Reported Earnings • Aug 02
Second quarter 2026 earnings released: Rp8.34 loss per share (vs Rp0.53 loss in 2Q 2025) Second quarter 2026 results: Rp8.34 loss per share (further deteriorated from Rp0.53 loss in 2Q 2025). Net loss: Rp12.7b (loss widened Rp11.9b from 2Q 2025). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Duyuru • Jun 09
PT Hensel Davest Indonesia Tbk, Annual General Meeting, Jun 30, 2026 PT Hensel Davest Indonesia Tbk, Annual General Meeting, Jun 30, 2026. New Risk • May 05
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -Rp34m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-Rp34m free cash flow). Earnings have declined by 22% per year over the past 5 years. Market cap is less than US$10m (Rp97.6b market cap, or US$5.56m). Minor Risk Revenue is less than US$5m (Rp19b revenue, or US$1.1m). Reported Earnings • Apr 08
Full year 2025 earnings released: Rp9.85 loss per share (vs Rp12.37 loss in FY 2024) Full year 2025 results: Rp9.85 loss per share (improved from Rp12.37 loss in FY 2024). Net loss: Rp15.0b (loss narrowed 20% from FY 2024). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 4% per year. New Risk • Mar 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -Rp16m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-Rp16m free cash flow). Earnings have declined by 42% per year over the past 5 years. Market cap is less than US$10m (Rp86.9b market cap, or US$5.13m). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Revenue is less than US$5m (Rp35b revenue, or US$2.1m). New Risk • Jan 23
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 17% 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 (17% average weekly change). Earnings have declined by 42% per year over the past 5 years. Market cap is less than US$10m (Rp123.5b market cap, or US$7.29m). Minor Risk Revenue is less than US$5m (Rp35b revenue, or US$2.1m). Reported Earnings • Nov 04
Third quarter 2025 earnings released: Rp0.33 loss per share (vs Rp0.95 loss in 3Q 2024) Third quarter 2025 results: Rp0.33 loss per share (improved from Rp0.95 loss in 3Q 2024). Revenue: Rp18.3b (up Rp18.2b from 3Q 2024). Net loss: Rp504.6m (loss narrowed 65% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 18% per year. Duyuru • May 21
PT Hensel Davest Indonesia Tbk, Annual General Meeting, Jun 26, 2025 PT Hensel Davest Indonesia Tbk, Annual General Meeting, Jun 26, 2025. Reported Earnings • Nov 01
Third quarter 2024 earnings released: Rp0.95 loss per share (vs Rp0.51 profit in 3Q 2023) Third quarter 2024 results: Rp0.95 loss per share (down from Rp0.51 profit in 3Q 2023). Revenue: Rp42.7m (down 100% from 3Q 2023). Net loss: Rp1.46b (down 287% from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 7 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 02
Second quarter 2024 earnings released: Rp1.96 loss per share (vs Rp2.52 profit in 2Q 2023) Second quarter 2024 results: Rp1.96 loss per share (down from Rp2.52 profit in 2Q 2023). Revenue: Rp6.81b (down 99% from 2Q 2023). Net loss: Rp2.99b (down 178% from profit in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 4 percentage points per year. Reported Earnings • May 05
First quarter 2024 earnings released: Rp1.09 loss per share (vs Rp0.88 loss in 1Q 2023) First quarter 2024 results: Rp1.09 loss per share (further deteriorated from Rp0.88 loss in 1Q 2023). Revenue: Rp8.85b (down 98% from 1Q 2023). Net loss: Rp1.66b (loss widened 24% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 15 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 29
Full year 2023 earnings released: Rp27.65 loss per share (vs Rp15.00 loss in FY 2022) Full year 2023 results: Rp27.65 loss per share (further deteriorated from Rp15.00 loss in FY 2022). Revenue: Rp2.15t (down 48% from FY 2022). Net loss: Rp42.1b (loss widened 84% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 40 percentage points per year, which is a significant difference in performance. New Risk • Dec 09
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -Rp17b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-Rp17b free cash flow). Earnings have declined by 72% per year over the past 5 years. Market cap is less than US$10m (Rp76.2b market cap, or US$4.89m). Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment deteriorated over the past week After last week's 17% share price decline to Rp53.00, the stock trades at a trailing P/E ratio of 44.2x. Average trailing P/E is 47x in the Software industry in Indonesia. Total loss to shareholders of 93% over the past three years. 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. 3 experienced directors. 2 highly experienced directors. No independent directors (3 non-independent directors). Independent Commissioner Ida Bagus Sinarbawa was the last independent director to join the board, commencing their role in 2019. 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 • Sep 05
Second quarter 2022 earnings released: EPS: Rp4.98 (vs Rp2.97 loss in 2Q 2021) Second quarter 2022 results: EPS: Rp4.98 (up from Rp2.97 loss in 2Q 2021). Revenue: Rp664.8b (down 8.5% from 2Q 2021). Net income: Rp7.55b (up Rp12.1b from 2Q 2021). Profit margin: 1.1% (up from net loss in 2Q 2021). 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 61 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 03
Full year 2021 earnings released: Rp4.74 loss per share (vs Rp2.53 profit in FY 2020) Full year 2021 results: Rp4.74 loss per share (down from Rp2.53 profit in FY 2020). Revenue: Rp3.49t (up 11% from FY 2020). Net loss: Rp7.44b (down 293% from profit in FY 2020). 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. 5 experienced directors. 1 highly experienced director. No independent directors (3 non-independent directors). Independent Commissioner Ida Bagus Sinarbawa was the last independent director to join the board, commencing their role in 2019. 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 • Sep 05
Second quarter 2021 earnings released: Rp4.17 loss per share (vs Rp0.29 profit in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: Rp726.5b (up 97% from 2Q 2020). Net loss: Rp4.53b (down Rp4.84b from profit in 2Q 2020). Reported Earnings • Jul 04
Full year 2020 earnings released The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: Rp3.16t (down 67% from FY 2019). Net income: Rp3.86b (down 67% from FY 2019). Profit margin: 0.1% (in line with FY 2019). Valuation Update With 7 Day Price Move • May 27
Investor sentiment improved over the past week After last week's 42% share price gain to Rp218, the stock trades at a trailing P/E ratio of 46.1x. Average trailing P/E is 35x in the Software industry in Asia. Total loss to shareholders of 58% over the past year. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment deteriorated over the past week After last week's 16% share price decline to Rp196, the stock trades at a trailing P/E ratio of 41.5x. Average trailing P/E is 36x in the Software industry in Asia. Total loss to shareholders of 65% over the past year. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improved over the past week After last week's 20% share price gain to Rp244, the stock is trading at a trailing P/E ratio of 51.6x, up from the previous P/E ratio of 43.2x. This compares to an average P/E of 36x in the Software industry in Asia. Total return to shareholders over the past year is a loss of 57%. Is New 90 Day High Low • Feb 11
New 90-day low: Rp242 The company is down 20% from its price of Rp304 on 13 November 2020. The Indonesian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 50% over the same period. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 17% share price gain to Rp300, the stock is trading at a trailing P/E ratio of 63.5x, up from the previous P/E ratio of 54.2x. This compares to an average P/E of 36x in the Software industry in Asia. Total return to shareholders over the past year is a loss of 55%. Is New 90 Day High Low • Dec 21
New 90-day low: Rp270 The company is down 30% from its price of Rp386 on 23 September 2020. The Indonesian market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 3.0% over the same period. Is New 90 Day High Low • Dec 04
New 90-day low: Rp300 The company is down 21% from its price of Rp382 on 04 September 2020. The Indonesian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 6.0% over the same period. Is New 90 Day High Low • Nov 09
New 90-day low: Rp338 The company is down 34% from its price of Rp510 on 11 August 2020. The Indonesian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 11% over the same period. Is New 90 Day High Low • Oct 23
New 90-day low: Rp360 The company is down 26% from its price of Rp484 on 24 July 2020. The Indonesian market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 7.0% over the same period.