New Risk • Jun 17
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: Rp175.0b (US$9.80m) This is considered a major 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: Major Risks Interest payments are not well covered by earnings (0.7x net interest cover). Earnings have declined by 38% per year over the past 5 years. Market cap is less than US$10m (Rp175.0b market cap, or US$9.80m). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Significant insider selling over the past 3 months (Rp79b sold). Reported Earnings • Jun 09
First quarter 2026 earnings released: Rp1.32 loss per share (vs Rp0.86 profit in 1Q 2025) First quarter 2026 results: Rp1.32 loss per share (down from Rp0.86 profit in 1Q 2025). Net loss: Rp8.23b (down 254% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Reported Earnings • May 07
Full year 2025 earnings released: EPS: Rp1.01 (vs Rp7.80 in FY 2024) Full year 2025 results: EPS: Rp1.01 (down from Rp7.80 in FY 2024). Revenue: Rp242.9b (down 50% from FY 2024). Net income: Rp4.28b (down 87% from FY 2024). Profit margin: 1.8% (down from 6.8% in FY 2024). The decrease in margin was driven by lower revenue. 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 28% per year, which means it has not declined as severely as earnings. New Risk • May 07
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Earnings have declined by 18% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Profit margins are more than 30% lower than last year (1.8% net profit margin). Significant insider selling over the past 3 months (Rp79b sold). Market cap is less than US$100m (Rp375.0b market cap, or US$21.8m). New Risk • Apr 22
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 14% 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 13% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Profit margins are more than 30% lower than last year (5.1% net profit margin). Market cap is less than US$100m (Rp443.8b market cap, or US$25.7m). Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to Rp71.00, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 23x in the Oil and Gas industry in Indonesia. Total loss to shareholders of 48% over the past three years. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to Rp68.00, the stock trades at a trailing P/E ratio of 19.5x. Average trailing P/E is 17x in the Oil and Gas industry in Indonesia. Total loss to shareholders of 40% over the past three years. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to Rp79.00, the stock trades at a trailing P/E ratio of 22.7x. Average trailing P/E is 19x in the Oil and Gas industry in Indonesia. Total loss to shareholders of 33% over the past three years. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to Rp103, the stock trades at a trailing P/E ratio of 29.6x. Average trailing P/E is 21x in the Oil and Gas industry in Indonesia. Total loss to shareholders of 34% over the past three years. New Risk • Nov 28
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 14% 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 13% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Profit margins are more than 30% lower than last year (5.1% net profit margin). Market cap is less than US$100m (Rp518.8b market cap, or US$31.1m). Reported Earnings • Nov 27
Third quarter 2025 earnings released: EPS: Rp2.22 (vs Rp2.60 in 3Q 2024) Third quarter 2025 results: EPS: Rp2.22 (down from Rp2.60 in 3Q 2024). Revenue: Rp78.4b (up 4.0% from 3Q 2024). Net income: Rp13.9b (down 14% from 3Q 2024). Profit margin: 18% (down from 22% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to Rp68.00, the stock trades at a trailing P/E ratio of 17.6x. Average trailing P/E is 17x in the Oil and Gas industry in Indonesia. Total loss to shareholders of 67% over the past three years. Duyuru • May 08
PT Black Diamond Resources Tbk, Annual General Meeting, Jun 13, 2025 PT Black Diamond Resources Tbk, Annual General Meeting, Jun 13, 2025. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: Rp2.60 (vs Rp0.27 in 3Q 2023) Third quarter 2024 results: EPS: Rp2.60 (up from Rp0.27 in 3Q 2023). Revenue: Rp75.4b (down 30% from 3Q 2023). Net income: Rp16.2b (up Rp14.5b from 3Q 2023). Profit margin: 22% (up from 1.6% in 3Q 2023). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to Rp40.00, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 11x in the Oil and Gas industry in Indonesia. Total loss to shareholders of 22% over the past year. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: Rp2.98 (vs Rp5.20 in 2Q 2023) Second quarter 2024 results: EPS: Rp2.98 (down from Rp5.20 in 2Q 2023). Revenue: Rp113.2b (down 51% from 2Q 2023). Net income: Rp18.6b (down 43% from 2Q 2023). Profit margin: 16% (up from 14% in 2Q 2023). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to Rp34.00, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 11x in the Oil and Gas industry in Indonesia. Total loss to shareholders of 61% over the past year. Reported Earnings • Jun 17
First quarter 2024 earnings released First quarter 2024 results: Revenue: Rp109.0b (down 42% from 1Q 2023). Net income: Rp7.83b (down 4.7% from 1Q 2023). Profit margin: 7.2% (up from 4.4% in 1Q 2023). The increase in margin was driven by lower expenses. New Risk • Jun 11
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: Rp162.5b (US$9.91m) This is considered a major 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: Major Risks Revenue has declined by 2.0% over the past year. Market cap is less than US$10m (Rp162.5b market cap, or US$9.91m). Minor Risk Profit margins are more than 30% lower than last year (5.6% net profit margin). New Risk • Jun 05
New major risk - Revenue and earnings growth Revenue has declined by 2.0% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 Revenue has declined by 2.0% over the past year. Minor Risks Profit margins are more than 30% lower than last year (5.6% net profit margin). Market cap is less than US$100m (Rp256.3b market cap, or US$15.9m). Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to Rp41.00, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 10x in the Oil and Gas industry in Indonesia. Total loss to shareholders of 58% over the past year. New Risk • May 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Profit margins are more than 30% lower than last year (4.9% net profit margin). Market cap is less than US$100m (Rp312.5b market cap, or US$19.7m). Duyuru • May 09
PT Black Diamond Resources Tbk, Annual General Meeting, Jun 14, 2024 PT Black Diamond Resources Tbk, Annual General Meeting, Jun 14, 2024. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to Rp60.00, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 6x in the Oil and Gas industry in Indonesia. Total loss to shareholders of 70% over the past year. Reported Earnings • Nov 04
Third quarter 2023 earnings released: EPS: Rp0.27 (vs Rp1.91 in 3Q 2022) Third quarter 2023 results: EPS: Rp0.27 (down from Rp1.91 in 3Q 2022). Revenue: Rp108.3b (down 38% from 3Q 2022). Net income: Rp1.70b (down 90% from 3Q 2022). Profit margin: 1.6% (down from 9.5% in 3Q 2022). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to Rp63.00, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 6x in the Oil and Gas industry in Indonesia. Reported Earnings • Aug 06
Second quarter 2023 earnings released: EPS: Rp5.21 (vs Rp11.48 in 2Q 2022) Second quarter 2023 results: EPS: Rp5.21 (down from Rp11.48 in 2Q 2022). Revenue: Rp228.5b (down 20% from 2Q 2022). Net income: Rp32.5b (down 43% from 2Q 2022). Profit margin: 14% (down from 20% in 2Q 2022). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • May 31
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to Rp95.00, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 5x in the Oil and Gas industry in Indonesia. Valuation Update With 7 Day Price Move • May 17
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to Rp127, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 5x in the Oil and Gas industry in Indonesia. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to Rp162, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 6x in the Oil and Gas industry in Indonesia. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to Rp113, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 5x in the Oil and Gas industry in Indonesia. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment deteriorated over the past week After last week's 15% share price decline to Rp126, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 5x in the Oil and Gas industry in Indonesia. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment deteriorated over the past week After last week's 20% share price decline to Rp156, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 6x in the Oil and Gas industry in Indonesia. 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 Commissioner Alycius Hendry 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. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorated over the past week After last week's 30% share price decline to Rp328, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 6x in the Oil and Gas industry in Indonesia. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment improved over the past week After last week's 37% share price gain to Rp560, the stock trades at a trailing P/E ratio of 34x. Average trailing P/E is 7x in the Oil and Gas industry in Indonesia. Duyuru • Sep 07
PT Black Diamond Resources Tbk has completed an IPO in the amount of IDR 125 billion. PT Black Diamond Resources Tbk has completed an IPO in the amount of IDR 125 billion.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 1,250,000,000
Price\Range: IDR 100