alltimeVenture

On March 6, 2024, Jatis Mobile (IDX: JATI) announced its full-year 2023 financial report. This software-as-a-service provider managed to generate revenue of IDR 468 billion, slightly down from the previous year’s IDR 507 billion in 2022. Despite the decline in 2023, when looking at JATI’s top-line growth since 2018, where their revenue was at IDR 328 billion, the average year-on-year growth from 2018 to 2023 remained reasonable at 7.11% annually.

However, in terms of bottom-line performance, JATI only achieved a net income of IDR 2.6 billion in 2023. This figure is significantly lower compared to the net income of IDR 24 billion in 2022.

With a net income of IDR 2.6 billion, JATI’s earnings per share for the full year 2023 amounted to only 0.88. With the stock price closing at IDR 50 per share on March 7, 2024, Jatis Mobile’s earnings yield was only able to provide a yield of 1.76%. This means that if an investor buys JATI shares at the current price of IDR 50 per share, the return (in the form of net income) from the price paid would only be 1.76%.