Idx Company Fact Sheet Lq45 2023 02

Data Services Division
IDX Company
Fact Sheet
LQ45
August 2023 – January 2024
Email idxdata@idx.co.id
Phone +62 812 9449 5121
Website www.idx.co.id
List of Contents
LQ45 Companies 1. ACES Ace Hardware Indonesia Tbk.
2. ADRO Adaro Energy Indonesia Tbk.
in Period of 3. AKRA AKR Corporindo Tbk.
Aug 2023 – Jan 2024 4. AMRT Sumber Alfaria Trijaya Tbk.
5. ANTM Aneka Tambang Tbk.
6. ARTO Bank Jago Tbk.
7. ASII Astra International Tbk.
8. BBCA Bank Central Asia Tbk.
9. BBNI Bank Negara Indonesia (Persero) Tbk.
10. BBRI Bank Rakyat Indonesia (Persero) Tbk.
11. BBTN Bank Tabungan Negara (Persero) Tbk.
12. BMRI Bank Mandiri (Persero) Tbk.
13. BRIS Bank Syariah Indonesia Tbk.
14. BRPT Barito Pacific Tbk.
15. BUKA Bukalapak.com Tbk.
16. CPIN Charoen Pokphand Indonesia Tbk
17. EMTK Elang Mahkota Teknologi Tbk.
18. ESSA Surya Esa Perkasa Tbk.
19. EXCL XL Axiata Tbk.
20. GGRM Gudang Garam Tbk.
21. GOTO GoTo Gojek Tokopedia Tbk.
22. HRUM Harum Energy Tbk.
23. ICBP Indofood CBP Sukses Makmur Tbk.
24. INCO Vale Indonesia Tbk.
25. INDF Indofood Sukses Makmur Tbk.
26. INDY Indika Energy Tbk.
27. INKP Indah Kiat Pulp & Paper Tbk.
28. INTP Indocement Tunggal Prakarsa Tbk.
29. ITMG Indo Tambangraya Megah Tbk.
30. KLBF Kalbe Farma Tbk.
31. MAPI Mitra Adiperkasa Tbk.
32. MDKA Merdeka Copper Gold Tbk.
33. MEDC Medco Energi Internasional Tbk.
34. PGAS Perusahaan Gas Negara Tbk.
35. PTBA Bukit Asam Tbk.
36. SCMA Surya Citra Media Tbk.
37. SIDO Industri Jamu dan Farmasi Sido Muncul Tbk.
38. SMGR Semen Indonesia (Persero) Tbk.
39. SRTG Saratoga Investama Sedaya Tbk.
40. TBIG Tower Bersama Infrastructure Tbk.
41. TLKM Telkom Indonesia (Persero) Tbk.
42. TOWR Sarana Menara Nusantara Tbk.
43. TPIA Chandra Asri Petrochemical Tbk.
44. UNTR United Tractors Tbk.
45. UNVR Unilever Indonesia Tbk.
ACES
Ace Hardware Indonesia Tbk.
IDX Company Fact Sheet
ACES Ace Hardware Indonesia Tbk.

Date: 31 Jul 2023 v2.0.0
Company Profile Company History

PT Ace Hardware Indonesia Tbk. has a main business field of Trading. The Established Listing Date IPO Price (IDR) IPO Lead Underwriter
company's President Director and President Commisioner are PRABOWO PT CLSA Indonesia
WIDYA KRISNADI and KUNCORO WIBOWO. The largest shareholder of the
03 Feb 1995 06 Nov 2007 820
company is PT KAWAN LAMA SEJAHTERA (59.97%). The percentage of public
shareholding (<5%) is 39.86%. The company has 3 subsidiaries. One of the Stock Overview
biggest subsidiaries is PT TOYS GAMES INDONESIA.
Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
For more information click here: Main 12,348,000,000,000 13,998,412,124,184
https://www.idx.co.id/en/listed-companies/company-profiles/ACES
Listed Shares % of All Stocks % of All Stocks
Trading by Investor Types 17,150,000,000 0.12% 0.49%
Total Trading Value* Free Float Shares Rank Rank

(in billion IDR) Year 2022 YTD 2023 39.84% 118 of 879 40 of 884
Domestic 12,446.6 13,562.3
Individual 76.51% 73.82% Industrial Classification
61% Institution 20.46% 12.80%
77% Others 3.03% 13.38% Sector Industry
Foreign 8,093.0 4,482.7 E Consumer Cyclicals E74 Specialty Retail
39% Individual 1.32% 0.61%
23% Institution 71.90% 81.38% Sub-Sector Sub-Industry
Others 26.79% 18.00% E7 Retailing E743 Home Improvement Retail
Year 2022 YTD 2023
Total 20,539.6 18,045.0
Fundamental & ESG
Stock Turnover Net Foreign**
(in billion IDR) Sell (in billion IDR) PER PBV ESG Risk Rating*
D F Total Year 2022 YTD 2023
YTD 2023
18.45x 2.03x 18.95 Low
D 5,082.8 1,567.2 6,650.0
-1,413.5 262.3
F 1,829.5 543.0 2,372.5 *Total trading value by Foreign is the sum of
Total 6,912.3 2,110.2 9,022.5 0x 5x 10x 15x 20x 25x 30x 35x 40x 45x 50x 55x
Buy
foreign buy and foreign sell divided by 2. Total

trading value by Domestic is the sum of
Year 2022 domestic buy and domestic sell divided by 2.
**Net Foreign is The Total Trading Value of
D 3,934.1 2,996.0 6,930.1 "Foreign Buy-Domestic Sell" minus "Foreign Sell-
ACES Sector PER Market PER
F 1,582.5 1,757.3 3,339.7 Domestic Buy". 17.07x 13.54x
A positive net foreign indicates a net buy by
Total 5,516.5 4,753.3 10,269.8 foreign investors. Note: Please see Methodology for more details. ESG = Environmental, Social, & Governance.
*ESG Risk Rating is provided by Sustainalytics. For more information, visit www.sustainalytics.com.
Dividend Payment Corporate Action

5 Recent Releases 5 Recent Releases
Year F/I/ Ratio Cash Per Share Date Year Corp. Ex Cum Ratio RTP DF
BS/SD (in IDR/USD) Ex Record Payment Action Date Price
2023 F - Rp31.06 05-Jul-23 06-Jul-23 21-Jul-23 2012 SS 01-Nov-12 7,000 10:1 700 0.100
2022 F - Rp20.59 17-Jun-22 20-Jun-22 08-Jul-22 - - - - - - -
2021 F - Rp32.15 18-Jun-21 21-Jun-21 09-Jul-21 - - - - - - -
2020 F - Rp18.10 14-Aug-20 18-Aug-20 04-Sep-20 - - - - - - -
2019 F - Rp28.25 24-May-19 27-May-19 14-Jun-19 - - - - - - -
Source: Company's disclosure on IDX website. Source: Company's disclosure on IDX website.
F = Final Cash Dividend; I = Interim Cash Dividend; BS = Bonus Shares; SD = Stock Dividend Note: RTP = Rounded Theoritical Price; DF = Delution Factor.
RI = Right Issues; SS = Stock Splits; RS = Reverse Splits; BS = Bonus Shares.
Industry Peers
No. Code Company Name Market Date Total Revenue Profit/Loss for
Cap Asset Liabilities Equity the Period
1. ACES Ace Hardware Indonesia 12,348.00 06/30/23 7,799,796 5,704,702 2,095,094 3,635,052 304,377
2. CSAP Catur Sentosa Adiprana Tbk. 3,722.48 06/30/23 9,720,500 2,536,458 7,184,042 7,794,784 98,740
3. DEPO Caturkarda Depo Bangunan 2,960.44 06/30/23 1,814,623 1,196,004 618,619 1,279,603 41,301
4. BAUT Mitra Angkasa Sejahtera 240.00 06/30/23 257,863 198,088 59,776 101,807 5,310
5. TOOL Rohartindo Nusantara Luas 137.35 06/30/23 197,467 172,176 25,291 60,031 9,970
Note: Masket cap is as of Jul 31, 2023. Financial data are based on the companies' latest financial statement that submitted to IDX (see Date column), expressed in million IDR.
PER (x) PBV (x) ROA (%) ROE (%) DAR (x) DER (x)
1. ACES Ace Hardware Indonesia Tbk. 18.45 2.03 3.90 14.53 0.73 2.72
2. CSAP Catur Sentosa Adiprana Tbk. 17.07 1.47 1.02 1.37 0.26 0.35
3. DEPO Caturkarda Depo Bangunan Tbk. 29.05 2.48 2.28 6.68 0.66 1.93
4. BAUT Mitra Angkasa Sejahtera Tbk. 24.46 1.21 2.06 8.88 0.77 3.31
5. TOOL Rohartindo Nusantara Luas Tbk 9.20 0.83 5.05 39.42 0.87 6.81
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.
© 2023 DATA SERVICE DIVISION | INDONESIA STOCK EXCHANGE


Date: 31 Jul 2023 v2.0.0
Stock Performance & Trading Summary

Price Performance of Last 12 Months
Jul 29, 2022 - Jul 31, 2023 ACES*
1.41%
IHSG
-0.28%
LQ45
-1.33%
Sector**
Aug 22 Sep 22 Oct 22 Nov 22 Dec 22 Jan 23 Feb 23 Mar 23 Apr 23 May 23 Jun 23 Jul 23 2.70%
*Adjusted Close Price; **Consumer Cyclicals
Trading Summary of Last 12 Months
Price (IDR) Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23
Highest 765 720 615 590 500 510 555 505 480 655 700 755
Lowest 650 610 500 500 398 430 480 440 440 444 605 640
Close 720 610 565 500 496 498 505 478 450 630 675 720
Adj. Close* 720 610 565 500 496 498 505 478 450 630 675 720
Growth (%) -15.28% -7.38% -11.50% -0.80% 0.40% 1.41% -5.35% -5.86% 40.00% 7.14% 6.67%
Shares Traded Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23
Volume (mill.) 1,762.33 917.13 1,701.54 1,386.05 3,098.17 2,847.53 2,475.96 1,613.97 871.92 3,462.31 2,039.80 2,659.74
Value (bill.) 1,262.84 604.86 924.76 768.01 1,415.46 1,370.63 1,277.10 770.62 394.70 1,945.39 1,355.51 1,908.53
Frequency (th.) 140.24 98.36 134.38 112.03 231.03 205.96 167.54 138.15 98.58 228.48 170.80 218.12
Days 22 22 21 22 22 21 20 21 14 21 17 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) 2018 2019 2020 2021 2022 Industry: Home Improvement Retail
Highest 1,615 1,890 1,850 1,800 1,385 No. Code 6M YTD 1Y 3Y 5Y
Lowest 1,125 1,485 1,040 1,220 398
Close 1,490 1,495 1,715 1,280 496 1. ACES 46.9% 45.2% 1.4% -58.9% -45.0%
Adj. Close* 1,490 1,495 1,715 1,280 496 2. CSAP -9.9% -19.3% -4.6% 99.4% 15.4%
Growth (%) 0.34% 14.72% -25.36% -61.25% 3. DEPO -9.9% -9.2% -9.9% n.a. n.a.
4. BAUT 0.0% 0.0% 0.0% n.a. n.a.
Shares Traded 2018 2019 2020 2021 2022 5. TOOL -8.2% -13.0% n.a. n.a. n.a.
Volume 3,832 6,253 5,114 7,478 14,253
Value 5,179 10,676 7,783 10,956 10,270 Note:
Frequency 352 1,037 1,001 1,059 1,414 Base date: 6M = Jan 31, 2023; YTD = Dec 30, 2022; 1Y = Jul 29, 2022; 3Y = Jul 30, 2020; 5Y = Jul 31, 2018;
Industry peer companies are in the same industry, selected based on the proximity of stocks' market capitalization;
Days 239 245 242 247 246 *Adjusted price refers to the close price after adjustments for any applicable corporate actions.
Index Membership
No. Index Code No. Index Code

1. COMPOSITE 11. KOMPAS100 21. 31.
2. IDX80 12. LQ45 22. 32.
3. IDXCYCLIC 13. MBX 23. 33.
4. IDXESGL 14. PEFINDO25 24. 34.
5. IDXQ30 15. 25. 35.
6. IDXSMC-COM 16. 26. 36.
7. IDXSMC-LIQ 17. 27. 37.
8. ISSI 18. 28. 38.
9. JII 19. 29. 39.
10. JII70 20. 30. 40.
Note: the index membership above is as of Sep 1, 2023


Date: 31 Jul 2023 v2.0.0
Financial Data & Ratios

Book End: December (Expressed in millions IDR, unless otherwise stated)
Balance Sheets Dec 2019 Dec 2020 Dec 2021 Dec 2022 Jun 2023
Cash & Cash Equivalents 1,255,018 2,219,785 2,543,834 2,133,399 2,553,942
Trade receivables 89,139 143,483 66,778 85,855 96,259 Total Asset & Liabilities (Bill. Rp)
Inventories 2,652,703 2,453,227 2,367,949 2,810,769 2,727,973 Asset Liabilities
9
Current Assets 4,584,329 5,034,737 5,192,108 5,362,930 5,741,952
Investment Properties 345,016 363,069 348,425 333,075 325,400 8
Fixed Asset 502,038 1,477,190 1,320,612 425,774 430,646 7

- - - - - - 6
Total Assets 5,920,170 7,247,064 7,189,816 7,249,255 7,799,796 5
Trade Payable 177,558 164,227 126,724 144,350 197,074
4
- - - - - -
3
- - - - - -
- - - - - - 2
Current Liabilities 567,618 844,928 722,537 669,769 1,185,565 1

- - - - - - -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Total Liabilities 1,177,676 2,024,821 1,677,058 1,315,266 2,095,094
Total Equity (Bill. Rp)
Common Stocks 171,500 171,500 171,500 171,500 171,500
Paid up Capital (Shares) 17,150 17,150 17,150 17,150 17,150 5,934
5,705
Par Value 10 10 10 10 10 5,513
5,222
Retained earnings 4,169,724 4,629,340 4,903,395 5,311,723 5,082,386 4,742
Total Equity 4,742,494 5,222,243 5,512,759 5,933,989 5,704,702
Income Statements Dec 2019 Dec 2020 Dec 2021 Dec 2022 Jun 2023
Revenues 8,142,717 7,412,767 6,543,363 6,762,803 3,635,052
Gross Profit 3,887,090 3,659,182 3,212,649 3,267,953 1,758,945
Operating Profit/Loss 1,162,575 853,085 787,726 746,713 339,601
Interest & Finance Costs -20,775 -63,531 -63,637 50,580 19,357
EBT 1,280,008 923,336 858,919 820,831 365,822
Tax -243,398 -192,025 -140,117 -147,184 -61,445
2019 2020 2021 2022 2023
Profit/Loss for the period 1,036,611 731,311 718,802 673,647 304,377
Profit/Loss Period Attributable 1,030,106 733,195 704,384 664,343 302,423
Comprehensive Income 990,585 833,807 840,937 705,517 304,377 Total Revenue (Bill. Rp)
Comprehensive Attributable 984,577 833,568 824,475 695,799 302,423
Cash Flow Statements Dec 2019 Dec 2020 Dec 2021 Dec 2022 Jun 2023 8,143
Net Cash - Operating 1,159,516 1,538,615 1,305,426 618,838 731,462 7,413
6,543 6,763
Net Cash - Investing -158,078 -165,980 -83,380 -102,361 -68,319
Net Cash - Financing -547,512 -405,038 -897,843 -939,442 -230,287
Net Increase/Decrease in C&CE 453,927 967,597 324,203 -422,965 432,856
C&CE, end of period 1,255,018 2,219,785 2,543,834 2,133,399 2,553,942 3,635
Ratios Dec 2019 Dec 2020 Dec 2021 Dec 2022 Jun 2023
Current Ratio (%) 8.08 5.96 7.19 8.01 4.84
DAR (x) 0.20 0.28 0.23 0.18 0.27
DER (x) 0.25 0.39 0.30 0.22 0.37
EPS (IDR) 57.98 48.55 30.70 42.75 39.02 2019 2020 2021 2022 2023
PER (x) 25.79 35.32 41.70 11.60 17.30
BV (IDR) 277 305 321 346 333 Profit/Loss for the Period (Bill. Rp)
PBV (x) 5.39 4.91 5.34 3.70 1.49
ROA (%) 17.51 10.09 10.00 9.29 3.90
1,037
ROE (%) 21.86 14.00 13.04 11.35 5.34
GPM (%) 47.74 49.36 49.10 48.32 48.39
OPM (%) 14.28 11.51 12.04 11.04 9.34 731 719
NPM (%) 12.73 9.87 10.99 9.96 8.37 674
DPS (IDR) 28.25 18.10 32.15 20.59 31.06

DPR (%) 48.72 37.28 104.73 48.16 79.60
Dividend Yield (%) 1.90 1.21 1.87 1.61 6.26 304
Miscellaneous Dec 2019 Dec 2020 Dec 2021 Dec 2022 Jun 2023
No. of Listed Shares, million 17,150 17,150 17,150 17,150 17,150
Market Capitalization, billion IDR 25,639 29,412 21,952 8,506 11,576
2019 2020 2021 2022 2023
USD Rate (BI-JISDOR), IDR* 13,945 14,105 14,269 15,592 15,000
*If the company's reported financial data is in USD then the financial data is converted to IDR by multiplying with the corresponding USD Rate.

ADRO
Adaro Energy Indonesia Tbk.
ADRO Adaro Energy Indonesia Tbk.

Date: 31 Jul 2023 v2.0.0

PT Adaro Energy Indonesia Tbk. has a main business field of Coal mining (coal Established Listing Date IPO Price (IDR) IPO Lead Underwriter
mining). The company's President Director and President Commisioner are PT Danatama
Garibaldi Thohir and Edwin Soeryadjaya. The largest shareholder of the
28 Jul 2004 16 Jul 2008 1,100
Makmur
company is Public (<5%) (46.78%). The company has 84 subsidiaries. One of
the biggest subsidiaries is PT Alam Tri Abadi. Stock Overview
https://www.idx.co.id/en/listed-companies/company-profiles/ADRO

Domestic 137,737.9 35,794.3
Institution 22.16% 15.20%
74% 69%
Others 2.14% 11.56% Sector Industry
Foreign 49,922.5 17,902.8 A Energy A12 Coal
Individual 1.35% 0.69%
26% 31%
Institution 81.60% 84.40% Sub-Sector Sub-Industry
Others 17.05% 14.90% A1 Oil, Gas & Coal A121 Coal Production
Year 2022 YTD 2023
Total 187,660.4 53,697.1
Fundamental & ESG
YTD 2023
1.93x 0.73x 43.55 Severe
D 12,287.7 5,876.9 18,164.6
2,516.9 -534.9
F 5,341.9 3,342.0 8,683.9 *Total trading value by Foreign is the sum of
Buy

ADRO Sector PER Market PER
F 18,362.2 7,857.5 26,219.7 Domestic Buy". 7.08x 13.54x

2023 F - $240.78000 23-May-23 24-May-23 06-Jun-23 - - - - - - -
2023 I - Rp251.28 02-Jan-23 03-Jan-23 13-Jan-23 - - - - - - -
2022 F - Rp141.39 17-May-22 18-May-22 08-Jun-22 - - - - - - -
2022 F - Rp160.16 30-Dec-22 03-Jan-22 14-Jan-22 - - - - - - -
2021 F - $0.00459 05-May-21 06-May-21 25-May-21 - - - - - - -
Industry Peers
1. ADRO Adaro Energy Indonesia Tbk. 77,086.17 06/30/23 146,033,415 105,281,280 40,752,135 52,189,230 14,939,490
2. BYAN Bayan Resources Tbk. 661,666.70 06/30/23 41,164,092 29,617,418 11,546,674 30,588,667 11,436,749
3. BUMI Bumi Resources Tbk. 47,529.05 06/30/23 65,482,447 42,573,543 22,908,904 13,294,060 1,368,242
4. GEMS Golden Energy Mines Tbk. 38,382.35 06/30/23 20,397,096 13,431,972 6,965,124 21,651,698 5,096,914
5. ADMR Adaro Minerals Indonesia 37,816.16 06/30/23 20,058,938 11,380,027 8,678,911 6,954,097 2,460,645
1. ADRO Adaro Energy Indonesia Tbk. 1.93 0.73 10.23 36.66 0.72 2.58
2. BYAN Bayan Resources Tbk. 18.93 17.76 27.78 99.05 0.72 2.57
3. BUMI Bumi Resources Tbk. 5.61 1.13 2.09 5.97 0.65 1.86
4. GEMS Golden Energy Mines Tbk. 3.17 3.24 24.99 73.18 0.66 1.93
5. ADMR Adaro Minerals Indonesia Tbk. 7.20 3.72 12.27 28.35 0.57 1.31


Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 ADRO*
-25.85%
IHSG
-0.28%
LQ45
-1.33%
Sector**
*Adjusted Close Price; **Energy
Highest 3,540 4,100 4,140 3,880 3,970 3,590 2,990 3,020 3,130 2,980 2,320 2,500
Lowest 3,080 3,700 3,840 3,480 3,680 3,010 2,740 2,640 2,860 2,040 2,100 2,320
Close 3,540 3,960 3,980 3,870 3,850 3,010 2,990 2,900 3,130 2,040 2,230 2,410
Adj. Close* 3,540 3,960 3,980 3,870 3,850 3,010 2,990 2,900 3,130 2,040 2,230 2,410
Growth (%) 11.86% 0.51% -2.76% -0.52% -21.82% -0.66% -3.01% 7.93% -34.82% 9.31% 8.07%
Volume (mill.) 2,243.91 2,369.15 1,633.32 1,704.23 1,432.24 1,832.46 1,503.38 1,463.34 930.19 2,134.47 858.32 970.83
Value (bill.) 7,381.61 9,313.11 6,517.04 6,286.53 5,478.02 5,829.21 4,340.40 4,164.40 2,809.89 5,455.62 1,905.06 2,343.96
Frequency (th.) 322.53 321.42 255.05 277.97 204.02 318.31 295.84 239.09 155.24 376.28 152.80 187.44
Days 22 22 21 22 22 21 20 21 14 21 17 20
Price (IDR) 2018 2019 2020 2021 2022 Industry: Coal Production
Lowest 1,215 1,020 645 1,160 2,160
Close 1,215 1,555 1,430 2,250 3,850 1. ADRO -18.6% -37.4% -25.8% 122.1% 26.5%
Adj. Close* 1,215 1,555 1,430 2,250 3,850 2. BYAN -1.2% -5.5% 192.0% 1400.9% 905.1%
Growth (%) 27.98% -8.04% 57.34% 71.11% 3. BUMI -16.3% -20.5% 13.3% 156.0% -50.8%
4. GEMS -3.3% -7.4% 1.6% 155.9% 155.9%
Shares Traded 2018 2019 2020 2021 2022 5. ADMR -43.6% -45.4% -49.9% n.a. n.a.
Volume 17,724 14,956 19,978 29,016 30,033
Value 33,061 20,018 24,209 44,192 93,830 Note:
Frequency 1,412 1,332 2,127 3,001 3,762 Base date: 6M = Jan 31, 2023; YTD = Dec 30, 2022; 1Y = Jul 29, 2022; 3Y = Jul 30, 2020; 5Y = Jul 31, 2018;
Index Membership

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


Date: 31 Jul 2023 v2.0.0

Trade receivables 4,327,468 3,161,579 6,449,431 10,090,410 8,926,935 Total Asset & Liabilities (Bill. Rp)
180
Current Assets 29,422,890 24,424,486 40,497,306 82,938,666 60,848,685
- - - - - - 160
Fixed Asset 24,019,049 21,713,731 19,935,291 351,676,578 23,358,420 140

- - - - - - 120
Total Assets 100,642,529 90,011,988 108,257,990 168,117,731 146,033,415 100
Trade Payable 4,678,840 3,022,321 3,887,004 5,195,442 5,487,735
80
Curr. Maturities - Bank Loans 7,057,007 8,289,748 3,124,497 2,228,798 3,867,795
60
- - - - - -
- - - - - - 40
Current Liabilities 17,188,621 16,149,139 19,428,071 38,161,607 15,932,880 20

Long-term Bank Loans 7,692,090 600,915 7,856,426 10,413,959 7,630,575 -
Long-term Bonds Payable 10,235,825 10,394,863 10,560,744 10,928,277 10,433,010 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 4,782,298 4,837,169 4,893,411 5,347,120 5,144,100
105,281
Par Value 100 100 100 100 100

Retained earnings 31,914,485 33,105,295 39,717,690 69,874,815 72,829,320
Total Equity 55,548,443 55,738,926 63,615,697 101,774,254 105,281,280
63,616
Income Statements Dec 2019 Dec 2020 Dec 2021 Dec 2022 Jun 2023 55,548 55,739
Revenues 48,210,013 35,753,946 56,972,093 126,332,605 52,189,230
Gross Profit 13,451,221 8,134,763 25,252,506 72,549,139 21,692,445
Operating Profit/Loss 10,207,824 5,802,064 22,612,099 66,823,414 18,082,860
Interest & Finance Costs -925,056 -1,261,340 -1,189,093 1,392,584 809,295
EBT 9,191,191 3,133,637 21,207,316 69,793,207 18,604,350
Tax -3,125,088 -897,924 -6,530,322 -25,650,337 -3,664,860
2019 2020 2021 2022 2023
Profit/Loss for the period 6,066,103 2,235,713 14,676,994 44,142,870 14,939,490
Profit/Loss Period Attributable 5,636,430 2,072,405 13,319,997 38,872,103 13,107,525
Comprehensive Income 5,403,799 1,396,423 15,797,281 45,574,293 15,534,615 Total Revenue (Bill. Rp)
Comprehensive Attributable 4,945,706 1,219,702 14,409,207 40,304,135 13,687,020
126,333
Cash Flow Statements Dec 2019 Dec 2020 Dec 2021 Dec 2022 Jun 2023
Net Cash - Operating 12,791,511 10,387,359 20,495,021 60,251,448 1,074,420
Net Cash - Investing -7,509,438 -5,068,420 -9,197,969 -11,962,120 -3,761,970
Net Cash - Financing 3,671,719 -10,973,225 -2,189,179 -12,447,327 -17,200,485
Net Increase/Decrease in C&CE 8,953,792 -5,654,285 9,107,874 35,842,001 -19,888,035
56,972
C&CE, end of period 21,979,983 16,555,081 25,843,171 63,418,246 41,427,210 52,189
48,210
35,754
Current Ratio (%) 1.71 1.51 2.08 2.17 3.82
DAR (x) 0.45 0.38 0.41 0.39 0.28
DER (x) 0.81 0.61 0.70 0.65 0.39
EPS (IDR) 223.87 47.32 202.23 1,134.40 1,250.19 2019 2020 2021 2022 2023
PER (x) 6.95 30.22 11.13 3.39 1.78
BV (IDR) 1,737 1,743 1,989 3,182 3,291 Profit/Loss for the Period (Bill. Rp)
PBV (x) 0.70 0.89 0.72 0.71 1.17
ROA (%) 6.03 2.48 13.56 26.26 10.23
44,143
ROE (%) 10.92 4.01 23.07 43.37 14.19
GPM (%) 27.90 22.75 44.32 57.43 41.56
OPM (%) 21.17 16.23 39.69 52.89 34.65
NPM (%) 12.58 6.25 25.76 34.94 28.63
DPS (IDR) 90.15 110.06 65.80 301.55 251.28
DPR (%) 40.27 232.58 32.54 26.58 20.10
14,677 14,939
Dividend Yield (%) 7.42 7.08 4.60 13.40 6.53
Miscellaneous Dec 2019 Dec 2020 Dec 2021 Dec 2022 Jun 2023 6,066
2,236
2019 2020 2021 2022 2023

AKRA
AKR Corporindo Tbk.
AKRA AKR Corporindo Tbk.

Date: 31 Jul 2023 v2.0.0

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

Domestic 19,637.5 10,009.9
65% 63% Institution 28.63% 19.44%
Foreign 10,850.8 6,267.1 A Energy A11 Oil & Gas
35% 37%
Others 28.95% 26.71% A1 Oil, Gas & Coal A112 Oil & Gas Storage & Distribution
Year 2022 YTD 2023
Total 30,488.3 16,277.0
Fundamental & ESG
YTD 2023
11.22x 2.09x 26.77 Medium
D 3,310.9 1,667.8 4,978.7
-30.4 52.4
Buy

AKRA Sector PER Market PER
F 3,124.1 2,286.1 5,410.2 Domestic Buy". 7.08x 13.54x

2023 I - Rp50.00 04-Aug-23 07-Aug-23 16-Aug-23 2022 SS 12-Jan-22 4,200 5:1 840 0.200
2023 F - Rp50.00 10-May-23 11-May-23 24-May-23 2010 RI 29-Jan-10 1,250 5:1 1,190 0.948
2022 I - Rp25.00 04-Aug-22 05-Aug-22 16-Aug-22 2007 SS 26-Jul-07 5,500 5:1 1,100 0.200
2022 F - Rp17.00 18-May-22 19-May-22 24-May-22 2004 RI 01-Oct-04 1,700 1:2 900 0.529
2021 I - Rp60.00 04-Aug-21 05-Aug-21 19-Aug-21 1996 SS 30-Sep-96 2,450 2:1 1,230 0.500
Industry Peers
1. AKRA AKR Corporindo Tbk. 27,801.76 06/30/23 25,429,779 13,284,343 12,145,437 19,854,712 1,091,957
2. PGAS Perusahaan Gas Negara 33,089.66 06/30/23 104,020,001 50,356,580 53,663,421 26,749,520 2,987,316
3. RAJA Rukun Raharja Tbk. 3,846.65 06/30/23 4,630,867 2,062,227 2,568,640 1,108,381 149,585
4. SHIP Sillo Maritime Perdana Tbk. 3,807.71 06/30/23 6,473,507 2,752,261 3,721,247 1,116,581 218,257
5. HITS Humpuss Intermoda 3,728.07 06/30/23 3,446,593 1,308,752 2,137,842 830,379 150,661
1. AKRA AKR Corporindo Tbk. 11.22 2.09 4.29 8.99 0.52 1.09
2. PGAS Perusahaan Gas Negara Tbk. 7.08 0.62 2.87 5.57 0.48 0.94
3. RAJA Rukun Raharja Tbk. 20.31 1.85 3.23 5.82 0.45 0.80
4. SHIP Sillo Maritime Perdana Tbk. 10.87 1.40 3.37 5.87 0.43 0.74
5. HITS Humpuss Intermoda Transportasi 19.55 2.85 4.37 7.05 0.38 0.61


Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 AKRA*
10.80%
IHSG
-0.28%
LQ45
-1.33%
Sector**
Highest 1,285 1,455 1,560 1,550 1,450 1,400 1,425 1,615 1,625 1,605 1,515 1,470
Lowest 1,160 1,150 1,330 1,350 1,340 1,230 1,280 1,355 1,550 1,300 1,360 1,365
Close 1,200 1,350 1,560 1,385 1,400 1,345 1,385 1,550 1,620 1,365 1,420 1,385
Adj. Close* 1,200 1,350 1,560 1,385 1,400 1,345 1,385 1,550 1,620 1,365 1,420 1,385
Growth (%) 12.50% 15.56% -11.22% 1.08% -3.93% 2.97% 11.91% 4.52% -15.74% 4.03% -2.46%
Volume (mill.) 1,145.43 1,543.93 1,397.56 1,107.71 811.85 799.60 812.90 863.39 578.25 1,016.53 924.65 743.10
Value (bill.) 1,388.08 2,020.58 1,985.01 1,583.67 1,128.22 1,048.98 1,091.13 1,263.22 919.95 1,433.28 1,336.37 1,045.58
Frequency (th.) 134.41 156.05 138.79 141.01 82.39 86.04 103.75 94.86 64.13 117.39 92.46 113.49
Days 22 22 21 22 22 21 20 21 14 21 17 20
Price (IDR) 2018 2019 2020 2021 2022 Industry: Oil & Gas Storage & Distribution
Lowest 3,260 3,250 1,495 2,810 695
Close 4,290 3,950 3,180 4,110 1,400 1. AKRA 5.7% -1.1% 10.8% 140.5% 64.5%
Adj. Close* 858 790 636 822 280 2. PGAS -11.7% -22.4% -18.8% 7.9% -19.7%
Growth (%) -7.93% -19.49% 29.25% -65.94% 3. RAJA -4.2% -12.9% -5.2% 664.7% 33.8%
4. SHIP 40.0% 59.1% 12.0% 137.3% 90.5%
Shares Traded 2018 2019 2020 2021 2022 5. HITS 34.6% 43.4% -27.1% 1.9% -25.0%
Volume 2,578 2,048 4,934 3,255 13,295
Value 11,540 8,767 13,569 11,693 15,244 Note:
Frequency 537 502 682 762 1,387 Base date: 6M = Jan 31, 2023; YTD = Dec 30, 2022; 1Y = Jul 29, 2022; 3Y = Jul 30, 2020; 5Y = Jul 31, 2018;
Index Membership
No. Index Code No. Index Code No. Index Code

1. BISNIS-27 11. IDXLQ45LCL 21. MBX 31.
2. COMPOSITE 12. IDXSHAGROW 22. MNC36 32.
3. ESGQKEHATI 13. IDXSMC-COM 23. PEFINDO25 33.
4. ESGSKEHATI 14. IDXSMC-LIQ 24. SMinfra18 34.
5. I-GRADE 15. Investor33 25. 35.
6. IDX30 16. ISSI 26. 36.
7. IDX80 17. JII 27. 37.
8. IDXENERGY 18. JII70 28. 38.
9. IDXESGL 19. KOMPAS100 29. 39.
10. IDXG30 20. LQ45 30. 40.


Date: 31 Jul 2023 v2.0.0

30
Current Assets 10,777,639 8,042,419 12,022,678 15,841,294 14,442,876
Investment Properties - 983,750 1,816,568 1,816,568 1,816,568
25
Fixed Asset 5,325,172 5,126,119 4,978,381 4,996,697 4,940,399
- - - - - - 20
Total Assets 21,409,046 18,683,573 23,508,586 27,187,608 25,429,779
Trade Payable 5,835,094 3,011,754 7,766,849 9,239,324 5,748,685 15
Curr. Maturities - Bank Loans 300,596 366,545 383,787 554,640 1,011,379

10
- - - - - -
- - - - - -
5
Current Liabilities 8,712,526 5,102,110 9,306,841 11,280,492 8,115,296
Long-term Bank Loans 1,634,299 2,552,611 2,164,803 2,101,263 3,358,364 -
Long-term Bonds Payable 835,194 104,232 36,677 36,752 36,792 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 401,469 401,469 401,469 401,469 401,469 13,155 13,284
Paid up Capital (Shares) 4,015 4,015 4,015 20,073 20,073
11,299
Par Value 100 100 100 200 200 10,556
10,067
Total Equity 10,066,861 10,556,356 11,298,965 13,154,811 13,284,343
Revenues 21,702,638 17,715,928 25,707,069 47,539,987 19,854,712
Gross Profit 1,892,122 2,047,920 2,293,159 4,252,413 1,809,698
EBT 865,380 1,226,719 1,436,743 3,085,917 1,372,171
Tax -165,884 -264,722 -301,741 -606,858 -280,214
2019 2020 2021 2022 2023
Profit/Loss for the period 703,077 961,997 1,135,002 2,479,059 1,091,957
Profit/Loss Period Attributable 717,205 924,918 1,111,614 2,403,335 1,030,933
Comprehensive Income 656,278 971,870 1,157,728 2,576,003 1,041,590 Total Revenue (Bill. Rp)
Comprehensive Attributable 687,807 929,216 1,125,643 2,452,708 1,003,242 47,540
Net Cash - Operating 687,980 1,066,973 2,944,557 2,628,813 -262,248
Net Cash - Investing -779,297 -139,353 -208,358 -276,398 -175,554
Net Cash - Financing -128,832 -1,239,093 -1,683,257 -873,242 810,205 25,707
Net Increase/Decrease in C&CE -220,150 -311,473 1,052,942 1,479,173 372,403 21,703
19,855
C&CE, end of period 1,860,781 1,549,364 2,600,492 4,337,981 4,574,455 17,716
Current Ratio (%) 1.24 1.58 1.29 1.40 1.78
DAR (x) 0.53 0.43 0.52 0.52 0.48
DER (x) 1.13 0.77 1.08 1.07 0.91
EPS (IDR) 235.30 203.59 263.16 93.58 128.66 2019 2020 2021 2022 2023
PER (x) 16.79 15.62 15.62 14.96 11.04
BV (IDR) 2,508 2,629 2,814 655 662 Profit/Loss for the Period (Bill. Rp)
PBV (x) 1.71 1.50 1.13 6.27 2.12
ROA (%) 3.28 5.15 4.83 9.12 4.29
ROE (%) 6.98 9.11 10.05 18.85 8.22 2,479
GPM (%) 8.72 11.56 8.92 8.94 9.11
OPM (%) 5.04 6.78 5.66 6.57 6.83
NPM (%) 3.24 5.43 4.42 5.21 5.50
DPS (IDR) 180.00 100.00 135.00 42.00 100.00
1,135 1,092
DPR (%) 76.50 49.12 51.30 44.88 77.72 962
Dividend Yield (%) 4.20 2.53 4.25 1.02 7.14 703
2019 2020 2021 2022 2023

AMRT
Sumber Alfaria Trijaya Tbk.
AMRT Sumber Alfaria Trijaya Tbk.

Date: 31 Jul 2023 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/listed-companies/company-profiles/AMRT

Domestic 18,378.7 5,401.4
30% Individual 30.07% 30.99% Industrial Classification
35%
70%
Foreign 43,641.1 13,325.5 D Consumer Non-Cyclicals D11 Food & Staples Retailing
65%
Others 21.47% 30.09% D1 Food & Staples Retailing D113 Supermarkets & Convenience Store
Year 2022 YTD 2023
Total 62,019.8 18,726.9
Fundamental & ESG
YTD 2023
37.94x 9.28x 32.67 High
D 999.7 1,776.6 2,776.3
2,065.0 -151.1
Buy

AMRT Sector PER Market PER
F 6,058.5 16,794.5 22,853.1 Domestic Buy". 19.45x 13.54x

2023 F - Rp24.06 29-May-23 30-May-23 14-Jun-23 2013 SS 29-Jul-13 6,350 10:1 630 0.100
2022 F - Rp18.78 07-Jun-22 08-Jun-22 24-Jun-22 - - - - - - -
2021 F - Rp9.30 20-May-21 21-May-21 04-Jun-21 - - - - - - -
2020 I - Rp6.03 14-Dec-20 15-Dec-20 22-Dec-20 - - - - - - -
2020 F - Rp13.38 28-May-20 29-May-20 12-Jun-20 - - - - - - -
Industry Peers
1. AMRT Sumber Alfaria Trijaya Tbk. 112,116.15 06/30/23 33,009,780 12,206,422 20,803,358 53,833,869 1,647,728
2. MIDI Midi Utama Indonesia Tbk. 15,246.49 06/30/23 7,199,764 2,327,018 4,872,746 8,648,028 260,097
3. HERO Hero Supermarket Tbk. 5,438.72 06/30/23 6,669,405 1,067,636 5,601,769 2,515,795 131,925
4. MLPL Multipolar Tbk. 1,411.41 06/30/23 13,293,670 4,329,643 8,964,027 5,527,656 12,480
5. MPPA Matahari Putra Prima Tbk. 1,153.41 06/30/23 3,579,651 20,633 3,559,018 3,702,932 -145,384
1. AMRT Sumber Alfaria Trijaya Tbk. 37.94 9.28 4.99 7.92 0.37 0.59
2. MIDI Midi Utama Indonesia Tbk. 32.81 6.55 3.61 5.34 0.32 0.48
3. HERO Hero Supermarket Tbk. 19.56 4.99 1.98 2.36 0.16 0.19
4. MLPL Multipolar Tbk. 7.82 0.33 0.09 0.14 0.33 0.48
5. MPPA Matahari Putra Prima Tbk. -2.74 17.47 -4.06 -4.08 0.01 0.01


Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 AMRT*
44.00%
IHSG
-0.28%
LQ45
-1.33%
Sector**
*Adjusted Close Price; **Consumer Non-Cyclicals
Highest 2,180 2,400 2,820 3,090 2,950 2,850 3,070 2,980 2,920 3,020 2,740 2,870
Lowest 1,825 2,060 2,330 2,600 2,500 2,660 2,900 2,770 2,700 2,640 2,580 2,590
Close 2,180 2,390 2,820 3,090 2,650 2,850 2,900 2,880 2,900 2,640 2,580 2,700
Adj. Close* 2,180 2,390 2,820 3,090 2,650 2,850 2,900 2,880 2,900 2,640 2,580 2,700
Growth (%) 9.63% 17.99% 9.57% -14.24% 7.55% 1.75% -0.69% 0.69% -8.97% -2.27% 4.65%
Volume (mill.) 1,319.60 2,195.21 872.49 1,036.73 1,374.38 432.36 413.20 417.55 369.06 663.24 558.84 498.38
Value (bill.) 2,610.49 4,917.26 2,207.58 2,871.51 3,494.95 1,191.81 1,226.82 1,197.77 1,030.61 1,883.24 1,474.16 1,359.03
Frequency (th.) 167.53 127.78 86.71 125.02 110.20 99.04 87.70 96.75 76.51 132.41 107.85 87.82
Days 22 22 21 22 22 21 20 21 14 21 17 20
Price (IDR) 2018 2019 2020 2021 2022 Industry: Supermarkets & Convenience Store
Highest 950 1,025 920 1,440 3,090 No. Code 6M YTD 1Y 3Y 5Y
Lowest 550 800 625 765 1,020
Close 935 880 800 1,215 2,650 1. AMRT -4.6% 1.9% 44.0% 264.9% 233.3%
Adj. Close* 935 880 800 1,215 2,650 2. MIDI 35.5% 62.0% 117.7% 234.1% 381.1%
Growth (%) -5.88% -9.09% 51.88% 118.11% 3. HERO -13.3% -13.3% -18.8% 48.6% 39.8%
4. MLPL -12.6% -19.6% -47.7% 73.1% -21.7%
Shares Traded 2018 2019 2020 2021 2022 5. MPPA -26.0% -24.2% -56.3% -11.8% -61.8%
Volume 3,526 1,400 1,365 8,776 15,690
Value 3,133 1,234 1,077 10,191 31,010 Note:
Index Membership

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


Date: 31 Jul 2023 v2.0.0

35
Current Assets 14,782,817 13,558,536 14,211,903 15,664,200 17,027,516
- - - - - - 30
Fixed Asset 5,453,229 6,091,336 6,462,667 7,204,035 7,463,810
25
- - - - - -
Total Assets 23,992,313 25,970,743 27,493,748 30,746,266 33,009,780 20
Trade Payable 7,891,770 8,860,594 9,753,901 10,488,605 11,163,047
15
Curr. Maturities - Bank Loans 642,106 516,449 464,834 353,710 31,497
- - - - - - 10
- - - - - -
Long-term Bank Loans 707,168 724,494 606,625 765,766 164,492 -

Long-term Bonds Payable 998,553 - - - - 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 415,245 415,245 415,245 415,245 415,245
11,471
Par Value 10 10 10 10 10
8,990
Total Equity 6,884,307 7,636,328 8,989,798 11,470,692 12,206,422
7,636
6,884
Revenues 72,944,988 75,826,880 84,904,301 96,924,686 53,833,869
Gross Profit 14,541,634 15,412,434 17,681,005 20,022,444 11,435,835
Operating Profit/Loss 899,886 763,809 1,849,311 2,797,661 1,586,289
EBT 1,453,898 1,388,967 2,468,864 3,566,789 2,046,144
Tax -315,010 -300,490 -480,114 -659,311 -398,416
2019 2020 2021 2022 2023
Comprehensive Income 977,914 1,566,127 1,902,831 2,829,841 1,618,271 Total Revenue (Bill. Rp)
Comprehensive Attributable 953,587 1,533,565 1,864,430 2,778,057 1,583,263
Net Cash - Operating 5,409,142 6,560,173 6,335,963 7,062,488 2,494,765 84,904
Net Cash - Investing -2,689,191 -3,830,974 -3,659,677 -4,700,017 -2,229,857 72,945 75,827
Net Cash - Financing -892,330 -2,749,689 -3,278,614 -1,813,512 -1,119,627
Net Increase/Decrease in C&CE 1,827,621 -20,490 -602,328 548,959 -854,719 53,834
C&CE, end of period 3,898,050 3,877,560 3,269,642 3,818,601 2,963,882
Current Ratio (%) 1.12 0.88 0.87 0.90 0.88
DAR (x) 0.71 0.71 0.67 0.63 0.63
DER (x) 2.49 2.40 2.06 1.68 1.70
EPS (IDR) 23.24 26.51 36.85 63.50 71.17 2019 2020 2021 2022 2023
PER (x) 37.86 30.18 32.97 41.73 36.25
PBV (x) 5.64 4.79 3.70 4.40 9.01
ROA (%) 4.75 4.19 7.23 9.46 4.99
ROE (%) 16.54 14.25 22.12 25.35 13.50 2,907
GPM (%) 19.94 20.33 20.82 20.66 21.24
OPM (%) 1.23 1.01 2.18 2.89 2.95
1,989
NPM (%) 1.56 1.44 2.34 3.00 3.06
1,648
DPS (IDR) 2.64 19.41 9.30 18.78 24.06
DPR (%) 11.36 73.23 25.24 29.58 33.81 1,139 1,088
Dividend Yield (%) 0.28 2.21 1.16 1.55 0.91
2019 2020 2021 2022 2023

ANTM
Aneka Tambang Tbk.
ANTM Aneka Tambang Tbk.

Date: 31 Jul 2023 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
biggest subsidiaries is PT Indonesia Chemical Alumina.
https://www.idx.co.id/en/listed-companies/company-profiles/ANTM

Domestic 114,032.9 25,289.4
80% 75%
Foreign 29,185.0 8,977.1 B Basic Materials B14 Metals & Minerals
20% 25% Institution 77.43% 82.88% Sub-Sector Sub-Industry
Others 17.48% 15.55% B1 Basic Materials B146 Diversified Metals & Minerals
Year 2022 YTD 2023
Total 143,218.0 34,266.5
Fundamental & ESG
YTD 2023
11.87x 1.88x 40.00 Severe
D 9,368.0 2,708.5 12,076.5
1,012.8 1,136.4
Buy

ANTM Sector PER Market PER
F 11,571.1 3,527.8 15,098.9 Domestic Buy". 12.01x 13.54x

2023 F - Rp79.50 26-Jun-23 26-Jun-23 14-Jul-23 2015 RI 16-Oct-15 505 310:471 424 0.840
2022 F - Rp38.74 06-Jun-22 07-Jun-22 24-Jun-22 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. 47,701.07 06/30/23 36,368,666 23,676,086 12,692,580 21,661,112 1,889,757
2. INCO Vale Indonesia Tbk. 68,312.33 06/30/23 42,134,130 36,946,350 5,187,780 9,884,505 2,527,740
3. BRMS Bumi Resources Minerals 24,245.07 06/30/23 16,433,006 14,411,240 2,021,766 237,595 84,545
4. TINS Timah Tbk. 7,000.89 06/30/23 12,803,889 6,680,218 6,123,671 4,569,211 16,275
5. NICL PAM Mineral Tbk. 2,510.01 06/30/23 769,919 676,785 93,134 476,086 64,726
1. ANTM Aneka Tambang Tbk. 11.87 1.88 5.20 14.89 0.65 1.87
2. INCO Vale Indonesia Tbk. 20.01 1.85 6.00 48.72 0.88 7.12
3. BRMS Bumi Resources Minerals Tbk. 101.23 1.68 0.51 4.18 0.88 7.13
4. TINS Timah Tbk. 14.28 0.99 0.13 0.27 0.52 1.09
5. NICL PAM Mineral Tbk. 13.71 4.39 8.41 69.50 0.88 7.27


Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 ANTM*
1.53%
IHSG
-0.28%
LQ45
-1.33%
Sector**
Aug 22 Sep 22 Oct 22 Nov 22 Dec 22 Jan 23 Feb 23 Mar 23 Apr 23 May 23 Jun 23 Jul 23 -14.76%
*Adjusted Close Price; **Basic Materials
Highest 2,240 2,120 1,940 2,160 2,060 2,320 2,370 2,090 2,130 2,130 2,060 2,020
Lowest 1,900 1,900 1,770 1,810 1,920 1,965 1,990 1,795 2,020 1,895 1,950 1,960
Close 1,990 1,940 1,845 1,985 1,985 2,290 1,990 2,090 2,100 1,895 1,950 1,985
Adj. Close* 1,990 1,940 1,845 1,985 1,985 2,290 1,990 2,090 2,100 1,895 1,950 1,985
Growth (%) -2.51% -4.90% 7.59% 0.00% 15.37% -13.10% 5.03% 0.48% -9.76% 2.90% 1.79%
Volume (mill.) 3,121.30 2,262.29 1,125.88 2,209.71 1,209.56 2,011.59 1,537.91 1,734.15 844.89 968.14 577.10 601.49
Value (bill.) 6,464.12 4,547.88 2,088.60 4,439.10 2,412.26 4,373.49 3,330.73 3,357.00 1,774.58 1,943.54 1,156.28 1,197.64
Frequency (th.) 501.56 389.99 243.14 327.24 196.77 272.21 274.69 330.38 138.34 203.95 125.35 132.03
Days 22 22 21 22 22 21 20 21 14 21 17 20
Price (IDR) 2018 2019 2020 2021 2022 Industry: Diversified Metals & Minerals
Highest 995 1,170 2,000 3,190 2,900 No. Code 6M YTD 1Y 3Y 5Y
Lowest 595 670 348 2,170 1,540
Close 765 840 1,935 2,250 1,985 1. ANTM -14.1% 0.0% 1.5% 171.9% 116.9%
Adj. Close* 765 840 1,935 2,250 1,985 2. INCO -7.4% -3.2% 12.7% 101.0% 57.3%
Growth (%) 9.80% 130.36% 16.28% -11.78% 3. BRMS -7.1% 7.5% -26.9% 292.1% 201.6%
4. TINS -24.8% -19.7% -35.6% 23.7% 11.2%
Shares Traded 2018 2019 2020 2021 2022 5. NICL 12.4% 52.3% 153.8% n.a. n.a.
Volume 21,038 25,382 46,447 63,677 32,389
Value 17,479 23,928 49,809 164,446 71,609 Note:
Index Membership

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


Date: 31 Jul 2023 v2.0.0

40
Current Assets 7,665,239 9,150,514 11,728,143 11,694,779 14,311,751
- - - - - - 35
Fixed Asset 18,865,691 18,248,068 16,863,748 16,471,563 16,257,643 30

- - - - - -
25
Total Assets 30,194,908 31,729,513 32,916,154 33,637,271 36,368,666
Trade Payable 739,744 672,748 1,399,446 1,301,565 1,018,408 20
Curr. Maturities - Bank Loans 1,585,286 1,033,259 1,079,630 737,837 643,977 15

- - - - - -
10
- - - - - -
Long-term Bonds Payable 2,098,516 - - - - 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 2,403,076 2,403,076 2,403,076 2,403,076 2,403,076 23,712 23,676
20,837
Par Value 100 100 100 100 100 19,039
18,133
Total Equity 18,133,419 19,039,449 20,837,098 23,712,060 23,676,086
Revenues 32,718,543 27,372,461 38,445,595 45,930,356 21,661,112
Gross Profit 4,447,156 4,475,777 6,359,061 8,210,519 4,240,811
Operating Profit/Loss 955,615 2,032,303 2,738,144 3,941,871 2,326,255
EBT 687,034 1,641,178 3,043,509 5,214,771 2,462,363
Tax -493,182 -491,824 -1,181,769 -1,393,807 -572,606
2019 2020 2021 2022 2023
Profit/Loss for the period 193,852 1,149,354 1,861,740 3,820,964 1,889,757
Profit/Loss Period Attributable 193,851 1,149,353 1,861,743 3,820,965 1,889,756
Comprehensive Income -8,898 973,878 2,199,922 3,805,833 1,874,508 Total Revenue (Bill. Rp)
Comprehensive Attributable -8,899 973,877 2,199,925 3,805,834 1,874,507
45,930
38,446
Net Cash - Investing -885,313 -567,382 -1,729,827 -783,125 536,331 32,719
Net Cash - Financing -1,363,160 -1,218,456 -2,221,595 -4,077,783 -76,771 27,372
Net Increase/Decrease in C&CE -614,636 432,837 1,091,243 -752,871 2,151,515 21,661

C&CE, end of period 3,636,243 3,984,388 5,089,160 4,476,491 6,581,605
Current Ratio (%) 1.45 1.21 1.79 1.96 1.54
DAR (x) 0.40 0.40 0.37 0.30 0.35
DER (x) 0.67 0.67 0.58 0.42 0.54
EPS (IDR) 33.48 19.49 84.23 115.61 167.23 2019 2020 2021 2022 2023
PER (x) 25.09 99.26 26.71 17.17 11.66
PBV (x) 1.01 1.06 2.23 2.28 2.01
ROA (%) 0.64 3.62 5.66 11.36 5.20
ROE (%) 1.07 6.04 8.93 16.11 7.98 3,821
GPM (%) 13.59 16.35 16.54 17.88 19.58

OPM (%) 2.92 7.42 7.12 8.58 10.74
NPM (%) 0.59 4.20 4.84 8.32 8.72
DPS (IDR) 12.74 2.82 16.74 38.74 79.50 1,862 1,890
DPR (%) 38.06 14.47 19.87 33.51 47.54
Dividend Yield (%) 1.67 0.34 0.87 1.72 4.01 1,149
194
2019 2020 2021 2022 2023

ARTO
Bank Jago Tbk.
ARTO Bank Jago Tbk.

Date: 31 Jul 2023 v2.0.0

PT Bank Jago Tbk. has a main business field of Banking. The company's Established Listing Date IPO Price (IDR) IPO Lead Underwriter
President Director and President Commisioner are Arief Harris Tandjung and PT Binaartha
Jerry Ng. The largest shareholder of the company is PT Metamorfosis Ekosistem
01 May 1992 12 Jan 2016 132
Parama
Indonesia (29.81%). The percentage of public shareholding (<5%) is 27.89%.
Stock Overview
For more information click here: Development 39,918,470,625,000 21,117,460,194,143
https://www.idx.co.id/en/listed-companies/company-profiles/ARTO

Domestic 91,630.9 15,635.1
64%
71%
Foreign 50,706.6 6,505.7 G Financials G11 Banks
36% 29%
Others 13.68% 13.53% G1 Banks G111 Banks
Year 2022 YTD 2023
Total 142,337.6 22,140.8
Fundamental & ESG
YTD 2023
2784.26x 4.87x 32.13 High
D 5,753.7 2,513.3 8,267.0
1,968.5 -898.9
Buy

ARTO Sector PER Market PER
F 12,075.8 14,261.8 26,337.6 Domestic Buy". 15.98x 13.54x

- - - - - - - 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. 39,918.47 06/30/23 18,865,190 8,310,099 10,217,891 984,340 40,516
2. MEGA Bank Mega Tbk. 62,185.80 06/30/23 129,242,101 20,572,149 108,669,952 6,042,902 1,971,823
3. BNGA Bank CIMB Niaga Tbk. 42,047.69 06/30/23 329,683,122 46,145,239 283,537,883 12,796,378 3,269,932
4. BBHI Allo Bank Indonesia Tbk. 38,938.45 06/30/23 12,867,237 6,769,688 6,097,549 643,179 216,257
5. BNLI Bank Permata Tbk 34,744.96 06/30/23 251,411,304 38,616,999 212,794,305 8,588,205 1,406,612
1. ARTO Bank Jago Tbk. 2784.26 4.87 0.21 0.40 0.44 0.81
2. MEGA Bank Mega Tbk. 14.49 3.28 1.53 1.81 0.16 0.19
3. BNGA Bank CIMB Niaga Tbk. 7.82 0.90 0.99 1.15 0.14 0.16
4. BBHI Allo Bank Indonesia Tbk. 117.18 5.81 1.68 3.55 0.53 1.11
5. BNLI Bank Permata Tbk 17.38 0.91 0.56 0.66 0.15 0.18

ARTO Bank Jago Tbk.

Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 ARTO*
-72.48%
IHSG
-0.28%
LQ45
-1.33%
Sector**
*Adjusted Close Price; **Financials
Highest 11,000 8,300 6,950 6,250 4,510 3,630 3,640 2,850 2,490 2,620 3,230 3,460
Lowest 8,175 6,600 4,680 4,550 3,300 2,780 2,470 2,140 1,995 2,130 2,500 2,910
Close 8,425 6,600 5,100 4,590 3,720 3,220 2,510 2,420 2,070 2,380 3,180 2,910
Adj. Close* 8,425 6,600 5,100 4,590 3,720 3,220 2,510 2,420 2,070 2,380 3,180 2,910
Growth (%) -21.66% -22.73% -10.00% -18.95% -13.44% -22.05% -3.59% -14.46% 14.98% 33.61% -8.49%
Volume (mill.) 283.55 234.61 413.42 343.54 376.09 408.53 991.91 941.96 282.33 483.78 564.56 366.10
Value (bill.) 2,771.78 1,767.15 2,224.46 1,826.44 1,457.25 1,310.63 2,783.85 2,367.43 617.51 1,144.01 1,693.25 1,153.71
Frequency (th.) 176.20 155.45 188.45 176.14 182.42 157.55 205.22 170.18 64.08 107.92 154.50 130.78
Days 22 22 21 22 22 21 20 21 14 21 17 20
Price (IDR) 2018 2019 2020 2021 2022 Industry: Banks

Highest 234 4,100 4,310 18,375 19,000 No. Code 6M YTD 1Y 3Y 5Y
Lowest 137 145 590 4,210 3,300
Close 184 3,100 4,300 16,000 3,720 1. ARTO -9.3% -21.8% -72.5% 25.3% 14849.3%
Adj. Close* 23 387 537 13,269 3,720 2. MEGA -6.1% 1.4% -0.5% 34.6% 100.4%
Growth (%) 1584.78% 38.71% 2373.04% -71.97% 3. BNGA 43.2% 42.6% 61.7% 119.5% 69.8%
4. BBHI 2.0% 2.5% -48.7% 6592.2% 4928.8%
Shares Traded 2018 2019 2020 2021 2022 5. BNLI -3.5% -4.4% -18.8% -23.6% 79.6%
Volume 180 1,310 4,265 5,402 6,076
Value 36 528 5,640 74,941 71,169 Note:
Frequency 4 11 55 2,789 2,772 Base date: 6M = Jan 31, 2023; YTD = Dec 30, 2022; 1Y = Jul 29, 2022; 3Y = Jul 30, 2020; 5Y = Jul 31, 2018;
Index Membership
No. Index Code

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

ARTO Bank Jago Tbk.

Date: 31 Jul 2023 v2.0.0

Cash & Cash Equivalents 63,522 447,506 1,418,471 1,460,371 2,115,780
Current accounts (BI & Banks) 38,036 135,277 239,676 825,182 1,309,521 Total Asset & Liabilities (Bill. Rp)
Placements (BI & Banks) 896,676 300,946 1,168,780 624,927 797,850 Asset Liabilities
20
- - - - - -
18
Loans 251,671 826,203 5,241,783 9,157,817 10,855,725
16
Marketable Securities - 137,601 1,898,629 2,861,655 2,008,825
Fixed Asset 69,359 137,634 143,877 143,604 132,089 14
Total Assets 1,321,057 2,179,873 12,312,422 16,965,295 18,865,190 12
Deposits 627,010 805,757 3,567,261 7,748,465 9,756,192 10
- - - - - - 8
- - - - - - 6
- - - - - - 4
- - - - - - 2
- - - - - - -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Total Liabilities 639,878 947,540 3,952,606 8,175,479 10,217,891
Common Stocks 120,625 1,085,625 1,385,625 1,385,625 1,385,625
8,249 8,264 8,310
Par Value 100 100 100 100 100
Retained earnings -168,224 -331,618 -245,545 -229,575 -189,059
Total equity 681,179 1,232,333 8,249,455 8,263,757 8,310,099
Interest Income 52,609 90,071 652,419 1,500,465 984,340
Interest Expenses -41,109 -25,427 -62,681 -147,469 -151,879
Profit from Operation -91,723 -185,731 10,503 12,719 44,720
1,232
EBT -118,795 -189,567 9,134 20,428 52,013 681
Tax -3,171 - 76,890 -4,515 -11,497
- - - - - -
2019 2020 2021 2022 2023
Profit for the period -121,966 -189,567 86,024 15,913 40,516
Profit/Loss Period Attributable -121,966 -189,567 86,024 15,913 40,516
Comprehensive Income -117,238 -189,671 83,761 14,302 40,884 Total Revenue (Bill. Rp)
Comprehensive Attributable -117,238 -189,671 83,761 14,302 40,884 1,500
Net Cash - Operating 134,314 -327,182 -3,786,538 1,504,729 141,441
Net Cash - Investing -814,353 -264,953 -2,165,388 -1,452,205 519,630 984
Net Cash - Financing 682,858 736,147 6,922,891 -10,624 -5,662
Net Increase/Decrease in C&CE 2,819 144,012 970,965 41,900 655,409
652
C&CE, end of period 63,522 447,506 1,418,471 1,460,371 2,115,780
Current Ratio (%) n.a. n.a. n.a. n.a. n.a.
90
DAR (x) 0.48 0.43 0.32 0.48 0.54 53
DER (x) 0.94 0.77 0.48 0.99 1.23

EPS (IDR) -26.69 -19.21 -8.40 11.49 1.05 2019 2020 2021 2022 2023
PER (x) -116.16 -223.79 -1,903.67 323.77 3,042.60
PBV (x) 0.32 27.04 7.15 26.56 6.14
86
ROA (%) -9.23 -8.70 0.70 0.09 0.21
ROE (%) -17.91 -15.38 1.04 0.19 0.49 41
GPM (%) -78.14 -28.23 -9.61 -9.83 -15.43 16
OPM (%) n.a. n.a. n.a. n.a. n.a.

NPM (%) -231.83 -210.46 13.19 1.06 4.12
DPS (IDR) 0.00 0.00 0.00 0.00 0.00
DPR (%) 0.00 0.00 0.00 0.00 0.00
Dividend Yield (%) 0.00 0.00 0.00 0.00 0.00 -122
No. of Listed Shares, million 1,194 10,748 13,718 13,718 13,718 -190

2019 2020 2021 2022 2023

ASII
Astra International Tbk.
ASII Astra International Tbk.

Date: 31 Jul 2023 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/listed-companies/company-profiles/ASII

Domestic 69,621.6 38,346.8
41% 47% Institution 50.20% 29.49%
Foreign 101,139.8 49,461.8 C Industrials C31 Multi-sector Holdings
59% 53% Individual 0.35% 0.16%
Others 32.53% 30.07% C3 Multi-sector Holdings C311 Multi-sector Holdings
Year 2022 YTD 2023
Total 170,761.4 87,808.6
Fundamental & ESG
YTD 2023
9.00x 1.10x 34.19 High
D 8,893.6 9,781.5 18,675.1
1,526.3 996.6
Buy

ASII Sector PER Market PER
F 20,504.4 30,828.7 51,333.1 Domestic Buy". 10.14x 13.54x

2023 F - Rp552.00 05-May-23 08-May-23 19-May-23 2012 SS 05-Jun-12 62,400 10:1 6,250 0.100
2022 I - Rp88.00 12-Oct-22 13-Oct-22 31-Oct-22 2003 RI 10-Jan-03 2,850 13:7 2,225 0.773
2022 F - Rp194.00 09-May-22 10-May-22 20-May-22 1997 SS 01-Sep-97 5,400 2:1 2,700 0.500
2021 I - Rp45.00 08-Oct-21 11-Oct-21 29-Oct-21 1994 BS 29-Jul-94 13,400 1:3 no data 0.250
2021 F - Rp87.00 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. 277,312.34 06/30/23 419,690,000 233,310,000 186,380,000 162,393,000 23,431,000
2. UNTR United Tractors Tbk. 102,671.97 06/30/23 134,463,146 75,821,227 58,641,919 68,676,905 12,343,407
3. IMPC Impack Pratama Industri Tbk. 18,234.22 06/30/23 3,396,322 2,266,389 1,129,933 1,389,968 220,588
4. ARNA Arwana Citramulia Tbk. 6,203.51 06/30/23 2,484,076 1,678,802 805,274 1,225,476 245,937
5. HEXA Hexindo Adiperkasa Tbk. 5,628.00 06/30/23 6,746,258 2,699,125 4,047,133 2,157,485 212,713
1. ASII Astra International Tbk. 9.00 1.10 5.58 12.57 0.56 1.25
2. UNTR United Tractors Tbk. 4.70 1.35 9.18 21.05 0.56 1.29
3. IMPC Impack Pratama Industri Tbk. 48.63 8.05 6.49 19.52 0.67 2.01
4. ARNA Arwana Citramulia Tbk. 12.07 3.70 9.90 30.54 0.68 2.08
5. HEXA Hexindo Adiperkasa Tbk. 6.99 2.09 3.15 5.26 0.40 0.67


Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 ASII*
8.30%
IHSG
-0.28%
LQ45
-1.33%
Sector**
*Adjusted Close Price; **Industrials
Highest 7,050 7,200 6,725 6,575 6,175 5,950 6,100 6,150 6,750 6,675 6,925 6,850
Lowest 6,475 6,625 6,350 6,050 5,625 5,225 5,575 5,775 5,925 6,125 6,750 6,450
Close 6,975 6,625 6,650 6,050 5,700 5,875 6,100 6,000 6,750 6,450 6,775 6,850
Adj. Close* 6,975 6,625 6,650 6,050 5,700 5,875 6,100 6,000 6,750 6,450 6,775 6,850
Growth (%) -5.02% 0.38% -9.02% -5.79% 3.07% 3.83% -1.64% 12.50% -4.44% 5.04% 1.11%
Volume (mill.) 1,005.00 1,089.36 896.70 1,165.02 1,480.69 1,165.69 888.98 862.86 946.21 1,272.31 936.80 977.62
Value (bill.) 6,823.26 7,565.62 5,853.86 7,325.44 8,603.63 6,526.96 5,164.35 5,127.85 5,993.61 8,182.17 6,376.81 6,532.55
Frequency (th.) 156.56 170.49 154.72 191.55 191.45 180.27 158.16 150.68 133.80 200.47 128.39 159.10
Days 22 22 21 22 22 21 20 21 14 21 17 20
Price (IDR) 2018 2019 2020 2021 2022 Industry: Multi-sector Holdings
Lowest 6,100 6,275 3,280 4,650 5,300
Close 8,225 6,925 6,025 5,700 5,700 1. ASII 14.2% 20.2% 8.3% 33.0% -4.2%
Adj. Close* 8,225 6,925 6,025 5,700 5,700 2. UNTR 12.1% 5.6% -14.8% 28.9% -21.9%
Growth (%) -15.81% -13.00% -5.39% 0.00% 3. IMPC 2.7% 5.0% -7.1% 192.2% 277.1%
4. ARNA -15.9% -15.1% -15.9% 100.2% 129.6%
Shares Traded 2018 2019 2020 2021 2022 5. HEXA 25.8% 27.0% 8.9% 98.8% 106.2%
Volume 9,744 10,206 14,859 14,012 13,358
Value 73,430 73,657 74,691 78,633 85,381 Note:
Index Membership

1. BISNIS-27 11. IDXV30 21. 31.
2. COMPOSITE 12. Investor33 22. 32.
3. ESGQKEHATI 13. ISSI 23. 33.
4. ESGSKEHATI 14. JII 24. 34.
5. IDX30 15. JII70 25. 35.
6. IDX80 16. KOMPAS100 26. 36.
7. IDXHIDIV20 17. LQ45 27. 37.
8. IDXINDUST 18. MBX 28. 38.
9. IDXLQ45LCL 19. MNC36 29. 39.
10. IDXQ30 20. SRI-KEHATI 30. 40.


Date: 31 Jul 2023 v2.0.0

450
Current Assets 129,058,000 132,308,000 160,262,000 179,818,000 172,469,000
Investment Properties 7,552,000 7,507,000 7,550,000 7,172,000 7,174,000 400
Fixed Asset 62,337,000 59,230,000 55,349,000 760,424,000 65,537,000 350

- - - - - - 300
Total Assets 351,958,000 338,203,000 367,311,000 413,297,000 419,690,000 250
Trade Payable 29,762,000 16,262,000 24,794,000 37,644,000 43,505,000
200
150
- - - - - -
- - - - - - 100

- - - - - -
Common Stocks 2,024,000 2,024,000 2,024,000 2,024,000 2,024,000
243,720
Par Value 50 50 50 50 50 233,310
215,615
195,454
186,763
Total Equity 186,763,000 195,454,000 215,615,000 243,720,000 233,310,000
Revenues 237,166,000 175,046,000 233,485,000 301,379,000 162,393,000
Gross Profit 50,239,000 38,558,000 51,033,000 70,088,000 36,633,000
Interest & Finance Costs -4,382,000 -3,408,000 -2,288,000 2,107,000 1,178,000
EBT 34,054,000 21,741,000 32,350,000 50,390,000 28,748,000
Tax -7,433,000 -3,170,000 -6,764,000 -9,970,000 -5,317,000
2019 2020 2021 2022 2023
301,379
237,166 233,485
Net Cash - Investing -14,186,000 13,133,000 -3,905,000 -15,967,000 -8,252,000
Net Cash - Financing -5,414,000 -27,955,000 -18,200,000 -25,528,000 -24,442,000
175,046
Net Increase/Decrease in C&CE -425,000 22,861,000 16,147,000 -4,153,000 -8,586,000 162,393
C&CE, end of period 24,330,000 47,553,000 63,947,000 61,295,000 51,876,000
Current Ratio (%) 1.29 1.54 1.54 1.51 1.31
DAR (x) 0.47 0.42 0.41 0.41 0.44
DER (x) 0.88 0.73 0.70 0.70 0.80
EPS (IDR) 505.59 491.01 422.44 705.20 760.90 2019 2020 2021 2022 2023
PER (x) 13.70 12.27 13.49 8.08 8.90
PBV (x) 1.78 1.43 1.13 0.95 0.99
ROA (%) 7.56 5.49 6.97 9.78 5.58 40,420
ROE (%) 14.25 9.50 11.87 16.58 10.04
GPM (%) 21.18 22.03 21.86 23.26 22.56
OPM (%) 11.04 7.35 10.94 14.00 13.99
26,621 25,586
NPM (%) 11.22 10.61 10.96 13.41 14.43 23,431
DPS (IDR) 211.13 184.00 246.00 282.00 552.00 18,571
DPR (%) 41.76 37.47 58.23 39.99 72.55
Dividend Yield (%) 2.57 2.66 4.08 4.95 9.68
2019 2020 2021 2022 2023

BBCA
Bank Central Asia Tbk.
BBCA Bank Central Asia Tbk.

Date: 31 Jul 2023 v2.0.0

PT Bank Central Asia Tbk. has a main business field of Banking services. The Established Listing Date IPO Price (IDR) IPO Lead Underwriter
company's President Director and President Commisioner are Jahja Danareksa Sekuritas
Setiaatmadja and Djohan Emir Setijoso. The largest shareholder of the company
10 Aug 1955 31 May 2000 1,400
is PT Dwimuria Investama Andalan (54.94%). The percentage of public
biggest subsidiaries is PT Bank BCA Syariah.
For more information click here: Main 1,113,635,982,937,500 207,280,802,509,712
https://www.idx.co.id/en/listed-companies/company-profiles/BBCA

Domestic 134,216.2 58,880.0
33% 35%
67% 65%
Year 2022 YTD 2023
Total 435,861.2 208,564.3
Fundamental & ESG
YTD 2023
24.00x 5.00x 25.79 Medium
D 8,683.2 19,105.5 27,788.7
4,498.6 3,302.6
Buy

BBCA Sector PER Market PER
F 46,895.5 106,176.2 153,071.8 Domestic Buy". 15.98x 13.54x

2023 F - Rp170.00 29-Mar-23 30-Mar-23 14-Apr-23 2021 SS 13-Oct-21 36,600 5:1 7,325 0.200
2022 I - Rp35.00 02-Dec-22 05-Dec-22 20-Dec-22 2008 SS 28-Jan-08 3,600 125:62.5 1,800 0.500
2022 F - Rp120.00 28-Mar-22 29-Mar-22 19-Apr-22 2004 SS 08-Jun-04 1,750 2:1 880 0.500
2021 I - Rp25.00 17-Nov-21 18-Nov-21 07-Dec-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. 1,113,635.98 06/30/23 1,356,757,402 224,771,257 1,125,020,017 43,519,543 24,200,023
2. BBRI Bank Rakyat Indonesia 847,745.28 06/30/23 1,805,146,314 298,491,686 1,506,654,628 100,474,512 29,561,361
3. BMRI Bank Mandiri (Persero) Tbk. 528,990.00 06/30/23 1,963,987,471 255,246,569 1,516,625,484 81,905,903 27,703,601
4. BBNI Bank Negara Indonesia 163,851.76 06/30/23 1,025,091,056 143,473,635 881,617,421 38,797,842 10,399,343
5. BRIS Bank Syariah Indonesia Tbk. 75,580.34 03/31/23 313,252,694 34,992,047 71,603,166 4,131,265 1,458,282
1. BBCA Bank Central Asia Tbk. 24.00 5.00 1.78 2.15 0.17 0.20
2. BBRI Bank Rakyat Indonesia (Persero) 15.71 3.01 1.64 1.96 0.17 0.20
3. BMRI Bank Mandiri (Persero) Tbk. 11.57 2.09 1.41 1.83 0.13 0.17
4. BBNI Bank Negara Indonesia (Persero) 8.35 1.15 1.01 1.18 0.14 0.16
5. BRIS Bank Syariah Indonesia Tbk. 16.14 2.18 0.47 2.04 0.11 0.49


Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 BBCA*
24.15%
IHSG
-0.28%
LQ45
-1.33%
Sector**
Highest 8,200 8,750 8,900 9,300 9,000 8,700 8,950 8,825 9,200 9,250 9,200 9,350
Lowest 7,500 8,150 8,200 8,600 8,450 8,050 8,450 8,300 8,725 8,700 9,000 9,025
Close 8,200 8,550 8,800 9,300 8,550 8,700 8,750 8,750 9,050 9,050 9,150 9,125
Adj. Close* 8,200 8,550 8,800 9,300 8,550 8,700 8,750 8,750 9,050 9,050 9,150 9,125
Growth (%) 4.27% 2.92% 5.68% -8.06% 1.75% 0.57% 0.00% 3.43% 0.00% 1.10% -0.27%
Volume (mill.) 2,265.97 3,216.92 2,282.59 2,111.63 2,289.54 2,213.96 1,471.34 2,168.84 1,145.64 2,161.30 1,242.43 1,458.12
Value (bill.) 17,888.99 27,113.97 19,367.53 18,801.32 19,826.86 18,436.63 12,844.65 18,575.82 10,279.79 19,481.46 11,320.20 13,343.59
Frequency (th.) 315.95 338.88 313.34 300.42 416.71 398.80 276.15 357.27 193.14 333.18 194.29 270.27
Days 22 22 21 22 22 21 20 21 14 21 17 20

Lowest 20,600 25,900 22,150 7,275 7,000
Close 26,000 33,425 33,850 7,300 8,550 1. BBCA 7.7% 6.7% 24.1% 46.2% 96.0%
Adj. Close* 5,200 6,685 6,770 1,460 8,550 2. BBRI 23.4% 14.4% 29.6% 83.3% 88.6%
Growth (%) 28.56% 1.27% -78.43% 485.62% 3. BMRI 15.1% 15.4% 38.4% 97.4% 72.2%
4. BBNI -3.0% -3.8% 13.1% 92.9% 19.9%
Shares Traded 2018 2019 2020 2021 2022 5. BRIS 24.0% 28.3% 3.8% 214.2% 205.7%
Volume 4,806 3,951 6,335 8,761 27,170
Value 112,750 115,610 185,917 159,599 217,931 Note:
Index Membership

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


Date: 31 Jul 2023 v2.0.0

Current accounts (BI & Banks) 58,426,361 39,450,814 77,386,400 108,857,491 113,871,298 Total Asset & Liabilities (Bill. Rp)
Placements (BI & Banks) 30,948,274 47,455,590 87,153,137 31,382,615 25,244,229 Asset Liabilities
1,600
Consumer Fin. Receivables 10,532,424 7,605,934 7,855,976 8,215,427 8,570,334
Loans 572,033,999 547,643,666 589,813,578 627,041,486 684,278,677 1,400
Marketable Securities 3,974,550 1,856,202 1,117,078 2,132,811 11,412,951 1,200

Fixed Asset 20,852,301 21,915,054 22,169,299 159,264,454 25,340,139
1,000
Total Assets 918,989,312 1,075,570,256 1,228,344,680 1,314,731,674 1,356,757,402
Deposits 705,697,542 844,447,006 978,623,938 1,030,451,783 1,071,956,841 800
Fund Borrowings 2,332,870 1,307,298 976,225 1,316,951 1,773,549 600

Bonds 1,347,523 590,821 482,149 - -
400
- - - - - -
- - - - - - 200
- - - - - - -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Total Liabilities 740,067,127 885,537,919 1,019,773,758 1,087,109,644 1,125,020,017
Common Stocks 1,540,938 1,540,938 1,540,938 1,540,938 1,540,938
221,182 224,771
202,849
Par Value 63 63 13 13 13
184,715
Total equity 174,143,156 184,714,709 202,848,934 221,181,655 224,771,257
Interest Income 63,837,795 65,403,161 65,626,976 72,241,191 42,585,308
Interest Expenses -13,360,347 -11,241,891 -9,491,401 -8,251,682 -5,602,538
Profit from Operation 36,288,998 33,568,507 38,841,174 50,467,033 29,882,839
EBT 36,288,998 33,568,507 38,841,174 50,467,033 29,882,839
Tax -7,719,024 -6,421,398 -7,401,015 -9,711,461 -5,682,816
- - - - - -
2019 2020 2021 2022 2023
Profit for the period 28,569,974 27,147,109 31,440,159 40,755,572 24,200,023
72,241
Cash Flow Statements Dec 2019 Dec 2020 Dec 2021 Dec 2022 Jun 2023 63,838 65,403 65,627
Net Cash - Financing -7,334,896 -15,553,268 -14,098,229 -19,116,216 -20,507,148 42,585
Net Increase/Decrease in C&CE 9,874,730 -8,692,237 70,840,231 -17,719,939 -4,055,706
C&CE, end of period 113,067,545 106,271,237 177,268,685 160,422,371 156,986,231
DAR (x) 0.81 0.82 0.83 0.83 0.83
DER (x) 4.25 4.79 5.03 4.92 5.01
EPS (IDR) 1,146.53 1,122.68 238.06 301.59 358.56 2019 2020 2021 2022 2023
PER (x) 29.15 30.15 30.66 28.35 25.52
PBV (x) 3.64 4.42 20.37 4.03 4.64
ROA (%) 3.11 2.52 2.56 3.10 1.78 40,756
ROE (%) 16.41 14.70 15.50 18.43 10.77
GPM (%) -20.93 -17.19 -14.46 -11.42 -13.16
31,440
OPM (%) n.a. n.a. n.a. n.a. n.a. 28,570
27,147
NPM (%) 44.75 41.51 47.91 56.42 56.83 24,200
DPS (IDR) 355.00 553.00 457.00 155.00 170.00
DPR (%) 30.96 49.26 191.97 51.39 47.41
Dividend Yield (%) 1.37 1.65 1.35 2.12 1.99
Market Capitalization, billion IDR 815,853 826,226 890,909 1,043,462 1,116,687
2019 2020 2021 2022 2023

BBNI
Bank Negara Indonesia (Persero) Tbk.
BBNI Bank Negara Indonesia (Persero) Tbk.

Date: 31 Jul 2023 v2.0.0

PT Bank Negara Indonesia (Persero) Tbk. has a main business field of Banking Established Listing Date IPO Price (IDR) IPO Lead Underwriter
and other supporting business activities. The company's President Director and 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 percentage of public shareholding (<5%) is 40.00%. The company Stock Overview
has 6 subsidiaries. One of the biggest subsidiaries is PT. BNI Life Insurance.
https://www.idx.co.id/en/listed-companies/company-profiles/BBNI

Domestic 73,358.0 34,437.5
51% 51% Institution 51.63% 33.06%
49% 49% Individual 0.50% 0.12%
Year 2022 YTD 2023
Total 144,870.9 74,566.8
Fundamental & ESG
YTD 2023
8.35x 1.15x 25.70 Medium
D 8,046.9 8,445.4 16,492.4
7,571.3 1,452.8
Buy

BBNI Sector PER Market PER
F 21,719.4 17,822.7 39,542.1 Domestic Buy". 15.98x 13.54x

2023 F - Rp392.78 28-Mar-23 29-Mar-23 14-Apr-23 2010 RI 03-Dec-10 4,125 500000:110473 3,950 0.955
2022 F - Rp146.30 24-Mar-22 25-Mar-22 14-Apr-22 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


Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 BBNI*
13.06%
IHSG
-0.28%
LQ45
-1.33%
Sector**
Highest 8,650 9,175 9,425 9,900 9,800 9,550 9,550 9,625 9,575 9,550 9,300 9,225
Lowest 7,950 8,525 8,425 9,100 9,225 8,500 8,775 8,750 9,325 8,750 8,975 8,875
Close 8,525 8,975 9,400 9,900 9,225 9,300 8,775 9,350 9,425 9,050 9,150 8,875
Adj. Close* 8,525 8,975 9,400 9,900 9,225 9,300 8,775 9,350 9,425 9,050 9,150 8,875
Growth (%) 5.28% 4.74% 5.32% -6.82% 0.81% -5.65% 6.55% 0.80% -3.98% 1.10% -3.01%
Volume (mill.) 630.24 627.34 628.22 547.25 542.53 623.90 539.24 848.39 347.85 739.82 401.45 604.53
Value (bill.) 5,227.84 5,589.98 5,668.53 5,106.63 5,169.68 5,617.97 4,936.05 7,727.32 3,273.06 6,647.92 3,648.90 5,432.17
Frequency (th.) 125.78 133.51 135.15 124.95 131.06 128.08 125.01 161.62 76.03 186.38 120.16 150.27
Days 22 22 21 22 22 21 20 21 14 21 17 20

Lowest 6,725 6,675 3,160 4,580 6,725
Close 8,800 7,850 6,175 6,750 9,225 1. BBNI -3.0% -3.8% 13.1% 92.9% 19.9%
Adj. Close* 8,800 7,850 6,175 6,750 9,225 2. BBRI 23.4% 14.4% 29.6% 83.3% 88.6%
Growth (%) -10.80% -21.34% 9.31% 36.67% 3. BMRI 15.1% 15.4% 38.4% 97.4% 72.2%
4. BRIS 24.0% 28.3% 3.8% 214.2% 205.7%
Shares Traded 2018 2019 2020 2021 2022 5. MEGA -6.1% 1.4% -0.5% 34.6% 100.4%
Volume 6,323 6,052 14,289 8,208 8,621
Value 51,701 50,586 70,907 49,093 72,435 Note:
Index Membership

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


Date: 31 Jul 2023 v2.0.0

1,200
- - - - - -
Loans 539,862,076 541,978,801 532,141,344 595,854,325 601,746,554
1,000
Marketable Securities 27,161,751 29,686,597 25,802,962 28,556,083 32,078,603
Fixed Asset 26,524,759 27,362,400 26,882,982 197,434,962 26,491,316 800
Total Assets 845,605,208 891,337,425 964,837,692 1,029,836,868 1,025,091,056
Deposits 594,124,901 656,594,775 743,545,620 769,268,991 780,235,159 600
Fund Borrowings 57,235,500 44,114,314 32,457,936 35,654,206 26,080,861

400
Bonds 2,985,052 2,985,011 2,986,530 - 16,582,542
- - - - - -
200
- - - - - -
- - - - - - -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 9,054,807 9,054,807 9,054,807 9,054,807 9,054,807
143,474
Par Value A 7,500; B 7,500;A C7,500;

360 B 7,500;A C7,500;
359 B 7,500;A C7,500;
358 B 7,500;A C7,500; 357 B 7,500; C 357 125,004 126,520
Total equity 125,003,948 112,872,199 126,519,977 140,197,662 143,473,635
Interest Income 54,495,996 56,172,871 50,025,887 54,658,681 30,294,540
EBT 19,369,106 5,112,153 12,550,987 22,686,708 12,704,256
Tax -3,860,523 -1,790,711 -1,573,936 -4,204,928 -2,304,913
- - - - - -
2019 2020 2021 2022 2023
Comprehensive Attributable 18,192,475 4,001,412 11,620,510 14,594,497 10,330,196 56,173
54,496 54,659
Net Cash - Operating -12,611,042 74,253,924 97,479,025 19,952,835 -182,758

Net Cash - Investing 13,483,654 -11,992,116 -15,656,307 -32,233,154 -2,754,355
Net Cash - Financing -18,491,108 -17,139,169 1,718,701 2,725,242 -10,334,547 30,295
Net Increase/Decrease in C&CE -17,618,496 45,122,639 83,541,419 -9,555,077 -13,271,660
C&CE, end of period 81,184,598 126,907,599 173,340,293 163,900,321 150,513,411
DAR (x) 0.81 0.84 0.87 0.86 0.86
DER (x) 5.51 6.61 6.63 6.35 6.14
EPS (IDR) 833.84 414.56 206.49 903.25 1,049.42 2019 2020 2021 2022 2023
PER (x) 9.41 14.90 32.69 10.21 8.72
PBV (x) 1.30 1.28 0.90 0.89 1.19
ROA (%) 1.83 0.37 1.14 1.79 1.01 18,482
ROE (%) 12.41 2.94 8.68 13.18 7.25
15,509
GPM (%) -38.42 -33.86 -23.55 -24.40 -32.00
NPM (%) 28.46 5.91 21.94 33.81 34.33 10,977
10,399
DPS (IDR) 201.29 206.24 44.02 146.30 392.78
DPR (%) 24.14 49.75 21.32 16.20 37.43
Dividend Yield (%) 2.29 2.63 0.71 2.17 4.26
3,321
2019 2020 2021 2022 2023

BBRI
Bank Rakyat Indonesia (Persero) Tbk.
BBRI Bank Rakyat Indonesia (Persero) Tbk.

Date: 31 Jul 2023 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 percentage of public shareholding (<5%) is
46.81%. The company has 10 subsidiaries. One of the biggest subsidiaries is PT Stock Overview
Pegadaian.
https://www.idx.co.id/en/listed-companies/company-profiles/BBRI

Domestic 174,057.2 70,805.6
44% 39%
56% 61%
Year 2022 YTD 2023
Total 403,691.8 208,410.9
Fundamental & ESG
YTD 2023
15.71x 3.01x 18.84 Low
D 13,332.0 17,186.0 30,518.0
6,232.5 9,769.6
Buy

BBRI Sector PER Market PER
F 49,904.3 68,029.3 117,933.6 Domestic Buy". 15.98x 13.54x

2023 F - Rp231.22 24-Mar-23 27-Mar-23 12-Apr-23 2021 RI 08-Sep-21 3,910 1000000000:230128553 3,810 0.976
2023 I - Rp57.00 10-Jan-23 11-Jan-23 27-Jan-23 2017 SS 10-Nov-17 16,450 5:1 3,290 0.200
2022 F - Rp174.23 11-Mar-22 14-Mar-22 01-Apr-22 2011 SS 11-Jan-11 9,300 2:1 4,650 0.500
2021 F - Rp98.91 06-Apr-21 07-Apr-21 28-Apr-21 - - - - - - -
2020 F - Rp168.20 27-Feb-20 28-Feb-20 18-Mar-20 - - - - - - -
Industry Peers


Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 BBRI*
29.59%
IHSG
-0.28%
LQ45
-1.33%
Sector**
Highest 4,410 4,610 4,650 4,980 4,980 4,870 4,880 4,900 5,150 5,600 5,575 5,700
Lowest 4,250 4,390 4,270 4,520 4,760 4,380 4,600 4,700 4,800 5,100 5,400 5,375
Close 4,340 4,490 4,650 4,980 4,940 4,610 4,670 4,730 5,100 5,575 5,425 5,650
Adj. Close* 4,340 4,490 4,650 4,980 4,940 4,610 4,670 4,730 5,100 5,575 5,425 5,650
Growth (%) 3.46% 3.56% 7.10% -0.80% -6.68% 1.30% 1.28% 7.82% 9.31% -2.69% 4.15%
Volume (mill.) 3,315.77 4,565.16 3,786.50 3,768.11 3,490.41 4,000.59 2,947.18 2,984.01 2,258.07 3,580.69 2,356.75 2,571.20
Value (bill.) 14,349.75 20,682.36 16,971.83 17,617.71 17,057.30 18,321.35 14,057.02 14,286.99 11,240.58 19,166.13 12,885.52 14,247.84
Frequency (th.) 324.00 434.66 425.12 371.12 319.33 462.28 312.72 323.49 239.96 328.57 245.47 280.85
Days 22 22 21 22 22 21 20 21 14 21 17 20

Lowest 2,720 3,610 2,170 3,570 4,040
Close 3,660 4,400 4,170 4,110 4,940 1. BBRI 23.4% 14.4% 29.6% 83.3% 88.6%
Adj. Close* 3,571 4,293 4,068 4,010 4,940 2. BBCA 7.7% 6.7% 24.1% 46.2% 96.0%
Growth (%) 20.22% -5.23% -1.44% 23.20% 3. BMRI 15.1% 15.4% 38.4% 97.4% 72.2%
4. BBNI -3.0% -3.8% 13.1% 92.9% 19.9%
Volume 35,723 31,731 54,731 43,188 44,845
Value 118,184 130,015 183,510 179,658 201,846 Note:
Index Membership

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


Date: 31 Jul 2023 v2.0.0

2,000
- - - - - -
1,800
Loans 852,661,815 857,280,074 909,582,789 990,950,989 1,054,041,720
1,600
Fixed Asset 31,432,629 32,185,160 47,970,187 333,275,112 56,627,721 1,400
Total Assets 1,416,758,840 1,511,804,628 1,678,097,734 1,865,639,010 1,805,146,314 1,200
Deposits 1,014,347,654 1,111,341,169 1,152,072,649 1,307,884,013 1,257,799,184 1,000
Fund Borrowings 30,921,771 35,968,985 68,458,547 79,371,200 82,086,691 800

Bonds 38,622,326 34,489,091 55,306,697 63,611,761 55,953,731 600
- - - - - - 400
- - - - - - 200
- - - - - - -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Total Liabilities 1,183,155,672 1,278,346,276 1,386,310,930 1,562,243,693 1,506,654,628
Common Stocks 6,167,291 6,167,291 7,577,950 7,577,950 7,577,950
Paid up Capital (Shares) 123,346 123,346 151,559 151,559 151,559 303,395 298,492
291,787
Par Value 50 50 50 50 50
Total equity 208,784,334 199,911,376 291,786,804 303,395,317 298,491,686 208,784
199,911
Interest Income 121,756,276 116,932,512 143,523,329 151,874,816 85,590,785
EBT 43,364,053 26,724,846 38,591,374 64,596,701 37,200,131
Tax -8,950,228 -8,064,453 -7,835,608 -13,188,494 -7,638,770
- - - - - -
2019 2020 2021 2022 2023
143,523
121,756
Net Cash - Operating 44,583,079 66,689,187 32,588,374 97,506,005 -55,728,351 116,933
Net Cash - Investing -5,188,442 -116,007,831 -73,095,605 27,227,960 20,119,881

Net Cash - Financing -18,085,105 -19,981,772 22,643,854 -10,436,111 -49,165,363 85,591
Net Increase/Decrease in C&CE 21,309,532 -69,300,416 -17,863,377 114,297,854 -84,773,833
C&CE, end of period 236,906,429 167,253,135 153,924,601 268,192,168 183,418,737
DAR (x) 0.84 0.85 0.83 0.84 0.83
DER (x) 5.67 6.39 4.75 5.15 5.05
EPS (IDR) 272.93 192.21 138.22 336.28 359.63 2019 2020 2021 2022 2023
PER (x) 16.12 21.70 29.73 14.69 15.09
PBV (x) 2.14 2.69 2.14 2.03 2.48
ROA (%) 2.43 1.23 1.83 2.76 1.64
ROE (%) 16.48 9.33 10.54 16.94 9.90 51,408
GPM (%) -32.89 -32.26 -20.50 -17.96 -23.43

34,414
NPM (%) 28.26 15.96 21.43 33.85 34.54 30,756 29,561
DPS (IDR) 132.17 168.20 98.91 174.23 288.22
DPR (%) 48.43 87.51 71.55 51.81 80.14 18,660
Dividend Yield (%) 3.61 3.82 2.37 4.24 5.83
2019 2020 2021 2022 2023

BBTN
Bank Tabungan Negara (Persero) Tbk.
BBTN Bank Tabungan Negara (Persero) Tbk.

Date: 31 Jul 2023 v2.0.0

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

Domestic 14,885.4 9,542.7
84% 84% Others 1.98% 10.40% Sector Industry
Year 2022 YTD 2023
Total 17,836.9 11,638.6
Fundamental & ESG
YTD 2023
6.05x 0.65x 28.44 Medium
D 3,933.0 919.5 4,852.6
74.2 -162.4
F 757.1 209.6 966.7 *Total trading value by Foreign is the sum of
Buy

BBTN Sector PER Market PER
F 1,265.9 247.0 1,512.8 Domestic Buy". 15.98x 13.54x

2023 F - Rp43.39 29-Mar-23 30-Mar-23 14-Apr-23 2022 RI 23-Dec-22 1,405 100000000:32525443 1,355 0.964
2022 F - Rp22.44 14-Mar-22 15-Mar-22 31-Mar-22 2012 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 - - - - - - -
Industry Peers
1. BBTN Bank Tabungan Negara 18,270.74 06/30/23 400,544,710 28,394,781 348,337,722 12,852,894 1,474,378
2. BBKP Bank KB Bukopin Tbk. 19,325.27 06/30/23 87,508,294 17,365,080 70,143,214 2,523,051 -2,883,619
3. BANK Bank Aladin Syariah Tbk. 18,426.52 06/30/23 5,161,941 3,046,293 707,880 109,939 -96,254
4. BSIM Bank Sinarmas Tbk. 17,078.18 06/30/23 47,945,857 7,657,020 34,356,289 1,801,645 140,316
5. BTPS Bank BTPN Syariah Tbk. 16,244.79 06/30/23 21,258,876 8,449,539 2,672,130 2,597,029 752,532
1. BBTN Bank Tabungan Negara (Persero) 6.05 0.65 0.37 0.42 0.07 0.08
2. BBKP Bank KB Bukopin Tbk. -3.88 1.74 -3.30 -4.11 0.20 0.25
3. BANK Bank Aladin Syariah Tbk. -66.38 6.05 -1.86 -13.60 0.59 4.30
4. BSIM Bank Sinarmas Tbk. 81.49 2.32 0.29 0.41 0.16 0.22
5. BTPS Bank BTPN Syariah Tbk. 9.79 1.94 3.54 28.16 0.40 3.16


Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 BBTN*
-7.22%
IHSG
-0.28%
LQ45
-1.33%
Sector**
Highest 1,625 1,605 1,550 1,545 1,540 1,400 1,385 1,325 1,270 1,335 1,340 1,370
Lowest 1,480 1,465 1,450 1,510 1,345 1,230 1,325 1,175 1,215 1,215 1,260 1,300
Close 1,505 1,485 1,545 1,535 1,350 1,380 1,325 1,225 1,245 1,280 1,320 1,315
Adj. Close* 1,505 1,485 1,545 1,535 1,400 1,431 1,374 1,270 1,291 1,328 1,369 1,364
Growth (%) -1.33% 4.04% -0.65% -8.79% 2.22% -3.99% -7.55% 1.63% 2.81% 3.13% -0.38%
Volume (mill.) 353.92 494.28 293.76 187.19 461.66 1,166.17 556.70 520.12 273.86 746.26 490.91 710.26
Value (bill.) 543.50 767.09 441.90 286.07 647.55 1,526.94 760.10 651.68 343.27 953.32 638.58 945.39
Frequency (th.) 71.62 72.89 49.61 44.03 70.05 108.58 73.70 99.34 38.59 88.92 60.52 88.66
Days 22 22 21 22 22 21 20 21 14 21 17 20

Lowest 2,050 1,795 745 1,230 1,345
Close 2,540 2,120 1,725 1,730 1,350 1. BBTN -3.3% -2.6% -7.2% 7.8% -42.2%
Adj. Close* 2,449 2,044 1,663 1,668 1,302 2. BBKP -12.2% 3.3% -45.1% -18.1% -65.6%
Growth (%) -16.54% -18.63% 0.29% -21.97% 3. BANK -4.2% -10.2% -35.2% n.a. n.a.
4. BSIM 2.9% 3.6% 49.6% 69.9% 42.3%
Shares Traded 2018 2019 2020 2021 2022 5. BTPS -16.8% -23.7% -24.2% -38.3% 31.9%
Volume 7,437 6,432 17,352 11,025 5,489
Value 20,436 15,047 22,078 18,585 8,918 Note:
Frequency 920 884 1,587 1,513 848 Base date: 6M = Jan 31, 2023; YTD = Dec 30, 2022; 1Y = Jul 29, 2022; 3Y = Jul 30, 2020; 5Y = Jul 31, 2018;
Index Membership

1. COMPOSITE 11. INFOBANK15 21. 31.
2. ESGQKEHATI 12. Investor33 22. 32.
3. ESGSKEHATI 13. KOMPAS100 23. 33.
4. IDX80 14. LQ45 24. 34.
5. IDXBUMN20 15. MBX 25. 35.
6. IDXFINANCE 16. SRI-KEHATI 26. 36.
7. IDXLQ45LCL 17. 27. 37.
8. IDXSMC-COM 18. 28. 38.
9. IDXSMC-LIQ 19. 29. 39.
10. IDXV30 20. 30. 40.


Date: 31 Jul 2023 v2.0.0

450
- - - - - -
Loans 246,202,402 242,744,721 256,405,288 278,848,094 288,481,521 400
Marketable Securities 8,084,671 3,203,966 2,230,905 1,720,769 3,742,944 350

Fixed Asset 5,400,658 5,818,445 5,736,791 50,891,482 6,365,301 300
Total Assets 311,776,828 361,208,406 371,868,311 402,148,312 400,544,710 250
Deposits 211,414,930 259,179,694 273,255,063 297,099,801 290,362,012
200
Fund Borrowings 22,465,657 23,807,138 22,062,291 24,821,005 26,005,508
150
Bonds 19,783,552 15,810,466 12,371,708 8,652,260 6,637,794
- - - - - - 100
- - - - - - 50
- - - - - - -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 5,295,000 5,295,000 5,295,000 5,295,000 7,017,222 28,395
Par Value 500 500 500 500 500 23,836
21,407
Total equity 23,836,195 19,987,845 21,406,647 25,909,354 28,394,781
Interest Income 23,271,432 22,947,252 23,413,857 23,233,200 11,793,747
Profit from Operation 521,773 2,330,285 3,036,832 3,814,803 2,000,380
EBT 411,062 2,270,857 2,993,320 3,875,690 1,866,301
Tax -201,799 -668,499 -617,093 -830,617 -391,923
- - - - - -
2019 2020 2021 2022 2023
Profit for the period 209,263 1,602,358 2,376,227 3,045,073 1,474,378
Comprehensive Attributable 557,332 2,352,711 1,418,802 1,983,756 1,764,349 23,271 23,414 23,233
22,947
Net Cash - Operating -14,828,361 26,532,815 9,551,932 1,265,073 -14,895,435
Net Cash - Investing -7,077,106 -23,726,876 3,834,455 -2,399,534 3,477,655
Net Cash - Financing 8,440,369 581,708 -6,794,035 1,431,240 3,417,124
11,794
Net Increase/Decrease in C&CE -13,465,098 3,387,647 6,592,352 296,779 -8,000,656
C&CE, end of period 31,249,908 34,637,555 41,229,907 41,526,686 33,526,030
DAR (x) 0.86 0.89 0.88 0.87 0.87
DER (x) 11.30 16.08 15.31 13.56 12.27
EPS (IDR) 209.02 49.82 165.71 244.44 218.86 2019 2020 2021 2022 2023
PER (x) 10.14 34.62 10.44 5.52 6.03
PBV (x) 1.12 1.11 0.84 0.85 0.66
ROA (%) 0.07 0.44 0.64 0.76 0.37
3,045
ROE (%) 0.88 8.02 11.10 11.75 5.19
GPM (%) -65.92 -64.74 -50.74 -43.45 -54.83
2,376
NPM (%) 0.90 6.98 10.15 13.11 12.50
DPS (IDR) 53.03 1.98 0.00 22.44 43.39 1,602
1,474
DPR (%) 25.37 3.97 0.00 9.18 19.83
Dividend Yield (%) 2.09 0.09 0.00 1.30 3.21
209
2019 2020 2021 2022 2023

BMRI
Bank Mandiri (Persero) Tbk.
BMRI Bank Mandiri (Persero) Tbk.

Date: 31 Jul 2023 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 percentage of public
biggest subsidiaries is PT Bank Syariah Indonesia (BSI).
https://www.idx.co.id/en/listed-companies/company-profiles/BMRI

Domestic 101,886.5 58,250.8
36% 42%
64% 58% Individual 0.19% 0.07%
Year 2022 YTD 2023
Total 290,074.5 153,943.5
Fundamental & ESG
YTD 2023
11.57x 2.09x 28.18 Medium
D 11,611.5 17,731.7 29,343.1
8,946.1 -435.5
Buy

BMRI Sector PER Market PER
F 35,182.3 63,384.8 98,567.1 Domestic Buy". 15.98x 13.54x

2023 F - Rp529.34 27-Mar-23 28-Mar-23 12-Apr-23 - - - - - - -
2022 SD - Rp360.64 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 2023 SS 04-Apr-23 10,525 2:1 5,250 0.500
2020 F - Rp353.34 28-Feb-20 02-Mar-20 20-Mar-20 - - - - - - -
2019 F - Rp241.22 27-May-19 28-May-19 19-Jun-19 - - - - - - -
Industry Peers


Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 BMRI*
38.37%
IHSG
-0.28%
LQ45
-1.33%
Sector**
Highest 8,850 9,450 10,550 10,525 10,900 10,025 10,375 10,900 10,525 5,250 5,200 5,725
Lowest 7,975 8,825 9,225 9,900 9,900 8,950 9,700 9,850 5,100 4,990 5,025 5,150
Close 8,850 9,425 10,550 10,525 9,925 9,950 10,000 10,325 5,175 5,050 5,200 5,725
Adj. Close* 8,850 9,425 10,550 10,525 9,925 9,950 10,000 10,325 10,350 10,100 10,400 11,450
Growth (%) 6.50% 11.94% -0.24% -5.70% 0.25% 0.50% 3.25% 0.24% -2.42% 2.97% 10.10%
Volume (mill.) 1,088.35 1,467.17 1,251.73 1,326.81 1,498.90 1,277.87 1,044.09 1,285.78 1,414.18 1,989.24 1,907.09 2,513.04
Value (bill.) 9,226.27 13,454.20 12,235.23 13,544.88 15,249.72 12,213.16 10,517.32 13,174.86 7,581.77 10,183.38 9,694.47 13,606.78
Frequency (th.) 147.88 155.68 153.47 178.36 189.12 183.36 177.27 203.46 192.38 255.78 189.95 205.63
Days 22 22 21 22 22 21 20 21 14 21 17 20

Lowest 6,200 6,350 3,720 5,650 7,025
Close 7,375 7,675 6,325 7,025 9,925 1. BMRI 15.1% 15.4% 38.4% 97.4% 72.2%
Adj. Close* 7,375 7,675 6,325 7,025 9,925 2. BBCA 7.7% 6.7% 24.1% 46.2% 96.0%
Growth (%) 4.07% -17.59% 11.07% 41.28% 3. BBRI 23.4% 14.4% 29.6% 83.3% 88.6%
4. BBNI -3.0% -3.8% 13.1% 92.9% 19.9%
Volume 12,054 13,287 17,919 13,128 16,998
Value 87,393 98,013 101,337 85,083 145,037 Note:
Index Membership

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


Date: 31 Jul 2023 v2.0.0

2,500
Consumer Fin. Receivables 18,211,088 18,649,899 18,633,307 23,147,366 26,985,054
Loans 855,846,844 807,874,363 957,636,147 1,043,374,592 1,176,825,024
2,000
Fixed Asset 44,612,199 46,728,153 49,144,792 354,738,256 56,467,459
Total Assets 1,318,246,335 1,429,334,484 1,725,611,128 1,992,544,687 1,963,987,471 1,500
Deposits 863,506,211 970,263,458 1,128,079,105 1,295,575,929 1,256,142,427

Fund Borrowings 54,128,562 52,810,689 51,398,940 62,840,118 86,036,158 1,000
Bonds 31,804,853 37,671,386 43,698,839 45,774,139 49,516,252
Sukuk 375,000 375,000 1,375,000 - - 500
- - - - - -
- - - - - - -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Total Liabilities 1,025,749,580 1,151,267,847 1,326,592,237 1,544,096,631 1,516,625,484
Common Stocks 11,666,667 11,666,667 11,666,667 11,666,667 11,666,667
Par Value 250 250 250 250 125
222,111
193,796
Total equity 209,034,525 193,796,083 222,111,282 252,245,455 255,246,569
Interest Income 91,525,090 87,321,117 97,749,086 112,382,118 64,190,738
EBT 36,441,440 23,298,041 38,358,421 56,377,726 34,439,316
Tax -7,985,848 -5,652,417 -7,807,324 -11,425,358 -6,735,715
- - - - - -
2019 2020 2021 2022 2023
91,525
Net Cash - Operating 11,637,669 99,467,685 133,967,177 119,368,846 -107,617,841 87,321
Net Cash - Investing -16,251,888 -33,313,371 -132,477,052 -42,640,674 26,267,686
Net Cash - Financing 5,458,205 -13,875,211 -7,510,143 -5,313,478 2,481,038 64,191
Net Increase/Decrease in C&CE 843,986 52,279,103 -6,020,018 71,414,694 -78,869,117
C&CE, end of period 123,792,750 177,364,584 193,631,712 274,889,544 192,805,705
DAR (x) 0.78 0.81 0.77 0.77 0.77
DER (x) 4.91 5.94 5.97 6.12 5.94
EPS (IDR) 582.28 455.57 407.31 845.40 468.21 2019 2020 2021 2022 2023
PER (x) 13.18 13.88 16.96 11.74 11.11
PBV (x) 1.63 1.83 1.32 1.29 3.59
ROA (%) 2.16 1.23 1.77 2.26 1.41 44,952
ROE (%) 13.61 9.11 13.75 17.82 10.85
GPM (%) -35.06 -35.29 -25.26 -21.78 -26.30
OPM (%) n.a. n.a. n.a. n.a. n.a. 30,551
28,456
NPM (%) 31.09 20.21 31.25 40.00 43.16 27,704
DPS (IDR) 241.22 353.34 220.27 360.64 529.34

DPR (%) 41.43 77.56 54.08 42.66 113.06 17,646
Dividend Yield (%) 3.27 4.60 3.48 5.13 5.33
2019 2020 2021 2022 2023

BRIS
Bank Syariah Indonesia Tbk.
BRIS Bank Syariah Indonesia Tbk.

Date: 31 Jul 2023 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 Muliaman D. Hadad. The largest shareholder of the company is PT Bank
03 Apr 1969 09 May 2018 510
Mandiri (Persero) Tbk (50.83%). The percentage of public shareholding (<5%) is
7.07%. Stock Overview
https://www.idx.co.id/en/listed-companies/company-profiles/BRIS

Domestic 13,424.1 15,214.5
Year 2022 YTD 2023
Total 15,363.6 18,206.0
Fundamental & ESG
YTD 2023
16.14x 2.18x 26.79 Medium
D 6,346.5 1,102.2 7,448.7
990.2 317.1
Buy

D 5,788.6 428.4 6,217.0 "Foreign Buy-Domestic Sell" minus "Foreign Sell-
BRIS Sector PER Market PER
F 1,418.5 46.3 1,464.8 Domestic Buy". 15.98x 13.54x
Total 7,207.2 474.6 7,681.8 foreign investors. Note: Please see Methodology for more details. ESG = Environmental, Social, & Governance.

2023 F - Rp9.24 31-May-23 05-Jun-23 23-Jun-23 2022 RI 14-Dec-22 1,295 90000:10941 1,265 0.975
2022 F - Rp18.41 08-Jun-22 09-Jun-22 30-Jun-22 - - - - - - -
2019 F - Rp1.10 09-May-19 10-May-19 28-May-19 - - - - - - -
- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
Industry Peers
5. BNGA Bank CIMB Niaga Tbk. 42,047.69 06/30/23 329,683,122 46,145,239 283,537,883 12,796,378 3,269,932
5. BNGA Bank CIMB Niaga Tbk. 7.82 0.90 0.99 1.15 0.14 0.16


Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 BRIS*
3.79%
IHSG
-0.28%
LQ45
-1.33%
Sector**
Highest 1,635 1,575 1,500 1,425 1,325 1,420 1,715 1,700 1,810 1,810 1,735 1,790
Lowest 1,520 1,465 1,295 1,330 1,100 1,285 1,315 1,515 1,670 1,600 1,640 1,650
Close 1,520 1,470 1,400 1,335 1,290 1,380 1,520 1,680 1,730 1,730 1,690 1,655
Adj. Close* 1,520 1,470 1,400 1,335 1,323 1,415 1,558 1,723 1,774 1,774 1,733 1,697
Growth (%) -3.29% -4.76% -4.64% -0.92% 6.98% 10.14% 10.53% 2.98% 0.00% -2.31% -2.07%
Volume (mill.) 304.37 286.85 231.53 144.08 2,035.78 718.63 1,705.38 797.50 591.36 972.34 320.52 541.97
Value (bill.) 477.71 436.77 321.36 199.08 2,319.08 986.41 2,678.45 1,278.84 1,032.73 1,658.22 538.92 929.43
Frequency (th.) 120.37 102.63 93.13 62.98 142.34 146.13 280.26 159.55 129.81 200.62 89.24 124.61
Days 22 22 21 22 22 21 20 21 14 21 17 20

Highest 660 585 2,410 3,770 1,795 No. Code 6M YTD 1Y 3Y 5Y
Lowest 520 306 135 1,725 1,100
Close 525 330 2,250 1,780 1,290 1. BRIS 24.0% 28.3% 3.8% 214.2% 205.7%
Adj. Close* 512 322 2,194 1,736 1,258 2. BMRI 15.1% 15.4% 38.4% 97.4% 72.2%
Growth (%) -37.14% 581.82% -20.89% -27.53% 3. BBNI -3.0% -3.8% 13.1% 92.9% 19.9%
4. MEGA -6.1% 1.4% -0.5% 34.6% 100.4%
Shares Traded 2018 2019 2020 2021 2022 5. BNGA 43.2% 42.6% 61.7% 119.5% 69.8%
Volume 3,919 1,715 33,817 19,414 5,476
Value 2,253 841 32,599 50,086 7,682 Note:
Frequency 199 206 3,262 5,095 1,447 Base date: 6M = Jan 31, 2023; YTD = Dec 30, 2022; 1Y = Jul 29, 2022; 3Y = Jul 30, 2020; 5Y = Jul 31, 2018;
Index Membership

2. I-GRADE 12. KOMPAS100 22. 32.
3. IDX80 13. LQ45 23. 33.
4. IDXBUMN20 14. MBX 24. 34.
6. IDXLQ45LCL 16. 26. 36.
7. IDXMESBUMN 17. 27. 37.
8. INFOBANK15 18. 28. 38.
9. ISSI 19. 29. 39.
10. JII 20. 30. 40.


Date: 31 Jul 2023 v2.0.0

Balance Sheets Dec 2019 Dec 2020 Dec 2021 Dec 2022 Mar 2023
Placements (BI & Banks) 3,273,000 500,000 9,083,837 13,289,238 11,738,510 Asset Liabilities
350
- - - - - -
Loans 13,612,775 23,009,103 107,418,383 129,568,992 132,550,346 300
250
Fixed Asset 224,050 431,133 4,055,953 38,248,754 5,132,775
Total Assets 43,123,488 57,715,586 265,289,081 305,727,438 313,252,694 200
Deposits 8,997,585 16,281,006 57,363,828 66,012,257 66,157,328
150
Fund Borrowings - - - 778,375 749,725
- - - - - - 100
Sukuk 1,000,000 1,000,000 1,375,000 1,375,000 1,375,000
- - - - - - 50
- - - - - - -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 4,858,057 4,950,254 20,564,654 23,064,630 23,064,630
33,506
Par Value 500 500 500 500 500
Retained earnings 222,964 471,018 10,208,992 13,712,123 15,187,530
25,014
Total equity 5,088,036 5,444,288 25,013,934 33,505,610 34,992,047
Income Statements Dec 2019 Dec 2020 Dec 2021 Dec 2022 Mar 2023
Revenue as mudharib 3,374,863 4,347,121 17,808,432 19,622,865 4,131,265
Third parties share on return -1,320,886 -1,458,915 -4,378,807 -4,032,169 -1,324,662
Profit from Operation 118,378 433,258 4,006,165 5,506,269 1,890,236
5,088 5,444
EBT 116,865 405,231 3,960,524 5,514,803 1,892,373
Tax -42,849 -157,177 -932,319 -1,254,621 -434,091
- - - - - -
2019 2020 2021 2022 2023
Profit for the period 74,016 248,054 3,028,205 4,260,182 1,458,282
Comprehensive Attributable 67,870 255,242 3,217,796 4,311,075 1,469,312
Cash Flow Statements Dec 2019 Dec 2020 Dec 2021 Dec 2022 Mar 2023
19,623
Net Cash - Operating -200,219 3,146,554 18,676,808 1,885,530 -813,166 17,808
Net Cash - Investing -1,190,710 -2,842,544 -18,571,038 5,994,708 -3,193,442
Net Cash - Financing -10,660 85,419 -77,929 4,798,909 -22,395
Net Increase/Decrease in C&CE -1,401,589 389,429 27,841 12,679,147 -4,029,003
C&CE, end of period 4,166,118 4,555,547 26,542,272 39,221,419 35,192,416
Ratios Dec 2019 Dec 2020 Dec 2021 Dec 2022 Mar 2023
4,347 4,131
Current Ratio (%) n.a. n.a. n.a. n.a. n.a. 3,375
DAR (x) 0.28 0.30 0.23 0.24 0.23

DER (x) 2.33 3.21 2.47 2.22 2.05
EPS (IDR) 1.23 21.02 62.38 86.10 92.35 2019 2020 2021 2022 2023
PER (x) 269.23 107.04 116.93 14.98 18.19
PBV (x) 0.99 0.59 3.66 2.43 1.68
ROA (%) 0.17 0.43 1.14 1.39 0.47 4,260
ROE (%) 1.45 4.56 12.11 12.71 4.17

GPM (%) -39.14 -33.56 -24.59 -20.55 -32.06
3,028
NPM (%) 2.19 5.71 17.00 21.71 35.30
DPS (IDR) 1.10 0.00 0.00 18.41 9.24
DPR (%) 89.51 0.00 0.00 21.38 10.00 1,458
Dividend Yield (%) 0.21 0.00 0.00 1.03 0.72
Miscellaneous Dec 2019 Dec 2020 Dec 2021 Dec 2022 Mar 2023
248
No. of Listed Shares, million 9,619 9,803 40,718 45,718 45,668 74

2019 2020 2021 2022 2023

BRPT
Barito Pacific Tbk.
BRPT Barito Pacific Tbk.

Date: 31 Jul 2023 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 (141.70%). The percentage of Stock Overview
public shareholding (<5%) is 0.00%. The company has 13 subsidiaries. One of
the biggest subsidiaries is PT Chandra Asri Petrochemicak Tbk. Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
https://www.idx.co.id/en/listed-companies/company-profiles/BRPT

Domestic 20,441.0 8,766.8
Foreign 4,975.0 2,744.8 B Basic Materials B11 Chemicals
Others 12.91% 16.22% B1 Basic Materials B111 Basic Chemicals
Year 2022 YTD 2023
Total 25,416.0 11,511.6
Fundamental & ESG
YTD 2023
319.35x 1.32x 26.24 Medium
D 3,562.4 680.4 4,242.7
-63.2 281.3
F 961.7 551.3 1,513.1 *Total trading value by Foreign is the sum of
Buy

BRPT Sector PER Market PER
F 1,808.2 647.7 2,455.9 Domestic Buy". 12.01x 13.54x

2023 F - Rp1.59 21-Jun-23 22-Jun-23 14-Jul-23 2019 SS 06-Aug-19 3,670 5:1 735 0.200
2022 F - Rp3.12 23-May-22 24-May-22 10-Jun-22 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. 72,654.09 06/30/23 141,218,010 57,331,320 83,886,690 20,613,495 1,225,065
2. TPIA Chandra Asri Petrochemical 183,404.48 06/30/23 75,201,255 42,675,180 32,526,075 16,114,305 4,920
3. ESSA Surya Esa Perkasa Tbk. 10,163.92 06/30/23 11,568,471 8,062,545 3,505,927 2,522,699 69,695
4. AGII Aneka Gas Industri Tbk. 6,056.65 06/30/23 7,726,001 3,776,735 3,949,266 1,337,806 68,896
5. UNIC Unggul Indah Cahaya Tbk. 3,325.40 06/30/23 4,950,193 4,168,841 781,352 2,502,915 133,277
1. BRPT Barito Pacific Tbk. 319.35 1.32 0.87 1.46 0.41 0.68
2. TPIA Chandra Asri Petrochemical Tbk. -133.03 4.30 0.01 0.02 0.57 1.31
3. ESSA Surya Esa Perkasa Tbk. 8.27 1.26 0.60 1.99 0.70 2.30
4. AGII Aneka Gas Industri Tbk. 62.88 1.61 0.89 1.74 0.49 0.96
5. UNIC Unggul Indah Cahaya Tbk. 7.09 0.78 2.69 17.06 0.84 5.34


Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 BRPT*
-13.89%
IHSG
-0.28%
LQ45
-1.33%
Sector**
Highest 1,060 875 845 840 795 855 940 870 835 830 770 775
Lowest 820 795 770 785 755 765 825 760 765 760 710 750
Close 820 795 825 790 755 855 935 825 835 760 745 775
Adj. Close* 820 795 825 790 755 855 935 825 835 760 745 775
Growth (%) -3.05% 3.77% -4.24% -4.43% 13.25% 9.36% -11.76% 1.21% -8.98% -1.97% 4.03%
Volume (mill.) 1,377.25 2,151.41 1,691.72 1,635.42 1,659.54 1,538.42 1,765.03 1,511.22 539.33 713.53 686.68 253.80
Value (bill.) 1,293.29 1,795.87 1,366.71 1,330.54 1,301.96 1,263.41 1,569.40 1,220.99 431.08 567.83 508.90 194.20
Frequency (th.) 119.83 150.59 137.04 119.25 100.87 114.48 115.99 109.66 48.17 56.41 63.18 34.55
Days 22 22 21 22 22 21 20 21 14 21 17 20
Price (IDR) 2018 2019 2020 2021 2022 Industry: Basic Chemicals
Lowest 1,600 720 456 805 710
Close 2,390 1,510 1,100 855 755 1. BRPT -6.1% 2.6% -13.9% -18.4% 113.5%
Adj. Close* 484 302 1,100 855 755 2. TPIA -8.2% -17.5% -10.7% 27.6% 86.9%
Growth (%) -37.57% 264.24% -22.27% -11.70% 3. ESSA -40.4% -35.5% -43.0% 280.6% 134.1%
4. AGII -0.8% 1.8% -17.0% 262.4% 234.7%
Shares Traded 2018 2019 2020 2021 2022 5. UNIC -9.6% -13.0% -23.6% 134.5% 162.9%
Volume 5,197 16,013 23,636 13,866 14,972
Value 11,116 27,896 25,001 13,564 12,708 Note:
Index Membership

3. I-GRADE 13. LQ45 23. 33.
4. IDX30 14. MBX 24. 34.
5. IDX80 15. 25. 35.
6. IDXBASIC 16. 26. 36.
7. IDXESGL 17. 27. 37.
8. IDXLQ45LCL 18. 28. 38.
9. ISSI 19. 29. 39.
10. JII 20. 30. 40.


Date: 31 Jul 2023 v2.0.0

160
Current Assets 25,493,315 29,009,429 50,860,866 44,875,678 40,850,895
Fixed Asset 36,047,030 37,608,740 38,671,516 44,439,321 44,935,260 120

- - - - - -
100
Total Assets 100,159,056 108,370,958 131,867,691 144,198,776 141,218,010
Trade Payable 9,627,726 10,235,096 11,162,296 7,020,579 2,717,925 80
Curr. Maturities - Bank Loans 2,341,728 1,291,002 880,212 969,339 1,044,855 60

- - - - - -
40
- - - - - -
- - - - - -
Common Stocks 13,220,209 13,807,032 14,003,211 15,301,568 14,720,595
58,032 57,331
Par Value 100 100 100 100 100
Total Equity 38,429,729 41,623,305 60,886,893 58,031,818 57,331,320 41,623
38,430
Revenues 33,502,388 32,923,468 45,028,055 46,176,207 20,613,495
Gross Profit 8,080,444 8,228,815 11,199,039 6,948,933 4,271,610
EBT 3,858,149 3,448,278 6,867,955 2,423,355 2,328,990
Tax -1,942,385 -1,454,070 -2,644,231 -1,921,137 -1,103,925
2019 2020 2021 2022 2023
Profit/Loss for the period 1,915,764 1,994,207 4,223,724 502,218 1,225,065
Profit/Loss Period Attributable 615,393 511,645 1,556,962 27,426 455,505
Comprehensive Attributable 591,728 357,971 1,946,834 1,437,738 471,645
45,028 46,176
Net Cash - Operating 6,404,785 6,080,172 5,242,102 -2,071,584 -5,069,835
33,502 32,923
Net Cash - Financing 1,901,498 4,203,219 16,681,902 13,913,662 3,984,045
C&CE, end of period 10,377,897 16,013,548 33,066,881 25,540,819 18,654,465
Current Ratio (%) 1.65 1.87 3.15 3.70 5.01
DAR (x) 0.62 0.62 0.54 0.60 0.59
DER (x) 1.61 1.60 1.17 1.48 1.46
EPS (IDR) 1.98 6.50 18.53 3.15 2.43 2019 2020 2021 2022 2023
PER (x) 762.36 169.22 48.55 239.53 306.99
PBV (x) 5.54 3.39 1.69 1.38 1.23
ROA (%) 1.91 1.84 3.20 0.35 0.87 4,224
ROE (%) 4.99 4.79 6.94 0.87 2.14

GPM (%) 24.12 24.99 24.87 15.05 20.72
OPM (%) 17.70 18.22 19.76 9.09 13.79
NPM (%) 5.72 6.06 9.38 1.09 5.94
DPS (IDR) 0.00 0.00 2.72 3.12 1.59 1,916 1,994
DPR (%) 0.00 0.00 14.70 99.04 65.52
1,225
Dividend Yield (%) 0.00 0.00 0.25 0.37 0.21
Miscellaneous Dec 2019 Dec 2020 Dec 2021 Dec 2022 Jun 2023 502

2019 2020 2021 2022 2023

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

Date: 31 Jul 2023 v2.0.0

PT Bukalapak.com Tbk. has a main business field of E-commerce, technology, Established Listing Date IPO Price (IDR) IPO Lead Underwriter
online & offline platform. The company's President Director and President 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 54 subsidiaries. One of the biggest subsidiaries is MOFA Stock Overview
Alpha Ltd .
For more information click here: #N/A 22,265,350,290,072 15,823,692,734,477
https://www.idx.co.id/en/listed-companies/company-profiles/BUKA

Domestic 48,070.2 7,285.0
76% 73%
Foreign 15,559.9 3,422.4 I Technology I11 Online Applications & Services
24% 27%
Others 13.77% 15.97% I1 Software & IT Services I111 Online Applications & Services
Year 2022 YTD 2023
Total 63,630.1 10,707.5
Fundamental & ESG
YTD 2023
-1.64x 0.87x 24.44 Medium
D 2,533.3 958.4 3,491.7
-2,145.3 301.6
Buy

BUKA Sector PER Market PER
F 4,542.5 2,164.7 6,707.3 Domestic Buy". 33.19x 13.54x

- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
Industry Peers
1. BUKA Bukalapak.com Tbk. 22,265.35 06/30/23 27,100,774 26,275,572 825,202 2,181,166 -393,736
2. BELI Global Digital Niaga Tbk 53,795.95 06/30/23 13,020,380 8,845,527 4,174,853 7,775,585 -1,760,302
3. EMTK Elang Mahkota Teknologi 39,807.14 06/30/23 43,162,810 38,814,848 4,347,961 7,754,119 -549,883
4. MCAS M Cash Integrasi Tbk. 7,073.66 06/30/23 1,979,355 1,199,173 780,182 6,581,749 10,126
5. TFAS Telefast Indonesia Tbk. 3,833.33 06/30/23 272,388 192,079 80,309 367,698 149
1. BUKA Bukalapak.com Tbk. -1.64 0.87 -1.45 -47.71 0.97 31.84
2. BELI Global Digital Niaga Tbk -11.29 6.08 -13.52 -42.16 0.68 2.12
3. EMTK Elang Mahkota Teknologi Tbk. 38.27 1.01 -1.27 -12.65 0.90 8.93
4. MCAS M Cash Integrasi Tbk. 692.05 5.90 0.51 1.30 0.61 1.54
5. TFAS Telefast Indonesia Tbk. 2877.79 19.98 0.05 0.19 0.71 2.39


Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 BUKA*
-26.53%
IHSG
-0.28%
LQ45
-1.33%
Sector**
*Adjusted Close Price; **Technology
Highest 334 292 286 312 284 294 304 268 240 240 226 244
Lowest 292 272 250 274 254 254 262 222 228 197 204 212
Close 300 272 276 286 262 294 262 248 236 212 212 216
Adj. Close* 300 272 276 286 262 294 262 248 236 212 212 216
Growth (%) -9.33% 1.47% 3.62% -8.39% 12.21% -10.88% -5.34% -4.84% -10.17% 0.00% 1.89%
Volume (mill.) 13,504.13 5,767.88 4,500.98 8,618.05 2,876.85 2,836.51 3,491.53 3,007.12 2,153.13 3,001.19 3,518.00 4,062.43
Value (bill.) 4,336.22 1,615.09 1,199.21 2,546.80 772.64 782.10 990.09 758.95 509.00 637.89 756.22 919.48
Frequency (th.) 261.35 132.64 92.83 147.61 79.86 66.04 109.33 85.35 50.48 80.24 81.94 102.79
Days 22 22 21 22 22 21 20 21 14 21 17 20
Price (IDR) 2018 2019 2020 2021 2022 Industry: Online Applications & Services
Highest 0 0 0 1,110 500 No. Code 6M YTD 1Y 3Y 5Y
Lowest 0 0 0 430 250
Close - - - 430 262 1. BUKA -25.5% -17.6% -26.5% n.a. n.a.
Adj. Close* - - - 430 262 2. BELI -1.3% -3.4% n.a. n.a. n.a.
Growth (%) - - - -39.07% 3. EMTK -39.8% -36.9% -65.3% 44.4% -27.0%
4. MCAS 11.6% 1.6% -29.3% 282.6% 173.5%
Shares Traded 2018 2019 2020 2021 2022 5. TFAS -14.5% -53.8% -44.4% 1269.0% n.a.
Volume - - - 48,544 99,882
Value - - - 38,884 31,815 Note:
Frequency - - - 2,386 2,605 Base date: 6M = Jan 31, 2023; YTD = Dec 30, 2022; 1Y = Jul 29, 2022; 3Y = Jul 30, 2020; 5Y = Jul 31, 2018;
Days - - - 102 246 *Adjusted price refers to the close price after adjustments for any applicable corporate actions.
Index Membership
No. Index Code

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


Date: 31 Jul 2023 v2.0.0

Cash & Cash Equivalents - 1,484,438 24,700,387 16,256,067 13,790,266
Trade receivables - 92,948 53,679 123,792 109,805 Total Asset & Liabilities (Bill. Rp)
Inventories - - 1,273 71,006 68,506 Asset Liabilities
30
Current Assets - 1,769,815 25,848,765 22,005,287 19,336,736
- - - - - -
25
Fixed Asset - 335,017 113,873 23,115 16,322
- - - - - - 20
Total Assets - 2,593,657 26,615,550 27,406,405 27,100,774
Trade Payable - 72,192 114,473 78,672 57,200 15
Curr. Maturities - Bank Loans - - 2,000,000 - -

10
- - - - - -
- - - - - -
5
Current Liabilities - 881,991 3,007,455 808,856 731,544
- - - - - - -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Total Liabilities - 985,822 3,119,931 907,921 825,202
Common Stocks - 2,508,278 5,153,101 5,153,324 5,154,016
Paid up Capital (Shares) - 8 103,062 103,066 103,066 26,498 26,276
Par Value - 50 50 50 50 23,496
Retained earnings - -7,654,886 -9,327,845 -7,344,215 -7,733,489
Total Equity - 1,607,836 23,495,619 26,498,483 26,275,572
Revenues - 1,351,664 1,869,122 3,618,366 2,181,166
- - - - - -
- - - - - -
Interest & Finance Costs - -8,547 -18,305 7,078 3,067
1,608
EBT - -1,832,143 -1,500,980 2,270,209 -371,499 -
Tax - 483,101 -174,764 -292,615 -22,238
2019 2020 2021 2022 2023
Profit/Loss for the period - -1,349,042 -1,675,744 1,977,594 -393,736
Profit/Loss Period Attributable - -1,349,042 -1,672,959 1,983,630 -389,274
Comprehensive Income - -1,316,358 -1,675,383 1,985,902 -359,133 Total Revenue (Bill. Rp)
Comprehensive Attributable - -1,316,357 -1,672,650 1,992,184 -354,670
3,618
Net Cash - Operating - -1,154,372 -1,409,310 -631,686 -155,082
Net Cash - Investing - -1,437 -659,001 -6,008,342 -2,190,869
Net Cash - Financing - 1,747,478 25,270,996 -2,010,157 -17,079 2,181
Net Increase/Decrease in C&CE - 591,669 23,202,685 -8,650,185 -2,363,031 1,869
C&CE, end of period - 1,484,438 24,700,387 16,256,067 13,790,266 1,352
Current Ratio (%) n.a. 2.01 8.59 27.21 26.43
DAR (x) n.a. 0.38 0.12 0.03 0.03 -
DER (x) n.a. 0.61 0.13 0.03 0.03
EPS (IDR) n.a. n.a. -10.50 29.86 -131.68 2019 2020 2021 2022 2023
PER (x) n.a. n.a. -40.95 8.77 -1.61
BV (IDR) n.a. n.a. 228 257 255 Profit/Loss for the Period (Bill. Rp)
PBV (x) n.a. n.a. n.a. 1.67 1.03
ROA (%) n.a. -52.01 -6.30 7.22 -1.45
1,978
ROE (%) n.a. -83.90 -7.13 7.46 -1.50
GPM (%) n.a. 0.00 0.00 0.00 0.00
OPM (%) n.a. 0.00 0.00 0.00 0.00
NPM (%) n.a. -99.81 -89.65 54.65 -18.05
DPS (IDR) 0.00 0.00 0.00 0.00 0.00 -
DPR (%) n.a. n.a. 0.00 0.00 0.00
Dividend Yield (%) n.a. n.a. n.a. 0.00 0.00
-394
No. of Listed Shares, million n.a n.a 103,062 103,066 103,080 -1,349
Market Capitalization, billion IDR n.a n.a 44,317 27,003 21,853 -1,676
2019 2020 2021 2022 2023

CPIN
Charoen Pokphand Indonesia Tbk
CPIN Charoen Pokphand Indonesia Tbk

Date: 31 Jul 2023 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 Sarana Farmindo Utama.
https://www.idx.co.id/en/listed-companies/company-profiles/CPIN

Domestic 14,931.9 8,694.8
64% Institution 51.69% 40.17%
67%
Foreign 8,716.3 4,534.1 D Consumer Non-Cyclicals D23 Agricultural Products
36% 33%
Others 19.88% 22.23% D2 Food & Beverage D231 Fish, Meat, & Poultry
Year 2022 YTD 2023
Total 23,648.2 13,228.9
Fundamental & ESG
YTD 2023
44.89x 3.06x 41.17 Severe
D 3,026.2 1,477.5 4,503.7
360.7 -312.5
Buy

CPIN Sector PER Market PER
F 2,617.3 1,921.2 4,538.5 Domestic Buy". 19.45x 13.54x

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
2020 F - Rp81.00 03-Sep-20 04-Sep-20 16-Sep-20 2007 RI 05-Jul-07 990 6:1 960 0.965
2019 F - Rp118.00 11-Jun-19 12-Jun-19 18-Jun-19 2001 SS 15-Jan-01 2,600 5:1 520 0.200
2018 F - Rp56.00 04-Jun-18 06-Jun-18 22-Jun-18 1997 BS 09-Jun-97 1,350 4:1 1,080 0.800
Industry Peers
1. CPIN Charoen Pokphand 84,859.65 06/30/23 42,905,903 27,715,324 15,190,579 30,891,883 1,378,086
2. JPFA Japfa Comfeed Indonesia 15,654.98 06/30/23 33,884,917 13,292,151 20,592,766 24,155,760 112,359
3. CPRO Central Proteina Prima Tbk. 3,157.34 06/30/23 6,760,384 3,409,382 3,351,002 4,437,946 227,550
4. SIPD Sreeya Sewu Indonesia Tbk. 1,931.06 06/30/23 2,808,423 705,773 2,102,650 2,934,373 763
5. WMPP Widodo Makmur Perkasa 1,470.95 06/30/23 5,623,173 1,916,370 3,706,802 591,683 -180,606
1. CPIN Charoen Pokphand Indonesia Tbk 44.89 3.06 3.21 9.07 0.65 1.82
2. JPFA Japfa Comfeed Indonesia Tbk. 27.65 1.15 0.33 0.55 0.39 0.65
3. CPRO Central Proteina Prima Tbk. 7.70 0.93 3.37 6.79 0.50 1.02
4. SIPD Sreeya Sewu Indonesia Tbk. -9.54 2.80 0.03 0.04 0.25 0.34
5. WMPP Widodo Makmur Perkasa Tbk. -3.70 0.73 -3.21 -4.87 0.34 0.52


Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 CPIN*
-7.59%
IHSG
-0.28%
LQ45
-1.33%
Sector**
Highest 5,950 5,925 5,725 5,925 6,000 6,250 5,900 5,600 4,820 5,250 5,275 5,500
Lowest 5,575 5,500 5,300 5,650 5,600 5,675 5,375 4,800 4,420 4,630 4,900 4,960
Close 5,875 5,650 5,575 5,700 5,650 5,875 5,375 4,990 4,590 4,950 5,275 5,175
Adj. Close* 5,875 5,650 5,575 5,700 5,650 5,875 5,375 4,990 4,590 4,950 5,275 5,175
Growth (%) -3.83% -1.33% 2.24% -0.88% 3.98% -8.51% -7.16% -8.02% 7.84% 6.57% -1.90%
Volume (mill.) 164.66 150.79 156.79 191.74 145.30 148.08 185.35 232.91 158.26 254.14 138.15 152.11
Value (bill.) 955.84 856.24 862.96 1,107.97 838.16 886.00 1,063.36 1,187.00 725.52 1,250.99 704.57 797.03
Frequency (th.) 64.42 53.30 46.88 55.96 41.78 52.16 55.81 94.55 76.74 93.89 50.88 58.08
Days 22 22 21 22 22 21 20 21 14 21 17 20
Price (IDR) 2018 2019 2020 2021 2022 Industry: Fish, Meat, & Poultry
Lowest 3,170 4,280 3,830 5,700 4,840
Close 7,225 6,500 6,525 5,950 5,650 1. CPIN -11.2% -8.4% -7.6% -16.9% 14.5%
Adj. Close* 7,225 6,500 6,525 5,950 5,650 2. JPFA -1.1% 3.1% -7.6% 25.9% -37.9%
Growth (%) -10.03% 0.38% -8.81% -5.04% 3. CPRO -1.9% 0.0% -23.2% 6.0% 6.0%
4. SIPD -11.8% -26.3% -30.0% 1.0% -5.4%
Shares Traded 2018 2019 2020 2021 2022 5. WMPP -52.4% -32.4% -62.1% n.a. n.a.
Volume 2,104 2,589 2,232 1,807 2,109
Value 9,362 15,528 12,858 11,639 11,824 Note:
Frequency 634 1,062 1,020 872 853 Base date: 6M = Jan 31, 2023; YTD = Dec 30, 2022; 1Y = Jul 29, 2022; 3Y = Jul 30, 2020; 5Y = Jul 31, 2018;
Index Membership

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


Date: 31 Jul 2023 v2.0.0

50
Current Assets 13,297,718 13,531,817 15,715,060 18,031,436 20,696,949
45
- - - - - -
40
Fixed Asset 13,521,979 14,494,330 16,255,596 17,627,978 17,840,850
- - - - - - 35
Total Assets 29,353,041 31,159,291 35,446,051 39,847,545 42,905,903 30
Trade Payable 1,037,827 1,170,500 1,571,868 1,496,934 2,322,777 25
- - - - - - 20
- - - - - - 15
- - - - - - 10
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 163,980 163,980 163,980 163,980 163,980
27,715
25,150
Par Value 10 10 10 10 10 23,350
Total Equity 21,071,600 23,349,683 25,149,999 26,327,214 27,715,324
Revenues 58,634,502 42,518,782 51,698,249 56,867,544 30,891,883
Gross Profit 8,096,004 8,254,983 8,138,825 8,144,040 4,129,007
EBT 4,595,238 4,767,698 4,633,546 3,537,180 1,742,370
Tax -963,064 -921,865 -1,014,536 -606,823 -364,284
2019 2020 2021 2022 2023
56,868
Net Cash - Operating 3,400,173 4,845,575 2,121,905 1,673,887 -695,920 51,698
Net Cash - Investing -2,854,639 -1,805,708 -2,819,121 -2,613,060 -778,866 42,519

Net Cash - Financing -1,374,310 -2,329,963 -316,035 927,867 1,057,993
Net Increase/Decrease in C&CE -828,776 709,904 -1,013,251 -11,306 -416,793 30,892
C&CE, end of period 1,961,373 2,677,813 1,803,188 2,041,946 1,601,706
Current Ratio (%) 2.56 2.53 2.01 1.78 1.78
DAR (x) 0.28 0.25 0.29 0.34 0.35
DER (x) 0.39 0.33 0.41 0.51 0.55
EPS (IDR) 222.76 204.35 260.02 251.91 120.63 2019 2020 2021 2022 2023
PER (x) 29.18 31.93 22.88 22.43 43.73
PBV (x) 5.62 4.56 4.25 3.71 3.34
ROA (%) 12.37 12.34 10.21 7.35 3.21
ROE (%) 17.24 16.47 14.39 11.13 4.97 3,846
3,632 3,619
GPM (%) 13.81 19.41 15.74 14.32 13.37
OPM (%) 8.95 12.63 8.92 7.36 6.77 2,930
NPM (%) 6.19 9.05 7.00 5.15 4.46

DPS (IDR) 118.00 81.00 112.00 108.00 0.00
DPR (%) 52.97 39.64 43.07 42.87 0.00
1,378
Dividend Yield (%) 1.63 1.25 1.72 1.82 0.00
2019 2020 2021 2022 2023

EMTK
Elang Mahkota Teknologi Tbk.
EMTK Elang Mahkota Teknologi Tbk.

Date: 31 Jul 2023 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 Eddy K. Sariaatmadja (45.84%). The percentage of public
biggest subsidiaries is PT Surya Citra Media Tbk..
https://www.idx.co.id/en/listed-companies/company-profiles/EMTK

Domestic 26,735.7 5,014.6
55% Institution 31.27% 10.79%
74%
45% Individual 0.47% 1.20%
Year 2022 YTD 2023
Total 49,061.6 6,787.5
Fundamental & ESG
YTD 2023
38.27x 1.01x 14.90 Low
D 1,905.5 720.7 2,626.1
2,662.3 -237.6
Buy

EMTK Sector PER Market PER
F 6,660.2 5,833.8 12,494.1 Domestic Buy". 33.19x 13.54x

2023 F - Rp5.00 23-Jun-23 26-Jun-23 14-Jul-23 2021 SS 11-Jan-21 16,300 10:1 1,630 0.100
2018 F - Rp20.00 03-Jul-18 05-Jul-18 12-Jul-18 - - - - - - -
2017 I - Rp20.00 13-Dec-17 15-Dec-17 22-Dec-17 - - - - - - -
2017 F - Rp20.00 29-May-17 31-May-17 08-Jun-17 - - - - - - -
2016 I - Rp20.00 14-Dec-16 16-Dec-16 30-Dec-16 - - - - - - -
Industry Peers
2. GOTO GOTO Gojek Tokopedia Tbk 133,833.12 06/30/23 133,210,975 117,320,854 15,890,121 6,883,626 -7,212,229
2. GOTO GOTO Gojek Tokopedia Tbk -3.62 1.11 -5.41 -45.39 0.88 7.38


Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 EMTK*
-65.33%
IHSG
-0.28%
LQ45
-1.33%
Sector**
Highest 2,250 1,880 1,650 1,750 1,275 1,120 1,175 955 840 725 770 780
Lowest 1,840 1,520 1,490 1,290 995 980 950 730 705 585 610 650
Close 1,910 1,520 1,545 1,290 1,030 1,060 950 790 705 595 710 650
Adj. Close* 1,910 1,520 1,545 1,290 1,030 1,060 950 790 705 595 710 650
Growth (%) -20.42% 1.64% -16.50% -20.16% 2.91% -10.38% -16.84% -10.76% -15.60% 19.33% -8.45%
Volume (mill.) 842.95 600.62 536.47 1,062.98 984.73 531.47 573.13 734.43 448.64 477.54 652.21 674.85
Value (bill.) 1,710.01 1,035.71 846.24 1,695.83 1,091.78 553.11 619.02 600.06 348.95 316.46 456.00 500.12
Frequency (th.) 176.28 115.53 110.83 229.95 150.55 78.26 91.54 82.20 60.56 75.22 87.73 88.55
Days 22 22 21 22 22 21 20 21 14 21 17 20
Lowest 8,350 4,610 4,070 1,490 995
Close 8,400 5,575 14,000 2,280 1,030 1. EMTK -39.8% -36.9% -65.3% 44.4% -27.0%
Adj. Close* 840 558 1,400 228 1,030 2. GOTO 0.9% 24.2% -61.8% n.a. n.a.
Growth (%) -33.63% 151.12% -83.71% 351.75% 3. BELI -1.3% -3.4% n.a. n.a. n.a.
4. BUKA -25.5% -17.6% -26.5% n.a. n.a.
Shares Traded 2018 2019 2020 2021 2022 5. MCAS 11.6% 1.6% -29.3% 282.6% 173.5%
Volume 53 25 191 11,567 12,560
Value 524 166 765 26,008 24,531 Note:
Index Membership

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


Date: 31 Jul 2023 v2.0.0

Inventories 1,145,444 926,769 1,004,564 1,321,761 1,486,870 Asset Liabilities
50
Current Assets 8,606,558 7,330,343 12,961,205 16,503,759 14,908,325
45
- - - - - -
40
Fixed Asset 3,028,963 4,583,996 5,818,066 5,584,109 5,593,944
- - - - - - 35
Total Assets 17,540,638 17,884,146 38,168,511 44,469,025 43,162,810 30
Trade Payable 775,963 595,422 735,306 766,485 720,563 25
Curr. Maturities - Bank Loans 22,400 191,013 6,436 381,460 115,709 20

- - - - - - 15
- - - - - - 10
Long-term Bank Loans 5,600 2,084,387 611,964 644,188 637,200 -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 1,128,455 1,128,791 1,224,835 1,224,835 1,224,835
Par Value 200 20 20 20 20 39,897 38,815
Retained earnings -3,139,097 -1,080,923 4,673,694 9,817,104 9,067,933 33,669
Total Equity 12,265,279 12,399,039 33,668,866 39,896,588 38,814,848
Revenues 11,100,065 11,936,382 12,840,734 15,524,642 7,754,119
Gross Profit 2,627,585 2,893,309 3,708,351 3,392,903 1,368,403 12,265 12,399
Operating Profit/Loss -1,725,576 1,225,315 1,349,711 530,464 -120,976
EBT -2,071,947 3,702,417 6,436,823 6,216,439 -510,850
Tax -271,160 -345,945 -416,997 -754,380 -39,032
2019 2020 2021 2022 2023
Profit/Loss for the period -2,343,106 1,717,376 6,019,826 5,462,058 -549,883
Profit/Loss Period Attributable -1,516,034 2,058,199 5,659,161 5,444,010 -444,182
Comprehensive Income -2,717,992 1,898,383 6,271,231 6,221,689 -604,266 Total Revenue (Bill. Rp)
Comprehensive Attributable -1,883,819 2,225,128 5,911,749 6,195,682 -493,839
15,525
Net Cash - Operating -1,602,098 1,812,827 1,571,869 -810,999 -76,235
Net Cash - Investing -761,378 -190,737 -10,750,356 1,497,302 -365,401 12,841
11,936
Net Cash - Financing 1,132,990 -1,857,271 12,672,899 1,942,476 -319,976 11,100
Net Increase/Decrease in C&CE -1,230,487 -235,181 3,494,412 2,628,779 -761,612

7,754
C&CE, end of period 3,315,187 2,694,706 7,383,025 8,712,638 7,691,656
Current Ratio (%) 3.20 2.56 4.03 5.27 5.11
DAR (x) 0.30 0.31 0.12 0.10 0.10
DER (x) 0.43 0.44 0.13 0.11 0.11
EPS (IDR) -544.76 -14.18 29.37 179.41 16.99 2019 2020 2021 2022 2023
PER (x) -10.23 -987.57 77.63 5.74 41.80
BV (IDR) 2,174 2,197 550 651 634 Profit/Loss for the Period (Bill. Rp)
PBV (x) 3.86 2.54 25.47 3.50 1.63
ROA (%) -13.36 9.60 15.77 12.28 -1.27
ROE (%) -19.10 13.85 17.88 13.69 -1.42 6,020
5,462
GPM (%) 23.67 24.24 28.88 21.85 17.65
OPM (%) -15.55 10.27 10.51 3.42 -1.56
NPM (%) -21.11 14.39 46.88 35.18 -7.09
1,717
DPS (IDR) 0.00 0.00 0.00 0.00 5.00
DPR (%) 0.00 0.00 0.00 0.00 29.44
Dividend Yield (%) 0.00 0.00 0.00 0.00 0.49
-550
No. of Listed Shares, million 5,642 5,644 61,242 61,242 61,242 -2,343
2019 2020 2021 2022 2023

ESSA
Surya Esa Perkasa Tbk.
ESSA Surya Esa Perkasa Tbk.

Date: 31 Jul 2023 v2.0.0

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

Domestic 26,562.4 7,687.3
81% 76%
Foreign 6,311.4 2,575.3 B Basic Materials B11 Chemicals
Year 2022 YTD 2023
Total 32,873.8 10,262.6
Fundamental & ESG
YTD 2023
8.27x 1.26x 49.50 Severe
D 2,942.2 701.6 3,643.8
-314.5 399.7
Buy

ESSA Sector PER Market PER
F 2,276.5 721.9 2,998.4 Domestic Buy". 12.01x 13.54x

2023 F - Rp45.00 28-Mar-23 29-Mar-23 05-Apr-23 2018 RI 30-Jan-18 318 10:3 280 0.878
2022 F - Rp5.00 16-Jun-22 17-Jun-22 28-Jun-22 2017 SS 27-Oct-17 1,900 10:1 190 0.100
- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
Industry Peers


Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 ESSA*
-43.00%
IHSG
-0.28%
LQ45
-1.33%
Sector**
Highest 1,215 1,210 1,065 1,150 1,070 1,015 1,070 1,060 960 655 645 705
Lowest 995 970 935 990 900 795 920 940 700 488 530 580
Close 1,115 995 1,065 1,065 915 990 1,070 945 700 488 580 590
Adj. Close* 1,115 995 1,065 1,065 915 990 1,070 945 700 488 580 590
Growth (%) -10.76% 7.04% 0.00% -14.08% 8.20% 8.08% -11.68% -25.93% -30.29% 18.85% 1.72%
Volume (mill.) 1,746.20 919.00 929.92 744.24 369.96 531.40 1,099.57 1,200.63 839.47 996.32 721.08 1,043.12
Value (bill.) 1,922.04 1,026.55 898.87 788.74 374.01 501.91 1,103.47 1,177.02 649.60 588.10 422.39 688.79
Frequency (th.) 224.78 129.27 100.13 97.43 62.88 64.68 128.51 95.42 89.15 89.88 76.22 104.94
Days 22 22 21 22 22 21 20 21 14 21 17 20
Highest 380 420 274 535 1,515 No. Code 6M YTD 1Y 3Y 5Y
Lowest 191 242 118 190 440
Close 322 268 210 530 915 1. ESSA -40.4% -35.5% -43.0% 280.6% 134.1%
Adj. Close* 283 268 210 530 915 2. TPIA -8.2% -17.5% -10.7% 27.6% 86.9%
Growth (%) -5.21% -21.64% 152.38% 72.64% 3. BRPT -6.1% 2.6% -13.9% -18.4% 113.5%
4. AGII -0.8% 1.8% -17.0% 262.4% 234.7%
Volume 6,761 5,464 3,434 25,605 16,599
Value 2,023 1,851 694 8,703 16,437 Note:
Index Membership

1. COMPOSITE 11. IDXV30 21. 31.
2. ESGSKEHATI 12. ISSI 22. 32.
3. IDX30 13. JII 23. 33.
4. IDX80 14. JII70 24. 34.
5. IDXBASIC 15. KOMPAS100 25. 35.
6. IDXG30 16. LQ45 26. 36.
7. IDXLQ45LCL 17. MBX 27. 37.
8. IDXSHAGROW 18. MNC36 28. 38.
9. IDXSMC-COM 19. 29. 39.
10. IDXSMC-LIQ 20. 30. 40.


Date: 31 Jul 2023 v2.0.0

Inventories 211,112 306,834 462,098 455,573 309,276 Asset Liabilities
14
Current Assets 2,656,024 1,458,681 2,254,510 4,070,687 2,176,614
- - - - - - 12
Fixed Asset 8,965,414 8,726,499 8,193,216 51,044,193 7,581,799
10
- - - - - -
Total Assets 12,485,132 11,171,914 11,547,802 12,961,554 11,568,471 8
Trade Payable 165,067 172,812 345,677 364,315 164,572
6
Curr. Maturities - Bank Loans 78,978 79,990 682,903 1,426,357 1,479,810
- - - - - - 4
- - - - - -
Long-term Bank Loans 540,439 470,317 5,764,589 2,763,746 1,595,994 -

- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 201,372 217,296 219,823 240,204 246,619
8,191 8,063
Par Value 10 10 10 10 10
Total Equity 4,301,149 4,397,663 4,291,849 8,191,477 8,062,545
Income Statements Dec 2019 Dec 2020 Dec 2021 Dec 2022 Jun 2023 4,301 4,398 4,292
Revenues 3,094,560 2,475,631 4,329,746 11,405,404 2,522,699
Gross Profit 560,586 132,264 1,573,718 5,319,409 464,772
Operating Profit/Loss 320,778 -101,084 1,233,045 4,704,976 273,573
Interest & Finance Costs -543,235 -500,405 -1,117,875 495,517 173,749
EBT -160,817 -556,025 144,045 4,304,343 107,686
Tax 169,044 82,539 60,779 -861,781 -37,992
2019 2020 2021 2022 2023
Profit/Loss for the period 8,227 -473,486 204,823 3,442,563 69,695
Profit/Loss Period Attributable 36,786 -269,778 199,326 2,164,810 59,653
Comprehensive Income -71,787 -281,420 272,733 3,585,638 24,009 Total Revenue (Bill. Rp)
Comprehensive Attributable -12,510 -57,104 243,704 2,250,018 27,674 11,405
Net Cash - Operating 1,222,777 661,207 1,316,572 4,964,667 1,356,925
Net Cash - Investing 712,487 -862,884 -24,816 -176,310 -13,515
Net Cash - Financing -1,350,856 -835,199 -1,190,964 -3,748,716 -2,187,173
Net Increase/Decrease in C&CE 584,408 -1,036,876 100,793 1,039,641 -843,762
C&CE, end of period 2,053,940 1,040,631 1,153,523 2,300,117 1,369,024 4,330
3,095
Ratios Dec 2019 Dec 2020 Dec 2021 Dec 2022 Jun 2023 2,476 2,523
Current Ratio (%) 2.32 1.09 1.62 2.14 1.20
DAR (x) 0.66 0.61 0.63 0.37 0.30
DER (x) 1.90 1.54 1.69 0.58 0.43
EPS (IDR) 26.82 -15.60 4.07 107.05 106.77 2019 2020 2021 2022 2023
PER (x) 9.99 -13.46 130.19 8.55 5.43
PBV (x) 1.07 0.95 0.77 1.01 1.96
ROA (%) 0.07 -4.24 1.77 26.56 0.60
3,443
ROE (%) 0.19 -10.77 4.77 42.03 0.86
GPM (%) 18.12 5.34 36.35 46.64 18.42
OPM (%) 10.37 -4.08 28.48 41.25 10.84
NPM (%) 0.27 -19.13 4.73 30.18 2.76
DPS (IDR) 0.00 0.00 0.00 5.00 45.00
DPR (%) 0.00 0.00 0.00 4.67 42.15
Dividend Yield (%) 0.00 0.00 0.00 0.94 4.92 205
70
8
-473
2019 2020 2021 2022 2023

EXCL
XL Axiata Tbk.
EXCL XL Axiata Tbk.

Date: 31 Jul 2023 v2.0.0

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

Domestic 19,810.2 9,358.6
Foreign 7,320.3 2,688.6 J Infrastructures J32 Wireless Telecommunication Services
Others 18.15% 16.79% J3 Telecommunication J321 Wireless Telecommunication Services
Year 2022 YTD 2023
Total 27,130.6 12,047.1
Fundamental & ESG
YTD 2023
26.02x 1.15x 28.25 Medium
D 3,597.2 1,135.7 4,732.9
-79.3 -107.2
Buy

EXCL Sector PER Market PER
F 2,615.4 1,005.1 3,620.5 Domestic Buy". 13.47x 13.54x

2023 F - Rp42.00 16-May-23 17-May-23 31-May-23 2016 RI 16-May-16 3,380 100:25 3,330 0.986
2022 F - Rp51.00 11-May-22 12-May-22 20-May-22 - - - - - - -
2021 F - Rp31.70 04-May-21 05-May-21 21-May-21 - - - - - - -
2020 F - Rp20.00 02-Jun-20 03-Jun-20 17-Jun-20 - - - - - - -
2014 F - Rp64.00 14-May-14 19-May-14 04-Jun-14 - - - - - - -
Industry Peers
1. EXCL XL Axiata Tbk. 29,801.54 06/30/23 83,694,707 25,875,773 57,818,934 15,764,527 657,524
2. TBIG Tower Bersama 43,728.01 06/30/23 43,617,467 11,302,584 32,314,883 3,279,861 716,522
3. SUPR Solusi Tunas Pratama Tbk. 38,677.71 06/30/23 9,483,390 5,057,210 4,426,180 927,551 476,707
4. FREN Smartfren Telecom Tbk. 19,117.12 06/30/23 45,909,915 15,216,306 30,693,609 5,561,833 -543,214
5. IBST Inti Bangun Sejahtera Tbk. 7,159.80 06/30/23 9,303,073 5,921,521 3,381,551 542,584 30,261
1. EXCL XL Axiata Tbk. 26.02 1.15 0.79 1.14 0.31 0.45
2. TBIG Tower Bersama Infrastructure Tbk. 28.13 3.54 1.64 2.22 0.26 0.35
3. SUPR Solusi Tunas Pratama Tbk. 43.37 8.07 5.03 10.77 0.53 1.14
4. FREN Smartfren Telecom Tbk. 40.99 1.26 -1.18 -1.77 0.33 0.50
5. IBST Inti Bangun Sejahtera Tbk. 204.90 1.21 0.33 0.89 0.64 1.75

EXCL XL Axiata Tbk.

Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 EXCL*
-4.22%
IHSG
-0.28%
LQ45
-1.33%
Sector**
*Adjusted Close Price; **Infrastructures
Highest 2,770 2,700 2,560 2,470 2,300 2,410 2,350 2,090 2,010 2,010 2,120 2,270
Lowest 2,400 2,450 2,380 2,170 2,010 2,170 2,090 1,870 1,750 1,730 1,930 1,960
Close 2,630 2,460 2,520 2,170 2,140 2,240 2,090 1,980 1,750 1,985 1,955 2,270
Adj. Close* 2,630 2,460 2,520 2,170 2,140 2,240 2,090 1,980 1,750 1,985 1,955 2,270
Growth (%) -6.46% 2.44% -13.89% -1.38% 4.67% -6.70% -5.26% -11.62% 13.43% -1.51% 16.11%
Volume (mill.) 588.47 406.77 201.54 273.64 492.27 339.15 382.04 397.33 408.86 639.95 331.47 447.65
Value (bill.) 1,533.43 1,049.68 496.98 638.96 1,052.96 783.20 864.98 800.75 745.62 1,215.58 668.51 944.94
Frequency (th.) 106.15 91.31 56.40 96.83 83.90 96.20 97.95 82.78 89.58 111.36 74.21 83.53
Days 22 22 21 22 22 21 20 21 14 21 17 20
Price (IDR) 2018 2019 2020 2021 2022 Industry: Wireless Telecommunication Services
Lowest 1,750 1,980 1,410 1,980 2,010
Close 1,980 3,150 2,730 3,170 2,140 1. EXCL -1.3% 6.1% -4.2% -9.2% -17.5%
Adj. Close* 1,980 3,150 2,730 3,170 2,140 2. TBIG -8.1% -16.1% -37.1% 49.6% 83.8%
Growth (%) 59.09% -13.33% 16.12% -32.49% 3. SUPR 0.0% 0.0% -7.0% 631.2% 400.0%
4. FREN -16.2% -13.6% -41.8% -60.1% -64.9%
Shares Traded 2018 2019 2020 2021 2022 5. IBST -14.2% -8.2% -35.6% -35.4% -27.4%
Volume 4,266 4,816 7,105 7,842 5,180
Value 10,340 14,106 17,576 20,375 13,565 Note:
Index Membership

1. COMPOSITE 11. IDXSMC-LIQ 21. 31.
4. IDX80 14. JII 24. 34.
5. IDXESGL 15. JII70 25. 35.
6. IDXG30 16. KOMPAS100 26. 36.
7. IDXINFRA 17. LQ45 27. 37.
8. IDXLQ45LCL 18. MBX 28. 38.
9. IDXSHAGROW 19. SMinfra18 29. 39.
10. IDXSMC-COM 20. 30. 40.

EXCL XL Axiata Tbk.

Date: 31 Jul 2023 v2.0.0

Trade receivables 662,944 450,362 524,505 738,169 1,098,494 Total Asset & Liabilities (Bill. Rp)
100
Current Assets 7,145,648 7,571,123 7,733,191 10,408,358 5,767,663
90
- - - - - -
80
Fixed Asset 42,081,680 47,162,250 51,912,214 847,994,620 61,101,265
- - - - - - 70
Total Assets 62,725,242 67,744,797 72,753,282 87,277,780 83,694,707 60
Trade Payable 8,042,098 7,378,931 10,637,997 11,337,283 9,500,829 50
Curr. Maturities - Bank Loans 4,076,202 727,795 877,461 5,342,445 2,924,654 40

- - - - - - 30
Curr. Maturities - Sukuk 1,075,440 398,417 676,650 148,869 - 20
Long-term Bonds Payable 992,449 544,526 354,069 1,715,691 1,676,101 2019 2020 2021 2022 2023
Long-term Sukuk 2,088,832 1,692,167 1,016,533 2,360,826 1,963,291
Common Stocks 1,068,796 1,070,601 1,072,467 1,312,843 1,312,843
Par Value 100 100 100 100 100
19,122 19,137
Total Equity 19,121,966 19,137,366 20,088,745 25,774,226 25,875,773
Revenues 25,132,628 26,009,095 26,754,050 29,141,994 15,764,527
- - - - - -
Operating Profit/Loss -1,914,297 -1,560,744 -1,536,159 -2,876,477 -1,536,536
EBT 1,144,117 146,211 1,707,540 1,353,030 803,333
Tax -431,538 225,387 -419,733 -231,842 -145,809
2019 2020 2021 2022 2023
Profit/Loss for the period 712,579 371,598 1,287,807 1,121,188 657,524
Profit/Loss Period Attributable 712,579 371,598 1,287,807 1,109,440 650,680
Comprehensive Income 725,857 345,176 1,303,500 1,171,670 650,570 Total Revenue (Bill. Rp)
26,009 26,754
Net Cash - Financing -3,090,754 -7,090,575 -5,333,962 -91,372 -7,243,428
Net Increase/Decrease in C&CE 573,860 1,360,963 -301,668 2,517,659 -3,640,563 15,765
C&CE, end of period 1,603,445 2,965,589 2,664,387 5,184,113 1,540,618
Current Ratio (%) 0.34 0.40 0.37 0.39 0.25
DAR (x) 0.70 0.72 0.72 0.70 0.69
DER (x) 2.28 2.54 2.62 2.39 2.23
EPS (IDR) -248.29 213.82 -64.06 100.46 89.21 2019 2020 2021 2022 2023
PER (x) -12.69 12.77 -49.49 21.30 21.91
PBV (x) 1.11 1.76 1.46 1.53 1.09
ROA (%) 1.14 0.55 1.77 1.28 0.79 1,288
ROE (%) 3.73 1.94 6.41 4.35 2.54 1,121
GPM (%) 0.00 0.00 0.00 0.00 0.00
OPM (%) -7.62 -6.00 -5.74 -9.87 -9.75
NPM (%) 2.84 1.43 4.81 3.85 4.17 713
658
DPS (IDR) 0.00 20.00 31.70 51.00 42.00
DPR (%) 0.00 9.35 n.a. 50.77 47.08
Dividend Yield (%) 0.00 0.63 1.16 1.61 1.96 372
2019 2020 2021 2022 2023

GGRM
Gudang Garam Tbk.
GGRM Gudang Garam Tbk.

Date: 31 Jul 2023 v2.0.0

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

Domestic 10,203.8 11,076.4
59% Institution 24.79% 17.56%
72%
Foreign 7,066.7 4,890.6 D Consumer Non-Cyclicals D31 Tobacco
41% Individual 3.28% 0.85%
28%
Others 22.60% 19.46% D3 Tobacco D311 Tobacco
Year 2022 YTD 2023
Total 17,270.6 15,967.0
Fundamental & ESG
YTD 2023
10.51x 0.91x 41.77 Severe
D 3,863.6 1,861.9 5,725.6
-343.3 -374.7
Buy

GGRM Sector PER Market PER
F 1,590.9 1,770.9 3,361.7 Domestic Buy". 19.45x 13.54x

2023 F - Rp1200.00 10-Jul-23 11-Jul-23 18-Jul-23 1996 SS 03-Jun-96 19,000 2:1 9,500 0.500
2022 F - Rp2250.00 11-Jul-22 12-Jul-22 28-Jul-22 1996 BS 26-Apr-96 32,775 1:1 16,400 0.500
2021 F - Rp2600.00 19-Jul-21 21-Jul-21 29-Jul-21 - - - - - - -
2021 F - Rp2600.00 19-Jul-21 21-Jul-21 29-Jul-21 - - - - - - -
2019 F - Rp2600.00 05-Jul-19 08-Jul-19 25-Jul-19 - - - - - - -
Industry Peers
1. GGRM Gudang Garam Tbk. 53,730.16 06/30/23 84,857,506 58,835,278 26,022,228 55,851,079 3,288,218
2. HMSP H.M. Sampoerna Tbk. 105,849.45 06/30/23 48,557,727 25,526,654 23,031,073 56,154,626 3,750,044
3. RMBA Bentoel Internasional 11,138.75 06/30/23 9,333,078 6,775,588 2,557,490 4,310,109 40,703
4. WIIM Wismilak Inti Makmur Tbk. 3,958.26 06/30/23 2,377,152 1,594,104 783,048 2,380,069 247,098
5. ITIC Indonesian Tobacco Tbk. 278.45 06/30/23 543,209 370,498 172,711 142,887 10,787
1. GGRM Gudang Garam Tbk. 10.51 0.91 3.87 12.64 0.69 2.26
2. HMSP H.M. Sampoerna Tbk. 15.07 4.15 7.72 16.28 0.53 1.11
3. RMBA Bentoel Internasional Investama 11.40 1.64 0.44 1.59 0.73 2.65
4. WIIM Wismilak Inti Makmur Tbk. 9.56 2.48 10.39 31.56 0.67 2.04
5. ITIC Indonesian Tobacco Tbk. 10.71 0.75 1.99 6.25 0.68 2.15


Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 GGRM*
0.27%
IHSG
-0.28%
LQ45
-1.33%
Sector**
Highest 26,625 24,400 25,475 23,275 19,425 22,275 27,200 26,775 28,450 29,800 28,725 29,000
Lowest 23,725 22,300 22,100 19,950 18,000 16,600 23,300 23,900 24,300 27,000 27,400 27,300
Close 23,725 22,925 24,100 19,950 18,000 22,100 25,000 26,000 28,450 27,000 27,625 27,925
Adj. Close* 23,725 22,925 24,100 19,950 18,000 22,100 25,000 26,000 28,450 27,000 27,625 27,925
Growth (%) -3.37% 5.13% -17.22% -9.77% 22.78% 13.12% 4.00% 9.42% -5.10% 2.31% 1.09%
Volume (mill.) 31.76 25.65 25.57 55.98 47.29 42.07 55.59 40.22 30.35 54.95 37.07 46.53
Value (bill.) 807.48 605.95 605.01 1,167.04 894.43 850.39 1,422.21 1,022.79 801.32 1,545.12 1,039.39 1,302.28
Frequency (th.) 51.84 42.55 44.59 58.32 59.96 68.96 93.70 67.25 48.66 73.77 60.52 64.32
Days 22 22 21 22 22 21 20 21 14 21 17 20
Price (IDR) 2018 2019 2020 2021 2022 Industry: Tobacco

Lowest 66,525 49,225 32,900 30,200 18,000
Close 83,625 53,000 41,000 30,600 18,000 1. GGRM 21.4% 55.1% 0.3% -44.1% -62.8%
Adj. Close* 83,625 53,000 41,000 30,600 18,000 2. HMSP -6.7% 8.3% -2.2% -46.6% -76.3%
Growth (%) -36.62% -22.64% -25.37% -41.18% 3. RMBA 0.0% 0.0% 0.0% 29.7% -0.6%
4. WIIM 127.1% 199.2% 252.3% 489.1% 797.6%
Shares Traded 2018 2019 2020 2021 2022 5. ITIC 7.2% 13.0% -1.3% -65.0% n.a.
Volume 244 426 437 345 334
Value 18,412 29,563 20,257 12,809 8,635 Note:
Frequency 599 974 942 689 560 Base date: 6M = Jan 31, 2023; YTD = Dec 30, 2022; 1Y = Jul 29, 2022; 3Y = Jul 30, 2020; 5Y = Jul 31, 2018;
Index Membership
No. Index Code

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


Date: 31 Jul 2023 v2.0.0

100
Current Assets 52,081,133 49,537,929 59,312,578 55,445,127 50,690,966
90
- - - - - -
80
Fixed Asset 25,373,983 27,678,244 29,823,806 32,426,439 33,405,900
- - - - - - 70
Total Assets 78,647,274 78,191,409 89,964,369 88,562,617 84,857,506 60
Trade Payable 1,297,463 1,123,703 1,002,233 1,308,958 1,830,951 50
Curr. Maturities - Bank Loans 20,000 20,000 32,000 23,077 - 40

- - - - - - 30
- - - - - - 20
Long-term Bank Loans 176,667 156,667 122,667 65,385 - -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 962,044 962,044 962,044 962,044 962,044 59,288
58,522 58,835
Par Value 500 500 500 500 500
Total Equity 50,930,758 58,522,468 59,288,274 57,855,966 58,835,278
Revenues 110,523,819 114,477,311 124,881,266 124,682,692 55,851,079 50,931
Gross Profit - - - 11,095,603 7,933,321
Operating Profit/Loss -7,993,256 -7,581,497 -7,159,938 3,770,628 4,361,826
EBT 14,487,736 9,663,133 7,286,846 3,646,521 4,211,780
Tax -3,607,032 -2,015,404 -1,681,525 -866,779 -923,562
2019 2020 2021 2022 2023
124,881 124,683
114,477
Net Cash - Financing -4,605,962 -11,119,999 -1,474,629 -4,595,403 1,211,538
Net Increase/Decrease in C&CE 1,850,163 1,309,448 -993,629 -77,276 55,141
55,851
C&CE, end of period 3,571,886 4,774,272 4,169,740 4,407,033 4,697,434
Current Ratio (%) 2.06 2.91 2.09 1.90 2.10
DAR (x) 0.35 0.25 0.34 0.35 0.31
DER (x) 0.54 0.34 0.52 0.53 0.44
EPS (IDR) 4,819.90 4,825.49 3,188.56 1,542.72 1,905.49 2019 2020 2021 2022 2023
PER (x) 11.00 8.50 9.60 11.67 14.50
PBV (x) 3.16 1.74 1.33 1.02 0.59
ROA (%) 13.83 9.78 6.23 3.14 3.87 10,881
ROE (%) 21.36 13.07 9.45 4.80 5.59
GPM (%) 0.00 0.00 0.00 8.90 14.20
OPM (%) -7.23 -6.62 -5.73 3.02 7.81 7,648
NPM (%) 9.84 6.68 4.49 2.23 5.89
DPS (IDR) 2,600.00 0.00 5,200.00 2,250.00 1,200.00 5,605
DPR (%) 53.94 0.00 163.08 145.85 62.98

3,288
Dividend Yield (%) 3.11 0.00 12.68 7.35 6.67 2,780
2019 2020 2021 2022 2023

GOTO
GOTO Gojek Tokopedia Tbk
GOTO GOTO Gojek Tokopedia Tbk

Date: 31 Jul 2023 v2.0.0

PT GOTO Gojek Tokopedia Tbk has a main business field of Parent companies Established Listing Date IPO Price (IDR) IPO Lead Underwriter
and digital platform providers that integrate on-demand services, e-commerce 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 Sugito Walujo and Agus D.W. Martowardojo. The Stock Overview
largest shareholder of the company is Public (<5%) (63.04%). The percentage of
public shareholding (<5%) is 66.47%. The company has 17 subsidiaries. One of Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
For more information click here: #N/A 133,833,124,033,726 100,601,826,523,659
https://www.idx.co.id/en/listed-companies/company-profiles/GOTO
Trading by Investor Types 1,184,363,929,502 1.33% 3.50%

Domestic 175,872.8 66,720.8
51% Institution 22.40% 15.14%
49% Individual 2.91% 0.75%
Year 2022 YTD 2023
Total 197,693.4 138,285.9
Fundamental & ESG
YTD 2023
-3.62x 1.11x 21.12 Medium
D 18,732.9 13,805.2 32,538.1
-1,587.9 1,644.6
Buy

GOTO Sector PER Market PER
F 6,778.6 3,337.8 10,116.4 Domestic Buy". 33.19x 13.54x

- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
Industry Peers
1. GOTO GOTO Gojek Tokopedia Tbk 133,833.12 06/30/23 133,210,975 117,320,854 15,890,121 6,883,626 -7,212,229
1. GOTO GOTO Gojek Tokopedia Tbk -3.62 1.11 -5.41 -45.39 0.88 7.38


Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 GOTO*
-61.82%
IHSG
-0.28%
LQ45
-1.33%
Sector**
Highest 334 290 246 222 141 119 125 130 110 147 127 118
Lowest 280 242 186 151 82 92 105 108 91 100 110 106
Close 302 246 186 151 91 113 118 109 104 147 110 113
Adj. Close* 302 246 186 151 91 113 118 109 104 147 110 113
Growth (%) -18.54% -24.39% -18.82% -39.74% 24.18% 4.42% -7.63% -4.59% 41.35% -25.17% 2.73%
Volume (mill.) 14,629.54 18,455.34 17,698.86 24,519.26 ######## 70,139.27 84,395.72 99,486.47 52,407.41 ######## 74,612.22 46,407.78
Value (bill.) 4,516.25 4,932.44 3,732.38 4,707.29 13,570.53 7,394.75 9,733.53 11,643.57 4,940.56 20,674.03 8,666.43 6,090.06
Frequency (th.) 444.51 545.51 508.92 601.98 736.06 561.27 600.02 543.64 398.09 596.17 423.21 301.98
Days 22 22 21 22 22 21 20 21 14 21 17 20
Highest 0 0 0 0 404 No. Code 6M YTD 1Y 3Y 5Y
Lowest 0 0 0 0 82
Close - - - - 91 1. GOTO 0.9% 24.2% -61.8% n.a. n.a.
Adj. Close* - - - - 91 2. BELI -1.3% -3.4% n.a. n.a. n.a.
Growth (%) - - - - 3. EMTK -39.8% -36.9% -65.3% 44.4% -27.0%
4. BUKA -25.5% -17.6% -26.5% n.a. n.a.
Shares Traded 2018 2019 2020 2021 2022 5. MCAS 11.6% 1.6% -29.3% 282.6% 173.5%
Volume - - - - 419,270
Value - - - - 98,847 Note:
Frequency - - - - 5,938 Base date: 6M = Jan 31, 2023; YTD = Dec 30, 2022; 1Y = Jul 29, 2022; 3Y = Jul 30, 2020; 5Y = Jul 31, 2018;
Days - - - - 179 *Adjusted price refers to the close price after adjustments for any applicable corporate actions.
Index Membership
No. Index Code

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


Date: 31 Jul 2023 v2.0.0

Cash & Cash Equivalents - - 31,150,908 29,009,177 25,437,470
Trade receivables - - 506,941 627,292 752,312 Total Asset & Liabilities (Bill. Rp)
Inventories - - 34,497 71,243 93,632 Asset Liabilities
180
Current Assets - - 36,063,697 34,180,478 30,378,668
- - - - - - 160
Fixed Asset - - 1,470,250 1,457,341 1,301,107 140

- - - - - - 120
Total Assets - - 155,137,033 139,216,570 133,210,975 100
Trade Payable - - 867,383 1,232,313 1,582,140
80
Curr. Maturities - Bank Loans - - 1,409,607 413,259 410,448
60
- - - - - -
- - - - - - 40
Current Liabilities - - 12,293,693 12,162,456 11,993,763 20

Long-term Bank Loans - - - 1,102,048 887,705 -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Total Liabilities - - 16,112,589 16,493,226 15,890,121
Common Stocks - - 1,143,749 1,184,364 1,184,364
Paid up Capital (Shares) - - 1,143,749 1,184,364 1,184,364 139,024
Par value **
A, B, C, D, G, K,A,
& B,
N 50.000;
C, D, G,E,K,H,
A,
& L,
B,
N& 50.000;
-C,OD,
1.000;
G,E,K,H,
F,
& L,
I,NJ,
&50.000;
- M,
O 1.000;
& PE,
500.002
H,
F, L,
I, J,
& M,
O 1.000;
& P 500.000F, I, J, M, & P 500.000 122,723
117,321
Retained earnings - - -79,129,324 -118,480,548 -125,639,667
Total Equity - - 139,024,444 122,723,344 117,320,854
Revenues - - 4,535,764 11,349,167 6,883,626
Gross Profit - - 760,045 5,869,197 4,308,553
Operating Profit/Loss - - -22,384,656 -30,329,628 -6,109,239
Interest & Finance Costs - - -263,732 232,863 165,832
EBT - - -22,211,302 -40,544,556 -7,456,627 - -
Tax - - -217,940 136,064 244,398
2019 2020 2021 2022 2023
Profit/Loss for the period - - -22,429,242 -40,408,492 -7,212,229
Profit/Loss Period Attributable - - -21,390,932 -39,571,161 -7,161,506
Comprehensive Income - - -22,531,192 -40,266,275 -7,264,337 Total Revenue (Bill. Rp)
Comprehensive Attributable - - -21,494,265 -39,406,754 -7,266,020 11,349
Net Cash - Operating - - -14,691,398 -17,206,303 -3,108,034
Net Cash - Investing - - -91,250,751 1,134,276 25,958
6,884
Net Cash - Financing - - 121,530,628 13,374,290 -219,003
Net Increase/Decrease in C&CE - - 15,588,479 -2,697,737 -3,301,079
4,536
C&CE, end of period - - 31,150,908 29,009,177 25,437,470
Current Ratio (%) n.a. n.a. 2.93 2.81 2.53
DAR (x) n.a. n.a. 0.10 0.12 0.12 - -
DER (x) n.a. n.a. 0.12 0.13 0.14
EPS (IDR) n.a. n.a. n.a. -25.44 -31.21 2019 2020 2021 2022 2023
PER (x) n.a. n.a. 0.00 -3.58 -3.52
BV (IDR) n.a. n.a. n.a. 104 99 Profit/Loss for the Period (Bill. Rp)
PBV (x) n.a. n.a. n.a. n.a. 0.92 - -
ROA (%) n.a. n.a. -14.46 -29.03 -5.41
ROE (%) n.a. n.a. -16.13 -32.93 -6.15
GPM (%) n.a. n.a. 16.76 51.71 62.59
-7,212
OPM (%) n.a. n.a. -493.51 -267.24 -88.75
NPM (%) n.a. n.a. -494.50 -356.05 -104.77
DPS (IDR) 0.00 0.00 0.00 0.00 0.00
DPR (%) n.a. n.a. n.a. 0.00 0.00 -22,429
Dividend Yield (%) n.a. n.a. n.a. n.a. 0.00
No. of Listed Shares, million n.a n.a n.a 1,184,364 1,184,364
-40,408
Market Capitalization, billion IDR n.a n.a n.a 107,777 130,280
2019 2020 2021 2022 2023
** Par value: (i) Rp50.000 (A, B, C, D, G, K, & N series); (ii) Rp1.000 (E, H, L, & O series); (iii) Rp500.000 (F, I, J, M, & P series)

HRUM
Harum Energy Tbk.
HRUM Harum Energy Tbk.

Date: 31 Jul 2023 v2.0.0

PT Harum Energy Tbk. has a main business field of Operate and invest in coal Established Listing Date IPO Price (IDR) IPO Lead Underwriter
mining, trade and services through a subsidiary. The company's President 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
has 9 subsidiaries. One of the biggest subsidiaries is PT Mahakam Sumber Jaya.
https://www.idx.co.id/en/listed-companies/company-profiles/HRUM

Domestic 60,341.2 6,066.4
Year 2022 YTD 2023
Total 71,194.2 7,205.3
Fundamental & ESG
YTD 2023
4.20x 1.33x 44.69 Severe
D 2,557.2 386.9 2,944.1
370.0 178.3
Total 3,122.4 480.3 3,602.6 0x 5x 10x 15x 20x 25x 30x 35x 40x 45x 50x 55x
Buy

HRUM Sector PER Market PER
F 4,562.8 1,048.7 5,611.4 Domestic Buy". 7.08x 13.54x

2023 I - Rp75.10 14-Dec-22 15-Dec-22 03-Jan-23 2022 SS 02-Jun-22 11,875 5:1 2,380 0.200
2022 F - Rp15.02 15-Jun-22 16-Jun-22 28-Jun-22 - - - - - - -
2021 F - Rp39.58 17-Jun-21 18-Jun-21 09-Jul-21 - - - - - - -
2019 F - Rp38.96 27-May-19 28-May-19 19-Jun-19 - - - - - - -
2018 F - Rp248.58 04-Jun-18 06-Jun-18 22-Jun-18 - - - - - - -
Industry Peers
1. HRUM Harum Energy Tbk. 22,440.05 06/30/23 20,505,706 17,743,827 2,761,879 7,383,730 2,797,448
2. PTBA Bukit Asam Tbk. 31,912.23 06/30/23 46,287,550 18,466,305 27,821,245 18,858,578 2,885,237
3. ITMG Indo Tambangraya Megah 30,733.96 06/30/23 33,406,035 26,942,220 6,463,815 19,487,835 4,600,620
4. MCOL Prima Andalan Mandiri Tbk. 18,311.13 06/30/23 10,685,791 8,250,384 2,435,407 7,261,985 2,106,758
5. INDY Indika Energy Tbk. 10,290.13 06/30/23 45,941,057 20,199,820 25,741,237 25,098,276 1,632,924
1. HRUM Harum Energy Tbk. 4.20 1.33 13.64 101.29 0.87 6.42
2. PTBA Bukit Asam Tbk. 2.79 1.07 6.23 10.37 0.40 0.66
3. ITMG Indo Tambangraya Megah Tbk. 1.67 1.23 13.77 71.17 0.81 4.17
4. MCOL Prima Andalan Mandiri Tbk. 3.85 2.22 19.72 86.51 0.77 3.39
5. INDY Indika Energy Tbk. 1.50 0.50 3.55 6.34 0.44 0.78


Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 HRUM*
-10.03%
IHSG
-0.28%
LQ45
-1.33%
Sector**
Highest 1,945 2,000 1,835 1,755 1,795 1,755 1,745 1,690 1,585 1,470 1,505 1,705
Lowest 1,580 1,685 1,565 1,505 1,605 1,520 1,575 1,390 1,485 1,250 1,385 1,490
Close 1,700 1,780 1,610 1,755 1,620 1,695 1,630 1,460 1,510 1,410 1,420 1,660
Adj. Close* 1,700 1,780 1,610 1,755 1,620 1,695 1,630 1,460 1,510 1,410 1,420 1,660
Growth (%) 4.71% -9.55% 9.01% -7.69% 4.63% -3.83% -10.43% 3.42% -6.62% 0.71% 16.90%
Volume (mill.) 1,480.79 1,980.67 695.76 933.69 452.80 428.42 379.31 332.30 217.86 353.76 245.49 372.97
Value (bill.) 2,599.12 3,694.43 1,183.07 1,527.87 783.92 710.52 620.90 516.30 337.33 471.49 353.62 592.46
Frequency (th.) 250.65 294.06 124.11 145.84 85.98 79.76 72.72 67.84 45.45 72.37 45.23 79.71
Days 22 22 21 22 22 21 20 21 14 21 17 20
Lowest 1,365 1,255 1,080 2,960 1,360
Close 1,400 1,320 2,980 10,325 1,620 1. HRUM -4.0% 2.5% -10.0% 603.4% 186.2%
Adj. Close* 280 264 596 2,065 324 2. PTBA -18.5% -24.9% -35.6% 36.5% -38.2%
Growth (%) -5.71% 125.76% 246.48% -84.31% 3. ITMG -24.9% -30.3% -31.3% 244.3% -4.5%
4. MCOL -22.3% -26.2% -27.0% n.a. n.a.
Shares Traded 2018 2019 2020 2021 2022 5. INDY -18.0% -27.7% -26.0% 101.5% -45.1%
Volume 1,121 755 737 2,450 11,408
Value 2,979 1,149 1,620 17,192 35,597 Note:
Index Membership

2. IDX30 12. KOMPAS100 22. 32.
3. IDX80 13. LQ45 23. 33.
4. IDXENERGY 14. MBX 24. 34.
5. IDXQ30 15. MNC36 25. 35.
6. IDXSMC-COM 16. PEFINDO25 26. 36.
7. IDXSMC-LIQ 17. 27. 37.
8. IDXV30 18. 28. 38.
9. ISSI 19. 29. 39.
10. JII 20. 30. 40.


Date: 31 Jul 2023 v2.0.0

Trade receivables 316,596 126,711 323,708 1,080,237 578,491 Total Asset & Liabilities (Bill. Rp)
25
Current Assets 4,021,597 3,518,574 3,533,173 8,096,771 7,700,327
- - - - - -
20
Fixed Asset 1,044,602 951,005 838,263 808,558 733,902
- - - - - -
Total Assets 6,233,442 7,034,195 12,479,976 19,939,141 20,505,706 15
Trade Payable 251,816 70,853 247,398 325,309 671,142

Curr. Maturities - Bank Loans - - 237,722 - - 10
- - - - - -
- - - - - - 5
Current Liabilities 436,068 349,262 1,149,761 3,519,398 1,841,762
Long-term Bank Loans - - 1,177,942 - - -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Total Liabilities 661,250 619,288 3,195,555 4,467,628 2,761,879
Common Stocks 402,692 407,312 412,048 450,253 433,157
Par Value 100 100 100 20 20 15,472

Total Equity 5,572,192 6,414,906 9,284,421 15,471,513 17,743,827
Income Statements Dec 2019 Dec 2020 Dec 2021 Dec 2022 Jun 2023 9,284
Revenues 3,661,827 2,226,038 4,796,888 14,101,994 7,383,730
6,415
Gross Profit 941,694 609,859 2,492,144 8,442,992 3,800,398 5,572
Operating Profit/Loss 331,398 86,765 1,886,645 6,863,426 3,159,020
EBT 357,381 905,138 1,819,889 7,445,916 3,504,829
Tax -76,771 -54,714 -415,054 -1,524,509 -707,381
2019 2020 2021 2022 2023
Profit/Loss for the period 280,610 850,423 1,402,451 5,921,407 2,797,448
Comprehensive Attributable 265,231 832,436 1,066,221 4,698,140 2,270,388
14,102
Net Cash - Operating 329,127 673,438 1,847,978 6,214,833 2,644,007
Net Cash - Investing -61,791 -825,609 -3,927,244 -1,608,895 -1,546,063
Net Cash - Financing -126,754 -64,940 1,197,787 -1,157,238 -1,293,726
Net Increase/Decrease in C&CE 140,582 -217,111 -881,480 3,448,700 -195,783 7,384
C&CE, end of period 3,158,866 2,977,998 2,131,144 5,777,440 5,362,299

4,797
Ratios Dec 2019 Dec 2020 Dec 2021 Dec 2022 Jun 2023 3,662
Current Ratio (%) 9.22 10.07 3.07 2.30 4.18 2,226
DAR (x) 0.11 0.09 0.26 0.22 0.13

DER (x) 0.12 0.10 0.34 0.29 0.16
EPS (IDR) 129.70 153.33 364.65 306.03 395.51 2019 2020 2021 2022 2023
PER (x) 10.18 19.43 28.32 5.29 3.59
PBV (x) 0.68 0.56 0.87 9.02 1.23
ROA (%) 4.50 12.09 11.24 29.70 13.64
ROE (%) 5.04 13.26 15.11 38.27 15.77 5,921
GPM (%) 25.72 27.40 51.95 59.87 51.47

OPM (%) 9.05 3.90 39.33 48.67 42.78
NPM (%) 7.66 38.20 29.24 41.99 37.89
DPS (IDR) 38.96 0.00 39.58 15.02 75.10
2,797
DPR (%) 30.04 0.00 10.85 4.91 18.99
Dividend Yield (%) 2.78 0.00 1.33 0.15 4.64
1,402
Miscellaneous Dec 2019 Dec 2020 Dec 2021 Dec 2022 Jun 2023 850
281
2019 2020 2021 2022 2023

ICBP
Indofood CBP Sukses Makmur Tbk.
ICBP Indofood CBP Sukses Makmur Tbk.

Date: 31 Jul 2023 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
dan Entitas Anak. Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
https://www.idx.co.id/en/listed-companies/company-profiles/ICBP

Domestic 21,369.8 12,005.3
63% 57% Institution 50.71% 63.00%
Foreign 14,100.6 10,335.6 D Consumer Non-Cyclicals D22 Processed Foods
37% 43% Individual 0.31% 0.03%
Others 23.00% 22.13% D2 Food & Beverage D222 Processed Foods
Year 2022 YTD 2023
Total 35,470.3 22,340.9
Fundamental & ESG
YTD 2023
19.79x 2.14x 42.99 Severe
D 3,148.4 1,541.5 4,689.9
2,107.2 2,625.6
Buy

ICBP Sector PER Market PER
F 4,946.7 3,157.2 8,103.9 Domestic Buy". 19.45x 13.54x

2023 F - Rp188.00 07-Jul-23 10-Jul-23 25-Jul-23 2016 SS 27-Jul-16 17,900 2:1 8,950 0.500
2022 F - Rp215.00 02-Aug-22 03-Aug-22 23-Aug-22 - - - - - - -
2021 F - Rp215.00 07-Sep-21 08-Sep-21 28-Sep-21 - - - - - - -
2020 F - Rp215.00 24-Jul-20 27-Jul-20 12-Aug-20 - - - - - - -
2019 F - Rp137.00 17-Jun-19 18-Jun-19 04-Jul-19 - - - - - - -
Industry Peers
1. ICBP Indofood CBP Sukses 130,613.37 06/30/23 119,933,338 60,839,563 59,093,775 34,478,639 6,458,611
2. INDF Indofood Sukses Makmur 64,316.62 06/30/23 188,505,439 97,169,207 91,336,232 56,086,595 7,476,161
3. MYOR Mayora Indah Tbk. 54,108.05 06/30/23 23,656,342 13,286,967 10,369,375 14,819,148 1,240,993
4. PANI Pratama Abadi Nusa Industri 22,933.35 06/30/23 16,698,153 7,968,766 8,729,386 1,242,102 547,991
5. STTP Siantar Top Tbk. 21,123.75 06/30/23 4,917,732 4,336,256 581,476 2,340,017 402,406
1. ICBP Indofood CBP Sukses Makmur Tbk. 19.79 2.14 5.39 10.93 0.51 1.03
2. INDF Indofood Sukses Makmur Tbk. 8.19 0.66 3.97 8.19 0.52 1.06
3. MYOR Mayora Indah Tbk. 21.58 4.07 5.25 11.97 0.56 1.28
4. PANI Pratama Abadi Nusa Industri Tbk. 72.30 2.92 3.28 6.28 0.48 0.91
5. STTP Siantar Top Tbk. 30.13 5.07 8.18 69.20 0.88 7.46


Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 ICBP*
26.91%
IHSG
-0.28%
LQ45
-1.33%
Sector**
Highest 8,975 9,075 9,825 10,100 10,425 10,525 10,475 10,100 10,575 11,700 11,550 11,775
Lowest 8,300 8,450 8,525 9,500 10,000 10,000 10,050 9,325 9,975 10,400 11,175 11,175
Close 8,300 8,650 9,725 10,100 10,000 10,100 10,125 9,975 10,575 11,700 11,325 11,200
Adj. Close* 8,300 8,650 9,725 10,100 10,000 10,100 10,125 9,975 10,575 11,700 11,325 11,200
Growth (%) 4.22% 12.43% 3.86% -0.99% 1.00% 0.25% -1.48% 6.02% 10.64% -3.21% -1.10%
Volume (mill.) 201.79 183.69 174.29 140.52 114.30 126.49 77.62 139.05 80.40 281.96 174.57 157.03
Value (bill.) 1,745.43 1,596.14 1,614.70 1,369.97 1,164.48 1,295.52 797.86 1,367.07 817.22 3,115.58 1,973.11 1,804.09
Frequency (th.) 85.67 80.37 78.48 59.17 58.50 62.19 46.32 77.50 38.73 70.35 53.82 71.51
Days 22 22 21 22 22 21 20 21 14 21 17 20
Price (IDR) 2018 2019 2020 2021 2022 Industry: Processed Foods
Lowest 8,000 8,975 8,150 7,750 7,100
Close 10,450 11,150 9,575 8,700 10,000 1. ICBP 10.9% 12.0% 26.9% 21.7% 28.4%
Adj. Close* 10,450 11,150 9,575 8,700 10,000 2. INDF 8.9% 8.9% 7.7% 13.6% 15.4%
Growth (%) 6.70% -14.13% -9.14% 14.94% 3. MYOR 2.1% -3.2% 37.5% 3.0% -21.7%
4. PANI 59.9% 78.4% 113.5% 41033.8% n.a.
Shares Traded 2018 2019 2020 2021 2022 5. STTP 132.0% 110.8% 101.6% 102.8% 324.3%
Volume 1,255 1,642 2,539 1,749 2,048
Value 11,168 17,379 24,543 15,359 17,735 Note:
Frequency 404 629 1,427 1,142 992 Base date: 6M = Jan 31, 2023; YTD = Dec 30, 2022; 1Y = Jul 29, 2022; 3Y = Jul 30, 2020; 5Y = Jul 31, 2018;
Index Membership

1. BISNIS-27 11. ISSI 21. 31.
5. IDX80 15. LQ45 25. 35.
6. IDXG30 16. MBX 26. 36.
7. IDXLQ45LCL 17. MNC36 27. 37.
8. IDXNONCYC 18. SRI-KEHATI 28. 38.
10. Investor33 20. 30. 40.


Date: 31 Jul 2023 v2.0.0

140
Current Assets 16,624,925 20,716,223 33,997,637 31,070,365 35,014,639
- - - - - - 120
Fixed Asset 11,342,412 13,351,296 14,175,833 14,520,941 14,346,169
100
- - - - - -
Total Assets 38,709,314 103,588,325 118,066,628 115,305,536 119,933,338 80
Trade Payable 2,635,433 3,045,111 3,585,935 3,702,979 4,008,953
60
- - - - - - 40
- - - - - -

Long-term Bonds Payable - - 38,951,532 42,967,686 41,048,940 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 583,095 583,095 583,095 583,095 583,095
57,473
Par Value 50 50 50 50 50 54,724
50,318
Total Equity 26,671,104 50,318,053 54,723,863 57,473,007 60,839,563
Revenues 42,296,703 46,641,048 56,803,733 64,797,516 34,478,639 26,671
Gross Profit 14,404,013 17,224,375 20,277,240 21,792,286 12,530,314

Interest & Finance Costs -161,444 -670,545 -1,965,784 6,184,961 989,313
EBT 7,436,972 9,958,647 9,935,232 7,525,385 8,363,133
Tax -2,076,943 -2,540,073 -2,034,950 -1,803,191 -1,904,522
2019 2020 2021 2022 2023
64,798
46,641
Net Cash - Investing -2,399,814 -34,957,389 -3,100,274 -1,505,635 -1,545,795 42,297
Net Cash - Financing -1,266,076 26,758,085 5,905,745 -12,826,259 -1,070,784
34,479
Net Increase/Decrease in C&CE 3,732,271 1,137,476 10,794,510 -5,527,400 1,762,474
C&CE, end of period 8,359,164 9,535,418 20,377,977 15,741,068 17,030,785
Current Ratio (%) 2.54 2.26 1.80 3.10 2.61
DAR (x) 0.31 0.51 0.54 0.50 0.49
DER (x) 0.45 1.06 1.16 1.01 0.97
EPS (IDR) 426.73 438.69 651.15 471.56 566.01 2019 2020 2021 2022 2023
PER (x) 26.13 21.83 13.36 21.21 20.01
PBV (x) 4.57 2.58 2.04 1.77 1.92
ROA (%) 13.85 7.16 6.69 4.96 5.39
7,900
ROE (%) 20.10 14.74 14.44 9.96 10.62 7,419
GPM (%) 34.05 36.93 35.70 33.63 36.34 6,459
OPM (%) 17.21 19.55 20.31 19.16 21.87 5,722
5,360
NPM (%) 12.67 15.91 13.91 8.83 18.73
DPS (IDR) 137.00 215.00 215.00 215.00 188.00
DPR (%) 32.10 49.01 33.02 45.59 33.21
Dividend Yield (%) 1.31 1.93 2.25 2.47 1.88
2019 2020 2021 2022 2023

INCO
Vale Indonesia Tbk.
INCO Vale Indonesia Tbk.

Date: 31 Jul 2023 v2.0.0

PT Vale Indonesia Tbk. has a main business field of Nickel ore mining. The Established Listing Date IPO Price (IDR) IPO Lead Underwriter
company's President Director and President Commisioner are Febriany Eddy and PT Danareksa
Deshnee Naidoo. 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%. The
company has 2 subsidiaries. One of the biggest subsidiaries is -. Stock Overview
https://www.idx.co.id/en/listed-companies/company-profiles/INCO

Domestic 47,024.9 33,961.6
59% Institution 32.96% 45.54%
41% Individual 1.21% 1.85%
Others 18.70% 20.63% B1 Basic Materials B146 Diversified Metals & Minerals
Year 2022 YTD 2023
Total 80,225.1 40,154.7
Fundamental & ESG
YTD 2023
20.01x 1.85x 34.38 High
D 15,321.2 1,581.9 16,903.1
1,899.8 155.5
Buy

INCO Sector PER Market PER
F 9,571.4 7,978.5 17,550.0 Domestic Buy". 12.01x 13.54x

2023 F - $0.00605 16-May-23 17-May-23 31-May-23 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. 7,000.89 06/30/23 12,803,889 6,680,218 6,123,671 4,569,211 16,275
5. NICL PAM Mineral Tbk. 2,510.01 06/30/23 769,919 676,785 93,134 476,086 64,726
4. TINS Timah Tbk. 14.28 0.99 0.13 0.27 0.52 1.09
5. NICL PAM Mineral Tbk. 13.71 4.39 8.41 69.50 0.88 7.27


Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 INCO*
12.70%
IHSG
-0.28%
LQ45
-1.33%
Sector**
Highest 7,000 6,750 6,900 7,425 7,425 7,600 7,575 6,925 6,975 7,075 6,600 6,875
Lowest 6,025 5,775 6,175 6,525 7,050 7,050 6,600 6,075 6,375 6,300 6,300 6,250
Close 6,100 6,400 6,500 7,375 7,100 7,325 6,825 6,650 6,975 6,300 6,300 6,875
Adj. Close* 6,100 6,400 6,500 7,375 7,100 7,325 6,825 6,650 6,975 6,300 6,300 6,875
Growth (%) 4.92% 1.56% 13.46% -3.73% 3.17% -6.83% -2.56% 4.89% -9.68% 0.00% 9.13%
Volume (mill.) 475.72 395.63 255.74 336.14 197.89 176.72 218.83 215.09 2,111.28 147.78 90.78 117.23
Value (bill.) 3,039.70 2,518.52 1,692.81 2,404.99 1,448.41 1,305.12 1,515.58 1,375.55 13,546.45 982.34 589.37 762.96
Frequency (th.) 150.78 145.95 93.51 108.75 64.02 87.73 93.89 78.20 50.94 61.86 46.48 55.85
Days 22 22 21 22 22 21 20 21 14 21 17 20
Price (IDR) 2018 2019 2020 2021 2022 Industry: Diversified Metals & Minerals
Lowest 2,750 2,470 1,440 4,150 4,250
Close 3,260 3,640 5,100 4,680 7,100 1. INCO -7.4% -3.2% 12.7% 101.0% 57.3%
Adj. Close* 3,260 3,640 5,100 4,680 7,100 2. ANTM -14.1% 0.0% 1.5% 171.9% 116.9%
Growth (%) 11.66% 40.11% -8.24% 51.71% 3. BRMS -7.1% 7.5% -26.9% 292.1% 201.6%
4. TINS -24.8% -19.7% -35.6% 23.7% 11.2%
Shares Traded 2018 2019 2020 2021 2022 5. NICL 12.4% 52.3% 153.8% n.a. n.a.
Volume 2,910 4,276 5,760 5,904 6,164
Value 10,068 14,815 19,070 31,341 40,113 Note:
Index Membership

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


Date: 31 Jul 2023 v2.0.0

Trade receivables 1,496,229 846,864 1,455,253 2,204,350 1,381,185 Total Asset & Liabilities (Bill. Rp)
45
Current Assets 8,204,025 9,816,685 11,937,103 15,432,993 16,041,090
- - - - - - 40
Fixed Asset 20,463,758 20,863,354 21,674,083 337,900,063 23,687,775 35

- - - - - - 30
Total Assets 30,995,384 32,648,251 35,284,783 41,445,345 42,134,130 25
Trade Payable 1,358,355 1,595,205 1,744,300 1,802,342 1,945,545
20
- - - - - -
15
- - - - - -
- - - - - - 10

- - - - - - -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 1,902,279 1,924,105 1,946,477 2,126,951 2,046,195
36,716 36,946
Par Value 25 25 25 25 25 30,742
27,077
Total Equity 27,076,909 28,497,573 30,742,004 36,715,730 36,946,350
Revenues 10,905,157 10,786,714 13,600,840 18,390,016 9,884,505
Gross Profit 1,623,951 1,754,366 3,358,409 4,889,137 3,307,125
EBT 1,243,002 1,476,018 3,148,384 4,300,570 3,183,450
Tax -442,559 -307,856 -782,626 -1,175,917 -655,710
2019 2020 2021 2022 2023
Profit/Loss for the period 800,443 1,168,162 2,365,757 3,124,652 2,527,740
Comprehensive Attributable 808,336 1,109,852 2,385,791 3,123,374 2,527,740
18,390
13,601
Net Cash - Financing -340,132 -23,640 -492,523 -23,045 -904,920 10,905 10,787
9,885
Net Increase/Decrease in C&CE -732,126 1,972,782 1,710,639 2,005,334 1,253,970
C&CE, end of period 3,472,793 5,482,360 7,253,318 9,885,983 10,798,215
Current Ratio (%) 4.31 4.33 4.97 5.65 5.29
DAR (x) 0.13 0.13 0.13 0.11 0.12
DER (x) 0.14 0.15 0.15 0.13 0.14
EPS (IDR) 5.84 195.39 179.69 319.03 364.67 2019 2020 2021 2022 2023
PER (x) 623.56 26.10 26.05 22.25 17.28
PBV (x) 1.20 1.27 1.65 1.27 1.91
ROA (%) 2.58 3.58 6.70 7.54 6.00
3,125
ROE (%) 2.96 4.10 7.70 8.51 6.84
GPM (%) 14.89 16.26 24.69 26.59 33.46 2,528
2,366
OPM (%) 13.14 15.30 24.25 24.91 31.80
NPM (%) 7.34 10.83 17.39 16.99 25.57
DPS (IDR) 0.00 0.00 47.65 0.00 0.00
DPR (%) 0.00 0.00 26.52 0.00 0.00 1,168
Dividend Yield (%) 0.00 0.00 0.93 0.00 0.00 800
2019 2020 2021 2022 2023

INDF
Indofood Sukses Makmur Tbk.
INDF Indofood Sukses Makmur Tbk.

Date: 31 Jul 2023 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 Velez Pangilinan. The largest shareholder of the
14 Aug 1990 14 Jul 1994 6,200
company is FIRST PACIFIC INVESTMENT MANAGEMENT LTD (50.07%). The
percentage of public shareholding (<5%) is 49.93%. The company has 19 Stock Overview
subsidiaries. One of the biggest subsidiaries is PT Indofood CBP Sukses
Makmur Tbk. Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
https://www.idx.co.id/en/listed-companies/company-profiles/INDF

Domestic 17,334.4 8,322.4
54% 54% Institution 42.77% 33.32%
Foreign 15,354.7 8,342.0 D Consumer Non-Cyclicals D22 Processed Foods
46% 46% Individual 1.69% 0.26%
Others 30.13% 28.29% D2 Food & Beverage D222 Processed Foods
Year 2022 YTD 2023
Total 32,689.1 16,664.4
Fundamental & ESG
YTD 2023
8.19x 0.66x 39.63 High
D 2,207.4 2,048.4 4,255.7
1,232.3 -189.0
Buy

INDF Sector PER Market PER
F 4,438.7 3,854.8 8,293.5 Domestic Buy". 19.45x 13.54x

2023 F - Rp257.00 07-Jul-23 10-Jul-23 26-Jul-23 2000 SS 29-Sep-00 4,025 5:1 810 0.200
2022 F - Rp278.00 02-Aug-22 03-Aug-22 24-Aug-22 1997 RI 08-Apr-97 5,050 5:1 4,775 0.942
2021 F - Rp278.00 07-Sep-21 08-Sep-21 29-Sep-21 1996 SS 12-Aug-96 10,000 2:1 5,000 0.500
2020 F - Rp278.00 24-Jul-20 27-Jul-20 14-Aug-20 - - - - - - -
2019 F - Rp171.00 17-Jun-19 18-Jun-19 08-Jul-19 - - - - - - -
Industry Peers
1. INDF Indofood Sukses Makmur 64,316.62 06/30/23 188,505,439 97,169,207 91,336,232 56,086,595 7,476,161
2. ICBP Indofood CBP Sukses 130,613.37 06/30/23 119,933,338 60,839,563 59,093,775 34,478,639 6,458,611
3. MYOR Mayora Indah Tbk. 54,108.05 06/30/23 23,656,342 13,286,967 10,369,375 14,819,148 1,240,993
4. PANI Pratama Abadi Nusa Industri 22,933.35 06/30/23 16,698,153 7,968,766 8,729,386 1,242,102 547,991
5. STTP Siantar Top Tbk. 21,123.75 06/30/23 4,917,732 4,336,256 581,476 2,340,017 402,406
1. INDF Indofood Sukses Makmur Tbk. 8.19 0.66 3.97 8.19 0.52 1.06
2. ICBP Indofood CBP Sukses Makmur Tbk. 19.79 2.14 5.39 10.93 0.51 1.03
3. MYOR Mayora Indah Tbk. 21.58 4.07 5.25 11.97 0.56 1.28
4. PANI Pratama Abadi Nusa Industri Tbk. 72.30 2.92 3.28 6.28 0.48 0.91
5. STTP Siantar Top Tbk. 30.13 5.07 8.18 69.20 0.88 7.46


Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 INDF*
7.72%
IHSG
-0.28%
LQ45
-1.33%
Sector**
Highest 6,900 6,400 6,450 6,550 7,000 6,950 6,900 6,400 6,500 7,200 7,450 7,450
Lowest 6,225 6,025 6,025 6,275 6,675 6,625 6,475 6,100 6,175 6,500 7,150 7,175
Close 6,225 6,025 6,450 6,450 6,725 6,800 6,475 6,200 6,450 7,100 7,350 7,325
Adj. Close* 6,225 6,025 6,450 6,450 6,725 6,800 6,475 6,200 6,450 7,100 7,350 7,325
Growth (%) -3.21% 7.05% 0.00% 4.26% 1.12% -4.78% -4.25% 4.03% 10.08% 3.52% -0.34%
Volume (mill.) 221.39 244.62 220.88 177.25 203.05 172.12 146.28 190.85 107.06 244.06 190.20 169.83
Value (bill.) 1,453.38 1,524.32 1,368.63 1,140.95 1,385.57 1,164.52 969.96 1,193.18 679.79 1,679.34 1,398.43 1,246.99
Frequency (th.) 88.55 97.03 69.49 65.92 63.38 63.20 62.60 81.38 44.79 78.72 60.88 65.15
Days 22 22 21 22 22 21 20 21 14 21 17 20
Price (IDR) 2018 2019 2020 2021 2022 Industry: Processed Foods
Lowest 5,525 6,000 5,050 5,975 5,725
Close 7,450 7,925 6,850 6,325 6,725 1. INDF 8.9% 8.9% 7.7% 13.6% 15.4%
Adj. Close* 7,450 7,925 6,850 6,325 6,725 2. ICBP 10.9% 12.0% 26.9% 21.7% 28.4%
Growth (%) 6.38% -13.56% -7.66% 6.32% 3. MYOR 2.1% -3.2% 37.5% 3.0% -21.7%
4. PANI 59.9% 78.4% 113.5% 41033.8% n.a.
Shares Traded 2018 2019 2020 2021 2022 5. STTP 132.0% 110.8% 101.6% 102.8% 324.3%
Volume 6,506 2,363 3,075 2,403 2,534
Value 45,697 17,050 21,107 15,456 16,345 Note:
Frequency 609 738 1,256 967 960 Base date: 6M = Jan 31, 2023; YTD = Dec 30, 2022; 1Y = Jul 29, 2022; 3Y = Jul 30, 2020; 5Y = Jul 31, 2018;
Index Membership

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


Date: 31 Jul 2023 v2.0.0

200
Current Assets 31,403,445 38,418,238 54,183,399 54,876,668 62,304,416
180
Investment Properties 42,188 42,188 42,188 42,188 42,188
160
Fixed Asset 43,072,504 45,862,919 46,751,821 47,410,528 47,050,578
- - - - - - 140
Total Assets 96,198,559 163,136,516 179,356,193 180,433,300 188,505,439 120
Trade Payable 4,521,883 4,407,555 5,157,135 5,372,311 5,533,291 100
Curr. Maturities - Bank Loans 1,016,614 912,918 2,012,532 1,627,501 1,368,196 80

- - - - - - 60
- - - - - - 40
- - - - - -
Common Stocks 878,043 878,043 878,043 878,043 878,043
97,169
Par Value 100 100 100 100 100 93,623
86,632
Total Equity 54,202,488 79,138,044 86,632,111 93,623,038 97,169,207
Revenues 76,592,955 81,731,469 99,345,618 110,830,272 56,086,595
Gross Profit 22,716,361 26,752,044 32,464,061 33,971,679 17,305,939
EBT 8,749,397 12,426,334 14,456,085 12,318,765 9,738,632
Tax -2,846,668 -3,674,268 -3,252,500 -3,126,196 -2,262,471
2019 2020 2021 2022 2023
110,830

81,731
Net Cash - Investing -583,826 -37,636,597 -6,489,675 -3,862,994 -3,961,345 76,593
Net Cash - Financing -7,660,235 27,285,509 3,852,424 -14,329,188 1,919,336

Net Increase/Decrease in C&CE 5,100,433 3,504,409 12,055,390 -4,604,496 3,436,965 56,087
C&CE, end of period 13,745,118 17,336,960 29,478,126 25,945,916 28,840,505
Current Ratio (%) 1.27 1.37 1.34 1.79 1.66
DAR (x) 0.44 0.51 0.52 0.48 0.48
DER (x) 0.77 1.06 1.07 0.93 0.94
EPS (IDR) 555.45 584.23 923.95 1,015.48 894.14 2019 2020 2021 2022 2023
PER (x) 14.27 11.72 6.85 6.62 8.22
PBV (x) 1.21 0.88 0.69 0.59 0.61
ROA (%) 6.14 5.36 6.25 5.09 3.97 11,204
ROE (%) 10.89 11.06 12.93 9.82 7.69
9,193
GPM (%) 29.66 32.73 32.68 30.65 30.86 8,752
OPM (%) 12.44 15.49 17.21 16.86 16.54 7,476
NPM (%) 7.71 10.71 11.28 8.29 13.33
5,903
DPS (IDR) 171.00 278.00 278.00 278.00 257.00
DPR (%) 30.79 47.58 30.09 27.38 28.74
Dividend Yield (%) 2.30 3.51 4.06 4.40 3.82
2019 2020 2021 2022 2023

INDY
Indika Energy Tbk.
INDY Indika Energy Tbk.

Date: 31 Jul 2023 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 75 subsidiaries. One of the biggest subsidiaries is PT Indika Stock Overview
Inti Corpindo.
https://www.idx.co.id/en/listed-companies/company-profiles/INDY

Domestic 33,101.6 5,720.4
Year 2022 YTD 2023
Total 40,228.8 7,082.2
Fundamental & ESG
YTD 2023
1.50x 0.50x 34.93 High
D 2,304.2 614.6 2,918.8
528.1 -117.2
Buy

INDY Sector PER Market PER
F 3,166.3 661.3 3,827.6 Domestic Buy". 7.08x 13.54x

2023 F - Rp208.00 05-May-23 08-May-23 17-May-23 - - - - - - -
2022 I - Rp114.46 16-Aug-22 18-Aug-22 30-Aug-22 - - - - - - -
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 - - - - - - -
Industry Peers
1. INDY Indika Energy Tbk. 10,290.13 06/30/23 45,941,057 20,199,820 25,741,237 25,098,276 1,632,924
4. ABMM ABM Investama Tbk. 10,076.58 06/30/23 34,010,973 11,184,667 22,826,305 11,447,761 3,198,718
5. BSSR Baramulti Suksessarana Tbk. 9,864.21 06/30/23 7,234,067 3,998,535 3,235,533 8,904,892 1,595,513
1. INDY Indika Energy Tbk. 1.50 0.50 3.55 6.34 0.44 0.78
4. ABMM ABM Investama Tbk. 1.89 0.91 9.40 14.01 0.33 0.49
5. BSSR Baramulti Suksessarana Tbk. 2.41 2.47 22.06 49.31 0.55 1.24


Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 INDY*
-26.03%
IHSG
-0.28%
LQ45
-1.33%
Sector**
Highest 2,900 3,270 3,330 3,090 2,920 2,760 2,380 2,420 2,800 2,450 2,010 2,190
Lowest 2,630 2,910 3,080 2,670 2,720 2,410 2,210 2,020 2,440 1,715 1,780 1,945
Close 2,870 3,000 3,260 2,900 2,730 2,440 2,300 2,410 2,600 1,715 1,910 1,975
Adj. Close* 2,870 3,000 3,260 2,900 2,730 2,440 2,300 2,410 2,600 1,715 1,910 1,975
Growth (%) 4.53% 8.67% -11.04% -5.86% -10.62% -5.74% 4.78% 7.88% -34.04% 11.37% 3.40%
Volume (mill.) 413.33 580.27 349.64 283.38 211.18 240.23 235.68 266.84 224.59 313.18 110.03 165.55
Value (bill.) 1,160.22 1,791.62 1,127.73 815.83 614.09 605.29 540.48 602.61 582.90 657.97 210.29 341.56
Frequency (th.) 89.46 127.07 85.83 77.10 52.22 60.01 56.76 58.81 52.67 86.16 37.26 51.58
Days 22 22 21 22 22 21 20 21 14 21 17 20
Lowest 1,580 1,075 390 1,265 1,475
Close 1,585 1,195 1,730 1,545 2,730 1. INDY -18.0% -27.7% -26.0% 101.5% -45.1%
Adj. Close* 1,585 1,195 1,730 1,545 2,730 2. HRUM -4.0% 2.5% -10.0% 603.4% 186.2%
Growth (%) -24.61% 44.77% -10.69% 76.70% 3. MCOL -22.3% -26.2% -27.0% n.a. n.a.
4. ABMM 16.2% 11.6% 39.7% 240.5% 67.1%
Shares Traded 2018 2019 2020 2021 2022 5. BSSR -7.1% -13.1% -6.7% 183.5% 50.8%
Volume 4,521 3,821 4,897 7,944 8,086
Value 15,241 6,478 5,784 13,614 20,114 Note:
Index Membership

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


Date: 31 Jul 2023 v2.0.0

60
Current Assets 19,961,247 19,663,988 29,850,040 31,228,240 21,295,932
- - - - - -
50
Fixed Asset 9,520,084 8,660,334 3,414,985 3,440,392 4,152,449
- - - - - - 40
Total Assets 50,427,394 49,278,679 52,673,687 56,035,653 45,941,057
Trade Payable 4,700,967 4,731,043 4,246,283 5,341,001 4,288,782 30
Curr. Maturities - Bank Loans 1,164,509 1,249,417 963,158 782,039 1,185,224

20
- - - - - -
- - - - - -
10
- - - - - -
Common Stocks 793,361 802,464 811,794 887,062 853,382
20,896
20,200
Par Value 100 100 100 100 100
Total Equity 14,583,321 12,233,230 12,609,710 20,895,992 20,199,820 14,583
12,233 12,610
Revenues 38,804,423 29,299,080 43,793,860 67,589,928 25,098,276
Gross Profit 5,950,352 3,580,957 13,100,680 22,621,062 5,249,042
Interest & Finance Costs -1,526,639 -1,685,678 -1,496,249 1,614,265 613,921
EBT 754,908 -1,398,894 7,164,572 15,753,178 2,674,086
Tax -685,289 -60,237 -4,204,927 -7,789,157 -1,041,163
2019 2020 2021 2022 2023
Profit/Loss for the period 69,619 -1,459,131 903,465 7,964,021 1,632,924
Profit/Loss Period Attributable -253,243 -1,657,936 823,600 7,058,133 1,347,114
Comprehensive Income -229,750 -1,838,451 1,287,223 8,795,528 1,663,336 Total Revenue (Bill. Rp)
Comprehensive Attributable -311,878 -1,853,989 1,110,341 7,301,877 1,349,776
67,590
Net Cash - Operating 2,176,713 1,730,423 6,921,651 14,439,368 -4,513,749
Net Cash - Investing -2,362,703 -1,579,504 -1,956,776 511,994 -1,025,613
Net Cash - Financing -453,850 1,017,032 -1,858,354 -10,373,315 -1,683,301 43,794
38,804
Net Increase/Decrease in C&CE -639,840 1,167,951 3,106,520 4,578,048 -7,222,662
C&CE, end of period 7,929,597 9,185,079 12,376,999 18,017,166 10,158,219 29,299
25,098
Current Ratio (%) 2.01 1.97 1.84 1.70 2.18
DAR (x) 0.71 0.75 0.76 0.63 0.56
DER (x) 2.46 3.03 3.18 1.68 1.27
EPS (IDR) -121.36 -175.50 -184.24 1,230.17 1,317.28 2019 2020 2021 2022 2023
PER (x) -9.85 -9.86 -8.39 2.22 1.45
PBV (x) 0.57 0.51 0.71 0.39 0.70
ROA (%) 0.14 -2.96 1.72 14.21 3.55
ROE (%) 0.48 -11.93 7.16 38.11 8.08 7,964
GPM (%) 15.33 12.22 29.91 33.47 20.91
OPM (%) 10.40 5.58 25.18 27.91 13.79
NPM (%) 0.18 -4.98 2.06 11.78 6.51
DPS (IDR) 108.66 89.63 0.00 114.46 208.00
DPR (%) n.a. n.a. 0.00 9.30 15.79
1,633
Dividend Yield (%) 6.86 7.50 0.00 7.41 7.62 903
70
Market Capitalization, billion IDR 6,226 9,014 8,050 14,224 9,951 -1,459
2019 2020 2021 2022 2023

INKP
Indah Kiat Pulp & Paper Tbk.
INKP Indah Kiat Pulp & Paper Tbk.

Date: 31 Jul 2023 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
subsidiaries is Imperial Investment Limited.
https://www.idx.co.id/en/listed-companies/company-profiles/INKP

Domestic 21,049.3 9,380.6
73% 68%
Foreign 7,822.1 4,586.5 B Basic Materials B15 Forestry & Paper
27% 32%
Others 23.28% 24.52% B1 Basic Materials B152 Paper
Year 2022 YTD 2023
Total 28,871.4 13,967.1
Fundamental & ESG
YTD 2023
3.90x 0.58x 28.08 Medium
D 3,231.0 1,274.7 4,505.7
309.3 369.2
Buy

INKP Sector PER Market PER
F 2,850.9 1,214.8 4,065.7 Domestic Buy". 12.01x 13.54x

2023 F - Rp50.00 26-May-23 29-May-23 16-Jun-23 1997 RI 27-Jun-97 1,775 50:45 1,410 0.793
2022 F - Rp50.00 21-Jun-22 22-Jun-22 14-Jul-22 1996 - 26-Aug-96 2,225 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. 50,059.49 06/30/23 145,308,045 87,839,850 57,468,195 28,964,685 4,027,410
2. TKIM Pabrik Kertas Tjiwi Kimia 21,014.26 06/30/23 54,735,075 34,158,720 20,576,355 8,324,760 966,435
3. INRU Toba Pulp Lestari Tbk. 1,243.05 06/30/23 7,064,475 1,794,450 5,270,025 606,855 -240,015
4. KBRI Kertas Basuki Rachmat 434.40 n.a. n.a. n.a. n.a. n.a. n.a.
5. SWAT Sriwahana Adityakarta Tbk. 150.96 06/30/23 657,105 215,426 441,679 142,532 -11,879
1. INKP Indah Kiat Pulp & Paper Tbk. 3.90 0.58 2.77 7.01 0.60 1.53
2. TKIM Pabrik Kertas Tjiwi Kimia Tbk. 3.34 0.63 1.77 4.70 0.62 1.66
3. INRU Toba Pulp Lestari Tbk. -1.99 0.69 -3.40 -4.55 0.25 0.34
4. KBRI Kertas Basuki Rachmat Indonesia NA 3.20 n.a. n.a. n.a. n.a.
5. SWAT Sriwahana Adityakarta Tbk. -2.33 0.69 -1.81 -2.69 0.33 0.49


Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 INKP*
20.39%
IHSG
-0.28%
LQ45
-1.33%
Sector**
Highest 8,375 9,675 9,650 10,300 9,925 8,875 8,675 8,000 7,925 7,650 8,500 9,475
Lowest 7,600 8,250 8,775 9,525 8,725 8,325 7,925 6,825 7,275 6,900 7,000 8,400
Close 8,325 9,050 9,600 10,000 8,725 8,500 7,925 7,500 7,775 6,900 8,500 9,150
Adj. Close* 8,325 9,050 9,600 10,000 8,725 8,500 7,925 7,500 7,775 6,900 8,500 9,150
Growth (%) 8.71% 6.08% 4.17% -12.75% -2.58% -6.76% -5.36% 3.67% -11.25% 23.19% 7.65%
Volume (mill.) 100.65 258.92 135.13 137.74 99.31 117.69 101.48 148.22 71.85 115.70 161.44 151.76
Value (bill.) 802.95 2,367.98 1,238.28 1,363.36 932.86 1,009.34 837.21 1,118.50 542.90 837.53 1,274.63 1,363.43
Frequency (th.) 52.62 136.62 75.30 82.35 61.01 70.94 55.11 63.57 38.78 59.64 74.95 69.85
Days 22 22 21 22 22 21 20 21 14 21 17 20
Price (IDR) 2018 2019 2020 2021 2022 Industry: Paper

Lowest 5,500 5,500 3,100 6,250 7,275
Close 11,550 7,700 10,425 7,825 8,725 1. INKP 9.9% 4.9% 20.4% 17.3% -52.3%
Adj. Close* 11,550 7,700 10,425 7,825 8,725 2. TKIM -7.8% -4.3% 5.9% 0.0% -53.4%
Growth (%) -33.33% 35.39% -24.94% 11.50% 3. INRU 4.1% 35.6% 55.7% 17.0% 29.7%
4. KBRI 0.0% 0.0% 0.0% 0.0% 0.0%
Shares Traded 2018 2019 2020 2021 2022 5. SWAT 0.0% 0.0% -40.5% -47.4% -67.1%
Volume 3,204 2,605 2,512 2,376 1,712
Value 45,563 21,602 19,281 23,034 14,436 Note:
Frequency 1,251 1,235 1,077 1,398 954 Base date: 6M = Jan 31, 2023; YTD = Dec 30, 2022; 1Y = Jul 29, 2022; 3Y = Jul 30, 2020; 5Y = Jul 31, 2018;
Index Membership

1. BISNIS-27 11. ISSI 21. 31.
5. I-GRADE 15. LQ45 25. 35.
6. IDX80 16. MBX 26. 36.
7. IDXBASIC 17. MNC36 27. 37.
8. IDXSMC-COM 18. 28. 38.
9. IDXSMC-LIQ 19. 29. 39.
10. IDXV30 20. 30. 40.


Date: 31 Jul 2023 v2.0.0

160
Current Assets 58,775,065 61,238,169 67,094,664 85,390,477 83,577,405
- - - - - - 140
Fixed Asset 50,960,803 49,385,851 49,451,217 763,364,456 48,416,550 120

- - - - - -
100
Total Assets 118,561,087 119,839,987 128,113,432 150,318,122 145,308,045
Trade Payable 2,472,602 2,761,026 3,307,568 3,294,652 2,938,995 80
Curr. Maturities - Bank Loans 2,911,116 3,403,734 3,926,501 3,410,516 2,393,925 60

- - - - - -
40
Curr. Maturities - Sukuk - - 687,195 1,729,605 -
Long-term Bonds Payable - 4,821,145 10,635,456 12,453,564 11,676,735 2019 2020 2021 2022 2023
Long-term Sukuk - - 1,051,625 2,866,730 3,454,890
Common Stocks 30,525,828 30,876,071 31,235,069 34,131,137 32,835,240
Par Value 1,000 1,000 1,000 1,000 1,000

Total Equity 55,859,166 59,941,158 67,902,033 87,396,341 87,839,850 59,941
55,859
Revenues 44,946,869 42,117,995 50,178,166 62,409,038 28,964,685
Gross Profit 12,220,045 12,168,482 17,527,983 24,790,329 10,285,260
EBT 5,548,674 5,408,379 9,455,139 16,332,604 5,036,865
Tax -1,722,305 -1,260,931 -1,934,819 -2,963,057 -1,009,455
2019 2020 2021 2022 2023
62,409
Net Cash - Investing 763,196 -2,266,631 -5,711,681 -2,272,051 -989,820 44,947
42,118
Net Increase/Decrease in C&CE 249,880 1,598,407 2,665,991 3,040,830 -608,595 28,965
C&CE, end of period 10,790,153 12,282,507 15,117,392 19,730,647 18,290,970
Current Ratio (%) 2.30 2.26 2.08 2.45 2.74
DAR (x) 0.53 0.50 0.47 0.42 0.40
DER (x) 1.12 1.00 0.89 0.72 0.65
EPS (IDR) 771.48 866.44 997.39 2,035.15 2,345.55 2019 2020 2021 2022 2023
PER (x) 9.98 12.03 7.85 4.29 3.62
PBV (x) 1.13 0.70 0.84 0.49 0.54
ROA (%) 3.23 3.46 5.87 8.89 2.77
ROE (%) 6.85 6.92 11.08 15.30 4.58 13,370
GPM (%) 27.19 28.89 34.93 39.72 35.51
OPM (%) 17.39 17.79 24.43 28.43 26.24
NPM (%) 8.51 9.85 14.99 21.42 13.90
7,520
DPS (IDR) 100.00 50.00 50.00 50.00 50.00
DPR (%) 12.96 5.77 5.01 2.46 2.13
Dividend Yield (%) 0.87 0.65 0.48 0.64 0.57 3,826 4,147 4,027
2019 2020 2021 2022 2023

INTP
Indocement Tunggal Prakarsa Tbk.
INTP Indocement Tunggal Prakarsa Tbk.

Date: 31 Jul 2023 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/listed-companies/company-profiles/INTP

Domestic 11,466.6 7,290.6
55% Institution 48.28% 43.35%
66%
Foreign 9,794.9 4,103.6 B Basic Materials B12 Construction Materials
45% Individual 0.16% 0.23%
34%
Others 24.12% 22.23% B1 Basic Materials B121 Construction Materials
Year 2022 YTD 2023
Total 21,261.5 11,394.2
Fundamental & ESG
YTD 2023
17.06x 1.95x 29.84 Medium
D 2,329.9 1,576.3 3,906.2
-1,022.1 -521.8
Buy

INTP Sector PER Market PER
F 1,822.9 2,563.5 4,386.4 Domestic Buy". 12.01x 13.54x

2023 F - Rp160.00 29-May-23 30-May-23 08-Jun-23 1996 SS 02-Sep-96 6,800 2:1 3,400 0.500
2022 F - Rp500.00 07-Jun-22 08-Jun-22 24-Jun-22 - - - - - - -
2021 F - Rp500.00 19-Jul-21 21-Jul-21 10-Aug-21 - - - - - - -
2020 I - Rp225.00 08-Dec-20 10-Dec-20 18-Dec-20 - - - - - - -
2020 F - Rp500.00 07-Aug-20 10-Aug-20 28-Aug-20 - - - - - - -
Industry Peers
1. INTP Indocement Tunggal 38,376.84 06/30/23 24,906,388 19,716,366 5,190,022 7,970,017 698,432
2. SMGR Semen Indonesia (Persero) 47,091.99 06/30/23 79,444,078 46,290,008 33,154,070 17,031,759 891,355
3. CMNT Cemindo Gemilang Tbk. 15,498.58 06/30/23 17,945,836 4,107,953 13,837,883 4,320,736 211,633
4. SMCB Solusi Bangun Indonesia 13,619.27 06/30/23 20,890,931 11,862,259 9,028,672 5,573,437 253,991
5. SMBR Semen Baturaja (Persero) 3,794.23 06/30/23 4,715,381 3,084,577 1,630,804 847,093 16,626
1. INTP Indocement Tunggal Prakarsa Tbk. 17.06 1.95 2.80 13.46 0.79 3.80
2. SMGR Semen Indonesia (Persero) Tbk. 19.40 0.99 1.12 2.69 0.58 1.40
3. CMNT Cemindo Gemilang Tbk. 184.93 3.77 1.18 1.53 0.23 0.30
4. SMCB Solusi Bangun Indonesia Tbk. 16.36 1.15 1.22 2.81 0.57 1.31
5. SMBR Semen Baturaja (Persero) Tbk. 39.66 1.23 0.35 1.02 0.65 1.89


Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 INTP*
12.10%
IHSG
-0.28%
LQ45
-1.33%
Sector**
Highest 9,750 10,150 9,425 10,525 10,075 10,300 11,700 11,475 10,850 10,375 9,925 10,450
Lowest 9,100 9,300 9,050 9,625 9,650 9,625 9,900 9,750 9,725 9,900 9,575 9,600
Close 9,450 9,500 9,275 9,950 9,900 9,825 11,125 10,525 10,850 9,900 9,925 10,425
Adj. Close* 9,450 9,500 9,275 9,950 9,900 9,825 11,125 10,525 10,850 9,900 9,925 10,425
Growth (%) 0.53% -2.37% 7.28% -0.50% -0.76% 13.23% -5.39% 3.09% -8.76% 0.25% 5.04%
Volume (mill.) 63.33 70.52 76.61 107.91 39.28 70.88 121.28 88.59 62.78 65.15 59.05 83.25
Value (bill.) 598.48 689.55 708.88 1,091.94 389.09 709.84 1,329.87 934.43 642.30 659.77 576.11 844.76
Frequency (th.) 47.28 47.87 53.05 66.39 26.80 44.88 94.60 66.91 46.44 53.80 38.42 64.58
Days 22 22 21 22 22 21 20 21 14 21 17 20
Price (IDR) 2018 2019 2020 2021 2022 Industry: Construction Materials
Lowest 12,875 17,150 9,275 8,800 9,025
Close 18,450 19,025 14,475 12,100 9,900 1. INTP 4.3% 5.3% 12.1% -15.8% -26.2%
Adj. Close* 18,450 19,025 14,475 12,100 9,900 2. SMGR -5.7% 6.1% 7.2% -24.2% -8.0%
Growth (%) 3.12% -23.92% -16.41% -18.18% 3. CMNT -4.7% 0.0% -12.6% n.a. n.a.
4. SMCB 10.2% 6.0% -7.4% 47.3% 94.8%
Shares Traded 2018 2019 2020 2021 2022 5. SMBR -6.4% -1.0% -20.1% -22.4% -88.1%
Volume 596 585 1,131 1,129 1,069
Value 10,403 11,827 14,791 13,479 10,631 Note:
Index Membership

1. BISNIS-27 11. ISSI 21. 31.
5. IDX80 15. LQ45 25. 35.
6. IDXBASIC 16. MBX 26. 36.
7. IDXQ30 17. MNC36 27. 37.
8. IDXSMC-COM 18. SMinfra18 28. 38.
9. IDXSMC-LIQ 19. SRI-KEHATI 29. 39.
10. Investor33 20. 30. 40.


Date: 31 Jul 2023 v2.0.0

30
Current Assets 12,829,494 12,299,306 11,336,733 10,312,090 9,799,834
25
Fixed Asset 14,080,158 14,397,092 14,342,412 14,894,921 14,593,838
- - - - - - 20
Total Assets 27,707,749 27,344,672 26,136,114 25,706,169 24,906,388
Trade Payable 1,748,776 1,580,229 2,082,752 1,834,752 1,217,600 15
- - - - - -
10
- - - - - -
- - - - - -
5
- - - - - - -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 1,840,616 1,840,616 1,840,616 1,840,616 1,840,616
Par Value 500 500 500 500 500
22,176
Total Equity 23,080,261 22,176,248 20,620,964 19,566,906 19,716,366
20,621
Revenues 15,939,348 14,184,322 14,771,906 16,328,278 7,970,017 19,567 19,716
Gross Profit 5,500,317 5,113,552 5,126,282 5,143,158 2,431,991

Operating Profit/Loss 1,997,087 1,960,037 1,907,541 1,808,861 837,140
EBT 2,274,427 2,148,328 2,234,002 2,289,309 882,781
Tax -439,122 -341,991 -445,506 -446,875 -184,349
2019 2020 2021 2022 2023
Profit/Loss for the period 1,835,305 1,806,337 1,788,496 1,842,434 698,432
Profit/Loss Period Attributable 1,835,305 1,806,337 1,788,496 1,842,434 698,432
Comprehensive Income 1,883,349 1,764,880 1,872,995 1,841,868 698,432 Total Revenue (Bill. Rp)
Comprehensive Attributable 1,883,349 1,764,880 1,872,995 1,841,868 698,432
Cash Flow Statements Dec 2019 Dec 2020 Dec 2021 Dec 2022 Jun 2023 15,939 16,328
Net Cash - Operating 3,530,772 3,538,011 2,606,707 2,401,773 -48,553 14,184
14,772
Net Cash - Investing -1,045,966 -661,734 -558,145 -873,589 -218,031

Net Cash - Financing -2,026,357 -2,862,698 -3,603,521 -3,240,305 -760,553
Net Increase/Decrease in C&CE 458,449 13,579 -1,554,959 -1,712,121 -1,027,137
7,970
C&CE, end of period 7,651,750 7,697,631 6,141,267 4,525,505 3,475,667
Current Ratio (%) 3.31 2.92 2.44 2.14 2.54
DAR (x) 0.17 0.19 0.21 0.24 0.21
DER (x) 0.20 0.23 0.27 0.31 0.26
EPS (IDR) 462.90 482.52 515.55 414.83 551.79 2019 2020 2021 2022 2023
PER (x) 41.10 30.00 23.47 23.87 17.99
PBV (x) 2.94 3.16 2.58 2.28 1.85
ROA (%) 6.62 6.61 6.84 7.17 2.80 1,835 1,806 1,842
1,788
ROE (%) 7.95 8.15 8.67 9.42 3.54
GPM (%) 34.51 36.05 34.70 31.50 30.51
OPM (%) 12.53 13.82 12.91 11.08 10.50
NPM (%) 11.51 12.73 12.11 11.28 8.76
DPS (IDR) 550.00 725.00 500.00 500.00 160.00
DPR (%) 118.82 150.25 96.98 120.53 29.00 698
Dividend Yield (%) 2.98 3.81 3.45 4.13 1.62
2019 2020 2021 2022 2023

ITMG
Indo Tambangraya Megah Tbk.
ITMG Indo Tambangraya Megah Tbk.

Date: 31 Jul 2023 v2.0.0

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

Domestic 51,480.9 17,200.3
71% 70%
29% 30%
Year 2022 YTD 2023
Total 73,179.9 24,985.9
Fundamental & ESG
YTD 2023
1.67x 1.23x 45.42 Severe
D 6,207.8 2,675.9 8,883.6
596.6 -567.0
Buy

ITMG Sector PER Market PER
F 7,930.6 3,217.3 11,147.8 Domestic Buy". 7.08x 13.54x

2023 I - Rp2.66 12-Sep-23 13-Sep-23 22-Sep-23 - - - - - - -
2023 F - Rp6414.00 11-Apr-23 12-Apr-23 18-Apr-23 - - - - - - -
2022 I - Rp4128.00 11-Nov-22 14-Nov-22 22-Nov-22 - - - - - - -
2022 F - Rp3040.00 04-Apr-22 05-Apr-22 22-Apr-22 - - - - - - -
2021 I - Rp1218.00 11-Nov-21 12-Nov-21 24-Nov-21 - - - - - - -
Industry Peers
2. DSSA Dian Swastatika Sentosa Tbk 34,674.85 06/30/23 99,568,845 54,403,771 45,165,073 47,819,544 9,802,836
2. DSSA Dian Swastatika Sentosa Tbk 3.28 0.69 9.85 21.70 0.55 1.20


Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 ITMG*
-31.31%
IHSG
-0.28%
LQ45
-1.33%
Sector**
Highest 40,750 44,175 45,350 43,600 42,000 39,600 37,200 40,800 41,125 31,750 24,250 28,125
Lowest 36,700 40,200 41,700 37,100 39,025 34,800 33,900 36,975 32,250 22,125 22,750 24,675
Close 39,300 41,425 45,050 41,750 39,025 35,650 37,200 39,400 33,300 22,125 24,125 27,200
Adj. Close* 39,300 41,425 45,050 41,750 39,025 35,650 37,200 39,400 33,300 22,125 24,125 27,200
Growth (%) 5.41% 8.75% -7.33% -6.53% -8.65% 4.35% 5.91% -15.48% -33.56% 9.04% 12.75%
Volume (mill.) 101.30 74.77 58.27 116.16 40.65 51.02 47.40 74.09 66.26 61.67 33.36 43.60
Value (bill.) 3,913.58 3,179.04 2,523.09 4,729.60 1,641.61 1,848.45 1,686.82 2,876.44 2,463.28 1,681.76 789.10 1,147.11
Frequency (th.) 144.37 130.08 94.53 166.95 71.81 102.12 90.32 111.56 118.62 120.71 58.92 85.09
Days 22 22 21 22 22 21 20 21 14 21 17 20
Lowest 19,625 10,100 6,025 11,425 19,625
Close 20,250 11,475 13,850 20,400 39,025 1. ITMG -24.9% -30.3% -31.3% 244.3% -4.5%
Adj. Close* 20,250 11,475 13,850 20,400 39,025 2. DSSA 18.4% 13.1% 36.4% 115.6% 114.5%
Growth (%) -43.33% 20.70% 47.29% 91.30% 3. PTBA -18.5% -24.9% -35.6% 36.5% -38.2%
4. HRUM -4.0% 2.5% -10.0% 603.4% 186.2%
Shares Traded 2018 2019 2020 2021 2022 5. MCOL -22.3% -26.2% -27.0% n.a. n.a.
Volume 475 424 887 946 1,111
Value 12,047 7,315 8,833 16,343 36,590 Note:
Index Membership

1. BISNIS-27 11. Investor33 21. 31.
3. IDX30 13. JII 23. 33.
4. IDX80 14. JII70 24. 34.
5. IDXENERGY 15. KOMPAS100 25. 35.
6. IDXHIDIV20 16. LQ45 26. 36.
7. IDXQ30 17. MBX 27. 37.
8. IDXSMC-COM 18. MNC36 28. 38.
9. IDXSMC-LIQ 19. 29. 39.
10. IDXV30 20. 30. 40.


Date: 31 Jul 2023 v2.0.0

Inventories 1,430,367 849,445 891,056 1,498,235 1,180,260 Asset Liabilities
45
Current Assets 6,589,013 5,923,155 14,098,114 29,758,034 21,325,080
- - - - - - 40
Fixed Asset 3,107,016 2,762,450 2,365,301 2,359,787 2,279,775 35

- - - - - - 30
Total Assets 16,860,077 16,342,462 23,775,564 41,165,640 33,406,035 25
Trade Payable 1,084,070 879,334 1,216,603 2,249,551 1,857,480
20
Curr. Maturities - Bank Loans - 108,975 141,748 206,516 222,720
15
- - - - - -
- - - - - - 10

Long-term Bank Loans - 503,859 368,226 199,375 193,380 -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 890,974 901,197 911,675 996,204 958,380
Par Value 500 500 500 500 500 26,942
Total Equity 12,333,864 11,936,920 17,145,045 30,408,766 26,942,220
17,145
Revenues 23,923,930 16,719,164 29,634,045 56,695,833 19,487,835 12,334 11,937
Gross Profit 4,555,664 2,809,011 13,078,009 29,537,360 6,873,690
EBT 2,592,487 1,023,360 8,862,319 24,086,397 5,943,390
Tax -828,417 -489,796 -2,078,979 -5,386,210 -1,342,770
2019 2020 2021 2022 2023
Profit/Loss for the period 1,764,070 533,564 6,783,340 18,700,187 4,600,620
Profit/Loss Period Attributable 1,804,846 556,710 6,785,908 18,711,507 4,604,220
Comprehensive Income 1,789,506 446,437 6,588,425 19,021,086 4,704,990 Total Revenue (Bill. Rp)
Comprehensive Attributable 1,830,309 469,527 6,590,994 19,032,406 4,708,590 56,696
Net Cash - Investing -1,337,660 -632,426 -352,202 -1,110,946 -1,401,090
Net Cash - Financing -2,836,692 -778,286 -1,914,743 -7,867,567 -7,165,380
29,634
Net Increase/Decrease in C&CE -2,926,888 1,025,828 6,547,259 11,688,247 -6,273,870
23,924
C&CE, end of period 2,220,170 3,264,729 9,859,451 22,301,659 15,255,780 19,488
16,719
Current Ratio (%) 2.03 2.03 2.71 3.26 4.38
DAR (x) 0.27 0.27 0.28 0.26 0.19
DER (x) 0.37 0.37 0.39 0.35 0.24
EPS (IDR) 2,006.36 855.52 3,405.90 14,613.60 16,271.99 2019 2020 2021 2022 2023
PER (x) 5.72 16.19 5.99 2.67 1.48
PBV (x) 1.86 1.09 0.91 0.76 1.64
ROA (%) 10.46 3.26 28.53 45.43 13.77 18,700
ROE (%) 14.30 4.47 39.56 61.50 17.08
GPM (%) 19.04 16.80 44.13 52.10 35.27
OPM (%) 10.52 8.77 38.10 46.28 28.79
NPM (%) 7.37 3.19 22.89 32.98 23.61
DPS (IDR) 2,750.00 877.00 1,551.08 7,168.00 6,416.66
DPR (%) 137.06 102.51 45.54 49.05 39.43 6,783
Dividend Yield (%) 13.58 7.64 11.20 35.14 16.44 4,601
Miscellaneous Dec 2019 Dec 2020 Dec 2021 Dec 2022 Jun 2023 1,764
534
2019 2020 2021 2022 2023

KLBF
Kalbe Farma Tbk.
KLBF Kalbe Farma Tbk.

Date: 31 Jul 2023 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
(40.69%).
Stock Overview
https://www.idx.co.id/en/listed-companies/company-profiles/KLBF

Domestic 17,163.6 7,678.1
45% 44% Institution 69.37% 44.46%
Foreign 22,641.6 11,674.2 F Healthcare F21 Pharmaceuticals
55% 56% Individual 0.28% 0.04%
Others 23.73% 24.03% F2 Pharmaceuticals & Health Care F211 Pharmaceuticals
Year 2022 YTD 2023
Total 39,805.2 19,352.4 Research
Fundamental & ESG
YTD 2023
26.38x 3.92x 34.42 High
D 1,658.2 1,845.1 3,503.3
-160.8 671.6
Buy

KLBF Sector PER Market PER
F 4,389.4 6,851.0 11,240.4 Domestic Buy". 21.29x 13.54x

2023 F - Rp38.00 12-May-23 15-May-23 31-May-23 2012 SS 08-Oct-12 4,800 5:1 960 0.200
2022 F - Rp35.00 31-May-22 02-Jun-22 22-Jun-22 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. 89,765.86 06/30/23 27,419,567 21,776,629 5,642,938 15,178,929 1,516,667
2. SIDO Industri Jamu dan Farmasi 19,200.00 06/30/23 3,566,545 3,266,155 300,390 1,653,794 448,107
3. TSPC Tempo Scan Pacific Tbk. 7,644.22 06/30/23 11,365,781 7,784,749 3,581,033 6,486,693 709,590
4. SOHO Soho Global Health Tbk. 6,155.47 06/30/23 4,934,666 2,581,098 2,353,568 3,959,035 153,543
5. KAEF Kimia Farma Tbk. 4,728.03 06/30/23 20,599,661 9,367,359 11,232,302 4,946,438 19,474
1. KLBF Kalbe Farma Tbk. 26.38 3.92 5.53 26.88 0.79 3.86
2. SIDO Industri Jamu dan Farmasi Sido 17.34 5.88 12.56 149.18 0.92 10.87
3. TSPC Tempo Scan Pacific Tbk. 5.88 0.94 6.24 19.82 0.68 2.17
4. SOHO Soho Global Health Tbk. 19.42 2.38 3.11 6.52 0.52 1.10
5. KAEF Kimia Farma Tbk. -26.95 0.49 0.09 0.17 0.45 0.83


Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 KLBF*
18.21%
IHSG
-0.28%
LQ45
-1.33%
Sector**
*Adjusted Close Price; **Healthcare
Highest 1,680 1,900 2,050 2,120 2,170 2,150 2,360 2,220 2,120 2,200 2,100 2,070
Lowest 1,585 1,640 1,810 1,960 2,030 2,020 2,080 2,060 2,030 2,030 2,020 1,905
Close 1,680 1,830 2,050 2,070 2,090 2,150 2,110 2,100 2,120 2,030 2,050 1,915
Adj. Close* 1,680 1,830 2,050 2,070 2,090 2,150 2,110 2,100 2,120 2,030 2,050 1,915
Growth (%) 8.93% 12.02% 0.98% 0.97% 2.87% -1.86% -0.47% 0.95% -4.25% 0.99% -6.59%
Volume (mill.) 1,230.33 1,247.81 1,180.52 907.15 630.07 451.40 685.04 578.19 501.22 789.20 646.35 1,017.23
Value (bill.) 1,985.31 2,256.36 2,285.67 1,838.38 1,304.08 929.79 1,502.09 1,231.66 1,035.42 1,641.21 1,323.52 2,012.50
Frequency (th.) 95.27 87.42 89.64 96.09 74.91 73.59 88.66 81.98 70.63 85.69 65.22 96.01
Days 22 22 21 22 22 21 20 21 14 21 17 20
Price (IDR) 2018 2019 2020 2021 2022 Industry: Pharmaceuticals

Lowest 1,155 1,260 865 1,240 1,530
Close 1,520 1,620 1,480 1,615 2,090 1. KLBF -7.0% -8.4% 18.2% 22.4% 47.9%
Adj. Close* 1,520 1,620 1,480 1,615 2,090 2. SIDO -15.2% -15.2% -29.3% -1.5% 56.1%
Growth (%) 6.58% -8.64% 9.12% 29.41% 3. TSPC 20.6% 20.2% 22.8% 22.8% 13.0%
4. SOHO -13.8% -10.6% -18.5% n.a. n.a.
Shares Traded 2018 2019 2020 2021 2022 5. KAEF -18.9% -21.5% -37.9% -62.2% -63.5%
Volume 7,523 7,334 12,001 13,268 11,441
Value 10,845 11,315 17,126 20,456 19,903 Note:
Index Membership

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


Date: 31 Jul 2023 v2.0.0

30
Current Assets 11,222,491 13,075,332 15,712,210 16,710,230 16,658,840
- - - - - -
25
Fixed Asset 7,666,315 8,157,762 7,994,022 7,956,586 7,927,153
- - - - - - 20
Total Assets 20,264,727 22,564,300 25,666,635 27,241,313 27,419,567
Trade Payable 1,215,860 1,240,386 1,667,596 1,996,615 2,083,743 15
Curr. Maturities - Bank Loans - - - 123,702 127,275

10
- - - - - -
- - - - - -
5
Long-term Bank Loans 647,647 722,819 490,277 287,031 223,393 -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 468,751 468,751 468,751 468,751 468,751
22,097 21,777
Par Value 10 10 10 10 10
18,276
Total Equity 16,705,582 18,276,082 21,265,878 22,097,328 21,776,629
Revenues 22,633,476 23,112,655 26,261,195 28,933,503 15,178,929
Gross Profit 10,243,468 10,246,322 11,283,784 11,704,066 6,175,599
EBT 3,402,617 3,627,633 4,143,265 4,458,897 1,939,412
Tax -865,015 -828,010 -911,257 -1,008,813 -422,744
2019 2020 2021 2022 2023
Net Cash - Operating 2,502,969 4,221,550 2,825,946 1,271,889 535,609 26,261
22,633 23,113
Net Cash - Investing -1,900,541 -951,215 -1,056,019 -1,370,390 -495,781
Net Cash - Financing -706,915 -1,099,712 -745,177 -2,405,754 -1,162,455
C&CE, end of period 3,040,487 5,207,929 6,216,248 3,949,769 2,742,601
Current Ratio (%) 4.35 4.12 4.45 3.77 3.35
DAR (x) 0.18 0.19 0.17 0.19 0.21
DER (x) 0.21 0.23 0.21 0.23 0.26
EPS (IDR) 54.79 55.87 63.86 72.14 72.60 2019 2020 2021 2022 2023
PER (x) 29.57 26.49 25.29 28.97 28.24
PBV (x) 4.27 4.16 3.26 3.43 4.50
ROA (%) 12.52 12.41 12.59 12.66 5.53
3,450
ROE (%) 15.19 15.32 15.20 15.61 6.96 3,232
GPM (%) 45.26 44.33 42.97 40.45 40.69
2,800
OPM (%) 15.89 15.38 15.31 14.62 13.36 2,538
NPM (%) 11.21 12.11 12.31 11.92 9.99
DPS (IDR) 26.00 26.00 28.00 35.00 38.00
1,517
DPR (%) 47.46 46.54 43.84 48.52 52.34
Dividend Yield (%) 1.71 1.60 1.89 2.17 1.82
2019 2020 2021 2022 2023

MAPI
Mitra Adiperkasa Tbk.
MAPI Mitra Adiperkasa Tbk.

Date: 31 Jul 2023 v2.0.0

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

Domestic 5,729.0 6,084.1
41% 48% Institution 58.56% 32.99%
Foreign 8,792.1 7,941.3 E Consumer Cyclicals E74 Specialty Retail
59% 52% Individual 0.51% 0.31%
Others 36.01% 22.81% E7 Retailing E741 Apparel & Textile Retail
Year 2022 YTD 2023
Total 14,521.1 14,025.4
Fundamental & ESG
YTD 2023
15.49x 3.02x 20.31 Medium
D 1,414.6 1,465.2 2,879.8
-37.2 324.4
Buy

MAPI Sector PER Market PER
F 1,427.3 2,950.2 4,377.4 Domestic Buy". 17.07x 13.54x

2023 F - Rp8.00 04-Jul-23 05-Jul-23 21-Jul-23 2018 SS 04-Jun-18 8,425 10:1 840 0.100
2019 F - Rp10.00 27-May-19 28-May-19 19-Jun-19 - - - - - - -
2018 I - Rp40.00 16-May-18 18-May-18 08-Jun-18 - - - - - - -
2017 F - Rp25.00 02-Jun-17 06-Jun-17 23-Jun-17 - - - - - - -
2017 F - Rp25.00 02-Jun-17 06-Jun-17 22-Jun-17 - - - - - - -
Industry Peers
1. MAPI Mitra Adiperkasa Tbk. 32,868.00 06/30/23 22,347,330 10,883,264 11,464,066 15,594,638 1,262,070
2. MAPA Map Aktif Adiperkasa Tbk. 23,088.24 06/30/23 8,325,723 5,098,201 3,227,522 5,970,260 662,556
3. ACES Ace Hardware Indonesia 12,348.00 06/30/23 7,799,796 5,704,702 2,095,094 3,635,052 304,377
4. TRIO Trikomsel Oke Tbk. 11,079.19 06/30/23 90,178 -3,724,463 3,814,641 346,362 -7,006
5. ERAA Erajaya Swasembada Tbk. 7,975.00 06/30/23 20,771,854 7,304,918 13,466,936 28,897,355 461,703
1. MAPI Mitra Adiperkasa Tbk. 15.49 3.02 5.65 11.01 0.49 0.95
2. MAPA Map Aktif Adiperkasa Tbk. 16.91 4.53 7.96 20.53 0.61 1.58
3. ACES Ace Hardware Indonesia Tbk. 18.45 2.03 3.90 14.53 0.73 2.72
4. TRIO Trikomsel Oke Tbk. 26.24 -2.98 -7.77 -0.18 -41.30 -0.98
5. ERAA Erajaya Swasembada Tbk. 8.37 1.07 2.22 3.43 0.35 0.54


Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 MAPI*
122.47%
IHSG
-0.28%
LQ45
-1.33%
Sector**
Highest 1,070 1,140 1,250 1,450 1,475 1,415 1,600 1,625 1,465 1,830 1,900 2,020
Lowest 930 965 1,020 1,200 1,305 1,210 1,385 1,465 1,330 1,410 1,685 1,675
Close 1,010 1,060 1,205 1,450 1,445 1,315 1,510 1,510 1,370 1,775 1,690 1,980
Adj. Close* 1,010 1,060 1,205 1,450 1,445 1,315 1,510 1,510 1,370 1,775 1,690 1,980
Growth (%) 4.95% 13.68% 20.33% -0.34% -9.00% 14.83% 0.00% -9.27% 29.56% -4.79% 17.16%
Volume (mill.) 1,096.58 678.98 901.65 564.59 403.42 527.33 523.09 567.81 588.27 958.66 438.43 802.80
Value (bill.) 1,096.35 717.66 1,053.66 745.53 563.36 694.50 780.55 878.00 827.11 1,545.66 778.40 1,508.46
Frequency (th.) 88.91 78.83 85.08 81.31 72.87 88.17 91.22 98.27 98.50 109.56 77.96 104.51
Days 22 22 21 22 22 21 20 21 14 21 17 20
Price (IDR) 2018 2019 2020 2021 2022 Industry: Apparel & Textile Retail
Highest 8,600 1,150 1,090 900 1,475 No. Code 6M YTD 1Y 3Y 5Y
Lowest 750 790 444 620 700
Close 805 1,055 790 710 1,445 1. MAPI 52.3% 37.0% 122.5% 189.1% 123.7%
Adj. Close* 81 1,055 790 710 1,445 2. MAPA 113.2% 110.4% 150.0% 268.2% 154.7%
Growth (%) 1210.56% -25.12% -10.13% 103.52% 3. ACES 46.9% 45.2% 1.4% -58.9% -45.0%
4. TRIO 0.0% 0.0% 0.0% 0.0% -28.4%
Shares Traded 2018 2019 2020 2021 2022 5. ERAA 19.0% 27.6% 0.4% 70.1% -19.9%
Volume 2,833 5,884 6,612 5,246 7,185
Value 3,787 5,781 4,807 4,062 7,261 Note:
Index Membership

1. BISNIS-27 11. ISSI 21. 31.
4. IDX80 14. LQ45 24. 34.
5. IDXCYCLIC 15. MBX 25. 35.
6. IDXESGL 16. MNC36 26. 36.
7. IDXG30 17. PEFINDO25 27. 37.
9. IDXSMC-COM 19. 29. 39.
10. IDXSMC-LIQ 20. 30. 40.


Date: 31 Jul 2023 v2.0.0

25
Current Assets 8,160,173 8,165,336 8,213,616 10,737,011 11,666,912
20
Fixed Asset 3,784,805 3,364,591 3,034,175 3,290,108 3,711,617
- - - - - -
Total Assets 13,937,115 17,650,451 16,783,042 20,968,046 22,347,330 15
Trade Payable 1,757,911 1,621,059 1,756,736 2,385,779 2,237,434

- - - - - - 10
- - - - - -
- - - - - - 5
- - - - - - -
Long-term Bonds Payable - 376,411 - - - 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 830,000 830,000 830,000 830,000 830,000
10,883
9,728
Par Value 50 50 50 50 50
Total Equity 7,370,545 6,499,400 7,095,907 9,727,620 10,883,264 7,371 7,096
6,499
Revenues 21,578,745 14,847,398 18,423,803 26,937,340 15,594,638
Gross Profit 10,256,117 6,180,944 7,692,462 12,029,265 7,072,779
Operating Profit/Loss 1,930,758 -56,863 1,233,951 3,069,543 1,733,612
Interest & Finance Costs - - - 481,990 205,297
EBT 1,625,502 -723,806 691,608 3,172,623 1,601,363
Tax -461,995 138,502 -201,452 -667,220 -339,293
2019 2020 2021 2022 2023
Profit/Loss for the period 1,163,507 -585,304 490,156 2,505,403 1,262,070
Profit/Loss Period Attributable 933,493 -553,716 438,913 2,109,640 1,044,016
Comprehensive Income 1,129,365 -635,262 583,131 2,568,748 1,166,032 Total Revenue (Bill. Rp)
Comprehensive Attributable 903,677 -606,095 526,941 2,171,502 947,978
26,937
Net Cash - Operating 2,372,842 1,346,711 3,034,919 4,094,761 842,527 21,579
Net Cash - Investing -799,003 -245,050 -361,931 -641,846 -680,767 18,424
Net Cash - Financing -1,177,188 -110,743 -2,680,431 -2,420,316 -1,007,600 15,595
14,847
Net Increase/Decrease in C&CE 396,651 990,918 -7,443 1,032,599 -845,840
C&CE, end of period 1,816,661 2,788,102 2,778,415 3,850,844 2,980,423
Current Ratio (%) 1.44 1.11 1.23 1.42 1.46
DAR (x) 0.47 0.63 0.58 0.54 0.51
DER (x) 0.89 1.72 1.37 1.16 1.05
EPS (IDR) 49.46 -18.96 -1.92 121.62 116.33 2019 2020 2021 2022 2023
PER (x) 21.33 -41.67 -370.24 11.88 14.53
PBV (x) 1.81 2.69 1.85 1.21 2.20
ROA (%) 8.35 -3.32 2.92 11.95 5.65
2,505
ROE (%) 15.79 -9.01 6.91 25.76 11.60
GPM (%) 47.53 41.63 41.75 44.66 45.35
OPM (%) 8.95 -0.38 6.70 11.40 11.12
NPM (%) 5.39 -3.94 2.66 9.30 8.09 1,164 1,262
DPS (IDR) 10.00 0.00 0.00 0.00 8.00

490
DPR (%) 20.22 0.00 0.00 0.00 6.88
Dividend Yield (%) 1.24 0.00 0.00 0.00 0.55
-585
2019 2020 2021 2022 2023

MDKA
Merdeka Copper Gold Tbk.
MDKA Merdeka Copper Gold Tbk.

Date: 31 Jul 2023 v2.0.0

PT Merdeka Copper Gold Tbk. has a main business field of Gold mining, silver, Established Listing Date IPO Price (IDR) IPO Lead Underwriter
copper, nickel, and other minerals, industry and other related business activities PT Indo Premier
through the company's subsidiaries. The company's President Director and
05 Sep 2012 19 Jun 2015 2,000
Securities
President Commisioner are Albert Saputro and Edwin Soeryadjaya. The largest
shareholder of the company is Public (<5%) (51.37%). The company has 13 Stock Overview
subsidiaries. One of the biggest subsidiaries is PT Merdeka Energi Nusantara.
https://www.idx.co.id/en/listed-companies/company-profiles/MDKA

Domestic 101,467.2 30,642.2
54% Institution 30.02% 31.66%
69%
46% Individual 0.67% 0.32%
31%
Others 24.36% 15.46% B1 Basic Materials B143 Gold
Year 2022 YTD 2023
Total 148,973.7 58,744.6
Fundamental & ESG
YTD 2023
-1993.01x 2.76x 31.98 High
D 9,519.3 5,091.9 14,611.2
1,610.0 1,419.7
Buy

MDKA Sector PER Market PER
F 14,458.8 10,099.4 24,558.2 Domestic Buy". 12.01x 13.54x

- - - - - - - 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. 84,629.09 03/31/23 60,045,482 30,626,175 29,419,306 3,208,298 41,206
5. CITA Cita Mineral Investindo Tbk. 9,821.70 06/30/23 5,487,425 4,369,721 1,117,703 1,879,933 205,396
1. MDKA Merdeka Copper Gold Tbk. -1993.01 2.76 0.07 0.14 0.51 1.04
5. CITA Cita Mineral Investindo Tbk. 13.87 2.28 3.74 18.38 0.80 3.91


Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 MDKA*
-13.55%
IHSG
-0.28%
LQ45
-1.33%
Sector**
Highest 4,470 4,360 3,960 4,550 4,460 4,950 4,780 4,600 4,320 3,890 3,150 3,510
Lowest 3,970 3,850 3,600 3,740 3,940 4,130 4,300 3,850 3,940 2,950 2,910 3,150
Close 4,280 3,940 3,770 4,150 4,120 4,670 4,540 4,190 3,940 3,000 3,060 3,510
Adj. Close* 4,280 3,940 3,770 4,150 4,120 4,670 4,540 4,190 3,940 3,000 3,060 3,510
Growth (%) -7.94% -4.31% 10.08% -0.72% 13.35% -2.78% -7.71% -5.97% -23.86% 2.00% 14.71%
Volume (mill.) 1,390.44 1,427.53 670.89 1,077.10 830.68 878.70 1,104.74 2,049.70 633.44 1,528.30 777.35 585.49
Value (bill.) 5,868.55 5,935.79 2,549.15 4,556.98 3,573.53 4,056.67 5,084.70 8,247.26 2,614.58 5,004.49 2,386.07 1,978.53
Frequency (th.) 252.66 251.49 144.60 208.12 165.81 179.70 217.11 232.84 134.40 248.25 156.61 133.11
Days 22 22 21 22 22 21 20 21 14 21 17 20
Price (IDR) 2018 2019 2020 2021 2022 Industry: Gold

Lowest 2,140 1,010 905 2,140 3,350
Close 3,500 1,070 2,430 3,890 4,120 1. MDKA -25.6% -14.8% -13.5% 101.0% 544.5%
Adj. Close* 655 209 2,371 3,795 4,019 2. INCO -7.4% -3.2% 12.7% 101.0% 57.3%
Growth (%) -68.13% 1035.51% 60.08% 5.91% 3. ANTM -14.1% 0.0% 1.5% 171.9% 116.9%
4. BRMS -7.1% 7.5% -26.9% 292.1% 201.6%
Shares Traded 2018 2019 2020 2021 2022 5. CITA -32.1% -35.9% -18.2% 24.6% 66.4%
Volume 1,936 4,876 25,893 21,045 17,480
Value 4,911 13,798 40,460 58,249 74,487 Note:
Index Membership

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


Date: 31 Jul 2023 v2.0.0

Trade receivables 3,274 28,963 8,455 1,027,246 452,743 Total Asset & Liabilities (Bill. Rp)
70
Current Assets 2,855,373 2,811,249 5,869,054 13,965,435 13,312,286
- - - - - - 60
Fixed Asset 4,467,091 4,204,169 4,512,894 18,802,052 19,549,049
50
- - - - - -
Total Assets 13,265,225 13,112,102 18,244,239 60,444,972 60,045,482 40
Trade Payable 464,456 284,915 422,494 1,708,843 2,247,350
30
Curr. Maturities - Bank Loans 1,905,439 833,604 912,733 1,552,132 1,268,963
- - - - - - 20
- - - - - -
Long-term Bank Loans 1,372,199 560,979 - 4,844,336 4,083,347 -

Long-term Bonds Payable - 863,839 1,802,004 10,526,009 10,311,487 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 483,761 489,311 515,286 589,265 566,023
31,571
Par Value 20 20 20 20 20
Total Equity 7,310,587 7,950,225 11,121,406 31,571,200 30,626,175
Revenues 5,606,439 4,539,848 5,435,869 13,563,153 3,208,298
11,121
Gross Profit 2,167,663 1,609,682 1,713,665 2,567,243 472,416
7,311 7,950
EBT 1,512,633 792,764 809,314 1,402,345 79,793
Tax -546,891 -385,247 -332,918 -391,285 -38,587
2019 2020 2021 2022 2023
Profit/Loss for the period 965,742 407,517 476,396 1,011,060 41,206
Profit/Loss Period Attributable 987,684 510,546 515,663 910,934 46,637
Comprehensive Income 860,694 583,037 435,986 889,920 21,590 Total Revenue (Bill. Rp)
Comprehensive Attributable 991,747 686,900 476,045 787,038 27,061
13,563
Net Cash - Operating 1,720,209 1,692,138 1,896,128 7,218,610 -214,837
Net Cash - Investing -2,136,565 -986,052 -3,457,527 -17,573,057 -1,241,121
Net Cash - Financing 912,410 -688,781 3,519,398 14,525,092 447,805
Net Increase/Decrease in C&CE 496,055 17,305 1,957,999 4,170,644 -1,008,153
C&CE, end of period 691,569 719,726 2,646,479 6,921,431 5,703,884 5,606 5,436
4,540
Ratios Dec 2019 Dec 2020 Dec 2021 Dec 2022 Mar 2023 3,208
Current Ratio (%) 0.81 1.04 1.38 1.48 1.19
DAR (x) 0.45 0.39 0.39 0.48 0.49
DER (x) 0.81 0.65 0.64 0.91 0.96
EPS (IDR) 41.49 41.23 -1.79 52.59 52.59 2019 2020 2021 2022 2023
PER (x) 25.79 58.94 -2,172.88 78.35 79.68
BV (IDR) 334 363 486 1,309 1,270 Profit/Loss for the Period (Bill. Rp)
PBV (x) 10.48 2.95 5.00 2.97 3.24
ROA (%) 7.28 3.11 2.61 1.67 0.07
ROE (%) 13.21 5.13 4.28 3.20 0.13 966
1,011
GPM (%) 38.66 35.46 31.53 18.93 14.72

OPM (%) 33.66 29.24 23.84 12.83 8.40
NPM (%) 17.23 8.98 8.76 7.45 1.28
DPS (IDR) 0.00 0.00 0.00 0.00 0.00
476
DPR (%) 0.00 0.00 0.00 0.00 0.00 408
Dividend Yield (%) 0.00 0.00 0.00 0.00 0.00
Miscellaneous Dec 2019 Dec 2020 Dec 2021 Dec 2022 Mar 2023
41
2019 2020 2021 2022 2023

MEDC
Medco Energi Internasional Tbk.
MEDC Medco Energi Internasional Tbk.

Date: 31 Jul 2023 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/listed-companies/company-profiles/MEDC

Domestic 30,448.4 17,503.8
Others 11.86% 13.12% A1 Oil, Gas & Coal A111 Oil & Gas Production & Refinery
Year 2022 YTD 2023
Total 36,036.5 21,448.7
Fundamental & ESG
YTD 2023
3.46x 1.02x 36.67 High
D 7,121.6 1,457.0 8,578.6
-136.1 346.6
Buy

MEDC Sector PER Market PER
F 2,310.7 415.2 2,725.9 Domestic Buy". 7.08x 13.54x

2023 F - $0.00160 13-Jun-23 14-Jun-23 03-Jul-23 2020 RI 09-Sep-20 540 5:2 458 0.847
2022 I - Rp14.86 19-Aug-22 22-Aug-22 08-Sep-22 2017 RI 08-Dec-17 1,000 3:1 900 0.900
2022 F - $0.00140 05-Aug-22 08-Aug-22 26-Aug-22 2017 SS 11-Sep-17 3,490 4:1 870 0.250
2015 F - $0.00121 28-Apr-15 30-Apr-15 22-May-15 2000 SS 31-May-00 4,250 5:1 850 0.200
2014 F - $0.00151 28-May-14 02-Jun-14 16-Jun-14 1999 RI 22-Nov-99 3,575 10:11 3,550 0.989
Industry Peers
1. MEDC Medco Energi Internasional 28,403.94 03/31/23 102,360,687 27,730,725 74,629,962 8,358,553 1,335,273
4. ENRG Energi Mega Persada Tbk. 5,708.88 06/30/23 18,194,929 8,111,397 10,083,532 2,872,077 393,542
1. MEDC Medco Energi Internasional Tbk. 3.46 1.02 1.30 1.79 0.27 0.37
4. ENRG Energi Mega Persada Tbk. 5.41 0.70 2.16 3.90 0.45 0.80


Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 MEDC*
85.25%
IHSG
-0.28%
LQ45
-1.33%
Sector**
Highest 935 1,000 1,155 1,190 1,150 1,405 1,370 1,160 1,100 960 930 1,130
Lowest 580 870 930 1,000 1,015 1,000 1,060 860 1,000 840 880 890
Close 860 915 1,155 1,065 1,015 1,365 1,150 1,010 1,010 905 890 1,130
Adj. Close* 860 915 1,155 1,065 1,015 1,365 1,150 1,010 1,010 905 890 1,130
Growth (%) 6.40% 26.23% -7.79% -4.69% 34.48% -15.75% -12.17% 0.00% -10.40% -1.66% 26.97%
Volume (mill.) 4,127.69 3,504.97 1,721.70 1,457.28 856.61 1,250.09 1,946.99 1,519.91 1,096.03 1,844.91 784.87 1,882.35
Value (bill.) 3,038.55 3,289.33 1,734.92 1,613.80 933.00 1,513.04 2,309.35 1,483.28 1,156.10 1,691.99 712.56 1,858.03
Frequency (th.) 206.32 241.72 132.12 136.01 80.86 148.11 233.28 127.08 108.11 150.55 69.26 135.66
Days 22 22 21 22 22 21 20 21 14 21 17 20
Price (IDR) 2018 2019 2020 2021 2022 Industry: Oil & Gas Production & Refinery
Highest 1,575 1,025 915 760 1,190 No. Code 6M YTD 1Y 3Y 5Y
Lowest 620 630 312 434 462
Close 685 865 590 466 1,015 1. MEDC -19.0% 11.3% 85.2% 187.7% 34.8%
Adj. Close* 580 732 499 466 1,015 2. PGAS -11.7% -22.4% -18.8% 7.9% -19.7%
Growth (%) 26.28% -31.79% -6.70% 117.81% 3. AKRA 5.7% -1.1% 10.8% 140.5% 64.5%
4. ENRG -10.2% -21.8% -17.9% 360.0% 50.3%
Shares Traded 2018 2019 2020 2021 2022 5. RAJA -4.2% -12.9% -5.2% 664.7% 33.8%
Volume 25,607 7,277 24,562 18,280 24,191
Value 30,528 6,125 12,453 11,145 18,018 Note:
Index Membership

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


Date: 31 Jul 2023 v2.0.0

120
Current Assets 23,632,350 28,519,263 24,279,612 27,307,771 24,960,063
- - - - - -
100
Fixed Asset 566,835 512,637 718,759 965,218 1,049,843
- - - - - - 80
Total Assets 83,761,178 83,231,108 81,103,343 108,082,276 102,360,687
Trade Payable 2,107,192 2,444,292 2,692,541 2,969,113 4,132,504 60

40
- - - - - -
- - - - - -
20
- - - - - -
Common Stocks 1,528,445 1,717,974 1,737,949 1,899,089 1,824,183
27,247 27,731
Par Value 25 25 25 25 25
18,913
Total Equity 18,912,855 17,114,795 17,541,402 27,247,321 27,730,725 17,115 17,541
Revenues 20,056,966 15,420,637 18,881,334 36,052,253 8,358,553
Gross Profit 8,251,709 4,537,727 8,072,904 19,428,027 3,480,795
EBT 2,498,193 -1,386,290 4,076,664 16,303,020 2,484,488
Tax -2,780,260 -1,020,545 -3,308,991 -7,920,299 -1,181,902
2019 2020 2021 2022 2023
Profit/Loss for the period -188,718 -2,500,866 893,250 8,597,590 1,335,273
Profit/Loss Period Attributable -381,362 -2,665,501 670,920 8,277,523 1,228,949
Comprehensive Income -358,116 -3,156,486 1,210,225 9,176,616 1,528,806 Total Revenue (Bill. Rp)
Comprehensive Attributable -347,747 -3,175,145 990,516 8,439,546 1,511,879
36,052
Net Cash - Investing -3,756,197 -4,123,029 1,182,408 -16,573,710 410,194
Net Cash - Financing -1,669,090 -4,481,202 -5,088,569 1,004,556 -3,408,544
20,057
18,881
Net Increase/Decrease in C&CE 325,120 -2,141,413 2,699,826 1,838,344 -797,625
15,421
C&CE, end of period 6,361,936 4,181,805 6,863,173 9,355,178 8,192,491
Ratios Dec 2019 Dec 2020 Dec 2021 Dec 2022 Mar 2023 8,359
Current Ratio (%) 2.40 1.47 1.69 1.27 1.35
DAR (x) 0.77 0.79 0.78 0.75 0.73
DER (x) 3.43 3.86 3.62 2.97 2.69
EPS (IDR) -17.16 -103.26 33.06 231.32 231.32 2019 2020 2021 2022 2023
PER (x) -50.41 -5.71 14.09 4.39 4.37
BV (IDR) 1,056 681 698 1,084 1,103 Profit/Loss for the Period (Bill. Rp)
PBV (x) 0.65 1.27 0.85 0.43 0.92
ROA (%) -0.23 -3.00 1.10 7.95 1.30 8,598
ROE (%) -1.00 -14.61 5.09 31.55 4.82
GPM (%) 41.14 29.43 42.76 53.89 41.64
OPM (%) 25.20 15.47 30.50 44.36 31.96
NPM (%) -0.94 -16.22 4.73 23.85 15.97
DPS (IDR) 0.00 0.00 0.00 35.60 0.00
1,335
DPR (%) 0.00 0.00 0.00 15.39 0.00 893
Dividend Yield (%) 0.00 0.00 0.00 7.64 0.00
Miscellaneous Dec 2019 Dec 2020 Dec 2021 Dec 2022 Mar 2023 -189

-2,501
2019 2020 2021 2022 2023

PGAS
Perusahaan Gas Negara Tbk.
PGAS Perusahaan Gas Negara Tbk.

Date: 31 Jul 2023 v2.0.0

PT Perusahaan Gas Negara Tbk. has a main business field of Distribution and Established Listing Date IPO Price (IDR) IPO Lead Underwriter
transmission of natural gas. The company's President Director and President PT Danareksa
Commisioner are Arief Setiawan Handoko 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
subsidiaries. One of the biggest subsidiaries is PT Pertamina Gas.
https://www.idx.co.id/en/listed-companies/company-profiles/PGAS

Domestic 60,487.1 14,548.9
Others 22.75% 22.79% A1 Oil, Gas & Coal A112 Oil & Gas Storage & Distribution
Year 2022 YTD 2023
Total 78,916.5 18,803.5
Fundamental & ESG
YTD 2023
7.08x 0.62x 28.44 Medium
D 5,622.2 2,001.2 7,623.4
2,332.1 -698.0
Buy

PGAS Sector PER Market PER
F 7,858.9 2,521.8 10,380.8 Domestic Buy". 7.08x 13.54x

2023 F - Rp141.05 12-Jun-23 13-Jun-23 27-Jun-23 2008 SS 04-Aug-08 11,600 500:100 2,325 0.200
2022 F - Rp124.42 08-Jun-22 09-Jun-22 29-Jun-22 - - - - - - -
2020 F - Rp41.56 29-May-20 02-Jun-20 18-Jun-20 - - - - - - -
2019 F - Rp56.99 08-May-19 09-May-19 28-May-19 - - - - - - -
2018 F - Rp31.61 07-May-18 09-May-18 30-May-18 - - - - - - -
Industry Peers
4. SHIP Sillo Maritime Perdana Tbk. 3,807.71 06/30/23 6,473,507 2,752,261 3,721,247 1,116,581 218,257
5. HITS Humpuss Intermoda 3,728.07 06/30/23 3,446,593 1,308,752 2,137,842 830,379 150,661
4. SHIP Sillo Maritime Perdana Tbk. 10.87 1.40 3.37 5.87 0.43 0.74
5. HITS Humpuss Intermoda Transportasi 19.55 2.85 4.37 7.05 0.38 0.61


Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 PGAS*
-18.75%
IHSG
-0.28%
LQ45
-1.33%
Sector**
Highest 1,970 1,965 1,975 1,945 1,900 1,740 1,625 1,600 1,445 1,450 1,440 1,395
Lowest 1,600 1,700 1,735 1,795 1,755 1,525 1,525 1,335 1,355 1,345 1,305 1,310
Close 1,840 1,755 1,975 1,880 1,760 1,565 1,565 1,380 1,430 1,430 1,305 1,365
Adj. Close* 1,840 1,755 1,975 1,880 1,760 1,565 1,565 1,380 1,430 1,430 1,305 1,365
Growth (%) -4.62% 12.54% -4.81% -6.38% -11.08% 0.00% -11.82% 3.62% 0.00% -8.74% 4.60%
Volume (mill.) 2,757.61 3,033.44 1,668.21 1,456.22 587.91 841.08 788.67 864.47 859.52 1,243.66 1,064.90 865.90
Value (bill.) 4,908.92 5,538.42 3,093.75 2,713.00 1,075.62 1,332.05 1,253.28 1,250.56 1,200.55 1,734.83 1,452.18 1,178.27
Frequency (th.) 307.72 346.19 194.55 200.98 99.02 141.96 132.90 141.00 108.93 161.64 145.51 117.90
Days 22 22 21 22 22 21 20 21 14 21 17 20
Price (IDR) 2018 2019 2020 2021 2022 Industry: Oil & Gas Storage & Distribution
Lowest 1,525 1,805 605 975 1,275
Close 2,120 2,170 1,655 1,375 1,760 1. PGAS -11.7% -22.4% -18.8% 7.9% -19.7%
Adj. Close* 2,120 2,170 1,655 1,375 1,760 2. AKRA 5.7% -1.1% 10.8% 140.5% 64.5%
Growth (%) 2.36% -23.73% -16.92% 28.00% 3. RAJA -4.2% -12.9% -5.2% 664.7% 33.8%
4. SHIP 40.0% 59.1% 12.0% 137.3% 90.5%
Shares Traded 2018 2019 2020 2021 2022 5. HITS 34.6% 43.4% -27.1% 1.9% -25.0%
Volume 24,981 13,020 36,696 38,494 23,879
Value 54,178 28,653 44,144 52,521 39,458 Note:
Index Membership

1. BISNIS-27 11. IDXSMC-COM 21. SMinfra18 31.
3. ESGQKEHATI 13. IDXV30 23. 33.
4. ESGSKEHATI 14. Investor33 24. 34.
5. IDX30 15. ISSI 25. 35.
6. IDX80 16. JII 26. 36.
7. IDXBUMN20 17. JII70 27. 37.
8. IDXENERGY 18. KOMPAS100 28. 38.
9. IDXLQ45LCL 19. LQ45 29. 39.
10. IDXMESBUMN 20. MBX 30. 40.


Date: 31 Jul 2023 v2.0.0

Inventories 987,275 971,750 781,265 929,170 1,045,692 Asset Liabilities
120
Current Assets 30,950,369 28,291,609 31,265,869 34,495,196 31,168,840
- - - - - -
100
Fixed Asset 59,238,651 65,084,334 63,467,948 57,512,933 53,961,978
- - - - - - 80
Total Assets 102,826,430 106,266,878 107,173,730 112,182,254 104,020,001
Trade Payable 3,626,983 3,033,637 2,360,764 3,683,110 3,356,662 60

40
- - - - - -
- - - - - -
20
Long-term Bonds Payable 27,351,606 27,706,774 28,072,242 20,630,008 - 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 4,797,343 4,852,386 4,908,805 5,363,942 5,160,282
50,357
Par Value 100 100 100 100 100 45,102
46,873
Total Equity 45,102,326 41,686,465 46,872,589 53,664,088 50,356,580
Revenues 53,670,368 40,700,487 43,322,125 55,641,530 26,749,520
Gross Profit 17,115,660 12,051,557 8,373,744 12,170,217 5,521,700
EBT 3,903,240 -2,473,390 6,677,020 8,461,845 4,127,583
Tax -2,327,717 -570,015 -1,475,483 -2,204,112 -1,140,267
2019 2020 2021 2022 2023
Profit/Loss for the period 1,575,523 -3,043,405 5,201,538 6,257,733 2,987,316
Profit/Loss Period Attributable 942,460 -3,734,631 4,335,263 5,086,729 2,179,850
Comprehensive Income 1,809,822 -2,980,202 5,036,861 6,079,417 3,123,780 Total Revenue (Bill. Rp)
Comprehensive Attributable 1,167,216 -3,669,477 4,169,590 4,908,414 2,316,314 55,642
53,670
40,700
Net Cash - Investing -13,105,115 578,893 -1,686,287 473,715 -44,800
Net Increase/Decrease in C&CE -3,965,025 2,050,957 4,720,745 67,640 -2,773,984 26,750
C&CE, end of period 14,508,050 16,630,423 21,450,498 22,571,772 19,330,392
Current Ratio (%) 1.98 1.70 2.49 2.23 1.08
DAR (x) 0.56 0.61 0.56 0.52 0.52
DER (x) 1.28 1.55 1.29 1.09 1.07
EPS (IDR) 124.11 -3.84 -17.75 204.87 192.78 2019 2020 2021 2022 2023
PER (x) 17.49 -431.39 -77.46 8.59 6.77
PBV (x) 1.14 1.26 0.86 0.62 0.85
ROA (%) 1.53 -2.86 4.85 5.58 2.87
ROE (%) 3.49 -7.30 11.10 11.66 5.93 6,258
5,202
GPM (%) 31.89 29.61 19.33 21.87 20.64
OPM (%) 13.47 11.29 13.83 16.31 15.62
2,987
NPM (%) 2.94 -7.48 12.01 11.25 11.17
DPS (IDR) 56.99 41.56 0.00 124.42 141.05 1,576
DPR (%) 45.92 n.a. 0.00 60.73 73.17

Dividend Yield (%) 2.69 1.92 0.00 9.05 8.01
-3,043
2019 2020 2021 2022 2023

PTBA
Bukit Asam Tbk.
PTBA Bukit Asam Tbk.

Date: 31 Jul 2023 v2.0.0

PT Bukit Asam Tbk. has a main business field of Coal mining (coal mining). The Established Listing Date IPO Price (IDR) IPO Lead Underwriter
company's President Director and President Commisioner are Arsal Ismali and PT Danareksa
Irwandy Arif. 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 (<5%) is
Huadian Bukit Asam Power.
https://www.idx.co.id/en/listed-companies/company-profiles/PTBA

Domestic 59,240.8 23,034.9
Year 2022 YTD 2023
Total 75,713.1 28,096.0
Fundamental & ESG
YTD 2023
2.79x 1.07x 33.63 High
D 9,830.5 1,874.3 11,704.8
670.3 -374.7
Buy

PTBA Sector PER Market PER
F 6,473.6 2,097.7 8,571.3 Domestic Buy". 7.08x 13.54x

2023 F - Rp10.94 26-Jun-23 27-Jun-23 14-Jul-23 2017 SS 14-Dec-17 11,200 5:1 2,240 0.200
2022 F - Rp688.52 06-Jun-22 07-Jun-22 24-Jun-22 - - - - - - -
2021 F - Rp74.69 14-Apr-21 15-Apr-21 07-May-21 - - - - - - -
2020 F - Rp326.46 19-Jun-20 22-Jun-20 10-Jul-20 - - - - - - -
2019 F - Rp339.63 07-May-19 08-May-19 29-May-19 - - - - - - -
Industry Peers
2. ADMR Adaro Minerals Indonesia 37,816.16 06/30/23 20,058,938 11,380,027 8,678,911 6,954,097 2,460,645
3. DSSA Dian Swastatika Sentosa Tbk 34,674.85 06/30/23 99,568,845 54,403,771 45,165,073 47,819,544 9,802,836
2. ADMR Adaro Minerals Indonesia Tbk. 7.20 3.72 12.27 28.35 0.57 1.31
3. DSSA Dian Swastatika Sentosa Tbk 3.28 0.69 9.85 21.70 0.55 1.20


Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 PTBA*
-35.58%
IHSG
-0.28%
LQ45
-1.33%
Sector**
Highest 4,360 4,470 4,290 3,830 3,820 3,730 3,860 4,010 4,140 3,860 3,850 2,880
Lowest 4,040 4,140 3,730 3,470 3,620 3,280 3,260 3,650 3,920 2,940 2,680 2,720
Close 4,250 4,170 3,910 3,800 3,690 3,450 3,860 3,990 4,140 3,060 2,680 2,770
Adj. Close* 4,250 4,170 3,910 3,800 3,690 3,450 3,860 3,990 4,140 3,060 2,680 2,770
Growth (%) -1.88% -6.24% -2.81% -2.89% -6.50% 11.88% 3.37% 3.76% -26.09% -12.42% 3.36%
Volume (mill.) 832.22 607.26 884.73 540.81 243.15 272.02 320.04 515.70 376.93 664.05 1,275.08 625.52
Value (bill.) 3,524.70 2,610.90 3,480.02 1,973.82 909.58 933.08 1,118.73 1,994.46 1,433.11 2,189.07 4,640.00 1,739.54
Frequency (th.) 195.95 158.20 202.09 154.19 93.14 105.37 105.32 112.65 74.29 193.62 275.44 219.82
Days 22 22 21 22 22 21 20 21 14 21 17 20
Lowest 2,440 2,150 1,485 2,000 2,670
Close 4,300 2,660 2,810 2,710 3,690 1. PTBA -18.5% -24.9% -35.6% 36.5% -38.2%
Adj. Close* 4,300 2,660 2,810 2,710 3,690 2. ADMR -43.6% -45.4% -49.9% n.a. n.a.
Growth (%) -38.14% 5.64% -3.56% 36.16% 3. DSSA 18.4% 13.1% 36.4% 115.6% 114.5%
4. ITMG -24.9% -30.3% -31.3% 244.3% -4.5%
Shares Traded 2018 2019 2020 2021 2022 5. HRUM -4.0% 2.5% -10.0% 603.4% 186.2%
Volume 9,020 7,343 11,504 9,467 9,963
Value 34,621 22,668 25,855 24,211 37,857 Note:
Index Membership

2. IDX30 12. Investor33 22. 32.
3. IDX80 13. ISSI 23. 33.
4. IDXBUMN20 14. JII 24. 34.
5. IDXENERGY 15. JII70 25. 35.
6. IDXHIDIV20 16. KOMPAS100 26. 36.
7. IDXMESBUMN 17. LQ45 27. 37.
8. IDXQ30 18. MBX 28. 38.
9. IDXSMC-COM 19. MNC36 29. 39.
10. IDXSMC-LIQ 20. 30. 40.


Date: 31 Jul 2023 v2.0.0

Inventories 1,383,064 805,436 1,207,585 3,837,187 2,967,884 Asset Liabilities
50
Current Assets 11,679,884 8,364,356 18,211,500 24,432,148 24,433,885
45
- - - - - -
40
Fixed Asset 7,272,751 7,863,615 8,321,231 76,330,482 8,231,012
- - - - - - 35
Total Assets 26,098,052 24,056,755 36,123,703 45,359,207 46,287,550 30
Trade Payable 1,020,094 697,381 1,270,363 1,935,818 2,149,350 25
Curr. Maturities - Bank Loans 152,353 106,883 3,700 2,240 320 20

- - - - - - 15
- - - - - - 10
Long-term Bank Loans 10,121 5,993 2,240 - - -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 1,152,066 1,152,066 1,152,066 1,152,066 1,152,066
28,916
Par Value 100 100 100 100 100
Total Equity 18,422,826 16,939,196 24,253,724 28,916,046 18,466,305
18,423 18,466
Revenues 21,787,564 17,325,192 29,261,468 42,648,590 18,858,578

Gross Profit 7,611,504 4,566,260 13,484,223 17,966,286 4,098,840
EBT 5,455,162 3,231,685 10,358,675 16,202,314 3,641,600
Tax -1,414,768 -823,758 -2,321,787 -3,422,887 -756,363
2019 2020 2021 2022 2023
42,649
Net Cash - Investing -3,784,778 113,585 -9,838,749 -1,294,274 7,430,039
29,261
Net Cash - Financing -2,033,191 -4,083,158 -911,583 -8,668,614 -446,205
Net Increase/Decrease in C&CE -1,521,490 -455,945 44,743 2,564,551 8,840,751 21,788
18,859
C&CE, end of period 4,756,801 4,340,947 4,394,195 7,030,343 15,820,876 17,325
Current Ratio (%) 2.49 2.16 2.43 2.28 1.15
DAR (x) 0.29 0.30 0.33 0.36 0.60
DER (x) 0.42 0.42 0.49 0.57 1.51
EPS (IDR) 364.16 232.96 471.03 1,140.77 994.31 2019 2020 2021 2022 2023
PER (x) 7.30 12.06 5.75 3.23 2.70
PBV (x) 2.69 1.81 1.33 1.08 2.30
ROA (%) 15.48 10.01 22.25 28.17 6.23 12,779
ROE (%) 21.93 14.22 33.14 44.19 15.62
GPM (%) 34.94 26.36 46.08 42.13 21.73
OPM (%) 22.25 14.05 33.80 34.29 14.56
8,037
NPM (%) 18.54 13.90 27.47 29.96 15.30
DPS (IDR) 339.63 326.46 74.69 688.52 10.94
DPR (%) 93.27 140.14 15.86 60.36 1.10
4,040
Dividend Yield (%) 7.90 12.27 2.66 25.41 0.30
2,885
2,408
2019 2020 2021 2022 2023

SCMA
Surya Citra Media Tbk.
SCMA Surya Citra Media Tbk.

Date: 31 Jul 2023 v2.0.0

PT Surya Citra Media Tbk. has a main business field of Media. The company's Established Listing Date IPO Price (IDR) IPO Lead Underwriter
President Director and President Commisioner are Sutanto Hartono and Adi W. PT CLSA Indonesia
Sariaatmadja. The largest shareholder of the company is PT Elang Mahkota
29 Jan 1999 16 Jul 2002 1,100
Teknologi Tbk (60.97%). The percentage of public shareholding (<5%) is
Indonesia Entertainmen Grup.
https://www.idx.co.id/en/listed-companies/company-profiles/SCMA

Domestic 15,221.8 3,696.7
Foreign 3,074.4 730.7 E Consumer Cyclicals E61 Media
Others 9.65% 16.73% E6 Media & Entertainment E612 Broadcasting
Year 2022 YTD 2023
Total 18,296.3 4,427.4
Fundamental & ESG
YTD 2023
18.37x 1.32x 15.35 Low
D 1,557.4 312.1 1,869.5
-253.2 -42.3
Buy

SCMA Sector PER Market PER
F 1,086.7 323.9 1,410.6 Domestic Buy". 17.07x 13.54x

2023 F - Rp6.50 23-Jun-23 26-Jun-23 14-Jul-23 2021 SS 29-Oct-21 2,220 5:1 444 0.200
2022 F - Rp2.50 08-Jul-22 11-Jul-22 29-Jul-22 2012 SS 29-Oct-12 10,450 5:1 2,100 0.200
2019 I - Rp25.00 06-Dec-19 09-Dec-19 27-Dec-19 - - - - - - -
2019 F - Rp31.00 27-May-19 28-May-19 14-Jun-19 - - - - - - -
2018 I - Rp20.00 13-Dec-18 12-Dec-18 28-Dec-18 - - - - - - -
Industry Peers
1. SCMA Surya Citra Media Tbk. 11,539.41 06/30/23 10,555,454 8,263,590 2,291,863 3,032,393 -35,488
2. MNCN Media Nusantara Citra Tbk. 9,481.37 06/30/23 22,437,209 20,745,343 1,691,866 4,446,018 829,822
3. NETV Net Visi Media Tbk. 3,400.71 06/30/23 1,598,975 -238,287 1,837,263 124,094 -147,404
4. MDIA Intermedia Capital Tbk. 1,960.78 06/30/23 8,391,971 2,987,581 5,404,389 424,064 41,996
5. VIVA Visi Media Asia Tbk. 823.21 06/30/23 9,231,870 -2,085,799 11,317,669 619,223 -501,404
1. SCMA Surya Citra Media Tbk. 18.37 1.32 -0.34 -1.55 0.78 3.61
2. MNCN Media Nusantara Citra Tbk. 5.93 0.46 3.70 49.05 0.92 12.26
3. NETV Net Visi Media Tbk. -14.18 -14.27 -9.22 -8.02 -0.15 -0.13
4. MDIA Intermedia Capital Tbk. 23.31 0.64 0.50 0.78 0.36 0.55
5. VIVA Visi Media Asia Tbk. -0.52 -0.50 -5.43 -4.43 -0.23 -0.18


Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 SCMA*
-29.09%
IHSG
-0.28%
LQ45
-1.33%
Sector**
Highest 252 224 240 268 242 232 234 218 187 173 166 174
Lowest 226 206 200 238 204 206 212 177 165 137 139 156
Close 226 206 234 250 206 230 216 188 165 138 162 156
Adj. Close* 226 206 234 250 206 230 216 188 165 138 162 156
Growth (%) -8.85% 13.59% 6.84% -17.60% 11.65% -6.09% -12.96% -12.23% -16.36% 17.39% -3.70%
Volume (mill.) 3,066.09 1,531.50 3,014.19 4,398.89 2,328.89 1,936.72 1,486.33 1,530.17 925.83 2,369.41 2,182.21 1,779.58
Value (bill.) 735.71 333.24 675.12 1,111.45 505.36 429.26 332.34 296.05 162.33 357.81 339.05 296.84
Frequency (th.) 167.30 116.32 158.59 251.21 115.57 102.66 101.38 96.88 69.79 106.17 138.04 97.44
Days 22 22 21 22 22 21 20 21 14 21 17 20
Price (IDR) 2018 2019 2020 2021 2022 Industry: Broadcasting

Highest 2,880 2,010 2,320 2,500 328 No. Code 6M YTD 1Y 3Y 5Y
Lowest 1,550 1,080 635 316 194
Close 1,870 1,410 2,290 326 206 1. SCMA -31.0% -24.3% -29.1% -39.3% -62.0%
Adj. Close* 374 282 458 65 206 2. MNCN -9.4% -14.9% -40.3% -23.2% -36.0%
Growth (%) -24.60% 62.41% -85.76% 215.95% 3. NETV -27.1% -32.9% -47.5% n.a. n.a.
4. MDIA 0.0% -3.8% 0.0% 0.0% -69.9%
Shares Traded 2018 2019 2020 2021 2022 5. VIVA 0.0% 0.0% 0.0% 0.0% -75.0%
Volume 4,120 4,984 8,296 8,054 37,454
Value 8,887 6,963 10,079 8,769 9,148 Note:
Index Membership

2. IDX80 12. KOMPAS100 22. 32.
3. IDXCYCLIC 13. LQ45 23. 33.
4. IDXESGL 14. MBX 24. 34.
5. IDXLQ45LCL 15. 25. 35.
6. IDXQ30 16. 26. 36.
7. IDXSMC-COM 17. 27. 37.
8. IDXSMC-LIQ 18. 28. 38.
9. ISSI 19. 29. 39.
10. JII 20. 30. 40.


Date: 31 Jul 2023 v2.0.0

Inventories 924,638 670,618 783,593 1,096,641 1,233,117 Asset Liabilities
12
Current Assets 3,559,332 3,609,041 6,660,356 7,629,133 6,991,746
- - - - - -
10
Fixed Asset 1,501,729 1,479,438 1,546,522 1,664,144 1,695,660
- - - - - - 8
Total Assets 6,716,724 6,766,903 9,913,441 10,959,097 10,555,454
Trade Payable 407,313 351,952 491,938 576,919 521,573 6

4
- - - - - -
- - - - - -
2
Current Liabilities 988,970 1,542,475 1,697,697 2,082,975 2,109,802
Long-term Bank Loans - 1,114,588 600,000 - - -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 738,734 738,955 739,706 739,706 739,706
8,264
Par Value 50 50 10 10 10
7,461
Total Equity 5,488,599 3,896,587 7,461,177 8,709,296 8,263,590
5,489
Revenues 5,523,362 5,101,113 5,930,261 7,132,534 3,032,393 3,897
Gross Profit 2,660,465 2,609,482 3,043,736 2,702,212 1,015,170

Operating Profit/Loss 1,483,290 1,455,371 1,694,877 917,954 111,466
EBT 1,452,612 1,488,100 1,725,634 1,095,326 88,001
Tax -401,447 -338,037 -387,648 -415,451 -123,489
2019 2020 2021 2022 2023
Profit/Loss for the period 1,051,165 1,150,063 1,337,986 679,875 -35,488
Profit/Loss Period Attributable 1,070,167 1,148,342 1,347,464 846,361 69,364
Comprehensive Income 1,043,528 1,185,214 1,335,260 692,504 -42,893 Total Revenue (Bill. Rp)
Comprehensive Attributable 1,063,458 1,178,136 1,346,238 853,214 65,612
7,133
Net Cash - Operating 1,193,086 1,844,554 1,324,801 -462,457 271,059 5,930
5,523
Net Cash - Investing -1,102,475 -228,210 -255,730 -735,641 -218,870 5,101
Net Cash - Financing -541,315 -1,491,738 1,450,004 209,486 -296,729

Net Increase/Decrease in C&CE -450,704 124,606 2,519,075 -988,612 -244,541
3,032
C&CE, end of period 544,543 677,880 3,232,181 2,330,538 2,040,851
Current Ratio (%) 3.60 2.34 3.92 3.66 3.31
DAR (x) 0.18 0.42 0.25 0.21 0.22
DER (x) 0.22 0.74 0.33 0.26 0.28
EPS (IDR) 88.20 66.06 17.56 15.06 8.49 2019 2020 2021 2022 2023
PER (x) 15.99 34.66 18.57 13.68 19.08
PBV (x) 5.03 5.35 22.70 2.77 1.84
ROA (%) 15.65 17.00 13.50 6.20 -0.34
ROE (%) 19.15 29.51 17.93 7.81 -0.43 1,338
GPM (%) 48.17 51.16 51.33 37.89 33.48 1,150

1,051
OPM (%) 26.85 28.53 28.58 12.87 3.68
NPM (%) 19.03 22.55 22.56 9.53 -1.17
680
DPS (IDR) 56.00 0.00 0.00 2.50 6.50
DPR (%) 63.49 0.00 0.00 16.60 76.54
Dividend Yield (%) 2.99 0.00 0.00 0.77 3.16
-35
2019 2020 2021 2022 2023

SIDO
Industri Jamu dan Farmasi Sido Muncul Tbk.
SIDO Industri Jamu dan Farmasi Sido Muncul Tbk.

Date: 31 Jul 2023 v2.0.0

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

Domestic 8,422.6 3,915.5
55% Institution 30.26% 29.72%
72%
Foreign 6,834.3 1,616.5 F Healthcare F21 Pharmaceuticals
45% Individual 0.17% 0.18%
28%
Others 35.82% 26.22% F2 Pharmaceuticals & Health Care F211 Pharmaceuticals
Year 2022 YTD 2023
Total 15,256.9 5,532.0 Research
Fundamental & ESG
YTD 2023
17.34x 5.88x 19.06 Low
D 1,399.4 552.2 1,951.5
-548.5 12.4
Buy

SIDO Sector PER Market PER
F 1,160.9 1,981.9 3,142.9 Domestic Buy". 21.29x 13.54x

2023 F - Rp23.00 10-Apr-23 11-Apr-23 28-Apr-23 2020 SS 14-Sep-20 1,495 2:1 745 0.500
2022 I - Rp13.50 08-Nov-22 09-Nov-22 18-Nov-22 - - - - - - -
2022 F - Rp22.70 08-Apr-22 11-Apr-22 28-Apr-22 - - - - - - -
2021 BS 131 : 1 Rp795.00 28-Sep-21 29-Sep-21 05-Oct-21 - - - - - - -
2021 I - Rp15.30 16-Aug-21 18-Aug-21 27-Aug-21 - - - - - - -
Industry Peers
1. SIDO Industri Jamu dan Farmasi 19,200.00 06/30/23 3,566,545 3,266,155 300,390 1,653,794 448,107
2. KLBF Kalbe Farma Tbk. 89,765.86 06/30/23 27,419,567 21,776,629 5,642,938 15,178,929 1,516,667
3. TSPC Tempo Scan Pacific Tbk. 7,644.22 06/30/23 11,365,781 7,784,749 3,581,033 6,486,693 709,590
4. SOHO Soho Global Health Tbk. 6,155.47 06/30/23 4,934,666 2,581,098 2,353,568 3,959,035 153,543
5. KAEF Kimia Farma Tbk. 4,728.03 06/30/23 20,599,661 9,367,359 11,232,302 4,946,438 19,474
1. SIDO Industri Jamu dan Farmasi Sido 17.34 5.88 12.56 149.18 0.92 10.87
2. KLBF Kalbe Farma Tbk. 26.38 3.92 5.53 26.88 0.79 3.86
3. TSPC Tempo Scan Pacific Tbk. 5.88 0.94 6.24 19.82 0.68 2.17
4. SOHO Soho Global Health Tbk. 19.42 2.38 3.11 6.52 0.52 1.10
5. KAEF Kimia Farma Tbk. -26.95 0.49 0.09 0.17 0.45 0.83


Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 SIDO*
-29.28%
IHSG
-0.28%
LQ45
-1.33%
Sector**
*Adjusted Close Price; **Healthcare
Highest 845 745 740 785 790 770 890 910 860 810 765 745
Lowest 705 705 635 730 740 705 780 820 790 725 720 640
Close 710 710 740 785 755 765 880 870 790 725 730 640
Adj. Close* 710 710 740 785 755 765 880 870 790 725 730 640
Growth (%) 0.00% 4.23% 6.08% -3.82% 1.32% 15.03% -1.14% -9.20% -8.23% 0.69% -12.33%
Volume (mill.) 1,725.45 955.46 712.59 498.56 303.59 438.22 505.29 540.58 271.45 403.24 392.89 1,040.98
Value (bill.) 1,322.07 684.85 493.26 377.46 231.08 326.23 421.22 473.14 221.67 312.64 289.66 721.46
Frequency (th.) 421.14 175.75 134.22 97.85 58.95 79.64 100.48 94.56 82.90 111.68 91.40 189.50
Days 22 22 21 22 22 21 20 21 14 21 17 20
Price (IDR) 2018 2019 2020 2021 2022 Industry: Pharmaceuticals

Highest 920 1,305 1,495 930 1,050 No. Code 6M YTD 1Y 3Y 5Y
Lowest 540 750 730 710 635
Close 840 1,275 805 865 755 1. SIDO -15.2% -15.2% -29.3% -1.5% 56.1%
Adj. Close* 420 638 403 865 755 2. KLBF -7.0% -8.4% 18.2% 22.4% 47.9%
Growth (%) 51.79% -36.86% 114.91% -12.72% 3. TSPC 20.6% 20.2% 22.8% 22.8% 13.0%
4. SOHO -13.8% -10.6% -18.5% n.a. n.a.
Shares Traded 2018 2019 2020 2021 2022 5. KAEF -18.9% -21.5% -37.9% -62.2% -63.5%
Volume 1,276 1,178 3,384 10,072 8,976
Value 947 1,289 3,324 7,552 7,628 Note:
Index Membership

2. IDX80 12. JII70 22. 32.
3. IDXESGL 13. KOMPAS100 23. 33.
4. IDXHEALTH 14. LQ45 24. 34.
5. IDXLQ45LCL 15. MBX 25. 35.
6. IDXQ30 16. PEFINDO25 26. 36.
8. IDXSMC-COM 18. 28. 38.
9. IDXSMC-LIQ 19. 29. 39.
10. Investor33 20. 30. 40.


Date: 31 Jul 2023 v2.0.0

Cash & Cash Equivalents 864,824 1,031,954 1,082,219 923,047 451,211
5
Current Assets 1,716,235 2,052,081 2,244,707 2,194,242 1,710,589
- - - - - - 4
Fixed Asset 1,593,059 1,568,264 1,588,101 10,760,268 1,596,174 4

- - - - - - 3
Total Assets 3,536,898 3,849,516 4,068,970 4,081,442 3,566,545 3
Trade Payable 154,138 203,691 188,668 209,323 106,116
2
- - - - - -
2
- - - - - -
- - - - - - 1
Current Liabilities 416,211 560,043 543,370 541,048 258,032 1

- - - - - - -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Total Liabilities 472,191 627,776 597,785 575,967 300,390
Common Stocks 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000
3,505
Par Value 100 50 50 50 50

Retained earnings 917,545 1,073,314 1,323,435 1,353,670 1,114,350
Total Equity 3,064,707 3,221,740 3,471,185 3,505,475 3,266,155 3,266
3,222
Revenues 3,067,434 3,335,411 4,020,980 3,865,523 1,653,794
3,065
Gross Profit 1,680,564 1,838,783 2,286,032 2,162,613 877,544
Interest & Finance Costs -154 -522 -862 780 242
EBT 1,073,835 1,199,548 1,613,231 1,419,852 577,979
Tax -266,146 -265,532 -352,333 -315,138 -129,872
2019 2020 2021 2022 2023
Profit/Loss for the period 807,689 934,016 1,260,898 1,104,714 448,107
Profit/Loss Period Attributable 807,689 934,016 1,260,898 1,104,714 448,107
Comprehensive Income 802,121 929,757 1,268,263 1,116,235 450,680 Total Revenue (Bill. Rp)
3,866
Net Cash - Operating 836,914 1,035,754 1,199,317 1,107,137 254,485
3,335
Net Cash - Investing -136,225 -95,119 -124,305 -179,622 -30,797 3,067
Net Cash - Financing -640,028 -774,907 -1,025,193 -1,088,230 -693,882
Net Increase/Decrease in C&CE 60,661 165,728 49,819 -160,715 -470,194
C&CE, end of period 864,824 1,031,954 1,082,219 923,047 451,211 1,654
Current Ratio (%) 4.12 3.66 4.13 4.06 6.63
DAR (x) 0.13 0.16 0.15 0.14 0.08
DER (x) 0.15 0.19 0.17 0.16 0.09
EPS (IDR) 50.81 29.00 34.07 37.19 37.00 2019 2020 2021 2022 2023
PER (x) 25.09 27.76 25.39 20.30 19.73
PBV (x) 4.11 11.87 6.96 7.40 6.93
ROA (%) 22.84 24.26 30.99 27.07 12.56 1,261
ROE (%) 26.35 28.99 36.32 31.51 13.72
1,105
GPM (%) 54.79 55.13 56.85 55.95 53.06
934
OPM (%) 33.17 34.35 38.80 35.56 34.61
808
NPM (%) 26.33 28.00 31.36 28.58 27.10
DPS (IDR) 43.00 39.50 848.10 36.20 23.00
DPR (%) 84.63 136.20 2,488.98 97.33 62.16 448
Dividend Yield (%) 5.12 3.10 105.35 4.18 3.05
2019 2020 2021 2022 2023

SMGR
Semen Indonesia (Persero) Tbk.
SMGR Semen Indonesia (Persero) Tbk.

Date: 31 Jul 2023 v2.0.0

PT Semen Indonesia (Persero) Tbk. has a main business field of Cement Established Listing Date IPO Price (IDR) IPO Lead Underwriter
Producer. The company's President Director and President Commisioner are 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 0.00%.
The company has 38 subsidiaries. One of the biggest subsidiaries is PT Solusi Stock Overview
Bangun Indonesia Tbk.
https://www.idx.co.id/en/listed-companies/company-profiles/SMGR

Domestic 26,632.7 12,498.5
62% 62% Institution 34.44% 26.33%
Foreign 16,561.0 8,455.0 B Basic Materials B12 Construction Materials
38% 38%
Others 16.91% 18.37% B1 Basic Materials B121 Construction Materials
Year 2022 YTD 2023
Total 43,193.7 20,953.5
Fundamental & ESG
YTD 2023
19.40x 0.99x 32.42 High
D 3,855.7 2,651.7 6,507.4
759.3 -516.3
Buy

SMGR Sector PER Market PER
F 4,996.5 3,663.7 8,660.2 Domestic Buy". 12.01x 13.54x

2023 F - Rp245.19 04-May-23 05-May-23 17-May-23 2022 RI 13-Dec-22 6,750 100000000:14266416 6,725 0.997
2022 F - Rp172.64 11-Apr-22 12-Apr-22 28-Apr-22 2007 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
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) 47,091.99 06/30/23 79,444,078 46,290,008 33,154,070 17,031,759 891,355
2. INTP Indocement Tunggal 38,376.84 06/30/23 24,906,388 19,716,366 5,190,022 7,970,017 698,432
3. CMNT Cemindo Gemilang Tbk. 15,498.58 06/30/23 17,945,836 4,107,953 13,837,883 4,320,736 211,633
4. SMCB Solusi Bangun Indonesia 13,619.27 06/30/23 20,890,931 11,862,259 9,028,672 5,573,437 253,991
5. SMBR Semen Baturaja (Persero) 3,794.23 06/30/23 4,715,381 3,084,577 1,630,804 847,093 16,626
1. SMGR Semen Indonesia (Persero) Tbk. 19.40 0.99 1.12 2.69 0.58 1.40
2. INTP Indocement Tunggal Prakarsa Tbk. 17.06 1.95 2.80 13.46 0.79 3.80
3. CMNT Cemindo Gemilang Tbk. 184.93 3.77 1.18 1.53 0.23 0.30
4. SMCB Solusi Bangun Indonesia Tbk. 16.36 1.15 1.22 2.81 0.57 1.31
5. SMBR Semen Baturaja (Persero) Tbk. 39.66 1.23 0.35 1.02 0.65 1.89


Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 SMGR*
7.19%
IHSG
-0.28%
LQ45
-1.33%
Sector**
Highest 7,025 7,500 7,950 8,250 7,700 7,400 7,750 7,250 6,375 6,125 6,150 7,000
Lowest 6,450 6,425 7,200 7,600 6,575 6,625 7,225 6,000 5,950 5,700 5,825 6,075
Close 6,600 7,475 7,950 7,600 6,575 7,225 7,225 6,300 5,950 5,800 6,075 6,975
Adj. Close* 6,600 7,475 7,950 7,600 6,593 7,245 7,245 6,318 5,967 5,816 6,092 6,994
Growth (%) 13.26% 6.35% -4.40% -13.25% 9.89% 0.00% -12.80% -5.56% -2.52% 4.74% 14.81%
Volume (mill.) 243.50 300.72 228.19 253.44 272.35 258.93 164.30 231.54 215.15 296.87 157.52 288.10
Value (bill.) 1,640.41 2,114.79 1,714.46 1,995.75 1,885.86 1,835.24 1,223.98 1,505.47 1,306.78 1,749.32 946.87 1,909.07
Frequency (th.) 101.17 112.15 80.61 86.76 81.60 89.86 76.54 96.04 77.36 105.81 65.21 94.36
Days 22 22 21 22 22 21 20 21 14 21 17 20
Price (IDR) 2018 2019 2020 2021 2022 Industry: Construction Materials
Lowest 6,725 10,475 5,875 7,225 5,950
Close 11,500 12,000 12,425 7,250 6,575 1. SMGR -5.7% 6.1% 7.2% -24.2% -8.0%
Adj. Close* 11,468 11,967 12,391 7,230 6,557 2. INTP 4.3% 5.3% 12.1% -15.8% -26.2%
Growth (%) 4.35% 3.54% -41.65% -9.31% 3. CMNT -4.7% 0.0% -12.6% n.a. n.a.
4. SMCB 10.2% 6.0% -7.4% 47.3% 94.8%
Shares Traded 2018 2019 2020 2021 2022 5. SMBR -6.4% -1.0% -20.1% -22.4% -88.1%
Volume 2,014 2,178 1,717 2,248 3,100
Value 19,276 26,928 16,567 20,592 21,597 Note:
Index Membership

1. BISNIS-27 11. IDXSMC-COM 21. SRI-KEHATI 31.
5. I-GRADE 15. JII 25. 35.
6. IDX30 16. JII70 26. 36.
7. IDX80 17. KOMPAS100 27. 37.
8. IDXBASIC 18. LQ45 28. 38.
9. IDXBUMN20 19. MBX 29. 39.
10. IDXMESBUMN 20. SMinfra18 30. 40.


Date: 31 Jul 2023 v2.0.0

90
Current Assets 16,658,531 15,564,604 15,270,235 18,878,979 16,529,754
Fixed Asset 56,601,702 56,053,483 54,720,267 407,432,526 57,032,013 70

- - - - - - 60
Total Assets 79,807,067 78,006,244 76,504,240 82,960,012 79,444,078 50
Trade Payable 5,669,759 6,520,699 7,612,522 8,095,924 6,712,389
40
Curr. Maturities - Bank Loans 2,052,348 1,100,000 - 499,666 600,000
30
- - - - - -
- - - - - - 20

- - - - - -
Common Stocks 593,152 593,152 593,152 675,154 675,154 47,239 46,290
Par Value 100 100 100 100 100 39,783
35,653
Total Equity 33,891,924 35,653,335 39,782,883 47,239,360 46,290,008
Revenues 40,368,107 35,171,668 34,957,871 36,378,597 17,031,759
Gross Profit 12,713,983 11,617,101 10,953,331 10,677,604 4,415,855
EBT 3,195,775 3,488,650 3,470,137 3,298,835 1,304,173
Tax -824,542 -814,307 -1,387,790 -799,752 -412,818
2019 2020 2021 2022 2023
Profit/Loss for the period 2,371,233 2,674,343 2,082,347 2,499,083 891,355
Profit/Loss Period Attributable 2,392,151 2,792,321 2,021,190 2,364,836 866,235
Comprehensive Income 2,268,151 2,317,236 2,157,170 2,918,601 747,527 Total Revenue (Bill. Rp)
Comprehensive Attributable 2,316,376 2,423,373 2,080,553 2,748,709 746,028
Net Cash - Operating 5,608,931 7,221,257 6,688,789 6,037,529 1,594,653 35,172 34,958
36,379
Net Cash - Investing -17,160,548 -2,251,194 -1,789,177 -566,637 -618,390
Net Cash - Financing 10,284,852 -6,003,196 -5,360,657 -2,440,997 -2,491,796
Net Increase/Decrease in C&CE -1,266,765 -1,033,133 -461,045 3,029,895 -1,515,533
C&CE, end of period 3,950,448 2,930,598 2,470,289 6,007,333 4,461,156 17,032
Current Ratio (%) 1.36 1.35 1.07 1.45 1.15
DAR (x) 0.58 0.54 0.48 0.43 0.42
DER (x) 1.35 1.19 0.92 0.76 0.72
EPS (IDR) 385.52 444.91 444.78 338.26 359.60 2019 2020 2021 2022 2023
PER (x) 31.13 27.93 16.30 19.44 16.89
PBV (x) 2.01 2.00 1.85 1.04 0.96
ROA (%) 2.97 3.43 2.72 3.01 1.12
2,674
ROE (%) 7.00 7.50 5.23 5.29 1.93 2,499
2,371
GPM (%) 31.50 33.03 31.33 29.35 25.93
2,082
OPM (%) 15.09 16.07 14.36 12.56 10.98
NPM (%) 5.87 7.60 5.96 6.87 5.23
DPS (IDR) 207.64 40.33 188.30 172.64 245.19
DPR (%) 53.86 9.06 42.34 51.04 68.18
891
Dividend Yield (%) 1.81 0.34 1.52 2.38 3.73
2019 2020 2021 2022 2023

SRTG
Saratoga Investama Sedaya Tbk.
SRTG Saratoga Investama Sedaya Tbk.

Date: 31 Jul 2023 v2.0.0

PT Saratoga Investama Sedaya Tbk. has a main business field of Holding Established Listing Date IPO Price (IDR) IPO Lead Underwriter
company activities. The company's President Director and President PT Deutsche
Commisioner are Michael W.P. Soeryadjaya and Edwin Soeryadjaya. The largest
17 May 1991 26 Jun 2013 5,500
Securities Indonesia
shareholder of the company is Edwin Soeryadjaya (33.10%). The percentage of
public shareholding (<5%) is 12.31%. The company has 13 subsidiaries. One of Stock Overview
the biggest subsidiaries is PT Wahana Anugerah Sejahtera.
https://www.idx.co.id/en/listed-companies/company-profiles/SRTG

Domestic 18,872.6 7,344.0
Foreign 4,545.2 1,797.3 G Financials G51 Holding & Investment Companies
Others 17.60% 19.47% G5 Holding & Investment Companies G512 Investment Companies
Year 2022 YTD 2023
Total 23,417.8 9,141.3
Fundamental & ESG
YTD 2023
-2.00x 0.47x 33.12 High
D 2,952.5 844.3 3,796.8
246.3 -249.6
Buy

SRTG Sector PER Market PER
F 1,951.5 444.2 2,395.7 Domestic Buy". 15.98x 13.54x

2023 F - Rp75.00 25-May-23 26-May-23 14-Jun-23 2021 SS 18-May-21 5,600 5:1 1,120 0.200
2022 F - Rp60.00 10-May-22 11-May-22 13-May-22 - - - - - - -
2021 F - Rp110.00 07-May-21 10-May-21 28-May-21 - - - - - - -
2020 F - Rp55.00 26-Jun-20 29-Jun-20 15-Jul-20 - - - - - - -
2019 F - Rp110.00 10-Jun-19 11-Jun-19 20-Jun-19 - - - - - - -
Industry Peers
1. SRTG Saratoga Investama Sedaya 21,839.38 06/30/23 48,603,561 46,587,904 2,015,657 1,607,971 -12,216,400
2. DNET Indoritel Makmur 63,828.00 06/30/23 18,879,314 12,815,824 6,063,490 670,263 498,082
3. LPPS Lenox Pasifik Investama Tbk. 170.82 06/30/23 981,029 980,987 42 120 -11,255
4. MGNA Magna Investama Mandiri 170.52 06/30/23 139,348 41,870 97,478 21,162 -2,954
5. NICK Charnic Capital Tbk. 126.97 06/30/23 193,630 191,751 1,878 -69,434 -71,718
1. SRTG Saratoga Investama Sedaya Tbk. -2.00 0.47 -25.13 -606.08 0.96 23.11
2. DNET Indoritel Makmur Internasional Tbk. 52.97 5.08 2.64 8.21 0.68 2.11
3. LPPS Lenox Pasifik Investama Tbk. -0.75 0.18 -1.15 -26894.93 1.00 23442.66
4. MGNA Magna Investama Mandiri Tbk. -39.28 4.07 -2.12 -3.03 0.30 0.43
5. NICK Charnic Capital Tbk. -1.08 0.66 -37.04 -3817.96 0.99 102.08


Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 SRTG*
-36.86%
IHSG
-0.28%
LQ45
-1.33%
Sector**
Highest 2,780 2,980 2,820 2,690 2,760 2,550 2,430 2,340 2,010 1,785 1,780 1,760
Lowest 2,430 2,590 2,350 2,410 2,500 2,310 2,230 1,900 1,835 1,535 1,550 1,610
Close 2,640 2,650 2,460 2,650 2,530 2,450 2,360 1,985 1,895 1,550 1,670 1,610
Adj. Close* 2,640 2,650 2,460 2,650 2,530 2,450 2,360 1,985 1,895 1,550 1,670 1,610
Growth (%) 0.38% -7.17% 7.72% -4.53% -3.16% -3.67% -15.89% -4.53% -18.21% 7.74% -3.59%
Volume (mill.) 351.28 553.36 366.24 342.57 275.86 306.39 299.42 336.07 240.35 403.30 397.51 372.36
Value (bill.) 912.01 1,560.31 930.48 880.96 735.40 741.97 691.78 695.28 458.49 686.66 662.31 634.16
Frequency (th.) 109.75 207.62 93.52 81.20 69.95 70.74 68.24 74.86 54.30 92.40 76.32 74.46
Days 22 22 21 22 22 21 20 21 14 21 17 20
Price (IDR) 2018 2019 2020 2021 2022 Industry: Investment Companies
Lowest 3,510 3,460 2,700 1,090 2,140
Close 3,800 3,620 3,430 2,800 2,530 1. SRTG -33.7% -36.4% -36.9% 191.7% 111.3%
Adj. Close* 760 724 686 560 2,530 2. DNET 11.1% 8.7% 22.3% 30.4% 36.4%
Growth (%) -4.74% -5.25% -18.37% 351.79% 3. LPPS -14.3% -18.5% -28.3% -12.0% -38.3%
4. MGNA 0.0% 0.0% 0.0% 0.0% -2.0%
Shares Traded 2018 2019 2020 2021 2022 5. NICK 8.3% 10.2% -56.3% -36.7% 51.2%
Volume 201 216 217 3,498 4,149
Value 775 844 720 7,556 11,709 Note:
Index Membership
No. Index Code

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


Date: 31 Jul 2023 v2.0.0

Cash on Hand 516 799 812 894 -
Current accounts (BI & Banks) 283,750 140,031 462,098 548,222 409,828 Total Asset & Liabilities (Bill. Rp)
Investment in Subsidiaries 25,681,182 34,191,566 59,453,052 61,376,907 - Asset Liabilities
70
- - - - - -
- - - - - - 60
- - - - - -
50
- - - - - -
Total Assets 26,657,523 35,048,949 61,151,527 63,771,150 48,603,561 40
Fund Borrowings 3,325,186 3,229,558 3,935,393 1,544,224 937,575
30
- - - - - -
- - - - - - 20
- - - - - -
- - - - - - 10
- - - - - - -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 271,297 271,297 271,297 271,297 271,297
Par Value 100 100 20 20 20 56,015

Total equity 22,774,165 31,396,627 56,014,782 59,816,437 46,587,904
Interest Income 22,130 17,420 8,496 21,473 11,810
22,774
Interest Expenses -316,879 -220,676 -192,137 -184,833 -54,456
Securities Income 6,226,088 8,418,729 24,408,177 3,725,989 -
Profit from Operation 7,738,088 8,693,225 25,696,068 5,858,672 -
EBT 7,738,088 8,693,225 25,696,068 5,858,672 -13,528,838
Tax -393,970 130,107 -804,242 -1,232,449 1,312,438
2019 2020 2021 2022 2023
Profit for the period 7,344,118 8,823,332 24,891,826 4,626,223 -12,216,400
Profit/Loss Period Attributable 7,371,033 8,825,428 24,889,900 4,616,367 -12,215,680
Comprehensive Income 7,341,816 8,824,883 24,895,209 4,586,222 -12,217,073 Total Revenue (Bill. Rp)
Comprehensive Attributable 7,369,027 8,825,999 24,893,268 4,587,086 -12,216,353
22
21
Net Cash - Operating 674,502 366,699 -362,643 3,707,312 1,171,423 17
Net Cash - Investing -243 -425 -453 -1,401 -743
Net Cash - Financing -1,064,590 -314,474 383,298 -3,385,721 -1,586,643
12
Net Increase/Decrease in C&CE -390,331 51,800 20,202 320,190 -415,963
C&CE, end of period 516 799 812 894 - 8
DAR (x) 0.15 0.10 0.08 0.06 0.04
DER (x) 0.17 0.12 0.09 0.07 0.04
EPS (IDR) 654.97 575.89 1,599.64 1,324.58 -246.18 2019 2020 2021 2022 2023
PER (x) 5.53 5.96 1.75 1.91 -6.78
PBV (x) 0.45 0.31 0.83 0.63 0.74
ROA (%) 27.55 25.17 40.71 7.25 -25.13
24,892
ROE (%) 32.25 28.10 44.44 7.73 -26.22
GPM (%) -1,431.90 -1,266.80 -2,261.50 -860.77 -461.10
OPM (%) 28,134.15 48,327.95 287,290.22 17,351.97 n.a.
NPM (%) 33,186.25 50,650.59 292,982.89 21,544.37 -103,441.15 8,823
7,344
DPS (IDR) 110.00 55.00 110.00 60.00 75.00 4,626
DPR (%) 16.79 9.55 6.88 4.53 n.a.
Dividend Yield (%) 2.89 1.52 3.21 2.14 2.96
Market Capitalization, billion IDR 9,821 9,305 37,982 34,319 22,653 -12,216
2019 2020 2021 2022 2023

TBIG
Tower Bersama Infrastructure Tbk.
TBIG Tower Bersama Infrastructure Tbk.

Date: 31 Jul 2023 v2.0.0

PT Tower Bersama Infrastructure Tbk. has a main business field of Provider of Established Listing Date IPO Price (IDR) IPO Lead Underwriter
Integrated Telecommunications Infrastructure Services 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 26.31%. The company has 11
subsidiaries. One of the biggest subsidiaries is PT Tower Bersama dan Entitas Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
https://www.idx.co.id/en/listed-companies/company-profiles/TBIG

Domestic 63,518.1 9,092.0
73% 74%
Year 2022 YTD 2023
Total 159,299.8 13,500.9
Fundamental & ESG
YTD 2023
28.13x 3.54x 23.25 Medium
D 2,501.8 2,787.9 5,289.7
14,898.4 -1,487.4
Buy

TBIG Sector PER Market PER
F 27,972.8 27,367.3 55,340.0 Domestic Buy". 13.47x 13.54x

2023 F - Rp35.35 13-Jun-23 14-Jun-23 05-Jul-23 2019 SS 14-Nov-19 5,475 5:1 1,095 0.200
2022 F - Rp36.00 03-Jun-22 06-Jun-22 22-Jun-22 - - - - - - -
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
2. MTEL Dayamitra Telekomunikasi 54,710.51 06/30/23 56,789,975 33,061,933 23,728,042 4,129,547 1,022,241
3. TOWR Sarana Menara Nusantara 51,779.84 06/30/23 66,385,698 15,146,604 51,239,094 5,776,278 1,598,969
5. EXCL XL Axiata Tbk. 29,801.54 06/30/23 83,694,707 25,875,773 57,818,934 15,764,527 657,524
2. MTEL Dayamitra Telekomunikasi Tbk. 28.56 1.65 1.80 4.31 0.58 1.39
3. TOWR Sarana Menara Nusantara Tbk. 15.50 3.40 2.41 3.12 0.23 0.30
5. EXCL XL Axiata Tbk. 26.02 1.15 0.79 1.14 0.31 0.45


Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 TBIG*
-37.13%
IHSG
-0.28%
LQ45
-1.33%
Sector**
Highest 3,180 2,940 2,850 2,470 2,410 2,330 2,240 2,230 2,150 2,130 2,230 2,040
Lowest 2,820 2,750 2,380 2,290 2,280 2,060 2,060 2,050 2,060 1,920 2,010 1,890
Close 2,820 2,830 2,460 2,320 2,300 2,060 2,090 2,160 2,060 2,130 2,010 1,930
Adj. Close* 2,820 2,830 2,460 2,320 2,300 2,060 2,090 2,160 2,060 2,130 2,010 1,930
Growth (%) 0.35% -13.07% -5.69% -0.86% -10.43% 1.46% 3.35% -4.63% 3.40% -5.63% -3.98%
Volume (mill.) 3,324.55 1,553.38 444.48 1,089.35 590.64 338.25 383.51 1,663.63 140.55 242.95 179.57 213.67
Value (bill.) 10,466.48 4,393.52 1,149.20 2,544.84 1,382.47 739.17 812.70 3,606.62 297.44 492.24 379.96 422.31
Frequency (th.) 77.45 78.06 69.96 89.67 51.67 42.24 47.77 45.32 21.13 39.46 29.58 36.46
Days 22 22 21 22 22 21 20 21 14 21 17 20
Lowest 3,520 1,000 740 1,610 2,280
Close 3,600 1,230 1,630 2,950 2,300 1. TBIG -8.1% -16.1% -37.1% 49.6% 83.8%
Adj. Close* 720 246 1,630 2,950 2,300 2. MTEL -3.0% -18.1% -10.3% n.a. n.a.
Growth (%) -65.83% 562.60% 80.98% -22.03% 3. TOWR -9.4% -7.7% -13.6% -10.6% 93.3%
4. SUPR 0.0% 0.0% -7.0% 631.2% 400.0%
Shares Traded 2018 2019 2020 2021 2022 5. EXCL -1.3% 6.1% -4.2% -9.2% -17.5%
Volume 544 4,108 14,305 14,918 26,050
Value 2,690 13,711 17,480 39,301 79,650 Note:
Frequency 208 549 748 1,679 864 Base date: 6M = Jan 31, 2023; YTD = Dec 30, 2022; 1Y = Jul 29, 2022; 3Y = Jul 30, 2020; 5Y = Jul 31, 2018;
Index Membership

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


Date: 31 Jul 2023 v2.0.0

Cash & Cash Equivalents 525,242 947,341 629,125 966,386 909,148
50
Current Assets 2,376,740 3,227,394 3,021,253 3,565,804 4,276,834
45
40
Fixed Asset 24,649,294 28,738,362 33,637,904 34,427,639 34,479,743
- - - - - - 35
Total Assets 30,871,710 36,521,303 41,870,435 43,139,968 43,617,467 30
Trade Payable 247,591 571,000 37,435 255,607 72,277 25
Curr. Maturities - Bank Loans - 3,857,445 148,885 206,438 1,235,637 20

- - - - - - 15
- - - - - - 10
- - - - - -
Common Stocks 453,140 453,140 453,140 453,140 453,140 11,303
10,920
9,789
Par Value 20 20 20 20 20 9,304
Total Equity 5,523,284 9,303,838 9,789,238 10,920,383 11,302,584
Revenues 4,698,742 5,327,689 6,179,584 6,524,369 3,279,861
Gross Profit 3,795,288 4,234,624 4,706,804 4,741,044 2,506,600
EBT 1,303,989 1,665,177 1,935,964 2,405,199 1,090,222
Tax -437,868 -598,601 -334,611 -493,433 -373,700
2019 2020 2021 2022 2023
Profit/Loss for the period 866,121 1,066,576 1,601,353 1,689,441 716,522
Profit/Loss Period Attributable 819,454 1,009,625 1,548,975 1,637,579 688,796
Comprehensive Income 2,398,818 4,398,787 1,362,365 -551,194 454,161 Total Revenue (Bill. Rp)
Comprehensive Attributable 2,285,137 4,323,265 1,311,014 -625,646 432,903 6,524
6,180
5,328
4,699
Net Cash - Financing -1,339,700 -1,316,568 2,388,389 -592,554 -905,621
Net Increase/Decrease in C&CE 312,232 418,002 -322,573 313,703 -41,053 3,280
C&CE, end of period 525,242 947,341 629,125 966,386 909,148
Current Ratio (%) 0.53 0.23 0.36 0.41 0.35
DAR (x) 0.82 0.75 0.77 0.75 0.74
DER (x) 4.59 2.93 3.28 2.95 2.86
EPS (IDR) 29.53 42.15 59.28 74.63 68.60 2019 2020 2021 2022 2023
PER (x) 41.65 38.67 49.76 30.82 29.30
PBV (x) 14.77 3.00 3.77 6.12 4.61
ROA (%) 2.81 2.92 3.82 3.92 1.64 1,689
1,601
ROE (%) 15.68 11.46 16.36 15.47 6.34
GPM (%) 80.77 79.48 76.17 72.67 76.42
OPM (%) 71.70 71.63 69.68 65.64 65.94
1,067
NPM (%) 18.43 20.02 25.91 25.89 21.85
866
DPS (IDR) 138.69 28.00 32.00 36.00 35.35
717
DPR (%) 469.64 66.43 53.98 48.24 51.52
Dividend Yield (%) 3.85 2.28 1.96 1.22 1.54
2019 2020 2021 2022 2023

TLKM
Telkom Indonesia (Persero) Tbk.
TLKM Telkom Indonesia (Persero) Tbk.

Date: 31 Jul 2023 v2.0.0

PT Telkom Indonesia (Persero) Tbk. has a main business field of Established Listing Date IPO Price (IDR) IPO Lead Underwriter
Telecommodation Network and Service Organizers. The company's President 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
47.91%. The company has 13 subsidiaries. One of the biggest subsidiaries is PT
Telekomunikasi Selular. Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
https://www.idx.co.id/en/listed-companies/company-profiles/TLKM

Domestic 104,122.0 40,522.4
35% 42%
Foreign 208,274.5 70,893.3 J Infrastructures J31 Telecommunication Service
65% 58% Individual 0.23% 0.09%
Others 26.06% 29.68% J3 Telecommunication J312 Integrated Telecommunication Service
Year 2022 YTD 2023
Total 312,396.5 111,415.7
Fundamental & ESG
YTD 2023
18.24x 2.63x 27.09 Medium
D 8,106.7 12,823.4 20,930.0
5,536.0 -1,337.6
Buy

TLKM Sector PER Market PER
F 36,011.8 70,893.4 106,905.3 Domestic Buy". 13.47x 13.54x

2023 F - Rp167.60 12-Jun-23 13-Jun-23 05-Jul-23 2013 SS 28-Aug-13 10,100 5:1 2,025 0.200
2022 F - Rp149.97 08-Jun-22 09-Jun-22 30-Jun-22 2004 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) 368,511.45 06/30/23 290,478,000 140,351,000 150,127,000 73,478,000 16,821,000
2. MORA Mora Telematika Indonesia 11,019.35 06/30/23 14,660,662 6,644,504 8,016,159 2,324,466 411,349
3. LINK Link Net Tbk. 5,397.12 03/31/23 12,319,612 4,919,084 7,400,528 977,700 -58,857
4. KETR Ketrosden Triasmitra Tbk 537.00 06/30/23 1,676,459 902,321 774,138 197,076 37,237
5. KBLV First Media Tbk. 200.35 06/30/23 1,190,236 -449,873 1,640,109 43,078 -20,960
1. TLKM Telkom Indonesia (Persero) Tbk. 18.24 2.63 5.79 11.20 0.48 0.93
2. MORA Mora Telematika Indonesia Tbk 18.82 1.66 2.81 5.13 0.45 0.83
3. LINK Link Net Tbk. 100.38 1.10 -0.48 -0.80 0.40 0.66
4. KETR Ketrosden Triasmitra Tbk 7.01 0.60 2.22 4.81 0.54 1.17
5. KBLV First Media Tbk. -3.08 -0.45 -1.76 -1.28 -0.38 -0.27


Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 TLKM*
-12.06%
IHSG
-0.28%
LQ45
-1.33%
Sector**
Highest 4,750 4,620 4,460 4,420 4,000 3,970 4,040 4,120 4,400 4,200 4,170 4,000
Lowest 4,300 4,380 4,200 3,970 3,600 3,710 3,760 3,880 4,060 3,980 3,940 3,720
Close 4,560 4,460 4,390 4,040 3,750 3,960 3,880 4,060 4,250 4,040 4,000 3,720
Adj. Close* 4,560 4,460 4,390 4,040 3,750 3,960 3,880 4,060 4,250 4,040 4,000 3,720
Growth (%) -2.19% -1.57% -7.97% -7.18% 5.60% -2.02% 4.64% 4.68% -4.94% -0.99% -7.00%
Volume (mill.) 4,373.60 2,426.22 2,273.49 3,630.75 4,322.08 2,069.62 1,778.07 1,898.78 1,551.15 2,985.23 1,567.30 2,086.78
Value (bill.) 19,956.25 10,910.57 9,923.74 14,928.02 16,166.86 8,001.73 6,855.15 7,635.48 6,638.76 12,169.59 6,331.51 8,075.66
Frequency (th.) 304.77 244.13 209.67 323.36 358.51 209.14 240.45 191.51 155.29 289.00 205.63 291.62
Days 22 22 21 22 22 21 20 21 14 21 17 20
Price (IDR) 2018 2019 2020 2021 2022 Industry: Integrated Telecommunication Service
Lowest 3,270 3,510 2,560 3,010 3,600
Close 3,750 3,970 3,310 4,040 3,750 1. TLKM -3.4% -0.8% -12.1% 22.0% 4.2%
Adj. Close* 3,750 3,970 3,310 4,040 3,750 2. MORA 6.4% -16.8% n.a. n.a. n.a.
Growth (%) 5.87% -16.62% 22.05% -7.18% 3. LINK -11.5% -28.1% -59.5% -1.0% -55.4%
4. KETR -17.8% -31.5% n.a. n.a. n.a.
Shares Traded 2018 2019 2020 2021 2022 5. KBLV 35.3% 16.2% -50.4% -66.8% -76.0%
Volume 29,619 25,565 40,566 28,785 36,462
Value 111,288 102,370 127,864 100,121 156,198 Note:
Index Membership

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


Date: 31 Jul 2023 v2.0.0

Inventories 585,000 983,000 779,000 1,144,000 1,118,000 Asset Liabilities
350
Current Assets 41,722,000 46,503,000 61,277,000 55,057,000 65,890,000
- - - - - - 300
Fixed Asset 156,973,000 160,923,000 165,026,000 173,329,000 175,471,000
250
- - - - - -
Total Assets 221,208,000 246,943,000 277,184,000 275,192,000 290,478,000 200
Trade Payable 13,897,000 16,999,000 17,170,000 18,457,000 15,370,000
150
- - - - - - 100
- - - - - -

- - - - - -
Common Stocks 4,953,000 4,953,000 4,953,000 4,953,000 4,953,000 149,262
145,399
Par Value 50 50 50 50 50 120,889

117,250
Total Equity 117,250,000 120,889,000 145,399,000 149,262,000 140,351,000
Revenues 135,567,000 136,462,000 143,210,000 147,306,000 73,478,000
- - - - - -
Operating Profit/Loss -5,077,000 -5,406,000 -5,181,000 -5,440,000 -3,093,000
EBT 37,908,000 38,775,000 43,678,000 36,339,000 21,302,000
Tax -10,316,000 -9,212,000 -9,730,000 -8,659,000 -4,481,000
2019 2020 2021 2022 2023
147,306
143,210
135,567 136,462
Net Cash - Financing -18,247,000 -27,753,000 -12,986,000 -40,837,000 798,000
Net Increase/Decrease in C&CE 911,000 2,308,000 17,664,000 -6,733,000 8,749,000 73,478
C&CE, end of period 18,242,000 20,589,000 38,311,000 31,947,000 40,521,000
Current Ratio (%) 0.71 0.67 0.89 0.78 0.69
DAR (x) 0.47 0.51 0.48 0.46 0.52
DER (x) 0.89 1.04 0.91 0.84 1.07
EPS (IDR) 204.51 190.62 232.15 226.82 212.58 2019 2020 2021 2022 2023
PER (x) 19.41 17.36 17.40 16.53 18.82
PBV (x) 3.17 3.25 2.26 2.68 2.65
ROA (%) 12.47 11.97 12.25 10.06 5.79
ROE (%) 23.53 24.45 23.35 18.54 11.98 33,948
GPM (%) 0.00 0.00 0.00 0.00 0.00 29,563

27,592 27,680
OPM (%) -3.75 -3.96 -3.62 -3.69 -4.21
NPM (%) 20.35 21.66 23.71 18.79 22.89
DPS (IDR) 163.82 154.07 168.01 149.97 167.60 16,821
DPR (%) 80.11 80.83 72.37 66.12 78.84
Dividend Yield (%) 4.37 3.88 5.08 3.71 4.47
2019 2020 2021 2022 2023

TOWR
Sarana Menara Nusantara Tbk.
TOWR Sarana Menara Nusantara Tbk.

Date: 31 Jul 2023 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 20 subsidiaries. One of the biggest subsidiaries is PT Profesional
Telekomunikasi Indonesia. Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
https://www.idx.co.id/en/listed-companies/company-profiles/TOWR

Domestic 27,023.0 4,605.8
62% 60% Institution 62.05% 42.97%
38% 40% Individual 0.72% 0.42%
Year 2022 YTD 2023
Total 43,539.3 7,963.9
Fundamental & ESG
YTD 2023
15.50x 3.40x 26.29 Medium
D 1,467.9 995.9 2,463.8
-679.2 -321.8
F 674.1 844.0 1,518.1 *Total trading value by Foreign is the sum of
Buy

TOWR Sector PER Market PER
F 3,012.9 4,905.7 7,918.5 Domestic Buy". 13.47x 13.54x

2023 F - Rp181.10 16-May-23 17-May-23 31-May-23 2018 SS 28-Jun-18 3,040 5:1 610 0.200
2022 I - Rp6.00 15-Dec-22 16-Dec-22 22-Dec-22 2013 SS 22-Jul-13 27,850 10:1 2,775 0.100
2022 F - Rp18.10 08-Jun-22 09-Jun-22 30-Jun-22 - - - - - - -
2021 I - Rp6.00 16-Dec-21 17-Dec-21 22-Dec-21 - - - - - - -
2021 F - Rp22.09 10-Jun-21 11-Jun-21 18-Jun-21 - - - - - - -
Industry Peers
1. TOWR Sarana Menara Nusantara 51,779.84 06/30/23 66,385,698 15,146,604 51,239,094 5,776,278 1,598,969
2. ISAT Indosat Tbk. 74,176.87 06/30/23 109,895,528 31,067,452 78,828,076 24,674,756 2,043,912
3. MTEL Dayamitra Telekomunikasi 54,710.51 06/30/23 56,789,975 33,061,933 23,728,042 4,129,547 1,022,241
1. TOWR Sarana Menara Nusantara Tbk. 15.50 3.40 2.41 3.12 0.23 0.30
2. ISAT Indosat Tbk. 13.43 2.28 1.86 2.59 0.28 0.39
3. MTEL Dayamitra Telekomunikasi Tbk. 28.56 1.65 1.80 4.31 0.58 1.39


Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 TOWR*
-13.62%
IHSG
-0.28%
LQ45
-1.33%
Sector**
Highest 1,265 1,285 1,235 1,180 1,155 1,175 1,130 1,030 1,055 1,035 1,060 1,110
Lowest 1,185 1,190 1,105 1,125 1,055 1,115 1,050 895 915 960 995 1,010
Close 1,240 1,235 1,155 1,130 1,100 1,125 1,050 925 1,025 990 1,055 1,015
Adj. Close* 1,240 1,235 1,155 1,130 1,100 1,125 1,050 925 1,025 990 1,055 1,015
Growth (%) -0.40% -6.48% -2.16% -2.65% 2.27% -6.67% -11.90% 10.81% -3.41% 6.57% -3.79%
Volume (mill.) 1,263.07 3,704.21 1,318.77 827.14 1,138.09 551.61 547.19 832.46 442.81 506.69 395.95 585.87
Value (bill.) 1,560.49 4,719.13 1,530.90 945.96 1,250.90 628.34 600.47 790.96 428.98 507.29 403.07 622.85
Frequency (th.) 76.43 93.48 59.00 54.13 44.60 54.56 49.79 78.42 55.14 65.25 47.36 65.06
Days 22 22 21 22 22 21 20 21 14 21 17 20
Highest 4,000 855 1,160 1,590 1,285 No. Code 6M YTD 1Y 3Y 5Y
Lowest 458 610 590 935 880
Close 690 805 960 1,125 1,100 1. TOWR -9.4% -7.7% -13.6% -10.6% 93.3%
Adj. Close* 138 805 960 1,125 1,100 2. ISAT 50.8% 49.0% 37.8% 300.0% 162.1%
Growth (%) 483.33% 19.25% 17.19% -2.22% 3. MTEL -3.0% -18.1% -10.3% n.a. n.a.
4. TBIG -8.1% -16.1% -37.1% 49.6% 83.8%
Shares Traded 2018 2019 2020 2021 2022 5. SUPR 0.0% 0.0% -7.0% 631.2% 400.0%
Volume 4,430 10,230 40,123 20,296 19,337
Value 4,589 7,496 40,006 24,239 21,770 Note:
Index Membership

1. COMPOSITE 11. MBX 21. 31.
2. ESGSKEHATI 12. SMinfra18 22. 32.
3. IDX30 13. 23. 33.
4. IDX80 14. 24. 34.
5. IDXESGL 15. 25. 35.
6. IDXINFRA 16. 26. 36.
7. IDXLQ45LCL 17. 27. 37.
8. Investor33 18. 28. 38.
9. KOMPAS100 19. 29. 39.
10. LQ45 20. 30. 40.


Date: 31 Jul 2023 v2.0.0

Cash & Cash Equivalents 593,765 1,442,627 4,748,364 308,636 485,822
Inventories - - - - 798 Asset Liabilities
70
Current Assets 2,474,389 3,002,332 7,398,138 3,651,134 3,770,606
- - - - - - 60
Fixed Asset 19,648,004 22,757,823 32,951,482 37,152,092 38,377,735
50
- - - - - -
Total Assets 27,665,695 34,249,550 65,828,670 65,625,136 66,385,698 40
Trade Payable 633,818 534,866 521,678 839,297 726,083
30
Curr. Maturities - Bank Loans 1,194,767 3,903,999 14,035,264 - -
- - - - - - 20
- - - - - -

- - - - - -
Common Stocks 510,146 510,146 510,146 510,146 510,146 15,147
14,432
Par Value 10 10 10 10 10 12,062
10,184
Total Equity 8,760,621 10,184,048 12,062,016 14,432,334 15,146,604
8,761
Revenues 6,454,302 7,445,426 8,635,346 11,035,650 5,776,278
Gross Profit 4,646,362 5,386,172 6,295,173 8,121,200 4,148,277
Interest & Finance Costs -957,884 -1,201,293 -1,370,274 2,391,801 1,485,708
EBT 3,008,859 3,398,921 4,050,968 4,459,251 1,997,185
Tax -655,770 -545,304 -603,093 -962,716 -398,216
2019 2020 2021 2022 2023
11,036
Net Cash - Financing 1,235,802 -860,035 15,728,237 -6,709,726 -3,020,370 6,454
5,776
Net Increase/Decrease in C&CE -338,146 934,297 3,307,398 -4,524,598 171,574
C&CE, end of period 593,765 1,442,627 4,748,364 308,636 485,822
Current Ratio (%) 0.54 0.42 0.34 0.25 0.22
DAR (x) 0.68 0.70 0.82 0.78 0.77
DER (x) 2.16 2.36 4.46 3.55 3.38
EPS (IDR) 40.99 52.01 68.75 67.30 65.49 2019 2020 2021 2022 2023
PER (x) 19.64 18.46 16.36 16.35 16.11
PBV (x) 4.02 4.03 4.06 3.98 3.70
ROA (%) 8.51 8.33 5.24 5.33 2.41
3,448 3,497
ROE (%) 26.86 28.02 28.58 24.23 10.56
GPM (%) 71.99 72.34 72.90 73.59 71.82 2,854
OPM (%) 62.53 63.94 64.55 65.33 62.88
2,353
NPM (%) 36.46 38.33 39.93 31.68 27.68
DPS (IDR) 23.52 23.86 28.09 24.10 181.10
1,599
DPR (%) 57.38 45.88 40.86 35.81 276.53
Dividend Yield (%) 3.41 2.96 2.93 2.14 16.46
2019 2020 2021 2022 2023

TPIA
Chandra Asri Petrochemical Tbk.
TPIA Chandra Asri Petrochemical Tbk.

Date: 31 Jul 2023 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 8.10%. The
company has 7 subsidiaries. One of the biggest subsidiaries is PT Chandra Asri Stock Overview
Perkasa.
For more information click here: Development 183,404,475,595,040 7,160,336,659,555
https://www.idx.co.id/en/listed-companies/company-profiles/TPIA

Domestic 17,145.0 5,741.9
Foreign 1,797.5 456.3 B Basic Materials B11 Chemicals
Year 2022 YTD 2023
Total 18,942.5 6,198.2
Fundamental & ESG
YTD 2023
-133.03x 4.30x 17.96 Low
D 2,673.3 214.1 2,887.4
241.1 -33.0
Buy

D 7,792.1 659.9 8,452.0 "Foreign Buy-Domestic Sell" minus "Foreign Sell-
TPIA Sector PER Market PER
F 900.9 118.3 1,019.3 Domestic Buy". 12.01x 13.54x
Total 8,693.0 778.2 9,471.2 foreign investors. Note: Please see Methodology for more details. ESG = Environmental, Social, & Governance.

2023 F - Rp5.14 29-May-23 30-May-23 21-Jun-23 2022 SS 23-Aug-22 9,025 4:1 2,260 0.250
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 F - Rp31.60 26-Apr-21 27-Apr-21 04-May-21 2017 RI 23-Aug-17 23,500 47:4 23,075 0.982
2019 I - Rp5.24 25-Oct-19 28-Oct-19 01-Nov-19 2013 RI 11-Nov-13 3,125 500:36 3,125 1.000
Industry Peers


Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 TPIA*
-10.74%
IHSG
-0.28%
LQ45
-1.33%
Sector**
Highest 9,350 2,650 2,480 2,410 2,580 2,510 2,350 2,360 2,360 2,360 2,100 2,150
Lowest 2,330 2,330 2,380 2,300 2,330 2,320 2,280 2,170 2,230 2,100 2,030 2,040
Close 2,440 2,400 2,440 2,390 2,570 2,340 2,310 2,340 2,360 2,140 2,100 2,120
Adj. Close* 9,760 9,600 9,760 9,560 10,280 9,360 9,240 9,360 9,440 8,560 8,400 8,480
Growth (%) -1.64% 1.67% -2.05% 7.53% -8.95% -1.28% 1.30% 0.85% -9.32% -1.87% 0.95%
Volume (mill.) 176.72 419.01 387.89 262.59 289.72 222.70 220.50 221.16 122.20 192.33 240.51 164.55
Value (bill.) 742.13 1,041.59 948.04 614.42 715.06 533.17 511.65 500.94 279.89 426.70 503.58 343.16
Frequency (th.) 41.67 71.68 49.97 41.52 37.29 28.71 27.08 28.40 16.13 29.26 35.26 27.09
Days 22 22 21 22 22 21 20 21 14 21 17 20
Lowest 4,450 4,700 5,250 6,850 2,300
Close 5,925 10,375 9,075 7,325 2,570 1. TPIA -8.2% -17.5% -10.7% 27.6% 86.9%
Adj. Close* 1,344 2,353 2,059 1,662 643 2. BRPT -6.1% 2.6% -13.9% -18.4% 113.5%
Growth (%) 75.11% -12.53% -19.28% -61.33% 3. ESSA -40.4% -35.5% -43.0% 280.6% 134.1%
4. AGII -0.8% 1.8% -17.0% 262.4% 234.7%
Volume 1,015 1,673 1,227 1,626 2,109
Value 5,721 12,787 9,915 10,819 9,471 Note:
Index Membership

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


Date: 31 Jul 2023 v2.0.0

90
Current Assets 19,749,146 21,187,755 41,756,659 35,573,834 30,677,805
- - - - - - 80
Fixed Asset 27,655,557 28,945,787 28,904,728 31,779,646 32,995,125 70

- - - - - - 60
Total Assets 48,127,137 50,689,801 71,245,973 76,866,549 75,201,255 50
Trade Payable 9,446,273 10,119,548 11,013,085 6,897,792 2,599,920
40
30
- - - - - -
- - - - - - 20

- - - - - -
Common Stocks 5,312,306 5,373,257 6,197,241 6,771,839 6,514,725
41,775
Par Value 1,000 200 200 50 50
Total Equity 24,557,033 25,550,192 41,774,852 43,799,581 42,675,180
24,557 25,550
Revenues 26,230,392 25,479,893 36,820,084 37,180,543 16,114,305
Gross Profit 2,386,157 2,329,046 4,923,105 -170,795 710,070
Operating Profit/Loss 1,207,219 1,148,965 3,620,174 -1,812,102 -148,965
Interest & Finance Costs -786,317 -916,458 -933,207 1,247,812 976,650
EBT 540,717 406,774 2,885,406 -2,751,598 4,035
Tax -210,960 320,226 -716,461 422,169 885
2019 2020 2021 2022 2023
Profit/Loss for the period 329,757 727,000 2,168,945 -2,329,429 4,920
Profit/Loss Period Attributable 319,089 724,320 2,170,615 -2,331,596 -8,790
Comprehensive Income 337,148 729,454 2,170,158 -1,706,045 53,385 Total Revenue (Bill. Rp)
Comprehensive Attributable 326,787 726,831 2,171,742 -1,708,213 39,675 37,181
36,820
Net Cash - Operating 3,320,765 5,478,551 3,165,635 -3,888,645 -5,195,040
Net Cash - Investing -5,743,527 -1,574,174 -9,928,855 -4,537,163 -6,947,790 26,230 25,480
Net Cash - Financing 1,494,639 -254,581 16,183,771 5,694,791 2,663,625
Net Increase/Decrease in C&CE -928,123 3,649,796 9,420,551 -2,731,017 -9,479,205
16,114
C&CE, end of period 9,205,903 12,961,324 22,532,577 21,890,747 11,580,390
Current Ratio (%) 1.81 1.74 3.14 3.75 5.96
DAR (x) 0.49 0.50 0.41 0.43 0.43
DER (x) 0.96 0.98 0.71 0.75 0.76
EPS (IDR) 30.94 -23.61 156.62 -21.93 -23.66 2019 2020 2021 2022 2023
PER (x) 335.32 -384.38 46.77 -117.19 -88.74
BV (IDR) 1,377 1,433 1,932 506 493 Profit/Loss for the Period (Bill. Rp)
PBV (x) 4.30 7.24 4.70 14.47 5.21
ROA (%) 0.69 1.43 3.04 -3.03 0.01
2,169
ROE (%) 1.34 2.85 5.19 -5.32 0.01
GPM (%) 9.10 9.14 13.37 -0.46 4.41
OPM (%) 4.60 4.51 9.83 -4.87 -0.92 727
NPM (%) 1.26 2.85 5.89 -6.27 0.03 330
5
DPS (IDR) 25.92 0.00 83.38 7.30 5.14
DPR (%) 83.77 0.00 53.24 n.a. n.a.
Dividend Yield (%) 0.44 0.00 0.92 0.10 0.20
-2,329
2019 2020 2021 2022 2023

UNTR
United Tractors Tbk.
UNTR United Tractors Tbk.

Date: 31 Jul 2023 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.
For more information click here: Main 102,671,969,618,400 #N/A
https://www.idx.co.id/en/listed-companies/company-profiles/UNTR
Trading by Investor Types 3,730,135,136 1.02% #N/A

(in billion IDR) Year 2022 YTD 2023 40.44% 15 of 879 #N/A
Domestic 35,232.4 22,035.1
41% 48% Institution 50.98% 20.89%
Foreign 51,348.4 26,552.0 C Industrials C14 Machinery
59% 52% Individual 0.15% 0.28%
Others 23.43% 24.40% C1 Industrial Goods C141 Construction Machinery & Heavy
Year 2022 YTD 2023
Total 86,580.8 48,587.1 Vehicles
Fundamental & ESG
YTD 2023
4.70x 1.35x 40.00 High
D 5,787.2 5,626.2 11,413.3
3,373.4 -791.6
Buy

UNTR Sector PER Market PER
F 11,566.2 15,794.7 27,360.9 Domestic Buy". 10.14x 13.54x

2023 F - Rp6185.00 28-Apr-23 02-May-23 12-May-23 2011 RI 10-May-11 23,400 33:4 22,500 0.961
2022 I - Rp818.00 05-Oct-22 06-Oct-22 24-Oct-22 2008 RI 27-Aug-08 10,750 6:1 10,300 0.957
2022 F - Rp905.00 20-Apr-22 21-Apr-22 11-May-22 2004 RI 25-May-04 975 5:4 780 0.795
2021 I - Rp335.00 07-Oct-21 08-Oct-21 22-Oct-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. 102,671.97 06/30/23 134,463,146 75,821,227 58,641,919 68,676,905 12,343,407
2. HEXA Hexindo Adiperkasa Tbk. 5,628.00 06/30/23 6,746,258 2,699,125 4,047,133 2,157,485 212,713
3. SKRN Superkrane Mitra Utama 4,725.00 06/30/23 3,217,513 837,839 2,379,674 441,129 129,088
4. KOBX Kobexindo Tractors Tbk. 618.12 06/30/23 3,375,453 546,587 2,828,866 1,052,709 52,072
5. NTBK Nusatama Berkah Tbk, 178.20 06/30/23 174,510 93,459 81,050 72,109 2,396
1. UNTR United Tractors Tbk. 4.70 1.35 9.18 21.05 0.56 1.29
2. HEXA Hexindo Adiperkasa Tbk. 6.99 2.09 3.15 5.26 0.40 0.67
3. SKRN Superkrane Mitra Utama Tbk. 29.29 5.64 4.01 5.42 0.26 0.35
4. KOBX Kobexindo Tractors Tbk. 8.60 1.06 1.54 1.84 0.16 0.19
5. NTBK Nusatama Berkah Tbk, 70.93 1.93 1.37 2.96 0.54 1.15


Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 UNTR*
-14.78%
IHSG
-0.28%
LQ45
-1.33%
Sector**
*Adjusted Close Price; **Industrials
Highest 33,950 35,500 33,800 31,450 30,675 26,775 27,900 29,125 31,400 26,900 23,525 27,525
Lowest 31,600 32,825 31,800 28,625 26,075 24,150 23,925 26,400 28,850 22,225 22,850 23,050
Close 33,850 32,825 32,300 30,800 26,075 25,250 27,900 29,100 28,900 22,225 23,275 27,525
Adj. Close* 33,850 32,825 32,300 30,800 26,075 25,250 27,900 29,100 28,900 22,225 23,275 27,525
Growth (%) -3.03% -1.60% -4.64% -15.34% -3.16% 10.50% 4.30% -0.69% -23.10% 4.72% 18.26%
Volume (mill.) 140.22 127.58 116.82 127.70 124.75 123.08 120.01 142.42 127.13 194.99 133.45 100.19
Value (bill.) 4,587.05 4,355.20 3,810.79 3,816.12 3,416.35 3,087.32 3,064.94 3,971.28 3,901.08 4,677.41 3,088.10 2,503.42
Frequency (th.) 112.88 137.03 112.23 125.28 115.38 114.72 113.71 143.01 132.08 203.53 105.87 122.40
Days 22 22 21 22 22 21 20 21 14 21 17 20
Price (IDR) 2018 2019 2020 2021 2022 Industry: Construction Machinery & Heavy Vehicles
Lowest 27,150 19,975 12,600 18,600 21,725
Close 27,350 21,525 26,600 22,150 26,075 1. UNTR 12.1% 5.6% -14.8% 28.9% -21.9%
Adj. Close* 27,350 21,525 26,600 22,150 26,075 2. HEXA 25.8% 27.0% 8.9% 98.8% 106.2%
Growth (%) -21.30% 23.58% -16.73% 17.72% 3. SKRN 31.3% 41.3% 148.0% 408.1% n.a.
4. KOBX -24.4% -22.7% -39.8% 198.9% 5.4%
Shares Traded 2018 2019 2020 2021 2022 5. NTBK 32.0% 32.0% 32.0% n.a. n.a.
Volume 1,258 1,284 1,288 1,228 1,476
Value 42,200 31,756 25,910 27,993 43,290 Note:
Index Membership

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


Date: 31 Jul 2023 v2.0.0

160
Current Assets 50,826,955 44,195,782 60,604,068 78,930,048 67,844,633
Fixed Asset 27,469,005 24,319,373 20,456,694 435,313,470 29,829,722 120

- - - - - -
100
Total Assets 111,713,375 99,800,963 112,561,356 140,478,220 134,463,146
Trade Payable 20,909,134 10,272,648 14,517,987 24,848,751 29,654,321 80
Curr. Maturities - Bank Loans 2,432,677 2,468,375 5,350,875 - 800,000 60

- - - - - -
40
- - - - - -
Long-term Bank Loans 10,078,232 7,757,750 2,497,075 - - -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 932,534 932,534 932,534 932,534 932,534
Par Value 250 250 250 250 250 75,821

71,823
61,110 63,147
Total Equity 61,110,074 63,147,140 71,822,757 89,513,825 75,821,227
Revenues 84,430,478 60,346,784 79,460,503 123,607,460 68,676,905
Gross Profit 21,230,653 12,989,293 19,664,961 34,758,688 18,691,799
Interest & Finance Costs -2,333,765 -1,539,907 -754,155 759,935 560,100
EBT 15,476,885 7,011,186 14,462,250 29,446,041 15,842,673
Tax -4,342,244 -1,378,761 -3,853,983 -6,452,368 -3,499,266
2019 2020 2021 2022 2023
123,607
79,461
Net Cash - Financing -830,690 -7,834,254 -7,419,838 -18,653,279 -22,428,000
68,677
Net Increase/Decrease in C&CE -1,152,246 8,128,506 12,706,019 3,837,014 -11,916,373 60,347
C&CE, end of period 12,090,661 20,498,574 33,321,741 38,281,513 25,742,014
Current Ratio (%) 1.56 2.11 1.99 1.88 1.36
DAR (x) 0.45 0.37 0.36 0.36 0.44
DER (x) 0.83 0.58 0.57 0.57 0.77
EPS (IDR) 2,866.72 2,147.61 2,273.95 4,913.77 5,899.95 2019 2020 2021 2022 2023
PER (x) 7.51 12.39 9.74 5.31 3.94
PBV (x) 1.67 1.27 1.38 0.92 1.28
ROA (%) 9.97 5.64 9.42 16.37 9.18 22,994
ROE (%) 18.22 8.92 14.77 25.69 16.28
GPM (%) 25.15 21.52 24.75 28.12 27.22
OPM (%) 19.67 13.74 18.72 23.57 22.83
NPM (%) 13.19 9.33 13.35 18.60 17.97
12,343
DPS (IDR) 1,236.00 976.00 808.00 1,723.00 6,185.00 11,135 10,608
DPR (%) 43.12 45.45 35.53 35.06 104.83
Dividend Yield (%) 4.52 4.53 3.04 7.78 23.72 5,632
2019 2020 2021 2022 2023

UNVR
Unilever Indonesia Tbk.
UNVR Unilever Indonesia Tbk.

Date: 31 Jul 2023 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 15.01%. Stock Overview
For more information click here: Main 146,877,500,000,000 #N/A
https://www.idx.co.id/en/listed-companies/company-profiles/UNVR
Trading by Investor Types 38,150,000,000 1.46% #N/A

(in billion IDR) Year 2022 YTD 2023 14.46% 10 of 879 #N/A
Domestic 35,417.3 8,918.1
50% Institution 27.14% 23.95%
61%
Foreign 23,108.3 10,228.4 D Consumer Non-Cyclicals D42 Personal Care Products
39%
50% Individual 2.00% 0.40%
Others 27.44% 23.23% D4 Nondurable Household Products D421 Personal Care Products
Year 2022 YTD 2023
Total 58,525.7 19,146.5
Fundamental & ESG
YTD 2023
31.29x 37.32x 18.80 Low
D 2,346.7 2,286.7 4,633.4
2,534.8 -348.7
Buy

UNVR Sector PER Market PER
F 7,808.8 5,012.7 12,821.6 Domestic Buy". 19.45x 13.54x

2023 F - Rp71.00 06-Jul-23 07-Jul-23 20-Jul-23 2020 SS 02-Jan-20 42,000 5:1 8,400 0.200
2022 I - Rp69.00 30-Nov-22 01-Dec-22 15-Dec-22 2003 SS 03-Sep-03 30,250 10:1 3,025 0.100
2022 F - Rp84.00 24-Jun-22 27-Jun-22 13-Jul-22 2000 SS 06-Nov-00 118,000 10:1 11,800 0.100
2021 I - Rp66.00 30-Nov-21 01-Dec-21 16-Dec-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. 146,877.50 06/30/23 19,951,762 3,936,027 16,015,735 20,291,982 2,759,275
2. UCID Uni-Charm Indonesia Tbk. 4,696.93 06/30/23 8,365,958 5,299,697 3,066,261 5,382,470 184,954
3. VICI Victoria Care Indonesia Tbk. 4,293.12 06/30/23 1,164,528 853,056 311,471 654,886 88,954
4. KINO Kino Indonesia Tbk. 2,250.00 06/30/23 4,576,808 1,559,097 3,017,711 1,897,667 32,539
5. TCID Mandom Indonesia Tbk. 1,214.44 06/30/23 2,310,806 1,835,197 475,609 982,115 -11,859
1. UNVR Unilever Indonesia Tbk. 31.29 37.32 13.83 17.23 0.20 0.25
2. UCID Uni-Charm Indonesia Tbk. 14.85 0.89 2.21 6.03 0.63 1.73
3. VICI Victoria Care Indonesia Tbk. 26.96 5.03 7.64 28.56 0.73 2.74
4. KINO Kino Indonesia Tbk. -2.28 1.45 0.71 1.08 0.34 0.52
5. TCID Mandom Indonesia Tbk. 93.26 0.66 -0.51 -2.49 0.79 3.86


Date: 31 Jul 2023 v2.0.0

Jul 29, 2022 - Jul 31, 2023 UNVR*
-14.63%
IHSG
-0.28%
LQ45
-1.33%
Sector**
Highest 4,850 4,850 5,400 4,800 4,870 4,850 5,025 4,360 4,400 4,550 4,610 4,330
Lowest 4,550 4,500 4,640 4,500 4,620 4,600 4,180 4,060 4,090 4,380 4,230 3,840
Close 4,590 4,830 4,640 4,800 4,700 4,760 4,180 4,350 4,400 4,530 4,260 3,850
Adj. Close* 4,590 4,830 4,640 4,800 4,700 4,760 4,180 4,350 4,400 4,530 4,260 3,850
Growth (%) 5.23% -3.93% 3.45% -2.08% 1.28% -12.18% 4.07% 1.15% 2.95% -5.96% -9.62%
Volume (mill.) 466.53 409.31 562.61 470.95 251.58 230.23 431.38 291.25 281.47 404.34 240.99 302.90
Value (bill.) 2,185.36 1,912.34 2,834.54 2,168.11 1,186.59 1,087.65 1,966.01 1,214.71 1,188.22 1,808.40 1,069.89 1,238.39
Frequency (th.) 146.67 129.15 158.60 161.97 91.81 81.23 162.09 107.10 91.07 110.75 98.64 119.82
Days 22 22 21 22 22 21 20 21 14 21 17 20
Price (IDR) 2018 2019 2020 2021 2022 Industry: Personal Care Products
Lowest 39,375 40,700 5,650 3,820 3,280
Close 45,400 42,000 7,350 4,110 4,700 1. UNVR -17.4% -18.1% -14.6% -54.2% -55.5%
Adj. Close* 9,080 8,400 1,470 4,110 4,700 2. UCID -1.7% 3.2% -7.0% -26.6% n.a.
Growth (%) -7.49% -82.50% 179.59% 14.36% 3. VICI 33.3% 25.5% 26.7% n.a. n.a.
4. KINO -0.9% 2.6% -36.0% -52.6% -7.1%
Shares Traded 2018 2019 2020 2021 2022 5. TCID -8.5% -4.1% 16.2% -10.2% -64.5%
Volume 600 577 3,871 6,104 6,607
Value 28,206 26,249 29,794 31,552 29,263 Note:
Index Membership

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


Date: 31 Jul 2023 v2.0.0

Cash & Cash Equivalents 628,649 844,076 325,197 502,882 2,989,988
25
Current Assets 8,530,334 8,828,360 7,642,208 7,567,768 9,534,467
- - - - - -
20
Fixed Asset 10,715,376 10,419,902 10,102,086 69,967,918 9,270,882
- - - - - -
Total Assets 20,649,371 20,534,632 19,068,532 18,318,114 19,951,762 15
Trade Payable 4,516,954 4,277,617 4,571,352 4,699,974 4,596,826

- - - - - - 10
- - - - - -
- - - - - - 5
- - - - - - -
- - - - - - 2019 2020 2021 2022 2023
- - - - - -
Common Stocks 76,300 76,300 76,300 76,300 76,300
4,937
Par Value 10 2 2 2 2
4,321
Retained earnings 5,109,562 4,765,068 4,148,969 3,824,956 3,763,727 3,997 3,936
Total Equity 5,281,862 4,937,368 4,321,269 3,997,256 3,936,027
Revenues 42,922,563 42,972,474 39,545,959 41,218,881 20,291,982
Gross Profit 22,028,693 22,456,990 19,626,387 19,064,937 10,117,225
EBT 9,901,772 9,206,869 7,496,592 6,993,803 3,573,877
Tax -2,508,935 -2,043,333 -1,738,444 -1,629,042 -814,602
2019 2020 2021 2022 2023
42,923 42,972
41,219
Net Cash - Investing -1,446,367 -690,216 -681,255 -526,063 -452,138
Net Cash - Financing -6,937,190 -7,458,509 -7,739,754 -7,357,788 -634,384
Net Increase/Decrease in C&CE 285,512 215,268 -518,918 177,463 2,486,955
20,292
C&CE, end of period 628,649 844,076 325,197 502,882 2,989,988
Current Ratio (%) 0.65 0.66 0.61 0.61 0.68
DAR (x) 0.74 0.76 0.77 0.78 0.80
DER (x) 2.91 3.16 3.41 3.58 4.07
EPS (IDR) 957.50 191.92 172.73 157.03 124.48 2019 2020 2021 2022 2023
PER (x) 43.86 38.30 23.79 29.93 34.22
PBV (x) 65.58 324.53 64.89 39.23 45.55
ROA (%) 35.80 34.89 30.20 29.29 13.83 7,393
7,164
ROE (%) 139.97 145.09 133.25 134.21 70.10
GPM (%) 51.32 52.26 49.63 46.25 49.86 5,758
5,365
OPM (%) 23.57 22.04 19.42 17.15 17.87
NPM (%) 17.22 16.67 14.56 13.02 13.60
DPS (IDR) 1,205.00 194.00 166.00 153.00 71.00
DPR (%) 125.85 101.09 96.10 97.43 57.04 2,759
Dividend Yield (%) 2.65 0.46 2.26 3.72 1.51
2019 2020 2021 2022 2023

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

YTD Year to Date: DAR (Debt to Total Liabilities divided by Total Asset.
- January data for date as of January; Asset Ratio)
- January to July data for date as of July. DER (Debt to Total Liabilities divided by Total Equity.
Free Float Total scripless shares owned by investors with share Equity Ratio)
ownership of less than 5% and excluding shares owned by EPS (Earnings 12 months trailing of Profit for the period attributable to
management and treasury stock. Per Share) owners of entity divided by number of listed shares.
Market Closing price multiplied by Number of listed shares.
Capitalization BV (Book Value) Total equity divided by number of listed shares.
PER (Price to Stock Price divided by Earnings Per Share (EPS).
Earnings Ratio) EPS is derived by dividing the 12 months trailing of Profit ROA (Return on 12 months trailing of Profit for the period attributable to
for the period attributable to owners of entity by Number of Asset) owners of entity divided by Total Asset.
listed shares. ROE (Return on 12 months trailing of Profit for the period attributable to
Sector PER The median of PER of all listed stocks in a sector that have Equity) owners of entity divided by Total Equity.
positive earnings and below the 90 percent percentile as a GPM (Gross Gross profit/loss divided by Revenues
threshold determined by the IDX. Profit Margin)
Market PER The median of PER of all listed stocks in IDX that have OPM (Operating Operating profit/loss divided by Revenues
positive earnings and below the 90 percent percentile as a Profit Margin)
threshold determined by the IDX. NPM (Net Profit Profit for the period attributable to owners of entity divided
PBV (Price to Stock Price divided by Book Value (BV). Margin) by Revenues.
Book Value BV is derived by dividing the Total equity by Number of DPS (Dividend Total Cash Dividend per Share within a year (in IDR). The
Ratio) listed shares. Per Share) cash dividends in USD are converted to IDR by multiplying
ESG Risk Rating Composed of three building blocks that contribute to a with BI rate as of payment date.
company’s overall rating. These building blocks include DPR (Dividend Dividend per share divided by Earnings per share
Corporate Governance, material ESG issues (MEIs), and Payout Ratio)
idiosyncratic ESG issues. Yield (%) Dividend per share divided by stock price
Companies are grouped into one of five risk categories
(negligible, low, medium, high, severe) C&CE Cash & Cash Equivalents.
© September 2023 Indonesia Stock Exchange

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

Phone +62 812 9449 5121

ACES Ace Hardware Indonesia Tbk.

Company Profile Company History

Total Trading Value* Free Float Shares Rank Rank

foreign buy and foreign sell divided by 2. Total

Dividend Payment Corporate Action

© 2023 DATA SERVICE DIVISION | INDONESIA STOCK EXCHANGE

ACES Ace Hardware Indonesia Tbk.

Stock Performance & Trading Summary

Jul 29, 2022 - Jul 31, 2023 ACES*

Trading Summary of Last 12 Months

Yearly Trading Summary of Last 5 Years Comparison to Peers

No. Index Code No. Index Code

Note: the index membership above is as of Sep 1, 2023

© 2023 DATA SERVICE DIVISION | INDONESIA STOCK EXCHANGE

ACES Ace Hardware Indonesia Tbk.

Financial Data & Ratios

Fixed Asset 502,038 1,477,190 1,320,612 425,774 430,646 7

Current Liabilities 567,618 844,928 722,537 669,769 1,185,565 1

DPS (IDR) 28.25 18.10 32.15 20.59 31.06

© 2023 DATA SERVICE DIVISION | INDONESIA STOCK EXCHANGE

ADRO Adaro Energy Indonesia Tbk.

Company Profile Company History

Total Trading Value* Free Float Shares Rank Rank

foreign buy and foreign sell divided by 2. Total

Dividend Payment Corporate Action

© 2023 DATA SERVICE DIVISION | INDONESIA STOCK EXCHANGE

ADRO Adaro Energy Indonesia Tbk.

Stock Performance & Trading Summary

Jul 29, 2022 - Jul 31, 2023 ADRO*

Trading Summary of Last 12 Months

Yearly Trading Summary of Last 5 Years Comparison to Peers

No. Index Code No. Index Code

Note: the index membership above is as of Sep 1, 2023

© 2023 DATA SERVICE DIVISION | INDONESIA STOCK EXCHANGE

ADRO Adaro Energy Indonesia Tbk.

Financial Data & Ratios

Fixed Asset 24,019,049 21,713,731 19,935,291 351,676,578 23,358,420 140

Current Liabilities 17,188,621 16,149,139 19,428,071 38,161,607 15,932,880 20

Par Value 100 100 100 100 100

© 2023 DATA SERVICE DIVISION | INDONESIA STOCK EXCHANGE

AKRA AKR Corporindo Tbk.

Company Profile Company History

Total Trading Value* Free Float Shares Rank Rank

foreign buy and foreign sell divided by 2. Total

Dividend Payment Corporate Action

© 2023 DATA SERVICE DIVISION | INDONESIA STOCK EXCHANGE

AKRA AKR Corporindo Tbk.

Stock Performance & Trading Summary

Jul 29, 2022 - Jul 31, 2023 AKRA*

Trading Summary of Last 12 Months

Yearly Trading Summary of Last 5 Years Comparison to Peers

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

Note: the index membership above is as of Sep 1, 2023

© 2023 DATA SERVICE DIVISION | INDONESIA STOCK EXCHANGE

AKRA AKR Corporindo Tbk.

Financial Data & Ratios

Curr. Maturities - Bank Loans 300,596 366,545 383,787 554,640 1,011,379

© 2023 DATA SERVICE DIVISION | INDONESIA STOCK EXCHANGE

AMRT Sumber Alfaria Trijaya Tbk.

Company Profile Company History

Total Trading Value* Free Float Shares Rank Rank

foreign buy and foreign sell divided by 2. Total