Financials PT. Mitra Adiperkasa Tbk

Equities

MAPI

ID1000099807

Department Stores

End-of-day quote INDONESIA S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
1,555 IDR -4.89% Intraday chart for PT. Mitra Adiperkasa Tbk -8.26% -13.13%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 17,449,292 13,066,295 11,743,126 23,899,741 29,605,908 25,719,099 - -
Enterprise Value (EV) 2 17,072 17,070 10,146 23,900 29,606 22,936 21,253 18,943
P/E ratio 18.8 x -23.9 x 26.3 x 11.3 x 15.7 x 10.9 x 9.47 x 9.44 x
Yield - - - - - 1.12% 1.8% 1.34%
Capitalization / Revenue 0.81 x 0.88 x 0.64 x 0.89 x 0.89 x 0.68 x 0.6 x 0.55 x
EV / Revenue 0.79 x 1.15 x 0.55 x 0.89 x 0.89 x 0.6 x 0.5 x 0.4 x
EV / EBITDA 6.12 x 7.58 x 2.94 x 4.37 x - 4.44 x 3.65 x 3.18 x
EV / FCF 12.2 x 17.3 x 3.83 x - - 14.5 x 9.88 x 7.87 x
FCF Yield 8.22% 5.78% 26.1% - - 6.9% 10.1% 12.7%
Price to Book 2.83 x 2.44 x 2 x - - 2.09 x 1.77 x 1.6 x
Nbr of stocks (in thousands) 16,539,613 16,539,613 16,539,613 16,539,613 16,539,613 16,539,613 - -
Reference price 3 1,055 790.0 710.0 1,445 1,790 1,555 1,555 1,555
Announcement Date 4/16/20 4/16/21 4/11/22 3/29/23 3/28/24 - - -
1IDR in Million2IDR in Billions3IDR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 21,579 14,847 18,424 26,937 33,319 38,093 42,906 47,110
EBITDA 1 2,788 2,252 3,450 5,467 - 5,164 5,815 5,956
EBIT 1 1,931 -56.86 1,234 3,070 3,596 4,128 4,591 4,998
Operating Margin 8.95% -0.38% 6.7% 11.4% 10.79% 10.84% 10.7% 10.61%
Earnings before Tax (EBT) 1 1,626 -701.7 691.6 3,173 3,203 3,723 4,230 4,389
Net income 1 933.5 -553.7 438.9 2,110 1,894 2,368 2,745 2,786
Net margin 4.33% -3.73% 2.38% 7.83% 5.68% 6.22% 6.4% 5.91%
EPS 2 56.00 -33.00 27.00 128.0 114.0 143.1 164.2 164.7
Free Cash Flow 3 1,402,854 987,217 2,646,694 - - 1,583,500 2,151,500 2,408,000
FCF margin 6,501.09% 6,649.09% 14,365.62% - - 4,156.97% 5,014.43% 5,111.43%
FCF Conversion (EBITDA) 50,311.12% 43,831.08% 76,712.17% - - 30,664.75% 36,996.85% 40,429.43%
FCF Conversion (Net income) 150,280.08% - 603,011.08% - - 66,860.3% 78,382.56% 86,447.68%
Dividend per Share 2 - - - - - 17.34 28.02 20.80
Announcement Date 4/16/20 4/16/21 4/11/22 3/29/23 3/28/24 - - -
1IDR in Billions2IDR3IDR in Million
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q4 2023 Q2 2023 S1 2023 Q4
Net sales 1 8,116 8,132 15,595 9,526
EBITDA - - - -
EBIT 1 891.3 1,069 1,734 1,030
Operating Margin 10.98% 13.15% 11.12% 10.81%
Earnings before Tax (EBT) - 969.4 1,601 -
Net income 613 639.5 1,044 -
Net margin 7.55% 7.86% 6.69% -
EPS - - - -
Dividend per Share - - - -
Announcement Date 3/29/23 7/25/23 7/25/23 3/28/24
1IDR in Billions
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 4,004 - - - - - -
Net Cash position 1 377 - 1,597 - - 2,783 4,466 6,776
Leverage (Debt/EBITDA) - 1.778 x - - - - - -
Free Cash Flow 2 1,402,854 987,217 2,646,694 - - 1,583,500 2,151,500 2,408,000
ROE (net income / shareholders' equity) 16.1% -9.61% 7.82% - - 21.3% 19.7% 18.6%
ROA (Net income/ Total Assets) 7.03% -3.51% 2.55% - - 8.56% 8.6% 8.65%
Assets 1 13,285 15,794 17,217 - - 27,682 31,935 32,202
Book Value Per Share 3 373.0 323.0 355.0 - - 742.0 879.0 974.0
Cash Flow per Share 3 143.0 81.40 183.0 - - 184.0 265.0 262.0
Capex 1 970 359 388 - - 1,771 1,676 1,224
Capex / Sales 4.5% 2.42% 2.11% - - 4.65% 3.91% 2.6%
Announcement Date 4/16/20 4/16/21 4/11/22 3/29/23 3/28/24 - - -
1IDR in Billions2IDR in Million3IDR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
19
Last Close Price
1,555 IDR
Average target price
2,316 IDR
Spread / Average Target
+48.93%
Consensus

Quarterly revenue - Rate of surprise

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