PT Map Aktif Adiperkasa Tbk

DB:JN4 Stock Report

Market Cap: €1.1b

Map Aktif Adiperkasa Valuation

Is JN4 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of JN4 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

€0.027
Fair Value
8.9% undervalued intrinsic discount
8
Number of Analysts

Below Fair Value: JN4 (€0.03) is trading below our estimate of fair value (€0.03)

Significantly Below Fair Value: JN4 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for JN4?

Key metric: As JN4 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for JN4. This is calculated by dividing JN4's market cap by their current earnings.
What is JN4's PE Ratio?
PE Ratio14.5x
EarningsRp1.41t
Market CapRp20.52t

Price to Earnings Ratio vs Peers

How does JN4's PE Ratio compare to its peers?

The above table shows the PE ratio for JN4 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.5x
DOU Douglas
5.6x7.09%€1.3b
FIE Fielmann Group
19.7x13.39%€3.6b
HBH HORNBACH Holding KGaA
10.1x5.18%€1.4b
HBM HORNBACH Baumarkt
18.5xn/a€2.1b
JN4 Map Aktif Adiperkasa
14.5x19.95%€20.5t

Price-To-Earnings vs Peers: JN4 is expensive based on its Price-To-Earnings Ratio (14.5x) compared to the peer average (12.3x).

Price to Earnings Ratio vs Industry

How does JN4's PE Ratio compare vs other companies in the European Specialty Retail Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
JN4 14.5xIndustry Avg. 18.4xNo. of Companies17PE01224364860+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: JN4 is good value based on its Price-To-Earnings Ratio (14.5x) compared to the European Specialty Retail industry average (18.5x).

Price to Earnings Ratio vs Fair Ratio

What is JN4's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

JN4 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate JN4's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst JN4 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.025
€0.049
+97.89%
9.02%€0.057€0.041n/a8
Nov ’26€0.024
€0.048
+100.52%
11.46%€0.057€0.04n/a8
Oct ’26€0.017
€0.048
+193.45%
11.46%€0.058€0.04n/a8
Sep ’26€0.021
€0.05
+144.93%
9.91%€0.058€0.041n/a8
Aug ’26€0.024
€0.052
+116.32%
8.21%€0.061€0.046n/a8
Jul ’26€0.025
€0.054
+120.55%
11.60%€0.066€0.046n/a8
Jun ’26€0.026
€0.056
+115.40%
11.59%€0.068€0.047n/a7
May ’26€0.001
€0.063
+6,236.50%
10.31%€0.074€0.052n/a7
Apr ’26€0.001
€0.068
+6,698.20%
10.31%€0.08€0.056n/a7
Mar ’26€0.0056
€0.073
+1,205.80%
7.72%€0.084€0.068n/a7
Feb ’26€0.018
€0.073
+315.48%
7.72%€0.084€0.068n/a7
Jan ’26€0.02
€0.073
+266.30%
7.72%€0.084€0.068n/a7
Dec ’25€0.024
€0.074
+209.78%
7.72%€0.085€0.069€0.0267
Nov ’25n/a
€0.062
0%
8.53%€0.067€0.053€0.0247
Oct ’25n/a
€0.061
0%
8.52%€0.067€0.052€0.0176
Sep ’25n/a
€0.06
0%
8.07%€0.067€0.053€0.0215
Aug ’25n/a
€0.06
0%
4.74%€0.062€0.057€0.0245
Jul ’25n/a
€0.063
0%
10.68%€0.075€0.057€0.0255
Jun ’25n/a
€0.066
0%
9.23%€0.076€0.057€0.0266
May ’25n/a
€0.071
0%
8.06%€0.079€0.062€0.0016
Apr ’25n/a
€0.071
0%
8.96%€0.08€0.063€0.0016
Mar ’25n/a
€0.071
0%
8.96%€0.08€0.063€0.00566
Feb ’25n/a
€0.064
0%
2.39%€0.067€0.062€0.0185
Jan ’25n/a
€0.064
0%
5.74%€0.068€0.057€0.025
Dec ’24n/a
€0.065
0%
6.41%€0.07€0.058€0.0244
€0.033
Fair Value
24.7% undervalued intrinsic discount
8
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/03 07:06
End of Day Share Price 2025/12/03 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

PT Map Aktif Adiperkasa Tbk is covered by 14 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Paul Robert DewberryBofA Global Research
Baruna ArkasatyoCGS International
Jennifer WidjajaCLSA