Maming Enam Sembilan Mineral Tbk PT (AKSI) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Maming Enam Sembilan Mineral Tbk PT stock IDR 188, price IDR 220, that is 14.6% below the price, quality 66 out of 100. Rating: overvalued. Calculated from audited financials with 11 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range 104.00 IDR – 1,050 IDR · fair‑value band 175.89 IDR – 209.85 IDR · the 220.00 IDR price screens above the 187.82 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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PT Mineral Sumberdaya Mandiri Tbk, through its subsidiary, PT Rezki Batulicin Transport, engages in the land transportation business in Indonesia. It is also involved in the rental of vehicles.
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PT Mineral Sumberdaya Mandiri Tbk was formerly known as PT Maming Enam Sembilan Mineral Tbk. PT Mineral Sumberdaya Mandiri Tbk was founded in 1990 and is based in Jakarta Selatan, Indonesia. PT Mineral Sumberdaya Mandiri Tbk is a subsidiary of PT Batulicin Enam Sembilan Transportasi.
Stock analysis
Maming Enam Sembilan Mineral Tbk PT (AKSI) currently trades at 220.00 IDR, while our model-based Fair Value estimate is 187.82 IDR, 15% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 377.05 IDR per share, and 6 of the 11 models we run sit above the 220.00 IDR price.
Bear case: the Earnings-Based group reads lowest at 37.89 IDR, and 5 of the 11 models stay below the price. Data coverage for this calculation is low.
Scenario range: 175.89 IDR (bear) to 209.85 IDR (bull), the price of 220.00 IDR sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 66/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Maming Enam Sembilan Mineral Tbk PT reported revenue of 456B IDR in FY2025 versus 480B IDR in FY2021, a compound −1.3%/yr. Reported net income was 2.2B IDR in FY2025, compounding −44.9%/yr from FY2021.
Key figures
Market cap 202B IDR (≈ $11.2M) Micro · P/E ratio 8.6 · P/S ratio 0.04 · EPS (TTM) 25.47 IDR · Net margin 0.5% · Return on equity −9.5% · Return on assets (EBIT) 6.4% (5-year average) · Operating margin 0.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 20 out of 100 (low confidence).
What moves the price
The share trades about 60% below its 52-week high and 27% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −39% fair-value upside, at −15%, AKSI screens cheaper than that median.
Fair Value models
Bear175.89 IDRFair Value 187.82 IDRBull209.85 IDR
Price 220.00 IDR · Downside -14.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (21.84 IDR per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Growth DCF363.54 IDR455.81 IDR561.07 IDR80
Owner Earnings238.32 IDR300.39 IDR375.22 IDR78
Rev-Margin DCF240.47 IDR298.28 IDR365.36 IDR74
All 11 models by family
DCF Models
Owner Earnings238.32 IDR300.39 IDR375.22 IDR78
5Y P/E Exit209.22 IDR235.03 IDR258.44 IDR72
10Y P/E Exit276.08 IDR312.10 IDR349.04 IDR65
Earnings-Based
Graham-Dodd21.02 IDR58.83 IDR77.36 IDR65
Lynch FV11.86 IDR16.94 IDR22.02 IDR61
Multiples
P/E Multiple30.14 IDR40.19 IDR50.24 IDR63
P/B Multiple249.20 IDR332.26 IDR415.33 IDR55
Asset-Based
NCAV (Graham)118.66 IDR159.01 IDR237.33 IDR54
Growth DCF
Growth DCF363.54 IDR455.81 IDR561.07 IDR80
Rev-Margin DCF240.47 IDR298.28 IDR365.36 IDR74
Economic Profit
Residual Income122.87 IDR131.20 IDR146.59 IDR71
The fair value above starts from this blend and is adjusted for a cyclical trough year.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.39/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+8.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−2.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−2.7%
Start year 2020 (pandemic). Over 10 years: +49.7% a year
Revenue growth 23 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+15.1%
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What shareholders gained per year (last 5 years), in IDR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in IDR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−11.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−11.8%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−11.8% vs −3.2%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.3% → 2%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−11.4%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Indonesia: IMF forecast 2.6% a year to 2030, 2.9% from 2016 to 2025) that is about −13.6% a year for the price.
Compare Maming Enam Sembilan Mineral Tbk PT with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Trucking · 44 stocks
Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score66 · Top 25%
Fair Value upside−14.6% · Below median
Profitability
Return on assets0.7% · Below median
Net margin (12 months)−4.2% · Bottom 25%
Operating margin (12 months)0.6% · Below median
Growth and dividend
Revenue growth (quarter YoY)−9.6% · Bottom 25%
Balance sheet
Debt / equity0.31× · Above median
Valuation Multiplesvs Trucking median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Maming Enam Sembilan Mineral Tbk PT Fair Value". https://www.fairvalue-calculator.com/stock/AKSI
Frequently asked questions
Is Maming Enam Sembilan Mineral Tbk PT (AKSI) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 187.82 IDR versus a price of 220.00 IDR, about 15% lower (overvalued).
What is the fair value of AKSI?
Our model-based fair value for Maming Enam Sembilan Mineral Tbk PT is 187.82 IDR (as of Nov 7, 2026), built from audited fundamentals. The current price: 220.00 IDR.
What is the quality score of AKSI?
Maming Enam Sembilan Mineral Tbk PT has a Quality Score of 66/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Maming Enam Sembilan Mineral Tbk PT (AKSI)?
Our model-based price target is the fair value of 187.82 IDR (as of Nov 7, 2026) from 11 valuation models. Cautious scenario 175.89 IDR, optimistic scenario 209.85 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Maming Enam Sembilan Mineral Tbk PT stock forecast for 2026?
Our models put fair value at 187.82 IDR, about 15% lower versus a price of 220.00 IDR (overvalued). Cautious scenario 175.89 IDR, optimistic scenario 209.85 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Maming Enam Sembilan Mineral Tbk PT (AKSI)?
Maming Enam Sembilan Mineral Tbk PT reported trailing-twelve-month revenue of about 384B IDR (latest available figure, as of Nov 7, 2026).
What growth is priced into Maming Enam Sembilan Mineral Tbk PT (AKSI)?
For today's price to be fair in a discounted-cash-flow model, Maming Enam Sembilan Mineral Tbk PT would have to grow free cash flow by -11.4 % per year for five years (discount rate 12.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -2.7 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of AKSI use?
Our models discount Maming Enam Sembilan Mineral Tbk PT at 12.6 %: a base by market capitalisation (nano), damped by beta 1.21, country premium for Indonesia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Maming Enam Sembilan Mineral Tbk PT that is -11.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.6 %) and the same formula as our fair value.
How much growth has Maming Enam Sembilan Mineral Tbk PT (AKSI) delivered so far?
Over the past 5 years revenue at Maming Enam Sembilan Mineral Tbk PT grew -2.7 % a year. The price currently implies free-cash-flow growth of -11.4 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Maming Enam Sembilan Mineral Tbk PT (AKSI) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into Maming Enam Sembilan Mineral Tbk PT (-11.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Maming Enam Sembilan Mineral Tbk PT (AKSI)?
The free-cash-flow yield on the price is 15.10 %: that much free cash flow Maming Enam Sembilan Mineral Tbk PT produces per unit of market value. When it exceeds the discount rate of our models (12.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Maming Enam Sembilan Mineral Tbk PT (AKSI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Maming Enam Sembilan Mineral Tbk PT it is 187.82 IDR per share (as of Nov 7, 2026), against a price of 220.00 IDR. It is the blended result of 11 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Maming Enam Sembilan Mineral Tbk PT stock overvalued or undervalued in 2026?
As of Nov 7, 2026, AKSI trades above its calculated fair value: price 220.00 IDR, fair value 187.82 IDR, a gap of about −15% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of AKSI?
No. The price is what the market pays today (220.00 IDR); the fair value is what the company's own numbers justify (187.82 IDR). For Maming Enam Sembilan Mineral Tbk PT the two are 32.18 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Maming Enam Sembilan Mineral Tbk PT worth?
The market values Maming Enam Sembilan Mineral Tbk PT at about 202B IDR (market capitalisation, as of Nov 7, 2026). Per share that is 220.00 IDR; our models calculate a fair value of 187.82 IDR per share.
What do the bullish and bearish scenarios say about AKSI?
Our models span a range for Maming Enam Sembilan Mineral Tbk PT: cautious scenario 175.89 IDR, base 187.82 IDR, optimistic 209.85 IDR per share (as of Nov 7, 2026, price 220.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of AKSI?
Maming Enam Sembilan Mineral Tbk PT trades at a price-to-earnings ratio of 8.6 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 187.82 IDR is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings: 26.4. Other multiples: P/B 1.2, P/S 0.5, EV/EBITDA 4.2.
How solid is the balance sheet of Maming Enam Sembilan Mineral Tbk PT (AKSI)?
Balance-sheet figures for Maming Enam Sembilan Mineral Tbk PT (as of Nov 7, 2026): return on equity −9.5%, debt of 0.31 per unit of equity. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is AKSI from its 52-week high?
Maming Enam Sembilan Mineral Tbk PT trades at 220.00 IDR, about 60% below its 52-week high of 545.00 IDR and 27% above the low of 173.00 IDR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 187.82 IDR is for.
Which stocks are comparable to Maming Enam Sembilan Mineral Tbk PT?
From the same area (Industrials) we also value Old Dominion Freight Line, Inc, XPO, Inc, Knight-Swift Transportation Holdings, Saia, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Maming Enam Sembilan Mineral Tbk PT stock attractive at the current price?
The data as of Nov 7, 2026: price 220.00 IDR, calculated fair value 187.82 IDR (−15%), Quality Score 66/100, from 11 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of AKSI calculated?
We run Maming Enam Sembilan Mineral Tbk PT through 11 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 187.82 IDR builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Maming Enam Sembilan Mineral Tbk PT itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Maming Enam Sembilan Mineral Tbk PT (AKSI)?
The closing price on Nov 6, 2026 was 220.00 IDR. Our model-based fair value is 187.82 IDR, about 15% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Maming Enam Sembilan Mineral Tbk PT right now?
The price sits above even our optimistic bull case (209.85 IDR). The favourable scenario is already priced in. Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Where does the earnings growth of Maming Enam Sembilan Mineral Tbk PT (AKSI) come from?
Earnings per share at Maming Enam Sembilan Mineral Tbk PT grew +7.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +58.7 %, EBIT margin −35.9 %, tax rate −5.5 %, residual (interest, one-offs) +11.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Maming Enam Sembilan Mineral Tbk PT
How large is the market capitalisation of Maming Enam Sembilan Mineral Tbk PT (AKSI)?
The market capitalisation of Maming Enam Sembilan Mineral Tbk PT is 202B IDR (≈ $11.2M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Maming Enam Sembilan Mineral Tbk PT (AKSI)?
The price-to-sales ratio of Maming Enam Sembilan Mineral Tbk PT is 0.04 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Maming Enam Sembilan Mineral Tbk PT (AKSI)?
Earnings per share at Maming Enam Sembilan Mineral Tbk PT are 25.47 IDR (price ÷ EPS = P/E 8.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Maming Enam Sembilan Mineral Tbk PT (AKSI)?
The net margin of Maming Enam Sembilan Mineral Tbk PT is 0.5% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Maming Enam Sembilan Mineral Tbk PT (AKSI)?
The return on equity (ROE) of Maming Enam Sembilan Mineral Tbk PT is −9.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Maming Enam Sembilan Mineral Tbk PT (AKSI)?
On an EBIT basis the return on assets of Maming Enam Sembilan Mineral Tbk PT is 6.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Maming Enam Sembilan Mineral Tbk PT (AKSI)?
The operating margin of Maming Enam Sembilan Mineral Tbk PT is 0.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Maming Enam Sembilan Mineral Tbk PT (AKSI)?
Revenue at Maming Enam Sembilan Mineral Tbk PT is growing −9.6% versus a year earlier (3y avg −2.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Maming Enam Sembilan Mineral Tbk PT (AKSI)?
Earnings per share at Maming Enam Sembilan Mineral Tbk PT are growing −56.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Maming Enam Sembilan Mineral Tbk PT (AKSI) hold?
Maming Enam Sembilan Mineral Tbk PT holds more cash than debt, 50.8B IDR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Nov 7, 2026