Multifiling Mitra Indonesia Valuation

Is MFMI 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 MFMI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MFMI (IDR1250) is trading below our estimate of fair value (IDR60492.98)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MFMI. This is calculated by dividing MFMI's market cap by their current earnings.
What is MFMI's PE Ratio?
PE Ratio	27.5x
Earnings	Rp34.48b
Market Cap	Rp946.98b

MFMI 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	5.7x
Enterprise Value/EBITDA	18x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MFMI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	32.2x
SOSS Shield On Service	63.3x	n/a	Rp603.6b
VAST Vastland Indonesia	2.2x	n/a	Rp223.1b
NAIK Adiwarna Anugerah Abadi	56.2x	n/a	Rp721.5b
ASGR Astra Graphia	7x	n/a	Rp1.2t
MFMI Multifiling Mitra Indonesia	27.5x	n/a	Rp947.0b

Price-To-Earnings vs Peers: MFMI is good value based on its Price-To-Earnings Ratio (27.5x) compared to the peer average (32.2x).

Price to Earnings Ratio vs Industry

How does MFMI's PE Ratio compare vs other companies in the Asian Commercial Services Industry?

17 Companies	Price / Earnings	Estimated Growth	Market Cap

17 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: MFMI is expensive based on its Price-To-Earnings Ratio (27.5x) compared to the Asian Commercial Services industry average (16.7x).

Price to Earnings Ratio vs Fair Ratio

What is MFMI'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.

MFMI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	27.5x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MFMI'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?

Analyst Forecast: Insufficient data to show price forecast.