Stock

PT Sepeda Bersama Indonesia Tbk

BIKE.JK

Leisure · Consumer Cyclical

Price

830.00 IDR

+75.00 (+9.93%)

Market Cap

1.07T IDR

Exchange

Indonesia Stock Exchange

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Sep 7, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality

Weak

Growth

Weak

Cash Flow

Weak

Stability

Data not available

Valuation

Data not available

Dividends

Weak

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Share count rising — dilution

+33.4% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 970.0M (2021) → 1.29B (2025)

§Winston Score History

The full picture

PT Sepeda Bersama Indonesia Tbk primarily operates within the wholesale bicycle trade. This Indonesian entity not only owns the Genio Bike brand but also handles the distribution of United Bike and Avand bicycles. Its market presence is substantial, supported by a broad network of 319 stores. Established in 2017, the company maintains its corporate base in South Tangerang, Indonesia.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-36.4% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-739.7% YoY

YoY Growth Rate

Earnings declining

R&D Spend

0 IDR/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Cash Position

Cash flow positive

698M IDR cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

PT Sepeda Bersama Indonesia Tbk's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

-25.3%

Thin — -25.3% gross margin

Profit after running costs

Operating Margin

-38.6%

Losing money on operations — -38.6%

Return on the money invested

ROCE

-128.0%

Weak — -128.0% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

-26.0%

Shrinking sales (-26.0% YoY)

Profit growth

EPS YoY

-543.6%

Earnings shrinking (-543.6% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

3/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

0.0%

Thin free cash flow (0.0%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns

Debt / Equity

N/A

Data not available

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Dividend

Dividend Yield

1.81%

Small dividend — 1.81% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record

Dividend Growth

N/A

Data not available

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