1. Indonesia Stocks

  2. •

    Transportation

  3. •

    Air freight/Couriers
PT Satria Antaran Prima Tbk

PT Satria Antaran Prima Tbk

IIDX:SAPX
322.00
IDR
+22.00
(+7.33%)
2.28EPS
85.59P/E
162.50BMarket Cap
PT Satria Antaran Prima Tbk
IDX:SAPX
(Indonesia Stock Exchange)

Recent

price

322.00

P/E

ratio

85.59

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
IDR
72.01
140.87
177.79
275.79
473.72
541.92
707.29
710.28
746.62
819.02
627.76
577.74
Revenue per Share
-12.36
-1.02
-20.61
-37.28
47.41
37.6
53.7
1
1.39
1.18
0.89
2.28
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
18
- -
- -
- -
- -
- -
Dividend per Share
-18.82
21.27
0.66
79.89
128.18
165.58
201.49
203.2
212.48
240.44
251.91
254.77
Book Value per Share
-18.82
21.27
0.66
79.89
128.18
165.58
201.49
203.2
212.48
240.44
251.91
254.77
Tangible Book Value per Share
833
833
833
833
833
833
833
833
833
833
833
833
Basic Weighted Avg Shares
60,011
117,390
148,157
229,821
394,766
451,600
589,410
591,903
622,182
682,513
523,135
481,449
Sales/Revenue/Turnover
-16.79
-0.37
-11.29
-0.52
9.69
8.35
8.31
0.19
0.62
1.14
1.93
2.11
Operating Margin (%)
660
728
1,025
2,025
2,884
5,823
8,200
8,239
6,608
6,189
4,379
3,156
Depreciation Expense
-10,298
-849
-17,173
-31,069
39,508
31,334
44,750
831
1,155
982
741
1,899
Net Income, GAAP
- -
- -
- -
- -
1.02
23.23
15.73
29.71
- -
24.56
43.38
32.02
Effective Tax Rate (%)
-17.16
-0.72
-11.59
-13.52
10.01
6.94
7.59
0.14
0.19
0.14
0.14
0.39
Profit Margin (%)
-16,921
38,682
16,791
58,627
91,332
108,693
127,750
109,302
107,618
98,550
123,529
125,230
Working Capital
429
21,029
24,721
7,919
14,522
9,111
14,056
5,239
1,822
27,282
55,091
51,191
LT Debt
-15,682
17,727
554
66,576
106,820
137,982
167,910
169,336
177,066
200,368
209,927
212,304
Total Equity
- -
- -
- -
- -
36.91
20.12
23.21
0.42
- -
2
1.62
1.9
Return on Invested Capital (%)
- -
- -
- -
- -
40.33
23.1
26.43
1.27
- -
2.15
2.22
2.91
Return on Capital (%)
- -
- -
-187.88
-92.56
45.57
25.6
29.26
0.49
0.67
0.52
0.36
0.92
Return on Common Equity (%)

Capital Structure

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
106,840
121,297
118,715
LT Borrowings
54,219
50,319
50,319
LT Finance Leases
871
871
871
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
833
833
833
Market Capitalization
253,333
215,000
162,500

Working Capital

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
262,649
276,416
268,826
Cash, Cash Equivalents & STI
20,218
26,903
29,519
Accounts Receivable, Net
185,867
174,816
165,716
Inventories
3,988
3,954
3,937
Total Current Liabilities
139,120
152,114
143,595
Payables & Accruals
- -
- -
- -
ST Debt
106,840
121,297
118,715
Deferred Revenue
- -
- -
- -

Growth Rates

IDR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1,174.97%
9.01%
4.77%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
160.76%
-11.18%
-24.6%
Sales/Revenue/Turnover
28.55%
4.48%
-23.35%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
189,963
168,403
164,982
159,164
682,513
2025
138,160
131,370
132,774
120,830
523,135
2026
112,696
115,149
- -
- -
- -

Quarterly Earnings Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.73
3.04
-4.61
0.02
1.18
2025
0.12
1.34
-0.37
-0.2
0.89
2026
0.57
2.29
- -
- -
- -

Quarterly Dividends Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Similar Companies
Grab Holdings Limited (NASDAQ:GRAB)
Eternal Limited (NSE:ETERNAL)
United Parcel Service, Inc. (NYSE:UPS)
DoorDash, Inc. (NASDAQ:DASH)
Swiggy Limited (NSE:SWIGGY)
FedEx Corporation (NYSE:FDX)
Business
PT Satria Antaran Prima Tbk (SAPX.JK), known as SAPX Express, operates as an Android-based courier and logistics services provider in Indonesia, offering last mile delivery, cash on delivery, same day and one day delivery, regular domestic and international shipping, fulfillment and warehouse management, mailing room services, freight forwarding, land transportation, dedicated courier, ocean and air cargo, label printing, packaging, and wood packing services; the company serves e-commerce, retail, banking, insurance, corporate, and government clients across Jabodetabek and other Indonesian regions with over 250 hubs, more than 8,000 vehicles, and 10 warehouses totaling 715 square meters. Founded in 2014 by Budiyanto Darmastono and headquartered in Jakarta Selatan with operational offices in East Jakarta, SAPX Express maintains ISO 9001 and 27001 certifications and partners with international shipping providers for global reach. Recent developments include securing a IDR 125 billion revolving loan facility from PT Bank Permata Tbk in June 2024 to support operations, expanding fulfillment networks with new Jabodetabek warehouses amid rising warehousing demand, reporting net income of IDR 911.3 million for Q3 2025 and IDR 1.2 billion for Q2 2025 despite year-over-year declines, lifting a trading suspension in December 2024, and scheduling an annual shareholders meeting for May 28, 2025.