PT Mastersystem Infotama Tbk

PT Mastersystem Infotama Tbk

IIDX:MSTI
1,230.00
IDR
+10.00
(+0.82%)
167.45EPS
7.05P/E
3.70TMarket Cap
Nov 04Next Earn
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
923.11
992.13
1,118.34
1,529.57
1,708.11
1,737.49
1,647.54
Basic EPS, GAAP
99.66
104.16
127.1
163.02
168.97
174.9
167.45
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
27.56
127.44
52.57
127.44
99.84
134
16
Book Value per Share
341.09
320.97
394.22
619.77
688.34
729.9
691.01
Tangible Book Value per Share
341.09
320.97
394.22
619.77
688.34
729.9
691.01
Basic Weighted Avg Shares
3,139
3,139
3,139
2,746
3,139
3,139
3,139
Sales/Revenue/Turnover
2,897,471
3,114,124
3,510,262
4,200,927
5,361,540
5,454,702
5,172,325
Operating Margin (%)
13.17
13.63
15.36
13.86
12.04
12.17
11.72
Depreciation Expense
9,712
9,757
10,217
10,598
10,115
10,149
10,256
Net Income, GAAP
312,810
326,928
398,942
447,726
530,374
549,081
525,701
Effective Tax Rate (%)
22.33
22.3
22.78
22.38
22.54
21.85
19.97
Profit Margin (%)
10.8
10.5
11.37
10.66
9.89
10.07
10.16
Working Capital
947,689
865,398
1,062,716
1,820,335
2,048,319
2,157,839
2,050,844
LT Debt
26,103
16,788
21,962
28,865
38,890
66,508
70,566
Total Equity
1,070,627
1,007,463
1,237,393
1,945,354
2,160,997
2,291,446
2,169,361
Return on Invested Capital (%)
- -
26.49
32.03
25.44
22.21
21.8
20.71
Return on Capital (%)
- -
27.45
31.67
26.32
24.29
23.85
23.12
Return on Common Equity (%)
- -
31.46
35.54
28.13
25.83
24.66
23.65

Capital Structure

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
33,007
31,645
29,357
LT Borrowings
6,292
5,593
21,583
LT Finance Leases
60,216
54,647
48,983
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,139
3,139
3,139
Market Capitalization
4,866,095
4,316,697
3,704,511

Working Capital

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,185,215
3,137,505
2,897,264
Cash, Cash Equivalents & STI
1,627,326
1,499,157
932,279
Accounts Receivable, Net
788,637
893,235
877,661
Inventories
517,752
477,239
773,303
Total Current Liabilities
1,027,377
873,565
846,420
Payables & Accruals
- -
- -
- -
ST Debt
33,007
31,645
29,357
Deferred Revenue
- -
- -
- -

Growth Rates

IDR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
18.25%
6.04%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
12.15%
3.53%
Sales/Revenue/Turnover
- -
13.85%
1.74%
Total Cash Common Dividend
- -
87.92%
34.24%

Quarterly Revenue

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,119,493
733,001
1,606,263
1,902,782
5,361,540
2025
1,191,671
879,334
- -
2,190,932
5,454,702
2026
1,095,972
1,006,087
- -
- -
- -

Quarterly Earnings Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
33.52
18.54
47.36
69.55
168.97
2025
36.73
25.96
- -
76.05
174.9
2026
33.96
31.49
- -
- -
- -

Quarterly Dividends Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
99.84
2025
- -
- -
- -
16
134
2026
- -
- -
- -
- -
- -

Company Description

CEO
Eddy Anthony
Full Time Employees
1,032
Sector
Technology services
Industry
Information technology services
Address
Sudirman 7.8, Tower 1 Jakarta JK Indonesia 10220
IPO Date
Nov 8, 2023
Business
PT Mastersystem Infotama Tbk (MSTI.JK) provides information and communication technology infrastructure solutions and system integration services to enterprise customers in banking, oil and gas, telecommunications, and other sectors in Indonesia. The company offers data center and cloud infrastructure including private, public, hybrid, and multi-cloud platforms in partnership with Amazon, Google, VMware, Cisco, and HPE; enterprise networking solutions such as load balancers, routers, switches, and software-defined networking with partners like Cisco, Citrix, and F5; server and storage modernization via hyper-converged infrastructure from VMware vSAN, Nutanix, Dell VxRail, Cisco Hyperflex, and HPE SimpliVity; AI infrastructure encompassing high-performance computing with GPUs/TPUs, data lakes, high-speed networks, and frameworks like TensorFlow and PyTorch powered by NVIDIA AI Enterprise, AWS, and Watsonx.ai; adaptive security architecture covering network, application, endpoint, content security, and management with Fortinet, Palo Alto, F5, CrowdStrike, Cisco, Thales, and Checkpoint; big data and analytics including enterprise data warehouses and Hadoop-based solutions; enterprise collaboration tools for video conferencing, IP telephony, chat, and contact centers with Cisco, Citrix, and NICE; digital business management for process automation, marketing analytics, and digital workspaces; communication solutions for IP backbones, optical transport, mobile backhaul, and industrial wireless; and proprietary applications such as Mastersystem Secure Sphere (MS3) for security testing, MS-Insight for network visibility and automation, MSXperience for collaboration analytics, Mastersystem Sustainability Optimization (MSSO) for network sustainability, and MC-CDX for omnichannel contact centers. It also delivers managed services encompassing monitoring, remediation, maintenance, data backup, capacity planning, patch management, and relocation/migration support in Gold, Silver, Bronze, Premium, Advanced, and Basic packages. Founded in 1994 and headquartered in Jakarta, Indonesia, with an additional office in Surabaya, the company serves over 1,000 clients and maintains certifications in quality management, information security, and anti-bribery systems. Recent developments include its initial public offering raising US$40.8 million, recognition as the Fastest Growing New Public Company 2024 by Warta Ekonomi, a strategic partnership with Insider announced in May 2025 to deliver customer data and experience solutions, awards as 2025 Commercial Partner of the Year, Best Government Partner 2024, Best Secure Networking Partner 2024, and top global channel partner by Gigamon.