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Midi Utama Indonesia

DB:8MU
Snowflake Description

Proven track record and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
8MU
DB
IDR3,459B
Market Cap
  1. Home
  2. DE
  3. Consumer Retailing
Company description

PT Midi Utama Indonesia Tbk engages in the retail of consumer products in Indonesia. The last earnings update was 24 days ago. More info.


Add to Portfolio Compare Print
  • Midi Utama Indonesia has significant price volatility in the past 3 months.
8MU Share Price and Events
7 Day Returns
0%
DB:8MU
0.3%
Europe Consumer Retailing
1.8%
DE Market
1 Year Returns
-17%
DB:8MU
1.5%
Europe Consumer Retailing
-6%
DE Market
8MU Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Midi Utama Indonesia (8MU) 0% 2.3% -21.4% -17% 12.8% 76%
Europe Consumer Retailing 0.3% -0.3% 2.2% 1.5% -4.6% -7.6%
DE Market 1.8% 4.2% 7.4% -6% 10.1% 15.4%
1 Year Return vs Industry and Market
  • 8MU underperformed the Consumer Retailing industry which returned 1.5% over the past year.
  • 8MU underperformed the Market in Germany which returned -6% over the past year.
Price Volatility
8MU
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Midi Utama Indonesia's competitors could be found in our database.

Value

 Is Midi Utama Indonesia undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Midi Utama Indonesia to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Midi Utama Indonesia.

DB:8MU Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:8MU
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Consumer Retailing Unlevered Beta Simply Wall St/ S&P Global 0.47
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.465 (1 + (1- 25%) (66.17%))
0.796
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 5.96%)
5%

Discounted Cash Flow Calculation for DB:8MU using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Midi Utama Indonesia is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:8MU DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (IDR, Millions) Source Present Value
Discounted (@ 5%)
2019 436,056.83 Est @ 6.61% 415,308.04
2020 456,527.73 Est @ 4.69% 414,115.66
2021 471,842.33 Est @ 3.35% 407,641.73
2022 483,244.91 Est @ 2.42% 397,627.37
2023 491,750.15 Est @ 1.76% 385,372.51
2024 498,144.96 Est @ 1.3% 371,808.41
2025 503,020.27 Est @ 0.98% 357,582.46
2026 506,810.45 Est @ 0.75% 343,133.82
2027 509,830.22 Est @ 0.6% 328,753.81
2028 512,305.39 Est @ 0.49% 314,630.91
Present value of next 10 years cash flows IDR3,735,974.72
DB:8MU DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= IDR512,305.39 × (1 + 0.23%) ÷ (5% – 0.23%)
IDR10,769,157.79
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= IDR10,769,157.79 ÷ (1 + 5%)10
IDR6,613,847.83
DB:8MU Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= IDR3,735,974.72 + IDR6,613,847.83
IDR10,349,822.55
Equity Value per Share
(IDR)
= Total value / Shares Outstanding
= IDR10,349,822.55 / 2,882.35
IDR3590.75
DB:8MU Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:8MU represents 4.0E-5x of IDX:MIDI
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
4.0E-5x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (IDR) x Listing Adjustment Factor
= IDR 3,590.75 x 4.0E-5
€0.13
Value per share (EUR) From above. €0.13
Current discount Discount to share price of €0.04
= -1 x (€0.04 - €0.13) / €0.13
66.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Midi Utama Indonesia is available for.
Intrinsic value
>50%
Share price is €0.044 vs Future cash flow value of €0.13166
Current Discount Checks
For Midi Utama Indonesia to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Midi Utama Indonesia's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Midi Utama Indonesia's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Midi Utama Indonesia's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Midi Utama Indonesia's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:8MU PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in IDR IDR55.22
IDX:MIDI Share Price ** IDX (2019-04-18) in IDR IDR1200
Europe Consumer Retailing Industry PE Ratio Median Figure of 32 Publicly-Listed Consumer Retailing Companies 19.38x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.59x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Midi Utama Indonesia.

DB:8MU PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= IDX:MIDI Share Price ÷ EPS (both in IDR)

= 1200 ÷ 55.22

21.73x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Midi Utama Indonesia is overvalued based on earnings compared to the Europe Consumer Retailing industry average.
  • Midi Utama Indonesia is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Midi Utama Indonesia's expected growth come at a high price?
Raw Data
DB:8MU PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.73x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
1.3%per year
Europe Consumer Retailing Industry PEG Ratio Median Figure of 24 Publicly-Listed Consumer Retailing Companies 1.71x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Midi Utama Indonesia, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Midi Utama Indonesia's assets?
Raw Data
DB:8MU PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in IDR IDR374.80
IDX:MIDI Share Price * IDX (2019-04-18) in IDR IDR1200
Europe Consumer Retailing Industry PB Ratio Median Figure of 41 Publicly-Listed Consumer Retailing Companies 1.58x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.84x
DB:8MU PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= IDX:MIDI Share Price ÷ Book Value per Share (both in IDR)

= 1200 ÷ 374.80

3.2x

* Primary Listing of Midi Utama Indonesia.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Midi Utama Indonesia is overvalued based on assets compared to the Europe Consumer Retailing industry average.
X
Value checks
We assess Midi Utama Indonesia's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Retailing industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Retailing industry average (and greater than 0)? (1 check)
  5. Midi Utama Indonesia has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Midi Utama Indonesia expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Midi Utama Indonesia, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
1.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Midi Utama Indonesia expected to grow at an attractive rate?
  • Midi Utama Indonesia's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Midi Utama Indonesia's earnings growth is positive but not above the Germany market average.
  • Unable to compare Midi Utama Indonesia's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:8MU Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:8MU Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 1.3%
Europe Consumer Retailing Industry Earnings Growth Rate Market Cap Weighted Average 12%
Europe Consumer Retailing Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:8MU Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in IDR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:8MU Past Financials Data
Date (Data in IDR Millions) Revenue Cash Flow Net Income *
2018-12-31 10,701,575 869,407 159,151
2018-09-30 10,607,303 931,601 138,991
2018-06-30 10,263,840 845,387 122,266
2018-03-31 9,953,361 896,676 105,155
2017-12-31 9,767,592 792,739 102,812
2017-09-30 9,407,662 751,849 144,278
2017-06-30 9,239,466 799,703 198,548
2017-03-31 8,785,475 601,969 201,098
2016-12-31 8,493,119 696,506 196,043
2016-09-30 8,274,451 551,164 184,181
2016-06-30 8,038,868 700,716 153,923
2016-03-31 7,549,874 631,196 144,803

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Midi Utama Indonesia's earnings are expected to grow by 1.3% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Midi Utama Indonesia is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:8MU Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Midi Utama Indonesia Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:8MU Past Financials Data
Date (Data in IDR Millions) EPS *
2018-12-31 55.22
2018-09-30 48.22
2018-06-30 42.42
2018-03-31 36.48
2017-12-31 35.67
2017-09-30 50.06
2017-06-30 68.88
2017-03-31 69.77
2016-12-31 68.01
2016-09-30 63.90
2016-06-30 53.40
2016-03-31 50.24

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Midi Utama Indonesia will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Midi Utama Indonesia's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Midi Utama Indonesia has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Midi Utama Indonesia performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Midi Utama Indonesia's growth in the last year to its industry (Consumer Retailing).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Midi Utama Indonesia's year on year earnings growth rate has been positive over the past 5 years.
  • Midi Utama Indonesia's 1-year earnings growth exceeds its 5-year average (54.8% vs 8.6%)
  • Midi Utama Indonesia's earnings growth has exceeded the Europe Consumer Retailing industry average in the past year (54.8% vs -4.5%).
Earnings and Revenue History
Midi Utama Indonesia's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Midi Utama Indonesia Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:8MU Past Revenue, Cash Flow and Net Income Data
Date (Data in IDR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 10,701,575.00 159,151.00 2,375,248.00
2018-09-30 10,607,303.00 138,991.00 2,313,690.00
2018-06-30 10,263,840.00 122,266.00 2,253,953.00
2018-03-31 9,953,361.00 105,155.00 2,205,527.00
2017-12-31 9,767,592.00 102,812.00 2,157,479.00
2017-09-30 9,407,662.00 144,278.00 2,103,091.00
2017-06-30 9,239,466.00 198,548.00 2,006,066.00
2017-03-31 8,785,475.00 201,098.00 1,892,406.00
2016-12-31 8,493,119.00 196,043.00 1,802,610.00
2016-09-30 8,274,451.00 184,181.00 1,720,708.00
2016-06-30 8,038,868.00 153,923.00 1,664,440.00
2016-03-31 7,549,874.00 144,803.00 1,579,908.00
2015-12-31 7,171,904.00 140,511.00 1,495,552.00
2015-09-30 6,750,829.00 147,876.00 1,407,798.00
2015-06-30 6,419,439.00 149,419.00 1,320,752.00
2015-03-31 6,139,876.00 147,654.00 1,241,584.00
2014-12-31 5,943,010.00 145,945.00 1,155,641.00
2014-09-30 5,712,557.00 86,119.00 1,085,320.00
2014-06-30 5,406,414.00 73,086.00 1,024,243.00
2014-03-31 5,166,805.00 72,377.00 980,241.00
2013-12-31 4,962,851.00 67,326.00 940,895.00
2013-09-30 4,659,991.00 43,063.00 879,757.00
2013-06-30 4,444,095.00 45,828.00 844,581.00
2013-03-31 4,139,390.00 41,791.00 773,134.00
2012-12-31 3,853,062.00 45,001.00 701,459.00
2012-09-30 3,534,349.00 47,576.00 642,559.00
2012-06-30 3,133,424.00 32,845.00 553,737.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Midi Utama Indonesia has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Midi Utama Indonesia used its assets more efficiently than the Europe Consumer Retailing industry average last year based on Return on Assets.
  • Midi Utama Indonesia's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Midi Utama Indonesia's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Retailing industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Midi Utama Indonesia has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Midi Utama Indonesia's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Midi Utama Indonesia's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Midi Utama Indonesia's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Midi Utama Indonesia's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Midi Utama Indonesia's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Midi Utama Indonesia Company Filings, last reported 3 months ago.

DB:8MU Past Debt and Equity Data
Date (Data in IDR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,080,821.00 2,288,754.00 196,898.00
2018-09-30 973,371.00 2,516,467.00 294,813.00
2018-06-30 945,937.00 2,463,568.00 250,431.00
2018-03-31 943,699.00 2,528,268.00 224,518.00
2017-12-31 922,870.00 2,493,348.00 229,109.00
2017-09-30 881,055.00 2,548,242.00 174,914.00
2017-06-30 870,346.00 2,553,008.00 372,934.00
2017-03-31 913,466.00 2,271,073.00 133,974.00
2016-12-31 895,105.00 2,129,134.00 211,041.00
2016-09-30 789,273.00 1,825,822.00 162,454.00
2016-06-30 724,294.00 1,762,422.00 193,886.00
2016-03-31 749,011.00 1,542,182.00 124,443.00
2015-12-31 735,705.00 1,472,002.00 127,934.00
2015-09-30 630,610.00 1,407,577.00 140,602.00
2015-06-30 595,889.00 1,400,420.00 139,265.00
2015-03-31 628,285.00 1,159,090.00 115,107.00
2014-12-31 630,095.00 1,000,109.00 134,294.00
2014-09-30 531,849.00 948,692.00 123,524.00
2014-06-30 495,585.00 915,005.00 217,557.00
2014-03-31 508,128.00 815,995.00 196,500.00
2013-12-31 500,823.00 808,005.00 246,150.00
2013-09-30 465,906.00 802,273.00 175,457.00
2013-06-30 442,675.00 754,493.00 161,563.00
2013-03-31 446,992.00 740,436.00 168,043.00
2012-12-31 444,738.00 733,389.00 201,061.00
2012-09-30 434,084.00 721,616.00 111,679.00
2012-06-30 415,993.00 604,191.00 140,983.00
  • Midi Utama Indonesia's level of debt (211.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (161.3% vs 211.8% today).
  • Debt is well covered by operating cash flow (38%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Midi Utama Indonesia's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Midi Utama Indonesia has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Midi Utama Indonesia's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.89%
Current annual income from Midi Utama Indonesia dividends.
If you bought €2,000 of Midi Utama Indonesia shares you are expected to receive €18 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Midi Utama Indonesia's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Midi Utama Indonesia's dividend is below the markets top 25% of dividend payers in Germany (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:8MU Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Consumer Retailing Industry Average Dividend Yield Market Cap Weighted Average of 34 Stocks 3.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:8MU Past Annualized Dividends Data
Date (Data in IDR) Dividend per share (annual) Avg. Yield (%)
2018-08-01 10.700 1.026
2018-03-19 10.700 1.080
2017-07-28 20.500 2.022
2017-02-17 20.500 2.274
2016-07-28 15.000 1.955
2016-03-28 15.000 2.054
2015-07-30 14.500 1.916
2015-03-09 14.500 1.884
2014-10-31 7.000 1.198
2014-07-24 7.000 1.326
2014-03-18 7.000 1.356
2013-10-31 3.900 0.736
2013-07-31 3.900 0.654
2013-03-28 3.900 0.536
2012-07-31 2.740 0.373
2012-03-30 2.740 0.636

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Midi Utama Indonesia has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Midi Utama Indonesia only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of Midi Utama Indonesia's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Midi Utama Indonesia's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Midi Utama Indonesia afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Midi Utama Indonesia has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Midi Utama Indonesia's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
- Rullyanto
AGE 45
TENURE AS CEO 8.7 years
CEO Bio

Mr. - Rullyanto has been the President Director and Director of PT Midi Utama Indonesia Tbk since 2010 and 2007 respectively. Mr. Rullyanto holds a Master in Business Administration from Golden Gate University in 2000 and a Bachelor of Science in Business Administration from San Fransisco State University in 1999.

CEO Compensation
  • Insufficient data for - to compare compensation growth.
  • Insufficient data for - to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Midi Utama Indonesia management team in years:

8.1
Average Tenure
48
Average Age
  • The average tenure for the Midi Utama Indonesia management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

- Rullyanto

TITLE
President Director
AGE
45
TENURE
8.7 yrs

Suantopo Po

TITLE
Finance Director
AGE
42

Yohanes Santoso

TITLE
Operation Director
TENURE
6.8 yrs

Rini Hestrinalia

TITLE
General Manager of Marketing

Julianus Ginting

TITLE
General Manager of Human Capital

Maria Theresia Yulianti

TITLE
MD & Director
AGE
58

Bintang Tiurma

TITLE
Head of Internal Audit
AGE
48
TENURE
8.1 yrs

Getty Nurhalim

TITLE
Financial Controller

- Solihin

TITLE
Director of License
AGE
58
Board of Directors Tenure

Average tenure and age of the Midi Utama Indonesia board of directors in years:

5.8
Average Tenure
49
Average Age
  • The tenure for the Midi Utama Indonesia board of directors is about average.
Board of Directors

- Rullyanto

TITLE
President Director
AGE
45
TENURE
8.7 yrs

Suantopo Po

TITLE
Finance Director
AGE
42
TENURE
7.8 yrs

Maria Theresia Yulianti

TITLE
MD & Director
AGE
58
TENURE
5.8 yrs

- Solihin

TITLE
Director of License
AGE
58
TENURE
2.3 yrs

Budi Susanto

TITLE
President Commissioner
AGE
36
TENURE
6.8 yrs

Fernia Kristanto

TITLE
Independent Commissioner
AGE
53
TENURE
3.9 yrs

Harryanto Susanto

TITLE
Director
AGE
33
TENURE
5.8 yrs

Hendra Djaya

TITLE
Commissioner
AGE
64
TENURE
5.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Midi Utama Indonesia's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Midi Utama Indonesia has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

PT Midi Utama Indonesia Tbk engages in the retail of consumer products in Indonesia. It offers products through minimarkets networks under the Alfamidi and Alfaexpress names; convenience stores under the Lawson name; and supermarket network under the Alfamidi super name. The company’s network comprises owned and franchised outlet stores in various cities, such as Jakarta, Tangerang, Bogor, Depok, Bekasi, Surabaya, Malang, Makassar, Medan, Samarinda, Yogyakarta, Manado, and Palu. The company was formerly known as PT Midimart Utama. PT Midi Utama Indonesia Tbk was founded in 2007 and is headquartered in Tangerang, Indonesia. PT Midi Utama Indonesia Tbk is a subsidiary of PT Sumber Alfaria Trijaya Tbk.

Details
Name: PT Midi Utama Indonesia Tbk
8MU
Exchange: DB
Founded: 2007
IDR218,996,436
2,882,353,000
Website: http://www.alfamidiku.com
Address: PT Midi Utama Indonesia Tbk
Jl. MH. Thamrin No.9,
Cikokol,
Tangerang,
Banten, 15117,
Indonesia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
IDX MIDI Common Shares Indonesia Stock Exchange ID IDR 30. Nov 2010
DB 8MU Common Shares Deutsche Boerse AG DE EUR 30. Nov 2010
Number of employees
Current staff
Staff numbers
8,601
Midi Utama Indonesia employees.
Industry
Food Retail
Consumer Retailing
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 21:24
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2019/03/27
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.