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PT MNC Tourism Indonesia Tbk, (KPIG) Fair Value & Analysis

Real Estate · ID · Market cap 8.5T IDR

PM PT MNC Tourism Indonesia Tbk, KPIG · JK
Price77.00 IDR
Fair Value99.37 IDR
Upside+29.1%
Quality45/100
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Mixed Growth
Highly profitable · 27.7% net margin
Low debt · generates free cash flow
Ranks above peers (8/13)
Moderate moat 45/100
Evidence: High Range 49.87 IDR – 169.20 IDR Share as image

Fair value as of: Jul 12, 2026

From 14 valuation models · updated 28 days ago

Fair value updated Jul 12, 2026, revised from 106.79 IDR to 99.37 IDR (−6.9%) since Jun 26, 2026.

Below-average quality, screening 29% undervalued on our models.

What matters now

  • The model range is unusually wide (49.87 IDR to 169.20 IDR). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (45/100) at a price below fair value, the discount is the argument here, not the business quality.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

286.00 IDR 50.00 IDR Fair Value 99.37 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range 50.00 IDR – 286.00 IDR · fair‑value band 49.87 IDR – 169.20 IDR · the 77.00 IDR price screens below the 99.37 IDR fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

PT MNC Tourism Indonesia Tbk, (KPIG) currently trades at 77.00 IDR, while our model-based Fair Value estimate is 99.37 IDR, implying the stock looks roughly 29.1% undervalued today. The Quality Score stands at 45/100 (below-average quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, PT MNC Tourism Indonesia Tbk, generated revenue of 2.7T IDR at a net margin of 27.7%. Revenue grew 26.8% year over year. It earns a return on equity of 2.6%. Net debt stands at 5.8T IDR. Fundamentals as of Jul 12, 2026

Our scenario range runs from 49.87 IDR (bear case) to 169.20 IDR (bull case); at 77.00 IDR, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 74% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -13% fair-value upside, at 29%, KPIG screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 2.24 IDR 28.43 IDR 80
Residual Income 191.28 IDR 184.71 IDR 154.21 IDR 76
Rev-Margin DCF 29.96 IDR 87.63 IDR 207.42 IDR 74
All 14 models by family
DCF Models
FCF DCF 27.43 IDR 38
5Y Revenue Exit 23.87 IDR 73.30 IDR 177.74 IDR 39
5Y EBITDA Exit 51.76 IDR 129.71 IDR 283.22 IDR 41
10Y Revenue Exit 12.27 IDR 87.90 IDR 144.73 IDR 36
10Y EBITDA Exit 35.82 IDR 149.37 IDR 358.80 IDR 37
Multiples
P/S Multiple 85.21 IDR 113.62 IDR 142.02 IDR 58
P/B Multiple 85.21 IDR 113.62 IDR 142.02 IDR 55
EV/EBIT 76.59 IDR 111.36 IDR 146.14 IDR 53
EV/EBITDA 70.00 IDR 102.58 IDR 135.16 IDR 54
EV/Revenue 29.79 IDR 54.45 IDR 79.12 IDR 43
Asset-Based
NCAV (Graham) 131.78 IDR 176.59 IDR 263.57 IDR 50
Growth DCF
Growth DCF 2.24 IDR 28.43 IDR 80
Rev-Margin DCF 29.96 IDR 87.63 IDR 207.42 IDR 74
Economic Profit
Residual Income 191.28 IDR 184.71 IDR 154.21 IDR 76

Widest divergence: Economic Profit (184.71 IDR) versus Growth DCF (2.24 IDR). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 2.7T IDR
Revenue growth (YoY) +26.8%
Net margin 27.7%
Return on equity 2.6%
Free cash flow 91.7B IDR FY2025
P/E ratio 10.2
More key figures
Operating margin 12.2%
EPS (TTM) 7.62 IDR
EPS growth (YoY) +74.0%
Net debt 5.8T IDR FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 45/100

Of which business quality 46 · Market factors (momentum, volatility) 17

Profitability 32
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 38
Earnings quality: real cash, not paper profit
Fin. Strength 55
Balance sheet, leverage, solvency risk
Investment 54
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 5
Price trend over the last 3–12 months (market factor)
52W Momentum 2
Distance to the 52-week high (market factor)
Net Issuance 45
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

PT MNC Tourism Indonesia Tbk, together with its subsidiaries, engages in hospitality, amusement, and property management activities in Indonesia. It operates through the Hotel, Resort and Gold; Property Management and Other Services; Office Space Rental; and Apartment and Other Properties segments.

Full company description

PT MNC Tourism Indonesia Tbk, together with its subsidiaries, engages in hospitality, amusement, and property management activities in Indonesia. It operates through the Hotel, Resort and Gold; Property Management and Other Services; Office Space Rental; and Apartment and Other Properties segments. The company is involved in property management and development, golf course, natural conservation park, theme park, food and beverage, convention, and investing businesses; and edutainment garden activities. It also provides manpower supply, security, and housekeeping services. The company was formerly known as PT MNC Land Tbk and changed its name to PT MNC Tourism Indonesia Tbk in July 2025. PT MNC Tourism Indonesia Tbk was founded in 1990 and is based in Jakarta, Indonesia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT MNC Tourism Indonesia Tbk, reported revenue of 2.6T IDR in FY2025 versus 700B IDR in FY2021, a compound +39.0%/yr. Reported net income was 717B IDR in FY2025, compounding +38.3%/yr from FY2021.

Growth Quality 61/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
2.6T IDR
Latest YoY
+47.7%
Avg. growth/yr (3Y)
+32.6%
Avg. growth/yr (5Y)
+31.0%
Avg. growth/yr (25Y)
+23.8%
Revenue +39.0%/yr
FY21 700B IDR
FY22 1.1T IDR
FY23 1.4T IDR
FY24 1.8T IDR
FY25 2.6T IDR
Net income +38.3%/yr
FY21 196B IDR
FY22 178B IDR
FY23 330B IDR
FY24 659B IDR
FY25 717B IDR

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Cite: Fair Value Calculator (2026). "PT MNC Tourism Indonesia Tbk, Fair Value". https://www.fairvalue-calculator.com/stock/KPIG

Peer Group

Real Estate Services · 521 stocks

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.

Quality Score 47 · Below median
Fair Value upside +29% · Above median
Return on equity (TTM) 3% · Below median
Return on assets 1% · Below median
Net margin (TTM) 28% · Above median
Operating margin (TTM) 12% · Below median
Revenue growth 27% · Top 25%
Debt / equity 0.11× · Lower than median

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/E (TTM) 10.4× · Cheaper than median
P/B 0.30× · Cheaper than 75% of peers
P/S (TTM) 3.09× · Pricier than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 13.4× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 72 · sector 37
FUTURE 100 · sector 10
PAST 10 · sector 16
HEALTH 94 · sector 85
DIVIDEND 0 · sector 49

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
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KE Holdings 2423 HK$44.76 HK$18.03 -60%
Swire Properties Limited 1972 HK$23.90 HK$18.75 -22%
China Resources Mixc Lifestyle Services Limited 1209 HK$39.92 HK$34.92 -13%
Plaza S.A MALLPLAZA 3,725 CLP 5,571 CLP +50%
SAGAA SAGAA kr 170.00 kr 75.55 -56%
Cencosud Shopping S.A CENCOMALLS 2,324 CLP 2,976 CLP +28%
WHA Corporation WHAR 5.45 THB 4.14 THB -24%
PT Sarana Menara Nusantara Tbk. owns and TOWR 372.00 IDR 1,208 IDR +225%
PT Metropolitan Kentjana Tbk MKPI 20,975 IDR 19,160 IDR -9%

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Frequently asked questions

Is PT MNC Tourism Indonesia Tbk, (KPIG) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of 99.37 IDR versus a price of 77.00 IDR, about +29% (undervalued).
What is the fair value of KPIG?
Our model-based fair value for PT MNC Tourism Indonesia Tbk, is 99.37 IDR (as of Jul 12, 2026), built from audited fundamentals. The current price is 77.00 IDR.
What is the quality score of KPIG?
PT MNC Tourism Indonesia Tbk, has a Quality Score of 45/100. 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 revenue of PT MNC Tourism Indonesia Tbk, (KPIG)?
PT MNC Tourism Indonesia Tbk, reported trailing-twelve-month revenue of about 2.7T IDR (latest available figure, as of Jul 12, 2026).
What is the net profit margin of KPIG?
The net profit margin of PT MNC Tourism Indonesia Tbk, is about 27.7%, meaning it keeps roughly 27.7% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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