Map Boga Adiperkasa Tbk PT (MAPB) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Map Boga Adiperkasa Tbk PT IDR 1,910, price IDR 1,010, upside +89.2%, quality 52 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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PT Map Boga Adiperkasa Tbk, together with its subsidiaries, engages in the cafe and restaurant business in Indonesia. The company operates through Beverages, Foods, and Others segments.
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PT Map Boga Adiperkasa Tbk, together with its subsidiaries, engages in the cafe and restaurant business in Indonesia. The company operates through Beverages, Foods, and Others segments. Its cafe and restaurant portfolio includes the Starbucks, Pizza Express/Pizza Marzano, Krispy Kreme, Cold Stone Creamery, GODIVA Chocolatier, PAUL Bakery, Genki Sushi, Subway, and Toast Box brands. The company was formerly known as PT Creasi Aksesoris Indonesia and changed its name to PT Map Boga Adiperkasa Tbk in March 2016. The company was incorporated in 2013 and is headquartered in Jakarta Pusat, Indonesia. PT Map Boga Adiperkasa Tbk operates as a subsidiary of PT. Mitra Adiperkasa Tbk.
Stock analysis
Map Boga Adiperkasa Tbk PT (MAPB) currently trades at 1,010 IDR, while our model-based Fair Value estimate is 1,910 IDR, implying the stock looks roughly 47.1% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 2,022 IDR per share, and 10 of the 11 models we run sit above the 1,010 IDR price.
Bear case: the Asset-Based group reads lowest at 392.03 IDR, and 1 of the 11 models stay below the price. Evidence for this calculation is low.
Scenario range: 1,264 IDR (bear) to 2,679 IDR (bull), the price of 1,010 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 52/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Map Boga Adiperkasa Tbk PT reported revenue of 3.2T IDR in FY2025 versus 2.4T IDR in FY2021, a compound +7.4%/yr. Reported net income was −151B IDR in FY2025.
Key figures
Market cap 2.4T IDR (≈ $135M) · P/S ratio 0.66 · EPS (TTM) −63.02 IDR · Net margin −4.7% · Return on equity −10.5% · Return on assets (EBIT) 1.5% · Operating margin −7.8% · Revenue (TTM) 3.3T IDR.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 41% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −22% fair-value upside, at 89%, MAPB screens cheaper than that median.
Fair Value models
Bear 1,264 IDRFair Value 1,910 IDRBull 2,679 IDR
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+0.2%
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.
−2.0%
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.
+9.6%
Start year 2020 (pandemic). Over 10 years: +9.4% a year
Revenue growth 12 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.
+12.8%
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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.
−7.2% (2020) → −4.1% (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
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).
−2.2%
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 −4.7% a year for the price.
Compare Map Boga 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.Restaurants · 226 stocks
Beats the industry median on 4/8 measures
A mixed picture versus its industry peers.
Valuation
Quality Score52 · Below median
Fair Value upside+89% · Top 25%
Profitability
Return on assets−3% · Bottom 25%
Net margin (TTM)−4% · Bottom 25%
Operating margin (TTM)−8% · Bottom 25%
Growth and dividend
Revenue growth12% · Top 25%
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Restaurants 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.
Cite: Fair Value Calculator (2026). "Map Boga Adiperkasa Tbk PT Fair Value". https://www.fairvalue-calculator.com/stock/MAPB
Frequently asked questions
Is Map Boga Adiperkasa Tbk PT (MAPB) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 1,910 IDR versus a price of 1,010 IDR, about +89% upside (undervalued).
What is the fair value of MAPB?
Our model-based fair value for Map Boga Adiperkasa Tbk PT is 1,910 IDR (as of Sep 24, 2026), built from audited fundamentals. The current price: 1,010 IDR.
What is the quality score of MAPB?
Map Boga Adiperkasa Tbk PT has a Quality Score of 52/100. 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 Boga Adiperkasa Tbk PT (MAPB)?
Our model-based price target is the fair value of 1,910 IDR (as of Sep 24, 2026) from 11 valuation models. Cautious scenario 1,264 IDR, optimistic scenario 2,679 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Map Boga Adiperkasa Tbk PT stock forecast for 2026?
Our models put fair value at 1,910 IDR, about +89% upside versus a price of 1,010 IDR (undervalued). Cautious scenario 1,264 IDR, optimistic scenario 2,679 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Map Boga Adiperkasa Tbk PT (MAPB)?
Map Boga Adiperkasa Tbk PT reported trailing-twelve-month revenue of about 3.3T IDR (latest available figure, as of Sep 24, 2026).
What growth is priced into Map Boga Adiperkasa Tbk PT (MAPB)?
For today's price to be fair in a discounted-cash-flow model, Map Boga Adiperkasa Tbk PT would have to grow free cash flow by -2.2 % per year for five years (discount rate 13.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of MAPB use?
Our models discount Map Boga Adiperkasa Tbk PT at 13.5 %: a base by market capitalisation (micro), damped by beta 0.36, 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 Boga Adiperkasa Tbk PT that is -2.2 % per year a year over ten years, using the same discount rate (13.5 %) and the same formula as our fair value.
How much growth has Map Boga Adiperkasa Tbk PT (MAPB) delivered so far?
Over the past 5 years revenue at Map Boga Adiperkasa Tbk PT grew +9.6 % a year. The price currently implies -2.2 % per year free-cash-flow growth a 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 Boga Adiperkasa Tbk PT (MAPB) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into Map Boga Adiperkasa Tbk PT (-2.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Map Boga Adiperkasa Tbk PT (MAPB)?
The free-cash-flow yield on the price is 11.72 %: that much free cash flow Map Boga Adiperkasa Tbk PT produces per unit of market value. When it exceeds the discount rate of our models (13.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Map Boga Adiperkasa Tbk PT (MAPB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Map Boga Adiperkasa Tbk PT it is 1,910 IDR per share (as of Sep 24, 2026), against a price of 1,010 IDR. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is Map Boga Adiperkasa Tbk PT stock overvalued or undervalued in 2026?
As of Sep 24, 2026, MAPB trades below its calculated fair value: price 1,010 IDR, fair value 1,910 IDR, a gap of about +89% (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 MAPB?
No. The price is what the market pays today (1,010 IDR); the fair value is what the company's own numbers justify (1,910 IDR). For Map Boga Adiperkasa Tbk PT the two are 900.37 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Map Boga Adiperkasa Tbk PT worth?
The market values Map Boga Adiperkasa Tbk PT at about 2.4T IDR (market capitalisation, as of Sep 24, 2026). Per share that is 1,010 IDR; our models calculate a fair value of 1,910 IDR per share.
What do the bullish and bearish scenarios say about MAPB?
Our models span a range for Map Boga Adiperkasa Tbk PT: cautious scenario 1,264 IDR, base 1,910 IDR, optimistic 2,679 IDR per share (as of Sep 24, 2026, price 1,010 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Map Boga Adiperkasa Tbk PT (MAPB)?
Balance-sheet figures for Map Boga Adiperkasa Tbk PT (as of Sep 24, 2026): return on equity −10.5%, debt of 0.00 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is MAPB from its 52-week high?
Map Boga Adiperkasa Tbk PT trades at 1,010 IDR, about 41% below its 52-week high of 1,700 IDR and 20% above the low of 840.00 IDR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 1,910 IDR is for.
Which stocks are comparable to Map Boga Adiperkasa Tbk PT?
From the same area (Consumer Cyclical) we also value McDonald's Corporation, Starbucks Corporation, Chipotle Mexican Grill, Inc, Yum! Brands, 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 Boga Adiperkasa Tbk PT stock attractive at the current price?
The data as of Sep 24, 2026: price 1,010 IDR, calculated fair value 1,910 IDR (+89%), Quality Score 52/100, 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 MAPB calculated?
We run Map Boga Adiperkasa Tbk PT through 11 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 1,910 IDR, 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 14.0 % above its aggregate fair value. Map Boga Adiperkasa Tbk PT currently trades 89 % 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 Boga Adiperkasa Tbk PT (MAPB)?
The closing price on Sep 24, 2026 was 1,010 IDR. Our model-based fair value is 1,910 IDR, about +89% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Map Boga Adiperkasa Tbk PT right now?
The price is below even our cautious bear case (1,264 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 (52/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (1,264 IDR to 2,679 IDR) leaves room in how you read the outcome.
Key figures of Map Boga Adiperkasa Tbk PT
How large is the market capitalisation of Map Boga Adiperkasa Tbk PT (MAPB)?
The market capitalisation of Map Boga Adiperkasa Tbk PT is 2.4T IDR (≈ $135M). 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 Boga Adiperkasa Tbk PT (MAPB)?
The price-to-sales ratio of Map Boga Adiperkasa Tbk PT is 0.66 (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 Boga Adiperkasa Tbk PT (MAPB)?
Earnings per share at Map Boga Adiperkasa Tbk PT are −63.02 IDR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Map Boga Adiperkasa Tbk PT (MAPB)?
The net margin of Map Boga Adiperkasa Tbk PT is −4.7% (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 Map Boga Adiperkasa Tbk PT (MAPB)?
The return on equity (ROE) of Map Boga Adiperkasa Tbk PT is −10.5% (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 Map Boga Adiperkasa Tbk PT (MAPB)?
On an EBIT basis the return on assets of Map Boga Adiperkasa Tbk PT is 1.5% (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 Boga Adiperkasa Tbk PT (MAPB)?
The operating margin of Map Boga Adiperkasa Tbk PT is −7.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Map Boga Adiperkasa Tbk PT (MAPB)?
Revenue at Map Boga Adiperkasa Tbk PT is growing +12.0% versus a year earlier (3y avg −2.0%). 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 Boga Adiperkasa Tbk PT (MAPB)?
Earnings per share at Map Boga Adiperkasa Tbk PT are growing +94.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Map Boga Adiperkasa Tbk PT (MAPB) carry?
The net debt of Map Boga Adiperkasa Tbk PT is 130B IDR (fiscal year 2025, ≈ 0.5 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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