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MGRO

Mahkota Group IDX:MGRO Stock Report

Last Price

Rp835.00

Market Cap

Rp2.9t

7D

-1.2%

1Y

12.8%

Updated

01 Oct, 2022

Data

Company Financials
MGRO fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance1/6
Financial Health2/6
Dividends1/6

MGRO Stock Overview

PT Mahkota Group Tbk engages in the palm oil processing and its derivatives businesses in Indonesia.

Mahkota Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Mahkota Group
Historical stock prices
Current Share PriceRp835.00
52 Week HighRp940.00
52 Week LowRp700.00
Beta0.17
1 Month Change-2.91%
3 Month Change-6.70%
1 Year Change12.84%
3 Year Change-2.91%
5 Year Changen/a
Change since IPO147.04%

Recent News & Updates

Shareholder Returns

MGROID FoodID Market
7D-1.2%-2.2%-2.0%
1Y12.8%-3.5%11.0%

Return vs Industry: MGRO exceeded the ID Food industry which returned -3.5% over the past year.

Return vs Market: MGRO exceeded the ID Market which returned 11% over the past year.

Price Volatility

Is MGRO's price volatile compared to industry and market?
MGRO volatility
MGRO Average Weekly Movement2.2%
Food Industry Average Movement4.4%
Market Average Movement5.4%
10% most volatile stocks in ID Market11.6%
10% least volatile stocks in ID Market2.7%

Stable Share Price: MGRO is less volatile than 75% of ID stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: MGRO's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2011889Usli Sarsihttps://www.mahkotagroup.com

PT Mahkota Group Tbk engages in the palm oil processing and its derivatives businesses in Indonesia. It operates through two segments, Palm Oil and Logistics. The company produces palm kernel, crude palm oil (CPO), refined bleached deodorized palm oil, fatty acid distilated, and palm kernel oil and expeller products.

Mahkota Group Fundamentals Summary

How do Mahkota Group's earnings and revenue compare to its market cap?
MGRO fundamental statistics
Market CapRp2.94t
Earnings (TTM)Rp74.85b
Revenue (TTM)Rp8.84t

39.3x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MGRO income statement (TTM)
RevenueRp8.84t
Cost of RevenueRp7.89t
Gross ProfitRp942.15b
Other ExpensesRp867.30b
EarningsRp74.85b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)21.23
Gross Margin10.66%
Net Profit Margin0.85%
Debt/Equity Ratio232.2%

How did MGRO perform over the long term?

See historical performance and comparison

Dividends

0.8%

Current Dividend Yield

33%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

MGRO 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/Revenue0.5x
Enterprise Value/EBITDA14.6x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

MGRO PE Ratio vs Peers
The above table shows the PE ratio for MGRO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average20.6x
PGUN Pradiksi Gunatama
62.1xn/aRp3.1t
CEKA Wilmar Cahaya Indonesia
4.5xn/aRp1.3t
CPRO Central Proteina Prima
1.5xn/aRp3.5t
KEJU Mulia Boga Raya
14.1xn/aRp2.2t
MGRO Mahkota Group
39.3xn/aRp2.9t

Price-To-Earnings vs Peers: MGRO is expensive based on its Price-To-Earnings Ratio (39.3x) compared to the peer average (20.6x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: MGRO is expensive based on its Price-To-Earnings Ratio (39.3x) compared to the ID Food industry average (14.1x)


Price to Earnings Ratio vs Fair Ratio

What is MGRO'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.

MGRO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio39.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MGRO's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: MGRO (IDR835) is trading above our estimate of fair value (IDR88.25)

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


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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Future Growth

How is Mahkota Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


15.7%

Forecasted Food, Beverage & Tobacco 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 Mahkota Group 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.


Discover growth companies

  • Take a look at our analysis of MGRO’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.

Past Performance

How has Mahkota Group performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-4.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MGRO has a high level of non-cash earnings.

Growing Profit Margin: MGRO became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: MGRO's earnings have declined by 4.6% per year over the past 5 years.

Accelerating Growth: MGRO has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MGRO has become profitable in the last year, making it difficult to compare its past year earnings growth to the Food industry (49.2%).


Return on Equity

High ROE: MGRO's Return on Equity (11.8%) is considered low.


Discover strong past performing companies

Financial Health

How is Mahkota Group's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MGRO's short term assets (IDR1,508.1B) exceed its short term liabilities (IDR1,242.9B).

Long Term Liabilities: MGRO's short term assets (IDR1,508.1B) exceed its long term liabilities (IDR569.8B).


Debt to Equity History and Analysis

Debt Level: MGRO's net debt to equity ratio (190.5%) is considered high.

Reducing Debt: MGRO's debt to equity ratio has increased from 118.5% to 232.2% over the past 5 years.

Debt Coverage: MGRO's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: MGRO's interest payments on its debt are not well covered by EBIT (2.8x coverage).


Balance Sheet


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Dividend

What is Mahkota Group current dividend yield, its reliability and sustainability?

Dividend Score

1/6

Dividend Score 1/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.84%

Current Dividend Yield

Dividend Yield vs Market

Mahkota Group Dividend Yield vs Market
How does Mahkota Group dividend yield compare to the market?
SegmentDividend Yield
Company (Mahkota Group)0.8%
Market Bottom 25% (ID)1.1%
Market Top 25% (ID)4.9%
Industry Average (Food)3.8%
Analyst forecast in 3 Years (Mahkota Group)n/a

Notable Dividend: MGRO's dividend (0.84%) isn’t notable compared to the bottom 25% of dividend payers in the ID market (1.13%).

High Dividend: MGRO's dividend (0.84%) is low compared to the top 25% of dividend payers in the ID market (4.86%).


Stability and Growth of Payments

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

Growing Dividend: MGRO's dividend payments have increased, but the company has only paid a dividend for 4 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (33%), MGRO's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: MGRO is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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

4.5yrs

Average management tenure


CEO

Usli Sarsi (51 yo)

4.5yrs

Tenure

Mr. Usli Sarsi has been the President Director of PT Mahkota Group Tbk since March 7, 2018 and is its Director of Finance & Accounting. Mr. Sarsi Started career as Director in 1992-2002 at PT. Hiatie Putra...


Leadership Team

Experienced Management: MGRO's management team is considered experienced (4.5 years average tenure).


Board Members

Experienced Board: MGRO's board of directors are considered experienced (4.5 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

What is the ownership structure of MGRO?
Owner TypeNumber of SharesOwnership Percentage
Institutions3,584,5720.1%
Individual Insiders31,388,8000.9%
General Public688,826,32819.5%
Private Companies2,801,490,10079.5%

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


Top Shareholders

Top 10 shareholders own 80.46% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
56.49%
Pt Mahkota Global Investama
1,991,490,100IDR1.7t0%no data
22.98%
Mgi International Holdings Ltd
810,000,000IDR676.4b0%no data
0.21%
- Mily
7,245,400IDR6.0b0%no data
0.2%
- Lily
7,166,500IDR6.0b0%no data
0.2%
Usman Sarsi
6,985,400IDR5.8b0%no data
0.12%
Usli Sarsi
4,403,300IDR3.7b0%no data
0.12%
Fuad Halimoen
4,088,200IDR3.4b0%no data
0.077%
Dimensional Fund Advisors LP
2,707,472IDR2.3b0.37%no data
0.043%
Nagian Toni
1,500,000IDR1.3b0%no data
0.025%
Acadian Asset Management LLC
877,100IDR732.4m0%no data

Company Information

PT Mahkota Group Tbk's employee growth, exchange listings and data sources


Key Information

  • Name: PT Mahkota Group Tbk
  • Ticker: MGRO
  • Exchange: IDX
  • Founded: 2011
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: Rp2.944t
  • Shares outstanding: 3.53b
  • Website: https://www.mahkotagroup.com

Number of Employees


Location

  • PT Mahkota Group Tbk
  • Grand Jati Junction Complex Lt.27
  • Jalan Perintis Kemerdekaan No.3-A
  • Medan
  • Sumtera Utara
  • 20231
  • Indonesia


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MGROIDX (Indonesia Stock Exchange)YesOrdinary SharesIDIDRJul 2018

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/01 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.