Megapower Makmur TBK PT (MPOW) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Megapower Makmur TBK PT stock IDR 128, price IDR 69, upside +85.1%, quality 49 out of 100. Rating: strongly undervalued. 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 50.00 IDR – 165.00 IDR · fair‑value band 95.43 IDR – 173.51 IDR · the 69.00 IDR price screens below the 127.74 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
Follow Megapower Makmur TBK PT in your weekly email
Every Wednesday you see whether Megapower Makmur TBK PT is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
PT Megapower Makmur Tbk operates as an independent power producer company in Indonesia. The company generates electricity from hydro, diesel, and solar sources.
Show moreShow less
It also engages in investment holdings, civil engineering and building management, development and property management, toll road concessions, mining, building materials industry, and power plants, as well as in the operation, maintenance, and repair of the power plants; technical support; and management and training of the plant personnel.
The company was founded in 2007 and is headquartered in Jakarta Utara, Indonesia.
Stock analysis
Megapower Makmur TBK PT (MPOW) currently trades at 69.00 IDR, while our model-based Fair Value estimate is 127.74 IDR, implying the stock looks roughly 46% undervalued today.
Show more
Valuation
Bull case: the Growth DCF group reads highest at a median of 120.34 IDR per share, and 9 of the 11 models we run sit above the 69.00 IDR price.
Bear case: the Asset-Based group reads lowest at 85.32 IDR, and 2 of the 11 models stay below the price. Data coverage for this calculation is low.
Scenario range: 95.43 IDR (bear) to 173.51 IDR (bull), the price of 69.00 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 49/100 (below-average quality), in the Utilities sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Megapower Makmur TBK PT reported revenue of 34.0B IDR in FY2025 versus 42.0B IDR in FY2021, a compound −5.1%/yr. Reported net income was −11.2B IDR in FY2025.
Key figures
Market cap 57.1B IDR (≈ $3.2M) Micro · P/S ratio 2.56 · EPS (TTM) 6.58 IDR · Net margin −32.9% · Return on equity −16.5% · Return on assets (EBIT) −1.7% (5-year average) · Operating margin −65.6% · Revenue (TTM) 26.2B IDR.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 12 out of 100 (low confidence).
What moves the price
The share trades about 58% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −23% fair-value upside, at 85%, MPOW screens cheaper than that median.
Fair Value models
Bear95.43 IDRFair Value 127.74 IDRBull173.51 IDR
Price 69.00 IDR · Upside +85.1%
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 (5.64 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.29/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+4.0%
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.
−5.3%
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.
−2.6%
Start year 2020 (pandemic)
Revenue growth 9 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.
−6.0%
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
Profit margin (trend) ⓘ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.
8.3% (2020) → −19.5% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Price in line with expectations
The price assumes about as much growth as 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).
−0.6%
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 −3.1% a year for the price.
Compare Megapower Makmur TBK PT with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Utilities - Independent Power Producers · 77 stocks
Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score49 · Above median
Fair Value upside+85.1% · Top 25%
Profitability
Return on assets−8.0% · Bottom 25%
Net margin (12 months)−66.9% · Bottom 25%
Operating margin (12 months)−65.6% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−40.4% · Bottom 25%
Balance sheet
Debt / equity0.02× · Lowest 25%
Valuation Multiplesvs Utilities - Independent Power Producers 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.
Is Megapower Makmur TBK PT (MPOW) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 127.74 IDR versus a price of 69.00 IDR, about +85% upside (undervalued).
What is the fair value of MPOW?
Our model-based fair value for Megapower Makmur TBK PT is 127.74 IDR (as of Nov 7, 2026), built from audited fundamentals. The current price: 69.00 IDR.
What is the quality score of MPOW?
Megapower Makmur TBK PT has a Quality Score of 49/100. 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 Megapower Makmur TBK PT (MPOW)?
Our model-based price target is the fair value of 127.74 IDR (as of Nov 7, 2026) from 11 valuation models. Cautious scenario 95.43 IDR, optimistic scenario 173.51 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Megapower Makmur TBK PT stock forecast for 2026?
Our models put fair value at 127.74 IDR, about +85% upside versus a price of 69.00 IDR (undervalued). Cautious scenario 95.43 IDR, optimistic scenario 173.51 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Megapower Makmur TBK PT (MPOW)?
Megapower Makmur TBK PT reported trailing-twelve-month revenue of about 26.2B IDR (latest available figure, as of Nov 7, 2026).
What growth is priced into Megapower Makmur TBK PT (MPOW)?
For today's price to be fair in a discounted-cash-flow model, Megapower Makmur TBK PT would have to grow free cash flow by -0.6 % per year for five years (discount rate 10.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -2.6 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of MPOW use?
Our models discount Megapower Makmur TBK PT at 10.5 %: a base by market capitalisation (nano), damped by beta 0.08, 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 Megapower Makmur TBK PT that is -0.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.5 %) and the same formula as our fair value.
How much growth has Megapower Makmur TBK PT (MPOW) delivered so far?
Over the past 5 years revenue at Megapower Makmur TBK PT grew -2.6 % a year. The price currently implies free-cash-flow growth of -0.6 % 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 Megapower Makmur TBK PT (MPOW) growing?
The median revenue growth in the sector is +4.8 % a year. That is the yardstick for the growth priced into Megapower Makmur TBK PT (-0.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Megapower Makmur TBK PT (MPOW)?
The free-cash-flow yield on the price is 15.63 %: that much free cash flow Megapower Makmur TBK PT produces per unit of market value. When it exceeds the discount rate of our models (10.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Megapower Makmur TBK PT (MPOW)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Megapower Makmur TBK PT it is 127.74 IDR per share (as of Nov 7, 2026), against a price of 69.00 IDR. It is the blended result of 11 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Megapower Makmur TBK PT stock overvalued or undervalued in 2026?
As of Nov 7, 2026, MPOW trades below its calculated fair value: price 69.00 IDR, fair value 127.74 IDR, a gap of about +85% (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 MPOW?
No. The price is what the market pays today (69.00 IDR); the fair value is what the company's own numbers justify (127.74 IDR). For Megapower Makmur TBK PT the two are 58.74 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Megapower Makmur TBK PT worth?
The market values Megapower Makmur TBK PT at about 57.1B IDR (market capitalisation, as of Nov 7, 2026). Per share that is 69.00 IDR; our models calculate a fair value of 127.74 IDR per share.
What do the bullish and bearish scenarios say about MPOW?
Our models span a range for Megapower Makmur TBK PT: cautious scenario 95.43 IDR, base 127.74 IDR, optimistic 173.51 IDR per share (as of Nov 7, 2026, price 69.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Megapower Makmur TBK PT (MPOW)?
Balance-sheet figures for Megapower Makmur TBK PT (as of Nov 7, 2026): return on equity −16.5%, debt of 0.02 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is MPOW from its 52-week high?
Megapower Makmur TBK PT trades at 69.00 IDR, about 58% below its 52-week high of 165.00 IDR and 3% above the low of 67.00 IDR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 127.74 IDR is for.
Which stocks are comparable to Megapower Makmur TBK PT?
From the same area (Utilities) we also value Constellation Energy Corporation, Vistra Corp, Adani Power Limited, CGN Power Co, 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 Megapower Makmur TBK PT stock attractive at the current price?
The data as of Nov 7, 2026: price 69.00 IDR, calculated fair value 127.74 IDR (+85%), Quality Score 49/100, 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 MPOW calculated?
We run Megapower Makmur TBK PT through 11 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of 127.74 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. Megapower Makmur TBK PT currently trades 46% 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 Megapower Makmur TBK PT (MPOW)?
The closing price on Nov 6, 2026 was 69.00 IDR. Our model-based fair value is 127.74 IDR, about +85% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Megapower Makmur TBK PT right now?
The large discount to fair value meets weak quality (49/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (95.43 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. A fairly wide model range (95.43 IDR to 173.51 IDR) leaves room in how you read the outcome.
Key figures of Megapower Makmur TBK PT
How large is the market capitalisation of Megapower Makmur TBK PT (MPOW)?
The market capitalisation of Megapower Makmur TBK PT is 57.1B IDR (≈ $3.2M). 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 Megapower Makmur TBK PT (MPOW)?
The price-to-sales ratio of Megapower Makmur TBK PT is 2.56 (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 Megapower Makmur TBK PT (MPOW)?
Earnings per share at Megapower Makmur TBK PT are 6.58 IDR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Megapower Makmur TBK PT (MPOW)?
The net margin of Megapower Makmur TBK PT is −32.9% (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 Megapower Makmur TBK PT (MPOW)?
The return on equity (ROE) of Megapower Makmur TBK PT is −16.5% (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 Megapower Makmur TBK PT (MPOW)?
On an EBIT basis the return on assets of Megapower Makmur TBK PT is −1.7% (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 Megapower Makmur TBK PT (MPOW)?
The operating margin of Megapower Makmur TBK PT is −65.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Megapower Makmur TBK PT (MPOW)?
Revenue at Megapower Makmur TBK PT is growing −40.4% versus a year earlier (3y avg −5.3%). 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 Megapower Makmur TBK PT (MPOW)?
Earnings per share at Megapower Makmur TBK PT are growing −65.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Megapower Makmur TBK PT (MPOW) carry?
The net debt of Megapower Makmur TBK PT is 31.6B IDR (fiscal year 2025, ≈ 3.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Megapower Makmur TBK PT in the live analysis
One click puts Megapower Makmur TBK PT on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Thin data
Nov 7, 2026