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PT Menn Teknologi Indonesia Tbk (MENN) Fair Value & Analysis

Industrials · ID · Market cap 76.0B IDR

PM PT Menn Teknologi Indonesia Tbk MENN · JK
Price53.00 IDR
Fair Value6.19 IDR
Upside-88.3%
Quality41/100
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Mixed Growth
Loss-making · -64.2% net margin
Trails peers (0/6)
Narrow moat 13/100
Evidence: Medium Range 4.73 IDR – 7.58 IDR Share as image

Fair value as of: Jul 17, 2026

From 13 valuation models · updated 24 days ago

Fair value updated Jul 17, 2026, revised from 6.76 IDR to 6.19 IDR (−8.4%) since Jun 24, 2026.

Below-average quality, and screening another 88% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (7.58 IDR). The favourable scenario is already priced in.
  • Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (3 years)

127.00 IDR 7.00 IDR Fair Value 6.19 IDR Apr 2023 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

39‑month range 7.00 IDR – 127.00 IDR · fair‑value band 4.73 IDR – 7.58 IDR · the 53.00 IDR price screens above the 6.19 IDR fair value. Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

PT Menn Teknologi Indonesia Tbk (MENN) currently trades at 53.00 IDR, while our model-based Fair Value estimate is 6.19 IDR, implying the stock looks roughly 88.3% overvalued today. The Quality Score stands at 41/100 (below-average quality), in the Industrials 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: medium).

Over the trailing twelve months, PT Menn Teknologi Indonesia Tbk generated revenue of 5.9B IDR at a net margin of -64.2%. Revenue declined 83.6% year over year. It earns a return on equity of -9.2%. Fundamentals as of Jul 17, 2026

Our scenario range runs from 4.73 IDR (bear case) to 7.58 IDR (bull case); at 53.00 IDR, the current price sits above 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 33% below its 52-week high and 23% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -88%, MENN 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
Growth-Adj P/E 4.73 IDR 6.76 IDR 8.79 IDR 68
ROIC Compounder 5.72 IDR 6.19 IDR 6.61 IDR 67
P/E Multiple 4.55 IDR 6.06 IDR 7.58 IDR 63
All 13 models by family
Earnings-Based
Graham-Dodd 1.96 IDR 11.34 IDR 15.78 IDR 54
Lynch FV 3.20 IDR 4.57 IDR 5.95 IDR 50
PEG = 1.0 3.20 IDR 4.57 IDR 5.95 IDR 46
EPV 5.72 IDR 6.19 IDR 6.61 IDR 59
Multiples
P/E Multiple 4.55 IDR 6.06 IDR 7.58 IDR 63
P/S Multiple 3.68 IDR 4.91 IDR 6.13 IDR 58
P/B Multiple 3.68 IDR 4.91 IDR 6.13 IDR 55
EV/EBIT 7.71 IDR 9.32 IDR 10.94 IDR 53
EV/Revenue 6.32 IDR 7.80 IDR 9.29 IDR 43
Asset-Based
NCAV (Graham) 14.99 IDR 20.08 IDR 29.98 IDR 50
Economic Profit
Residual Income 20.44 IDR 18.93 IDR 13.78 IDR 61
ROIC Compounder 5.72 IDR 6.19 IDR 6.61 IDR 67
Growth Earnings
Growth-Adj P/E 4.73 IDR 6.76 IDR 8.79 IDR 68

Widest divergence: Asset-Based (20.08 IDR) versus Earnings-Based (4.57 IDR). Highest evidence: Growth-Adj P/E (68).

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Key figures & financial health

Revenue (TTM) 5.9B IDR
Revenue growth (YoY) -83.6%
Net margin -64.2%
Return on equity -9.2%
Operating margin -519%
EPS growth (YoY) -34.3%

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 41/100

Of which business quality 46 · Market factors (momentum, volatility) 51

Profitability 19
Margins and returns on capital today
Quality Growth 64
Are margins and returns improving?
Cashflow 7
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 71
Calm price path (market factor)
Momentum 46
Price trend over the last 3–12 months (market factor)
52W Momentum 39
Distance to the 52-week high (market factor)
Net Issuance 80
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 Menn Teknologi Indonesia Tbk provides digital solutions to logistics and transportation industries in Indonesia. The company operates through GPS Rental, IT Services, and GPS Sales segments.

Full company description

PT Menn Teknologi Indonesia Tbk provides digital solutions to logistics and transportation industries in Indonesia. The company operates through GPS Rental, IT Services, and GPS Sales segments. It operates Mennconnect, a platform that connects Internet of Things (IoT) devices, multimode solutions, fleet management, transport management, and warehouse management. The company's IoT devices, includes black box carbon black, magneto high-security mobile GPS, MENN DVR TK/BSJ, temperature sensors, speed alarms, smart locks, rear parking sensors, road parking IoT sensors, environment IoT sensors, and air quality IoT sensors; agri-food IoT solutions, such as soil temperature and humidity, automatic pressure, rain and snow, carbon dioxide, and air quality sensors, as well as illumination transmitter and tipper type rain gauge products; and cold-chain solutions comprising vehicle front back CCTVs, AI-based driver safety monitoring, temperature monitoring, black box DVR, and clod server products. It also provides fleet management, warehouse management, transport management, multimode solutions, and cold-chain and temperature monitoring dashboard solutions. PT Menn Teknologi Indonesia Tbk was founded in 2014 and is based in Jakarta Selatan, Indonesia.

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

Revenue & earnings trend

FY2022 – FY2024 · reported fiscal years

PT Menn Teknologi Indonesia Tbk reported revenue of 8.0B IDR in FY2024 versus 5.7B IDR in FY2022, a compound +18.4%/yr. Reported net income was 414M IDR in FY2024, compounding −31.2%/yr from FY2022.

Growth Quality 44/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
8.0B IDR
Latest YoY
+13.8%
Revenue +18.4%/yr
FY22 5.7B IDR
FY23 7.1B IDR
FY24 8.0B IDR
Net income −31.2%/yr
FY22 874M IDR
FY23 1.3B IDR
FY24 414M IDR

MENN screens 88% overvalued. Compare with Contemporary Amperex Technology Co →

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Cite: Fair Value Calculator (2026). "PT Menn Teknologi Indonesia Tbk Fair Value". https://www.fairvalue-calculator.com/stock/MENN

Peer Group

Electrical Equipment & Parts · 526 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 41 · Bottom 25%
Fair Value upside −88% · Bottom 25%
Return on assets -5% · Bottom 25%
Net margin (TTM) -64% · Bottom 25%
Revenue growth -84% · Bottom 25%

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 Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$675.50 HK$391.44 -42%
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Delta Electronics (Thailand) Public Company TDED 10.16 SGD 1.47 SGD -86%
LG Energy Solution, Ltd 373220 334,000 KRW 201,455 KRW -40%
WEG S.A WEGE3 13,210 ARS 7,948 ARS -40%
Sungrow Power Supply Co 300274 ¥114.79 ¥123.83 +8%
Shenzhen Inovance Technology Co 300124 ¥63.43 ¥33.04 -48%
HD Hyundai Electric Co 267260 823,000 KRW 371,133 KRW -55%
LS ELECTRIC Co 010120 190,000 KRW 31,517 KRW -83%
Sieyuan Electric Co 002028 ¥151.73 ¥71.69 -53%

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Frequently asked questions

Is PT Menn Teknologi Indonesia Tbk (MENN) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 6.19 IDR versus a price of 53.00 IDR, about −88% (overvalued).
What is the fair value of MENN?
Our model-based fair value for PT Menn Teknologi Indonesia Tbk is 6.19 IDR (as of Jul 17, 2026), built from audited fundamentals. The current price is 53.00 IDR.
What is the quality score of MENN?
PT Menn Teknologi Indonesia Tbk has a Quality Score of 41/100. 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 Menn Teknologi Indonesia Tbk (MENN)?
PT Menn Teknologi Indonesia Tbk reported trailing-twelve-month revenue of about 5.9B IDR (latest available figure, as of Jul 17, 2026).
What is the net profit margin of MENN?
The net profit margin of PT Menn Teknologi Indonesia Tbk is about -64.2%, 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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