Mulia Boga Raya Valuation

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

Below Fair Value: KEJU (IDR1665) is trading above our estimate of fair value (IDR533.28)

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


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for KEJU. This is calculated by dividing KEJU's market cap by their current earnings.
What is KEJU's PE Ratio?
PE Ratio17.5x
EarningsRp142.93b
Market CapRp2.50t

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for KEJU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average71x
CPRO Central Proteina Prima
7xn/aRp3.0t
PGUN Pradiksi Gunatama
135.2xn/aRp2.4t
CBUT Citra Borneo Utama
68.2xn/aRp3.4t
NEST Esta Indonesia
73.6xn/aRp1.8t
KEJU Mulia Boga Raya
17.5x4.6%Rp2.5t

Price-To-Earnings vs Peers: KEJU is good value based on its Price-To-Earnings Ratio (17.5x) compared to the peer average (71x).


Price to Earnings Ratio vs Industry

How does KEJU's PE Ratio compare vs other companies in the ID Food Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
UNSP Bakrie Sumatera Plantations
0.2xn/aUS$20.32m
PSDN Prasidha Aneka Niaga
1xn/aUS$7.62m
No more companies available in this PE range
KEJU 17.5xIndustry Avg. 16.1xNo. of Companies11PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: KEJU is expensive based on its Price-To-Earnings Ratio (17.5x) compared to the ID Food industry average (16.4x).


Price to Earnings Ratio vs Fair Ratio

What is KEJU'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.

KEJU PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.5x
Fair PE Ratio9.6x

Price-To-Earnings vs Fair Ratio: KEJU is expensive based on its Price-To-Earnings Ratio (17.5x) compared to the estimated Fair Price-To-Earnings Ratio (9.6x).


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 KEJU forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRp1,665.00
Rp2,075.00
+24.6%
15.7%Rp2,400.00Rp1,750.00n/a2
Nov ’25Rp1,710.00
Rp1,775.00
+3.8%
1.4%Rp1,800.00Rp1,750.00n/a2
Oct ’25Rp1,640.00
Rp1,775.00
+8.2%
1.4%Rp1,800.00Rp1,750.00n/a2

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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