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PT Map Boga Adiperkasa Tbk, (MAPB) Fair Value & Analysis

Consumer Cyclical · ID · Market cap 2.2T IDR

PM PT Map Boga Adiperkasa Tbk, MAPB · JK
Price1,120 IDR
Fair Value2,132 IDR
Upside+90.4%
Quality52/100
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Mixed Growth
Loss-making · -4.5% net margin
Low debt · generates free cash flow
Mixed vs. peers (4/9)
Narrow moat 14/100
Evidence: Medium Range 1,586 IDR – 2,679 IDR Share as image

Fair value as of: Jul 16, 2026

From 13 valuation models · updated 25 days ago

Share price +33.3% over the past month.

A solid business, screening 90% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (1,586 IDR). The market is more pessimistic than our downside scenario.
  • Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

2,670 IDR 840.00 IDR Fair Value 2,132 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 840.00 IDR – 2,670 IDR · fair‑value band 1,586 IDR – 2,679 IDR · the 1,120 IDR price screens below the 2,132 IDR fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

PT Map Boga Adiperkasa Tbk, (MAPB) currently trades at 1,120 IDR, while our model-based Fair Value estimate is 2,132 IDR, implying the stock looks roughly 90.4% undervalued today. The Quality Score stands at 52/100 (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: medium), always confirm before acting.

Over the trailing twelve months, PT Map Boga Adiperkasa Tbk, generated revenue of 3.3T IDR at a net margin of -4.5%. Revenue grew 12.0% year over year. It earns a return on equity of -10.5%. Net debt stands at 130B IDR. Fundamentals as of Jul 16, 2026

Our scenario range runs from 1,586 IDR (bear case) to 2,679 IDR (bull case); at 1,120 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 54% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -47% fair-value upside, at 90%, MAPB 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 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
Highest evidence
Growth DCF 1,742 IDR 2,976 IDR 5,177 IDR 80
Rev-Margin DCF 1,383 IDR 2,218 IDR 3,282 IDR 74
Gordon GGM 58.81 IDR 128.40 IDR 216.03 IDR 70
All 13 models by family
DCF Models
FCF DCF 1,744 IDR 3,049 IDR 5,387 IDR 38
Owner Earnings 1,756 IDR 3,072 IDR 5,429 IDR 31
5Y Revenue Exit 1,383 IDR 2,231 IDR 3,364 IDR 39
5Y EBITDA Exit 1,691 IDR 2,858 IDR 4,307 IDR 41
10Y Revenue Exit 1,451 IDR 2,304 IDR 3,574 IDR 36
10Y EBITDA Exit 1,697 IDR 2,771 IDR 4,373 IDR 37
Dividend Discount
Gordon GGM 58.81 IDR 128.40 IDR 216.03 IDR 70
DDM Multi-Stage 58.81 IDR 105.18 IDR 133.81 IDR 61
Multiples
EV/EBITDA 1,797 IDR 2,344 IDR 2,890 IDR 54
EV/Revenue 1,235 IDR 1,696 IDR 2,158 IDR 43
Asset-Based
NCAV (Graham) 292.56 IDR 392.03 IDR 585.12 IDR 50
Growth DCF
Growth DCF 1,742 IDR 2,976 IDR 5,177 IDR 80
Rev-Margin DCF 1,383 IDR 2,218 IDR 3,282 IDR 74

Widest divergence: DCF Models (2,771 IDR) versus Dividend Discount (105.18 IDR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 3.3T IDR
Revenue growth (YoY) +12.0%
Net margin -4.5%
Return on equity -10.5%
Free cash flow 283B IDR FY2025
Operating margin -7.8%
More key figures
EPS (TTM) -63.02 IDR
EPS growth (YoY) +94.0%
Net debt 130B IDR FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 54 · Market factors (momentum, volatility) 24

Profitability 37
Margins and returns on capital today
Quality Growth 38
Are margins and returns improving?
Cashflow 51
Earnings quality: real cash, not paper profit
Fin. Strength 64
Balance sheet, leverage, solvency risk
Investment 81
Disciplined investing over empire-building
Low Volatility 60
Calm price path (market factor)
Momentum 7
Price trend over the last 3–12 months (market factor)
52W Momentum 9
Distance to the 52-week high (market factor)
Net Issuance 65
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 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.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Map Boga Adiperkasa Tbk, 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.

Growth Quality 57/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
3.2T IDR
Latest YoY
+0.2%
Avg. growth/yr (3Y) 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.
−2.0%
Avg. growth/yr (5Y) 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.
+9.6%
Avg. growth/yr (12Y) 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.
+12.8%
Revenue +7.4%/yr
FY21 2.4T IDR
FY22 3.4T IDR
FY23 4.0T IDR
FY24 3.2T IDR
FY25 3.2T IDR
Net income
FY21 −13.5B IDR
FY22 135B IDR
FY23 105B IDR
FY24 −146B IDR
FY25 −151B IDR

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

Peer Group

Restaurants · 227 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 52 · Below median
Fair Value upside +90% · Top 25%
Return on assets -3% · Bottom 25%
Net margin (TTM) -4% · Bottom 25%
Operating margin (TTM) -8% · Bottom 25%
Revenue growth 12% · Top 25%
Debt / equity 0.00× · Lower than median

Valuation Multiples vs Restaurants median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers

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 28
FUTURE 60 · sector 20
PAST 0 · sector 16
HEALTH 100 · sector 97
DIVIDEND 0 · sector 58

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 Restaurants stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
McDonald's Corporation MCDS C$24.01 C$10.84 -55%
Starbucks Corporation SBUX $105.49 $35.83 -66%
Chipotle Mexican Grill, Inc CMG $34.63 $18.43 -47%
Yum! Brands, Inc YUM $163.54 $59.66 -64%
Restaurant Brands International Inc QSR C$104.19 C$36.37 -65%
Darden Restaurants, Inc DRI $195.74 $173.68 -11%
Yum China Holdings YUMC $43.90 $55.10 +26%
Texas Roadhouse, Inc TXRH $197.03 $104.89 -47%
Dutch Bros Inc BROS $68.36 $12.80 -81%
Domino's Pizza, Inc DPZ $322.18 $231.96 -28%

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Frequently asked questions

Is PT Map Boga Adiperkasa Tbk, (MAPB) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 2,132 IDR versus a price of 1,120 IDR, about +90% (undervalued).
What is the fair value of MAPB?
Our model-based fair value for PT Map Boga Adiperkasa Tbk, is 2,132 IDR (as of Jul 16, 2026), built from audited fundamentals. The current price is 1,120 IDR.
What is the quality score of MAPB?
PT Map Boga Adiperkasa Tbk, 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 revenue of PT Map Boga Adiperkasa Tbk, (MAPB)?
PT Map Boga Adiperkasa Tbk, reported trailing-twelve-month revenue of about 3.3T IDR (latest available figure, as of Jul 16, 2026).
What is the net profit margin of MAPB?
The net profit margin of PT Map Boga Adiperkasa Tbk, is about -4.5%, meaning it is currently running at a net loss. 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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