Reported Earnings • Apr 30
First quarter 2026 earnings released: EPS: Rp25.97 (vs Rp25.57 in 1Q 2025) First quarter 2026 results: EPS: Rp25.97 (up from Rp25.57 in 1Q 2025). Revenue: Rp3.62t (down 3.0% from 1Q 2025). Net income: Rp189.6b (up 1.6% from 1Q 2025). Profit margin: 5.2% (up from 5.0% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Energy Services industry in Asia. 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 35% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to Rp830, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 14x in the Energy Services industry in Asia. Total returns to shareholders of 221% over the past three years. Duyuru • Apr 24
PT Elnusa Tbk, Annual General Meeting, Jun 08, 2026 PT Elnusa Tbk, Annual General Meeting, Jun 08, 2026. Price Target Changed • Apr 08
Price target increased by 38% to Rp775 Up from Rp560, the current price target is an average from 2 analysts. New target price is 11% above last closing price of Rp700. Stock is up 79% over the past year. The company posted earnings per share of Rp98.43 last year. Reported Earnings • Mar 08
Full year 2025 earnings released: EPS: Rp98.43 (vs Rp97.78 in FY 2024) Full year 2025 results: EPS: Rp98.43 (up from Rp97.78 in FY 2024). Revenue: Rp14t (up 8.3% from FY 2024). Net income: Rp718.4b (flat on FY 2024). Profit margin: 5.0% (down from 5.3% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to Rp1,000, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 21x in the Energy Services industry in Indonesia. Total returns to shareholders of 271% over the past three years. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to Rp710, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 25x in the Energy Services industry in Indonesia. Total returns to shareholders of 185% over the past three years. Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: Rp26.05 (vs Rp14.83 in 3Q 2024) Third quarter 2025 results: EPS: Rp26.05 (up from Rp14.83 in 3Q 2024). Revenue: Rp3.51t (up 5.3% from 3Q 2024). Net income: Rp190.1b (up 76% from 3Q 2024). Profit margin: 5.4% (up from 3.2% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Board Change • Oct 24
No independent directors There are 9 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: 9 new directors. No experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director of Human Capital & General Affairs and Director Hera Handayani is the most experienced director on the board, commencing their role in 2023. Independent Commissioner Denie Tampubolon was the last independent director to join the board, commencing their role in 2024. 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. Price Target Changed • Oct 24
Price target decreased by 14% to Rp560 Down from Rp650, the current price target is provided by 1 analyst. New target price is 11% above last closing price of Rp505. Stock is up 5.6% over the past year. The company posted earnings per share of Rp97.78 last year. Duyuru • Apr 09
PT Elnusa Tbk, Annual General Meeting, May 22, 2025 PT Elnusa Tbk, Annual General Meeting, May 22, 2025. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: Rp35.60 (vs Rp18.52 in 2Q 2023) Second quarter 2024 results: EPS: Rp35.60 (up from Rp18.52 in 2Q 2023). Revenue: Rp3.21t (up 18% from 2Q 2023). Net income: Rp259.8b (up 92% from 2Q 2023). Profit margin: 8.1% (up from 5.0% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Energy Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to Rp540, the stock trades at a trailing P/E ratio of 6.9x. Average forward P/E is 12x in the Energy Services industry in Indonesia. Total returns to shareholders of 144% over the past three years. Upcoming Dividend • May 21
Upcoming dividend of Rp27.57 per share Eligible shareholders must have bought the stock before 28 May 2024. Payment date: 14 June 2024. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 5.7%. Lower than top quartile of Indonesian dividend payers (6.4%). In line with average of industry peers (6.2%). Reported Earnings • May 03
First quarter 2024 earnings released: EPS: Rp25.10 (vs Rp15.75 in 1Q 2023) First quarter 2024 results: EPS: Rp25.10 (up from Rp15.75 in 1Q 2023). Revenue: Rp3.11t (down 1.1% from 1Q 2023). Net income: Rp183.2b (up 59% from 1Q 2023). Profit margin: 5.9% (up from 3.7% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Energy Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 02
Full year 2023 earnings released: EPS: Rp68.94 (vs Rp51.80 in FY 2022) Full year 2023 results: EPS: Rp68.94 (up from Rp51.80 in FY 2022). Revenue: Rp13t (up 2.1% from FY 2022). Net income: Rp503.1b (up 33% from FY 2022). Profit margin: 4.0% (up from 3.1% in FY 2022). 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 9.7% growth forecast for the Energy Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: Rp21.44 (vs Rp8.81 in 3Q 2022) Third quarter 2023 results: EPS: Rp21.44 (up from Rp8.81 in 3Q 2022). Revenue: Rp3.12t (flat on 3Q 2022). Net income: Rp156.5b (up 144% from 3Q 2022). Profit margin: 5.0% (up from 2.0% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: Rp18.53 (vs Rp20.74 in 2Q 2022) Second quarter 2023 results: EPS: Rp18.53 (down from Rp20.74 in 2Q 2022). Revenue: Rp2.72t (down 8.7% from 2Q 2022). Net income: Rp135.2b (down 11% from 2Q 2022). Profit margin: 5.0% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 16% per year. Price Target Changed • Nov 16
Price target decreased to Rp274 Down from Rp420, the current price target is provided by 1 analyst. New target price is 21% below last closing price of Rp346. Stock is up 15% over the past year. The company posted earnings per share of Rp14.90 last year. 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 Anis Baridwan was the last independent director to join the board, commencing their role in 2019. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 15
Second quarter 2022 earnings released: EPS: Rp20.74 (vs Rp5.28 in 2Q 2021) Second quarter 2022 results: EPS: Rp20.74 (up from Rp5.28 in 2Q 2021). Revenue: Rp2.98t (up 57% from 2Q 2021). Net income: Rp151.4b (up 293% from 2Q 2021). Profit margin: 5.1% (up from 2.0% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Board Change • Apr 27
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 Anis Baridwan was the last independent director to join the board, commencing their role in 2019. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 14
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: Rp14.90 (down from Rp34.13 in FY 2020). Revenue: Rp8.14t (up 5.3% from FY 2020). Net income: Rp108.7b (down 56% from FY 2020). Profit margin: 1.3% (down from 3.2% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) exceeded analyst estimates by 3.4%. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 05
Full year 2020 earnings released: EPS Rp34.13 (vs Rp48.84 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: Rp7.73t (down 7.8% from FY 2019). Net income: Rp249.1b (down 30% from FY 2019). Profit margin: 3.2% (down from 4.3% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 7% per year, which means it is performing significantly worse than earnings. Analyst Estimate Surprise Post Earnings • Mar 05
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) exceeded analyst estimates by 3.4%. Over the next year, revenue is expected to shrink by 1.3% compared to a 12% growth forecast for the Energy Services industry in Indonesia. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to Rp376, the stock is trading at a trailing P/E ratio of 9x, down from the previous P/E ratio of 10.8x. This compares to an average P/E of 15x in the Energy Services industry in Asia. Total return to shareholders over the past three years is a loss of 5.6%. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment deteriorated over the past week After last week's 16% share price decline to Rp420, the stock is trading at a trailing P/E ratio of 10x, down from the previous P/E ratio of 11.9x. This compares to an average P/E of 16x in the Energy Services industry in Asia. Total returns to shareholders over the past three years are 1.7%. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improved over the past week After last week's 20% share price gain to Rp424, the stock is trading at a trailing P/E ratio of 10.1x, up from the previous P/E ratio of 8.4x. This compares to an average P/E of 17x in the Energy Services industry in Asia. Total returns to shareholders over the past three years are 11%. Is New 90 Day High Low • Jan 07
New 90-day high: Rp388 The company is up 85% from its price of Rp210 on 09 October 2020. The Indonesian market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 40% over the same period. Is New 90 Day High Low • Dec 17
New 90-day high: Rp376 The company is up 69% from its price of Rp222 on 18 September 2020. The Indonesian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 40% over the same period. Valuation Update With 7 Day Price Move • Dec 07
Market bids up stock over the past week After last week's 26% share price gain to Rp370, the stock is trading at a trailing P/E ratio of 8.8x, up from the previous P/E ratio of 7x. This compares to an average P/E of 15x in the Energy Services industry in Asia. Total returns to shareholders over the past three years are 21%. Reported Earnings • Dec 03
Third quarter 2020 earnings released: EPS Rp7.76 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: Rp1.86t (down 13% from 3Q 2019). Net income: Rp56.7b (down 32% from 3Q 2019). Profit margin: 3.0% (down from 3.9% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 24
Market bids up stock over the past week After last week's 30% share price gain to Rp306, the stock is trading at a trailing P/E ratio of 6.7x, up from the previous P/E ratio of 5.2x. This compares to an average P/E of 13x in the Energy Services industry in Asia. Total return to shareholders over the past three years is a loss of 14%. Is New 90 Day High Low • Nov 21
New 90-day high: Rp254 The company is up 6.0% from its price of Rp240 on 19 August 2020. The Indonesian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is flat over the same period.