Declared Dividend • Jun 29
Dividend of Rp4.00 announced Dividend of Rp4.00 is the same as last year. Ex-date: 3rd July 2026 Payment date: 24th July 2026 Dividend yield will be 0.6%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (8% earnings payout ratio) and cash flows (4% cash payout ratio). The dividend has remained flat since 3 years ago. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • Jun 28
PT Map Aktif Adiperkasa Tbk announces Annual dividend, payable on July 24, 2026 PT Map Aktif Adiperkasa Tbk announced Annual dividend of IDR 4.0000 per share payable on July 24, 2026, ex-date on July 03, 2026 and record date on July 06, 2026. Tillkännagivande • Jun 11
PT Map Aktif Adiperkasa Tbk to Report Q1, 2026 Results on Jun 24, 2026 PT Map Aktif Adiperkasa Tbk announced that they will report Q1, 2026 results on Jun 24, 2026 Tillkännagivande • Jun 10
PT Map Aktif Adiperkasa Tbk to Report Fiscal Year 2025 Results on Jun 24, 2026 PT Map Aktif Adiperkasa Tbk announced that they will report fiscal year 2025 results at 12:30 PM, SE Asia Standard Time on Jun 24, 2026 Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to Rp530, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Specialty Retail industry in Indonesia. Total loss to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp646 per share. Tillkännagivande • May 20
PT Map Aktif Adiperkasa Tbk, Annual General Meeting, Jun 24, 2026 PT Map Aktif Adiperkasa Tbk, Annual General Meeting, Jun 24, 2026. Reported Earnings • May 01
First quarter 2026 earnings released: EPS: Rp17.00 (vs Rp11.93 in 1Q 2025) First quarter 2026 results: EPS: Rp17.00 (up from Rp11.93 in 1Q 2025). Revenue: Rp4.95t (up 15% from 1Q 2025). Net income: Rp470.6b (up 38% from 1Q 2025). Profit margin: 9.5% (up from 7.9% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Specialty Retail industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 6% per year. Reported Earnings • Apr 01
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: Rp60.00 (up from Rp47.50 in FY 2024). Revenue: Rp19t (up 12% from FY 2024). Net income: Rp1.72t (up 27% from FY 2024). Profit margin: 8.9% (up from 7.9% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Specialty Retail industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 12% per year. Buy Or Sell Opportunity • Feb 03
Now 23% overvalued Over the last 90 days, the stock has fallen 8.2% to Rp730. The fair value is estimated to be Rp592, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 6.8%. Revenue is forecast to grow by 31% in 2 years. Earnings are forecast to grow by 48% in the next 2 years. Reported Earnings • Nov 04
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: Rp17.83 (down from Rp18.06 in 3Q 2024). Revenue: Rp5.15t (up 14% from 3Q 2024). Net income: Rp499.6b (down 2.9% from 3Q 2024). Profit margin: 9.7% (down from 11% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) also surpassed analyst estimates by 27%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Specialty Retail industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Oct 28
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to Rp715. The fair value is estimated to be Rp574, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 44% in the next 2 years. Board Change • Oct 24
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 6 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director Miquel Staal is the most experienced director on the board, commencing their role in 2018. Independent Commissioner Hendry Batubara was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Tillkännagivande • Jul 03
PT Map Aktif Adiperkasa Tbk announces Annual dividend, payable on July 28, 2025 PT Map Aktif Adiperkasa Tbk announced Annual dividend of IDR 4.0000 per share payable on July 28, 2025, ex-date on July 09, 2025 and record date on July 10, 2025. Tillkännagivande • May 22
PT Map Aktif Adiperkasa Tbk, Annual General Meeting, Jun 30, 2025 PT Map Aktif Adiperkasa Tbk, Annual General Meeting, Jun 30, 2025. Price Target Changed • Nov 08
Price target increased by 9.2% to Rp1,156 Up from Rp1,059, the current price target is an average from 7 analysts. New target price is 12% above last closing price of Rp1,035. Stock is up 36% over the past year. The company is forecast to post earnings per share of Rp50.98 for next year compared to Rp48.71 last year. Reported Earnings • Nov 02
Third quarter 2024 earnings released: EPS: Rp18.56 (vs Rp13.17 in 3Q 2023) Third quarter 2024 results: EPS: Rp18.56 (up from Rp13.17 in 3Q 2023). Revenue: Rp4.53t (up 25% from 3Q 2023). Net income: Rp514.7b (up 37% from 3Q 2023). Profit margin: 11% (up from 10% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Specialty Retail industry in Indonesia. 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 51% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to Rp1,085, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 8x in the Specialty Retail industry in Indonesia. Total returns to shareholders of 246% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp974 per share. Buy Or Sell Opportunity • Aug 08
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at Rp830. The fair value is estimated to be Rp1,046, 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 54%. Revenue is forecast to grow by 39% in 2 years. Earnings are forecast to grow by 61% in the next 2 years. Reported Earnings • Aug 03
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: Rp4.19t (up 29% from 2Q 2023). Net income: Rp305.5b (down 22% from 2Q 2023). Profit margin: 7.3% (down from 12% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Specialty Retail industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 65% per year whereas the company’s share price has increased by 66% per year. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to Rp860, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 8x in the Specialty Retail industry in Indonesia. Total returns to shareholders of 358% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp1,059 per share. Price Target Changed • Jul 03
Price target decreased by 8.2% to Rp1,059 Down from Rp1,153, the current price target is an average from 5 analysts. New target price is 44% above last closing price of Rp735. Stock is up 6.9% over the past year. The company is forecast to post earnings per share of Rp53.96 for next year compared to Rp48.71 last year. Tillkännagivande • May 24
PT Map Aktif Adiperkasa Tbk, Annual General Meeting, Jun 27, 2024 PT Map Aktif Adiperkasa Tbk, Annual General Meeting, Jun 27, 2024. Recent Insider Transactions • May 03
Director recently bought Rp3.0b worth of stock On the 30th of April, Miquel Staal bought around 4m shares on-market at roughly Rp800 per share. This transaction amounted to 37% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold Rp21b more in shares than they bought in the last 12 months. Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: Rp10.00 (vs Rp9.61 in 1Q 2023) First quarter 2024 results: EPS: Rp10.00 (up from Rp9.61 in 1Q 2023). Revenue: Rp3.69t (up 36% from 1Q 2023). Net income: Rp281.4b (up 2.7% from 1Q 2023). Profit margin: 7.6% (down from 10% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Specialty Retail industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Apr 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.6% to Rp935. The fair value is estimated to be Rp1,187, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Earnings per share has grown by 81%. For the next 3 years, revenue is forecast to grow by 19% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Tillkännagivande • Apr 03
PT Map Aktif Adiperkasa Tbk Ordinary Shares to be deleted from OTC Equity PT Map Aktif Adiperkasa Tbk Ordinary Shares will be deleted from OTC Equity effective April 02, 2024, due to inactive security. Reported Earnings • Mar 30
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: Rp49.00 (up from Rp41.21 in FY 2022). Revenue: Rp14t (up 38% from FY 2022). Net income: Rp1.39t (up 18% from FY 2022). Profit margin: 10% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 1.6%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Specialty Retail industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 70% per year, which means it is significantly lagging earnings growth. New Risk • Mar 15
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: Rp5.3b This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (28% accrual ratio). Minor Risk Significant insider selling over the past 3 months (Rp5.3b sold). Buy Or Sell Opportunity • Feb 19
Now 21% undervalued Over the last 90 days, the stock has risen 21% to Rp970. The fair value is estimated to be Rp1,221, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 92%. Revenue is forecast to grow by 53% in 2 years. Earnings are forecast to grow by 53% in the next 2 years. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: Rp12.69 (vs Rp11.65 in 3Q 2022) Third quarter 2023 results: EPS: Rp12.69 (up from Rp11.65 in 3Q 2022). Revenue: Rp3.61t (up 43% from 3Q 2022). Net income: Rp375.3b (up 13% from 3Q 2022). Profit margin: 10% (down from 13% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Specialty Retail industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Sep 29
Director recently bought Rp915m worth of stock On the 26th of September, Miquel Staal bought around 1m shares on-market at roughly Rp775 per share. This transaction amounted to 9.6% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth Rp2.4b. Despite this recent purchase, insiders have collectively sold Rp14b more in shares than they bought in the last 12 months. New Risk • Jul 29
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 28
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: Rp3.25t (up 37% from 2Q 2022). Net income: Rp389.8b (up 28% from 2Q 2022). Profit margin: 12% (in line with 2Q 2022). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Specialty Retail industry in Indonesia. Price Target Changed • Jun 28
Price target increased by 16% to Rp5,740 Up from Rp4,930, the current price target is an average from 4 analysts. New target price is 16% below last closing price of Rp6,800. Stock is up 118% over the past year. The company is forecast to post earnings per share of Rp459 for next year compared to Rp412 last year. Valuation Update With 7 Day Price Move • May 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to Rp5,900, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Specialty Retail industry in Indonesia. Total returns to shareholders of 165% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp4,294 per share. Major Estimate Revision • May 05
Consensus revenue estimates increase by 20% The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from Rp10.6b to Rp12.8b. EPS estimate increased from Rp419 to Rp477 per share. Net income forecast to grow 12% next year vs 12% growth forecast for Specialty Retail industry in Indonesia. Consensus price target up from Rp4,930 to Rp5,040. Share price rose 10% to Rp5,075 over the past week. Reported Earnings • Mar 30
Full year 2022 earnings released: EPS: Rp412 (vs Rp90.30 in FY 2021) Full year 2022 results: EPS: Rp412 (up from Rp90.30 in FY 2021). Revenue: Rp9.80t (up 62% from FY 2021). Net income: Rp1.17t (up 356% from FY 2021). Profit margin: 12% (up from 4.3% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Specialty Retail industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 44% per year whereas the company’s share price has increased by 41% per year. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to Rp4,140, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Specialty Retail industry in Asia. Total loss to shareholders of 5.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp2,249 per share. Price Target Changed • Jan 28
Price target increased by 7.6% to Rp4,805 Up from Rp4,465, the current price target is an average from 4 analysts. New target price is 37% above last closing price of Rp3,520. Stock is up 54% over the past year. The company is forecast to post earnings per share of Rp376 for next year compared to Rp90.30 last year. Major Estimate Revision • Jan 11
Consensus EPS estimates increase by 21% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from Rp8.76b to Rp9.33b. EPS estimate increased from Rp311 to Rp375 per share. Net income forecast to shrink 0.5% next year vs 12% growth forecast for Specialty Retail industry in Indonesia . Consensus price target up from Rp4,265 to Rp4,465. Share price was steady at Rp3,540 over the past week. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improved over the past week After last week's 18% share price gain to Rp4,160, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Specialty Retail industry in Asia. Total loss to shareholders of 24% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp4,091 per share. Board Change • Nov 16
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. 8 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). President Commissioner Virendra Sharma was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improved over the past week After last week's 17% share price gain to Rp3,360, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Specialty Retail industry in Asia. Total loss to shareholders of 34% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp2,536 per share. Buying Opportunity • Jul 05
Now 20% undervalued Over the last 90 days, the stock is up 10%. The fair value is estimated to be Rp3,565, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.9% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 44% in 2 years. Earnings is forecast to grow by 123% in the next 2 years. Reported Earnings • Jun 24
First quarter 2022 earnings released: EPS: Rp59.00 (vs Rp1.78 in 1Q 2021) First quarter 2022 results: EPS: Rp59.00 (up from Rp1.78 in 1Q 2021). Revenue: Rp1.92t (up 50% from 1Q 2021). Net income: Rp168.8b (up Rp163.7b from 1Q 2021). Profit margin: 8.8% (up from 0.4% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 26%, compared to a 16% growth forecast for the industry in Indonesia. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Buying Opportunity • Jun 02
Now 21% undervalued Over the last 90 days, the stock is up 20%. The fair value is estimated to be Rp3,953, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.6% over the last 3 years. Earnings per share has declined by 55%. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings is also forecast to grow by 36% per annum over the same time period. Valuation Update With 7 Day Price Move • May 23
Investor sentiment improved over the past week After last week's 16% share price gain to Rp3,240, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Specialty Retail industry in Asia. Total loss to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp4,699 per share. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Independent Commissioner Atiff Ibrahim Gill was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 13
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: Rp90.00 (up from Rp0.73 in FY 2020). Revenue: Rp6.04t (up 26% from FY 2020). Net income: Rp257.4b (up Rp255.3b from FY 2020). Profit margin: 4.3% (up from 0% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 232%. Over the next year, revenue is forecast to grow 21%, compared to a 18% growth forecast for the retail industry in Indonesia. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improved over the past week After last week's 22% share price gain to Rp3,190, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the Specialty Retail industry in Asia. Total loss to shareholders of 51% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp4,614 per share. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improved over the past week After last week's 16% share price gain to Rp2,640, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 17x in the Specialty Retail industry in Asia. Total loss to shareholders of 46% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp4,484 per share. Reported Earnings • Nov 15
Third quarter 2021 earnings released The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: Rp930.8b (down 15% from 3Q 2020). Net loss: Rp102.8b (loss widened 191% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 52% 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. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improved over the past week After last week's 17% share price gain to Rp3,190, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 17x in the Specialty Retail industry in Asia. Total loss to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp4,635 per share. Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment improved over the past week After last week's 17% share price gain to Rp2,630, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 18x in the Specialty Retail industry in Asia. Total loss to shareholders of 37% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp4,068 per share. Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment improved over the past week After last week's 16% share price gain to Rp2,250, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the Specialty Retail industry in Asia. Total loss to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp3,994 per share. Reported Earnings • May 15
Third quarter 2020 earnings released: Rp12.42 loss per share (vs Rp60.26 profit in 3Q 2019) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2020 results: Revenue: Rp1.09t (down 43% from 3Q 2019). Net loss: Rp35.4b (down 121% from profit in 3Q 2019). Major Estimate Revision • Dec 09
Analysts update estimates The company is forecast to report a loss instead of a profit in 2020 with analysts lowering their consensus EPS forecasts from Rp8.99 to -Rp31.93. Revenue estimate was approximately flat at Rp4.60b. The Specialty Retail industry in Indonesia is expected to see an average net income growth of 28% next year. The consensus price target was lowered from Rp3,510 to Rp3,503. Share price is up 8.8% to Rp2,960 over the past week. Reported Earnings • Nov 27
Third quarter 2020 earnings released: Rp12.59 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: Rp1.09t (down 42% from 3Q 2019). Net loss: Rp35.4b (down 120% from profit in 3Q 2019). Analyst Estimate Surprise Post Earnings • Nov 27
Revenue and earnings miss expectations Revenue missed analyst estimates by 0.3%. Earnings per share (EPS) also missed analyst estimates by 7.9%. Over the next year, revenue is forecast to grow 14%, compared to a 19% growth forecast for the Specialty Retail industry in Indonesia. Major Estimate Revision • Nov 26
Analysts update estimates The 2020 consensus revenue estimate increased from Rp4.53b to Rp4.61b. The company's losses in 2020 are expected to worsen with analysts lowering their EPS forecasts from -Rp17.55 to -Rp29.30. The Specialty Retail industry in Indonesia is expected to see an average net income growth of 22% next year. The consensus price target increased from Rp3,410 to Rp3,510. Share price is up 4.1% to Rp2,520 over the past week. Is New 90 Day High Low • Nov 24
New 90-day high: Rp2,500 The company is up 6.0% from its price of Rp2,350 on 26 August 2020. The Indonesian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp3,203 per share. Is New 90 Day High Low • Nov 03
New 90-day low: Rp1,930 The company is down 8.0% from its price of Rp2,100 on 05 August 2020. The Indonesian market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp1,361 per share.