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PT Map Aktif Adiperkasa Tbk (MAPA) Fair Value & Analysis

Consumer Cyclical · ID · Market cap 17.5T IDR

PM PT Map Aktif Adiperkasa Tbk MAPA · JK
Price675.00 IDR
Fair Value1,328 IDR
Upside+96.8%
Quality68/100
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Healthy Growth
Thin margins · 9.3% net margin
Low debt · generates free cash flow
Ranks above peers (11/15)
Moderate moat 64/100
Evidence: High Range 996.17 IDR – 2,449 IDR Share as image

Fair value as of: Jul 18, 2026

From 26 valuation models · updated 23 days ago

Share price +12.5% over the past month.

A solid business, screening 97% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (996.17 IDR). The market is more pessimistic than our downside scenario.
  • Solid quality (68/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (996.17 IDR to 2,449 IDR) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

1,119 IDR 143.86 IDR Fair Value 1,328 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range 143.86 IDR – 1,119 IDR · fair‑value band 996.17 IDR – 2,449 IDR · the 675.00 IDR price screens below the 1,328 IDR fair value. Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

PT Map Aktif Adiperkasa Tbk (MAPA) currently trades at 675.00 IDR, while our model-based Fair Value estimate is 1,328 IDR, implying the stock looks roughly 96.8% undervalued today. The Quality Score stands at 68/100 (solid quality), in the Consumer Cyclical 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 Map Aktif Adiperkasa Tbk generated revenue of 19.9T IDR at a net margin of 9.3%. Revenue grew 14.7% year over year. It earns a return on equity of 21.8%. Net debt stands at 420B IDR. Fundamentals as of Jul 18, 2026

Our scenario range runs from 996.17 IDR (bear case) to 2,449 IDR (bull case); at 675.00 IDR, the current price sits below 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 25% below its 52-week high and 32% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -24% fair-value upside, at 97%, MAPA 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 1,377 IDR 2,617 IDR 5,230 IDR 80
Residual Income 431.67 IDR 610.07 IDR 3,577 IDR 76
Rev-Margin DCF 874.36 IDR 1,637 IDR 2,864 IDR 74
All 26 models by family
DCF Models
FCF DCF 1,458 IDR 2,320 IDR 5,138 IDR 38
Owner Earnings 1,345 IDR 3,083 IDR 6,894 IDR 31
5Y Revenue Exit 874.36 IDR 1,436 IDR 2,575 IDR 39
5Y EBITDA Exit 1,392 IDR 2,507 IDR 4,643 IDR 41
5Y P/E Exit 1,167 IDR 2,428 IDR 4,105 IDR 38
10Y Revenue Exit 1,015 IDR 1,969 IDR 2,680 IDR 36
10Y EBITDA Exit 1,423 IDR 3,065 IDR 6,126 IDR 37
10Y P/E Exit 1,257 IDR 2,588 IDR 4,900 IDR 35
Earnings-Based
Graham-Dodd 410.54 IDR 2,863 IDR 4,018 IDR 54
Lynch FV 990.19 IDR 1,415 IDR 1,839 IDR 50
PEG = 1.0 990.19 IDR 1,415 IDR 1,839 IDR 46
EPV 774.70 IDR 902.40 IDR 1,016 IDR 59
Dividend Discount
Gordon GGM 38.48 IDR 84.00 IDR 141.33 IDR 70
DDM Multi-Stage 38.48 IDR 68.81 IDR 87.54 IDR 61
Multiples
P/E Multiple 996.17 IDR 1,328 IDR 1,660 IDR 63
P/S Multiple 608.75 IDR 811.67 IDR 1,015 IDR 58
P/B Multiple 769.77 IDR 1,026 IDR 1,283 IDR 55
EV/EBIT 1,299 IDR 1,715 IDR 2,130 IDR 53
EV/EBITDA 1,345 IDR 1,777 IDR 2,208 IDR 54
EV/Revenue 619.25 IDR 862.75 IDR 1,106 IDR 43
Asset-Based
NCAV (Graham) 152.87 IDR 204.85 IDR 305.75 IDR 50
Growth DCF
Growth DCF 1,377 IDR 2,617 IDR 5,230 IDR 80
Rev-Margin DCF 874.36 IDR 1,637 IDR 2,864 IDR 74
Economic Profit
Residual Income 431.67 IDR 610.07 IDR 3,577 IDR 76
ROIC Compounder 982.92 IDR 1,446 IDR 2,114 IDR 72
Growth Earnings
Growth-Adj P/E 1,319 IDR 1,884 IDR 2,449 IDR 68

Widest divergence: DCF Models (2,428 IDR) versus Dividend Discount (68.81 IDR). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 19.9T IDR
Revenue growth (YoY) +14.7%
Net margin 9.3%
Return on equity 21.8%
Free cash flow 2.2T IDR FY2025
P/E ratio 8.3
More key figures
Operating margin 12.2%
EPS (TTM) 64.98 IDR
EPS growth (YoY) +38.4%
Net debt 420B IDR FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 68/100

Of which business quality 70 · Market factors (momentum, volatility) 49

Profitability 78
Margins and returns on capital today
Quality Growth 62
Are margins and returns improving?
Cashflow 67
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 28
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 47
Distance to the 52-week high (market factor)
Net Issuance 82
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 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. The company was founded in 2015 and is headquartered in Jakarta Pusat, Indonesia.

Full company description

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. 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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Map Aktif Adiperkasa Tbk 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.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
19.3T IDR
Latest YoY
+12.2%
Avg. growth/yr (3Y)
+25.3%
Avg. growth/yr (5Y)
+32.2%
Avg. growth/yr (10Y)
+18.8%
Revenue +33.7%/yr
FY21 6.0T IDR
FY22 9.8T IDR
FY23 13.6T IDR
FY24 17.2T IDR
FY25 19.3T IDR
Net income +61.9%/yr
FY21 251B IDR
FY22 1.2T IDR
FY23 1.4T IDR
FY24 1.4T IDR
FY25 1.7T IDR

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Cite: Fair Value Calculator (2026). "PT Map Aktif Adiperkasa Tbk Fair Value". https://www.fairvalue-calculator.com/stock/MAPA

Peer Group

Specialty Retail · 221 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 68 · Top 25%
Fair Value upside +97% · Top 25%
Return on equity (TTM) 22% · Top 25%
Return on assets 12% · Top 25%
Net margin (TTM) 9% · Top 25%
Operating margin (TTM) 12% · Top 25%
Revenue growth 15% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Specialty Retail median · lower = cheaper

P/E (TTM) 9.5× · Cheaper than 75% of peers
P/B 2.01× · Pricier than median
P/S (TTM) 0.88× · Pricier than 75% of peers
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 5.0× · Cheaper than median
PEG 1.15× · Pricier 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 100 · sector 31
FUTURE 74 · sector 23
PAST 87 · sector 27
HEALTH 100 · sector 94
DIVIDEND 0 · sector 51

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 Specialty Retail stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Casey's General Stores, Inc CASY $827.04 $405.44 -51%
Williams-Sonoma, Inc WSM $222.84 $164.16 -26%
Ulta Beauty, Inc ULTA $479.57 $488.39 +2%
DICK'S Sporting Goods, Inc DKS $208.89 $181.10 -13%
Best Buy Co BBY $83.98 $109.12 +30%
China Tourism Group 601888 ¥52.90 ¥40.40 -24%
Tractor Supply Company TSCO $31.01 $35.52 +15%
Murphy USA Inc MUSA $618.57 $423.35 -32%
Five Below, Inc FIVE $197.71 $117.29 -41%
Taiwan Mobile Co 3045 110.50 TWD 80.98 TWD -27%

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Frequently asked questions

Is PT Map Aktif Adiperkasa Tbk (MAPA) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 1,328 IDR versus a price of 675.00 IDR, about +97% (undervalued).
What is the fair value of MAPA?
Our model-based fair value for PT Map Aktif Adiperkasa Tbk is 1,328 IDR (as of Jul 18, 2026), built from audited fundamentals. The current price is 675.00 IDR.
What is the quality score of MAPA?
PT Map Aktif Adiperkasa Tbk has a Quality Score of 68/100. 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 Map Aktif Adiperkasa Tbk (MAPA)?
PT Map Aktif Adiperkasa Tbk reported trailing-twelve-month revenue of about 19.9T IDR (latest available figure, as of Jul 18, 2026).
What is the net profit margin of MAPA?
The net profit margin of PT Map Aktif Adiperkasa Tbk is about 9.3%, meaning it keeps roughly 9.3% 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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