Mitrabara Adiperdana PT (MBAP) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Mitrabara Adiperdana PT IDR 699, price IDR 1,640, upside -57.4%, quality 43 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.
How to read this chart
60‑month range 1,180 IDR – 8,259 IDR · fair‑value band 524.16 IDR – 873.58 IDR · the 1,640 IDR price screens above the 698.86 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 2, 2026.
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PT Mitrabara Adiperdana Tbk, together with its subsidiaries, engages in coal mining, trading, and industrial businesses. It holds interests in coal mining located in Malinau Regency, North Kalimantan. The company also operates biomass power plants; provides management and plantation farming services; and engages in shrimp farming.
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PT Mitrabara Adiperdana Tbk, together with its subsidiaries, engages in coal mining, trading, and industrial businesses. It holds interests in coal mining located in Malinau Regency, North Kalimantan. The company also operates biomass power plants; provides management and plantation farming services; and engages in shrimp farming. It sells its products in South Korea, Indonesia, China, New Zealand, Japan, Singapore, and the Philippines. The company was founded in 1992 and is headquartered in Jakarta Pusat, Indonesia. PT Mitrabara Adiperdana Tbk operates as a subsidiary of PT Wahana Sentosa Cemerlang.
Stock analysis
Mitrabara Adiperdana PT (MBAP) currently trades at 1,640 IDR, while our model-based Fair Value estimate is 698.86 IDR, 57.4% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 1,789 IDR per share, and 1 of the 10 models we run sit above the 1,640 IDR price.
Bear case: the Earnings-Based group reads lowest at 185.40 IDR, and 9 of the 10 models stay below the price. Evidence for this calculation is low.
Scenario range: 524.16 IDR (bear) to 873.58 IDR (bull), the price of 1,640 IDR sits above 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 43/100 (below-average quality), in the Energy sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Mitrabara Adiperdana PT reported revenue of $163M in FY2025 versus $310M in FY2021, a compound −14.9%/yr. Reported net income was $1.5M in FY2025, compounding −64.9%/yr from FY2021.
Key figures
Market cap 2.0T IDR (≈ $112M) · P/E ratio 30.4 · P/S ratio 0.29 · EPS (TTM) 53.95 IDR · Net margin 0.9% · Return on equity 2.1% · Return on assets (EBIT) 27.5% · Operating margin 12.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 22 out of 100 (medium confidence).
What moves the price
The share trades about 14% below its 52-week high and 39% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at −33% fair-value upside, at −57%, MBAP screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (185.40 IDR to 1,789 IDR). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear 524.16 IDRFair Value 698.86 IDRBull 873.58 IDR
Price 1,640 IDR · Upside -57.4%
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (40.94 IDR per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.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.8/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−25.3%
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.
−28.7%
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.
−4.1%
Start year 2020 (pandemic). Over 10 years: −2.9% a year
Revenue growth 14 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.
+3.1%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−46.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−46.6%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−46.6% vs −25.0%, slowing
Profit margin 2020 to 2025 ⓘ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.18% → −4%
Compare Mitrabara Adiperdana 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.Thermal Coal · 83 stocks
Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score43 · Below median
Fair Value upside−57.4% · Bottom 25%
Profitability
Return on equity (TTM)2.1% · Below median
Return on assets1.9% · Below median
Net margin (TTM)2.3% · Bottom 25%
Operating margin (TTM)12.5% · Above median
Growth and dividend
Revenue growth39.0% · Top 25%
Balance sheet
Debt / equity0.16× · Below median
Valuation Multiplesvs Thermal Coal median · lower = cheaper
P/E (TTM)30.4× · Priciest 25%
P/B0.61× · Cheapest 25%
P/S (TTM)0.65× · Cheaper than median
EV/EBITDA2.3× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 12
FUTURE (revenue growth)100· sector 53
PAST (return on equity)9· sector 28
HEALTH (low debt)92· sector 91
DIVIDEND (yield)0· sector 54
VALUE 0: the price sits above our fair-value range.
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.
Is Mitrabara Adiperdana PT (MBAP) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of 698.86 IDR versus a price of 1,640 IDR, about −57% upside (overvalued).
What is the fair value of MBAP?
Our model-based fair value for Mitrabara Adiperdana PT is 698.86 IDR (as of Oct 2, 2026), built from audited fundamentals. The current price: 1,640 IDR.
What is the quality score of MBAP?
Mitrabara Adiperdana PT has a Quality Score of 43/100. 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 Mitrabara Adiperdana PT (MBAP)?
Our model-based price target is the fair value of 698.86 IDR (as of Oct 2, 2026) from 10 valuation models. Cautious scenario 524.16 IDR, optimistic scenario 873.58 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Mitrabara Adiperdana PT stock forecast for 2026?
Our models put fair value at 698.86 IDR, about −57% upside versus a price of 1,640 IDR (overvalued). Cautious scenario 524.16 IDR, optimistic scenario 873.58 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Mitrabara Adiperdana PT (MBAP)?
Mitrabara Adiperdana PT reported trailing-twelve-month revenue of about $174M (latest available figure, as of Oct 2, 2026).
What is the intrinsic value of Mitrabara Adiperdana PT (MBAP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mitrabara Adiperdana PT it is 698.86 IDR per share (as of Oct 2, 2026), against a price of 1,640 IDR. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is Mitrabara Adiperdana PT stock overvalued or undervalued in 2026?
As of Oct 2, 2026, MBAP trades above its calculated fair value: price 1,640 IDR, fair value 698.86 IDR, a gap of about −57% (overvalued). 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 MBAP?
No. The price is what the market pays today (1,640 IDR); the fair value is what the company's own numbers justify (698.86 IDR). For Mitrabara Adiperdana PT the two are 941.14 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Mitrabara Adiperdana PT worth?
The market values Mitrabara Adiperdana PT at about 2.0T IDR (market capitalisation, as of Oct 2, 2026). Per share that is 1,640 IDR; our models calculate a fair value of 698.86 IDR per share.
What do the bullish and bearish scenarios say about MBAP?
Our models span a range for Mitrabara Adiperdana PT: cautious scenario 524.16 IDR, base 698.86 IDR, optimistic 873.58 IDR per share (as of Oct 2, 2026, price 1,640 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MBAP?
Mitrabara Adiperdana PT trades at a price-to-earnings ratio of 30.4 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 698.86 IDR is built from several models across several years. Other multiples: P/B 0.6, P/S 0.6, EV/EBITDA 2.3.
How solid is the balance sheet of Mitrabara Adiperdana PT (MBAP)?
Balance-sheet figures for Mitrabara Adiperdana PT (as of Oct 2, 2026): return on equity 2.1%, debt of 0.16 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is MBAP from its 52-week high?
Mitrabara Adiperdana PT trades at 1,640 IDR, about 14% below its 52-week high of 1,915 IDR and 39% above the low of 1,180 IDR (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 698.86 IDR is for.
Which stocks are comparable to Mitrabara Adiperdana PT?
From the same area (Energy) we also value China Shenhua Energy Company, Adani Enterprises Limited, Shaanxi Coal Industry Company, Yankuang Energy Group, 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 Mitrabara Adiperdana PT stock attractive at the current price?
The data as of Oct 2, 2026: price 1,640 IDR, calculated fair value 698.86 IDR (−57%), Quality Score 43/100, from 10 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 MBAP calculated?
We run Mitrabara Adiperdana PT through 10 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 698.86 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 14.9 % above its aggregate fair value. Mitrabara Adiperdana PT itself currently trades above fair value. 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 Mitrabara Adiperdana PT (MBAP)?
The closing price on Oct 2, 2026 was 1,640 IDR. Our model-based fair value is 698.86 IDR, about −57% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mitrabara Adiperdana PT right now?
The price sits above even our optimistic bull case (873.58 IDR). The favourable scenario is already priced in. Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Where does the earnings growth of Mitrabara Adiperdana PT (MBAP) come from?
Earnings per share at Mitrabara Adiperdana PT grew −2.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +2.3 %, EBIT margin −9.7 %, tax rate −0.2 %, residual (interest, one-offs) +5.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Mitrabara Adiperdana PT
How large is the market capitalisation of Mitrabara Adiperdana PT (MBAP)?
The market capitalisation of Mitrabara Adiperdana PT is 2.0T IDR (≈ $112M). 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 Mitrabara Adiperdana PT (MBAP)?
The price-to-sales ratio of Mitrabara Adiperdana PT is 0.29 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Mitrabara Adiperdana PT (MBAP)?
Earnings per share at Mitrabara Adiperdana PT are 53.95 IDR (price ÷ EPS = P/E 30.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Mitrabara Adiperdana PT (MBAP)?
The net margin of Mitrabara Adiperdana PT is 0.9% (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 Mitrabara Adiperdana PT (MBAP)?
The return on equity (ROE) of Mitrabara Adiperdana PT is 2.1% (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 Mitrabara Adiperdana PT (MBAP)?
On an EBIT basis the return on assets of Mitrabara Adiperdana PT is 27.5% (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 Mitrabara Adiperdana PT (MBAP)?
The operating margin of Mitrabara Adiperdana PT is 12.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mitrabara Adiperdana PT (MBAP)?
Revenue at Mitrabara Adiperdana PT is growing +39.0% versus a year earlier (3y avg −28.7%). 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 Mitrabara Adiperdana PT (MBAP)?
Earnings per share at Mitrabara Adiperdana PT are growing +268% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Mitrabara Adiperdana PT (MBAP) generate?
The free cash flow of Mitrabara Adiperdana PT is −$32.9M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Mitrabara Adiperdana PT (MBAP) hold?
Mitrabara Adiperdana PT holds more cash than debt, $70.2M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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