Meta Epsi Valuation

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

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: MTPS (IDR13) is trading below our estimate of fair value (IDR76.85)

Significantly Below Fair Value: MTPS is trading below fair value by more than 20%.

Key Valuation Metric

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

Key metric: As MTPS is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for MTPS. This is calculated by dividing MTPS's market cap by their current revenue.
What is MTPS's PS Ratio?
PS Ratio	12.4x
Sales	Rp2.18b
Market Cap	Rp27.10b

MTPS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	33x
Enterprise Value/EBITDA	-6.6x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does MTPS's PS Ratio compare to its peers?

The above table shows the PS ratio for MTPS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	6.6x
PTDU Djasa Ubersakti	0.5x	n/a	Rp25.5b
TARA Agung Semesta Sejahtera	25.1x	n/a	Rp110.8b
TOPS Totalindo Eka Persada	0.2x	n/a	Rp33.3b
TAMA Lancartama Sejati	0.7x	n/a	Rp16.8b
MTPS Meta Epsi	12.4x	n/a	Rp27.1b

Price-To-Sales vs Peers: MTPS is expensive based on its Price-To-Sales Ratio (12.4x) compared to the peer average (6.6x).

Price to Sales Ratio vs Industry

How does MTPS's PS Ratio compare vs other companies in the ID Construction Industry?

14 Companies	Price / Sales	Estimated Growth	Market Cap
WIKA Wijaya Karya (Persero)	0.6x	n/a	US$788.75m
WSKT Waskita Karya (Persero)	0.4x	14.8%	US$383.23m
PTPP PP (Persero)	0.1x	8.0%	US$154.31m
BUKK Bukaka Teknik Utama	0.5x	n/a	US$153.04m

14 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: MTPS is expensive based on its Price-To-Sales Ratio (12.4x) compared to the ID Construction industry average (1.1x).

Price to Sales Ratio vs Fair Ratio

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

MTPS PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	12.4x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate MTPS's Price-To-Sales 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?

Analyst Forecast: Insufficient data to show price forecast.

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