Multi Indocitra Valuation

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

Below Fair Value: MICE (IDR525) is trading below our estimate of fair value (IDR1050.84)

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


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MICE. This is calculated by dividing MICE's market cap by their current earnings.
What is MICE's PE Ratio?
PE Ratio8.1x
EarningsRp38.19b
Market CapRp310.75b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MICE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.2x
KONI Perdana Bangun Pusaka
29.3xn/aRp499.2b
BIKE Sepeda Bersama Indonesia
42xn/aRp666.3b
LIVE Homeco Victoria Makmur
23.3xn/aRp904.8b
MGLV Panca Anugrah Wisesa
6.4xn/aRp135.2b
MICE Multi Indocitra
8.1xn/aRp310.7b

Price-To-Earnings vs Peers: MICE is good value based on its Price-To-Earnings Ratio (8.1x) compared to the peer average (24.3x).


Price to Earnings Ratio vs Industry

How does MICE's PE Ratio compare vs other companies in the Asian Retail Distributors Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MICE 8.1xIndustry Avg. 18.6xNo. of Companies26PE01632486480+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MICE is good value based on its Price-To-Earnings Ratio (8.1x) compared to the Asian Retail Distributors industry average (18.6x).


Price to Earnings Ratio vs Fair Ratio

What is MICE'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.

MICE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.1x
Fair PE Ration/a

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