1. Indonesia Stocks

  2. •

    Consumer Cyclical

  3. •

    Apparel - Manufacturers
PT Pan Brothers Tbk

PT Pan Brothers Tbk

PBRX.JK
PT Pan Brothers TbkID flagIndonesia Stock Exchange
26.00
IDR
- -
- -
558.53BMarket Cap
PT Pan Brothers Tbk
PBRX.JK
(Indonesia Stock Exchange)

Recent

price

26.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.21
0.05
0.05
0.06
0.04
0.04
0.05
0.06
0.07
0.07
0.07
0.07
0.07
0.03
0.01
0.01
0.01
Revenue per Share
0.01
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-0.02
- -
- -
Basic EPS, GAAP
- -
- -
- -
- -
- -
-0.01
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.02
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.02
0.02
0.02
0.01
-0.01
-0.01
-0.01
Book Value per Share
0.02
0.01
0.02
0.02
0.02
0.02
0.02
0.02
0.03
0.03
0.03
0.03
0.04
0.02
-0.01
- -
- -
Tangible Book Value per Share
760
5,225
5,228
5,261
9,394
9,394
9,394
9,394
9,394
9,394
9,394
9,394
9,394
21,482
21,482
21,482
21,482
Basic Weighted Avg Shares
157
240
287
340
339
419
482
549
611
665
685
689
690
582
320
273
279
Sales/Revenue/Turnover
4.11
4.85
5.23
5.89
4.58
4.91
5.17
5.47
6.17
7.24
8.25
6.03
6.17
5.89
-1.45
-14.17
-13.48
Operating Margin (%)
- -
1
1
1
1
2
2
2
2
2
2
2
1
1
1
1
1
Depreciation Expense
4
8
7
11
10
9
15
9
18
20
24
16
4
-1
-448
26
-70
Net Income, GAAP
19.27
20.17
23.08
18.02
27.8
25
27.32
28.64
20.87
30.04
25.35
26.95
65.86
- -
- -
45.52
- -
Effective Tax Rate (%)
2.49
3.33
2.61
3.11
2.83
2.24
3.02
1.7
2.99
3.04
3.46
2.34
0.53
-0.21
-140.13
9.6
-25.17
Profit Margin (%)
14
34
32
119
210
224
284
343
381
447
343
194
589
439
-177
112
113
Working Capital
15
- -
- -
79
83
135
182
238
254
308
173
2
340
172
- -
86
91
LT Debt
18
81
88
98
201
216
228
235
251
264
280
291
341
334
-121
59
58
Total Equity
7.75
8.75
7.74
9.71
4.68
4.68
4.55
4.68
6.04
6.18
7.19
5.06
2.26
- -
- -
-12.29
- -
Return on Invested Capital (%)
9.94
12.31
9.83
11.96
9.79
7.73
8.13
7.15
9.83
9.08
9.35
6.37
2.51
- -
- -
-65.76
- -
Return on Capital (%)
27.81
27.1
16.27
22.28
17.91
14.15
18.72
10.42
17.67
16.62
16.69
10.04
2.16
-0.66
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
1
LT Borrowings
85
86
88
LT Finance Leases
- -
- -
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
21,482
21,482
21,482
Market Capitalization
50
46
52

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
198
158
160
Cash, Cash Equivalents & STI
14
16
13
Accounts Receivable, Net
31
18
18
Inventories
105
91
99
Total Current Liabilities
41
46
47
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
1
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-23.94%
-53.25%
-148.84%
Free Cash Flow
17.42%
60%
398.32%
Net Income, GAAP
3,654.72%
7,280.85%
-105.85%
Sales/Revenue/Turnover
-2.24%
-14.91%
-14.59%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
92
67
88
73
320
2025
52
68
82
71
273
2026
57
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
-0.02
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
PT Pan Brothers Tbk engages in the manufacturing and sale of garments, including knitted garments, woven garments, woven jackets, and technical, functional, and activewear apparel designed for sports and outdoor activities such as snowboarding, skiing, jogging, and hiking. The company also offers cut and sewn knit garments including polo shirts, golf shirts, training jackets, and casual shirts. Additionally, it operates fabric mills, embroidery factories, garment laundry services, and printing facilities through subsidiaries like PT Ocean Asia Industry, PT Victory Pan Multitex, PT Eco Laundry Hijau Indonesia, and PT Prima Cosmic Screen Graphics. Founded in 1980 with headquarters in Tangerang, Indonesia, Pan Brothers has manufacturing facilities in Tangerang, Bandung, Boyolali, Sragen, Ungaran, Tasikmalaya, and operates internationally serving markets in the United States, Europe, Canada, Japan, Australia, and Asia. Recently, it completed a significant financial restructuring in November 2025, issuing new notes and mandatory convertible bonds that extend debt maturity by 11-15 years with lower interest rates, improving liquidity but with ongoing tight funding access. The company also expanded its product offerings to include personal protective equipment such as masks and hazmat suits and operates through subsidiaries and joint ventures, including expansion into Vietnam for better access to trade agreements. It is listed on the Indonesia Stock Exchange since 1990 and is Indonesia’s largest garment manufacturer with a production capacity targeted at 130 million pieces annually in 2025. The restructuring and strategic expansions aim to support long-term operational turnaround and revenue recovery from a challenging market environment.