Board Change • May 21
No independent directors There are 10 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: 10 new directors. 1 experienced director. No highly experienced directors. No independent directors (6 non-independent directors). Director of Operation & Production and Director . Hartono is the most experienced director on the board, commencing their role in 2023. Independent Commissioner Pius Lustrilanang was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Duyuru • May 05
PT Aneka Tambang Tbk, Annual General Meeting, Jun 10, 2026 PT Aneka Tambang Tbk, Annual General Meeting, Jun 10, 2026. Duyuru • Jun 19
PT Aneka Tambang Tbk Appoints Ratih Dewihandajani L. as Director, Effective 12 June 2025 PT Aneka Tambang Tbk appointed Ratih Dewihandajani L. as director, date of appointment is 12 June 2025. Duyuru • Jun 13
PT Aneka Tambang Tbk Announces a Dividend Distribution PT Aneka Tambang Tbk announced a dividend distribution of IDR 3.65 trillion or 100% from net profit attributable to the owners of the parent of the company. Duyuru • May 07
PT Aneka Tambang Tbk, Annual General Meeting, Jun 12, 2025 PT Aneka Tambang Tbk, Annual General Meeting, Jun 12, 2025. Board Change • Dec 30
No independent directors There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. 4 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). President Director Nicolas Kanter is the most experienced director on the board, commencing their role in 2021. Independent Commissioner Gumilar Somantri 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. Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: Rp27.08 (vs Rp39.90 in 3Q 2023) Third quarter 2024 results: EPS: Rp27.08 (down from Rp39.90 in 3Q 2023). Revenue: Rp20t (up 117% from 3Q 2023). Net income: Rp650.7b (down 32% from 3Q 2023). Profit margin: 3.3% (down from 10% in 3Q 2023). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 30
Second quarter 2024 earnings released: EPS: Rp54.60 (vs Rp9.43 in 2Q 2023) Second quarter 2024 results: EPS: Rp54.60 (up from Rp9.43 in 2Q 2023). Revenue: Rp15t (up 45% from 2Q 2023). Net income: Rp1.31t (up 479% from 2Q 2023). Profit margin: 9.0% (up from 2.3% in 2Q 2023). Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. New Risk • May 01
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.3% Last year net profit margin: 8.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (26% average weekly change). Minor Risks Dividend is not well covered by cash flows (149% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.3% net profit margin). Buy Or Sell Opportunity • Apr 26
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.3% to €0.077. The fair value is estimated to be €0.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 30%. For the next 3 years, revenue is forecast to grow by 6.8% per annum. Earnings are also forecast to grow by 8.8% per annum over the same time period. New Risk • Apr 02
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 32% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (26% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Mar 31
Full year 2023 earnings released: EPS: Rp128 (vs Rp159 in FY 2022) Full year 2023 results: EPS: Rp128 (down from Rp159 in FY 2022). Revenue: Rp41t (down 11% from FY 2022). Net income: Rp3.08t (down 20% from FY 2022). Profit margin: 7.5% (down from 8.3% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 1.2% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Mar 27
Now 30% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to €0.10. The fair value is estimated to be €0.079, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 43%. Revenue is forecast to grow by 1.6% in 2 years. Earnings are forecast to decline by 13% in the next 2 years. Buy Or Sell Opportunity • Mar 08
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to €0.10. The fair value is estimated to be €0.081, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 43%. Revenue is forecast to grow by 1.6% in 2 years. Earnings are forecast to decline by 13% in the next 2 years. New Risk • Jan 22
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.5% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings are forecast to decline by an average of 3.5% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Buying Opportunity • Jan 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 6.6%. The fair value is estimated to be €0.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 43%. Revenue is forecast to grow by 3.3% in 2 years. Earnings is forecast to grow by 2.4% in the next 2 years. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: Rp39.90 (vs Rp45.81 in 3Q 2022) Third quarter 2023 results: EPS: Rp39.90 (down from Rp45.81 in 3Q 2022). Revenue: Rp9.24t (down 38% from 3Q 2022). Net income: Rp958.8b (down 13% from 3Q 2022). Profit margin: 10% (up from 7.4% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Oct 24
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be €0.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 5.4% in 2 years. Earnings is forecast to grow by 8.1% in the next 2 years. Reported Earnings • Sep 01
Second quarter 2023 earnings released: EPS: Rp9.43 (vs Rp2.52 in 2Q 2022) Second quarter 2023 results: EPS: Rp9.43 (up from Rp2.52 in 2Q 2022). Revenue: Rp10t (up 12% from 2Q 2022). Net income: Rp226.6b (up 275% from 2Q 2022). Profit margin: 2.3% (up from 0.7% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 03
First quarter 2023 earnings released: EPS: Rp69.21 (vs Rp60.98 in 1Q 2022) First quarter 2023 results: EPS: Rp69.21 (up from Rp60.98 in 1Q 2022). Revenue: Rp12t (up 19% from 1Q 2022). Net income: Rp1.66t (up 14% from 1Q 2022). Profit margin: 14% (in line with 1Q 2022). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 1.2% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has increased by 78% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 28
Full year 2022 earnings released: EPS: Rp159 (vs Rp77.47 in FY 2021) Full year 2022 results: EPS: Rp159 (up from Rp77.47 in FY 2021). Revenue: Rp46t (up 20% from FY 2021). Net income: Rp3.82t (up 105% from FY 2021). Profit margin: 8.3% (up from 4.8% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to fall by 1.6% p.a. on average during the next 3 years compared to a 1.3% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has increased by 94% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jan 19
Hong Kong CBL Limited agreed to acquire an unknown minority stake in PT Sumberdaya Arindo from PT Aneka Tambang Tbk. Hong Kong CBL Limited agreed to acquire an unknown minority stake in PT Sumberdaya Arindo from PT Aneka Tambang Tbk on January 16, 2023. Reported Earnings • Dec 18
Third quarter 2022 earnings released: EPS: Rp45.81 (vs Rp22.89 in 3Q 2021) Third quarter 2022 results: EPS: Rp45.81 (up from Rp22.89 in 3Q 2021). Revenue: Rp15t (up 62% from 3Q 2021). Net income: Rp1.10t (up 100% from 3Q 2021). Profit margin: 7.4% (up from 6.0% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 2.9% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. 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. 5 non-independent directors. Independent President Commissioner F.X. Sutijastoto was the last independent director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 06
Second quarter 2022 earnings released: EPS: Rp2.52 (vs Rp22.06 in 2Q 2021) Second quarter 2022 results: EPS: Rp2.52 (down from Rp22.06 in 2Q 2021). Revenue: Rp9.03t (up 12% from 2Q 2021). Net income: Rp60.5b (down 89% from 2Q 2021). Profit margin: 0.7% (down from 6.6% in 2Q 2021). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.3% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 30
Upcoming dividend of Rp38.74 per share Eligible shareholders must have bought the stock before 06 June 2022. Payment date: 24 June 2022. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (4.3%). Lower than average of industry peers (7.6%). Reported Earnings • May 24
First quarter 2022 earnings released: EPS: Rp60.98 (vs Rp26.23 in 1Q 2021) First quarter 2022 results: EPS: Rp60.98 (up from Rp26.23 in 1Q 2021). Revenue: Rp9.75t (up 5.8% from 1Q 2021). Net income: Rp1.47t (up 133% from 1Q 2021). Profit margin: 15% (up from 6.8% in 1Q 2021). Over the next year, revenue is forecast to grow 11%, compared to a 37% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
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). Independent Commissioner Anang Kusuwardono is the most experienced director on the board, commencing their role in 2017. Independent President Commissioner F.X. Sutijastoto was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Buying Opportunity • Mar 22
Now 23% undervalued Over the last 90 days, the stock is up 7.2%. The fair value is estimated to be Rp0.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% per annum over the last 3 years. Earnings per share has grown by 17% per annum over the last 3 years. Reported Earnings • Mar 17
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: Rp77.47 (up from Rp47.83 in FY 2020). Revenue: Rp38t (up 41% from FY 2020). Net income: Rp1.86t (up 62% from FY 2020). Profit margin: 4.8% (up from 4.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 11%. Over the next year, revenue is expected to shrink by 2.6% compared to a 30% growth forecast for the mining industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 13
Full year 2021 earnings released: EPS Rp94.91 (vs Rp5.99 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: Rp35t (up 35% from FY 2020). Net income: Rp2.28t (up Rp2.14t from FY 2020). Profit margin: 6.5% (up from 0.5% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Sep 29
Second quarter 2021 earnings released: EPS Rp22.06 (vs Rp15.26 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: Rp8.06t (up 100% from 2Q 2020). Net income: Rp530.0b (up 45% from 2Q 2020). Profit margin: 6.6% (down from 9.1% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 04
First quarter 2021 earnings released: EPS Rp26.23 (vs Rp11.73 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: Rp9.21t (up 77% from 1Q 2020). Net income: Rp630.4b (up Rp912.2b from 1Q 2020). Profit margin: 6.8% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 48% per year, which means it is well ahead of earnings. Executive Departure • Apr 09
Director of Commerce & Director has left the company On the 7th of April, Aprilandi Setia's tenure as Director of Commerce & Director ended after 2.0 years in the role. As of December 2020, Aprilandi personally held only 31.00k shares (€3.4k worth at the time). A total of 2 executives have left over the last 12 months. Reported Earnings • Mar 16
Full year 2020 earnings released: EPS Rp47.83 (vs Rp8.07 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: Rp27t (down 16% from FY 2019). Net income: Rp1.15t (up 493% from FY 2019). Profit margin: 4.2% (up from 0.6% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 56% per year, which means it is well ahead of earnings. Duyuru • Feb 22
PT Aneka Tambang Tbk, Annual General Meeting, Mar 31, 2021 PT Aneka Tambang Tbk, Annual General Meeting, Mar 31, 2021. Is New 90 Day High Low • Jan 21
New 90-day high: €0.21 The company is up 308% from its price of €0.052 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 54% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.078 per share. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of Rp406.2b, down 75% from the prior year. Total revenue was Rp26t over the last 12 months, down 12% from the prior year.