EN DE

PT. Mitra Adiperkasa Tbk (MAPI) Fair Value & Analysis

Consumer Cyclical · ID · Market cap 25.3T IDR

PM PT. Mitra Adiperkasa Tbk MAPI · JK
Price1,605 IDR
Fair Value2,957 IDR
Upside+84.2%
Quality60/100
Watch PT. Mitra Adiperkasa Tbk for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Thin margins · 5.2% net margin
Low debt · generates free cash flow
Ranks above peers (12/15)
Moderate moat 48/100
Evidence: Medium Range 2,218 IDR – 4,180 IDR Share as image

Fair value as of: Jul 13, 2026

From 26 valuation models · updated 28 days ago

Share price +6.3% over the past month.

A solid business, screening 84% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (2,218 IDR). The market is more pessimistic than our downside scenario.
  • Solid quality (60/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (2,218 IDR to 4,180 IDR) leaves room in how you read the outcome.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

1,989 IDR 604.52 IDR Fair Value 2,957 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

60‑month range 604.52 IDR – 1,989 IDR · fair‑value band 2,218 IDR – 4,180 IDR · the 1,605 IDR price screens below the 2,957 IDR fair value. Dashed = 300-day average. As of Jul 13, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

PT. Mitra Adiperkasa Tbk (MAPI) currently trades at 1,605 IDR, while our model-based Fair Value estimate is 2,957 IDR, implying the stock looks roughly 84.2% undervalued today. The Quality Score stands at 60/100 (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. Mitra Adiperkasa Tbk generated revenue of 46.1T IDR at a net margin of 5.2%. Revenue grew 32.0% year over year. It earns a return on equity of 17.6%. Net debt stands at 2.7T IDR. Fundamentals as of Jul 13, 2026

Our scenario range runs from 2,218 IDR (bear case) to 4,180 IDR (bull case); at 1,605 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 near its 52-week high and 61% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 50% fair-value upside, at 84%, MAPI 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 3,850 IDR 7,755 IDR 14,234 IDR 80
Residual Income 936.39 IDR 1,291 IDR 5,236 IDR 76
Rev-Margin DCF 2,935 IDR 5,029 IDR 7,941 IDR 74
All 26 models by family
DCF Models
FCF DCF 3,934 IDR 7,268 IDR 15,699 IDR 38
Owner Earnings 3,684 IDR 7,340 IDR 14,641 IDR 31
5Y Revenue Exit 2,935 IDR 5,103 IDR 8,154 IDR 39
5Y EBITDA Exit 4,122 IDR 7,725 IDR 12,498 IDR 41
5Y P/E Exit 2,855 IDR 4,926 IDR 7,404 IDR 38
10Y Revenue Exit 3,138 IDR 5,420 IDR 9,187 IDR 36
10Y EBITDA Exit 4,052 IDR 7,466 IDR 13,170 IDR 37
10Y P/E Exit 3,168 IDR 5,281 IDR 8,499 IDR 35
Earnings-Based
Graham-Dodd 913.97 IDR 5,275 IDR 7,338 IDR 54
Lynch FV 1,488 IDR 2,126 IDR 2,764 IDR 50
PEG = 1.0 1,488 IDR 2,126 IDR 2,764 IDR 46
EPV 2,353 IDR 2,715 IDR 3,037 IDR 59
Dividend Discount
Gordon GGM 116.78 IDR 254.96 IDR 428.98 IDR 70
DDM Multi-Stage 116.78 IDR 208.85 IDR 265.71 IDR 61
Multiples
P/E Multiple 2,218 IDR 2,957 IDR 3,696 IDR 63
P/S Multiple 1,714 IDR 2,285 IDR 2,856 IDR 58
P/B Multiple 1,714 IDR 2,285 IDR 2,856 IDR 55
EV/EBIT 3,738 IDR 4,883 IDR 6,028 IDR 53
EV/EBITDA 4,388 IDR 5,749 IDR 7,111 IDR 54
EV/Revenue 2,483 IDR 3,418 IDR 4,352 IDR 43
Asset-Based
NCAV (Graham) 421.07 IDR 564.23 IDR 842.14 IDR 50
Growth DCF
Growth DCF 3,850 IDR 7,755 IDR 14,234 IDR 80
Rev-Margin DCF 2,935 IDR 5,029 IDR 7,941 IDR 74
Economic Profit
Residual Income 936.39 IDR 1,291 IDR 5,236 IDR 76
ROIC Compounder 2,692 IDR 3,576 IDR 4,748 IDR 72
Growth Earnings
Growth-Adj P/E 2,251 IDR 3,216 IDR 4,180 IDR 68

Widest divergence: DCF Models (5,420 IDR) versus Dividend Discount (208.85 IDR). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 46.1T IDR
Revenue growth (YoY) +32.0%
Net margin 5.2%
Return on equity 17.6%
Free cash flow 4.0T IDR FY2025
P/E ratio 10.4
More key figures
Operating margin 8.6%
EPS (TTM) 143.01 IDR
EPS growth (YoY) +33.0%
Net debt 2.7T IDR FY2025

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 63 · Market factors (momentum, volatility) 75

Profitability 68
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 64
Earnings quality: real cash, not paper profit
Fin. Strength 71
Balance sheet, leverage, solvency risk
Investment 36
Disciplined investing over empire-building
Low Volatility 66
Calm price path (market factor)
Momentum 73
Price trend over the last 3–12 months (market factor)
52W Momentum 87
Distance to the 52-week high (market factor)
Net Issuance 79
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. Mitra Adiperkasa Tbk engages in the retail trade of clothing, accessories, bags, and sports equipment in Indonesia, Vietnam, the Philippines, Thailand, and internationally. The company operates through Retail Sales, Department Stores, Café and Restaurant, and Others segments.

Full company description

PT. Mitra Adiperkasa Tbk engages in the retail trade of clothing, accessories, bags, and sports equipment in Indonesia, Vietnam, the Philippines, Thailand, and internationally. The company operates through Retail Sales, Department Stores, Café and Restaurant, and Others segments. It operates retail stores, which offers clothes and accessories, sports equipment and accessories, toys and accessories, cellular phones, tablets, computers, and accessories. The company engages in the operation of department stores; café and restaurant business; garment manufacture business; and property, investment, bookstore, and handicraft trading businesses. PT. Mitra Adiperkasa Tbk was incorporated in 1995 and is headquartered in Jakarta Pusat, Indonesia. PT. Mitra Adiperkasa Tbk is a subsidiary of PT Satya Mulia Gema Gemilang. As of May 8, 2026, PT. Mitra Adiperkasa Tbk operates as a subsidiary of Pacific Universal Investments Pte. Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT. Mitra Adiperkasa Tbk reported revenue of 43.1T IDR in FY2025 versus 18.4T IDR in FY2021, a compound +23.7%/yr. Reported net income was 2.2T IDR in FY2025, compounding +51.8%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
43.1T IDR
Latest YoY
+5.5%
Avg. growth/yr (3Y)
+16.9%
Avg. growth/yr (5Y)
+23.7%
Avg. growth/yr (22Y)
+14.9%
Revenue +23.7%/yr
FY21 18.4T IDR
FY22 26.9T IDR
FY23 33.3T IDR
FY24 40.8T IDR
FY25 43.1T IDR
Net income +51.8%/yr
FY21 420B IDR
FY22 2.1T IDR
FY23 1.9T IDR
FY24 1.8T IDR
FY25 2.2T IDR

Watch MAPI: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "PT. Mitra Adiperkasa Tbk Fair Value". https://www.fairvalue-calculator.com/stock/MAPI

Peer Group

Department Stores · 127 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 60 · Above median
Fair Value upside +84% · Top 25%
Return on equity (TTM) 18% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 5% · Above median
Operating margin (TTM) 9% · Above median
Revenue growth 32% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Department Stores median · lower = cheaper

P/E (TTM) 10.7× · Cheaper than 75% of peers
P/B 1.81× · Pricier than median
P/S (TTM) 0.55× · Pricier than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 3.7× · Cheaper than median
PEG 0.69× · 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 100 · sector 26
FUTURE 100 · sector 2
PAST 70 · sector 16
HEALTH 100 · sector 96
DIVIDEND 0 · sector 37

Insider activity: 40/100

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 Department Stores stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
Falabella S.A FALABELLA 5,875 CLP 8,880 CLP +51%
El Puerto de Liverpool, S.A. LIVEPOLC1 99.62 MXN 263.70 MXN +165%
99 Speed Mart Retail Holdings 5326 3.70 MYR 1.45 MYR -61%
Cencosud S.A CENCOSUD 2,040 CLP 2,516 CLP +23%
Vishal Mega Mart Limited VMM ₹113.94 ₹37.39 -67%
SHINSEGAE Inc 004170 610,000 KRW 200,259 KRW -67%
Organización Soriana, S. A. B. de C. V., SORIANAB 30.04 MXN 59.59 MXN +98%
Lotte Shopping Co 023530 155,300 KRW 81,725 KRW -47%
Lojas Renner S.A LREN3 R$14.10 R$33.36 +137%
La Comer, S.A. LACOMERUBC 34.37 MXN 51.49 MXN +50%

Compare PT. Mitra Adiperkasa Tbk with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Consumer Cyclical stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is PT. Mitra Adiperkasa Tbk (MAPI) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of 2,957 IDR versus a price of 1,605 IDR, about +84% (undervalued).
What is the fair value of MAPI?
Our model-based fair value for PT. Mitra Adiperkasa Tbk is 2,957 IDR (as of Jul 13, 2026), built from audited fundamentals. The current price is 1,605 IDR.
What is the quality score of MAPI?
PT. Mitra Adiperkasa Tbk has a Quality Score of 60/100. 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. Mitra Adiperkasa Tbk (MAPI)?
PT. Mitra Adiperkasa Tbk reported trailing-twelve-month revenue of about 46.1T IDR (latest available figure, as of Jul 13, 2026).
What is the net profit margin of MAPI?
The net profit margin of PT. Mitra Adiperkasa Tbk is about 5.2%, meaning it keeps roughly 5.2% 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.

14 days Pro free · no card

Track PT. Mitra Adiperkasa Tbk and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.