MAP Aktif Adiperkasa Tbk PT (MAPA) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of MAP Aktif Adiperkasa Tbk PT stock IDR 1,594, price IDR 560, upside +184.7%, quality 66 out of 100. Rating: strongly undervalued. Calculated from audited financials with 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 4, 2026.
How to read this chart
60‑month range 143.86 IDR – 1,119 IDR · fair‑value band 1,018 IDR – 2,449 IDR · the 560.00 IDR price screens below the 1,594 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 4, 2026.
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PT Map Aktif Adiperkasa Tbk operates as a sporting goods retailer in Indonesia. It offers sports, golf, kids, and lifestyle products. The company provides its products under various brands for sports, leisure, and kids' category.
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The company was founded in 2015 and is headquartered in Jakarta Pusat, Indonesia. PT Map Aktif Adiperkasa Tbk is a subsidiary of PT Mitra Adiperkasa Tbk.
Stock analysis
MAP Aktif Adiperkasa Tbk PT (MAPA) currently trades at 560.00 IDR, while our model-based Fair Value estimate is 1,594 IDR, implying the stock looks roughly 65% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 1,884 IDR per share, and 22 of the 26 models we run sit above the 560.00 IDR price.
Bear case: the Economic Profit group reads lowest at 686.74 IDR, and 4 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: 1,018 IDR (bear) to 2,449 IDR (bull), the price of 560.00 IDR sits below 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 Consumer Cyclical sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
MAP Aktif Adiperkasa Tbk PT reported revenue of 19.3T IDR in FY2025 versus 6.0T IDR in FY2021, a compound +33.7%/yr. Reported net income was 1.7T IDR in FY2025, compounding +61.9%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 16.3T IDR (≈ $906M) Small · P/E ratio 8.0 · P/S ratio 0.75 · EPS (TTM) 69.84 IDR · Dividend yield 0.7% · Net margin 9.2% · Return on equity 21.6% · Return on assets (EBIT) 16.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 65 out of 100 (low confidence).
What moves the price
The share trades about 28% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −5% fair-value upside, at 185%, MAPA screens cheaper than that median.
Fair Value models
Bear1,018 IDRFair Value 1,594 IDRBull2,449 IDR
Price 560.00 IDR · Upside +184.7%
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 (59.89 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.
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.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+12.2%
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.
+25.3%
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.
+32.2%
Start year 2020 (pandemic). Over 10 years: +18.8% a year
Revenue growth 10 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.
+18.8%
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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.
+47.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+47.0%
Dividend (yield on the price)0.7%
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.47.0% vs 11.7%, picking up
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.2% → 14%
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 and less than analysts expect.
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).
−6.4%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+9.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (Indonesia: IMF forecast 2.6% a year to 2030, 2.9% from 2016 to 2025) that is about −8.8% a year for the price and +6.7% for the forecasts.
Compare MAP Aktif Adiperkasa 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.Specialty Retail · 203 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score66 · Top 25%
Fair Value upside+184.7% · Top 25%
Profitability
Return on equity (12 months)21.6% · Top 25%
Return on assets12.1% · Top 25%
Net margin (12 months)9.2% · Top 25%
Operating margin (12 months)14.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)22.5% · Top 25%
Dividend yield (12 months)0.7% · Bottom 25%
Valuation Multiplesvs Specialty Retail median · lower = cheaper
P/E (12 months)8.0× · Cheapest 25%
P/B1.87× · Pricier than median
P/S (12 months)0.75× · Pricier than median
Price / free cash flow (fiscal year)7.3× · Cheaper than median
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). "MAP Aktif Adiperkasa Tbk PT Fair Value". https://www.fairvalue-calculator.com/stock/MAPA
Frequently asked questions
Is MAP Aktif Adiperkasa Tbk PT (MAPA) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 1,594 IDR versus a price of 560.00 IDR, about +185% upside (undervalued).
What is the fair value of MAPA?
Our model-based fair value for MAP Aktif Adiperkasa Tbk PT is 1,594 IDR (as of Nov 4, 2026), built from audited fundamentals. The current price: 560.00 IDR.
What is the quality score of MAPA?
MAP Aktif Adiperkasa 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 MAP Aktif Adiperkasa Tbk PT (MAPA)?
Our model-based price target is the fair value of 1,594 IDR (as of Nov 4, 2026) from 26 valuation models. Cautious scenario 1,018 IDR, optimistic scenario 2,449 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the MAP Aktif Adiperkasa Tbk PT stock forecast for 2026?
Our models put fair value at 1,594 IDR, about +185% upside versus a price of 560.00 IDR (undervalued). Cautious scenario 1,018 IDR, optimistic scenario 2,449 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of MAP Aktif Adiperkasa Tbk PT (MAPA)?
MAP Aktif Adiperkasa Tbk PT reported trailing-twelve-month revenue of about 21.8T IDR (latest available figure, as of Nov 4, 2026).
Does MAP Aktif Adiperkasa Tbk PT pay a dividend?
MAP Aktif Adiperkasa Tbk PT currently shows a dividend yield of 0.69% relative to its recent price (as of Nov 4, 2026).
How much is the dividend of MAP Aktif Adiperkasa Tbk PT (MAPA)?
MAP Aktif Adiperkasa Tbk PT has a dividend yield of 0.7%.
What growth is priced into MAP Aktif Adiperkasa Tbk PT (MAPA)?
For today's price to be fair in a discounted-cash-flow model, MAP Aktif Adiperkasa Tbk PT would have to grow free cash flow by -6.4 % per year for five years (discount rate 12.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +32.2 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of MAPA use?
Our models discount MAP Aktif Adiperkasa Tbk PT at 12.0 %: a base by market capitalisation (small), damped by beta 0.37, 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 MAP Aktif Adiperkasa Tbk PT that is -6.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.0 %) and the same formula as our fair value.
How much growth has MAP Aktif Adiperkasa Tbk PT (MAPA) delivered so far?
Over the past 5 years revenue at MAP Aktif Adiperkasa Tbk PT grew +32.2 % a year. The price currently implies free-cash-flow growth of -6.4 % 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 MAP Aktif Adiperkasa Tbk PT (MAPA) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into MAP Aktif Adiperkasa Tbk PT (-6.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of MAP Aktif Adiperkasa Tbk PT (MAPA)?
The free-cash-flow yield on the price is 13.77 %: that much free cash flow MAP Aktif Adiperkasa Tbk PT produces per unit of market value. When it exceeds the discount rate of our models (12.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of MAP Aktif Adiperkasa Tbk PT (MAPA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For MAP Aktif Adiperkasa Tbk PT it is 1,594 IDR per share (as of Nov 4, 2026), against a price of 560.00 IDR. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is MAP Aktif Adiperkasa Tbk PT stock overvalued or undervalued in 2026?
As of Nov 4, 2026, MAPA trades below its calculated fair value: price 560.00 IDR, fair value 1,594 IDR, a gap of about +185% (undervalued). 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 MAPA?
No. The price is what the market pays today (560.00 IDR); the fair value is what the company's own numbers justify (1,594 IDR). For MAP Aktif Adiperkasa Tbk PT the two are 1,034 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is MAP Aktif Adiperkasa Tbk PT worth?
The market values MAP Aktif Adiperkasa Tbk PT at about 16.3T IDR (market capitalisation, as of Nov 4, 2026). Per share that is 560.00 IDR; our models calculate a fair value of 1,594 IDR per share.
What do the bullish and bearish scenarios say about MAPA?
Our models span a range for MAP Aktif Adiperkasa Tbk PT: cautious scenario 1,018 IDR, base 1,594 IDR, optimistic 2,449 IDR per share (as of Nov 4, 2026, price 560.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MAPA?
MAP Aktif Adiperkasa Tbk PT trades at a price-to-earnings ratio of 8.0 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 1,594 IDR is built from several models across several years. Other multiples: PEG 1.0, P/B 1.9, P/S 0.7, EV/EBITDA 4.2.
What is the PEG ratio of MAPA?
The PEG ratio of MAP Aktif Adiperkasa Tbk PT is 1.01 (P/E divided by earnings growth, as of Nov 4, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of MAP Aktif Adiperkasa Tbk PT (MAPA)?
Balance-sheet figures for MAP Aktif Adiperkasa Tbk PT (as of Nov 4, 2026): return on equity 21.6%. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is MAPA from its 52-week high?
MAP Aktif Adiperkasa Tbk PT trades at 560.00 IDR, about 28% below its 52-week high of 779.89 IDR and 13% above the low of 496.00 IDR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 1,594 IDR is for.
Which stocks are comparable to MAP Aktif Adiperkasa Tbk PT?
From the same area (Consumer Cyclical) we also value Alimentation Couche-Tard Inc, Williams-Sonoma, Inc, Ulta Beauty, Inc, Casey's General Stores, 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 MAP Aktif Adiperkasa Tbk PT stock attractive at the current price?
The data as of Nov 4, 2026: price 560.00 IDR, calculated fair value 1,594 IDR (+185%), Quality Score 66/100, from 26 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 MAPA calculated?
We run MAP Aktif Adiperkasa Tbk PT through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 1,594 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. MAP Aktif Adiperkasa Tbk PT currently trades 65% below its own fair value, and the market average says nothing about that. 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 MAP Aktif Adiperkasa Tbk PT (MAPA)?
The closing price on Nov 6, 2026 was 560.00 IDR. Our model-based fair value is 1,594 IDR, about +185% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with MAP Aktif Adiperkasa Tbk PT right now?
The price is below even our cautious bear case (1,018 IDR). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (1,018 IDR to 2,449 IDR) leaves room in how you read the outcome.
Where does the earnings growth of MAP Aktif Adiperkasa Tbk PT (MAPA) come from?
Earnings per share at MAP Aktif Adiperkasa Tbk PT grew +12.3 % a year from 2015 to 2025. Broken into its drivers: revenue per share +15.3 %, EBIT margin +5.7 %, tax rate −1.7 %, residual (interest, one-offs) −6.3 %. 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 MAP Aktif Adiperkasa Tbk PT
How large is the market capitalisation of MAP Aktif Adiperkasa Tbk PT (MAPA)?
The market capitalisation of MAP Aktif Adiperkasa Tbk PT is 16.3T IDR (≈ $906M). 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 MAP Aktif Adiperkasa Tbk PT (MAPA)?
The price-to-sales ratio of MAP Aktif Adiperkasa Tbk PT is 0.75 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of MAP Aktif Adiperkasa Tbk PT (MAPA)?
Earnings per share at MAP Aktif Adiperkasa Tbk PT are 69.84 IDR (price ÷ EPS = P/E 8.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of MAP Aktif Adiperkasa Tbk PT (MAPA)?
The dividend yield of MAP Aktif Adiperkasa Tbk PT is 0.7% (payout 5.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of MAP Aktif Adiperkasa Tbk PT (MAPA)?
The net margin of MAP Aktif Adiperkasa Tbk PT is 9.2% (last twelve months). 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 MAP Aktif Adiperkasa Tbk PT (MAPA)?
The return on equity (ROE) of MAP Aktif Adiperkasa Tbk PT is 21.6% (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 MAP Aktif Adiperkasa Tbk PT (MAPA)?
On an EBIT basis the return on assets of MAP Aktif Adiperkasa Tbk PT is 16.9% (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 MAP Aktif Adiperkasa Tbk PT (MAPA)?
The operating margin of MAP Aktif Adiperkasa Tbk PT is 14.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at MAP Aktif Adiperkasa Tbk PT (MAPA)?
Revenue at MAP Aktif Adiperkasa Tbk PT is growing +22.5% versus a year earlier (3y avg +25.3%). 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 MAP Aktif Adiperkasa Tbk PT (MAPA)?
Earnings per share at MAP Aktif Adiperkasa Tbk PT are growing +16.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does MAP Aktif Adiperkasa Tbk PT (MAPA) carry?
The net debt of MAP Aktif Adiperkasa Tbk PT is 420B IDR (fiscal year 2025, ≈ 0.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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