Mandiri Herindo Adiperkasa Valuation

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

MAHA (IDR179) is trading above our estimate of [[fair value]] (IDR15.98)

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: MAHA (IDR179) is trading above our estimate of fair value (IDR15.98)

Significantly Below Fair Value: MAHA is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MAHA. This is calculated by dividing MAHA's market cap by their current earnings.
What is MAHA's PE Ratio?
PE Ratio	8.2x
Earnings	Rp365.70b
Market Cap	Rp2.98t

MAHA 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	1.2x
Enterprise Value/EBITDA	5.8x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MAHA 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	16.3x
KKGI Resource Alam Indonesia	4.3x	n/a	Rp2.6t
SMMT Golden Eagle Energy	21.1x	n/a	Rp2.3t
MYOH Samindo Resources	7.9x	n/a	Rp3.2t
UNIQ Ulima Nitra	31.8x	n/a	Rp2.1t
MAHA Mandiri Herindo Adiperkasa	8.2x	n/a	Rp3.0t

Price-To-Earnings vs Peers: MAHA is good value based on its Price-To-Earnings Ratio (8.2x) compared to the peer average (16.3x).

Price to Earnings Ratio vs Industry

How does MAHA's PE Ratio compare vs other companies in the ID Oil and Gas Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap
CNKO Exploitasi Energi Indonesia	1.4x	n/a	US$3.39m

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: MAHA is expensive based on its Price-To-Earnings Ratio (8.2x) compared to the ID Oil and Gas industry average (7.7x).

Price to Earnings Ratio vs Fair Ratio

What is MAHA'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.

MAHA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	8.2x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MAHA'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.

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