IDX:MIDI

Stock Analysis Report

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Executive Summary

PT Midi Utama Indonesia Tbk engages in the retail of consumer products in Indonesia.


Snowflake Analysis

Proven track record with mediocre balance sheet.

Share Price & News

How has Midi Utama Indonesia's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MIDI has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

MIDI

-1.8%

ID Consumer Retailing

4.1%

ID Market


1 Year Return

n/a

MIDI

-1.4%

ID Consumer Retailing

-21.1%

ID Market

Return vs Industry: Insufficient data to determine how MIDI performed against the ID Consumer Retailing industry.

Return vs Market: Insufficient data to determine how MIDI performed against the ID Market.


Shareholder returns

MIDIIndustryMarket
7 Day0%-1.8%4.1%
30 Day2.5%2.0%7.3%
90 Day16.7%13.3%-11.2%
1 Yearn/a0.2%-1.4%-19.2%-21.1%
3 Year63.9%57.7%34.1%30.5%-8.6%-15.2%
5 Year94.7%79.4%-14.8%-18.3%11.9%-0.4%

Price Volatility Vs. Market

How volatile is Midi Utama Indonesia's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Midi Utama Indonesia undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MIDI (IDR1435) is trading below our estimate of fair value (IDR6833.75)

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


Price To Earnings Ratio

PE vs Industry: MIDI is poor value based on its PE Ratio (20.4x) compared to the Consumer Retailing industry average (12.6x).

PE vs Market: MIDI is poor value based on its PE Ratio (20.4x) compared to the ID market (14.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MIDI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MIDI is overvalued based on its PB Ratio (3.4x) compared to the ID Consumer Retailing industry average (1.4x).


Next Steps

Future Growth

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

13.6%

Forecasted Consumer Retailing industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Midi Utama Indonesia has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

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

3.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MIDI has high quality earnings.

Growing Profit Margin: MIDI's current net profit margins (1.7%) are higher than last year (1.5%).


Past Earnings Growth Analysis

Earnings Trend: MIDI's earnings have grown by 3.8% per year over the past 5 years.

Accelerating Growth: MIDI's earnings growth over the past year (27.6%) exceeds its 5-year average (3.8% per year).

Earnings vs Industry: MIDI earnings growth over the past year (27.6%) underperformed the Consumer Retailing industry 38%.


Return on Equity

High ROE: MIDI's Return on Equity (16.6%) is considered low.


Next Steps

Financial Health

How is Midi Utama Indonesia's financial position?


Financial Position Analysis

Short Term Liabilities: MIDI's short term assets (IDR2,255.4B) do not cover its short term liabilities (IDR2,898.5B).

Long Term Liabilities: MIDI's short term assets (IDR2,255.4B) exceed its long term liabilities (IDR870.8B).


Debt to Equity History and Analysis

Debt Level: MIDI's debt to equity ratio (156.4%) is considered high.

Reducing Debt: MIDI's debt to equity ratio has reduced from 158.2% to 156.4% over the past 5 years.

Debt Coverage: MIDI's debt is well covered by operating cash flow (65.8%).

Interest Coverage: MIDI's interest payments on its debt are not well covered by EBIT (2.5x coverage).


Balance Sheet


Next Steps

Dividend

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

1.16%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MIDI's dividend (1.16%) isn’t notable compared to the bottom 25% of dividend payers in the ID market (1.64%).

High Dividend: MIDI's dividend (1.16%) is low compared to the top 25% of dividend payers in the ID market (6.91%).


Stability and Growth of Payments

Stable Dividend: MIDI has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: MIDI's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (23.6%), MIDI's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

9.3yrs

Average management tenure


CEO

- Rullyanto (46yo)

9.83yrs

Tenure

Mr. - Rullyanto has been the President Director and Director of PT Midi Utama Indonesia Tbk since 2010 and 2007 respectively. He started his career as Account Analyst in Equity LLC from 2000 to 2001, and w ...


Leadership Team

NamePositionTenureCompensationOwnership
- Rullyanto
President Director9.83yrsno data0.42% IDR17.6b
Suantopo Po
Finance Director9yrsno datano data
Yohanes Santoso
Operation Director8yrsno datano data
Rini Hestrinalia
General Manager of Marketingno datano datano data
Kristi Isla
General Manager of Human Capitalno datano datano data
Maria Theresia Yulianti
MD & Director7yrsno data0.23% IDR9.3b
Bintang Tiurma
Head of Internal Audit9.25yrsno datano data
- Solihin
Director of License3.42yrsno datano data
Alex Nurdiana
Financial Controllerno datano datano data

9.3yrs

Average Tenure

49yo

Average Age

Experienced Management: MIDI's management team is seasoned and experienced (9.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
- Rullyanto
President Director9.83yrsno data0.42% IDR17.6b
Suantopo Po
Finance Director9yrsno datano data
Maria Theresia Yulianti
MD & Director7yrsno data0.23% IDR9.3b
- Solihin
Director of License3.42yrsno datano data
Budiyanto Susanto
President Commissioner8yrsno datano data
Fernia Kristanto
Independent Commissioner5.08yrsno datano data
Harryanto Susanto
Director7yrsno datano data

7.0yrs

Average Tenure

46yo

Average Age

Experienced Board: MIDI's board of directors are considered experienced (7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

PT Midi Utama Indonesia Tbk's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PT Midi Utama Indonesia Tbk
  • Ticker: MIDI
  • Exchange: IDX
  • Founded: 2007
  • Industry: Food Retail
  • Sector: Consumer Retailing
  • Market Cap: Rp4.136t
  • Shares outstanding: 2.88b
  • Website: https://www.alfamidiku.com

Number of Employees


Location

  • PT Midi Utama Indonesia Tbk
  • Gedung Alfa Tower
  • Lantai 12, Kav. 7-9
  • Tangerang
  • Banten
  • 15143
  • Indonesia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MIDIIDX (Indonesia Stock Exchange)YesCommon SharesIDIDRNov 2010
8MUDB (Deutsche Boerse AG)YesCommon SharesDEEURNov 2010

Biography

PT Midi Utama Indonesia Tbk engages in the retail of consumer products in Indonesia. It offers grocery, fruits and vegetables, home and personal care products, toys, pre-paid vouchers, and stationary products through minimarket network under the Alfamidi name; convenience stores under the Lawson name; and supermarket network under the Alfamidi super name. The company also provides various services, including payment channels for motorcycle/car/electronic installments, PLN electricity billing, TV subscription, and insurance and online payment; cash withdrawal; tickets for train, airplane, bus, and concert; and balance reload. As of December 31, 2018, it operated 1,440 outlets, including 1,426 Alfamidi and 14 Alfamidi Super outlets; and 42 Lawson convenience store outlets. The company was formerly known as PT Midimart Utama. The company was founded in 2007 and is headquartered in Tangerang, Indonesia. PT Midi Utama Indonesia Tbk is a subsidiary of PT Sumber Alfaria Trijaya Tbk. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/06 17:15
End of Day Share Price2020/06/04 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.