IDX Company Fact Sheet: August 2022 - January 2023

Data Services Division
IDX Company Fact Sheet

LQ45
August 2022 – January 2023
Email Telephone Website

idxdata@idx.co.id +62 812-9449-5121 www.idx.co.id
List of Contents
LQ45 Companies 1. ADRO Adaro Energy Tbk.

2. AMRT Sumber Alfaria Trijaya Tbk.
in Period of
3. ANTM Aneka Tambang Tbk.
Aug 2022 – Jan 2023 4. ARTO Bank Jago Tbk.
5. ASII Astra International Tbk.
6. BBCA Bank Central Asia Tbk.
7. BBNI Bank Negara Indonesia (Persero) Tbk.
8. BBRI Bank Rakyat Indonesia (Persero) Tbk.
9. BBTN Bank Tabungan Negara (Persero) Tbk.
10. BFIN BFI Finance Indonesia Tbk.
11. BMRI Bank Mandiri (Persero) Tbk.
12. BRIS Bank Syariah Indonesia Tbk.
13. BRPT Barito Pacific Tbk.
14. BUKA Bukalapak.com Tbk.
15. CPIN Charoen Pokphand Indonesia Tbk
16. EMTK Elang Mahkota Teknologi Tbk.
17. ERAA Erajaya Swasembada Tbk.
18. EXCL XL Axiata Tbk.
19. GOTO GoTo Gojek Tokopedia Tbk.
20. HMSP H.M. Sampoerna Tbk.
21. HRUM Harum Energy Tbk.
22. ICBP Indofood CBP Sukses Makmur Tbk.
23. INCO Vale Indonesia Tbk.
24. INDF Indofood Sukses Makmur Tbk.
25. INDY Indika Energy Tbk.
26. INKP Indah Kiat Pulp & Paper Tbk.
27. INTP Indocement Tunggal Prakarsa Tbk.
28. ITMG Indo Tambangraya Megah Tbk.
29. JPFA Japfa Comfeed Indonesia Tbk.
30. KLBF Kalbe Farma Tbk.
31. MDKA Merdeka Copper Gold Tbk.
32. MEDC Medco Energi Internasional Tbk.
33. MIKA Mitra Keluarga Karyasehat Tbk.
34. MNCN Media Nusantara Citra Tbk.
35. PGAS Perusahaan Gas Negara Tbk.
36. PTBA Bukit Asam Tbk.
37. SMGR Semen Indonesia (Persero) Tbk.
38. TBIG Tower Bersama Infrastructure Tbk.
39. TINS Timah Tbk.
40. TLKM Telkom Indonesia (Persero) Tbk.
41. TOWR Sarana Menara Nusantara Tbk.
42. TPIA Chandra Asri Petrochemical Tbk.
43. UNTR United Tractors Tbk.
44. UNVR Unilever Indonesia Tbk.
45. WIKA Wijaya Karya (Persero) Tbk.
ADRO
Adaro Energy Indonesia Tbk.

ADRO Adaro Energy Indonesia Tbk.

Date: 29 Jul 2022 v2.0.0
Company Profile Company History

PT Adaro Energy Indonesia Tbk. has a main business field of Coal mining. The Established Listing Date IPO Price (IDR) IPO Lead Underwriter
company's President Director and President Commisioner are Garibaldi Thohir PT Danatama
and Edwin Soeryadjaya. The largest shareholder of the company is Public (<5%) 28 Jul 2004 16 Jul 2008 1,100 Makmur
(46.78%).
Stock Overview
Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
For more information click here: Main 103,954,376,500,000 85,604,251,339,616
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=ADRO
Listed Shares % of All Stocks % of All Stocks
Trading by Investor Types 31,985,962,000 1.14% 2.40%
Total Trading Value* Free Float Shares Rank Rank

(in billion IDR) Year 2021 YTD 2022 40.58% 15 of 798 6 of 802
Domestic 68,523.2 87,618.6
Individual 75.35% 77.35% Industrial Classification
Institution 24.53% 22.58%
78% 74%
Others 0.12% 0.06% Sector Industry
Foreign 19,859.9 30,089.2 A Energy A12 Coal
Individual 1.61% 1.51%
22% 26% Institution 81.39% 81.36% Sub-Sector Sub-Industry
Others 17.00% 17.12% A1 Oil, Gas & Coal A121 Coal Production
Year 2021 YTD 2022
Total 88,383.1 117,707.8
Fundamental & ESG
Stock Turnover Net Foreign**
(in billion IDR) Sell (in billion IDR) PER PBV ESG Risk Rating*
D F Total Year 2021 YTD 2022
YTD 2022
5.77x 1.47x 39.74 High
D 33,401.8 9,259.2 42,661.0
-377.2 2,296.5
F 11,555.8 4,637.1 16,192.9 *Total trading value by Foreign is the sum of
Total 44,957.6 13,896.3 58,853.9 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 2021 domestic buy and domestic sell divided by 2.
**Net Foreign is The Total Trading Value of
D 27,020.3 7,429.9 34,450.2 "Foreign Buy-Domestic Sell" minus "Foreign Sell- ADRO Sector PER Market PER
Domestic Buy".
F 7,052.7 2,688.7 9,741.4 A positive net foreign indicates a net buy by
10.62x 13.92x
Total 34,073.0 10,118.5 44,191.5 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
2022 F - Rp141.39 17-May-22 18-May-22 08-Jun-22 - - - - - - -
2022 I - Rp160.16 30-Dec-21 03-Jan-22 14-Jan-22 - - - - - - -
2022 I - $0.01122 30-Dec-22 03-Jan-22 14-Jan-22 - - - - - - -
2021 F - $0.00459 05-May-21 06-May-21 25-May-21 - - - - - - -
2021 F - $0.00459 05-May-21 06-May-21 25-May-21 - - - - - - -
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. ADRO Adaro Energy Indonesia Tbk. 103,954.38 06/30/22 130,793,597 81,949,415 48,844,182 52,702,341 20,022,273
2. BYAN Bayan Resources Tbk. 226,583.34 06/30/22 37,285,630 27,078,834 10,206,796 29,838,668 15,000,918
3. ADMR Adaro Minerals Indonesia 75,427.90 06/30/22 16,960,159 6,074,623 10,885,536 6,483,457 3,037,548
4. PTBA Bukit Asam Tbk. 49,538.83 06/30/22 35,913,004 22,704,586 13,208,418 18,423,063 6,275,844
5. ITMG Indo Tambangraya Megah 44,745.03 06/30/22 29,373,496 22,053,978 7,319,518 21,155,373 6,855,870
Note: Masket cap is as of Jul 29, 2022. 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. ADRO Adaro Energy Indonesia Tbk. 5.77 1.47 15.31 40.99 0.63 1.68
2. BYAN Bayan Resources Tbk. 11.23 6.90 40.23 146.97 0.73 2.65
3. ADMR Adaro Minerals Indonesia Tbk. 22.98 18.13 17.91 27.90 0.36 0.56
4. PTBA Bukit Asam Tbk. 5.12 1.87 17.48 47.51 0.63 1.72
5. ITMG Indo Tambangraya Megah Tbk. 4.85 2.54 23.34 93.67 0.75 3.01
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: 29 Jul 2022 v2.0.0
Stock Performance & Trading Summary

Price Performance of Last 12 Months
Aug 02, 2021 - Jul 29, 2022 ADRO*
137.23%
IHSG
14.02%
LQ45
17.89%
Sector**
Aug 21 Sep 21 Oct 21 Nov 21 Dec 21 Jan 22 Feb 22 Mar 22 Apr 22 May 22 Jun 22 Jul 22 142.02%
*Adjusted Close Price; **Energy
Trading Summary of Last 12 Months
Price (IDR) Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22
Highest 1,410 1,760 1,915 1,745 2,310 2,430 2,480 3,240 3,350 3,310 3,650 3,280
Lowest 1,245 1,320 1,630 1,610 1,755 2,210 2,160 2,580 2,810 3,060 2,860 2,720
Close 1,260 1,760 1,680 1,700 2,250 2,240 2,450 2,690 3,340 3,270 2,860 3,250
Adj. Close* 1,260 1,760 1,680 1,700 2,250 2,240 2,450 2,690 3,340 3,270 2,860 3,250
Growth (%) 39.68% -4.55% 1.19% 32.35% -0.44% 9.38% 9.80% 24.16% -2.10% -12.54% 13.64%
Shares Traded Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22
Volume (mill.) 1,568 2,966 4,310 1,592 4,821 3,240 2,373 4,177 2,639 2,633 3,460 2,128
Value (bill.) 2,068 4,475 7,790 2,663 9,755 7,431 5,386 11,942 8,350 8,369 11,075 6,300
Frequency (th.) 173 282 438 172 291 322 240 485 340 325 392 278
Days 20 22 20 22 22 21 20 20 20 20 20 20
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) 2017 2018 2019 2020 2021 Industry: Coal Production
Highest 1,930 2,560 1,655 1,570 2,310 No. Code 6M YTD 1Y 3Y 5Y
Lowest 1,480 1,215 1,020 645 1,160
Close 1,860 1,215 1,555 1,430 2,250 1. ADRO 45.1% 44.4% 143.4% 155.9% 118.9%
Adj. Close* 1,860 1,215 1,555 1,430 2,250 2. BYAN 84.7% 151.8% 372.0% 302.2% 899.6%
Growth (%) -34.68% 27.98% -8.04% 57.34% 3. ADMR 45.3% n.a. n.a. n.a. n.a.
4. PTBA 50.9% 58.7% 92.8% 56.9% 97.7%
Shares Traded 2017 2018 2019 2020 2021 5. ITMG 82.9% 94.1% 133.6% 135.4% 161.4%
Volume 8,996 17,724 14,956 19,978 29,016
Value 15,733 33,061 20,018 24,209 44,192 Note:
Frequency 863 1,412 1,332 2,127 3,001 Base date: 6M = Jan 31, 2022; YTD = Dec 30, 2021; 1Y = Jul 30, 2021; 3Y = Jul 31, 2019; 5Y = May 15, 2017;
Industry peer companies are in the same industry, selected based on the proximity of stocks' market capitalization;
Days 238 239 245 242 247 *Adjusted price refers to the close price after adjustments for any applicable corporate actions.
Index Membership
No. Index Code No. Index Code

1. BISNIS-27 11. ISSI 21.
2. COMPOSITE 12. JII 22.
3. IDX30 13. JII70 23.
4. IDX80 14. KOMPAS100 24.
5. IDXENERGY 15. LQ45 25.
6. IDXG30 16. MBX 26.
7. IDXHIDIV20 17. MNC36 27.
8. IDXQ30 18. 28.
9. IDXV30 19. 29.
10. Investor33 20. 30.


Date: 29 Jul 2022 v2.0.0
Financial Data & Ratios

Book End: December (Expressed in millions IDR, unless otherwise stated)
Balance Sheets Dec 2018 Dec 2019 Dec 2020 Dec 2021 Jun 2022
Cash & Cash Equivalents 13,493,464 21,979,983 16,555,081 25,843,171 33,391,101
Trade receivables 5,393,541 4,327,468 3,161,579 6,449,431 13,008,713 Total Asset & Liabilities (Bill. Rp)
Inventories 1,628,777 1,687,763 1,482,915 1,794,156 2,905,249 Asset Liabilities
140
Current Assets 23,271,475 29,422,890 24,424,486 40,497,306 53,580,438
- - - - - - 120
Fixed Asset 23,408,272 24,019,049 21,713,731 19,935,291 20,316,400
100
- - - - - -
Total Assets 102,677,499 100,642,529 90,011,988 108,257,990 130,793,597 80
Trade Payable 4,969,961 4,678,840 3,022,321 3,887,004 4,794,579
60
Curr. Maturities - Bank Loans 2,656,402 7,057,007 8,289,748 3,124,497 4,644,003
- - - - - - 40
- - - - - -
Current Liabilities 11,872,714 17,188,621 16,149,139 19,428,071 23,501,937 20
Long-term Bank Loans 15,596,688 7,692,090 600,915 7,856,426 7,632,576 -

Long-term Bonds Payable - 10,235,825 10,394,863 10,560,744 11,038,857 2018 2019 2020 2021 2022
- - - - - -
Total Liabilities 40,107,752 45,094,086 34,273,062 44,642,293 48,844,182
Total Equity (Bill. Rp)
Common Stocks 4,987,033 4,782,298 4,837,169 4,893,411 5,103,633
81,949
Paid up Capital (Shares) 31,986 31,986 31,986 31,986 31,986
Par Value 100 100 100 100 100
Retained earnings 31,429,290 31,914,485 33,105,295 39,717,690 55,006,149 62,570 63,616
Total Equity 62,569,747 55,548,443 55,738,926 63,615,697 81,949,415 55,548 55,739
Income Statements Dec 2018 Dec 2019 Dec 2020 Dec 2021 Jun 2022
Revenues 52,638,419 48,210,013 35,753,946 56,972,093 52,702,341
Gross Profit 17,598,830 13,451,221 8,134,763 25,252,506 30,137,136
Operating Profit/Loss 14,777,711 10,207,824 5,802,064 22,612,099 28,007,597
Finance Costs -946,452 -925,056 -1,261,340 -1,189,093 -576,291
EBT 11,938,953 9,191,191 3,133,637 21,207,316 30,378,016
Tax -4,994,552 -3,125,088 -897,924 -6,530,322 -10,355,744
2018 2019 2020 2021 2022
Profit/Loss for the period 6,944,401 6,066,103 2,235,713 14,676,994 20,022,273
Profit/Loss Period Attributable 6,074,484 5,636,430 2,072,405 13,319,997 18,046,776
Comprehensive Income 6,814,541 5,403,799 1,396,423 15,797,281 21,240,945 Total Revenue (Bill. Rp)
Comprehensive Attributable 5,974,581 4,945,706 1,219,702 14,409,207 19,262,561 56,972
52,638 52,702
Cash Flow Statements Dec 2018 Dec 2019 Dec 2020 Dec 2021 Jun 2022 48,210
Net Cash - Operating 13,173,743 12,791,511 10,387,359 20,495,021 20,203,029
Net Cash - Investing -11,534,075 -7,509,438 -5,068,420 -9,197,969 -2,668,938
35,754
Net Cash - Financing -5,502,707 3,671,719 -10,973,225 -2,189,179 -10,902,642
Net Increase/Decrease in C&CE -3,863,039 8,953,792 -5,654,285 9,107,874 6,631,449
C&CE, end of period 13,493,464 21,979,983 16,555,081 25,843,171 33,391,101
Ratios Dec 2018 Dec 2019 Dec 2020 Dec 2021 Jun 2022
Current Ratio (%) 1.96 1.71 1.51 2.08 2.28
DAR (x) 0.39 0.45 0.38 0.41 0.37
DER (x) 0.64 0.81 0.61 0.70 0.60
EPS (IDR) 193.55 223.87 47.32 202.23 563.32 2018 2019 2020 2021 2022
PER (x) 6.28 6.95 30.22 11.13 5.08

BV (IDR) 1,956 1,737 1,743 1,989 2,562 Profit/Loss for the Period (Bill. Rp)
PBV (x) 0.95 0.70 0.89 0.72 0.88
ROA (%) 6.76 6.03 2.48 13.56 15.31
ROE (%) 11.10 10.92 4.01 23.07 24.43
20,022
GPM (%) 33.43 27.90 22.75 44.32 57.18
OPM (%) 28.07 21.17 16.23 39.69 53.14
14,677
NPM (%) 13.19 12.58 6.25 25.76 37.99
DPS (IDR) 107.21 90.15 110.06 289.97 462.07
DPR (%) 55.39 40.27 232.58 143.39 82.03
6,944
Dividend Yield (%) 5.76 7.42 7.08 20.28 20.54 6,066
Miscellaneous Dec 2018 Dec 2019 Dec 2020 Dec 2021 Jun 2022 2,236
No. of Listed Shares, million 31,986 31,986 31,986 31,986 31,986
Market Capitalization, billion IDR 38,863 49,738 45,740 71,968 91,480
2018 2019 2020 2021 2022
USD Rate (BI-JISDOR), IDR* 14,542 13,945 14,105 14,269 14,882
*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.

AMRT
Sumber Alfaria Trijaya Tbk.

AMRT Sumber Alfaria Trijaya Tbk.

Date: 29 Jul 2022 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 PT Ciptadana
Prawira and Feny Djoko Susanto. The largest shareholder of the company is PT 15 May 1989 15 Jan 2009 395 Securities
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-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=AMRT

Domestic 13,062.5 8,494.0
28% Individual 56.39% 35.50% Industrial Classification
64%
72%
Foreign 7,319.3 21,322.2 D Consumer Non-Cyclicals D11 Food & Staples Retailing
36%
Institution 71.65% 81.29% Sub-Sector Sub-Industry
Others 28.01% 18.67% D1 Food & Staples Retailing D113 Supermarkets & Convenience Store
Year 2021 YTD 2022
Total 20,381.7 29,816.2
Fundamental & ESG
YTD 2022
36.60x 8.06x 28.95 Medium
D 1,604.3 1,772.2 3,376.5
-1,207.3 1,740.9
Buy

D 4,148.0 2,986.9 7,134.9 "Foreign Buy-Domestic Sell" minus "Foreign Sell- AMRT Sector PER Market PER
Domestic Buy".
13.16x 13.92x

2022 F - Rp18.78 07-Jun-22 08-Jun-22 24-Jun-22 2013 SS 29-Jul-13 6,350 10:1 630 0.100
2021 F - Rp9.30 20-May-21 21-May-21 04-Jun-21 - - - - - - -
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. 77,858.44 06/30/22 28,897,687 9,477,723 19,419,964 47,886,751 1,279,679
2. HERO Hero Supermarket Tbk. 6,693.81 06/30/22 6,590,554 767,666 5,822,888 2,141,576 -113,772
3. MIDI Midi Utama Indonesia Tbk. 6,370.00 06/30/22 6,742,325 1,727,376 5,014,949 7,658,710 193,638
4. RANC Supra Boga Lestari Tbk. 1,979.08 06/30/22 1,385,192 456,815 928,377 1,496,866 -51,113
5. MPPA Matahari Putra Prima Tbk. 1,882.06 06/30/22 3,939,144 425,803 3,513,341 3,717,547 -158,602
1. AMRT Sumber Alfaria Trijaya Tbk. 36.60 8.06 4.43 6.59 0.33 0.49
2. HERO Hero Supermarket Tbk. -6.50 8.27 -1.73 -1.95 0.12 0.13
3. MIDI Midi Utama Indonesia Tbk. 20.00 3.74 2.87 3.86 0.26 0.34
4. RANC Supra Boga Lestari Tbk. -104.75 4.08 -3.69 -5.51 0.33 0.49
5. MPPA Matahari Putra Prima Tbk. -5.18 3.96 -4.03 -4.51 0.11 0.12


Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 AMRT*
31.58%
IHSG
14.02%
LQ45
17.89%
Sector**
*Adjusted Close Price; **Consumer Non-Cyclicals
Highest 1,440 1,435 1,340 1,305 1,240 1,230 1,275 1,520 1,755 1,820 2,040 2,030
Lowest 1,200 1,300 1,175 1,155 1,150 1,020 1,090 1,055 1,485 1,505 1,770 1,835
Close 1,350 1,380 1,195 1,180 1,215 1,165 1,090 1,520 1,710 1,820 2,040 1,875
Adj. Close* 1,350 1,380 1,195 1,180 1,215 1,165 1,090 1,520 1,710 1,820 2,040 1,875
Growth (%) 2.22% -13.41% -1.26% 2.97% -4.12% -6.44% 39.45% 12.50% 6.43% 12.09% -8.09%
Volume (mill.) 1,039 420 430 357 644 420 466 870 1,334 3,222 1,183 1,396
Value (bill.) 1,306 578 545 435 758 474 571 1,141 2,241 5,607 2,219 2,657
Frequency (th.) 77 43 68 67 55 80 106 179 224 226 172 186
Days 20 22 20 22 22 21 19 19 18 17 18 20
Price (IDR) 2017 2018 2019 2020 2021 Industry: Supermarkets & Convenience Store
Highest 750 950 1,025 920 1,440 No. Code 6M YTD 1Y 3Y 5Y
Lowest 520 550 800 625 765
Close 610 935 880 800 1,215 1. AMRT 60.9% 54.3% 38.9% 95.3% 237.8%
Adj. Close* 610 935 880 800 1,215 2. HERO -14.0% -13.0% -15.8% 110.5% 8.8%
Growth (%) 53.28% -5.88% -9.09% 51.88% 3. MIDI 7.3% 0.0% 17.6% 100.9% 142.9%
4. RANC -17.9% -29.7% 62.2% 214.7% 251.4%
Shares Traded 2017 2018 2019 2020 2021 5. MPPA -2.6% -48.8% -76.4% 7.8% -73.1%
Volume 3,448 3,526 1,400 1,365 8,776
Value 1,940 3,133 1,234 1,077 10,191 Note:
Frequency 12 25 15 45 756 Base date: 6M = Jan 31, 2022; YTD = Dec 30, 2021; 1Y = Jul 30, 2021; 3Y = Jul 31, 2019; 5Y = May 15, 2017;
Index Membership
No. Index Code

1. BISNIS-27 11. 21.
2. COMPOSITE 12. 22.
3. ESGQKEHATI 13. 23.
4. ESGSKEHATI 14. 24.
5. IDX80 15. 25.
6. IDXG30 16. 26.
7. IDXNONCYC 17. 27.
8. KOMPAS100 18. 28.
9. LQ45 19. 29.
10. MBX 20. 30.


Date: 29 Jul 2022 v2.0.0

35
Current Assets 12,791,052 14,782,817 13,558,536 14,211,903 14,502,135
- - - - - - 30
Fixed Asset 5,497,240 5,453,229 6,091,336 6,462,667 6,805,197
25
- - - - - -
Total Assets 22,165,968 23,992,313 25,970,743 27,493,748 28,897,687 20
Trade Payable 7,590,081 7,891,770 8,860,594 9,753,901 10,470,392
15
Curr. Maturities - Bank Loans 674,088 642,106 516,449 464,834 407,379
Curr. Maturities - Bonds Payable - 1,399,072 999,629 - - 10
- - - - - -
Long-term Bank Loans 800,742 707,168 724,494 606,625 430,256 -

Long-term Bonds Payable 2,393,957 998,553 - - - 2018 2019 2020 2021 2022
- - - - - -
Common Stocks 415,245 415,245 415,245 415,245 415,245 9,478
8,990
Par Value 10 10 10 10 10 7,636
Retained earnings 3,176,712 4,179,600 4,435,085 5,999,898 6,473,832 6,884
Total Equity 6,017,558 6,884,307 7,636,328 8,989,798 9,477,723 6,018
Revenues 66,817,305 72,944,988 75,826,880 84,904,301 47,886,751
Gross Profit 13,222,452 14,541,634 15,412,434 17,681,005 9,928,108
Operating Profit/Loss 650,216 899,886 763,809 1,849,311 1,190,580
Finance Costs -528,487 -397,856 -381,680 -322,031 -90,902
EBT 867,131 1,453,898 1,388,967 2,468,864 1,597,001
Tax -198,705 -315,010 -300,490 -480,114 -317,322
2018 2019 2020 2021 2022
Profit/Loss for the period 668,426 1,138,888 1,088,477 1,988,750 1,279,679
Profit/Loss Period Attributable 650,138 1,112,513 1,061,476 1,950,991 1,253,764
Comprehensive Income 1,010,579 977,914 1,566,127 1,902,831 1,282,617 Total Revenue (Bill. Rp)
Comprehensive Attributable 988,167 953,587 1,533,565 1,864,430 1,256,702 84,904
72,945
Net Cash - Operating 5,956,645 5,409,142 6,560,173 6,335,963 1,400,941 66,817

Net Cash - Financing -2,932,622 -892,330 -2,749,689 -3,278,614 -968,410 47,887
Net Increase/Decrease in C&CE 1,137,528 1,827,621 -20,490 -602,328 -2,070,273
C&CE, end of period 2,070,429 3,898,050 3,877,560 3,269,642 1,199,369
Current Ratio (%) 1.15 1.12 0.88 0.87 0.84
DAR (x) 0.73 0.71 0.71 0.67 0.67
DER (x) 2.68 2.49 2.40 2.06 2.05
EPS (IDR) 12.96 23.24 26.51 36.85 51.23 2018 2019 2020 2021 2022
PER (x) 72.15 37.86 30.18 32.97 39.82

BV (IDR) 145 166 184 216 228 Profit/Loss for the Period (Bill. Rp)
PBV (x) 4.21 5.64 4.79 3.70 5.32
ROA (%) 3.02 4.75 4.19 7.23 4.43
ROE (%) 11.11 16.54 14.25 22.12 13.50
1,989
GPM (%) 19.79 19.94 20.33 20.82 20.73
OPM (%) 0.97 1.23 1.01 2.18 2.49
NPM (%) 1.00 1.56 1.44 2.34 2.67 1,280
DPS (IDR) 5.77 2.64 19.41 18.60 18.78 1,139 1,088
DPR (%) 44.52 11.36 73.23 50.47 36.66
Dividend Yield (%) 0.95 0.28 2.21 2.33 1.55 668
Miscellaneous Dec 2018 Dec 2019 Dec 2020 Dec 2021 Jun 2022
2018 2019 2020 2021 2022

ANTM
Aneka Tambang Tbk.

ANTM Aneka Tambang Tbk.

Date: 29 Jul 2022 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-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=ANTM

Domestic 293,234.7 80,970.5
78% Others 0.17% 0.03% Sector Industry
89%
Foreign 35,657.6 22,343.6 B Basic Materials B14 Metals & Minerals
22% Institution 78.73% 76.65% Sub-Sector Sub-Industry
11%
Others 14.03% 18.05% B1 Basic Materials B146 Diversified Metals & Minerals
Year 2021 YTD 2022
Total 328,892.3 103,314.1
Fundamental & ESG
YTD 2022
17.42x 2.11x 39.94 High
D 32,066.1 7,814.8 39,881.0
2,742.4 1,208.5
Buy

D 132,675.6 12,570.5 145,246.1 "Foreign Buy-Domestic Sell" minus "Foreign Sell- ANTM Sector PER Market PER
Domestic Buy".
11.79x 13.92x

2022 F - Rp38.74 06-Jun-22 07-Jun-22 24-Jun-22 2015 RI 16-Oct-15 505 310:471 424 0.840
2021 F - Rp16.74 16-Apr-21 19-Apr-21 07-May-21 2007 SS 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 BS 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. 46,980.15 06/30/22 32,256,476 21,471,936 10,784,540 18,772,861 1,525,895
2. INCO Vale Indonesia Tbk. 60,611.67 06/30/22 38,949,394 34,301,760 4,647,634 8,401,425 2,239,071
3. BRMS Bumi Resources Minerals 33,177.47 06/30/22 15,567,745 14,059,722 1,508,023 82,442 58,204
4. TINS Timah Tbk. 10,873.72 06/30/22 14,375,636 7,051,694 7,323,942 7,478,785 1,082,074
5. IFSH Ifishdeco Tbk. 2,592.50 06/30/22 993,637 669,707 323,930 458,148 44,222
1. ANTM Aneka Tambang Tbk. 17.42 2.11 4.73 14.15 0.67 1.99
2. INCO Vale Indonesia Tbk. 16.16 1.77 5.75 48.18 0.88 7.38
3. BRMS Bumi Resources Minerals Tbk. 33.54 2.45 0.37 3.86 0.90 9.32
4. TINS Timah Tbk. 5.74 1.55 7.53 14.77 0.49 0.96
5. IFSH Ifishdeco Tbk. 13.70 3.64 4.45 13.65 0.67 2.07


Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 ANTM*
-22.11%
IHSG
14.02%
LQ45
17.89%
Sector**
*Adjusted Close Price; **Basic Materials
Highest 2,510 2,590 2,530 2,440 2,340 2,340 2,220 2,840 2,900 2,570 2,510 2,000
Lowest 2,260 2,270 2,220 2,300 2,220 1,725 1,780 2,260 2,500 2,330 1,800 1,540
Close 2,390 2,290 2,340 2,300 2,250 1,770 2,220 2,440 2,600 2,510 1,800 1,955
Adj. Close* 2,390 2,290 2,340 2,300 2,250 1,770 2,220 2,440 2,600 2,510 1,800 1,955
Growth (%) -4.18% 2.18% -1.71% -2.17% -21.33% 25.42% 9.91% 6.56% -3.46% -28.29% 8.61%
Volume (mill.) 1,597 2,436 3,086 1,591 753 3,114 2,840 6,985 2,940 1,968 2,136 2,478
Value (bill.) 3,755 5,872 7,416 3,777 1,725 5,970 5,688 18,246 7,967 4,866 4,593 4,328
Frequency (th.) 272 352 493 266 174 497 369 787 422 315 412 456
Days 20 22 20 22 22 21 20 20 20 20 20 19
Price (IDR) 2017 2018 2019 2020 2021 Industry: Diversified Metals & Minerals
Highest 920 995 1,170 2,000 3,190 No. Code 6M YTD 1Y 3Y 5Y
Lowest 605 595 670 348 2,170
Close 625 765 840 1,935 2,250 1. ANTM 10.5% -13.1% -22.4% 109.1% 220.5%
Adj. Close* 625 765 840 1,935 2,250 2. INCO 29.5% 30.3% 10.9% 101.3% 223.6%
Growth (%) 22.40% 9.80% 130.36% 16.28% 3. BRMS 68.3% 101.7% 162.6% 436.6% 300.4%
4. TINS 5.8% 0.3% -12.3% 41.1% 74.9%
Shares Traded 2017 2018 2019 2020 2021 5. IFSH -24.7% -43.0% 8.0% n.a. n.a.
Volume 12,161 21,038 25,382 46,447 63,677
Value 9,060 17,479 23,928 49,809 164,446 Note:
Frequency 499 891 1,470 3,219 8,803 Base date: 6M = Jan 31, 2022; YTD = Dec 30, 2021; 1Y = Jul 30, 2021; 3Y = Jul 31, 2019; 5Y = May 15, 2017;
Index Membership

1. BISNIS-27 11. IDXSMC-COM 21.
2. COMPOSITE 12. IDXSMC-LIQ 22.
3. ESGQKEHATI 13. Investor33 23.
4. ESGSKEHATI 14. ISSI 24.
5. IDX30 15. JII 25.
6. IDX80 16. JII70 26.
7. IDXBASIC 17. KOMPAS100 27.
8. IDXBUMN20 18. LQ45 28.
9. IDXHIDIV20 19. MBX 29.
10. IDXMESBUMN 20. MNC36 30.


Date: 29 Jul 2022 v2.0.0

Trade receivables 923,896 1,002,335 1,344,196 1,447,676 1,733,509 Total Asset & Liabilities (Bill. Rp)
35
Current Assets 8,498,443 7,665,239 9,150,514 11,728,143 10,954,380
- - - - - - 30
Fixed Asset 20,128,156 18,865,691 18,248,068 16,863,748 16,266,885
25
- - - - - -
Total Assets 33,306,391 30,194,908 31,729,513 32,916,154 32,256,476 20
Trade Payable 1,157,991 739,744 672,748 1,399,446 1,213,668
15
Curr. Maturities - Bonds Payable - - 2,099,241 - - 10
- - - - - -
Long-term Bank Loans 5,249,741 3,465,639 3,387,657 3,703,354 2,348,374 -

Long-term Bonds Payable 2,097,853 2,098,516 - - - 2018 2019 2020 2021 2022
- - - - - -
Common Stocks 2,403,076 2,403,076 2,403,076 2,403,076 2,403,076
21,472
Par Value 100 100 100 100 100 20,837
Retained earnings 10,591,179 7,912,776 8,786,064 10,271,507 10,914,765

Total Equity 19,739,231 18,133,419 19,039,449 20,837,098 21,471,936 19,739
19,039
Revenues 25,241,268 32,718,543 27,372,461 38,445,595 18,772,861 18,133
Gross Profit 3,476,436 4,447,156 4,475,777 6,359,061 4,029,487
Operating Profit/Loss 1,852,729 955,615 2,032,303 2,738,144 1,464,834
Finance Costs -554,332 -233,361 -565,452 -359,094 -148,161
EBT 1,265,502 687,034 1,641,178 3,043,509 2,213,452
Tax -391,075 -493,182 -491,824 -1,181,769 -687,557
2018 2019 2020 2021 2022
Profit/Loss for the period 874,427 193,852 1,149,354 1,861,740 1,525,895
Profit/Loss Period Attributable 874,425 193,851 1,149,353 1,861,743 1,525,896
Comprehensive Income 1,296,605 -8,898 973,878 2,199,922 1,565,709 Total Revenue (Bill. Rp)
Comprehensive Attributable 1,296,603 -8,899 973,877 2,199,925 1,565,710
38,446
Cash Flow Statements Dec 2018 Dec 2019 Dec 2020 Dec 2021 Jun 2022
Net Cash - Operating 1,874,578 1,633,837 2,218,674 5,042,665 861,323 32,719
Net Cash - Investing -2,593,809 -885,313 -567,382 -1,729,827 -226,365 27,372
Net Cash - Financing -619,760 -1,363,160 -1,218,456 -2,221,595 -2,534,836 25,241
Net Increase/Decrease in C&CE -1,338,991 -614,636 432,837 1,091,243 -1,899,878

18,773
C&CE, end of period 4,299,068 3,636,243 3,984,388 5,089,160 3,233,669
Current Ratio (%) 1.54 1.45 1.21 1.79 1.65
DAR (x) 0.41 0.40 0.40 0.37 0.33
DER (x) 0.69 0.67 0.67 0.58 0.50
EPS (IDR) 45.74 33.48 19.49 84.23 112.22 2018 2019 2020 2021 2022
PER (x) 16.73 25.09 99.26 26.71 16.04

PBV (x) 0.76 1.01 1.06 2.23 2.52
ROA (%) 2.63 0.64 3.62 5.66 4.73 1,862
ROE (%) 4.43 1.07 6.04 8.93 7.11
GPM (%) 13.77 13.59 16.35 16.54 21.46 1,526
OPM (%) 7.34 2.92 7.42 7.12 7.80

1,149
NPM (%) 3.46 0.59 4.20 4.84 8.13
DPS (IDR) 1.99 12.74 2.82 33.48 38.74 874
DPR (%) 4.35 38.06 14.47 39.75 34.52
Dividend Yield (%) 0.32 1.67 0.34 1.73 1.72
Miscellaneous Dec 2018 Dec 2019 Dec 2020 Dec 2021 Jun 2022 194
2018 2019 2020 2021 2022

ARTO
Bank Jago Tbk.

ARTO Bank Jago Tbk.

Date: 29 Jul 2022 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 Kharim Indra Gupta Siregar PT Binaartha
and Jerry Ng. The largest shareholder of the company is PT Metamorfosis 01 May 1992 12 Jan 2016 132 Parama
Ekosistem Indonesia (29.81%). The percentage of public shareholding (<5%) is
27.89%. Stock Overview
For more information click here: Development 145,064,545,312,500 109,731,084,956,733
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=ARTO

Domestic 114,245.3 76,797.9
63% Institution 16.35% 14.62%
Foreign 35,636.0 45,445.5 G Financials G11 Banks
37%
Others 10.71% 13.78% G1 Banks G111 Banks
Year 2021 YTD 2022
Total 149,881.3 122,243.4
Fundamental & ESG
YTD 2022
906.08x 17.70x
D 29,092.9 8,212.1 37,305.0
2,227.2 2,187.9
Buy

D 46,231.8 9,777.2 56,009.1 "Foreign Buy-Domestic Sell" minus "Foreign Sell- ARTO Sector PER Market PER
Domestic Buy".
19.43x 13.92x

- - - - - - - 2021 RI 05-Mar-21 11,100 579:160 9,200 0.829
- - - - - - - 2020 RI 30-Mar-20 3,140 1:8 472 0.150
- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
Industry Peers
1. ARTO Bank Jago Tbk. 145,064.55 06/30/22 14,611,943 8,277,059 6,076,306 705,318 28,918
2. BBRI Bank Rakyat Indonesia 654,189.27 06/30/22 1,652,838,717 286,265,265 1,366,573,452 90,856,778 24,876,271
3. BMRI Bank Mandiri (Persero) Tbk. 382,305.00 06/30/22 1,785,706,841 220,819,546 1,380,959,491 70,268,529 22,044,308
4. BBNI Bank Negara Indonesia 144,928.03 06/30/22 946,495,285 130,490,841 816,004,444 33,578,468 8,872,133
5. BBHI Allo Bank Indonesia Tbk. 75,940.73 06/30/22 9,772,945 6,270,325 3,502,620 383,933 150,625
1. ARTO Bank Jago Tbk. 906.08 17.70 0.20 0.48 0.57 1.36
2. BBRI Bank Rakyat Indonesia (Persero) 15.23 2.31 1.51 1.82 0.17 0.21
3. BMRI Bank Mandiri (Persero) Tbk. 12.01 1.81 1.23 1.60 0.12 0.16
4. BBNI Bank Negara Indonesia (Persero) 9.98 1.12 0.94 1.09 0.14 0.16
5. BBHI Allo Bank Indonesia Tbk. 239.58 12.23 1.54 4.30 0.64 1.79

ARTO Bank Jago Tbk.

Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 ARTO*
-39.31%
IHSG
14.02%
LQ45
17.89%
Sector**
*Adjusted Close Price; **Financials
Highest 17,425 16,675 15,500 16,725 17,650 19,000 17,300 16,500 14,025 10,850 9,825 10,875
Lowest 15,175 13,975 12,250 14,700 15,100 15,900 14,150 13,975 11,650 7,075 8,200 7,525
Close 15,175 15,100 15,500 15,825 16,000 16,400 16,175 14,650 11,650 9,375 9,150 10,575
Adj. Close* 15,175 15,100 15,500 15,825 16,000 16,400 16,175 14,650 11,650 9,375 9,150 10,575
Growth (%) -0.49% 2.65% 2.10% 1.11% 2.50% -1.37% -9.43% -20.48% -19.53% -2.40% 15.57%
Volume (mill.) 513 621 575 826 623 1,013 1,189 509 300 524 451 438
Value (bill.) 8,292 9,442 7,930 12,902 10,043 18,086 18,837 7,778 3,899 4,280 4,089 4,152
Frequency (th.) 305 391 403 375 280 451 393 255 170 208 212 204
Days 20 22 20 22 22 21 20 20 20 20 20 18
Price (IDR) 2017 2018 2019 2020 2021 Industry: Banks

Highest 180 234 4,100 4,310 18,375 No. Code 6M YTD 1Y 3Y 5Y
Lowest 106 137 145 590 4,210
Close 168 184 3,100 4,300 16,000 1. ARTO -35.5% -33.9% -41.1% 49460.6% 52867.9%
Adj. Close* 21 23 387 537 13,269 2. BBRI 7.1% 6.1% 20.5% -0.2% 56.3%
Growth (%) 9.52% 1584.78% 38.71% 2373.04% 3. BMRI 10.7% 17.8% 45.2% 3.8% 36.5%
4. BBNI 7.2% 16.3% 64.2% -7.4% 20.3%
Shares Traded 2017 2018 2019 2020 2021 5. BBHI -37.0% -10.8% 132.0% 10438.6% 6610.8%
Volume 171 180 1,310 4,265 5,402
Value 26 36 528 5,640 74,941 Note:
Frequency 3 4 11 55 2,789 Base date: 6M = Jan 31, 2022; YTD = Dec 30, 2021; 1Y = Jul 30, 2021; 3Y = Jul 31, 2019; 5Y = May 15, 2017;
Index Membership
No. Index Code

2. DBX 12. 22.
3. IDX30 13. 23.
4. IDX80 14. 24.
5. IDXFINANCE 15. 25.
6. INFOBANK15 16. 26.
7. KOMPAS100 17. 27.
8. LQ45 18. 28.
9. PEFINDO25 19. 29.
10. 20. 30.

ARTO Bank Jago Tbk.

Date: 29 Jul 2022 v2.0.0

Cash on Hand 20,478 25,486 11,283 9,986 9,249
Current accounts (BI & Banks) 105,415 38,036 135,277 239,676 392,553 Total Asset & Liabilities (Bill. Rp)
- - - - - - Asset Liabilities
16
- - - - - -
Loans 383,761 251,671 826,203 5,241,783 7,044,239 14
Marketable Securities - - 137,601 1,898,629 2,758,624 12

Fixed Asset 65,904 69,359 137,634 143,877 135,318
10
Total Assets 664,673 1,321,057 2,179,873 12,312,422 14,611,943
Deposits 536,113 627,010 805,757 3,567,261 5,841,499 8
- - - - - - 6
- - - - - -
4
- - - - - -
- - - - - - 2
- - - - - - -
- - - - - - 2018 2019 2020 2021 2022
- - - - - -
Total Liabilities 549,114 639,878 947,540 3,952,606 6,076,306
Common Stocks 120,625 120,625 1,085,625 1,385,625 1,385,625
8,249 8,277
- - - - - -
- - - - - -
Retained earnings -58,442 -168,224 -331,618 -245,545 -216,603
Total equity 115,559 681,179 1,232,333 8,249,455 8,277,059
Interest Income 67,456 52,609 90,071 652,419 705,318
Interest Expenses -39,955 -41,109 -25,427 -62,681 -64,235
Profit from Operation -18,341 -91,723 -185,731 10,503 35,316
1,232
EBT -18,352 -118,795 -189,567 9,134 37,290 681
Tax -4,936 -3,171 - 76,890 -8,372 116
- - - - - -
2018 2019 2020 2021 2022
Profit for the period -23,288 -121,966 -189,567 86,024 28,918
Profit/Loss Period Attributable -23,288 -121,966 -189,567 86,024 28,918
Comprehensive Income -23,491 -117,238 -189,671 83,761 28,072 Total Revenue (Bill. Rp)
Comprehensive Attributable -23,491 -117,238 -189,671 83,761 28,072
705
Cash Flow Statements Dec 2018 Dec 2019 Dec 2020 Dec 2021 Jun 2022 652
Net Cash - Operating -86,019 134,314 -327,182 -3,786,538 1,649,340
Net Cash - Investing 141,600 -814,353 -264,953 -2,165,388 -1,049,905
Net Cash - Financing - 682,858 736,147 6,922,891 -5,344
Net Increase/Decrease in C&CE 55,581 2,819 144,012 970,965 594,091
C&CE, end of period 125,894 63,522 447,506 1,418,471 2,012,562
Current Ratio (%) n.a. n.a. n.a. n.a. n.a. 90
67 53
DAR (x) 0.83 0.48 0.43 0.32 0.42
DER (x) 4.75 0.94 0.77 0.48 0.73
EPS (IDR) -8.35 -26.69 -19.21 -8.40 10.33 2018 2019 2020 2021 2022
PER (x) -22.04 -116.16 -223.79 -1,903.67 886.05

PBV (x) 1.74 0.32 27.04 7.15 26.52
ROA (%) -3.50 -9.23 -8.70 0.70 0.20 86
ROE (%) -20.15 -17.91 -15.38 1.04 0.35

29
GPM (%) -59.23 -78.14 -28.23 -9.61 -9.11
OPM (%) n.a. n.a. n.a. n.a. n.a.
NPM (%) -34.52 -231.83 -210.46 13.19 4.10
-23
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 1,194 10,748 13,718 13,718 -190
Market Capitalization, billion IDR 220 3,702 46,215 219,483 125,517

2018 2019 2020 2021 2022

ASII
Astra International Tbk.

ASII Astra International Tbk.

Date: 29 Jul 2022 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 PT Danareksa
Tjondro and Prijono Sugiarto. The largest shareholder of the company is Jardine 20 Feb 1957 04 Apr 1990 14,850 Sekuritas
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-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=ASII

Domestic 62,126.9 40,103.6
40% 41%
Foreign 95,139.2 58,314.2 C Industrials C31 Multi-sector Holdings
60% 59% Individual 0.30% 0.46%
Others 26.08% 31.75% C3 Multi-sector Holdings C311 Multi-sector Holdings
Year 2021 YTD 2022
Total 157,266.0 98,417.8
Fundamental & ESG
YTD 2022
8.67x 1.10x 43.59 Severe
D 8,798.8 9,063.4 17,862.2
-841.3 4,379.2
Buy

D 13,666.0 17,818.1 31,484.1 "Foreign Buy-Domestic Sell" minus "Foreign Sell- ASII Sector PER Market PER
Domestic Buy".
10.14x 13.92x

2022 F - Rp194.00 09-May-22 10-May-22 20-May-22 2012 SS 05-Jun-12 62,400 10:1 6,250 0.100
2021 I - Rp45.00 08-Oct-21 11-Oct-21 29-Oct-21 2003 RI 10-Jan-03 2,850 13:7 2,225 0.773
2021 I - Rp45.00 08-Oct-21 11-Oct-21 22-Oct-21 1997 SS 01-Sep-97 5,400 2:1 2,700 0.500
2021 F - Rp87.00 03-May-21 04-May-21 25-May-21 1994 BS 29-Jul-94 13,400 1:3 no data 0.250
2021 F - Rp114.00 03-May-21 04-May-21 25-May-21 1993 RI 15-Dec-93 16,500 1:5 no data 0.973
Industry Peers
1. ASII Astra International Tbk. 256,058.47 06/30/22 392,523,000 232,083,000 160,440,000 143,692,000 23,917,000
2. ABMM ABM Investama Tbk. 7,213.29 06/30/22 18,223,381 6,442,836 11,780,545 9,706,189 2,096,285
3. BMTR Global Mediacom Tbk. 6,733.10 06/30/22 35,122,678 25,690,264 9,432,414 6,927,924 1,256,520
4. BHIT MNC Asia Holding Tbk. 5,852.63 06/30/22 66,295,031 39,546,471 26,748,560 8,320,290 1,056,013
5. MLPL Multipolar Tbk. 2,697.36 06/30/22 13,607,921 4,626,359 8,981,562 5,579,356 3,539
1. ASII Astra International Tbk. 8.67 1.10 6.09 14.91 0.59 1.45
2. ABMM ABM Investama Tbk. 3.29 1.23 11.50 17.79 0.35 0.55
3. BMTR Global Mediacom Tbk. 4.38 0.27 3.58 13.32 0.73 2.72
4. BHIT MNC Asia Holding Tbk. 7.08 0.15 1.59 3.95 0.60 1.48
5. MLPL Multipolar Tbk. 6.75 0.57 0.03 0.04 0.34 0.52


Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 ASII*
31.22%
IHSG
14.02%
LQ45
17.89%
Sector**
*Adjusted Close Price; **Industrials
Highest 5,275 5,525 6,350 6,250 6,000 5,775 5,800 6,700 7,575 7,350 7,325 6,525
Lowest 4,820 5,075 5,450 5,775 5,625 5,450 5,300 5,525 6,700 6,850 6,500 5,825
Close 5,225 5,500 6,025 5,775 5,700 5,475 5,800 6,575 7,575 7,350 6,625 6,325
Adj. Close* 5,225 5,500 6,025 5,775 5,700 5,475 5,800 6,575 7,575 7,350 6,625 6,325
Growth (%) 5.26% 9.55% -4.15% -1.30% -3.95% 5.94% 13.36% 15.21% -2.97% -9.86% -4.53%
Volume (mill.) 882 855 1,605 1,246 917 691 1,139 1,586 976 956 1,172 1,202
Value (bill.) 4,457 4,545 9,664 7,532 5,312 3,865 6,313 9,895 6,839 6,772 8,140 7,385
Frequency (th.) 157 162 257 196 140 128 164 241 154 143 164 160
Days 20 22 20 22 22 21 20 20 21 20 20 20
Price (IDR) 2017 2018 2019 2020 2021 Industry: Multi-sector Holdings
Lowest 7,900 6,100 6,275 3,280 4,650
Close 8,300 8,225 6,925 6,025 5,700 1. ASII 15.5% 11.0% 34.0% -9.6% -27.3%
Adj. Close* 8,300 8,225 6,925 6,025 5,700 2. ABMM 85.8% 84.5% 111.3% 42.0% 19.6%
Growth (%) -0.90% -15.81% -13.00% -5.39% 3. BMTR 61.1% 56.2% 55.0% 4.6% -36.6%
4. BHIT 15.3% 21.4% -21.8% -12.8% -41.9%
Shares Traded 2017 2018 2019 2020 2021 5. MLPL -18.9% -53.5% -69.0% 60.7% -37.7%
Volume 9,112 9,744 10,206 14,859 14,012
Value 73,478 73,430 73,657 74,691 78,633 Note:
Index Membership

1. BISNIS-27 11. Investor33 21.
2. COMPOSITE 12. KOMPAS100 22.
3. ESGQKEHATI 13. LQ45 23.
4. ESGSKEHATI 14. MBX 24.
5. IDX30 15. MNC36 25.
6. IDX80 16. SRI-KEHATI 26.
7. IDXHIDIV20 17. 27.
8. IDXINDUST 18. 28.
9. IDXQ30 19. 29.
10. IDXV30 20. 30.


Date: 29 Jul 2022 v2.0.0

450
Current Assets 133,609,000 129,058,000 132,308,000 160,262,000 175,316,000
Investment Properties 8,504,000 7,552,000 7,507,000 7,550,000 7,551,000 400
Fixed Asset 57,733,000 62,337,000 59,230,000 55,349,000 55,901,000 350

- - - - - - 300
Total Assets 344,711,000 351,958,000 338,203,000 367,311,000 392,523,000
250
Trade Payable 41,947,000 29,762,000 16,262,000 24,794,000 29,225,000
200
Curr. Maturities - Bonds Payable 10,235,000 8,300,000 10,468,000 7,742,000 6,426,000 150
- - - - - - 100

Long-term Bonds Payable 13,777,000 13,374,000 8,101,000 7,673,000 9,392,000 2018 2019 2020 2021 2022
- - - - - -
Common Stocks 2,024,000 2,024,000 2,024,000 2,024,000 2,024,000
232,083
Paid up Capital (Shares) 40,484 40,484 40,484 40,484 40,484 215,615
Par Value 50 50 50 50 50 195,454
186,763
Total Equity 174,363,000 186,763,000 195,454,000 215,615,000 232,083,000
Revenues 239,205,000 237,166,000 175,046,000 233,485,000 143,692,000
Gross Profit 50,769,000 50,239,000 38,558,000 51,033,000 33,551,000
Finance Costs -3,105,000 -4,382,000 -3,408,000 -2,288,000 -1,017,000
EBT 34,995,000 34,054,000 21,741,000 32,350,000 28,802,000
Tax -7,623,000 -7,433,000 -3,170,000 -6,764,000 -4,885,000
2018 2019 2020 2021 2022
Comprehensive Attributable 22,612,000 19,464,000 15,222,000 21,755,000 19,672,000
Cash Flow Statements Dec 2018 Dec 2019 Dec 2020 Dec 2021 Jun 2022 239,205 237,166 233,485
Net Cash - Investing -29,731,000 -14,186,000 13,133,000 -3,905,000 -3,267,000
175,046
Net Cash - Financing -4,873,000 -5,414,000 -27,955,000 -18,200,000 -14,297,000
143,692
Net Increase/Decrease in C&CE -6,912,000 -425,000 22,861,000 16,147,000 3,677,000
C&CE, end of period 24,941,000 24,324,000 47,553,000 63,947,000 68,234,000
Current Ratio (%) 1.15 1.29 1.54 1.54 1.54
DAR (x) 0.49 0.47 0.42 0.41 0.41
DER (x) 0.98 0.88 0.73 0.70 0.69
EPS (IDR) 537.75 505.59 491.01 422.44 576.21 2018 2019 2020 2021 2022
PER (x) 15.30 13.70 12.27 13.49 11.50

PBV (x) 1.93 1.78 1.43 1.13 0.99
ROA (%) 7.94 7.56 5.49 6.97 6.09 27,372
26,621
ROE (%) 15.70 14.25 9.50 11.87 10.31 25,586
23,917
GPM (%) 21.22 21.18 22.03 21.86 23.35
OPM (%) 11.23 11.04 7.35 10.94 14.28 18,571
NPM (%) 11.44 11.22 10.61 10.96 16.64
DPS (IDR) 190.00 211.13 184.00 291.00 194.00
DPR (%) 35.33 41.76 37.47 68.89 33.67
Dividend Yield (%) 2.29 2.57 2.66 4.83 3.40
2018 2019 2020 2021 2022

BBCA
Bank Central Asia Tbk.

BBCA Bank Central Asia Tbk.

Date: 29 Jul 2022 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
shareholding (<5%) is 0.00%. The company has 9 subsidiaries. One of the Stock Overview
biggest subsidiaries is PT Bank BCA Syariah.
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=BBCA

Domestic 105,602.9 78,923.9
33% 34%
67% 66%
Year 2021 YTD 2022
Total 319,198.8 229,863.8
Fundamental & ESG
YTD 2022
25.88x 4.46x 25.86 Medium
D 14,406.9 24,830.1 39,237.0
7,653.8 449.9
Buy

D 19,704.6 29,270.0 48,974.6 "Foreign Buy-Domestic Sell" minus "Foreign Sell- BBCA Sector PER Market PER
Domestic Buy".
19.43x 13.92x

2022 F - Rp120.00 28-Mar-22 29-Mar-22 19-Apr-22 2021 SS 13-Oct-21 36,600 5:1 7,325 0.200
2021 I - Rp25.00 17-Nov-21 18-Nov-21 07-Dec-21 2008 SS 28-Jan-08 3,600 125:62.5 1,800 0.500
2021 I - Rp25.00 17-Nov-21 18-Nov-21 07-Dec-21 2004 SS 08-Jun-04 1,750 2:1 880 0.500
2021 F - Rp432.00 08-Apr-21 09-Apr-21 28-Apr-21 2001 SS 16-May-01 1,725 2:1 870 0.500
2021 F - Rp432.00 08-Apr-21 09-Apr-21 28-Apr-21 - - - - - - -
Industry Peers
1. BBCA Bank Central Asia Tbk. 897,010.90 06/30/22 1,264,467,919 203,128,593 1,055,751,265 34,222,930 18,056,409
1. BBCA Bank Central Asia Tbk. 25.88 4.46 1.43 1.71 0.16 0.19


Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 BBCA*
23.32%
IHSG
14.02%
LQ45
17.89%
Sector**
Highest 33,000 35,000 36,600 7,675 7,500 7,950 8,050 8,200 8,200 7,750 7,650 7,400
Lowest 29,800 32,200 7,375 7,275 7,275 7,325 7,700 7,650 7,625 7,275 7,250 7,000
Close 32,750 35,000 7,475 7,275 7,300 7,625 8,050 7,975 8,125 7,750 7,250 7,350
Adj. Close* 32,750 35,000 37,375 36,375 36,500 38,125 40,250 39,875 40,625 38,750 36,250 36,750
Growth (%) 6.87% 6.79% -2.68% 0.34% 4.45% 5.57% -0.93% 1.88% -4.62% -6.45% 1.38%
Volume (mill.) 400 327 2,004 1,824 1,396 2,050 1,582 2,684 2,061 2,855 2,221 1,551
Value (bill.) 12,790 10,737 20,620 13,572 10,271 15,698 12,480 21,315 16,215 21,459 16,557 11,209
Frequency (th.) 250 191 585 384 275 311 276 421 371 525 397 331
Days 20 22 20 22 22 21 19 20 22 20 20 20

Lowest 14,950 20,600 25,900 22,150 7,275
Close 21,900 26,000 33,425 33,850 7,300 1. BBCA -3.6% 0.7% 23.1% 18.7% 101.4%
Adj. Close* 4,380 5,200 6,685 6,770 1,460 2. BBRI 7.1% 6.1% 20.5% -0.2% 56.3%
Growth (%) 18.72% 28.56% 1.27% -78.43% 3. BMRI 10.7% 17.8% 45.2% 3.8% 36.5%
4. ARTO -35.5% -33.9% -41.1% 49460.6% 52867.9%
Shares Traded 2017 2018 2019 2020 2021 5. BBNI 7.2% 16.3% 64.2% -7.4% 20.3%
Volume 7,238 4,806 3,951 6,335 8,761
Value 130,261 112,750 115,610 185,917 159,599 Note:
Frequency 1,073 1,414 1,599 3,690 3,717 Base date: 6M = Jan 31, 2022; YTD = Dec 30, 2021; 1Y = Jul 30, 2021; 3Y = Jul 31, 2019; 5Y = May 15, 2017;
Index Membership

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


Date: 29 Jul 2022 v2.0.0

Cash on Hand 21,691,443 25,421,406 24,322,335 23,615,635 15,527,363
Current accounts (BI & Banks) 52,046,247 58,426,361 39,450,814 77,386,400 96,386,053 Total Asset & Liabilities (Bill. Rp)
1,400
Consumer Fin. Receivables 7,613,709 10,532,424 7,605,934 7,855,976 8,563,842
Loans 524,530,462 572,033,999 547,643,666 589,813,578 623,125,787 1,200
Marketable Securities 4,801,868 3,974,550 1,856,202 1,117,078 2,792,052
1,000
Fixed Asset 19,336,901 20,852,301 21,915,054 22,169,299 21,993,249
Total Assets 824,787,944 918,989,312 1,075,570,256 1,228,344,680 1,264,467,919 800
Deposits 636,306,508 705,697,542 844,447,006 978,623,938 1,010,362,222
600
Fund Borrowings 2,093,475 2,332,870 1,307,298 976,225 755,667
Bonds 239,735 1,347,523 590,821 482,149 482,646 400
- - - - - -
- - - - - - 200
- - - - - - -
- - - - - - 2018 2019 2020 2021 2022
- - - - - -
Total Liabilities 668,438,779 740,067,127 885,537,919 1,019,773,758 1,055,751,265
Common Stocks 1,540,938 1,540,938 1,540,938 1,540,938 1,540,938
202,849 203,129
Par Value 63 63 63 13 13
184,715
Total equity 151,753,427 174,143,156 184,714,709 202,848,934 203,128,593 151,753
Interest Income 56,766,800 63,837,795 65,403,161 65,626,976 33,631,500
Interest Expenses -11,476,255 -13,360,347 -11,241,891 -9,491,401 -3,964,048
Profit from Operation 32,706,064 36,288,998 33,568,507 38,841,174 22,298,433
EBT 32,706,064 36,288,998 33,568,507 38,841,174 22,298,433
Tax -6,854,404 -7,719,024 -6,421,398 -7,401,015 -4,242,024
- - - - - -
2018 2019 2020 2021 2022
Profit for the period 25,851,660 28,569,974 27,147,109 31,440,159 18,056,409
Comprehensive Attributable 26,766,431 31,131,779 31,018,293 31,849,276 15,067,054 65,403 65,627
63,838
Net Cash - Investing 20,627,654 -34,732,414 -44,117,844 -41,247,858 -9,663,138
33,632
Net Increase/Decrease in C&CE 18,242,567 9,874,730 -8,692,237 70,840,231 49,348,488
C&CE, end of period 103,311,560 113,067,545 106,271,237 177,268,685 227,093,708
Current Ratio (%) n.a. n.a. n.a. n.a. n.a.
DAR (x) 0.81 0.81 0.82 0.83 0.83
DER (x) 4.40 4.25 4.79 5.03 5.20
EPS (IDR) 1,013.03 1,146.53 1,122.68 238.06 263.21 2018 2019 2020 2021 2022
PER (x) 25.67 29.15 30.15 30.66 27.54

PBV (x) 3.52 3.64 4.42 20.37 4.39
ROA (%) 3.13 3.11 2.52 2.56 1.43
31,440
ROE (%) 17.04 16.41 14.70 15.50 8.89 28,570
27,147
GPM (%) -20.22 -20.93 -17.19 -14.46 -11.79 25,852
NPM (%) 45.54 44.75 41.51 47.91 53.69 18,056
DPS (IDR) 260.00 355.00 553.00 914.00 120.00
DPR (%) 25.67 30.96 49.26 383.94 45.59
Dividend Yield (%) 1.19 1.37 1.65 2.70 1.64
2018 2019 2020 2021 2022

BBNI
Bank Negara Indonesia (Persero) Tbk.

BBNI Bank Negara Indonesia (Persero) Tbk.

Date: 29 Jul 2022 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
& other supporting business activities. The company's President Director and PT Bahana
President Commisioner are Royke Tumilaar and Agus Dermawan Wintarto 05 Jul 1946 25 Nov 1996 850 Securities
Martowardojo. The largest shareholder of the company is Republic of Indonesia
(60.00%). The company has 6 subsidiaries. One of the biggest subsidiaries is Stock Overview
PT. BNI Life Insurance.
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=BBNI

Domestic 64,349.5 45,515.4
50% Institution 31.88% 53.31%
65%
50% Individual 1.63% 0.59%
35%
Year 2021 YTD 2022
Total 98,186.7 91,345.6
Fundamental & ESG
YTD 2022
9.98x 1.12x 25.46 Medium
D 11,429.8 8,732.9 20,162.7
1,273.5 5,190.0
Buy

D 21,789.7 9,748.3 31,538.0 "Foreign Buy-Domestic Sell" minus "Foreign Sell- BBNI Sector PER Market PER
Domestic Buy".
19.43x 13.92x

2022 F - Rp146.30 24-Mar-22 25-Mar-22 14-Apr-22 2010 RI 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 RI 07-Aug-07 2,275 20:3 2,250 0.986
2021 F - Rp44.02 08-Apr-21 09-Apr-21 30-Apr-21 2003 RS 23-Dec-03 90 1:15 1,350 15.000
2020 F - Rp206.24 02-Mar-20 03-Mar-20 24-Mar-20 1999 RI 05-Jul-99 400 1:35 350 0.873
2019 F - Rp201.29 22-May-19 23-May-19 14-Jun-19 - - - - - - -
Industry Peers
5. BRIS Bank Syariah Indonesia Tbk. 66,573.81 06/30/22 277,342,955 26,505,811 65,428,280 7,513,336 2,131,289
5. BRIS Bank Syariah Indonesia Tbk. 20.54 2.59 0.77 3.26 0.10 0.41


Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 BBNI*
62.86%
IHSG
14.02%
LQ45
17.89%
Sector**
Highest 5,425 5,450 7,450 7,175 7,050 7,500 8,000 8,500 9,600 9,200 9,000 7,850
Lowest 4,820 5,050 5,350 6,800 6,625 6,725 7,300 7,600 8,150 8,200 7,850 7,225
Close 5,400 5,375 7,000 6,800 6,750 7,325 8,000 8,250 9,225 9,175 7,850 7,850
Adj. Close* 5,400 5,375 7,000 6,800 6,750 7,325 8,000 8,250 9,225 9,175 7,850 7,850
Growth (%) -0.46% 30.23% -2.86% -0.74% 8.52% 9.22% 3.13% 11.82% -0.54% -14.44% 0.00%
Volume (mill.) 453 466 1,331 700 503 714 769 919 850 882 785 728
Value (bill.) 2,359 2,450 8,813 4,883 3,342 5,059 5,937 7,284 7,545 7,744 6,570 5,534
Frequency (th.) 135 116 271 173 127 173 168 185 156 175 181 121
Days 20 22 20 22 22 21 20 22 20 20 20 20

Lowest 5,450 6,725 6,675 3,160 4,580
Close 9,900 8,800 7,850 6,175 6,750 1. BBNI 7.2% 16.3% 64.2% -7.4% 20.3%
Adj. Close* 9,900 8,800 7,850 6,175 6,750 2. BMRI 10.7% 17.8% 45.2% 3.8% 36.5%
Growth (%) -11.11% -10.80% -21.34% 9.31% 3. ARTO -35.5% -33.9% -41.1% 49460.6% 52867.9%
4. BBHI -37.0% -10.8% 132.0% 10438.6% 6610.8%
Shares Traded 2017 2018 2019 2020 2021 5. BRIS 5.8% -8.1% -37.8% 223.8% n.a.
Volume 5,999 6,323 6,052 14,289 8,208
Value 41,711 51,701 50,586 70,907 49,093 Note:
Index Membership

1. BISNIS-27 11. IDXG30 21.
2. COMPOSITE 12. IDXHIDIV20 22.
6. IDX30 16. LQ45 26.
7. IDX80 17. MBX 27.
8. IDXBUMN20 18. MNC36 28.
9. IDXESGL 19. SMinfra18 29.


Date: 29 Jul 2022 v2.0.0

Cash on Hand 14,043,846 15,361,703 17,324,047 13,683,598 10,992,055
Placements (BI & Banks) 1,677,584 821,757 694,833 694,323 694,735 Asset Liabilities
1,200
- - - - - -
Loans 497,886,888 539,862,076 541,978,801 532,141,344 568,995,477
1,000
Fixed Asset 26,126,508 26,524,759 27,362,400 26,882,982 26,745,201 800
Total Assets 808,572,011 845,605,208 891,337,425 964,837,692 946,495,285
Deposits 566,046,697 594,124,901 656,594,775 743,545,620 710,273,578 600
Fund Borrowings 52,024,506 57,235,500 44,114,314 32,457,936 35,626,337

Bonds 2,987,464 2,985,052 2,985,011 2,986,530 7,948,795 400
- - - - - -
200
- - - - - -
- - - - - - -
- - - - - - 2018 2019 2020 2021 2022
- - - - - -
Common Stocks 9,054,807 9,054,807 9,054,807 9,054,807 9,054,807
- - - - - - 126,520
Total equity 110,373,789 125,003,948 112,872,199 126,519,977 130,490,841
Interest Income 50,571,284 54,495,996 56,172,871 50,025,887 25,530,818 112,872
Interest Expenses -17,684,456 -20,939,501 -19,020,905 -11,779,156 -5,921,255 110,374

EBT 19,820,715 19,369,106 5,112,153 12,550,987 10,818,633
Tax -4,728,952 -3,860,523 -1,790,711 -1,573,936 -1,946,500
- - - - - -
2018 2019 2020 2021 2022
54,496
Cash Flow Statements Dec 2018 Dec 2019 Dec 2020 Dec 2021 Jun 2022 50,571 50,026
Net Cash - Operating -4,274,095 -12,611,042 74,253,924 97,479,025 4,236,258

Net Cash - Investing -9,611,702 13,483,654 -11,992,116 -15,656,307 -11,597,035
Net Cash - Financing 20,609,112 -18,491,108 -17,139,169 1,718,701 3,750,043
Net Increase/Decrease in C&CE 6,723,315 -17,618,496 45,122,639 83,541,419 -3,610,734 25,531
C&CE, end of period 98,922,032 81,184,598 126,907,599 173,340,293 119,621,565
DAR (x) 0.83 0.81 0.84 0.87 0.86
DER (x) 6.08 5.51 6.61 6.63 6.25
EPS (IDR) 798.84 833.84 414.56 206.49 669.01 2018 2019 2020 2021 2022
PER (x) 11.02 9.41 14.90 32.69 11.73

PBV (x) 1.66 1.30 1.28 0.90 0.96
ROA (%) 1.87 1.83 0.37 1.14 0.94
ROE (%) 13.67 12.41 2.94 8.68 6.80 15,092 15,509
GPM (%) -34.97 -38.42 -33.86 -23.55 -23.19

OPM (%) n.a. n.a. n.a. n.a. n.a. 10,977
NPM (%) 29.84 28.46 5.91 21.94 34.75
8,872
DPS (IDR) 255.56 201.29 206.24 88.05 146.30
DPR (%) 31.99 24.14 49.75 42.64 21.87
Dividend Yield (%) 2.58 2.29 2.63 1.43 2.17
3,321
2018 2019 2020 2021 2022

BBRI
Bank Rakyat Indonesia (Persero) Tbk.

BBRI Bank Rakyat Indonesia (Persero) Tbk.

Date: 29 Jul 2022 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 PT Bahana
Sunarso and Kartika Wirjoatmodjo. The largest shareholder of the company is 16 Dec 1895 10 Nov 2003 875 Securities
Republic of Indonesia (53.19%). The company has 9 subsidiaries. One of the
biggest subsidiaries is PT Pegadaian. Stock Overview
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=BBRI

Domestic 160,551.6 97,699.3
45% 42%
55% 58% Individual 0.53% 0.26%
Year 2021 YTD 2022
Total 359,316.9 230,333.9
Fundamental & ESG
YTD 2022
15.23x 2.31x 20.94 Medium
D 21,679.3 23,554.5 45,233.8
13,034.6 7,231.7
Buy

D 39,173.1 34,585.5 73,758.5 "Foreign Buy-Domestic Sell" minus "Foreign Sell- BBRI Sector PER Market PER
Domestic Buy".
19.43x 13.92x

2022 F - Rp174.23 11-Mar-22 14-Mar-22 01-Apr-22 2021 RI 08-Sep-21 3,910 1000000000:230128553 3,810 0.976
2021 F - Rp98.91 06-Apr-21 07-Apr-21 28-Apr-21 2017 SS 10-Nov-17 16,450 5:1 3,290 0.200
2021 F - Rp98.91 06-Apr-21 07-Apr-21 28-Apr-21 2011 SS 11-Jan-11 9,300 2:1 4,650 0.500
2020 F - Rp168.20 27-Feb-20 28-Feb-20 18-Mar-20 - - - - - - -
2019 F - Rp132.17 24-May-19 27-May-19 13-Jun-19 - - - - - - -
Industry Peers


Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 BBRI*
19.49%
IHSG
14.02%
LQ45
17.89%
Sector**
Highest 4,070 3,930 4,410 4,290 4,230 4,210 4,550 4,730 4,940 4,630 4,520 4,360
Lowest 3,740 3,570 3,900 4,090 4,050 4,070 4,070 4,400 4,540 4,250 4,150 4,040
Close 3,930 3,850 4,250 4,090 4,110 4,070 4,550 4,660 4,870 4,630 4,150 4,360
Adj. Close* 3,930 3,946 4,356 4,192 4,213 4,172 4,664 4,777 4,992 4,746 4,254 4,469
Growth (%) 0.41% 10.39% -3.76% 0.49% -0.97% 11.79% 2.42% 4.51% -4.93% -10.37% 5.06%
Volume (mill.) 2,565 6,590 5,257 3,588 2,871 2,509 3,535 5,539 3,663 3,888 3,586 3,199
Value (bill.) 9,984 24,465 22,052 15,108 11,904 10,412 15,514 25,551 17,296 17,362 15,683 13,349
Frequency (th.) 399 623 543 380 316 309 380 492 377 474 449 318
Days 20 22 20 22 22 21 20 20 23 20 20 20

Lowest 3,210 2,720 3,610 2,170 3,570
Close 3,640 3,660 4,400 4,170 4,110 1. BBRI 7.1% 6.1% 20.5% -0.2% 56.3%
Adj. Close* 710 3,571 4,293 4,068 4,010 2. BBCA -3.6% 0.7% 23.1% 18.7% 101.4%
Growth (%) 402.75% 20.22% -5.23% -1.44% 3. BMRI 10.7% 17.8% 45.2% 3.8% 36.5%
4. ARTO -35.5% -33.9% -41.1% 49460.6% 52867.9%
Volume 8,404 35,723 31,731 54,731 43,188
Value 78,363 118,184 130,015 183,510 179,658 Note:
Index Membership

1. BISNIS-27 11. IDXG30 21.
2. COMPOSITE 12. IDXHIDIV20 22.
6. IDX30 16. LQ45 26.
7. IDX80 17. MBX 27.
8. IDXBUMN20 18. MNC36 28.
9. IDXESGL 19. SMinfra18 29.


Date: 29 Jul 2022 v2.0.0

Cash on Hand 27,421,625 30,219,214 32,161,564 26,299,973 20,512,246
Current accounts (BI & Banks) - 81,654,186 60,667,277 70,485,493 77,116,002 Total Asset & Liabilities (Bill. Rp)
Placements (BI & Banks) 87,018,051 2,069,213 1,502,100 2,564,688 2,301,620 Asset Liabilities
1,800
- - - - - -
Loans 804,673,435 852,661,815 857,280,074 909,582,789 958,858,363 1,600
Marketable Securities 193,680,605 195,840,172 327,266,714 371,737,528 319,196,204 1,400

Fixed Asset 26,914,859 31,432,629 32,185,160 47,970,187 49,296,492 1,200
Total Assets 1,296,898,292 1,416,758,840 1,511,804,628 1,678,097,734 1,652,838,717
1,000
Deposits 846,200,528 1,014,347,654 1,111,341,169 1,152,072,649 1,142,755,863
800
Fund Borrowings 34,878,883 30,921,771 35,968,985 68,458,547 65,532,705
Bonds - 38,622,326 34,489,091 55,306,697 56,832,189 600
- - - - - - 400
- - - - - - 200
- - - - - - -
- - - - - - 2018 2019 2020 2021 2022
- - - - - -
Total Liabilities 986,548,641 1,183,155,672 1,278,346,276 1,386,310,930 1,366,573,452
Common Stocks 6,167,291 6,167,291 6,167,291 7,577,950 7,577,950
291,787 286,265
Par Value 100 50 50 50 50
Total equity 166,679,645 208,784,334 199,911,376 291,786,804 286,265,265 208,784
199,911
Income Statements Dec 2018 Dec 2019 Dec 2020 Dec 2021 Jun 2022 166,680
Interest Income 53,643,800 121,756,276 116,932,512 143,523,329 76,860,963

Interest Expenses 15,399,302 -40,048,971 -37,722,595 -29,428,900 -12,247,440
EBT 18,483,570 43,364,053 26,724,846 38,591,374 31,224,279
Tax 3,549,434 -8,950,228 -8,064,453 -7,835,608 -6,348,008
- - - - - -
2018 2019 2020 2021 2022
143,523
121,756
Net Cash - Operating -11,105,718 44,583,079 66,689,187 32,588,374 -15,878,979 116,933
Net Cash - Investing -8,911,119 -5,188,442 -116,007,831 -73,095,605 40,068,537
Net Cash - Financing -12,676,533 -18,085,105 -19,981,772 22,643,854 -28,567,299
76,861
Net Increase/Decrease in C&CE -32,693,370 21,309,532 -69,300,416 -17,863,377 -4,377,741
C&CE, end of period 153,717,063 236,906,429 167,253,135 153,924,601 149,593,010 53,644
DAR (x) 0.76 0.84 0.85 0.83 0.83
DER (x) 5.92 5.67 6.39 4.75 4.77
EPS (IDR) 259.07 272.93 192.21 138.22 240.22 2018 2019 2020 2021 2022
PER (x) 14.13 16.12 21.70 29.73 17.28

PBV (x) 2.67 2.14 2.69 2.14 2.15
ROA (%) 1.15 2.43 1.23 1.83 1.51
ROE (%) 8.96 16.48 9.33 10.54 8.69 34,414
30,756
GPM (%) 28.71 -32.89 -32.26 -20.50 -15.93
OPM (%) n.a. n.a. n.a. n.a. n.a. 24,876
NPM (%) 27.84 28.26 15.96 21.43 32.37
DPS (IDR) 106.75 132.17 168.20 197.81 174.23 18,660
DPR (%) 41.20 48.43 87.51 143.11 72.53 14,934
Dividend Yield (%) 2.93 3.61 3.82 4.74 4.24
2018 2019 2020 2021 2022

BBTN
Bank Tabungan Negara (Persero) Tbk.

BBTN Bank Tabungan Negara (Persero) Tbk.

Date: 29 Jul 2022 v2.0.0

PT Bank Tabungan Negara (Persero) Tbk. has a main business field of Banking Established Listing Date IPO Price (IDR) IPO Lead Underwriter
business. The company's President Director and President Commisioner are PT Mandiri Sekuritas
Haru Koesmahargyo and Chandra M. Hamzah. The largest shareholder of the 30 Nov 1934 17 Dec 2009 800
company is Republic of Indonesia (60.00%).
Stock Overview
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=BBTN

Domestic 29,576.5 10,538.1
79% 85% Others 0.26% 0.02% Sector Industry
Year 2021 YTD 2022
Total 37,170.6 12,464.7
Fundamental & ESG
YTD 2022
6.16x 0.72x 30.26 High
D 4,451.4 732.4 5,183.8
188.4 170.4
F 902.9 145.6 1,048.5 *Total trading value by Foreign is the sum of
Total 5,354.3 878.1 6,232.3 foreign buy and foreign sell divided by 2. Total 0x 5x 10x 15x 20x 25x 30x 35x 40x 45x 50x 55x
Buy

D 11,769.5 2,924.6 14,694.1 "Foreign Buy-Domestic Sell" minus "Foreign Sell- BBTN Sector PER Market PER
Domestic Buy".
F 3,113.0 778.2 3,891.2 A positive net foreign indicates a net buy by
19.43x 13.92x

2022 F - Rp22.44 14-Mar-22 15-Mar-22 31-Mar-22 2012 RI 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 - - - - - - -
2017 F - Rp49.46 27-Mar-17 30-Mar-17 13-Mar-17 - - - - - - -
Industry Peers
1. BBTN Bank Tabungan Negara 15,411.63 06/30/22 381,741,249 20,985,487 338,122,195 12,341,206 1,470,926
2. BTPN Bank BTPN Tbk. 20,245.80 06/30/22 195,466,901 37,784,126 148,066,965 7,836,846 1,932,053
3. AGRO Bank Raya Indonesia Tbk. 19,029.63 03/31/22 13,193,287 2,464,802 10,728,484 293,130 47,711
4. NISP Bank OCBC NISP Tbk. 14,538.10 06/30/22 223,440,525 32,786,486 190,654,039 6,363,360 1,649,350
5. BJBR Bank Pembangunan Daerah 13,957.75 06/30/22 172,372,991 13,602,423 151,067,884 6,959,901 1,197,843
1. BBTN Bank Tabungan Negara (Persero) 6.16 0.72 0.39 0.44 0.05 0.06
2. BTPN Bank BTPN Tbk. 7.58 0.54 0.99 1.30 0.19 0.26
3. AGRO Bank Raya Indonesia Tbk. -6.37 7.80 0.36 0.44 0.19 0.23
4. NISP Bank OCBC NISP Tbk. 5.45 0.45 0.74 0.87 0.15 0.17
5. BJBR Bank Pembangunan Daerah Jawa 6.02 1.04 0.69 0.79 0.08 0.09


Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 BBTN*
14.40%
IHSG
14.02%
LQ45
17.89%
Sector**
Highest 1,430 1,460 1,840 1,860 1,765 1,800 1,815 1,755 1,865 1,720 1,685 1,470
Lowest 1,285 1,345 1,485 1,710 1,685 1,555 1,660 1,655 1,610 1,630 1,455 1,390
Close 1,405 1,420 1,780 1,710 1,730 1,690 1,775 1,715 1,845 1,700 1,455 1,470
Adj. Close* 1,405 1,420 1,780 1,710 1,730 1,690 1,775 1,715 1,845 1,700 1,455 1,470
Growth (%) 1.07% 25.35% -3.93% 1.17% -2.31% 5.03% -3.38% 7.58% -7.86% -14.41% 1.03%
Volume (mill.) 800 528 1,341 834 358 516 594 504 809 518 482 275
Value (bill.) 1,111 742 2,232 1,486 621 869 1,051 866 1,423 870 750 404
Frequency (th.) 105 77 170 118 58 69 85 87 108 61 82 48
Days 20 22 20 22 22 21 18 17 19 18 18 18

Lowest 1,700 2,050 1,795 745 1,230
Close 3,570 2,540 2,120 1,725 1,730 1. BBTN -13.0% -15.0% 11.8% -40.2% -36.4%
Adj. Close* 3,570 2,540 2,120 1,725 1,730 2. BTPN -2.3% -4.2% -11.3% -24.2% -0.4%
Growth (%) -28.85% -16.54% -18.63% 0.29% 3. AGRO -33.7% -53.3% -65.5% 208.4% 28.9%
4. NISP 0.0% -4.5% -11.7% -26.9% -28.9%
Shares Traded 2017 2018 2019 2020 2021 5. BJBR 1.8% 0.7% 9.7% -15.5% -32.8%
Volume 5,770 7,437 6,432 17,352 11,025
Value 15,446 20,436 15,047 22,078 18,585 Note:
Frequency 635 920 884 1,587 1,513 Base date: 6M = Jan 31, 2022; YTD = Dec 30, 2021; 1Y = Jul 30, 2021; 3Y = Jul 31, 2019; 5Y = May 15, 2017;
Index Membership

1. COMPOSITE 11. Investor33 21.
2. ESGQKEHATI 12. KOMPAS100 22.
3. ESGSKEHATI 13. LQ45 23.
4. IDX80 14. MBX 24.
5. IDXBUMN20 15. SRI-KEHATI 25.
7. IDXSMC-COM 17. 27.
8. IDXSMC-LIQ 18. 28.
9. IDXV30 19. 29.
10. INFOBANK15 20. 30.


Date: 29 Jul 2022 v2.0.0

Cash on Hand 1,243,615 1,369,167 1,429,426 1,539,577 1,356,382
Placements (BI & Banks) 3,644 101,078 337 337 337 Asset Liabilities
450
- - - - - -
Loans 230,320,201 246,202,402 242,744,721 256,405,288 267,126,401 400
Marketable Securities 5,848,485 8,084,671 3,203,966 2,230,905 1,738,246 350

Fixed Asset 5,017,694 5,400,658 5,818,445 5,736,791 5,736,421 300
Total Assets 306,436,194 311,776,828 361,208,406 371,868,311 381,741,249
250
Deposits 214,027,067 211,414,930 259,179,694 273,255,063 286,001,187
200
Fund Borrowings 15,499,493 22,465,657 23,807,138 22,062,291 22,398,616
Bonds 17,036,480 19,783,552 15,810,466 12,371,708 10,279,411 150
- - - - - - 100
- - - - - - 50
- - - - - - -
- - - - - - 2018 2019 2020 2021 2022
- - - - - -
Common Stocks 5,295,000 5,295,000 5,295,000 5,295,000 5,295,000
23,840 23,836
Par Value 500 500 500 500 500
Total equity 23,840,448 23,836,195 19,987,845 21,406,647 20,985,487
20,985
Interest Income 20,781,512 23,271,432 22,947,252 23,413,857 11,469,028
Interest Expenses -11,768,815 -15,340,643 -14,856,420 -11,880,488 -4,666,823 19,988
Profit from Operation 3,593,800 521,773 2,330,285 3,036,832 1,925,566

EBT 3,610,275 411,062 2,270,857 2,993,320 1,917,475
Tax -802,352 -201,799 -668,499 -617,093 -446,549
- - - - - -
2018 2019 2020 2021 2022
Profit for the period 2,807,923 209,263 1,602,358 2,376,227 1,470,926
Profit/Loss Period Attributable 2,807,923 209,263 1,602,358 2,376,227 1,470,926
Comprehensive Income 2,782,507 557,332 2,352,711 1,418,802 -183,536 Total Revenue (Bill. Rp)
Comprehensive Attributable 2,782,507 557,332 2,352,711 1,418,802 -183,536 23,414
23,271 22,947
Net Cash - Operating -2,410,430 -14,828,361 26,532,815 9,551,932 -8,801,235

Net Cash - Investing 1,689,493 -7,077,106 -23,726,876 3,834,455 -702,104
Net Cash - Financing 6,598,304 8,440,369 581,708 -6,794,035 -2,093,768
C&CE, end of period 44,715,006 31,249,908 34,637,555 41,229,907 29,632,800
DAR (x) 0.86 0.86 0.89 0.88 0.89
DER (x) 11.06 11.30 16.08 15.31 16.11
EPS (IDR) 228.33 209.02 49.82 165.71 238.49 2018 2019 2020 2021 2022
PER (x) 11.12 10.14 34.62 10.44 6.10

PBV (x) 1.57 1.12 1.11 0.84 0.86
ROA (%) 0.92 0.07 0.44 0.64 0.39 2,808
ROE (%) 11.78 0.88 8.02 11.10 7.01
2,376
GPM (%) -56.63 -65.92 -64.74 -50.74 -40.69
NPM (%) 13.51 0.90 6.98 10.15 12.83 1,602
1,471
DPS (IDR) 57.18 53.03 1.98 0.00 22.44
DPR (%) 25.04 25.37 3.97 0.00 9.41
Dividend Yield (%) 1.60 2.09 0.09 0.00 1.30
2018 2019 2020 2021 2022

BFIN
BFI Finance Indonesia Tbk.

BFIN BFI Finance Indonesia Tbk.

Date: 29 Jul 2022 v2.0.0

PT BFI Finance Indonesia Tbk. has a main business field of Financing. The Established Listing Date IPO Price (IDR) IPO Lead Underwriter
company's President Director and President Commisioner are Francis Lay Sioe PT Aseam Indonesia
Ho and Kusmayanto Kadiman. The largest shareholder of the company is 07 Apr 1982 16 May 1990 5,750
TRINUGRAHA CAPITAL & CO SCA (48.15%). The percentage of public
shareholding (<5%) is 45.57%. Stock Overview
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=BFIN

Domestic 26,608.4 9,219.9
Foreign 7,229.2 2,299.7 G Financials G21 Consumer Financing
Others 15.57% 27.09% G2 Financing Service G211 Consumer Financing
Year 2021 YTD 2022
Total 33,837.6 11,519.5
Fundamental & ESG
YTD 2022
12.79x 2.32x 27.75 Medium
D 3,712.1 790.1 4,502.2
-1,382.4 215.5
F 1,005.6 252.0 1,257.6 *Total trading value by Foreign is the sum of
Buy

D 10,571.3 3,424.2 13,995.4 "Foreign Buy-Domestic Sell" minus "Foreign Sell- BFIN Sector PER Market PER
Domestic Buy".
19.43x 13.92x

2022 F - Rp10.00 08-Jul-22 11-Jul-22 28-Jul-22 2017 SS 05-Jun-17 5,000 10:1 500 0.100
2021 I - Rp7.00 17-Dec-21 20-Dec-21 23-Dec-21 2012 SS 07-Aug-12 4,525 2:1 2,250 0.500
2021 I - Rp7.00 17-Dec-21 20-Dec-21 23-Dec-21 1997 SS 03-Nov-97 900 2:1 450 0.500
2021 F - Rp18.00 07-Jun-21 08-Jun-21 25-Jun-21 1997 RI 24-Jan-97 3,000 1:2 1,670 0.556
2021 F - Rp18.00 07-Jun-21 08-Jun-21 25-Jun-21 - - - - - - -
Industry Peers
1. BFIN BFI Finance Indonesia Tbk. 18,841.20 06/30/22 18,140,570 8,111,544 10,029,026 2,006,130 828,921
2. ADMF Adira Dinamika Multi Finance 8,175.00 06/30/22 23,809,396 8,976,262 14,833,134 3,355,947 661,172
3. MFIN Mandala Multifinance Tbk. 4,028.00 06/30/22 6,001,176 2,884,351 3,116,825 1,029,535 314,852
4. IMJS Indomobil Multi Jasa Tbk. 2,873.24 06/30/22 25,150,143 3,955,999 21,194,143 2,405,927 105,327
5. TIFA KDB Tifa Finance Tbk. 1,971.48 06/30/22 1,437,337 1,061,999 375,338 67,290 28,938
1. BFIN BFI Finance Indonesia Tbk. 12.79 2.32 4.57 8.27 0.45 0.81
2. ADMF Adira Dinamika Multi Finance Tbk. 5.84 0.91 2.78 4.46 0.38 0.61
3. MFIN Mandala Multifinance Tbk. 6.59 1.40 5.25 10.10 0.48 0.93
4. IMJS Indomobil Multi Jasa Tbk. 34.20 0.73 0.42 0.50 0.16 0.19
5. TIFA KDB Tifa Finance Tbk. 49.37 1.86 2.01 7.71 0.74 2.83


Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 BFIN*
25.53%
IHSG
14.02%
LQ45
17.89%
Sector**
Highest 1,185 1,120 1,050 1,080 1,180 1,400 1,365 1,410 1,345 1,260 1,230 1,180
Lowest 940 1,005 955 975 955 1,135 1,230 1,235 1,245 1,070 980 990
Close 1,120 1,005 1,050 975 1,175 1,305 1,285 1,280 1,285 1,140 1,095 1,180
Adj. Close* 1,120 1,005 1,050 975 1,175 1,305 1,285 1,280 1,285 1,140 1,095 1,180
Growth (%) -10.27% 4.48% -7.14% 20.51% 11.06% -1.53% -0.39% 0.39% -11.28% -3.95% 7.76%
Volume (mill.) 2,438 1,578 972 1,075 1,068 1,292 444 707 729 487 552 438
Value (bill.) 2,565 1,681 957 1,092 1,121 1,653 570 929 954 552 609 493
Frequency (th.) 240 166 128 145 78 118 50 84 62 47 50 51
Days 20 22 20 22 22 21 17 17 20 19 16 18
Price (IDR) 2017 2018 2019 2020 2021 Industry: Consumer Financing
Highest 5,100 855 700 605 1,185 No. Code 6M YTD 1Y 3Y 5Y
Lowest 675 505 500 240 585
Close 680 665 560 560 1,175 1. BFIN -9.6% 0.4% 26.2% 98.3% 156.0%
Adj. Close* 68 665 560 560 1,175 2. ADMF 7.6% 6.2% 6.2% -22.5% 25.8%
Growth (%) 877.94% -15.79% 0.00% 109.82% 3. MFIN 38.8% 39.4% 38.2% 32.8% 195.1%
4. IMJS -5.7% -21.0% 14.5% -35.5% 8.5%
Shares Traded 2017 2018 2019 2020 2021 5. TIFA -7.5% -9.8% 50.2% 725.3% 651.1%
Volume 1,701 1,746 807 6,457 19,376
Value 1,379 1,243 505 2,668 16,919 Note:
Index Membership

1. BISNIS-27 11. LQ45 21.
2. COMPOSITE 12. MBX 22.
3. IDX80 13. MNC36 23.
4. IDXESGL 14. PEFINDO25 24.
6. IDXG30 16. 26.
7. IDXQ30 17. 27.
10. KOMPAS100 20. 30.


Date: 29 Jul 2022 v2.0.0

Cash & Cash Equivalents 755,247 660,032 1,414,691 969,182 1,114,180
Consumer financing receivables 5,922,788 7,911,739 4,467,990 3,874,985 4,691,745 Total Asset & Liabilities (Bill. Rp)
Lease Investment 11,357,670 9,480,569 8,192,119 9,651,950 10,998,165 Asset Liabilities
25
- - - - - -
Fixed Asset 530,145 541,056 606,304 606,641 609,826
- - - - - - 20
- - - - - -
Total Assets 19,117,305 19,089,633 15,200,531 15,635,739 18,140,570 15
Fund Borrowings 6,899,860 7,730,021 4,794,844 4,789,422 7,181,573

Bonds 5,196,220 3,758,283 2,978,631 2,487,483 1,790,029 10
- - - - - -
- - - - - - 5
- - - - - -
- - - - - - -
- - - - - - 2018 2019 2020 2021 2022
- - - - - -
Common Stocks 399,178 399,178 399,178 399,178 399,178
8,112
7,430
Par Value 25 250 25 25 25
6,606
Total equity 6,203,796 6,080,180 6,606,154 7,430,226 8,111,544
Revenues 4,234,825 4,413,461 3,963,629 3,368,932 2,006,130
- - - - - -
EBT 1,840,099 1,092,253 869,996 1,410,958 1,028,342
Tax -372,305 -380,571 -168,404 -279,620 -199,421
- - - - - -
- - - - - -
2018 2019 2020 2021 2022
Profit for the period 1,467,794 711,682 701,592 1,131,338 828,921
Profit/Loss Period Attributable 1,467,794 711,685 701,595 1,131,293 828,932
Comprehensive Income 1,538,957 609,633 827,932 1,197,691 830,962 Total Revenue (Bill. Rp)
Comprehensive Attributable 1,538,957 609,636 827,935 1,197,646 830,975
4,413
3,964
Net Cash - Operating -366,661 1,197,632 4,744,950 542,471 -1,398,538
3,369
Net Cash - Investing -158,350 -88,683 -84,297 -108,156 -90,531
Net Cash - Financing 1,055,055 -1,204,164 -3,905,994 -879,824 1,634,067
Net Increase/Decrease in C&CE 530,044 -95,215 754,659 -445,509 144,998
2,006
C&CE, end of period 755,247 660,032 1,414,691 969,182 1,114,180
DAR (x) 0.68 0.68 0.57 0.52 0.55
DER (x) 2.08 2.14 1.30 1.10 1.24
EPS (IDR) 90.13 91.71 8.90 61.19 81.28 2018 2019 2020 2021 2022
PER (x) 7.38 6.11 62.91 19.20 13.47

PBV (x) 1.75 1.75 1.35 1.20 2.31
ROA (%) 7.68 3.73 4.62 7.24 4.57 1,468
ROE (%) 23.66 11.70 10.62 15.23 10.22
GPM (%) n.a. n.a. n.a. n.a. n.a.
1,131
NPM (%) 34.66 16.13 17.70 33.58 41.32 829
DPS (IDR) 16.00 49.00 12.00 50.00 10.00 712 702
DPR (%) 17.75 53.43 134.80 81.71 12.30
Dividend Yield (%) 2.35 7.37 2.14 8.93 0.85
2018 2019 2020 2021 2022

BMRI
Bank Mandiri (Persero) Tbk.

BMRI Bank Mandiri (Persero) Tbk.

Date: 29 Jul 2022 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 PT Danareksa
Darmawan Junaidi and Muhamad Chatib Basri. The largest shareholder of the 02 Oct 1998 14 Jul 2003 675 Sekuritas
company is Republic of Indonesia (52.00%). The company has 10 subsidiaries.
One of the biggest subsidiaries is PT Bank Syariah Mandiri (BSM). Stock Overview
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=BMRI

Domestic 68,218.9 62,151.5
40% 38%
60% 62%
Year 2021 YTD 2022
Total 170,165.8 162,653.9
Fundamental & ESG
YTD 2022
12.01x 1.81x 29.28 Medium
D 13,084.4 16,226.4 29,310.8
5,392.7 3,529.8
Buy

D 14,922.1 16,491.0 31,413.1 "Foreign Buy-Domestic Sell" minus "Foreign Sell- BMRI Sector PER Market PER
Domestic Buy".
19.43x 13.92x

2022 SD - Rp1.00 21-Mar-22 22-Mar-22 06-Apr-22 2017 SS 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 RI 07-Feb-11 6,000 8985:1000 5,900 0.983
2021 F - Rp220.27 24-Mar-21 25-Mar-21 12-Apr-21 - - - - - - -
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: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 BMRI*
45.81%
IHSG
14.02%
LQ45
17.89%
Sector**
Highest 6,100 6,350 7,200 7,350 7,350 7,650 7,900 7,950 8,950 8,500 8,425 8,275
Lowest 5,675 5,900 6,100 6,875 7,000 7,025 7,475 7,550 7,575 7,800 7,925 7,175
Close 6,100 6,150 7,175 7,000 7,025 7,475 7,700 7,900 8,950 8,500 7,925 8,275
Adj. Close* 6,100 6,150 7,175 7,000 7,025 7,475 7,700 7,900 8,950 8,500 7,925 8,275
Growth (%) 0.82% 16.67% -2.44% 0.36% 6.41% 3.01% 2.60% 13.29% -5.03% -6.76% 4.42%
Volume (mill.) 959 906 1,507 1,137 681 861 1,028 2,023 1,731 1,778 1,528 1,416
Value (bill.) 5,673 5,533 10,443 8,114 4,866 6,239 7,934 15,746 13,904 14,335 12,402 10,767
Frequency (th.) 142 139 184 149 112 134 141 214 167 200 195 144
Days 20 22 20 22 22 21 19 20 23 20 20 20

Lowest 7,100 6,200 6,350 3,720 5,650
Close 8,000 7,375 7,675 6,325 7,025 1. BMRI 10.7% 17.8% 45.2% 3.8% 36.5%
Adj. Close* 4,000 7,375 7,675 6,325 7,025 2. BBCA -3.6% 0.7% 23.1% 18.7% 101.4%
Growth (%) 84.38% 4.07% -17.59% 11.07% 3. BBRI 7.1% 6.1% 20.5% -0.2% 56.3%
4. ARTO -35.5% -33.9% -41.1% 49460.6% 52867.9%
Volume 7,385 12,054 13,287 17,919 13,128
Value 70,529 87,393 98,013 101,337 85,083 Note:
Index Membership
No. Index Code No. Index Code No. Index Code

1. BISNIS-27 11. IDXHIDIV20 21. SRI-KEHATI
2. COMPOSITE 12. IDXQ30 22.
3. ESGQKEHATI 13. IDXV30 23.
4. ESGSKEHATI 14. INFOBANK15 24.
5. I-GRADE 15. Investor33 25.
6. IDX30 16. KOMPAS100 26.
7. IDX80 17. LQ45 27.
8. IDXBUMN20 18. MBX 28.
9. IDXESGL 19. MNC36 29.
10. IDXFINANCE 20. SMinfra18 30.


Date: 29 Jul 2022 v2.0.0

Cash on Hand 27,348,914 28,094,267 24,682,671 23,948,485 22,505,848
Placements (BI & Banks) 1,162,378 1,499,924 3,132,589 2,381,154 3,419,133 Asset Liabilities
2,000
Consumer Fin. Receivables 16,826,865 18,211,088 18,649,899 18,633,307 20,315,575
1,800
Loans 767,761,095 855,846,844 807,874,363 957,636,147 1,043,105,377
Marketable Securities 63,835,900 71,263,368 79,900,770 98,103,670 89,500,415 1,600
Fixed Asset 38,442,696 44,612,199 46,728,153 49,144,792 49,622,174 1,400
Total Assets 1,202,252,094 1,318,246,335 1,429,334,484 1,725,611,128 1,785,706,841 1,200
Deposits 782,502,708 863,506,211 970,263,458 1,128,079,105 1,157,140,113 1,000
Fund Borrowings 51,653,982 54,128,562 52,810,689 51,398,940 53,717,193 800

Bonds 18,647,805 31,804,853 37,671,386 43,698,839 43,919,520 600
Sukuk 375,000 375,000 375,000 1,375,000 1,375,000 400
- - - - - - 200
- - - - - - -
- - - - - - 2018 2019 2020 2021 2022
- - - - - -
Total Liabilities 941,953,100 1,025,749,580 1,151,267,847 1,326,592,237 1,380,959,491
Common Stocks 11,666,667 11,666,667 11,666,667 11,666,667 11,666,667
Paid up Capital (Shares) 46,667 46,667 46,667 46,667 46,667 222,111 220,820
209,035
Par Value 250 250 250 250 250 193,796
184,960
Total equity 184,960,305 209,034,525 193,796,083 222,111,282 220,819,546
Interest Income 80,992,570 91,525,090 87,321,117 97,749,086 52,934,276
Interest Expenses -26,369,938 -32,084,902 -30,812,988 -24,686,592 -11,101,545
EBT 33,943,369 36,441,440 23,298,041 38,358,421 27,757,625
Tax -8,091,432 -7,985,848 -5,652,417 -7,807,324 -5,713,317
- - - - - -
2018 2019 2020 2021 2022
91,525
Net Cash - Operating -19,809,152 11,637,669 99,467,685 133,967,177 15,658,822 87,321
80,993
Net Cash - Financing 4,997,720 5,458,205 -13,875,211 -7,510,143 -17,243,693
Net Increase/Decrease in C&CE -35,852,621 843,986 52,279,103 -6,020,018 -41,935,571 52,934
C&CE, end of period 124,677,686 123,792,750 177,364,584 193,631,712 153,942,742
DAR (x) 0.78 0.78 0.81 0.77 0.77
DER (x) 5.09 4.91 5.94 5.97 6.25
EPS (IDR) 507.05 582.28 455.57 407.31 688.74 2018 2019 2020 2021 2022
PER (x) 14.54 13.18 13.88 16.96 11.51

PBV (x) 2.00 1.63 1.83 1.32 1.47
ROA (%) 2.15 2.16 1.23 1.77 1.23
30,551
ROE (%) 13.98 13.61 9.11 13.75 9.98 28,456
GPM (%) -32.56 -35.06 -35.29 -25.26 -20.97 25,852
OPM (%) n.a. n.a. n.a. n.a. n.a. 22,044
NPM (%) 31.92 31.09 20.21 31.25 41.64
17,646
DPS (IDR) 199.03 241.22 353.34 440.54 1.00
DPR (%) 39.25 41.43 77.56 108.16 0.15
Dividend Yield (%) 2.49 3.27 4.60 6.97 0.01
2018 2019 2020 2021 2022

BRIS
Bank Syariah Indonesia Tbk.

BRIS Bank Syariah Indonesia Tbk.

Date: 29 Jul 2022 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 PT Bahana Sekuritas
and Adiwarman Azwar Karim. The largest shareholder of the company is PT 03 Apr 1969 09 May 2018 510
Bank Mandiri (Persero) Tbk (50.83%). The percentage of public shareholding
(<5%) is 7.07%. Stock Overview
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=BRIS

Domestic 91,238.8 7,061.8
Foreign 8,934.0 793.8 G Financials G11 Banks
Year 2021 YTD 2022
Total 100,172.8 7,855.6
Fundamental & ESG
YTD 2022
20.54x 2.59x
D 3,166.3 288.3 3,454.6
110.6 152.6
F 440.9 32.3 473.2 *Total trading value by Foreign is the sum of
Buy

D 41,672.0 3,892.1 45,564.1 "Foreign Buy-Domestic Sell" minus "Foreign Sell- BRIS Sector PER Market PER
Domestic Buy".
19.43x 13.92x

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
1. BRIS Bank Syariah Indonesia Tbk. 66,573.81 06/30/22 277,342,955 26,505,811 65,428,280 7,513,336 2,131,289
4. MEGA Bank Mega Tbk. 62,476.39 06/30/22 123,548,743 17,221,743 106,327,000 4,913,810 1,493,336
5. BNLI Bank Permata Tbk 42,804.36 06/30/22 229,793,439 37,193,899 192,599,540 6,690,930 1,429,191
1. BRIS Bank Syariah Indonesia Tbk. 20.54 2.59 0.77 3.26 0.10 0.41
4. MEGA Bank Mega Tbk. 16.02 3.66 1.21 1.40 0.14 0.16
5. BNLI Bank Permata Tbk 29.06 1.16 0.62 0.74 0.16 0.19


Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 BRIS*
-37.12%
IHSG
14.02%
LQ45
17.89%
Sector**
Highest 2,700 2,180 2,250 2,090 1,915 1,795 1,755 1,795 1,615 1,520 1,490 1,675
Lowest 2,060 2,040 2,040 1,955 1,765 1,495 1,545 1,605 1,505 1,410 1,340 1,205
Close 2,220 2,040 2,110 1,955 1,780 1,545 1,665 1,605 1,580 1,440 1,340 1,635
Adj. Close* 2,220 2,040 2,110 1,955 1,780 1,545 1,665 1,605 1,580 1,440 1,340 1,635
Growth (%) -8.11% 3.43% -7.35% -8.95% -13.20% 7.77% -3.60% -1.56% -8.86% -6.94% 22.01%
Volume (mill.) 1,096 651 1,030 481 407 362 458 388 247 159 160 700
Value (bill.) 2,600 1,374 2,226 991 772 585 775 663 382 232 229 1,061
Frequency (th.) 336 208 297 180 175 155 152 142 106 85 76 210
Days 20 22 20 22 22 21 18 18 16 14 18 20

Highest 0 660 585 2,410 3,770 No. Code 6M YTD 1Y 3Y 5Y
Lowest 0 520 306 135 1,725
Close - 525 330 2,250 1,780 1. BRIS 5.8% -8.1% -37.8% 223.8% n.a.
Adj. Close* - 525 330 2,250 1,780 2. BBNI 7.2% 16.3% 64.2% -7.4% 20.3%
Growth (%) - -37.14% 581.82% -20.89% 3. BBHI -37.0% -10.8% 132.0% 10438.6% 6610.8%
4. MEGA -5.1% 6.9% 15.1% 56.2% 199.1%
Shares Traded 2017 2018 2019 2020 2021 5. BNLI -17.0% -22.1% -38.2% 26.5% 99.4%
Volume - 3,919 1,715 33,817 19,414
Value - 2,253 841 32,599 50,086 Note:
Frequency - 199 206 3,262 5,095 Base date: 6M = Jan 31, 2022; YTD = Dec 30, 2021; 1Y = Jul 30, 2021; 3Y = Jul 31, 2019; 5Y = May 15, 2017;
Days - 152 245 242 247 *Adjusted price refers to the close price after adjustments for any applicable corporate actions.
Index Membership

2. I-GRADE 12. LQ45 22.
3. IDX80 13. MBX 23.
4. IDXBUMN20 14. 24.
6. IDXMESBUMN 16. 26.
7. INFOBANK15 17. 27.
8. ISSI 18. 28.
9. JII 19. 29.
10. JII70 20. 30.


Date: 29 Jul 2022 v2.0.0

Cash on Hand 231,268 262,485 1,126,358 4,119,903 4,447,213
300
- - - - - -
Loans 11,738,448 13,612,775 23,009,103 107,418,383 117,497,454
250
Fixed Asset 221,444 224,050 431,133 4,055,953 4,399,343 200
Total Assets 37,915,084 43,123,488 57,715,586 265,289,081 277,342,955
Deposits 8,689,987 8,997,585 16,281,006 57,363,828 61,609,375 150
- - - - - -
- - - - - - 100
Sukuk 1,000,000 1,000,000 1,000,000 1,375,000 1,375,000

50
- - - - - -
- - - - - - -
- - - - - - 2018 2019 2020 2021 2022
- - - - - -
Common Stocks 4,858,574 4,858,057 4,950,254 20,564,654 20,564,654
- - - - - - 26,506
25,014
- - - - - -
Retained earnings 159,608 222,964 471,018 10,208,992 11,583,230
Total equity 5,026,640 5,088,036 5,444,288 25,013,934 26,505,811
Revenue as mudharib 3,120,307 3,374,863 4,347,121 17,808,432 8,942,553
Third parties share on return -1,317,100 -1,320,886 -1,458,915 -4,378,807 -1,904,570
Profit from Operation 157,473 118,378 433,258 4,006,165 2,738,881 5,027 5,088 5,444
EBT 151,514 116,865 405,231 3,960,524 2,762,205
Tax -44,914 -42,849 -157,177 -932,319 -630,916
- - - - - -
2018 2019 2020 2021 2022
Profit for the period 106,600 74,016 248,054 3,028,205 2,131,289
Profit/Loss Period Attributable 106,600 74,016 248,054 3,028,205 2,131,289
Comprehensive Income 107,114 67,870 255,242 3,217,796 2,248,928 Total Revenue (Bill. Rp)
Comprehensive Attributable 107,114 67,870 255,242 3,217,796 2,248,928
17,808
Net Cash - Operating 644,983 -200,219 3,146,554 18,676,808 -6,542,704
Net Cash - Investing -1,748,912 -1,190,710 -2,842,544 -18,571,038 2,560,663
Net Cash - Financing 2,312,192 -10,660 85,419 -77,929 -844,643
Net Increase/Decrease in C&CE 1,208,263 -1,401,589 389,429 27,841 -4,826,684 8,943
C&CE, end of period 5,567,707 4,166,118 4,555,547 26,542,272 21,715,588
Ratios Dec 2018 Dec 2019 Dec 2020 Dec 2021 Jun 2022 4,347
3,120 3,375
DAR (x) 0.29 0.28 0.30 0.23 0.24
DER (x) 2.17 2.33 3.21 2.47 2.47
EPS (IDR) 12.86 1.23 21.02 62.38 79.61 2018 2019 2020 2021 2022
PER (x) 40.83 269.23 107.04 116.93 16.83

PBV (x) n.a. 0.99 0.59 3.66 2.73
ROA (%) 0.28 0.17 0.43 1.14 0.77
3,028
ROE (%) 2.12 1.45 4.56 12.11 8.04
GPM (%) -42.21 -39.14 -33.56 -24.59 -21.30
2,131
NPM (%) 3.42 2.19 5.71 17.00 23.83
DPS (IDR) 0.00 1.10 0.00 0.00 18.41
DPR (%) 0.00 89.51 0.00 0.00 23.12
Dividend Yield (%) n.a. 0.21 0.00 0.00 1.03
107 74
2018 2019 2020 2021 2022

BRPT
Barito Pacific Tbk.

BRPT Barito Pacific Tbk.

Date: 29 Jul 2022 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 PT 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 (70.85%). The Stock Overview
percentage of public shareholding (<5%) is 28.55%. The company has 17
subsidiaries. One of the biggest subsidiaries is PT Chandra Asri Petrochemical Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=BRPT

Domestic 20,742.1 8,732.1
Foreign 6,386.7 2,507.2 B Basic Materials B11 Chemicals
Others 23.41% 15.45% B1 Basic Materials B111 Basic Chemicals
Year 2021 YTD 2022
Total 27,128.9 11,239.2
Fundamental & ESG
YTD 2022
81.98x 1.35x 27.23 Medium
D 3,478.7 848.1 4,326.7
446.9 78.6
Buy

D 8,015.0 2,132.6 10,147.6 "Foreign Buy-Domestic Sell" minus "Foreign Sell- BRPT Sector PER Market PER
Domestic Buy".
11.79x 13.92x

2022 F - Rp3.12 23-May-22 24-May-22 10-Jun-22 2019 SS 06-Aug-19 3,670 5:1 735 0.200
2021 F - Rp2.72 19-May-21 20-May-21 04-Jun-21 2018 RI 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 SS 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 RI 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. 84,372.50 03/31/22 133,730,760 62,278,139 71,452,621 11,678,572 436,209
2. TPIA Chandra Asri Petrochemical 205,464.92 03/31/22 71,331,563 41,863,059 29,468,503 9,730,414 -159,607
3. ESSA Surya Esa Perkasa Tbk. 16,209.02 06/30/22 13,023,779 6,079,773 6,944,007 5,222,753 1,564,041
4. AGII Aneka Gas Industri Tbk. 7,298.65 06/30/22 8,095,242 3,612,260 4,482,982 1,266,378 53,845
5. UNIC Unggul Indah Cahaya Tbk. 4,350.81 06/30/22 4,971,778 3,949,516 1,022,261 3,337,739 435,427
1. BRPT Barito Pacific Tbk. 81.98 1.35 0.33 0.61 0.47 0.87
2. TPIA Chandra Asri Petrochemical Tbk. 263.52 4.91 -0.22 -0.54 0.59 1.42
3. ESSA Surya Esa Perkasa Tbk. 12.00 2.67 12.01 22.52 0.47 0.88
4. AGII Aneka Gas Industri Tbk. 36.63 2.01 0.67 1.20 0.45 0.81
5. UNIC Unggul Indah Cahaya Tbk. 5.15 1.18 8.76 42.59 0.79 3.86


Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 BRPT*
-13.46%
IHSG
14.02%
LQ45
17.89%
Sector**
Highest 1,130 1,025 990 1,075 925 900 1,060 905 910 850 840 940
Lowest 1,030 965 920 920 855 820 890 825 850 795 720 710
Close 1,065 965 935 920 855 890 890 905 850 835 755 900
Adj. Close* 1,065 965 935 920 855 890 890 905 850 835 755 900
Growth (%) -9.39% -3.11% -1.60% -7.07% 4.09% 0.00% 1.69% -6.08% -1.76% -9.58% 19.21%
Volume (mill.) 1,339 874 1,138 1,283 896 679 1,137 1,045 675 624 871 1,424
Value (bill.) 1,438 870 1,088 1,287 799 585 1,111 917 596 514 669 1,228
Frequency (th.) 136 89 119 121 83 64 120 104 65 59 77 109
Days 20 22 20 22 22 21 20 20 18 19 20 19
Price (IDR) 2017 2018 2019 2020 2021 Industry: Basic Chemicals
Lowest 1,500 1,600 720 456 805
Close 2,260 2,390 1,510 1,100 855 1. BRPT 1.1% 5.3% -7.2% 16.0% 190.6%
Adj. Close* 229 484 302 1,100 855 2. TPIA 7.6% 29.7% 11.4% 66.9% 94.6%
Growth (%) 111.50% -37.57% 264.24% -22.27% 3. ESSA 73.9% 95.3% 134.2% 254.5% 364.1%
4. AGII 67.0% 57.1% 33.0% 255.2% 146.6%
Shares Traded 2017 2018 2019 2020 2021 5. UNIC -9.2% -9.9% 35.1% 117.2% 141.5%
Volume 8,351 5,197 16,013 23,636 13,866
Value 17,655 11,116 27,896 25,001 13,564 Note:
Index Membership

1. BISNIS-27 11. JII70 21.
4. I-GRADE 14. MBX 24.
5. IDX30 15. MNC36 25.
6. IDX80 16. 26.
7. IDXBASIC 17. 27.
8. IDXESGL 18. 28.
9. ISSI 19. 29.
10. JII 20. 30.


Date: 29 Jul 2022 v2.0.0

Balance Sheets Dec 2018 Dec 2019 Dec 2020 Dec 2021 Mar 2022
160
Current Assets 29,708,942 25,493,315 29,009,429 50,860,866 51,252,925
Investment Properties 164,979 352,111 587,346 459,890 454,112 140
Fixed Asset 34,238,528 36,047,030 37,608,740 38,671,516 39,636,016 120

- - - - - -
100
Total Assets 102,411,904 100,159,056 108,370,958 131,867,691 133,730,760
Trade Payable 8,281,945 9,627,726 10,235,096 11,162,296 5,042,839 80
Curr. Maturities - Bank Loans 5,324,481 2,341,728 1,291,002 880,212 981,760 60

Curr. Maturities - Bonds Payable 930,833 255,626 1,485,835 1,932,322 2,037,947
40
- - - - - -
- - - - - -
Common Stocks 13,780,217 13,220,209 13,807,032 14,003,211 14,089,572
Par Value 500 100 100 100 100

Total Equity 39,293,095 38,429,729 41,623,305 60,886,893 62,278,139 41,623
39,293 38,430
Income Statements Dec 2018 Dec 2019 Dec 2020 Dec 2021 Mar 2022
Revenues 44,724,808 33,502,388 32,923,468 45,028,055 11,678,572
Gross Profit 11,712,665 8,080,444 8,228,815 11,199,039 1,887,529
Finance Costs -3,029,811 -2,580,188 -3,014,083 -2,610,442 -601,386
EBT 6,628,374 3,858,149 3,448,278 6,867,955 846,517
Tax -2,874,125 -1,942,385 -1,454,070 -2,644,231 -410,309
2018 2019 2020 2021 2022
Profit/Loss for the period 3,520,124 1,915,764 1,994,207 4,223,724 436,209
Profit/Loss Period Attributable 1,050,310 615,393 511,645 1,556,962 134,267
Comprehensive Attributable 1,059,806 591,728 357,971 1,946,834 430,868
44,725 45,028
Cash Flow Statements Dec 2018 Dec 2019 Dec 2020 Dec 2021 Mar 2022
Net Cash - Operating 7,884,047 6,404,785 6,080,172 5,242,102 -7,341,251
33,502 32,923
Net Cash - Financing -4,035,463 1,901,498 4,203,219 16,681,902 6,566,834
Net Increase/Decrease in C&CE -1,536,740 -786,080 5,516,578 10,560,244 -3,255,435
C&CE, end of period 11,641,918 10,377,897 16,013,548 26,759,983 23,669,582
Ratios Dec 2018 Dec 2019 Dec 2020 Dec 2021 Mar 2022 11,679
Current Ratio (%) 1.75 1.65 1.87 3.15 4.91

DAR (x) 0.62 0.62 0.62 0.54 0.53
DER (x) 1.61 1.61 1.60 1.17 1.15
EPS (IDR) 76.50 1.98 6.50 18.53 17.61 2018 2019 2020 2021 2022
PER (x) 31.24 762.36 169.22 48.55 51.39

BV (IDR) 2,209 432 446 649 664 Profit/Loss for the Period (Bill. Rp)
PBV (x) 1.02 5.54 3.39 1.69 1.29
ROA (%) 3.44 1.91 1.84 3.20 0.33 4,224
ROE (%) 8.96 4.99 4.79 6.94 0.70
3,520
GPM (%) 26.19 24.12 24.99 24.87 16.16
OPM (%) 21.53 17.70 18.22 19.76 10.72
NPM (%) 7.87 5.72 6.06 9.38 3.74
DPS (IDR) 38.56 0.00 0.00 5.45 3.12 1,916 1,994
DPR (%) 50.41 0.00 0.00 29.41 17.73
Dividend Yield (%) 1.71 0.00 0.00 0.50 0.37
Miscellaneous Dec 2018 Dec 2019 Dec 2020 Dec 2021 Mar 2022 436
2018 2019 2020 2021 2022

BUKA
Bukalapak.com Tbk.
BUKA Bukalapak.com Tbk.

Date: 29 Jul 2022 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 platforms. The company's President Director and President PT 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 37 subsidiaries. One of the biggest subsidiaries is PT Buka Stock Overview
Mitra Indonesia.
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=BUKA

Domestic 52,300.1 32,502.6
Foreign 25,468.0 10,187.6 I Technology I11 Online Applications & Services
Others 22.53% 11.28% I1 Software & IT Services I111 Online Applications & Services
Year 2021 YTD 2022
Total 77,768.1 42,690.2
Fundamental & ESG
YTD 2022
2.30x 0.79x 27.38 Medium
D 12,442.0 4,739.8 17,181.8
84.5 -1,861.0
Buy

D 17,954.5 8,153.3 26,107.8 "Foreign Buy-Domestic Sell" minus "Foreign Sell- BUKA Sector PER Market PER
Domestic Buy".
17.93x 13.92x

- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
Industry Peers
1. BUKA Bukalapak.com Tbk. 30,300.23 06/30/22 33,822,755 32,223,626 1,599,129 1,691,167 8,589,921
2. GOTO GOTO Gojek Tokopedia Tbk 350,571.72 06/30/22 158,921,410 143,134,323 15,787,087 3,399,988 -14,169,704
3. EMTK Elang Mahkota Teknologi 114,828.28 06/30/22 43,886,303 39,066,565 4,819,738 7,099,931 2,818,657
4. MCAS M Cash Integrasi Tbk. 10,002.93 06/30/22 2,207,390 1,411,884 795,506 6,310,713 25,693
5. TFAS Telefast Indonesia Tbk. 6,900.00 06/30/22 292,905 196,212 96,692 403,544 119
1. BUKA Bukalapak.com Tbk. 2.30 0.79 25.40 537.16 0.95 20.15
2. GOTO GOTO Gojek Tokopedia Tbk -13.46 2.61 -8.92 -89.76 0.90 9.07
3. EMTK Elang Mahkota Teknologi Tbk. 11.92 2.97 6.42 58.48 0.89 8.11
4. MCAS M Cash Integrasi Tbk. 163.27 7.30 1.16 3.23 0.64 1.77
5. TFAS Telefast Indonesia Tbk. 281.44 35.42 0.04 0.12 0.67 2.03


Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 BUKA*
-65.41%
IHSG
14.02%
LQ45
17.89%
Sector**
Aug 21 Sep 21 Oct 21 Nov 21 Dec 21 Jan 22 Feb 22 Mar 22 Apr 22 May 22 Jun 22 Jul 22 -33.78%
*Adjusted Close Price; **Technology
Highest 1,110 900 850 750 515 500 402 382 382 356 306 300
Lowest 830 815 675 545 430 322 336 258 322 272 264 252
Close 945 860 695 545 430 356 338 382 382 294 282 294
Adj. Close* 945 860 695 545 430 356 338 382 382 294 282 294
Growth (%) -8.99% -19.19% -21.58% -21.10% -17.21% -5.06% 13.02% 0.00% -23.04% -4.08% 4.26%
Volume (mill.) 21,024 5,023 6,658 6,375 9,463 10,148 4,807 17,475 9,156 6,976 8,885 7,167
Value (bill.) 20,846 4,368 4,906 4,240 4,524 4,149 1,829 5,490 3,250 2,075 2,549 2,002
Frequency (th.) 873 343 447 338 384 422 208 455 259 171 223 152
Days 16 22 20 22 22 21 19 20 21 20 20 19
Price (IDR) 2017 2018 2019 2020 2021 Industry: Online Applications & Services
Highest 0 0 0 0 1,110 No. Code 6M YTD 1Y 3Y 5Y
Lowest 0 0 0 0 430
Close - - - - 430 1. BUKA -17.4% -31.6% n.a. n.a. n.a.
Adj. Close* - - - - 430 2. GOTO n.a. n.a. n.a. n.a. n.a.
Growth (%) - - - - 3. EMTK 4.5% -17.8% -31.8% 157.7% 70.5%
4. MCAS 3.8% 21.0% 39.3% 218.4% n.a.
Shares Traded 2017 2018 2019 2020 2021 5. TFAS -11.9% -19.2% -28.3% n.a. n.a.
Volume - - - - 48,544
Value - - - - 38,884 Note:
Frequency - - - - 2,386 Base date: 6M = Jan 31, 2022; YTD = Dec 30, 2021; 1Y = Jul 30, 2021; 3Y = Jul 31, 2019; 5Y = May 15, 2017;
Days - - - - 102 *Adjusted price refers to the close price after adjustments for any applicable corporate actions.
Index Membership

1. COMPOSITE 11. LQ45 21.
2. DBX 12. 22.
3. IDX30 13. 23.
4. IDX80 14. 24.
5. IDXQ30 15. 25.
8. IDXTECHNO 18. 28.
9. IDXV30 19. 29.
10. KOMPAS100 20. 30.


Date: 29 Jul 2022 v2.0.0

Cash & Cash Equivalents - - 2,968,876 24,700,387 19,515,131
Trade receivables - - 185,895 53,679 112,633 Total Asset & Liabilities (Bill. Rp)
Inventories - - - 1,273 34,883 Asset Liabilities
40
Current Assets - - 3,539,631 25,848,765 30,587,593
- - - - - - 35
Fixed Asset - - 670,034 113,873 92,470 30

- - - - - -
25
Total Assets - - 5,187,315 26,615,550 33,822,755
Trade Payable - - 144,384 114,473 68,014 20
Curr. Maturities - Bank Loans - - - 2,000,000 - 15

- - - - - -
10
- - - - - -
Current Liabilities - - 1,763,983 3,007,455 1,466,596 5
- - - - - - -
- - - - - - 2018 2019 2020 2021 2022
- - - - - -
Total Liabilities - - 1,971,644 3,119,931 1,599,129
Common Stocks - - 5,016,556 5,153,101 5,153,101
32,224
Paid up Capital (Shares) - - 8 103,062 103,062
Par Value - - 50 50 50
Retained earnings - - -15,309,772 -9,327,845 -734,353 23,496
Total Equity - - 3,215,671 23,495,619 32,223,626
Revenues - - 2,703,329 1,869,122 1,691,167
- - - - - -
- - - - - -
Finance Costs - - -17,094 -18,305 -3,835 3,216
EBT - - -3,664,285 -1,500,980 8,798,711 - -
Tax - - 966,201 -174,764 -208,791
2018 2019 2020 2021 2022
Profit/Loss for the period - - -2,698,084 -1,675,744 8,589,921
Profit/Loss Period Attributable - - -2,698,083 -1,672,959 8,593,492
Comprehensive Income - - -2,632,716 -1,675,383 8,584,930 Total Revenue (Bill. Rp)
Comprehensive Attributable - - -2,632,714 -1,672,650 8,588,501
2,703
Net Cash - Operating - - -2,308,744 -1,409,310 -234,011
Net Cash - Investing - - -2,874 -659,001 -3,027,117 1,869
Net Cash - Financing - - 3,494,956 25,270,996 -2,005,716 1,691
Net Increase/Decrease in C&CE - - 1,183,338 23,202,685 -5,266,844

C&CE, end of period - - 2,968,876 24,700,387 19,515,131
Current Ratio (%) n.a. n.a. 2.01 8.59 20.86
DAR (x) n.a. n.a. 0.38 0.12 0.05 - -
DER (x) n.a. n.a. 0.61 0.13 0.05
EPS (IDR) n.a. n.a. n.a. -10.50 128.09 2018 2019 2020 2021 2022
PER (x) n.a. n.a. n.a. -40.95 2.20

BV (IDR) n.a. n.a. n.a. 228 313 Profit/Loss for the Period (Bill. Rp)
PBV (x) n.a. n.a. n.a. n.a. 1.38
ROA (%) n.a. n.a. -52.01 -6.30 25.40
8,590
ROE (%) n.a. n.a. -83.90 -7.13 26.66
GPM (%) n.a. n.a. n.a. n.a. 0.00
OPM (%) n.a. n.a. 0.00 0.00 0.00
NPM (%) n.a. n.a. -99.81 -89.65 507.93
DPS (IDR) 0.00 0.00 0.00 0.00 0.00
DPR (%) n.a. n.a. n.a. 0.00 0.00
- -
Dividend Yield (%) n.a. n.a. n.a. n.a. 0.00
No. of Listed Shares, million n.a n.a n.a 103,062 103,062 -1,676
-2,698
Market Capitalization, billion IDR n.a n.a n.a 44,317 29,063
2018 2019 2020 2021 2022

CPIN
Charoen Pokphand Indonesia Tbk

CPIN Charoen Pokphand Indonesia Tbk

Date: 29 Jul 2022 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 PT Asian
Effendy and Hadi Gunawan Tjoe. The largest shareholder of the company is PT 07 Jan 1972 18 Mar 1991 5,100 Development
Charoen Pokphand Indonesia Group (55.53%). The percentage of public Securities
biggest subsidiaries is PT Charoen Pokphand Jaya Farm.
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=CPIN

Domestic 13,470.5 9,567.1
58% Institution 50.80% 49.71%
66%
Foreign 9,808.1 4,838.7 D Consumer Non-Cyclicals D23 Agricultural Products
42% Individual 0.30% 0.24%
34%
Others 22.87% 19.62% D2 Food & Beverage D231 Fish, Meat, & Poultry
Year 2021 YTD 2022
Total 23,278.7 14,405.8
Fundamental & ESG
YTD 2022
27.35x 3.49x 45.07 Severe
D 3,300.3 1,217.1 4,517.4
-723.5 532.3
Buy

D 4,135.1 2,961.9 7,097.0 "Foreign Buy-Domestic Sell" minus "Foreign Sell- CPIN Sector PER Market PER
Domestic Buy".
13.16x 13.92x

2022 F - Rp108.00 03-Jun-22 06-Jun-22 14-Jun-22 2010 SS 08-Dec-10 9,550 5:1 1,910 0.200
2021 F - Rp112.00 04-Aug-21 05-Aug-21 13-Aug-21 2007 SS 01-Nov-07 1,470 2:1 740 0.500
2021 F - Rp112.00 04-Aug-21 05-Aug-21 13-Aug-21 2007 RI 05-Jul-07 990 6:1 960 0.965
2020 F - Rp81.00 03-Sep-20 04-Sep-20 16-Sep-20 2001 SS 15-Jan-01 2,600 5:1 520 0.200
2019 F - Rp118.00 11-Jun-19 12-Jun-19 18-Jun-19 1997 BS 09-Jun-97 1,350 4:1 1,080 0.800
Industry Peers
1. CPIN Charoen Pokphand 91,828.80 06/30/22 39,091,367 25,793,165 13,298,202 28,637,323 2,418,166
2. JPFA Japfa Comfeed Indonesia 16,944.90 06/30/22 32,815,710 13,536,545 19,279,165 24,483,172 1,202,087
3. CPRO Central Proteina Prima Tbk. 4,110.49 06/30/22 6,694,348 3,052,451 3,641,897 4,058,947 191,244
4. WMPP Widodo Makmur Perkasa 3,883.31 06/30/22 6,156,098 2,430,661 3,725,436 2,175,435 14,546
5. SIPD Sreeya Sewu Indonesia Tbk. 2,008.65 06/30/22 2,985,456 858,153 2,127,303 2,827,484 -67,860
1. CPIN Charoen Pokphand Indonesia Tbk 27.35 3.49 6.19 18.18 0.66 1.94
2. JPFA Japfa Comfeed Indonesia Tbk. 10.65 1.25 3.66 6.24 0.41 0.70
3. CPRO Central Proteina Prima Tbk. 1.75 1.39 2.86 5.25 0.46 0.84
4. WMPP Widodo Makmur Perkasa Tbk. 15.93 1.59 0.24 0.39 0.39 0.65
5. SIPD Sreeya Sewu Indonesia Tbk. -79.62 2.24 -2.27 -3.19 0.29 0.40


Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 CPIN*
-12.84%
IHSG
14.02%
LQ45
17.89%
Sector**
Highest 6,600 6,750 6,500 6,225 6,100 6,525 6,125 5,875 5,725 5,400 6,000 6,000
Lowest 6,125 6,225 6,150 5,700 5,750 5,950 5,750 5,400 4,920 4,840 4,950 5,575
Close 6,400 6,425 6,200 6,075 5,950 6,300 5,800 5,650 5,150 5,400 6,000 5,600
Adj. Close* 6,400 6,425 6,200 6,075 5,950 6,300 5,800 5,650 5,150 5,400 6,000 5,600
Growth (%) 0.39% -3.50% -2.02% -2.06% 5.88% -7.94% -2.59% -8.85% 4.85% 11.11% -6.67%
Volume (mill.) 105 132 176 178 118 117 140 204 212 186 275 165
Value (bill.) 676 855 1,110 1,066 698 734 821 1,160 1,110 940 1,489 948
Frequency (th.) 54 62 86 93 48 57 67 92 100 78 132 64
Days 20 22 20 22 22 21 19 19 17 19 20 18
Price (IDR) 2017 2018 2019 2020 2021 Industry: Fish, Meat, & Poultry
Lowest 2,840 3,170 4,280 3,830 5,700
Close 3,000 7,225 6,500 6,525 5,950 1. CPIN -11.1% -5.9% -8.6% 4.2% 83.6%
Adj. Close* 3,000 7,225 6,500 6,525 5,950 2. JPFA -13.2% -16.0% -7.4% -9.7% 34.4%
Growth (%) 140.83% -10.03% 0.38% -8.81% 3. CPRO -13.8% -27.4% 38.0% 38.0% 38.0%
4. WMPP 10.0% -17.5% n.a. n.a. n.a.
Shares Traded 2017 2018 2019 2020 2021 5. SIPD -15.5% -25.0% -1.6% 57.9% 61.3%
Volume 1,609 2,104 2,589 2,232 1,807
Value 4,936 9,362 15,528 12,858 11,639 Note:
Frequency 427 634 1,062 1,020 872 Base date: 6M = Jan 31, 2022; YTD = Dec 30, 2021; 1Y = Jul 30, 2021; 3Y = Jul 31, 2019; 5Y = May 15, 2017;
Index Membership

3. ESGQKEHATI 13. JII70 23.
4. ESGSKEHATI 14. KOMPAS100 24.
5. IDX30 15. LQ45 25.
6. IDX80 16. MBX 26.
7. IDXHIDIV20 17. SRI-KEHATI 27.
9. IDXQ30 19. 29.
10. Investor33 20. 30.


Date: 29 Jul 2022 v2.0.0

45
Current Assets 14,097,959 13,297,718 13,531,817 15,715,060 18,680,838
- - - - - - 40
Fixed Asset 11,685,261 13,521,979 14,494,330 16,255,596 16,884,230 35

- - - - - - 30
Total Assets 27,645,118 29,353,041 31,159,291 35,446,051 39,091,367
25
Trade Payable 1,445,313 1,037,827 1,170,500 1,571,868 1,876,908
20
- - - - - -
- - - - - - 15
- - - - - - 10

- - - - - - 2018 2019 2020 2021 2022
- - - - - -
Common Stocks 163,980 163,980 163,980 163,980 163,980
25,150
Par Value 10 10 10 10 10 23,350
19,391
Total Equity 19,391,174 21,071,600 23,349,683 25,149,999 25,793,165
Revenues 53,957,604 58,634,502 42,518,782 51,698,249 28,637,323
Gross Profit 9,134,849 8,096,004 8,254,983 8,138,825 4,890,789
Finance Costs -513,239 -447,885 -443,233 -328,551 -152,666
EBT 5,907,351 4,595,238 4,767,698 4,633,546 2,998,283
Tax -1,355,866 -963,064 -921,865 -1,014,536 -580,117
2018 2019 2020 2021 2022
53,958
Net Cash - Investing -1,607,433 -2,854,639 -1,805,708 -2,819,121 -1,058,129 42,519

Net Cash - Financing -2,438,554 -1,374,310 -2,329,963 -316,035 469,062
Net Increase/Decrease in C&CE 989,967 -828,776 709,904 -1,013,251 -300,379
28,637
C&CE, end of period 2,803,131 1,961,373 2,677,813 1,666,307 1,378,947
Current Ratio (%) 2.98 2.56 2.53 2.01 1.80
DAR (x) 0.30 0.28 0.25 0.29 0.34
DER (x) 0.43 0.39 0.33 0.41 0.52
EPS (IDR) 245.74 222.76 204.35 260.02 204.75 2018 2019 2020 2021 2022
PER (x) 29.40 29.18 31.93 22.88 29.30

PBV (x) 2.54 5.62 4.56 4.25 3.78
ROA (%) 16.46 12.37 12.34 10.21 6.19 4,551
ROE (%) 23.47 17.24 16.47 14.39 9.38
3,846
GPM (%) 16.93 13.81 19.41 15.74 17.08 3,632 3,619
OPM (%) 11.85 8.95 12.63 8.92 10.74
NPM (%) 8.44 6.19 9.05 7.00 8.44
2,418
DPS (IDR) 56.00 118.00 81.00 224.00 108.00
DPR (%) 22.79 52.97 39.64 86.15 52.75
Dividend Yield (%) 1.87 1.63 1.25 3.43 1.82
2018 2019 2020 2021 2022

EMTK
Elang Mahkota Teknologi Tbk.

EMTK Elang Mahkota Teknologi Tbk.

Date: 29 Jul 2022 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. PT Mandiri Sekuritas
Alvin W. Sariaatmadja and Rd. Eddy K. Sariaatmadja . The largest shareholder 03 Aug 1983 12 Jan 2010 720
of the company is (24.10%). The company has 27 subsidiaries. One of the
biggest subsidiaries is PT Surya Citra Media Tbk.. Stock Overview
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=EMTK

Domestic 43,398.5 17,953.8
49% Institution 38.62% 34.31%
Foreign 8,618.4 18,348.6 I Technology I11 Online Applications & Services
51% Individual 2.07% 0.39%
Others 13.98% 12.50% I1 Software & IT Services I111 Online Applications & Services
Year 2021 YTD 2022
Total 52,016.8 36,302.4
Fundamental & ESG
YTD 2022
11.92x 2.97x 17.60 Low
D 4,926.7 2,626.5 7,553.2
630.3 2,847.5
Buy

D 18,216.9 3,167.1 21,384.1 "Foreign Buy-Domestic Sell" minus "Foreign Sell- EMTK Sector PER Market PER
Domestic Buy".
17.93x 13.92x

2018 F - Rp20.00 03-Jul-18 05-Jul-18 12-Jul-18 2021 SS 11-Jan-21 16,300 10:1 1,630 0.100
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 - - - - - - -
2016 F - Rp50.00 27-May-16 31-May-16 07-Jun-16 - - - - - - -
Industry Peers


Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 EMTK*
-31.57%
IHSG
14.02%
LQ45
17.89%
Sector**
Highest 2,740 2,090 1,925 2,080 2,290 2,470 2,120 2,450 3,000 2,790 1,865 1,960
Lowest 1,880 1,740 1,490 1,850 1,920 1,725 1,755 2,030 2,460 1,825 1,605 1,540
Close 2,170 1,740 1,925 1,925 2,280 1,795 2,070 2,450 2,990 1,915 1,605 1,875
Adj. Close* 2,170 1,740 1,925 1,925 2,280 1,795 2,070 2,450 2,990 1,915 1,605 1,875
Growth (%) -19.82% 10.63% 0.00% 18.44% -21.27% 15.32% 18.36% 22.04% -35.95% -16.19% 16.82%
Volume (mill.) 1,701 573 1,203 654 749 1,406 1,184 2,364 914 1,440 628 597
Value (bill.) 3,973 1,111 2,057 1,276 1,625 2,900 2,341 5,208 2,549 3,000 1,093 1,060
Frequency (th.) 289 126 216 140 213 275 288 266 222 222 189 143
Days 20 22 20 22 22 21 16 18 17 16 16 18
Lowest 8,225 8,350 4,610 4,070 1,490
Close 9,500 8,400 5,575 14,000 2,280 1. EMTK 4.5% -17.8% -31.8% 157.7% 70.5%
Adj. Close* 950 840 558 1,400 228 2. GOTO n.a. n.a. n.a. n.a. n.a.
Growth (%) -11.58% -33.63% 151.12% -83.71% 3. BUKA -17.4% -31.6% n.a. n.a. n.a.
4. MCAS 3.8% 21.0% 39.3% 218.4% n.a.
Volume 221 53 25 191 11,567
Value 2,000 524 166 765 26,008 Note:
Index Membership

1. BISNIS-27 11. JII70 21.
5. IDX30 15. 25.
6. IDX80 16. 26.
7. IDXG30 17. 27.
9. ISSI 19. 29.
10. JII 20. 30.


Date: 29 Jul 2022 v2.0.0

Inventories 1,168,833 1,145,444 926,769 1,004,564 1,178,253 Asset Liabilities
50
Current Assets 9,818,544 8,606,558 7,330,343 12,961,205 15,481,174
45
- - - - - -
Fixed Asset 2,518,586 3,028,963 4,583,996 5,818,066 5,795,270 40
- - - - - - 35
Total Assets 19,525,412 17,540,638 17,884,146 38,168,511 43,886,303 30
Trade Payable 708,263 775,963 595,422 735,306 795,030 25
Curr. Maturities - Bank Loans 21,000 22,400 191,013 6,436 93,295 20

Curr. Maturities - Bonds Payable - - 52,097 - - 15
- - - - - - 10
Long-term Bank Loans 28,000 5,600 2,084,387 611,964 1,212,661 -
- - - - - - 2018 2019 2020 2021 2022
- - - - - -
Common Stocks 1,128,006 1,128,455 1,128,791 1,224,835 1,224,835
Par Value 200 200 20 20 20
33,669
Retained earnings -1,623,063 -3,139,097 -1,080,923 4,673,694 7,382,981
Total Equity 15,464,333 12,265,279 12,399,039 33,668,866 39,066,565
Revenues 8,959,711 11,100,065 11,936,382 12,840,734 7,099,931 15,464
Gross Profit 2,834,590 2,627,585 2,893,309 3,708,351 1,886,579 12,265 12,399
Operating Profit/Loss -108,903 -1,725,576 1,225,315 1,349,711 420,050
Finance Costs -61,887 -68,420 -50,839 -101,841 -37,830
EBT -1,937,721 -2,071,947 3,702,417 6,436,823 3,004,838
Tax -367,816 -271,160 -345,945 -416,997 -186,181
2018 2019 2020 2021 2022
Profit/Loss for the period -2,305,537 -2,343,106 1,717,376 6,019,826 2,818,657
Profit/Loss Period Attributable -2,621,710 -1,516,034 2,058,199 5,659,161 2,704,897
Comprehensive Income -2,170,444 -2,717,992 1,898,383 6,271,231 2,858,984 Total Revenue (Bill. Rp)
Comprehensive Attributable -2,484,677 -1,883,819 2,225,128 5,911,749 2,739,647
12,841
11,936
Net Cash - Operating 776,038 -1,602,098 1,812,827 1,571,869 -910,503
Net Cash - Investing -3,232,706 -761,378 -190,737 -10,750,356 -3,287,203 8,960
Net Cash - Financing -385,190 1,132,990 -1,857,271 12,672,899 3,707,338

7,100
Net Increase/Decrease in C&CE -2,841,858 -1,230,487 -235,181 3,494,412 -490,368
C&CE, end of period 4,624,271 3,315,187 2,694,706 7,383,025 6,940,867
Current Ratio (%) 4.32 3.20 2.56 4.03 5.22
DAR (x) 0.21 0.30 0.31 0.12 0.11
DER (x) 0.26 0.43 0.44 0.13 0.12
EPS (IDR) -100.11 -544.76 -14.18 29.37 157.24 2018 2019 2020 2021 2022
PER (x) -83.91 -10.23 -987.57 77.63 10.21

BV (IDR) 2,742 2,174 2,197 550 638 Profit/Loss for the Period (Bill. Rp)
PBV (x) 3.46 3.86 2.54 25.47 3.57
ROA (%) -11.81 -13.36 9.60 15.77 6.42
ROE (%) -14.91 -19.10 13.85 17.88 7.22 6,020
GPM (%) 31.64 23.67 24.24 28.88 26.57
OPM (%) -1.22 -15.55 10.27 10.51 5.92
NPM (%) -25.73 -21.11 14.39 46.88 39.70 2,819
1,717
DPS (IDR) 20.00 0.00 0.00 0.00 0.00
DPR (%) n.a. 0.00 0.00 0.00 0.00
Dividend Yield (%) 0.21 0.00 0.00 0.00 0.00
No. of Listed Shares, million 5,640 5,642 5,644 61,242 61,242 -2,306 -2,343
2018 2019 2020 2021 2022

ERAA
Erajaya Swasembada Tbk.

ERAA Erajaya Swasembada Tbk.

Date: 29 Jul 2022 v2.0.0

PT Erajaya Swasembada Tbk. has a main business field of Distribution and Established Listing Date IPO Price (IDR) IPO Lead Underwriter
retailer of cellular communication products and services and their support. The PT Buana Capital
company's President Director and President Commisioner are Budiarto Halim 08 Oct 1996 14 Dec 2011 1,000
and Ardy Hady Wijaya. The largest shareholder of the company is PT Eralink
International (54.51%). The percentage of public shareholding (<5%) is 44.71%. Stock Overview
The company has 11 subsidiaries. One of the biggest subsidiaries is PT Erafone
Artha Retailindo. Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=ERAA

Domestic 25,541.6 5,330.3
Foreign 6,790.5 1,333.9 E Consumer Cyclicals E74 Specialty Retail
Others 23.39% 33.86% E7 Retailing E742 Electronics Retail
Year 2021 YTD 2022
Total 32,332.0 6,664.2
Fundamental & ESG
YTD 2022
7.72x 1.17x 11.31 Low
D 2,132.6 559.7 2,692.3
-260.4 -54.3
Buy

D 10,165.5 2,735.5 12,901.0 "Foreign Buy-Domestic Sell" minus "Foreign Sell- ERAA Sector PER Market PER
Domestic Buy".
12.71x 13.92x

2022 F - Rp22.80 04-Jul-22 05-Jul-22 27-Jul-22 2021 SS 31-Mar-21 2,610 5:1 520 0.200
2021 F - Rp13.80 07-Jun-21 08-Jun-21 25-Jun-21 - - - - - - -
2021 F - Rp138.00 07-Jun-21 08-Jun-21 25-Jun-21 - - - - - - -
2019 F - Rp50.00 20-May-19 21-May-19 31-May-19 - - - - - - -
2018 F - Rp38.00 02-May-18 04-May-18 25-May-18 - - - - - - -
Industry Peers
1. ERAA Erajaya Swasembada Tbk. 7,943.10 06/30/22 15,487,317 6,813,038 8,674,279 23,399,961 498,294
2. TRIO Trikomsel Oke Tbk. 11,079.19 06/30/22 92,212 -4,142,666 4,234,877 294,065 -18,569
3. UFOE Damai Sejahtera Abadi Tbk. 2,287.50 06/30/22 418,680 185,354 233,326 364,225 5,510
4. ECII Electronic City Indonesia 760.57 06/30/22 1,944,679 1,403,053 541,626 1,029,240 10,239
5. SLIS Gaya Abadi Sempurna Tbk. 362.00 06/30/22 389,941 219,957 169,984 227,318 15,087
1. ERAA Erajaya Swasembada Tbk. 7.72 1.17 3.22 5.74 0.44 0.79
2. TRIO Trikomsel Oke Tbk. -81.45 -2.68 -20.14 -0.44 -44.93 -0.98
3. UFOE Damai Sejahtera Abadi Tbk. 199.55 12.52 1.32 2.36 0.44 0.79
4. ECII Electronic City Indonesia Tbk. 127.43 0.54 0.53 1.89 0.72 2.59
5. SLIS Gaya Abadi Sempurna Tbk. 14.14 1.71 3.87 8.88 0.56 1.29


Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 ERAA*
-26.22%
IHSG
14.02%
LQ45
17.89%
Sector**
*Adjusted Close Price; **Consumer Cyclicals
Highest 675 630 660 670 625 600 585 590 605 535 530 510
Lowest 555 570 585 610 585 525 535 525 520 494 494 490
Close 605 605 650 620 600 550 555 580 525 535 525 498
Adj. Close* 605 605 650 620 600 550 555 580 525 535 525 498
Growth (%) 0.00% 7.44% -4.62% -3.23% -8.33% 0.91% 4.50% -9.48% 1.90% -1.87% -5.14%
Volume (mill.) 1,723 2,129 2,908 1,923 1,019 866 819 1,083 1,536 647 768 461
Value (bill.) 1,054 1,275 1,802 1,234 619 488 456 609 834 326 390 229
Frequency (th.) 138 138 203 103 71 70 46 79 123 52 62 49
Days 20 22 20 22 22 21 18 17 18 15 18 17
Price (IDR) 2017 2018 2019 2020 2021 Industry: Electronics Retail
Highest 780 3,280 2,550 2,360 2,870 No. Code 6M YTD 1Y 3Y 5Y
Lowest 580 690 1,005 840 498
Close 735 2,200 1,795 2,200 600 1. ERAA -9.5% -17.0% -24.5% 18.6% 260.9%
Adj. Close* 147 440 359 440 120 2. TRIO 0.0% 0.0% 0.0% 0.0% -78.7%
Growth (%) 199.32% -18.41% 22.56% -72.73% 3. UFOE -23.1% -38.5% -23.7% n.a. n.a.
4. ECII -36.7% -41.2% -42.4% -49.1% -43.0%
Shares Traded 2017 2018 2019 2020 2021 5. SLIS -79.4% -77.4% -98.6% n.a. n.a.
Volume 2,486 7,132 9,717 5,553 21,174
Value 1,770 14,813 17,156 8,648 16,166 Note:
Index Membership

1. COMPOSITE 11. ISSI 21.
2. ESGSKEHATI 12. JII 22.
3. IDX80 13. JII70 23.
4. IDXCYCLIC 14. KOMPAS100 24.
5. IDXESGL 15. LQ45 25.
6. IDXQ30 16. MBX 26.
7. IDXSMC-COM 17. PEFINDO25 27.
9. IDXV30 19. 29.
10. Investor33 20. 30.


Date: 29 Jul 2022 v2.0.0

Cash & Cash Equivalents 272,103 571,289 2,002,050 520,695 851,946
Trade receivables 1,417,241 1,042,290 1,011,532 616,421 998,961 Total Asset & Liabilities (Bill. Rp)
18
Current Assets 10,053,692 6,944,526 7,546,995 6,624,347 10,492,766
Investment Properties - - 15,167 14,479 14,124 16
Fixed Asset 553,676 614,540 1,372,421 1,667,647 1,956,477 14

- - - - - - 12
Total Assets 12,682,903 9,747,703 11,211,369 11,372,225 15,487,317
10
Trade Payable 2,806,645 1,434,567 2,088,241 1,513,820 3,190,655
8
Curr. Maturities - Bank Loans - - - 143,409 166,895
- - - - - - 6
- - - - - - 4

Long-term Bank Loans - - - 214,109 153,544 -
- - - - - - 2018 2019 2020 2021 2022
- - - - - -
Common Stocks 1,595,000 1,595,000 1,595,000 1,595,000 1,595,000
6,462
Par Value 500 500 500 100 100
Total Equity 4,825,618 4,978,717 5,687,996 6,462,362 6,813,038 4,826 4,979
Revenues 34,744,177 32,944,903 34,113,455 43,466,977 23,399,961
Gross Profit 3,169,482 2,849,024 3,410,013 4,805,887 2,413,577
Operating Profit/Loss 1,317,527 512,590 857,828 1,486,163 749,135
Finance Costs -349,163 -326,036 -191,176 -194,768 -113,722
EBT 1,203,141 472,720 917,317 1,495,065 707,030
Tax -313,800 -147,137 -246,145 -377,148 -208,737
2018 2019 2020 2021 2022
Profit/Loss for the period 889,341 325,583 671,172 1,117,917 498,294
Profit/Loss Period Attributable 850,090 295,066 612,005 1,012,376 507,518
Comprehensive Income 911,458 316,970 680,050 1,116,239 493,623 Total Revenue (Bill. Rp)
Comprehensive Attributable 869,920 289,030 617,725 1,013,417 505,958
43,467
Net Cash - Operating -2,427,388 2,430,791 2,852,705 21,739 -640,801
34,744 34,113
Net Cash - Investing -398,640 -377,007 -375,132 -515,802 -553,230 32,945
Net Cash - Financing 2,618,524 -1,861,394 -1,301,649 235,701 835,883

Net Increase/Decrease in C&CE -207,504 192,390 1,175,925 -258,362 -358,148 23,400
C&CE, end of period -701,514 -504,392 675,733 417,263 59,115
Current Ratio (%) 1.30 1.50 1.47 1.55 1.30
DAR (x) 0.62 0.49 0.49 0.43 0.56
DER (x) 1.63 0.96 0.97 0.76 1.27
EPS (IDR) 236.14 118.86 133.10 64.96 64.53 2018 2019 2020 2021 2022
PER (x) 9.32 15.10 16.53 9.24 8.14

BV (IDR) 1,513 1,561 1,783 405 427 Profit/Loss for the Period (Bill. Rp)
PBV (x) 0.49 1.41 1.01 5.43 1.40
ROA (%) 7.01 3.34 5.99 9.83 3.22 1,118
ROE (%) 18.43 6.54 11.80 17.30 7.31
GPM (%) 9.12 8.65 10.00 11.06 10.31 889
OPM (%) 3.79 1.56 2.51 3.42 3.20
NPM (%) 2.56 0.99 1.97 2.57 2.13 671
DPS (IDR) 38.00 50.00 0.00 151.80 22.80 498

DPR (%) 16.09 42.06 0.00 233.69 35.33
Dividend Yield (%) 5.17 2.27 0.00 6.90 3.80 326
2018 2019 2020 2021 2022

EXCL
XL Axiata Tbk.
EXCL XL Axiata Tbk.

Date: 29 Jul 2022 v2.0.0

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

Domestic 27,166.0 12,647.4
67% 72%
Foreign 13,584.5 4,939.2 J Infrastructures J32 Wireless Telecommunication Services
Others 18.85% 17.73% J3 Telecommunication J321 Wireless Telecommunication Services
Year 2021 YTD 2022
Total 40,750.5 17,586.5
Fundamental & ESG
YTD 2022
22.97x 1.26x 27.60 Medium
D 4,541.5 1,663.7 6,205.2
-974.0 237.0
Buy

D 10,209.4 3,860.5 14,070.0 "Foreign Buy-Domestic Sell" minus "Foreign Sell- EXCL Sector PER Market PER
Domestic Buy".
17.42x 13.92x

2022 F - Rp51.00 11-May-22 12-May-22 20-May-22 2016 RI 16-May-16 3,380 100:25 3,330 0.986
2021 F - Rp31.70 04-May-21 05-May-21 21-May-21 - - - - - - -
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. 25,417.48 06/30/22 76,418,059 20,336,035 56,082,024 14,074,829 617,012
2. SUPR Solusi Tunas Pratama Tbk. 41,578.54 06/30/22 9,515,723 4,151,287 5,364,436 933,944 505,284
3. FREN Smartfren Telecom Tbk. 30,880.49 06/30/22 43,780,547 12,709,369 31,071,178 5,453,340 54,604
4. IBST Inti Bangun Sejahtera Tbk. 11,111.19 06/30/22 10,041,187 6,633,746 3,407,442 539,343 48,874
5. CENT Centratama Telekomunikasi 5,332.37 06/30/22 19,554,196 1,055,701 18,498,495 1,139,335 -968,689
1. EXCL XL Axiata Tbk. 22.97 1.26 0.81 1.10 0.27 0.36
2. SUPR Solusi Tunas Pratama Tbk. 449.23 10.66 5.31 9.42 0.44 0.77
3. FREN Smartfren Telecom Tbk. -2284.19 2.44 0.12 0.18 0.29 0.41
4. IBST Inti Bangun Sejahtera Tbk. 169.65 1.68 0.49 1.43 0.66 1.95
5. CENT Centratama Telekomunikasi -5.11 5.05 -4.95 -5.24 0.05 0.06

EXCL XL Axiata Tbk.

Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 EXCL*
-10.57%
IHSG
14.02%
LQ45
17.89%
Sector**
*Adjusted Close Price; **Infrastructures
Highest 2,730 3,040 3,230 3,070 3,230 3,320 3,310 2,880 3,290 3,040 2,680 2,560
Lowest 2,540 2,610 2,870 2,860 3,070 2,930 2,770 2,590 2,570 2,570 2,320 2,240
Close 2,670 3,040 3,080 3,070 3,170 3,320 2,860 2,650 3,190 2,640 2,600 2,370
Adj. Close* 2,670 3,040 3,080 3,070 3,170 3,320 2,860 2,650 3,190 2,640 2,600 2,370
Growth (%) 13.86% 1.32% -0.32% 3.26% 4.73% -13.86% -7.34% 20.38% -17.24% -1.52% -8.85%
Volume (mill.) 423 549 1,192 579 334 233 312 477 658 352 702 483
Value (bill.) 1,114 1,593 3,465 1,735 1,048 725 930 1,294 1,947 985 1,769 1,144
Frequency (th.) 104 124 106 84 69 54 83 113 142 74 141 98
Days 20 22 20 22 22 21 16 19 21 19 20 19
Price (IDR) 2017 2018 2019 2020 2021 Industry: Wireless Telecommunication Services
Lowest 2,280 1,750 1,980 1,410 1,980
Close 2,960 1,980 3,150 2,730 3,170 1. EXCL -28.6% -25.2% -11.9% -26.6% -24.0%
Adj. Close* 2,960 1,980 3,150 2,730 3,170 2. SUPR 128.4% 136.2% 356.9% 437.5% 462.3%
Growth (%) -33.11% 59.09% -13.33% 16.12% 3. FREN 21.0% 12.6% -34.7% -43.4% 96.8%
4. IBST 52.3% 41.2% 64.5% -0.9% 335.2%
Shares Traded 2017 2018 2019 2020 2021 5. CENT -17.0% -26.3% -44.5% 96.6% 48.7%
Volume 2,147 4,266 4,816 7,105 7,842
Value 6,906 10,340 14,106 17,576 20,375 Note:
Index Membership

2. IDX80 12. LQ45 22.
3. IDXESGL 13. MBX 23.
4. IDXINFRA 14. MNC36 24.
5. IDXSMC-COM 15. SMinfra18 25.
7. Investor33 17. 27.
8. ISSI 18. 28.
9. JII 19. 29.
10. JII70 20. 30.

EXCL XL Axiata Tbk.

Date: 29 Jul 2022 v2.0.0

Trade receivables 569,240 662,944 450,362 524,505 673,765 Total Asset & Liabilities (Bill. Rp)
Inventories 189,063 74,608 143,377 156,440 118,734 Asset Liabilities
90
Current Assets 7,058,652 7,145,648 7,571,123 7,733,191 5,917,977
- - - - - - 80
Fixed Asset 36,759,530 42,081,680 47,162,250 51,912,214 54,013,183 70

- - - - - - 60
Total Assets 57,613,954 62,725,242 67,744,797 72,753,282 76,418,059
50
Trade Payable 9,105,808 8,042,098 7,378,931 10,637,997 10,134,579
40
Curr. Maturities - Bank Loans 646,095 4,076,202 727,795 877,461 3,380,085
Curr. Maturities - Bonds Payable 326,491 309,874 449,310 190,974 - 30
Curr. Maturities - Sukuk 356,430 1,075,440 398,417 676,650 424,855 20

Long-term Bonds Payable 668,325 992,449 544,526 354,069 354,207 2018 2019 2020 2021 2022
Long-term Sukuk 2,523,058 2,088,832 1,692,167 1,016,533 1,016,775
Common Stocks 1,068,796 1,068,796 1,070,601 1,072,467 1,072,467 20,336
Par Value 100 100 100 100 100

Total Equity 18,343,098 19,121,966 19,137,366 20,088,745 20,336,035 19,122 19,137
Revenues 22,938,812 25,132,628 26,009,095 26,754,050 14,074,829 18,343
- - - - - -
Operating Profit/Loss -2,421,268 -1,914,297 -1,560,744 -1,536,159 -1,147,498
Finance Costs -1,746,198 -2,242,505 -2,667,824 -2,378,186 -1,192,890
EBT -4,396,280 1,144,117 146,211 1,707,540 728,082
Tax 1,099,390 -431,538 225,387 -419,733 -111,070
2018 2019 2020 2021 2022
Profit/Loss for the period -3,296,890 712,579 371,598 1,287,807 617,012
Profit/Loss Period Attributable -3,296,890 712,579 371,598 1,287,807 614,910
Comprehensive Income -3,280,113 725,857 345,176 1,303,500 672,036 Total Revenue (Bill. Rp)
Comprehensive Attributable -3,280,113 725,857 345,176 1,303,500 669,934
26,754
26,009
22,939
Net Increase/Decrease in C&CE -1,433,264 573,860 1,360,963 -301,668 -657,273 14,075
C&CE, end of period 1,047,115 1,603,445 2,965,589 2,664,387 2,008,411
Current Ratio (%) 0.45 0.34 0.40 0.37 0.26
DAR (x) 0.68 0.70 0.72 0.72 0.73
DER (x) 2.14 2.28 2.54 2.62 2.76
EPS (IDR) -0.71 -248.29 213.82 -64.06 103.16 2018 2019 2020 2021 2022
PER (x) -2,773.91 -12.69 12.77 -49.49 25.20

PBV (x) 1.72 1.11 1.76 1.46 1.67
ROA (%) -5.72 1.14 0.55 1.77 0.81
1,288
ROE (%) -17.97 3.73 1.94 6.41 3.03
713 617
GPM (%) n.a. n.a. n.a. n.a. n.a. 372
OPM (%) -10.56 -7.62 -6.00 -5.74 -8.15
NPM (%) -14.37 2.84 1.43 4.81 4.38
DPS (IDR) 0.00 0.00 20.00 63.40 51.00
DPR (%) 0.00 0.00 9.35 n.a. 49.44
Dividend Yield (%) 0.00 0.00 0.63 2.32 1.61
No. of Listed Shares, million 10,688 10,688 10,706 10,725 10,725 -3,297
2018 2019 2020 2021 2022

GOTO
GOTO Gojek Tokopedia Tbk

GOTO GOTO Gojek Tokopedia Tbk

Date: 29 Jul 2022 v2.0.0

PT GOTO Gojek Tokopedia Tbk has a main business field of Parent company Established Listing Date IPO Price (IDR) IPO Lead Underwriter
and provider of digital platforms that integrate on-demand services, e-commerce PT 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 Andre Soelistyo and Garibaldi Thohir. The largest Stock Overview
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)
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=GOTO
Trading by Investor Types 1,184,363,929,502 3.84% 1.89%

Domestic 0.0 129,774.1
Individual - 80.16% Industrial Classification
Institution - 19.80%
96%
Others - 0.04% Sector Industry
Foreign 0.0 5,001.4 I Technology I11 Online Applications & Services
Individual - 5.82%
Institution - 84.81% Sub-Sector Sub-Industry
0% 4%
Others - 9.37% I1 Software & IT Services I111 Online Applications & Services
Year 2021 YTD 2022
Total 0.0 134,775.6
Fundamental & ESG
YTD 2022
-13.46x 2.61x n.a. n.a.
D 62,653.2 1,766.5 64,419.7
0.0 934.6
Buy

D 0.0 0.0 0.0 "Foreign Buy-Domestic Sell" minus "Foreign Sell- GOTO Sector PER Market PER
Domestic Buy".
F 0.0 0.0 0.0 A positive net foreign indicates a net buy by
17.93x 13.92x
Total 0.0 0.0 0.0 foreign investors.

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


Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 GOTO*
-12.43%
IHSG
14.02%
LQ45
17.89%
Sector**
Highest 0 0 0 0 0 0 0 0 382 314 404 370
Lowest 0 0 0 0 0 0 0 0 272 194 330 292
Close - - - - - - - - 272 304 388 296
Adj. Close* - - - - - - - - 272 304 388 296
Growth (%) - - - - - - - - 11.76% 27.63% -23.71%
Volume (mill.) - - - - - - - - 56,619 45,364 75,100 21,106
Value (bill.) - - - - - - - - 19,977 12,441 28,136 6,833
Frequency (th.) - - - - - - - - 990 722 952 437
Days - - - - - - - - 23 19 20 21
Highest 0 0 0 0 0 No. Code 6M YTD 1Y 3Y 5Y
Lowest 0 0 0 0 0
Close - - - - - 1. GOTO n.a. n.a. n.a. n.a. n.a.
Adj. Close* - - - - - 2. EMTK 4.5% -17.8% -31.8% 157.7% 70.5%
Growth (%) - - - - 3. BUKA -17.4% -31.6% n.a. n.a. n.a.
4. MCAS 3.8% 21.0% 39.3% 218.4% n.a.
Volume - - - - -
Value - - - - - Note:
Frequency - - - - - Base date: 6M = Jan 31, 2022; YTD = Dec 30, 2021; 1Y = Jul 30, 2021; 3Y = Jul 31, 2019; 5Y = May 15, 2017;
Days - - - - - *Adjusted price refers to the close price after adjustments for any applicable corporate actions.
Index Membership
No. Index Code

2. IDX30 12. 22.
3. IDX80 13. 23.
5. KOMPAS100 15. 25.
6. LQ45 16. 26.
7. MBX 17. 27.
8. 18. 28.
9. 19. 29.
10. 20. 30.


Date: 29 Jul 2022 v2.0.0

Cash & Cash Equivalents - - - 31,150,908 35,278,283
Trade receivables - - - 506,941 680,690 Total Asset & Liabilities (Bill. Rp)
Inventories - - - 34,497 58,042 Asset Liabilities
180
Current Assets - - - 36,063,697 39,221,274
- - - - - - 160
Fixed Asset - - - 1,470,250 1,585,513 140

- - - - - - 120
Total Assets - - - 155,137,033 158,921,410
100
Trade Payable - - - 867,383 979,446
80
Curr. Maturities - Bank Loans - - - 1,409,607 1,524,556
- - - - - - 60
- - - - - - 40
Current Liabilities - - - 12,293,693 12,059,203 20

- - - - - - -
- - - - - - 2018 2019 2020 2021 2022
- - - - - -
Total Liabilities - - - 16,112,589 15,787,087
Common Stocks - - - 1,143,749 1,184,364
Paid up Capital (Shares) - - - 1,143,749 1,184,364 143,134
139,024
Par value ** - - - - -
Retained earnings - - - -79,129,324 -92,777,130
Total Equity - - - 139,024,444 143,134,323
Revenues - - - 4,535,764 3,399,988
Gross Profit - - - 760,045 929,031
Operating Profit/Loss - - - -22,384,656 -15,782,410
Finance Costs - - - -263,732 -119,294
EBT - - - -22,211,302 -14,185,263 - - -
Tax - - - -217,940 15,559
2018 2019 2020 2021 2022
Profit/Loss for the period - - - -22,429,242 -14,169,704
Profit/Loss Period Attributable - - - -21,390,932 -13,647,806
Comprehensive Income - - - -22,531,192 -14,138,641 Total Revenue (Bill. Rp)
Comprehensive Attributable - - - -21,494,265 -13,614,899
4,536
Net Cash - Operating - - - -14,691,398 -10,458,666
3,400
Net Cash - Investing - - - -91,250,751 525,729
Net Cash - Financing - - - 121,530,628 13,524,809
Net Increase/Decrease in C&CE - - - 15,588,479 3,591,872
C&CE, end of period - - - 31,150,908 35,128,570
Current Ratio (%) n.a. n.a. n.a. 2.93 3.25
DAR (x) n.a. n.a. n.a. 0.10 0.10 - - -
DER (x) n.a. n.a. n.a. 0.12 0.11
EPS (IDR) n.a. n.a. n.a. n.a. -22.00 2018 2019 2020 2021 2022
PER (x) n.a. n.a. n.a. 0.00 -17.64

BV (IDR) n.a. n.a. n.a. n.a. 121 Profit/Loss for the Period (Bill. Rp)
PBV (x) n.a. n.a. n.a. n.a. n.a.
- - -
ROA (%) n.a. n.a. n.a. -14.46 -8.92
ROE (%) n.a. n.a. n.a. -16.13 -9.90
GPM (%) n.a. n.a. n.a. 16.76 27.32
OPM (%) n.a. n.a. n.a. -493.51 -464.19
NPM (%) n.a. n.a. n.a. -494.50 -416.76
DPS (IDR) 0.00 0.00 0.00 0.00 0.00
DPR (%) n.a. n.a. n.a. n.a. 0.00
-14,170
Dividend Yield (%) n.a. n.a. n.a. n.a. n.a.
No. of Listed Shares, million n.a n.a n.a n.a 1,184,364
-22,429
Market Capitalization, billion IDR n.a n.a n.a n.a 459,533
2018 2019 2020 2021 2022
** 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)

HMSP
H.M. Sampoerna Tbk.

HMSP H.M. Sampoerna Tbk.

Date: 29 Jul 2022 v2.0.0

PT H.M. Sampoerna 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 Vasileios PT Inter-Pacific
Gkatzelis and John Gledhill. The largest shareholder of the company is PHILIP 19 Oct 1963 15 Aug 1990 12,600 Securities
MORRIS INDONESIA, PT - (92.50%). The percentage of public shareholding
(<5%) is 7.50%. The company has 9 subsidiaries. One of the biggest subsidiaries Stock Overview
is PT Perusahaan Dagang dan Industri Panamas.
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=HMSP

Domestic 19,939.4 5,443.4
Foreign 4,008.5 1,267.6 D Consumer Non-Cyclicals D31 Tobacco
Others 17.91% 22.26% D3 Tobacco D311 Tobacco
Year 2021 YTD 2022
Total 23,947.8 6,711.0
Fundamental & ESG
YTD 2022
17.88x 4.36x 25.86 Medium
D 2,282.7 393.7 2,676.4
-3.6 90.6
Buy

D 8,502.7 1,468.8 9,971.5 "Foreign Buy-Domestic Sell" minus "Foreign Sell- HMSP Sector PER Market PER
Domestic Buy".
13.16x 13.92x

2022 F - Rp63.30 20-Jun-22 21-Jun-22 29-Jun-22 2016 SS 14-Jun-16 95,150 25:1 3,810 0.040
2021 F - Rp72.80 08-Jun-21 09-Jun-21 18-Jun-21 2015 RI 20-Oct-15 88,000 65:4 87,350 0.993
2021 F - Rp72.80 08-Jun-21 09-Jun-21 18-Jun-21 2001 SS 24-Sep-01 24,450 5:1 4,900 0.200
2020 F - Rp119.80 02-Jun-20 03-Jun-20 09-Jun-20 1996 SS 18-Nov-96 24,450 2:1 12,250 0.500
2019 F - Rp117.20 20-May-19 21-May-19 29-May-19 - - - - - - -
Industry Peers
1. HMSP H.M. Sampoerna Tbk. 108,175.81 06/30/22 42,497,668 24,830,681 17,666,987 53,505,474 3,048,141
2. GGRM Gudang Garam Tbk. 53,585.85 06/30/22 83,633,044 55,915,222 27,717,822 61,672,267 956,146
3. RMBA Bentoel Internasional 11,138.75 06/30/22 8,690,394 5,809,396 2,880,998 3,383,730 16,012
4. WIIM Wismilak Inti Makmur Tbk. 1,123.43 06/30/22 1,893,398 1,399,198 494,200 1,626,436 82,252
5. ITIC Indonesian Tobacco Tbk. 282.22 06/30/22 519,608 333,532 186,077 127,495 8,737
1. HMSP H.M. Sampoerna Tbk. 17.88 4.36 7.17 17.25 0.58 1.41
2. GGRM Gudang Garam Tbk. 12.73 0.96 1.14 3.45 0.67 2.02
3. RMBA Bentoel Internasional Investama 210.63 1.92 0.18 0.56 0.67 2.02
4. WIIM Wismilak Inti Makmur Tbk. 5.74 0.80 4.34 16.64 0.74 2.83
5. ITIC Indonesian Tobacco Tbk. 13.59 0.85 1.68 4.70 0.64 1.79


Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 HMSP*
-11.43%
IHSG
14.02%
LQ45
17.89%
Sector**
Highest 1,075 1,045 1,160 1,045 1,020 985 1,020 970 970 1,115 1,160 980
Lowest 950 955 1,020 995 960 945 945 900 890 925 975 930
Close 1,000 1,030 1,035 995 965 945 965 925 970 1,115 975 930
Adj. Close* 1,000 1,030 1,035 995 965 945 965 925 970 1,115 975 930
Growth (%) 3.00% 0.49% -3.86% -3.02% -2.07% 2.12% -4.15% 4.86% 14.95% -12.56% -4.62%
Volume (mill.) 676 607 1,069 634 269 288 430 474 404 654 751 394
Value (bill.) 683 607 1,182 646 267 277 422 438 373 675 794 377
Frequency (th.) 94 96 133 87 52 42 59 57 52 102 77 41
Days 20 22 20 22 22 21 17 18 16 18 18 18
Price (IDR) 2017 2018 2019 2020 2021 Industry: Tobacco

Lowest 3,780 3,280 1,900 1,155 950
Close 4,730 3,710 2,100 1,505 965 1. HMSP -1.6% -3.6% -11.0% -69.3% -75.8%
Adj. Close* 4,730 3,710 2,100 1,505 965 2. GGRM -9.1% -9.0% -15.1% -63.1% -62.2%
Growth (%) -21.56% -43.40% -28.33% -35.88% 3. RMBA 0.0% 0.0% 10.1% -11.6% -29.5%
4. WIIM 43.0% 25.0% -4.5% 126.7% 25.6%
Shares Traded 2017 2018 2019 2020 2021 5. ITIC 2.0% 9.5% -28.9% -53.1% n.a.
Volume 5,043 6,477 9,520 16,675 9,632
Value 19,824 25,694 26,970 27,552 11,974 Note:
Index Membership
No. Index Code

2. IDX80 12. 22.
3. IDXESGL 13. 23.
4. IDXHIDIV20 14. 24.
6. IDXQ30 16. 26.
7. KOMPAS100 17. 27.
8. LQ45 18. 28.
9. MBX 19. 29.
10. 20. 30.


Date: 29 Jul 2022 v2.0.0

60
Current Assets 37,831,483 41,697,015 41,091,638 41,323,105 30,669,708
Investment Properties 465,004 443,339 422,148 400,645 390,133
50
Fixed Asset 7,288,435 7,297,912 6,582,808 6,038,643 6,177,583
- - - - - - 40
Total Assets 46,602,420 50,902,806 49,674,030 53,090,428 42,497,668
Trade Payable 3,450,070 3,802,004 3,467,567 4,244,097 4,519,963 30
- - - - - -
- - - - - - 20
- - - - - -
10
Current Liabilities 8,793,999 12,727,676 16,743,834 21,964,259 15,593,136
- - - - - - -
- - - - - - 2018 2019 2020 2021 2022
- - - - - -
Common Stocks 465,272 465,272 465,272 465,272 465,272
Par Value 4 4 4 4 4 30,241

29,191
Total Equity 35,358,253 35,679,730 30,241,426 29,191,406 24,830,681 24,831
Revenues 106,741,891 106,055,176 92,425,210 98,874,784 53,505,474
Gross Profit 25,490,791 26,122,981 18,771,235 16,919,771 7,981,287
Finance Costs -30,495 -53,454 -49,983 -56,528 -22,864
EBT 17,961,269 18,259,423 11,161,466 9,152,166 3,987,524
Tax -4,422,851 -4,537,910 -2,580,088 -2,015,069 -939,383
2018 2019 2020 2021 2022
106,742 106,055
92,425
Net Cash - Operating 20,193,483 17,145,967 11,953,039 10,302,406 -586,178
Net Cash - Investing 333,591 -56,710 -863,728 334,448 -286,011
Net Increase/Decrease in C&CE 8,014,702 3,304,256 -3,016,386 2,039,347 -8,228,284 53,505
C&CE, end of period 15,516,439 18,820,695 15,804,309 17,843,656 9,615,372
Current Ratio (%) 4.30 3.28 2.45 1.88 1.97
DAR (x) 0.24 0.30 0.39 0.45 0.42
DER (x) 0.32 0.43 0.64 0.82 0.71
EPS (IDR) 111.96 120.77 89.69 62.11 55.59 2018 2019 2020 2021 2022
PER (x) 33.14 17.39 16.78 15.54 17.54

PBV (x) 15.56 12.09 8.08 6.00 4.52
ROA (%) 29.05 26.96 17.28 13.44 7.17
ROE (%) 38.29 38.46 28.38 24.45 12.28 13,538 13,722
GPM (%) 23.88 24.63 20.31 17.11 14.92

OPM (%) 15.82 16.10 11.25 8.68 7.13
NPM (%) 12.68 12.94 9.28 7.22 5.70 8,581
DPS (IDR) 107.30 117.20 119.80 145.60 63.30 7,137
DPR (%) 95.84 97.04 133.58 234.40 113.88
Dividend Yield (%) 2.27 3.16 5.70 9.67 6.56
3,048
2018 2019 2020 2021 2022

HRUM
Harum Energy Tbk.

HRUM Harum Energy Tbk.

Date: 29 Jul 2022 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, trading and services through subsidiaries. The company's President PT Ciptadana
Director and President Commisioner are Ray Antonio Gunara and Lawrence 12 Oct 1995 06 Oct 2010 5,200 Securities
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 9 subsidiaries. One of the biggest subsidiaries is PT Tanito Harum Nickel.
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=HRUM

Domestic 30,544.5 43,141.6
Year 2021 YTD 2022
Total 34,384.5 51,617.4
Fundamental & ESG
YTD 2022
14.65x 2.33x 45.68 Severe
D 18,215.0 3,160.8 21,375.8
43.5 390.0
Buy

D 13,569.0 1,681.5 15,250.5 "Foreign Buy-Domestic Sell" minus "Foreign Sell- HRUM Sector PER Market PER
Domestic Buy".
10.62x 13.92x

2022 F - Rp15.02 15-Jun-22 16-Jun-22 28-Jun-22 2022 SS 02-Jun-22 11,875 5:1 2,380 0.200
2021 F - Rp39.58 17-Jun-21 18-Jun-21 09-Jul-21 - - - - - - -
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. 24,940.89 06/30/22 16,052,357 12,824,300 3,228,057 5,617,325 2,733,841
2. DSSA Dian Swastatika Sentosa Tbk 25,428.23 06/30/22 97,070,647 42,073,368 54,997,279 38,599,389 7,759,789
3. MCOL Prima Andalan Mandiri Tbk. 25,066.70 06/30/22 9,693,091 7,130,237 2,562,854 7,365,906 2,842,317
4. BUMI Bumi Resources Tbk. 15,247.52 06/30/22 66,384,231 13,209,056 53,175,176 14,416,028 2,655,573
5. INDY Indika Energy Tbk. 13,911.21 06/30/22 59,076,662 17,361,678 41,714,985 28,856,007 3,401,125
1. HRUM Harum Energy Tbk. 14.65 2.33 17.03 84.69 0.80 3.97
2. DSSA Dian Swastatika Sentosa Tbk 11.69 0.81 7.99 14.11 0.43 0.77
3. MCOL Prima Andalan Mandiri Tbk. 4.38 3.52 29.32 110.90 0.74 2.78
4. BUMI Bumi Resources Tbk. 4.78 1.41 4.00 4.99 0.20 0.25
5. INDY Indika Energy Tbk. 6.83 0.97 5.76 8.15 0.29 0.42


Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 HRUM*
59.05%
IHSG
14.02%
LQ45
17.89%
Sector**
Highest 5,800 9,300 8,725 9,800 11,000 11,600 12,400 13,750 14,075 11,875 2,410 1,845
Lowest 4,800 4,850 7,575 7,450 9,575 10,000 9,950 10,400 10,550 10,000 1,545 1,360
Close 4,850 9,300 7,625 9,200 10,325 10,625 12,275 10,700 11,525 11,875 1,545 1,845
Adj. Close* 4,850 9,300 7,625 9,200 10,325 10,625 12,275 10,700 11,525 11,875 7,725 9,225
Growth (%) 91.75% -18.01% 20.66% 12.23% 2.91% 15.53% -12.83% 7.71% 3.04% -34.95% 19.42%
Volume (mill.) 58 368 217 272 369 347 236 338 385 335 1,974 2,250
Value (bill.) 298 2,533 1,773 2,395 3,839 3,715 2,534 3,890 4,801 3,629 3,735 3,505
Frequency (th.) 35 89 128 177 179 171 114 177 212 183 303 258
Days 20 22 20 22 22 21 18 20 18 20 20 20
Lowest 1,965 1,365 1,255 1,080 2,960
Close 2,050 1,400 1,320 2,980 10,325 1. HRUM -13.2% -10.7% 60.4% 596.2% 345.7%
Adj. Close* 410 280 264 596 2,065 2. DSSA -28.3% -32.7% 151.0% 94.7% 175.0%
Growth (%) -31.71% -5.71% 125.76% 246.48% 3. MCOL 94.2% 90.5% n.a. n.a. n.a.
4. BUMI 48.7% 68.7% 98.2% 4.6% -67.5%
Shares Traded 2017 2018 2019 2020 2021 5. INDY 27.8% 72.8% 94.9% 79.8% 212.3%
Volume 1,217 1,121 755 737 2,450
Value 2,793 2,979 1,149 1,620 17,192 Note:
Index Membership

1. COMPOSITE 11. JII70 21.
2. IDX30 12. KOMPAS100 22.
3. IDX80 13. LQ45 23.
4. IDXENERGY 14. MBX 24.
5. IDXG30 15. MNC36 25.
6. IDXQ30 16. PEFINDO25 26.
9. ISSI 19. 29.
10. JII 20. 30.


Date: 29 Jul 2022 v2.0.0

18
Current Assets 4,519,092 4,021,597 3,518,574 3,533,173 5,289,540
- - - - - - 16
Fixed Asset 1,194,760 1,044,602 951,005 838,263 810,519 14

- - - - - - 12
Total Assets 6,805,499 6,233,442 7,034,195 12,479,976 16,052,357
10
Trade Payable 603,648 251,816 70,853 247,398 512,530
8
Curr. Maturities - Bank Loans - - - 237,722 810,697
- - - - - - 6
- - - - - - 4
Current Liabilities 991,086 436,068 349,262 1,149,761 2,326,643 2

Long-term Bank Loans - - - 1,177,942 - -
- - - - - - 2018 2019 2020 2021 2022
- - - - - -
Total Liabilities 1,156,124 661,250 619,288 3,195,555 3,228,057
Common Stocks 419,932 402,692 407,312 412,048 429,750
12,824
Par Value 100 100 100 100 20
Total Equity 5,649,375 5,572,192 6,414,906 9,284,421 12,824,300
5,649 5,572
Revenues 4,896,405 3,661,827 2,226,038 4,796,888 5,617,325
Gross Profit 1,475,713 941,694 609,859 2,492,144 3,638,453
Operating Profit/Loss 742,218 331,398 86,765 1,886,645 2,982,122
Finance Costs -31,449 -22,572 -25,680 -44,242 -27,288
EBT 700,800 357,381 905,138 1,819,889 3,388,527
Tax -116,133 -76,771 -54,714 -415,054 -654,685
2018 2019 2020 2021 2022
Profit/Loss for the period 584,667 280,610 850,423 1,402,451 2,733,841
Profit/Loss Period Attributable 462,570 258,042 832,263 1,057,857 2,172,580
Comprehensive Income 606,620 285,528 849,794 1,413,996 2,716,727 Total Revenue (Bill. Rp)
Comprehensive Attributable 483,304 265,231 832,436 1,066,221 2,161,341 5,617
Net Cash - Operating 362,158 329,127 673,438 1,847,978 2,405,827
Net Cash - Investing -178,230 -61,791 -825,609 -3,927,244 -1,232,950 3,662
Net Cash - Financing -909,735 -126,754 -64,940 1,197,787 -261,731
Net Increase/Decrease in C&CE -725,807 140,582 -217,111 -881,480 911,145
C&CE, end of period 3,147,500 3,158,866 2,977,998 2,131,144 3,133,843 2,226
Current Ratio (%) 4.56 9.22 10.07 3.07 2.27
DAR (x) 0.17 0.11 0.09 0.26 0.20
DER (x) 0.20 0.12 0.10 0.34 0.25
EPS (IDR) 189.55 129.70 153.33 364.65 125.95 2018 2019 2020 2021 2022
PER (x) 7.39 10.18 19.43 28.32 12.27

BV (IDR) 2,090 2,061 2,373 3,434 949 Profit/Loss for the Period (Bill. Rp)
PBV (x) 0.98 0.68 0.56 0.87 10.88
ROA (%) 8.59 4.50 12.09 11.24 17.03 2,734
ROE (%) 10.35 5.04 13.26 15.11 21.32
GPM (%) 30.14 25.72 27.40 51.95 64.77
OPM (%) 15.16 9.05 3.90 39.33 53.09
NPM (%) 11.94 7.66 38.20 29.24 48.67
DPS (IDR) 248.58 38.96 0.00 79.16 15.02 1,402
DPR (%) 131.14 30.04 0.00 21.71 11.93

850
Dividend Yield (%) 12.13 2.78 0.00 2.66 0.15
585
2018 2019 2020 2021 2022

ICBP
Indofood CBP Sukses Makmur Tbk.

ICBP Indofood CBP Sukses Makmur Tbk.

Date: 29 Jul 2022 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 PT Kim Eng
Commisioner are Anthoni Salim and Franciscus Welirang. The largest 02 Sep 2009 07 Oct 2010 5,395 Securities
shareholder of the company is PT INDOFOOD SUKSES MAKMUR Tbk
has 10 subsidiaries. One of the biggest subsidiaries is Pinehill Company Limited
and Subsidiaries. Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=ICBP

Domestic 18,044.5 13,501.7
59% Institution 40.65% 52.84%
66%
Foreign 12,674.4 6,987.3 D Consumer Non-Cyclicals D22 Processed Foods
41% Individual 0.86% 0.44%
34%
Others 26.52% 24.94% D2 Food & Beverage D222 Processed Foods
Year 2021 YTD 2022
Total 30,718.9 20,488.9
Fundamental & ESG
YTD 2022
15.61x 1.80x 42.09 Severe
D 4,601.3 1,885.5 6,486.7
201.8 528.2
Buy

D 5,326.2 3,595.2 8,921.4 "Foreign Buy-Domestic Sell" minus "Foreign Sell- ICBP Sector PER Market PER
Domestic Buy".
13.16x 13.92x

2021 F - Rp215.00 07-Sep-21 08-Sep-21 28-Sep-21 2016 SS 27-Jul-16 17,900 2:1 8,950 0.500
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 - - - - - - -
2018 I - Rp58.00 06-Nov-18 08-Nov-18 28-Nov-18 - - - - - - -
Industry Peers
1. ICBP Indofood CBP Sukses 102,916.34 06/30/22 113,360,050 56,797,813 56,562,237 32,593,292 2,411,817
2. INDF Indofood Sukses Makmur 59,706.90 06/30/22 179,166,046 91,024,499 88,141,547 52,787,329 4,162,026
3. MYOR Mayora Indah Tbk. 39,351.31 06/30/22 22,102,517 11,988,245 10,114,273 14,375,444 668,533
4. GOOD Garudafood Putra Putri Jaya 19,740.38 06/30/22 6,658,773 3,032,215 3,626,557 5,181,561 213,613
5. STTP Siantar Top Tbk. 10,480.00 06/30/22 4,098,075 3,540,814 557,260 2,242,414 255,854
1. ICBP Indofood CBP Sukses Makmur Tbk. 15.61 1.80 2.13 4.26 0.50 1.00
2. INDF Indofood Sukses Makmur Tbk. 7.22 0.65 2.32 4.72 0.51 1.03
3. MYOR Mayora Indah Tbk. 43.28 3.28 3.02 6.61 0.54 1.19
4. GOOD Garudafood Putra Putri Jaya Tbk. 49.94 6.76 3.21 5.89 0.46 0.84
5. STTP Siantar Top Tbk. 17.19 2.96 6.24 45.91 0.86 6.35


Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 ICBP*
8.62%
IHSG
14.02%
LQ45
17.89%
Sector**
Highest 8,600 8,525 9,325 9,075 8,950 8,875 8,700 8,250 7,625 8,625 9,550 9,500
Lowest 8,050 8,125 8,325 8,450 8,650 8,525 8,500 7,250 7,100 7,400 8,500 8,825
Close 8,425 8,350 8,800 8,450 8,700 8,725 8,500 7,350 7,625 8,575 9,550 8,825
Adj. Close* 8,425 8,350 8,800 8,450 8,700 8,725 8,500 7,350 7,625 8,575 9,550 8,825
Growth (%) -0.89% 5.39% -3.98% 2.96% 0.29% -2.58% -13.53% 3.74% 12.46% 11.37% -7.59%
Volume (mill.) 94 93 185 113 111 89 126 285 168 173 220 172
Value (bill.) 775 770 1,655 1,000 970 777 1,079 2,180 1,246 1,396 1,980 1,586
Frequency (th.) 73 52 94 57 53 49 57 162 91 95 104 72
Days 20 22 20 22 22 21 19 19 20 18 19 20
Price (IDR) 2017 2018 2019 2020 2021 Industry: Processed Foods
Lowest 8,100 8,000 8,975 8,150 7,750
Close 8,900 10,450 11,150 9,575 8,700 1. ICBP 1.1% 1.4% 8.6% -17.5% 2.3%
Adj. Close* 8,900 10,450 11,150 9,575 8,700 2. INDF 7.5% 7.5% 11.9% -3.9% -19.8%
Growth (%) 17.42% 6.70% -14.13% -9.14% 3. MYOR -6.1% -13.7% -20.0% -29.3% -18.1%
4. GOOD 7.0% 1.9% 45.4% 64.1% n.a.
Shares Traded 2017 2018 2019 2020 2021 5. STTP 6.3% 6.0% -0.3% 158.1% 115.6%
Volume 1,298 1,255 1,642 2,539 1,749
Value 11,158 11,168 17,379 24,543 15,359 Note:
Index Membership

4. IDX30 14. MNC36 24.
5. IDX80 15. 25.
7. Investor33 17. 27.
8. ISSI 18. 28.
9. JII 19. 29.
10. JII70 20. 30.


Date: 29 Jul 2022 v2.0.0

140
Current Assets 14,121,568 16,624,925 20,716,223 33,997,637 29,413,778
- - - - - - 120
Fixed Asset 10,741,622 11,342,412 13,351,296 14,175,833 14,217,945
100
- - - - - -
Total Assets 34,367,153 38,709,314 103,588,325 118,066,628 113,360,050 80
Trade Payable 2,956,189 2,635,433 3,045,111 3,585,935 4,699,265
60
- - - - - - 40
- - - - - -
Long-term Bank Loans 667,099 1,694,785 30,772,817 1,779,157 1,793,030 -

Long-term Bonds Payable - - - 38,951,532 40,543,623 2018 2019 2020 2021 2022
- - - - - -
Common Stocks 583,095 583,095 583,095 583,095 583,095 56,798
54,724
50,318
Par Value 50 50 50 50 50
Total Equity 22,707,150 26,671,104 50,318,053 54,723,863 56,797,813
Revenues 38,413,407 42,296,703 46,641,048 56,803,733 32,593,292 22,707
Gross Profit 12,265,550 14,404,013 17,224,375 20,277,240 10,402,051

Finance Costs -225,568 -161,444 -670,545 -1,965,784 -2,679,756
EBT 6,446,785 7,436,972 9,958,647 9,935,232 3,334,688
Tax -1,788,004 -2,076,943 -2,540,073 -2,034,950 -922,871
2018 2019 2020 2021 2022
46,641
Net Cash - Investing -4,712,882 -2,399,814 -34,957,389 -3,100,274 -710,176 38,413
Net Cash - Financing -4,242,099 -1,266,076 26,758,085 5,905,745 -9,879,601 32,593

Net Increase/Decrease in C&CE -4,301,606 3,732,271 1,137,476 10,794,510 -8,040,325
C&CE, end of period 4,703,806 8,340,556 9,527,917 20,377,977 13,016,796
Current Ratio (%) 1.95 2.54 2.26 1.80 2.78
DAR (x) 0.34 0.31 0.51 0.54 0.50
DER (x) 0.51 0.45 1.06 1.16 1.00
EPS (IDR) 363.56 426.73 438.69 651.15 565.31 2018 2019 2020 2021 2022
PER (x) 28.74 26.13 21.83 13.36 16.89

PBV (x) 4.57 4.57 2.58 2.04 1.79
ROA (%) 13.56 13.85 7.16 6.69 2.13
7,900
ROE (%) 20.52 20.10 14.74 14.44 4.25 7,419
GPM (%) 31.93 34.05 36.93 35.70 31.91
OPM (%) 15.03 17.21 19.55 20.31 16.89
5,360
NPM (%) 12.13 12.67 15.91 13.91 7.40 4,659
DPS (IDR) 220.00 137.00 215.00 430.00 0.00
DPR (%) 60.51 32.10 49.01 66.04 0.00
Dividend Yield (%) 2.47 1.31 1.93 4.49 0.00 2,412
2018 2019 2020 2021 2022

INCO
Vale Indonesia Tbk.

INCO Vale Indonesia Tbk.

Date: 29 Jul 2022 v2.0.0

PT Vale Indonesia 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 Febriany Eddy PT Danareksa
and Deshnee Naido. The largest shareholder of the company is Vale Canada 25 Jul 1968 16 May 1990 9,800 Sekuritas
Limited (43.79%). The percentage of public shareholding (<5%) is 21.18%.
Stock Overview
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=INCO

Domestic 48,381.8 32,295.3
56% Institution 22.11% 32.74%
44% Individual 2.62% 1.02%
Year 2021 YTD 2022
Total 62,682.2 58,016.3
Fundamental & ESG
YTD 2022
16.16x 1.77x 31.55 High
D 9,841.7 5,552.0 15,393.7
732.3 1,507.9
Buy

D 18,763.1 5,061.6 23,824.7 "Foreign Buy-Domestic Sell" minus "Foreign Sell- INCO Sector PER Market PER
Domestic Buy".
11.79x 13.92x

2021 F - $0.00033 10-May-21 11-May-21 28-May-21 2008 SS 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 SS 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
4. TINS Timah Tbk. 10,873.72 06/30/22 14,375,636 7,051,694 7,323,942 7,478,785 1,082,074
4. TINS Timah Tbk. 5.74 1.55 7.53 14.77 0.49 0.96


Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 INCO*
12.96%
IHSG
14.02%
LQ45
17.89%
Sector**
Highest 5,400 5,150 5,125 4,930 4,800 5,025 5,400 6,850 8,675 8,225 7,925 6,175
Lowest 4,890 4,590 4,520 4,720 4,510 4,250 4,650 5,250 6,825 6,650 5,650 4,770
Close 5,075 4,590 4,850 4,790 4,680 4,710 5,400 6,700 7,300 8,225 5,650 6,100
Adj. Close* 5,075 4,590 4,850 4,790 4,680 4,710 5,400 6,700 7,300 8,225 5,650 6,100
Growth (%) -9.56% 5.66% -1.24% -2.30% 0.64% 14.65% 24.07% 8.96% 12.67% -31.31% 7.96%
Volume (mill.) 237 252 453 184 113 437 363 944 735 868 695 460
Value (bill.) 1,192 1,233 2,211 889 531 2,112 1,782 5,807 5,564 6,614 4,640 2,488
Frequency (th.) 57 114 153 68 44 96 91 240 230 194 183 126
Days 20 22 20 22 22 21 18 20 20 19 20 20
Lowest 1,885 2,750 2,470 1,440 4,150
Close 2,890 3,260 3,640 5,100 4,680 1. INCO 29.5% 30.3% 10.9% 101.3% 223.6%
Adj. Close* 2,890 3,260 3,640 5,100 4,680 2. ANTM 10.5% -13.1% -22.4% 109.1% 220.5%
Growth (%) 12.80% 11.66% 40.11% -8.24% 3. BRMS 68.3% 101.7% 162.6% 436.6% 300.4%
4. TINS 5.8% 0.3% -12.3% 41.1% 74.9%
Shares Traded 2017 2018 2019 2020 2021 5. IFSH -24.7% -43.0% 8.0% n.a. n.a.
Volume 3,606 2,910 4,276 5,760 5,904
Value 9,303 10,068 14,815 19,070 31,341 Note:
Index Membership

1. BISNIS-27 11. JII70 21.
5. IDX30 15. MNC36 25.
6. IDX80 16. SRI-KEHATI 26.
7. IDXBASIC 17. 27.
8. Investor33 18. 28.
9. ISSI 19. 29.
10. JII 20. 30.


Date: 29 Jul 2022 v2.0.0

Trade receivables 1,806,814 1,496,229 846,864 1,455,253 1,448,584 Total Asset & Liabilities (Bill. Rp)
45
Current Assets 9,175,973 8,204,025 9,816,685 11,937,103 14,444,901
- - - - - - 40
Fixed Asset 20,860,644 20,463,758 20,863,354 21,674,083 22,580,027 35

- - - - - - 30
Total Assets 32,028,057 30,995,384 32,648,251 35,284,783 38,949,394
25
Trade Payable 1,325,954 1,358,355 1,595,205 1,744,300 1,877,736
20
Curr. Maturities - Bank Loans 531,059 - - - -
- - - - - - 15
- - - - - - 10

- - - - - - -
- - - - - - 2018 2019 2020 2021 2022
- - - - - -
Common Stocks 1,983,718 1,902,279 1,924,105 1,946,477 2,030,098
Par Value 25 25 25 25 25 30,742
27,393 27,077
Total Equity 27,393,158 27,076,909 28,497,573 30,742,004 34,301,760
Revenues 11,297,680 10,905,157 10,786,714 13,600,840 8,401,425
Gross Profit 1,512,383 1,623,951 1,754,366 3,358,409 3,098,775
Finance Costs -98,726 -54,553 -51,921 -72,672 -32,681
EBT 1,201,416 1,243,002 1,476,018 3,148,384 2,906,901
Tax -321,451 -442,559 -307,856 -782,626 -667,830
2018 2019 2020 2021 2022
Profit/Loss for the period 879,966 800,443 1,168,162 2,365,757 2,239,071
Profit/Loss Period Attributable 879,966 800,443 1,168,162 2,365,757 2,239,071
Comprehensive Income 935,923 808,336 1,109,852 2,385,791 2,239,071 Total Revenue (Bill. Rp)
Comprehensive Attributable 935,923 808,336 1,109,852 2,385,791 2,239,071
13,601
10,905 10,787
Net Cash - Financing -587,919 -340,132 -23,640 -492,523 -9,539 8,401
Net Increase/Decrease in C&CE 1,165,483 -732,126 1,972,782 1,710,639 1,174,026
C&CE, end of period 4,379,367 3,472,793 5,482,360 7,253,318 8,719,661
Current Ratio (%) 3.60 4.31 4.33 4.97 5.68
DAR (x) 0.14 0.13 0.13 0.13 0.12
DER (x) 0.17 0.14 0.15 0.15 0.14
EPS (IDR) 88.78 5.84 195.39 179.69 286.42 2018 2019 2020 2021 2022
PER (x) 36.72 623.56 26.10 26.05 19.73

PBV (x) 1.05 1.20 1.27 1.65 1.36
ROA (%) 2.75 2.58 3.58 6.70 5.75 2,366
2,239
ROE (%) 3.21 2.96 4.10 7.70 6.53
GPM (%) 13.39 14.89 16.26 24.69 36.88
OPM (%) 11.90 13.14 15.30 24.25 35.33
NPM (%) 7.79 7.34 10.83 17.39 26.65
DPS (IDR) 0.00 0.00 0.00 52.42 0.00 1,168
DPR (%) 0.00 0.00 0.00 29.17 0.00 880

800
Dividend Yield (%) 0.00 0.00 0.00 1.03 0.00
2018 2019 2020 2021 2022

INDF
Indofood Sukses Makmur Tbk.

INDF Indofood Sukses Makmur Tbk.

Date: 29 Jul 2022 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 PT Merincorp SI
Anthoni Salim and Manuel V. 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-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=INDF

Domestic 16,856.5 10,315.3
55% 55% Institution 38.88% 46.55%
Foreign 14,055.6 8,628.2 D Consumer Non-Cyclicals D22 Processed Foods
45% 45% Individual 1.52% 2.40%
Others 22.04% 32.75% D2 Food & Beverage D222 Processed Foods
Year 2021 YTD 2022
Total 30,912.1 18,943.4
Fundamental & ESG
YTD 2022
7.22x 0.65x 45.12 Severe
D 2,882.4 1,809.7 4,692.1
-172.9 931.1
Buy

D 4,922.1 3,592.6 8,514.7 "Foreign Buy-Domestic Sell" minus "Foreign Sell- INDF Sector PER Market PER
Domestic Buy".
13.16x 13.92x

2021 F - Rp278.00 07-Sep-21 08-Sep-21 29-Sep-21 2000 SS 29-Sep-00 4,025 5:1 810 0.200
2021 F - Rp278.00 07-Sep-21 08-Sep-21 29-Sep-21 1997 RI 08-Apr-97 5,050 5:1 4,775 0.942
2020 F - Rp278.00 24-Jul-20 27-Jul-20 14-Aug-20 1996 SS 12-Aug-96 10,000 2:1 5,000 0.500
2019 F - Rp171.00 17-Jun-19 18-Jun-19 08-Jul-19 - - - - - - -
2018 I - Rp65.00 06-Nov-18 08-Nov-18 29-Nov-18 - - - - - - -
Industry Peers
1. INDF Indofood Sukses Makmur 59,706.90 06/30/22 179,166,046 91,024,499 88,141,547 52,787,329 4,162,026
2. ICBP Indofood CBP Sukses 102,916.34 06/30/22 113,360,050 56,797,813 56,562,237 32,593,292 2,411,817
3. MYOR Mayora Indah Tbk. 39,351.31 06/30/22 22,102,517 11,988,245 10,114,273 14,375,444 668,533
4. GOOD Garudafood Putra Putri Jaya 19,740.38 06/30/22 6,658,773 3,032,215 3,626,557 5,181,561 213,613
5. STTP Siantar Top Tbk. 10,480.00 06/30/22 4,098,075 3,540,814 557,260 2,242,414 255,854
1. INDF Indofood Sukses Makmur Tbk. 7.22 0.65 2.32 4.72 0.51 1.03
2. ICBP Indofood CBP Sukses Makmur Tbk. 15.61 1.80 2.13 4.26 0.50 1.00
3. MYOR Mayora Indah Tbk. 43.28 3.28 3.02 6.61 0.54 1.19
4. GOOD Garudafood Putra Putri Jaya Tbk. 49.94 6.76 3.21 5.89 0.46 0.84
5. STTP Siantar Top Tbk. 17.19 2.96 6.24 45.91 0.86 6.35


Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 INDF*
10.12%
IHSG
14.02%
LQ45
17.89%
Sector**
Highest 6,525 6,525 6,850 6,625 6,625 6,600 6,475 6,200 6,350 6,600 7,250 7,175
Lowest 6,125 6,100 6,250 6,250 6,300 6,225 6,200 5,725 6,050 6,125 6,675 6,800
Close 6,175 6,350 6,350 6,300 6,325 6,325 6,200 5,950 6,300 6,600 7,050 6,800
Adj. Close* 6,175 6,350 6,350 6,300 6,325 6,325 6,200 5,950 6,300 6,600 7,050 6,800
Growth (%) 2.83% 0.00% -0.79% 0.40% 0.00% -1.98% -4.03% 5.88% 4.76% 6.82% -3.55%
Volume (mill.) 163 157 245 246 161 153 132 284 203 204 301 191
Value (bill.) 1,018 987 1,629 1,566 1,040 981 834 1,694 1,252 1,302 2,078 1,330
Frequency (th.) 74 72 82 80 55 74 60 126 77 75 98 66
Days 20 22 20 22 22 21 20 20 21 21 20 20
Price (IDR) 2017 2018 2019 2020 2021 Industry: Processed Foods
Lowest 7,300 5,525 6,000 5,050 5,975
Close 7,625 7,450 7,925 6,850 6,325 1. INDF 7.5% 7.5% 11.9% -3.9% -19.8%
Adj. Close* 7,625 7,450 7,925 6,850 6,325 2. ICBP 1.1% 1.4% 8.6% -17.5% 2.3%
Growth (%) -2.30% 6.38% -13.56% -7.66% 3. MYOR -6.1% -13.7% -20.0% -29.3% -18.1%
4. GOOD 7.0% 1.9% 45.4% 64.1% n.a.
Shares Traded 2017 2018 2019 2020 2021 5. STTP 6.3% 6.0% -0.3% 158.1% 115.6%
Volume 2,387 6,506 2,363 3,075 2,403
Value 19,707 45,697 17,050 21,107 15,456 Note:
Frequency 537 609 738 1,256 967 Base date: 6M = Jan 31, 2022; YTD = Dec 30, 2021; 1Y = Jul 30, 2021; 3Y = Jul 31, 2019; 5Y = May 15, 2017;
Index Membership

5. IDX30 15. LQ45 25.
6. IDX80 16. MBX 26.
7. IDXHIDIV20 17. MNC36 27.
8. IDXNONCYC 18. SRI-KEHATI 28.
9. IDXV30 19. 29.
10. Investor33 20. 30.


Date: 29 Jul 2022 v2.0.0

200
Current Assets 33,272,618 31,403,445 38,418,238 54,183,399 54,158,443
180
Fixed Asset 42,388,236 43,072,504 45,862,919 46,751,821 46,433,726 160
- - - - - - 140
Total Assets 96,537,796 96,198,559 163,136,516 179,356,193 179,166,046 120
Trade Payable 4,028,945 4,521,883 4,407,555 5,157,135 6,234,679 100
Curr. Maturities - Bank Loans 2,501,023 1,016,614 912,918 2,012,532 1,368,735 80

Curr. Maturities - Bonds Payable 1,998,799 - - 1,998,992 - 60
- - - - - - 40
- - - - - -
Common Stocks 878,043 878,043 878,043 878,043 878,043
91,024
Par Value 100 100 100 100 100 79,138

Total Equity 49,916,800 54,202,488 79,138,044 86,632,111 91,024,499
54,202
49,917
Revenues 73,394,728 76,592,955 81,731,469 99,345,618 52,787,329
Gross Profit 20,212,005 22,716,361 26,752,044 32,464,061 16,303,497
Finance Costs -2,022,215 -1,727,018 -1,875,812 -2,884,772 -3,377,078
EBT 7,446,966 8,749,397 12,426,334 14,456,085 5,639,707
Tax -2,485,115 -2,846,668 -3,674,268 -3,252,500 -1,477,681
2018 2019 2020 2021 2022

81,731
Net Cash - Investing -11,223,682 -583,826 -37,636,597 -6,489,675 -1,187,025 73,395
76,593
Net Cash - Financing 48,125 -7,660,235 27,285,509 3,852,424 -7,941,012

Net Increase/Decrease in C&CE -5,239,728 5,100,433 3,504,409 12,055,390 -5,447,947 52,787
C&CE, end of period 8,786,237 13,726,510 17,329,459 29,478,126 24,794,446
Current Ratio (%) 1.07 1.27 1.37 1.34 1.69
DAR (x) 0.48 0.44 0.51 0.52 0.49
DER (x) 0.93 0.77 1.06 1.07 0.97
EPS (IDR) 422.62 555.45 584.23 923.95 942.00 2018 2019 2020 2021 2022
PER (x) 17.63 14.27 11.72 6.85 7.48

PBV (x) 1.34 1.21 0.88 0.69 0.61
ROA (%) 5.14 6.14 5.36 6.25 2.32 11,204
ROE (%) 9.94 10.89 11.06 12.93 4.57
GPM (%) 27.54 29.66 32.73 32.68 30.89 8,752
OPM (%) 10.80 12.44 15.49 17.21 15.89
NPM (%) 6.76 7.71 10.71 11.28 7.88
5,903
DPS (IDR) 302.00 171.00 278.00 556.00 0.00 4,962
DPR (%) 71.46 30.79 47.58 60.18 0.00 4,162
Dividend Yield (%) 3.96 2.30 3.51 8.12 0.00
2018 2019 2020 2021 2022

INDY
Indika Energy Tbk.

INDY Indika Energy Tbk.

Date: 29 Jul 2022 v2.0.0

PT Indika Energy Tbk. has a main business field of Mining. The company's Established Listing Date IPO Price (IDR) IPO Lead Underwriter
President Director and President Commisioner are M. Arsjad Rasjid P.M. and PT Danareksa
Agus Lasmono. The largest shareholder of the company is PT Indika Inti 19 Oct 2000 11 Jun 2008 2,950 Sekuritas
Investindo (37.79%). The percentage of public shareholding (<5%) is 33.99%.
The company has 73 subsidiaries. One of the biggest subsidiaries is PT Indika Stock Overview
Inti Corpindo.
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=INDY

Domestic 23,566.2 24,364.5
Year 2021 YTD 2022
Total 27,227.3 29,209.8
Fundamental & ESG
YTD 2022
6.83x 0.97x 34.54 High
D 10,172.4 1,816.7 11,989.1
69.5 386.3
Buy

D 10,219.3 1,529.0 11,748.4 "Foreign Buy-Domestic Sell" minus "Foreign Sell- INDY Sector PER Market PER
Domestic Buy".
10.62x 13.92x

2020 F - Rp89.63 04-May-20 05-May-20 20-May-20 - - - - - - -
2019 F - Rp108.66 07-May-19 08-May-19 29-May-19 - - - - - - -
2018 I - Rp54.43 14-Dec-18 13-Dec-18 28-Dec-18 - - - - - - -
2018 F - Rp108.05 07-May-18 09-May-18 30-May-18 - - - - - - -
2013 F - Rp35.26 15-Jul-13 17-Jul-13 31-Jul-13 - - - - - - -
Industry Peers
1. INDY Indika Energy Tbk. 13,911.21 06/30/22 59,076,662 17,361,678 41,714,985 28,856,007 3,401,125
2. HRUM Harum Energy Tbk. 24,940.89 06/30/22 16,052,357 12,824,300 3,228,057 5,617,325 2,733,841
3. BUMI Bumi Resources Tbk. 15,247.52 06/30/22 66,384,231 13,209,056 53,175,176 14,416,028 2,655,573
4. BSSR Baramulti Suksessarana Tbk. 10,570.66 06/30/22 6,252,870 4,557,591 1,695,279 6,329,143 1,912,898
5. MBAP Mitrabara Adiperdana Tbk. 9,940.90 06/30/22 4,820,400 3,976,188 844,212 3,694,010 1,662,127
1. INDY Indika Energy Tbk. 6.83 0.97 5.76 8.15 0.29 0.42
2. HRUM Harum Energy Tbk. 14.65 2.33 17.03 84.69 0.80 3.97
3. BUMI Bumi Resources Tbk. 4.78 1.41 4.00 4.99 0.20 0.25
4. BSSR Baramulti Suksessarana Tbk. 3.36 2.66 30.59 112.84 0.73 2.69
5. MBAP Mitrabara Adiperdana Tbk. 3.72 2.50 34.48 196.89 0.82 4.71


Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 INDY*
91.40%
IHSG
14.02%
LQ45
17.89%
Sector**
Highest 1,515 1,900 2,330 1,780 1,755 2,150 2,240 2,940 2,860 2,890 3,100 2,700
Lowest 1,310 1,335 1,780 1,610 1,520 1,475 1,960 2,140 2,280 2,490 2,330 2,170
Close 1,340 1,900 1,780 1,635 1,545 2,090 2,230 2,230 2,690 2,890 2,330 2,670
Adj. Close* 1,340 1,900 1,780 1,635 1,545 2,090 2,230 2,230 2,690 2,890 2,330 2,670
Growth (%) 41.79% -6.32% -8.15% -5.50% 35.28% 6.70% 0.00% 20.63% 7.43% -19.38% 14.59%
Volume (mill.) 448 1,017 1,997 833 451 1,184 1,081 1,576 851 583 600 374
Value (bill.) 630 1,667 4,190 1,423 754 2,211 2,012 3,979 2,252 1,574 1,674 902
Frequency (th.) 82 166 317 144 97 244 187 325 178 126 142 75
Days 20 22 20 22 22 21 15 19 18 18 19 18
Lowest 685 1,580 1,075 390 1,265
Close 3,060 1,585 1,195 1,730 1,545 1. INDY 27.8% 72.8% 94.9% 79.8% 212.3%
Adj. Close* 3,060 1,585 1,195 1,730 1,545 2. HRUM -13.2% -10.7% 60.4% 596.2% 345.7%
Growth (%) -48.20% -24.61% 44.77% -10.69% 3. BUMI 48.7% 68.7% 98.2% 4.6% -67.5%
4. BSSR 22.8% -1.2% 139.1% 145.6% 199.3%
Shares Traded 2017 2018 2019 2020 2021 5. MBAP 131.4% 125.0% 166.4% 273.3% 237.5%
Volume 14,211 4,521 3,821 4,897 7,944
Value 15,351 15,241 6,478 5,784 13,614 Note:
Index Membership
No. Index Code

2. IDX80 12. 22.
3. IDXENERGY 13. 23.
4. IDXG30 14. 24.
7. IDXV30 17. 27.
8. KOMPAS100 18. 28.
9. LQ45 19. 29.
10. MBX 20. 30.


Date: 29 Jul 2022 v2.0.0

Inventories 1,062,728 671,567 588,979 624,127 814,622 Asset Liabilities
70
Current Assets 21,228,749 19,961,247 19,663,988 29,850,040 34,483,430
- - - - - - 60
Fixed Asset 9,117,131 9,520,084 8,660,334 3,414,985 3,437,224
50
- - - - - -
Total Assets 53,368,452 50,427,394 49,278,679 52,673,687 59,076,662 40
Trade Payable 3,987,685 4,700,967 4,731,043 4,246,283 4,443,584
30
Curr. Maturities - Bank Loans 315,116 1,164,509 1,249,417 963,158 756,006
Curr. Maturities - Bonds Payable 332,687 220,190 210,647 221,925 231,459 20
- - - - - -

- - - - - -
Common Stocks 827,326 793,361 802,464 811,794 846,669
16,392
Par Value 100 100 100 100 100
14,583
12,610
Total Equity 16,391,511 14,583,321 12,233,230 12,609,710 17,361,678 12,233
Revenues 43,085,923 38,804,423 29,299,080 43,793,860 28,856,007
Gross Profit 9,324,553 5,950,352 3,580,957 13,100,680 9,954,080
Finance Costs -1,453,992 -1,526,639 -1,685,678 -1,496,249 -790,928
EBT 3,854,741 754,908 -1,398,894 7,164,572 6,751,715
Tax -2,431,629 -685,289 -60,237 -4,204,927 -3,350,591
2018 2019 2020 2021 2022
Profit/Loss for the period 1,423,112 69,619 -1,459,131 903,465 3,401,125
Profit/Loss Period Attributable 1,164,343 -253,243 -1,657,936 823,600 2,986,088
Comprehensive Income 1,428,265 -229,750 -1,838,451 1,287,223 3,996,431 Total Revenue (Bill. Rp)
Comprehensive Attributable 1,198,576 -311,878 -1,853,989 1,110,341 3,170,791
43,086 43,794
38,804
29,299 28,856
Net Cash - Financing -1,795,526 -453,850 1,017,032 -1,858,354 308,419
Net Increase/Decrease in C&CE -91,456 -639,840 1,167,951 3,106,520 1,056,371
C&CE, end of period 8,914,940 7,929,597 9,185,079 12,376,999 13,815,633
Current Ratio (%) 2.18 2.01 1.97 1.84 2.08
DAR (x) 0.69 0.71 0.75 0.76 0.71
DER (x) 2.26 2.46 3.03 3.18 2.40
EPS (IDR) 982.90 -121.36 -175.50 -184.24 391.04 2018 2019 2020 2021 2022
PER (x) 1.61 -9.85 -9.86 -8.39 5.96

PBV (x) 0.97 0.57 0.51 0.71 0.46
ROA (%) 2.67 0.14 -2.96 1.72 5.76
3,401
ROE (%) 8.68 0.48 -11.93 7.16 19.59
GPM (%) 21.64 15.33 12.22 29.91 34.50
OPM (%) 17.15 10.40 5.58 25.18 29.72
1,423
NPM (%) 3.30 0.18 -4.98 2.06 11.79
903
DPS (IDR) 162.48 108.66 89.63 0.00 0.00
DPR (%) 16.53 n.a. n.a. 0.00 0.00 70
Dividend Yield (%) 5.31 6.86 7.50 0.00 0.00
-1,459
2018 2019 2020 2021 2022

INKP
Indah Kiat Pulp & Paper Tbk.

INKP Indah Kiat Pulp & Paper Tbk.

Date: 29 Jul 2022 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 PT 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%. The company has 12 subsidiaries. One of the biggest subsidiaries is Stock Overview
Imperial Investment Limited.
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=INKP

Domestic 32,743.1 11,299.5
71% 73%
Foreign 13,324.6 4,161.0 B Basic Materials B15 Forestry & Paper
Others 17.56% 24.35% B1 Basic Materials B152 Paper
Year 2021 YTD 2022
Total 46,067.8 15,460.5
Fundamental & ESG
YTD 2022
5.18x 0.59x 28.55 Medium
D 4,171.5 1,408.0 5,579.4
-111.5 140.6
Buy

D 11,922.5 4,504.8 16,427.3 "Foreign Buy-Domestic Sell" minus "Foreign Sell- INKP Sector PER Market PER
Domestic Buy".
11.79x 13.92x

2022 F - Rp50.00 21-Jun-22 22-Jun-22 14-Jul-22 1997 RI 27-Jun-97 1,775 50:45 1,410 0.793
2021 F - Rp50.00 06-Sep-21 07-Sep-21 29-Sep-21 1996 - 26-Aug-96 2,225 0.08:0.13 1,840 0.826
2021 F - Rp50.00 06-Sep-21 07-Sep-21 29-Sep-21 1996 RI 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. 41,579.47 06/30/22 137,846,787 76,427,434 61,419,353 28,886,751 5,881,798
2. TKIM Pabrik Kertas Tjiwi Kimia 19,846.80 06/30/22 48,764,846 28,561,534 20,203,312 8,947,148 2,496,039
3. INRU Toba Pulp Lestari Tbk. 798.61 06/30/22 7,112,272 2,377,876 4,734,396 1,184,994 65,302
4. KBRI Kertas Basuki Rachmat 434.40 12/31/18 1,058,928 169,689 889,239 2,871 -124,768
5. SWAT Sriwahana Adityakarta Tbk. 253.61 06/30/22 715,703 285,580 430,122 165,293 -819
1. INKP Indah Kiat Pulp & Paper Tbk. 5.18 0.59 4.27 9.58 0.55 1.24
2. TKIM Pabrik Kertas Tjiwi Kimia Tbk. 5.63 0.76 5.12 12.35 0.59 1.41
3. INRU Toba Pulp Lestari Tbk. 27.45 0.35 0.92 1.38 0.33 0.50
4. KBRI Kertas Basuki Rachmat Indonesia NA 3.20 -11.78 -14.03 0.16 0.19
5. SWAT Sriwahana Adityakarta Tbk. -3.45 0.89 -0.11 -0.19 0.40 0.66


Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 INKP*
10.95%
IHSG
14.02%
LQ45
17.89%
Sector**
Highest 7,900 8,575 9,175 8,700 8,200 8,500 8,250 8,450 8,100 8,250 8,425 7,800
Lowest 6,250 7,025 8,275 7,550 7,400 7,500 7,525 7,675 7,400 7,275 7,600 7,275
Close 7,900 8,575 8,475 7,550 7,825 7,600 8,075 7,900 7,575 8,250 7,600 7,600
Adj. Close* 7,900 8,575 8,475 7,550 7,825 7,600 8,075 7,900 7,575 8,250 7,600 7,600
Growth (%) 8.54% -1.17% -10.91% 3.64% -2.88% 6.25% -2.17% -4.11% 8.91% -7.88% 0.00%
Volume (mill.) 223 263 226 175 137 155 139 186 124 133 146 96
Value (bill.) 1,544 2,032 1,978 1,466 1,076 1,247 1,089 1,499 955 1,033 1,182 725
Frequency (th.) 105 141 141 101 81 95 77 112 73 70 77 42
Days 20 22 20 22 22 21 19 20 20 20 20 19
Price (IDR) 2017 2018 2019 2020 2021 Industry: Paper

Lowest 955 5,500 5,500 3,100 6,250
Close 5,400 11,550 7,700 10,425 7,825 1. INKP 0.0% -2.9% 11.8% 1.7% 218.0%
Adj. Close* 5,400 11,550 7,700 10,425 7,825 2. TKIM -9.3% -15.3% -6.6% -46.9% 365.3%
Growth (%) 113.89% -33.33% 35.39% -24.94% 3. INRU -20.1% -17.3% -14.8% -3.4% 33.1%
4. KBRI 0.0% 0.0% 0.0% 0.0% 0.0%
Shares Traded 2017 2018 2019 2020 2021 5. SWAT -39.1% -54.1% 13.5% -27.0% n.a.
Volume 2,191 3,204 2,605 2,512 2,376
Value 6,688 45,563 21,602 19,281 23,034 Note:
Index Membership

1. BISNIS-27 11. IDXV30 21.
3. ESGQKEHATI 13. JII 23.
4. ESGSKEHATI 14. JII70 24.
6. IDX30 16. LQ45 26.
7. IDX80 17. MBX 27.
8. IDXBASIC 18. MNC36 28.


Date: 29 Jul 2022 v2.0.0

160
Current Assets 60,939,909 58,775,065 61,238,169 67,094,664 75,245,133
- - - - - - 140
Fixed Asset 57,202,484 50,960,803 49,385,851 49,451,217 50,337,904 120

- - - - - -
100
Total Assets 127,257,231 118,561,087 119,839,987 128,113,432 137,846,787
Trade Payable 1,893,499 2,472,602 2,761,026 3,307,568 3,654,736 80
Curr. Maturities - Bank Loans 3,070,456 2,911,116 3,403,734 3,926,501 3,889,961 60

Curr. Maturities - Bonds Payable - - 1,925,742 3,378,243 3,897,149
40
Curr. Maturities - Sukuk - - - 687,195 1,392,315
Long-term Bonds Payable - - 4,821,145 10,635,456 11,095,022 2018 2019 2020 2021 2022
Long-term Sukuk - - - 1,051,625 1,614,548
Common Stocks 31,832,671 30,525,828 30,876,071 31,235,069 32,576,936
Par Value 1,000 1,000 1,000 1,000 1,000 67,902
Total Equity 54,845,618 55,859,166 59,941,158 67,902,033 76,427,434 54,846 55,859
Revenues 48,503,983 44,946,869 42,117,995 50,178,166 28,886,751
Gross Profit 17,504,642 12,220,045 12,168,482 17,527,983 11,130,501
Finance Costs -2,688,031 -2,804,744 -2,936,661 -3,590,280 -1,840,070
EBT 10,699,349 5,548,674 5,408,379 9,455,139 7,205,224
Tax -2,145,658 -1,722,305 -1,260,931 -1,934,819 -1,323,426
2018 2019 2020 2021 2022
50,178

42,118
Net Cash - Investing -10,916,418 763,196 -2,266,631 -5,711,681 -1,050,580
Net Cash - Financing 5,059,322 -7,830,341 -3,806,446 -1,306,199 -1,459,820
28,887
Net Increase/Decrease in C&CE 2,061,416 249,880 1,598,407 2,665,991 -1,073,945
C&CE, end of period 10,997,475 10,790,153 12,282,507 15,117,392 14,743,895
Current Ratio (%) 2.41 2.30 2.26 2.08 2.18
DAR (x) 0.57 0.53 0.50 0.47 0.45
DER (x) 1.32 1.12 1.00 0.89 0.80
EPS (IDR) 1,722.91 771.48 866.44 997.39 1,466.80 2018 2019 2020 2021 2022
PER (x) 6.70 9.98 12.03 7.85 5.18

PBV (x) 0.54 1.13 0.70 0.84 0.56
ROA (%) 6.72 3.23 3.46 5.87 4.27 8,554
ROE (%) 15.60 6.85 6.92 11.08 7.70 7,520

GPM (%) 36.09 27.19 28.89 34.93 38.53
OPM (%) 26.80 17.39 17.79 24.43 27.25 5,882
NPM (%) 17.64 8.51 9.85 14.99 20.36

DPS (IDR) 100.00 100.00 50.00 100.00 50.00 4,147
3,826
DPR (%) 5.80 12.96 5.77 10.03 3.41
Dividend Yield (%) 1.85 0.87 0.65 0.96 0.64
2018 2019 2020 2021 2022

INTP
Indocement Tunggal Prakarsa Tbk.

INTP Indocement Tunggal Prakarsa Tbk.

Date: 29 Jul 2022 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 PT (Persero)
Christian Kartawijaya and Kevin Gerard Gluskie. The largest shareholder of the 16 Jan 1985 05 Dec 1989 10,000 Danareksa
company is Birchwood Omnia Ltd. (51.00%). The percentage of public
biggest subsidiaries is PT Dian Abadi Perkasa.
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=INTP

Domestic 13,916.9 7,364.7
52% 51% Institution 52.83% 52.23%
Foreign 13,042.1 6,941.0 B Basic Materials B12 Construction Materials
48% 49% Individual 0.21% 0.13%
Others 16.87% 22.51% B1 Basic Materials B121 Construction Materials
Year 2021 YTD 2022
Total 26,959.0 14,305.6
Fundamental & ESG
YTD 2022
21.14x 1.67x 29.76 Medium
D 2,135.0 1,919.7 4,054.8
-1,472.9 -744.9
Buy

D 3,520.6 4,174.3 7,694.9 "Foreign Buy-Domestic Sell" minus "Foreign Sell- INTP Sector PER Market PER
Domestic Buy".
11.79x 13.92x

2022 F - Rp500.00 07-Jun-22 08-Jun-22 24-Jun-22 1996 SS 02-Sep-96 6,800 2:1 3,400 0.500
2021 F - Rp500.00 19-Jul-21 21-Jul-21 10-Aug-21 - - - - - - -
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 34,235.45 06/30/22 23,454,801 18,322,629 5,132,172 6,911,076 291,548
2. BEBS Berkah Beton Sadaya Tbk. 42,030.00 06/30/22 813,466 730,950 82,516 345,804 82,217
3. SMGR Semen Indonesia (Persero) 38,703.17 06/30/22 73,409,919 40,034,041 33,375,878 15,876,160 868,227
4. CMNT Cemindo Gemilang Tbk. 17,724.90 06/30/22 18,949,574 4,143,559 14,806,015 4,464,209 59,019
5. SMCB Solusi Bangun Indonesia 14,701.59 06/30/22 21,871,641 11,224,191 10,647,450 5,581,801 260,974
1. INTP Indocement Tunggal Prakarsa Tbk. 21.14 1.67 1.24 5.68 0.78 3.57
2. BEBS Berkah Beton Sadaya Tbk. 276.20 57.50 10.11 99.64 0.90 8.86
3. SMGR Semen Indonesia (Persero) Tbk. 18.70 0.98 1.18 2.60 0.55 1.20
4. CMNT Cemindo Gemilang Tbk. 95.35 4.27 0.31 0.40 0.22 0.28
5. SMCB Solusi Bangun Indonesia Tbk. 19.80 1.29 1.19 2.45 0.51 1.05


Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 INTP*
0.81%
IHSG
14.02%
LQ45
17.89%
Sector**
Highest 11,400 11,200 11,825 12,750 12,275 11,700 11,200 10,975 10,875 10,500 9,900 9,450
Lowest 9,225 10,300 9,900 10,525 10,750 10,675 10,475 10,000 10,025 9,600 9,100 9,025
Close 11,250 10,500 11,825 10,575 12,100 10,950 10,950 10,775 10,475 9,725 9,475 9,300
Adj. Close* 11,250 10,500 11,825 10,575 12,100 10,950 10,950 10,775 10,475 9,725 9,475 9,300
Growth (%) -6.67% 12.62% -10.57% 14.42% -9.50% 0.00% -1.60% -2.78% -7.16% -2.57% -1.85%
Volume (mill.) 78 63 123 124 235 60 57 96 54 249 145 52
Value (bill.) 824 672 1,339 1,460 2,780 662 620 1,003 552 2,454 1,387 475
Frequency (th.) 64 48 92 78 71 48 47 73 48 74 71 38
Days 20 22 20 22 22 21 19 18 18 17 20 17
Price (IDR) 2017 2018 2019 2020 2021 Industry: Construction Materials
Lowest 14,625 12,875 17,150 9,275 8,800
Close 21,950 18,450 19,025 14,475 12,100 1. INTP -15.1% -23.1% 5.7% -58.6% -47.8%
Adj. Close* 21,950 18,450 19,025 14,475 12,100 2. BEBS -26.7% -20.5% 772.9% n.a. n.a.
Growth (%) -15.95% 3.12% -23.92% -16.41% 3. SMGR -3.0% -10.0% -15.3% -49.3% -26.7%
4. CMNT -6.3% -6.3% n.a. n.a. n.a.
Shares Traded 2017 2018 2019 2020 2021 5. SMCB -6.3% -3.6% -8.9% 16.4% 81.1%
Volume 543 596 585 1,131 1,129
Value 9,862 10,403 11,827 14,791 13,479 Note:
Index Membership

4. IDX80 14. LQ45 24.
5. IDXBASIC 15. MBX 25.
6. IDXQ30 16. MNC36 26.
7. IDXSMC-COM 17. SMinfra18 27.
8. IDXSMC-LIQ 18. SRI-KEHATI 28.
9. Investor33 19. 29.
10. ISSI 20. 30.


Date: 29 Jul 2022 v2.0.0

30
Current Assets 12,315,796 12,829,494 12,299,306 11,336,733 8,515,242
25
Fixed Asset 14,637,185 14,080,158 14,397,092 14,342,412 14,414,259
- - - - - - 20
Total Assets 27,788,562 27,707,749 27,344,672 26,136,114 23,454,801
Trade Payable 1,759,956 1,748,776 1,580,229 2,082,752 1,712,067 15
- - - - - -
- - - - - - 10
- - - - - -
5
- - - - - - -
- - - - - - 2018 2019 2020 2021 2022
- - - - - -
Common Stocks 1,840,616 1,840,616 1,840,616 1,840,616 1,840,616
23,222 23,080
20,621
Par Value 500 500 500 500 500
18,323
Total Equity 23,221,589 23,080,261 22,176,248 20,620,964 18,322,629
Revenues 15,190,283 15,939,348 14,184,322 14,771,906 6,911,076
Gross Profit 4,369,029 5,500,317 5,113,552 5,126,282 1,768,788
Operating Profit/Loss 1,046,479 1,997,087 1,960,037 1,907,541 265,401
Finance Costs -18,661 -7,738 -51,101 -31,636 -18,174
EBT 1,400,228 2,274,427 2,148,328 2,234,002 367,676
Tax -254,291 -439,122 -341,991 -445,506 -76,128
2018 2019 2020 2021 2022
Profit/Loss Period Attributable 1,145,937 1,835,305 1,806,337 1,788,496 291,548
Comprehensive Income 1,241,944 1,883,349 1,764,880 1,872,995 291,548 Total Revenue (Bill. Rp)
Comprehensive Attributable 1,241,944 1,883,349 1,764,880 1,872,995 291,548
15,939
14,184
Net Cash - Operating 1,984,532 3,530,772 3,538,011 2,606,707 71,532
Net Cash - Investing -505,092 -1,045,966 -661,734 -558,145 -402,036
Net Increase/Decrease in C&CE -1,099,173 458,449 13,579 -1,554,959 -3,034,298
6,911
C&CE, end of period 7,225,876 7,651,750 7,697,631 6,141,267 3,143,836
Current Ratio (%) 3.14 3.31 2.92 2.44 2.18
DAR (x) 0.16 0.17 0.19 0.21 0.22
DER (x) 0.20 0.20 0.23 0.27 0.28
EPS (IDR) 290.94 462.90 482.52 515.55 440.00 2018 2019 2020 2021 2022
PER (x) 63.41 41.10 30.00 23.47 21.53

PBV (x) 3.48 2.94 3.16 2.58 2.43
ROA (%) 4.12 6.62 6.61 6.84 1.24 1,835 1,806 1,788
ROE (%) 4.93 7.95 8.15 8.67 1.59
GPM (%) 28.76 34.51 36.05 34.70 25.59
OPM (%) 6.89 12.53 13.82 12.91 3.84
1,146
NPM (%) 7.54 11.51 12.73 12.11 4.22
DPS (IDR) 700.00 550.00 725.00 1,000.00 500.00
DPR (%) 240.60 118.82 150.25 193.97 113.64
Dividend Yield (%) 3.19 2.98 3.81 6.91 4.13
292
2018 2019 2020 2021 2022

ITMG
Indo Tambangraya Megah Tbk.

ITMG Indo Tambangraya Megah Tbk.

Date: 29 Jul 2022 v2.0.0

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

Domestic 21,486.4 29,253.3
66% 71%
34% 29%
Year 2021 YTD 2022
Total 32,686.0 41,206.1
Fundamental & ESG
YTD 2022
4.85x 2.54x 35.52 High
D 10,328.9 4,178.6 14,507.5
267.8 238.2
Buy

D 7,157.0 3,452.3 10,609.3 "Foreign Buy-Domestic Sell" minus "Foreign Sell- ITMG Sector PER Market PER
Domestic Buy".
10.62x 13.92x

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 - - - - - - -
2021 I - Rp1218.00 11-Nov-21 12-Nov-21 24-Nov-21 - - - - - - -
2021 F - $0.01148 15-Apr-21 16-Apr-21 29-Apr-21 - - - - - - -
2021 F - Rp167.00 15-Apr-21 16-Apr-21 21-Apr-21 - - - - - - -
Industry Peers
4. GEMS Golden Energy Mines Tbk. 37,794.12 06/30/22 16,068,171 7,598,808 8,469,363 19,863,085 5,088,126
5. DSSA Dian Swastatika Sentosa Tbk 25,428.23 06/30/22 97,070,647 42,073,368 54,997,279 38,599,389 7,759,789
4. GEMS Golden Energy Mines Tbk. 6.94 5.83 31.67 60.08 0.47 0.90
5. DSSA Dian Swastatika Sentosa Tbk 11.69 0.81 7.99 14.11 0.43 0.77


Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 ITMG*
133.63%
IHSG
14.02%
LQ45
17.89%
Sector**
Highest 17,350 20,800 26,750 22,675 21,875 22,550 26,975 30,075 28,825 35,000 36,450 39,600
Lowest 15,250 16,250 21,175 19,100 20,000 19,625 20,800 25,825 26,225 28,550 30,675 30,025
Close 16,000 20,800 21,600 21,550 20,400 21,650 26,675 28,550 28,400 35,000 30,675 39,600
Adj. Close* 16,000 20,800 21,600 21,550 20,400 21,650 26,675 28,550 28,400 35,000 30,675 39,600
Growth (%) 30.00% 3.85% -0.23% -5.34% 6.13% 23.21% 7.03% -0.53% 23.24% -12.36% 29.10%
Volume (mill.) 77 94 154 124 49 62 75 186 120 100 85 91
Value (bill.) 1,255 1,730 3,754 2,606 1,021 1,286 1,771 5,216 3,300 3,122 2,815 3,093
Frequency (th.) 75 90 178 143 71 83 96 175 149 133 127 122
Days 20 22 20 22 22 21 20 20 22 20 20 20
Lowest 14,325 19,625 10,100 6,025 11,425
Close 20,700 20,250 11,475 13,850 20,400 1. ITMG 82.9% 94.1% 133.6% 135.4% 161.4%
Adj. Close* 20,700 20,250 11,475 13,850 20,400 2. ADMR 45.3% n.a. n.a. n.a. n.a.
Growth (%) -2.17% -43.33% 20.70% 47.29% 3. PTBA 50.9% 58.7% 92.8% 56.9% 97.7%
4. GEMS -7.2% -19.2% 66.9% 152.0% 114.2%
Shares Traded 2017 2018 2019 2020 2021 5. DSSA -28.3% -32.7% 151.0% 94.7% 175.0%
Volume 424 475 424 887 946
Value 7,946 12,047 7,315 8,833 16,343 Note:
Index Membership

2. IDX30 12. ISSI 22.
3. IDX80 13. JII 23.
4. IDXENERGY 14. JII70 24.
5. IDXG30 15. KOMPAS100 25.
6. IDXHIDIV20 16. LQ45 26.
7. IDXQ30 17. MBX 27.
8. IDXSMC-COM 18. MNC36 28.
10. IDXV30 20. 30.


Date: 29 Jul 2022 v2.0.0

Inventories 1,568,616 1,430,367 849,445 891,056 1,521,208 Asset Liabilities
35
Current Assets 11,145,716 6,589,013 5,923,155 14,098,114 18,869,885
- - - - - - 30
Fixed Asset 3,305,309 3,107,016 2,762,450 2,365,301 2,369,080
25
- - - - - -
Total Assets 20,980,151 16,860,077 16,342,462 23,775,564 29,373,496 20
Trade Payable 2,824,464 1,084,070 879,334 1,216,603 1,771,524
15
Curr. Maturities - Bank Loans - - 108,975 141,748 172,467
- - - - - - 10
- - - - - -
Long-term Bank Loans - - 503,859 368,226 287,282 -

- - - - - - 2018 2019 2020 2021 2022
- - - - - -
Common Stocks 929,117 890,974 901,197 911,675 950,841
Par Value 500 500 500 500 500

Total Equity 14,102,584 12,333,864 11,936,920 17,145,045 22,053,978
14,103
12,334 11,937
Revenues 29,194,955 23,923,930 16,719,164 29,634,045 21,155,373
Gross Profit 8,491,932 4,555,664 2,809,011 13,078,009 11,148,999
Finance Costs -18,759 -20,890 -48,987 -38,369 -27,606
EBT 5,342,193 2,592,487 1,023,360 8,862,319 8,882,530
Tax -1,579,363 -828,417 -489,796 -2,078,979 -2,026,661
2018 2019 2020 2021 2022
Profit/Loss for the period 3,762,830 1,764,070 533,564 6,783,340 6,855,870
Profit/Loss Period Attributable 3,809,291 1,804,846 556,710 6,785,908 6,857,998
Comprehensive Income 3,791,812 1,789,506 446,437 6,588,425 6,760,029 Total Revenue (Bill. Rp)
Comprehensive Attributable 3,838,274 1,830,309 469,527 6,590,994 6,762,158

23,924
Net Cash - Investing -1,579,712 -1,337,660 -632,426 -352,202 -408,898
21,155
Net Cash - Financing -3,626,382 -2,836,692 -778,286 -1,914,743 -2,774,838
16,719
Net Increase/Decrease in C&CE -45,211 -2,926,888 1,025,828 6,547,259 1,814,696
C&CE, end of period 5,354,597 2,220,170 3,264,729 9,859,451 12,030,877
Current Ratio (%) 1.97 2.03 2.03 2.71 3.20
DAR (x) 0.33 0.27 0.27 0.28 0.25
DER (x) 0.49 0.37 0.37 0.39 0.33
EPS (IDR) 3,607.36 2,006.36 855.52 3,405.90 8,172.77 2018 2019 2020 2021 2022
PER (x) 5.61 5.72 16.19 5.99 3.75

PBV (x) 1.66 1.86 1.09 0.91 1.05
ROA (%) 17.94 10.46 3.26 28.53 23.34
ROE (%) 26.68 14.30 4.47 39.56 31.09 6,783 6,856
GPM (%) 29.09 19.04 16.80 44.13 52.70

OPM (%) 21.52 10.52 8.77 38.10 47.09
NPM (%) 12.89 7.37 3.19 22.89 32.41
DPS (IDR) 3,260.00 2,750.00 877.00 2,769.08 3,040.00 3,763
DPR (%) 90.37 137.06 102.51 81.30 37.20

Dividend Yield (%) 15.75 13.58 7.64 19.99 14.90 1,764
534
2018 2019 2020 2021 2022

JPFA
Japfa Comfeed Indonesia Tbk.

JPFA Japfa Comfeed Indonesia Tbk.

Date: 29 Jul 2022 v2.0.0

PT Japfa Comfeed Indonesia Tbk. has a main business field of Animal feed. The Established Listing Date IPO Price (IDR) IPO Lead Underwriter
company's President Director and President Commisioner are Handojo Santosa PT Aseam Indonesia
and Haji Syamsir Siregar. The largest shareholder of the company is Japfa Ltd 18 Jan 1971 23 Oct 1989 7,200
(55.43%). The percentage of public shareholding (<5%) is 43.66%.
Stock Overview
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=JPFA

Domestic 16,783.4 8,702.3
70%
Foreign 7,137.0 1,658.2 D Consumer Non-Cyclicals D23 Agricultural Products
30%
Others 19.47% 19.21% D2 Food & Beverage D231 Fish, Meat, & Poultry
Year 2021 YTD 2022
Total 23,920.5 10,360.5
Fundamental & ESG
YTD 2022
10.65x 1.25x 41.82 Severe
D 3,687.7 712.8 4,400.5
171.2 -98.6
Buy

D 6,360.4 1,945.8 8,306.1 "Foreign Buy-Domestic Sell" minus "Foreign Sell- JPFA Sector PER Market PER
Domestic Buy".
13.16x 13.92x

2022 F - Rp60.00 18-Apr-22 19-Apr-22 22-Apr-22 2013 SS 19-Apr-13 9,400 5:1 1,880 0.200
2021 F - Rp40.00 26-Apr-21 27-Apr-21 07-May-21 - - - - - - -
2021 F - Rp40.00 26-Apr-21 27-Apr-21 07-May-21 - - - - - - -
2020 F - Rp20.00 29-Jun-20 30-Jun-20 15-Jul-20 - - - - - - -
2019 F - Rp50.00 12-Apr-19 15-Apr-19 30-Apr-19 - - - - - - -
Industry Peers
1. JPFA Japfa Comfeed Indonesia 16,944.90 06/30/22 32,815,710 13,536,545 19,279,165 24,483,172 1,202,087
2. CPIN Charoen Pokphand 91,828.80 06/30/22 39,091,367 25,793,165 13,298,202 28,637,323 2,418,166
3. CPRO Central Proteina Prima Tbk. 4,110.49 06/30/22 6,694,348 3,052,451 3,641,897 4,058,947 191,244
4. WMPP Widodo Makmur Perkasa 3,883.31 06/30/22 6,156,098 2,430,661 3,725,436 2,175,435 14,546
5. SIPD Sreeya Sewu Indonesia Tbk. 2,008.65 06/30/22 2,985,456 858,153 2,127,303 2,827,484 -67,860
1. JPFA Japfa Comfeed Indonesia Tbk. 10.65 1.25 3.66 6.24 0.41 0.70
2. CPIN Charoen Pokphand Indonesia Tbk 27.35 3.49 6.19 18.18 0.66 1.94
3. CPRO Central Proteina Prima Tbk. 1.75 1.39 2.86 5.25 0.46 0.84
4. WMPP Widodo Makmur Perkasa Tbk. 15.93 1.59 0.24 0.39 0.39 0.65
5. SIPD Sreeya Sewu Indonesia Tbk. -79.62 2.24 -2.27 -3.19 0.29 0.40


Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 JPFA*
-9.97%
IHSG
14.02%
LQ45
17.89%
Sector**
Highest 1,810 1,975 1,945 1,750 1,725 1,785 1,665 1,695 1,680 1,440 1,565 1,550
Lowest 1,600 1,770 1,725 1,600 1,565 1,660 1,570 1,555 1,370 1,350 1,385 1,420
Close 1,810 1,975 1,725 1,600 1,720 1,665 1,570 1,650 1,450 1,425 1,540 1,445
Adj. Close* 1,810 1,975 1,725 1,600 1,720 1,665 1,570 1,650 1,450 1,425 1,540 1,445
Growth (%) 9.12% -12.66% -7.25% 7.50% -3.20% -5.71% 5.10% -12.12% -1.72% 8.07% -6.17%
Volume (mill.) 406 360 1,118 452 331 280 358 752 709 299 612 330
Value (bill.) 686 679 1,683 757 538 484 572 1,223 1,084 420 907 491
Frequency (th.) 92 94 135 115 84 83 97 172 176 85 116 76
Days 20 22 20 22 22 21 17 19 20 18 20 14
Price (IDR) 2017 2018 2019 2020 2021 Industry: Fish, Meat, & Poultry
Lowest 1,075 1,335 1,300 780 1,360
Close 1,300 2,150 1,535 1,465 1,720 1. JPFA -13.2% -16.0% -7.4% -9.7% 34.4%
Adj. Close* 1,300 2,150 1,535 1,465 1,720 2. CPIN -11.1% -5.9% -8.6% 4.2% 83.6%
Growth (%) 65.38% -28.60% -4.56% 17.41% 3. CPRO -13.8% -27.4% 38.0% 38.0% 38.0%
4. WMPP 10.0% -17.5% n.a. n.a. n.a.
Shares Traded 2017 2018 2019 2020 2021 5. SIPD -15.5% -25.0% -1.6% 57.9% 61.3%
Volume 2,394 1,815 9,727 6,994 6,914
Value 3,115 3,529 17,713 8,290 11,960 Note:
Frequency 391 370 1,355 986 1,405 Base date: 6M = Jan 31, 2022; YTD = Dec 30, 2021; 1Y = Jul 30, 2021; 3Y = Jul 31, 2019; 5Y = May 15, 2017;
Index Membership

2. ESGQKEHATI 12. KOMPAS100 22.
4. IDX80 14. MBX 24.
8. IDXV30 18. 28.
9. ISSI 19. 29.
10. JII 20. 30.


Date: 29 Jul 2022 v2.0.0

35
Current Assets 12,415,809 12,873,148 11,745,138 14,161,153 18,119,607
Fixed Asset 7,951,910 10,707,724 11,143,803 11,509,654 11,704,119
25
- - - - - -
Total Assets 23,038,028 26,650,895 25,951,760 28,589,656 32,815,710 20
Trade Payable 3,449,238 2,765,968 2,503,816 2,345,377 5,097,464
15
Curr. Maturities - Bonds Payable 846,742 - 149,421 999,471 - 10
- - - - - -

- - - - - -
Common Stocks 1,879,461 1,879,461 1,879,461 1,879,461 1,879,461
13,103
- - - - - -
11,897
10,215
Total Equity 10,214,809 11,896,814 11,411,970 13,102,710 13,536,545
Revenues 34,012,965 38,872,084 36,964,948 44,878,300 24,483,172
Gross Profit 7,208,387 7,871,850 7,429,209 8,020,091 4,401,367
Finance Costs -793,467 -810,237 -862,222 -806,607 -407,447
EBT 3,089,839 2,584,420 1,459,563 2,793,847 1,536,348
Tax -836,638 -700,563 -457,187 -662,951 -334,261
2018 2019 2020 2021 2022
Profit/Loss Period Attributable 2,167,961 1,765,178 916,711 2,022,596 1,111,746
Comprehensive Income 2,433,191 1,854,970 822,833 2,196,458 1,157,540 Total Revenue (Bill. Rp)
Comprehensive Attributable 2,342,952 1,736,543 739,496 2,086,246 1,065,451
44,878
38,872
Net Cash - Operating 1,840,529 1,891,217 4,099,440 701,246 436,518 36,965
34,013
Net Cash - Investing -2,209,240 -3,148,118 -1,980,790 -2,525,308 -699,924
Net Cash - Financing -227,875 1,128,393 -1,794,564 1,567,012 242,162
24,483
Net Increase/Decrease in C&CE -596,586 -128,508 324,086 -257,050 -21,244
C&CE, end of period 1,086,970 1,004,280 1,335,911 1,085,116 1,097,616
Current Ratio (%) 1.80 1.66 1.96 2.00 1.90
DAR (x) 0.56 0.55 0.56 0.54 0.59
DER (x) 1.26 1.24 1.27 1.18 1.42
EPS (IDR) 155.17 131.24 83.51 184.77 150.74 2018 2019 2020 2021 2022
PER (x) 13.86 11.70 17.54 9.31 10.22

BV (IDR) 871 1,015 973 1,117 1,154 Profit/Loss for the Period (Bill. Rp)
PBV (x) 1.49 2.12 1.58 1.31 1.49
ROA (%) 9.78 7.07 3.86 7.45 3.66
2,253
ROE (%) 22.06 15.83 8.78 16.26 8.88 2,131
GPM (%) 21.19 20.25 20.10 17.87 17.98 1,884
OPM (%) 10.95 8.07 7.13 7.18 7.84

NPM (%) 6.62 4.85 2.71 4.75 4.91
1,202
DPS (IDR) 100.00 50.00 20.00 80.00 60.00
1,002
DPR (%) 64.45 38.10 23.95 43.30 39.80
Dividend Yield (%) 7.69 2.33 1.30 5.46 3.49
2018 2019 2020 2021 2022

KLBF
Kalbe Farma Tbk.

KLBF Kalbe Farma Tbk.

Date: 29 Jul 2022 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 PT Merincorp SI
Ruth Irawati Setaidy . The largest shareholder of the company is Public (<5%) 10 Sep 1966 30 Jul 1991 7,800
(40.47%).
Stock Overview
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=KLBF

Domestic 23,759.1 9,977.2
58% 49% Institution 36.56% 77.38%
Foreign 17,153.5 10,488.3 F Healthcare F21 Pharmaceuticals
42% 51% Individual 0.49% 0.35%
Others 26.35% 24.79% F2 Pharmaceuticals & Health Care F211 Pharmaceuticals
Year 2021 YTD 2022 Research
Total 40,912.7 20,465.6
Fundamental & ESG
YTD 2022
22.85x 3.66x 32.84 High
D 2,504.7 2,048.9 4,553.6
2,469.0 870.1
Buy

D 7,614.6 3,030.5 10,645.1 "Foreign Buy-Domestic Sell" minus "Foreign Sell- KLBF Sector PER Market PER
Domestic Buy".
20.76x 13.92x

2022 F - Rp35.00 31-May-22 02-Jun-22 22-Jun-22 2012 SS 08-Oct-12 4,800 5:1 960 0.200
2021 F - Rp28.00 08-Jun-21 09-Jun-21 30-Jun-21 2004 SS 02-Jan-04 1,000 2:1 500 0.500
2021 F - Rp28.00 08-Jun-21 09-Jun-21 30-Jun-21 2000 BS 13-Nov-00 600 100:88 320 0.532
2020 I - Rp6.00 04-Dec-20 07-Dec-20 18-Dec-20 1999 SS 24-Sep-99 3,000 500:100 600 0.200
2020 F - Rp20.00 02-Jun-20 03-Jun-20 19-Jun-20 1996 SS 07-Oct-96 5,500 2:1 2,750 0.500
Industry Peers
1. KLBF Kalbe Farma Tbk. 75,937.70 06/30/22 25,263,348 20,729,815 4,533,533 13,874,586 1,672,752
2. SIDO Industri Jamu dan Farmasi 27,150.00 06/30/22 3,577,836 3,240,651 337,185 1,612,099 445,599
3. KAEF Kimia Farma Tbk. 7,608.98 03/31/22 17,924,834 7,243,114 10,681,720 2,260,504 2,588
4. SOHO Soho Global Health Tbk. 7,551.55 06/30/22 4,271,021 2,398,074 1,872,947 3,500,718 193,659
5. TSPC Tempo Scan Pacific Tbk. 6,223.61 06/30/22 10,614,541 7,023,730 3,590,811 5,941,446 401,923
1. KLBF Kalbe Farma Tbk. 22.85 3.66 6.62 36.90 0.82 4.57
2. SIDO Industri Jamu dan Farmasi Sido 22.54 8.38 12.45 132.15 0.91 9.61
3. KAEF Kimia Farma Tbk. 26.17 1.05 0.01 0.02 0.40 0.68
4. SOHO Soho Global Health Tbk. 16.39 3.15 4.53 10.34 0.56 1.28
5. TSPC Tempo Scan Pacific Tbk. 7.71 0.87 3.79 11.19 0.66 1.96


Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 KLBF*
24.14%
IHSG
14.02%
LQ45
17.89%
Sector**
*Adjusted Close Price; **Healthcare
Highest 1,395 1,490 1,600 1,635 1,625 1,715 1,690 1,690 1,685 1,675 1,710 1,730
Lowest 1,240 1,365 1,360 1,590 1,570 1,620 1,590 1,580 1,560 1,530 1,595 1,620
Close 1,345 1,430 1,600 1,600 1,615 1,640 1,645 1,610 1,640 1,675 1,660 1,620
Adj. Close* 1,345 1,430 1,600 1,600 1,615 1,640 1,645 1,610 1,640 1,675 1,660 1,620
Growth (%) 6.32% 11.89% 0.00% 0.94% 1.55% 0.30% -2.13% 1.86% 2.13% -0.90% -2.41%
Volume (mill.) 777 662 1,165 1,822 823 1,023 683 920 779 973 1,020 846
Value (bill.) 1,016 951 1,745 2,939 1,321 1,718 1,112 1,493 1,243 1,576 1,673 1,418
Frequency (th.) 114 86 136 90 65 93 81 117 81 71 80 75
Days 20 22 20 22 22 21 19 16 19 17 17 19
Price (IDR) 2017 2018 2019 2020 2021 Industry: Pharmaceuticals

Lowest 1,450 1,155 1,260 865 1,240
Close 1,690 1,520 1,620 1,480 1,615 1. KLBF -1.2% 0.3% 28.6% 10.2% 6.2%
Adj. Close* 1,690 1,520 1,620 1,480 1,615 2. SIDO -2.7% 4.6% 12.4% 79.2% 241.5%
Growth (%) -10.06% 6.58% -8.64% 9.12% 3. KAEF -37.7% -43.6% -48.5% -57.2% -45.6%
4. SOHO -7.0% -6.7% 19.5% n.a. n.a.
Shares Traded 2017 2018 2019 2020 2021 5. TSPC -8.0% -8.0% -5.5% -12.1% -32.7%
Volume 7,595 7,523 7,334 12,001 13,268
Value 11,953 10,845 11,315 17,126 20,456 Note:
Index Membership

5. IDX30 15. LQ45 25.
6. IDX80 16. MBX 26.
7. IDXHEALTH 17. MNC36 27.
8. IDXHIDIV20 18. SRI-KEHATI 28.
9. IDXQ30 19. 29.
10. Investor33 20. 30.


Date: 29 Jul 2022 v2.0.0

30
Current Assets 10,648,288 11,222,491 13,075,332 15,712,210 15,296,867
- - - - - -
25
Fixed Asset 6,252,801 7,666,315 8,157,762 7,994,022 7,923,919
- - - - - - 20
Total Assets 18,146,206 20,264,727 22,564,300 25,666,635 25,263,348
Trade Payable 1,289,898 1,215,860 1,240,386 1,667,596 1,903,688 15
Curr. Maturities - Bank Loans - - - - 46,484

- - - - - - 10
- - - - - -
5
Long-term Bank Loans 259,831 647,647 722,819 490,277 407,668 -
- - - - - - 2018 2019 2020 2021 2022
- - - - - -
Common Stocks 468,751 468,751 468,751 468,751 468,751
Par Value 10 10 10 10 10
18,276
Total Equity 15,294,595 16,705,582 18,276,082 21,265,878 20,729,815 15,295
Revenues 21,074,306 22,633,476 23,112,655 26,261,195 13,874,586
Gross Profit 9,847,926 10,243,468 10,246,322 11,283,784 5,798,191
Finance Costs -29,738 -40,420 -89,580 -57,384 -23,678
EBT 3,306,400 3,402,617 3,627,633 4,143,265 2,135,681
Tax -809,138 -865,015 -828,010 -911,257 -462,929
2018 2019 2020 2021 2022
26,261
22,633 23,113
Net Cash - Investing -1,289,829 -1,900,541 -951,215 -1,056,019 -258,284
Net Cash - Financing -1,139,658 -706,915 -1,099,712 -745,177 -2,218,476
Net Increase/Decrease in C&CE 341,290 -104,488 2,170,622 1,024,751 -2,143,442 13,875
C&CE, end of period 3,149,173 2,992,849 5,207,929 6,216,248 4,133,490
Current Ratio (%) 4.66 4.35 4.12 4.45 4.08
DAR (x) 0.16 0.18 0.19 0.17 0.18
DER (x) 0.19 0.21 0.23 0.21 0.22
EPS (IDR) 51.81 54.79 55.87 63.86 70.44 2018 2019 2020 2021 2022
PER (x) 29.34 29.57 26.49 25.29 23.57

PBV (x) 5.18 4.27 4.16 3.26 3.65
ROA (%) 13.76 12.52 12.41 12.59 6.62 3,232
ROE (%) 16.33 15.19 15.32 15.20 8.07
2,800
GPM (%) 46.73 45.26 44.33 42.97 41.79 2,497 2,538
OPM (%) 16.88 15.89 15.38 15.31 14.59
NPM (%) 11.85 11.21 12.11 12.31 12.06
1,673
DPS (IDR) 25.00 26.00 26.00 56.00 35.00
DPR (%) 48.25 47.46 46.54 87.69 49.69
Dividend Yield (%) 1.48 1.71 1.60 3.78 2.17
2018 2019 2020 2021 2022

MDKA
Merdeka Copper Gold Tbk.

MDKA Merdeka Copper Gold Tbk.

Date: 29 Jul 2022 v2.0.0

PT Merdeka Copper Gold Tbk. has a main business field of Mining of gold, silver, Established Listing Date IPO Price (IDR) IPO Lead Underwriter
copper and other associated minerals, industry and other related business PT Indo Premier
activities through the company's subsidiaries. The company's President Director 05 Sep 2012 19 Jun 2015 2,000 Securities
and President Commisioner are Albert Saputro and Edwin Soeryadjaya. The
largest shareholder of the company is Public (<5%) (51.37%). The company has Stock Overview
15 subsidiaries. One of the biggest subsidiaries is PT Bumi Suksesindo.
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=MDKA

Domestic 88,799.9 70,061.5
76% 69%
24% 31%
Others 15.86% 27.68% B1 Basic Materials B143 Gold
Year 2021 YTD 2022
Total 116,497.5 104,005.6
Fundamental & ESG
YTD 2022
61.63x 7.62x 45.78 Severe
D 25,592.5 8,928.6 34,521.1
362.9 1,019.3
Buy

D 35,820.1 8,398.4 44,218.5 "Foreign Buy-Domestic Sell" minus "Foreign Sell- MDKA Sector PER Market PER
Domestic Buy".
11.79x 13.92x

- - - - - - - 2022 RI 14-Apr-22 5,525 9401:495 5,400 0.976
- - - - - - - 2019 SS 18-Oct-19 6,250 5:1 1,250 0.200
- - - - - - - 2018 RI 15-Aug-18 3,150 6:1 3,020 0.959
- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
Industry Peers
1. MDKA Merdeka Copper Gold Tbk. 97,890.05 06/30/22 49,090,338 27,816,662 21,273,676 5,080,776 1,489,208
5. CITA Cita Mineral Investindo Tbk. 11,999.89 06/30/22 4,951,274 3,923,644 1,027,629 2,646,248 431,500
1. MDKA Merdeka Copper Gold Tbk. 61.63 7.62 3.03 7.00 0.57 1.31
5. CITA Cita Mineral Investindo Tbk. 22.62 3.15 8.71 41.99 0.79 3.82


Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 MDKA*
44.00%
IHSG
14.02%
LQ45
17.89%
Sector**
Highest 2,910 2,860 3,320 3,750 3,970 4,140 3,870 4,750 5,700 5,450 5,300 4,140
Lowest 2,580 2,520 2,460 3,090 3,610 3,630 3,530 3,810 4,590 4,380 3,940 3,350
Close 2,820 2,520 3,160 3,660 3,890 3,640 3,870 4,530 5,300 5,450 3,990 4,060
Adj. Close* 2,820 2,520 3,160 3,660 3,890 3,640 3,870 4,530 5,433 5,586 4,090 4,162
Growth (%) -10.64% 25.40% 15.82% 6.28% -6.43% 6.32% 17.05% 19.92% 2.83% -26.79% 1.75%
Volume (mill.) 1,095 1,163 1,738 1,672 1,663 1,256 1,238 2,005 1,247 1,824 2,865 1,648
Value (bill.) 2,983 3,168 5,209 5,759 6,279 4,920 4,618 8,725 6,535 8,045 12,714 6,445
Frequency (th.) 133 136 207 200 198 148 175 258 216 228 303 222
Days 20 22 20 22 22 21 20 20 20 20 20 20
Price (IDR) 2017 2018 2019 2020 2021 Industry: Gold

Lowest 1,930 2,140 1,010 905 2,140
Close 2,140 3,500 1,070 2,430 3,890 1. MDKA 14.3% 7.0% 40.6% 314.1% 803.9%
Adj. Close* 401 655 209 2,371 3,795 2. INCO 29.5% 30.3% 10.9% 101.3% 223.6%
Growth (%) 63.55% -68.13% 1035.51% 60.08% 3. ANTM 10.5% -13.1% -22.4% 109.1% 220.5%
4. BRMS 68.3% 101.7% 162.6% 436.6% 300.4%
Shares Traded 2017 2018 2019 2020 2021 5. CITA 4.5% -5.9% -3.8% 68.8% 236.7%
Volume 240 1,936 4,876 25,893 21,045
Value 550 4,911 13,798 40,460 58,249 Note:
Index Membership

1. BISNIS-27 11. JII 21.
4. I-GRADE 14. LQ45 24.
5. IDX30 15. MBX 25.
6. IDX80 16. 26.
7. IDXBASIC 17. 27.
8. IDXG30 18. 28.
9. Investor33 19. 29.
10. ISSI 20. 30.


Date: 29 Jul 2022 v2.0.0

Cash & Cash Equivalents 204,842 691,569 719,726 2,646,479 6,111,442
Trade receivables 18,967 3,274 28,963 8,455 1,360,315 Total Asset & Liabilities (Bill. Rp)
60
Current Assets 2,249,005 2,855,373 2,811,249 5,869,054 13,065,756
- - - - - -
50
Fixed Asset 3,928,546 4,467,091 4,204,169 4,512,894 15,778,359
- - - - - - 40
Total Assets 11,601,744 13,265,225 13,112,102 18,244,239 49,090,338
Trade Payable 615,703 464,456 284,915 422,494 1,640,395 30
Curr. Maturities - Bank Loans 1,317,677 1,905,439 833,604 912,733 1,665,634

Curr. Maturities - Bonds Payable - - 807,637 2,048,396 2,769,470 20
- - - - - -
10
Long-term Bank Loans 2,217,077 1,372,199 560,979 - 4,315,792 -
Long-term Bonds Payable - - 863,839 1,802,004 5,523,176 2018 2019 2020 2021 2022
- - - - - -
Common Stocks 482,273 483,761 489,311 515,286 562,432
27,817
Par Value 100 20 20 20 20
Total Equity 6,138,951 7,310,587 7,950,225 11,121,406 27,816,662
Revenues 4,273,636 5,606,439 4,539,848 5,435,869 5,080,776 11,121
Gross Profit 2,017,875 2,167,663 1,609,682 1,713,665 1,553,795 7,950
7,311
Operating Profit/Loss 1,791,804 1,886,997 1,327,308 1,296,122 1,118,497 6,139
Finance Costs -239,500 -273,481 -258,564 -185,465 -

EBT 1,261,816 1,512,633 792,764 809,314 1,914,446
Tax -420,307 -546,891 -385,247 -332,918 -425,238
2018 2019 2020 2021 2022
Profit/Loss for the period 841,509 965,742 407,517 476,396 1,489,208
Profit/Loss Period Attributable 763,224 987,684 510,546 515,663 1,440,443
Comprehensive Income 1,253,723 860,694 583,037 435,986 1,427,668 Total Revenue (Bill. Rp)
Comprehensive Attributable 1,072,234 991,747 686,900 476,045 1,311,492 5,606
5,436
4,540
Net Cash - Operating 740,273 1,720,209 1,692,138 1,896,128 2,772,578 4,274
Net Cash - Investing -1,669,449 -2,136,565 -986,052 -3,457,527 -9,389,136
Net Cash - Financing 606,250 912,410 -688,781 3,519,398 10,098,824
Net Increase/Decrease in C&CE -322,927 496,055 17,305 1,957,999 3,482,267
C&CE, end of period 204,842 691,569 719,726 2,646,479 6,111,442
Current Ratio (%) 0.85 0.81 1.04 1.38 1.42
DAR (x) 0.47 0.45 0.39 0.39 0.43
DER (x) 0.89 0.81 0.65 0.64 0.76
EPS (IDR) 270.71 41.49 41.23 -1.79 65.87 2018 2019 2020 2021 2022
PER (x) 12.93 25.79 58.94 -2,172.88 60.57

BV (IDR) 1,474 334 363 486 1,154 Profit/Loss for the Period (Bill. Rp)
PBV (x) 1.45 10.48 2.95 5.00 3.37
ROA (%) 7.25 7.28 3.11 2.61 3.03 1,489
ROE (%) 13.71 13.21 5.13 4.28 5.35
GPM (%) 47.22 38.66 35.46 31.53 30.58
OPM (%) 41.93 33.66 29.24 23.84 22.01
966
NPM (%) 19.69 17.23 8.98 8.76 29.31 842
DPS (IDR) 0.00 0.00 0.00 0.00 0.00
DPR (%) 0.00 0.00 0.00 0.00 0.00
476
Dividend Yield (%) 0.00 0.00 0.00 0.00 0.00 408
2018 2019 2020 2021 2022

MEDC
Medco Energi Internasional Tbk.

MEDC Medco Energi Internasional Tbk.

Date: 29 Jul 2022 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 PT Bahana
President Commisioner are Hilmi Panigoro and Yani Yuhani Panigoro. The 09 Jun 1980 12 Oct 1994 4,350 Securities
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-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=MEDC

Domestic 19,570.6 12,991.0
Foreign 2,718.5 1,826.3 A Energy A11 Oil & Gas
Others 6.02% 10.75% A1 Oil, Gas & Coal A111 Oil & Gas Production & Refinery
Year 2021 YTD 2022
Total 22,289.1 14,817.3
Fundamental & ESG
YTD 2022
8.12x 0.83x 42.21 Severe
D 5,703.2 686.9 6,390.1
-143.5 210.7
Buy

D 8,590.1 1,267.0 9,857.0 "Foreign Buy-Domestic Sell" minus "Foreign Sell- MEDC Sector PER Market PER
Domestic Buy".
10.62x 13.92x

2015 F - $0.00121 28-Apr-15 30-Apr-15 22-May-15 2020 RI 09-Sep-20 540 5:2 458 0.847
2014 F - $0.00151 28-May-14 02-Jun-14 16-Jun-14 2017 RI 08-Dec-17 1,000 3:1 900 0.900
2013 F - $0.00110 21-May-13 23-May-13 07-Jun-13 2017 SS 11-Sep-17 3,490 4:1 870 0.250
2012 F - $0.00766 04-Jun-12 06-Jun-12 20-Jun-12 2000 SS 31-May-00 4,250 5:1 850 0.200
2011 F - $0.00748 14-Jun-11 16-Jun-11 01-Jul-11 1999 RI 22-Nov-99 3,575 10:11 3,550 0.989
Industry Peers
1. MEDC Medco Energi Internasional 15,333.10 06/30/22 103,810,711 22,121,799 81,688,913 17,075,701 4,185,822
2. PGAS Perusahaan Gas Negara 40,725.73 06/30/22 107,685,067 49,625,618 58,059,449 25,897,300 4,142,293
3. AKRA AKR Corporindo Tbk. 25,091.84 06/30/22 27,834,656 11,991,551 15,843,105 22,109,453 927,411
4. ENRG Energi Mega Persada Tbk. 6,949.94 06/30/22 17,862,273 7,061,438 10,800,835 3,425,680 384,322
5. HITS Humpuss Intermoda 5,112.78 06/30/22 3,413,258 1,037,022 2,376,236 804,868 112,208
1. MEDC Medco Energi Internasional Tbk. 8.12 0.83 4.03 5.12 0.21 0.27
2. PGAS Perusahaan Gas Negara Tbk. 7.92 0.83 3.85 7.13 0.46 0.85
3. AKRA AKR Corporindo Tbk. 16.54 2.09 3.33 5.85 0.43 0.76
4. ENRG Energi Mega Persada Tbk. 10.99 1.05 2.15 3.56 0.40 0.65
5. HITS Humpuss Intermoda Transportasi -36.40 5.27 3.29 4.72 0.30 0.44


Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 MEDC*
27.08%
IHSG
14.02%
LQ45
17.89%
Sector**
Highest 515 550 635 565 510 555 635 690 570 590 675 615
Lowest 434 476 535 478 466 462 530 555 515 535 585 545
Close 476 550 570 478 466 555 600 555 550 585 635 610
Adj. Close* 476 550 570 478 466 555 600 555 550 585 635 610
Growth (%) 15.55% 3.64% -16.14% -2.51% 19.10% 8.11% -7.50% -0.90% 6.36% 8.55% -3.94%
Volume (mill.) 2,043 1,775 1,775 860 839 1,106 2,077 2,825 1,532 1,101 2,620 1,261
Value (bill.) 982 902 1,057 458 411 553 1,225 1,755 839 627 1,672 738
Frequency (th.) 141 111 121 70 62 92 158 203 98 68 135 80
Days 20 22 20 22 22 21 17 19 19 18 20 15
Price (IDR) 2017 2018 2019 2020 2021 Industry: Oil & Gas Production & Refinery
Highest 3,590 1,575 1,025 915 760 No. Code 6M YTD 1Y 3Y 5Y
Lowest 845 620 630 312 434
Close 890 685 865 590 466 1. MEDC 9.9% 30.9% 25.0% -15.2% 25.1%
Adj. Close* 170 580 732 499 466 2. PGAS 21.7% 22.2% 72.3% -18.0% -30.6%
Growth (%) 242.07% 26.28% -31.79% -6.70% 3. AKRA 71.2% 52.1% 73.6% 56.3% -0.8%
4. ENRG 145.6% 174.5% 164.2% 409.1% -30.0%
Shares Traded 2017 2018 2019 2020 2021 5. HITS 115.6% 87.5% 85.6% 15.2% -8.9%
Volume 10,784 25,607 7,277 24,562 18,280
Value 12,059 30,528 6,125 12,453 11,145 Note:
Index Membership

2. I-GRADE 12. SMinfra18 22.
3. IDX80 13. 23.
4. IDXENERGY 14. 24.
5. IDXG30 15. 25.
8. IDXV30 18. 28.
9. KOMPAS100 19. 29.
10. LQ45 20. 30.


Date: 29 Jul 2022 v2.0.0

Inventories 906,219 1,341,589 1,391,006 1,439,520 1,833,536 Asset Liabilities
120
Current Assets 26,569,912 23,632,350 28,519,263 24,279,612 23,909,436
- - - - - -
100
Fixed Asset 628,393 566,835 512,637 718,759 827,293
- - - - - - 80
Total Assets 76,380,310 83,761,178 83,231,108 81,103,343 103,810,711
Trade Payable 1,731,527 2,107,192 2,444,292 2,692,541 5,008,518 60

Curr. Maturities - Bonds Payable 1,917,773 636,978 1,382,960 1,731,003 1,236,015 40
- - - - - -
20
- - - - - -
Common Stocks 1,591,540 1,528,445 1,717,974 1,737,949 1,812,612
Paid up Capital (Shares) 17,829 17,916 25,136 - 25,136 22,122
Par Value 25 25 25 - 25 20,174

18,913
Total Equity 20,173,554 18,912,855 17,114,795 17,541,402 22,121,799
Revenues 17,715,814 20,056,966 15,420,637 18,881,334 17,075,701
Gross Profit 9,193,097 8,251,709 4,537,727 - 8,977,559
Finance Costs -2,748,397 -3,504,861 -3,980,713 -3,212,447 -1,913,668
EBT 2,891,479 2,498,193 -1,386,290 4,076,664 7,861,143
Tax -2,857,227 -2,780,260 -1,020,545 -3,308,991 -3,676,063
2018 2019 2020 2021 2022
Profit/Loss for the period -412,599 -188,718 -2,500,866 893,250 4,185,822
Profit/Loss Period Attributable -746,037 -381,362 -2,665,501 670,920 4,019,728
Comprehensive Income -284,737 -358,116 -3,156,486 1,210,225 3,832,128 Total Revenue (Bill. Rp)
Comprehensive Attributable -652,327 -347,747 -3,175,145 990,516 3,483,490
18,881
17,076
Net Cash - Investing -3,878,655 -3,756,197 -4,123,029 1,182,408 -12,798,068 15,421
Net Cash - Financing -605,431 -1,669,090 -4,481,202 -5,088,569 5,604,211
Net Increase/Decrease in C&CE 776,051 325,120 -2,141,413 2,699,826 -1,654,437
C&CE, end of period 6,079,320 6,361,936 4,181,805 6,863,173 5,524,165
Current Ratio (%) 1.66 2.40 1.47 1.69 1.04
DAR (x) 0.74 0.77 0.79 0.78 0.79
DER (x) 2.79 3.43 3.86 3.62 3.69
EPS (IDR) -39.91 -17.16 -103.26 33.06 75.15 2018 2019 2020 2021 2022
PER (x) -17.16 -50.41 -5.71 14.09 8.45

BV (IDR) 1,131 1,056 681 698 880 Profit/Loss for the Period (Bill. Rp)
PBV (x) 0.79 0.65 1.27 0.85 0.53
ROA (%) -0.54 -0.23 -3.00 1.10 4.03
4,186
ROE (%) -2.05 -1.00 -14.61 5.09 18.92
GPM (%) 51.89 41.14 29.43 n.a. 52.58
OPM (%) 38.70 25.20 15.47 30.50 44.41
NPM (%) -2.33 -0.94 -16.22 4.73 24.51
893
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
-189
-413
Market Capitalization, billion IDR 12,213 15,497 14,830 11,713 15,962 -2,501
2018 2019 2020 2021 2022

MIKA
Mitra Keluarga Karyasehat Tbk.

MIKA Mitra Keluarga Karyasehat Tbk.

Date: 29 Jul 2022 v2.0.0

PT Mitra Keluarga Karyasehat Tbk. has a main business field of Business and Established Listing Date IPO Price (IDR) IPO Lead Underwriter
management consulting services including hospital management services. The PT Kresna Graha
company's President Director and President Commisioner are RUSTIYAN OEN 03 Jan 1995 24 Mar 2015 17,000 Sekurindo Tbk
and JOZEF DARMAWAN ANGKASA. The largest shareholder of the company is
PT Griyainsani Cakrasadaya (62.68%). The percentage of public shareholding Stock Overview
(<5%) is 34.94%. The company has 21 subsidiaries. One of the biggest
subsidiaries is PT Proteindo Karyasehat. Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=MIKA

Domestic 27,562.2 8,808.7
Foreign 8,796.4 2,512.8 F Healthcare F12 Healthcare Providers
Others 20.71% 24.65% F1 Healthcare Equipment & F121 Healthcare Providers
Year 2021 YTD 2022 Providers
Total 36,358.6 11,321.4
Fundamental & ESG
YTD 2022
31.04x 6.31x 26.11 Medium
D 3,510.8 802.5 4,313.3
-451.5 182.0
Buy

D 10,756.6 3,250.2 14,006.9 "Foreign Buy-Domestic Sell" minus "Foreign Sell- MIKA Sector PER Market PER
Domestic Buy".
20.76x 13.92x

2022 F - Rp36.00 23-May-22 24-May-22 10-Jun-22 2015 SS 16-Oct-15 28,025 10:1 2,800 0.100
2021 F - Rp36.00 21-Jun-21 22-Jun-21 09-Jul-21 - - - - - - -
2021 F - Rp36.00 21-Jun-21 22-Jun-21 09-Jul-21 - - - - - - -
2020 F - Rp21.00 03-Jul-20 06-Jul-20 24-Jul-20 - - - - - - -
2019 F - Rp18.00 05-Jul-19 08-Jul-19 26-Jul-19 - - - - - - -
Industry Peers
1. MIKA Mitra Keluarga Karyasehat 35,473.41 06/30/22 6,425,800 5,620,906 804,894 2,072,662 576,618
2. HEAL Medikaloka Hermina Tbk. 21,410.20 06/30/22 7,401,478 4,406,404 2,995,074 2,329,114 214,021
3. CARE Metro Healthcare Indonesia 16,625.00 06/30/22 4,152,669 3,246,362 906,307 112,665 -51,906
4. SILO Siloam International 13,071.16 06/30/22 9,170,396 6,543,048 2,627,348 4,409,941 212,927
5. SAME Sarana Meditama 7,324.79 06/30/22 5,188,807 3,990,765 1,198,042 637,920 -23,002
1. MIKA Mitra Keluarga Karyasehat Tbk. 31.04 6.31 8.97 71.64 0.87 6.98
2. HEAL Medikaloka Hermina Tbk. 25.76 4.92 2.89 7.15 0.60 1.47
3. CARE Metro Healthcare Indonesia Tbk. 757.11 5.02 -1.25 -5.73 0.78 3.58
4. SILO Siloam International Hospitals Tbk. 20.76 1.97 2.32 8.10 0.71 2.49
5. SAME Sarana Meditama Metropolitan Tbk. 62.89 1.74 -0.44 -1.92 0.77 3.33


Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 MIKA*
-2.35%
IHSG
14.02%
LQ45
17.89%
Sector**
*Adjusted Close Price; **Healthcare
Highest 2,550 2,430 2,330 2,380 2,420 2,520 2,510 2,220 2,700 3,050 2,880 2,830
Lowest 2,230 2,290 2,210 2,210 2,210 2,110 2,190 2,090 2,240 2,450 2,510 2,490
Close 2,330 2,300 2,280 2,380 2,260 2,520 2,220 2,170 2,530 2,610 2,750 2,490
Adj. Close* 2,330 2,300 2,280 2,380 2,260 2,520 2,220 2,170 2,530 2,610 2,750 2,490
Growth (%) -1.29% -0.87% 4.39% -5.04% 11.50% -11.90% -2.25% 16.59% 3.16% 5.36% -9.45%
Volume (mill.) 559 489 510 605 440 370 374 393 341 245 294 297
Value (bill.) 1,314 1,156 1,153 1,381 1,020 832 861 849 857 667 790 804
Frequency (th.) 67 45 55 65 38 42 43 36 43 46 50 42
Days 20 22 20 22 22 21 17 15 16 15 16 14
Price (IDR) 2017 2018 2019 2020 2021 Industry: Healthcare Providers
Lowest 1,730 1,390 1,510 1,685 2,210
Close 1,810 1,575 2,670 2,730 2,260 1. MIKA -1.2% 10.2% -3.9% 22.7% 10.2%
Adj. Close* 1,810 1,575 2,670 2,730 2,260 2. HEAL 31.1% 34.1% 513.2% 121.5% n.a.
Growth (%) -12.98% 69.52% 2.25% -17.22% 3. CARE -5.7% -2.9% 35.1% n.a. n.a.
4. SILO -2.8% -6.2% -3.4% 27.6% -31.8%
Shares Traded 2017 2018 2019 2020 2021 5. SAME 13.8% 15.7% -35.6% 36.4% 22.7%
Volume 5,429 1,796 2,211 4,203 7,078
Value 5,192 3,300 5,195 10,382 18,179 Note:
Index Membership

3. IDX80 13. LQ45 23.
5. IDXHEALTH 15. 25.
6. IDXQ30 16. 26.
9. ISSI 19. 29.
10. JII 20. 30.


Date: 29 Jul 2022 v2.0.0

8
Current Assets 2,417,658 2,475,230 3,103,603 3,197,514 2,488,827
- - - - - - 7
Fixed Asset 2,066,106 2,389,697 2,534,240 2,696,472 2,886,221 6

- - - - - -
5
Total Assets 5,089,417 5,576,085 6,372,279 6,860,971 6,425,800
Trade Payable 96,599 161,985 201,343 205,941 173,746 4
Curr. Maturities - Bank Loans 7,894 2,977 - - - 3

- - - - - -
2
- - - - - -
Current Liabilities 311,891 430,760 568,432 762,461 589,883 1
Long-term Bank Loans 9,818 2,086 - - - -
- - - - - - 2018 2019 2020 2021 2022
- - - - - -
Total Liabilities 639,496 783,434 855,187 935,827 804,894
Common Stocks 145,507 142,463 142,463 142,463 142,463
Par Value 10 100 10 10 10 5,517 5,621

4,450
Total Equity 4,449,920 4,792,651 5,517,092 5,925,144 5,620,906
Revenues 2,713,087 3,205,021 3,419,343 4,352,868 2,072,662
Gross Profit 1,284,302 1,534,374 1,692,038 2,261,355 1,092,080
Operating Profit/Loss 745,472 884,939 1,043,373 1,596,177 678,250
Finance Costs -14,905 -13,588 -11,484 -12,216 -5,834
EBT 850,148 1,004,330 1,169,750 1,719,518 729,325
Tax -191,411 -212,911 -246,277 -357,994 -152,707
2018 2019 2020 2021 2022
Profit/Loss for the period 658,737 791,419 923,473 1,361,524 576,618
Profit/Loss Period Attributable 613,559 730,145 841,673 1,228,825 529,764
Comprehensive Income 752,476 761,210 1,025,349 1,392,598 545,111 Total Revenue (Bill. Rp)
Comprehensive Attributable 701,069 698,418 931,630 1,257,756 532,300
4,353
Net Cash - Operating 743,204 894,242 1,066,112 2,089,515 365,110
3,419
Net Cash - Investing -308,597 -675,213 -623,651 -527,254 568,941 3,205
Net Cash - Financing -347,060 -481,185 -305,971 -984,546 -864,359 2,713

Net Increase/Decrease in C&CE 87,546 -262,156 136,491 577,715 69,692
2,073
C&CE, end of period 830,677 568,522 705,013 1,282,728 1,352,420
Current Ratio (%) 7.75 5.75 5.46 4.19 4.22
DAR (x) 0.13 0.14 0.13 0.14 0.13
DER (x) 0.14 0.16 0.16 0.16 0.14
EPS (IDR) 44.32 46.23 50.81 84.16 82.96 2018 2019 2020 2021 2022
PER (x) 35.54 57.76 53.73 26.85 33.15

PBV (x) 5.92 4.68 6.89 6.56 5.73
ROA (%) 12.94 14.19 14.49 19.84 8.97
ROE (%) 14.80 16.51 16.74 22.98 10.26 1,362
GPM (%) 47.34 47.87 49.48 51.95 52.69

OPM (%) 27.48 27.61 30.51 36.67 32.72
923
NPM (%) 24.28 24.69 27.01 31.28 27.82
791
DPS (IDR) 0.00 18.00 21.00 72.00 36.00
659
DPR (%) 0.00 38.94 41.33 85.55 43.40 577
Dividend Yield (%) 0.00 1.14 0.79 2.64 1.59
2018 2019 2020 2021 2022

MNCN
Media Nusantara Citra Tbk.

MNCN Media Nusantara Citra Tbk.

Date: 29 Jul 2022 v2.0.0

PT Media Nusantara Citra Tbk. has a main business field of General trade, Established Listing Date IPO Price (IDR) IPO Lead Underwriter
development, industry, agriculture, transportation, printing, multimedia via Bhakti Securities
satellite and other telecommunications equipment, services and industry. The 17 Jun 1997 22 Jun 2007 900
company's President Director and President Commisioner are Noersing and Hary
Tanoesoedibjo. The largest shareholder of the company is PT Global Mediacom Stock Overview
Tbk (52.67%). The percentage of public shareholding (<5%) is 47.33%. The
company has 64 subsidiaries. One of the biggest subsidiaries is PT. Rajawali Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=MNCN

Domestic 15,159.7 4,613.1
65% 69%
Foreign 8,152.8 2,053.9 E Consumer Cyclicals E61 Media
35% 31%
Others 27.69% 32.81% E6 Media & Entertainment E612 Broadcasting
Year 2021 YTD 2022
Total 23,312.5 6,667.0
Fundamental & ESG
YTD 2022
6.11x 0.88x 17.95 Low
D 1,600.8 529.3 2,130.1
565.1 352.9
Buy

D 5,107.2 2,190.1 7,297.3 "Foreign Buy-Domestic Sell" minus "Foreign Sell- MNCN Sector PER Market PER
Domestic Buy".
12.71x 13.92x

2021 F - Rp8.00 09-Sep-21 10-Sep-21 28-Sep-21 - - - - - - -
2021 F - Rp8.00 09-Sep-21 10-Sep-21 28-Sep-21 - - - - - - -
2019 F - Rp15.00 03-Jul-19 04-Jul-19 26-Jul-19 - - - - - - -
2018 F - Rp15.00 04-Jul-18 06-Jul-18 25-Jul-18 - - - - - - -
2017 F - Rp42.00 10-Jul-17 12-Jul-17 02-Aug-17 - - - - - - -
Industry Peers
1. MNCN Media Nusantara Citra Tbk. 15,877.53 06/30/22 21,947,437 18,757,685 3,189,752 5,274,312 1,342,735
2. SCMA Surya Citra Media Tbk. 16,273.53 06/30/22 11,094,313 8,606,525 2,487,787 3,163,593 565,724
3. NETV Net Visi Media Tbk. 6,473.08 06/30/22 1,680,052 211 1,679,841 202,666 -87,813
4. MDIA Intermedia Capital Tbk. 1,960.78 12/31/20 6,594,597 2,541,085 4,053,512 1,282,046 100,206
5. MARI Mahaka Radio Integra Tbk. 866.69 06/30/22 601,385 198,878 402,507 29,463 -45,940
1. MNCN Media Nusantara Citra Tbk. 6.11 0.88 6.12 42.10 0.85 5.88
2. SCMA Surya Citra Media Tbk. 12.51 2.10 5.10 22.74 0.78 3.46
3. NETV Net Visi Media Tbk. -33.49 145.28 -5.23 -5.23 0.00 0.00
4. MDIA Intermedia Capital Tbk. 7.05 0.77 1.52 2.47 0.39 0.63
5. MARI Mahaka Radio Integra Tbk. -22.62 4.36 -7.64 -11.41 0.33 0.49


Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 MNCN*
33.54%
IHSG
14.02%
LQ45
17.89%
Sector**
*Adjusted Close Price; **Consumer Cyclicals
Highest 875 885 935 1,025 980 900 955 995 1,065 970 1,025 1,055
Lowest 790 810 825 870 885 825 845 850 925 925 935 900
Close 875 835 900 960 900 850 870 995 1,005 970 935 1,055
Adj. Close* 875 835 900 960 900 850 870 995 1,005 970 935 1,055
Growth (%) -4.57% 7.78% 6.67% -6.25% -5.56% 2.35% 14.37% 1.01% -3.48% -3.61% 12.83%
Volume (mill.) 1,500 1,261 1,295 1,116 558 489 607 575 519 288 424 628
Value (bill.) 1,259 1,066 1,154 1,068 519 420 551 526 523 273 418 623
Frequency (th.) 165 124 146 121 75 57 78 61 67 41 50 58
Days 20 22 20 22 22 21 18 17 17 15 19 18
Price (IDR) 2017 2018 2019 2020 2021 Industry: Broadcasting

Lowest 1,230 690 695 705 790
Close 1,285 690 1,630 1,140 900 1. MNCN 24.1% 17.2% 33.5% -23.3% -45.2%
Adj. Close* 1,285 690 1,630 1,140 900 2. SCMA -24.7% -32.5% -52.2% -29.0% -61.5%
Growth (%) -46.30% 136.23% -30.06% -21.05% 3. NETV -46.4% n.a. n.a. n.a. n.a.
4. MDIA 0.0% 0.0% -10.7% -67.9% -73.7%
Shares Traded 2017 2018 2019 2020 2021 5. MARI -59.2% -65.3% -64.4% -31.3% 36.9%
Volume 5,521 6,462 12,255 21,728 12,174
Value 8,655 7,029 14,068 20,996 11,656 Note:
Index Membership

1. BISNIS-27 11. JII 21.
3. IDX80 13. KOMPAS100 23.
4. IDXCYCLIC 14. LQ45 24.
6. IDXQ30 16. MNC36 26.
7. IDXSMC-COM 17. PEFINDO25 27.
9. IDXV30 19. 29.
10. ISSI 20. 30.


Date: 29 Jul 2022 v2.0.0

25
Current Assets 7,336,848 7,636,544 8,315,808 9,750,002 9,507,802
- - - - - -
Fixed Asset 5,541,768 5,682,365 5,781,219 5,842,747 6,272,937 20
- - - - - -
Total Assets 16,339,552 17,836,430 18,923,235 21,369,004 21,947,437 15
Trade Payable 311,632 204,790 124,780 55,884 59,677

Curr. Maturities - Bank Loans 435,623 595,269 783,603 1,228,335 663,973 10
- - - - - -
- - - - - - 5
Long-term Bank Loans 3,176,477 2,864,457 2,083,280 551,434 439,199 -
- - - - - - 2018 2019 2020 2021 2022
- - - - - -
Common Stocks 1,427,610 1,427,610 1,504,979 1,504,979 1,504,979 18,758
Par Value 100 100 100 100 100
14,462
12,526
Total Equity 10,642,305 12,525,502 14,461,907 17,518,750 18,757,685
10,642
Revenues 7,443,905 8,353,365 7,956,238 9,621,841 5,274,312
Gross Profit 4,618,903 5,322,877 4,905,566 5,630,012 2,958,089
Finance Costs -352,721 -436,131 -422,210 -262,199 -93,654
EBT 2,103,569 2,939,118 2,339,661 3,212,440 1,674,667
Tax -497,948 -586,589 -468,633 -635,741 -331,932
2018 2019 2020 2021 2022
8,353
7,956
Net Cash - Investing -1,625,457 -1,332,132 -1,171,682 -609,621 -562,203 7,444
Net Cash - Financing -131,119 -481,111 101,738 -1,704,919 -707,501
Net Increase/Decrease in C&CE 251,262 -89,378 309,326 346,081 115,222 5,274
C&CE, end of period 720,247 630,869 940,195 1,286,276 1,401,498
Current Ratio (%) 3.41 3.57 3.85 3.13 3.72
DAR (x) 0.35 0.30 0.24 0.18 0.15
DER (x) 0.54 0.42 0.31 0.22 0.17
EPS (IDR) 116.79 154.62 129.03 136.65 172.57 2018 2019 2020 2021 2022
PER (x) 5.91 10.54 8.84 6.59 5.42

BV (IDR) 745 877 961 1,164 1,246 Profit/Loss for the Period (Bill. Rp)
PBV (x) 1.72 0.79 1.70 0.98 0.72
ROA (%) 9.83 13.19 9.89 12.06 6.12
ROE (%) 15.09 18.78 12.94 14.71 7.16 2,577
2,353
GPM (%) 62.05 63.72 61.66 58.51 56.08
OPM (%) 36.81 39.01 35.45 35.73 34.10 1,871
NPM (%) 21.57 28.16 23.52 26.78 25.46 1,606
DPS (IDR) 15.00 15.00 0.00 16.00 0.00 1,343
DPR (%) 12.84 9.70 0.00 11.71 0.00
Dividend Yield (%) 1.17 2.17 0.00 1.40 0.00
2018 2019 2020 2021 2022

PGAS
Perusahaan Gas Negara Tbk.

PGAS Perusahaan Gas Negara Tbk.

Date: 29 Jul 2022 v2.0.0

PT Perusahaan Gas Negara Tbk. has a main business field of Natural gas Established Listing Date IPO Price (IDR) IPO Lead Underwriter
distribution and transmission. The company's President Director and President PT Danareksa
Commisioner are Muhamad Haryo Yunianto and Arcandra Tahar. The largest 13 May 1965 15 Dec 2003 1,500 Sekuritas
shareholder of the company is PT Pertamina (Persero) (56.96%). The
percentage of public shareholding (<5%) is 43.04%. The company has 6 Stock Overview
subsidiaries. One of the biggest subsidiaries is PT Saka Energi Indonesia.
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=PGAS

Domestic 87,322.2 33,643.0
Foreign 17,718.9 10,614.0 A Energy A11 Oil & Gas
Others 21.64% 25.08% A1 Oil, Gas & Coal A112 Oil & Gas Storage & Distribution
Year 2021 YTD 2022
Total 105,041.1 44,257.1
Fundamental & ESG
YTD 2022
7.92x 0.83x 27.39 Medium
D 12,985.1 3,014.5 15,999.6
-361.9 1,643.8
Buy

D 36,942.1 6,900.0 43,842.0 "Foreign Buy-Domestic Sell" minus "Foreign Sell- PGAS Sector PER Market PER
Domestic Buy".
10.62x 13.92x

2022 F - Rp124.42 08-Jun-22 09-Jun-22 29-Jun-22 2008 SS 04-Aug-08 11,600 500:100 2,325 0.200
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 - - - - - - -
2017 F - Rp75.18 15-May-17 17-May-17 07-Jun-17 - - - - - - -
Industry Peers
1. PGAS Perusahaan Gas Negara 40,725.73 06/30/22 107,685,067 49,625,618 58,059,449 25,897,300 4,142,293
2. AKRA AKR Corporindo Tbk. 25,091.84 06/30/22 27,834,656 11,991,551 15,843,105 22,109,453 927,411
3. HITS Humpuss Intermoda 5,112.78 06/30/22 3,413,258 1,037,022 2,376,236 804,868 112,208
4. RAJA Rukun Raharja Tbk. 4,058.00 06/30/22 3,685,942 1,898,758 1,787,184 834,726 50,291
5. SHIP Sillo Maritime Perdana Tbk. 3,399.74 06/30/22 4,902,646 2,401,565 2,501,081 801,079 157,307
1. PGAS Perusahaan Gas Negara Tbk. 7.92 0.83 3.85 7.13 0.46 0.85
2. AKRA AKR Corporindo Tbk. 16.54 2.09 3.33 5.85 0.43 0.76
3. HITS Humpuss Intermoda Transportasi -36.40 5.27 3.29 4.72 0.30 0.44
4. RAJA Rukun Raharja Tbk. 78.78 2.22 1.36 2.81 0.52 1.06
5. SHIP Sillo Maritime Perdana Tbk. 17.33 1.52 3.21 6.29 0.49 0.96


Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 PGAS*
69.70%
IHSG
14.02%
LQ45
17.89%
Sector**
Highest 1,055 1,200 1,560 1,630 1,500 1,400 1,460 1,595 1,450 1,800 1,820 1,685
Lowest 990 1,030 1,280 1,455 1,360 1,275 1,360 1,365 1,325 1,450 1,590 1,530
Close 1,035 1,190 1,510 1,500 1,375 1,380 1,440 1,405 1,450 1,800 1,590 1,680
Adj. Close* 1,035 1,190 1,510 1,500 1,375 1,380 1,440 1,405 1,450 1,800 1,590 1,680
Growth (%) 14.98% 26.89% -0.66% -8.33% 0.36% 4.35% -2.43% 3.20% 24.14% -11.67% 5.66%
Volume (mill.) 1,924 3,387 5,184 3,621 1,800 1,369 1,374 2,461 1,610 2,842 2,877 1,844
Value (bill.) 1,969 3,742 7,609 5,559 2,607 1,823 1,942 3,615 2,237 4,585 4,983 2,943
Frequency (th.) 162 242 475 336 185 152 152 275 172 251 288 175
Days 20 22 20 22 22 21 19 19 20 22 21 20
Price (IDR) 2017 2018 2019 2020 2021 Industry: Oil & Gas Storage & Distribution
Lowest 1,580 1,525 1,805 605 975
Close 1,750 2,120 2,170 1,655 1,375 1. PGAS 21.7% 22.2% 72.3% -18.0% -30.6%
Adj. Close* 1,750 2,120 2,170 1,655 1,375 2. AKRA 71.2% 52.1% 73.6% 56.3% -0.8%
Growth (%) 21.14% 2.36% -23.73% -16.92% 3. HITS 115.6% 87.5% 85.6% 15.2% -8.9%
4. RAJA 448.6% 427.5% 389.8% 275.0% 392.3%
Shares Traded 2017 2018 2019 2020 2021 5. SHIP 32.3% 27.6% 104.9% 60.3% 74.8%
Volume 11,717 24,981 13,020 36,696 38,494
Value 23,633 54,178 28,653 44,144 52,521 Note:
Index Membership

1. BISNIS-27 11. IDXSMC-COM 21. SRI-KEHATI
3. ESGQKEHATI 13. IDXV30 23.
5. IDX30 15. JII 25.
6. IDX80 16. JII70 26.
7. IDXBUMN20 17. KOMPAS100 27.
8. IDXENERGY 18. LQ45 28.
10. IDXMESBUMN 20. SMinfra18 30.


Date: 29 Jul 2022 v2.0.0

Inventories 1,141,670 987,275 971,750 781,265 857,895 Asset Liabilities
140
Current Assets 35,971,218 30,950,369 28,291,609 31,265,869 31,789,060
- - - - - - 120
Fixed Asset 63,549,426 59,238,651 65,084,334 63,467,948 63,573,914
100
- - - - - -
Total Assets 115,452,910 102,826,430 106,266,878 107,173,730 107,685,067 80
Trade Payable 3,108,976 3,626,983 3,033,637 2,360,764 2,614,885
60
- - - - - - 40
- - - - - -

- - - - - -
Common Stocks 5,002,722 4,797,343 4,852,386 4,908,805 5,119,688
Par Value 100 100 100 100 100
46,562
Total Equity 46,561,895 45,102,326 41,686,465 46,872,589 49,625,618
45,102
Revenues 56,281,419 53,670,368 40,700,487 43,322,125 25,897,300 41,686
Gross Profit 19,042,752 17,115,660 12,051,557 8,373,744 -
Finance Costs -2,231,172 -2,406,149 -2,416,482 -2,187,211 -978,417
EBT 8,505,678 3,903,240 -2,473,390 6,677,020 5,499,011
Tax -3,203,103 -2,327,717 -570,015 -1,475,483 -1,356,718
2018 2019 2020 2021 2022
Profit/Loss for the period 5,302,575 1,575,523 -3,043,405 5,201,538 4,142,293
Profit/Loss Period Attributable 4,435,187 942,460 -3,734,631 4,335,263 3,550,257
Comprehensive Income 4,898,269 1,809,822 -2,980,202 5,036,861 4,207,771 Total Revenue (Bill. Rp)
Comprehensive Attributable 4,021,837 1,167,216 -3,669,477 4,169,590 3,615,735 56,281
53,670
40,700
Net Cash - Investing -10,528,766 -13,105,115 578,893 -1,686,287 123,076
Net Cash - Financing -154,261 -2,163,468 -4,407,952 -1,907,590 -7,784,705
C&CE, end of period 19,126,139 14,508,050 16,630,423 21,450,498 20,012,943
Current Ratio (%) 1.54 1.98 1.70 2.49 2.46
DAR (x) 0.60 0.56 0.61 0.56 0.54
DER (x) 1.48 1.28 1.55 1.29 1.17
EPS (IDR) 208.89 124.11 -3.84 -17.75 212.03 2018 2019 2020 2021 2022
PER (x) 10.15 17.49 -431.39 -77.46 7.50

PBV (x) 0.91 1.14 1.26 0.86 0.67
ROA (%) 4.59 1.53 -2.86 4.85 3.85 5,303 5,202
ROE (%) 11.39 3.49 -7.30 11.10 8.35 4,142
GPM (%) 33.83 31.89 29.61 19.33 n.a.
OPM (%) 16.02 13.47 11.29 13.83 19.43
NPM (%) 9.42 2.94 -7.48 12.01 16.00 1,576
DPS (IDR) 31.61 56.99 41.56 0.00 124.42

DPR (%) 15.13 45.92 n.a. 0.00 58.68
Dividend Yield (%) 1.81 2.69 1.92 0.00 9.05
-3,043
2018 2019 2020 2021 2022

PTBA
Bukit Asam Tbk.

PTBA Bukit Asam Tbk.

Date: 29 Jul 2022 v2.0.0

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

Domestic 39,480.6 40,346.4
Year 2021 YTD 2022
Total 48,421.3 50,715.1
Fundamental & ESG
YTD 2022
5.12x 1.87x 33.00 High
D 16,246.2 3,801.1 20,047.3
632.1 251.8
Buy

D 16,254.5 3,169.8 19,424.3 "Foreign Buy-Domestic Sell" minus "Foreign Sell- PTBA Sector PER Market PER
Domestic Buy".
10.62x 13.92x

2022 F - Rp688.52 06-Jun-22 07-Jun-22 24-Jun-22 2017 SS 14-Dec-17 11,200 5:1 2,240 0.200
2021 F - Rp74.69 14-Apr-21 15-Apr-21 07-May-21 - - - - - - -
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. ADRO Adaro Energy Indonesia Tbk. 103,954.38 06/30/22 130,793,597 81,949,415 48,844,182 52,702,341 20,022,273
5. GEMS Golden Energy Mines Tbk. 37,794.12 06/30/22 16,068,171 7,598,808 8,469,363 19,863,085 5,088,126
2. ADRO Adaro Energy Indonesia Tbk. 5.77 1.47 15.31 40.99 0.63 1.68
5. GEMS Golden Energy Mines Tbk. 6.94 5.83 31.67 60.08 0.47 0.90


Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 PTBA*
91.96%
IHSG
14.02%
LQ45
17.89%
Sector**
Highest 2,370 2,760 2,890 2,700 2,800 2,900 3,170 3,620 3,820 4,530 4,630 4,300
Lowest 2,080 2,180 2,640 2,510 2,600 2,670 2,790 3,190 3,330 3,650 3,680 3,680
Close 2,110 2,760 2,680 2,600 2,710 2,850 3,140 3,290 3,820 4,530 3,820 4,300
Adj. Close* 2,110 2,760 2,680 2,600 2,710 2,850 3,140 3,290 3,820 4,530 3,820 4,300
Growth (%) 30.81% -2.90% -2.99% 4.23% 5.17% 10.18% 4.78% 16.11% 18.59% -15.67% 12.57%
Volume (mill.) 502 1,687 1,337 540 554 620 616 1,115 693 1,328 1,775 707
Value (bill.) 1,102 3,974 3,725 1,415 1,510 1,734 1,833 3,757 2,515 5,459 7,230 2,829
Frequency (th.) 107 174 242 109 98 102 101 192 128 212 324 171
Days 20 22 20 22 22 21 19 20 20 20 21 20
Lowest 2,240 2,440 2,150 1,485 2,000
Close 2,460 4,300 2,660 2,810 2,710 1. PTBA 50.9% 58.7% 92.8% 56.9% 97.7%
Adj. Close* 492 4,300 2,660 2,810 2,710 2. ADRO 45.1% 44.4% 143.4% 155.9% 118.9%
Growth (%) 773.98% -38.14% 5.64% -3.56% 3. ADMR 45.3% n.a. n.a. n.a. n.a.
4. ITMG 82.9% 94.1% 133.6% 135.4% 161.4%
Shares Traded 2017 2018 2019 2020 2021 5. GEMS -7.2% -19.2% 66.9% 152.0% 114.2%
Volume 1,158 9,020 7,343 11,504 9,467
Value 10,497 34,621 22,668 25,855 24,211 Note:
Index Membership

1. BISNIS-27 11. IDXSMC-LIQ 21.
2. COMPOSITE 12. IDXV30 22.
3. IDX30 13. Investor33 23.
4. IDX80 14. ISSI 24.
5. IDXBUMN20 15. JII 25.
6. IDXENERGY 16. JII70 26.
7. IDXHIDIV20 17. KOMPAS100 27.
8. IDXMESBUMN 18. LQ45 28.
9. IDXQ30 19. MBX 29.
10. IDXSMC-COM 20. MNC36 30.


Date: 29 Jul 2022 v2.0.0

Inventories 1,551,135 1,383,064 805,436 1,207,585 1,704,653 Asset Liabilities
40
Current Assets 11,739,344 11,679,884 8,364,356 18,211,500 16,498,602
- - - - - - 35
Fixed Asset 6,547,586 7,272,751 7,863,615 8,321,231 8,419,751 30

- - - - - -
25
Total Assets 24,172,933 26,098,052 24,056,755 36,123,703 35,913,004
Trade Payable 1,047,997 1,020,094 697,381 1,270,363 1,936,242 20

- - - - - -
10
- - - - - -
Long-term Bank Loans 233,488 10,121 5,993 2,240 320 -
- - - - - - 2018 2019 2020 2021 2022
- - - - - -
Common Stocks 1,152,066 1,152,066 1,152,066 1,152,066 1,152,066
24,254
Par Value 100 100 100 100 100 22,705
Total Equity 16,269,696 18,422,826 16,939,196 24,253,724 22,704,586 18,423
16,270 16,939
Revenues 21,166,993 21,787,564 17,325,192 29,261,468 18,423,063
Gross Profit 8,545,793 7,611,504 4,566,260 13,484,223 8,351,573
Finance Costs -103,543 -127,670 -132,515 -158,426 -63,536
EBT 6,858,075 5,455,162 3,231,685 10,358,675 7,824,892
Tax -1,736,963 -1,414,768 -823,758 -2,321,787 -1,549,048
2018 2019 2020 2021 2022

Net Cash - Investing -1,576,781 -3,784,778 113,585 -9,838,749 1,812,199 21,167 21,788
Net Cash - Financing -3,585,132 -2,033,191 -4,083,158 -911,583 -8,248,384 18,423
17,325
Net Increase/Decrease in C&CE 2,705,873 -1,521,490 -455,945 44,743 -265,930
C&CE, end of period 6,301,163 4,756,801 4,340,947 4,394,195 4,165,096
Current Ratio (%) 2.38 2.49 2.16 2.43 2.00
DAR (x) 0.33 0.29 0.30 0.33 0.37
DER (x) 0.49 0.42 0.42 0.49 0.58
EPS (IDR) 501.75 364.16 232.96 471.03 840.58 2018 2019 2020 2021 2022
PER (x) 8.57 7.30 12.06 5.75 4.54

PBV (x) 1.74 2.69 1.81 1.33 1.38
ROA (%) 21.19 15.48 10.01 22.25 17.48
8,037
ROE (%) 31.48 21.93 14.22 33.14 27.64
GPM (%) 40.37 34.94 26.36 46.08 45.33
6,276
OPM (%) 28.10 22.25 14.05 33.80 37.76
NPM (%) 24.19 18.54 13.90 27.47 34.07 5,121
DPS (IDR) 318.52 339.63 326.46 149.39 688.52 4,040
DPR (%) 63.48 93.27 140.14 31.72 81.91

Dividend Yield (%) 12.95 7.90 12.27 5.32 25.41 2,408
2018 2019 2020 2021 2022

SMGR
Semen Indonesia (Persero) Tbk.

SMGR Semen Indonesia (Persero) Tbk.

Date: 29 Jul 2022 v2.0.0

PT Semen Indonesia (Persero) Tbk. has a main business field of Cement Established Listing Date IPO Price (IDR) IPO Lead Underwriter
manufacturer. The company's President Director and President Commisioner are PT Buanamas
Donny Arsal and Rudiantara. 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
48.99%. The company has 36 subsidiaries. One of the biggest subsidiaries is PT Stock Overview
Semen Indonesia Industri Bangunan.
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=SMGR

Domestic 24,693.2 15,286.3
60% 62% Institution 38.98% 32.71%
Foreign 16,490.4 9,204.9 B Basic Materials B12 Construction Materials
40%
38%
Others 20.16% 18.79% B1 Basic Materials B121 Construction Materials
Year 2021 YTD 2022
Total 41,183.6 24,491.2
Fundamental & ESG
YTD 2022
18.70x 0.98x 34.53 High
D 4,969.7 2,658.0 7,627.7
-2,070.6 30.9
Buy

D 7,637.6 5,744.4 13,381.9 "Foreign Buy-Domestic Sell" minus "Foreign Sell- SMGR Sector PER Market PER
Domestic Buy".
11.79x 13.92x

2022 F - Rp172.64 11-Apr-22 12-Apr-22 28-Apr-22 2007 SS 07-Aug-07 51,200 10:1 5,150 0.100
2021 F - Rp188.30 08-Apr-21 09-Apr-21 29-Apr-21 1995 RI 26-Jul-95 15,100 1:3 6,250 0.413
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) 38,703.17 06/30/22 73,409,919 40,034,041 33,375,878 15,876,160 868,227
2. BEBS Berkah Beton Sadaya Tbk. 42,030.00 06/30/22 813,466 730,950 82,516 345,804 82,217
3. INTP Indocement Tunggal 34,235.45 06/30/22 23,454,801 18,322,629 5,132,172 6,911,076 291,548
4. CMNT Cemindo Gemilang Tbk. 17,724.90 06/30/22 18,949,574 4,143,559 14,806,015 4,464,209 59,019
5. SMCB Solusi Bangun Indonesia 14,701.59 06/30/22 21,871,641 11,224,191 10,647,450 5,581,801 260,974
1. SMGR Semen Indonesia (Persero) Tbk. 18.70 0.98 1.18 2.60 0.55 1.20
2. BEBS Berkah Beton Sadaya Tbk. 276.20 57.50 10.11 99.64 0.90 8.86
3. INTP Indocement Tunggal Prakarsa Tbk. 21.14 1.67 1.24 5.68 0.78 3.57
4. CMNT Cemindo Gemilang Tbk. 95.35 4.27 0.31 0.40 0.22 0.28
5. SMCB Solusi Bangun Indonesia Tbk. 19.80 1.29 1.19 2.45 0.51 1.05


Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 SMGR*
-16.35%
IHSG
14.02%
LQ45
17.89%
Sector**
Highest 9,550 9,200 9,100 9,900 8,125 7,375 7,400 7,100 6,850 7,300 7,625 6,875
Lowest 7,800 7,850 7,875 8,000 7,225 6,625 6,875 6,300 5,950 6,100 6,550 6,375
Close 9,250 8,200 9,100 8,000 7,250 6,725 7,200 6,650 6,400 7,300 7,125 6,525
Adj. Close* 9,250 8,200 9,100 8,000 7,250 6,725 7,200 6,650 6,400 7,300 7,125 6,525
Growth (%) -11.35% 10.98% -12.09% -9.38% -7.24% 7.06% -7.64% -3.76% 14.06% -2.40% -8.42%
Volume (mill.) 101 156 458 371 417 260 241 296 220 284 287 215
Value (bill.) 889 1,333 3,891 3,350 3,247 1,808 1,724 1,981 1,393 1,888 2,050 1,402
Frequency (th.) 74 86 198 155 160 110 92 122 96 101 123 80
Days 20 22 20 22 22 21 18 18 22 18 19 20
Price (IDR) 2017 2018 2019 2020 2021 Industry: Construction Materials
Lowest 8,600 6,725 10,475 5,875 7,225
Close 9,900 11,500 12,000 12,425 7,250 1. SMGR -3.0% -10.0% -15.3% -49.3% -26.7%
Adj. Close* 9,900 11,500 12,000 12,425 7,250 2. BEBS -26.7% -20.5% 772.9% n.a. n.a.
Growth (%) 16.16% 4.35% 3.54% -41.65% 3. INTP -15.1% -23.1% 5.7% -58.6% -47.8%
4. CMNT -6.3% -6.3% n.a. n.a. n.a.
Shares Traded 2017 2018 2019 2020 2021 5. SMCB -6.3% -3.6% -8.9% 16.4% 81.1%
Volume 1,543 2,014 2,178 1,717 2,248
Value 15,051 19,276 26,928 16,567 20,592 Note:
Index Membership

1. BISNIS-27 11. IDXSMC-COM 21. SRI-KEHATI
3. ESGQKEHATI 13. Investor33 23.
5. I-GRADE 15. JII 25.
6. IDX30 16. JII70 26.
7. IDX80 17. KOMPAS100 27.
8. IDXBASIC 18. LQ45 28.
10. IDXMESBUMN 20. SMinfra18 30.


Date: 29 Jul 2022 v2.0.0

90
Current Assets 16,007,686 16,658,531 15,564,604 15,270,235 12,823,102
Fixed Asset 32,748,896 56,601,702 56,053,483 54,720,267 53,943,615 70

- - - - - - 60
Total Assets 51,155,890 79,807,067 78,006,244 76,504,240 73,409,919
50
Trade Payable 4,476,149 5,669,759 6,520,699 7,612,522 6,317,398
40
Curr. Maturities - Bank Loans 83,739 2,052,348 1,100,000 - -
Curr. Maturities - Bonds Payable - - - 2,999,175 - 30
- - - - - - 20

- - - - - -
Common Stocks 593,152 593,152 593,152 593,152 593,152
Par Value 100 100 100 100 100 33,892

35,653
32,736
Total Equity 32,736,296 33,891,924 35,653,335 39,782,883 40,034,041
Revenues 30,687,626 40,368,107 35,171,668 34,957,871 15,876,160
Gross Profit 9,330,530 12,713,983 11,617,101 10,953,331 4,409,952
Finance Costs -959,259 -3,205,298 -2,320,781 -1,627,731 -662,527
EBT 4,104,959 3,195,775 3,488,650 3,470,137 1,321,606
Tax -1,019,255 -824,542 -814,307 -1,387,790 -453,379
2018 2019 2020 2021 2022
Profit/Loss Period Attributable 3,079,115 2,392,151 2,792,321 2,021,190 828,763
40,368
35,172 34,958
30,688
Net Cash - Investing -1,789,552 -17,160,548 -2,251,194 -1,789,177 607,889
Net Cash - Financing -1,064,938 10,284,852 -6,003,196 -5,360,657 -2,323,686
Net Increase/Decrease in C&CE 1,607,970 -1,266,765 -1,033,133 -461,045 -484,707
C&CE, end of period 5,245,731 3,950,448 2,930,598 2,470,289 1,990,270 15,876
Current Ratio (%) 1.95 1.36 1.35 1.07 1.13
DAR (x) 0.36 0.58 0.54 0.48 0.45
DER (x) 0.56 1.35 1.19 0.92 0.83
EPS (IDR) 445.36 385.52 444.91 444.78 348.88 2018 2019 2020 2021 2022
PER (x) 25.82 31.13 27.93 16.30 20.42

PBV (x) 1.79 2.01 2.00 1.85 1.07
ROA (%) 6.03 2.97 3.43 2.72 1.18
3,086
ROE (%) 9.43 7.00 7.50 5.23 2.17
GPM (%) 30.40 31.50 33.03 31.33 27.78 2,674
2,371
OPM (%) 15.55 15.09 16.07 14.36 11.83
2,082
NPM (%) 10.06 5.87 7.60 5.96 5.47
DPS (IDR) 135.83 207.64 40.33 376.60 172.64
DPR (%) 30.50 53.86 9.06 84.67 49.48
Dividend Yield (%) 1.37 1.81 0.34 3.03 2.38 868
2018 2019 2020 2021 2022

TBIG
Tower Bersama Infrastructure Tbk.

TBIG Tower Bersama Infrastructure Tbk.

Date: 29 Jul 2022 v2.0.0

PT Tower Bersama Infrastructure Tbk. has a main business field of Integrated Established Listing Date IPO Price (IDR) IPO Lead Underwriter
telecommunications infrastructure service provider through subsidiaries. The PT UBS Securities
company's President Director and President Commisioner are Herman Setya 08 Nov 2004 26 Oct 2010 2,025 Indonesia
Budi and Edwin Soeryadjaya. The largest shareholder of the company is
BERSAMA DIGITAL INFRASTRUCTURE ASIA PTE LTD (73.34%). The Stock Overview
percentage of public shareholding (<5%) is 17.36%. The company has 11
subsidiaries. One of the biggest subsidiaries is PT Tower Bersama and Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=TBIG

Domestic 55,313.3 42,763.3
70% 74%
Year 2021 YTD 2022
Total 78,601.7 119,426.7
Fundamental & ESG
YTD 2022
40.96x 6.79x 27.58 Medium
D 8,236.7 2,049.5 10,286.2
1,358.2 22,190.9
Buy

D 21,313.1 5,664.4 26,977.5 "Foreign Buy-Domestic Sell" minus "Foreign Sell- TBIG Sector PER Market PER
Domestic Buy".
17.42x 13.92x

2022 F - Rp36.00 03-Jun-22 06-Jun-22 22-Jun-22 2019 SS 14-Nov-19 5,475 5:1 1,095 0.200
2021 F - Rp32.00 09-Apr-21 12-Apr-21 29-Apr-21 - - - - - - -
2021 F - Rp32.00 09-Apr-21 12-Apr-21 29-Apr-21 - - - - - - -
2020 F - Rp28.00 02-Jun-20 03-Jun-20 19-Jun-20 - - - - - - -
2019 F - Rp138.69 31-May-19 10-Jun-19 21-Jun-19 - - - - - - -
Industry Peers
1. TBIG Tower Bersama 69,556.99 06/30/22 42,678,160 13,157,942 29,520,218 3,303,552 849,048
2. MTEL Dayamitra Telekomunikasi 60,966.28 06/30/22 55,063,266 33,494,750 21,568,516 3,726,407 891,544
3. TOWR Sarana Menara Nusantara 59,942.18 06/30/22 63,373,364 12,921,101 50,452,263 5,316,332 1,705,647
4. ISAT Indosat Tbk. 53,818.54 06/30/22 104,432,908 30,276,637 74,156,271 22,526,574 3,566,904
1. TBIG Tower Bersama Infrastructure Tbk. 40.96 6.79 1.99 2.88 0.31 0.45
2. MTEL Dayamitra Telekomunikasi Tbk. 38.79 1.82 1.62 4.13 0.61 1.55
3. TOWR Sarana Menara Nusantara Tbk. 17.17 4.64 2.69 3.38 0.20 0.26
4. ISAT Indosat Tbk. 12.19 1.78 3.42 4.81 0.29 0.41


Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 TBIG*
-3.76%
IHSG
14.02%
LQ45
17.89%
Sector**
Highest 3,220 3,170 3,010 3,080 3,200 3,050 2,940 3,000 3,120 3,060 2,950 3,240
Lowest 2,920 2,910 2,810 2,750 2,950 2,780 2,720 2,840 2,880 2,760 2,790 2,870
Close 3,130 2,960 2,940 3,020 2,950 2,880 2,940 2,870 3,010 2,950 2,940 3,070
Adj. Close* 3,130 2,960 2,940 3,020 2,950 2,880 2,940 2,870 3,010 2,950 2,940 3,070
Growth (%) -5.43% -0.68% 2.72% -2.32% -2.37% 2.08% -2.38% 4.88% -1.99% -0.34% 4.42%
Volume (mill.) 1,029 1,029 860 1,114 861 743 652 754 15,030 679 477 713
Value (bill.) 3,173 3,120 2,476 3,250 2,645 2,165 1,854 2,199 47,996 1,969 1,370 2,161
Frequency (th.) 129 132 121 124 95 78 68 81 73 78 60 59
Days 20 22 20 22 22 21 21 18 21 20 20 19
Lowest 4,940 3,520 1,000 740 1,610
Close 6,425 3,600 1,230 1,630 2,950 1. TBIG 6.6% 4.1% -4.4% 265.5% 171.7%
Adj. Close* 1,285 720 246 1,630 2,950 2. MTEL -7.6% -12.0% n.a. n.a. n.a.
Growth (%) -43.97% -65.83% 562.60% 80.98% 3. TOWR 14.6% 4.4% -19.8% 58.8% 60.1%
4. ISAT 16.6% 7.7% 13.1% 95.7% -9.2%
Shares Traded 2017 2018 2019 2020 2021 5. SUPR 128.4% 136.2% 356.9% 437.5% 462.3%
Volume 841 544 4,108 14,305 14,918
Value 5,020 2,690 13,711 17,480 39,301 Note:
Index Membership

1. BISNIS-27 11. LQ45 21.
3. ESGSKEHATI 13. SMinfra18 23.
4. IDX30 14. 24.
5. IDX80 15. 25.
6. IDXESGL 16. 26.
7. IDXG30 17. 27.
8. IDXINFRA 18. 28.
9. Investor33 19. 29.
10. KOMPAS100 20. 30.


Date: 29 Jul 2022 v2.0.0

Cash & Cash Equivalents 220,586 525,242 947,341 629,125 718,371
45
Current Assets 2,027,465 2,376,740 3,227,394 3,021,253 3,475,458
Fixed Asset 21,878,608 24,649,294 28,738,362 33,637,904 34,606,332 35

- - - - - - 30
Total Assets 29,113,747 30,871,710 36,521,303 41,870,435 42,678,160
25
Trade Payable 231,711 247,591 571,000 37,435 159,408
20
Curr. Maturities - Bank Loans - - 3,857,445 148,885 133,622
Curr. Maturities - Bonds Payable - - 6,900,451 5,465,457 5,168,032 15
- - - - - - 10

- - - - - -
Common Stocks 453,140 453,140 453,140 453,140 453,140 13,158
Par Value 100 20 20 20 20
9,789
Total Equity 3,679,565 5,523,284 9,303,838 9,789,238 13,157,942
Revenues 4,318,137 4,698,742 5,327,689 6,179,584 3,303,552 5,523
Gross Profit 3,534,055 3,795,288 4,234,624 4,706,804 - 3,680

Finance Costs -2,071,597 -2,016,910 -2,158,316 -2,136,045 -944,907
EBT 1,034,285 1,303,989 1,665,177 1,935,964 945,929
Tax -331,653 -437,868 -598,601 -334,611 -96,881
2018 2019 2020 2021 2022
Profit/Loss for the period 702,632 866,121 1,066,576 1,601,353 849,048
Profit/Loss Period Attributable 680,581 819,454 1,009,625 1,548,975 826,143
Comprehensive Income 1,772,575 2,398,818 4,398,787 1,362,365 930,509 Total Revenue (Bill. Rp)
Comprehensive Attributable 1,740,522 2,285,137 4,323,265 1,311,014 896,539
6,180
5,328
4,699
Net Cash - Financing -1,229,193 -1,339,700 -1,316,568 2,388,389 -1,138,435
Net Increase/Decrease in C&CE -194,100 312,232 418,002 -322,573 79,916 3,304
C&CE, end of period 220,586 525,242 947,341 629,125 718,371
Current Ratio (%) 0.32 0.53 0.23 0.36 0.40
DAR (x) 0.87 0.82 0.75 0.77 0.69
DER (x) 6.91 4.59 2.93 3.28 2.24
EPS (IDR) 455.21 29.53 42.15 59.28 74.96 2018 2019 2020 2021 2022
PER (x) 7.91 41.65 38.67 49.76 39.22

PBV (x) 7.91 14.77 3.00 3.77 5.08
ROA (%) 2.41 2.81 2.92 3.82 1.99
1,601
ROE (%) 19.10 15.68 11.46 16.36 6.45
GPM (%) 81.84 80.77 79.48 76.17 n.a.
OPM (%) 73.01 71.70 71.63 69.68 65.22
1,067
NPM (%) 16.27 18.43 20.02 25.91 25.70
866 849
DPS (IDR) 169.11 138.69 28.00 64.00 36.00
703
DPR (%) 37.15 469.64 66.43 107.96 48.03
Dividend Yield (%) 2.63 3.85 2.28 3.93 1.22
2018 2019 2020 2021 2022

TINS
Timah Tbk.
TINS Timah Tbk.

Date: 29 Jul 2022 v2.0.0

PT Timah Tbk. has a main business field of Metal and mineral mining. The Established Listing Date IPO Price (IDR) IPO Lead Underwriter
company's President Director and President Commisioner are Achmad Ardianto PT Niaga Securities
and M Alfan Baharudin. The largest shareholder of the company is PT 17 Apr 1961 19 Oct 1995 2,900
INDONESIA ASAHAN ALUMINIUM (PERSERO) (65.00%). The percentage of
public shareholding (<5%) is 53.46%. The company has 12 subsidiaries. One of Stock Overview
the biggest subsidiaries is Indometal (London) Limited.
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=TINS

Domestic 68,197.2 17,061.1
90%
10%
Year 2021 YTD 2022
Total 75,498.6 21,459.6
Fundamental & ESG
YTD 2022
5.74x 1.55x 60.10 Severe
D 6,797.5 1,414.7 8,212.3
-344.4 636.6
Buy

D 30,834.7 3,436.1 34,270.8 "Foreign Buy-Domestic Sell" minus "Foreign Sell- TINS Sector PER Market PER
Domestic Buy".
11.79x 13.92x

2022 F - Rp61.22 06-Jun-22 07-Jun-22 24-Jun-22 2014 BS 17-Apr-14 2,045 544:261 1,380 0.676
2019 F - Rp24.97 03-May-19 06-May-19 24-May-19 2008 SS 08-Aug-08 29,400 500:50 2,950 0.100
2018 F - Rp23.61 24-Apr-18 26-Apr-18 17-May-18 - - - - - - -
2016 F - Rp4.09 15-Apr-16 19-Apr-16 10-May-16 - - - - - - -
2015 F - Rp25.70 06-Apr-15 08-Apr-15 29-Apr-15 - - - - - - -
Industry Peers
1. TINS Timah Tbk. 10,873.72 06/30/22 14,375,636 7,051,694 7,323,942 7,478,785 1,082,074
5. NIKL Pelat Timah Nusantara Tbk. 2,081.76 06/30/22 3,066,486 871,133 2,195,353 2,032,708 85,115
1. TINS Timah Tbk. 5.74 1.55 7.53 14.77 0.49 0.96
5. NIKL Pelat Timah Nusantara Tbk. 15.76 2.39 2.78 3.88 0.28 0.40

TINS Timah Tbk.

Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 TINS*
-13.35%
IHSG
14.02%
LQ45
17.89%
Sector**
Highest 1,685 1,540 1,725 1,680 1,595 1,480 1,615 1,855 2,050 1,900 1,995 1,505
Lowest 1,420 1,455 1,465 1,540 1,455 1,260 1,370 1,565 1,825 1,630 1,450 1,270
Close 1,525 1,510 1,590 1,580 1,455 1,380 1,590 1,820 1,855 1,900 1,450 1,460
Adj. Close* 1,525 1,510 1,590 1,580 1,455 1,380 1,590 1,820 1,855 1,900 1,450 1,460
Growth (%) -0.98% 5.30% -0.63% -7.91% -5.15% 15.22% 14.47% 1.92% 2.43% -23.68% 0.69%
Volume (mill.) 550 606 1,465 561 245 426 688 1,841 1,145 722 1,002 522
Value (bill.) 837 917 2,411 907 374 593 1,026 3,165 2,210 1,254 1,759 724
Frequency (th.) 112 98 213 93 64 82 102 246 168 103 177 110
Days 20 22 20 22 22 21 16 20 21 20 20 18
Lowest 755 620 705 352 1,410
Close 775 755 825 1,485 1,455 1. TINS 5.8% 0.3% -12.3% 41.1% 74.9%
Adj. Close* 775 755 825 1,485 1,455 2. ANTM 10.5% -13.1% -22.4% 109.1% 220.5%
Growth (%) -2.58% 9.27% 80.00% -2.02% 3. BRMS 68.3% 101.7% 162.6% 436.6% 300.4%
4. IFSH -24.7% -43.0% 8.0% n.a. n.a.
Shares Traded 2017 2018 2019 2020 2021 5. NIKL -8.8% -15.4% -24.0% -38.0% -84.3%
Volume 4,854 4,361 10,141 11,750 20,117
Value 4,387 4,064 11,802 11,189 37,749 Note:
Index Membership

1. COMPOSITE 11. IDXSMC-COM 21.
2. ESGQKEHATI 12. IDXSMC-LIQ 22.
3. ESGSKEHATI 13. IDXV30 23.
5. IDX30 15. ISSI 25.
6. IDX80 16. JII 26.
7. IDXBASIC 17. JII70 27.
8. IDXBUMN20 18. KOMPAS100 28.
9. IDXG30 19. LQ45 29.
10. IDXMESBUMN 20. MBX 30.

TINS Timah Tbk.

Date: 29 Jul 2022 v2.0.0

Cash & Cash Equivalents 784,610 1,599,370 807,300 1,782,262 1,940,475
25
Current Assets 9,016,657 12,307,055 6,557,264 7,424,045 7,052,398
Investment Properties 1,239,766 1,499,019 1,626,505 1,661,256 1,661,256
Fixed Asset 3,100,142 3,601,375 3,436,272 3,448,268 3,478,351 20
- - - - - -
Total Assets 15,220,685 20,361,278 14,517,700 14,690,989 14,375,636 15
Trade Payable 1,321,721 1,969,247 884,620 886,385 1,269,203

- - - - - - 10
Curr. Maturities - Bonds Payable - 600,000 - 933,200 933,200
Curr. Maturities - Sukuk - - - 118,000 118,000 5
- - - - - - -
Long-term Bonds Payable 1,200,000 1,480,000 1,480,000 493,000 493,000 2018 2019 2020 2021 2022
Long-term Sukuk 300,000 613,000 613,000 313,000 313,000
Common Stocks 372,388 372,388 372,388 372,388 372,388
Par Value 50 50 50 50 50 6,148 6,308

5,258
Total Equity 6,148,352 5,258,405 4,940,136 6,308,420 7,051,694 4,940
Revenues 11,016,677 19,302,627 15,215,980 14,607,003 7,478,785
Gross Profit 1,073,873 1,135,562 1,119,881 3,434,489 1,977,535
Operating Profit/Loss 134,714 -75,951 217,454 2,239,336 1,427,261
Finance Costs -352,812 -781,696 -607,370 -340,668 -101,039
EBT 199,058 -722,414 -269,760 1,728,705 1,405,329
Tax -15,201 113,638 -66,646 -425,449 -323,255
2018 2019 2020 2021 2022
Profit/Loss for the period 132,285 -611,284 -340,602 1,302,843 1,082,074
Profit/Loss Period Attributable 132,295 -611,284 -340,599 1,302,795 1,082,040
Comprehensive Income 278,867 -703,971 -382,557 1,368,284 1,199,252 Total Revenue (Bill. Rp)
Comprehensive Attributable 278,877 -703,971 -382,554 1,368,236 1,199,218
19,303
Net Cash - Operating -1,261,639 -2,080,269 5,400,909 4,039,395 2,681,829
Net Cash - Investing -1,254,063 -1,507,131 -1,177,817 -772,616 -436,755 15,216
14,607
Net Cash - Financing 1,921,991 4,436,952 -5,029,804 -2,296,218 -2,075,317
Net Increase/Decrease in C&CE -593,711 849,552 -806,712 970,561 169,757 11,017
C&CE, end of period 784,610 1,599,370 807,300 1,782,262 1,940,475
7,479
Current Ratio (%) 1.36 1.03 1.12 1.31 1.57
DAR (x) 0.60 0.74 0.66 0.57 0.51
DER (x) 1.48 2.87 1.94 1.33 1.04
EPS (IDR) 61.41 -40.15 -92.73 70.70 254.29 2018 2019 2020 2021 2022
PER (x) 12.29 -20.55 -16.01 20.58 5.70

PBV (x) 0.94 1.07 1.24 1.75 1.54
ROA (%) 0.87 -3.00 -2.35 8.87 7.53 1,303
ROE (%) 2.15 -11.62 -6.89 20.65 15.34 1,082
GPM (%) 9.75 5.88 7.36 23.51 26.44
OPM (%) 1.22 -0.39 1.43 15.33 19.08
NPM (%) 1.20 -3.17 -2.24 8.92 14.47
DPS (IDR) 23.61 24.97 0.00 0.00 61.22 132
DPR (%) 38.44 n.a. 0.00 0.00 24.08

Dividend Yield (%) 3.05 3.31 0.00 0.00 4.21
Miscellaneous Dec 2018 Dec 2019 Dec 2020 Dec 2021 Jun 2022 -341
No. of Listed Shares, million 7,448 7,448 7,448 7,448 7,448 -611

2018 2019 2020 2021 2022

TLKM
Telkom Indonesia (Persero) Tbk.

TLKM Telkom Indonesia (Persero) Tbk.

Date: 29 Jul 2022 v2.0.0

PT Telkom Indonesia (Persero) Tbk. has a main business field of Established Listing Date IPO Price (IDR) IPO Lead Underwriter
Telecommunication network and service operator. The company's President PT Bahana
Director and President Commisioner are Ririek Adriansyah and Bambang 24 Sep 1991 14 Nov 1995 2,050 Securities
Permadi Soemantri Brodjonegoro. The largest shareholder of the company is
Republic of Indonesia (52.09%). The percentage of public shareholding (<5%) is Stock Overview
100.00%. The company has 13 subsidiaries. One of the biggest subsidiaries is
PT Telekomunikasi Selular ("Telkomsel"). Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=TLKM

Domestic 84,800.5 59,005.0
42% 35%
Foreign 115,442.0 109,620.6 J Infrastructures J31 Telecommunication Service
58% 65%
Others 26.44% 26.70% J3 Telecommunication J312 Integrated Telecommunication Service
Year 2021 YTD 2022
Total 200,242.5 168,625.6
Fundamental & ESG
YTD 2022
16.36x 2.98x 25.37 Medium
D 10,702.4 14,572.0 25,274.4
10,864.3 8,456.1
Buy

D 20,238.3 16,729.9 36,968.1 "Foreign Buy-Domestic Sell" minus "Foreign Sell- TLKM Sector PER Market PER
Domestic Buy".
17.42x 13.92x

2022 F - Rp149.97 08-Jun-22 09-Jun-22 30-Jun-22 2013 SS 28-Aug-13 10,100 5:1 2,025 0.200
2021 F - Rp168.01 09-Jun-21 10-Jun-21 02-Jul-21 2004 SS 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 BS 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) 419,033.18 06/30/22 275,272,000 140,679,000 134,593,000 71,983,000 17,555,000
5. ISAT Indosat Tbk. 53,818.54 06/30/22 104,432,908 30,276,637 74,156,271 22,526,574 3,566,904
1. TLKM Telkom Indonesia (Persero) Tbk. 16.36 2.98 6.38 13.04 0.51 1.05
5. ISAT Indosat Tbk. 12.19 1.78 3.42 4.81 0.29 0.41


Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 TLKM*
27.79%
IHSG
14.02%
LQ45
17.89%
Sector**
Highest 3,440 3,690 3,870 4,140 4,170 4,390 4,460 4,630 4,770 4,340 4,340 4,300
Lowest 3,230 3,330 3,660 3,600 4,040 4,050 4,170 4,290 4,430 4,110 4,000 3,940
Close 3,400 3,690 3,800 3,990 4,040 4,190 4,340 4,580 4,620 4,310 4,000 4,230
Adj. Close* 3,400 3,690 3,800 3,990 4,040 4,190 4,340 4,580 4,620 4,310 4,000 4,230
Growth (%) 8.53% 2.98% 5.00% 1.25% 3.71% 3.58% 5.53% 0.87% -6.71% -7.19% 5.75%
Volume (mill.) 1,747 1,941 2,074 3,286 2,011 1,909 2,529 4,094 2,698 3,484 2,696 2,026
Value (bill.) 5,849 6,727 7,802 12,625 8,267 8,032 10,929 18,494 12,489 14,871 11,124 8,374
Frequency (th.) 213 228 228 325 229 217 218 288 209 309 322 206
Days 20 22 20 22 22 21 19 20 22 20 21 19
Price (IDR) 2017 2018 2019 2020 2021 Industry: Integrated Telecommunication Service
Lowest 3,830 3,270 3,510 2,560 3,010
Close 4,440 3,750 3,970 3,310 4,040 1. TLKM 1.0% 4.7% 30.6% -1.6% -3.0%
Adj. Close* 4,440 3,750 3,970 3,310 4,040 2. TBIG 6.6% 4.1% -4.4% 265.5% 171.7%
Growth (%) -15.54% 5.87% -16.62% 22.05% 3. MTEL -7.6% -12.0% n.a. n.a. n.a.
4. TOWR 14.6% 4.4% -19.8% 58.8% 60.1%
Shares Traded 2017 2018 2019 2020 2021 5. ISAT 16.6% 7.7% 13.1% 95.7% -9.2%
Volume 27,164 29,619 25,565 40,566 28,785
Value 116,546 111,288 102,370 127,864 100,121 Note:
Index Membership

1. BISNIS-27 11. IDXHIDIV20 21. MBX
2. COMPOSITE 12. IDXINFRA 22. MNC36
3. ESGQKEHATI 13. IDXMESBUMN 23. SMinfra18
4. ESGSKEHATI 14. IDXQ30 24. SRI-KEHATI
6. IDX30 16. ISSI 26.
7. IDX80 17. JII 27.
8. IDXBUMN20 18. JII70 28.
9. IDXESGL 19. KOMPAS100 29.
10. IDXG30 20. LQ45 30.


Date: 29 Jul 2022 v2.0.0

Inventories 717,000 585,000 983,000 779,000 1,038,000 Asset Liabilities
300
Current Assets 43,268,000 41,722,000 46,503,000 61,277,000 61,420,000
- - - - - -
250
Fixed Asset 143,248,000 156,973,000 160,923,000 165,026,000 164,895,000
- - - - - - 200
Total Assets 206,196,000 221,208,000 246,943,000 277,184,000 275,272,000
Trade Payable 14,766,000 13,897,000 16,999,000 17,170,000 15,014,000 150

Curr. Maturities - Bonds Payable - 1,995,000 - - - 100
- - - - - -
50
- - - - - -
Common Stocks 4,953,000 4,953,000 4,953,000 4,953,000 4,953,000
145,399
Par Value 50 50 50 50 50 120,889

117,303 117,250
Total Equity 117,303,000 117,250,000 120,889,000 145,399,000 140,679,000
Revenues 130,784,000 135,567,000 136,462,000 143,210,000 71,983,000
- - - - - -
Operating Profit/Loss -4,283,000 -5,077,000 -5,406,000 -5,181,000 -2,647,000
Finance Costs -3,507,000 -4,240,000 -4,520,000 -4,365,000 -1,953,000
EBT 36,405,000 37,908,000 38,775,000 43,678,000 21,429,000
Tax -9,426,000 -10,316,000 -9,212,000 -9,730,000 -3,874,000
2018 2019 2020 2021 2022
143,210
135,567 136,462
Net Increase/Decrease in C&CE -7,877,000 911,000 2,308,000 17,664,000 1,668,000 71,983
C&CE, end of period 17,439,000 18,242,000 20,589,000 38,311,000 40,160,000
Current Ratio (%) 0.94 0.71 0.67 0.89 0.80
DAR (x) 0.43 0.47 0.51 0.48 0.49
DER (x) 0.76 0.89 1.04 0.91 0.96
EPS (IDR) 186.30 204.51 190.62 232.15 250.99 2018 2019 2020 2021 2022
PER (x) 20.13 19.41 17.36 17.40 15.94

PBV (x) 3.75 3.17 3.25 2.26 2.84
ROA (%) 13.08 12.47 11.97 12.25 6.38
ROE (%) 23.00 23.53 24.45 23.35 12.48 33,948
GPM (%) n.a. n.a. n.a. n.a. n.a. 29,563

26,979 27,592
OPM (%) -3.27 -3.75 -3.96 -3.62 -3.68
NPM (%) 20.63 20.35 21.66 23.71 24.39
DPS (IDR) 167.66 163.82 154.07 336.02 149.97 17,555
DPR (%) 90.00 80.11 80.83 144.74 59.75
Dividend Yield (%) 3.78 4.37 3.88 10.15 3.71
2018 2019 2020 2021 2022

TOWR
Sarana Menara Nusantara Tbk.

TOWR Sarana Menara Nusantara Tbk.

Date: 29 Jul 2022 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 PT Dinamika
President Commisioner are Ferdinandus Aming Santoso and Tonny Kusnadi. 02 Jun 2008 08 Mar 2010 1,050 Usahajaya
The largest shareholder of the company is PT SAPTA ADHIKARI INVESTAMA
has 18 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-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=TOWR

Domestic 30,112.5 12,572.6
62% 53% Institution 44.99% 49.32%
47% Individual 0.88% 0.46%
38%
Year 2021 YTD 2022
Total 48,478.0 23,524.6
Fundamental & ESG
YTD 2022
17.17x 4.64x 26.78 Medium
D 4,385.3 2,072.7 6,458.0
-1,446.7 -343.4
Buy

D 9,704.7 6,074.9 15,779.6 "Foreign Buy-Domestic Sell" minus "Foreign Sell- TOWR Sector PER Market PER
Domestic Buy".
17.42x 13.92x

2022 F - Rp18.10 08-Jun-22 09-Jun-22 30-Jun-22 2018 SS 28-Jun-18 3,040 5:1 610 0.200
2021 I - Rp6.00 16-Dec-21 17-Dec-21 22-Dec-21 2013 SS 22-Jul-13 27,850 10:1 2,775 0.100
2021 I - Rp6.00 16-Dec-21 17-Dec-21 22-Dec-21 - - - - - - -
2021 F - Rp22.09 10-Jun-21 11-Jun-21 18-Jun-21 - - - - - - -
2021 F - Rp22.09 10-Jun-21 11-Jun-21 18-Jun-21 - - - - - - -
Industry Peers
4. ISAT Indosat Tbk. 53,818.54 06/30/22 104,432,908 30,276,637 74,156,271 22,526,574 3,566,904
4. ISAT Indosat Tbk. 12.19 1.78 3.42 4.81 0.29 0.41


Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 TOWR*
-16.37%
IHSG
14.02%
LQ45
17.89%
Sector**
Highest 1,405 1,390 1,305 1,205 1,180 1,135 1,055 1,075 1,050 1,015 1,100 1,200
Lowest 1,270 1,305 1,145 1,145 1,115 1,025 1,005 1,005 1,010 935 880 1,075
Close 1,340 1,325 1,160 1,160 1,125 1,025 1,035 1,070 1,010 1,000 1,100 1,175
Adj. Close* 1,340 1,325 1,160 1,160 1,125 1,025 1,035 1,070 1,010 1,000 1,100 1,175
Growth (%) -1.12% -12.45% 0.00% -3.02% -8.89% 0.98% 3.38% -5.61% -0.99% 10.00% 6.82%
Volume (mill.) 1,767 1,207 2,449 1,751 1,094 3,267 1,069 1,276 919 969 1,412 2,173
Value (bill.) 2,369 1,621 2,964 2,062 1,247 3,559 1,101 1,322 949 944 1,392 2,495
Frequency (th.) 195 138 220 185 98 97 91 96 94 110 117 110
Days 20 22 20 22 22 21 19 18 17 18 20 20
Highest 4,150 4,000 855 1,160 1,590 No. Code 6M YTD 1Y 3Y 5Y
Lowest 3,200 458 610 590 935
Close 4,000 690 805 960 1,125 1. TOWR 14.6% 4.4% -19.8% 58.8% 60.1%
Adj. Close* 800 138 805 960 1,125 2. TBIG 6.6% 4.1% -4.4% 265.5% 171.7%
Growth (%) -82.75% 483.33% 19.25% 17.19% 3. MTEL -7.6% -12.0% n.a. n.a. n.a.
4. ISAT 16.6% 7.7% 13.1% 95.7% -9.2%
Shares Traded 2017 2018 2019 2020 2021 5. SUPR 128.4% 136.2% 356.9% 437.5% 462.3%
Volume 3,881 4,430 10,230 40,123 20,296
Value 15,438 4,589 7,496 40,006 24,239 Note:
Index Membership

1. COMPOSITE 11. LQ45 21.
3. IDX30 13. MNC36 23.
4. IDX80 14. SMinfra18 24.
5. IDXESGL 15. 25.
6. IDXG30 16. 26.
7. IDXHIDIV20 17. 27.
8. IDXINFRA 18. 28.
9. Investor33 19. 29.
10. KOMPAS100 20. 30.


Date: 29 Jul 2022 v2.0.0

Cash & Cash Equivalents 963,383 593,765 1,442,627 4,748,364 769,241
Trade receivables 821,037 1,347,552 1,240,069 2,171,296 2,210,340 Total Asset & Liabilities (Bill. Rp)
70
Current Assets 2,275,390 2,474,389 3,002,332 7,398,138 3,484,020
- - - - - - 60
Fixed Asset 15,980,147 19,648,004 22,757,823 32,951,482 34,643,416
50
- - - - - -
Total Assets 22,959,618 27,665,695 34,249,550 65,828,670 63,373,364 40
Trade Payable 697,115 633,818 534,866 521,678 635,033
30
Curr. Maturities - Bonds Payable 657,906 - 35,918 1,008,211 1,010,140 20
- - - - - -

- - - - - -
Common Stocks 510,146 510,146 510,146 510,146 510,146
12,921
Par Value 10 10 10 10 10
10,184
8,761
Total Equity 8,033,280 8,760,621 10,184,048 12,062,016 12,921,101 8,033
Revenues 5,867,860 6,454,302 7,445,426 8,635,346 5,316,332
Gross Profit 4,325,975 4,646,362 5,386,172 6,295,173 -
Finance Costs -872,278 -957,884 -1,201,293 -1,370,274 -1,207,583
EBT 2,951,707 3,008,859 3,398,921 4,050,968 2,033,907
Tax -751,647 -655,770 -545,304 -603,093 -328,260
2018 2019 2020 2021 2022
8,635

5,868
Net Cash - Financing -839,148 1,235,802 -860,035 15,728,237 -6,377,217 5,316
Net Increase/Decrease in C&CE -1,510,161 -338,146 934,297 3,307,398 -3,999,962
C&CE, end of period 963,383 593,765 1,442,627 4,748,364 769,241
Current Ratio (%) 0.48 0.54 0.42 0.34 0.24
DAR (x) 0.65 0.68 0.70 0.82 0.80
DER (x) 1.86 2.16 2.36 4.46 3.90
EPS (IDR) 36.75 40.99 52.01 68.75 68.44 2018 2019 2020 2021 2022
PER (x) 18.78 19.64 18.46 16.36 16.07

PBV (x) 25.40 4.02 4.03 4.06 4.44
ROA (%) 9.58 8.51 8.33 5.24 2.69
ROE (%) 27.39 26.86 28.02 28.58 13.20 3,448
GPM (%) 73.72 71.99 72.34 72.90 n.a. 2,854

OPM (%) 65.06 62.53 63.94 64.55 64.45
2,353
NPM (%) 37.49 36.46 38.33 39.93 32.08 2,200
DPS (IDR) 93.61 23.52 23.86 56.19 18.10 1,706

DPR (%) 254.75 57.38 45.88 81.72 26.44
Dividend Yield (%) 2.34 3.41 2.96 5.85 1.61
2018 2019 2020 2021 2022

TPIA
Chandra Asri Petrochemical Tbk.

TPIA Chandra Asri Petrochemical Tbk.

Date: 29 Jul 2022 v2.0.0

PT Chandra Asri Petrochemical Tbk. has a main business field of Petrochemical. Established Listing Date IPO Price (IDR) IPO Lead Underwriter
The company's President Director and President Commisioner are Erwin Ciputra Truscel Capital
and Djoko Suyanto. The largest shareholder of the company is PT Barito Pacific 02 Nov 1984 24 Jun 1996 2,575
Tbk (34.63%). The percentage of public shareholding (<5%) is 16.20%. The
company has 3 subsidiaries. One of the biggest subsidiaries is PT Chandra Asri Stock Overview
Perkasa.
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=TPIA

Domestic 19,111.5 9,611.8
Foreign 2,527.0 1,208.2 B Basic Materials B11 Chemicals
Others 18.23% 4.96% B1 Basic Materials B111 Basic Chemicals
Year 2021 YTD 2022
Total 21,638.5 10,820.0
Fundamental & ESG
YTD 2022
263.52x 4.91x 32.10 High
D 4,264.8 433.9 4,698.7
748.1 214.4
Buy

D 8,446.8 734.9 9,181.7 "Foreign Buy-Domestic Sell" minus "Foreign Sell- TPIA Sector PER Market PER
Domestic Buy".
11.79x 13.92x
Total 9,929.8 889.5 10,819.3 foreign investors.

2022 F - Rp7.30 27-Apr-22 28-Apr-22 20-May-22 2021 RI 31-Aug-21 8,650 47:10 7,850 0.907
2021 I - Rp51.78 23-Jun-21 24-Jun-21 16-Jul-21 2017 SS 21-Nov-17 28,975 5:1 5,800 0.200
2021 I - Rp51.78 23-Jun-21 24-Jun-21 16-Jul-21 2017 RI 23-Aug-17 23,500 47:4 23,075 0.982
2021 F - Rp31.60 26-Apr-21 27-Apr-21 04-May-21 2013 RI 11-Nov-13 3,125 500:36 3,125 1.000
2021 F - $0.00216 26-Apr-21 27-Apr-21 04-May-21 - - - - - - -
Industry Peers
1. TPIA Chandra Asri Petrochemical 205,464.92 03/31/22 71,331,563 41,863,059 29,468,503 9,730,414 -159,607
2. BRPT Barito Pacific Tbk. 84,372.50 03/31/22 133,730,760 62,278,139 71,452,621 11,678,572 436,209
3. ESSA Surya Esa Perkasa Tbk. 16,209.02 06/30/22 13,023,779 6,079,773 6,944,007 5,222,753 1,564,041
4. AGII Aneka Gas Industri Tbk. 7,298.65 06/30/22 8,095,242 3,612,260 4,482,982 1,266,378 53,845
5. UNIC Unggul Indah Cahaya Tbk. 4,350.81 06/30/22 4,971,778 3,949,516 1,022,261 3,337,739 435,427
1. TPIA Chandra Asri Petrochemical Tbk. 263.52 4.91 -0.22 -0.54 0.59 1.42
2. BRPT Barito Pacific Tbk. 81.98 1.35 0.33 0.61 0.47 0.87
3. ESSA Surya Esa Perkasa Tbk. 12.00 2.67 12.01 22.52 0.47 0.88
4. AGII Aneka Gas Industri Tbk. 36.63 2.01 0.67 1.20 0.45 0.81
5. UNIC Unggul Indah Cahaya Tbk. 5.15 1.18 8.76 42.59 0.79 3.86


Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 TPIA*
12.58%
IHSG
14.02%
LQ45
17.89%
Sector**
Highest 9,425 7,675 7,725 7,600 7,400 8,825 10,775 10,100 11,050 10,275 10,300 9,700
Lowest 7,850 6,850 6,950 7,000 6,850 7,200 8,925 8,300 10,000 9,875 9,000 8,575
Close 7,850 7,200 7,600 7,075 7,325 8,825 9,025 10,100 10,050 10,225 9,000 9,500
Adj. Close* 8,652 7,935 8,376 7,797 8,073 9,726 9,947 11,131 11,076 11,269 9,919 10,470
Growth (%) -8.28% 5.56% -6.91% 3.53% 20.48% 2.27% 11.91% -0.50% 1.74% -11.98% 5.56%
Volume (mill.) 55 794 109 65 90 76 124 99 77 41 70 85
Value (bill.) 493 3,547 794 474 641 598 1,207 923 806 414 677 785
Frequency (th.) 32 52 72 44 32 40 58 54 32 23 30 39
Days 20 22 20 22 22 21 20 18 19 18 17 18
Price (IDR) 2017 2018 2019 2020 2021 Industry: Basic Chemicals
Lowest 5,450 4,450 4,700 5,250 6,850
Close 6,000 5,925 10,375 9,075 7,325 1. TPIA 7.6% 29.7% 11.4% 66.9% 94.6%
Adj. Close* 1,069 5,376 9,414 8,234 6,646 2. BRPT 1.1% 5.3% -7.2% 16.0% 190.6%
Growth (%) 402.98% 75.11% -12.53% -19.28% 3. ESSA 73.9% 95.3% 134.2% 254.5% 364.1%
4. AGII 67.0% 57.1% 33.0% 255.2% 146.6%
Shares Traded 2017 2018 2019 2020 2021 5. UNIC -9.2% -9.9% 35.1% 117.2% 141.5%
Volume 1,238 1,015 1,673 1,227 1,626
Value 21,248 5,721 12,787 9,915 10,819 Note:
Index Membership

2. DBX 12. LQ45 22.
3. ESGQKEHATI 13. MNC36 23.
4. ESGSKEHATI 14. 24.
5. I-GRADE 15. 25.
6. IDX80 16. 26.
7. IDXBASIC 17. 27.
8. ISSI 18. 28.
9. JII 19. 29.
10. JII70 20. 30.


Date: 29 Jul 2022 v2.0.0

Balance Sheets Dec 2018 Dec 2019 Dec 2020 Dec 2021 Mar 2022
80
Current Assets 20,296,517 19,749,146 21,187,755 41,756,659 41,447,467
- - - - - - 70
Fixed Asset 25,113,525 27,655,557 28,945,787 28,904,728 29,358,256 60

- - - - - -
50
Total Assets 46,148,833 48,127,137 50,689,801 71,245,973 71,331,563
Trade Payable 8,272,624 9,446,273 10,119,548 11,013,085 4,863,276 40

Curr. Maturities - Bonds Payable 362,925 150,480 731,908 869,610 970,519
20
- - - - - -
- - - - - -
Common Stocks 5,539,731 5,312,306 5,373,257 6,197,241 6,235,460
41,775 41,863
Par Value 200 1,000 200 200 200
Total Equity 25,740,460 24,557,033 25,550,192 41,774,852 41,863,059 25,740
24,557 25,550
Income Statements Dec 2018 Dec 2019 Dec 2020 Dec 2021 Mar 2022
Revenues 36,983,491 26,230,392 25,479,893 36,820,084 9,730,414
Gross Profit 5,678,506 2,386,157 2,329,046 4,923,105 359,313
Operating Profit/Loss 4,577,254 1,207,219 1,148,965 3,620,174 -39,525
Finance Costs -745,757 -786,317 -916,458 -933,207 -235,426
EBT 3,695,079 540,717 406,774 2,885,406 -217,738
Tax -1,043,839 -210,960 320,226 -716,461 58,131
2018 2019 2020 2021 2022
Profit/Loss for the period 2,651,239 329,757 727,000 2,168,945 -159,607
Profit/Loss Period Attributable 2,641,569 319,089 724,320 2,170,615 -161,301
Comprehensive Income 2,659,935 337,148 729,454 2,170,158 -169,427 Total Revenue (Bill. Rp)
Comprehensive Attributable 2,652,577 326,787 726,831 2,171,742 -171,121
36,983 36,820
Cash Flow Statements Dec 2018 Dec 2019 Dec 2020 Dec 2021 Mar 2022
Net Cash - Operating 5,867,915 3,320,765 5,478,551 3,165,635 -8,076,832
Net Cash - Investing -5,335,111 -5,743,527 -1,574,174 -9,928,855 -2,230,102 26,230 25,480
Net Cash - Financing -2,217,088 1,494,639 -254,581 16,183,771 6,045,919
Net Increase/Decrease in C&CE -1,684,284 -928,123 3,649,796 9,420,551 -4,261,014
C&CE, end of period 10,567,875 9,205,903 12,961,324 22,532,577 18,410,527
9,730
Ratios Dec 2018 Dec 2019 Dec 2020 Dec 2021 Mar 2022
Current Ratio (%) 2.05 1.81 1.74 3.14 5.78
DAR (x) 0.44 0.49 0.50 0.41 0.41
DER (x) 0.79 0.96 0.98 0.71 0.70
EPS (IDR) 194.93 30.94 -23.61 156.62 100.36 2018 2019 2020 2021 2022
PER (x) 30.40 335.32 -384.38 46.77 100.64

PBV (x) 4.16 4.30 7.24 4.70 3.78
ROA (%) 5.74 0.69 1.43 3.04 -0.22
2,651
ROE (%) 10.30 1.34 2.85 5.19 -0.38
GPM (%) 15.35 9.10 9.14 13.37 3.69 2,169
OPM (%) 12.38 4.60 4.51 9.83 -0.41

NPM (%) 7.17 1.26 2.85 5.89 -1.64
DPS (IDR) 64.55 25.92 0.00 166.33 7.30
DPR (%) 33.11 83.77 0.00 106.20 7.27 727
Dividend Yield (%) 1.08 0.44 0.00 1.83 0.10 330
Miscellaneous Dec 2018 Dec 2019 Dec 2020 Dec 2021 Mar 2022
-160
2018 2019 2020 2021 2022

UNTR
United Tractors Tbk.

UNTR United Tractors Tbk.

Date: 29 Jul 2022 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 PT 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
subsidiaries is PT Pamapersada Nusantara.
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=UNTR

Domestic 27,779.6 20,478.0
50% 44%
Foreign 28,207.2 26,131.8 C Industrials C14 Machinery
50% 56% Individual 0.30% 0.24%
Others 20.92% 25.16% C1 Industrial Goods C141 Construction Machinery & Heavy
Year 2021 YTD 2022 Vehicles
Total 55,986.8 46,609.8
Fundamental & ESG
YTD 2022
7.47x 1.47x 41.32 Severe
D 4,785.4 3,916.3 8,701.7
1,722.0 3,074.7
Buy

D 7,150.2 5,878.6 13,028.8 "Foreign Buy-Domestic Sell" minus "Foreign Sell- UNTR Sector PER Market PER
Domestic Buy".
10.14x 13.92x

2022 F - Rp905.00 20-Apr-22 21-Apr-22 11-May-22 2011 RI 10-May-11 23,400 33:4 22,500 0.961
2021 I - Rp335.00 07-Oct-21 08-Oct-21 22-Oct-21 2008 RI 27-Aug-08 10,750 6:1 10,300 0.957
2021 I - Rp335.00 07-Oct-21 08-Oct-21 22-Oct-21 2004 RI 25-May-04 975 5:4 780 0.795
2021 F - Rp473.00 20-Apr-21 21-Apr-21 11-May-21 2000 SS 05-Sep-00 1,970 4:1 495 0.250
2021 F - Rp473.00 20-Apr-21 21-Apr-21 11-May-21 2000 BS 08-Jun-00 6,275 5:9 2,250 0.357
Industry Peers
1. UNTR United Tractors Tbk. 120,483.36 06/30/22 129,237,472 81,961,558 47,275,914 60,446,886 11,472,107
2. HEXA Hexindo Adiperkasa Tbk. 5,166.00 06/30/22 4,597,409 2,511,448 2,085,961 1,698,154 134,741
3. SKRN Superkrane Mitra Utama Tbk. 1,905.00 06/30/22 1,506,106 615,203 890,903 289,291 58,001
4. KOBX Kobexindo Tractors Tbk. 1,027.17 06/30/22 2,454,694 594,546 1,860,148 1,206,736 75,210
5. INTA Intraco Penta Tbk. 247.45 06/30/22 2,405,970 -1,773,795 4,179,765 334,357 -43,466
1. UNTR United Tractors Tbk. 7.47 1.47 8.88 24.27 0.63 1.73
2. HEXA Hexindo Adiperkasa Tbk. 6.35 2.06 2.93 6.46 0.55 1.20
3. SKRN Superkrane Mitra Utama Tbk. 23.63 3.17 3.85 6.51 0.41 0.69
4. KOBX Kobexindo Tractors Tbk. 4.60 1.73 3.06 4.04 0.24 0.32
5. INTA Intraco Penta Tbk. -0.69 -0.14 -1.81 -1.04 -0.74 -0.42


Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 UNTR*
67.36%
IHSG
14.02%
LQ45
17.89%
Sector**
*Adjusted Close Price; **Industrials
Highest 20,700 26,000 27,100 23,600 23,225 23,650 25,200 27,350 30,275 31,300 33,050 32,300
Lowest 18,700 20,050 23,000 21,350 21,300 21,725 22,175 24,475 25,925 29,225 28,400 26,500
Close 20,075 26,000 23,550 21,350 22,150 23,125 24,900 25,550 30,275 31,300 28,400 32,300
Adj. Close* 20,075 26,000 23,550 21,350 22,150 23,125 24,900 25,550 30,275 31,300 28,400 32,300
Growth (%) 29.51% -9.42% -9.34% 3.75% 4.40% 7.68% 2.61% 18.49% 3.39% -9.27% 13.73%
Volume (mill.) 87 151 178 97 85 73 83 151 129 113 151 139
Value (bill.) 1,702 3,428 4,558 2,186 1,901 1,656 1,972 3,924 3,685 3,392 4,616 4,059
Frequency (th.) 99 147 148 100 91 81 96 144 120 112 141 133
Days 20 22 20 22 22 21 20 20 21 19 20 20
Price (IDR) 2017 2018 2019 2020 2021 Industry: Construction Machinery & Heavy Vehicles
Lowest 21,000 27,150 19,975 12,600 18,600
Close 35,400 27,350 21,525 26,600 22,150 1. UNTR 39.7% 45.8% 65.2% 29.6% 31.6%
Adj. Close* 35,400 27,350 21,525 26,600 22,150 2. HEXA 28.9% 33.7% 77.2% 83.0% 56.1%
Growth (%) -22.74% -21.30% 23.58% -16.73% 3. SKRN 63.9% 40.3% 85.4% 202.4% n.a.
4. KOBX 82.3% 89.9% 184.3% 152.5% 273.6%
Shares Traded 2017 2018 2019 2020 2021 5. INTA 21.3% 8.8% -43.9% -84.4% -75.2%
Volume 1,100 1,258 1,284 1,288 1,228
Value 31,014 42,200 31,756 25,910 27,993 Note:
Index Membership

1. BISNIS-27 11. IDXV30 21. SRI-KEHATI
3. ESGQKEHATI 13. ISSI 23.
4. ESGSKEHATI 14. JII 24.
5. IDX30 15. JII70 25.
6. IDX80 16. KOMPAS100 26.
7. IDXG30 17. LQ45 27.
8. IDXHIDIV20 18. MBX 28.
9. IDXINDUST 19. MNC36 29.
10. IDXQ30 20. SMinfra18 30.


Date: 29 Jul 2022 v2.0.0

140
Current Assets 55,651,808 50,826,955 44,195,782 60,604,068 73,640,722
Fixed Asset 24,584,551 27,469,005 24,319,373 20,456,694 21,016,652
100
- - - - - -
Total Assets 116,281,017 111,713,375 99,800,963 112,561,356 129,237,472 80
Trade Payable 32,362,162 20,909,134 10,272,648 14,517,987 19,257,493
60
Curr. Maturities - Bank Loans - 2,432,677 2,468,375 5,350,875 2,598,400
- - - - - - 40
- - - - - -

- - - - - - 2018 2019 2020 2021 2022
- - - - - -
Common Stocks 932,534 932,534 932,534 932,534 932,534
81,962
Par Value 250 250 250 250 250 71,823

57,051
Total Equity 57,050,679 61,110,074 63,147,140 71,822,757 81,961,558
Revenues 84,624,733 84,430,478 60,346,784 79,460,503 60,446,886
Gross Profit 21,202,526 21,230,653 12,989,293 19,664,961 16,511,298
Finance Costs -1,437,596 -2,333,765 -1,539,907 -754,155 -314,197
EBT 15,801,719 15,476,885 7,011,186 14,462,250 14,640,451
Tax -4,303,310 -4,342,244 -1,378,761 -3,853,983 -3,168,344
2018 2019 2020 2021 2022
Comprehensive Attributable 12,057,482 9,043,173 5,744,288 11,562,960 12,584,331 84,625 84,430
79,461
60,347 60,447
Net Cash - Financing 1,120,862 -830,690 -7,834,254 -7,419,838 -8,086,189
Net Increase/Decrease in C&CE -7,650,208 -1,152,246 8,128,506 12,706,019 5,420,968
C&CE, end of period 13,438,175 12,090,661 20,498,574 33,321,741 39,127,136
Current Ratio (%) 1.14 1.56 2.11 1.99 1.94
DAR (x) 0.51 0.45 0.37 0.36 0.37
DER (x) 1.04 0.83 0.58 0.57 0.58
EPS (IDR) 2,905.10 2,866.72 2,147.61 2,273.95 3,413.73 2018 2019 2020 2021 2022
PER (x) 9.41 7.51 12.39 9.74 8.32

PBV (x) 2.31 1.67 1.27 1.38 1.01
ROA (%) 9.89 9.97 5.64 9.42 8.88
ROE (%) 20.15 18.22 8.92 14.77 14.00 11,498 11,472
11,135
GPM (%) 25.05 25.15 21.52 24.75 27.32 10,608
OPM (%) 19.93 19.67 13.74 18.72 23.53

NPM (%) 13.59 13.19 9.33 13.35 18.98
DPS (IDR) 976.00 1,236.00 976.00 1,616.00 905.00
5,632
DPR (%) 33.60 43.12 45.45 71.07 26.51
Dividend Yield (%) 2.76 4.52 4.53 6.08 4.09
2018 2019 2020 2021 2022

UNVR
Unilever Indonesia Tbk.

UNVR Unilever Indonesia Tbk.

Date: 29 Jul 2022 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 Ira PT Aseam Indonesia
Noviarti 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
30.02%. Stock Overview
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=UNVR

Domestic 39,221.5 24,196.4
62% 64%
Foreign 23,882.5 13,755.4 D Consumer Non-Cyclicals D42 Personal Care Products
38% 36%
Others 24.20% 26.40% D4 Nondurable Household Products D421 Personal Care Products
Year 2021 YTD 2022
Total 63,104.0 37,951.8
Fundamental & ESG
YTD 2022
28.01x 37.68x 17.56 Low
D 8,037.8 3,329.5 11,367.2
-58.1 1,462.0
Buy

D 12,939.2 6,700.6 19,639.8 "Foreign Buy-Domestic Sell" minus "Foreign Sell- UNVR Sector PER Market PER
Domestic Buy".
13.16x 13.92x

2022 F - Rp84.00 24-Jun-22 27-Jun-22 13-Jul-22 2020 SS 02-Jan-20 42,000 5:1 8,400 0.200
2021 I - Rp66.00 30-Nov-21 01-Dec-21 16-Dec-21 2003 SS 03-Sep-03 30,250 10:1 3,025 0.100
2021 I - Rp66.00 30-Nov-21 01-Dec-21 16-Dec-21 2000 SS 06-Nov-00 118,000 10:1 11,800 0.100
2021 F - Rp100.00 08-Jun-21 09-Jun-21 24-Jun-21 1993 BS 12-Jul-93 31,125 100:7 no data 0.937
2021 F - Rp100.00 08-Jun-21 09-Jun-21 24-Jun-21 - - - - - - -
Industry Peers
1. UNVR Unilever Indonesia Tbk. 172,056.50 06/30/22 22,144,171 4,565,984 17,578,187 21,463,384 3,429,935
2. UCID Uni-Charm Indonesia Tbk. 5,050.24 06/30/22 8,182,857 5,067,418 3,115,439 5,061,321 115,719
3. KINO Kino Indonesia Tbk. 3,514.29 06/30/22 5,600,812 2,499,778 3,101,034 2,004,793 45,899
4. VICI Victoria Care Indonesia Tbk. 3,387.54 06/30/22 1,050,497 730,016 320,481 446,316 27,372
5. TCID Mandom Indonesia Tbk. 1,045.55 06/30/22 2,324,468 1,844,669 479,798 925,416 -6,413
1. UNVR Unilever Indonesia Tbk. 28.01 37.68 15.49 19.51 0.21 0.26
2. UCID Uni-Charm Indonesia Tbk. 10.97 1.00 1.41 3.71 0.62 1.63
3. KINO Kino Indonesia Tbk. 30.54 1.41 0.82 1.48 0.45 0.81
4. VICI Victoria Care Indonesia Tbk. 24.71 4.64 2.61 8.54 0.69 2.28
5. TCID Mandom Indonesia Tbk. -19.00 0.57 -0.28 -1.34 0.79 3.84


Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 UNVR*
2.50%
IHSG
14.02%
LQ45
17.89%
Sector**
Highest 4,440 4,250 5,325 4,880 4,430 4,330 4,050 3,720 3,890 5,050 5,050 5,000
Lowest 4,030 3,820 3,860 4,370 4,060 4,030 3,680 3,280 3,350 4,010 4,650 4,510
Close 4,050 3,950 4,420 4,480 4,110 4,030 3,680 3,660 3,890 4,730 4,770 4,510
Adj. Close* 4,050 3,950 4,420 4,480 4,110 4,030 3,680 3,660 3,890 4,730 4,770 4,510
Growth (%) -2.47% 11.90% 1.36% -8.26% -1.95% -8.68% -0.54% 6.28% 21.59% 0.85% -5.45%
Volume (mill.) 505 551 1,342 595 353 307 438 750 542 1,238 641 529
Value (bill.) 2,134 2,213 6,408 2,722 1,500 1,282 1,691 2,624 1,967 5,773 3,107 2,533
Frequency (th.) 173 180 424 218 152 121 166 220 166 349 201 175
Days 20 22 20 22 22 21 19 19 21 20 20 20
Price (IDR) 2017 2018 2019 2020 2021 Industry: Personal Care Products
Lowest 38,825 39,375 40,700 5,650 3,820
Close 55,900 45,400 42,000 7,350 4,110 1. UNVR 11.9% 9.7% 6.9% -48.3% -53.0%
Adj. Close* 11,180 9,080 8,400 1,470 4,110 2. UCID -15.6% -16.2% -26.6% n.a. n.a.
Growth (%) -18.78% -7.49% -82.50% 179.59% 3. KINO -7.9% 21.2% -5.4% -20.4% 11.8%
4. VICI 1.0% -1.9% 34.3% n.a. n.a.
Shares Traded 2017 2018 2019 2020 2021 5. TCID 2.0% -2.8% -6.3% -61.2% -67.1%
Volume 505 600 577 3,871 6,104
Value 23,813 28,206 26,249 29,794 31,552 Note:
Index Membership

1. BISNIS-27 11. Investor33 21.
5. IDX30 15. KOMPAS100 25.
6. IDX80 16. LQ45 26.
8. IDXHIDIV20 18. PEFINDO25 28.
10. IDXQ30 20. 30.


Date: 29 Jul 2022 v2.0.0

Cash & Cash Equivalents 351,667 628,649 844,076 325,197 2,894,767
25
Current Assets 8,325,029 8,530,334 8,828,360 7,642,208 11,093,280
- - - - - -
Fixed Asset 10,627,387 10,715,376 10,419,902 10,102,086 9,761,017 20
- - - - - -
Total Assets 19,522,970 20,649,371 20,534,632 19,068,532 22,144,171 15
Trade Payable 4,572,600 4,516,954 4,277,617 4,571,352 5,432,905

- - - - - - 10
- - - - - -
- - - - - - 5
- - - - - - -
- - - - - - 2018 2019 2020 2021 2022
- - - - - -
Common Stocks 76,300 76,300 76,300 76,300 76,300 7,578
Par Value 10 10 2 2 2
5,282
Total Equity 7,578,133 5,281,862 4,937,368 4,321,269 4,565,984 4,937
4,566
4,321
Revenues 41,802,073 42,922,563 42,972,474 39,545,959 21,463,384
Gross Profit 21,092,273 22,028,693 22,456,990 19,626,387 10,345,124
Finance Costs -108,642 -230,230 -248,790 -184,876 -44,550
EBT 12,185,764 9,901,772 9,206,869 7,496,592 4,442,931
Tax -3,076,319 -2,508,935 -2,043,333 -1,738,444 -1,012,996
2018 2019 2020 2021 2022
42,923 42,972
39,546
Net Cash - Investing 1,942,485 -1,446,367 -690,216 -681,255 -14,636
Net Increase/Decrease in C&CE -59,179 285,512 215,268 -518,918 2,569,517 21,463
C&CE, end of period 351,667 628,649 844,076 325,197 2,894,767
Current Ratio (%) 0.75 0.65 0.66 0.61 0.72
DAR (x) 0.61 0.74 0.76 0.77 0.79
DER (x) 1.58 2.91 3.16 3.41 3.85
EPS (IDR) 1,187.45 957.50 191.92 172.73 159.40 2018 2019 2020 2021 2022
PER (x) 38.23 43.86 38.30 23.79 29.92

PBV (x) 56.28 65.58 324.53 64.89 34.34
ROA (%) 46.66 35.80 34.89 30.20 15.49 9,109
ROE (%) 120.21 139.97 145.09 133.25 75.12
GPM (%) 50.46 51.32 52.26 49.63 48.20 7,393 7,164
OPM (%) 22.62 23.57 22.04 19.42 20.86
5,758
NPM (%) 21.79 17.22 16.67 14.56 15.98
DPS (IDR) 915.00 1,205.00 194.00 332.00 84.00
DPR (%) 77.06 125.85 101.09 192.20 52.70 3,430
Dividend Yield (%) 1.64 2.65 0.46 4.52 2.04
2018 2019 2020 2021 2022

WIKA
Wijaya Karya (Persero) Tbk.

WIKA Wijaya Karya (Persero) Tbk.

Date: 29 Jul 2022 v2.0.0

PT Wijaya Karya (Persero) Tbk. has a main business field of Construction Established Listing Date IPO Price (IDR) IPO Lead Underwriter
service. The company's President Director and President Commisioner are PT CIMB-GK
AGUNG BUDI WASKITO and JAROT WIDYOKO. The largest shareholder of the 11 Mar 1960 29 Oct 2007 420 Securities Indonesia
company is Republic of Indonesia (65.05%). The percentage of public
biggest subsidiaries is PT Wijaya Karya Realty.
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=WIKA

Domestic 26,189.2 4,880.0
Foreign 4,441.2 581.5 J Infrastructures J21 Heavy Constructions & Civil
Individual 3.62% 7.24% Engineering

Others 7.00% 5.84% J2 Heavy Constructions & Civil J211 Heavy Constructions & Civil
Year 2021 YTD 2022 Engineering Engineering
Total 30,630.4 5,461.5
Fundamental & ESG
YTD 2022
205.40x 0.48x 31.23 High
D 2,173.3 254.1 2,427.5
-340.2 25.1
Buy

D 11,180.3 2,084.4 13,264.7 "Foreign Buy-Domestic Sell" minus "Foreign Sell- WIKA Sector PER Market PER
Domestic Buy".
17.42x 13.92x

2020 F - Rp50.96 17-Jun-20 18-Jun-20 09-Jul-20 2016 RI 11-Nov-16 2,850 80000:36697 2,640 0.926
2019 F - Rp38.60 10-May-19 13-May-19 28-May-19 - - - - - - -
2018 F - Rp26.82 03-May-18 07-May-18 25-May-18 - - - - - - -
2017 F - Rp33.86 27-Mar-17 30-Mar-17 18-Mar-17 - - - - - - -
2016 F - Rp20.35 10-May-16 12-May-16 27-May-16 - - - - - - -
Industry Peers
1. WIKA Wijaya Karya (Persero) Tbk. 8,386.90 06/30/22 72,247,325 17,433,956 54,813,369 7,183,808 12,353
2. WSKT Waskita Karya (Persero) 14,835.51 06/30/22 97,143,937 19,937,244 77,206,693 6,090,381 293,920
3. PTPP PP (Persero) Tbk. 5,641.91 06/30/22 58,274,605 14,560,432 43,714,172 9,023,475 112,246
4. ADHI Adhi Karya (Persero) Tbk. 2,635.03 06/30/22 39,209,335 6,064,095 33,145,241 6,326,785 35,385
5. BUKK Bukaka Teknik Utama Tbk. 2,587.64 06/30/22 5,266,450 3,534,090 1,732,360 1,766,913 176,620
1. WIKA Wijaya Karya (Persero) Tbk. 205.40 0.48 0.02 0.02 0.24 0.32
2. WSKT Waskita Karya (Persero) Tbk. -7.89 0.93 0.30 0.38 0.21 0.26
3. PTPP PP (Persero) Tbk. 22.05 0.39 0.19 0.26 0.25 0.33
4. ADHI Adhi Karya (Persero) Tbk. 46.13 0.44 0.09 0.11 0.15 0.18
5. BUKK Bukaka Teknik Utama Tbk. 5.57 0.73 3.35 10.20 0.67 2.04


Date: 29 Jul 2022 v2.0.0

Aug 02, 2021 - Jul 29, 2022 WIKA*
-1.06%
IHSG
14.02%
LQ45
17.89%
Sector**
Highest 950 1,210 1,440 1,330 1,215 1,170 1,140 1,110 995 965 1,010 955
Lowest 850 920 1,225 1,160 1,040 1,010 1,010 930 930 900 905 905
Close 940 1,210 1,245 1,160 1,105 1,035 1,010 995 950 965 970 935
Adj. Close* 940 1,210 1,245 1,160 1,105 1,035 1,010 995 950 965 970 935
Growth (%) 28.72% 2.89% -6.83% -4.74% -6.33% -2.42% -1.49% -4.52% 1.58% 0.52% -3.61%
Volume (mill.) 875 1,547 1,132 761 521 383 453 692 252 200 502 224
Value (bill.) 804 1,679 1,511 976 598 414 500 701 241 185 482 208
Frequency (th.) 113 182 191 116 83 69 67 101 51 40 76 39
Days 20 22 20 22 22 21 15 18 16 17 17 15
Price (IDR) 2017 2018 2019 2020 2021 Industry: Heavy Constructions & Civil Engineering
Lowest 1,505 1,100 1,645 725 850
Close 1,550 1,655 1,990 1,985 1,105 1. WIKA -9.7% -15.4% 1.6% -60.0% -58.1%
Adj. Close* 1,550 1,655 1,990 1,985 1,105 2. WSKT -12.0% -18.9% -33.8% -71.7% -74.4%
Growth (%) 6.77% 20.24% -0.25% -44.33% 3. PTPP -2.2% -8.1% 8.3% -57.7% -66.4%
4. ADHI -10.8% -17.3% 8.0% -50.2% -66.1%
Shares Traded 2017 2018 2019 2020 2021 5. BUKK -19.7% -19.3% 0.0% -42.4% 28.9%
Volume 4,532 5,998 5,624 8,750 10,665
Value 9,588 9,792 11,698 11,939 15,315 Note:
Index Membership

5. IDX80 15. LQ45 25.
7. IDXINFRA 17. SMinfra18 27.
8. IDXMESBUMN 18. SRI-KEHATI 28.


Date: 29 Jul 2022 v2.0.0

80
Current Assets 43,555,496 42,335,472 47,980,946 37,186,634 37,749,156
Investment Properties 2,304,685 3,145,711 2,022,806 1,919,753 2,321,914 70
Fixed Asset 4,675,679 5,154,534 5,170,557 8,832,862 8,727,949 60

- - - - - -
50
Total Assets 59,230,001 62,110,847 68,109,185 69,385,794 72,247,325
Trade Payable 13,183,374 12,762,368 14,241,491 12,824,151 11,098,874 40
Curr. Maturities - Bank Loans 259,373 1,000,000 5,605,000 1,808,998 1,390,000 30

- - - - - -
20
- - - - - -
Long-term Bonds Payable - - 1,491,232 5,706,287 7,459,667 2018 2019 2020 2021 2022
Long-term Sukuk - - 500,000 1,750,000 2,500,000
Common Stocks 896,995 896,995 896,995 896,995 896,995 19,216
Par Value 100 100 100 100 100
Total Equity 17,215,315 19,215,733 16,657,425 17,435,078 17,433,956
17,435 17,434
17,215
Revenues 31,158,193 27,212,914 16,536,382 17,809,718 7,183,808 16,657
Gross Profit 3,604,727 3,480,079 1,524,785 1,694,570 -
Operating Profit/Loss 2,818,982 2,549,536 630,216 906,156 277,191
Finance Costs -972,529 -884,252 -1,221,502 -1,157,284 -550,227
EBT 2,358,629 2,789,256 310,276 196,664 26,202
Tax -285,329 -168,241 12,067 17,760 -13,849
2018 2019 2020 2021 2022
Profit/Loss for the period 2,073,300 2,621,015 322,343 214,425 12,353
Profit/Loss Period Attributable 1,730,256 2,285,022 185,766 117,667 -13,324
Comprehensive Income 2,213,543 2,527,919 301,567 236,800 14,935 Total Revenue (Bill. Rp)
Comprehensive Attributable 1,860,118 2,190,255 173,794 129,946 -12,962
31,158
27,213
Net Cash - Operating 2,722,531 833,091 141,279 -3,740,044 -4,285,673
Net Cash - Financing 4,876,803 1,039,309 9,477,948 -524,062 3,531,941
17,810
Net Increase/Decrease in C&CE 2,681,376 -3,610,499 4,559,647 -7,975,154 -3,699,854 16,536
C&CE, end of period 13,973,766 10,346,734 14,951,761 6,983,870 3,285,247
Ratios Dec 2018 Dec 2019 Dec 2020 Dec 2021 Jun 2022 7,184
Current Ratio (%) 1.54 1.39 1.09 1.01 1.06
DAR (x) 0.71 0.69 0.76 0.75 0.76
DER (x) 2.44 2.23 3.09 2.98 3.14
EPS (IDR) 153.83 247.75 109.56 26.81 13.12 2018 2019 2020 2021 2022
PER (x) 10.76 8.03 18.12 41.21 73.94

PBV (x) 0.81 0.77 1.07 1.02 0.57
ROA (%) 3.50 4.22 0.47 0.31 0.02
2,621
ROE (%) 12.04 13.64 1.94 1.23 0.07
GPM (%) 11.57 12.79 9.22 9.51 n.a.
2,073
OPM (%) 9.05 9.37 3.81 5.09 3.86
NPM (%) 6.65 9.63 1.95 1.20 0.17
DPS (IDR) 26.82 38.60 50.96 0.00 0.00
DPR (%) 17.43 15.58 46.51 0.00 0.00
Dividend Yield (%) 1.73 2.33 2.56 0.00 0.00
214
No. of Listed Shares, million 8,970 8,970 8,970 8,970 8,970 12
2018 2019 2020 2021 2022

Contact Information Request for Repair Form
Data Management Unit If you have any inquiry regarding this statistical
PLDT@idx.co.id publication, please let us know your thoughts via our
Data Services Division | 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 Earings Per Share (EPS).
Earnings Ratio) EPS is derived by dividing the 12 months trailing of Profit for ROA (Return on 12 months trailing of Profit for the period attributable to
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 OPM (Operating Operating 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 NPM (Net Profit 12 months trailing of Profit for the period attributable to
positive earnings and below the 90 percent percentile as a Margin) owners of entity divided by Revenue.
threshold determined by the IDX. DPS (Dividend Total Cash Dividend per Share within a year (in IDR). The
PBV (Price to Stock Price divided by Book Value (BV). Per Share) cash dividends in USD are converted to IDR by multiplying
Book Value BV is derived by dividing the Total equity by Number of with BI rate as of payment date.
Ratio) listed shares. DPR (Dividend Dividend per share divided by Earnings per share
ESG Risk Rating Composed of three building blocks that contribute to a Payout Ratio)
company’s overall rating. These building blocks include Yield (%) Dividend per share divided by stock price
Corporate Governance, material ESG issues (MEIs), and
idiosyncratic ESG issues. C&CE Cash & Cash Equivalents.
Companies are grouped into one of five risk categories
(negligible, low, medium, high, severe)
© September 2022 Indonesia Stock Exchange

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IDX Company Fact Sheet: August 2022 - January 2023

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IDX Company Fact Sheet: August 2022 - January 2023

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IDX Company Fact Sheet

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LQ45 Companies 1. ADRO Adaro Energy Tbk.

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

Aug 02, 2021 - Jul 29, 2022 ADRO*

Trading Summary of Last 12 Months

Yearly Trading Summary of Last 5 Years Comparison to Peers

No. Index Code No. Index Code

© 2022 DATA SERVICES DIVISION | INDONESIA STOCK EXCHANGE

ADRO Adaro Energy Indonesia Tbk.

Financial Data & Ratios

Long-term Bank Loans 15,596,688 7,692,090 600,915 7,856,426 7,632,576 -

Total Equity 62,569,747 55,548,443 55,738,926 63,615,697 81,949,415 55,548 55,739

PER (x) 6.28 6.95 30.22 11.13 5.08

© 2022 DATA SERVICES DIVISION | INDONESIA STOCK EXCHANGE

Sumber Alfaria Trijaya Tbk.

AMRT Sumber Alfaria Trijaya 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

AMRT Sumber Alfaria Trijaya Tbk.

Stock Performance & Trading Summary

Aug 02, 2021 - Jul 29, 2022 AMRT*

Trading Summary of Last 12 Months

Yearly Trading Summary of Last 5 Years Comparison to Peers

No. Index Code

© 2022 DATA SERVICES DIVISION | INDONESIA STOCK EXCHANGE

AMRT Sumber Alfaria Trijaya Tbk.

Financial Data & Ratios

Long-term Bank Loans 800,742 707,168 724,494 606,625 430,256 -

Net Cash - Investing -1,886,495 -2,689,191 -3,830,974 -3,659,677 -2,502,804

PER (x) 72.15 37.86 30.18 32.97 39.82

© 2022 DATA SERVICES DIVISION | INDONESIA STOCK EXCHANGE

Aneka Tambang Tbk.

ANTM Aneka Tambang 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

ANTM Aneka Tambang Tbk.

Stock Performance & Trading Summary

Aug 02, 2021 - Jul 29, 2022 ANTM*

Trading Summary of Last 12 Months

Yearly Trading Summary of Last 5 Years Comparison to Peers

No. Index Code No. Index Code

© 2022 DATA SERVICES DIVISION | INDONESIA STOCK EXCHANGE

ANTM Aneka Tambang Tbk.

Financial Data & Ratios

Long-term Bank Loans 5,249,741 3,465,639 3,387,657 3,703,354 2,348,374 -

Retained earnings 10,591,179 7,912,776 8,786,064 10,271,507 10,914,765

Net Increase/Decrease in C&CE -1,338,991 -614,636 432,837 1,091,243 -1,899,878