PT Multi Bintang Indonesia Tbk

IDX:MLBI Stock Report

Market Cap: Rp12.4t

Multi Bintang Indonesia Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Discounted Cash Flow
Simply Wall St
Rp11.50k
Fair Value
48.7% undervalued intrinsic discount
1
Number of Analysts

Below Fair Value: MLBI (IDR5900) is trading below our estimate of fair value (IDR11499.53)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MLBI. This is calculated by dividing MLBI's market cap by their current earnings.
What is MLBI's PE Ratio?
PE Ratio10.9x
EarningsRp1.14t
Market CapRp12.43t

Price to Earnings Ratio vs Peers

How does MLBI's PE Ratio compare to its 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.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.8x
DLTA Delta Djakarta
12.2xn/aRp1.8t
CLEO Sariguna Primatirta
38.6x31.5%Rp17.2t
GOOD Garudafood Putra Putri Jaya
20xn/aRp14.5t
DSNG Dharma Satya Nusantara
8.2x11.8%Rp9.8t
MLBI Multi Bintang Indonesia
10.9x5.9%Rp12.4t

Price-To-Earnings vs Peers: MLBI is good value based on its Price-To-Earnings Ratio (10.9x) compared to the peer average (19.8x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MLBI 10.9xIndustry Avg. 17.0xNo. of Companies22PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MLBI is good value based on its Price-To-Earnings Ratio (10.9x) compared to the Asian Beverage industry average (17x).

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 Ratio10.9x
Fair PE Ratio8.6x

Price-To-Earnings vs Fair Ratio: MLBI is expensive based on its Price-To-Earnings Ratio (10.9x) compared to the estimated Fair Price-To-Earnings Ratio (8.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Price Target
Consensus Narrative from 1 Analyst
Rp11.25k
Fair Value
47.6% undervalued intrinsic discount
1
Number of Analysts

Analyst Forecast: Insufficient data to show price forecast.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/06 18:21
End of Day Share Price 2025/02/06 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

PT Multi Bintang Indonesia Tbk is covered by 3 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tushar MohataNomura Securities Co. Ltd.
Heng Siong KongNomura Securities Co. Ltd.
Riyanto HartantoPT Mandiri Sekuritas