View ValuationMap Aktif Adiperkasa 향후 성장Future 기준 점검 1/6Map Aktif Adiperkasa (는) 각각 연간 7.9% 및 10.4% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 7.9% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 18.6% 로 예상됩니다.핵심 정보7.9%이익 성장률7.89%EPS 성장률Specialty Retail 이익 성장10.6%매출 성장률10.4%향후 자기자본이익률18.63%애널리스트 커버리지Good마지막 업데이트21 May 2026최근 향후 성장 업데이트Price Target Changed • Nov 08Price target increased by 9.2% to Rp1,156Up from Rp1,059, the current price target is an average from 7 analysts. New target price is 12% above last closing price of Rp1,035. Stock is up 36% over the past year. The company is forecast to post earnings per share of Rp50.98 for next year compared to Rp48.71 last year.Price Target Changed • Jul 03Price target decreased by 8.2% to Rp1,059Down from Rp1,153, the current price target is an average from 5 analysts. New target price is 44% above last closing price of Rp735. Stock is up 6.9% over the past year. The company is forecast to post earnings per share of Rp53.96 for next year compared to Rp48.71 last year.Price Target Changed • Jun 28Price target increased by 16% to Rp5,740Up from Rp4,930, the current price target is an average from 4 analysts. New target price is 16% below last closing price of Rp6,800. Stock is up 118% over the past year. The company is forecast to post earnings per share of Rp459 for next year compared to Rp412 last year.Major Estimate Revision • May 05Consensus revenue estimates increase by 20%The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from Rp10.6b to Rp12.8b. EPS estimate increased from Rp419 to Rp477 per share. Net income forecast to grow 12% next year vs 12% growth forecast for Specialty Retail industry in Indonesia. Consensus price target up from Rp4,930 to Rp5,040. Share price rose 10% to Rp5,075 over the past week.Price Target Changed • Jan 28Price target increased by 7.6% to Rp4,805Up from Rp4,465, the current price target is an average from 4 analysts. New target price is 37% above last closing price of Rp3,520. Stock is up 54% over the past year. The company is forecast to post earnings per share of Rp376 for next year compared to Rp90.30 last year.Major Estimate Revision • Jan 11Consensus EPS estimates increase by 21%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from Rp8.76b to Rp9.33b. EPS estimate increased from Rp311 to Rp375 per share. Net income forecast to shrink 0.5% next year vs 12% growth forecast for Specialty Retail industry in Indonesia . Consensus price target up from Rp4,265 to Rp4,465. Share price was steady at Rp3,540 over the past week.모든 업데이트 보기Recent updates공시 • May 20PT Map Aktif Adiperkasa Tbk, Annual General Meeting, Jun 24, 2026PT Map Aktif Adiperkasa Tbk, Annual General Meeting, Jun 24, 2026.Reported Earnings • May 01First quarter 2026 earnings released: EPS: Rp17.00 (vs Rp11.93 in 1Q 2025)First quarter 2026 results: EPS: Rp17.00 (up from Rp11.93 in 1Q 2025). Revenue: Rp4.95t (up 15% from 1Q 2025). Net income: Rp470.6b (up 38% from 1Q 2025). Profit margin: 9.5% (up from 7.9% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Specialty Retail industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 6% per year.Reported Earnings • Apr 01Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: Rp60.00 (up from Rp47.50 in FY 2024). Revenue: Rp19t (up 12% from FY 2024). Net income: Rp1.72t (up 27% from FY 2024). Profit margin: 8.9% (up from 7.9% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Specialty Retail industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 12% per year.Buy Or Sell Opportunity • Feb 03Now 23% overvaluedOver the last 90 days, the stock has fallen 8.2% to Rp730. The fair value is estimated to be Rp592, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 6.8%. Revenue is forecast to grow by 31% in 2 years. Earnings are forecast to grow by 48% in the next 2 years.Reported Earnings • Nov 04Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: Rp17.83 (down from Rp18.06 in 3Q 2024). Revenue: Rp5.15t (up 14% from 3Q 2024). Net income: Rp499.6b (down 2.9% from 3Q 2024). Profit margin: 9.7% (down from 11% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) also surpassed analyst estimates by 27%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Specialty Retail industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.Buy Or Sell Opportunity • Oct 28Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 11% to Rp715. The fair value is estimated to be Rp574, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 44% in the next 2 years.Board Change • Oct 24No independent directorsThere are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 6 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director Miquel Staal is the most experienced director on the board, commencing their role in 2018. Independent Commissioner Hendry Batubara was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors.공시 • Jul 03PT Map Aktif Adiperkasa Tbk announces Annual dividend, payable on July 28, 2025PT Map Aktif Adiperkasa Tbk announced Annual dividend of IDR 4.0000 per share payable on July 28, 2025, ex-date on July 09, 2025 and record date on July 10, 2025.공시 • May 22PT Map Aktif Adiperkasa Tbk, Annual General Meeting, Jun 30, 2025PT Map Aktif Adiperkasa Tbk, Annual General Meeting, Jun 30, 2025.Price Target Changed • Nov 08Price target increased by 9.2% to Rp1,156Up from Rp1,059, the current price target is an average from 7 analysts. New target price is 12% above last closing price of Rp1,035. Stock is up 36% over the past year. The company is forecast to post earnings per share of Rp50.98 for next year compared to Rp48.71 last year.Reported Earnings • Nov 02Third quarter 2024 earnings released: EPS: Rp18.56 (vs Rp13.17 in 3Q 2023)Third quarter 2024 results: EPS: Rp18.56 (up from Rp13.17 in 3Q 2023). Revenue: Rp4.53t (up 25% from 3Q 2023). Net income: Rp514.7b (up 37% from 3Q 2023). Profit margin: 11% (up from 10% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Specialty Retail industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Nov 01Investor sentiment improves as stock rises 20%After last week's 20% share price gain to Rp1,085, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 8x in the Specialty Retail industry in Indonesia. Total returns to shareholders of 246% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp974 per share.Buy Or Sell Opportunity • Aug 08Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at Rp830. The fair value is estimated to be Rp1,046, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 54%. Revenue is forecast to grow by 39% in 2 years. Earnings are forecast to grow by 61% in the next 2 years.Reported Earnings • Aug 03Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: Rp4.19t (up 29% from 2Q 2023). Net income: Rp305.5b (down 22% from 2Q 2023). Profit margin: 7.3% (down from 12% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Specialty Retail industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 65% per year whereas the company’s share price has increased by 66% per year.Valuation Update With 7 Day Price Move • Aug 02Investor sentiment improves as stock rises 15%After last week's 15% share price gain to Rp860, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 8x in the Specialty Retail industry in Indonesia. Total returns to shareholders of 358% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp1,059 per share.Price Target Changed • Jul 03Price target decreased by 8.2% to Rp1,059Down from Rp1,153, the current price target is an average from 5 analysts. New target price is 44% above last closing price of Rp735. Stock is up 6.9% over the past year. The company is forecast to post earnings per share of Rp53.96 for next year compared to Rp48.71 last year.공시 • May 24PT Map Aktif Adiperkasa Tbk, Annual General Meeting, Jun 27, 2024PT Map Aktif Adiperkasa Tbk, Annual General Meeting, Jun 27, 2024.Recent Insider Transactions • May 03Director recently bought Rp3.0b worth of stockOn the 30th of April, Miquel Staal bought around 4m shares on-market at roughly Rp800 per share. This transaction amounted to 37% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold Rp21b more in shares than they bought in the last 12 months.Reported Earnings • Apr 30First quarter 2024 earnings released: EPS: Rp10.00 (vs Rp9.61 in 1Q 2023)First quarter 2024 results: EPS: Rp10.00 (up from Rp9.61 in 1Q 2023). Revenue: Rp3.69t (up 36% from 1Q 2023). Net income: Rp281.4b (up 2.7% from 1Q 2023). Profit margin: 7.6% (down from 10% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Specialty Retail industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • Apr 25Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.6% to Rp935. The fair value is estimated to be Rp1,187, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Earnings per share has grown by 81%. For the next 3 years, revenue is forecast to grow by 19% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.공시 • Apr 03PT Map Aktif Adiperkasa Tbk Ordinary Shares to be deleted from OTC EquityPT Map Aktif Adiperkasa Tbk Ordinary Shares will be deleted from OTC Equity effective April 02, 2024, due to inactive security.Reported Earnings • Mar 30Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: Rp49.00 (up from Rp41.21 in FY 2022). Revenue: Rp14t (up 38% from FY 2022). Net income: Rp1.39t (up 18% from FY 2022). Profit margin: 10% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 1.6%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Specialty Retail industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 70% per year, which means it is significantly lagging earnings growth.New Risk • Mar 15New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: Rp5.3b This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (28% accrual ratio). Minor Risk Significant insider selling over the past 3 months (Rp5.3b sold).Buy Or Sell Opportunity • Feb 19Now 21% undervaluedOver the last 90 days, the stock has risen 21% to Rp970. The fair value is estimated to be Rp1,221, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 92%. Revenue is forecast to grow by 53% in 2 years. Earnings are forecast to grow by 53% in the next 2 years.Reported Earnings • Nov 01Third quarter 2023 earnings released: EPS: Rp12.69 (vs Rp11.65 in 3Q 2022)Third quarter 2023 results: EPS: Rp12.69 (up from Rp11.65 in 3Q 2022). Revenue: Rp3.61t (up 43% from 3Q 2022). Net income: Rp375.3b (up 13% from 3Q 2022). Profit margin: 10% (down from 13% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Specialty Retail industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth.Recent Insider Transactions • Sep 29Director recently bought Rp915m worth of stockOn the 26th of September, Miquel Staal bought around 1m shares on-market at roughly Rp775 per share. This transaction amounted to 9.6% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth Rp2.4b. Despite this recent purchase, insiders have collectively sold Rp14b more in shares than they bought in the last 12 months.New Risk • Jul 29New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company.Reported Earnings • Jul 28Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: Rp3.25t (up 37% from 2Q 2022). Net income: Rp389.8b (up 28% from 2Q 2022). Profit margin: 12% (in line with 2Q 2022). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Specialty Retail industry in Indonesia.Price Target Changed • Jun 28Price target increased by 16% to Rp5,740Up from Rp4,930, the current price target is an average from 4 analysts. New target price is 16% below last closing price of Rp6,800. Stock is up 118% over the past year. The company is forecast to post earnings per share of Rp459 for next year compared to Rp412 last year.Valuation Update With 7 Day Price Move • May 17Investor sentiment improves as stock rises 16%After last week's 16% share price gain to Rp5,900, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Specialty Retail industry in Indonesia. Total returns to shareholders of 165% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp4,294 per share.Major Estimate Revision • May 05Consensus revenue estimates increase by 20%The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from Rp10.6b to Rp12.8b. EPS estimate increased from Rp419 to Rp477 per share. Net income forecast to grow 12% next year vs 12% growth forecast for Specialty Retail industry in Indonesia. Consensus price target up from Rp4,930 to Rp5,040. Share price rose 10% to Rp5,075 over the past week.Reported Earnings • Mar 30Full year 2022 earnings released: EPS: Rp412 (vs Rp90.30 in FY 2021)Full year 2022 results: EPS: Rp412 (up from Rp90.30 in FY 2021). Revenue: Rp9.80t (up 62% from FY 2021). Net income: Rp1.17t (up 356% from FY 2021). Profit margin: 12% (up from 4.3% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Specialty Retail industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 44% per year whereas the company’s share price has increased by 41% per year.Valuation Update With 7 Day Price Move • Feb 03Investor sentiment improves as stock rises 18%After last week's 18% share price gain to Rp4,140, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Specialty Retail industry in Asia. Total loss to shareholders of 5.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp2,249 per share.Price Target Changed • Jan 28Price target increased by 7.6% to Rp4,805Up from Rp4,465, the current price target is an average from 4 analysts. New target price is 37% above last closing price of Rp3,520. Stock is up 54% over the past year. The company is forecast to post earnings per share of Rp376 for next year compared to Rp90.30 last year.Major Estimate Revision • Jan 11Consensus EPS estimates increase by 21%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from Rp8.76b to Rp9.33b. EPS estimate increased from Rp311 to Rp375 per share. Net income forecast to shrink 0.5% next year vs 12% growth forecast for Specialty Retail industry in Indonesia . Consensus price target up from Rp4,265 to Rp4,465. Share price was steady at Rp3,540 over the past week.Valuation Update With 7 Day Price Move • Nov 25Investor sentiment improved over the past weekAfter last week's 18% share price gain to Rp4,160, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Specialty Retail industry in Asia. Total loss to shareholders of 24% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp4,091 per share.Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). President Commissioner Virendra Sharma was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Nov 01Investor sentiment improved over the past weekAfter last week's 17% share price gain to Rp3,360, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Specialty Retail industry in Asia. Total loss to shareholders of 34% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp2,536 per share.Buying Opportunity • Jul 05Now 20% undervaluedOver the last 90 days, the stock is up 10%. The fair value is estimated to be Rp3,565, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.9% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 44% in 2 years. Earnings is forecast to grow by 123% in the next 2 years.Reported Earnings • Jun 24First quarter 2022 earnings released: EPS: Rp59.00 (vs Rp1.78 in 1Q 2021)First quarter 2022 results: EPS: Rp59.00 (up from Rp1.78 in 1Q 2021). Revenue: Rp1.92t (up 50% from 1Q 2021). Net income: Rp168.8b (up Rp163.7b from 1Q 2021). Profit margin: 8.8% (up from 0.4% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 26%, compared to a 16% growth forecast for the industry in Indonesia. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.Buying Opportunity • Jun 02Now 21% undervaluedOver the last 90 days, the stock is up 20%. The fair value is estimated to be Rp3,953, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.6% over the last 3 years. Earnings per share has declined by 55%. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings is also forecast to grow by 36% per annum over the same time period.Valuation Update With 7 Day Price Move • May 23Investor sentiment improved over the past weekAfter last week's 16% share price gain to Rp3,240, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Specialty Retail industry in Asia. Total loss to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp4,699 per share.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Independent Commissioner Atiff Ibrahim Gill was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Apr 13Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: Rp90.00 (up from Rp0.73 in FY 2020). Revenue: Rp6.04t (up 26% from FY 2020). Net income: Rp257.4b (up Rp255.3b from FY 2020). Profit margin: 4.3% (up from 0% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 232%. Over the next year, revenue is forecast to grow 21%, compared to a 18% growth forecast for the retail industry in Indonesia. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Apr 12Investor sentiment improved over the past weekAfter last week's 22% share price gain to Rp3,190, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the Specialty Retail industry in Asia. Total loss to shareholders of 51% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp4,614 per share.Valuation Update With 7 Day Price Move • Feb 02Investor sentiment improved over the past weekAfter last week's 16% share price gain to Rp2,640, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 17x in the Specialty Retail industry in Asia. Total loss to shareholders of 46% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp4,484 per share.Reported Earnings • Nov 15Third quarter 2021 earnings releasedThe company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: Rp930.8b (down 15% from 3Q 2020). Net loss: Rp102.8b (loss widened 191% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Oct 21Investor sentiment improved over the past weekAfter last week's 17% share price gain to Rp3,190, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 17x in the Specialty Retail industry in Asia. Total loss to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp4,635 per share.Valuation Update With 7 Day Price Move • Sep 16Investor sentiment improved over the past weekAfter last week's 17% share price gain to Rp2,630, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 18x in the Specialty Retail industry in Asia. Total loss to shareholders of 37% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp4,068 per share.Valuation Update With 7 Day Price Move • Sep 01Investor sentiment improved over the past weekAfter last week's 16% share price gain to Rp2,250, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the Specialty Retail industry in Asia. Total loss to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp3,994 per share.Reported Earnings • May 15Third quarter 2020 earnings released: Rp12.42 loss per share (vs Rp60.26 profit in 3Q 2019)The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2020 results: Revenue: Rp1.09t (down 43% from 3Q 2019). Net loss: Rp35.4b (down 121% from profit in 3Q 2019).Major Estimate Revision • Dec 09Analysts update estimatesThe company is forecast to report a loss instead of a profit in 2020 with analysts lowering their consensus EPS forecasts from Rp8.99 to -Rp31.93. Revenue estimate was approximately flat at Rp4.60b. The Specialty Retail industry in Indonesia is expected to see an average net income growth of 28% next year. The consensus price target was lowered from Rp3,510 to Rp3,503. Share price is up 8.8% to Rp2,960 over the past week.Reported Earnings • Nov 27Third quarter 2020 earnings released: Rp12.59 loss per shareThe company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: Rp1.09t (down 42% from 3Q 2019). Net loss: Rp35.4b (down 120% from profit in 3Q 2019).Analyst Estimate Surprise Post Earnings • Nov 27Revenue and earnings miss expectationsRevenue missed analyst estimates by 0.3%. Earnings per share (EPS) also missed analyst estimates by 7.9%. Over the next year, revenue is forecast to grow 14%, compared to a 19% growth forecast for the Specialty Retail industry in Indonesia.Major Estimate Revision • Nov 26Analysts update estimatesThe 2020 consensus revenue estimate increased from Rp4.53b to Rp4.61b. The company's losses in 2020 are expected to worsen with analysts lowering their EPS forecasts from -Rp17.55 to -Rp29.30. The Specialty Retail industry in Indonesia is expected to see an average net income growth of 22% next year. The consensus price target increased from Rp3,410 to Rp3,510. Share price is up 4.1% to Rp2,520 over the past week.Is New 90 Day High Low • Nov 24New 90-day high: Rp2,500The company is up 6.0% from its price of Rp2,350 on 26 August 2020. The Indonesian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp3,203 per share.Is New 90 Day High Low • Nov 03New 90-day low: Rp1,930The company is down 8.0% from its price of Rp2,100 on 05 August 2020. The Indonesian market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp1,361 per share.이익 및 매출 성장 예측IDX:MAPA - 애널리스트 향후 추정치 및 과거 재무 데이터 (IDR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202824,245,0122,103,1551,524,000N/A112/31/202724,736,3172,166,4911,729,6783,184,500712/31/202621,698,0411,767,8211,780,4622,880,50023/31/202619,915,2161,851,4872,549,0943,518,131N/A12/31/202519,279,9231,720,8952,246,0323,215,166N/A9/30/202518,709,8311,414,4011,848,2412,974,006N/A6/30/202518,092,0601,429,5112,097,0973,219,917N/A3/31/202517,810,7381,412,5692,025,3673,203,739N/A12/31/202417,184,4261,353,9981,619,6382,873,934N/A9/30/202416,394,2731,473,4291,164,9322,461,043N/A6/30/202415,475,3371,326,896398,3221,650,466N/A3/31/202414,527,5371,409,768134,1891,248,089N/A12/31/202313,558,5951,388,473320,7821,281,842N/A9/30/202312,562,3731,386,625273,2581,002,502N/A6/30/202311,479,4661,350,597600,1211,187,545N/A3/31/202310,608,8721,266,802911,0001,380,270N/A12/31/20229,801,2401,175,4581,270,6641,645,770N/A9/30/20229,065,1911,054,8571,616,2331,869,177N/A6/30/20227,464,937619,8591,434,4791,627,406N/A3/31/20226,682,686414,4531,023,2141,196,520N/A12/31/20216,042,002250,752771,714884,104N/A9/30/20215,372,011114,135379,785473,817N/A6/30/20215,527,148186,549275,836383,804N/A3/31/20214,588,785-62,01459,097129,671N/A12/31/20204,781,4802,078-46,65959,654N/A9/30/20205,309,86738,44954,412229,851N/A6/30/20206,124,609240,636130,242348,471N/A3/31/20207,425,986614,712507,316783,190N/A12/31/20197,472,911686,771N/A820,493N/A9/30/20197,103,701687,364N/A580,665N/A6/30/20196,809,876686,941N/A379,509N/A3/31/20196,440,018398,028N/A264,151N/A12/31/20186,245,547353,411N/A543,567N/A9/30/20185,941,519313,501N/A757,246N/A6/30/20185,625,259240,106N/A844,935N/A3/31/20185,218,031346,767N/A665,911N/A12/31/20175,076,181292,593N/A500,581N/A12/31/20164,533,664256,797N/A723,340N/A12/31/20154,138,877763,453N/AN/AN/A더 보기애널리스트 향후 성장 전망수입 대 저축률: MAPA 의 연간 예상 수익 증가율(7.9%)이 saving rate(6.7%)보다 높습니다.수익 vs 시장: MAPA 의 연간 수익(7.9%)이 ID 시장(8.8%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: MAPA 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: MAPA 의 수익(연간 10.4%)이 ID 시장(연간 12.3%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: MAPA 의 수익(연간 10.4%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: MAPA의 자본 수익률은 3년 후 18.6%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YRetail 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/21 20:39종가2026/05/21 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스PT Map Aktif Adiperkasa Tbk는 13명의 분석가가 다루고 있습니다. 이 중 7명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Paul Robert DewberryBofA Global ResearchBaruna ArkasatyoCGS InternationalJennifer WidjajaCLSA10명의 분석가 더 보기
Price Target Changed • Nov 08Price target increased by 9.2% to Rp1,156Up from Rp1,059, the current price target is an average from 7 analysts. New target price is 12% above last closing price of Rp1,035. Stock is up 36% over the past year. The company is forecast to post earnings per share of Rp50.98 for next year compared to Rp48.71 last year.
Price Target Changed • Jul 03Price target decreased by 8.2% to Rp1,059Down from Rp1,153, the current price target is an average from 5 analysts. New target price is 44% above last closing price of Rp735. Stock is up 6.9% over the past year. The company is forecast to post earnings per share of Rp53.96 for next year compared to Rp48.71 last year.
Price Target Changed • Jun 28Price target increased by 16% to Rp5,740Up from Rp4,930, the current price target is an average from 4 analysts. New target price is 16% below last closing price of Rp6,800. Stock is up 118% over the past year. The company is forecast to post earnings per share of Rp459 for next year compared to Rp412 last year.
Major Estimate Revision • May 05Consensus revenue estimates increase by 20%The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from Rp10.6b to Rp12.8b. EPS estimate increased from Rp419 to Rp477 per share. Net income forecast to grow 12% next year vs 12% growth forecast for Specialty Retail industry in Indonesia. Consensus price target up from Rp4,930 to Rp5,040. Share price rose 10% to Rp5,075 over the past week.
Price Target Changed • Jan 28Price target increased by 7.6% to Rp4,805Up from Rp4,465, the current price target is an average from 4 analysts. New target price is 37% above last closing price of Rp3,520. Stock is up 54% over the past year. The company is forecast to post earnings per share of Rp376 for next year compared to Rp90.30 last year.
Major Estimate Revision • Jan 11Consensus EPS estimates increase by 21%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from Rp8.76b to Rp9.33b. EPS estimate increased from Rp311 to Rp375 per share. Net income forecast to shrink 0.5% next year vs 12% growth forecast for Specialty Retail industry in Indonesia . Consensus price target up from Rp4,265 to Rp4,465. Share price was steady at Rp3,540 over the past week.
공시 • May 20PT Map Aktif Adiperkasa Tbk, Annual General Meeting, Jun 24, 2026PT Map Aktif Adiperkasa Tbk, Annual General Meeting, Jun 24, 2026.
Reported Earnings • May 01First quarter 2026 earnings released: EPS: Rp17.00 (vs Rp11.93 in 1Q 2025)First quarter 2026 results: EPS: Rp17.00 (up from Rp11.93 in 1Q 2025). Revenue: Rp4.95t (up 15% from 1Q 2025). Net income: Rp470.6b (up 38% from 1Q 2025). Profit margin: 9.5% (up from 7.9% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Specialty Retail industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 6% per year.
Reported Earnings • Apr 01Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: Rp60.00 (up from Rp47.50 in FY 2024). Revenue: Rp19t (up 12% from FY 2024). Net income: Rp1.72t (up 27% from FY 2024). Profit margin: 8.9% (up from 7.9% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Specialty Retail industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 12% per year.
Buy Or Sell Opportunity • Feb 03Now 23% overvaluedOver the last 90 days, the stock has fallen 8.2% to Rp730. The fair value is estimated to be Rp592, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 6.8%. Revenue is forecast to grow by 31% in 2 years. Earnings are forecast to grow by 48% in the next 2 years.
Reported Earnings • Nov 04Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: Rp17.83 (down from Rp18.06 in 3Q 2024). Revenue: Rp5.15t (up 14% from 3Q 2024). Net income: Rp499.6b (down 2.9% from 3Q 2024). Profit margin: 9.7% (down from 11% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) also surpassed analyst estimates by 27%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Specialty Retail industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • Oct 28Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 11% to Rp715. The fair value is estimated to be Rp574, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 44% in the next 2 years.
Board Change • Oct 24No independent directorsThere are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 6 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director Miquel Staal is the most experienced director on the board, commencing their role in 2018. Independent Commissioner Hendry Batubara was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors.
공시 • Jul 03PT Map Aktif Adiperkasa Tbk announces Annual dividend, payable on July 28, 2025PT Map Aktif Adiperkasa Tbk announced Annual dividend of IDR 4.0000 per share payable on July 28, 2025, ex-date on July 09, 2025 and record date on July 10, 2025.
공시 • May 22PT Map Aktif Adiperkasa Tbk, Annual General Meeting, Jun 30, 2025PT Map Aktif Adiperkasa Tbk, Annual General Meeting, Jun 30, 2025.
Price Target Changed • Nov 08Price target increased by 9.2% to Rp1,156Up from Rp1,059, the current price target is an average from 7 analysts. New target price is 12% above last closing price of Rp1,035. Stock is up 36% over the past year. The company is forecast to post earnings per share of Rp50.98 for next year compared to Rp48.71 last year.
Reported Earnings • Nov 02Third quarter 2024 earnings released: EPS: Rp18.56 (vs Rp13.17 in 3Q 2023)Third quarter 2024 results: EPS: Rp18.56 (up from Rp13.17 in 3Q 2023). Revenue: Rp4.53t (up 25% from 3Q 2023). Net income: Rp514.7b (up 37% from 3Q 2023). Profit margin: 11% (up from 10% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Specialty Retail industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Nov 01Investor sentiment improves as stock rises 20%After last week's 20% share price gain to Rp1,085, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 8x in the Specialty Retail industry in Indonesia. Total returns to shareholders of 246% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp974 per share.
Buy Or Sell Opportunity • Aug 08Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at Rp830. The fair value is estimated to be Rp1,046, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 54%. Revenue is forecast to grow by 39% in 2 years. Earnings are forecast to grow by 61% in the next 2 years.
Reported Earnings • Aug 03Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: Rp4.19t (up 29% from 2Q 2023). Net income: Rp305.5b (down 22% from 2Q 2023). Profit margin: 7.3% (down from 12% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Specialty Retail industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 65% per year whereas the company’s share price has increased by 66% per year.
Valuation Update With 7 Day Price Move • Aug 02Investor sentiment improves as stock rises 15%After last week's 15% share price gain to Rp860, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 8x in the Specialty Retail industry in Indonesia. Total returns to shareholders of 358% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp1,059 per share.
Price Target Changed • Jul 03Price target decreased by 8.2% to Rp1,059Down from Rp1,153, the current price target is an average from 5 analysts. New target price is 44% above last closing price of Rp735. Stock is up 6.9% over the past year. The company is forecast to post earnings per share of Rp53.96 for next year compared to Rp48.71 last year.
공시 • May 24PT Map Aktif Adiperkasa Tbk, Annual General Meeting, Jun 27, 2024PT Map Aktif Adiperkasa Tbk, Annual General Meeting, Jun 27, 2024.
Recent Insider Transactions • May 03Director recently bought Rp3.0b worth of stockOn the 30th of April, Miquel Staal bought around 4m shares on-market at roughly Rp800 per share. This transaction amounted to 37% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold Rp21b more in shares than they bought in the last 12 months.
Reported Earnings • Apr 30First quarter 2024 earnings released: EPS: Rp10.00 (vs Rp9.61 in 1Q 2023)First quarter 2024 results: EPS: Rp10.00 (up from Rp9.61 in 1Q 2023). Revenue: Rp3.69t (up 36% from 1Q 2023). Net income: Rp281.4b (up 2.7% from 1Q 2023). Profit margin: 7.6% (down from 10% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Specialty Retail industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • Apr 25Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.6% to Rp935. The fair value is estimated to be Rp1,187, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Earnings per share has grown by 81%. For the next 3 years, revenue is forecast to grow by 19% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.
공시 • Apr 03PT Map Aktif Adiperkasa Tbk Ordinary Shares to be deleted from OTC EquityPT Map Aktif Adiperkasa Tbk Ordinary Shares will be deleted from OTC Equity effective April 02, 2024, due to inactive security.
Reported Earnings • Mar 30Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: Rp49.00 (up from Rp41.21 in FY 2022). Revenue: Rp14t (up 38% from FY 2022). Net income: Rp1.39t (up 18% from FY 2022). Profit margin: 10% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 1.6%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Specialty Retail industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 70% per year, which means it is significantly lagging earnings growth.
New Risk • Mar 15New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: Rp5.3b This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (28% accrual ratio). Minor Risk Significant insider selling over the past 3 months (Rp5.3b sold).
Buy Or Sell Opportunity • Feb 19Now 21% undervaluedOver the last 90 days, the stock has risen 21% to Rp970. The fair value is estimated to be Rp1,221, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 92%. Revenue is forecast to grow by 53% in 2 years. Earnings are forecast to grow by 53% in the next 2 years.
Reported Earnings • Nov 01Third quarter 2023 earnings released: EPS: Rp12.69 (vs Rp11.65 in 3Q 2022)Third quarter 2023 results: EPS: Rp12.69 (up from Rp11.65 in 3Q 2022). Revenue: Rp3.61t (up 43% from 3Q 2022). Net income: Rp375.3b (up 13% from 3Q 2022). Profit margin: 10% (down from 13% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Specialty Retail industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth.
Recent Insider Transactions • Sep 29Director recently bought Rp915m worth of stockOn the 26th of September, Miquel Staal bought around 1m shares on-market at roughly Rp775 per share. This transaction amounted to 9.6% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth Rp2.4b. Despite this recent purchase, insiders have collectively sold Rp14b more in shares than they bought in the last 12 months.
New Risk • Jul 29New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company.
Reported Earnings • Jul 28Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: Rp3.25t (up 37% from 2Q 2022). Net income: Rp389.8b (up 28% from 2Q 2022). Profit margin: 12% (in line with 2Q 2022). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Specialty Retail industry in Indonesia.
Price Target Changed • Jun 28Price target increased by 16% to Rp5,740Up from Rp4,930, the current price target is an average from 4 analysts. New target price is 16% below last closing price of Rp6,800. Stock is up 118% over the past year. The company is forecast to post earnings per share of Rp459 for next year compared to Rp412 last year.
Valuation Update With 7 Day Price Move • May 17Investor sentiment improves as stock rises 16%After last week's 16% share price gain to Rp5,900, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Specialty Retail industry in Indonesia. Total returns to shareholders of 165% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp4,294 per share.
Major Estimate Revision • May 05Consensus revenue estimates increase by 20%The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from Rp10.6b to Rp12.8b. EPS estimate increased from Rp419 to Rp477 per share. Net income forecast to grow 12% next year vs 12% growth forecast for Specialty Retail industry in Indonesia. Consensus price target up from Rp4,930 to Rp5,040. Share price rose 10% to Rp5,075 over the past week.
Reported Earnings • Mar 30Full year 2022 earnings released: EPS: Rp412 (vs Rp90.30 in FY 2021)Full year 2022 results: EPS: Rp412 (up from Rp90.30 in FY 2021). Revenue: Rp9.80t (up 62% from FY 2021). Net income: Rp1.17t (up 356% from FY 2021). Profit margin: 12% (up from 4.3% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Specialty Retail industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 44% per year whereas the company’s share price has increased by 41% per year.
Valuation Update With 7 Day Price Move • Feb 03Investor sentiment improves as stock rises 18%After last week's 18% share price gain to Rp4,140, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Specialty Retail industry in Asia. Total loss to shareholders of 5.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp2,249 per share.
Price Target Changed • Jan 28Price target increased by 7.6% to Rp4,805Up from Rp4,465, the current price target is an average from 4 analysts. New target price is 37% above last closing price of Rp3,520. Stock is up 54% over the past year. The company is forecast to post earnings per share of Rp376 for next year compared to Rp90.30 last year.
Major Estimate Revision • Jan 11Consensus EPS estimates increase by 21%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from Rp8.76b to Rp9.33b. EPS estimate increased from Rp311 to Rp375 per share. Net income forecast to shrink 0.5% next year vs 12% growth forecast for Specialty Retail industry in Indonesia . Consensus price target up from Rp4,265 to Rp4,465. Share price was steady at Rp3,540 over the past week.
Valuation Update With 7 Day Price Move • Nov 25Investor sentiment improved over the past weekAfter last week's 18% share price gain to Rp4,160, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Specialty Retail industry in Asia. Total loss to shareholders of 24% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp4,091 per share.
Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). President Commissioner Virendra Sharma was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Nov 01Investor sentiment improved over the past weekAfter last week's 17% share price gain to Rp3,360, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Specialty Retail industry in Asia. Total loss to shareholders of 34% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp2,536 per share.
Buying Opportunity • Jul 05Now 20% undervaluedOver the last 90 days, the stock is up 10%. The fair value is estimated to be Rp3,565, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.9% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 44% in 2 years. Earnings is forecast to grow by 123% in the next 2 years.
Reported Earnings • Jun 24First quarter 2022 earnings released: EPS: Rp59.00 (vs Rp1.78 in 1Q 2021)First quarter 2022 results: EPS: Rp59.00 (up from Rp1.78 in 1Q 2021). Revenue: Rp1.92t (up 50% from 1Q 2021). Net income: Rp168.8b (up Rp163.7b from 1Q 2021). Profit margin: 8.8% (up from 0.4% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 26%, compared to a 16% growth forecast for the industry in Indonesia. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.
Buying Opportunity • Jun 02Now 21% undervaluedOver the last 90 days, the stock is up 20%. The fair value is estimated to be Rp3,953, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.6% over the last 3 years. Earnings per share has declined by 55%. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings is also forecast to grow by 36% per annum over the same time period.
Valuation Update With 7 Day Price Move • May 23Investor sentiment improved over the past weekAfter last week's 16% share price gain to Rp3,240, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Specialty Retail industry in Asia. Total loss to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp4,699 per share.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Independent Commissioner Atiff Ibrahim Gill was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Apr 13Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: Rp90.00 (up from Rp0.73 in FY 2020). Revenue: Rp6.04t (up 26% from FY 2020). Net income: Rp257.4b (up Rp255.3b from FY 2020). Profit margin: 4.3% (up from 0% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 232%. Over the next year, revenue is forecast to grow 21%, compared to a 18% growth forecast for the retail industry in Indonesia. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Apr 12Investor sentiment improved over the past weekAfter last week's 22% share price gain to Rp3,190, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the Specialty Retail industry in Asia. Total loss to shareholders of 51% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp4,614 per share.
Valuation Update With 7 Day Price Move • Feb 02Investor sentiment improved over the past weekAfter last week's 16% share price gain to Rp2,640, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 17x in the Specialty Retail industry in Asia. Total loss to shareholders of 46% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp4,484 per share.
Reported Earnings • Nov 15Third quarter 2021 earnings releasedThe company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: Rp930.8b (down 15% from 3Q 2020). Net loss: Rp102.8b (loss widened 191% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Oct 21Investor sentiment improved over the past weekAfter last week's 17% share price gain to Rp3,190, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 17x in the Specialty Retail industry in Asia. Total loss to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp4,635 per share.
Valuation Update With 7 Day Price Move • Sep 16Investor sentiment improved over the past weekAfter last week's 17% share price gain to Rp2,630, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 18x in the Specialty Retail industry in Asia. Total loss to shareholders of 37% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp4,068 per share.
Valuation Update With 7 Day Price Move • Sep 01Investor sentiment improved over the past weekAfter last week's 16% share price gain to Rp2,250, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the Specialty Retail industry in Asia. Total loss to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp3,994 per share.
Reported Earnings • May 15Third quarter 2020 earnings released: Rp12.42 loss per share (vs Rp60.26 profit in 3Q 2019)The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2020 results: Revenue: Rp1.09t (down 43% from 3Q 2019). Net loss: Rp35.4b (down 121% from profit in 3Q 2019).
Major Estimate Revision • Dec 09Analysts update estimatesThe company is forecast to report a loss instead of a profit in 2020 with analysts lowering their consensus EPS forecasts from Rp8.99 to -Rp31.93. Revenue estimate was approximately flat at Rp4.60b. The Specialty Retail industry in Indonesia is expected to see an average net income growth of 28% next year. The consensus price target was lowered from Rp3,510 to Rp3,503. Share price is up 8.8% to Rp2,960 over the past week.
Reported Earnings • Nov 27Third quarter 2020 earnings released: Rp12.59 loss per shareThe company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: Rp1.09t (down 42% from 3Q 2019). Net loss: Rp35.4b (down 120% from profit in 3Q 2019).
Analyst Estimate Surprise Post Earnings • Nov 27Revenue and earnings miss expectationsRevenue missed analyst estimates by 0.3%. Earnings per share (EPS) also missed analyst estimates by 7.9%. Over the next year, revenue is forecast to grow 14%, compared to a 19% growth forecast for the Specialty Retail industry in Indonesia.
Major Estimate Revision • Nov 26Analysts update estimatesThe 2020 consensus revenue estimate increased from Rp4.53b to Rp4.61b. The company's losses in 2020 are expected to worsen with analysts lowering their EPS forecasts from -Rp17.55 to -Rp29.30. The Specialty Retail industry in Indonesia is expected to see an average net income growth of 22% next year. The consensus price target increased from Rp3,410 to Rp3,510. Share price is up 4.1% to Rp2,520 over the past week.
Is New 90 Day High Low • Nov 24New 90-day high: Rp2,500The company is up 6.0% from its price of Rp2,350 on 26 August 2020. The Indonesian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp3,203 per share.
Is New 90 Day High Low • Nov 03New 90-day low: Rp1,930The company is down 8.0% from its price of Rp2,100 on 05 August 2020. The Indonesian market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp1,361 per share.