Idx Company Fact Sheet Lq45 2024 01

Data Services Division
IDX Company Fact Sheet
LQ45
February - July 2024
Email Telephone Website

idxdata@idx.co.id +62 812-9449-5121 www.idx.co.id
List of Contents
LQ45 Companies 1. ACES Ace Hardware Indonesia Tbk
2. ADRO Adaro Energy Indonesia Tbk
in Period of 3. AKRA AKR Corporindo Tbk
Feb - Jul 2024 4. AMRT Sumber Alfaria Trijaya Tbk
5. ANTM Aneka Tambang Tbk
6. ARTO Bank Jago Tbk
7. ASII Astra International Tbk
8. BBCA Bank Central Asia Tbk
9. BBNI Bank Negara Indonesia (Persero) Tbk
10. BBRI Bank Rakyat Indonesia (Persero) Tbk
11. BBTN Bank Tabungan Negara (Persero) Tbk
12. BMRI Bank Mandiri (Persero) Tbk
13. BRIS Bank Syariah Indonesia Tbk
14. BRPT Barito Pacific Tbk
15. BUKA Bukalapak.com Tbk
16. CPIN Charoen Pokphand Indonesia Tbk
17. EMTK Elang Mahkota Teknologi Tbk
18. ESSA ESSA Industries Indonesia Tbk
19. EXCL XL Axiata Tbk
20. GGRM Gudang Garam Tbk
21. GOTO GoTo Gojek Tokopedia Tbk
22. HRUM Harum Energy Tbk
23. ICBP Indofood CBP Sukses Makmur Tbk
24. INCO Vale Indonesia Tbk
25. INDF Indofood Sukses Makmur Tbk
26. INKP Indah Kiat Pulp & Paper Tbk
27. INTP Indocement Tunggal Prakarsa Tbk
28. ITMG Indo Tambangraya Megah Tbk
29. KLBF Kalbe Farma Tbk
30. MAPI Mitra Adiperkasa Tbk
31. MBMA Merdeka Battery Materials Tbk
32. MDKA Merdeka Copper Gold Tbk
33. MEDC Medco Energi Internasional Tbk
34. MTEL Dayamitra Telekomunikasi Tbk
35. PGAS Perusahaan Gas Negara Tbk
36. PGEO Pertamina Geothermal Energy Tbk
37. PTBA Bukit Asam Tbk
38. PTMP Mitra Pack Tbk
39. SIDO Industri Jamu dan Farmasi Sido Muncul Tbk
40. SMGR Semen Indonesia (Persero) Tbk
41. SRTG Saratoga Investama Sedaya Tbk
42. TLKM Telkom Indonesia (Persero) Tbk
43. TOWR Sarana Menara Nusantara Tbk
44. UNTR United Tractors Tbk
45. UNVR Unilever Indonesia Tbk
ACES
Ace Hardware Indonesia Tbk

ACES Ace Hardware Indonesia Tbk

Date: 31 Jan 2024 v2.0.0
Company Profile Company History

PT Ace Hardware Indonesia Tbk has a main business field of Trading. The Established Listing Date IPO Price (IDR) IPO Lead Underwriter
company's President Director and President Commisioner are PRABOWO CLSA Indonesia
WIDYA KRISNADI and KUNCORO WIBOWO. The largest shareholder of the 03 Feb 1995 06 Nov 2007 820
company is PT KAWAN LAMA SEJAHTERA (59.97%). The percentage of public
shareholding (<5%) is 39.86%. The company has 2 subsidiaries. One of the Stock Overview
biggest subsidiaries is PT TOYS GAMES INDONESIA.
Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
For more information click here: Main 14,577,500,000,000 13,651,152,040,604
https://www.idx.co.id/en/listed-companies/company-profiles/ACES
Listed Shares % of All Stocks % of All Stocks
Trading by Investor Types 17,150,000,000 0.13% 0.53%
Total Trading Value* Free Float Shares Rank Rank

(in billion IDR) Year 2023 YTD 2024 39.84% 104 of 914 43 of 874
Domestic 9,237.5 1,194.0
Individual 71.39% 55.59% Industrial Classification
Institution 12.68% 20.00%
76% 72%
Others 15.93% 24.41% Sector Industry
Foreign 3,706.8 601.6 E Consumer Cyclicals E74 Specialty Retail
Individual 0.77% 0.46%
24% 28% Institution 79.32% 80.77% Sub-Sector Sub-Industry
Others 19.91% 18.77% E7 Retailing E743 Home Improvement Retail
Year 2023 YTD 2024
Total 12,944.2 1,795.6
Fundamental & ESG
Stock Turnover Net Foreign**
(in billion IDR) Sell (in billion IDR) PER PBV ESG Risk Rating*
D F Total Year 2023 YTD 2024
YTD 2024
18.26x 2.48x 18.95 Low
D 408.66 159.9 568.5
-257.1 57.0
F 216.9 112.4 329.3 *Total trading value by Foreign is the sum of
Total 625.5 272.3 897.8 foreign buy and foreign sell divided by 2. Total 0x 5x 10x 15x 20x 25x 30x 35x 40x 45x 50x 55x
Buy
trading value by Domestic is the sum of

Year 2023 domestic buy and domestic sell divided by 2.
**Net Foreign is The Total Trading Value of
D 3,374.4 1,372.9 4,747.3 "Foreign Buy-Domestic Sell" minus "Foreign Sell- ACES Sector PER Market PER
Domestic Buy".
F 1,115.7 609.1 1,724.8 A positive net foreign indicates a net buy by
15.50x 12.82x
Total 4,490.2 1,981.9 6,472.1 foreign investors.
Note: Please see Methodology for more details. ESG = Environmental, Social, & Governance.
*ESG Risk Rating is provided by Sustainalytics. For more information, visit www.sustainalytics.com.
Dividend Payment Corporate Action

5 Recent Releases 5 Recent Releases
Year F/I/ Ratio Cash Per Share Date Year Corp. Ex Cum Ratio RTP DF
BS/SD (in IDR/USD) Ex Record Payment Action Date Price
2023 F - Rp31.06 05-Jul-23 06-Jul-23 21-Jul-23 2012 - 01-Nov-12 7,000 10:1 700 0.100
2022 F - Rp20.59 17-Jun-22 20-Jun-22 08-Jul-22 - - - - - - -
2021 F - Rp32.15 18-Jun-21 21-Jun-21 09-Jul-21 - - - - - - -
2020 F - Rp18.10 14-Aug-20 18-Aug-20 04-Sep-20 - - - - - - -
2019 F - Rp28.25 24-May-19 27-May-19 14-Jun-19 - - - - - - -
Source: Company's disclosure on IDX website. Source: Company's disclosure on IDX website.
F = Final Cash Dividend; I = Interim Cash Dividend; BS = Bonus Shares; SD = Stock Dividend Note: RTP = Rounded Theoritical Price; DF = Delution Factor.
RI = Right Issues; SS = Stock Splits; RS = Reverse Splits; BS = Bonus Shares.
Industry Peers
No. Code Company Name Market Date Total Revenue Profit/Loss for
Cap Asset Liabilities Equity the Period
1. ACES Ace Hardware Indonesia Tbk. 14,577.50 09/30/23 7,428,435 5,887,141 1,541,294 5,493,618 486,816
2. CSAP Catur Sentosa Adiprana Tbk. 3,438.32 09/30/23 10,683,316 3,455,370 7,227,946 12,090,562 164,195
3. DEPO Caturkarda Depo Bangunan 2,539.46 09/30/23 1,795,693 1,215,551 580,142 1,976,130 60,848
4. BAUT Mitra Angkasa Sejahtera 240.01 09/30/23 258,469 200,773 57,696 152,109 7,996
5. TOOL Rohartindo Nusantara Luas 125.05 09/30/23 209,596 180,615 28,981 99,477 18,429
Note: Masket cap is as of Jan 31, 2024. Financial data are based on the companies' latest financial statement that submitted to IDX (see Date column), expressed in million IDR.
PER (x) PBV (x) ROA (%) ROE (%) DAR (x) DER (x)
1. ACES Ace Hardware Indonesia Tbk. 18.26 2.48 6.55 31.58 0.79 3.82
2. CSAP Catur Sentosa Adiprana Tbk. 15.53 1.00 1.54 2.27 0.32 0.48
3. DEPO Caturkarda Depo Bangunan Tbk. 24.48 2.09 3.39 10.49 0.68 2.10
4. BAUT Mitra Angkasa Sejahtera Tbk. 32.44 1.20 3.09 13.86 0.78 3.48
5. TOOL Rohartindo Nusantara Luas Tbk 6.68 0.69 8.79 63.59 0.86 6.23
Note: The selected peers are based on the proximity of stocks' market capitalization.
Except Trailing PER & PBV (in times), data in this section are in Million IDR. Market Cap, Trailing PER, and PBV are as of Jan 30, 2022. Financial data used are from company's most recent financial statement.
PER, ROA, & ROE are calculated by using the trailing 12 months of profit attributable to owners entity.
© 2022 DATA SERVICES DIVISION | INDONESIA STOCK EXCHANGE


Date: 31 Jan 2024 v2.0.0
Stock Performance & Trading Summary

Price Performance of Last 12 Months
Jan 31, 2023 - Jan 31, 2024 ACES*
73.47%
IHSG
5.39%
LQ45
4.03%
Sector**
Feb 23 Mar 23 Apr 23 May 23 Jun 23 Jul 23 Aug 23 Sep 23 Oct 23 Nov 23 Dec 23 Jan 24 4.40%
*Adjusted Close Price; **Consumer Cyclicals
Trading Summary of Last 12 Months
Price (IDR) Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24
Highest 555 505 480 655 700 755 760 800 875 860 740 850
Lowest 480 440 440 444 605 640 665 720 750 755 680 715
Close 505 478 450 630 675 720 730 750 800 755 720 850
Adj. Close* 505 478 450 630 675 720 730 750 800 755 720 850
Growth (%) -5.35% -5.86% 40.00% 7.14% 6.67% 1.39% 2.74% 6.67% -5.63% -4.64% 18.06%
Shares Traded Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24
Volume (mill.) 2,475.96 1,613.97 871.92 3,462.31 2,039.80 2,659.74 1,529.84 1,101.87 1,620.77 987.11 1,486.96 1,132.15
Value (bill.) 1,277.10 770.62 394.70 1,945.39 1,355.51 1,908.53 1,103.56 841.06 1,310.09 793.16 1,053.61 897.81
Frequency (th.) 167.54 138.15 98.58 228.48 170.80 218.12 143.53 107.21 129.44 111.16 117.69 102.99
Days 20 21 14 21 17 20 22 20 22 22 19 22
Note: Volume in Million Shares, Value in Billion IDR, Frequency in Thousand Times.
Yearly Trading Summary of Last 5 Years Comparison to Peers
Price (IDR) 2019 2020 2021 2022 2023 Industry: Home Improvement Retail
Highest 1,890 1,850 1,800 1,385 875 No. Code 6M YTD 1Y 3Y 5Y
Lowest 1,485 1,040 1,220 398 430
Close 1,495 1,715 1,280 496 720 1. ACES 18.1% 18.1% 73.5% -45.5% -50.0%
Adj. Close* 1,495 1,715 1,280 496 720 2. CSAP -7.6% 0.0% -16.7% 64.3% 10.5%
Growth (%) 15% -25% -61% 45% 3. DEPO -14.2% -1.6% -22.7% n.a. n.a.
4. BAUT 0.0% 0.0% 0.0% n.a. n.a.
Shares Traded 2019 2020 2021 2022 2023 5. TOOL -9.0% 0.0% -16.4% n.a. n.a.
Volume 6,253 5,114 7,478 14,253 22,698
Value 10,676 7,783 10,956 10,270 14,124 Note:
Frequency 1,037 1,001 1,059 1,414 1,837 Base date: 6M = Jul 31, 2023; YTD = Dec 29, 2023; 1Y = Jan 31, 2023; 3Y = Jan 29, 2021; 5Y = Jan 31, 2019;
Industry peer companies are in the same industry, selected based on the proximity of stocks' market capitalization;
Days 245 242 247 246 239 *Adjusted price refers to the close price after adjustments for any applicable corporate actions.
Index Membership
No. Index Code No. Index Code

1. COMPOSITE 11. JII70 21. 31.
2. IDX30 12. KOMPAS100 22. 32.
3. IDX80 13. LQ45 23. 33.
4. IDXCYCLIC 14. MBX 24. 34.
5. IDXESGL 15. PEFINDO25 25. 35.
6. IDXQ30 16. 26. 36.
7. IDXSMC-COM 17. 27. 37.
8. IDXSMC-LIQ 18. 28. 38.
9. ISSI 19. 29. 39.
10. JII 20. 30. 40.
Note: the index membership above is as of Mar 1, 2024


Date: 31 Jan 2024 v2.0.0
Financial Data & Ratios

Book End: December (Expressed in millions IDR, unless otherwise stated)
Balance Sheets Dec 2019 Dec 2020 Dec 2021 Dec 2022 Sep 2023
Cash & Cash Equivalents 1,255,018 2,219,785 2,543,834 2,133,399 2,100,080
Trade receivables 89,139 143,483 66,778 85,855 111,166 Total Asset & Liabilities (Bill. Rp)
Inventories 2,652,703 2,453,227 2,367,949 5,621,539 5,426,860 Asset Liabilities
8
Current Assets 4,584,329 5,034,737 5,192,108 5,362,930 5,383,560
Investment Properties 345,016 363,069 348,425 333,075 321,563 7
Fixed Asset 502,038 1,477,190 1,320,612 425,774 420,913 6

- - - - - -
5
Total Assets 5,920,170 7,247,064 7,189,816 7,249,255 7,428,440
Trade Payable 177,558 164,227 126,724 144,350 165,247 4
- - - - - - 3
- - - - - -
2
- - - - - -
Current Liabilities 567,618 844,928 722,537 669,769 563,665 1
- - - - - - -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Total Liabilities 1,177,676 2,024,821 1,677,058 1,315,266 1,541,290
Total Equity (Bill. Rp)
Common Stocks 171,500 171,500 171,500 171,500 171,500
Paid up Capital (Shares) 17,150 17,150 17,150 17,150 17,150 5,934 5,887
Par Value 10 10 10 10 10 5,513
5,222
Retained earnings 4,169,724 4,629,340 4,903,395 5,311,723 5,265,795 4,742
Total Equity 4,742,494 5,222,243 5,512,759 5,933,989 5,887,140
Income Statements Dec 2019 Dec 2020 Dec 2021 Dec 2022 Sep 2023
Revenues 8,142,717 7,412,767 6,543,363 6,762,803 5,493,620
Gross Profit 3,887,090 3,659,182 3,212,649 3,267,953 2,644,340
Operating Profit/Loss 1,162,575 853,085 787,726 746,713 535,076
Interest & Finance Costs -20,775 -63,531 -63,637 50,580 32,531
EBT 1,280,008 923,336 858,919 820,831 586,249
Tax -243,398 -192,025 -140,117 -147,184 -99,433
2019 2020 2021 2022 2023
Profit/Loss for the period 1,036,611 731,311 718,802 673,647 486,816
Profit/Loss Period Attributable 1,030,106 733,195 704,384 664,343 485,835
Comprehensive Income 990,585 833,807 840,937 705,517 486,816 Total Revenue (Bill. Rp)
Comprehensive Attributable 984,577 833,568 824,475 695,799 485,835
8,143
Cash Flow Statements Dec 2019 Dec 2020 Dec 2021 Dec 2022 Sep 2023 7,413
Net Cash - Operating 1,159,516 1,538,615 1,305,426 618,838 945,507 6,763
6,543
Net Cash - Investing -158,078 -165,980 -83,380 -102,361 -94,448 5,494
Net Cash - Financing -547,512 -405,038 -897,843 -939,442 -877,925
Net Increase/Decrease in C&CE 453,927 967,597 324,203 -422,965 -26,866
C&CE, end of period 1,255,018 2,219,785 2,543,834 2,133,399 2,100,080
Ratios Dec 2019 Dec 2020 Dec 2021 Dec 2022 Sep 2023
Current Ratio (%) 8.08 5.96 7.19 8.01 9.55
DAR (x) 0.20 0.28 0.23 0.18 0.21
DER (x) 0.25 0.39 0.30 0.22 0.26
EPS (IDR) 57.98 48.55 30.70 42.75 42.24 2019 2020 2021 2022 2023
PER (x) 25.79 35.32 41.70 11.60 17.76

BV (IDR) 277 305 321 346 343 Profit/Loss for the Period (Bill. Rp)
PBV (x) 5.41 5.63 3.98 1.43 2.10
ROA (%) 17.51 10.09 10.00 9.29 6.55
ROE (%) 21.86 14.00 13.04 11.35 8.27 1,037
GPM (%) 47.74 49.36 49.10 48.32 48.13

OPM (%) 14.28 11.51 12.04 11.04 9.74 731 719
NPM (%) 12.73 9.87 10.99 9.96 8.86 674
DPS (IDR) 28.25 18.10 32.15 20.59 31.06

487
DPR (%) 48.72 37.28 104.73 48.16 73.54
Dividend Yield (%) 1.89 1.06 2.51 4.15 4.31
Miscellaneous Dec 2019 Dec 2020 Dec 2021 Dec 2022 Sep 2023
No. of Listed Shares, million 17,150 17,150 17,150 17,150 17,150
Market Capitalization, billion IDR 25,639 29,412 21,952 8,506 12,863
2019 2020 2021 2022 2023
USD Rate (BI-JISDOR), IDR* 13,945 14,105 14,269 15,592 15,487
*If the company's reported financial data is in USD then the financial data is converted to IDR by multiplying with the corresponding USD Rate.

ADRO
Adaro Energy Indonesia Tbk

ADRO Adaro Energy Indonesia Tbk

Date: 31 Jan 2024 v2.0.0

PT Adaro Energy Indonesia Tbk has a main business field of Coal mining (coal Established Listing Date IPO Price (IDR) IPO Lead Underwriter
mining). The company's President Director and President Commisioner are Danatama Makmur
Garibaldi Thohir and Edwin Soeryadjaya. The largest shareholder of the company 28 Jul 2004 16 Jul 2008 1,100
is Public (<5%) (46.78%). The company has 86 subsidiaries. One of the biggest
subsidiaries is PT Alam Tri Abadi. Stock Overview
https://www.idx.co.id/en/listed-companies/company-profiles/ADRO

Domestic 26,824.3 2,940.6
70% 70%
Foreign 11,115.6 1,473.8 A Energy A12 Coal
30% 30%
Institution 82.92% 86.75% Sub-Sector Sub-Industry
Others 16.26% 12.57% A1 Oil, Gas & Coal A121 Coal Production
Year 2023 YTD 2024
Total 37,939.9 4,414.4
Fundamental & ESG
YTD 2024
2.67x 0.67x 43.88 Severe
D 963.78 403.7 1,367.5
-107.4 205.7
Total 1,573.1 634.1 2,207.2 foreign buy and foreign sell divided by 2. Total 0x 5x 10x 15x 20x 25x 30x 35x 40x 45x 50x 55x
Buy

D 9,763.2 3,702.6 13,465.9 "Foreign Buy-Domestic Sell" minus "Foreign Sell- ADRO Sector PER Market PER
Domestic Buy".
F 3,595.2 1,908.9 5,504.1 A positive net foreign indicates a net buy by
8.79x 12.82x

2024 I - $0.00000 29-Dec-23 02-Jan-24 12-Jan-24 - - - - - - -
2023 F - $240.78000 23-May-23 24-May-23 06-Jun-23 - - - - - - -
2023 I - Rp251.28 02-Jan-23 03-Jan-23 13-Jan-23 - - - - - - -
2022 F - Rp141.39 17-May-22 18-May-22 08-Jun-22 - - - - - - -
2022 F - Rp160.16 30-Dec-22 03-Jan-22 14-Jan-22 - - - - - - -
Industry Peers
1. ADRO Adaro Energy Indonesia Tbk. 76,766.31 12/31/23 161,688,185 114,383,691 47,304,494 100,624,547 28,637,461
2. BYAN Bayan Resources Tbk. 656,666.70 12/31/23 53,176,854 30,550,974 22,625,879 55,292,855 19,755,449
3. DSSA Dian Swastatika Sentosa Tbk 111,132.91 09/30/23 40,053,930 24,605,072 15,448,857 63,393,103 11,608,641
4. CUAN Petrindo Jaya Kreasi Tbk 73,915.43 09/30/23 2,291,307 1,805,859 485,448 1,158,461 166,513
5. ADMR Adaro Minerals Indonesia 60,301.44 12/31/23 26,175,583 16,026,442 10,149,142 16,766,166 6,806,177
1. ADRO Adaro Energy Indonesia Tbk. 2.67 0.67 17.71 60.54 0.71 2.42
2. BYAN Bayan Resources Tbk. 28.21 19.57 37.15 87.31 0.57 1.35
3. DSSA Dian Swastatika Sentosa Tbk 11.35 4.52 28.98 75.14 0.61 1.59
4. CUAN Petrindo Jaya Kreasi Tbk 152.65 40.93 7.27 34.30 0.79 3.72
5. ADMR Adaro Minerals Indonesia Tbk. 12.75 4.60 26.00 67.06 0.61 1.58


Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 ADRO*
-18.92%
IHSG
5.39%
LQ45
4.03%
Sector**
Feb 23 Mar 23 Apr 23 May 23 Jun 23 Jul 23 Aug 23 Sep 23 Oct 23 Nov 23 Dec 23 Jan 24 -2.99%
*Adjusted Close Price; **Energy
Highest 2,990 3,020 3,130 2,980 2,320 2,500 2,700 2,960 2,840 2,620 2,600 2,510
Lowest 2,740 2,640 2,860 2,040 2,100 2,320 2,350 2,680 2,540 2,390 2,380 2,340
Close 2,990 2,900 3,130 2,040 2,230 2,410 2,670 2,850 2,560 2,620 2,380 2,400
Adj. Close* 2,990 2,900 3,130 2,040 2,230 2,410 2,670 2,850 2,560 2,620 2,380 2,400
Growth (%) -3.01% 7.93% -34.82% 9.31% 8.07% 10.79% 6.74% -10.18% 2.34% -9.16% 0.84%
Volume (mill.) 1,503.38 1,463.34 930.19 2,134.47 858.32 970.83 1,012.42 1,195.59 1,007.44 795.18 950.15 909.05
Value (bill.) 4,340.40 4,164.40 2,809.89 5,455.62 1,905.06 2,343.96 2,593.33 3,421.28 2,735.10 1,985.48 2,405.57 2,207.22
Frequency (th.) 295.84 239.09 155.24 376.28 152.80 187.44 200.19 208.80 236.29 164.58 187.37 207.34
Days 20 21 14 21 17 20 22 20 22 22 19 22
Price (IDR) 2019 2020 2021 2022 2023 Industry: Coal Production
Highest 1,655 1,570 2,310 4,140 3,590 No. Code 6M YTD 1Y 3Y 5Y
Lowest 1,020 645 1,160 2,160 2,040
Close 1,555 1,430 2,250 3,850 2,380 1. ADRO -0.4% 0.8% -18.9% 100.0% 72.7%
Adj. Close* 1,555 1,430 2,250 3,850 2,380 2. BYAN -0.8% -1.0% -2.0% 1258.6% 936.8%
Growth (%) -8% 57% 71% -38% 3. DSSA 220.5% 80.3% 279.5% 1106.9% 848.8%
4. CUAN 277.9% -51.0% n.a. n.a. n.a.
Shares Traded 2019 2020 2021 2022 2023 5. ADMR 59.5% 8.5% -10.1% n.a. n.a.
Volume 14,956 19,978 29,016 30,033 14,654
Value 20,018 24,209 44,192 93,830 39,989 Note:
Index Membership

1. BISNIS-27 11. JII 21. 31.
3. IDX30 13. KOMPAS100 23. 33.
4. IDX80 14. LQ45 24. 34.
5. IDXENERGY 15. MBX 25. 35.
6. IDXHIDIV20 16. MNC36 26. 36.
7. IDXQ30 17. 27. 37.
8. IDXV30 18. 28. 38.
9. Investor33 19. 29. 39.
10. ISSI 20. 30. 40.


Date: 31 Jan 2024 v2.0.0

Balance Sheets Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023
Trade receivables 4,327,468 3,161,579 6,449,431 10,090,410 8,035,907 Total Asset & Liabilities (Bill. Rp)
180
Current Assets 29,422,890 24,424,486 40,497,306 82,938,666 66,419,087
- - - - - - 160
Fixed Asset 24,019,049 21,713,731 19,935,291 22,639,475 27,086,259 140

- - - - - - 120
Total Assets 100,642,529 90,011,988 108,257,990 168,117,731 161,688,185
100
Trade Payable 4,678,840 3,022,321 3,887,004 5,195,442 5,322,487
80
Curr. Maturities - Bank Loans 7,057,007 8,289,748 3,124,497 2,228,798 3,439,531
- - - - - - 60
- - - - - - 40
Current Liabilities 17,188,621 16,149,139 19,428,071 38,161,607 32,965,878 20

Long-term Bank Loans 7,692,090 600,915 7,856,426 10,413,959 6,242,929 -
Long-term Bonds Payable 10,235,825 10,394,863 10,560,744 10,928,277 - 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 4,782,298 4,837,169 4,893,411 5,347,120 5,294,651
Paid up Capital (Shares) 31,986 31,986 31,986 31,986 31,986
114,384
Par Value 100 100 100 100 100
101,774
Retained earnings 31,914,485 33,105,295 39,717,690 69,874,815 80,593,896
Total Equity 55,548,443 55,738,926 63,615,697 101,774,254 114,383,691
Income Statements Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 63,616
55,548 55,739
Revenues 48,210,013 35,753,946 56,972,093 126,332,605 100,624,547
Gross Profit 13,451,221 8,134,763 25,252,506 72,549,139 39,173,128
Operating Profit/Loss 10,207,824 5,802,064 22,612,099 66,823,414 33,997,373
Interest & Finance Costs -925,056 -1,261,340 -1,189,093 1,392,584 1,689,057
EBT 9,191,191 3,133,637 21,207,316 69,793,207 35,421,435
Tax -3,125,088 -897,924 -6,530,322 -25,650,337 -6,783,974
2019 2020 2021 2022 2023
Profit/Loss for the period 6,066,103 2,235,713 14,676,994 44,142,870 28,637,461
Profit/Loss Period Attributable 5,636,430 2,072,405 13,319,997 38,872,103 25,342,146
Comprehensive Income 5,403,799 1,396,423 15,797,281 45,574,293 28,976,795 Total Revenue (Bill. Rp)
Comprehensive Attributable 4,945,706 1,219,702 14,409,207 40,304,135 25,663,246
126,333
Cash Flow Statements Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023
Net Cash - Operating 12,791,511 10,387,359 20,495,021 60,251,448 17,797,431 100,625
Net Cash - Investing -7,509,438 -5,068,420 -9,197,969 -11,962,120 -8,992,075
Net Cash - Financing 3,671,719 -10,973,225 -2,189,179 -12,447,327 -20,590,840
Net Increase/Decrease in C&CE 8,953,792 -5,654,285 9,107,874 35,842,001 -11,785,484
56,972
C&CE, end of period 21,979,983 16,555,081 25,843,171 63,418,246 51,122,111 48,210
35,754
Ratios Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023
Current Ratio (%) 1.71 1.51 2.08 2.17 2.01
DAR (x) 0.45 0.38 0.41 0.39 0.29
DER (x) 0.81 0.61 0.70 0.65 0.41
EPS (IDR) 223.87 47.32 202.23 1,134.40 899.04 2019 2020 2021 2022 2023
PER (x) 6.95 30.22 11.13 3.39 2.65

BV (IDR) 1,737 1,743 1,989 3,182 3,576 Profit/Loss for the Period (Bill. Rp)
PBV (x) 0.90 0.82 1.13 1.21 0.67
ROA (%) 6.03 2.48 13.56 26.26 17.71
44,143
ROE (%) 10.92 4.01 23.07 43.37 25.04
GPM (%) 27.90 22.75 44.32 57.43 38.93
OPM (%) 21.17 16.23 39.69 52.89 33.79
28,637
NPM (%) 12.58 6.25 25.76 34.94 28.46
DPS (IDR) 90.15 110.06 65.80 301.55 251.28
DPR (%) 40.27 232.58 32.54 26.58 27.95
14,677
Dividend Yield (%) 5.80 7.70 2.92 7.83 10.56
Miscellaneous Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 6,066
2,236
2019 2020 2021 2022 2023

AKRA
AKR Corporindo Tbk

AKRA AKR Corporindo Tbk

Date: 31 Jan 2024 v2.0.0

PT AKR Corporindo Tbk has a main business field of Trade and distribution of Established Listing Date IPO Price (IDR) IPO Lead Underwriter
fuel and basic chemicals. The company's President Director and President Lippo Securities
Commisioner are Haryanto Adikoesoemo and Soegiarto Adikoesoemo. The 28 Nov 1977 03 Oct 1994 4,000
largest shareholder of the company is PT Arthakencana Rayatama (59.60%).
The percentage of public shareholding (<5%) is 38.72%. The company has 10 Stock Overview
subsidiaries. One of the biggest subsidiaries is PT. USAHA ERA PRATAMA
NUSANTARA DAN ENTITAS ANAK. Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
https://www.idx.co.id/en/listed-companies/company-profiles/AKRA

Domestic 8,202.1 1,192.9
65% 59% Institution 21.88% 37.62%
Foreign 5,105.2 1,107.8 A Energy A11 Oil & Gas
41% Individual 0.21% 0.19%
35%
Others 29.25% 21.22% A1 Oil, Gas & Coal A112 Oil & Gas Storage & Distribution
Year 2023 YTD 2024
Total 13,307.3 2,300.7
Fundamental & ESG
YTD 2024
12.75x 2.48x 26.03 Medium
D 304.98 297.0 602.0
-869.5 -11.1
Total 590.9 559.4 1,150.4 foreign buy and foreign sell divided by 2. Total 0x 5x 10x 15x 20x 25x 30x 35x 40x 45x 50x 55x
Buy

D 2,713.0 1,822.8 4,535.8 "Foreign Buy-Domestic Sell" minus "Foreign Sell- AKRA Sector PER Market PER
Domestic Buy".
F 953.3 1,164.5 2,117.9 A positive net foreign indicates a net buy by
8.79x 12.82x

2023 I - Rp25.00 03-Nov-23 06-Nov-23 15-Nov-23 2022 - 12-Jan-22 4,200 5:1 840 0.200
2023 I - Rp50.00 04-Aug-23 07-Aug-23 16-Aug-23 2010 - 29-Jan-10 1,250 5:1 1,190 0.948
2023 F - Rp50.00 10-May-23 11-May-23 24-May-23 2007 - 26-Jul-07 5,500 5:1 1,100 0.200
2022 I - Rp25.00 04-Aug-22 05-Aug-22 16-Aug-22 2004 - 01-Oct-04 1,700 1:2 900 0.529
2022 F - Rp17.00 18-May-22 19-May-22 24-May-22 1996 - 30-Sep-96 2,450 2:1 1,230 0.500
Industry Peers
1. AKRA AKR Corporindo Tbk. 32,519.03 09/30/23 28,805,584 13,103,270 15,702,313 29,977,491 1,812,887
2. PGAS Perusahaan Gas Negara 28,241.36 12/31/23 101,885,643 54,660,288 47,225,355 56,295,290 5,814,573
3. RAJA Rukun Raharja Tbk. 5,643.16 09/30/23 4,921,707 2,171,402 2,750,304 1,718,538 195,808
4. SHIP Sillo Maritime Perdana Tbk. 3,073.36 09/30/23 6,668,870 2,975,825 3,693,046 1,732,519 369,551
5. HITS Humpuss Intermoda 2,996.66 09/30/23 4,110,416 1,652,705 2,457,710 1,267,301 166,532
1. AKRA AKR Corporindo Tbk. 12.75 2.48 6.29 11.55 0.45 0.83
2. PGAS Perusahaan Gas Negara Tbk. 8.23 0.53 5.71 12.31 0.54 1.16
3. RAJA Rukun Raharja Tbk. 22.96 2.60 3.98 7.12 0.44 0.79
4. SHIP Sillo Maritime Perdana Tbk. 8.79 1.03 5.54 10.01 0.45 0.81
5. HITS Humpuss Intermoda Transportasi 15.65 1.81 4.05 6.78 0.40 0.67


Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 AKRA*
23.66%
IHSG
5.39%
LQ45
4.03%
Sector**
Highest 1,425 1,615 1,625 1,605 1,515 1,470 1,400 1,545 1,515 1,505 1,475 1,680
Lowest 1,280 1,355 1,550 1,300 1,360 1,365 1,260 1,440 1,405 1,430 1,335 1,500
Close 1,385 1,550 1,620 1,365 1,420 1,385 1,400 1,545 1,490 1,435 1,475 1,620
Adj. Close* 1,385 1,550 1,620 1,365 1,420 1,385 1,400 1,545 1,490 1,435 1,475 1,620
Growth (%) 11.91% 4.52% -15.74% 4.03% -2.46% 1.08% 10.36% -3.56% -3.69% 2.79% 9.83%
Volume (mill.) 812.90 863.39 578.25 1,016.53 924.65 743.10 1,017.23 976.30 1,107.89 341.39 526.50 717.94
Value (bill.) 1,091.13 1,263.22 919.95 1,433.28 1,336.37 1,045.58 1,337.43 1,433.12 1,599.78 500.55 733.79 1,150.37
Frequency (th.) 103.75 94.86 64.13 117.39 92.46 113.49 193.50 170.36 126.66 71.02 75.11 96.21
Days 20 21 14 21 17 20 22 20 22 22 19 22
Price (IDR) 2019 2020 2021 2022 2023 Industry: Oil & Gas Storage & Distribution
Lowest 3,250 1,495 2,810 695 1,230
Close 3,950 3,180 4,110 1,400 1,475 1. AKRA 17.0% 9.8% 23.7% 185.2% 54.3%
Adj. Close* 790 636 822 280 1,475 2. PGAS -14.7% 3.1% -24.6% -13.4% -54.7%
Growth (%) -19% 29% -66% 427% 3. RAJA 46.7% -5.3% 40.5% 689.9% 242.3%
4. SHIP -19.3% 8.1% 13.0% 88.3% 37.0%
Shares Traded 2019 2020 2021 2022 2023 5. HITS -19.6% 12.2% 8.2% -10.2% -35.1%
Volume 2,048 4,934 3,255 13,295 9,708
Value 8,767 13,569 11,693 15,244 13,743 Note:
Frequency 502 682 762 1,387 1,309 Base date: 6M = Jul 31, 2023; YTD = Dec 29, 2023; 1Y = Jan 31, 2023; 3Y = Jan 29, 2021; 5Y = Jan 31, 2019;
Index Membership
No. Index Code No. Index Code No. Index Code

1. BISNIS-27 11. IDXLQ45LCL 21. LQ45 31.
2. COMPOSITE 12. IDXQ30 22. MBX 32.
3. ESGQKEHATI 13. IDXSHAGROW 23. MNC36 33.
4. ESGSKEHATI 14. IDXSMC-COM 24. SMinfra18 34.
5. I-GRADE 15. IDXSMC-LIQ 25. 35.
6. IDX30 16. Investor33 26. 36.
7. IDX80 17. ISSI 27. 37.
8. IDXENERGY 18. JII 28. 38.
9. IDXESGL 19. JII70 29. 39.
10. IDXG30 20. KOMPAS100 30. 40.


Date: 31 Jan 2024 v2.0.0

35
Current Assets 10,777,639 8,042,419 12,022,678 15,841,294 17,541,100
Investment Properties - 983,750 1,816,568 1,816,568 1,816,570 30
Fixed Asset 5,325,172 5,126,119 4,978,381 4,996,697 4,942,200
25
- - - - - -
Total Assets 21,409,046 18,683,573 23,508,586 27,187,608 28,805,600 20
Trade Payable 5,835,094 3,011,754 7,766,849 9,239,324 9,380,770
15
Curr. Maturities - Bank Loans 300,596 366,545 383,787 554,640 1,044,010
- - - - - - 10
- - - - - -
Long-term Bank Loans 1,634,299 2,552,611 2,164,803 2,101,263 3,176,680 -

Long-term Bonds Payable 835,194 104,232 36,677 36,752 - 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 401,469 401,469 401,469 401,469 401,469 13,155 13,103
Par Value 100 100 100 20 20 11,299
10,556
10,067
Total Equity 10,066,861 10,556,356 11,298,965 13,154,811 13,103,300
Revenues 21,702,638 17,715,928 25,707,069 47,539,987 29,977,500
Gross Profit 1,892,122 2,047,920 2,293,159 4,252,413 2,871,940
EBT 865,380 1,226,719 1,436,743 3,085,917 2,253,140
Tax -165,884 -264,722 -301,741 -606,858 -440,256
2019 2020 2021 2022 2023
Profit/Loss for the period 703,077 961,997 1,135,002 2,479,059 1,812,890
Profit/Loss Period Attributable 717,205 924,918 1,111,614 2,403,335 1,710,150
Comprehensive Income 656,278 971,870 1,157,728 2,576,003 1,794,950 Total Revenue (Bill. Rp)
Comprehensive Attributable 687,807 929,216 1,125,643 2,452,708 1,698,730 47,540
Cash Flow Statements Dec 2019 Dec 2020 Dec 2021 Dec 2022 Sep 2023
Net Cash - Operating 687,980 1,066,973 2,944,557 2,628,813 2,723,130
Net Cash - Investing -779,297 -139,353 -208,358 -276,398 -213,549
29,978
Net Cash - Financing -128,832 -1,239,093 -1,683,257 -873,242 -296,971 25,707
Net Increase/Decrease in C&CE -220,150 -311,473 1,052,942 1,479,173 2,212,610 21,703
C&CE, end of period 1,860,781 1,549,364 2,600,492 4,337,981 6,481,190 17,716
Current Ratio (%) 1.24 1.58 1.29 1.40 1.48
DAR (x) 0.53 0.43 0.52 0.52 0.55
DER (x) 1.13 0.77 1.08 1.07 1.20
EPS (IDR) 235.30 203.59 263.16 93.58 123.49 2019 2020 2021 2022 2023
PER (x) 16.79 15.62 15.62 14.96 12.51

BV (IDR) 2,508 2,629 2,814 655 653 Profit/Loss for the Period (Bill. Rp)
PBV (x) 1.58 1.21 1.46 2.14 2.26
ROA (%) 3.28 5.15 4.83 9.12 6.29
ROE (%) 6.98 9.11 10.05 18.85 13.84 2,479
GPM (%) 8.72 11.56 8.92 8.94 9.58
OPM (%) 5.04 6.78 5.66 6.57 7.21
1,813
NPM (%) 3.24 5.43 4.42 5.21 6.05
DPS (IDR) 180.00 100.00 135.00 42.00 125.00
1,135
DPR (%) 76.50 49.12 51.30 44.88 101.23 962
Dividend Yield (%) 4.56 3.14 3.28 3.00 8.47 703
2019 2020 2021 2022 2023

AMRT
Sumber Alfaria Trijaya Tbk

AMRT Sumber Alfaria Trijaya Tbk

Date: 31 Jan 2024 v2.0.0

PT Sumber Alfaria Trijaya Tbk has a main business field of Retail Trade. The Established Listing Date IPO Price (IDR) IPO Lead Underwriter
company's President Director and President Commisioner are Anggara Hans Ciptadana Securities
Prawira and Feny Djoko Susanto. The largest shareholder of the company is PT 15 May 1989 15 Jan 2009 395
SIGMANTARA ALFINDO (52.74%). The percentage of public shareholding
(<5%) is 47.26%. The company has 5 subsidiaries. One of the biggest Stock Overview
subsidiaries is PT Midi Utama Indonesia Tbk.
https://www.idx.co.id/en/listed-companies/company-profiles/AMRT

Domestic 6,980.8 923.9
39% 42%
Foreign 13,764.8 2,502.3 D Consumer Non-Cyclicals D11 Food & Staples Retailing
61% 58% Individual 0.02% 0.27%
Others 25.57% 23.70% D1 Food & Staples Retailing D113 Supermarkets & Convenience Store
Year 2023 YTD 2024
Total 20,745.6 3,426.1
Fundamental & ESG
YTD 2024
33.40x 7.86x 32.67 High
D 157.90 370.0 527.9
685.6 -131.9
F 238.1 947.1 1,185.2 *Total trading value by Foreign is the sum of
Total 396.0 1,317.1 1,713.1 foreign buy and foreign sell divided by 2. Total 0x 5x 10x 15x 20x 25x 30x 35x 40x 45x 50x 55x
Buy

D 1,724.9 1,422.6 3,147.6 "Foreign Buy-Domestic Sell" minus "Foreign Sell- AMRT Sector PER Market PER
Domestic Buy".
14.50x 12.82x

2023 F - Rp24.06 29-May-23 30-May-23 14-Jun-23 2013 - 29-Jul-13 6,350 10:1 630 0.100
2022 F - Rp18.78 07-Jun-22 08-Jun-22 24-Jun-22 - - - - - - -
2021 F - Rp9.30 20-May-21 21-May-21 04-Jun-21 - - - - - - -
2020 I - Rp6.03 14-Dec-20 15-Dec-20 22-Dec-20 - - - - - - -
2020 F - Rp13.38 28-May-20 29-May-20 12-Jun-20 - - - - - - -
Industry Peers
1. AMRT Sumber Alfaria Trijaya Tbk. 110,039.93 09/30/23 33,010,986 14,008,470 19,002,516 80,024,668 2,255,389
2. MIDI Midi Utama Indonesia Tbk. 13,507.86 09/30/23 7,393,037 3,750,553 3,642,484 12,924,043 390,265
3. HERO Hero Supermarket Tbk. 3,828.03 12/31/23 5,766,226 1,420,122 4,346,104 5,097,517 -132,165
4. MLPL Multipolar Tbk. 1,066.40 09/30/23 13,154,315 4,633,529 8,520,786 8,199,523 1,603
5. RANC Supra Boga Lestari Tbk. 962.16 09/30/23 1,214,698 347,675 867,024 2,173,267 -78,563
1. AMRT Sumber Alfaria Trijaya Tbk. 33.40 7.86 6.83 11.87 0.42 0.74
2. MIDI Midi Utama Indonesia Tbk. 28.10 3.60 5.28 10.71 0.51 1.03
3. HERO Hero Supermarket Tbk. 23.35 4.01 -2.29 -3.04 0.25 0.33
4. MLPL Multipolar Tbk. 5.08 0.23 0.01 0.02 0.35 0.54
5. RANC Supra Boga Lestari Tbk. -9.43 2.77 -6.47 -9.06 0.29 0.40


Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 AMRT*
-6.36%
IHSG
5.39%
LQ45
4.03%
Sector**
*Adjusted Close Price; **Consumer Non-Cyclicals
Highest 3,070 2,980 2,920 3,020 2,740 2,870 2,990 2,980 2,950 2,910 2,930 2,890
Lowest 2,900 2,770 2,700 2,640 2,580 2,590 2,780 2,810 2,730 2,810 2,730 2,630
Close 2,900 2,880 2,900 2,640 2,580 2,700 2,900 2,960 2,890 2,870 2,930 2,650
Adj. Close* 2,900 2,880 2,900 2,640 2,580 2,700 2,900 2,960 2,890 2,870 2,930 2,650
Growth (%) -0.69% 0.69% -8.97% -2.27% 4.65% 7.41% 2.07% -2.36% -0.69% 2.09% -9.56%
Volume (mill.) 413.20 417.55 369.06 663.24 558.84 498.38 859.15 325.43 535.26 835.08 652.19 635.79
Value (bill.) 1,226.82 1,197.77 1,030.61 1,883.24 1,474.16 1,359.03 2,461.50 945.10 1,528.24 2,406.58 1,839.59 1,713.07
Frequency (th.) 87.70 96.75 76.51 132.41 107.85 87.82 90.96 70.95 98.16 108.47 101.78 109.68
Days 20 21 14 21 17 20 22 20 22 22 19 22
Price (IDR) 2019 2020 2021 2022 2023 Industry: Supermarkets & Convenience Store
Highest 1,025 920 1,440 3,090 3,070 No. Code 6M YTD 1Y 3Y 5Y
Lowest 800 625 765 1,020 2,580
Close 880 800 1,215 2,650 2,930 1. AMRT -1.9% -9.6% -6.4% 239.7% 229.2%
Adj. Close* 880 800 1,215 2,650 2,930 2. MIDI -11.4% -6.0% 20.1% 118.6% 317.9%
Growth (%) -9% 52% 118% 11% 3. HERO -29.6% 3.4% -39.0% -3.2% 12.3%
4. MLPL -24.4% -6.8% -34.0% 4.6% -42.9%
Shares Traded 2019 2020 2021 2022 2023 5. RANC -9.6% -8.2% -21.7% 46.4% 80.9%
Volume 1,400 1,365 8,776 15,690 6,560
Value 1,234 1,077 10,191 31,010 18,544 Note:
Frequency 15 45 756 1,792 1,158 Base date: 6M = Jul 31, 2023; YTD = Dec 29, 2023; 1Y = Jan 31, 2023; 3Y = Jan 29, 2021; 5Y = Jan 31, 2019;
Index Membership

1. BISNIS-27 11. KOMPAS100 21. 31.
2. COMPOSITE 12. LQ45 22. 32.
3. IDX30 13. MBX 23. 33.
4. IDX80 14. MNC36 24. 34.
5. IDXG30 15. 25. 35.
6. IDXHIDIV20 16. 26. 36.
7. IDXLQ45LCL 17. 27. 37.
8. IDXNONCYC 18. 28. 38.
9. IDXQ30 19. 29. 39.
10. Investor33 20. 30. 40.


Date: 31 Jan 2024 v2.0.0

35
Current Assets 14,782,817 13,558,536 14,211,903 15,664,200 16,549,400
- - - - - - 30
Fixed Asset 5,453,229 6,091,336 6,462,667 7,204,035 7,748,500
25
- - - - - -
Total Assets 23,992,313 25,970,743 27,493,748 30,746,266 33,011,000 20
Trade Payable 7,891,770 8,860,594 9,753,901 10,488,605 10,974,197
15
Curr. Maturities - Bank Loans 642,106 516,449 464,834 353,710 -
- - - - - - 10
- - - - - -
Long-term Bank Loans 707,168 724,494 606,625 765,766 - -

Long-term Bonds Payable 998,553 - - - - 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 415,245 415,245 415,245 415,245 415,245
Paid up Capital (Shares) 41,525 41,525 41,525 41,525 41,525 14,009
Par Value 10 10 10 10 10
11,471
Total Equity 6,884,307 7,636,328 8,989,798 11,470,692 14,008,500
8,990
Income Statements Dec 2019 Dec 2020 Dec 2021 Dec 2022 Sep 2023 7,636
6,884
Revenues 72,944,988 75,826,880 84,904,301 96,924,686 80,024,700
Gross Profit 14,541,634 15,412,434 17,681,005 20,022,444 16,897,300
Operating Profit/Loss 899,886 763,809 1,849,311 2,797,661 2,021,190
EBT 1,453,898 1,388,967 2,468,864 3,566,789 2,802,290
Tax -315,010 -300,490 -480,114 -659,311 -546,905
2019 2020 2021 2022 2023
Comprehensive Income 977,914 1,566,127 1,902,831 2,829,841 2,183,570 Total Revenue (Bill. Rp)
Comprehensive Attributable 953,587 1,533,565 1,864,430 2,778,057 2,118,420
80,025
Net Cash - Investing -2,689,191 -3,830,974 -3,659,677 -4,700,017 -3,696,670 72,945
75,827
Net Cash - Financing -892,330 -2,749,689 -3,278,614 -1,813,512 -1,064,580
Net Increase/Decrease in C&CE 1,827,621 -20,490 -602,328 548,959 -643,904
C&CE, end of period 3,898,050 3,877,560 3,269,642 3,818,601 3,174,700
Current Ratio (%) 1.12 0.88 0.87 0.90 0.94
DAR (x) 0.71 0.71 0.67 0.63 0.58
DER (x) 2.49 2.40 2.06 1.68 1.36
EPS (IDR) 23.24 26.51 36.85 63.50 77.41 2019 2020 2021 2022 2023
PER (x) 37.86 30.18 32.97 41.73 38.24

PBV (x) 5.31 4.35 5.61 9.59 8.69
ROA (%) 4.75 4.19 7.23 9.46 6.83
ROE (%) 16.54 14.25 22.12 25.35 16.10 2,907
GPM (%) 19.94 20.33 20.82 20.66 21.12
OPM (%) 1.23 1.01 2.18 2.89 2.53 2,255
NPM (%) 1.56 1.44 2.34 3.00 2.82 1,989
DPS (IDR) 2.64 19.41 9.30 18.78 24.06

DPR (%) 11.36 73.23 25.24 29.58 31.08 1,139 1,088
Dividend Yield (%) 0.30 2.43 0.77 0.71 0.82
2019 2020 2021 2022 2023

ANTM
Aneka Tambang Tbk

ANTM Aneka Tambang Tbk

Date: 31 Jan 2024 v2.0.0

PT Aneka Tambang Tbk has a main business field of Metal and Mineral Mining. Established Listing Date IPO Price (IDR) IPO Lead Underwriter
The company's President Director and President Commisioner are Nicolas D. Danarkesa Sekuritas
Kanter and F.X. Sutijastoto. The largest shareholder of the company is PT 05 Jul 1968 27 Nov 1997 1,400
INDONESIA ASAHAN ALUMINIUM (PERSERO) (65.00%). The percentage of
public shareholding (<5%) is 35.00%. The company has 19 subsidiaries. One of Stock Overview
the biggest subsidiaries is PT Indonesia Chemical Alumina.
https://www.idx.co.id/en/listed-companies/company-profiles/ANTM

Domestic 17,717.6 2,193.7
75% 73%
Foreign 5,947.9 882.5 B Basic Materials B14 Metals & Minerals
Others 16.78% 18.97% B1 Basic Materials B146 Diversified Metals & Minerals
Year 2023 YTD 2024
Total 23,665.5 3,076.2
Fundamental & ESG
YTD 2024
9.21x 1.51x 40.53 Severe
D 804.20 376.0 1,180.2
134.2 -166.8
Buy

D 6,748.4 2,043.3 8,791.7 "Foreign Buy-Domestic Sell" minus "Foreign Sell- ANTM Sector PER Market PER
Domestic Buy".
11.74x 12.82x

2023 F - Rp79.50 26-Jun-23 26-Jun-23 14-Jul-23 2015 - 16-Oct-15 505 310:471 424 0.840
2022 F - Rp38.74 06-Jun-22 07-Jun-22 24-Jun-22 2007 - 12-Jul-07 13,250 5:1 2,650 0.200
2021 F - Rp16.74 16-Apr-21 19-Apr-21 07-May-21 2002 - 11-Jul-02 1,100 100:55 710 0.645
2020 F - Rp2.82 22-Jun-20 23-Jun-20 15-Jul-20 - - - - - - -
2019 F - Rp12.74 06-May-19 07-May-19 24-May-19 - - - - - - -
Industry Peers
1. ANTM Aneka Tambang Tbk. 37,247.69 09/30/23 35,500,169 24,616,771 10,883,398 30,898,980 2,848,590
2. NCKL Trimegah Bangun Persada 57,104.23 09/30/23 45,088,746 27,172,138 17,916,607 17,299,778 5,666,021
3. INCO Vale Indonesia Tbk. 38,453.63 12/31/23 45,174,499 39,593,887 5,580,612 19,024,908 4,235,443
4. BRMS Bumi Resources Minerals 21,976.53 09/30/23 17,266,754 14,956,797 2,309,957 507,141 165,129
5. TINS Timah Tbk. 4,282.46 09/30/23 12,729,755 6,640,839 6,088,916 6,377,301 -87,434
1. ANTM Aneka Tambang Tbk. 9.21 1.51 8.02 26.17 0.69 2.26
2. NCKL Trimegah Bangun Persada Tbk 10.33 2.10 12.57 31.62 0.60 1.52
3. INCO Vale Indonesia Tbk. 9.65 0.99 9.38 75.90 0.88 7.09
4. BRMS Bumi Resources Minerals Tbk. 79.38 1.47 0.96 7.15 0.87 6.47
5. TINS Timah Tbk. -22.30 0.64 -0.69 -1.44 0.52 1.09


Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 ANTM*
-32.90%
IHSG
5.39%
LQ45
4.03%
Sector**
*Adjusted Close Price; **Basic Materials
Highest 2,370 2,090 2,130 2,130 2,060 2,020 2,040 1,955 1,850 1,740 1,750 1,735
Lowest 1,990 1,795 2,020 1,895 1,950 1,960 1,945 1,815 1,705 1,600 1,595 1,535
Close 1,990 2,090 2,100 1,895 1,950 1,985 1,990 1,815 1,705 1,740 1,705 1,550
Adj. Close* 1,990 2,090 2,100 1,895 1,950 1,985 1,990 1,815 1,705 1,740 1,705 1,550
Growth (%) 5.03% 0.48% -9.76% 2.90% 1.79% 0.25% -8.79% -6.06% 2.05% -2.01% -9.09%
Volume (mill.) 1,537.91 1,734.15 844.89 968.14 577.10 601.49 947.40 762.79 755.11 745.43 900.90 943.43
Value (bill.) 3,330.73 3,357.00 1,774.58 1,943.54 1,156.28 1,197.64 1,892.31 1,452.40 1,346.53 1,237.03 1,530.98 1,538.12
Frequency (th.) 274.69 330.38 138.34 203.95 125.35 132.03 168.19 181.37 191.38 174.38 184.36 214.86
Days 20 21 14 21 17 20 22 20 22 22 19 22
Price (IDR) 2019 2020 2021 2022 2023 Industry: Diversified Metals & Minerals
Lowest 670 348 2,170 1,540 1,595
Close 840 1,935 2,250 1,985 1,705 1. ANTM -21.9% -9.1% -32.9% -30.2% 60.6%
Adj. Close* 840 1,935 2,250 1,985 1,705 2. NCKL -3.7% -9.5% n.a. n.a. n.a.
Growth (%) 130% 16% -12% -14% 3. INCO -43.7% -10.2% -47.9% -29.6% 0.5%
4. BRMS -9.4% -8.8% -15.8% 109.1% 241.8%
Shares Traded 2019 2020 2021 2022 2023 5. TINS -38.8% -10.9% -54.0% -66.0% -55.3%
Volume 25,382 46,447 63,677 32,389 12,387
Value 23,928 49,809 164,446 71,609 24,593 Note:
Index Membership

1. COMPOSITE 11. IDXSMC-COM 21. SRI-KEHATI 31.
2. ESGQKEHATI 12. IDXSMC-LIQ 22. 32.
3. ESGSKEHATI 13. Investor33 23. 33.
4. IDX30 14. ISSI 24. 34.
5. IDX80 15. JII 25. 35.
6. IDXBASIC 16. JII70 26. 36.
7. IDXBUMN20 17. KOMPAS100 27. 37.
8. IDXHIDIV20 18. LQ45 28. 38.
9. IDXLQ45LCL 19. MBX 29. 39.
10. IDXMESBUMN 20. MNC36 30. 40.


Date: 31 Jan 2024 v2.0.0

Trade receivables 1,002,335 1,344,196 1,447,676 1,832,623 844,235 Total Asset & Liabilities (Bill. Rp)
40
Current Assets 7,665,239 9,150,514 11,728,143 11,694,779 13,232,400
- - - - - - 35
Fixed Asset 18,865,691 18,248,068 16,863,748 16,471,563 16,430,800 30

- - - - - -
25
Total Assets 30,194,908 31,729,513 32,916,154 33,637,271 35,500,200
Trade Payable 739,744 672,748 1,399,446 1,301,565 1,024,137 20
Curr. Maturities - Bank Loans 1,585,286 1,033,259 1,079,630 737,837 633,947 15

- - - - - -
10
- - - - - -
Long-term Bonds Payable 2,098,516 - - - - 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 2,403,076 2,403,076 2,403,076 2,403,076 2,403,080
24,617
Par Value 100 100 100 100 100 23,712

19,039
Total Equity 18,133,419 19,039,449 20,837,098 23,712,060 24,616,800 18,133
Revenues 32,718,543 27,372,461 38,445,595 45,930,356 30,899,000
Gross Profit 4,447,156 4,475,777 6,359,061 8,210,519 6,097,530
Operating Profit/Loss 955,615 2,032,303 2,738,144 3,941,871 3,345,214
EBT 687,034 1,641,178 3,043,509 5,214,771 3,684,020
Tax -493,182 -491,824 -1,181,769 -1,393,807 -835,427
2019 2020 2021 2022 2023
Profit/Loss for the period 193,852 1,149,354 1,861,740 3,820,964 2,848,590
Profit/Loss Period Attributable 193,851 1,149,353 1,861,743 3,820,965 2,848,590
Comprehensive Income -8,898 973,878 2,199,922 3,805,833 2,815,190 Total Revenue (Bill. Rp)
Comprehensive Attributable -8,899 973,877 2,199,925 3,805,834 2,815,190
45,930
38,446
Net Cash - Operating 1,633,837 2,218,674 5,042,665 4,108,037 3,983,280
Net Cash - Investing -885,313 -567,382 -1,729,827 -783,125 1,069,780 32,719
30,899
Net Cash - Financing -1,363,160 -1,218,456 -2,221,595 -4,077,783 -1,942,970 27,372
Net Increase/Decrease in C&CE -614,636 432,837 1,091,243 -752,871 3,110,090

C&CE, end of period 3,636,243 3,984,388 5,089,160 4,476,491 7,540,340
Current Ratio (%) 1.45 1.21 1.79 1.96 1.71
DAR (x) 0.40 0.40 0.37 0.30 0.31
DER (x) 0.67 0.67 0.58 0.42 0.44
EPS (IDR) 33.48 19.49 84.23 115.61 174.14 2019 2020 2021 2022 2023
PER (x) 25.09 99.26 26.71 17.17 10.42

BV (IDR) 755 792 867 987 1,024 Profit/Loss for the Period (Bill. Rp)
PBV (x) 1.11 2.44 2.59 2.01 1.66
ROA (%) 0.64 3.62 5.66 11.36 8.02
ROE (%) 1.07 6.04 8.93 16.11 11.57 3,821
GPM (%) 13.59 16.35 16.54 17.88 19.73

OPM (%) 2.92 7.42 7.12 8.58 10.83 2,849
NPM (%) 0.59 4.20 4.84 8.32 9.22
DPS (IDR) 12.74 2.82 16.74 38.74 79.50 1,862
DPR (%) 38.06 14.47 19.87 33.51 45.65
Dividend Yield (%) 1.52 0.15 0.74 1.95 4.66 1,149
194
2019 2020 2021 2022 2023

ARTO
Bank Jago Tbk

ARTO Bank Jago Tbk

Date: 31 Jan 2024 v2.0.0

PT Bank Jago Tbk has a main business field of Banking. The company's Established Listing Date IPO Price (IDR) IPO Lead Underwriter
President Director and President Commisioner are Arief Harris Tandjung and Binaartha Parama
Jerry Ng. The largest shareholder of the company is PT Metamorfosis Ekosistem 01 May 1992 12 Jan 2016 132
Indonesia (29.81%). The percentage of public shareholding (<5%) is 27.89%.
Stock Overview
https://www.idx.co.id/en/listed-companies/company-profiles/ARTO

Domestic 15,168.7 2,322.0
75% 77% Others 12.99% 16.71% Sector Industry
Foreign 4,012.0 722.4 G Financials G11 Banks
Others 14.66% 10.88% G1 Banks G111 Banks
Year 2023 YTD 2024
Total 19,180.7 3,044.4
Fundamental & ESG
YTD 2024
1735.14x 5.34x 28.51 Medium
D 868.24 154.6 1,022.8
4.3 276.4
Buy

D 6,115.5 1,466.7 7,582.2 "Foreign Buy-Domestic Sell" minus "Foreign Sell- ARTO Sector PER Market PER
Domestic Buy".
16.26x 12.82x

- - - - - - - 2021 - 05-Mar-21 11,100 579:160 9,200 0.829
- - - - - - - 2020 - 30-Mar-20 3,140 1:8 472 0.150
- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
Industry Peers
1. ARTO Bank Jago Tbk. 44,033.78 09/30/23 19,126,581 8,334,013 10,535,109 1,436,637 50,294
2. BRIS Bank Syariah Indonesia Tbk. 106,406.15 12/31/23 353,624,124 38,739,121 87,222,911 16,360,388 5,703,743
3. MEGA Bank Mega Tbk. 61,604.63 12/31/23 132,049,591 21,755,443 110,294,148 11,889,443 3,510,670
4. BNGA Bank CIMB Niaga Tbk. 43,789.31 12/31/23 334,369,233 49,337,371 285,031,862 25,460,830 6,551,401
5. BNLI Bank Permata Tbk 33,133.08 12/31/23 257,444,147 39,992,322 217,451,825 17,440,508 2,585,218
1. ARTO Bank Jago Tbk. 1735.14 5.34 0.26 0.48 0.44 0.79
2. BRIS Bank Syariah Indonesia Tbk. 20.45 2.89 1.61 6.54 0.11 0.44
3. MEGA Bank Mega Tbk. 14.79 3.01 2.66 3.18 0.16 0.20
4. BNGA Bank CIMB Niaga Tbk. 7.25 0.93 1.96 2.30 0.15 0.17
5. BNLI Bank Permata Tbk 17.52 0.85 1.00 1.19 0.16 0.18

ARTO Bank Jago Tbk

Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 ARTO*
0.00%
IHSG
5.39%
LQ45
4.03%
Sector**
*Adjusted Close Price; **Financials
Highest 3,640 2,850 2,490 2,620 3,230 3,460 2,940 2,420 2,040 3,200 3,600 3,650
Lowest 2,470 2,140 1,995 2,130 2,500 2,910 2,290 2,020 1,565 1,535 2,900 2,930
Close 2,510 2,420 2,070 2,380 3,180 2,910 2,330 2,020 1,575 3,200 2,900 3,210
Adj. Close* 2,510 2,420 2,070 2,380 3,180 2,910 2,330 2,020 1,575 3,200 2,900 3,210
Growth (%) -3.59% -14.46% 14.98% 33.61% -8.49% -19.93% -13.30% -22.03% 103.17% -9.38% 10.69%
Volume (mill.) 991.91 941.96 282.33 483.78 564.56 366.10 332.75 304.96 361.38 1,159.76 925.34 457.34
Value (bill.) 2,783.85 2,367.43 617.51 1,144.01 1,693.25 1,153.71 871.71 691.36 644.16 3,061.55 3,010.95 1,522.20
Frequency (th.) 205.22 170.18 64.08 107.92 154.50 130.78 99.31 88.52 103.28 304.50 310.50 164.11
Days 20 21 14 21 17 20 22 20 22 22 19 22
Price (IDR) 2019 2020 2021 2022 2023 Industry: Banks

Lowest 145 590 4,210 3,300 1,535
Close 3,100 4,300 16,000 3,720 2,900 1. ARTO 10.3% 10.7% 0.0% -42.2% 15304.3%
Adj. Close* 387 537 13,269 3,720 2,900 2. BRIS 40.8% 33.9% 74.5% -2.1% 326.6%
Growth (%) 39% 2373% -72% -22% 3. MEGA -0.9% 3.9% -7.0% -0.7% 85.0%
4. BNGA 4.1% 3.8% 49.2% 105.8% 59.3%
Shares Traded 2019 2020 2021 2022 2023 5. BNLI -4.6% 0.5% -8.0% -60.6% -8.4%
Volume 1,310 4,265 5,402 6,076 7,123
Value 528 5,640 74,941 71,169 19,350 Note:
Frequency 11 55 2,789 2,772 1,896 Base date: 6M = Jul 31, 2023; YTD = Dec 29, 2023; 1Y = Jan 31, 2023; 3Y = Jan 29, 2021; 5Y = Jan 31, 2019;
Index Membership
No. Index Code

1. COMPOSITE 11. 21. 31.
2. IDX30 12. 22. 32.
3. IDX80 13. 23. 33.
4. IDXFINANCE 14. 24. 34.
5. INFOBANK15 15. 25. 35.
6. KOMPAS100 16. 26. 36.
7. LQ45 17. 27. 37.
8. MBX 18. 28. 38.
9. 19. 29. 39.
10. 20. 30. 40.

ARTO Bank Jago Tbk

Date: 31 Jan 2024 v2.0.0

- - - - - -
Current accounts (BI & Banks) 38,036 135,277 239,676 825,182 1,254,439 Total Asset & Liabilities (Bill. Rp)
Placements (BI & Banks) 896,676 300,946 1,168,780 624,927 726,933 Asset Liabilities
25
- - - - - -
Loans 251,671 826,203 5,241,783 8,887,647 10,278,838
Marketable Securities - 137,601 1,898,629 2,861,655 2,218,290 20
Fixed Asset 69,359 137,634 143,877 143,604 128,287

Total Assets 1,321,057 2,179,873 12,312,422 16,965,295 19,126,600 15
Deposits 627,010 805,757 3,567,261 7,748,326 10,047,313

- - - - - - 10
- - - - - -
- - - - - - 5
- - - - - -
- - - - - - -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Total Liabilities 639,878 947,540 3,952,606 8,175,479 10,535,100
Common Stocks 120,625 1,085,625 1,385,625 1,385,625 1,385,630
8,249 8,264 8,334
Par Value 100 100 100 100 100
Retained earnings -168,224 -331,618 -245,545 -229,575 -179,281
Total equity 681,179 1,232,333 8,249,455 8,263,757 8,334,010
Interest Income 52,609 90,071 652,419 1,500,465 1,436,640
Interest Expenses -41,109 -25,427 -62,681 -147,469 -227,395
Profit from Operation -91,723 -185,731 10,503 12,719 62,735
1,232
EBT -118,795 -189,567 9,134 20,428 69,997 681
Tax -3,171 - 76,890 -4,515 -19,703
- - - - - -
2019 2020 2021 2022 2023
Profit for the period -121,966 -189,567 86,024 15,913 50,294
Profit/Loss Period Attributable -121,966 -189,567 86,024 15,913 50,294
Comprehensive Income -117,238 -189,671 83,761 14,302 50,381 Total Revenue (Bill. Rp)
Comprehensive Attributable -117,238 -189,671 83,761 14,302 50,381 1,500
1,437
Net Cash - Operating 134,314 -327,182 -3,786,538 1,504,729 383,718
Net Cash - Investing -814,353 -264,953 -2,165,388 -1,452,205 154,082
Net Cash - Financing 682,858 736,147 6,922,891 -10,624 -8,615
Net Increase/Decrease in C&CE 2,819 144,012 970,965 41,900 529,185
652
- - - - - -
Current Ratio (%) n.a. n.a. n.a. n.a. n.a.
90
DAR (x) 0.48 0.43 0.32 0.48 0.55 53
DER (x) 0.94 0.77 0.48 0.99 1.26

EPS (IDR) -26.69 -19.21 -8.40 11.49 1.99 2019 2020 2021 2022 2023
PER (x) -116.16 -223.79 -1,903.67 323.77 1,017.40

PBV (x) 5.43 37.50 26.61 6.18 4.77
ROA (%) -9.23 -8.70 0.70 0.09 0.26 86
ROE (%) -17.91 -15.38 1.04 0.19 0.60 50
GPM (%) -78.14 -28.23 -9.61 -9.83 -15.83 16
OPM (%) n.a. n.a. n.a. n.a. n.a.

NPM (%) -231.83 -210.46 13.19 1.06 3.50
DPS (IDR) 0.00 0.00 0.00 0.00 0.00
DPR (%) 0.00 0.00 0.00 0.00 0.00
Dividend Yield (%) 0.00 0.00 0.00 0.00 0.00 -122
No. of Listed Shares, million 1,194 10,748 13,718 13,718 13,718 -190

2019 2020 2021 2022 2023

ASII
Astra International Tbk

ASII Astra International Tbk

Date: 31 Jan 2024 v2.0.0

PT Astra International Tbk has a main business field of General trading. The Established Listing Date IPO Price (IDR) IPO Lead Underwriter
company's President Director and President Commisioner are Djony Bunarto Danareksa Sekuritas
Tjondro and Prijono Sugiarto. The largest shareholder of the company is Jardine 20 Feb 1957 04 Apr 1990 14,850
Cycle & Carriage Limited (50.11%). The percentage of public shareholding (<5%)
is 49.89%. The company has 33 subsidiaries. One of the biggest subsidiaries is Stock Overview
PT United Tractors Tbk.
https://www.idx.co.id/en/listed-companies/company-profiles/ASII

Domestic 31,937.3 10,569.8
49% 50% Institution 26.99% 14.99%
Foreign 41,589.6 14,392.0 C Industrials C31 Multi-sector Holdings
51% 50% Individual 0.16% 0.26%
Others 26.28% 44.16% C3 Multi-sector Holdings C311 Multi-sector Holdings
Year 2023 YTD 2024
Total 73,526.9 24,961.8
Fundamental & ESG
YTD 2024
6.63x 0.87x 33.36 High
D 2,544.38 3,982.9 6,527.3
-861.4 -2,484.9
F 1,498.1 4,455.5 5,953.6 *Total trading value by Foreign is the sum of
Total 4,042.5 8,438.4 12,480.9 foreign buy and foreign sell divided by 2. Total 0x 5x 10x 15x 20x 25x 30x 35x 40x 45x 50x 55x
Buy

D 7,826.7 8,572.7 16,399.4 "Foreign Buy-Domestic Sell" minus "Foreign Sell- ASII Sector PER Market PER
Domestic Buy".
9.81x 12.82x

2023 I - Rp98.00 12-Oct-23 13-Oct-23 31-Oct-23 2012 - 05-Jun-12 62,400 10:1 6,250 0.100
2023 F - Rp552.00 05-May-23 08-May-23 19-May-23 2003 - 10-Jan-03 2,850 13:7 2,225 0.773
2022 I - Rp88.00 12-Oct-22 13-Oct-22 31-Oct-22 1997 - 01-Sep-97 5,400 2:1 2,700 0.500
2022 F - Rp194.00 09-May-22 10-May-22 20-May-22 - - - - - - -
2021 I - Rp45.00 08-Oct-21 11-Oct-21 29-Oct-21 - - - - - - -
Industry Peers
1. ASII Astra International Tbk. 207,478.21 12/31/23 445,679,000 250,418,000 195,261,000 316,565,000 44,501,000
2. UNTR United Tractors Tbk. 85,606.60 12/31/23 154,028,248 84,035,563 69,992,685 128,583,264 22,130,096
3. IMPC Impack Pratama Industri Tbk. 21,273.25 09/30/23 3,440,961 2,396,517 1,044,444 2,086,650 349,271
4. BNBR Bakrie & Brothers Tbk 8,002.87 12/31/23 7,101,606 2,660,663 4,440,943 3,759,484 264,458
5. ARNA Arwana Citramulia Tbk. 5,028.88 12/31/23 2,620,492 1,855,036 765,455 2,447,442 449,080
1. ASII Astra International Tbk. 6.63 0.87 9.98 22.79 0.56 1.28
2. UNTR United Tractors Tbk. 4.18 1.09 14.37 31.62 0.55 1.20
3. IMPC Impack Pratama Industri Tbk. 48.13 8.88 10.15 33.44 0.70 2.29
4. BNBR Bakrie & Brothers Tbk 29.91 3.39 3.72 5.95 0.37 0.60
5. ARNA Arwana Citramulia Tbk. 10.69 2.81 17.14 58.67 0.71 2.42


Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 ASII*
-14.58%
IHSG
5.39%
LQ45
4.03%
Sector**
*Adjusted Close Price; **Industrials
Highest 6,100 6,150 6,750 6,675 6,925 6,850 6,875 6,600 6,275 5,925 5,750 5,700
Lowest 5,575 5,775 5,925 6,125 6,750 6,450 6,400 6,150 5,600 5,400 5,525 4,930
Close 6,100 6,000 6,750 6,450 6,775 6,850 6,450 6,225 5,775 5,400 5,650 5,125
Adj. Close* 6,100 6,000 6,750 6,450 6,775 6,850 6,450 6,225 5,775 5,400 5,650 5,125
Growth (%) -1.64% 12.50% -4.44% 5.04% 1.11% -5.84% -3.49% -7.23% -6.49% 4.63% -9.29%
Volume (mill.) 888.98 862.86 946.21 1,272.31 936.80 977.62 761.79 841.99 1,267.92 1,116.58 1,070.49 2,373.24
Value (bill.) 5,164.35 5,127.85 5,993.61 8,182.17 6,376.81 6,532.55 5,058.79 5,321.99 7,475.91 6,367.01 6,012.80 12,480.88
Frequency (th.) 158.16 150.68 133.80 200.47 128.39 159.10 171.22 148.52 190.38 172.67 166.04 388.09
Days 20 21 14 21 17 20 22 20 22 22 19 22
Price (IDR) 2019 2020 2021 2022 2023 Industry: Multi-sector Holdings
Lowest 6,275 3,280 4,650 5,300 5,225
Close 6,925 6,025 5,700 5,700 5,650 1. ASII -25.2% -9.3% -14.6% -16.0% -39.3%
Adj. Close* 6,925 6,025 5,700 5,700 5,650 2. UNTR -16.6% 1.4% -6.5% 0.4% -10.8%
Growth (%) -13% -5% 0% -1% 3. IMPC 16.7% 1.0% 19.8% 218.2% 371.3%
4. BNBR -5.7% 0.0% -29.6% 0.0% 0.0%
Shares Traded 2019 2020 2021 2022 2023 5. ARNA -18.9% 3.0% -31.8% 3.8% 44.5%
Volume 10,206 14,859 14,012 13,358 12,109
Value 73,657 74,691 78,633 85,381 74,141 Note:
Index Membership

1. BISNIS-27 11. Investor33 21. 31.
2. COMPOSITE 12. ISSI 22. 32.
3. ESGQKEHATI 13. JII 23. 33.
4. ESGSKEHATI 14. JII70 24. 34.
5. IDX30 15. KOMPAS100 25. 35.
6. IDX80 16. LQ45 26. 36.
7. IDXHIDIV20 17. MBX 27. 37.
8. IDXINDUST 18. MNC36 28. 38.
9. IDXQ30 19. 29. 39.
10. IDXV30 20. 30. 40.


Date: 31 Jan 2024 v2.0.0

500
Current Assets 129,058,000 132,308,000 160,262,000 179,818,000 166,186,000
450
Investment Properties 7,552,000 7,507,000 7,550,000 7,172,000 7,137,000
Fixed Asset 62,337,000 59,230,000 55,349,000 59,536,000 72,911,000 400
- - - - - - 350
Total Assets 351,958,000 338,203,000 367,311,000 413,297,000 445,679,000 300
Trade Payable 29,762,000 16,262,000 24,794,000 37,644,000 40,529,000 250
Curr. Maturities - Bank Loans 17,755,000 19,219,000 26,368,000 22,329,000 22,775,000 200
- - - - - - 150
- - - - - - 100
Long-term Bonds Payable 13,374,000 8,101,000 7,673,000 9,308,000 10,418,000 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 2,024,000 2,024,000 2,024,000 2,024,000 2,024,000
243,720 250,418
Par Value 50 50 50 50 50
215,615
195,454
Total Equity 186,763,000 195,454,000 215,615,000 243,720,000 250,418,000 186,763
Income Statements Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023
Revenues 237,166,000 175,046,000 233,485,000 301,379,000 316,565,000
Gross Profit 50,239,000 38,558,000 51,033,000 70,088,000 73,310,000
Interest & Finance Costs -4,382,000 -3,408,000 -2,288,000 2,107,000 3,112,000
EBT 34,054,000 21,741,000 32,350,000 50,390,000 54,729,000
Tax -7,433,000 -3,170,000 -6,764,000 -9,970,000 -10,228,000
2019 2020 2021 2022 2023
316,565
301,379
237,166 233,485
Net Cash - Investing -14,186,000 13,133,000 -3,905,000 -15,967,000 -35,989,000
Net Cash - Financing -5,414,000 -27,955,000 -18,200,000 -25,528,000 -17,379,000
175,046
Net Increase/Decrease in C&CE -425,000 22,861,000 16,147,000 -4,153,000 -19,622,000
C&CE, end of period 24,330,000 47,553,000 63,947,000 61,295,000 41,136,000
Current Ratio (%) 1.29 1.54 1.54 1.51 1.33
DAR (x) 0.47 0.42 0.41 0.41 0.44
DER (x) 0.88 0.73 0.70 0.70 0.78
EPS (IDR) 505.59 491.01 422.44 705.20 773.28 2019 2020 2021 2022 2023
PER (x) 13.70 12.27 13.49 8.08 7.31

PBV (x) 1.50 1.25 1.07 0.95 0.91
ROA (%) 7.56 5.49 6.97 9.78 9.98
44,501
ROE (%) 14.25 9.50 11.87 16.58 17.77 40,420
GPM (%) 21.18 22.03 21.86 23.26 23.16
OPM (%) 11.04 7.35 10.94 14.00 13.98
NPM (%) 11.22 10.61 10.96 13.41 14.06 26,621 25,586
DPS (IDR) 211.13 184.00 246.00 282.00 650.00
DPR (%) 41.76 37.47 58.23 39.99 84.06 18,571
Dividend Yield (%) 3.05 3.05 4.32 4.95 11.50
Miscellaneous Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023
2019 2020 2021 2022 2023

BBCA
Bank Central Asia Tbk

BBCA Bank Central Asia Tbk

Date: 31 Jan 2024 v2.0.0

PT Bank Central Asia Tbk has a main business field of Banking services. The Established Listing Date IPO Price (IDR) IPO Lead Underwriter
company's President Director and President Commisioner are Jahja Danareksa Sekuritas
Setiaatmadja and Djohan Emir Setijoso. The largest shareholder of the company 10 Aug 1955 31 May 2000 1,400
is PT Dwimuria Investama Andalan (54.94%). The percentage of public
biggest subsidiaries is PT Bank BCA Syariah.
For more information click here: Main 1,165,503,960,225,000 184,574,573,492,656
https://www.idx.co.id/en/listed-companies/company-profiles/BBCA

Domestic 53,921.9 8,954.9
35%
45% Institution 22.74% 22.21%
Foreign 145,921.6 25,533.0 G Financials G11 Banks
65%
55% Individual 0.05% 0.05%
Year 2023 YTD 2024
Total 199,843.5 34,487.9
Fundamental & ESG
YTD 2024
24.42x 4.99x 22.67 Medium
D 1,162.17 1,902.5 3,064.7
-3,855.2 2,825.5
Buy

D 7,982.5 20,906.1 28,888.6 "Foreign Buy-Domestic Sell" minus "Foreign Sell- BBCA Sector PER Market PER
Domestic Buy".
16.26x 12.82x

2023 I - Rp42.50 04-Dec-23 05-Dec-23 20-Dec-23 2021 - 13-Oct-21 36,600 5:1 7,325 0.200
2023 F - Rp170.00 29-Mar-23 30-Mar-23 14-Apr-23 2008 - 28-Jan-08 3,600 125:625 1,800 0.500
2022 I - Rp35.00 02-Dec-22 05-Dec-22 20-Dec-22 2004 - 08-Jun-04 1,750 2:1 880 0.500
2022 F - Rp120.00 28-Mar-22 29-Mar-22 19-Apr-22 2001 - 16-May-01 1,725 2:1 870 0.500
2021 I - Rp25.00 17-Nov-21 18-Nov-21 07-Dec-21 - - - - - - -
Industry Peers
1. BBCA Bank Central Asia Tbk. 1,165,503.96 12/31/23 1,408,107,010 242,537,593 1,157,675,545 89,319,802 48,658,095
2. BBRI Bank Rakyat Indonesia 855,247.45 12/31/23 1,965,007,030 316,472,142 1,648,534,888 210,711,413 60,425,048
3. BMRI Bank Mandiri (Persero) Tbk. 614,460.00 12/31/23 2,174,219,449 287,494,962 1,660,442,815 169,888,367 60,051,870
4. BBNI Bank Negara Indonesia 212,314.95 12/31/23 1,086,663,986 154,732,520 931,931,466 79,772,810 21,106,228
1. BBCA Bank Central Asia Tbk. 24.42 4.99 3.46 4.20 0.17 0.21
2. BBRI Bank Rakyat Indonesia (Persero) 15.42 2.77 3.08 3.67 0.16 0.19
3. BMRI Bank Mandiri (Persero) Tbk. 12.52 2.31 2.76 3.62 0.13 0.17
4. BBNI Bank Negara Indonesia (Persero) 10.53 1.46 1.94 2.26 0.14 0.17


Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 BBCA*
12.68%
IHSG
5.39%
LQ45
4.03%
Sector**
Highest 8,950 8,825 9,200 9,250 9,200 9,350 9,400 9,225 9,200 9,075 9,400 9,750
Lowest 8,450 8,300 8,725 8,700 9,000 9,025 9,125 8,825 8,700 8,600 8,675 9,350
Close 8,750 8,750 9,050 9,050 9,150 9,125 9,175 8,825 8,750 8,975 9,400 9,550
Adj. Close* 8,750 8,750 9,050 9,050 9,150 9,125 9,175 8,825 8,750 8,975 9,400 9,550
Growth (%) 0.00% 3.43% 0.00% 1.10% -0.27% 0.55% -3.81% -0.85% 2.57% 4.74% 1.60%
Volume (mill.) 1,471.34 2,168.84 1,145.64 2,161.30 1,242.43 1,458.12 1,771.65 1,554.21 2,052.51 1,718.17 1,902.87 1,801.23
Value (bill.) 12,844.65 18,575.82 10,279.79 19,481.46 11,320.20 13,343.59 16,400.40 14,077.92 18,440.40 15,321.65 17,244.75 17,243.94
Frequency (th.) 276.15 357.27 193.14 333.18 194.29 270.27 262.63 315.63 377.98 313.42 323.02 282.44
Days 20 21 14 21 17 20 22 20 22 22 19 22

Lowest 25,900 22,150 7,275 7,000 8,050
Close 33,425 33,850 7,300 8,550 9,400 1. BBCA 4.7% 1.6% 12.7% 41.3% 69.5%
Adj. Close* 6,685 6,770 1,460 8,550 9,400 2. BBRI 0.9% -0.4% 24.5% 39.8% 51.8%
Growth (%) 1% -78% 486% 10% 3. BMRI 16.2% 9.9% 33.7% 102.3% 78.5%
4. BBNI 29.3% 7.0% 25.4% 106.7% 26.4%
Shares Traded 2019 2020 2021 2022 2023 5. BRIS 40.8% 33.9% 74.5% -2.1% 326.6%
Volume 3,951 6,335 8,761 27,170 20,861
Value 115,610 185,917 159,599 217,931 185,767 Note:
Index Membership

1. BISNIS-27 11. IDXHIDIV20 21. SRI-KEHATI 31.
2. COMPOSITE 12. IDXLQ45LCL 22. 32.
3. ESGQKEHATI 13. IDXQ30 23. 33.
4. ESGSKEHATI 14. INFOBANK15 24. 34.
5. I-GRADE 15. Investor33 25. 35.
6. IDX30 16. KOMPAS100 26. 36.
7. IDX80 17. LQ45 27. 37.
8. IDXESGL 18. MBX 28. 38.
9. IDXFINANCE 19. MNC36 29. 39.
10. IDXG30 20. PRIMBANK10 30. 40.


Date: 31 Jan 2024 v2.0.0

- - - - - -
Current accounts (BI & Banks) 58,426,361 39,450,814 77,386,400 108,857,491 98,232,273 Total Asset & Liabilities (Bill. Rp)
Placements (BI & Banks) 30,948,274 47,455,590 87,153,137 31,382,615 5,202,345 Asset Liabilities
1,600
Consumer Fin. Receivables 10,532,424 7,605,934 7,855,976 8,215,427 8,713,450
Loans 572,033,999 547,643,666 589,813,578 627,041,486 725,578,964 1,400
Marketable Securities 3,974,550 1,856,202 1,117,078 2,132,811 14,841,146 1,200

Fixed Asset 20,852,301 21,915,054 22,169,299 24,709,372 26,824,744
1,000
Total Assets 918,989,312 1,075,570,256 1,228,344,680 1,314,731,674 1,408,107,010
Deposits 705,697,542 844,447,006 978,623,938 1,030,451,783 1,090,766,807 800
Fund Borrowings 2,332,870 1,307,298 976,225 1,316,951 1,629,626 600

Bonds 1,347,523 590,821 482,149 - -
400
- - - - - -
- - - - - - 200
- - - - - - -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Total Liabilities 740,067,127 885,537,919 1,019,773,758 1,087,109,644 1,157,675,545
Common Stocks 1,540,938 1,540,938 1,540,938 1,540,938 1,540,938
242,538
Par Value 63 63 13 13 13
221,182
Total equity 174,143,156 184,714,709 202,848,934 221,181,655 242,537,593 184,715
174,143
Interest Income 63,837,795 65,403,161 65,626,976 72,241,191 87,397,774
Interest Expenses -13,360,347 -11,241,891 -9,491,401 -8,251,682 -12,268,952
Profit from Operation 36,288,998 33,568,507 38,841,174 50,467,033 60,179,757
EBT 36,288,998 33,568,507 38,841,174 50,467,033 60,179,757
Tax -7,719,024 -6,421,398 -7,401,015 -9,711,461 -11,521,662
- - - - - -
2019 2020 2021 2022 2023
Profit for the period 28,569,974 27,147,109 31,440,159 40,755,572 48,658,095
87,398
Net Cash - Investing -34,732,414 -44,117,844 -41,247,858 -32,382,986 -69,796,749 63,838 65,403 65,627

Net Increase/Decrease in C&CE 9,874,730 -8,692,237 70,840,231 -17,719,939 -36,751,964
- - - - - -
DAR (x) 0.81 0.82 0.83 0.83 0.82
DER (x) 4.25 4.79 5.03 4.92 4.77
EPS (IDR) 1,146.53 1,122.68 238.06 301.59 391.01 2019 2020 2021 2022 2023
PER (x) 29.15 30.15 30.66 28.35 24.04

PBV (x) 4.68 4.47 4.39 4.72 4.73
ROA (%) 3.11 2.52 2.56 3.10 3.46
ROE (%) 16.41 14.70 15.50 18.43 20.06 48,658
GPM (%) -20.93 -17.19 -14.46 -11.42 -14.04
40,756
NPM (%) 44.75 41.51 47.91 56.42 55.67 31,440
28,570
DPS (IDR) 355.00 553.00 457.00 155.00 212.50 27,147
DPR (%) 30.96 49.26 191.97 51.39 54.35

Dividend Yield (%) 1.06 1.63 6.26 1.81 2.26
Market Capitalization, billion IDR 815,853 826,226 890,909 1,043,462 1,147,198
2019 2020 2021 2022 2023

BBNI
Bank Negara Indonesia (Persero) Tbk

BBNI Bank Negara Indonesia (Persero) Tbk

Date: 31 Jan 2024 v2.0.0

PT Bank Negara Indonesia (Persero) Tbk has a main business field of Banking Established Listing Date IPO Price (IDR) IPO Lead Underwriter
and other supporting business activities. The company's President Director and Bahana Securities
President Commisioner are Royke Tumilaar and Pradjoto. The largest 05 Jul 1946 25 Nov 1996 850
shareholder of the company is Republic of Indonesia (60.00%). The percentage
of public shareholding (<5%) is 40.00%. The company has 6 subsidiaries. One of Stock Overview
the biggest subsidiaries is PT. BNI Life Insurance.
https://www.idx.co.id/en/listed-companies/company-profiles/BBNI

Domestic 31,802.2 4,491.6
50% 42%
50% 58% Individual 0.09% 0.12%
Year 2023 YTD 2024
Total 75,269.7 12,688.6
Fundamental & ESG
YTD 2024
10.53x 1.46x 21.39 Medium
D 841.20 1,304.5 2,145.7
3,749.0 200.1
Buy

D 7,169.8 6,856.8 14,026.6 "Foreign Buy-Domestic Sell" minus "Foreign Sell- BBNI Sector PER Market PER
Domestic Buy".
16.26x 12.82x

2023 F - Rp392.78 28-Mar-23 29-Mar-23 14-Apr-23 2023 - 06-Oct-23 10,375 1:2 5,200 0.501
2022 F - Rp146.30 24-Mar-22 25-Mar-22 14-Apr-22 2010 - 03-Dec-10 4,125 500000:110473 3,950 0.955
2021 F - Rp44.02 08-Apr-21 09-Apr-21 30-Apr-21 2007 - 07-Aug-07 2,275 20:3 2,250 0.986
2020 F - Rp206.24 02-Mar-20 03-Mar-20 24-Mar-20 2003 RS 23-Dec-03 90 1:15 1,350 15.000
2019 F - Rp201.29 22-May-19 23-May-19 14-Jun-19 1999 - 05-Jul-99 400 1:35 350 0.873
Industry Peers


Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 BBNI*
25.38%
IHSG
5.39%
LQ45
4.03%
Sector**
Highest 9,550 9,625 9,575 9,550 9,300 9,225 9,200 10,325 10,425 5,275 5,375 5,750
Lowest 8,775 8,750 9,325 8,750 8,975 8,875 8,675 9,175 4,790 4,820 5,075 5,350
Close 8,775 9,350 9,425 9,050 9,150 8,875 9,175 10,325 4,790 5,275 5,375 5,750
Adj. Close* 8,775 9,350 9,425 9,050 9,150 8,875 9,175 10,325 9,557 10,525 10,724 11,472
Growth (%) 6.55% 0.80% -3.98% 1.10% -3.01% 3.38% 12.53% -7.44% 10.13% 1.90% 6.98%
Volume (mill.) 539.24 848.39 347.85 739.82 401.45 604.53 617.86 834.83 1,241.57 1,316.10 877.06 1,141.02
Value (bill.) 4,936.05 7,727.32 3,273.06 6,647.92 3,648.90 5,432.17 5,584.55 8,064.49 7,122.28 6,640.35 4,605.20 6,344.30
Frequency (th.) 125.01 161.62 76.03 186.38 120.16 150.27 167.91 163.47 205.69 163.22 132.70 156.58
Days 20 21 14 21 17 20 22 20 22 22 19 22

Lowest 6,675 3,160 4,580 6,725 4,790
Close 7,850 6,175 6,750 9,225 5,375 1. BBNI 29.3% 7.0% 25.4% 106.7% 26.4%
Adj. Close* 3,934 3,095 3,383 4,624 2,694 2. BBRI 0.9% -0.4% 24.5% 39.8% 51.8%
Growth (%) -21% 9% 37% -42% 3. BMRI 16.2% 9.9% 33.7% 102.3% 78.5%
4. BRIS 40.8% 33.9% 74.5% -2.1% 326.6%
Shares Traded 2019 2020 2021 2022 2023 5. MEGA -0.9% 3.9% -7.0% -0.7% 85.0%
Volume 6,052 14,289 8,208 8,621 8,993
Value 50,586 70,907 49,093 72,435 69,300 Note:
Index Membership

1. BISNIS-27 11. IDXG30 21. SMinfra18 31.
2. COMPOSITE 12. IDXHIDIV20 22. SRI-KEHATI 32.
3. ESGQKEHATI 13. IDXLQ45LCL 23. 33.
4. ESGSKEHATI 14. INFOBANK15 24. 34.
5. I-GRADE 15. Investor33 25. 35.
6. IDX30 16. KOMPAS100 26. 36.
7. IDX80 17. LQ45 27. 37.
8. IDXBUMN20 18. MBX 28. 38.
9. IDXESGL 19. MNC36 29. 39.
10. IDXFINANCE 20. PRIMBANK10 30. 40.


Date: 31 Jan 2024 v2.0.0

- - - - - -
1,200
- - - - - -
Loans 539,862,076 541,978,801 532,141,344 595,854,325 647,926,638
1,000
Marketable Securities 27,161,751 29,686,597 25,802,962 28,556,083 37,164,739
Fixed Asset 26,524,759 27,362,400 26,882,982 26,548,893 27,764,856 800
Total Assets 845,605,208 891,337,425 964,837,692 1,029,836,868 1,086,663,986
Deposits 594,124,901 656,594,775 743,545,620 769,268,991 810,730,343 600
Fund Borrowings 57,235,500 44,114,314 32,457,936 35,654,206 30,949,608

Bonds 2,985,052 2,985,011 2,986,530 - - 400
- - - - - -
200
- - - - - -
- - - - - - -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 9,054,807 9,054,807 9,054,807 9,054,807 9,054,807
Par Value A 7,500; B 7,500;A C7,500;
360 B 7,500;A C7,500;
359 B 7,500;A C7,500;
358 B 7,500; A 3,750;
C 357B 3,750; C 187,5 140,198
Retained earnings 82,463,505 66,980,701 78,250,204 94,059,740 107,235,514 125,004 126,520
112,872
Total equity 125,003,948 112,872,199 126,519,977 140,197,662 154,732,520
Interest Income 54,495,996 56,172,871 50,025,887 54,658,681 61,471,696
EBT 19,369,106 5,112,153 12,550,987 22,686,708 25,639,738
Tax -3,860,523 -1,790,711 -1,573,936 -4,204,928 -4,533,510
- - - - - -
2019 2020 2021 2022 2023
61,472
Cash Flow Statements Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 56,173
54,496 54,659
Net Cash - Operating -12,611,042 74,253,924 97,479,025 19,952,835 10,392,864 50,026
Net Cash - Investing 13,483,654 -11,992,116 -15,656,307 -32,233,154 -10,771,257
Net Cash - Financing -18,491,108 -17,139,169 1,718,701 2,725,242 -8,492,493
Net Increase/Decrease in C&CE -17,618,496 45,122,639 83,541,419 -9,555,077 -8,870,886
- - - - - -
DAR (x) 0.81 0.84 0.87 0.86 0.86
DER (x) 5.51 6.61 6.63 6.35 6.02
EPS (IDR) 833.84 414.56 206.49 903.25 546.24 2019 2020 2021 2022 2023
PER (x) 9.41 14.90 32.69 10.21 9.84

PBV (x) 1.16 1.01 0.98 1.21 1.28
ROA (%) 1.83 0.37 1.14 1.79 1.94
ROE (%) 12.41 2.94 8.68 13.18 13.64 21,106
GPM (%) -38.42 -33.86 -23.55 -24.40 -32.85 18,482

OPM (%) n.a. n.a. n.a. n.a. n.a. 15,509
NPM (%) 28.46 5.91 21.94 33.81 34.33
DPS (IDR) 201.29 206.24 44.02 146.30 392.78 10,977
DPR (%) 24.14 49.75 21.32 16.20 71.91
Dividend Yield (%) 2.56 3.34 0.65 1.59 7.31
3,321
2019 2020 2021 2022 2023

BBRI
Bank Rakyat Indonesia (Persero) Tbk

BBRI Bank Rakyat Indonesia (Persero) Tbk

Date: 31 Jan 2024 v2.0.0

PT Bank Rakyat Indonesia (Persero) Tbk has a main business field of Banking Established Listing Date IPO Price (IDR) IPO Lead Underwriter
services. The company's President Director and President Commisioner are Bahana Securities
Sunarso and Kartika Wirjoatmodjo. The largest shareholder of the company is 16 Dec 1895 10 Nov 2003 875
Republic of Indonesia (53.19%). The percentage of public shareholding (<5%) is
46.81%. The company has 10 subsidiaries. One of the biggest subsidiaries is PT Stock Overview
Pegadaian.
https://www.idx.co.id/en/listed-companies/company-profiles/BBRI

Domestic 72,905.5 12,376.4
42% 46% Institution 22.75% 18.46%
58% 54% Individual 0.04% 0.03%
Year 2023 YTD 2024
Total 190,280.4 34,279.7
Fundamental & ESG
YTD 2024
15.42x 2.77x 18.84 Low
D 2,273.79 3,477.3 5,751.1
-4,082.0 874.2
Buy

D 15,126.8 23,367.0 38,493.8 "Foreign Buy-Domestic Sell" minus "Foreign Sell- BBRI Sector PER Market PER
Domestic Buy".
16.26x 12.82x

2024 I - Rp84.00 02-Jan-24 03-Jan-24 18-Jan-24 2021 - 08-Sep-21 3,910 1000000000:230128553 3,810 0.976
2023 F - Rp231.22 24-Mar-23 27-Mar-23 12-Apr-23 2017 - 10-Nov-17 16,450 5:1 3,290 0.200
2023 I - Rp57.00 10-Jan-23 11-Jan-23 27-Jan-23 2011 - 11-Jan-11 9,300 2:1 4,650 0.500
2022 F - Rp174.23 11-Mar-22 14-Mar-22 01-Apr-22 - - - - - - -
2021 F - Rp98.91 06-Apr-21 07-Apr-21 28-Apr-21 - - - - - - -
Industry Peers


Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 BBRI*
24.45%
IHSG
5.39%
LQ45
4.03%
Sector**
Highest 4,880 4,900 5,150 5,600 5,575 5,700 5,700 5,625 5,300 5,400 5,725 5,850
Lowest 4,600 4,700 4,800 5,100 5,400 5,375 5,500 5,200 4,920 4,830 5,300 5,425
Close 4,670 4,730 5,100 5,575 5,425 5,650 5,550 5,225 4,960 5,275 5,725 5,700
Adj. Close* 4,670 4,730 5,100 5,575 5,425 5,650 5,550 5,225 4,960 5,275 5,725 5,700
Growth (%) 1.28% 7.82% 9.31% -2.69% 4.15% -1.77% -5.86% -5.07% 6.35% 8.53% -0.44%
Volume (mill.) 2,947.18 2,984.01 2,258.07 3,580.69 2,356.75 2,571.20 2,578.14 2,499.60 3,244.04 3,116.10 2,910.56 3,016.32
Value (bill.) 14,057.02 14,286.99 11,240.58 19,166.13 12,885.52 14,247.84 14,452.10 13,456.40 16,656.42 16,219.12 16,034.81 17,139.87
Frequency (th.) 312.72 323.49 239.96 328.57 245.47 280.85 297.38 329.01 414.51 320.50 274.14 333.90
Days 20 21 14 21 17 20 22 20 22 22 19 22

Lowest 3,610 2,170 3,570 4,040 4,380
Close 4,400 4,170 4,110 4,940 5,725 1. BBRI 0.9% -0.4% 24.5% 39.8% 51.8%
Adj. Close* 4,293 4,068 4,010 4,940 5,725 2. BBCA 4.7% 1.6% 12.7% 41.3% 69.5%
Growth (%) -5% -1% 23% 16% 3. BMRI 16.2% 9.9% 33.7% 102.3% 78.5%
4. BBNI 29.3% 7.0% 25.4% 106.7% 26.4%
Volume 31,731 54,731 43,188 44,845 35,047
Value 130,015 183,510 179,658 201,846 181,024 Note:
Index Membership

1. BISNIS-27 11. IDXG30 21. PRIMBANK10 31.
2. COMPOSITE 12. IDXHIDIV20 22. SMinfra18 32.
3. ESGQKEHATI 13. IDXLQ45LCL 23. SRI-KEHATI 33.
4. ESGSKEHATI 14. IDXQ30 24. 34.
5. I-GRADE 15. INFOBANK15 25. 35.
6. IDX30 16. Investor33 26. 36.
7. IDX80 17. KOMPAS100 27. 37.
8. IDXBUMN20 18. LQ45 28. 38.
9. IDXESGL 19. MBX 29. 39.


Date: 31 Jan 2024 v2.0.0

- - - - - -
2,500
- - - - - -
Loans 852,661,815 857,280,074 909,582,789 990,950,989 1,117,828,495
Fixed Asset 31,432,629 32,185,160 47,970,187 55,216,047 59,678,119

Total Assets 1,416,758,840 1,511,804,628 1,678,097,734 1,865,639,010 1,965,007,030 1,500
Deposits 1,014,347,654 1,111,341,169 1,152,072,649 1,307,884,013 1,358,328,761

Fund Borrowings 30,921,771 35,968,985 68,458,547 79,371,200 98,850,813 1,000
Bonds 38,622,326 34,489,091 55,306,697 63,611,761 49,637,581
- - - - - - 500
- - - - - -
- - - - - - -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Total Liabilities 1,183,155,672 1,278,346,276 1,386,310,930 1,562,243,693 1,648,534,888
Common Stocks 6,167,291 6,167,291 7,577,950 7,577,950 7,577,950
316,472
291,787
Par Value 50 50 50 50 50
Total equity 208,784,334 199,911,376 291,786,804 303,395,317 316,472,142 208,784
199,911
Interest Income 121,756,276 116,932,512 143,523,329 151,874,816 178,995,994
EBT 43,364,053 26,724,846 38,591,374 64,596,701 76,429,712
Tax -8,950,228 -8,064,453 -7,835,608 -13,188,494 -16,004,664
- - - - - -
2019 2020 2021 2022 2023
178,996
151,875
Net Cash - Operating 44,583,079 66,689,187 32,588,374 97,506,005 -4,971,454 143,523
Net Cash - Investing -5,188,442 -116,007,831 -73,095,605 27,227,960 -4,989,092 121,756
116,933
Net Cash - Financing -18,085,105 -19,981,772 22,643,854 -10,436,111 -39,551,225
Net Increase/Decrease in C&CE 21,309,532 -69,300,416 -17,863,377 114,297,854 -49,511,771
- - - - - -
DAR (x) 0.84 0.85 0.83 0.84 0.84
DER (x) 5.67 6.39 4.75 5.15 5.21
EPS (IDR) 272.93 192.21 138.22 336.28 369.54 2019 2020 2021 2022 2023
PER (x) 16.12 21.70 29.73 14.69 15.49

PBV (x) 2.57 2.55 2.11 2.44 2.71
ROA (%) 2.43 1.23 1.83 2.76 3.08
ROE (%) 16.48 9.33 10.54 16.94 19.09 60,425
GPM (%) -32.89 -32.26 -20.50 -17.96 -24.48 51,408

NPM (%) 28.26 15.96 21.43 33.85 33.76
34,414
DPS (IDR) 132.17 168.20 98.91 174.23 288.22 30,756
DPR (%) 48.43 87.51 71.55 51.81 78.00
Dividend Yield (%) 3.00 4.03 2.41 3.53 5.03 18,660
2019 2020 2021 2022 2023

BBTN
Bank Tabungan Negara (Persero) Tbk

BBTN Bank Tabungan Negara (Persero) Tbk

Date: 31 Jan 2024 v2.0.0

PT Bank Tabungan Negara (Persero) Tbk has a main business field of Engaged Established Listing Date IPO Price (IDR) IPO Lead Underwriter
in banking business. The company's President Director and President Mandiri Sekuritas
Commisioner are Nixon L.P. Napitupulu and Chandra M. Hamzah. The largest 30 Nov 1934 17 Dec 2009 800
shareholder of the company is Republic of Indonesia (60.00%). The percentage
of public shareholding (<5%) is 40.00%. Stock Overview
https://www.idx.co.id/en/listed-companies/company-profiles/BBTN

Domestic 5,453.9 1,614.9
Foreign 999.4 299.2 G Financials G11 Banks
Year 2023 YTD 2024
Total 6,453.4 1,914.2
Fundamental & ESG
YTD 2024
5.94x 0.63x 22.87 Medium
D 674.48 81.8 756.3
-37.5 102.4
Buy

D 2,314.8 430.9 2,745.7 "Foreign Buy-Domestic Sell" minus "Foreign Sell- BBTN Sector PER Market PER
Domestic Buy".
F 393.4 87.6 480.9 A positive net foreign indicates a net buy by
16.26x 12.82x
Total 2,708.2 518.5 3,226.7 foreign investors.

2023 F - Rp43.39 29-Mar-23 30-Mar-23 14-Apr-23 2022 - 23-Dec-22 1,405 100000000:32525443 1,355 0.964
2022 F - Rp22.44 14-Mar-22 15-Mar-22 31-Mar-22 2012 - 14-Nov-12 1,680 555000:94943 1,610 0.961
2020 F - Rp1.98 23-Mar-20 24-Mar-20 15-Apr-20 - - - - - - -
2019 F - Rp53.03 28-May-19 29-May-19 12-Jun-19 - - - - - - -
2018 F - Rp57.18 03-Apr-18 05-Apr-18 24-Apr-18 - - - - - - -
Industry Peers
1. BBTN Bank Tabungan Negara 18,131.80 12/31/23 438,749,736 30,479,152 381,164,489 26,908,336 3,500,988
2. BTPN Bank BTPN Tbk. 20,971.74 12/31/23 201,448,392 41,283,104 150,244,468 19,519,737 2,682,484
3. BNII Bank Maybank Indonesia 18,236.50 09/30/23 170,051,640 30,037,555 140,014,085 9,025,852 1,290,792
4. BSIM Bank Sinarmas Tbk. 17,370.95 09/30/23 47,699,406 7,535,341 34,234,056 2,756,084 219,791
5. BANK Bank Aladin Syariah Tbk. 15,352.96 09/30/23 6,061,106 3,079,476 151,134 177,303 -145,736
1. BBTN Bank Tabungan Negara (Persero) 5.94 0.63 0.80 0.92 0.07 0.08
2. BTPN Bank BTPN Tbk. 7.64 0.52 1.33 1.79 0.20 0.27
3. BNII Bank Maybank Indonesia Tbk. 11.14 0.61 0.76 0.92 0.18 0.21
4. BSIM Bank Sinarmas Tbk. 68.01 2.33 0.46 0.64 0.16 0.22
5. BANK Bank Aladin Syariah Tbk. -58.69 5.04 -2.40 -96.43 0.51 20.38


Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 BBTN*
-4.04%
IHSG
5.39%
LQ45
4.03%
Sector**
Highest 1,385 1,325 1,270 1,335 1,340 1,370 1,310 1,255 1,260 1,295 1,290 1,375
Lowest 1,325 1,175 1,215 1,215 1,260 1,300 1,255 1,220 1,190 1,195 1,195 1,255
Close 1,325 1,225 1,245 1,280 1,320 1,315 1,255 1,220 1,225 1,295 1,250 1,305
Adj. Close* 1,325 1,225 1,245 1,280 1,320 1,315 1,255 1,220 1,225 1,295 1,250 1,305
Growth (%) -7.55% 1.63% 2.81% 3.13% -0.38% -4.56% -2.79% 0.41% 5.71% -3.47% 4.40%
Volume (mill.) 556.70 520.12 273.86 746.26 490.91 710.26 314.69 227.21 265.11 291.22 260.54 723.51
Value (bill.) 760.10 651.68 343.27 953.32 638.58 945.39 405.07 281.24 325.97 366.05 321.43 957.08
Frequency (th.) 73.70 99.34 38.59 88.92 60.52 88.66 57.05 44.83 44.64 38.74 42.09 82.53
Days 20 21 14 21 17 20 22 20 22 22 19 22

Lowest 1,795 745 1,230 1,345 1,175
Close 2,120 1,725 1,730 1,350 1,250 1. BBTN -0.8% 4.4% -4.0% -13.8% -50.6%
Adj. Close* 2,044 1,663 1,668 1,302 1,250 2. BTPN -4.8% -0.8% 7.0% -1.1% -31.4%
Growth (%) -19% 0% -22% -4% 3. BNII -16.0% 0.0% 3.4% -19.3% -1.6%
4. BSIM 1.7% 0.0% 4.7% 71.2% 63.3%
Shares Traded 2019 2020 2021 2022 2023 5. BANK -17.3% -15.3% -20.8% n.a. n.a.
Volume 6,432 17,352 11,025 5,489 5,823
Value 15,047 22,078 18,585 8,918 7,519 Note:
Frequency 884 1,587 1,513 848 786 Base date: 6M = Jul 31, 2023; YTD = Dec 29, 2023; 1Y = Jan 31, 2023; 3Y = Jan 29, 2021; 5Y = Jan 31, 2019;
Index Membership

1. COMPOSITE 11. IDXV30 21. 31.
2. ESGQKEHATI 12. INFOBANK15 22. 32.
4. IDX80 14. KOMPAS100 24. 34.
5. IDXBUMN20 15. LQ45 25. 35.
6. IDXFINANCE 16. MBX 26. 36.
7. IDXG30 17. PRIMBANK10 27. 37.
8. IDXLQ45LCL 18. SRI-KEHATI 28. 38.
9. IDXSMC-COM 19. 29. 39.
10. IDXSMC-LIQ 20. 30. 40.


Date: 31 Jan 2024 v2.0.0

- - - - - -
500
- - - - - -
450
Loans 246,202,402 242,744,721 256,405,288 278,848,094 313,070,642
Marketable Securities 8,084,671 3,203,966 2,230,905 1,720,769 5,282,970 400
Fixed Asset 5,400,658 5,818,445 5,736,791 6,353,803 8,117,812 350
Total Assets 311,776,828 361,208,406 371,868,311 402,148,312 438,749,736 300
Deposits 211,414,930 259,179,694 273,255,063 297,099,801 322,501,148 250
Fund Borrowings 22,465,657 23,807,138 22,062,291 24,821,005 33,762,089 200

Bonds 19,783,552 15,810,466 12,371,708 8,652,260 8,272,098 150
- - - - - - 100
- - - - - - 50
- - - - - - -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 5,295,000 5,295,000 5,295,000 5,295,000 7,017,222
Par Value 500 500 500 500 500
25,909
Total equity 23,836,195 19,987,845 21,406,647 25,909,354 30,479,152 19,988
21,407
Interest Income 23,271,432 22,947,252 23,413,857 23,233,200 24,722,529
Profit from Operation 521,773 2,330,285 3,036,832 3,814,803 4,539,729
EBT 411,062 2,270,857 2,993,320 3,875,690 4,380,210
Tax -201,799 -668,499 -617,093 -830,617 -879,222
- - - - - -
2019 2020 2021 2022 2023
Profit for the period 209,263 1,602,358 2,376,227 3,045,073 3,500,988
Comprehensive Attributable 557,332 2,352,711 1,418,802 1,983,756 3,848,720
24,723
Net Cash - Operating -14,828,361 26,532,815 9,551,932 1,265,073 6,634,353
Net Cash - Investing -7,077,106 -23,726,876 3,834,455 -2,399,534 -4,439,215
Net Cash - Financing 8,440,369 581,708 -6,794,035 1,431,240 9,315,946
Net Increase/Decrease in C&CE -13,465,098 3,387,647 6,592,352 296,779 11,511,084 23,414
23,271 23,233
- - - - - -
22,947
DAR (x) 0.86 0.89 0.88 0.87 0.87
DER (x) 11.30 16.08 15.31 13.56 12.51
EPS (IDR) 209.02 49.82 165.71 244.44 219.67 2019 2020 2021 2022 2023
PER (x) 10.14 34.62 10.44 5.52 5.69

PBV (x) 0.93 0.90 0.85 0.66 0.57
ROA (%) 0.07 0.44 0.64 0.76 0.80
3,501
ROE (%) 0.88 8.02 11.10 11.75 11.49
GPM (%) -65.92 -64.74 -50.74 -43.45 -54.52 3,045

2,376
NPM (%) 0.90 6.98 10.15 13.11 14.16
DPS (IDR) 53.03 1.98 0.00 22.44 43.39
1,602
DPR (%) 25.37 3.97 0.00 9.18 19.75
Dividend Yield (%) 2.50 0.11 0.00 1.66 3.47
209
2019 2020 2021 2022 2023

BMRI
Bank Mandiri (Persero) Tbk

BMRI Bank Mandiri (Persero) Tbk

Date: 31 Jan 2024 v2.0.0

PT Bank Mandiri (Persero) Tbk has a main business field of Financial Services - Established Listing Date IPO Price (IDR) IPO Lead Underwriter
Banking. The company's President Director and President Commisioner are Danareksa Sekuritas
Darmawan Junaidi and Muhamad Chatib Basri. The largest shareholder of the 02 Oct 1998 14 Jul 2003 675
company is Republic of Indonesia (52.00%). The percentage of public
biggest subsidiaries is PT Bank Syariah Indonesia (BSI).
https://www.idx.co.id/en/listed-companies/company-profiles/BMRI

Domestic 42,901.8 8,934.6
41% 37%
59% 63%
Year 2023 YTD 2024
Total 133,102.2 32,304.8
Fundamental & ESG
YTD 2024
12.52x 2.31x 28.18 Medium
D 1,283.68 1,983.8 3,267.5
83.6 2,399.7
Buy

D 7,927.5 13,481.6 21,409.1 "Foreign Buy-Domestic Sell" minus "Foreign Sell- BMRI Sector PER Market PER
Domestic Buy".
16.26x 12.82x

2023 F - Rp529.34 27-Mar-23 28-Mar-23 12-Apr-23 2023 - 04-Apr-23 10,525 2:1 5,250 0.500
2022 SD - Rp360.64 21-Mar-22 22-Mar-22 06-Apr-22 2017 - 13-Sep-17 13,200 2:1 6,600 0.500
2021 F - Rp220.27 24-Mar-21 25-Mar-21 12-Apr-21 2011 - 07-Feb-11 6,000 8985:1000 5,900 0.983
2020 F - Rp353.34 28-Feb-20 02-Mar-20 20-Mar-20 - - - - - - -
2019 F - Rp241.22 27-May-19 28-May-19 19-Jun-19 - - - - - - -
Industry Peers


Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 BMRI*
33.67%
IHSG
5.39%
LQ45
4.03%
Sector**
Highest 10,375 10,900 10,525 5,250 5,200 5,725 6,025 6,100 6,125 5,925 6,125 6,650
Lowest 9,700 9,850 5,100 4,990 5,025 5,150 5,650 5,825 5,675 5,650 5,700 6,100
Close 10,000 10,325 5,175 5,050 5,200 5,725 6,025 6,025 5,675 5,850 6,050 6,650
Adj. Close* 10,000 10,325 10,350 10,100 10,400 11,450 12,050 12,050 11,350 11,700 12,100 13,300
Growth (%) 3.25% 0.24% -2.42% 2.97% 10.10% 5.24% 0.00% -5.81% 3.08% 3.42% 9.92%
Volume (mill.) 1,044.09 1,285.78 1,414.18 1,989.24 1,907.09 2,513.04 2,324.16 1,741.98 1,839.65 1,321.79 2,003.18 2,501.16
Value (bill.) 10,517.32 13,174.86 7,581.77 10,183.38 9,694.47 13,606.78 13,591.82 10,382.29 10,810.45 7,740.46 11,812.91 16,152.40
Frequency (th.) 177.27 203.46 192.38 255.78 189.95 205.63 199.13 183.59 223.31 156.85 184.56 217.07
Days 20 21 14 21 17 20 22 20 22 22 19 22

Lowest 6,350 3,720 5,650 7,025 4,990
Close 7,675 6,325 7,025 9,925 6,050 1. BMRI 16.2% 9.9% 33.7% 102.3% 78.5%
Adj. Close* 3,838 3,163 3,513 4,963 3,025 2. BBCA 4.7% 1.6% 12.7% 41.3% 69.5%
Growth (%) -18% 11% 41% -39% 3. BBRI 0.9% -0.4% 24.5% 39.8% 51.8%
4. BBNI 29.3% 7.0% 25.4% 106.7% 26.4%
Volume 13,287 17,919 13,128 16,998 20,662
Value 98,013 101,337 85,083 145,037 131,310 Note:
Index Membership

1. BISNIS-27 11. IDXG30 21. PRIMBANK10 31.
2. COMPOSITE 12. IDXHIDIV20 22. SMinfra18 32.
3. ESGQKEHATI 13. IDXLQ45LCL 23. SRI-KEHATI 33.
4. ESGSKEHATI 14. IDXQ30 24. 34.
5. I-GRADE 15. INFOBANK15 25. 35.
6. IDX30 16. Investor33 26. 36.
7. IDX80 17. KOMPAS100 27. 37.
8. IDXBUMN20 18. LQ45 28. 38.
9. IDXESGL 19. MBX 29. 39.


Date: 31 Jan 2024 v2.0.0

- - - - - -
2,500
Consumer Fin. Receivables 18,211,088 18,649,899 18,633,307 23,147,366 32,036,752
Loans 855,846,844 807,874,363 957,636,147 1,043,374,592 1,253,634,957
Fixed Asset 44,612,199 46,728,153 49,144,792 56,540,566 57,977,707

Total Assets 1,318,246,335 1,429,334,484 1,725,611,128 1,992,544,687 2,174,219,449 1,500
Deposits 863,506,211 970,263,458 1,128,079,105 1,295,575,929 1,351,448,149

Fund Borrowings 54,128,562 52,810,689 51,398,940 62,840,118 95,445,459 1,000
Bonds 31,804,853 37,671,386 43,698,839 45,774,139 50,517,764
Sukuk 375,000 375,000 1,375,000 - - 500
- - - - - -
- - - - - - -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Total Liabilities 1,025,749,580 1,151,267,847 1,326,592,237 1,544,096,631 1,660,442,815
Common Stocks 11,666,667 11,666,667 11,666,667 11,666,667 11,666,667
287,495
Par Value 250 250 250 250 125
252,245
222,111
Total equity 209,034,525 193,796,083 222,111,282 252,245,455 287,494,962 209,035
193,796
Interest Income 91,525,090 87,321,117 97,749,086 112,382,118 132,544,470
EBT 36,441,440 23,298,041 38,358,421 56,377,726 74,684,881
Tax -7,985,848 -5,652,417 -7,807,324 -11,425,358 -14,633,011
- - - - - -
2019 2020 2021 2022 2023
Comprehensive Attributable 34,655,095 20,466,256 25,638,536 41,604,619 55,916,730 132,544
Net Cash - Operating 11,637,669 99,467,685 133,967,177 119,368,846 -69,622,480 97,749
Net Cash - Investing -16,251,888 -33,313,371 -132,477,052 -42,640,674 16,010,540 91,525
87,321
Net Cash - Financing 5,458,205 -13,875,211 -7,510,143 -5,313,478 23,470,655
Net Increase/Decrease in C&CE 843,986 52,279,103 -6,020,018 71,414,694 -30,141,285
- - - - - -
DAR (x) 0.78 0.81 0.77 0.77 0.76
DER (x) 4.91 5.94 5.97 6.12 5.78
EPS (IDR) 582.28 455.57 407.31 845.40 531.23 2019 2020 2021 2022 2023
PER (x) 13.18 13.88 16.96 11.74 11.39

PBV (x) 1.70 1.51 1.46 1.82 1.94
ROA (%) 2.16 1.23 1.77 2.26 2.76
ROE (%) 13.61 9.11 13.75 17.82 20.89 60,052
GPM (%) -35.06 -35.29 -25.26 -21.78 -27.66

OPM (%) n.a. n.a. n.a. n.a. n.a. 44,952
NPM (%) 31.09 20.21 31.25 40.00 45.31
DPS (IDR) 241.22 353.34 220.27 360.64 529.34 30,551
28,456
DPR (%) 41.43 77.56 54.08 42.66 99.64
Dividend Yield (%) 3.14 5.59 3.14 3.63 8.75 17,646
2019 2020 2021 2022 2023

BRIS
Bank Syariah Indonesia Tbk

BRIS Bank Syariah Indonesia Tbk

Date: 31 Jan 2024 v2.0.0

PT Bank Syariah Indonesia Tbk has a main business field of Syariah banking. Established Listing Date IPO Price (IDR) IPO Lead Underwriter
The company's President Director and President Commisioner are Hery Gunardi Bahana Sekuritas
and Muliaman D. Hadad. The largest shareholder of the company is PT Bank 03 Apr 1969 09 May 2018 510
Mandiri (Persero) Tbk (50.83%). The percentage of public shareholding (<5%) is
7.07%. Stock Overview
https://www.idx.co.id/en/listed-companies/company-profiles/BRIS

Domestic 7,492.6 3,883.9
Year 2023 YTD 2024
Total 9,146.8 5,216.0
Fundamental & ESG
YTD 2024
20.45x 2.89x 27.28 Medium
D 1,428.26 266.6 1,694.8
278.4 494.2
Buy

D 3,077.8 529.3 3,607.1 "Foreign Buy-Domestic Sell" minus "Foreign Sell- BRIS Sector PER Market PER
Domestic Buy".
16.26x 12.82x

2023 F - Rp9.24 31-May-23 05-Jun-23 23-Jun-23 2022 - 14-Dec-22 1,295 90000:10941 1,265 0.975
2022 F - Rp18.41 08-Jun-22 09-Jun-22 30-Jun-22 - - - - - - -
2019 F - Rp1.10 09-May-19 10-May-19 28-May-19 - - - - - - -
- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
Industry Peers
5. ARTO Bank Jago Tbk. 44,033.78 09/30/23 19,126,581 8,334,013 10,535,109 1,436,637 50,294
5. ARTO Bank Jago Tbk. 1735.14 5.34 0.26 0.48 0.44 0.79


Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 BRIS*
74.53%
IHSG
5.39%
LQ45
4.03%
Sector**
Highest 1,715 1,700 1,810 1,810 1,735 1,790 1,725 1,715 1,615 1,660 1,755 2,330
Lowest 1,315 1,515 1,670 1,600 1,640 1,650 1,600 1,605 1,490 1,460 1,640 1,740
Close 1,520 1,680 1,730 1,730 1,690 1,655 1,710 1,625 1,500 1,655 1,740 2,330
Adj. Close* 1,520 1,680 1,730 1,730 1,690 1,655 1,710 1,625 1,500 1,655 1,740 2,330
Growth (%) 10.53% 2.98% 0.00% -2.31% -2.07% 3.32% -4.97% -7.69% 10.33% 5.14% 33.91%
Volume (mill.) 1,705.38 797.50 591.36 972.34 320.52 541.97 435.26 517.46 347.32 447.43 438.74 1,298.40
Value (bill.) 2,678.45 1,278.84 1,032.73 1,658.22 538.92 929.43 729.75 858.16 535.34 714.71 749.04 2,608.00
Frequency (th.) 280.26 159.55 129.81 200.62 89.24 124.61 105.38 105.18 93.23 98.32 100.74 256.66
Days 20 21 14 21 17 20 22 20 22 22 19 22

Highest 585 2,410 3,770 1,795 1,810 No. Code 6M YTD 1Y 3Y 5Y
Lowest 306 135 1,725 1,100 1,285
Close 330 2,250 1,780 1,290 1,740 1. BRIS 40.8% 33.9% 74.5% -2.1% 326.6%
Adj. Close* 322 2,194 1,736 1,258 1,740 2. BMRI 16.2% 9.9% 33.7% 102.3% 78.5%
Growth (%) 582% -21% -28% 38% 3. BBNI 29.3% 7.0% 25.4% 106.7% 26.4%
4. MEGA -0.9% 3.9% -7.0% -0.7% 85.0%
Shares Traded 2019 2020 2021 2022 2023 5. ARTO 10.3% 10.7% 0.0% -42.2% 15304.3%
Volume 1,715 33,817 19,414 5,476 7,834
Value 841 32,599 50,086 7,682 12,690 Note:
Frequency 206 3,262 5,095 1,447 1,633 Base date: 6M = Jul 31, 2023; YTD = Dec 29, 2023; 1Y = Jan 31, 2023; 3Y = Jan 29, 2021; 5Y = Jan 31, 2019;
Index Membership

1. COMPOSITE 11. KOMPAS100 21. 31.
2. IDX80 12. LQ45 22. 32.
3. IDXBUMN20 13. MBX 23. 33.
5. IDXLQ45LCL 15. PRIMBANK10 25. 35.
6. IDXMESBUMN 16. 26. 36.
7. INFOBANK15 17. 27. 37.
8. ISSI 18. 28. 38.
9. JII 19. 29. 39.
10. JII70 20. 30. 40.


Date: 31 Jan 2024 v2.0.0

- - - - - -
Placements (BI & Banks) 3,273,000 500,000 9,083,837 13,289,238 15,604,885 Asset Liabilities
400
- - - - - -
Loans 13,612,775 23,009,103 107,418,383 129,568,992 137,670,037 350
Marketable Securities 10,268,270 13,012,006 67,372,970 57,682,306 70,970,171 300

Fixed Asset 224,050 431,133 4,055,953 5,014,409 50,382,826
250
Total Assets 43,123,488 57,715,586 265,289,081 305,727,438 353,624,124
Deposits 8,997,585 16,281,006 57,363,828 66,012,257 67,873,898 200
Fund Borrowings - - - 778,375 776,250 150

- - - - - -
100
Sukuk 1,000,000 1,000,000 1,375,000 1,375,000 203,608
- - - - - - 50
- - - - - - -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 4,858,057 4,950,254 20,564,654 23,064,630 23,064,630
Par Value 500 500 500 500 500
33,506
Retained earnings 222,964 471,018 10,208,992 13,712,123 18,911,445
Total equity 5,088,036 5,444,288 25,013,934 33,505,610 38,739,121
25,014
Revenue as mudharib 3,374,863 4,347,121 17,808,432 19,622,865 22,251,743
Third parties share on return -1,320,886 -1,458,915 -4,378,807 -4,032,169 -5,993,168
Profit from Operation 118,378 433,258 4,006,165 5,506,269 7,401,628
EBT 116,865 405,231 3,960,524 5,514,803 7,399,472 5,088 5,444
Tax -42,849 -157,177 -932,319 -1,254,621 -1,695,729

- - - - - -
2019 2020 2021 2022 2023
Profit for the period 74,016 248,054 3,028,205 4,260,182 5,703,743
Comprehensive Attributable 67,870 255,242 3,217,796 4,311,075 5,737,932
22,252
19,623
Net Cash - Operating -200,219 3,146,554 18,676,808 1,885,530 2,041,035 17,808
Net Cash - Investing -1,190,710 -2,842,544 -18,571,038 5,994,708 -11,404,359
Net Cash - Financing -10,660 85,419 -77,929 4,798,909 10,162,997
Net Increase/Decrease in C&CE -1,401,589 389,429 27,841 12,679,147 799,673
- - - - - -
4,347
Current Ratio (%) n.a. n.a. n.a. n.a. n.a. 3,375
DAR (x) 0.28 0.30 0.23 0.24 0.25

DER (x) 2.33 3.21 2.47 2.22 2.27
EPS (IDR) 1.23 21.02 62.38 86.10 113.92 2019 2020 2021 2022 2023
PER (x) 269.23 107.04 116.93 14.98 15.27

PBV (x) 0.62 4.05 2.90 1.76 2.05
ROA (%) 0.17 0.43 1.14 1.39 1.61 5,704
ROE (%) 1.45 4.56 12.11 12.71 14.72

GPM (%) -39.14 -33.56 -24.59 -20.55 -26.93 4,260
NPM (%) 2.19 5.71 17.00 21.71 25.63
3,028
DPS (IDR) 1.10 0.00 0.00 18.41 9.24
DPR (%) 89.51 0.00 0.00 21.38 8.11
Dividend Yield (%) 0.33 0.00 0.00 1.43 0.53
248
No. of Listed Shares, million 9,619 9,803 40,718 45,718 45,668 74

2019 2020 2021 2022 2023

BRPT
Barito Pacific Tbk

BRPT Barito Pacific Tbk

Date: 31 Jan 2024 v2.0.0

PT Barito Pacific Tbk has a main business field of Industry, property, trade, Established Listing Date IPO Price (IDR) IPO Lead Underwriter
renewable energy, forestry, plantation, mining, transportation, and holding Makindo
company activities. The company's President Director and President 04 Apr 1979 01 Oct 1993 7,200
Commisioner are Agus Salim Pangestu and Prajogo Pangestu. The largest
shareholder of the company is PRAJOGO PANGESTU (141.70%). The Stock Overview
percentage of public shareholding (<5%) is 0.00%. The company has 13
subsidiaries. One of the biggest subsidiaries is PT Chandra Asri Petrochemicak Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
https://www.idx.co.id/en/listed-companies/company-profiles/BRPT

Domestic 46,568.6 7,466.5
80% 76%
Foreign 11,686.3 2,408.8 B Basic Materials B11 Chemicals
Others 11.75% 12.26% B1 Basic Materials B111 Basic Chemicals
Year 2023 YTD 2024
Total 58,254.9 9,875.3
Fundamental & ESG
YTD 2024
242.07x 1.69x 23.96 Medium
D 2,750.53 812.3 3,562.9
378.4 340.8
F 1,153.1 221.7 1,374.8 *Total trading value by Foreign is the sum of
Buy

D 19,291.1 3,804.0 23,095.1 "Foreign Buy-Domestic Sell" minus "Foreign Sell- BRPT Sector PER Market PER
Domestic Buy".
11.74x 12.82x

2023 F - Rp1.59 21-Jun-23 22-Jun-23 14-Jul-23 2019 - 06-Aug-19 3,670 5:1 735 0.200
2022 F - Rp3.12 23-May-22 24-May-22 10-Jun-22 2018 - 31-May-18 2,220 63:20 2,220 1.012
2021 F - Rp2.72 19-May-21 20-May-21 04-Jun-21 2017 - 12-Jul-17 2,970 2:1 1,485 0.500
2018 I - Rp14.13 19-Dec-18 18-Dec-18 21-Dec-18 2007 - 26-Nov-07 3,925 3:5 2,800 0.709
2018 F - Rp24.43 27-Jun-18 29-Jun-18 18-Jul-18 - - - - - - -
Industry Peers
1. BRPT Barito Pacific Tbk. 99,372.05 09/30/23 146,714,701 58,674,141 88,040,560 32,714,305 1,498,739
2. TPIA Chandra Asri Petrochemical 467,162.34 09/30/23 77,423,214 43,774,176 33,649,039 25,748,919 -307,432
3. ESSA Surya Esa Perkasa Tbk. 8,475.67 12/31/23 10,736,933 7,684,664 3,052,269 5,325,863 721,363
4. AGII Aneka Gas Industri Tbk. 4,707.32 09/30/23 7,711,891 3,818,729 3,893,162 2,067,686 114,899
5. UNIC Unggul Indah Cahaya Tbk. 3,037.90 09/30/23 5,008,540 4,376,412 632,127 4,053,100 234,572
1. BRPT Barito Pacific Tbk. 242.07 1.69 1.02 1.70 0.40 0.67
2. TPIA Chandra Asri Petrochemical Tbk. -484.80 10.67 -0.40 -0.91 0.57 1.30
3. ESSA Surya Esa Perkasa Tbk. 11.74 1.01 6.72 23.63 0.72 2.52
4. AGII Aneka Gas Industri Tbk. 33.64 1.23 1.49 2.95 0.50 0.98
5. UNIC Unggul Indah Cahaya Tbk. 10.05 0.69 4.68 37.11 0.87 6.92


Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 BRPT*
28.48%
IHSG
5.39%
LQ45
4.03%
Sector**
Highest 940 870 835 830 770 775 1,125 1,485 1,370 1,175 1,755 1,385
Lowest 825 760 765 760 710 750 775 1,130 965 945 1,015 1,015
Close 935 825 835 760 745 775 1,070 1,300 1,125 1,045 1,330 1,060
Adj. Close* 935 825 835 760 745 775 1,070 1,300 1,125 1,045 1,330 1,060
Growth (%) -11.76% 1.21% -8.98% -1.97% 4.03% 38.06% 21.50% -13.46% -7.11% 27.27% -20.30%
Volume (mill.) 1,765.03 1,511.22 539.33 713.53 686.68 253.80 1,812.64 3,366.90 3,214.77 4,708.25 8,224.63 4,384.33
Value (bill.) 1,569.40 1,220.99 431.08 567.83 508.90 194.20 1,760.96 4,497.58 3,747.17 5,182.85 12,675.48 4,937.65
Frequency (th.) 115.99 109.66 48.17 56.41 63.18 34.55 147.93 271.20 333.95 470.81 934.31 415.09
Days 20 21 14 21 17 20 22 20 22 22 19 22
Price (IDR) 2019 2020 2021 2022 2023 Industry: Basic Chemicals
Lowest 720 456 805 710 710
Close 1,510 1,100 855 755 1,330 1. BRPT 36.8% -20.3% 28.5% 19.8% 103.1%
Adj. Close* 302 1,100 855 755 1,330 2. TPIA 154.7% 2.9% 133.8% 134.0% 305.2%
Growth (%) 264% -22% -12% 76% 3. ESSA -16.6% -7.2% -50.3% 157.6% 21.2%
4. AGII -22.3% 1.0% -22.9% 18.1% 139.8%
Shares Traded 2019 2020 2021 2022 2023 5. UNIC -8.6% -3.4% -17.4% 93.3% 70.8%
Volume 16,013 23,636 13,866 14,972 28,335
Value 27,896 25,001 13,564 12,708 33,620 Note:
Index Membership

1. BISNIS-27 11. KOMPAS100 21. 31.
2. COMPOSITE 12. LQ45 22. 32.
3. ESGSKEHATI 13. MBX 23. 33.
4. I-GRADE 14. 24. 34.
5. IDX30 15. 25. 35.
6. IDX80 16. 26. 36.
7. IDXBASIC 17. 27. 37.
8. IDXESGL 18. 28. 38.
9. IDXHIDIV20 19. 29. 39.
10. IDXLQ45LCL 20. 30. 40.


Date: 31 Jan 2024 v2.0.0

160
Current Assets 25,493,315 29,009,429 50,860,866 44,875,678 43,637,100
Fixed Asset 36,047,030 37,608,740 38,671,516 44,439,321 2,982 120

- - - - - -
100
Total Assets 100,159,056 108,370,958 131,867,691 144,198,776 146,714,701
Trade Payable 9,627,726 10,235,096 11,162,296 7,020,579 2,504,310 80
Curr. Maturities - Bank Loans 2,341,728 1,291,002 880,212 969,339 1,051,676 60

- - - - - -
40
- - - - - -
- - - - - -
Common Stocks 13,220,209 13,807,032 14,003,211 15,301,568 15,198,524
58,032 58,674
Par Value 100 100 100 100 100
Total Equity 38,429,729 41,623,305 60,886,893 58,031,818 58,674,203 41,623
38,430
Revenues 33,502,388 32,923,468 45,028,055 46,176,207 32,714,274
Gross Profit 8,080,444 8,228,815 11,199,039 6,948,933 6,529,319
EBT 3,858,149 3,448,278 6,867,955 2,423,355 3,114,962
Tax -1,942,385 -1,454,070 -2,644,231 -1,921,137 -1,616,223
2019 2020 2021 2022 2023
Profit/Loss for the period 1,915,764 1,994,207 4,223,724 502,218 1,498,739
Profit/Loss Period Attributable 615,393 511,645 1,556,962 27,426 555,162
Comprehensive Attributable 591,728 357,971 1,946,834 1,437,738 766,978
45,028 46,176
Net Cash - Operating 6,404,785 6,080,172 5,242,102 -2,071,584 -4,389,759
33,502 32,923 32,714
Net Cash - Financing 1,901,498 4,203,219 16,681,902 13,913,662 4,451,041
C&CE, end of period 10,377,897 16,013,548 33,066,881 25,540,819 18,570,462
Current Ratio (%) 1.65 1.87 3.15 3.70 4.46
DAR (x) 0.62 0.62 0.54 0.60 0.60
DER (x) 1.61 1.60 1.17 1.48 1.50
EPS (IDR) 1.98 6.50 18.53 3.15 3.75 2019 2020 2021 2022 2023
PER (x) 762.36 169.22 48.55 239.53 346.89

PBV (x) 3.50 2.47 1.32 1.22 2.13
ROA (%) 1.91 1.84 3.20 0.35 1.02 4,224
ROE (%) 4.99 4.79 6.94 0.87 2.55
GPM (%) 24.12 24.99 24.87 15.05 19.96
OPM (%) 17.70 18.22 19.76 9.09 12.67
NPM (%) 5.72 6.06 9.38 1.09 4.58
DPS (IDR) 0.00 0.00 2.72 3.12 1.59 1,916 1,994
DPR (%) 0.00 0.00 14.70 99.04 42.43 1,499
Dividend Yield (%) 0.00 0.00 0.32 0.41 0.12
Miscellaneous Dec 2019 Dec 2020 Dec 2021 Dec 2022 Sep 2023 502

2019 2020 2021 2022 2023

BUKA
Bukalapak.com Tbk
BUKA Bukalapak.com Tbk

Date: 31 Jan 2024 v2.0.0

PT Bukalapak.com Tbk has a main business field of E-commerce, technology, Established Listing Date IPO Price (IDR) IPO Lead Underwriter
online & offline platform. The company's President Director and President Mandiri Sekuritas
Commisioner are Willix Halim and Prof. Dr. Bambang Permadi Soemantri 09 Sep 2011 06 Aug 2021 850
Brodjonegoro. The largest shareholder of the company is Public (<5%) (52.87%).
The company has 56 subsidiaries. One of the biggest subsidiaries is MOFA Stock Overview
Alpha Ltd .
For more information click here: #N/A 19,795,193,676,864 9,170,484,886,837
https://www.idx.co.id/en/listed-companies/company-profiles/BUKA

Domestic 5,511.6 635.1
67%
77% Others 15.61% 16.15% Sector Industry
Foreign 4,347.2 268.0 I Technology I11 Online Applications & Services
Others 16.03% 24.79% I1 Software & IT Services I111 Online Applications & Services
Year 2023 YTD 2024
Total 9,858.8 903.1
Fundamental & ESG
YTD 2024
-8.19x 0.77x 29.16 Medium
D 227.76 100.9 328.7
523.1 -22.3
Buy

D 1,706.1 788.1 2,494.2 "Foreign Buy-Domestic Sell" minus "Foreign Sell- BUKA Sector PER Market PER
Domestic Buy".
19.43x 12.82x

- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
Industry Peers
1. BUKA Bukalapak.com Tbk. 19,795.19 09/30/23 26,648,611 25,805,922 842,689 3,338,901 -784,151
2. BELI Global Digital Niaga Tbk 57,967.77 09/30/23 12,384,867 7,957,606 4,427,261 11,462,397 -2,649,759
3. EMTK Elang Mahkota Teknologi 28,450.97 09/30/23 43,113,737 39,057,804 4,055,933 6,766,374 -250,771
4. MCAS M Cash Integrasi Tbk. 3,341.54 09/30/23 1,932,698 1,185,226 747,473 9,258,519 16,244
5. NFCX NFC Indonesia Tbk. 2,306.67 09/30/23 1,902,934 1,236,081 666,853 7,554,209 -139,204
1. BUKA Bukalapak.com Tbk. -8.19 0.77 -2.94 -93.05 0.97 30.62
2. BELI Global Digital Niaga Tbk -13.18 7.28 -21.40 -59.85 0.64 1.80
3. EMTK Elang Mahkota Teknologi Tbk. -108.03 0.73 -0.58 -6.18 0.91 9.63
4. MCAS M Cash Integrasi Tbk. 388.54 2.82 0.84 2.17 0.61 1.59
5. NFCX NFC Indonesia Tbk. -23.30 1.87 -7.32 -20.87 0.65 1.85


Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 BUKA*
-33.79%
IHSG
5.39%
LQ45
4.03%
Sector**
*Adjusted Close Price; **Technology
Highest 304 268 240 240 226 244 240 262 214 214 216 208
Lowest 262 222 228 197 204 212 218 208 196 198 195 186
Close 262 248 236 212 212 216 232 218 210 208 216 192
Adj. Close* 262 248 236 212 212 216 232 218 210 208 216 192
Growth (%) -5.34% -4.84% -10.17% 0.00% 1.89% 7.41% -6.03% -3.67% -0.95% 3.85% -11.11%
Volume (mill.) 3,491.53 3,007.12 2,153.13 3,001.19 3,518.00 4,062.43 4,174.18 8,069.04 1,963.43 2,090.46 1,892.56 2,310.87
Value (bill.) 990.09 758.95 509.00 637.89 756.22 919.48 966.03 1,949.52 403.96 437.07 390.72 451.56
Frequency (th.) 109.33 85.35 50.48 80.24 81.94 102.79 127.05 146.61 50.10 48.96 45.89 61.83
Days 20 21 14 21 17 20 22 20 22 22 19 22
Price (IDR) 2019 2020 2021 2022 2023 Industry: Online Applications & Services
Highest - - 1,110 500 304 No. Code 6M YTD 1Y 3Y 5Y
Lowest - - 430 250 195
Close - - 430 262 216 1. BUKA -11.1% -11.1% -33.8% n.a. n.a.
Adj. Close* - - 430 262 216 2. BELI 5.7% -0.4% 4.3% n.a. n.a.
Growth (%) 0% 0% -39% -18% 3. EMTK -28.6% -21.4% -57.0% -75.6% -46.7%
4. MCAS -52.8% -11.5% -47.3% -10.5% 19.6%
Shares Traded 2019 2020 2021 2022 2023 5. NFCX -22.9% -14.6% -43.3% 77.0% 64.8%
Volume - - 48,544 99,882 40,260
Value - - 38,884 31,815 9,501 Note:
Frequency - - 2,386 2,605 995 Base date: 6M = Jul 31, 2023; YTD = Dec 29, 2023; 1Y = Jan 31, 2023; 3Y = Jan 29, 2021; 5Y = Jan 31, 2019;
Days - - 102 246 239 *Adjusted price refers to the close price after adjustments for any applicable corporate actions.
Index Membership
No. Index Code

1. COMPOSITE 11. 21. 31.
2. IDX30 12. 22. 32.
3. IDX80 13. 23. 33.
4. IDXESGL 14. 24. 34.
5. IDXSMC-COM 15. 25. 35.
6. IDXSMC-LIQ 16. 26. 36.
7. IDXTECHNO 17. 27. 37.
8. KOMPAS100 18. 28. 38.
9. LQ45 19. 29. 39.
10. MBX 20. 30. 40.


Date: 31 Jan 2024 v2.0.0

Cash & Cash Equivalents - 1,484,438 24,700,387 16,256,067 19,172,400
Trade receivables - 92,948 53,679 123,792 131,291 Total Asset & Liabilities (Bill. Rp)
Inventories - - 1,273 71,006 75,605 Asset Liabilities
30
Current Assets - 1,769,815 25,848,765 22,005,287 23,812,600
- - - - - -
25
Fixed Asset - 335,017 113,873 23,115 16,600
- - - - - - 20
Total Assets - 2,593,657 26,615,550 27,406,405 26,648,600
Trade Payable - 72,192 114,473 78,672 60,153 15
Curr. Maturities - Bank Loans - - 2,000,000 - -

- - - - - - 10
- - - - - -
5
Current Liabilities - 881,991 3,007,455 808,856 753,674
- - - - - - -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Total Liabilities - 985,822 3,119,931 907,921 842,689
Common Stocks - 2,508,278 5,153,101 5,153,324 5,154,020
Paid up Capital (Shares) - 8 103,062 103,066 103,080 26,498
25,806
Par Value A - E Rp1,000; A1, F,
- G Rp3,000,000 50 50 50 23,496
Retained earnings - -7,654,886 -9,327,845 -7,344,215 -8,120,440
Total Equity - 1,607,836 23,495,619 26,498,483 25,805,900
Revenues - 1,351,664 1,869,122 3,618,366 3,338,900
- - - - - -
- - - - - -
Interest & Finance Costs - -8,547 -18,305 7,078 4,176
1,608
EBT - -1,832,143 -1,500,980 2,270,209 -755,005 -
Tax - 483,101 -174,764 -292,615 -29,146
2019 2020 2021 2022 2023
Profit/Loss for the period - -1,349,042 -1,675,744 1,977,594 -784,151
Profit/Loss Period Attributable - -1,349,042 -1,672,959 1,983,630 -776,223
Comprehensive Income - -1,316,358 -1,675,383 1,985,902 -792,783 Total Revenue (Bill. Rp)
Comprehensive Attributable - -1,316,357 -1,672,650 1,992,184 -784,854
3,618
Net Cash - Operating - -1,154,372 -1,409,310 -631,686 -18,569

Net Cash - Investing - -1,437 -659,001 -6,008,342 2,988,810
Net Cash - Financing - 1,747,478 25,270,996 -2,010,157 -23,836
Net Increase/Decrease in C&CE - 591,669 23,202,685 -8,650,185 2,946,400 1,869
C&CE, end of period - 1,484,438 24,700,387 16,256,067 19,172,400 1,352
Current Ratio (%) n.a. 2.01 8.59 27.21 31.60
DAR (x) n.a. 0.38 0.12 0.03 0.03 -
DER (x) n.a. 0.61 0.13 0.03 0.03
EPS (IDR) n.a. n.a. -10.50 29.86 -67.90 2019 2020 2021 2022 2023
PER (x) n.a. n.a. -40.95 8.77 -3.21

BV (IDR) n.a. n.a. 228 257 250 Profit/Loss for the Period (Bill. Rp)
PBV (x) n.a. n.a. 1.89 1.02 0.86
ROA (%) n.a. -52.01 -6.30 7.22 -2.94
1,978
ROE (%) n.a. -83.90 -7.13 7.46 -3.04
GPM (%) n.a. n.a. n.a. 0.00 0.00
OPM (%) n.a. 0.00 0.00 0.00 0.00
NPM (%) n.a. -99.81 -89.65 54.65 -23.49
DPS (IDR) 0.00 0.00 0.00 0.00 0.00 -
DPR (%) n.a. n.a. 0.00 0.00 0.00
Dividend Yield (%) n.a. n.a. 0.00 0.00 0.00
Miscellaneous Dec 2019 Dec 2020 Dec 2021 Dec 2022 Sep 2023 -784
No. of Listed Shares, million n.a n.a 103,062 103,066 103,080 -1,349
Market Capitalization, billion IDR n.a n.a 44,317 27,003 22,472 -1,676
2019 2020 2021 2022 2023

CPIN
Charoen Pokphand Indonesia Tbk

CPIN Charoen Pokphand Indonesia Tbk

Date: 31 Jan 2024 v2.0.0

PT Charoen Pokphand Indonesia Tbk has a main business field of Animal feed. Established Listing Date IPO Price (IDR) IPO Lead Underwriter
The company's President Director and President Commisioner are Tjiu Thomas Asian Development
Effendy and Hadi Gunawan Tjoe. The largest shareholder of the company is PT 07 Jan 1972 18 Mar 1991 5,100 Securities
Charoen Pokphand Indonesia Group (55.53%). The percentage of public
biggest subsidiaries is Sarana Farmindo Utama.
https://www.idx.co.id/en/listed-companies/company-profiles/CPIN

Domestic 6,001.9 948.0
66% 66%
Foreign 3,499.8 533.5 D Consumer Non-Cyclicals D23 Agricultural Products
34% 34%
Others 19.81% 13.95% D2 Food & Beverage D231 Fish, Meat, & Poultry
Year 2023 YTD 2024
Total 9,501.7 1,481.5
Fundamental & ESG
YTD 2024
30.38x 2.53x 41.17 Severe
D 328.48 150.1 478.6
80.3 -9.2
Buy

D 2,093.1 867.7 2,960.8 "Foreign Buy-Domestic Sell" minus "Foreign Sell- CPIN Sector PER Market PER
Domestic Buy".
F 948.0 842.0 1,790.0 A positive net foreign indicates a net buy by
14.50x 12.82x

2023 I - Rp100.00 17-Nov-23 20-Nov-23 29-Nov-23 2010 - 08-Dec-10 9,550 5:1 1,910 0.200
2022 F - Rp108.00 03-Jun-22 06-Jun-22 14-Jun-22 2007 - 01-Nov-07 1,470 2:1 740 0.500
2021 F - Rp112.00 04-Aug-21 05-Aug-21 13-Aug-21 2007 - 05-Jul-07 990 6:1 960 0.965
2020 F - Rp81.00 03-Sep-20 04-Sep-20 16-Sep-20 2001 - 15-Jan-01 2,600 5:1 520 0.200
2019 F - Rp118.00 11-Jun-19 12-Jun-19 18-Jun-19 1997 - 09-Jun-97 1,350 4:1 1,080 0.800
Industry Peers
1. CPIN Charoen Pokphand 73,463.04 09/30/23 41,939,307 29,016,963 12,922,344 47,128,673 2,674,713
2. JPFA Japfa Comfeed Indonesia 12,430.17 12/31/23 34,109,431 14,167,212 19,942,219 51,175,898 945,922
3. CPRO Central Proteina Prima Tbk. 3,097.76 09/30/23 7,037,582 3,500,595 3,536,987 6,764,638 321,663
4. SIPD Sreeya Sewu Indonesia Tbk. 1,802.32 09/30/23 3,331,638 1,209,353 2,122,285 4,586,809 6,765
5. WMPP Widodo Makmur Perkasa 1,470.95 09/30/23 5,614,949 1,817,274 3,797,675 737,598 -279,703
1. CPIN Charoen Pokphand Indonesia Tbk 30.38 2.53 6.38 20.70 0.69 2.25
2. JPFA Japfa Comfeed Indonesia Tbk. 13.38 0.88 2.77 4.74 0.42 0.71
3. CPRO Central Proteina Prima Tbk. 7.56 0.88 4.57 9.09 0.50 0.99
4. SIPD Sreeya Sewu Indonesia Tbk. -13.40 1.49 0.20 0.32 0.36 0.57
5. WMPP Widodo Makmur Perkasa Tbk. -2.62 0.81 -4.98 -7.37 0.32 0.48


Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 CPIN*
-23.09%
IHSG
5.39%
LQ45
4.03%
Sector**
Highest 5,900 5,600 4,820 5,250 5,275 5,500 5,325 5,425 5,800 5,675 5,125 5,025
Lowest 5,375 4,800 4,420 4,630 4,900 4,960 5,025 4,900 4,950 5,050 4,970 4,480
Close 5,375 4,990 4,590 4,950 5,275 5,175 5,175 5,425 5,800 5,200 5,025 4,480
Adj. Close* 5,375 4,990 4,590 4,950 5,275 5,175 5,175 5,425 5,800 5,200 5,025 4,480
Growth (%) -7.16% -8.02% 7.84% 6.57% -1.90% 0.00% 4.83% 6.91% -10.34% -3.37% -10.85%
Volume (mill.) 185.35 232.91 158.26 254.14 138.15 152.11 142.92 142.29 143.68 189.01 121.47 156.78
Value (bill.) 1,063.36 1,187.00 725.52 1,250.99 704.57 797.03 745.19 724.76 775.22 1,008.75 610.93 740.77
Frequency (th.) 55.81 94.55 76.74 93.89 50.88 58.08 51.73 47.11 58.33 62.37 46.63 66.04
Days 20 21 14 21 17 20 22 20 22 22 19 22
Price (IDR) 2019 2020 2021 2022 2023 Industry: Fish, Meat, & Poultry
Lowest 4,280 3,830 5,700 4,840 4,420
Close 6,500 6,525 5,950 5,650 5,025 1. CPIN -13.4% -10.8% -23.1% -22.1% -39.5%
Adj. Close* 6,500 6,525 5,950 5,650 5,025 2. JPFA -20.6% -10.2% -21.5% -22.1% -63.8%
Growth (%) 0% -9% -5% -11% 3. CPRO -1.9% 2.0% -3.7% 4.0% 4.0%
4. SIPD -6.7% -27.4% -17.6% -24.6% -3.0%
Shares Traded 2019 2020 2021 2022 2023 5. WMPP 0.0% 0.0% -52.4% n.a. n.a.
Volume 2,589 2,232 1,807 2,109 2,008
Value 15,528 12,858 11,639 11,824 10,479 Note:
Frequency 1,062 1,020 872 853 748 Base date: 6M = Jul 31, 2023; YTD = Dec 29, 2023; 1Y = Jan 31, 2023; 3Y = Jan 29, 2021; 5Y = Jan 31, 2019;
Index Membership

1. BISNIS-27 11. JII 21. 31.
3. IDX30 13. KOMPAS100 23. 33.
4. IDX80 14. LQ45 24. 34.
5. IDXLQ45LCL 15. MBX 25. 35.
6. IDXNONCYC 16. 26. 36.
7. IDXQ30 17. 27. 37.
8. IDXSHAGROW 18. 28. 38.
9. Investor33 19. 29. 39.
10. ISSI 20. 30. 40.


Date: 31 Jan 2024 v2.0.0

45
Current Assets 13,297,718 13,531,817 15,715,060 18,031,436 19,670,000
- - - - - - 40
Fixed Asset 13,521,979 14,494,330 16,255,596 17,627,978 17,774,700 35

- - - - - - 30
Total Assets 29,353,041 31,159,291 35,446,051 39,847,545 41,939,300
25
Trade Payable 1,037,827 1,170,500 1,571,868 1,496,934 1,307,420
20
- - - - - -
- - - - - - 15
- - - - - - 10

- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 163,980 163,980 163,980 163,980 163,980
29,017
Par Value 10 10 10 10 10
26,327
25,150
Total Equity 21,071,600 23,349,683 25,149,999 26,327,214 29,017,000 21,072
Revenues 58,634,502 42,518,782 51,698,249 56,867,544 47,128,700
Gross Profit 8,096,004 8,254,983 8,138,825 8,144,040 6,913,830
EBT 4,595,238 4,767,698 4,633,546 3,537,180 3,346,430
Tax -963,064 -921,865 -1,014,536 -606,823 -671,719
2019 2020 2021 2022 2023
56,868
47,129
Net Cash - Investing -2,854,639 -1,805,708 -2,819,121 -2,613,060 -996,460 42,519
Net Cash - Financing -1,374,310 -2,329,963 -316,035 927,867 57,993
Net Increase/Decrease in C&CE -828,776 709,904 -1,013,251 -11,306 1,559,840
C&CE, end of period 1,961,373 2,677,813 1,803,188 2,041,946 3,246,510
Current Ratio (%) 2.56 2.53 2.01 1.78 1.97
DAR (x) 0.28 0.25 0.29 0.34 0.31
DER (x) 0.39 0.33 0.41 0.51 0.45
EPS (IDR) 222.76 204.35 260.02 251.91 115.27 2019 2020 2021 2022 2023
PER (x) 29.18 31.93 22.88 22.43 47.06

PBV (x) 5.06 4.58 3.88 3.52 2.84
ROA (%) 12.37 12.34 10.21 7.35 6.38
ROE (%) 17.24 16.47 14.39 11.13 9.22 3,846
3,632 3,619
GPM (%) 13.81 19.41 15.74 14.32 14.67
OPM (%) 8.95 12.63 8.92 7.36 8.09 2,930
2,675
NPM (%) 6.19 9.05 7.00 5.15 5.68
DPS (IDR) 118.00 81.00 112.00 108.00 100.00
DPR (%) 52.97 39.64 43.07 42.87 86.75
Dividend Yield (%) 1.82 1.24 1.88 1.91 1.99
2019 2020 2021 2022 2023

EMTK
Elang Mahkota Teknologi Tbk

EMTK Elang Mahkota Teknologi Tbk

Date: 31 Jan 2024 v2.0.0

PT Elang Mahkota Teknologi Tbk has a main business field of Services and Established Listing Date IPO Price (IDR) IPO Lead Underwriter
trade. The company's President Director and President Commisioner are Rd. Mandiri Sekuritas
Alvin W. Sariaatmadja and Rd. Eddy K. Sariaatmadja . The largest shareholder 03 Aug 1983 12 Jan 2010 720
of the company is Eddy K. Sariaatmadja (45.84%). The percentage of public
biggest subsidiaries is PT Surya Citra Media Tbk..
https://www.idx.co.id/en/listed-companies/company-profiles/EMTK

Domestic 3,425.2 447.7
Foreign 1,850.7 144.0 I Technology I11 Online Applications & Services
Year 2023 YTD 2024
Total 5,276.0 591.7
Fundamental & ESG
YTD 2024
-108.03x 0.73x 14.90 Low
D 169.20 55.6 224.8
-263.6 -1.8
Buy

D 1,144.2 700.2 1,844.4 "Foreign Buy-Domestic Sell" minus "Foreign Sell- EMTK Sector PER Market PER
Domestic Buy".
19.43x 12.82x

2023 F - Rp5.00 23-Jun-23 26-Jun-23 14-Jul-23 2021 - 11-Jan-21 16,300 10:1 1,630 0.100
2018 F - Rp20.00 03-Jul-18 05-Jul-18 12-Jul-18 - - - - - - -
2017 I - Rp20.00 13-Dec-17 15-Dec-17 22-Dec-17 - - - - - - -
2017 F - Rp20.00 29-May-17 31-May-17 08-Jun-17 - - - - - - -
2016 I - Rp20.00 14-Dec-16 16-Dec-16 30-Dec-16 - - - - - - -
Industry Peers
2. GOTO GOTO Gojek Tokopedia Tbk 105,724.05 12/31/23 54,097,256 35,720,000 18,377,256 14,785,492 -90,518,726
2. GOTO GOTO Gojek Tokopedia Tbk -3.67 0.91 -167.33 -492.56 0.66 1.94


Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 EMTK*
-57.04%
IHSG
5.39%
LQ45
4.03%
Sector**
Highest 1,175 955 840 725 770 780 635 600 645 645 655 585
Lowest 950 730 705 585 610 650 570 535 500 494 540 464
Close 950 790 705 595 710 650 570 585 500 645 590 464
Adj. Close* 950 790 705 595 710 650 570 585 500 645 590 464
Growth (%) -16.84% -10.76% -15.60% 19.33% -8.45% -12.31% 2.63% -14.53% 29.00% -8.53% -21.36%
Volume (mill.) 573.13 734.43 448.64 477.54 652.21 674.85 384.22 791.83 804.96 938.63 591.95 566.76
Value (bill.) 619.02 600.06 348.95 316.46 456.00 500.12 236.38 453.32 480.54 567.76 346.87 295.87
Frequency (th.) 91.54 82.20 60.56 75.22 87.73 88.55 48.67 76.06 81.41 71.93 56.45 56.24
Days 20 21 14 21 17 20 22 20 22 22 19 22
Lowest 4,610 4,070 1,490 995 494
Close 5,575 14,000 2,280 1,030 590 1. EMTK -28.6% -21.4% -57.0% -75.6% -46.7%
Adj. Close* 558 1,400 228 1,030 590 2. GOTO -22.1% 2.3% -21.4% n.a. n.a.
Growth (%) 151% -84% 352% -43% 3. BELI 5.7% -0.4% 4.3% n.a. n.a.
4. BUKA -11.1% -11.1% -33.8% n.a. n.a.
Shares Traded 2019 2020 2021 2022 2023 5. MCAS -52.8% -11.5% -47.3% -10.5% 19.6%
Volume 25 191 11,567 12,560 7,604
Value 166 765 26,008 24,531 5,479 Note:
Frequency 1 5 1,802 2,388 899 Base date: 6M = Jul 31, 2023; YTD = Dec 29, 2023; 1Y = Jan 31, 2023; 3Y = Jan 29, 2021; 5Y = Jan 31, 2019;
Index Membership

1. COMPOSITE 11. JII 21. 31.
2. ESGQKEHATI 12. JII70 22. 32.
3. ESGSKEHATI 13. KOMPAS100 23. 33.
4. IDX80 14. LQ45 24. 34.
5. IDXESGL 15. MBX 25. 35.
6. IDXLQ45LCL 16. SRI-KEHATI 26. 36.
7. IDXSMC-COM 17. 27. 37.
8. IDXSMC-LIQ 18. 28. 38.
9. IDXTECHNO 19. 29. 39.
10. ISSI 20. 30. 40.


Date: 31 Jan 2024 v2.0.0

Inventories 1,145,444 926,769 1,004,564 2,643,521 2,575,520 Asset Liabilities
50
Current Assets 8,606,558 7,330,343 12,961,205 16,503,759 15,704,500
45
- - - - - -
Fixed Asset 3,028,963 4,583,996 5,818,066 5,584,109 5,851,250 40
- - - - - - 35
Total Assets 17,540,638 17,884,146 38,168,511 44,469,025 43,113,700 30
Trade Payable 775,963 595,422 735,306 766,485 664,693 25
Curr. Maturities - Bank Loans 22,400 191,013 6,436 381,460 153,913 20

- - - - - - 15
- - - - - - 10
Long-term Bank Loans 5,600 2,084,387 611,964 644,188 730,548 -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 1,128,455 1,128,791 1,224,835 1,224,835 1,224,840
Par Value 200 20 20 20 20
33,669
Retained earnings -3,139,097 -1,080,923 4,673,694 9,817,104 9,349,930
Total Equity 12,265,279 12,399,039 33,668,866 39,896,588 39,057,800
Revenues 11,100,065 11,936,382 12,840,734 15,524,642 6,766,370
Gross Profit 2,627,585 2,893,309 3,708,351 3,392,903 2,096,150 12,265 12,399
Operating Profit/Loss -1,725,576 1,225,315 1,349,711 530,464 -30,737
Interest & Finance Costs -68,420 -50,839 -101,841 85,146 -
EBT -2,071,947 3,702,417 6,436,823 6,216,439 -143,375
Tax -271,160 -345,945 -416,997 -754,380 -113,897
2019 2020 2021 2022 2023
Profit/Loss for the period -2,343,106 1,717,376 6,019,826 5,462,058 -250,771
Profit/Loss Period Attributable -1,516,034 2,058,199 5,659,161 5,444,010 -162,187
Comprehensive Income -2,717,992 1,898,383 6,271,231 6,221,689 -278,917 Total Revenue (Bill. Rp)
Comprehensive Attributable -1,883,819 2,225,128 5,911,749 6,195,682 -188,883
15,525
Net Cash - Operating -1,602,098 1,812,827 1,571,869 -810,999 561,893 12,841
11,936
Net Cash - Investing -761,378 -190,737 -10,750,356 1,497,302 -386,445 11,100
Net Cash - Financing 1,132,990 -1,857,271 12,672,899 1,942,476 -621,250
Net Increase/Decrease in C&CE -1,230,487 -235,181 3,494,412 2,628,779 -445,802
C&CE, end of period 3,315,187 2,694,706 7,383,025 8,712,638 8,143,480 6,766
Current Ratio (%) 3.20 2.56 4.03 5.27 5.60
DAR (x) 0.30 0.31 0.12 0.10 0.09
DER (x) 0.43 0.44 0.13 0.11 0.10
EPS (IDR) -544.76 -14.18 29.37 179.41 37.47 2019 2020 2021 2022 2023
PER (x) -10.23 -987.57 77.63 5.74 15.61

BV (IDR) 2,174 2,197 550 651 638 Profit/Loss for the Period (Bill. Rp)
PBV (x) 2.56 6.37 4.15 1.58 0.93
ROA (%) -13.36 9.60 15.77 12.28 -0.58
ROE (%) -19.10 13.85 17.88 13.69 -0.64 6,020
5,462
GPM (%) 23.67 24.24 28.88 21.85 30.98
OPM (%) -15.55 10.27 10.51 3.42 -0.45
NPM (%) -21.11 14.39 46.88 35.18 -3.71
1,717
DPS (IDR) 0.00 0.00 0.00 0.00 5.00
DPR (%) 0.00 0.00 0.00 0.00 13.34
Dividend Yield (%) 0.00 0.00 0.00 0.00 0.85
-251
No. of Listed Shares, million 5,642 5,644 61,242 61,242 61,242 -2,343
2019 2020 2021 2022 2023

ESSA
ESSA Industries Indonesia Tbk

ESSA ESSA Industries Indonesia Tbk

Date: 31 Jan 2024 v2.0.0

PT ESSA Industries Indonesia Tbk has a main business field of Business in the Established Listing Date IPO Price (IDR) IPO Lead Underwriter
field of natural gas purification and processing industry. The company's President Equator Securities
Director and President Commisioner are Kanishk Laroya and Hamid Awaluddin. 24 Mar 2006 01 Feb 2012 610
The largest shareholder of the company is Public (<5%) (63.88%). The company
has 3 subsidiaries. One of the biggest subsidiaries is PT ESSA Chemical Stock Overview
Indonesia.
https://www.idx.co.id/en/listed-companies/company-profiles/ESSA

Domestic 4,407.4 763.1
88%
Foreign 1,059.9 118.2 B Basic Materials B11 Chemicals
22% Institution 70.98% 67.63% Sub-Sector Sub-Industry
12%
Others 27.33% 26.56% B1 Basic Materials B111 Basic Chemicals
Year 2023 YTD 2024
Total 5,467.3 881.3
Fundamental & ESG
YTD 2024
11.74x 1.01x 49.50 Severe
D 329.14 43.6 372.7
46.6 17.7
Buy

D 1,828.5 352.0 2,180.4 "Foreign Buy-Domestic Sell" minus "Foreign Sell- ESSA Sector PER Market PER
Domestic Buy".
11.74x 12.82x

2023 F - Rp45.00 28-Mar-23 29-Mar-23 05-Apr-23 2018 - 30-Jan-18 318 10:3 280 0.878
2022 F - Rp5.00 16-Jun-22 17-Jun-22 28-Jun-22 2017 - 27-Oct-17 1,900 10:1 190 0.100
- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
Industry Peers
1. ESSA Surya Esa Perkasa Tbk. 8,475.67 12/31/23 10,736,933 7,684,664 3,052,269 5,325,863 721,363
2. TPIA Chandra Asri Petrochemical 467,162.34 09/30/23 77,423,214 43,774,176 33,649,039 25,748,919 -307,432
3. BRPT Barito Pacific Tbk. 99,372.05 09/30/23 146,714,701 58,674,141 88,040,560 32,714,305 1,498,739
4. AGII Aneka Gas Industri Tbk. 4,707.32 09/30/23 7,711,891 3,818,729 3,893,162 2,067,686 114,899
5. UNIC Unggul Indah Cahaya Tbk. 3,037.90 09/30/23 5,008,540 4,376,412 632,127 4,053,100 234,572
1. ESSA Surya Esa Perkasa Tbk. 11.74 1.01 6.72 23.63 0.72 2.52
2. TPIA Chandra Asri Petrochemical Tbk. -484.80 10.67 -0.40 -0.91 0.57 1.30
3. BRPT Barito Pacific Tbk. 242.07 1.69 1.02 1.70 0.40 0.67
4. AGII Aneka Gas Industri Tbk. 33.64 1.23 1.49 2.95 0.50 0.98
5. UNIC Unggul Indah Cahaya Tbk. 10.05 0.69 4.68 37.11 0.87 6.92


Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 ESSA*
-50.30%
IHSG
5.39%
LQ45
4.03%
Sector**
Highest 1,070 1,060 960 655 645 705 670 815 770 640 600 605
Lowest 920 940 700 488 530 580 560 620 600 555 500 492
Close 1,070 945 700 488 580 590 605 795 600 555 530 492
Adj. Close* 1,070 945 700 488 580 590 605 795 600 555 530 492
Growth (%) -11.68% -25.93% -30.29% 18.85% 1.72% 2.54% 31.40% -24.53% -7.50% -4.50% -7.17%
Volume (mill.) 1,099.57 1,200.63 839.47 996.32 721.08 1,043.12 655.64 1,023.48 700.65 341.29 681.87 786.63
Value (bill.) 1,103.47 1,177.02 649.60 588.10 422.39 688.79 408.29 751.16 498.98 202.88 370.43 440.66
Frequency (th.) 128.51 95.42 89.15 89.88 76.22 104.94 77.74 110.77 79.64 48.36 47.15 72.02
Days 20 21 14 21 17 20 22 20 22 22 19 22
Price (IDR) 2019 2020 2021 2022 2023 Industry: Basic Chemicals
Highest 420 274 535 1,515 1,070 No. Code 6M YTD 1Y 3Y 5Y
Lowest 242 118 190 440 488
Close 268 210 530 915 530 1. ESSA -16.6% -7.2% -50.3% 157.6% 21.2%
Adj. Close* 268 210 530 915 530 2. TPIA 154.7% 2.9% 133.8% 134.0% 305.2%
Growth (%) -22% 152% 73% -42% 3. BRPT 36.8% -20.3% 28.5% 19.8% 103.1%
4. AGII -22.3% 1.0% -22.9% 18.1% 139.8%
Shares Traded 2019 2020 2021 2022 2023 5. UNIC -8.6% -3.4% -17.4% 93.3% 70.8%
Volume 5,464 3,434 25,605 16,599 9,835
Value 1,851 694 8,703 16,437 7,363 Note:
Index Membership

2. IDX80 12. KOMPAS100 22. 32.
3. IDXBASIC 13. LQ45 23. 33.
4. IDXG30 14. MBX 24. 34.
5. IDXLQ45LCL 15. MNC36 25. 35.
6. IDXSHAGROW 16. PEFINDO25 26. 36.
7. IDXSMC-COM 17. 27. 37.
8. IDXSMC-LIQ 18. 28. 38.
9. IDXV30 19. 29. 39.
10. ISSI 20. 30. 40.


Date: 31 Jan 2024 v2.0.0

Inventories 211,112 306,834 462,098 911,147 767,485 Asset Liabilities
14
Current Assets 2,656,024 1,458,681 2,254,510 4,070,687 2,761,106
- - - - - - 12
Fixed Asset 8,965,414 8,726,499 8,193,216 8,228,333 7,605,523
10
- - - - - -
Total Assets 12,485,132 11,171,914 11,547,802 12,961,554 10,736,933 8
Trade Payable 165,067 172,812 345,677 364,315 184,369
6
Curr. Maturities - Bank Loans 78,978 79,990 682,903 1,426,357 1,635,222
- - - - - - 4
- - - - - -
Long-term Bank Loans 540,439 470,317 5,764,589 2,763,746 848,197 -

- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 201,372 217,296 219,823 240,204 253,836
8,191
Par Value 10 10 10 10 10
Total Equity 4,301,149 4,397,663 4,291,849 8,191,477 7,684,664
4,301 4,398 4,292
Revenues 3,094,560 2,475,631 4,329,746 11,405,404 5,325,863
Gross Profit 560,586 132,264 1,573,718 5,319,409 1,592,949
Operating Profit/Loss 320,778 -101,084 1,233,045 4,704,976 1,189,466
Interest & Finance Costs -543,235 -500,405 -1,117,875 495,517 272,129
EBT -160,817 -556,025 144,045 4,304,343 953,950
Tax 169,044 82,539 60,779 -861,781 -232,587
2019 2020 2021 2022 2023
Profit/Loss for the period 8,227 -473,486 204,823 3,442,563 721,363
Profit/Loss Period Attributable 36,786 -269,778 199,326 2,164,810 534,416
Comprehensive Income -71,787 -281,420 272,733 3,585,638 755,348 Total Revenue (Bill. Rp)
Comprehensive Attributable -12,510 -57,104 243,704 2,250,018 600,669 11,405
Net Cash - Operating 1,222,777 661,207 1,316,572 4,964,667 2,335,916
Net Cash - Investing 712,487 -862,884 -24,816 -176,310 -41,444
Net Cash - Financing -1,350,856 -835,199 -1,190,964 -3,748,716 -3,055,850
Net Increase/Decrease in C&CE 584,408 -1,036,876 100,793 1,039,641 -761,378 5,326
C&CE, end of period 2,053,940 1,040,631 1,153,523 2,300,117 1,516,168 4,330
3,095
Ratios Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 2,476
Current Ratio (%) 2.32 1.09 1.62 2.14 1.44
DAR (x) 0.66 0.61 0.63 0.37 0.28
DER (x) 1.90 1.54 1.69 0.58 0.40
EPS (IDR) 26.82 -15.60 4.07 107.05 41.92 2019 2020 2021 2022 2023
PER (x) 9.99 -13.46 130.19 8.55 12.64

PBV (x) 0.89 0.75 1.93 1.75 1.19
ROA (%) 0.07 -4.24 1.77 26.56 6.72
3,443
ROE (%) 0.19 -10.77 4.77 42.03 9.39
GPM (%) 18.12 5.34 36.35 46.64 29.91
OPM (%) 10.37 -4.08 28.48 41.25 22.33
NPM (%) 0.27 -19.13 4.73 30.18 13.54
DPS (IDR) 0.00 0.00 0.00 5.00 45.00
DPR (%) 0.00 0.00 0.00 4.67 107.35 721
Dividend Yield (%) 0.00 0.00 0.00 0.55 8.49 205
8
-473
2019 2020 2021 2022 2023

EXCL
XL Axiata Tbk
EXCL XL Axiata Tbk

Date: 31 Jan 2024 v2.0.0

PT XL Axiata Tbk has a main business field of The implementation of Established Listing Date IPO Price (IDR) IPO Lead Underwriter
telecommunications services and/or telecommunications and/or multimedia CIMB Niaga
networks. The company's President Director and President Commisioner are 06 Oct 1989 29 Sep 2005 2,000 Securities
Dian Siswarini and Dr. Muhamad Chatib Basri. The largest shareholder of the
company is Axiata Investments (Indonesia) Sdn. Bhd. (61.16%). The percentage Stock Overview
of public shareholding (<5%) is 38.31%.
https://www.idx.co.id/en/listed-companies/company-profiles/EXCL

Domestic 8,145.3 2,102.2
78% 75%
Foreign 2,742.3 840.1 J Infrastructures J32 Wireless Telecommunication Services
Others 20.16% 8.35% J3 Telecommunication J321 Wireless Telecommunication Services
Year 2023 YTD 2024
Total 10,887.7 2,942.2
Fundamental & ESG
YTD 2024
26.74x 1.16x N/A -
D 757.91 311.5 1,069.4
244.1 -36.6
Buy

D 3,086.3 864.3 3,950.6 "Foreign Buy-Domestic Sell" minus "Foreign Sell- EXCL Sector PER Market PER
Domestic Buy".
11.51x 12.82x

2023 F - Rp42.00 16-May-23 17-May-23 31-May-23 2016 - 16-May-16 3,380 100:25 3,330 0.986
2022 F - Rp51.00 11-May-22 12-May-22 20-May-22 - - - - - - -
2021 F - Rp31.70 04-May-21 05-May-21 21-May-21 - - - - - - -
2020 F - Rp20.00 02-Jun-20 03-Jun-20 17-Jun-20 - - - - - - -
2014 F - Rp64.00 14-May-14 19-May-14 04-Jun-14 - - - - - - -
Industry Peers
1. EXCL XL Axiata Tbk. 30,457.96 12/31/23 87,688,084 26,504,776 61,183,308 32,322,651 1,284,448
2. SUPR Solusi Tunas Pratama Tbk. 45,389.43 09/30/23 9,469,787 5,347,433 4,122,354 1,404,797 766,930
3. TBIG Tower Bersama 44,181.15 09/30/23 43,760,094 11,285,274 32,474,820 4,952,837 1,164,927
4. FREN Smartfren Telecom Tbk. 16,769.40 09/30/23 45,911,102 15,184,419 30,726,683 8,629,536 -599,657
5. IBST Inti Bangun Sejahtera Tbk. 7,227.34 09/30/23 9,680,227 6,292,253 3,387,973 829,776 49,127
1. EXCL XL Axiata Tbk. 26.74 1.16 1.46 2.10 0.30 0.43
2. SUPR Solusi Tunas Pratama Tbk. 47.02 8.49 8.10 18.60 0.56 1.30
3. TBIG Tower Bersama Infrastructure Tbk. 28.82 3.91 2.66 3.59 0.26 0.35
4. FREN Smartfren Telecom Tbk. -14.23 1.10 -1.31 -1.95 0.33 0.49
5. IBST Inti Bangun Sejahtera Tbk. 315.42 1.15 0.51 1.45 0.65 1.86

EXCL XL Axiata Tbk

Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 EXCL*
0.87%
IHSG
5.39%
LQ45
4.03%
Sector**
*Adjusted Close Price; **Infrastructures
Highest 2,350 2,090 2,010 2,010 2,120 2,270 2,560 2,490 2,440 2,220 2,140 2,430
Lowest 2,090 1,870 1,750 1,730 1,930 1,960 2,240 2,280 2,050 2,030 1,895 2,000
Close 2,090 1,980 1,750 1,985 1,955 2,270 2,500 2,380 2,270 2,120 2,000 2,320
Adj. Close* 2,090 1,980 1,750 1,985 1,955 2,270 2,500 2,380 2,270 2,120 2,000 2,320
Growth (%) -5.26% -11.62% 13.43% -1.51% 16.11% 10.13% -4.80% -4.62% -6.61% -5.66% 16.00%
Volume (mill.) 382.04 397.33 408.86 639.95 331.47 447.65 610.14 405.80 316.36 306.18 445.16 657.98
Value (bill.) 864.98 800.75 745.62 1,215.58 668.51 944.94 1,442.11 961.79 715.89 649.34 891.50 1,471.12
Frequency (th.) 97.95 82.78 89.58 111.36 74.21 83.53 80.45 78.24 63.19 64.35 77.08 96.47
Days 20 21 14 21 17 20 22 20 22 22 19 22
Price (IDR) 2019 2020 2021 2022 2023 Industry: Wireless Telecommunication Services
Lowest 1,980 1,410 1,980 2,010 1,730
Close 3,150 2,730 3,170 2,140 2,000 1. EXCL 2.2% 16.0% 0.9% 4.5% 6.9%
Adj. Close* 3,150 2,730 3,170 2,140 2,000 2. SUPR 17.4% 0.0% 17.4% 838.8% 486.8%
Growth (%) -13% 16% -32% -7% 3. TBIG 1.0% -6.7% -7.1% -12.9% 98.2%
4. FREN -12.3% 0.0% -26.5% -7.4% -66.0%
Shares Traded 2019 2020 2021 2022 2023 5. IBST 0.9% -4.5% -13.4% -39.7% -39.9%
Volume 4,816 7,105 7,842 5,180 5,030
Value 14,106 17,576 20,375 13,565 10,684 Note:
Frequency 838 1,314 1,424 1,139 999 Base date: 6M = Jul 31, 2023; YTD = Dec 29, 2023; 1Y = Jan 31, 2023; 3Y = Jan 29, 2021; 5Y = Jan 31, 2019;
Index Membership

1. BISNIS-27 11. IDXSMC-LIQ 21. 31.
2. COMPOSITE 12. Investor33 22. 32.
3. ESGQKEHATI 13. ISSI 23. 33.
4. ESGSKEHATI 14. JII 24. 34.
5. IDX80 15. JII70 25. 35.
6. IDXG30 16. KOMPAS100 26. 36.
7. IDXINFRA 17. LQ45 27. 37.
8. IDXLQ45LCL 18. MBX 28. 38.
9. IDXSHAGROW 19. MNC36 29. 39.
10. IDXSMC-COM 20. SMinfra18 30. 40.

EXCL XL Axiata Tbk

Date: 31 Jan 2024 v2.0.0

Cash & Cash Equivalents 1,603,445 2,965,589 2,664,387 5,184,113 966,027
Trade receivables 662,944 450,362 524,505 738,169 1,385,785 Total Asset & Liabilities (Bill. Rp)
Inventories 74,608 143,377 156,440 408,186 377,884 Asset Liabilities
100
Current Assets 7,145,648 7,571,123 7,733,191 10,408,358 7,173,511
90
- - - - - -
Fixed Asset 42,081,680 47,162,250 51,912,214 60,473,629 63,890,454 80
- - - - - - 70
Total Assets 62,725,242 67,744,797 72,753,282 87,277,780 87,688,084 60
Trade Payable 8,042,098 7,378,931 10,637,997 11,337,283 9,382,500 50
Curr. Maturities - Bank Loans 4,076,202 727,795 877,461 5,342,445 415,892 40

- - - - - - 30
Curr. Maturities - Sukuk 1,075,440 398,417 676,650 148,869 397,965 20
Long-term Bonds Payable 992,449 544,526 354,069 1,715,691 1,677,304 2019 2020 2021 2022 2023
Long-term Sukuk 2,088,832 1,692,167 1,016,533 2,360,826 1,964,422
Common Stocks 1,068,796 1,070,601 1,072,467 1,312,843 1,312,843
26,505
Par Value 100 100 100 100 100

19,122 19,137
Total Equity 19,121,966 19,137,366 20,088,745 25,774,226 26,504,776
Revenues 25,132,628 26,009,095 26,754,050 29,141,994 32,322,651
- - - - - -
Operating Profit/Loss -1,914,297 -1,560,744 -1,536,159 -2,876,477 -3,172,220
EBT 1,144,117 146,211 1,707,540 1,353,030 1,704,517
Tax -431,538 225,387 -419,733 -231,842 -420,069
2019 2020 2021 2022 2023
32,323
26,754
26,009

Net Cash - Financing -3,090,754 -7,090,575 -5,333,962 -91,372 -9,935,085
Net Increase/Decrease in C&CE 573,860 1,360,963 -301,668 2,517,659 -4,216,147
C&CE, end of period 1,603,445 2,965,589 2,664,387 5,184,113 966,027
Current Ratio (%) 0.34 0.40 0.37 0.39 0.36
DAR (x) 0.70 0.72 0.72 0.70 0.70
DER (x) 2.28 2.54 2.62 2.39 2.31
EPS (IDR) -248.29 213.82 -64.06 100.46 86.75 2019 2020 2021 2022 2023
PER (x) -12.69 12.77 -49.49 21.30 23.06

PBV (x) 1.76 1.53 1.69 1.04 0.99
ROA (%) 1.14 0.55 1.77 1.28 1.46 1,288 1,284
ROE (%) 3.73 1.94 6.41 4.35 4.85
1,121
GPM (%) n.a. n.a. n.a. n.a. n.a.
OPM (%) -7.62 -6.00 -5.74 -9.87 -9.81
NPM (%) 2.84 1.43 4.81 3.85 3.97
713
DPS (IDR) 0.00 20.00 31.70 51.00 42.00
DPR (%) 0.00 9.35 n.a. 50.77 48.42
Dividend Yield (%) 0.00 0.73 1.00 2.38 2.10 372
2019 2020 2021 2022 2023

GGRM
Gudang Garam Tbk

GGRM Gudang Garam Tbk

Date: 31 Jan 2024 v2.0.0

PT Gudang Garam Tbk has a main business field of Cigarette industry. The Established Listing Date IPO Price (IDR) IPO Lead Underwriter
company's President Director and President Commisioner are Susilo Danareksa Sekuritas
Wonowidjojo and Juni Setiawati Wonowidjojo. The largest shareholder of the 26 Jun 1958 27 Aug 1990 10,250
company is PT. SURYADUTA INVESTAMA (69.29%). The percentage of public
biggest subsidiaries is PT Surya Dhoho Investama.
https://www.idx.co.id/en/listed-companies/company-profiles/GGRM

Domestic 7,757.0 530.3
Foreign 2,149.4 206.4 D Consumer Non-Cyclicals D31 Tobacco
Others 17.73% 14.07% D3 Tobacco D311 Tobacco
Year 2023 YTD 2024
Total 9,906.4 736.6
Fundamental & ESG
YTD 2024
6.60x 0.63x 41.77 Severe
D 184.56 121.5 306.0
-460.0 -81.8
Buy

D 3,065.1 1,043.4 4,108.5 "Foreign Buy-Domestic Sell" minus "Foreign Sell- GGRM Sector PER Market PER
Domestic Buy".
14.50x 12.82x

2023 F - Rp1200.00 10-Jul-23 11-Jul-23 18-Jul-23 1996 - 03-Jun-96 19,000 2:1 9,500 0.500
2022 F - Rp2250.00 11-Jul-22 12-Jul-22 28-Jul-22 1996 - 26-Apr-96 32,775 1:1 16,400 0.500
2021 F - Rp2600.00 19-Jul-21 21-Jul-21 29-Jul-21 - - - - - - -
2021 F - Rp2600.00 19-Jul-21 21-Jul-21 29-Jul-21 - - - - - - -
2019 F - Rp2600.00 05-Jul-19 08-Jul-19 25-Jul-19 - - - - - - -
Industry Peers
1. GGRM Gudang Garam Tbk. 37,904.53 09/30/23 86,673,557 60,004,232 26,669,325 81,748,573 4,457,172
2. INDF Indofood Sukses Makmur 55,975.22 09/30/23 188,808,065 99,378,260 89,429,805 83,888,200 9,802,406
3. MYOR Mayora Indah Tbk. 52,542.94 12/31/23 23,870,405 15,282,089 8,588,316 31,485,008 3,244,872
4. CMRY Cisarua Mountain Dairy Tbk. 33,325.67 12/31/23 7,046,857 5,941,328 1,105,529 7,772,910 1,241,780
5. ULTJ Ultra Jaya Milk Industry & 19,641.00 09/30/23 7,714,774 6,444,569 1,270,205 6,118,340 951,109
1. GGRM Gudang Garam Tbk. 6.60 0.63 5.14 16.71 0.69 2.25
2. INDF Indofood Sukses Makmur Tbk. 6.36 0.56 5.19 10.96 0.53 1.11
3. MYOR Mayora Indah Tbk. 18.22 3.73 13.59 37.78 0.64 1.78
4. CMRY Cisarua Mountain Dairy Tbk. 29.02 5.88 17.62 112.32 0.84 5.37
5. ULTJ Ultra Jaya Milk Industry & Trading 18.44 3.05 12.33 74.88 0.84 5.07


Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 GGRM*
-14.35%
IHSG
5.39%
LQ45
4.03%
Sector**
Highest 27,200 26,775 28,450 29,800 28,725 29,000 27,500 25,300 26,650 22,600 21,050 21,025
Lowest 23,300 23,900 24,300 27,000 27,400 27,300 24,050 24,025 23,275 21,075 20,000 19,700
Close 25,000 26,000 28,450 27,000 27,625 27,925 24,050 24,600 23,275 21,125 20,325 19,700
Adj. Close* 25,000 26,000 28,450 27,000 27,625 27,925 24,050 24,600 23,275 21,125 20,325 19,700
Growth (%) 4.00% 9.42% -5.10% 2.31% 1.09% -13.88% 2.29% -5.39% -9.24% -3.79% -3.08%
Volume (mill.) 55.59 40.22 30.35 54.95 37.07 46.53 39.32 25.18 47.99 37.41 22.19 18.03
Value (bill.) 1,422.21 1,022.79 801.32 1,545.12 1,039.39 1,302.28 1,006.62 615.98 1,205.28 819.79 455.13 368.32
Frequency (th.) 93.70 67.25 48.66 73.77 60.52 64.32 63.55 39.33 65.12 51.13 28.11 27.67
Days 20 21 14 21 17 20 22 20 22 22 19 22
Price (IDR) 2019 2020 2021 2022 2023 Industry: Tobacco

Lowest 49,225 32,900 30,200 18,000 16,600
Close 53,000 41,000 30,600 18,000 20,325 1. GGRM -29.5% -3.1% -14.3% -47.8% -76.4%
Adj. Close* 53,000 41,000 30,600 18,000 20,325 2. INDF -13.0% -1.2% -5.2% 5.4% -17.7%
Growth (%) -23% -25% -41% 13% 3. MYOR -2.9% -5.6% -0.8% -15.8% -8.9%
4. CMRY -0.2% 4.7% -7.3% n.a. n.a.
Shares Traded 2019 2020 2021 2022 2023 5. ULTJ -11.7% 6.3% 15.6% 12.6% 42.9%
Volume 426 437 345 334 479
Value 29,563 20,257 12,809 8,635 12,086 Note:
Frequency 974 942 689 560 724 Base date: 6M = Jul 31, 2023; YTD = Dec 29, 2023; 1Y = Jan 31, 2023; 3Y = Jan 29, 2021; 5Y = Jan 31, 2019;
Index Membership
No. Index Code

1. COMPOSITE 11. 21. 31.
2. IDX80 12. 22. 32.
3. IDXNONCYC 13. 23. 33.
4. IDXQ30 14. 24. 34.
5. IDXSMC-COM 15. 25. 35.
6. IDXSMC-LIQ 16. 26. 36.
7. IDXV30 17. 27. 37.
8. KOMPAS100 18. 28. 38.
9. LQ45 19. 29. 39.
10. MBX 20. 30. 40.


Date: 31 Jan 2024 v2.0.0

100
Current Assets 52,081,133 49,537,929 59,312,578 55,445,127 51,634,400
90
- - - - - -
Fixed Asset 25,373,983 27,678,244 29,823,806 32,426,439 34,309,100 80
- - - - - - 70
Total Assets 78,647,274 78,191,409 89,964,369 88,562,617 86,673,600 60
Trade Payable 1,297,463 1,123,703 1,002,233 1,308,958 1,073,986 50
Curr. Maturities - Bank Loans 20,000 20,000 32,000 23,077 - 40

- - - - - - 30
- - - - - - 20
Long-term Bank Loans 176,667 156,667 122,667 65,385 - -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 962,044 962,044 962,044 962,044 962,044
59,288
Par Value 500 500 500 500 500 58,522
57,856
Total Equity 50,930,758 58,522,468 59,288,274 57,855,966 60,004,200
Revenues 110,523,819 114,477,311 124,881,266 124,682,692 81,748,600
50,931
Gross Profit 22,783,255 17,388,244 14,272,611 11,095,603 11,417,900
EBT 14,487,736 9,663,133 7,286,846 3,646,521 5,751,760
Tax -3,607,032 -2,015,404 -1,681,525 -866,779 -1,294,580
2019 2020 2021 2022 2023
124,881 124,683
110,524
81,749
Net Increase/Decrease in C&CE 1,850,163 1,309,448 -993,629 -77,276 -150,166
C&CE, end of period 3,571,886 4,774,272 4,169,740 4,407,033 4,237,260
Current Ratio (%) 2.06 2.91 2.09 1.90 2.04
DAR (x) 0.35 0.25 0.34 0.35 0.31
DER (x) 0.54 0.34 0.52 0.53 0.44
EPS (IDR) 4,819.90 4,825.49 3,188.56 1,542.72 2,656.75 2019 2020 2021 2022 2023
PER (x) 11.00 8.50 9.60 11.67 9.26

PBV (x) 2.00 1.35 0.99 0.60 0.65
ROA (%) 13.83 9.78 6.23 3.14 5.14 10,881
ROE (%) 21.36 13.07 9.45 4.80 7.43
GPM (%) 20.61 15.19 11.43 8.90 13.97
OPM (%) 13.38 8.57 5.70 3.02 7.31 7,648
NPM (%) 9.84 6.68 4.49 2.23 5.45
DPS (IDR) 2,600.00 0.00 5,200.00 2,250.00 1,200.00 5,605
DPR (%) 53.94 0.00 163.08 145.85 45.17 4,457
Dividend Yield (%) 4.91 0.00 16.99 12.50 5.90 2,780
2019 2020 2021 2022 2023

GOTO
GoTo Gojek Tokopedia Tbk

GOTO GoTo Gojek Tokopedia Tbk

Date: 31 Jan 2024 v2.0.0

PT GoTo Gojek Tokopedia Tbk has a main business field of Parent companies Established Listing Date IPO Price (IDR) IPO Lead Underwriter
and digital platform providers that integrate on-demand services, e-commerce Indo Premier
and digital products, as well as financial technology services directly or indirectly 10 Dec 2015 11 Apr 2022 338 Sekuritas
through entities within the company. The company's President Director and
President Commisioner are Sugito Walujo and Agus D.W. Martowardojo. The Stock Overview
largest shareholder of the company is Public (<5%) (63.04%). The company has
16 subsidiaries. One of the biggest subsidiaries is PT Tokopedia. Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
For more information click here: #N/A 105,724,050,329,568 111,580,382,620,155
https://www.idx.co.id/en/listed-companies/company-profiles/GOTO
Trading by Investor Types 1,201,409,662,836 0.93% 4.33%

Domestic 74,132.4 8,153.7
61% Institution 12.78% 12.73%
Foreign 30,150.8 2,017.0 I Technology I11 Online Applications & Services
39%
Year 2023 YTD 2024
Total 104,283.2 10,170.7
Fundamental & ESG
YTD 2024
-3.67x 0.91x 21.12 Medium
D 3,394.05 732.5 4,126.5
-3,554.4 -99.3
Buy

D 26,928.3 11,915.1 38,843.4 "Foreign Buy-Domestic Sell" minus "Foreign Sell- GOTO Sector PER Market PER
Domestic Buy".
19.43x 12.82x

- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
Industry Peers
1. GOTO GOTO Gojek Tokopedia Tbk 105,724.05 12/31/23 54,097,256 35,720,000 18,377,256 14,785,492 -90,518,726
1. GOTO GOTO Gojek Tokopedia Tbk -3.67 0.91 -167.33 -492.56 0.66 1.94


Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 GOTO*
-21.43%
IHSG
5.39%
LQ45
4.03%
Sector**
Highest 125 130 110 147 127 118 112 95 85 97 109 92
Lowest 105 108 91 100 110 106 84 85 56 62 85 78
Close 118 109 104 147 110 113 96 85 60 97 86 88
Adj. Close* 118 109 104 147 110 113 96 85 60 97 86 88
Growth (%) -7.63% -4.59% 41.35% -25.17% 2.73% -15.04% -11.46% -29.41% 61.67% -11.34% 2.33%
Volume (mill.) 84,395.72 99,486.47 52,407.41 167,284.57 74,612.22 46,407.78 73,953.84 43,321.91 108,159.62 126,568.37 178,040.31 60,773.78
Value (bill.) 9,733.53 11,643.57 4,940.56 20,674.03 8,666.43 6,090.06 6,699.11 3,850.08 7,107.79 10,188.24 16,901.62 5,085.35
Frequency (th.) 600.02 543.64 398.09 596.17 423.21 301.98 604.57 364.83 601.78 659.48 1,138.25 369.43
Days 20 21 14 21 17 20 22 20 22 22 19 22
Highest - - - 404 147 No. Code 6M YTD 1Y 3Y 5Y
Lowest - - - 82 56
Close - - - 91 86 1. GOTO -22.1% 2.3% -21.4% n.a. n.a.
Adj. Close* - - - 91 86 2. BELI 5.7% -0.4% 4.3% n.a. n.a.
Growth (%) 0% 0% 0% -5% 3. EMTK -28.6% -21.4% -57.0% -75.6% -46.7%
4. BUKA -11.1% -11.1% -33.8% n.a. n.a.
Shares Traded 2019 2020 2021 2022 2023 5. MCAS -52.8% -11.5% -47.3% -10.5% 19.6%
Volume - - - 419,270 1,124,777
Value - - - 98,847 113,890 Note:
Frequency - - - 5,938 6,793 Base date: 6M = Jul 31, 2023; YTD = Dec 29, 2023; 1Y = Jan 31, 2023; 3Y = Jan 29, 2021; 5Y = Jan 31, 2019;
Days - - - 179 239 *Adjusted price refers to the close price after adjustments for any applicable corporate actions.
Index Membership

1. COMPOSITE 11. LQ45 21. 31.
2. IDX30 12. MBX 22. 32.
3. IDX80 13. 23. 33.
4. IDXESGL 14. 24. 34.
5. IDXLQ45LCL 15. 25. 35.
6. IDXTECHNO 16. 26. 36.
7. ISSI 17. 27. 37.
8. JII 18. 28. 38.
9. JII70 19. 29. 39.
10. KOMPAS100 20. 30. 40.


Date: 31 Jan 2024 v2.0.0

Cash & Cash Equivalents - - 31,150,908 29,009,200 25,143,935
Trade receivables - - 506,941 627,292 601,244 Total Asset & Liabilities (Bill. Rp)
Inventories - - 34,497 142,486 142,852 Asset Liabilities
180
Current Assets - - 36,063,697 34,180,500 33,617,291
- - - - - - 160
Fixed Asset - - 1,470,250 1,457,340 12,158,826 140

- - - - - - 120
Total Assets - - 155,137,033 139,217,000 54,097,256
100
Trade Payable - - 867,383 1,232,314 1,341,240
80
Curr. Maturities - Bank Loans - - 1,409,607 413,259 414,980
- - - - - - 60
- - - - - - 40
Current Liabilities - - 12,293,693 12,162,500 12,822,544 20

Long-term Bank Loans - - - 1,102,050 678,538 -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Total Liabilities - - 16,112,589 16,493,200 18,377,256
Common Stocks - - 1,143,749 1,184,360 1,201,410
Paid up Capital (Shares) - - 1,143,749 1,184,364 1,201,410 139,024
Par value **
A, B, C, D, G, K, & N 50.000; E, H, L, &
- O 1.000; F, I, J,- M, & P 500.002 A, B Rp1 A, B Rp1 122,723
Retained earnings - - -79,129,324 -118,481,000 -208,928,904
Total Equity - - 139,024,444 122,723,000 35,720,000
Revenues - - 4,535,764 11,349,200 14,785,492
Gross Profit - - 760,045 5,869,200 9,692,313
35,720
Operating Profit/Loss - - -22,384,656 -30,329,700 -10,278,970
Interest & Finance Costs - - -263,732 232,863 369,285
EBT - - -22,211,302 -40,544,600 -90,634,418 - -
Tax - - -217,940 136,064 115,692
2019 2020 2021 2022 2023
Profit/Loss for the period - - -22,429,242 -40,408,500 -90,518,726
Profit/Loss Period Attributable - - -21,390,932 -39,571,200 -90,395,629
Comprehensive Income - - -22,531,192 -40,266,300 -90,410,707 Total Revenue (Bill. Rp)
Comprehensive Attributable - - -21,494,265 -39,406,800 -90,299,292
14,785
Net Cash - Operating - - -14,691,398 -17,206,300 -4,325,308 11,349
Net Cash - Investing - - -91,250,751 1,134,280 -1,472,030
Net Cash - Financing - - 121,530,628 13,374,300 1,732,508
Net Increase/Decrease in C&CE - - 15,588,479 -2,697,740 -4,064,830
C&CE, end of period - - 31,150,908 29,009,200 25,143,935
4,536
Current Ratio (%) n.a. n.a. 2.93 2.81 2.62
DAR (x) n.a. n.a. 0.10 0.12 0.34 - -
DER (x) n.a. n.a. 0.12 0.13 0.51
EPS (IDR) n.a. n.a. n.a. -25.44 -23.97 2019 2020 2021 2022 2023
PER (x) n.a. n.a. 0.00 -3.58 -3.59

BV (IDR) n.a. n.a. n.a. 104 30 Profit/Loss for the Period (Bill. Rp)
PBV (x) n.a. n.a. n.a. 0.88 2.89
- -
ROA (%) n.a. n.a. -14.46 -29.03 -167.33
ROE (%) n.a. n.a. -16.13 -32.93 -253.41
GPM (%) n.a. n.a. 16.76 51.71 65.55
OPM (%) n.a. n.a. -493.51 -267.24 -69.52 -22,429
NPM (%) n.a. n.a. -494.50 -356.05 -612.21
DPS (IDR) 0.00 0.00 0.00 0.00 0.00 -40,409
DPR (%) n.a. n.a. n.a. 0.00 0.00

Dividend Yield (%) n.a. n.a. n.a. 0.00 0.00
No. of Listed Shares, million n.a n.a n.a 1,184,364 1,201,410
-90,519
Market Capitalization, billion IDR n.a n.a n.a 107,777 103,321
2019 2020 2021 2022 2023
** Par value: (i) Rp50.000 (A, B, C, D, G, K, & N series); (ii) Rp1.000 (E, H, L, & O series); (iii) Rp500.000 (F, I, J, M, & P series)

HRUM
Harum Energy Tbk

HRUM Harum Energy Tbk

Date: 31 Jan 2024 v2.0.0

PT Harum Energy Tbk has a main business field of Operate and invest in coal Established Listing Date IPO Price (IDR) IPO Lead Underwriter
mining, trade and services through a subsidiary. The company's President Ciptadana Securities
Director and President Commisioner are Ray Antonio Gunara and Lawrence 12 Oct 1995 06 Oct 2010 5,200
Barki. The largest shareholder of the company is PT Karunia Bara Perkasa
(79.79%). The percentage of public shareholding (<5%) is 18.62%. The company Stock Overview
has 11 subsidiaries. One of the biggest subsidiaries is PT Harum Nickel Perkasa.
https://www.idx.co.id/en/listed-companies/company-profiles/HRUM

Domestic 6,444.2 556.5
Foreign 1,202.2 78.9 A Energy A12 Coal
Year 2023 YTD 2024
Total 7,646.4 635.4
Fundamental & ESG
YTD 2024
5.78x 0.91x 44.69 Severe
D 242.93 38.2 281.1
147.5 -5.8
Buy

D 2,707.4 441.0 3,148.4 "Foreign Buy-Domestic Sell" minus "Foreign Sell- HRUM Sector PER Market PER
Domestic Buy".
8.79x 12.82x

2023 I - Rp75.10 14-Dec-22 15-Dec-22 03-Jan-23 2022 - 02-Jun-22 11,875 5:1 2,380 0.200
2022 F - Rp15.02 15-Jun-22 16-Jun-22 28-Jun-22 - - - - - - -
2021 F - Rp39.58 17-Jun-21 18-Jun-21 09-Jul-21 - - - - - - -
2019 F - Rp38.96 27-May-19 28-May-19 19-Jun-19 - - - - - - -
2018 F - Rp248.58 04-Jun-18 06-Jun-18 22-Jun-18 - - - - - - -
Industry Peers
1. HRUM Harum Energy Tbk. 15,883.77 09/30/23 22,849,886 17,470,264 5,379,623 9,949,550 2,244,885
2. PTBA Bukit Asam Tbk. 30,068.92 12/31/23 38,765,189 21,563,196 17,201,993 38,488,867 6,292,521
3. MCOL Prima Andalan Mandiri Tbk. 20,622.25 12/31/23 11,500,140 9,042,042 2,458,099 14,158,345 3,626,803
4. BSSR Baramulti Suksessarana Tbk. 9,681.05 09/30/23 6,977,782 3,498,481 3,479,301 13,264,946 1,944,969
5. ABMM ABM Investama Tbk. 9,388.29 09/30/23 35,164,395 12,161,871 23,002,524 17,555,991 3,923,965
1. HRUM Harum Energy Tbk. 5.78 0.91 9.82 41.73 0.76 3.25
2. PTBA Bukit Asam Tbk. 4.74 1.55 16.23 36.58 0.56 1.25
3. MCOL Prima Andalan Mandiri Tbk. 4.75 2.25 31.54 147.55 0.79 3.68
4. BSSR Baramulti Suksessarana Tbk. 3.62 2.77 27.87 55.90 0.50 1.01
5. ABMM ABM Investama Tbk. 1.83 0.77 11.16 17.06 0.35 0.53


Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 HRUM*
-32.08%
IHSG
5.39%
LQ45
4.03%
Sector**
Highest 1,745 1,690 1,585 1,470 1,505 1,705 1,685 1,885 1,820 1,525 1,400 1,385
Lowest 1,575 1,390 1,485 1,250 1,385 1,490 1,560 1,575 1,600 1,385 1,265 1,150
Close 1,630 1,460 1,510 1,410 1,420 1,660 1,560 1,885 1,615 1,385 1,335 1,175
Adj. Close* 1,630 1,460 1,510 1,410 1,420 1,660 1,560 1,885 1,615 1,385 1,335 1,175
Growth (%) -10.43% 3.42% -6.62% 0.71% 16.90% -6.02% 20.83% -14.32% -14.24% -3.61% -11.99%
Volume (mill.) 379.31 332.30 217.86 353.76 245.49 372.97 309.83 630.18 475.89 242.24 250.39 250.18
Value (bill.) 620.90 516.30 337.33 471.49 353.62 592.46 501.73 1,112.86 811.80 355.19 331.08 317.68
Frequency (th.) 72.72 67.84 45.45 72.37 45.23 79.71 69.91 116.28 112.36 61.45 54.25 61.22
Days 20 21 14 21 17 20 22 20 22 22 19 22
Lowest 1,255 1,080 2,960 1,360 1,250
Close 1,320 2,980 10,325 1,620 1,335 1. HRUM -29.2% -12.0% -32.1% 20.9% 235.7%
Adj. Close* 264 596 2,065 324 1,335 2. PTBA -5.8% 7.0% -23.2% 1.2% -39.4%
Growth (%) 126% 246% -84% 312% 3. MCOL 12.6% 2.7% -12.5% n.a. n.a.
4. BSSR -1.9% -4.1% -8.9% 156.9% 56.1%
Shares Traded 2019 2020 2021 2022 2023 5. ABMM -6.8% 0.3% 8.3% 376.9% 52.2%
Volume 755 737 2,450 11,408 4,239
Value 1,149 1,620 17,192 35,597 6,715 Note:
Index Membership

1. COMPOSITE 11. LQ45 21. 31.
2. IDX80 12. MBX 22. 32.
3. IDXENERGY 13. MNC36 23. 33.
4. IDXQ30 14. PEFINDO25 24. 34.
5. IDXSMC-COM 15. 25. 35.
6. IDXSMC-LIQ 16. 26. 36.
7. IDXV30 17. 27. 37.
8. ISSI 18. 28. 38.
9. JII70 19. 29. 39.
10. KOMPAS100 20. 30. 40.


Date: 31 Jan 2024 v2.0.0

Trade receivables 316,596 126,711 323,708 1,080,237 1,351,544 Total Asset & Liabilities (Bill. Rp)
Inventories 226,720 168,458 303,819 1,347,124 2,356,006 Asset Liabilities
25
Current Assets 4,021,597 3,518,574 3,533,173 8,096,770 9,225,172
- - - - - -
Fixed Asset 1,044,602 951,005 838,263 52 170 20
- - - - - -
Total Assets 6,233,442 7,034,195 12,479,976 19,939,206 22,849,830 15
Trade Payable 251,816 70,853 247,398 325,309 1,452,446

Curr. Maturities - Bank Loans - - 237,722 - - 10
- - - - - -
- - - - - - 5
Current Liabilities 436,068 349,262 1,149,761 3,519,395 3,304,399
Long-term Bank Loans - - 1,177,942 - - -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Total Liabilities 661,250 619,288 3,195,555 4,467,623 5,379,626
Common Stocks 402,692 407,312 412,048 450,253 447,221
Par Value 100 100 100 20 20 15,472
Total Equity 5,572,192 6,414,906 9,284,421 15,471,521 17,470,265
Revenues 3,661,827 2,226,038 4,796,888 14,101,997 9,949,546
6,415
Gross Profit 941,694 609,859 2,492,144 8,442,990 4,637,396 5,572
Operating Profit/Loss 331,398 86,765 1,886,645 6,863,424 3,616,050
EBT 357,381 905,138 1,819,889 7,445,913 3,068,532
Tax -76,771 -54,714 -415,054 -1,524,509 -823,640
2019 2020 2021 2022 2023
14,102
Net Cash - Operating 329,127 673,438 1,847,978 6,214,831 3,275,423
Net Cash - Investing -61,791 -825,609 -3,927,244 -1,608,892 -3,112,252 9,950
Net Cash - Financing -126,754 -64,940 1,197,787 -1,157,238 -1,468,484
Net Increase/Decrease in C&CE 140,582 -217,111 -881,480 3,448,701 -1,305,306
C&CE, end of period 3,158,866 2,977,998 2,131,144 5,777,444 4,433,231
4,797
Ratios Dec 2019 Dec 2020 Dec 2021 Dec 2022 Sep 2023 3,662
Current Ratio (%) 9.22 10.07 3.07 2.30 2.79 2,226
DAR (x) 0.11 0.09 0.26 0.22 0.24

DER (x) 0.12 0.10 0.34 0.29 0.31
EPS (IDR) 129.70 153.33 364.65 306.03 354.45 2019 2020 2021 2022 2023
PER (x) 10.18 19.43 28.32 5.29 5.32

PBV (x) 0.64 1.26 3.01 1.42 1.03
ROA (%) 4.50 12.09 11.24 29.70 9.82
ROE (%) 5.04 13.26 15.11 38.27 12.85 5,921
GPM (%) 25.72 27.40 51.95 59.87 46.61

OPM (%) 9.05 3.90 39.33 48.67 36.34
NPM (%) 7.66 38.20 29.24 41.99 22.56
DPS (IDR) 38.96 0.00 39.58 15.02 75.10
DPR (%) 30.04 0.00 10.85 4.91 21.19 2,245
Dividend Yield (%) 2.95 0.00 0.38 0.93 5.63
1,402
Miscellaneous Dec 2019 Dec 2020 Dec 2021 Dec 2022 Sep 2023 850
281
2019 2020 2021 2022 2023

ICBP
Indofood CBP Sukses Makmur Tbk

ICBP Indofood CBP Sukses Makmur Tbk

Date: 31 Jan 2024 v2.0.0

PT Indofood CBP Sukses Makmur Tbk has a main business field of Branded Established Listing Date IPO Price (IDR) IPO Lead Underwriter
food product industry. The company's President Director and President Kim Eng Securities
Commisioner are Anthoni Salim and Franciscus Welirang. The largest 02 Sep 2009 07 Oct 2010 5,395
shareholder of the company is PT INDOFOOD SUKSES MAKMUR Tbk
has 10 subsidiaries. One of the biggest subsidiaries is Pinehill Company Limited
dan Entitas Anak. Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
https://www.idx.co.id/en/listed-companies/company-profiles/ICBP

Domestic 7,164.1 1,786.9
55% 58% Institution 56.76% 56.07%
Foreign 8,094.7 1,392.2 D Consumer Non-Cyclicals D22 Processed Foods
45% 42% Individual 0.03% 0.17%
Others 20.64% 28.03% D2 Food & Beverage D222 Processed Foods
Year 2023 YTD 2024
Total 15,258.8 3,179.1
Fundamental & ESG
YTD 2024
16.47x 2.21x 35.74 High
D 551.36 354.8 906.2
-405.3 -25.4
Buy

D 1,776.1 2,008.5 3,784.7 "Foreign Buy-Domestic Sell" minus "Foreign Sell- ICBP Sector PER Market PER
Domestic Buy".
14.50x 12.82x

2023 F - Rp188.00 07-Jul-23 10-Jul-23 25-Jul-23 2016 - 27-Jul-16 17,900 2:1 8,950 0.500
2022 F - Rp215.00 02-Aug-22 03-Aug-22 23-Aug-22 - - - - - - -
2021 F - Rp215.00 07-Sep-21 08-Sep-21 28-Sep-21 - - - - - - -
2020 F - Rp215.00 24-Jul-20 27-Jul-20 12-Aug-20 - - - - - - -
2019 F - Rp137.00 17-Jun-19 18-Jun-19 04-Jul-19 - - - - - - -
Industry Peers
1. ICBP Indofood CBP Sukses 137,318.97 09/30/23 118,893,320 62,163,059 56,730,261 51,307,248 8,110,260
2. PANI Pratama Abadi Nusa Industri 75,635.41 12/31/23 33,712,005 19,089,035 14,622,970 2,158,892 780,679
5. GOOD Garudafood Putra Putri Jaya 16,235.08 12/31/23 7,427,708 3,909,211 3,518,497 10,543,573 601,467
1. ICBP Indofood CBP Sukses Makmur Tbk. 16.47 2.21 6.82 14.30 0.52 1.10
2. PANI Pratama Abadi Nusa Industri Tbk. 196.90 9.65 2.32 5.34 0.57 1.31
5. GOOD Garudafood Putra Putri Jaya Tbk. 32.33 4.43 8.10 17.09 0.53 1.11


Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 ICBP*
16.58%
IHSG
5.39%
LQ45
4.03%
Sector**
Highest 10,475 10,100 10,575 11,700 11,550 11,775 11,700 11,350 11,625 11,550 10,975 11,775
Lowest 10,050 9,325 9,975 10,400 11,175 11,175 11,075 10,825 10,275 10,350 10,425 10,625
Close 10,125 9,975 10,575 11,700 11,325 11,200 11,200 11,075 10,350 11,550 10,575 11,775
Adj. Close* 10,125 9,975 10,575 11,700 11,325 11,200 11,200 11,075 10,350 11,550 10,575 11,775
Growth (%) -1.48% 6.02% 10.64% -3.21% -1.10% 0.00% -1.12% -6.55% 11.59% -8.44% 11.35%
Volume (mill.) 77.62 139.05 80.40 281.96 174.57 157.03 120.47 111.16 140.45 119.16 90.29 140.91
Value (bill.) 797.86 1,367.07 817.22 3,115.58 1,973.11 1,804.09 1,364.50 1,234.75 1,521.85 1,254.43 958.35 1,589.55
Frequency (th.) 46.32 77.50 38.73 70.35 53.82 71.51 59.48 59.16 79.26 55.70 46.51 62.08
Days 20 21 14 21 17 20 22 20 22 22 19 22
Price (IDR) 2019 2020 2021 2022 2023 Industry: Processed Foods
Lowest 8,975 8,150 7,750 7,100 9,325
Close 11,150 9,575 8,700 10,000 10,575 1. ICBP 5.1% 11.3% 16.6% 29.4% 9.3%
Adj. Close* 11,150 9,575 8,700 10,000 10,575 2. PANI 185.5% -1.2% 356.6% 64168.2% 41694.0%
Growth (%) -14% -9% 15% 6% 3. INDF -13.0% -1.2% -5.2% 5.4% -17.7%
4. MYOR -2.9% -5.6% -0.8% -15.8% -8.9%
Shares Traded 2019 2020 2021 2022 2023 5. GOOD -6.4% 2.3% -10.2% 80.3% 22.2%
Volume 1,642 2,539 1,749 2,048 1,619
Value 17,379 24,543 15,359 17,735 17,504 Note:
Frequency 629 1,427 1,142 992 721 Base date: 6M = Jul 31, 2023; YTD = Dec 29, 2023; 1Y = Jan 31, 2023; 3Y = Jan 29, 2021; 5Y = Jan 31, 2019;
Index Membership

1. BISNIS-27 11. IDXSHAGROW 21. 31.
5. IDX30 15. JII70 25. 35.
6. IDX80 16. KOMPAS100 26. 36.
7. IDXG30 17. LQ45 27. 37.
8. IDXHIDIV20 18. MBX 28. 38.
9. IDXLQ45LCL 19. MNC36 29. 39.
10. IDXNONCYC 20. SRI-KEHATI 30. 40.


Date: 31 Jan 2024 v2.0.0

140
Current Assets 16,624,925 20,716,223 33,997,637 31,070,365 34,110,000
- - - - - - 120
Fixed Asset 11,342,412 13,351,296 14,175,833 14,520,941 14,390,200
100
- - - - - -
Total Assets 38,709,314 103,588,325 118,066,628 115,305,536 118,893,000 80
Trade Payable 2,635,433 3,045,111 3,585,935 3,702,979 3,206,049
60
Curr. Maturities - Bank Loans 196,001 212,742 322,524 487,311 441,146
- - - - - - 40
- - - - - -

Long-term Bonds Payable - - 38,951,532 42,967,686 42,420,900 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 583,095 583,095 583,095 583,095 583,095
57,473
Par Value 50 50 50 50 50 54,724
50,318
Total Equity 26,671,104 50,318,053 54,723,863 57,473,007 62,163,100
Revenues 42,296,703 46,641,048 56,803,733 64,797,516 51,307,200 26,671
Gross Profit 14,404,013 17,224,375 20,277,240 21,792,286 18,605,300

Interest & Finance Costs -161,444 -670,545 -1,965,784 6,184,961 1,473,660
EBT 7,436,972 9,958,647 9,935,232 7,525,385 10,471,200
Tax -2,076,943 -2,540,073 -2,034,950 -1,803,191 -2,360,900
2019 2020 2021 2022 2023
64,798
46,641
42,297
Net Cash - Financing -1,266,076 26,758,085 5,905,745 -12,826,259 -4,067,600
Net Increase/Decrease in C&CE 3,732,271 1,137,476 10,794,510 -5,527,400 627,613
C&CE, end of period 8,359,164 9,535,418 20,377,977 15,741,068 16,177,400
Current Ratio (%) 2.54 2.26 1.80 3.10 3.49
DAR (x) 0.31 0.51 0.54 0.50 0.48
DER (x) 0.45 1.06 1.16 1.01 0.91
EPS (IDR) 426.73 438.69 651.15 471.56 718.77 2019 2020 2021 2022 2023
PER (x) 26.13 21.83 13.36 21.21 15.41

PBV (x) 4.88 2.22 1.85 2.03 1.98
ROA (%) 13.85 7.16 6.69 4.96 6.82
7,900 8,110
ROE (%) 20.10 14.74 14.44 9.96 13.05 7,419
GPM (%) 34.05 36.93 35.70 33.63 36.26
OPM (%) 17.21 19.55 20.31 19.16 21.74 5,722
5,360
NPM (%) 12.67 15.91 13.91 8.83 15.81
DPS (IDR) 137.00 215.00 215.00 215.00 188.00
DPR (%) 32.10 49.01 33.02 45.59 26.16
Dividend Yield (%) 1.23 2.25 2.47 2.15 1.78
2019 2020 2021 2022 2023

INCO
Vale Indonesia Tbk

INCO Vale Indonesia Tbk

Date: 31 Jan 2024 v2.0.0

PT Vale Indonesia Tbk has a main business field of Nickel ore mining. The Established Listing Date IPO Price (IDR) IPO Lead Underwriter
company's President Director and President Commisioner are Febriany Eddy and Danareksa Sekuritas
Deshnee Naidoo. The largest shareholder of the company is Vale Canada 25 Jul 1968 16 May 1990 9,800
Limited (43.79%). The percentage of public shareholding (<5%) is 21.18%.
Stock Overview
https://www.idx.co.id/en/listed-companies/company-profiles/INCO

Domestic 9,803.2 1,118.2
64%
Foreign 8,024.0 658.2 B Basic Materials B14 Metals & Minerals
36%
Year 2023 YTD 2024
Total 17,827.3 1,776.4
Fundamental & ESG
YTD 2024
9.65x 0.99x N/A -
D 331.81 326.5 658.3
-1,383.3 -198.5
Buy

D 2,828.3 2,764.9 5,593.3 "Foreign Buy-Domestic Sell" minus "Foreign Sell- INCO Sector PER Market PER
Domestic Buy".
11.74x 12.82x

2023 F - $0.00605 16-May-23 17-May-23 31-May-23 2008 - 15-Jan-08 99,000 1000:100 9,900 0.100
2021 F - $0.00333 10-May-21 11-May-21 28-May-21 2004 - 03-Aug-04 34,300 4:1 8,600 0.250
2014 I - $0.01007 01-Dec-14 03-Dec-14 17-Dec-14 - - - - - - -
2013 I - Rp30.14 02-Dec-13 04-Dec-13 18-Dec-13 - - - - - - -
2013 F - $0.00252 15-May-13 17-May-13 31-May-13 - - - - - - -
Industry Peers
2. MBMA Merdeka Battery Materials 71,276.98 09/30/23 49,132,300 33,504,232 15,628,068 13,533,513 415,578
2. MBMA Merdeka Battery Materials Tbk 282.30 2.13 0.85 2.66 0.68 2.14


Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 INCO*
-47.88%
IHSG
5.39%
LQ45
4.03%
Sector**
Highest 7,575 6,925 6,975 7,075 6,600 6,875 6,900 6,000 5,775 4,940 4,450 4,420
Lowest 6,600 6,075 6,375 6,300 6,300 6,250 5,900 5,575 4,950 4,380 4,020 3,860
Close 6,825 6,650 6,975 6,300 6,300 6,875 5,900 5,650 4,950 4,500 4,310 3,870
Adj. Close* 6,825 6,650 6,975 6,300 6,300 6,875 5,900 5,650 4,950 4,500 4,310 3,870
Growth (%) -2.56% 4.89% -9.68% 0.00% 9.13% -14.18% -4.24% -12.39% -9.09% -4.22% -10.21%
Volume (mill.) 218.83 215.09 2,111.28 147.78 90.78 117.23 237.36 189.84 150.38 526.71 413.85 215.56
Value (bill.) 1,515.58 1,375.55 13,546.45 982.34 589.37 762.96 1,474.42 1,109.55 820.19 2,415.01 1,789.33 888.20
Frequency (th.) 93.89 78.20 50.94 61.86 46.48 55.85 85.13 65.57 72.98 117.75 115.88 83.55
Days 20 21 14 21 17 20 22 20 22 22 19 22
Lowest 2,470 1,440 4,150 4,250 4,020
Close 3,640 5,100 4,680 7,100 4,310 1. INCO -43.7% -10.2% -47.9% -29.6% 0.5%
Adj. Close* 3,640 5,100 4,680 7,100 4,310 2. MBMA -11.4% 17.9% n.a. n.a. n.a.
Growth (%) 40% -8% 52% -39% 3. NCKL -3.7% -9.5% n.a. n.a. n.a.
4. ANTM -21.9% -9.1% -32.9% -30.2% 60.6%
Shares Traded 2019 2020 2021 2022 2023 5. BRMS -9.4% -8.8% -15.8% 109.1% 241.8%
Volume 4,276 5,760 5,904 6,164 4,596
Value 14,815 19,070 31,341 40,113 27,686 Note:
Index Membership

1. COMPOSITE 11. IDXSMC-LIQ 21. 31.
2. ESGQKEHATI 12. Investor33 22. 32.
3. ESGSKEHATI 13. ISSI 23. 33.
4. IDX30 14. JII 24. 34.
5. IDX80 15. JII70 25. 35.
6. IDXBASIC 16. KOMPAS100 26. 36.
7. IDXLQ45LCL 17. LQ45 27. 37.
8. IDXQ30 18. MBX 28. 38.
9. IDXSHAGROW 19. MNC36 29. 39.
10. IDXSMC-COM 20. SRI-KEHATI 30. 40.


Date: 31 Jan 2024 v2.0.0

Trade receivables 1,496,229 846,864 1,455,253 2,204,350 1,571,891 Total Asset & Liabilities (Bill. Rp)
50
Current Assets 8,204,025 9,816,685 11,937,103 15,432,993 15,950,324
45
- - - - - -
Fixed Asset 20,463,758 20,863,354 21,674,083 24,165,370 26,177,303 40
- - - - - - 35
Total Assets 30,995,384 32,648,251 35,284,783 41,445,345 45,174,499 30
Trade Payable 1,358,355 1,595,205 1,744,300 1,802,342 2,174,228 25
- - - - - - 20
- - - - - - 15
- - - - - - 10
- - - - - - -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 1,902,279 1,924,105 1,946,477 2,126,951 2,106,080
36,716
Par Value 25 25 25 25 25
28,498
Total Equity 27,076,909 28,497,573 30,742,004 36,715,730 39,593,887 27,077
Revenues 10,905,157 10,786,714 13,600,840 18,390,016 19,024,908
Gross Profit 1,623,951 1,754,366 3,358,409 4,889,137 5,357,688
EBT 1,243,002 1,476,018 3,148,384 4,300,570 5,442,603
Tax -442,559 -307,856 -782,626 -1,175,917 -1,207,160
2019 2020 2021 2022 2023
Profit/Loss for the period 800,443 1,168,162 2,365,757 3,124,652 4,235,443
Comprehensive Attributable 808,336 1,109,852 2,385,791 3,123,374 4,166,785 19,025
18,390
13,601
Net Cash - Financing -340,132 -23,640 -492,523 -23,045 -1,010,344 10,905 10,787
Net Increase/Decrease in C&CE -732,126 1,972,782 1,710,639 2,005,334 1,079,186
C&CE, end of period 3,472,793 5,482,360 7,253,318 9,885,983 10,788,696
Current Ratio (%) 4.31 4.33 4.97 5.65 4.77
DAR (x) 0.13 0.13 0.13 0.11 0.12
DER (x) 0.14 0.15 0.15 0.13 0.14
EPS (IDR) 5.84 195.39 179.69 319.03 400.93 2019 2020 2021 2022 2023
PER (x) 623.56 26.10 26.05 22.25 10.75

PBV (x) 1.34 1.78 1.51 1.92 1.08
ROA (%) 2.58 3.58 6.70 7.54 9.38 4,235
ROE (%) 2.96 4.10 7.70 8.51 10.70

GPM (%) 14.89 16.26 24.69 26.59 28.16
3,125
OPM (%) 13.14 15.30 24.25 24.91 26.36
NPM (%) 7.34 10.83 17.39 16.99 22.26 2,366
DPS (IDR) 0.00 0.00 47.65 0.00 0.00
DPR (%) 0.00 0.00 26.52 0.00 0.00
Dividend Yield (%) 0.00 0.00 1.02 0.00 0.00 1,168
800
2019 2020 2021 2022 2023

INDF
Indofood Sukses Makmur Tbk

INDF Indofood Sukses Makmur Tbk

Date: 31 Jan 2024 v2.0.0

PT Indofood Sukses Makmur Tbk has a main business field of Food and Established Listing Date IPO Price (IDR) IPO Lead Underwriter
Beverages. The company's President Director and President Commisioner are Merincorp SI
Anthoni Salim and Manuel Velez Pangilinan. The largest shareholder of the 14 Aug 1990 14 Jul 1994 6,200
company is FIRST PACIFIC INVESTMENT MANAGEMENT LTD (50.07%). The
percentage of public shareholding (<5%) is 49.93%. The company has 20 Stock Overview
subsidiaries. One of the biggest subsidiaries is PT Indofood CBP Sukses
Makmur Tbk. Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
https://www.idx.co.id/en/listed-companies/company-profiles/INDF

Domestic 7,854.7 936.8
57% 55% Institution 32.22% 20.80%
Foreign 6,338.7 1,030.2 D Consumer Non-Cyclicals D22 Processed Foods
43% 45% Individual 0.20% 1.09%
Others 26.32% 16.06% D2 Food & Beverage D222 Processed Foods
Year 2023 YTD 2024
Total 14,193.4 1,967.0
Fundamental & ESG
YTD 2024
6.36x 0.56x 39.63 High
D 226.92 255.7 482.6
-487.0 -28.4
Buy

D 2,309.1 1,861.7 4,170.8 "Foreign Buy-Domestic Sell" minus "Foreign Sell- INDF Sector PER Market PER
Domestic Buy".
14.50x 12.82x

2023 F - Rp257.00 07-Jul-23 10-Jul-23 26-Jul-23 2000 - 29-Sep-00 4,025 5:1 810 0.200
2022 F - Rp278.00 02-Aug-22 03-Aug-22 24-Aug-22 1997 - 08-Apr-97 5,050 5:1 4,775 0.942
2021 F - Rp278.00 07-Sep-21 08-Sep-21 29-Sep-21 1996 - 12-Aug-96 10,000 2:1 5,000 0.500
2020 F - Rp278.00 24-Jul-20 27-Jul-20 14-Aug-20 - - - - - - -
2019 F - Rp171.00 17-Jun-19 18-Jun-19 08-Jul-19 - - - - - - -
Industry Peers
2. ICBP Indofood CBP Sukses 137,318.97 09/30/23 118,893,320 62,163,059 56,730,261 51,307,248 8,110,260
3. PANI Pratama Abadi Nusa Industri 75,635.41 12/31/23 33,712,005 19,089,035 14,622,970 2,158,892 780,679
5. GOOD Garudafood Putra Putri Jaya 16,235.08 12/31/23 7,427,708 3,909,211 3,518,497 10,543,573 601,467
2. ICBP Indofood CBP Sukses Makmur Tbk. 16.47 2.21 6.82 14.30 0.52 1.10
3. PANI Pratama Abadi Nusa Industri Tbk. 196.90 9.65 2.32 5.34 0.57 1.31
5. GOOD Garudafood Putra Putri Jaya Tbk. 32.33 4.43 8.10 17.09 0.53 1.11


Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 INDF*
-5.20%
IHSG
5.39%
LQ45
4.03%
Sector**
Highest 6,900 6,400 6,500 7,200 7,450 7,450 7,150 7,000 6,875 6,650 6,500 6,450
Lowest 6,475 6,100 6,175 6,500 7,150 7,175 6,975 6,600 6,600 6,325 6,275 6,350
Close 6,475 6,200 6,450 7,100 7,350 7,325 7,100 6,625 6,650 6,425 6,450 6,375
Adj. Close* 6,475 6,200 6,450 7,100 7,350 7,325 7,100 6,625 6,650 6,425 6,450 6,375
Growth (%) -4.25% 4.03% 10.08% 3.52% -0.34% -3.07% -6.69% 0.38% -3.38% 0.39% -1.16%
Volume (mill.) 146.28 190.85 107.06 244.06 190.20 169.83 178.33 209.14 181.69 176.90 139.13 153.32
Value (bill.) 969.96 1,193.18 679.79 1,679.34 1,398.43 1,246.99 1,257.54 1,420.71 1,230.58 1,136.80 886.56 983.52
Frequency (th.) 62.60 81.38 44.79 78.72 60.88 65.15 64.97 80.03 65.69 80.65 60.65 61.99
Days 20 21 14 21 17 20 22 20 22 22 19 22
Price (IDR) 2019 2020 2021 2022 2023 Industry: Processed Foods
Lowest 6,000 5,050 5,975 5,725 6,100
Close 7,925 6,850 6,325 6,725 6,450 1. INDF -13.0% -1.2% -5.2% 5.4% -17.7%
Adj. Close* 7,925 6,850 6,325 6,725 6,450 2. ICBP 5.1% 11.3% 16.6% 29.4% 9.3%
Growth (%) -14% -8% 6% -4% 3. PANI 185.5% -1.2% 356.6% 64168.2% 41694.0%
4. MYOR -2.9% -5.6% -0.8% -15.8% -8.9%
Shares Traded 2019 2020 2021 2022 2023 5. GOOD -6.4% 2.3% -10.2% 80.3% 22.2%
Volume 2,363 3,075 2,403 2,534 2,106
Value 17,050 21,107 15,456 16,345 14,264 Note:
Frequency 738 1,256 967 960 809 Base date: 6M = Jul 31, 2023; YTD = Dec 29, 2023; 1Y = Jan 31, 2023; 3Y = Jan 29, 2021; 5Y = Jan 31, 2019;
Index Membership

4. IDX30 14. JII 24. 34.
5. IDX80 15. JII70 25. 35.
6. IDXG30 16. KOMPAS100 26. 36.
7. IDXHIDIV20 17. LQ45 27. 37.
8. IDXLQ45LCL 18. MBX 28. 38.
9. IDXNONCYC 19. MNC36 29. 39.
10. IDXSHAGROW 20. SRI-KEHATI 30. 40.


Date: 31 Jan 2024 v2.0.0

200
Current Assets 31,403,445 38,418,238 54,183,399 54,876,668 62,692,700
180
Investment Properties 42,188 42,188 42,188 42,188 42,188
Fixed Asset 43,072,504 45,862,919 46,751,821 47,410,528 47,105,900 160
- - - - - - 140
Total Assets 96,198,559 163,136,516 179,356,193 180,433,300 188,808,000 120
Trade Payable 4,521,883 4,407,555 5,157,135 5,372,311 4,551,432 100
Curr. Maturities - Bank Loans 1,016,614 912,918 2,012,532 1,627,501 1,703,710 80

- - - - - - 60
- - - - - - 40
- - - - - -
Common Stocks 878,043 878,043 878,043 878,043 878,043
99,378
Par Value 100 100 100 100 100 93,623
86,632
79,138
Total Equity 54,202,488 79,138,044 86,632,111 93,623,038 99,378,300
Revenues 76,592,955 81,731,469 99,345,618 110,830,272 83,888,200
Gross Profit 22,716,361 26,752,044 32,464,061 33,971,679 26,183,500
EBT 8,749,397 12,426,334 14,456,085 12,318,765 12,819,700
Tax -2,846,668 -3,674,268 -3,252,500 -3,126,196 -3,017,310
2019 2020 2021 2022 2023
110,830

81,731
Net Cash - Investing -583,826 -37,636,597 -6,489,675 -3,862,994 -4,545,330 76,593
Net Cash - Financing -7,660,235 27,285,509 3,852,424 -14,329,188 -949,018

Net Increase/Decrease in C&CE 5,100,433 3,504,409 12,055,390 -4,604,496 2,269,890
C&CE, end of period 13,745,118 17,336,960 29,478,126 25,945,916 28,075,700
Current Ratio (%) 1.27 1.37 1.34 1.79 1.81
DAR (x) 0.44 0.51 0.52 0.48 0.47
DER (x) 0.77 1.06 1.07 0.93 0.90
EPS (IDR) 555.45 584.23 923.95 1,015.48 1,027.81 2019 2020 2021 2022 2023
PER (x) 14.27 11.72 6.85 6.62 6.45

PBV (x) 1.28 0.76 0.64 0.63 0.57
ROA (%) 6.14 5.36 6.25 5.09 5.19 11,204
ROE (%) 10.89 11.06 12.93 9.82 9.86 9,802
GPM (%) 29.66 32.73 32.68 30.65 31.21 9,193
8,752
OPM (%) 12.44 15.49 17.21 16.86 16.84
NPM (%) 7.71 10.71 11.28 8.29 11.69
5,903
DPS (IDR) 171.00 278.00 278.00 278.00 257.00
DPR (%) 30.79 47.58 30.09 27.38 25.00
Dividend Yield (%) 2.16 4.06 4.40 4.13 3.98
2019 2020 2021 2022 2023

INKP
Indah Kiat Pulp & Paper Tbk

INKP Indah Kiat Pulp & Paper Tbk

Date: 31 Jan 2024 v2.0.0

PT Indah Kiat Pulp & Paper Tbk has a main business field of Pulp and paper. Established Listing Date IPO Price (IDR) IPO Lead Underwriter
The company's President Director and President Commisioner are Hendra Jaya Ficorinvest
Kosasih and Saleh Husin , SE, MSi. The largest shareholder of the company is 07 Dec 1976 16 Jul 1990 10,600
PT Purinusa Ekapersada (53.25%). The percentage of public shareholding (<5%)
is 46.75%. Stock Overview
https://www.idx.co.id/en/listed-companies/company-profiles/INKP

Domestic 14,370.9 1,037.8
60% Institution 25.59% 22.80%
71%
Foreign 7,700.9 823.5 B Basic Materials B15 Forestry & Paper
40%
29%
Others 17.91% 31.85% B1 Basic Materials B152 Paper
Year 2023 YTD 2024
Total 22,071.8 1,861.4
Fundamental & ESG
YTD 2024
5.05x 0.47x 27.37 Medium
D 302.54 276.2 578.7
-887.1 -119.6
Buy

D 4,641.1 2,987.9 7,629.0 "Foreign Buy-Domestic Sell" minus "Foreign Sell- INKP Sector PER Market PER
Domestic Buy".
11.74x 12.82x

2023 F - Rp50.00 26-May-23 29-May-23 16-Jun-23 1997 - 27-Jun-97 1,775 50:45 1,410 0.793
2022 F - Rp50.00 21-Jun-22 22-Jun-22 14-Jul-22 1996 - 26-Aug-96 2,225 8:13 1,840 0.826
2021 F - Rp50.00 06-Sep-21 07-Sep-21 29-Sep-21 1996 - 01-Apr-96 1,825 20:5 1,710 0.937
2020 F - Rp50.00 03-Sep-20 04-Sep-20 25-Sep-20 - - - - - - -
2019 F - Rp100.00 08-Jul-19 09-Jul-19 31-Jul-19 - - - - - - -
Industry Peers
1. INKP Indah Kiat Pulp & Paper Tbk. 42,810.44 09/30/23 155,727,747 91,508,192 64,219,556 41,614,514 4,968,772
2. TKIM Pabrik Kertas Tjiwi Kimia 19,457.65 09/30/23 56,297,568 36,357,498 19,940,070 12,585,278 2,076,574
3. INRU Toba Pulp Lestari Tbk. 1,368.05 09/30/23 7,458,833 1,860,856 5,597,977 1,113,237 -239,661
4. KBRI Kertas Basuki Rachmat 434.40 09/30/19 1,012,661 135,948 876,713 383 -33,741
5. SWAT Sriwahana Adityakarta Tbk. 150.96 09/30/23 645,637 212,477 433,160 200,851 -14,664
1. INKP Indah Kiat Pulp & Paper Tbk. 5.05 0.47 3.19 7.74 0.59 1.42
2. TKIM Pabrik Kertas Tjiwi Kimia Tbk. 4.81 0.54 3.69 10.41 0.65 1.82
3. INRU Toba Pulp Lestari Tbk. -2.00 0.74 -3.21 -4.28 0.25 0.33
4. KBRI Kertas Basuki Rachmat Indonesia NA 3.20 -3.33 -3.85 0.13 0.16
5. SWAT Sriwahana Adityakarta Tbk. -2.90 0.71 -2.27 -3.39 0.33 0.49


Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 INKP*
-6.01%
IHSG
5.39%
LQ45
4.03%
Sector**
Highest 8,675 8,000 7,925 7,650 8,500 9,475 10,075 11,550 10,875 8,800 8,575 8,475
Lowest 7,925 6,825 7,275 6,900 7,000 8,400 9,075 9,175 9,300 8,225 7,800 7,600
Close 7,925 7,500 7,775 6,900 8,500 9,150 9,100 11,100 9,600 8,775 8,325 7,825
Adj. Close* 7,925 7,500 7,775 6,900 8,500 9,150 9,100 11,100 9,600 8,775 8,325 7,825
Growth (%) -5.36% 3.67% -11.25% 23.19% 7.65% -0.55% 21.98% -13.51% -8.59% -5.13% -6.01%
Volume (mill.) 101.48 148.22 71.85 115.70 161.44 151.76 203.20 192.59 340.99 194.13 115.50 116.58
Value (bill.) 837.21 1,118.50 542.90 837.53 1,274.63 1,363.43 1,928.82 2,024.52 3,457.49 1,664.59 951.15 930.68
Frequency (th.) 55.11 63.57 38.78 59.64 74.95 69.85 84.12 98.23 111.30 92.93 67.45 61.63
Days 20 21 14 21 17 20 22 20 22 22 19 22
Price (IDR) 2019 2020 2021 2022 2023 Industry: Paper

Lowest 5,500 3,100 6,250 7,275 6,825
Close 7,700 10,425 7,825 8,725 8,325 1. INKP -14.5% -6.0% -6.0% -39.3% -39.8%
Adj. Close* 7,700 10,425 7,825 8,725 8,325 2. TKIM -7.4% -14.4% -14.7% -52.7% -53.6%
Growth (%) 35% -25% 12% -5% 3. INRU 10.1% -1.5% 14.5% -1.5% 11.9%
4. KBRI 0.0% 0.0% 0.0% 0.0% 0.0%
Shares Traded 2019 2020 2021 2022 2023 5. SWAT 0.0% 0.0% 0.0% -49.0% -60.0%
Volume 2,605 2,512 2,376 1,712 1,915
Value 21,602 19,281 23,034 14,436 17,010 Note:
Frequency 1,235 1,077 1,398 954 887 Base date: 6M = Jul 31, 2023; YTD = Dec 29, 2023; 1Y = Jan 31, 2023; 3Y = Jan 29, 2021; 5Y = Jan 31, 2019;
Index Membership

1. BISNIS-27 11. ISSI 21. 31.
3. I-GRADE 13. JII70 23. 33.
4. IDX30 14. KOMPAS100 24. 34.
5. IDX80 15. LQ45 25. 35.
6. IDXBASIC 16. MBX 26. 36.
7. IDXHIDIV20 17. MNC36 27. 37.
8. IDXSMC-COM 18. 28. 38.
9. IDXSMC-LIQ 19. 29. 39.
10. IDXV30 20. 30. 40.


Date: 31 Jan 2024 v2.0.0

180
Current Assets 58,775,065 61,238,169 67,094,664 85,390,477 88,900,955
- - - - - - 160
Fixed Asset 50,960,803 49,385,851 49,451,217 51,346,904 3,212 140

- - - - - - 120
Total Assets 118,561,087 119,839,987 128,113,432 150,318,122 155,727,980
100
Trade Payable 2,472,602 2,761,026 3,307,568 3,294,652 3,184,561
80
- - - - - - 60
Curr. Maturities - Sukuk - - 687,195 1,729,605 1,412,740 40

Long-term Bonds Payable - 4,821,145 10,635,456 12,453,564 14,645,343 2019 2020 2021 2022 2023
Long-term Sukuk - - 1,051,625 2,866,730 4,716,442
Common Stocks 30,525,828 30,876,071 31,235,069 34,131,137 33,901,353
91,508
Par Value 1,000 1,000 1,000 1,000 1,000
Total Equity 55,859,166 59,941,158 67,902,033 87,396,341 91,508,192 59,941
55,859
Revenues 44,946,869 42,117,995 50,178,166 62,409,038 41,614,498
Gross Profit 12,220,045 12,168,482 17,527,983 24,790,329 13,728,234
EBT 5,548,674 5,408,379 9,455,139 16,332,604 6,567,959
Tax -1,722,305 -1,260,931 -1,934,819 -2,963,057 -1,599,188
2019 2020 2021 2022 2023
62,409
Net Cash - Investing 763,196 -2,266,631 -5,711,681 -2,272,051 -4,962,205 44,947
42,118 41,614
Net Cash - Financing -7,830,341 -3,806,446 -1,306,199 -1,016,131 1,323,163
Net Increase/Decrease in C&CE 249,880 1,598,407 2,665,991 3,040,830 4,809,612
C&CE, end of period 10,790,153 12,282,507 15,117,392 19,730,647 24,452,889
Current Ratio (%) 2.30 2.26 2.08 2.45 2.66
DAR (x) 0.53 0.50 0.47 0.42 0.41
DER (x) 1.12 1.00 0.89 0.72 0.70
EPS (IDR) 771.48 866.44 997.39 2,035.15 2,104.90 2019 2020 2021 2022 2023
PER (x) 9.98 12.03 7.85 4.29 5.27

PBV (x) 0.75 0.95 0.63 0.55 0.50
ROA (%) 3.23 3.46 5.87 8.89 3.19
ROE (%) 6.85 6.92 11.08 15.30 5.43 13,370
GPM (%) 27.19 28.89 34.93 39.72 32.99
OPM (%) 17.39 17.79 24.43 28.43 23.05
NPM (%) 8.51 9.85 14.99 21.42 11.94
DPS (IDR) 100.00 50.00 50.00 50.00 50.00 7,520
DPR (%) 12.96 5.77 5.01 2.46 2.38

4,969
Dividend Yield (%) 1.30 0.48 0.64 0.57 0.60 3,826 4,147
2019 2020 2021 2022 2023

INTP
Indocement Tunggal Prakarsa Tbk

INTP Indocement Tunggal Prakarsa Tbk

Date: 31 Jan 2024 v2.0.0

PT Indocement Tunggal Prakarsa Tbk has a main business field of Cement Established Listing Date IPO Price (IDR) IPO Lead Underwriter
production. The company's President Director and President Commisioner are (Persero) Danareksa
Christian Kartawijaya and Kevin Gerard Gluskie. The largest shareholder of the 16 Jan 1985 05 Dec 1989 10,000
company is Birchwood Omnia Ltd. (51.00%). The percentage of public
biggest subsidiaries is PT Dian Abadi Perkasa.
https://www.idx.co.id/en/listed-companies/company-profiles/INTP

Domestic 4,298.0 348.4
55% Institution 14.99% 43.14%
68%
Foreign 44,264.3 196.5 B Basic Materials B12 Construction Materials
45% Individual 0.05% 0.24%
32%
Others 5.07% 25.62% B1 Basic Materials B121 Construction Materials
Year 2023 YTD 2024
Total 48,562.3 544.8
Fundamental & ESG
YTD 2024
15.36x 1.64x 29.84 Medium
D 113.67 83.8 197.5
-46.8 -46.6
Buy

D 1,350.3 822.1 2,172.4 "Foreign Buy-Domestic Sell" minus "Foreign Sell- INTP Sector PER Market PER
Domestic Buy".
F 775.3 21,333.5 22,108.7 A positive net foreign indicates a net buy by
11.74x 12.82x

2023 F - Rp160.00 29-May-23 30-May-23 08-Jun-23 1996 - 02-Sep-96 6,800 2:1 3,400 0.500
2022 F - Rp500.00 07-Jun-22 08-Jun-22 24-Jun-22 - - - - - - -
2021 F - Rp500.00 19-Jul-21 21-Jul-21 10-Aug-21 - - - - - - -
2020 I - Rp225.00 08-Dec-20 10-Dec-20 18-Dec-20 - - - - - - -
2020 F - Rp500.00 07-Aug-20 10-Aug-20 28-Aug-20 - - - - - - -
Industry Peers
1. INTP Indocement Tunggal 33,223.12 09/30/23 25,783,330 20,285,201 5,498,129 12,927,691 1,267,267
2. SMGR Semen Indonesia (Persero) 41,859.55 12/31/23 81,820,529 47,800,976 34,019,553 38,651,360 2,295,601
3. CMNT Cemindo Gemilang Tbk. 19,180.56 09/30/23 17,942,487 4,035,253 13,907,234 6,862,932 203,673
4. SMCB Solusi Bangun Indonesia 11,770.29 12/31/23 22,206,739 12,504,614 9,702,125 12,371,333 894,645
5. WSBP Waskita Beton Precast Tbk. 2,727.79 09/30/23 5,091,434 -1,180,507 6,271,941 1,033,936 -509,859
1. INTP Indocement Tunggal Prakarsa Tbk. 15.36 1.64 4.92 23.05 0.79 3.69
2. SMGR Semen Indonesia (Persero) Tbk. 17.24 0.89 2.81 6.75 0.58 1.41
3. CMNT Cemindo Gemilang Tbk. 167.18 4.75 1.14 1.46 0.22 0.29
4. SMCB Solusi Bangun Indonesia Tbk. 14.74 0.97 4.03 9.22 0.56 1.29
5. WSBP Waskita Beton Precast Tbk. -2.69 -2.31 -10.01 -8.13 -0.23 -0.19


Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 INTP*
-9.75%
IHSG
5.39%
LQ45
4.03%
Sector**
Highest 11,700 11,475 10,850 10,375 9,925 10,450 11,300 11,025 10,300 10,200 9,550 9,425
Lowest 9,900 9,750 9,725 9,900 9,575 9,600 10,425 9,800 9,225 9,100 9,150 9,000
Close 11,125 10,525 10,850 9,900 9,925 10,425 10,700 9,950 9,275 10,200 9,400 9,025
Adj. Close* 11,125 10,525 10,850 9,900 9,925 10,425 10,700 9,950 9,275 10,200 9,400 9,025
Growth (%) -5.39% 3.09% -8.76% 0.25% 5.04% 2.64% -7.01% -6.78% 9.97% -7.84% -3.99%
Volume (mill.) 121.28 88.59 62.78 65.15 59.05 83.25 80.48 58.55 61.18 1,930.31 30.12 29.70
Value (bill.) 1,329.87 934.43 642.30 659.77 576.11 844.76 886.13 605.40 600.95 21,196.25 282.57 272.42
Frequency (th.) 94.60 66.91 46.44 53.80 38.42 64.58 48.74 47.27 49.21 37.84 29.63 28.03
Days 20 21 14 21 17 20 22 20 22 22 19 22
Price (IDR) 2019 2020 2021 2022 2023 Industry: Construction Materials
Lowest 17,150 9,275 8,800 9,025 9,100
Close 19,025 14,475 12,100 9,900 9,400 1. INTP -13.4% -4.0% -9.8% -32.5% -53.1%
Adj. Close* 19,025 14,475 12,100 9,900 9,400 2. SMGR -11.1% -3.1% -16.2% -41.3% -50.9%
Growth (%) -24% -16% -18% -5% 3. CMNT 23.8% 4.7% 17.9% n.a. n.a.
4. SMCB -13.6% -3.0% -4.7% -25.6% -34.1%
Shares Traded 2019 2020 2021 2022 2023 5. WSBP 0.0% 0.0% -47.4% -80.0% -87.0%
Volume 585 1,131 1,129 1,069 2,712
Value 11,827 14,791 13,479 10,631 29,268 Note:
Frequency 616 778 790 641 622 Base date: 6M = Jul 31, 2023; YTD = Dec 29, 2023; 1Y = Jan 31, 2023; 3Y = Jan 29, 2021; 5Y = Jan 31, 2019;
Index Membership

1. BISNIS-27 11. ISSI 21. 31.
3. ESGQKEHATI 13. JII70 23. 33.
4. ESGSKEHATI 14. KOMPAS100 24. 34.
5. IDX80 15. LQ45 25. 35.
6. IDXBASIC 16. MBX 26. 36.
7. IDXQ30 17. MNC36 27. 37.
9. IDXSMC-LIQ 19. SRI-KEHATI 29. 39.
10. Investor33 20. 30. 40.


Date: 31 Jan 2024 v2.0.0

30
Current Assets 12,829,494 12,299,306 11,336,733 10,312,090 10,877,100
25
Fixed Asset 14,080,158 14,397,092 14,342,412 14,894,921 14,383,900
- - - - - - 20
Total Assets 27,707,749 27,344,672 26,136,114 25,706,169 25,783,300
Trade Payable 1,748,776 1,580,229 2,082,752 1,834,752 1,258,345 15
- - - - - -
- - - - - - 10
- - - - - -
5
Current Liabilities 3,873,487 4,215,956 4,646,506 4,822,152 4,269,520
- - - - - - -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 1,840,616 1,840,616 1,840,616 1,840,616 1,840,620
Par Value 500 500 500 500 500
22,176
Total Equity 23,080,261 22,176,248 20,620,964 19,566,906 20,285,200
20,621
Revenues 15,939,348 14,184,322 14,771,906 16,328,278 12,927,700 19,567

Gross Profit 5,500,317 5,113,552 5,126,282 5,143,158 4,088,560
EBT 2,274,427 2,148,328 2,234,002 2,289,309 1,603,890
Tax -439,122 -341,991 -445,506 -446,875 -336,619
2019 2020 2021 2022 2023
15,939 16,328
14,184
Net Cash - Investing -1,045,966 -661,734 -558,145 -873,589 -227,446
Net Cash - Financing -2,026,357 -2,862,698 -3,603,521 -3,240,305 -889,703
Net Increase/Decrease in C&CE 458,449 13,579 -1,554,959 -1,712,121 270,741
C&CE, end of period 7,651,750 7,697,631 6,141,267 4,525,505 4,781,450
Current Ratio (%) 3.31 2.92 2.44 2.14 2.55
DAR (x) 0.17 0.19 0.21 0.24 0.21
DER (x) 0.20 0.23 0.27 0.31 0.27
EPS (IDR) 462.90 482.52 515.55 414.83 611.02 2019 2020 2021 2022 2023
PER (x) 41.10 30.00 23.47 23.87 16.28

PBV (x) 3.03 2.40 2.16 1.86 1.71
ROA (%) 6.62 6.61 6.84 7.17 4.92 1,835 1,842
1,806 1,788
ROE (%) 7.95 8.15 8.67 9.42 6.25
GPM (%) 34.51 36.05 34.70 31.50 31.63
OPM (%) 12.53 13.82 12.91 11.08 11.65 1,267
NPM (%) 11.51 12.73 12.11 11.28 9.80
DPS (IDR) 550.00 725.00 500.00 500.00 160.00
DPR (%) 118.82 150.25 96.98 120.53 26.19
Dividend Yield (%) 2.89 5.01 4.13 5.05 1.70
2019 2020 2021 2022 2023

ITMG
Indo Tambangraya Megah Tbk

ITMG Indo Tambangraya Megah Tbk

Date: 31 Jan 2024 v2.0.0

PT Indo Tambangraya Megah Tbk has a main business field of Coal mining (coal Established Listing Date IPO Price (IDR) IPO Lead Underwriter
mining). The company's President Director and President Commisioner are UBS Securities
Mulianto and Prof. Djisman Simandjuntak. The largest shareholder of the 02 Sep 1987 18 Dec 2007 14,000 Indonesia
company is Banpu Minerals (Singapore) Private Limited (65.14%). The
subsidiaries. One of the biggest subsidiaries is PT Indominco Mandiri (IMM).
https://www.idx.co.id/en/listed-companies/company-profiles/ITMG

Domestic 8,886.6 982.6
Year 2023 YTD 2024
Total 11,953.4 1,337.9
Fundamental & ESG
YTD 2024
2.69x 1.17x 34.50 High
D 351.40 122.3 473.7
-43.4 35.2
Buy

D 3,360.7 1,104.3 4,465.0 "Foreign Buy-Domestic Sell" minus "Foreign Sell- ITMG Sector PER Market PER
Domestic Buy".
8.79x 12.82x

2023 I - Rp2.66 12-Sep-23 13-Sep-23 22-Sep-23 - - - - - - -
2023 F - Rp6414.00 11-Apr-23 12-Apr-23 18-Apr-23 - - - - - - -
2022 I - Rp4128.00 11-Nov-22 14-Nov-22 22-Nov-22 - - - - - - -
2022 F - Rp3040.00 04-Apr-22 05-Apr-22 22-Apr-22 - - - - - - -
2021 I - Rp1218.00 11-Nov-21 12-Nov-21 24-Nov-21 - - - - - - -
Industry Peers
1. ITMG Indo Tambangraya Megah 30,564.47 12/31/23 33,778,170 27,613,269 6,164,901 36,657,049 7,713,633
2. GEMS Golden Energy Mines Tbk. 34,411.77 09/30/23 17,797,527 9,602,565 8,194,962 31,825,395 6,094,538
3. BUMI Bumi Resources Tbk. 33,790.18 09/30/23 64,874,762 43,611,996 21,262,766 18,192,961 1,060,313
1. ITMG Indo Tambangraya Megah Tbk. 2.69 1.17 22.84 125.12 0.82 4.48
2. GEMS Golden Energy Mines Tbk. 3.67 3.58 34.24 74.37 0.54 1.17
3. BUMI Bumi Resources Tbk. 9.59 0.77 1.63 4.99 0.67 2.05


Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 ITMG*
-25.28%
IHSG
5.39%
LQ45
4.03%
Sector**
Highest 37,200 40,800 41,125 31,750 24,250 28,125 29,600 31,100 28,675 25,650 25,650 27,450
Lowest 33,900 36,975 32,250 22,125 22,750 24,675 26,625 28,100 26,250 24,550 23,725 25,750
Close 37,200 39,400 33,300 22,125 24,125 27,200 28,925 28,975 26,525 24,550 25,650 27,050
Adj. Close* 37,200 39,400 33,300 22,125 24,125 27,200 28,925 28,975 26,525 24,550 25,650 27,050
Growth (%) 5.91% -15.48% -33.56% 9.04% 12.75% 6.34% 0.17% -8.46% -7.45% 4.48% 5.46%
Volume (mill.) 47.40 74.09 66.26 61.67 33.36 43.60 34.62 43.55 32.99 17.41 21.06 25.05
Value (bill.) 1,686.82 2,876.44 2,463.28 1,681.76 789.10 1,147.11 980.64 1,291.80 900.27 439.78 515.75 668.96
Frequency (th.) 90.32 111.56 118.62 120.71 58.92 85.09 72.78 86.41 74.85 47.12 43.02 58.96
Days 20 21 14 21 17 20 22 20 22 22 19 22
Lowest 10,100 6,025 11,425 19,625 22,125
Close 11,475 13,850 20,400 39,025 25,650 1. ITMG -0.6% 5.5% -25.3% 120.8% 18.6%
Adj. Close* 11,475 13,850 20,400 39,025 25,650 2. GEMS -10.3% 0.9% -13.3% 129.4% 129.4%
Growth (%) 21% 47% 91% -34% 3. BUMI -28.9% 7.1% -40.5% 28.2% -45.8%
4. PTBA -5.8% 7.0% -23.2% 1.2% -39.4%
Shares Traded 2019 2020 2021 2022 2023 5. MCOL 12.6% 2.7% -12.5% n.a. n.a.
Volume 424 887 946 1,111 527
Value 7,315 8,833 16,343 36,590 16,621 Note:
Index Membership

1. COMPOSITE 11. ISSI 21. 31.
2. IDX30 12. JII 22. 32.
3. IDX80 13. JII70 23. 33.
4. IDXENERGY 14. KOMPAS100 24. 34.
5. IDXHIDIV20 15. LQ45 25. 35.
6. IDXQ30 16. MBX 26. 36.
7. IDXSMC-COM 17. 27. 37.
8. IDXSMC-LIQ 18. 28. 38.
9. IDXV30 19. 29. 39.
10. Investor33 20. 30. 40.


Date: 31 Jan 2024 v2.0.0

Inventories 1,430,367 849,445 891,056 2,996,471 3,025,149 Asset Liabilities
45
Current Assets 6,589,013 5,923,155 14,098,114 29,758,034 19,759,944
- - - - - - 40
Fixed Asset 3,107,016 2,762,450 2,365,301 2,359,787 2,594,092 35

- - - - - - 30
Total Assets 16,860,077 16,342,462 23,775,564 41,165,640 33,778,170
25
Trade Payable 1,084,070 879,334 1,216,603 2,249,551 1,697,533
20
Curr. Maturities - Bank Loans - 108,975 141,748 206,516 244,415
- - - - - - 15
- - - - - - 10

Long-term Bank Loans - 503,859 368,226 199,375 117,676 -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 890,974 901,197 911,675 996,204 986,429
Par Value 500 500 500 500 500 27,613

Total Equity 12,333,864 11,936,920 17,145,045 30,408,766 27,613,269
17,145
Revenues 23,923,930 16,719,164 29,634,045 56,695,833 36,657,049 12,334 11,937
Gross Profit 4,555,664 2,809,011 13,078,009 29,537,360 11,464,106
EBT 2,592,487 1,023,360 8,862,319 24,086,397 9,944,445
Tax -828,417 -489,796 -2,078,979 -5,386,210 -2,230,812
2019 2020 2021 2022 2023
Profit/Loss for the period 1,764,070 533,564 6,783,340 18,700,187 7,713,633
Profit/Loss Period Attributable 1,804,846 556,710 6,785,908 18,711,507 7,724,610
Comprehensive Income 1,789,506 446,437 6,588,425 19,021,086 7,807,765 Total Revenue (Bill. Rp)
Comprehensive Attributable 1,830,309 469,527 6,590,994 19,032,406 7,818,742 56,696
Net Cash - Investing -1,337,660 -632,426 -352,202 -1,110,946 -2,123,943 36,657
29,634
Net Increase/Decrease in C&CE -2,926,888 1,025,828 6,547,259 11,688,247 -8,988,385
23,924
C&CE, end of period 2,220,170 3,264,729 9,859,451 22,301,659 13,140,889
16,719
Current Ratio (%) 2.03 2.03 2.71 3.26 4.35
DAR (x) 0.27 0.27 0.28 0.26 0.18
DER (x) 0.37 0.37 0.39 0.35 0.22
EPS (IDR) 2,006.36 855.52 3,405.90 14,613.60 10,073.25 2019 2020 2021 2022 2023
PER (x) 5.72 16.19 5.99 2.67 2.55

PBV (x) 1.05 1.31 1.34 1.45 1.05
ROA (%) 10.46 3.26 28.53 45.43 22.84 18,700
ROE (%) 14.30 4.47 39.56 61.50 27.93
GPM (%) 19.04 16.80 44.13 52.10 31.27
OPM (%) 10.52 8.77 38.10 46.28 25.50
NPM (%) 7.37 3.19 22.89 32.98 21.04
DPS (IDR) 2,750.00 877.00 1,551.08 7,168.00 6,416.66
7,714
DPR (%) 137.06 102.51 45.54 49.05 63.70 6,783
Dividend Yield (%) 23.97 6.33 7.60 18.37 25.02
Miscellaneous Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 1,764
No. of Listed Shares, million 1,130 1,130 1,130 1,130 1,130 534

2019 2020 2021 2022 2023

KLBF
Kalbe Farma Tbk

KLBF Kalbe Farma Tbk

Date: 31 Jan 2024 v2.0.0

PT Kalbe Farma Tbk has a main business field of Pharmacy. The company's Established Listing Date IPO Price (IDR) IPO Lead Underwriter
President Director and President Commisioner are Vidjongtius and Bernadette Merincorp SI
Ruth Irawati Setaidy . The largest shareholder of the company is Public (<5%) 10 Sep 1966 30 Jul 1991 7,800
(40.69%).
Stock Overview
https://www.idx.co.id/en/listed-companies/company-profiles/KLBF

Domestic 6,061.9 2,063.8
45% Institution 43.40% 60.82%
68%
Foreign 9,436.8 1,314.9 F Healthcare F21 Pharmaceuticals
55% Individual 0.04% 0.04%
32%
Others 20.92% 21.14% F2 Pharmaceuticals & Health Care F211 Pharmaceuticals
Year 2023 YTD 2024 Research
Total 15,498.7 3,378.7
Fundamental & ESG
YTD 2024
23.90x 3.16x 34.31 High
D 619.92 657.9 1,277.8
-322.1 -491.8
Buy

D 1,328.4 1,863.6 3,192.0 "Foreign Buy-Domestic Sell" minus "Foreign Sell- KLBF Sector PER Market PER
Domestic Buy".
19.35x 12.82x

2023 F - Rp38.00 12-May-23 15-May-23 31-May-23 2012 - 08-Oct-12 4,800 5:1 960 0.200
2022 F - Rp35.00 31-May-22 02-Jun-22 22-Jun-22 2004 - 02-Jan-04 1,000 2:1 500 0.500
2021 F - Rp28.00 08-Jun-21 09-Jun-21 30-Jun-21 2000 - 13-Nov-00 600 100:88 320 0.532
2020 I - Rp6.00 04-Dec-20 07-Dec-20 18-Dec-20 1999 - 24-Sep-99 3,000 500:100 600 0.200
2020 F - Rp20.00 02-Jun-20 03-Jun-20 19-Jun-20 1996 - 07-Oct-96 5,500 2:1 2,750 0.500
Industry Peers
1. KLBF Kalbe Farma Tbk. 70,781.43 09/30/23 27,181,763 22,373,736 4,808,027 22,561,006 2,073,296
2. SIDO Industri Jamu dan Farmasi 15,300.00 12/31/23 3,890,706 3,385,941 504,765 3,565,930 950,648
3. TSPC Tempo Scan Pacific Tbk. 9,335.42 09/30/23 11,310,522 8,068,498 3,242,024 9,766,478 1,000,377
4. SOHO Soho Global Health Tbk. 5,812.79 09/30/23 4,666,827 2,545,749 2,121,078 6,028,523 270,001
5. KAEF Kimia Farma Tbk. 5,204.70 09/30/23 20,550,673 9,442,036 11,108,637 7,715,277 -130,274
1. KLBF Kalbe Farma Tbk. 23.90 3.16 7.63 43.12 0.82 4.65
2. SIDO Industri Jamu dan Farmasi Sido 15.76 4.49 24.43 188.33 0.87 6.71
3. TSPC Tempo Scan Pacific Tbk. 6.61 1.16 8.84 30.86 0.71 2.49
4. SOHO Soho Global Health Tbk. 17.15 2.28 5.79 12.73 0.55 1.20
5. KAEF Kimia Farma Tbk. -31.27 0.55 -0.63 -1.17 0.46 0.85


Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 KLBF*
-26.70%
IHSG
5.39%
LQ45
4.03%
Sector**
*Adjusted Close Price; **Healthcare
Highest 2,360 2,220 2,120 2,200 2,100 2,070 1,885 1,860 1,835 1,645 1,700 1,620
Lowest 2,080 2,060 2,030 2,030 2,020 1,905 1,795 1,705 1,690 1,590 1,585 1,510
Close 2,110 2,100 2,120 2,030 2,050 1,915 1,815 1,755 1,690 1,615 1,610 1,510
Adj. Close* 2,110 2,100 2,120 2,030 2,050 1,915 1,815 1,755 1,690 1,615 1,610 1,510
Growth (%) -0.47% 0.95% -4.25% 0.99% -6.59% -5.22% -3.31% -3.70% -4.44% -0.31% -6.21%
Volume (mill.) 685.04 578.19 501.22 789.20 646.35 1,017.23 968.79 840.82 666.50 838.88 627.93 1,077.06
Value (bill.) 1,502.09 1,231.66 1,035.42 1,641.21 1,323.52 2,012.50 1,774.86 1,492.01 1,179.61 1,352.51 1,020.58 1,689.34
Frequency (th.) 88.66 81.98 70.63 85.69 65.22 96.01 96.41 88.80 83.42 79.60 81.42 76.20
Days 20 21 14 21 17 20 22 20 22 22 19 22
Price (IDR) 2019 2020 2021 2022 2023 Industry: Pharmaceuticals

Lowest 1,260 865 1,240 1,530 1,585
Close 1,620 1,480 1,615 2,090 1,610 1. KLBF -21.1% -6.2% -26.7% 3.1% -5.6%
Adj. Close* 1,620 1,480 1,615 2,090 1,610 2. SIDO -20.3% -2.9% -32.5% -30.1% 24.4%
Growth (%) -9% 9% 29% -23% 3. TSPC 22.1% 12.8% 47.3% 51.1% 35.7%
4. SOHO -5.6% -8.4% -18.6% -5.4% n.a.
Shares Traded 2019 2020 2021 2022 2023 5. KAEF 10.0% -35.3% -10.8% -70.0% -68.3%
Volume 7,334 12,001 13,268 11,441 8,612
Value 11,315 17,126 20,456 19,903 16,496 Note:
Index Membership

1. BISNIS-27 11. IDXQ30 21. SRI-KEHATI 31.
2. COMPOSITE 12. IDXSHAGROW 22. 32.
5. IDX30 15. JII 25. 35.
6. IDX80 16. JII70 26. 36.
7. IDXG30 17. KOMPAS100 27. 37.
8. IDXHEALTH 18. LQ45 28. 38.
9. IDXHIDIV20 19. MBX 29. 39.
10. IDXLQ45LCL 20. MNC36 30. 40.


Date: 31 Jan 2024 v2.0.0

30
Current Assets 11,222,491 13,075,332 15,712,210 16,710,230 16,316,400
- - - - - -
25
Fixed Asset 7,666,315 8,157,762 7,994,022 7,956,586 7,973,090
- - - - - - 20
Total Assets 20,264,727 22,564,300 25,666,635 27,241,313 27,181,800
Trade Payable 1,215,860 1,240,386 1,667,596 1,996,615 1,900,739 15
Curr. Maturities - Bank Loans - - - 123,702 127,984

- - - - - - 10
- - - - - -
5
Long-term Bank Loans 647,647 722,819 490,277 287,031 190,865 -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 468,751 468,751 468,751 468,751 468,751
21,266
Par Value 10 10 10 10 10
18,276
Total Equity 16,705,582 18,276,082 21,265,878 22,097,328 22,373,700
Revenues 22,633,476 23,112,655 26,261,195 28,933,503 22,561,000
Gross Profit 10,243,468 10,246,322 11,283,784 11,704,066 8,906,800
EBT 3,402,617 3,627,633 4,143,265 4,458,897 2,651,080
Tax -865,015 -828,010 -911,257 -1,008,813 -577,785
2019 2020 2021 2022 2023
Net Cash - Investing -1,900,541 -951,215 -1,056,019 -1,370,390 -762,538 22,633 23,113 22,561
Net Cash - Financing -706,915 -1,099,712 -745,177 -2,405,754 -2,038,110

C&CE, end of period 3,040,487 5,207,929 6,216,248 3,949,769 2,818,340
Current Ratio (%) 4.35 4.12 4.45 3.77 3.90
DAR (x) 0.18 0.19 0.17 0.19 0.18
DER (x) 0.21 0.23 0.21 0.23 0.21
EPS (IDR) 54.79 55.87 63.86 72.14 69.85 2019 2020 2021 2022 2023
PER (x) 29.57 26.49 25.29 28.97 25.13

PBV (x) 4.55 3.80 3.56 4.43 3.37
ROA (%) 12.52 12.41 12.59 12.66 7.63
ROE (%) 15.19 15.32 15.20 15.61 9.27 3,450
3,232
GPM (%) 45.26 44.33 42.97 40.45 39.48
2,800
OPM (%) 15.89 15.38 15.31 14.62 13.23 2,538
NPM (%) 11.21 12.11 12.31 11.92 9.19 2,073
DPS (IDR) 26.00 26.00 28.00 35.00 38.00
DPR (%) 47.46 46.54 43.84 48.52 54.40
Dividend Yield (%) 1.60 1.76 1.73 1.67 2.36
2019 2020 2021 2022 2023

MAPI
Mitra Adiperkasa Tbk

MAPI Mitra Adiperkasa Tbk

Date: 31 Jan 2024 v2.0.0

PT Mitra Adiperkasa Tbk has a main business field of General trade, retail, Established Listing Date IPO Price (IDR) IPO Lead Underwriter
restaurant cafe. The company's President Director and President Commisioner Mandiri Sekuritas
are H.B.L. Mantiri and Sri Indrastuti Hadiputranto. The largest shareholder of the 23 Jan 1995 10 Nov 2004 625
company is PT Satya Mulia Gema Gemilang (51.00%). The percentage of public
biggest subsidiaries is PT Map Aktif Adiperkasa Tbk.
https://www.idx.co.id/en/listed-companies/company-profiles/MAPI

Domestic 4,839.1 1,291.2
47% Institution 34.12% 44.38%
57%
Foreign 7,464.0 1,409.0 E Consumer Cyclicals E74 Specialty Retail
53%
43% Individual 0.29% 0.14%
Others 21.54% 26.76% E7 Retailing E741 Apparel & Textile Retail
Year 2023 YTD 2024
Total 12,303.2 2,700.2
Fundamental & ESG
YTD 2024
15.44x 2.72x 20.31 Medium
D 299.19 186.6 485.8
-262.8 319.6
Buy

D 1,042.9 1,508.1 2,551.0 "Foreign Buy-Domestic Sell" minus "Foreign Sell- MAPI Sector PER Market PER
Domestic Buy".
15.50x 12.82x

2023 F - Rp8.00 04-Jul-23 05-Jul-23 21-Jul-23 2018 - 04-Jun-18 8,425 10:1 840 0.100
2019 F - Rp10.00 27-May-19 28-May-19 19-Jun-19 - - - - - - -
2018 I - Rp40.00 16-May-18 18-May-18 08-Jun-18 - - - - - - -
2017 F - Rp25.00 02-Jun-17 06-Jun-17 23-Jun-17 - - - - - - -
2017 F - Rp25.00 02-Jun-17 06-Jun-17 22-Jun-17 - - - - - - -
Industry Peers
1. MAPI Mitra Adiperkasa Tbk. 32,453.00 09/30/23 24,578,492 11,935,324 12,643,168 23,792,490 1,839,389
2. MAPA Map Aktif Adiperkasa Tbk. 27,648.88 09/30/23 9,242,910 5,493,774 3,749,136 9,584,203 1,037,231
3. ACES Ace Hardware Indonesia Tbk. 14,577.50 09/30/23 7,428,435 5,887,141 1,541,294 5,493,618 486,816
4. TRIO Trikomsel Oke Tbk. 11,079.19 09/30/23 90,816 -3,730,157 3,820,972 534,731 -12,699
5. ERAA Erajaya Swasembada Tbk. 6,539.50 09/30/23 21,557,724 7,777,718 13,780,006 42,816,191 502,254
1. MAPI Mitra Adiperkasa Tbk. 15.44 2.72 7.48 14.55 0.49 0.94
2. MAPA Map Aktif Adiperkasa Tbk. 19.63 5.03 11.22 27.67 0.59 1.47
3. ACES Ace Hardware Indonesia Tbk. 18.26 2.48 6.55 31.58 0.79 3.82
4. TRIO Trikomsel Oke Tbk. -99.52 -2.97 -13.98 -0.33 -41.07 -0.98
5. ERAA Erajaya Swasembada Tbk. 7.90 0.84 2.33 3.64 0.36 0.56


Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 MAPI*
50.38%
IHSG
5.39%
LQ45
4.03%
Sector**
*Adjusted Close Price; **Consumer Cyclicals
Highest 1,600 1,625 1,465 1,830 1,900 2,020 2,030 1,980 1,990 1,785 1,790 1,995
Lowest 1,385 1,465 1,330 1,410 1,685 1,675 1,885 1,775 1,735 1,590 1,615 1,775
Close 1,510 1,510 1,370 1,775 1,690 1,980 1,935 1,820 1,735 1,745 1,790 1,955
Adj. Close* 1,510 1,510 1,370 1,775 1,690 1,980 1,935 1,820 1,735 1,745 1,790 1,955
Growth (%) 0.00% -9.27% 29.56% -4.79% 17.16% -2.27% -5.94% -4.67% 0.58% 2.58% 9.22%
Volume (mill.) 523.09 567.81 588.27 958.66 438.43 802.80 517.99 548.30 561.43 903.22 518.87 704.34
Value (bill.) 780.55 878.00 827.11 1,545.66 778.40 1,508.46 1,016.61 1,009.80 1,053.20 1,508.32 869.14 1,350.09
Frequency (th.) 91.22 98.27 98.50 109.56 77.96 104.51 90.79 101.08 109.90 128.52 65.39 106.68
Days 20 21 14 21 17 20 22 20 22 22 19 22
Price (IDR) 2019 2020 2021 2022 2023 Industry: Apparel & Textile Retail
Highest 1,150 1,090 900 1,475 2,030 No. Code 6M YTD 1Y 3Y 5Y
Lowest 790 444 620 700 1,210
Close 1,055 790 710 1,445 1,790 1. MAPI -1.3% 9.2% 50.4% 153.9% 94.5%
Adj. Close* 1,055 790 710 1,445 1,790 2. MAPA 19.8% 18.3% 155.3% 305.9% 125.6%
Growth (%) -25% -10% 104% 24% 3. ACES 18.1% 18.1% 73.5% -45.5% -50.0%
4. TRIO 0.0% 0.0% 0.0% 0.0% 63.8%
Shares Traded 2019 2020 2021 2022 2023 5. ERAA -18.0% -3.8% -2.4% -26.0% -10.5%
Volume 5,884 6,612 5,246 7,185 7,456
Value 5,781 4,807 4,062 7,261 12,470 Note:
Frequency 483 591 631 777 1,164 Base date: 6M = Jul 31, 2023; YTD = Dec 29, 2023; 1Y = Jan 31, 2023; 3Y = Jan 29, 2021; 5Y = Jan 31, 2019;
Index Membership

1. BISNIS-27 11. ISSI 21. 31.
3. IDX80 13. JII70 23. 33.
4. IDXCYCLIC 14. KOMPAS100 24. 34.
5. IDXESGL 15. LQ45 25. 35.
6. IDXG30 16. MBX 26. 36.
7. IDXLQ45LCL 17. MNC36 27. 37.
8. IDXSHAGROW 18. PEFINDO25 28. 38.
9. IDXSMC-COM 19. 29. 39.
10. IDXSMC-LIQ 20. 30. 40.


Date: 31 Jan 2024 v2.0.0

30
Current Assets 8,160,173 8,165,336 8,213,616 10,737,011 12,860,000
25
Fixed Asset 3,784,805 3,364,591 3,034,175 3,290,108 4,226,320
- - - - - - 20
Total Assets 13,937,115 17,650,451 16,783,042 20,968,046 24,578,500
Trade Payable 1,757,911 1,621,059 1,756,736 2,385,779 2,332,929 15
- - - - - -
- - - - - - 10
- - - - - -
5
- - - - - - -
Long-term Bonds Payable - 376,411 - - - 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 830,000 830,000 830,000 830,000 830,000
Par Value 50 50 50 50 50
Total Equity 7,370,545 6,499,400 7,095,907 9,727,620 11,935,300

7,371 7,096
Revenues 21,578,745 14,847,398 18,423,803 26,937,340 23,792,500
Gross Profit 10,256,117 6,180,944 7,692,462 12,029,265 10,859,000
Operating Profit/Loss 1,930,758 -56,863 1,233,951 3,069,543 2,565,910
EBT 1,625,502 -723,806 691,608 3,172,623 2,328,880
Tax -461,995 138,502 -201,452 -667,220 -489,487
2019 2020 2021 2022 2023
Profit/Loss for the period 1,163,507 -585,304 490,156 2,505,403 1,839,390
Profit/Loss Period Attributable 933,493 -553,716 438,913 2,109,640 1,489,110
Comprehensive Income 1,129,365 -635,262 583,131 2,568,748 1,783,950 Total Revenue (Bill. Rp)
Comprehensive Attributable 903,677 -606,095 526,941 2,171,502 1,433,670
26,937
Net Cash - Investing -799,003 -245,050 -361,931 -641,846 -1,574,180 18,424
14,847
Net Increase/Decrease in C&CE 396,651 990,918 -7,443 1,032,599 -884,436
C&CE, end of period 1,816,661 2,788,102 2,778,415 3,850,844 2,959,020
Current Ratio (%) 1.44 1.11 1.23 1.42 1.43
DAR (x) 0.47 0.63 0.58 0.54 0.51
DER (x) 0.89 1.72 1.37 1.16 1.06
EPS (IDR) 49.46 -18.96 -1.92 121.62 123.62 2019 2020 2021 2022 2023
PER (x) 21.33 -41.67 -370.24 11.88 14.72

PBV (x) 2.38 2.02 1.66 2.47 2.49
ROA (%) 8.35 -3.32 2.92 11.95 7.48
2,505
ROE (%) 15.79 -9.01 6.91 25.76 15.41
GPM (%) 47.53 41.63 41.75 44.66 45.64 1,839
OPM (%) 8.95 -0.38 6.70 11.40 10.78
NPM (%) 5.39 -3.94 2.66 9.30 7.73 1,164
DPS (IDR) 10.00 0.00 0.00 0.00 8.00
DPR (%) 20.22 0.00 0.00 0.00 6.47 490
Dividend Yield (%) 0.95 0.00 0.00 0.00 0.45
-585
2019 2020 2021 2022 2023

MBMA
Merdeka Battery Materials Tbk

MBMA Merdeka Battery Materials Tbk

Date: 31 Jan 2024 v2.0.0

PT Merdeka Battery Materials Tbk has a main business field of nickel mining and Established Listing Date IPO Price (IDR) IPO Lead Underwriter
other minerals, processing and other related business activities that are UBS Sekuritas
integrated vertically. The company's President Director and President 20 Aug 2019 18 Apr 2023 795 Indonesia
Commisioner are Devin Antonio Ridwan and Winato Kartono. The largest
shareholder of the company is PT Merdeka Energi (50.04%). The percentage of Stock Overview
public shareholding (<5%) is 28.46%. The company has 26 subsidiaries. One of
the biggest subsidiaries is PT Merdeka Industri Mineral. Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
For more information click here: Development 71,276,977,134,000 23,548,474,263,527
https://www.idx.co.id/en/listed-companies/company-profiles/MBMA

(in billion IDR) Year 2023 YTD 2024 n.a. 27 of 914 20 of 874
Domestic 22,069.3 3,169.8
Foreign 5,638.6 4,531.9 B Basic Materials B14 Metals & Minerals
8% 6%
Year 2023 YTD 2024
Total 27,707.9 7,701.7
Fundamental & ESG
YTD 2024
282.30x 2.13x 45.79 Severe
D 749.92 182.7 932.6
1,067.4 1,304.6
Buy

D 9,621.4 879.6 10,500.9 "Foreign Buy-Domestic Sell" minus "Foreign Sell- MBMA Sector PER Market PER
Domestic Buy".
11.74x 12.82x

- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
Industry Peers


Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 MBMA*
-16.98%
IHSG
5.39%
LQ45
4.03%
Sector**
Highest - - 885 805 830 805 810 930 795 685 605 690
Lowest - - 820 750 765 725 715 805 670 575 520 535
Close - - 830 755 810 745 810 805 670 635 560 660
Adj. Close* - - 830 755 810 745 810 805 670 635 560 660
Growth (%) - - -9.04% 7.28% -8.02% 8.72% -0.62% -16.77% -5.22% -11.81% 17.86%
Volume (mill.) - - 3,423.46 1,452.30 1,515.21 1,613.95 1,313.50 6,984.24 1,342.54 6,697.36 2,526.32 6,398.72
Value (bill.) - - 2,876.03 1,132.07 1,204.75 630.83 1,020.35 5,813.35 998.26 4,220.89 1,801.09 3,850.85
Frequency (th.) - - 153.55 76.72 47.02 62.08 83.76 159.55 98.28 62.92 66.98 117.32
Days - - 4 21 17 20 22 20 22 22 19 22
Highest - - - - 930 No. Code 6M YTD 1Y 3Y 5Y
Lowest - - - - 520
Close - - - - 560 1. MBMA -11.4% 17.9% n.a. n.a. n.a.
Adj. Close* - - - - 560 2. NCKL -3.7% -9.5% n.a. n.a. n.a.
Growth (%) 0% 0% 0% 0% 3. INCO -43.7% -10.2% -47.9% -29.6% 0.5%
4. ANTM -21.9% -9.1% -32.9% -30.2% 60.6%
Shares Traded 2019 2020 2021 2022 2023 5. BRMS -9.4% -8.8% -15.8% 109.1% 241.8%
Volume - - - - 26,869
Value - - - - 19,698 Note:
Frequency - - - - 811 Base date: 6M = Jul 31, 2023; YTD = Dec 29, 2023; 1Y = Jan 31, 2023; 3Y = Jan 29, 2021; 5Y = Jan 31, 2019;
Days - - - - 167 *Adjusted price refers to the close price after adjustments for any applicable corporate actions.
Index Membership
No. Index Code

1. COMPOSITE 11. 21. 31.
2. DBX 12. 22. 32.
3. IDX80 13. 23. 33.
4. IDXBASIC 14. 24. 34.
5. IDXLQ45LCL 15. 25. 35.
6. ISSI 16. 26. 36.
7. JII70 17. 27. 37.
8. KOMPAS100 18. 28. 38.
9. LQ45 19. 29. 39.
10. 20. 30. 40.


Date: 31 Jan 2024 v2.0.0

Cash & Cash Equivalents - - - - 5,067,888
Trade receivables - - - - 2,550,709 Total Asset & Liabilities (Bill. Rp)
Inventories - - - - 7,957,530 Asset Liabilities
60
Current Assets - - - - 12,850,478
- - - - - -
50
Fixed Asset - - - - 1,330
- - - - - - 40
Total Assets - - - - 49,132,353
Trade Payable - - - - 4,476,567 30
- - - - - -
- - - - - - 20
- - - - - -
10
Current Liabilities - - - - 5,328,566
Long-term Bank Loans - - - - 4,379,104 -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Total Liabilities - - - - 15,628,087
Common Stocks - - - - 11,457,174
Paid up Capital (Shares) - - - - 107,995
33,504
Par Value - - - - 100
Retained earnings - - - - 320,130
Total Equity - - - - 33,504,266
Revenues - - - - 13,533,516
Gross Profit - - - - 951,035
Operating Profit/Loss - - - - 623,845
Interest & Finance Costs - - - - 291,712
EBT - - - - 421,311 - - - -
Tax - - - - -5,733
2019 2020 2021 2022 2023
Profit/Loss for the period - - - - 415,578
Profit/Loss Period Attributable - - - - 10,486
Comprehensive Income - - - - 416,238 Total Revenue (Bill. Rp)
Comprehensive Attributable - - - - 11,143
Net Cash - Operating - - - - -1,258,155

Net Cash - Investing - - - - -5,604,281
Net Cash - Financing - - - - 7,593,323
Net Increase/Decrease in C&CE - - - - 730,884
C&CE, end of period - - - - 5,067,888
Current Ratio (%) n.a. n.a. n.a. n.a. 2.41
DAR (x) n.a. n.a. n.a. n.a. 0.32 - - - -
DER (x) n.a. n.a. n.a. n.a. 0.47
EPS (IDR) n.a. n.a. n.a. n.a. NA 2019 2020 2021 2022 2023
PER (x) n.a. n.a. n.a. n.a. NA

BV (IDR) n.a. n.a. n.a. n.a. 310 Profit/Loss for the Period (Bill. Rp)
PBV (x) n.a. n.a. n.a. n.a. 1.81
ROA (%) n.a. n.a. n.a. n.a. 0.85 416
ROE (%) n.a. n.a. n.a. n.a. 1.24
GPM (%) n.a. n.a. n.a. n.a. 7.03
OPM (%) n.a. n.a. n.a. n.a. 4.61
NPM (%) n.a. n.a. n.a. n.a. 3.07
DPS (IDR) 0.00 0.00 0.00 0.00 0.00
DPR (%) n.a. n.a. n.a. n.a. n.a.
Dividend Yield (%) n.a. n.a. n.a. n.a. 0.00
No. of Listed Shares, million n.a n.a n.a n.a 107,995 - - - -
Market Capitalization, billion IDR n.a n.a n.a n.a 86,936
2019 2020 2021 2022 2023

MDKA
Merdeka Copper Gold Tbk

MDKA Merdeka Copper Gold Tbk

Date: 31 Jan 2024 v2.0.0

PT Merdeka Copper Gold Tbk has a main business field of Gold mining, silver, Established Listing Date IPO Price (IDR) IPO Lead Underwriter
copper, nickel, and other minerals, industry and other related business activities Indo Premier
through the company's subsidiaries. The company's President Director and 05 Sep 2012 19 Jun 2015 2,000 Securities
President Commisioner are Albert Saputro and Edwin Soeryadjaya. The largest
shareholder of the company is Public (<5%) (51.37%). The company has 14 Stock Overview
subsidiaries. One of the biggest subsidiaries is PT Merdeka Battery Materials
Tbk. Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
https://www.idx.co.id/en/listed-companies/company-profiles/MDKA

Domestic 20,507.3 4,428.6
57% Institution 28.94% 18.41%
75%
Foreign 15,167.4 1,604.8 B Basic Materials B14 Metals & Minerals
43% Individual 0.44% 3.62%
Others 18.21% 11.07% B1 Basic Materials B143 Gold
Year 2023 YTD 2024
Total 35,674.8 6,033.5
Fundamental & ESG
YTD 2024
-127.35x 1.61x 31.79 High
D 1,665.81 780.7 2,446.5
-55.4 -464.4
Buy

D 6,638.1 3,643.3 10,281.3 "Foreign Buy-Domestic Sell" minus "Foreign Sell- MDKA Sector PER Market PER
Domestic Buy".
11.74x 12.82x

- - - - - - - 2022 - 14-Apr-22 5,525 9401:495 5,400 0.976
- - - - - - - 2019 - 18-Oct-19 6,250 5:1 1,250 0.200
- - - - - - - 2018 - 15-Aug-18 3,150 6:1 3,020 0.959
- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
Industry Peers
1. MDKA Merdeka Copper Gold Tbk. 65,099.30 09/30/23 72,642,249 40,558,844 32,083,406 18,122,566 -60,134
2. AMMN Amman Mineral Internasional 545,699.59 09/30/23 127,161,233 67,858,428 59,302,805 17,821,867 1,053,503
1. MDKA Merdeka Copper Gold Tbk. -127.35 1.61 -0.08 -0.19 0.56 1.26
2. AMMN Amman Mineral Internasional Tbk 81.62 8.04 0.83 1.78 0.53 1.14


Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 MDKA*
-42.80%
IHSG
5.39%
LQ45
4.03%
Sector**
Highest 4,780 4,600 4,320 3,890 3,150 3,510 3,470 3,450 2,670 2,530 2,720 2,810
Lowest 4,300 3,850 3,940 2,950 2,910 3,150 3,180 2,880 2,230 2,100 2,290 2,410
Close 4,540 4,190 3,940 3,000 3,060 3,510 3,380 2,880 2,230 2,530 2,700 2,700
Adj. Close* 4,540 4,190 3,940 3,000 3,060 3,510 3,380 2,880 2,230 2,530 2,700 2,700
Growth (%) -7.71% -5.97% -23.86% 2.00% 14.71% -3.70% -14.79% -22.57% 13.45% 6.72% 0.00%
Volume (mill.) 1,104.74 2,049.70 633.44 1,528.30 777.35 585.49 693.47 719.54 1,066.56 1,334.14 1,376.47 1,134.76
Value (bill.) 5,084.70 8,247.26 2,614.58 5,004.49 2,386.07 1,978.53 2,281.96 2,275.62 2,703.67 3,208.17 3,311.30 3,016.74
Frequency (th.) 217.11 232.84 134.40 248.25 156.61 133.11 141.40 184.06 182.14 183.46 171.19 196.75
Days 20 21 14 21 17 20 22 20 22 22 19 22
Price (IDR) 2019 2020 2021 2022 2023 Industry: Gold

Lowest 1,010 905 2,140 3,350 2,100
Close 1,070 2,430 3,890 4,120 2,700 1. MDKA -23.1% 0.0% -42.8% 8.5% 302.3%
Adj. Close* 209 2,371 3,795 4,019 2,700 2. AMMN 167.8% 14.9% n.a. n.a. n.a.
Growth (%) 1036% 60% 6% -33% 3. MBMA -11.4% 17.9% n.a. n.a. n.a.
4. NCKL -3.7% -9.5% n.a. n.a. n.a.
Shares Traded 2019 2020 2021 2022 2023 5. INCO -43.7% -10.2% -47.9% -29.6% 0.5%
Volume 4,876 25,893 21,045 17,480 12,748
Value 13,798 40,460 58,249 74,487 43,153 Note:
Index Membership

1. COMPOSITE 11. LQ45 21. 31.
2. I-GRADE 12. MBX 22. 32.
3. IDX30 13. MNC36 23. 33.
4. IDX80 14. 24. 34.
5. IDXBASIC 15. 25. 35.
6. Investor33 16. 26. 36.
7. ISSI 17. 27. 37.
8. JII 18. 28. 38.
9. JII70 19. 29. 39.
10. KOMPAS100 20. 30. 40.


Date: 31 Jan 2024 v2.0.0

Cash & Cash Equivalents 691,569 719,726 2,646,479 6,921,431 6,672,233
Trade receivables 3,274 28,963 8,455 1,027,246 2,570,244 Total Asset & Liabilities (Bill. Rp)
80
Current Assets 2,855,373 2,811,249 5,869,054 13,965,435 18,280,235
- - - - - - 70
Fixed Asset 4,467,091 4,204,169 4,512,894 18,802,052 1,668 60

- - - - - -
50
Total Assets 13,265,225 13,112,102 18,244,239 60,444,972 72,642,238
Trade Payable 464,456 284,915 422,494 1,708,843 5,241,653 40
Curr. Maturities - Bank Loans 1,905,439 833,604 912,733 1,552,132 - 30

- - - - - -
20
- - - - - -
Long-term Bank Loans 1,372,199 560,979 - 4,844,336 4,379,104 -
Long-term Bonds Payable - 863,839 1,802,004 10,526,009 11,130,584 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 483,761 489,311 515,286 589,265 585,297
40,559
Par Value 20 20 20 20 20
Total Equity 7,310,587 7,950,225 11,121,406 31,571,200 40,558,904
Revenues 5,606,439 4,539,848 5,435,869 13,563,153 18,122,578
Gross Profit 2,167,663 1,609,682 1,713,665 2,567,243 1,836,867
11,121
Operating Profit/Loss 1,886,997 1,327,308 1,296,122 1,739,875 1,246,298 7,311 7,950
EBT 1,512,633 792,764 809,314 1,402,345 79,540
Tax -546,891 -385,247 -332,918 -391,285 -139,674
2019 2020 2021 2022 2023
Profit/Loss for the period 965,742 407,517 476,396 1,011,060 -60,134
Profit/Loss Period Attributable 987,684 510,546 515,663 910,934 -368,176
Comprehensive Income 860,694 583,037 435,986 889,920 -33,773 Total Revenue (Bill. Rp)
Comprehensive Attributable 991,747 686,900 476,045 787,038 -341,298
18,123
Net Cash - Operating 1,720,209 1,692,138 1,896,128 7,218,610 524,065
13,563
Net Cash - Investing -2,136,565 -986,052 -3,457,527 -17,573,057 -9,313,696
Net Cash - Financing 912,410 -688,781 3,519,398 14,525,092 8,607,504
Net Increase/Decrease in C&CE 496,055 17,305 1,957,999 4,170,644 -182,140
C&CE, end of period 691,569 719,726 2,646,479 6,921,431 6,672,233
5,606 5,436
Ratios Dec 2019 Dec 2020 Dec 2021 Dec 2022 Sep 2023 4,540
Current Ratio (%) 0.81 1.04 1.38 1.48 1.56

DAR (x) 0.45 0.39 0.39 0.48 0.44
DER (x) 0.81 0.65 0.64 0.91 0.79
EPS (IDR) 41.49 41.23 -1.79 52.59 -52.58 2019 2020 2021 2022 2023
PER (x) 25.79 58.94 -2,172.88 78.35 -54.77

BV (IDR) 334 363 486 1,309 1,682 Profit/Loss for the Period (Bill. Rp)
PBV (x) 3.20 6.69 8.01 3.15 1.61
ROA (%) 7.28 3.11 2.61 1.67 -0.08
1,011
ROE (%) 13.21 5.13 4.28 3.20 -0.15 966
GPM (%) 38.66 35.46 31.53 18.93 10.14
OPM (%) 33.66 29.24 23.84 12.83 6.88
NPM (%) 17.23 8.98 8.76 7.45 -0.33
476
DPS (IDR) 0.00 0.00 0.00 0.00 0.00 408
DPR (%) 0.00 0.00 0.00 0.00 0.00
Dividend Yield (%) 0.00 0.00 0.00 0.00 0.00
-60
2019 2020 2021 2022 2023

MEDC
Medco Energi Internasional Tbk

MEDC Medco Energi Internasional Tbk

Date: 31 Jan 2024 v2.0.0

PT Medco Energi Internasional Tbk has a main business field of Crude Established Listing Date IPO Price (IDR) IPO Lead Underwriter
Petroleum and Natural Gas Prod.. The company's President Director and Bahana Securities
President Commisioner are Hilmi Panigoro and Yani Yuhani Panigoro. The 09 Jun 1980 12 Oct 1994 4,350
largest shareholder of the company is PT MEDCO DAYA ABADI LESTARI
(51.50%). The percentage of public shareholding (<5%) is 26.60%. Stock Overview
https://www.idx.co.id/en/listed-companies/company-profiles/MEDC

Domestic 34,641.6 2,856.7
Foreign 7,454.5 624.1 A Energy A11 Oil & Gas
Others 9.11% 9.32% A1 Oil, Gas & Coal A111 Oil & Gas Production & Refinery
Year 2023 YTD 2024
Total 42,096.1 3,480.8
Fundamental & ESG
YTD 2024
5.18x 0.99x 29.58 Medium
D 1,166.27 237.8 1,404.1
-278.2 48.5
Buy

D 14,244.3 3,215.6 17,459.9 "Foreign Buy-Domestic Sell" minus "Foreign Sell- MEDC Sector PER Market PER
Domestic Buy".
8.79x 12.82x

2023 I - Rp15.00 30-Nov-23 01-Dec-23 15-Dec-23 2020 - 09-Sep-20 540 5:2 458 0.847
2023 F - $0.00160 13-Jun-23 14-Jun-23 03-Jul-23 2017 - 08-Dec-17 1,000 3:1 900 0.900
2022 I - Rp14.86 19-Aug-22 22-Aug-22 08-Sep-22 2017 - 11-Sep-17 3,490 4:1 870 0.250
2022 F - $0.00140 05-Aug-22 08-Aug-22 26-Aug-22 2000 - 31-May-00 4,250 5:1 850 0.200
2015 F - $0.00121 28-Apr-15 30-Apr-15 22-May-15 1999 - 22-Nov-99 3,575 10:11 3,550 0.989
Industry Peers
1. MEDC Medco Energi Internasional 30,666.20 09/30/23 105,827,639 30,904,273 74,923,365 25,860,356 3,984,840
5. ENRG Energi Mega Persada Tbk. 5,063.53 09/30/23 18,999,946 8,670,431 10,329,515 4,590,285 704,819
1. MEDC Medco Energi Internasional Tbk. 5.18 0.99 3.77 5.32 0.29 0.41
5. ENRG Energi Mega Persada Tbk. 4.71 0.58 3.71 6.82 0.46 0.84


Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 MEDC*
-12.54%
IHSG
5.39%
LQ45
4.03%
Sector**
Highest 1,370 1,160 1,100 960 930 1,130 1,105 1,665 1,600 1,240 1,160 1,270
Lowest 1,060 860 1,000 840 880 890 1,030 1,255 1,260 1,110 985 1,150
Close 1,150 1,010 1,010 905 890 1,130 1,070 1,610 1,275 1,155 1,155 1,220
Adj. Close* 1,150 1,010 1,010 905 890 1,130 1,070 1,610 1,275 1,155 1,155 1,220
Growth (%) -12.17% 0.00% -10.40% -1.66% 26.97% -5.31% 50.47% -20.81% -9.41% 0.00% 5.63%
Volume (mill.) 1,946.99 1,519.91 1,096.03 1,844.91 784.87 1,882.35 1,697.56 4,869.51 4,061.59 2,076.67 2,046.91 1,433.53
Value (bill.) 2,309.35 1,483.28 1,156.10 1,691.99 712.56 1,858.03 1,826.90 7,175.94 5,874.51 2,432.06 2,225.58 1,740.38
Frequency (th.) 233.28 127.08 108.11 150.55 69.26 135.66 129.11 390.19 288.81 188.24 206.40 154.63
Days 20 21 14 21 17 20 22 20 22 22 19 22
Price (IDR) 2019 2020 2021 2022 2023 Industry: Oil & Gas Production & Refinery
Highest 1,025 915 760 1,190 1,665 No. Code 6M YTD 1Y 3Y 5Y
Lowest 630 312 434 462 840
Close 865 590 466 1,015 1,155 1. MEDC 8.0% 5.6% -12.5% 87.7% 42.7%
Adj. Close* 732 499 466 1,015 1,155 2. AKRA 17.0% 9.8% 23.7% 185.2% 54.3%
Growth (%) -32% -7% 118% 14% 3. PGAS -14.7% 3.1% -24.6% -13.4% -54.7%
4. RAJA 46.7% -5.3% 40.5% 689.9% 242.3%
Shares Traded 2019 2020 2021 2022 2023 5. ENRG -11.3% -7.3% -20.3% 110.3% 158.2%
Volume 7,277 24,562 18,280 24,191 25,077
Value 6,125 12,453 11,145 18,018 30,259 Note:
Index Membership

2. I-GRADE 12. LQ45 22. 32.
3. IDX30 13. MBX 23. 33.
4. IDX80 14. SMinfra18 24. 34.
5. IDXENERGY 15. 25. 35.
6. IDXG30 16. 26. 36.
7. IDXLQ45LCL 17. 27. 37.
8. IDXSMC-COM 18. 28. 38.
9. IDXSMC-LIQ 19. 29. 39.
10. IDXV30 20. 30. 40.


Date: 31 Jan 2024 v2.0.0

120
Current Assets 23,632,350 28,519,263 24,279,612 27,307,771 25,604,038
- - - - - -
100
Fixed Asset 566,835 512,637 718,759 965,218 264
- - - - - - 80
Total Assets 83,761,178 83,231,108 81,103,343 108,082,276 105,827,627
Trade Payable 2,107,192 2,444,292 2,692,541 2,969,113 3,872,806 60

- - - - - - 40
- - - - - -
20
- - - - - -
Common Stocks 1,528,445 1,717,974 1,737,949 1,899,089 1,886,301
Paid up Capital (Shares) 17,916 25,136 - 25,136 25,136 30,904
Par Value 25 25 - 25 25 27,247

Total Equity 18,912,855 17,114,795 17,541,402 27,247,321 30,904,309
18,913
17,115 17,541
Revenues 20,056,966 15,420,637 18,881,334 36,052,253 25,860,347
Gross Profit 8,251,709 4,537,727 - 19,428,027 11,346,938
EBT 2,498,193 -1,386,290 4,076,664 16,303,020 7,762,022
Tax -2,780,260 -1,020,545 -3,308,991 -7,920,299 -3,949,200
2019 2020 2021 2022 2023
Profit/Loss for the period -188,718 -2,500,866 893,250 8,597,590 3,984,836
Profit/Loss Period Attributable -381,362 -2,665,501 670,920 8,277,523 3,753,584
Comprehensive Income -358,116 -3,156,486 1,210,225 9,176,616 4,410,651 Total Revenue (Bill. Rp)
Comprehensive Attributable -347,747 -3,175,145 990,516 8,439,546 4,129,903
36,052
Net Cash - Investing -3,756,197 -4,123,029 1,182,408 -16,573,710 -401,016 25,860
Net Cash - Financing -1,669,090 -4,481,202 -5,088,569 1,004,556 -9,305,767

20,057
Net Increase/Decrease in C&CE 325,120 -2,141,413 2,699,826 1,838,344 -1,183,137 18,881
15,421
C&CE, end of period 6,361,936 4,181,805 6,863,173 9,355,178 8,165,412
Current Ratio (%) 2.40 1.47 1.69 1.27 1.34
DAR (x) 0.77 0.79 0.78 0.75 0.71
DER (x) 3.43 3.86 3.62 2.97 2.42
EPS (IDR) -17.16 -103.26 33.06 231.32 326.77 2019 2020 2021 2022 2023
PER (x) -50.41 -5.71 14.09 4.39 4.93

BV (IDR) 1,056 681 698 1,084 1,229 Profit/Loss for the Period (Bill. Rp)
PBV (x) 0.82 0.87 0.67 0.94 0.94
ROA (%) -0.23 -3.00 1.10 7.95 3.77
8,598
ROE (%) -1.00 -14.61 5.09 31.55 12.89
GPM (%) 41.14 29.43 n.a. 53.89 43.88
OPM (%) 25.20 15.47 30.50 44.36 34.28
3,985
NPM (%) -0.94 -16.22 4.73 23.85 15.41
DPS (IDR) 0.00 0.00 0.00 35.60 15.00
DPR (%) 0.00 0.00 0.00 15.39 4.59 893
Dividend Yield (%) 0.00 0.00 0.00 3.51 1.30
Miscellaneous Dec 2019 Dec 2020 Dec 2021 Dec 2022 Sep 2023 -189

-2,501
2019 2020 2021 2022 2023

MTEL
Dayamitra Telekomunikasi Tbk

MTEL Dayamitra Telekomunikasi Tbk

Date: 31 Jan 2024 v2.0.0

PT Dayamitra Telekomunikasi Tbk has a main business field of Established Listing Date IPO Price (IDR) IPO Lead Underwriter
Telecommunications Tower Provider Services. The company's President Director BRI Danareksa
and President Commisioner are Theodorus Ardi Hartoko and Yusuf Wibisono. 18 Oct 1995 22 Nov 2021 800 Sekuritas
The largest shareholder of the company is Telkom Indonesia (Persero) Tbk, PT
(71.87%). The percentage of public shareholding (<5%) is 15.35%. Stock Overview
https://www.idx.co.id/en/listed-companies/company-profiles/MTEL

Domestic 4,732.7 541.9
59% 57% Institution 24.81% 25.14%
41% 43% Individual 0.21% 0.19%
Year 2023 YTD 2024
Total 8,296.1 1,001.2
Fundamental & ESG
YTD 2024
28.57x 1.70x 22.03 Medium
D 135.77 156.7 292.5
-618.2 -43.1
Buy

D 1,293.8 1,381.7 2,675.5 "Foreign Buy-Domestic Sell" minus "Foreign Sell- MTEL Sector PER Market PER
Domestic Buy".
11.51x 12.82x

2023 F - Rp21.38 03-May-23 04-May-23 17-May-23 - - - - - - -
2022 F - Rp11.57 11-May-22 12-May-22 25-May-22 - - - - - - -
- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
Industry Peers
1. MTEL Dayamitra Telekomunikasi 56,815.85 12/31/23 57,010,128 34,037,609 22,972,519 8,594,530 2,010,328
2. ISAT Indosat Tbk. 77,200.38 12/31/23 114,722,249 33,708,792 81,013,457 51,228,782 4,775,741
3. TOWR Sarana Menara Nusantara 45,403.02 09/30/23 68,224,605 16,095,521 52,129,084 8,719,379 2,474,066
1. MTEL Dayamitra Telekomunikasi Tbk. 28.57 1.70 3.53 8.75 0.60 1.48
2. ISAT Indosat Tbk. 20.19 2.41 4.16 5.89 0.29 0.42
3. TOWR Sarana Menara Nusantara Tbk. 13.72 2.82 3.63 4.75 0.24 0.31


Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 MTEL*
0.74%
IHSG
5.39%
LQ45
4.03%
Sector**
Highest 715 760 705 690 685 690 750 770 675 720 750 700
Lowest 665 685 685 655 630 650 665 670 620 610 700 650
Close 690 705 700 655 665 655 750 680 620 720 705 680
Adj. Close* 690 705 700 655 665 655 750 680 620 720 705 680
Growth (%) 2.17% -0.71% -6.43% 1.53% -1.50% 14.50% -9.33% -8.82% 16.13% -2.08% -3.55%
Volume (mill.) 573.33 734.34 308.43 586.43 1,047.31 632.43 1,520.22 1,001.16 650.60 1,416.07 953.45 741.92
Value (bill.) 396.03 526.59 213.82 393.78 685.69 422.48 1,066.84 714.36 424.04 940.77 691.90 500.60
Frequency (th.) 49.55 73.37 40.81 79.12 94.48 114.08 144.44 111.33 75.71 158.21 95.28 98.02
Days 20 21 14 21 17 20 22 20 22 22 19 22
Highest - - 830 820 770 No. Code 6M YTD 1Y 3Y 5Y
Lowest - - 760 665 610
Close - - 830 800 705 1. MTEL 3.8% -3.5% 0.7% n.a. n.a.
Adj. Close* - - 830 800 705 2. ISAT 4.1% 2.1% 57.0% 90.5% 249.5%
Growth (%) 0% 0% -4% -12% 3. TOWR -12.3% -10.1% -20.5% -7.3% 5.3%
4. SUPR 17.4% 0.0% 17.4% 838.8% 486.8%
Shares Traded 2019 2020 2021 2022 2023 5. TBIG 1.0% -6.7% -7.1% -12.9% 98.2%
Volume - - 5,145 11,729 9,867
Value - - 4,056 8,790 6,786 Note:
Frequency - - 273 1,042 1,091 Base date: 6M = Jul 31, 2023; YTD = Dec 29, 2023; 1Y = Jan 31, 2023; 3Y = Jan 29, 2021; 5Y = Jan 31, 2019;
Days - - 29 246 239 *Adjusted price refers to the close price after adjustments for any applicable corporate actions.
Index Membership

1. BISNIS-27 11. LQ45 21. 31.
2. COMPOSITE 12. MBX 22. 32.
3. IDX80 13. MNC36 23. 33.
4. IDXBUMN20 14. 24. 34.
5. IDXINFRA 15. 25. 35.
6. IDXLQ45LCL 16. 26. 36.
8. ISSI 18. 28. 38.
9. JII70 19. 29. 39.
10. KOMPAS100 20. 30. 40.


Date: 31 Jan 2024 v2.0.0

Cash & Cash Equivalents - - 19,133,193 6,338,773 879,027
Trade receivables - - 1,117,520 1,050,233 1,607,260 Total Asset & Liabilities (Bill. Rp)
- - - - - - Asset Liabilities
70
Current Assets - - 21,302,799 7,886,438 3,419,726
- - - - - - 60
Fixed Asset - - 29,568,386 39,328,413 43,772,084
50
- - - - - -
Total Assets - - 57,728,318 56,071,559 57,010,128 40
Trade Payable - - 1,273,235 1,891,854 2,079,286
30
Curr. Maturities - Bank Loans - - 2,405,550 2,322,184 2,374,936
- - - - - - 20
- - - - - -
Current Liabilities - - 6,475,515 10,200,553 11,071,494 10
Long-term Bank Loans - - 15,665,428 9,667,639 9,583,212 -

- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Total Liabilities - - 24,082,708 22,264,125 22,972,519
Common Stocks - - 19,041,523 19,046,959 19,050,020
Paid up Capital (Shares) - - 83,515 83,539 83,553 33,807 34,038
33,646
Par Value - - 228 228 228
Retained earnings - - 1,537,283 2,356,078 2,599,187
Total Equity - - 33,645,610 33,807,434 34,037,609
Revenues - - 6,869,569 7,728,930 8,594,530
Gross Profit - - 3,218,398 3,654,068 -
Operating Profit/Loss - - 2,740,179 3,136,760 3,650,580
Interest & Finance Costs - - -913,180 1,055,547 1,332,655
EBT - - 1,919,544 2,417,481 2,738,853 - -
Tax - - -538,473 -632,413 -728,525
2019 2020 2021 2022 2023
Profit/Loss for the period - - 1,381,071 1,785,068 2,010,328
Profit/Loss Period Attributable - - 1,381,071 1,785,068 2,010,328
Comprehensive Income - - 1,388,949 1,784,454 2,012,140 Total Revenue (Bill. Rp)
Comprehensive Attributable - - 1,388,949 1,784,454 2,012,140
8,595
7,729
Net Cash - Operating - - 5,363,187 6,019,654 5,161,586
6,870
Net Cash - Investing - - -12,597,047 -10,893,297 -6,503,510
Net Cash - Financing - - 25,851,027 -7,920,777 -4,117,822
Net Increase/Decrease in C&CE - - 18,617,168 -12,794,420 -5,459,746
C&CE, end of period - - 19,133,193 6,338,773 879,027
Current Ratio (%) n.a. n.a. 3.29 0.77 0.31
DAR (x) n.a. n.a. 0.42 0.40 0.40 - -
DER (x) n.a. n.a. 0.72 0.66 0.67
EPS (IDR) n.a. n.a. 13.76 18.78 23.80 2019 2020 2021 2022 2023
PER (x) n.a. n.a. 60.33 42.60 29.62

BV (IDR) n.a. n.a. 403 405 407 Profit/Loss for the Period (Bill. Rp)
PBV (x) n.a. n.a. 2.06 1.98 1.73
ROA (%) n.a. n.a. 2.39 3.18 3.53
ROE (%) n.a. n.a. 4.10 5.28 5.91
2,010
GPM (%) n.a. n.a. 46.85 47.28 n.a. 1,785
OPM (%) n.a. n.a. 39.89 40.58 42.48
NPM (%) n.a. n.a. 20.10 23.10 23.39 1,381
DPS (IDR) 0.00 0.00 0.00 11.57 21.38

DPR (%) n.a. n.a. 0.00 61.61 89.83
Dividend Yield (%) n.a. n.a. 0.00 1.45 3.03
No. of Listed Shares, million n.a n.a 83,515 83,527 83,553 - -
Market Capitalization, billion IDR n.a n.a 69,318 66,822 58,905
2019 2020 2021 2022 2023

PGAS
Perusahaan Gas Negara Tbk

PGAS Perusahaan Gas Negara Tbk

Date: 31 Jan 2024 v2.0.0

PT Perusahaan Gas Negara Tbk has a main business field of Distribution and Established Listing Date IPO Price (IDR) IPO Lead Underwriter
transmission of natural gas. The company's President Director and President Danareksa Sekuritas
Commisioner are Arief Setiawan Handoko and Amien Sunaryadi. The largest 13 May 1965 15 Dec 2003 1,500
shareholder of the company is PT Pertamina (Persero) (56.96%). The
subsidiaries. One of the biggest subsidiaries is PT Pertamina Gas.
https://www.idx.co.id/en/listed-companies/company-profiles/PGAS

Domestic 12,633.6 1,177.7
Foreign 3,928.9 358.5 A Energy A11 Oil & Gas
Others 24.57% 19.55% A1 Oil, Gas & Coal A112 Oil & Gas Storage & Distribution
Year 2023 YTD 2024
Total 16,562.5 1,536.2
Fundamental & ESG
YTD 2024
8.23x 0.53x 24.68 Medium
D 439.14 193.6 632.7
-356.7 -87.7
Buy

D 4,925.3 1,569.8 6,495.1 "Foreign Buy-Domestic Sell" minus "Foreign Sell- PGAS Sector PER Market PER
Domestic Buy".
8.79x 12.82x

2023 F - Rp141.05 12-Jun-23 13-Jun-23 27-Jun-23 2008 - 04-Aug-08 11,600 500:100 2,325 0.200
2022 F - Rp124.42 08-Jun-22 09-Jun-22 29-Jun-22 - - - - - - -
2020 F - Rp41.56 29-May-20 02-Jun-20 18-Jun-20 - - - - - - -
2019 F - Rp56.99 08-May-19 09-May-19 28-May-19 - - - - - - -
2018 F - Rp31.61 07-May-18 09-May-18 30-May-18 - - - - - - -
Industry Peers
4. SHIP Sillo Maritime Perdana Tbk. 3,073.36 09/30/23 6,668,870 2,975,825 3,693,046 1,732,519 369,551
5. HITS Humpuss Intermoda 2,996.66 09/30/23 4,110,416 1,652,705 2,457,710 1,267,301 166,532
4. SHIP Sillo Maritime Perdana Tbk. 8.79 1.03 5.54 10.01 0.45 0.81
5. HITS Humpuss Intermoda Transportasi 15.65 1.81 4.05 6.78 0.40 0.67


Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 PGAS*
-24.60%
IHSG
5.39%
LQ45
4.03%
Sector**
Highest 1,625 1,600 1,445 1,450 1,440 1,395 1,525 1,435 1,400 1,235 1,130 1,165
Lowest 1,525 1,335 1,355 1,345 1,305 1,310 1,375 1,345 1,255 1,115 1,065 1,115
Close 1,565 1,380 1,430 1,430 1,305 1,365 1,375 1,375 1,255 1,115 1,130 1,165
Adj. Close* 1,565 1,380 1,430 1,430 1,305 1,365 1,375 1,375 1,255 1,115 1,130 1,165
Growth (%) -11.82% 3.62% 0.00% -8.74% 4.60% 0.73% 0.00% -8.73% -11.16% 1.35% 3.10%
Volume (mill.) 788.67 864.47 859.52 1,243.66 1,064.90 865.90 1,550.89 1,172.24 868.83 1,044.08 636.74 670.47
Value (bill.) 1,253.28 1,250.56 1,200.55 1,734.83 1,452.18 1,178.27 2,238.52 1,626.14 1,176.34 1,205.55 702.66 768.12
Frequency (th.) 132.90 141.00 108.93 161.64 145.51 117.90 169.89 157.60 119.56 138.15 95.13 103.44
Days 20 21 14 21 17 20 22 20 22 22 19 22
Price (IDR) 2019 2020 2021 2022 2023 Industry: Oil & Gas Storage & Distribution
Lowest 1,805 605 975 1,275 1,065
Close 2,170 1,655 1,375 1,760 1,130 1. PGAS -14.7% 3.1% -24.6% -13.4% -54.7%
Adj. Close* 2,170 1,655 1,375 1,760 1,130 2. AKRA 17.0% 9.8% 23.7% 185.2% 54.3%
Growth (%) -24% -17% 28% -36% 3. RAJA 46.7% -5.3% 40.5% 689.9% 242.3%
4. SHIP -19.3% 8.1% 13.0% 88.3% 37.0%
Shares Traded 2019 2020 2021 2022 2023 5. HITS -19.6% 12.2% 8.2% -10.2% -35.1%
Volume 13,020 36,696 38,494 23,879 11,801
Value 28,653 44,144 52,521 39,458 16,351 Note:
Index Membership

1. BISNIS-27 11. IDXSMC-LIQ 21. 31.
4. IDX30 14. ISSI 24. 34.
5. IDX80 15. JII 25. 35.
6. IDXBUMN20 16. JII70 26. 36.
7. IDXENERGY 17. KOMPAS100 27. 37.
8. IDXLQ45LCL 18. LQ45 28. 38.
9. IDXMESBUMN 19. MBX 29. 39.


Date: 31 Jan 2024 v2.0.0

Inventories 987,275 971,750 781,265 929,170 1,095,871 Asset Liabilities
120
Current Assets 30,950,369 28,291,609 31,265,869 34,495,196 28,924,357
- - - - - -
100
Fixed Asset 59,238,651 65,084,334 63,467,948 57,512,933 767,790,257
- - - - - - 80
Total Assets 102,826,430 106,266,878 107,173,730 112,182,254 101,885,643
Trade Payable 3,626,983 3,033,637 2,360,764 3,683,110 3,785,799 60
Curr. Maturities - Bank Loans 297,924 274,554 264,557 260,670 612,760

- - - - - - 40
- - - - - -
20
Long-term Bonds Payable 27,351,606 27,706,774 28,072,242 20,630,008 - 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 4,797,343 4,852,386 4,908,805 5,363,942 5,311,307
53,664 54,660
Par Value 100 100 100 100 100 46,873
45,102
Total Equity 45,102,326 41,686,465 46,872,589 53,664,088 54,660,288
Revenues 53,670,368 40,700,487 43,322,125 55,641,530 56,295,290
Gross Profit 17,115,660 12,051,557 8,373,744 12,170,217 11,325,734
EBT 3,903,240 -2,473,390 6,677,020 8,461,845 8,088,292
Tax -2,327,717 -570,015 -1,475,483 -2,204,112 -2,273,719
2019 2020 2021 2022 2023
Profit/Loss for the period 1,575,523 -3,043,405 5,201,538 6,257,733 5,814,573
Profit/Loss Period Attributable 942,460 -3,734,631 4,335,263 5,086,729 4,293,450
Comprehensive Income 1,809,822 -2,980,202 5,036,861 6,079,417 6,045,141 Total Revenue (Bill. Rp)
Comprehensive Attributable 1,167,216 -3,669,477 4,169,590 4,908,414 4,524,018 56,295
55,642
53,670
40,700
Net Cash - Investing -13,105,115 578,893 -1,686,287 473,715 -870,455
Net Increase/Decrease in C&CE -3,965,025 2,050,957 4,720,745 67,640 -3,262,014
C&CE, end of period 14,508,050 16,630,423 21,450,498 22,571,772 19,217,412
Current Ratio (%) 1.98 1.70 2.49 2.23 1.29
DAR (x) 0.56 0.61 0.56 0.52 0.46
DER (x) 1.28 1.55 1.29 1.09 0.86
EPS (IDR) 124.11 -3.84 -17.75 204.87 141.53 2019 2020 2021 2022 2023
PER (x) 17.49 -431.39 -77.46 8.59 7.98

PBV (x) 1.17 0.96 0.71 0.80 0.50
ROA (%) 1.53 -2.86 4.85 5.58 5.71
ROE (%) 3.49 -7.30 11.10 11.66 10.64 6,258
5,815
5,202
GPM (%) 31.89 29.61 19.33 21.87 20.12
OPM (%) 13.47 11.29 13.83 16.31 14.59
NPM (%) 2.94 -7.48 12.01 11.25 10.33
DPS (IDR) 56.99 41.56 0.00 124.42 141.05 1,576
DPR (%) 45.92 n.a. 0.00 60.73 99.66

Dividend Yield (%) 2.63 2.51 0.00 7.07 12.48
-3,043
2019 2020 2021 2022 2023

PGEO
Pertamina Geothermal Energy Tbk

PGEO Pertamina Geothermal Energy Tbk

Date: 31 Jan 2024 v2.0.0

PT Pertamina Geothermal Energy Tbk has a main business field of Organizing Established Listing Date IPO Price (IDR) IPO Lead Underwriter
geothermal business from upstream/downstream. The company's President Credit Suisse
Director and President Commisioner are Julfi Hadi and Sarman Simanjorang. 10 Dec 2006 24 Feb 2023 875 Sekuritas Indonesia
The largest shareholder of the company is PT Pertamina Tower (68.99%). The
subsidiaries. One of the biggest subsidiaries is PT Geothermal Energi Seulawah.
https://www.idx.co.id/en/listed-companies/company-profiles/PGEO

Domestic 27,136.7 2,797.2
Foreign 5,079.4 651.9 J Infrastructures J41 Electric Utilities
Others 12.14% 24.56% J4 Utilities J411 Electric Utilities
Year 2023 YTD 2024
Total 32,216.2 3,449.1
Fundamental & ESG
YTD 2024
23.02x 1.81x 8.44 Negligible
D 1,114.10 296.7 1,410.8
-109.2 -24.4
Buy

D 11,410.3 2,212.7 13,623.0 "Foreign Buy-Domestic Sell" minus "Foreign Sell- PGEO Sector PER Market PER
Domestic Buy".
11.51x 12.82x

2023 F - Rp10.87 14-Jun-23 15-Jun-23 07-Jul-23 - - - - - - -
- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
Industry Peers
1. PGEO Pertamina Geothermal 54,228.95 12/31/23 45,763,373 30,434,221 15,329,152 6,272,680 2,525,357
2. BREN Barito Renewables Energy 662,241.79 12/31/23 54,166,666 10,040,568 44,126,098 9,185,232 2,242,808
3. POWR Cikarang Listrindo Tbk. 11,341.44 12/31/23 20,444,776 10,870,976 9,573,800 8,430,914 1,188,445
4. KEEN Kencana Energi Lestari Tbk. 2,859.72 09/30/23 5,210,935 2,905,709 2,305,226 535,700 224,005
5. ARKO Arkora Hydro Tbk 2,225.66 12/31/23 1,157,639 437,916 719,723 178,790 39,108
1. PGEO Pertamina Geothermal Energy Tbk 23.02 1.81 5.52 16.47 0.67 1.99
2. BREN Barito Renewables Energy Tbk 418.00 92.90 4.14 5.08 0.19 0.23
3. POWR Cikarang Listrindo Tbk. 7.94 1.00 5.81 12.41 0.53 1.14
4. KEEN Kencana Energi Lestari Tbk. 11.12 0.98 4.30 9.72 0.56 1.26
5. ARKO Arkora Hydro Tbk 39.99 5.00 3.38 5.43 0.38 0.61


Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 PGEO*
49.71%
IHSG
5.39%
LQ45
4.03%
Sector**
Highest 875 875 765 910 925 855 1,400 1,605 1,600 1,410 1,305 1,320
Lowest 800 695 615 750 840 745 835 1,170 1,295 1,000 1,010 1,175
Close 800 695 755 910 875 850 1,380 1,445 1,415 1,055 1,170 1,310
Adj. Close* 800 695 755 910 875 850 1,380 1,445 1,415 1,055 1,170 1,310
Growth (%) -13.13% 8.63% 20.53% -3.85% -2.86% 62.35% 4.71% -2.08% -25.44% 10.90% 11.97%
Volume (mill.) 761.20 374.28 243.86 329.25 264.31 156.74 1,838.68 3,548.62 2,386.70 1,366.42 3,366.24 1,368.93
Value (bill.) 635.17 303.37 169.96 269.52 232.77 125.06 2,021.28 5,015.44 3,460.95 1,640.14 3,970.27 1,724.53
Frequency (th.) 73.08 88.24 45.08 44.67 31.83 40.42 206.87 452.15 360.99 195.40 391.61 190.27
Days 3 21 14 21 17 20 22 20 22 22 19 22
Price (IDR) 2019 2020 2021 2022 2023 Industry: Electric Utilities
Highest - - - - 1,605 No. Code 6M YTD 1Y 3Y 5Y
Lowest - - - - 615
Close - - - - 1,170 1. PGEO 54.1% 12.0% n.a. n.a. n.a.
Adj. Close* - - - - 1,170 2. BREN n.a. -33.8% n.a. n.a. n.a.
Growth (%) 0% 0% 0% 0% 3. POWR -4.1% -0.7% 6.8% 1.4% -16.1%
4. KEEN -4.3% 0.6% 48.6% 160.0% n.a.
Shares Traded 2019 2020 2021 2022 2023 5. ARKO 20.6% 7.8% 29.9% n.a. n.a.
Volume - - - - 14,636
Value - - - - 17,844 Note:
Frequency - - - - 1,930 Base date: 6M = Jul 31, 2023; YTD = Dec 29, 2023; 1Y = Jan 31, 2023; 3Y = Jan 29, 2021; 5Y = Jan 31, 2019;
Index Membership

2. ESGSKEHATI 12. LQ45 22. 32.
3. IDX30 13. MBX 23. 33.
4. IDX80 14. MNC36 24. 34.
5. IDXBUMN20 15. 25. 35.
6. IDXINFRA 16. 26. 36.
7. IDXLQ45LCL 17. 27. 37.
9. ISSI 19. 29. 39.
10. JII70 20. 30. 40.


Date: 31 Jan 2024 v2.0.0

Cash & Cash Equivalents - - - 4,089,813 10,463,273
Trade receivables - - - 1,921,293 2,104,197 Total Asset & Liabilities (Bill. Rp)
Inventories - - - - 349,601 Asset Liabilities
50
Current Assets - - - 6,756,123 13,328,149
45
- - - - - -
Fixed Asset - - - 1,902 29,967,238 40
- - - - - - 35
Total Assets - - - 38,592,383 45,763,373 30
Trade Payable - - - 1,022,149 1,274,026 25
- - - - - - 20
- - - - - - 15
- - - - - - 10
Current Liabilities - - - 13,374,537 3,768,722 5
- - - - - - -
Long-term Bonds Payable - - - - 6,148,366 2019 2020 2021 2022 2023
- - - - - -
Total Liabilities - - - 19,016,003 15,329,152
Common Stocks - - - 17,195,793 22,703,358
Paid up Capital (Shares) - - - 31,046 41,396 30,434
Par Value - - - 500 500
Retained earnings - - - 2,572,025 4,605,377
Total Equity - - - 19,576,380 30,434,221
19,576
Revenues - - - 6,019,572 6,272,680
- - - - - -
- - - - - -
Interest & Finance Costs - - - 231,105 373,855
EBT - - - 3,036,714 3,720,197 - - -
Tax - - - -1,051,556 -1,194,840
2019 2020 2021 2022 2023
Profit/Loss for the period - - - 1,985,158 2,525,357
Profit/Loss Period Attributable - - - 1,985,485 2,525,728
Comprehensive Income - - - 1,972,201 2,573,789 Total Revenue (Bill. Rp)
Comprehensive Attributable - - - 1,972,528 2,574,160
6,273
6,020
Net Cash - Operating - - - 3,434,886 3,906,160
Net Cash - Investing - - - -282,605 -1,211,653
Net Cash - Financing - - - -988,237 3,722,189
Net Increase/Decrease in C&CE - - - 2,164,045 6,416,695
C&CE, end of period - - - 4,089,813 10,463,273
Current Ratio (%) n.a. n.a. n.a. 0.51 3.54
DAR (x) n.a. n.a. n.a. 0.49 0.33 - - -
DER (x) n.a. n.a. n.a. 0.97 0.50
EPS (IDR) n.a. n.a. n.a. n.a. 56.91 2019 2020 2021 2022 2023
PER (x) n.a. n.a. n.a. n.a. 20.56

PBV (x) n.a. n.a. n.a. n.a. 1.59
ROA (%) n.a. n.a. n.a. 5.14 5.52
ROE (%) n.a. n.a. n.a. 10.14 8.30 2,525
GPM (%) n.a. n.a. n.a. 0.00 n.a.

OPM (%) n.a. n.a. n.a. 0.00 0.00 1,985
NPM (%) n.a. n.a. n.a. 32.98 40.26

DPS (IDR) 0.00 0.00 0.00 0.00 10.87
DPR (%) n.a. n.a. n.a. n.a. 19.11
No. of Listed Shares, million n.a n.a n.a n.a 41,396 - - -
Market Capitalization, billion IDR n.a n.a n.a n.a 48,433
2019 2020 2021 2022 2023

PTBA
Bukit Asam Tbk

PTBA Bukit Asam Tbk

Date: 31 Jan 2024 v2.0.0

PT Bukit Asam Tbk has a main business field of Coal mining (coal mining). The Established Listing Date IPO Price (IDR) IPO Lead Underwriter
company's President Director and President Commisioner are Arsal Ismali and Danareksa Sekuritas
Irwandy Arif. The largest shareholder of the company is PT INDONESIA 02 Mar 1981 23 Dec 2002 575
ASAHAN ALUMINIUM (PERSERO) (65.93%). The percentage of public
biggest subsidiaries is PT Huadian Bukit Asam Power.
https://www.idx.co.id/en/listed-companies/company-profiles/PTBA

Domestic 8,442.4 1,152.4
Year 2023 YTD 2024
Total 10,444.9 1,464.2
Fundamental & ESG
YTD 2024
4.74x 1.55x 31.52 High
D 455.27 100.7 556.0
-80.4 40.4
Buy

D 3,433.8 827.6 4,261.4 "Foreign Buy-Domestic Sell" minus "Foreign Sell- PTBA Sector PER Market PER
Domestic Buy".
8.79x 12.82x

2023 F - Rp10.94 26-Jun-23 27-Jun-23 14-Jul-23 2017 - 14-Dec-17 11,200 5:1 2,240 0.200
2022 F - Rp688.52 06-Jun-22 07-Jun-22 24-Jun-22 - - - - - - -
2021 F - Rp74.69 14-Apr-21 15-Apr-21 07-May-21 - - - - - - -
2020 F - Rp326.46 19-Jun-20 22-Jun-20 10-Jul-20 - - - - - - -
2019 F - Rp339.63 07-May-19 08-May-19 29-May-19 - - - - - - -
Industry Peers
2. BUMI Bumi Resources Tbk. 33,790.18 09/30/23 64,874,762 43,611,996 21,262,766 18,192,961 1,060,313
3. ITMG Indo Tambangraya Megah 30,564.47 12/31/23 33,778,170 27,613,269 6,164,901 36,657,049 7,713,633
5. HRUM Harum Energy Tbk. 15,883.77 09/30/23 22,849,886 17,470,264 5,379,623 9,949,550 2,244,885
2. BUMI Bumi Resources Tbk. 9.59 0.77 1.63 4.99 0.67 2.05
3. ITMG Indo Tambangraya Megah Tbk. 2.69 1.17 22.84 125.12 0.82 4.48
5. HRUM Harum Energy Tbk. 5.78 0.91 9.82 41.73 0.76 3.25

PTBA Bukit Asam Tbk

Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 PTBA*
-23.24%
IHSG
5.39%
LQ45
4.03%
Sector**
Highest 3,860 4,010 4,140 3,860 3,850 2,880 3,020 2,990 2,800 2,460 2,460 2,710
Lowest 3,260 3,650 3,920 2,940 2,680 2,720 2,730 2,800 2,480 2,330 2,300 2,510
Close 3,860 3,990 4,140 3,060 2,680 2,770 2,860 2,800 2,480 2,420 2,440 2,610
Adj. Close* 3,860 3,990 4,140 3,060 2,680 2,770 2,860 2,800 2,480 2,420 2,440 2,610
Growth (%) 3.37% 3.76% -26.09% -12.42% 3.36% 3.25% -2.10% -11.43% -2.42% 0.83% 6.97%
Volume (mill.) 320.04 515.70 376.93 664.05 1,275.08 625.52 522.95 369.49 307.99 190.99 179.60 280.12
Value (bill.) 1,118.73 1,994.46 1,433.11 2,189.07 4,640.00 1,739.54 1,510.76 1,065.83 826.22 457.79 428.76 732.10
Frequency (th.) 105.32 112.65 74.29 193.62 275.44 219.82 161.33 127.87 138.40 100.90 93.12 122.82
Days 20 21 14 21 17 20 22 20 22 22 19 22
Lowest 2,150 1,485 2,000 2,670 2,300
Close 2,660 2,810 2,710 3,690 2,440 1. PTBA -5.8% 7.0% -23.2% 1.2% -39.4%
Adj. Close* 2,660 2,810 2,710 3,690 2,440 2. BUMI -28.9% 7.1% -40.5% 28.2% -45.8%
Growth (%) 6% -4% 36% -34% 3. ITMG -0.6% 5.5% -25.3% 120.8% 18.6%
4. MCOL 12.6% 2.7% -12.5% n.a. n.a.
Shares Traded 2019 2020 2021 2022 2023 5. HRUM -29.2% -12.0% -32.1% 20.9% 235.7%
Volume 7,343 11,504 9,467 9,963 5,620
Value 22,668 25,855 24,211 37,857 18,337 Note:
Index Membership

2. IDX30 12. Investor33 22. 32.
3. IDX80 13. ISSI 23. 33.
4. IDXBUMN20 14. JII 24. 34.
5. IDXENERGY 15. JII70 25. 35.
6. IDXHIDIV20 16. KOMPAS100 26. 36.
7. IDXMESBUMN 17. LQ45 27. 37.
8. IDXQ30 18. MBX 28. 38.
9. IDXSMC-COM 19. 29. 39.
10. IDXSMC-LIQ 20. 30. 40.

PTBA Bukit Asam Tbk

Date: 31 Jan 2024 v2.0.0

Inventories 1,383,064 805,436 1,207,585 7,674,374 10,999,228 Asset Liabilities
50
Current Assets 11,679,884 8,364,356 18,211,500 24,432,148 15,148,356
45
- - - - - -
Fixed Asset 7,272,751 7,863,615 8,321,231 8,410,051 8,566,210 40
- - - - - - 35
Total Assets 26,098,052 24,056,755 36,123,703 45,359,207 38,765,189 30
Trade Payable 1,020,094 697,381 1,270,363 1,935,818 2,082,188 25
Curr. Maturities - Bank Loans 152,353 106,883 3,700 2,240 68,000 20

- - - - - - 15
- - - - - - 10
Long-term Bank Loans 10,121 5,993 2,240 - - -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 1,152,066 1,152,066 1,152,066 1,152,066 1,152,066
28,916
Par Value 100 100 100 100 100
Total Equity 18,422,826 16,939,196 24,253,724 28,916,046 21,563,196 21,563
18,423
Revenues 21,787,564 17,325,192 29,261,468 42,648,590 38,488,867

Gross Profit 7,611,504 4,566,260 13,484,223 17,966,286 9,157,305
EBT 5,455,162 3,231,685 10,358,675 16,202,314 8,154,313
Tax -1,414,768 -823,758 -2,321,787 -3,422,887 -1,861,792
2019 2020 2021 2022 2023
Comprehensive Attributable 3,859,832 2,228,422 7,448,164 12,554,521 5,297,052 42,649
38,489
Net Cash - Investing -3,784,778 113,585 -9,838,749 -1,294,274 7,248,649 29,261
Net Cash - Financing -2,033,191 -4,083,158 -911,583 -8,668,614 -13,234,918

21,788
Net Increase/Decrease in C&CE -1,521,490 -455,945 44,743 2,564,551 -2,881,562
17,325
C&CE, end of period 4,756,801 4,340,947 4,394,195 7,030,343 4,138,867
Current Ratio (%) 2.49 2.16 2.43 2.28 1.52
DAR (x) 0.29 0.30 0.33 0.36 0.44
DER (x) 0.42 0.42 0.49 0.57 0.80
EPS (IDR) 364.16 232.96 471.03 1,140.77 550.79 2019 2020 2021 2022 2023
PER (x) 7.30 12.06 5.75 3.23 4.43

PBV (x) 1.66 1.91 1.29 1.47 1.30
ROA (%) 15.48 10.01 22.25 28.17 16.23 12,779
ROE (%) 21.93 14.22 33.14 44.19 29.18
GPM (%) 34.94 26.36 46.08 42.13 23.79
OPM (%) 22.25 14.05 33.80 34.29 17.06
8,037
NPM (%) 18.54 13.90 27.47 29.96 16.35
DPS (IDR) 339.63 326.46 74.69 688.52 10.94 6,293
DPR (%) 93.27 140.14 15.86 60.36 1.99

4,040
Dividend Yield (%) 12.77 11.62 2.76 18.66 0.45
2,408
2019 2020 2021 2022 2023

PTMP
Mitra Pack Tbk

PTMP Mitra Pack Tbk

Date: 31 Jan 2024 v2.0.0

PT Mitra Pack Tbk has a main business field of Trade as an official distributor Established Listing Date IPO Price (IDR) IPO Lead Underwriter
and rental of packaging industry goods including spare parts and service. The NH Korindo
company's President Director and President Commisioner are Ardi Kusuma and 25 May 2000 06 Mar 2023 120 Sekuritas Indonesia
Jessica Kusuma. The largest shareholder of the company is PT Kencana Usaha
Sentosa (72.51%). The percentage of public shareholding (<5%) is 25.24%. Stock Overview
For more information click here: Development 671,870,400,000 2,539,913,717,700
https://www.idx.co.id/en/listed-companies/company-profiles/PTMP

Domestic 1,330.2 1,035.8
97%
Foreign 66.3 92.2 C Industrials C14 Machinery
8%
3%
Others 0.28% 13.71% C1 Industrial Goods C143 Industrial Machinery & Components
Year 2023 YTD 2024
Total 1,396.5 1,128.0
Fundamental & ESG
YTD 2024
79.06x 4.00x 29.43 Medium
D 474.58 43.3 517.9
2.7 -0.1
Buy

D 632.9 30.8 663.7 "Foreign Buy-Domestic Sell" minus "Foreign Sell- PTMP Sector PER Market PER
Domestic Buy".
9.81x 12.82x
Total 666.5 31.8 698.2 foreign investors.

- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
Industry Peers
1. PTMP Mitra Pack Tbk 671.87 12/31/23 257,054 170,863 86,192 152,991 8,406
2. MARK Mark Dynamics Indonesia 3,059.00 12/31/23 951,551 840,102 111,449 559,469 156,039
3. KRAH Grand Kartech Tbk. 423.44 09/30/19 598,205 34,512 563,693 179,496 -24,189
4. APII Arita Prima Indonesia Tbk. 201.17 09/30/23 581,571 396,394 185,177 234,164 18,655
5. AMIN Ateliers Mecaniques D 164.16 10/31/23 355,036 168,312 186,724 230,015 14,140
1. PTMP Mitra Pack Tbk 79.06 4.00 3.27 9.75 0.66 1.98
2. MARK Mark Dynamics Indonesia Tbk. 24.67 3.79 16.40 140.01 0.88 7.54
3. KRAH Grand Kartech Tbk. NA 12.27 -4.04 -4.29 0.06 0.06
4. APII Arita Prima Indonesia Tbk. 19.70 0.51 3.21 10.07 0.68 2.14
5. AMIN Ateliers Mecaniques D Indonesie 9.21 0.98 3.98 7.57 0.47 0.90

PTMP Mitra Pack Tbk

Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 PTMP*
76.67%
IHSG
5.39%
LQ45
4.03%
Sector**
Highest - 188 212 212 110 151 177 180 214 204 204 284
Lowest - 128 158 98 72 95 121 121 174 141 136 198
Close - 185 165 98 101 151 121 175 194 141 202 212
Adj. Close* - 185 165 98 101 151 121 175 194 141 202 212
Growth (%) - -10.81% -40.61% 3.06% 49.50% -19.87% 44.63% 10.86% -27.32% 43.26% 4.95%
Volume (mill.) - 2,980.61 1,512.11 2,476.81 542.92 271.45 974.65 740.36 817.53 735.65 736.50 2,218.67
Value (bill.) - 462.42 285.99 444.47 52.84 31.97 154.76 110.74 158.80 133.10 140.84 563.99
Frequency (th.) - 407.18 401.09 443.50 51.42 24.12 223.01 140.56 176.99 141.07 92.38 340.87
Days - 18 14 21 17 20 22 20 22 22 19 22
Price (IDR) 2019 2020 2021 2022 2023 Industry: Industrial Machinery & Components
Highest - - - - 214 No. Code 6M YTD 1Y 3Y 5Y
Lowest - - - - 72
Close - - - - 202 1. PTMP 40.4% 5.0% n.a. n.a. n.a.
Adj. Close* - - - - 202 2. MARK 26.8% 32.0% 36.4% -16.1% 87.2%
Growth (%) 0% 0% 0% 0% 3. KRAH 0.0% 0.0% 0.0% 0.0% -82.8%
4. APII -2.1% 0.0% -4.6% 10.0% 2.7%
Shares Traded 2019 2020 2021 2022 2023 5. AMIN 21.6% -5.0% -7.3% -42.9% -66.7%
Volume - - - - 11,789
Value - - - - 1,976 Note:
Frequency - - - - 2,101 Base date: 6M = Jul 31, 2023; YTD = Dec 29, 2023; 1Y = Jan 31, 2023; 3Y = Jan 29, 2021; 5Y = Jan 31, 2019;
Index Membership
No. Index Code

1. COMPOSITE 11. 21. 31.
2. DBX 12. 22. 32.
3. IDX80 13. 23. 33.
4. IDXINDUST 14. 24. 34.
5. ISSI 15. 25. 35.
6. JII70 16. 26. 36.
7. KOMPAS100 17. 27. 37.
8. LQ45 18. 28. 38.
9. 19. 29. 39.
10. 20. 30. 40.

PTMP Mitra Pack Tbk

Date: 31 Jan 2024 v2.0.0

Cash & Cash Equivalents - - - - 9,566
Trade receivables - - - - 37,215 Total Asset & Liabilities (Bill. Rp)
0
Current Assets - - - - 228,261
- - - - - -
0
Fixed Asset - - - - 18,067
- - - - - - 0
Total Assets - - - - 257,054
Trade Payable - - - - 16,274 0
Curr. Maturities - Bank Loans - - - - 40,238

- - - - - - 0
- - - - - -
0
Current Liabilities - - - - 69,090
Long-term Bank Loans - - - - 1,020 -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Total Liabilities - - - - 86,192
Common Stocks - - - - 79,230 171
Paid up Capital (Shares) - - - - 1
Par Value - - - - 100,000
Retained earnings - - - - 15,748
Total Equity - - - - 170,863
Revenues - - - - 152,991
Gross Profit - - - - 50,652
Operating Profit/Loss - - - - 17,061
Interest & Finance Costs - - - - 2,230
EBT - - - - 11,103 - - - -
Tax - - - - -2,698
2019 2020 2021 2022 2023
Profit/Loss for the period - - - - 8,406
Profit/Loss Period Attributable - - - - 8,406
Comprehensive Income - - - - 8,978 Total Revenue (Bill. Rp)
Comprehensive Attributable - - - - 8,978
153
Net Cash - Operating - - - - -86,337
Net Cash - Investing - - - - -3,854
Net Cash - Financing - - - - 96,257
Net Increase/Decrease in C&CE - - - - 6,066
C&CE, end of period - - - - 9,566
Current Ratio (%) n.a. n.a. n.a. n.a. 3.30
DAR (x) n.a. n.a. n.a. n.a. 0.34 - - - -
DER (x) n.a. n.a. n.a. n.a. 0.50
EPS (IDR) n.a. n.a. n.a. n.a. 2.68 2019 2020 2021 2022 2023
PER (x) n.a. n.a. n.a. n.a. 75.33

PBV (x) n.a. n.a. n.a. n.a. 3.75
ROA (%) n.a. n.a. n.a. n.a. 3.27 8
ROE (%) n.a. n.a. n.a. n.a. 4.92
GPM (%) n.a. n.a. n.a. n.a. 33.11
OPM (%) n.a. n.a. n.a. n.a. 11.15
NPM (%) n.a. n.a. n.a. n.a. 5.49
DPS (IDR) 0.00 0.00 0.00 0.00 0.00
DPR (%) n.a. n.a. n.a. n.a. 0.00
No. of Listed Shares, million n.a n.a n.a n.a 3,169 - - - -
Market Capitalization, billion IDR n.a n.a n.a n.a 640
2019 2020 2021 2022 2023

SIDO
Industri Jamu dan Farmasi Sido Muncul Tbk

SIDO Industri Jamu dan Farmasi Sido Muncul Tbk

Date: 31 Jan 2024 v2.0.0

PT Industri Jamu dan Farmasi Sido Muncul Tbk has a main business field of Established Listing Date IPO Price (IDR) IPO Lead Underwriter
Engaged in the field of herbal medicine and pharmaceutical industries. The Kresna Graha
company's President Director and President Commisioner are David Hidayat and 18 Mar 1975 18 Dec 2013 580 Sekurindo Tbk
Jonatha Sofjan Hidajat. The largest shareholder of the company is PT. Hotel
Candi Baru (60.46%). The percentage of public shareholding (<5%) is 22.40%. Stock Overview
The company has 4 subsidiaries. One of the biggest subsidiaries is PT Muncul
Mekar. Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
https://www.idx.co.id/en/listed-companies/company-profiles/SIDO

Domestic 3,405.6 310.8
Foreign 1,127.8 122.8 F Healthcare F21 Pharmaceuticals
Others 25.80% 29.52% F2 Pharmaceuticals & Health Care F211 Pharmaceuticals
Year 2023 YTD 2024 Research
Total 4,533.5 433.7
Fundamental & ESG
YTD 2024
15.76x 4.49x 19.06 Low
D 109.78 60.2 170.0
-76.9 -29.1
Buy

D 1,286.8 454.4 1,741.3 "Foreign Buy-Domestic Sell" minus "Foreign Sell- SIDO Sector PER Market PER
Domestic Buy".
19.35x 12.82x

2023 I - Rp12.60 01-Nov-23 02-Nov-23 20-Nov-23 2020 - 14-Sep-20 1,495 2:1 745 0.500
2023 F - Rp23.00 10-Apr-23 11-Apr-23 28-Apr-23 - - - - - - -
2022 I - Rp13.50 08-Nov-22 09-Nov-22 18-Nov-22 - - - - - - -
2022 F - Rp22.70 08-Apr-22 11-Apr-22 28-Apr-22 - - - - - - -
2021 BS 131:1 Rp795.00 28-Sep-21 29-Sep-21 05-Oct-21 - - - - - - -
Industry Peers
1. SIDO Industri Jamu dan Farmasi 15,300.00 12/31/23 3,890,706 3,385,941 504,765 3,565,930 950,648
2. KLBF Kalbe Farma Tbk. 70,781.43 09/30/23 27,181,763 22,373,736 4,808,027 22,561,006 2,073,296
3. TSPC Tempo Scan Pacific Tbk. 9,335.42 09/30/23 11,310,522 8,068,498 3,242,024 9,766,478 1,000,377
4. SOHO Soho Global Health Tbk. 5,812.79 09/30/23 4,666,827 2,545,749 2,121,078 6,028,523 270,001
5. KAEF Kimia Farma Tbk. 5,204.70 09/30/23 20,550,673 9,442,036 11,108,637 7,715,277 -130,274
1. SIDO Industri Jamu dan Farmasi Sido 15.76 4.49 24.43 188.33 0.87 6.71
2. KLBF Kalbe Farma Tbk. 23.90 3.16 7.63 43.12 0.82 4.65
3. TSPC Tempo Scan Pacific Tbk. 6.61 1.16 8.84 30.86 0.71 2.49
4. SOHO Soho Global Health Tbk. 17.15 2.28 5.79 12.73 0.55 1.20
5. KAEF Kimia Farma Tbk. -31.27 0.55 -0.63 -1.17 0.46 0.85


Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 SIDO*
-32.45%
IHSG
5.39%
LQ45
4.03%
Sector**
*Adjusted Close Price; **Healthcare
Highest 890 910 860 810 765 745 655 620 605 505 570 525
Lowest 780 820 790 725 720 640 615 585 510 486 498 500
Close 880 870 790 725 730 640 620 590 510 500 525 510
Adj. Close* 880 870 790 725 730 640 620 590 510 500 525 510
Growth (%) -1.14% -9.20% -8.23% 0.69% -12.33% -3.13% -4.84% -13.56% -1.96% 5.00% -2.86%
Volume (mill.) 505.29 540.58 271.45 403.24 392.89 1,040.98 679.69 738.30 710.93 478.24 771.62 421.42
Value (bill.) 421.22 473.14 221.67 312.64 289.66 721.46 434.49 446.48 404.69 237.53 417.31 216.83
Frequency (th.) 100.48 94.56 82.90 111.68 91.40 189.50 138.31 120.14 116.71 86.03 104.17 77.32
Days 20 21 14 21 17 20 22 20 22 22 19 22
Price (IDR) 2019 2020 2021 2022 2023 Industry: Pharmaceuticals

Highest 1,305 1,495 930 1,050 910 No. Code 6M YTD 1Y 3Y 5Y
Lowest 750 730 710 635 486
Close 1,275 805 865 755 525 1. SIDO -20.3% -2.9% -32.5% -30.1% 24.4%
Adj. Close* 638 403 865 755 525 2. KLBF -21.1% -6.2% -26.7% 3.1% -5.6%
Growth (%) -37% 115% -13% -30% 3. TSPC 22.1% 12.8% 47.3% 51.1% 35.7%
4. SOHO -5.6% -8.4% -18.6% -5.4% n.a.
Shares Traded 2019 2020 2021 2022 2023 5. KAEF 10.0% -35.3% -10.8% -70.0% -68.3%
Volume 1,178 3,384 10,072 8,976 6,971
Value 1,289 3,324 7,552 7,628 4,707 Note:
Index Membership

3. IDX80 13. JII70 23. 33.
4. IDXESGL 14. KOMPAS100 24. 34.
5. IDXHEALTH 15. LQ45 25. 35.
6. IDXLQ45LCL 16. MBX 26. 36.
7. IDXQ30 17. 27. 37.
8. IDXSHAGROW 18. 28. 38.
9. IDXSMC-COM 19. 29. 39.
10. IDXSMC-LIQ 20. 30. 40.


Date: 31 Jan 2024 v2.0.0

Cash & Cash Equivalents 864,824 1,031,954 1,082,219 923,047 830,128
Inventories 299,244 309,478 454,810 1,085,248 816,908 Asset Liabilities
5
Current Assets 1,716,235 2,052,081 2,244,707 2,194,242 2,066,770
- - - - - - 4
Fixed Asset 1,593,059 1,568,264 1,588,101 1,610,837 1,554,538 4

- - - - - - 3
Total Assets 3,536,898 3,849,516 4,068,970 4,081,442 3,890,706
3
Trade Payable 154,138 203,691 188,668 209,323 187,198
2
- - - - - -
- - - - - - 2
- - - - - - 1
Current Liabilities 416,211 560,043 543,370 541,048 461,979 1

- - - - - - -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Total Liabilities 472,191 627,776 597,785 575,967 504,765
Common Stocks 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000
3,471
Par Value 100 50 50 50 50
3,386
Retained earnings 917,545 1,073,314 1,323,435 1,353,670 1,234,136
Total Equity 3,064,707 3,221,740 3,471,185 3,505,475 3,385,941
3,222
Revenues 3,067,434 3,335,411 4,020,980 3,865,523 3,565,930
3,065
Gross Profit 1,680,564 1,838,783 2,286,032 2,162,613 2,018,695
Interest & Finance Costs -154 -522 -862 780 681
EBT 1,073,835 1,199,548 1,613,231 1,419,852 1,219,539
Tax -266,146 -265,532 -352,333 -315,138 -268,891
2019 2020 2021 2022 2023
Profit/Loss for the period 807,689 934,016 1,260,898 1,104,714 950,648
Profit/Loss Period Attributable 807,689 934,016 1,260,898 1,104,714 950,648
Comprehensive Income 802,121 929,757 1,268,263 1,116,235 948,466 Total Revenue (Bill. Rp)
Comprehensive Attributable 802,121 929,757 1,268,263 1,116,235 948,466
4,021
3,866
Net Cash - Operating 836,914 1,035,754 1,199,317 1,107,137 1,055,394 3,335
3,067
Net Cash - Investing -136,225 -95,119 -124,305 -179,622 -46,993
Net Cash - Financing -640,028 -774,907 -1,025,193 -1,088,230 -1,074,265
Net Increase/Decrease in C&CE 60,661 165,728 49,819 -160,715 -65,864
C&CE, end of period 864,824 1,031,954 1,082,219 923,047 830,128
Current Ratio (%) 4.12 3.66 4.13 4.06 4.47
DAR (x) 0.13 0.16 0.15 0.14 0.13
DER (x) 0.15 0.19 0.17 0.16 0.15
EPS (IDR) 50.81 29.00 34.07 37.19 32.36 2019 2020 2021 2022 2023
PER (x) 25.09 27.76 25.39 20.30 16.22

PBV (x) 6.24 7.50 7.48 6.46 4.65
ROA (%) 22.84 24.26 30.99 27.07 24.43
1,261
ROE (%) 26.35 28.99 36.32 31.51 28.08
1,105
GPM (%) 54.79 55.13 56.85 55.95 56.61
934 951
OPM (%) 33.17 34.35 38.80 35.56 34.88
808
NPM (%) 26.33 28.00 31.36 28.58 26.66
DPS (IDR) 43.00 39.50 848.10 36.20 35.60
DPR (%) 84.63 136.20 2,488.98 97.33 110.01
Dividend Yield (%) 3.37 4.91 98.05 4.79 6.78
2019 2020 2021 2022 2023

SMGR
Semen Indonesia (Persero) Tbk

SMGR Semen Indonesia (Persero) Tbk

Date: 31 Jan 2024 v2.0.0

PT Semen Indonesia (Persero) Tbk has a main business field of Cement Established Listing Date IPO Price (IDR) IPO Lead Underwriter
Producer. The company's President Director and President Commisioner are Buanamas
Donny Arsal and Budi Waseso. The largest shareholder of the company is 25 Mar 1953 08 Jul 1991 7,000 Investindo
Pemerintah RI (51.01%). The percentage of public shareholding (<5%) is 0.00%.
The company has 17 subsidiaries. One of the biggest subsidiaries is PT Solusi Stock Overview
Bangun Indonesia Tbk.
https://www.idx.co.id/en/listed-companies/company-profiles/SMGR

Domestic 8,196.0 842.1
62% 60% Institution 26.63% 28.79%
Foreign 5,817.5 728.4 B Basic Materials B12 Construction Materials
38% 40%
Others 19.24% 42.59% B1 Basic Materials B121 Construction Materials
Year 2023 YTD 2024
Total 14,013.5 1,570.4
Fundamental & ESG
YTD 2024
17.24x 0.89x 22.87 Medium
D 231.12 188.1 419.2
-217.4 3.6
Buy

D 2,531.5 1,675.2 4,206.7 "Foreign Buy-Domestic Sell" minus "Foreign Sell- SMGR Sector PER Market PER
Domestic Buy".
11.74x 12.82x

2023 F - Rp245.19 04-May-23 05-May-23 17-May-23 2022 - 13-Dec-22 6,750 100000000:14266416 6,725 0.997
2022 F - Rp172.64 11-Apr-22 12-Apr-22 28-Apr-22 2007 - 07-Aug-07 51,200 10:1 5,150 0.100
2021 F - Rp188.30 08-Apr-21 09-Apr-21 29-Apr-21 - - - - - - -
2020 F - Rp40.33 30-Jun-20 01-Jul-20 23-Jul-20 - - - - - - -
2019 F - Rp207.64 10-Jun-19 11-Jun-19 21-Jun-19 - - - - - - -
Industry Peers
1. SMGR Semen Indonesia (Persero) 41,859.55 12/31/23 81,820,529 47,800,976 34,019,553 38,651,360 2,295,601
2. INTP Indocement Tunggal 33,223.12 09/30/23 25,783,330 20,285,201 5,498,129 12,927,691 1,267,267
3. CMNT Cemindo Gemilang Tbk. 19,180.56 09/30/23 17,942,487 4,035,253 13,907,234 6,862,932 203,673
4. SMCB Solusi Bangun Indonesia 11,770.29 12/31/23 22,206,739 12,504,614 9,702,125 12,371,333 894,645
5. WSBP Waskita Beton Precast Tbk. 2,727.79 09/30/23 5,091,434 -1,180,507 6,271,941 1,033,936 -509,859
1. SMGR Semen Indonesia (Persero) Tbk. 17.24 0.89 2.81 6.75 0.58 1.41
2. INTP Indocement Tunggal Prakarsa Tbk. 15.36 1.64 4.92 23.05 0.79 3.69
3. CMNT Cemindo Gemilang Tbk. 167.18 4.75 1.14 1.46 0.22 0.29
4. SMCB Solusi Bangun Indonesia Tbk. 14.74 0.97 4.03 9.22 0.56 1.29
5. WSBP Waskita Beton Precast Tbk. -2.69 -2.31 -10.01 -8.13 -0.23 -0.19


Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 SMGR*
-16.22%
IHSG
5.39%
LQ45
4.03%
Sector**
Highest 7,750 7,250 6,375 6,125 6,150 7,000 7,225 7,100 6,600 6,700 6,550 6,475
Lowest 7,225 6,000 5,950 5,700 5,825 6,075 6,650 6,425 6,100 6,050 6,125 5,975
Close 7,225 6,300 5,950 5,800 6,075 6,975 6,800 6,425 6,100 6,500 6,400 6,200
Adj. Close* 7,225 6,300 5,950 5,800 6,075 6,975 6,800 6,425 6,100 6,500 6,400 6,200
Growth (%) -12.80% -5.56% -2.52% 4.74% 14.81% -2.51% -5.51% -5.06% 6.56% -1.54% -3.13%
Volume (mill.) 164.30 231.54 215.15 296.87 157.52 288.10 264.34 149.25 145.83 126.09 94.04 126.76
Value (bill.) 1,223.98 1,505.47 1,306.78 1,749.32 946.87 1,909.07 1,815.54 1,021.52 934.94 808.03 591.47 785.22
Frequency (th.) 76.54 96.04 77.36 105.81 65.21 94.36 106.41 68.71 65.06 56.47 46.09 55.60
Days 20 21 14 21 17 20 22 20 22 22 19 22
Price (IDR) 2019 2020 2021 2022 2023 Industry: Construction Materials
Lowest 10,475 5,875 7,225 5,950 5,700
Close 12,000 12,425 7,250 6,575 6,400 1. SMGR -11.1% -3.1% -16.2% -41.3% -50.9%
Adj. Close* 11,967 12,391 7,230 6,557 6,400 2. INTP -13.4% -4.0% -9.8% -32.5% -53.1%
Growth (%) 4% -42% -9% -2% 3. CMNT 23.8% 4.7% 17.9% n.a. n.a.
4. SMCB -13.6% -3.0% -4.7% -25.6% -34.1%
Shares Traded 2019 2020 2021 2022 2023 5. WSBP 0.0% 0.0% -47.4% -80.0% -87.0%
Volume 2,178 1,717 2,248 3,100 2,392
Value 26,928 16,567 20,592 21,597 15,648 Note:
Index Membership

1. BISNIS-27 11. IDXMESBUMN 21. MNC36 31.
2. COMPOSITE 12. IDXSMC-COM 22. SMinfra18 32.
3. ESGQKEHATI 13. IDXSMC-LIQ 23. SRI-KEHATI 33.
5. I-GRADE 15. ISSI 25. 35.
6. IDX30 16. JII 26. 36.
7. IDX80 17. JII70 27. 37.
8. IDXBASIC 18. KOMPAS100 28. 38.
9. IDXBUMN20 19. LQ45 29. 39.
10. IDXHIDIV20 20. MBX 30. 40.


Date: 31 Jan 2024 v2.0.0

90
Current Assets 16,658,531 15,564,604 15,270,235 18,878,979 19,782,972
Fixed Asset 56,601,702 56,053,483 54,720,267 57,805,992 56,771,009 70

- - - - - - 60
Total Assets 79,807,067 78,006,244 76,504,240 82,960,012 81,820,529
50
Trade Payable 5,669,759 6,520,699 7,612,522 8,095,924 8,096,285
40
Curr. Maturities - Bank Loans 2,052,348 1,100,000 - 499,666 975,000
- - - - - - 30
- - - - - - 20

- - - - - -
Common Stocks 593,152 593,152 593,152 675,154 675,154
Par Value 100 100 100 100 100 47,239 47,801

Total Equity 33,891,924 35,653,335 39,782,883 47,239,360 47,800,976 35,653
33,892
Revenues 40,368,107 35,171,668 34,957,871 36,378,597 38,651,360
Gross Profit 12,713,983 11,617,101 10,953,331 10,677,604 10,176,977
EBT 3,195,775 3,488,650 3,470,137 3,298,835 3,303,760
Tax -824,542 -814,307 -1,387,790 -799,752 -1,008,159
2019 2020 2021 2022 2023
40,368
Net Cash - Investing -17,160,548 -2,251,194 -1,789,177 -566,637 -1,656,184

Net Cash - Financing 10,284,852 -6,003,196 -5,360,657 -2,440,997 -3,146,132
36,379
Net Increase/Decrease in C&CE -1,266,765 -1,033,133 -461,045 3,029,895 943,044
C&CE, end of period 3,950,448 2,930,598 2,470,289 6,007,333 6,939,841 35,172
34,958
Current Ratio (%) 1.36 1.35 1.07 1.45 1.23
DAR (x) 0.58 0.54 0.48 0.43 0.42
DER (x) 1.35 1.19 0.92 0.76 0.71
EPS (IDR) 385.52 444.91 444.78 338.26 359.70 2019 2020 2021 2022 2023
PER (x) 31.13 27.93 16.30 19.44 17.79

PBV (x) 2.10 2.07 1.08 0.94 0.90
ROA (%) 2.97 3.43 2.72 3.01 2.81
2,674
ROE (%) 7.00 7.50 5.23 5.29 4.80 2,499
2,371
GPM (%) 31.50 33.03 31.33 29.35 26.33 2,296
2,082
OPM (%) 15.09 16.07 14.36 12.56 11.16
NPM (%) 5.87 7.60 5.96 6.87 5.94
DPS (IDR) 207.64 40.33 188.30 172.64 245.19
DPR (%) 53.86 9.06 42.34 51.04 68.16
Dividend Yield (%) 1.73 0.32 2.60 2.63 3.83
2019 2020 2021 2022 2023

SRTG
Saratoga Investama Sedaya Tbk

SRTG Saratoga Investama Sedaya Tbk

Date: 31 Jan 2024 v2.0.0

PT Saratoga Investama Sedaya Tbk has a main business field of Holding Established Listing Date IPO Price (IDR) IPO Lead Underwriter
company activities. The company's President Director and President Deutsche Securities
Commisioner are Michael W.P. Soeryadjaya and Edwin Soeryadjaya. The largest 17 May 1991 26 Jun 2013 5,500 Indonesia
shareholder of the company is Edwin Soeryadjaya (33.10%). The percentage of
public shareholding (<5%) is 12.31%. The company has 16 subsidiaries. One of Stock Overview
the biggest subsidiaries is PT Wahana Anugerah Sejahtera.
https://www.idx.co.id/en/listed-companies/company-profiles/SRTG

Domestic 6,631.7 885.6
Foreign 1,071.2 101.7 G Financials G51 Holding & Investment Companies
Others 15.69% 0.50% G5 Holding & Investment Companies G512 Investment Companies
Year 2023 YTD 2024
Total 7,702.9 987.2
Fundamental & ESG
YTD 2024
-1.56x 0.42x 29.37 Medium
D 398.55 50.9 449.4
8.6 -13.3
Buy

D 2,857.3 454.2 3,311.6 "Foreign Buy-Domestic Sell" minus "Foreign Sell- SRTG Sector PER Market PER
Domestic Buy".
16.26x 12.82x

2023 F - Rp75.00 25-May-23 26-May-23 14-Jun-23 2021 - 18-May-21 5,600 5:1 1,120 0.200
2022 F - Rp60.00 10-May-22 11-May-22 13-May-22 - - - - - - -
2021 F - Rp110.00 07-May-21 10-May-21 28-May-21 - - - - - - -
2020 F - Rp55.00 26-Jun-20 29-Jun-20 15-Jul-20 - - - - - - -
2019 F - Rp110.00 10-Jun-19 11-Jun-19 20-Jun-19 - - - - - - -
Industry Peers
1. SRTG Saratoga Investama Sedaya 20,482.90 12/31/23 50,945,120 48,788,224 2,156,896 2,808,136 -10,151,341
2. DNET Indoritel Makmur 65,246.40 09/30/23 20,167,147 12,992,879 7,174,268 1,031,180 660,575
3. PALM Provident Investasi Bersama 3,403.14 09/30/23 6,472,264 3,817,999 2,654,265 2,510 -1,946,705
4. LPPS Lenox Pasifik Investama Tbk. 188.94 09/30/23 1,013,169 1,013,093 76 180 20,852
5. NICK Charnic Capital Tbk. 168.00 12/31/23 196,285 194,998 1,286 -66,340 -68,443
1. SRTG Saratoga Investama Sedaya Tbk. -1.56 0.42 -19.93 -470.65 0.96 22.62
2. DNET Indoritel Makmur Internasional Tbk. 68.84 5.02 3.28 9.21 0.64 1.81
3. PALM Provident Investasi Bersama Tbk. -1.97 0.89 -30.08 -73.34 0.59 1.44
4. LPPS Lenox Pasifik Investama Tbk. 7.29 0.19 2.06 27514.36 1.00 13367.87
5. NICK Charnic Capital Tbk. -1.38 0.89 -34.87 -5320.32 0.99 151.58


Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 SRTG*
-37.86%
IHSG
5.39%
LQ45
4.03%
Sector**
Highest 2,430 2,340 2,010 1,785 1,780 1,760 1,725 1,915 1,785 1,635 1,665 1,700
Lowest 2,230 1,900 1,835 1,535 1,550 1,610 1,555 1,635 1,430 1,420 1,510 1,510
Close 2,360 1,985 1,895 1,550 1,670 1,610 1,665 1,760 1,430 1,635 1,640 1,510
Adj. Close* 2,360 1,985 1,895 1,550 1,670 1,610 1,665 1,760 1,430 1,635 1,640 1,510
Growth (%) -15.89% -4.53% -18.21% 7.74% -3.59% 3.42% 5.71% -18.75% 14.34% 0.31% -7.93%
Volume (mill.) 299.42 336.07 240.35 403.30 397.51 372.36 219.82 464.62 323.29 569.87 334.31 303.71
Value (bill.) 691.78 695.28 458.49 686.66 662.31 634.16 358.98 843.69 517.17 853.61 536.03 493.62
Frequency (th.) 68.24 74.86 54.30 92.40 76.32 74.46 58.47 95.40 76.79 61.36 59.16 65.36
Days 20 21 14 21 17 20 22 20 22 22 19 22
Price (IDR) 2019 2020 2021 2022 2023 Industry: Investment Companies
Lowest 3,460 2,700 1,090 2,140 1,420
Close 3,620 3,430 2,800 2,530 1,640 1. SRTG -6.2% -7.9% -37.9% 51.0% 101.3%
Adj. Close* 724 686 560 2,530 1,640 2. DNET 2.2% -2.1% 13.6% 37.3% 41.5%
Growth (%) -5% -18% 352% -35% 3. PALM -21.0% -23.5% -33.1% 55.2% 74.5%
4. LPPS 10.6% 12.3% -5.2% -8.8% -30.5%
Shares Traded 2019 2020 2021 2022 2023 5. NICK 32.3% 4.0% 43.3% 0.0% 43.3%
Volume 216 217 3,498 4,149 4,267
Value 844 720 7,556 11,709 7,680 Note:
Frequency 9 45 770 1,305 862 Base date: 6M = Jul 31, 2023; YTD = Dec 29, 2023; 1Y = Jan 31, 2023; 3Y = Jan 29, 2021; 5Y = Jan 31, 2019;
Index Membership
No. Index Code

1. COMPOSITE 11. 21. 31.
2. IDX80 12. 22. 32.
3. IDXFINANCE 13. 23. 33.
4. IDXSMC-COM 14. 24. 34.
5. IDXSMC-LIQ 15. 25. 35.
6. ISSI 16. 26. 36.
7. JII70 17. 27. 37.
8. KOMPAS100 18. 28. 38.
9. LQ45 19. 29. 39.
10. MBX 20. 30. 40.


Date: 31 Jan 2024 v2.0.0

Cash on Hand 516 799 812 894 2,511
Current accounts (BI & Banks) 283,750 140,031 462,098 548,222 449,077 Total Asset & Liabilities (Bill. Rp)
Investment in Subsidiaries 25,681,182 34,191,566 59,453,052 61,376,907 48,650,482 Asset Liabilities
70
- - - - - -
- - - - - - 60
- - - - - -
50
- - - - - -
Total Assets 26,657,523 35,048,949 61,151,527 63,771,150 50,945,120 40
Fund Borrowings 3,325,186 3,229,558 3,935,393 1,544,224 926,106
30
- - - - - -
- - - - - - 20
- - - - - -
- - - - - - 10
- - - - - - -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 271,297 271,297 271,297 271,297 271,297
Paid up Capital (Shares) 2,713 2,713 13,565 13,565 - 59,816
Par Value 100 100 20 20 - 56,015
Total equity 22,774,165 31,396,627 56,014,782 59,816,437 48,788,224
Interest Income 22,130 17,420 8,496 21,473 24,540
22,774
Interest Expenses -316,879 -220,676 -192,137 -184,833 -95,106
Securities Income 6,226,088 8,418,729 24,408,177 3,725,989 -13,811,067
Profit from Operation 7,738,088 8,693,225 25,696,068 5,858,672 -11,309,265
EBT 7,738,088 8,693,225 25,696,068 5,858,672 -11,309,265
Tax -393,970 130,107 -804,242 -1,232,449 1,157,924
2019 2020 2021 2022 2023
Profit for the period 7,344,118 8,823,332 24,891,826 4,626,223 -10,151,341
Profit/Loss Period Attributable 7,371,033 8,825,428 24,889,900 4,616,367 -10,149,771
Comprehensive Income 7,341,816 8,824,883 24,895,209 4,586,222 -10,124,909 Total Revenue (Bill. Rp)
Comprehensive Attributable 7,369,027 8,825,999 24,893,268 4,587,086 -10,124,870
Cash Flow Statements Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 25
Net Cash - Operating 674,502 366,699 -362,643 3,707,312 1,407,919 22 21
Net Cash - Investing -243 -425 -453 -1,401 -891
17
Net Cash - Financing -1,064,590 -314,474 383,298 -3,385,721 -1,611,183
Net Increase/Decrease in C&CE -390,331 51,800 20,202 320,190 -204,155
C&CE, end of period 516 799 812 894 2,511
8
DAR (x) 0.15 0.10 0.08 0.06 0.04
DER (x) 0.17 0.12 0.09 0.07 0.04
EPS (IDR) 654.97 575.89 1,599.64 1,324.58 -968.44 2019 2020 2021 2022 2023
PER (x) 5.53 5.96 1.75 1.91 -1.69

PBV (x) 0.43 0.30 0.68 0.57 0.46
ROA (%) 27.55 25.17 40.71 7.25 -19.93
24,892
ROE (%) 32.25 28.10 44.44 7.73 -20.81
GPM (%) -1,431.90 -1,266.80 -2,261.50 -860.77 -387.56
OPM (%) 28,134.15 48,327.95 287,290.22 17,351.97 -56,279.82
NPM (%) 33,186.25 50,650.59 292,982.89 21,544.37 -41,366.51 8,823
7,344
DPS (IDR) 110.00 55.00 110.00 60.00 75.00 4,626
DPR (%) 16.79 9.55 6.88 4.53 n.a.
Dividend Yield (%) 3.04 1.60 3.93 2.37 4.57
-10,151
2019 2020 2021 2022 2023

TLKM
Telkom Indonesia (Persero) Tbk

TLKM Telkom Indonesia (Persero) Tbk

Date: 31 Jan 2024 v2.0.0

PT Telkom Indonesia (Persero) Tbk has a main business field of Established Listing Date IPO Price (IDR) IPO Lead Underwriter
Telecommodation Network and Service Organizers. The company's President Bahana Securities
Director and President Commisioner are Ririek Adriansyah and Bambang 24 Sep 1991 14 Nov 1995 2,050
Permadi Soemantri Brodjonegoro. The largest shareholder of the company is
Republic of Indonesia (52.09%). The percentage of public shareholding (<5%) is Stock Overview
47.91%. The company has 13 subsidiaries. One of the biggest subsidiaries is PT
Telekomunikasi Selular. Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
https://www.idx.co.id/en/listed-companies/company-profiles/TLKM

Domestic 35,025.4 3,676.1
44% 40%
Foreign 58,029.5 9,476.1 J Infrastructures J31 Telecommunication Service
56% 60% Individual 0.14% 0.09%
Others 27.00% 20.80% J3 Telecommunication J312 Integrated Telecommunication Service
Year 2023 YTD 2024
Total 93,054.9 13,152.3
Fundamental & ESG
YTD 2024
16.57x 2.62x 27.08 Medium
D 599.23 813.8 1,413.0
1,405.2 850.1
Buy

D 7,208.2 9,601.9 16,810.1 "Foreign Buy-Domestic Sell" minus "Foreign Sell- TLKM Sector PER Market PER
Domestic Buy".
11.51x 12.82x

2023 F - Rp167.60 12-Jun-23 13-Jun-23 05-Jul-23 2013 - 28-Aug-13 10,100 5:1 2,025 0.200
2022 F - Rp149.97 08-Jun-22 09-Jun-22 30-Jun-22 2004 - 28-Sep-04 8,350 2:1 4,175 0.500
2021 F - Rp168.01 09-Jun-21 10-Jun-21 02-Jul-21 1999 - 25-Jun-99 4,600 50:4 4,275 0.926
2020 F - Rp154.07 30-Jun-20 01-Jul-20 23-Jul-20 - - - - - - -
2019 F - Rp163.82 12-Jun-19 13-Jun-19 27-Jun-19 - - - - - - -
Industry Peers
1. TLKM Telkom Indonesia (Persero) 392,286.38 09/30/23 276,212,000 149,493,000 126,719,000 111,238,000 25,389,000
2. MORA Mora Telematika Indonesia 10,735.59 12/31/23 14,899,261 6,923,968 7,975,293 4,306,324 679,171
3. LINK Link Net Tbk. 3,120.88 12/31/23 12,636,281 4,316,106 8,320,175 3,925,581 -532,983
4. KETR Ketrosden Triasmitra Tbk 653.49 09/30/23 1,779,887 951,587 828,300 313,552 86,503
5. INET Sinergi Inti Andalan Prima 525.00 09/30/23 223,740 215,249 8,492 19,772 1,536
1. TLKM Telkom Indonesia (Persero) Tbk. 16.57 2.62 9.19 20.04 0.54 1.18
2. MORA Mora Telematika Indonesia Tbk 18.98 1.58 4.56 8.52 0.46 0.87
3. LINK Link Net Tbk. -11.16 0.68 -4.22 -6.41 0.34 0.52
4. KETR Ketrosden Triasmitra Tbk 5.25 0.69 4.86 10.44 0.53 1.15
5. INET Sinergi Inti Andalan Prima Tbk 289.13 2.44 0.69 18.09 0.96 25.35


Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 TLKM*
2.86%
IHSG
5.39%
LQ45
4.03%
Sector**
Highest 4,040 4,120 4,400 4,200 4,170 4,000 3,830 3,860 3,850 3,770 3,980 4,010
Lowest 3,760 3,880 4,060 3,980 3,940 3,720 3,680 3,680 3,420 3,500 3,810 3,890
Close 3,880 4,060 4,250 4,040 4,000 3,720 3,730 3,750 3,490 3,760 3,950 3,960
Adj. Close* 3,880 4,060 4,250 4,040 4,000 3,720 3,730 3,750 3,490 3,760 3,950 3,960
Growth (%) 4.64% 4.68% -4.94% -0.99% -7.00% 0.27% 0.54% -6.93% 7.74% 5.05% 0.25%
Volume (mill.) 1,778.07 1,898.78 1,551.15 2,985.23 1,567.30 2,086.78 2,509.85 2,049.53 1,980.06 2,063.15 1,695.52 1,656.62
Value (bill.) 6,855.15 7,635.48 6,638.76 12,169.59 6,331.51 8,075.66 9,426.78 7,686.76 7,306.15 7,469.06 6,636.97 6,576.13
Frequency (th.) 240.45 191.51 155.29 289.00 205.63 291.62 251.80 214.90 240.23 199.53 164.47 157.41
Days 20 21 14 21 17 20 22 20 22 22 19 22
Price (IDR) 2019 2020 2021 2022 2023 Industry: Integrated Telecommunication Service
Lowest 3,510 2,560 3,010 3,600 3,420
Close 3,970 3,310 4,040 3,750 3,950 1. TLKM 6.5% 0.3% 2.9% 27.3% 1.5%
Adj. Close* 3,970 3,310 4,040 3,750 3,950 2. MORA -2.6% 0.4% 3.7% n.a. n.a.
Growth (%) -17% 22% -7% 5% 3. LINK -42.2% -17.7% -48.8% -61.8% -75.0%
4. KETR 21.7% -1.7% 0.0% n.a. n.a.
Shares Traded 2019 2020 2021 2022 2023 5. INET -66.0% -15.7% n.a. n.a. n.a.
Volume 25,565 40,566 28,785 36,462 24,235
Value 102,370 127,864 100,121 156,198 94,234 Note:
Index Membership

1. BISNIS-27 11. IDXHIDIV20 21. KOMPAS100 31.
2. COMPOSITE 12. IDXINFRA 22. LQ45 32.
3. ESGQKEHATI 13. IDXLQ45LCL 23. MBX 33.
4. ESGSKEHATI 14. IDXMESBUMN 24. MNC36 34.
5. I-GRADE 15. IDXQ30 25. SMinfra18 35.
6. IDX30 16. IDXSHAGROW 26. SRI-KEHATI 36.
7. IDX80 17. Investor33 27. 37.
8. IDXBUMN20 18. ISSI 28. 38.
9. IDXESGL 19. JII 29. 39.
10. IDXG30 20. JII70 30. 40.


Date: 31 Jan 2024 v2.0.0

Inventories 585,000 983,000 779,000 1,144,000 1,475,000 Asset Liabilities
300
Current Assets 41,722,000 46,503,000 61,277,000 55,057,000 50,728,000
- - - - - -
250
Fixed Asset 156,973,000 160,923,000 165,026,000 173,329,000 176,438,000
- - - - - - 200
Total Assets 221,208,000 246,943,000 277,184,000 275,192,000 276,212,000
Trade Payable 13,897,000 16,999,000 17,170,000 18,457,000 13,445,000 150

- - - - - - 100
- - - - - -
50
- - - - - -
Common Stocks 4,953,000 4,953,000 4,953,000 4,953,000 4,953,000
149,262 149,493
145,399
Par Value 50 50 50 50 50 120,889
117,250
Total Equity 117,250,000 120,889,000 145,399,000 149,262,000 149,493,000
Revenues 135,567,000 136,462,000 143,210,000 147,306,000 111,238,000
- - - - - -
Operating Profit/Loss -5,077,000 -5,406,000 -5,181,000 -5,440,000 -4,525,000
EBT 37,908,000 38,775,000 43,678,000 36,339,000 32,282,000
Tax -10,316,000 -9,212,000 -9,730,000 -8,659,000 -6,893,000
2019 2020 2021 2022 2023
147,306
143,210
135,567 136,462
111,238
Net Increase/Decrease in C&CE 911,000 2,308,000 17,664,000 -6,733,000 -6,002,000
C&CE, end of period 18,242,000 20,589,000 38,311,000 31,947,000 25,905,000
Current Ratio (%) 0.71 0.67 0.89 0.78 0.72
DAR (x) 0.47 0.51 0.48 0.46 0.46
DER (x) 0.89 1.04 0.91 0.84 0.85
EPS (IDR) 204.51 190.62 232.15 226.82 203.90 2019 2020 2021 2022 2023
PER (x) 19.41 17.36 17.40 16.53 18.39

PBV (x) 3.35 2.71 2.75 2.49 2.62
ROA (%) 12.47 11.97 12.25 10.06 9.19
ROE (%) 23.53 24.45 23.35 18.54 16.98 33,948
GPM (%) n.a. n.a. n.a. n.a. n.a. 29,563

27,592 27,680
OPM (%) -3.75 -3.96 -3.62 -3.69 -4.07 25,389
NPM (%) 20.35 21.66 23.71 18.79 22.82
DPS (IDR) 163.82 154.07 168.01 149.97 167.60
DPR (%) 80.11 80.83 72.37 66.12 82.20
Dividend Yield (%) 4.13 4.65 4.16 4.00 4.24
2019 2020 2021 2022 2023

TOWR
Sarana Menara Nusantara Tbk

TOWR Sarana Menara Nusantara Tbk

Date: 31 Jan 2024 v2.0.0

PT Sarana Menara Nusantara Tbk has a main business field of Investment and Established Listing Date IPO Price (IDR) IPO Lead Underwriter
telecommunications support services. The company's President Director and Dinamika Usahajaya
President Commisioner are Ferdinandus Aming Santoso and Tonny Kusnadi. 02 Jun 2008 08 Mar 2010 1,050
The largest shareholder of the company is PT SAPTA ADHIKARI INVESTAMA
has 21 subsidiaries. One of the biggest subsidiaries is PT Profesional
Telekomunikasi Indonesia. Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
https://www.idx.co.id/en/listed-companies/company-profiles/TOWR

Domestic 4,036.2 611.4
59% Institution 38.27% 34.78%
66%
41%
34%
Year 2023 YTD 2024
Total 7,115.7 1,012.4
Fundamental & ESG
YTD 2024
13.72x 2.82x 24.51 Medium
D 199.83 78.4 278.3
-4.9 54.8
Buy

D 1,327.6 693.0 2,020.6 "Foreign Buy-Domestic Sell" minus "Foreign Sell- TOWR Sector PER Market PER
Domestic Buy".
11.51x 12.82x

2023 I - Rp6.00 15-Dec-23 18-Dec-23 22-Dec-23 2018 - 28-Jun-18 3,040 5:1 610 0.200
2023 F - Rp181.10 16-May-23 17-May-23 31-May-23 2013 - 22-Jul-13 27,850 10:1 2,775 0.100
2022 I - Rp6.00 15-Dec-22 16-Dec-22 22-Dec-22 - - - - - - -
2022 F - Rp18.10 08-Jun-22 09-Jun-22 30-Jun-22 - - - - - - -
2021 I - Rp6.00 16-Dec-21 17-Dec-21 22-Dec-21 - - - - - - -
Industry Peers
1. TOWR Sarana Menara Nusantara 45,403.02 09/30/23 68,224,605 16,095,521 52,129,084 8,719,379 2,474,066
2. ISAT Indosat Tbk. 77,200.38 12/31/23 114,722,249 33,708,792 81,013,457 51,228,782 4,775,741
3. MTEL Dayamitra Telekomunikasi 56,815.85 12/31/23 57,010,128 34,037,609 22,972,519 8,594,530 2,010,328
1. TOWR Sarana Menara Nusantara Tbk. 13.72 2.82 3.63 4.75 0.24 0.31
2. ISAT Indosat Tbk. 20.19 2.41 4.16 5.89 0.29 0.42
3. MTEL Dayamitra Telekomunikasi Tbk. 28.57 1.70 3.53 8.75 0.60 1.48


Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 TOWR*
-20.54%
IHSG
5.39%
LQ45
4.03%
Sector**
Highest 1,130 1,030 1,055 1,035 1,060 1,110 1,050 1,070 970 1,000 1,000 1,020
Lowest 1,050 895 915 960 995 1,010 950 960 825 850 905 875
Close 1,050 925 1,025 990 1,055 1,015 1,030 960 890 1,000 990 890
Adj. Close* 1,050 925 1,025 990 1,055 1,015 1,030 960 890 1,000 990 890
Growth (%) -11.90% 10.81% -3.41% 6.57% -3.79% 1.48% -6.80% -7.29% 12.36% -1.00% -10.10%
Volume (mill.) 547.19 832.46 442.81 506.69 395.95 585.87 735.15 426.33 684.08 524.59 652.06 540.84
Value (bill.) 600.47 790.96 428.98 507.29 403.07 622.85 737.49 432.21 622.57 501.35 635.87 506.19
Frequency (th.) 49.79 78.42 55.14 65.25 47.36 65.06 66.12 59.61 65.88 55.27 53.38 57.96
Days 20 21 14 21 17 20 22 20 22 22 19 22
Highest 855 1,160 1,590 1,285 1,175 No. Code 6M YTD 1Y 3Y 5Y
Lowest 610 590 935 880 825
Close 805 960 1,125 1,100 990 1. TOWR -12.3% -10.1% -20.5% -7.3% 5.3%
Adj. Close* 805 960 1,125 1,100 990 2. ISAT 4.1% 2.1% 57.0% 90.5% 249.5%
Growth (%) 19% 17% -2% -10% 3. MTEL 3.8% -3.5% 0.7% n.a. n.a.
4. SUPR 17.4% 0.0% 17.4% 838.8% 486.8%
Shares Traded 2019 2020 2021 2022 2023 5. TBIG 1.0% -6.7% -7.1% -12.9% 98.2%
Volume 10,230 40,123 20,296 19,337 6,885
Value 7,496 40,006 24,239 21,770 6,911 Note:
Index Membership

1. BISNIS-27 11. LQ45 21. 31.
2. COMPOSITE 12. MBX 22. 32.
3. IDX80 13. SMinfra18 23. 33.
4. IDXESGL 14. 24. 34.
5. IDXINFRA 15. 25. 35.
6. IDXLQ45LCL 16. 26. 36.
7. IDXSMC-COM 17. 27. 37.
8. IDXSMC-LIQ 18. 28. 38.
9. Investor33 19. 29. 39.
10. KOMPAS100 20. 30. 40.


Date: 31 Jan 2024 v2.0.0

Cash & Cash Equivalents 593,765 1,442,627 4,748,364 308,636 395,225
80
Current Assets 2,474,389 3,002,332 7,398,138 3,651,134 4,339,180
- - - - - - 70
Fixed Asset 19,648,004 22,757,823 32,951,482 37,152,092 39,291,200 60

- - - - - -
50
Total Assets 27,665,695 34,249,550 65,828,670 65,625,136 68,224,600
Trade Payable 633,818 534,866 521,678 839,297 1,062,749 40
Curr. Maturities - Bank Loans 1,194,767 3,903,999 14,035,264 - - 30

- - - - - -
20
- - - - - -
- - - - - -
Common Stocks 510,146 510,146 510,146 510,146 510,146
Par Value 10 10 10 10 10 14,432

Total Equity 8,760,621 10,184,048 12,062,016 14,432,334 16,095,500
10,184
Revenues 6,454,302 7,445,426 8,635,346 11,035,650 8,719,380

Gross Profit 4,646,362 5,386,172 6,295,173 8,121,200 -
Interest & Finance Costs -957,884 -1,201,293 -1,370,274 2,391,801 2,171,650
EBT 3,008,859 3,398,921 4,050,968 4,459,251 3,099,930
Tax -655,770 -545,304 -603,093 -962,716 -625,861
2019 2020 2021 2022 2023
11,036
Net Cash - Operating 3,955,483 5,951,202 6,196,246 8,072,991 6,716,300 8,635 8,719
Net Cash - Investing -5,529,431 -4,156,870 -18,617,085 -5,887,863 -3,092,830 7,445
Net Cash - Financing 1,235,802 -860,035 15,728,237 -6,709,726 -3,532,640 6,454
Net Increase/Decrease in C&CE -338,146 934,297 3,307,398 -4,524,598 90,825
C&CE, end of period 593,765 1,442,627 4,748,364 308,636 395,225
Current Ratio (%) 0.54 0.42 0.34 0.25 0.24
DAR (x) 0.68 0.70 0.82 0.78 0.76
DER (x) 2.16 2.36 4.46 3.55 3.24
EPS (IDR) 40.99 52.01 68.75 67.30 64.88 2019 2020 2021 2022 2023
PER (x) 19.64 18.46 16.36 16.35 14.80

PBV (x) 4.69 4.81 4.76 3.89 3.14
ROA (%) 8.51 8.33 5.24 5.33 3.63
3,448 3,497
ROE (%) 26.86 28.02 28.58 24.23 15.37
GPM (%) 71.99 72.34 72.90 73.59 n.a. 2,854
OPM (%) 62.53 63.94 64.55 65.33 62.76 2,474
2,353
NPM (%) 36.46 38.33 39.93 31.68 28.37
DPS (IDR) 23.52 23.86 28.09 24.10 187.10
DPR (%) 57.38 45.88 40.86 35.81 288.36
Dividend Yield (%) 2.92 2.49 2.50 2.19 18.90
2019 2020 2021 2022 2023

UNTR
United Tractors Tbk

UNTR United Tractors Tbk

Date: 31 Jan 2024 v2.0.0

PT United Tractors Tbk has a main business field of Wholesale (durable goods). Established Listing Date IPO Price (IDR) IPO Lead Underwriter
The company's President Director and President Commisioner are Frans Aseam Indonesia
Kesuma and Djony Bunarto Tjondro. The largest shareholder of the company is 19 Oct 1972 19 Sep 1989 7,250
PT Astra International Tbk (59.50%). The percentage of public shareholding
(<5%) is 37.87%. The company has 12 subsidiaries. One of the biggest Stock Overview
subsidiaries is PT Pamapersada Nusantara.
https://www.idx.co.id/en/listed-companies/company-profiles/UNTR

Domestic 16,300.1 2,061.6
51% 55% Institution 19.52% 12.82%
Foreign 16,331.4 2,146.2 C Industrials C14 Machinery
49% 45% Individual 0.27% 0.28%
Others 22.02% 13.79% C1 Industrial Goods C141 Construction Machinery & Heavy
Year 2023 YTD 2024 Vehicles
Total 32,631.5 4,207.8
Fundamental & ESG
YTD 2024
4.18x 1.09x N/A -
D 531.62 497.0 1,028.6
-544.2 4.4
F 501.3 573.9 1,075.3 *Total trading value by Foreign is the sum of
Buy

D 4,318.8 4,103.4 8,422.2 "Foreign Buy-Domestic Sell" minus "Foreign Sell- UNTR Sector PER Market PER
Domestic Buy".
9.81x 12.82x

2023 I - Rp701.00 11-Oct-23 12-Oct-23 24-Oct-23 2011 - 10-May-11 23,400 33:4 22,500 0.961
2023 F - Rp6185.00 28-Apr-23 02-May-23 12-May-23 2008 - 27-Aug-08 10,750 6:1 10,300 0.957
2022 I - Rp818.00 05-Oct-22 06-Oct-22 24-Oct-22 2004 - 25-May-04 975 5:4 780 0.795
2022 F - Rp905.00 20-Apr-22 21-Apr-22 11-May-22 2000 - 05-Sep-00 1,970 4:1 495 0.250
2021 I - Rp335.00 07-Oct-21 08-Oct-21 22-Oct-21 2000 - 08-Jun-00 6,275 5:9 2,250 0.357
Industry Peers
1. UNTR United Tractors Tbk. 85,606.60 12/31/23 154,028,248 84,035,563 69,992,685 128,583,264 22,130,096
2. HEXA Hexindo Adiperkasa Tbk. 4,830.00 12/31/23 6,453,299 2,606,703 3,846,595 7,384,064 677,013
3. SKRN Superkrane Mitra Utama Tbk. 4,237.50 09/30/23 3,133,750 995,995 2,137,755 744,899 163,643
4. SMIL Sarana Mitra Luas Tbk 1,041.25 09/30/23 825,063 657,435 167,628 252,097 53,699
5. KOBX Kobexindo Tractors Tbk. 370.42 09/30/23 3,429,670 498,614 2,931,056 1,479,366 4,098
1. UNTR United Tractors Tbk. 4.18 1.09 14.37 31.62 0.55 1.20
2. HEXA Hexindo Adiperkasa Tbk. 5.33 2.01 10.49 17.60 0.40 0.68
3. SKRN Superkrane Mitra Utama Tbk. 24.21 4.25 5.22 7.65 0.32 0.47
4. SMIL Sarana Mitra Luas Tbk 12.51 1.58 6.51 32.03 0.80 3.92
5. KOBX Kobexindo Tractors Tbk. -13.29 0.74 0.12 0.14 0.15 0.17


Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 UNTR*
-6.52%
IHSG
5.39%
LQ45
4.03%
Sector**
Highest 27,900 29,125 31,400 26,900 23,525 27,525 27,875 28,500 27,925 24,100 22,700 24,725
Lowest 23,925 26,400 28,850 22,225 22,850 23,050 26,000 26,350 24,400 21,900 20,925 22,550
Close 27,900 29,100 28,900 22,225 23,275 27,525 26,000 28,250 25,125 21,900 22,625 22,950
Adj. Close* 27,900 29,100 28,900 22,225 23,275 27,525 26,000 28,250 25,125 21,900 22,625 22,950
Growth (%) 4.30% -0.69% -23.10% 4.72% 18.26% -5.54% 8.65% -11.06% -12.84% 3.31% 1.44%
Volume (mill.) 120.01 142.42 127.13 194.99 133.45 100.19 102.85 89.36 120.20 109.11 105.83 89.41
Value (bill.) 3,064.94 3,971.28 3,901.08 4,677.41 3,088.10 2,503.42 2,781.61 2,477.25 3,148.58 2,510.99 2,310.00 2,103.88
Frequency (th.) 113.71 143.01 132.08 203.53 105.87 122.40 129.81 106.21 145.82 151.14 110.54 116.99
Days 20 21 14 21 17 20 22 20 22 22 19 22
Price (IDR) 2019 2020 2021 2022 2023 Industry: Construction Machinery & Heavy Vehicles
Lowest 19,975 12,600 18,600 21,725 20,925
Close 21,525 26,600 22,150 26,075 22,625 1. UNTR -16.6% 1.4% -6.5% 0.4% -10.8%
Adj. Close* 21,525 26,600 22,150 26,075 22,625 2. HEXA -14.2% 7.0% 8.0% 75.8% 87.9%
Growth (%) 24% -17% 18% -13% 3. SKRN -10.3% 13.5% 17.7% 292.4% 522.2%
4. SMIL -18.5% -1.7% n.a. n.a. n.a.
Shares Traded 2019 2020 2021 2022 2023 5. KOBX -40.1% 3.8% -54.7% 45.5% -7.4%
Volume 1,284 1,288 1,228 1,476 1,469
Value 31,756 25,910 27,993 43,290 37,522 Note:
Index Membership

1. BISNIS-27 11. IDXV30 21. 31.
5. IDX30 15. JII70 25. 35.
6. IDX80 16. KOMPAS100 26. 36.
7. IDXHIDIV20 17. LQ45 27. 37.
8. IDXINDUST 18. MBX 28. 38.
9. IDXLQ45LCL 19. MNC36 29. 39.
10. IDXQ30 20. SMinfra18 30. 40.


Date: 31 Jan 2024 v2.0.0

180
Current Assets 50,826,955 44,195,782 60,604,068 78,930,048 62,667,105
Fixed Asset 27,469,005 24,319,373 20,456,694 23,677,857 36,001,559 140

- - - - - - 120
Total Assets 111,713,375 99,800,963 112,561,356 140,478,220 154,028,248
100
Trade Payable 20,909,134 10,272,648 14,517,987 24,848,751 29,110,573
80
Curr. Maturities - Bank Loans 2,432,677 2,468,375 5,350,875 - 7,705
- - - - - - 60
- - - - - - 40

Long-term Bank Loans 10,078,232 7,757,750 2,497,075 - 16,573,354 -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 932,534 932,534 932,534 932,534 932,534
84,036
Par Value 250 250 250 250 250
71,823
63,147
Total Equity 61,110,074 63,147,140 71,822,757 89,513,825 84,035,563 61,110
Revenues 84,430,478 60,346,784 79,460,503 123,607,460 128,583,264
Gross Profit 21,230,653 12,989,293 19,664,961 34,758,688 35,786,237
Interest & Finance Costs -2,333,765 -1,539,907 -754,155 759,935 1,879,411
EBT 15,476,885 7,011,186 14,462,250 29,446,041 28,720,340
Tax -4,342,244 -1,378,761 -3,853,983 -6,452,368 -6,590,244
2019 2020 2021 2022 2023
128,583
123,607
84,430
79,461
Net Cash - Financing -830,690 -7,834,254 -7,419,838 -18,653,279 -12,230,036
Net Increase/Decrease in C&CE -1,152,246 8,128,506 12,706,019 3,837,014 -19,322,961 60,347
C&CE, end of period 12,090,661 20,498,574 33,321,741 38,281,513 18,596,609
Current Ratio (%) 1.56 2.11 1.99 1.88 1.46
DAR (x) 0.45 0.37 0.36 0.36 0.45
DER (x) 0.83 0.58 0.57 0.57 0.83
EPS (IDR) 2,866.72 2,147.61 2,273.95 4,913.77 5,492.37 2019 2020 2021 2022 2023
PER (x) 7.51 12.39 9.74 5.31 4.12

PBV (x) 1.31 1.57 1.15 1.09 1.00
ROA (%) 9.97 5.64 9.42 16.37 14.37 22,994
22,130
ROE (%) 18.22 8.92 14.77 25.69 26.33
GPM (%) 25.15 21.52 24.75 28.12 27.83
OPM (%) 19.67 13.74 18.72 23.57 23.12
NPM (%) 13.19 9.33 13.35 18.60 17.21
DPS (IDR) 1,236.00 976.00 808.00 1,723.00 6,886.00 11,135 10,608
DPR (%) 43.12 45.45 35.53 35.06 125.37
Dividend Yield (%) 5.74 3.67 3.65 6.61 30.44 5,632
2019 2020 2021 2022 2023

UNVR
Unilever Indonesia Tbk

UNVR Unilever Indonesia Tbk

Date: 31 Jan 2024 v2.0.0

PT Unilever Indonesia Tbk has a main business field of Fast Moving Consumer Established Listing Date IPO Price (IDR) IPO Lead Underwriter
Goods. The company's President Director and President Commisioner are Benjie Aseam Indonesia
Yap and Sanjiv Mehta. The largest shareholder of the company is Unilever 16 Apr 1905 11 Jan 1982 3,175
Indonesia Holding B.V. (84.99%). The percentage of public shareholding (<5%) is
15.01%. Stock Overview
https://www.idx.co.id/en/listed-companies/company-profiles/UNVR

Domestic 6,343.6 947.1
51% Institution 23.43% 21.61%
60%
Foreign 6,889.3 961.6 D Consumer Non-Cyclicals D42 Personal Care Products
49% Individual 0.58% 5.30%
40%
Others 21.52% 14.90% D4 Nondurable Household Products D421 Personal Care Products
Year 2023 YTD 2024
Total 13,233.0 1,908.7
Fundamental & ESG
YTD 2024
23.93x 21.98x 18.80 Low
D 240.24 211.0 451.3
52.1 44.6
Buy

D 1,715.5 1,430.3 3,145.8 "Foreign Buy-Domestic Sell" minus "Foreign Sell- UNVR Sector PER Market PER
Domestic Buy".
14.50x 12.82x

2023 I - Rp63.00 05-Dec-23 06-Dec-23 19-Dec-23 2020 - 02-Jan-20 42,000 5:1 8,400 0.200
2023 F - Rp71.00 06-Jul-23 07-Jul-23 20-Jul-23 2003 - 03-Sep-03 30,250 10:1 3,025 0.100
2022 I - Rp69.00 30-Nov-22 01-Dec-22 15-Dec-22 2000 - 06-Nov-00 118,000 10:1 11,800 0.100
2022 F - Rp84.00 24-Jun-22 27-Jun-22 13-Jul-22 - - - - - - -
2021 I - Rp66.00 30-Nov-21 01-Dec-21 16-Dec-21 - - - - - - -
Industry Peers
1. UNVR Unilever Indonesia Tbk. 118,265.00 12/31/23 16,664,086 3,381,238 13,282,848 38,611,401 4,800,940
2. VICI Victoria Care Indonesia Tbk. 4,494.36 09/30/23 1,176,810 906,914 269,896 1,022,638 142,820
3. UCID Uni-Charm Indonesia Tbk. 3,886.40 12/31/23 8,487,854 5,563,650 2,924,204 10,245,160 434,532
4. MSJA Multi Spunindo Jaya Tbk 1,870.59 06/30/23 1,373,969 960,860 413,110 546,758 54,714
5. KINO Kino Indonesia Tbk. 1,728.57 09/30/23 4,553,173 1,594,340 2,958,832 2,947,743 65,261
1. UNVR Unilever Indonesia Tbk. 23.93 21.98 28.81 36.14 0.20 0.25
2. VICI Victoria Care Indonesia Tbk. 24.01 4.96 12.14 52.92 0.77 3.36
3. UCID Uni-Charm Indonesia Tbk. 11.55 0.72 5.12 14.86 0.66 1.90
4. MSJA Multi Spunindo Jaya Tbk 20.21 1.95 3.98 13.24 0.70 2.33
5. KINO Kino Indonesia Tbk. -2.67 1.08 1.43 2.21 0.35 0.54


Date: 31 Jan 2024 v2.0.0

Jan 31, 2023 - Jan 31, 2024 UNVR*
-33.48%
IHSG
5.39%
LQ45
4.03%
Sector**
Highest 5,025 4,360 4,400 4,550 4,610 4,330 3,780 3,850 4,080 3,650 3,630 3,550
Lowest 4,180 4,060 4,090 4,380 4,230 3,840 3,670 3,470 3,580 3,430 3,400 3,080
Close 4,180 4,350 4,400 4,530 4,260 3,850 3,670 3,740 3,620 3,650 3,530 3,100
Adj. Close* 4,180 4,350 4,400 4,530 4,260 3,850 3,670 3,740 3,620 3,650 3,530 3,100
Growth (%) 4.07% 1.15% 2.95% -5.96% -9.62% -4.68% 1.91% -3.21% 0.83% -3.29% -12.18%
Volume (mill.) 431.38 291.25 281.47 404.34 240.99 302.90 265.61 268.40 425.54 336.19 212.87 291.89
Value (bill.) 1,966.01 1,214.71 1,188.22 1,808.40 1,069.89 1,238.39 990.87 986.20 1,615.60 1,190.58 745.58 954.35
Frequency (th.) 162.09 107.10 91.07 110.75 98.64 119.82 106.46 100.69 131.00 97.03 74.14 93.75
Days 20 21 14 21 17 20 22 20 22 22 19 22
Price (IDR) 2019 2020 2021 2022 2023 Industry: Personal Care Products
Lowest 40,700 5,650 3,820 3,280 3,400
Close 42,000 7,350 4,110 4,700 3,530 1. UNVR -19.5% -12.2% -33.5% -55.2% -69.0%
Adj. Close* 8,400 1,470 4,110 4,700 3,530 2. VICI 4.7% 3.1% 39.6% 79.1% n.a.
Growth (%) -83% 180% 14% -25% 3. UCID -17.3% -6.5% -18.7% -33.5% n.a.
4. MSJA n.a. n.a. n.a. n.a. n.a.
Shares Traded 2019 2020 2021 2022 2023 5. KINO -23.2% -4.3% -23.9% -47.4% -59.5%
Volume 577 3,871 6,104 6,607 3,691
Value 26,249 29,794 31,552 29,263 15,102 Note:
Index Membership

1. COMPOSITE 11. IDXSHAGROW 21. 31.
4. IDX30 14. JII 24. 34.
5. IDX80 15. JII70 25. 35.
6. IDXESGL 16. KOMPAS100 26. 36.
7. IDXHIDIV20 17. LQ45 27. 37.
8. IDXLQ45LCL 18. MBX 28. 38.
9. IDXNONCYC 19. PEFINDO25 29. 39.
10. IDXQ30 20. SRI-KEHATI 30. 40.


Date: 31 Jan 2024 v2.0.0

Cash & Cash Equivalents 628,649 844,076 325,197 502,882 1,020,598
25
Current Assets 8,530,334 8,828,360 7,642,208 7,567,768 6,191,839
- - - - - -
Fixed Asset 10,715,376 10,419,902 10,102,086 9,536,027 9,310,734 20
- - - - - -
Total Assets 20,649,371 20,534,632 19,068,532 18,318,114 16,664,086 15
Trade Payable 4,516,954 4,277,617 4,571,352 4,699,974 4,063,637

- - - - - - 10
- - - - - -
- - - - - - 5
- - - - - - -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 76,300 76,300 76,300 76,300 76,300
4,937
Par Value 10 2 2 2 2
4,321
Total Equity 5,281,862 4,937,368 4,321,269 3,997,256 3,381,238
3,381
Revenues 42,922,563 42,972,474 39,545,959 41,218,881 38,611,401
Gross Profit 22,028,693 22,456,990 19,626,387 19,064,937 19,194,514
EBT 9,901,772 9,206,869 7,496,592 6,993,803 6,201,876
Tax -2,508,935 -2,043,333 -1,738,444 -1,629,042 -1,400,936
2019 2020 2021 2022 2023
42,923 42,972
Net Cash - Investing -1,446,367 -690,216 -681,255 -526,063 -829,323 41,219

Net Increase/Decrease in C&CE 285,512 215,268 -518,918 177,463 517,489 39,546
C&CE, end of period 628,649 844,076 325,197 502,882 1,020,598 38,611
Current Ratio (%) 0.65 0.66 0.61 0.61 0.55
DAR (x) 0.74 0.76 0.77 0.78 0.80
DER (x) 2.91 3.16 3.41 3.58 3.93
EPS (IDR) 957.50 191.92 172.73 157.03 129.54 2019 2020 2021 2022 2023
PER (x) 43.86 38.30 23.79 29.93 27.25

PBV (x) 60.67 56.79 36.28 44.86 39.83
ROA (%) 35.80 34.89 30.20 29.29 28.81 7,393
7,164
ROE (%) 139.97 145.09 133.25 134.21 141.99
GPM (%) 51.32 52.26 49.63 46.25 49.71 5,758
5,365
OPM (%) 23.57 22.04 19.42 17.15 16.26
4,801
NPM (%) 17.22 16.67 14.56 13.02 12.43
DPS (IDR) 1,205.00 194.00 166.00 153.00 134.00
DPR (%) 125.85 101.09 96.10 97.43 103.44
Dividend Yield (%) 2.87 2.64 4.04 3.26 3.80
2019 2020 2021 2022 2023

Contact Information Request for Repair Form
Data Services Division If you have any inquiry regarding this statistical
idxdata@idx.co.id publication, please let us know your thoughts via our
Indonesia Stock Exchange form:
Indonesia Stock Exchange Building 1st Tower, 6th Floor https://bit.ly/formIDXstat
Jl. Jend. Sudirman Kav 52-53
Jakarta Selatan 12190, Indonesia
Methodology
Term Description Term Description

YTD Year to Date: DAR (Debt to Total Liabilities divided by Total Asset.
- January data for date as of January; Asset Ratio)
- January to July data for date as of July. DER (Debt to Total Liabilities divided by Total Equity.
Free Float Total scripless shares owned by investors with share Equity Ratio)
ownership of less than 5% and excluding shares owned by EPS (Earnings 12 months trailing of Profit for the period attributable to
management and treasury stock. Per Share) owners of entity divided by number of listed shares.
Market Closing price multiplied by Number of listed shares.
Capitalization BV (Book Value) Total equity divided by number of listed shares.
PER (Price to Stock Price divided by Earnings Per Share (EPS).
Earnings Ratio) EPS is derived by dividing the 12 months trailing of Profit ROA (Return on 12 months trailing of Profit for the period attributable to
for the period attributable to owners of entity by Number of Asset) owners of entity divided by Total Asset.
listed shares. ROE (Return on 12 months trailing of Profit for the period attributable to
Sector PER The median of PER of all listed stocks in a sector that have Equity) owners of entity divided by Total Equity.
positive earnings and below the 90 percent percentile as a GPM (Gross Gross profit/loss divided by Revenues
threshold determined by the IDX. Profit Margin)
Market PER The median of PER of all listed stocks in IDX that have OPM (Operating Operating profit/loss divided by Revenues
positive earnings and below the 90 percent percentile as a Profit Margin)
threshold determined by the IDX. NPM (Net Profit Profit for the period attributable to owners of entity divided
PBV (Price to Stock Price divided by Book Value (BV). Margin) by Revenues.
Book Value BV is derived by dividing the Total equity by Number of DPS (Dividend Total Cash Dividend per Share within a year (in IDR). The
Ratio) listed shares. Per Share) cash dividends in USD are converted to IDR by multiplying
ESG Risk Rating Composed of three building blocks that contribute to a with BI rate as of payment date.
company’s overall rating. These building blocks include DPR (Dividend Dividend per share divided by Earnings per share
Corporate Governance, material ESG issues (MEIs), and Payout Ratio)
idiosyncratic ESG issues. Yield (%) Dividend per share divided by stock price
Companies are grouped into one of five risk categories
(negligible, low, medium, high, severe)
C&CE Cash & Cash Equivalents.
© March 2024 Indonesia Stock Exchange

Disclaimer: The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher
or of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication, it should not be by
any person relied upon as the basis for taking any action or making any decision.
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Ace Hardware Indonesia Tbk

ACES Ace Hardware Indonesia Tbk

Company Profile Company History

Total Trading Value* Free Float Shares Rank Rank

trading value by Domestic is the sum of

Dividend Payment Corporate Action

© 2022 DATA SERVICES DIVISION | INDONESIA STOCK EXCHANGE

ACES Ace Hardware Indonesia Tbk

Stock Performance & Trading Summary

Jan 31, 2023 - Jan 31, 2024 ACES*

Trading Summary of Last 12 Months

Yearly Trading Summary of Last 5 Years Comparison to Peers

No. Index Code No. Index Code

Note: the index membership above is as of Mar 1, 2024

© 2022 DATA SERVICES DIVISION | INDONESIA STOCK EXCHANGE

ACES Ace Hardware Indonesia Tbk

Financial Data & Ratios

Fixed Asset 502,038 1,477,190 1,320,612 425,774 420,913 6

PER (x) 25.79 35.32 41.70 11.60 17.76

GPM (%) 47.74 49.36 49.10 48.32 48.13

DPS (IDR) 28.25 18.10 32.15 20.59 31.06

© 2022 DATA SERVICES DIVISION | INDONESIA STOCK EXCHANGE

Adaro Energy Indonesia Tbk

ADRO Adaro Energy Indonesia Tbk

Company Profile Company History

Total Trading Value* Free Float Shares Rank Rank

trading value by Domestic is the sum of

Dividend Payment Corporate Action

© 2022 DATA SERVICES DIVISION | INDONESIA STOCK EXCHANGE

ADRO Adaro Energy Indonesia Tbk

Stock Performance & Trading Summary

Jan 31, 2023 - Jan 31, 2024 ADRO*

Trading Summary of Last 12 Months

Yearly Trading Summary of Last 5 Years Comparison to Peers

No. Index Code No. Index Code

Note: the index membership above is as of Mar 1, 2024

© 2022 DATA SERVICES DIVISION | INDONESIA STOCK EXCHANGE

ADRO Adaro Energy Indonesia Tbk

Financial Data & Ratios

Fixed Asset 24,019,049 21,713,731 19,935,291 22,639,475 27,086,259 140

Current Liabilities 17,188,621 16,149,139 19,428,071 38,161,607 32,965,878 20

PER (x) 6.95 30.22 11.13 3.39 2.65

© 2022 DATA SERVICES DIVISION | INDONESIA STOCK EXCHANGE

AKR Corporindo Tbk

AKRA AKR Corporindo Tbk

Company Profile Company History

Total Trading Value* Free Float Shares Rank Rank

trading value by Domestic is the sum of

Dividend Payment Corporate Action

© 2022 DATA SERVICES DIVISION | INDONESIA STOCK EXCHANGE

AKRA AKR Corporindo Tbk

Stock Performance & Trading Summary

Jan 31, 2023 - Jan 31, 2024 AKRA*

Trading Summary of Last 12 Months

Yearly Trading Summary of Last 5 Years Comparison to Peers

No. Index Code No. Index Code No. Index Code

Note: the index membership above is as of Mar 1, 2024

© 2022 DATA SERVICES DIVISION | INDONESIA STOCK EXCHANGE

AKRA AKR Corporindo Tbk

Financial Data & Ratios

Long-term Bank Loans 1,634,299 2,552,611 2,164,803 2,101,263 3,176,680 -