PT Sinar Eka Selaras Tbk

PT Sinar Eka Selaras Tbk

IIDX:ERAL
290.00
IDR
+2.00
(+0.69%)
38.02EPS
6.83P/E
1.36TMarket Cap
Nov 02Next Earn
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
380.1
423.01
585.51
817.68
933.51
1,251.89
1,522.3
Basic EPS, GAAP
14.1
36.01
35.55
46.26
38.83
32.58
38.39
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
- -
- -
10.96
10
8
- -
Book Value per Share
104.72
140.8
176.42
282.42
311.38
336.27
349.06
Tangible Book Value per Share
104.62
133.51
169.06
274.92
301.43
326.27
346.53
Basic Weighted Avg Shares
5,188
5,188
5,188
4,562
5,188
5,188
5,188
Sales/Revenue/Turnover
1,971,793
2,194,382
3,037,346
3,730,376
4,842,576
6,494,163
7,896,948
Operating Margin (%)
5.09
9.27
7.79
6.76
4.5
3.59
4.06
Depreciation Expense
38,677
15,286
24,829
46,892
76,415
188,957
236,575
Net Income, GAAP
73,152
186,795
184,431
211,025
201,450
169,034
199,134
Effective Tax Rate (%)
25.39
20.72
24.64
21.86
21.62
26.61
33.03
Profit Margin (%)
3.71
8.51
6.07
5.66
4.16
2.6
2.52
Working Capital
422,005
577,966
690,900
1,076,919
1,125,806
891,524
1,020,866
LT Debt
5,907
22,482
61,643
70,755
127,745
145,596
193,885
Total Equity
543,242
730,426
915,763
1,465,839
1,633,145
1,764,985
1,829,757
Return on Invested Capital (%)
- -
19.72
20.4
15.05
10.48
8.68
10.85
Return on Capital (%)
- -
22.47
21.42
16.76
12.21
9.08
10.91
Return on Common Equity (%)
- -
29.33
22.41
17.73
13.08
10.06
11.5

Capital Structure

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
276,646
395,599
120,860
LT Borrowings
- -
17,223
15,224
LT Finance Leases
145,596
164,672
178,661
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5,188
5,188
5,188
Market Capitalization
1,628,875
1,556,250
1,359,125

Working Capital

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,030,791
2,191,369
2,097,587
Cash, Cash Equivalents & STI
164,818
51,055
297,737
Accounts Receivable, Net
408,851
221,612
101,468
Inventories
1,134,530
1,493,683
1,278,547
Total Current Liabilities
1,139,267
1,281,527
1,076,721
Payables & Accruals
- -
- -
- -
ST Debt
276,646
395,599
120,860
Deferred Revenue
- -
- -
- -

Growth Rates

IDR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
27.88%
8.07%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
29.57%
-16.09%
Sales/Revenue/Turnover
- -
27.29%
34.11%
Total Cash Common Dividend
- -
- -
-20%

Quarterly Revenue

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,091,784
2,115,923
224,528
1,410,341
4,842,576
2025
1,371,138
2,614,126
308,977
2,199,923
6,494,163
2026
1,703,125
3,684,924
- -
- -
- -

Quarterly Earnings Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7.83
17.37
5.13
8.51
38.83
2025
8.06
15.46
0.57
8.49
32.58
2026
8.42
20.91
- -
- -
- -

Quarterly Dividends Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
10
2025
- -
- -
- -
- -
8
2026
- -
- -
- -
- -
- -

Company Description

CEO
Djohan Sutanto
Full Time Employees
510
Sector
Retail trade
Industry
Electronics/Appliance stores
Address
Jakarta Indonesia
IPO Date
Aug 8, 2023
Website
ses.id
Business
PT Sinar Eka Selaras Tbk is an Indonesia-based omnichannel retail and distribution company engaged in the commercialization of active lifestyle consumer technology, Internet of Things (IoT) devices, sports apparel, footwear, and outdoor equipment. Founded in 2011 and headquartered in West Jakarta, Indonesia, the company operates as the active lifestyle subsidiary of PT Erajaya Swasembada Tbk, serving retail consumers and institutional clients across Indonesia. The company manages an extensive multi-channel distribution and retail network comprising mono-brand specialty boutiques, multi-brand concept stores, and e-commerce platforms. Its primary product and service offerings encompass consumer drones, action cameras, and handheld gimbals under brands such as DJI and Insta360; smartwatches, sports wearables, and bone-conduction headphones under Garmin and Shokz; premium audio systems, wireless speakers, and personal audio accessories under Marshall and Devialet; micro-mobility products and electric kickscooters under Segway-Ninebot; proprietary smart home appliances, IoT hardware, and mobile device accessories under the in-house brand IT (Immersive Tech); performance running footwear, athletic apparel, and accessories under ASICS; outdoor outerwear, footwear, and adventure gear under Columbia Sportswear; comprehensive golf equipment, apparel, footwear, and golf simulator fitting services under MST Golf; and multi-brand consumer technology and lifestyle gadgets sold through its Urban Republic and JD Sports retail store formats. Complementing its retail operations, the company provides warranty fulfillment, technical support, authorized maintenance services, and digital retail fulfillment through the Eraspace ecosystem and official brand webstores. In recent developments, the company completed its initial public offering on the Indonesia Stock Exchange under the ticker symbol ERAL to finance aggressive retail store expansion and supply chain enhancements. Over the past two years, PT Sinar Eka Selaras Tbk has expanded its business footprint through strategic alliances, including a joint venture with Malaysia-based MST Golf Group Berhad to establish dedicated golf superstores and indoor golf centers in Indonesia, the accelerated rollout of mono-brand retail outlets for ASICS, Columbia Sportswear, and Garmin across major shopping destinations, the strategic expansion of its Urban Republic store footprint into secondary and tertiary regional cities, and the continuous enhancement of its proprietary IT (Immersive Tech) smart accessories and smart home product categories.