Board Change • May 20
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. 2 experienced directors. 10 highly experienced directors. No independent directors (7 non-independent directors). Independent Commissioner Rizal Lukman 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. Insufficient board refreshment. Duyuru • May 14
PT Indah Kiat Pulp & Paper Tbk, Annual General Meeting, Jun 23, 2026 PT Indah Kiat Pulp & Paper Tbk, Annual General Meeting, Jun 23, 2026. Duyuru • May 09
PT Indah Kiat Pulp & Paper Tbk, Annual General Meeting, Jun 16, 2025 PT Indah Kiat Pulp & Paper Tbk, Annual General Meeting, Jun 16, 2025. Location: jakarta Indonesia Reported Earnings • Nov 03
Third quarter 2024 earnings released: US$0.01 loss per share (vs US$0.01 profit in 3Q 2023) Third quarter 2024 results: US$0.01 loss per share (down from US$0.01 profit in 3Q 2023). Revenue: US$817.8m (up 8.2% from 3Q 2023). Net loss: US$52.7m (down 201% from profit in 3Q 2023). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. New Risk • Sep 17
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 German stocks, typically moving 7.2% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 01
Second quarter 2024 earnings released: EPS: US$0.027 (vs US$0.025 in 2Q 2023) Second quarter 2024 results: EPS: US$0.027 (up from US$0.025 in 2Q 2023). Revenue: US$797.6m (down 8.8% from 2Q 2023). Net income: US$148.0m (up 9.4% from 2Q 2023). Profit margin: 19% (up from 16% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 5% per year. Buy Or Sell Opportunity • Jul 26
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to €0.44. The fair value is estimated to be €0.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 27% in a year. Earnings are forecast to grow by 50% in the next year. Reported Earnings • Jun 17
First quarter 2024 earnings released: EPS: US$0.024 (vs US$0.024 in 1Q 2023) First quarter 2024 results: EPS: US$0.024 (in line with 1Q 2023). Revenue: US$805.2m (down 24% from 1Q 2023). Net income: US$130.8m (down 1.8% from 1Q 2023). Profit margin: 16% (up from 13% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Duyuru • May 15
PT Indah Kiat Pulp & Paper Tbk, Annual General Meeting, Jun 19, 2024 PT Indah Kiat Pulp & Paper Tbk, Annual General Meeting, Jun 19, 2024. Reported Earnings • Nov 08
Third quarter 2023 earnings released: EPS: US$0.01 (vs US$0.046 in 3Q 2022) Third quarter 2023 results: EPS: US$0.01 (down from US$0.046 in 3Q 2022). Revenue: US$756.1m (down 28% from 3Q 2022). Net income: US$52.4m (down 79% from 3Q 2022). Profit margin: 6.9% (down from 24% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 06
Second quarter 2023 earnings released: EPS: US$0.025 (vs US$0.04 in 2Q 2022) Second quarter 2023 results: EPS: US$0.025 (down from US$0.04 in 2Q 2022). Revenue: US$874.8m (down 7.5% from 2Q 2022). Net income: US$135.3m (down 38% from 2Q 2022). Profit margin: 16% (down from 23% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to decline by 1.9% p.a. on average during the next 2 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 08
First quarter 2023 earnings released: EPS: US$0.024 (vs US$0.032 in 1Q 2022) First quarter 2023 results: EPS: US$0.024 (down from US$0.032 in 1Q 2022). Revenue: US$1.06b (up 6.1% from 1Q 2022). Net income: US$133.2m (down 25% from 1Q 2022). Profit margin: 13% (down from 18% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to decline by 2.9% p.a. on average during the next 2 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 17
Full year 2022 earnings released: EPS: US$0.16 (vs US$0.096 in FY 2021) Full year 2022 results: EPS: US$0.16 (up from US$0.096 in FY 2021). Revenue: US$4.00b (up 14% from FY 2021). Net income: US$857.5m (up 63% from FY 2021). Profit margin: 21% (up from 15% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to decline by 2.0% p.a. on average during the next 2 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. 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. 5 experienced directors. 7 highly experienced directors. No independent directors (7 non-independent directors). Independent Commissioner Pande Raka was the last independent director to join the board, commencing their role in 2007. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Apr 27
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. 4 experienced directors. 8 highly experienced directors. No independent directors (7 non-independent directors). Independent Commissioner Deddy Saleh was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Apr 06
Full year 2021 earnings released: EPS: US$0.096 (vs US$0.054 in FY 2020) Full year 2021 results: EPS: US$0.096 (up from US$0.054 in FY 2020). Revenue: US$3.52b (up 18% from FY 2020). Net income: US$527.1m (up 79% from FY 2020). Profit margin: 15% (up from 9.8% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 2.3% compared to a 3.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Jun 26
First quarter 2021 earnings released: EPS US$0.025 (vs US$0.033 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: US$801.3m (up 2.7% from 1Q 2020). Net income: US$139.3m (down 22% from 1Q 2020). Profit margin: 17% (down from 23% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 05
New 90-day high: €0.88 The company is up 58% from its price of €0.56 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.44 per share. Is New 90 Day High Low • Jan 14
New 90-day high: €0.76 The company is up 57% from its price of €0.48 on 16 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.43 per share. Is New 90 Day High Low • Dec 29
New 90-day high: €0.62 The company is up 24% from its price of €0.50 on 30 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 14% over the same period. Is New 90 Day High Low • Dec 08
New 90-day high: €0.59 The company is up 18% from its price of €0.50 on 09 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 13% over the same period. Reported Earnings • Nov 19
Third quarter 2020 earnings released: EPS US$0.015 The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2020 results: Revenue: US$707.8m (down 21% from 3Q 2019). Net income: US$84.2m (down 7.7% from 3Q 2019). Profit margin: 12% (up from 10% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Nov 07
New 90-day high: €0.56 The company is up 22% from its price of €0.46 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 12% over the same period.