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PT Mahaka Radio Integra Tbk, through its subsidiaries, (MARI) Fair Value & Analysis

Communication Services · ID · Market cap 126B IDR

PM PT Mahaka Radio Integra Tbk, through its subsidiaries, MARI · JK
Price24.00 IDR
Fair Value6.31 IDR
Upside-73.7%
Quality80/100
Evidence: Low Range 4.73 IDR – 7.89 IDR

Fair value as of: Jun 24, 2026

From 2 valuation models · updated 5 days ago

Share price −14.3% over the past month.

Price vs Fair Value (12 months)

52.00 IDR 20.00 IDR Fair Value 6.31 IDR Jun 2025 Jun 2026

12‑month range 20.00 IDR – 52.00 IDR · fair‑value band 4.73 IDR – 7.89 IDR · the 24.00 IDR price screens above the 6.31 IDR fair value. As of Jun 24, 2026.

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Analysis

PT Mahaka Radio Integra Tbk, through its subsidiaries, (MARI) currently trades at 24.00 IDR, while our model-based Fair Value estimate is 6.31 IDR — implying the stock looks roughly 73.7% overvalued today. We read business quality at 80/100 (high quality), in the Communication Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: low).

Over the trailing twelve months, PT Mahaka Radio Integra Tbk, through its subsidiaries, generated revenue of 83.3B IDR at a net margin of -20.5%. Revenue grew 102.7% year over year. Net debt stands at 359B IDR. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 83.3B IDR
Revenue growth (YoY) +103%
Net margin -20.5%
Return on equity -262%
Free cash flow −16.9B IDR FY2025
Operating margin -11.1%
More key figures
EPS (TTM) -5.09 IDR
EPS growth (YoY) +4.4%
Net debt 359B IDR FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

PT Mahaka Radio Integra Tbk, through its subsidiaries, engages in the radio broadcasting and digital platform business in Indonesia. The company owns and operates its radio stations under Jack F.M., Gen FM, Gen FM Surabaya, Hot FM, Most FM, KIS FM, Mustang FM, and Jak FM brand names. The company was founded in 2006 and is based in Jakarta, Indonesia.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Mahaka Radio Integra Tbk, through its subsidiaries, reported revenue of 70.3B IDR in FY2025 versus 69.7B IDR in FY2021, a compound +0.2%/yr. Reported net income was −36.1B IDR in FY2025.

Revenue +0.2%/yr
FY21 69.7B IDR
FY22 68.5B IDR
FY23 86.2B IDR
FY24 97.7B IDR
FY25 70.3B IDR
Net income
FY21 −19.7B IDR
FY22 −41.5B IDR
FY23 −47.3B IDR
FY24 −19.6B IDR
FY25 −36.1B IDR

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Similar stocks

6 more Broadcasting stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
SKY Perfect JSAT Corporation SKPJY $47.85 $16.95 -65%
RTL Group RGLXF $41.00 $63.44 +55%
Nexstar Media Group NXST $181.20 $59.31 -67%
SES S.A SESG €7.20 €15.57 +116%
Nippon Television Holdings NPTVF $18.22 $23.41 +29%
ITV plc ITVPY $11.01 $12.94 +18%

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Frequently asked questions

Is PT Mahaka Radio Integra Tbk, through its subsidiaries, (MARI) undervalued?
As of Jun 24, 2026, our model estimates a fair value of 6.31 IDR versus a price of 24.00 IDR — about −74% (overvalued). Model-based estimate, not financial advice.
What is the fair value of MARI?
Our 21-model fair value for PT Mahaka Radio Integra Tbk, through its subsidiaries, is 6.31 IDR (as of Jun 24, 2026), built from audited fundamentals. The current price is 24.00 IDR.
What is the quality score of MARI?
PT Mahaka Radio Integra Tbk, through its subsidiaries, has a Quality Score of 80/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of PT Mahaka Radio Integra Tbk, through its subsidiaries, (MARI)?
PT Mahaka Radio Integra Tbk, through its subsidiaries, reported trailing-twelve-month revenue of about 83.3B IDR (latest available figure, as of Jun 24, 2026).
What is the net profit margin of MARI?
The net profit margin of PT Mahaka Radio Integra Tbk, through its subsidiaries, is about -20.5%, 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.