Multi Hanna Kreasindo Tbk Pt (MHKI) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Multi Hanna Kreasindo Tbk Pt stock IDR 224, price IDR 92, upside +143.3%, quality 53 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
31‑month range 85.52 IDR – 492.24 IDR · fair‑value band 117.72 IDR – 279.82 IDR · the 92.00 IDR price screens below the 223.86 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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PT Multi Hanna Kreasindo Tbk engages in the industrial waste management business in Indonesia. The company offers integrated waste transportation, processing, and utilization; liquid waste treatment; medical waste treatment; and solid waste treatment services.
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PT Multi Hanna Kreasindo Tbk was founded in 2004 and is headquartered in Bekasi, Indonesia. The company operates as a subsidiary of PT Multi Hanna Sinergitama.
Stock analysis
Multi Hanna Kreasindo Tbk Pt (MHKI) currently trades at 92.00 IDR, while our model-based Fair Value estimate is 223.86 IDR, implying the stock looks roughly 59% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 324.50 IDR per share, and 22 of the 26 models we run sit above the 92.00 IDR price.
Bear case: the Asset-Based group reads lowest at 46.78 IDR, and 4 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: 117.72 IDR (bear) to 279.82 IDR (bull), the price of 92.00 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 53/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Multi Hanna Kreasindo Tbk Pt reported revenue of 213B IDR in FY2025 versus 97.0B IDR in FY2021, a compound +21.7%/yr. Reported net income was 40.0B IDR in FY2025, compounding +44.7%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 341B IDR (≈ $19.0M) Micro · P/E ratio 13.9 · P/S ratio 1.76 · EPS (TTM) 6.61 IDR · Dividend yield 2.3% · Net margin 12.7% · Return on equity 5.2% · Return on assets (EBIT) 11.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (low confidence).
What moves the price
The share trades about 68% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −25% fair-value upside, at 143%, MHKI screens cheaper than that median.
Fair Value models
Bear117.72 IDRFair Value 223.86 IDRBull279.82 IDR
Price 92.00 IDR · Upside +143.3%
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 (5.67 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.86/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+23.6%
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.
+17.2%
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.
+28.3%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
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.
+44.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+41.7%
Dividend (yield on the price)2.3%
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.6% → 23%
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).
+6.5%
Yearly growth needed for the next five years to justify today's price.
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 +3.7% a year for the price.
Compare Multi Hanna Kreasindo Tbk Pt with another stock
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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.Waste Management · 155 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score53 · Above median
Fair Value upside+143.3% · Top 25%
Profitability
Return on equity (12 months)5.2% · Below median
Return on assets7.9% · Top 25%
Net margin (12 months)12.7% · Above median
Operating margin (12 months)−1.6% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−10.5% · Bottom 25%
Dividend yield (12 months)2.3% · Below median
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Waste Management median · lower = cheaper
P/E (12 months)13.9× · Cheaper than median
P/B0.71× · Cheapest 25%
P/S (12 months)1.76× · Cheaper than median
Price / free cash flow (fiscal year)16.6× · Pricier than median
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Cite: Fair Value Calculator (2026). "Multi Hanna Kreasindo Tbk Pt Fair Value". https://www.fairvalue-calculator.com/stock/MHKI
Frequently asked questions
Is Multi Hanna Kreasindo Tbk Pt (MHKI) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 223.86 IDR versus a price of 92.00 IDR, about +143% upside (undervalued).
What is the fair value of MHKI?
Our model-based fair value for Multi Hanna Kreasindo Tbk Pt is 223.86 IDR (as of Nov 4, 2026), built from audited fundamentals. The current price: 92.00 IDR.
What is the quality score of MHKI?
Multi Hanna Kreasindo Tbk Pt has a Quality Score of 53/100. 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 Multi Hanna Kreasindo Tbk Pt (MHKI)?
Our model-based price target is the fair value of 223.86 IDR (as of Nov 4, 2026) from 26 valuation models. Cautious scenario 117.72 IDR, optimistic scenario 279.82 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Multi Hanna Kreasindo Tbk Pt stock forecast for 2026?
Our models put fair value at 223.86 IDR, about +143% upside versus a price of 92.00 IDR (undervalued). Cautious scenario 117.72 IDR, optimistic scenario 279.82 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Multi Hanna Kreasindo Tbk Pt (MHKI)?
Multi Hanna Kreasindo Tbk Pt reported trailing-twelve-month revenue of about 194B IDR (latest available figure, as of Nov 4, 2026).
Does Multi Hanna Kreasindo Tbk Pt pay a dividend?
Multi Hanna Kreasindo Tbk Pt currently shows a dividend yield of 2.29% relative to its recent price (as of Nov 4, 2026).
How much is the dividend of Multi Hanna Kreasindo Tbk Pt (MHKI)?
Multi Hanna Kreasindo Tbk Pt has a dividend yield of 2.3%.
What growth is priced into Multi Hanna Kreasindo Tbk Pt (MHKI)?
For today's price to be fair in a discounted-cash-flow model, Multi Hanna Kreasindo Tbk Pt would have to grow free cash flow by +6.5 % per year for five years (discount rate 14.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +28.3 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of MHKI use?
Our models discount Multi Hanna Kreasindo Tbk Pt at 14.5 %: a base by market capitalisation (nano), damped by beta 1.84, 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 Multi Hanna Kreasindo Tbk Pt that is +6.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (14.5 %) and the same formula as our fair value.
How much growth has Multi Hanna Kreasindo Tbk Pt (MHKI) delivered so far?
Over the past 5 years revenue at Multi Hanna Kreasindo Tbk Pt grew +28.3 % a year. The price currently implies free-cash-flow growth of +6.5 % 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 Multi Hanna Kreasindo Tbk Pt (MHKI) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Multi Hanna Kreasindo Tbk Pt (+6.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Multi Hanna Kreasindo Tbk Pt (MHKI)?
The free-cash-flow yield on the price is 6.33 %: that much free cash flow Multi Hanna Kreasindo Tbk Pt produces per unit of market value. When it exceeds the discount rate of our models (14.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Multi Hanna Kreasindo Tbk Pt (MHKI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Multi Hanna Kreasindo Tbk Pt it is 223.86 IDR per share (as of Nov 4, 2026), against a price of 92.00 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 Multi Hanna Kreasindo Tbk Pt stock overvalued or undervalued in 2026?
As of Nov 4, 2026, MHKI trades below its calculated fair value: price 92.00 IDR, fair value 223.86 IDR, a gap of about +143% (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 MHKI?
No. The price is what the market pays today (92.00 IDR); the fair value is what the company's own numbers justify (223.86 IDR). For Multi Hanna Kreasindo Tbk Pt the two are 131.86 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Multi Hanna Kreasindo Tbk Pt worth?
The market values Multi Hanna Kreasindo Tbk Pt at about 341B IDR (market capitalisation, as of Nov 4, 2026). Per share that is 92.00 IDR; our models calculate a fair value of 223.86 IDR per share.
What do the bullish and bearish scenarios say about MHKI?
Our models span a range for Multi Hanna Kreasindo Tbk Pt: cautious scenario 117.72 IDR, base 223.86 IDR, optimistic 279.82 IDR per share (as of Nov 4, 2026, price 92.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MHKI?
Multi Hanna Kreasindo Tbk Pt trades at a price-to-earnings ratio of 13.9 (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 223.86 IDR is built from several models across several years. Other multiples: P/B 0.7, P/S 1.8, EV/EBITDA 5.5.
How solid is the balance sheet of Multi Hanna Kreasindo Tbk Pt (MHKI)?
Balance-sheet figures for Multi Hanna Kreasindo Tbk Pt (as of Nov 4, 2026): return on equity 5.2%, debt of 0.01 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is MHKI from its 52-week high?
Multi Hanna Kreasindo Tbk Pt trades at 92.00 IDR, about 68% below its 52-week high of 287.37 IDR and at the low of 91.88 IDR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 223.86 IDR is for.
Which stocks are comparable to Multi Hanna Kreasindo Tbk Pt?
From the same area (Industrials) we also value Waste Management, Inc, Republic Services, Inc, Waste Connections, Inc, Veolia Environnement SA, 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 Multi Hanna Kreasindo Tbk Pt stock attractive at the current price?
The data as of Nov 4, 2026: price 92.00 IDR, calculated fair value 223.86 IDR (+143%), Quality Score 53/100, 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 MHKI calculated?
We run Multi Hanna Kreasindo 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 223.86 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. Multi Hanna Kreasindo Tbk Pt currently trades 59% 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 Multi Hanna Kreasindo Tbk Pt (MHKI)?
The closing price on Nov 6, 2026 was 92.00 IDR. Our model-based fair value is 223.86 IDR, about +143% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Multi Hanna Kreasindo Tbk Pt right now?
The price is below even our cautious bear case (117.72 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 (53/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (117.72 IDR to 279.82 IDR) leaves room in how you read the outcome.
Key figures of Multi Hanna Kreasindo Tbk Pt
How large is the market capitalisation of Multi Hanna Kreasindo Tbk Pt (MHKI)?
The market capitalisation of Multi Hanna Kreasindo Tbk Pt is 341B IDR (≈ $19.0M). 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 Multi Hanna Kreasindo Tbk Pt (MHKI)?
The price-to-sales ratio of Multi Hanna Kreasindo Tbk Pt is 1.76 (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 Multi Hanna Kreasindo Tbk Pt (MHKI)?
Earnings per share at Multi Hanna Kreasindo Tbk Pt are 6.61 IDR (price ÷ EPS = P/E 13.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Multi Hanna Kreasindo Tbk Pt (MHKI)?
The dividend yield of Multi Hanna Kreasindo Tbk Pt is 2.3% (payout 31.8%). 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 Multi Hanna Kreasindo Tbk Pt (MHKI)?
The net margin of Multi Hanna Kreasindo Tbk Pt is 12.7% (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 Multi Hanna Kreasindo Tbk Pt (MHKI)?
The return on equity (ROE) of Multi Hanna Kreasindo Tbk Pt is 5.2% (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 Multi Hanna Kreasindo Tbk Pt (MHKI)?
On an EBIT basis the return on assets of Multi Hanna Kreasindo Tbk Pt is 11.9% (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 Multi Hanna Kreasindo Tbk Pt (MHKI)?
The operating margin of Multi Hanna Kreasindo Tbk Pt is −1.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Multi Hanna Kreasindo Tbk Pt (MHKI)?
Revenue at Multi Hanna Kreasindo Tbk Pt is growing −10.5% versus a year earlier (3y avg +17.2%). 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 Multi Hanna Kreasindo Tbk Pt (MHKI)?
Earnings per share at Multi Hanna Kreasindo Tbk Pt are growing −89.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Multi Hanna Kreasindo Tbk Pt (MHKI) hold?
Multi Hanna Kreasindo Tbk Pt holds more cash than debt, 114B IDR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Nov 4, 2026