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PT Mitrabahtera Segara Sejati Tbk, (MBSS) Fair Value & Analysis

Industrials · ID · Market cap 4.4T IDR

PM PT Mitrabahtera Segara Sejati Tbk, MBSS · JK
Price2,820 IDR
Fair Value2,910 IDR
Upside+3.2%
Quality44/100
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Mixed Growth
Highly profitable · 32.4% net margin
Low debt · negative free cash flow
Trails peers (4/12)
Narrow moat 44/100
Evidence: High Range 2,403 IDR – 5,260 IDR Share as image

Fair value as of: Jul 12, 2026

From 16 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from 2,710 IDR to 2,910 IDR (+7.4%) since Jun 24, 2026. Share price +11.5% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (2,403 IDR to 5,260 IDR) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

3,690 IDR 410.00 IDR Fair Value 2,910 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range 410.00 IDR – 3,690 IDR · fair‑value band 2,403 IDR – 5,260 IDR · the 2,820 IDR price screens below the 2,910 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

PT Mitrabahtera Segara Sejati Tbk, (MBSS) currently trades at 2,820 IDR, while our model-based Fair Value estimate is 2,910 IDR, implying the stock looks roughly 3.2% fairly valued today. The Quality Score stands at 44/100 (below-average quality), in the Industrials 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: high), always confirm before acting.

Over the trailing twelve months, PT Mitrabahtera Segara Sejati Tbk, generated revenue of 781B IDR at a net margin of 32.4%. Revenue declined 25.3% year over year. It earns a return on equity of 6.6%. The balance sheet holds a net cash position of 1.5T IDR. Fundamentals as of Jul 12, 2026

Our scenario range runs from 2,403 IDR (bear case) to 5,260 IDR (bull case); at 2,820 IDR, the current price sits within 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 30% below its 52-week high and 130% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 67% fair-value upside, at 3%, MBSS screens richer 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
Residual Income 1,955 IDR 2,175 IDR 4,086 IDR 76
ROIC Compounder 1,841 IDR 1,999 IDR 2,139 IDR 72
Gordon GGM 0.0100 IDR 0.0100 IDR 0.0200 IDR 70
All 16 models by family
Earnings-Based
Graham-Dodd 1,438 IDR 10,031 IDR 14,077 IDR 54
Lynch FV 5,182 IDR 7,403 IDR 9,624 IDR 50
PEG = 1.0 5,182 IDR 7,403 IDR 9,624 IDR 46
EPV 1,841 IDR 1,999 IDR 2,139 IDR 59
Dividend Discount
Gordon GGM 0.0100 IDR 0.0100 IDR 0.0200 IDR 70
DDM Multi-Stage 0.0100 IDR 0.0100 IDR 0.0200 IDR 61
Multiples
P/E Multiple 3,331 IDR 4,442 IDR 5,552 IDR 63
P/S Multiple 721.48 IDR 961.97 IDR 1,202 IDR 58
P/B Multiple 2,697 IDR 3,596 IDR 4,495 IDR 55
EV/EBIT 2,319 IDR 2,776 IDR 3,233 IDR 53
EV/EBITDA 2,469 IDR 2,976 IDR 3,483 IDR 54
EV/Revenue 1,554 IDR 1,814 IDR 2,074 IDR 43
Asset-Based
NCAV (Graham) 1,115 IDR 1,494 IDR 2,231 IDR 50
Economic Profit
Residual Income 1,955 IDR 2,175 IDR 4,086 IDR 76
ROIC Compounder 1,841 IDR 1,999 IDR 2,139 IDR 72
Growth Earnings
Growth-Adj P/E 6,778 IDR 9,683 IDR 12,588 IDR 68

Widest divergence: Growth Earnings (9,683 IDR) versus Dividend Discount (0.0100 IDR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 781B IDR
Revenue growth (YoY) -25.3%
Net margin 32.4%
Return on equity 6.6%
Free cash flow −205B IDR FY2025
P/E ratio 17.5
More key figures
Operating margin 1.6%
EPS (TTM) 144.72 IDR
EPS growth (YoY) -71.3%
Net cash 1.5T IDR FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 48 · Market factors (momentum, volatility) 73

Profitability 43
Margins and returns on capital today
Quality Growth 28
Are margins and returns improving?
Cashflow 29
Earnings quality: real cash, not paper profit
Fin. Strength 90
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 46
Calm price path (market factor)
Momentum 89
Price trend over the last 3–12 months (market factor)
52W Momentum 79
Distance to the 52-week high (market factor)
Net Issuance 82
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 Mitrabahtera Segara Sejati Tbk, together with its subsidiaries, provides sea transportation and transshipment services in Indonesia. It operates through Tugboats and Barges; Floating Cranes; and Motor Vessel segments. The company provides direct barging services for the transportation of bulk mining materials, primarily coal.

Full company description

PT Mitrabahtera Segara Sejati Tbk, together with its subsidiaries, provides sea transportation and transshipment services in Indonesia. It operates through Tugboats and Barges; Floating Cranes; and Motor Vessel segments. The company provides direct barging services for the transportation of bulk mining materials, primarily coal. It owns and operates 35 barges. The company also has a fleet of floating cranes. In addition, it provides shipping and consultancy services. The company was founded in 1994 and is headquartered in Jakarta Pusat, Indonesia. PT Mitrabahtera Segara Sejati Tbk operates as a subsidiary of PT Galley Adhika Arnawama.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Mitrabahtera Segara Sejati Tbk, reported revenue of 842B IDR in FY2025 versus 73.4M IDR in FY2021, a compound +934.8%/yr. Reported net income was 370B IDR in FY2025, compounding +1,239.5%/yr from FY2021.

Growth Quality 43/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
842B IDR
Latest YoY
−100.0%
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.
+2,019.7%
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.
+587.4%
Avg. growth/yr (16Y) 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.
+1.3%
Revenue +934.8%/yr
FY21 73.4M IDR
FY22 88.4M IDR
FY23 63.2M IDR
FY24 13,363T IDR
FY25 842B IDR
Net income +1,239.5%/yr
FY21 11.5M IDR
FY22 25.1M IDR
FY23 24.6M IDR
FY24 4,753T IDR
FY25 370B IDR

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Cite: Fair Value Calculator (2026). "PT Mitrabahtera Segara Sejati Tbk, Fair Value". https://www.fairvalue-calculator.com/stock/MBSS

Peer Group

Marine Shipping · 231 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 44 · Below median
Fair Value upside +3% · Above median
Return on equity (TTM) 7% · Below median
Return on assets 2% · Below median
Net margin (TTM) 32% · Top 25%
Operating margin (TTM) 2% · Bottom 25%
Revenue growth -25% · Bottom 25%
Debt / equity 0.03× · Lower than 75% of peers

Valuation Multiples vs Marine Shipping median · lower = cheaper

P/E (TTM) 17.5× · Pricier than median
P/B 1.13× · Pricier than median
P/S (TTM) 5.67× · Pricier than 75% of peers
EV/EBITDA 4.9× · 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 38 · sector 29
FUTURE 0 · sector 18
PAST 26 · sector 27
HEALTH 98 · sector 88
DIVIDEND 0 · sector 47

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 Marine Shipping stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Adani Ports and Special Economic Zone Limited ADANIPORTS ₹1,828 ₹1,041 -43%
A.P. Møller - Mærsk A/S MAERSKA kr 16,520 kr 3,033 -82%
COSCO SHIPPING Holdings 601919 ¥13.98 ¥40.37 +189%
Shanghai International Port (Group) Co 600018 ¥5.17 ¥6.57 +27%
HMM Co 011200 20,050 KRW 33,855 KRW +69%
Ningbo Zhoushan Port Company 601018 ¥3.35 ¥5.58 +67%
Qingdao Port International Co 601298 ¥8.88 ¥15.97 +80%
JSW Infrastructure Limited JSWINFRA ₹330.05 ₹126.31 -62%
Wan Hai Lines Ltd 2615 80.70 TWD 212.79 TWD +164%
Wallenius Wilhelmsen ASA WAWI kr 137.70 kr 50.56 -63%

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Frequently asked questions

Is PT Mitrabahtera Segara Sejati Tbk, (MBSS) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of 2,910 IDR versus a price of 2,820 IDR, about +3% (fairly valued).
What is the fair value of MBSS?
Our model-based fair value for PT Mitrabahtera Segara Sejati Tbk, is 2,910 IDR (as of Jul 12, 2026), built from audited fundamentals. The current price is 2,820 IDR.
What is the quality score of MBSS?
PT Mitrabahtera Segara Sejati Tbk, has a Quality Score of 44/100. 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 Mitrabahtera Segara Sejati Tbk, (MBSS)?
PT Mitrabahtera Segara Sejati Tbk, reported trailing-twelve-month revenue of about 781B IDR (latest available figure, as of Jul 12, 2026).
What is the net profit margin of MBSS?
The net profit margin of PT Mitrabahtera Segara Sejati Tbk, is about 32.4%, meaning it keeps roughly 32.4% 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.

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