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MLBI

Multi Bintang Indonesia IDX:MLBI Stock Report

Last Price

Rp9.98k

Market Cap

Rp21.0t

7D

3.1%

1Y

24.7%

Updated

28 Jun, 2022

Data

Company Financials +
MLBI fundamental analysis
Snowflake Score
Valuation3/6
Future Growth6/6
Past Performance5/6
Financial Health5/6
Dividends3/6

MLBI Stock Overview

PT Multi Bintang Indonesia Tbk produces and markets alcoholic and non-alcoholic beverages in Indonesia.

Multi Bintang Indonesia Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Multi Bintang Indonesia
Historical stock prices
Current Share PriceRp9,975.00
52 Week HighRp11,600.00
52 Week LowRp6,775.00
Beta0.29
1 Month Change1.79%
3 Month Change15.65%
1 Year Change24.69%
3 Year Change-50.56%
5 Year Change-17.73%
Change since IPO9,776.24%

Recent News & Updates

Shareholder Returns

MLBIID BeverageID Market
7D3.1%4.6%0.08%
1Y24.7%27.8%13.4%

Return vs Industry: MLBI underperformed the ID Beverage industry which returned 27.8% over the past year.

Return vs Market: MLBI exceeded the ID Market which returned 13.4% over the past year.

Price Volatility

Is MLBI's price volatile compared to industry and market?
MLBI volatility
MLBI Average Weekly Movement5.5%
Beverage Industry Average Movement5.5%
Market Average Movement6.3%
10% most volatile stocks in ID Market12.3%
10% least volatile stocks in ID Market3.1%

Stable Share Price: MLBI is not significantly more volatile than the rest of ID stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: MLBI's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1929407Rene Vallehttps://www.multibintang.co.id

PT Multi Bintang Indonesia Tbk produces and markets alcoholic and non-alcoholic beverages in Indonesia. The company offers beers, sodas, carbonated soft drinks, and ciders under the Heineken, Bintang, Bintang Radler, Strongbow, Bintang Zero, Bintang Crystal, Fayrouz, and Green Sands brands. It also exports its products.

Multi Bintang Indonesia Fundamentals Summary

How do Multi Bintang Indonesia's earnings and revenue compare to its market cap?
MLBI fundamental statistics
Market CapRp21.02t
Earnings (TTM)Rp665.68b
Revenue (TTM)Rp2.47t

31.6x

P/E Ratio

8.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MLBI income statement (TTM)
RevenueRp2.47t
Cost of RevenueRp1.11t
Gross ProfitRp1.36t
Other ExpensesRp696.02b
EarningsRp665.68b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)315.94
Gross Margin55.05%
Net Profit Margin26.91%
Debt/Equity Ratio36.4%

How did MLBI perform over the long term?

See historical performance and comparison

Dividends

4.8%

Current Dividend Yield

150%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

MLBI 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/Revenue8.4x
Enterprise Value/EBITDA17x
PEG Ratio1x

Price to Earnings Ratio vs Peers

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

MLBI PE Ratio vs Peers
The above table shows the PE ratio for MLBI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average20.9x
DLTA Delta Djakarta
15.9xn/aRp3.1t
GOOD Garudafood Putra Putri Jaya
48.1xn/aRp19.0t
AALI Astra Agro Lestari
9.4x7.7%Rp18.6t
JPFA Japfa Comfeed Indonesia
10.3x17.1%Rp18.1t
MLBI Multi Bintang Indonesia
31.6x32.6%Rp21.0t

Price-To-Earnings vs Peers: MLBI is expensive based on its Price-To-Earnings Ratio (31.6x) compared to the peer average (20.9x).


Price to Earnings Ratio vs Industry

How does MLBI's PE Ratio compare vs other companies in the Asian Beverage Industry?

Price-To-Earnings vs Industry: MLBI is expensive based on its Price-To-Earnings Ratio (31.6x) compared to the Asian Beverage industry average (26.1x)


Price to Earnings Ratio vs Fair Ratio

What is MLBI'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.

MLBI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio31.6x
Fair PE Ratio18.4x

Price-To-Earnings vs Fair Ratio: MLBI is expensive based on its Price-To-Earnings Ratio (31.6x) compared to the estimated Fair Price-To-Earnings Ratio (18.4x).


Share Price vs Fair Value

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

Below Fair Value: MLBI (IDR9975) is trading below our estimate of fair value (IDR16651.34)

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


Price to Earnings Growth Ratio

PEG Ratio: MLBI is good value based on its PEG Ratio (1x)


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Future Growth

How is Multi Bintang Indonesia forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

6/6

Future Growth Score 6/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


32.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MLBI's forecast earnings growth (32.6% per year) is above the savings rate (7%).

Earnings vs Market: MLBI's earnings (32.6% per year) are forecast to grow faster than the ID market (11.9% per year).

High Growth Earnings: MLBI's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MLBI's revenue (24.3% per year) is forecast to grow faster than the ID market (12.2% per year).

High Growth Revenue: MLBI's revenue (24.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MLBI's Return on Equity is forecast to be very high in 3 years time (91.1%).


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Past Performance

How has Multi Bintang Indonesia performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-16.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MLBI has high quality earnings.

Growing Profit Margin: MLBI's current net profit margins (26.9%) are higher than last year (14.4%).


Past Earnings Growth Analysis

Earnings Trend: MLBI's earnings have declined by 16.6% per year over the past 5 years.

Accelerating Growth: MLBI's earnings growth over the past year (133%) exceeds its 5-year average (-16.6% per year).

Earnings vs Industry: MLBI earnings growth over the past year (133%) exceeded the Beverage industry 16.6%.


Return on Equity

High ROE: MLBI's Return on Equity (60.6%) is considered outstanding.


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Financial Health

How is Multi Bintang Indonesia's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MLBI's short term assets (IDR1,241.1B) do not cover its short term liabilities (IDR1,682.7B).

Long Term Liabilities: MLBI's short term assets (IDR1,241.1B) exceed its long term liabilities (IDR140.2B).


Debt to Equity History and Analysis

Debt Level: MLBI has more cash than its total debt.

Reducing Debt: MLBI's debt to equity ratio has reduced from 48.5% to 36.4% over the past 5 years.

Debt Coverage: MLBI's debt is well covered by operating cash flow (292%).

Interest Coverage: MLBI's interest payments on its debt are well covered by EBIT (111.3x coverage).


Balance Sheet


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Dividend

What is Multi Bintang Indonesia current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


4.76%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: MLBI's dividend (4.76%) is higher than the bottom 25% of dividend payers in the ID market (1.15%).

High Dividend: MLBI's dividend (4.76%) is in the top 25% of dividend payers in the ID market (4.46%)


Stability and Growth of Payments

Stable Dividend: MLBI's dividend payments have been volatile in the past 10 years.

Growing Dividend: MLBI's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (150.3%), MLBI's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (109.3%), MLBI's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

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

1.8yrs

Average management tenure


CEO

Rene Valle (46 yo)

1.83yrs

Tenure

Mr. Rene Sanchez Valle serves as President Director of PT Multi Bintang Indonesia Tbk since August 28, 2020. Since joining HEINEKEN in 2010, he has held various senior positions within the Group including...


Leadership Team

Experienced Management: MLBI's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: MLBI's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


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 Multi Bintang Indonesia Tbk's employee growth, exchange listings and data sources


Key Information

  • Name: PT Multi Bintang Indonesia Tbk
  • Ticker: MLBI
  • Exchange: IDX
  • Founded: 1929
  • Industry: Brewers
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: Rp21.017t
  • Shares outstanding: 2.11b
  • Website: https://www.multibintang.co.id

Number of Employees


Location

  • PT Multi Bintang Indonesia Tbk
  • Talavera Office Park
  • 20th Floor
  • Jakarta
  • Jakarta Raya
  • 12430
  • Indonesia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/28 00:00
End of Day Share Price2022/06/28 00:00
Earnings2021/12/31
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.