risen 1.9% to Rp785. The fair value is estimated to be Rp982, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 98% over the last year. Earnings per share has grown by 143%. Buy Or Sell Opportunity • Feb 22
Now 21% undervalued Over the last 90 days, the stock has risen 3.4% to Rp770. The fair value is estimated to be Rp971, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 98% over the last year. Earnings per share has grown by 143%. Buying Opportunity • Jan 09
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 3.7%. The fair value is estimated to be Rp980, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 98% over the last year. Earnings per share has grown by 143%. Buying Opportunity • Dec 12
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 8.3%. The fair value is estimated to be Rp974, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 98% over the last year. Earnings per share has grown by 143%. Upcoming Dividend • Sep 11
Upcoming dividend of Rp30.00 per share at 14% yield Eligible shareholders must have bought the stock before 18 September 2023. Payment date: 29 September 2023. Trailing yield: 14%. Within top quartile of Indonesian dividend payers (5.4%). Higher than average of industry peers (3.7%). Reported Earnings • Sep 07
Second quarter 2023 earnings released: EPS: Rp39.31 (vs Rp53.62 in 2Q 2022) Second quarter 2023 results: EPS: Rp39.31 (down from Rp53.62 in 2Q 2022). Revenue: Rp141.0b (down 19% from 2Q 2022). Net income: Rp50.5b (down 27% from 2Q 2022). Profit margin: 36% (down from 40% 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 102% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Buying Opportunity • Aug 14
Now 21% undervalued Over the last 90 days, the stock is up 7.7%. The fair value is estimated to be Rp1,054, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 90%. Valuation Update With 7 Day Price Move • May 09
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to Rp780, the stock trades at a trailing P/E ratio of 2.8x. Average trailing P/E is 10x in the Infrastructure industry in Indonesia. Total loss to shareholders of 41% over the past three years. Reported Earnings • May 07
First quarter 2023 earnings released: EPS: Rp51.94 (vs Rp26.61 in 1Q 2022) First quarter 2023 results: EPS: Rp51.94 (up from Rp26.61 in 1Q 2022). Revenue: Rp168.7b (up 64% from 1Q 2022). Net income: Rp66.7b (up 95% from 1Q 2022). Profit margin: 40% (up from 33% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: Rp253 (vs Rp128 in FY 2021) Full year 2022 results: EPS: Rp253 (up from Rp128 in FY 2021). Revenue: Rp781.8b (up 75% from FY 2021). Net income: Rp325.4b (up 98% from FY 2021). Profit margin: 42% (up from 37% 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 90% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Upcoming Dividend • Oct 03
Upcoming dividend of Rp25.00 per share Eligible shareholders must have bought the stock before 10 October 2022. Payment date: 28 October 2022. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 5.9%. Within top quartile of Indonesian dividend payers (4.9%). Higher than average of industry peers (4.4%). Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 17% share price decline to Rp805, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 18x in the Infrastructure industry in Indonesia. Total returns to shareholders of 105% over the past year. Reported Earnings • Jun 03
First quarter 2022 earnings released: EPS: Rp26.61 (vs Rp2.14 in 1Q 2021) First quarter 2022 results: EPS: Rp26.61 (up from Rp2.14 in 1Q 2021). Revenue: Rp103.0b (up 115% from 1Q 2021). Net income: Rp34.2b (up Rp31.4b from 1Q 2021). Profit margin: 33% (up from 5.7% in 1Q 2021). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improved over the past week After last week's 18% share price gain to Rp920, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 19x in the Infrastructure industry in Indonesia. Total returns to shareholders of 117% over the past year. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improved over the past week After last week's 16% share price gain to Rp700, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 22x in the Infrastructure industry in Indonesia. Total returns to shareholders of 36% over the past year. Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment improved over the past week After last week's 26% share price gain to Rp496, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 25x in the Infrastructure industry in Indonesia. Total loss to shareholders of 65% over the past year. Reported Earnings • Aug 30
Second quarter 2021 earnings released: EPS Rp29.02 (vs Rp12.04 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: Rp93.7b (up 139% from 2Q 2020). Net income: Rp37.4b (up Rp49.4b from 2Q 2020). Profit margin: 40% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment deteriorated over the past week After last week's 16% share price decline to Rp386, the stock trades at a trailing P/E ratio of 74.4x. Average trailing P/E is 28x in the Infrastructure industry in Indonesia. Total loss to shareholders of 72% over the past year. Is New 90 Day High Low • Feb 20
New 90-day low: Rp448 The company is down 33% from its price of Rp670 on 20 November 2020. The Indonesian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Infrastructure industry, which is up 13% over the same period. Is New 90 Day High Low • Feb 04
New 90-day low: Rp458 The company is down 54% from its price of Rp995 on 06 November 2020. The Indonesian market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Infrastructure industry, which is up 19% over the same period. Is New 90 Day High Low • Dec 10
New 90-day low: Rp560 The company is down 60% from its price of Rp1,400 on 09 September 2020. The Indonesian market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Infrastructure industry, which is up 27% over the same period. Reported Earnings • Dec 03
Third quarter 2020 earnings released: EPS Rp4.87 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: Rp52.0b (down 57% from 3Q 2019). Net income: Rp4.87b (down 68% from 3Q 2019). Profit margin: 9.4% (down from 13% in 3Q 2019). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Nov 11
Market pulls back on stock over the past week After last week's 23% share price decline to Rp865, the stock is trading at a trailing P/E ratio of 77.6x, down from the previous P/E ratio of 101.3x. This compares to an average P/E of 21x in the Infrastructure industry in Indonesia. Announcement • Aug 19
PT Robust Buana Tunggal acquired 5% stake in PT Dana Brata Luhur (IDX:TEBE) for IDR 70.4 billion. PT Robust Buana Tunggal acquired 5% stake in PT Dana Brata Luhur (IDX:TEBE) for IDR 70.4 billion on August 5, 2020. PT Robust Buana Tunggal acquired 64.2 million shares for IDR 1096 each.
PT Robust Buana Tunggal completed the acquisition of 5% stake in PT Dana Brata Luhur (IDX:TEBE) on August 5, 2020.