Board Change • May 20
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Independent President Commissioner Sri Hadiputranto was the last independent director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • May 19
PT. Mitra Adiperkasa Tbk, Annual General Meeting, Jun 24, 2026 PT. Mitra Adiperkasa Tbk, Annual General Meeting, Jun 24, 2026. Duyuru • May 09
Pacific Universal Investments Pte. Ltd. completed the acquisition of 51% stake in PT. Mitra Adiperkasa Tbk (IDX:MAPI) from PT Satya Mulia Gema Gemilang for approximately IDR 11 trillion. Pacific Universal Investments Pte. Ltd. agreed to acquire an unknown minority stake in PT. Mitra Adiperkasa Tbk (IDX:MAPI) from PT Satya Mulia Gema Gemilang on August 12, 2025.
The Philippine Competition Commission has cleared the proposed acquisition.
Pacific Universal Investments Pte. Ltd. completed the acquisition of 51% stake in PT. Mitra Adiperkasa Tbk (IDX:MAPI) from PT Satya Mulia Gema Gemilang for approximately IDR 11 trillion on May 8, 2026. According to the terms of consideration Pacific Universal Investments Pte. Ltd. will pay IDR 11.81 trillion based on per share price of IDR 1395. Upon completion of the transaction, Pacific Universal Investments Pte. Ltd.has officially become the new controlling shareholder of the Company. Duyuru • Jul 03
PT. Mitra Adiperkasa Tbk announces Annual dividend, payable on August 01, 2025 PT. Mitra Adiperkasa Tbk announced Annual dividend of IDR 10.0000 per share payable on August 01, 2025, ex-date on July 09, 2025 and record date on July 10, 2025. Duyuru • May 22
PT. Mitra Adiperkasa Tbk, Annual General Meeting, Jun 30, 2025 PT. Mitra Adiperkasa Tbk, Annual General Meeting, Jun 30, 2025. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: Rp24.60 (vs Rp26.91 in 3Q 2023) Third quarter 2024 results: EPS: Rp24.60 (down from Rp26.91 in 3Q 2023). Revenue: Rp9.62t (up 17% from 3Q 2023). Net income: Rp400.6b (down 10.0% from 3Q 2023). Profit margin: 4.2% (down from 5.4% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 34% per year. Buy Or Sell Opportunity • Sep 10
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to €0.086. The fair value is estimated to be €0.068, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 46%. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 37% in the next 2 years. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: Rp28.94 (vs Rp38.66 in 2Q 2023) Second quarter 2024 results: EPS: Rp28.94 (down from Rp38.66 in 2Q 2023). Revenue: Rp9.21t (up 13% from 2Q 2023). Net income: Rp485.3b (down 24% from 2Q 2023). Profit margin: 5.3% (down from 7.9% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 46% per year whereas the company’s share price has increased by 43% per year. Declared Dividend • Jul 05
Dividend of Rp8.00 announced Shareholders will receive a dividend of Rp8.00. Ex-date: 8th July 2024 Payment date: 30th July 2024 Dividend yield will be 11,429%, which is higher than the industry average of 1.9%. Payout Ratios Payout ratio: 7%. Cash payout ratio: 45%. Duyuru • May 24
PT. Mitra Adiperkasa Tbk, Annual General Meeting, Jun 27, 2024 PT. Mitra Adiperkasa Tbk, Annual General Meeting, Jun 27, 2024. Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: Rp25.00 (vs Rp24.46 in 1Q 2023) First quarter 2024 results: EPS: Rp25.00 (up from Rp24.46 in 1Q 2023). Revenue: Rp8.79t (up 18% from 1Q 2023). Net income: Rp414.0b (up 2.3% from 1Q 2023). Profit margin: 4.7% (down from 5.4% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 30
Full year 2023 earnings released: EPS: Rp114 (vs Rp128 in FY 2022) Full year 2023 results: EPS: Rp114 (down from Rp128 in FY 2022). Revenue: Rp33t (up 24% from FY 2022). Net income: Rp1.89t (down 10% from FY 2022). Profit margin: 5.7% (down from 7.8% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 8.5% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: Rp26.88 (vs Rp28.14 in 3Q 2022) Third quarter 2023 results: EPS: Rp26.88 (down from Rp28.14 in 3Q 2022). Revenue: Rp8.20t (up 25% from 3Q 2022). Net income: Rp445.1b (down 4.4% from 3Q 2022). Profit margin: 5.4% (down from 7.1% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 57% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 30
Second quarter 2023 earnings released: EPS: Rp38.51 (vs Rp31.34 in 2Q 2022) Second quarter 2023 results: EPS: Rp38.51 (up from Rp31.34 in 2Q 2022). Revenue: Rp8.13t (up 23% from 2Q 2022). Net income: Rp639.5b (up 23% from 2Q 2022). Profit margin: 7.9% (up from 7.8% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 65% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 27
Upcoming dividend of Rp8.00 per share Eligible shareholders must have bought the stock before 04 July 2023. Payment date: 21 July 2023. The company last paid an ordinary dividend in November 2012. The average dividend yield among industry peers is 1.3%. Reported Earnings • May 03
First quarter 2023 earnings released: EPS: Rp24.00 (vs Rp31.01 in 1Q 2022) First quarter 2023 results: EPS: Rp24.00 (down from Rp31.01 in 1Q 2022). Revenue: Rp7.46t (up 33% from 1Q 2022). Net income: Rp404.6b (down 21% from 1Q 2022). Profit margin: 5.4% (down from 9.1% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: Rp128 (vs Rp26.54 in FY 2021) Full year 2022 results: EPS: Rp128 (up from Rp26.54 in FY 2021). Revenue: Rp27t (up 46% from FY 2021). Net income: Rp2.11t (up 381% from FY 2021). Profit margin: 7.8% (up from 2.4% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has increased by 76% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent President Commissioner Indrastuti Hadiputranto was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Vice President Commissioner Gusti Bendoro Pangeran Haryo Prabukusumo was the last independent director to join the board, commencing their role in 2009. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 13
Full year 2021 earnings released: EPS: Rp27.00 (vs Rp33.48 loss in FY 2020) Full year 2021 results: EPS: Rp27.00 (up from Rp33.48 loss in FY 2020). Revenue: Rp18t (up 24% from FY 2020). Net income: Rp438.9b (up Rp992.6b from FY 2020). Profit margin: 2.4% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 25%, compared to a 7.8% growth forecast for the retail industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 04
Second quarter 2021 earnings released: EPS Rp14.85 (vs Rp25.15 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: Rp4.82t (up 130% from 2Q 2020). Net income: Rp245.6b (up Rp661.6b from 2Q 2020). Profit margin: 5.1% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Reported Earnings • May 16
First quarter 2021 earnings released: EPS Rp1.58 (vs Rp0.49 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: Rp4.31t (down 8.7% from 1Q 2020). Net income: Rp26.1b (up 223% from 1Q 2020). Profit margin: 0.6% (up from 0.2% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 29
Third quarter 2020 earnings released: Rp12.34 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: Rp3.38t (down 37% from 3Q 2019). Net loss: Rp197.4b (down 238% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.