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Mitra Adiperkasa

OTCPK:PMDK.Y
Snowflake Description

Solid track record with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PMDK.Y
OTCPK
IDR18,439B
Market Cap
  1. Home
  2. US
  3. Retail
Company description

PT. Mitra Adiperkasa Tbk engages in the retail trading of clothing, shoes, toys, accessories, bags, and sports equipment. The last earnings update was 138 days ago. More info.


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PMDK.Y Share Price and Events
7 Day Returns
-
OTCPK:PMDK.Y
-1%
US Multiline Retail
2.9%
US Market
1 Year Returns
-
OTCPK:PMDK.Y
5.8%
US Multiline Retail
1.4%
US Market
PMDK.Y Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mitra Adiperkasa (PMDK.Y) - - - - - 26.5%
US Multiline Retail -1% 0.8% 9.6% 5.8% 2.2% 18.3%
US Market 2.9% 2.5% 10% 1.4% 38.3% 42%
1 Year Return vs Industry and Market
  • No trading data on PMDK.Y.
  • No trading data on PMDK.Y.
Price Volatility
PMDK.Y
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Mitra Adiperkasa undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Mitra Adiperkasa to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Mitra Adiperkasa.

OTCPK:PMDK.Y Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 12 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:PMDK.Y
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Multiline Retail Unlevered Beta Simply Wall St/ S&P Global 0.54
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.539 (1 + (1- 25%) (15.85%))
0.734
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for OTCPK:PMDK.Y using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Mitra Adiperkasa is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:PMDK.Y DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (IDR, Millions) Source Present Value
Discounted (@ 7.5%)
2019 492,166.67 Analyst x6 457,837.98
2020 600,333.33 Analyst x3 519,507.34
2021 612,956.13 Est @ 2.1% 493,433.06
2022 626,997.99 Est @ 2.29% 469,531.37
2023 642,187.58 Est @ 2.42% 447,362.92
2024 658,337.40 Est @ 2.51% 426,624.92
2025 675,318.35 Est @ 2.58% 407,104.46
2026 693,042.47 Est @ 2.62% 388,648.30
2027 711,451.00 Est @ 2.66% 371,143.22
2028 730,506.03 Est @ 2.68% 354,503.04
Present value of next 10 years cash flows IDR4,335,696.60
OTCPK:PMDK.Y DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= IDR730,506.03 × (1 + 2.73%) ÷ (7.5% – 2.73%)
IDR15,739,279.46
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= IDR15,739,279.46 ÷ (1 + 7.5%)10
IDR7,638,023.74
OTCPK:PMDK.Y Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= IDR4,335,696.60 + IDR7,638,023.74
IDR11,973,720.34
Equity Value per Share
(IDR)
= Total value / Shares Outstanding
= IDR11,973,720.34 / 16,536.92
IDR9.44
OTCPK:PMDK.Y Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:PMDK.Y represents 0.01303x of IDX:MAPI
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.01303x
Value per Share
(Listing Adjusted, USD)
= Value per Share (IDR) x Listing Adjustment Factor
= IDR 724.06 x 0.01303
$9.44
Value per share (USD) From above. $9.44
Current discount Discount to share price of $14.53
= -1 x ($14.53 - $9.44) / $9.44
-54%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Mitra Adiperkasa is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Mitra Adiperkasa's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mitra Adiperkasa's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:PMDK.Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in IDR IDR38.93
IDX:MAPI Share Price ** IDX (2019-03-14) in IDR IDR1115
United States of America Multiline Retail Industry PE Ratio Median Figure of 8 Publicly-Listed Multiline Retail Companies 13.4x
United States of America Market PE Ratio Median Figure of 3,054 Publicly-Listed Companies 17.61x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Mitra Adiperkasa.

OTCPK:PMDK.Y PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= IDX:MAPI Share Price ÷ EPS (both in IDR)

= 1115 ÷ 38.93

28.64x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mitra Adiperkasa is overvalued based on earnings compared to the US Multiline Retail industry average.
  • Mitra Adiperkasa is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Mitra Adiperkasa's expected growth come at a high price?
Raw Data
OTCPK:PMDK.Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 28.64x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
17.1%per year
United States of America Multiline Retail Industry PEG Ratio Median Figure of 8 Publicly-Listed Multiline Retail Companies 1.7x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

OTCPK:PMDK.Y PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 28.64x ÷ 17.1%

1.68x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mitra Adiperkasa is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Mitra Adiperkasa's assets?
Raw Data
OTCPK:PMDK.Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in IDR IDR313.34
IDX:MAPI Share Price * IDX (2019-03-14) in IDR IDR1115
United States of America Multiline Retail Industry PB Ratio Median Figure of 12 Publicly-Listed Multiline Retail Companies 2.01x
United States of America Market PB Ratio Median Figure of 5,152 Publicly-Listed Companies 1.87x
OTCPK:PMDK.Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= IDX:MAPI Share Price ÷ Book Value per Share (both in IDR)

= 1115 ÷ 313.34

3.56x

* Primary Listing of Mitra Adiperkasa.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mitra Adiperkasa is overvalued based on assets compared to the US Multiline Retail industry average.
X
Value checks
We assess Mitra Adiperkasa's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Multiline Retail industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Multiline Retail industry average (and greater than 0)? (1 check)
  5. Mitra Adiperkasa has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Mitra Adiperkasa expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
17.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mitra Adiperkasa expected to grow at an attractive rate?
  • Mitra Adiperkasa's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Mitra Adiperkasa's earnings growth is expected to exceed the United States of America market average.
  • Mitra Adiperkasa's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:PMDK.Y Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:PMDK.Y Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 17.1%
OTCPK:PMDK.Y Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 13.9%
United States of America Multiline Retail Industry Earnings Growth Rate Market Cap Weighted Average 12%
United States of America Multiline Retail Industry Revenue Growth Rate Market Cap Weighted Average 3.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:PMDK.Y Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in IDR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:PMDK.Y Future Estimates Data
Date (Data in IDR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 25,008,503 1,352,525 997,135 10
2019-12-31 21,661,729 1,134,122 834,186 12
2018-12-31 19,125,496 1,082,500 728,680 11
OTCPK:PMDK.Y Past Financials Data
Date (Data in IDR Millions) Revenue Cash Flow Net Income *
2018-09-30 18,449,580 1,635,497 643,827
2018-06-30 17,697,665 1,512,765 650,532
2018-03-31 17,005,207 1,519,595 627,228
2017-12-31 16,305,733 1,360,142 334,651
2017-09-30 15,543,423 1,297,119 336,676
2017-06-30 15,202,289 1,931,255 337,196
2017-03-31 14,599,499 1,322,820 251,731
2016-12-31 14,149,615 1,228,390 208,476
2016-09-30 13,721,748 796,475 130,262
2016-06-30 13,391,104 608,235 50,286
2016-03-31 13,035,071 330,716 40,414
2015-12-31 12,832,798 255,097 37,334

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Mitra Adiperkasa's earnings are expected to grow by 17.1% yearly, however this is not considered high growth (20% yearly).
  • Mitra Adiperkasa's revenue is expected to grow by 13.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:PMDK.Y Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from Mitra Adiperkasa Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:PMDK.Y Future Estimates Data
Date (Data in IDR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 61.25 73.46 54.81 7.00
2019-12-31 51.05 67.01 35.87 9.00
2018-12-31 44.38 55.94 39.61 8.00
OTCPK:PMDK.Y Past Financials Data
Date (Data in IDR Millions) EPS *
2018-09-30 38.93
2018-06-30 39.34
2018-03-31 37.93
2017-12-31 20.24
2017-09-30 20.36
2017-06-30 20.39
2017-03-31 15.22
2016-12-31 12.61
2016-09-30 7.90
2016-06-30 3.05
2016-03-31 2.45
2015-12-31 2.26

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Mitra Adiperkasa is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Mitra Adiperkasa's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Mitra Adiperkasa has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Mitra Adiperkasa performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Mitra Adiperkasa's growth in the last year to its industry (Multiline Retail).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Mitra Adiperkasa has delivered over 20% year on year earnings growth in the past 5 years.
  • Mitra Adiperkasa's 1-year earnings growth exceeds its 5-year average (91.2% vs 25%)
  • Mitra Adiperkasa's earnings growth has exceeded the US Multiline Retail industry average in the past year (91.2% vs -2.8%).
Earnings and Revenue History
Mitra Adiperkasa's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Mitra Adiperkasa Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:PMDK.Y Past Revenue, Cash Flow and Net Income Data
Date (Data in IDR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 18,449,579.66 643,827.31 7,134,496.92
2018-06-30 17,697,664.66 650,532.31 6,970,451.92
2018-03-31 17,005,206.66 627,228.31 6,838,355.92
2017-12-31 16,305,732.66 334,651.31 6,652,328.92
2017-09-30 15,543,423.42 336,675.80 6,459,429.00
2017-06-30 15,202,289.42 337,195.80 6,303,212.00
2017-03-31 14,599,499.42 251,730.80 6,104,089.00
2016-12-31 14,149,615.42 208,475.80 5,901,787.00
2016-09-30 13,721,748.44 130,261.92 5,878,030.88
2016-06-30 13,391,104.44 50,285.92 5,724,742.88
2016-03-31 13,035,071.44 40,413.92 5,573,696.88
2015-12-31 12,832,798.44 37,333.92 5,425,040.88
2015-09-30 12,559,087.51 -9,676.99 5,156,748.80
2015-06-30 12,422,243.51 8,771.01 5,087,278.80
2015-03-31 12,111,990.51 44,188.01 4,980,405.80
2014-12-31 11,822,106.51 79,061.01 4,881,101.80
2014-09-30 11,479,800.59 216,367.29 4,740,579.42
2014-06-30 10,856,109.59 285,705.29 4,479,053.42
2014-03-31 10,291,553.59 311,838.29 4,253,575.42
2013-12-31 9,734,239.59 327,792.29 4,045,271.42
2013-09-30 9,062,176.25 377,859.63 3,712,987.89
2013-06-30 8,504,477.25 412,423.63 3,484,384.89
2013-03-31 8,063,528.25 437,490.63 3,260,732.89
2012-12-31 7,585,085.25 432,750.63 3,053,524.89
2012-09-30 7,119,395.90 415,870.10 2,858,520.04
2012-06-30 6,691,787.17 396,340.43 2,682,826.55
2012-03-31 6,260,055.90 375,016.10 2,532,514.04

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Mitra Adiperkasa has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Mitra Adiperkasa used its assets more efficiently than the US Multiline Retail industry average last year based on Return on Assets.
  • Mitra Adiperkasa has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Mitra Adiperkasa's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Multiline Retail industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Mitra Adiperkasa has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Mitra Adiperkasa's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Mitra Adiperkasa's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mitra Adiperkasa is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mitra Adiperkasa's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Mitra Adiperkasa's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Mitra Adiperkasa Company Filings, last reported 5 months ago.

OTCPK:PMDK.Y Past Debt and Equity Data
Date (Data in IDR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 5,762,615.00 2,923,155.00 1,398,297.00
2018-06-30 4,689,083.00 3,470,594.00 1,714,537.00
2018-03-31 4,611,728.00 3,402,981.00 1,458,594.00
2017-12-31 4,242,414.15 3,533,840.46 1,574,250.00
2017-09-30 4,189,810.00 3,599,722.00 937,543.00
2017-06-30 4,103,048.00 3,731,622.00 1,723,324.00
2017-03-31 3,260,932.00 4,366,634.00 1,251,338.00
2016-12-31 3,203,510.27 4,496,367.32 1,740,351.46
2016-09-30 3,097,624.00 4,215,461.00 564,707.00
2016-06-30 3,016,237.00 4,245,059.00 450,039.00
2016-03-31 2,986,195.00 3,953,945.00 431,703.00
2015-12-31 2,974,910.57 3,655,941.57 506,892.18
2015-09-30 2,949,262.00 3,571,956.00 290,374.00
2015-06-30 2,947,341.00 3,511,167.00 283,617.00
2015-03-31 2,522,988.00 3,731,376.00 381,726.00
2014-12-31 2,532,837.99 3,425,699.60 512,671.89
2014-09-30 2,507,938.00 3,622,128.00 237,215.00
2014-06-30 2,491,068.00 3,372,407.00 305,695.00
2014-03-31 2,459,062.00 3,257,205.00 348,240.00
2013-12-31 2,427,883.91 2,775,110.02 368,514.57
2013-09-30 2,337,522.00 2,582,512.00 289,516.00
2013-06-30 2,247,659.00 2,403,442.00 211,073.00
2013-03-31 2,241,744.00 2,176,842.00 209,971.00
2012-12-31 2,172,675.17 1,974,621.99 527,752.69
2012-09-30 2,022,817.00 1,760,635.00 164,300.00
2012-06-30 1,905,218.80 1,461,724.56 183,432.74
2012-03-31 1,856,951.00 1,352,019.00 130,485.00
  • Mitra Adiperkasa's level of debt (50.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (110.5% vs 50.7% today).
  • Debt is well covered by operating cash flow (55.9%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.6x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Mitra Adiperkasa's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Mitra Adiperkasa has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Mitra Adiperkasa's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Mitra Adiperkasa dividends. Estimated to be 0.91% next year.
If you bought $2,000 of Mitra Adiperkasa shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Mitra Adiperkasa's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Mitra Adiperkasa's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:PMDK.Y Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
United States of America Multiline Retail Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 2.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2005 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:PMDK.Y Future Dividends Estimate Data
Date (Data in IDR) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 11.18 8.00
2019-12-31 9.26 10.00
2018-12-31 4.28 10.00
OTCPK:PMDK.Y Past Annualized Dividends Data
Date (Data in IDR) Dividend per share (annual) Avg. Yield (%)
2015-10-30 0.000 0.000
2015-07-31 0.000 0.000
2015-03-31 0.000 0.000
2012-11-28 3.500 0.547
2011-10-17 2.000 0.324
2011-03-18 2.000 0.539
2010-07-15 1.500 0.921
2010-05-03 0.000 0.000
2010-03-31 0.000 0.000
2009-10-30 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Mitra Adiperkasa has not reported any payouts.
  • Unable to verify if Mitra Adiperkasa's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Mitra Adiperkasa's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Mitra Adiperkasa has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (5.5x coverage).
X
Income/ dividend checks
We assess Mitra Adiperkasa's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Mitra Adiperkasa afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mitra Adiperkasa has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Mitra Adiperkasa's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Virendra Sharma
AGE 60
CEO Bio

Mr. Virendra Prakash Sharma has been Vice President Director of PT Mitra Adiperkasa Tbk since September 6, 2016 and serves as its Group Chief Executive Officer. Mr. Sharma has been instrumental in building MAP into PT Mitra Adiperkasa Tbk it is today since he joined in 1995. He serves as President Commissioner of PT Map Aktif Adiperkasa Tbk. He also holds numerous key positions at its subsidiaries. He was a finalist of Ernst & Young “Entrepreneur of the Year” Award in 2007 and CNBC “11th Asia Business Leader Award” in 2012. He is a certified Associate of the Indian Institute of Bankers (India). He earned his MBA from Hull University (United Kingdom), and both his Bachelor’s Degree in Law & Bachelor’s Degree in Commerce, from University of Rajasthan (India).

CEO Compensation
  • Insufficient data for Virendra to compare compensation growth.
  • Insufficient data for Virendra to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

Virendra Sharma

TITLE
Vice President Director & Group CEO
AGE
60

Susiana Latif

TITLE
Director of Finance & Administration and Director
AGE
60

Sjeniwati Gusman

TITLE
Director of Accounting & Director
AGE
60

Fetty Kwartati

TITLE
Head of Corporate Communication
AGE
50

Michael Capper

TITLE
Head of Active Division & Director
AGE
54

Agus Gozali

TITLE
Head of Department Store Division
AGE
45

Ria Hanityo

TITLE
Head of Fashion & Lifestyle Division

Anthony Cotton

TITLE
Head of Food & Beverage division

S. Kumar

TITLE
Head of E-Commerce & CRM Division
Board of Directors Tenure

Average tenure and age of the Mitra Adiperkasa board of directors in years:

13.8
Average Tenure
61.5
Average Age
  • The average tenure for the Mitra Adiperkasa board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Herman Bermhard Mantiri

TITLE
President Director
AGE
79
TENURE
14.5 yrs

Virendra Sharma

TITLE
Vice President Director & Group CEO
AGE
60
TENURE
14.5 yrs

Susiana Latif

TITLE
Director of Finance & Administration and Director
AGE
60
TENURE
14.5 yrs

Sjeniwati Gusman

TITLE
Director of Accounting & Director
AGE
60
TENURE
14.5 yrs

Michael Capper

TITLE
Head of Active Division & Director
AGE
54
TENURE
13.8 yrs

G. B. P. H. Prabukusumo

TITLE
Independent Vice President Commissioner
AGE
64
TENURE
8.8 yrs

Mari Pangestu

TITLE
President Commissioner
AGE
62

Handaka Santosa

TITLE
Director
AGE
62
TENURE
0.8 yrs

Sintia Kolonas

TITLE
Director
AGE
71
TENURE
0.8 yrs

Hendry Batubara

TITLE
Commissioner
AGE
61
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Mitra Adiperkasa's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Mitra Adiperkasa has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

PT. Mitra Adiperkasa Tbk engages in the retail trading of clothing, shoes, toys, accessories, bags, and sports equipment. It operates sports, fashion, department, kids, food and beverage, and lifestyle product stores. The company is also involved in Café and restaurant business; and property, investment, book store, and handicraft trading activities. It operates approximately 1,900 stores in Jakarta, Bandung, Surabaya, Bali, Medan, Makassar, Batam, Manado, and other cities in Indonesia. The company was founded in 1995 and is headquartered in Central Jakarta, Indonesia. PT. Mitra Adiperkasa Tbk is a subsidiary of PT Satya Mulia Gema Gemilang.

Details
Name: PT. Mitra Adiperkasa Tbk
PMDK.Y
Exchange: OTCPK
Founded: 1995
IDR1,294,577,236
16,536,918,000
Website: http://www.map.co.id
Address: PT. Mitra Adiperkasa Tbk
Sahid Sudirman Center,
29th Floor,
Central Jakarta,
Jakarta Raya, 10220,
Indonesia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
IDX MAPI Ordinary Shares Indonesia Stock Exchange ID IDR 10. Nov 2004
OTCPK PMDK.F Ordinary Shares Pink Sheets LLC US USD 10. Nov 2004
DB QGI Ordinary Shares Deutsche Boerse AG DE EUR 10. Nov 2004
OTCPK PMDK.Y SPONSORED ADR Pink Sheets LLC US USD 29. Oct 2010
Number of employees
Current staff
Staff numbers
23,128
Mitra Adiperkasa employees.
Industry
Department Stores
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/18 00:19
End of day share price update: 2019/03/14 00:00
Last estimates confirmation: 2019/03/12
Last earnings filing: 2018/10/31
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.