Duyuru • May 20
PT Inter Delta Tbk, Annual General Meeting, Jun 25, 2026 PT Inter Delta Tbk, Annual General Meeting, Jun 25, 2026. Location: meeting both physically and electronicallyq, Indonesia New Risk • Apr 01
New major risk - Revenue and earnings growth Earnings have declined by 7.5% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings 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 Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 7.5% per year over the past 5 years. Market cap is less than US$10m (Rp148.0b market cap, or US$8.73m). Minor Risk Revenue is less than US$5m (Rp36b revenue, or US$2.1m). Reported Earnings • Apr 01
Full year 2025 earnings released: Rp4.13 loss per share (vs Rp2.87 loss in FY 2024) Full year 2025 results: Rp4.13 loss per share (further deteriorated from Rp2.87 loss in FY 2024). Revenue: Rp36.2b (up 16% from FY 2024). Net loss: Rp2.44b (loss widened 44% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. New Risk • Mar 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indonesian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Market cap is less than US$10m (Rp140.9b market cap, or US$8.31m). Minor Risk Revenue is less than US$5m (Rp32b revenue, or US$1.9m). New Risk • Feb 02
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: Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Revenue is less than US$5m (Rp32b revenue, or US$1.9m). Market cap is less than US$100m (Rp184.7b market cap, or US$11.1m). Reported Earnings • Nov 03
Third quarter 2025 earnings released: EPS: Rp0.12 (vs Rp1.28 loss in 3Q 2024) Third quarter 2025 results: EPS: Rp0.12 (up from Rp1.28 loss in 3Q 2024). Revenue: Rp7.14b (down 13% from 3Q 2024). Net income: Rp74.5m (up Rp830.5m from 3Q 2024). Profit margin: 1.0% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Duyuru • May 20
PT Inter Delta Tbk, Annual General Meeting, Jun 25, 2025 PT Inter Delta Tbk, Annual General Meeting, Jun 25, 2025. Reported Earnings • Jul 31
Second quarter 2024 earnings released: Rp0.53 loss per share (vs Rp2.17 loss in 2Q 2023) Second quarter 2024 results: Rp0.53 loss per share (improved from Rp2.17 loss in 2Q 2023). Revenue: Rp6.21b (down 35% from 2Q 2023). Net loss: Rp306.8m (loss narrowed 76% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Duyuru • May 31
PT Inter Delta Tbk, Annual General Meeting, Jun 26, 2024 PT Inter Delta Tbk, Annual General Meeting, Jun 26, 2024. Reported Earnings • May 05
First quarter 2024 earnings released: Rp1.00 loss per share (vs Rp2.30 profit in 1Q 2023) First quarter 2024 results: Rp1.00 loss per share (down from Rp2.30 profit in 1Q 2023). Revenue: Rp10.4b (down 32% from 1Q 2023). Net loss: Rp801.8m (down 159% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 02
Full year 2023 earnings released: Rp0.99 loss per share (vs Rp1.69 profit in FY 2022) Full year 2023 results: Rp0.99 loss per share (down from Rp1.69 profit in FY 2022). Revenue: Rp43.8b (up 1.4% from FY 2022). Net loss: Rp586.0m (down 159% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. New Risk • Feb 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indonesian stocks, typically moving 13% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). High level of non-cash earnings (32% accrual ratio). Market cap is less than US$10m (Rp82.9b market cap, or US$5.30m). Minor Risks Profit margins are more than 30% lower than last year (1.5% net profit margin). Revenue is less than US$5m (Rp46b revenue, or US$2.9m). New Risk • Dec 09
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: 1.5% Last year net profit margin: 5.4% 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 Risks High level of non-cash earnings (32% accrual ratio). Market cap is less than US$10m (Rp84.0b market cap, or US$5.39m). Minor Risks Profit margins are more than 30% lower than last year (1.5% net profit margin). Revenue is less than US$5m (Rp46b revenue, or US$3.0m). New Risk • Jul 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indonesian stocks, typically moving 13% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). High level of non-cash earnings (48% accrual ratio). Market cap is less than US$10m (Rp111.3b market cap, or US$7.41m). Minor Risk Revenue is less than US$5m (Rp47b revenue, or US$3.1m). Reported Earnings • Jul 26
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: Rp9.57b (up 4.6% from 2Q 2022). Net loss: Rp1.29b (loss narrowed 4.2% from 2Q 2022). 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 17% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to Rp161, the stock trades at a trailing P/E ratio of 35.8x. Average trailing P/E is 14x in the Retail Distributors industry in Indonesia. Total loss to shareholders of 30% over the past three years. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 33% share price gain to Rp210, the stock trades at a trailing P/E ratio of 46.7x. Average trailing P/E is 14x in the Retail Distributors industry in Indonesia. Total loss to shareholders of 13% over the past three years. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment deteriorated over the past week After last week's 16% share price decline to Rp156, the stock trades at a trailing P/E ratio of 34.7x. Average trailing P/E is 15x in the Retail Distributors industry in Indonesia. Total loss to shareholders of 70% over the past three years. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improved over the past week After last week's 16% share price gain to Rp256, the stock trades at a trailing P/E ratio of 51.7x. Average trailing P/E is 31x in the Retail Distributors industry in Indonesia. Total returns to shareholders of 72% over the past three years. Buying Opportunity • May 20
Now 21% undervalued Over the last 90 days, the stock is up 10%. The fair value is estimated to be Rp324, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 18% over the last 3 years. Meanwhile, the company has become profitable. Is New 90 Day High Low • Jan 26
New 90-day low: Rp100.00 The company is down 32% from its price of Rp147 on 27 October 2020. The Indonesian market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Retail Distributors industry, which is up 4.0% over the same period. Is New 90 Day High Low • Dec 30
New 90-day low: Rp104 The company is down 41% from its price of Rp175 on 02 October 2020. The Indonesian market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Retail Distributors industry, which is up 8.0% over the same period. Is New 90 Day High Low • Nov 12
New 90-day low: Rp121 The company is down 10.0% from its price of Rp135 on 14 August 2020. The Indonesian market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Retail Distributors industry, which is up 5.0% over the same period. Reported Earnings • Oct 25
Third quarter earnings released Over the last 12 months the company has reported total losses of Rp3.90b, with losses widening by 364% from the prior year. Total revenue was Rp55.4b over the last 12 months, down 36% from the prior year.