Multi Hanna Kreasindo Tbk Pt (MHKI) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Multi Hanna Kreasindo Tbk Pt IDR 186, price IDR 127, upside +46.5%, quality 51 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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PT Multi Hanna Kreasindo Tbk engages in the industrial waste management business in Indonesia. The company offers integrated waste transportation, processing, and utilization; liquid waste treatment; medical waste treatment; and solid waste treatment services. PT Multi Hanna Kreasindo Tbk was founded in 2004 and is headquartered in Bekasi, Indonesia.
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PT Multi Hanna Kreasindo Tbk engages in the industrial waste management business in Indonesia. The company offers integrated waste transportation, processing, and utilization; liquid waste treatment; medical waste treatment; and solid waste treatment services. PT Multi Hanna Kreasindo Tbk was founded in 2004 and is headquartered in Bekasi, Indonesia. The company operates as a subsidiary of PT Multi Hanna Sinergitama.
Stock analysis
Multi Hanna Kreasindo Tbk Pt (MHKI) currently trades at 127.00 IDR, while our model-based Fair Value estimate is 186.01 IDR, implying the stock looks roughly 31.7% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 324.50 IDR per share, and 21 of the 26 models we run sit above the 127.00 IDR price.
Bear case: the Dividend Discount group reads lowest at 32.52 IDR, and 5 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: 101.90 IDR (bear) to 279.82 IDR (bull), the price of 127.00 IDR sits inside 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 51/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Multi Hanna Kreasindo Tbk Pt reported revenue of 213B IDR in FY2025 versus 97.0B IDR in FY2021, a compound +21.7%/yr. Reported net income was 40.0B IDR in FY2025, compounding +44.7%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 548B IDR (≈ $30.6M) · P/E ratio 19.2 · P/S ratio 3.61 · EPS (TTM) 6.61 IDR · Dividend yield 1.5% · Net margin 18.8% · Return on equity 5.2% · Return on assets (EBIT) 11.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 58% below its 52-week high and 38% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −18% fair-value upside, at 46%, MHKI screens cheaper than that median.
Fair Value models
Bear 101.90 IDRFair Value 186.01 IDRBull 279.82 IDR
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 (4.85 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.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.86/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+23.6%
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.
+17.2%
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.
+28.3%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in IDR ⓘ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. Measured in IDR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+43.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+41.7%
Dividend (yield on the price)1.5%
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.6% → 23%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+15.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Indonesia: IMF forecast 2.6% a year to 2030, 2.9% from 2016 to 2025) that is about +12.5% a year for the price.
Compare Multi Hanna Kreasindo Tbk 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.Waste Management · 168 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score51 · Above median
Fair Value upside+47% · Top 25%
Profitability
Return on equity (TTM)5% · Below median
Return on assets4% · Above median
Net margin (TTM)13% · Above median
Operating margin (TTM)−2% · Bottom 25%
Growth and dividend
Revenue growth−11% · Bottom 25%
Dividend yield (TTM)1.5% · Below median
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Waste Management median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Multi Hanna Kreasindo Tbk Pt Fair Value". https://www.fairvalue-calculator.com/stock/MHKI
Frequently asked questions
Is Multi Hanna Kreasindo Tbk Pt (MHKI) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 186.01 IDR versus a price of 127.00 IDR, about +46% upside (undervalued).
What is the fair value of MHKI?
Our model-based fair value for Multi Hanna Kreasindo Tbk Pt is 186.01 IDR (as of Sep 24, 2026), built from audited fundamentals. The current price: 127.00 IDR.
What is the quality score of MHKI?
Multi Hanna Kreasindo Tbk Pt has a Quality Score of 51/100. 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 Multi Hanna Kreasindo Tbk Pt (MHKI)?
Our model-based price target is the fair value of 186.01 IDR (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 101.90 IDR, optimistic scenario 279.82 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Multi Hanna Kreasindo Tbk Pt stock forecast for 2026?
Our models put fair value at 186.01 IDR, about +46% upside versus a price of 127.00 IDR (undervalued). Cautious scenario 101.90 IDR, optimistic scenario 279.82 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Multi Hanna Kreasindo Tbk Pt (MHKI)?
Multi Hanna Kreasindo Tbk Pt reported trailing-twelve-month revenue of about 194B IDR (latest available figure, as of Sep 24, 2026).
Does Multi Hanna Kreasindo Tbk Pt pay a dividend?
Multi Hanna Kreasindo Tbk Pt currently shows a dividend yield of about 1.47% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Multi Hanna Kreasindo Tbk Pt (MHKI)?
For today's price to be fair in a discounted-cash-flow model, Multi Hanna Kreasindo Tbk Pt would have to grow free cash flow by +15.5 % per year for five years (discount rate 14.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +28.3 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of MHKI use?
Our models discount Multi Hanna Kreasindo Tbk Pt at 14.2 %: a base by market capitalisation (nano), damped by beta 1.76, country premium for Indonesia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Multi Hanna Kreasindo Tbk Pt that is +15.5 % per year a year over ten years, using the same discount rate (14.2 %) and the same formula as our fair value.
How much growth has Multi Hanna Kreasindo Tbk Pt (MHKI) delivered so far?
Over the past 5 years revenue at Multi Hanna Kreasindo Tbk Pt grew +28.3 % a year. The price currently implies +15.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Multi Hanna Kreasindo Tbk Pt (MHKI) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into Multi Hanna Kreasindo Tbk Pt (+15.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Multi Hanna Kreasindo Tbk Pt (MHKI)?
The free-cash-flow yield on the price is 4.59 %: that much free cash flow Multi Hanna Kreasindo Tbk Pt produces per unit of market value. When it exceeds the discount rate of our models (14.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Multi Hanna Kreasindo Tbk Pt (MHKI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Multi Hanna Kreasindo Tbk Pt it is 186.01 IDR per share (as of Sep 24, 2026), against a price of 127.00 IDR. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Multi Hanna Kreasindo Tbk Pt stock overvalued or undervalued in 2026?
As of Sep 24, 2026, MHKI trades below its calculated fair value: price 127.00 IDR, fair value 186.01 IDR, a gap of about +46% (undervalued). 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 MHKI?
No. The price is what the market pays today (127.00 IDR); the fair value is what the company's own numbers justify (186.01 IDR). For Multi Hanna Kreasindo Tbk Pt the two are 59.01 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Multi Hanna Kreasindo Tbk Pt worth?
The market values Multi Hanna Kreasindo Tbk Pt at about 548B IDR (market capitalisation, as of Sep 24, 2026). Per share that is 127.00 IDR; our models calculate a fair value of 186.01 IDR per share.
What do the bullish and bearish scenarios say about MHKI?
Our models span a range for Multi Hanna Kreasindo Tbk Pt: cautious scenario 101.90 IDR, base 186.01 IDR, optimistic 279.82 IDR per share (as of Sep 24, 2026, price 127.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MHKI?
Multi Hanna Kreasindo Tbk Pt trades at a price-to-earnings ratio of 19.2 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 186.01 IDR is built from several models across several years. Other multiples: P/B 1.1, P/S 2.8, EV/EBITDA 10.6.
How solid is the balance sheet of Multi Hanna Kreasindo Tbk Pt (MHKI)?
Balance-sheet figures for Multi Hanna Kreasindo Tbk Pt (as of Sep 24, 2026): return on equity 5.2%, debt of 0.01 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is MHKI from its 52-week high?
Multi Hanna Kreasindo Tbk Pt trades at 127.00 IDR, about 58% below its 52-week high of 304.97 IDR and 38% above the low of 91.88 IDR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 186.01 IDR is for.
Which stocks are comparable to Multi Hanna Kreasindo Tbk Pt?
From the same area (Industrials) we also value Waste Management, Inc, Republic Services, Inc, Waste Connections, Inc, Veolia Environnement SA, 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 Multi Hanna Kreasindo Tbk Pt stock attractive at the current price?
The data as of Sep 24, 2026: price 127.00 IDR, calculated fair value 186.01 IDR (+46%), Quality Score 51/100, from 26 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 MHKI calculated?
We run Multi Hanna Kreasindo Tbk Pt through 26 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 186.01 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 13.0 % above its aggregate fair value. Multi Hanna Kreasindo Tbk Pt currently trades 46 % below its own fair value, and the market average says nothing about that. 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 Multi Hanna Kreasindo Tbk Pt (MHKI)?
The closing price on Sep 24, 2026 was 127.00 IDR. Our model-based fair value is 186.01 IDR, about +46% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Multi Hanna Kreasindo Tbk Pt right now?
The model range is unusually wide (101.90 IDR to 279.82 IDR). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Multi Hanna Kreasindo Tbk Pt
How large is the market capitalisation of Multi Hanna Kreasindo Tbk Pt (MHKI)?
The market capitalisation of Multi Hanna Kreasindo Tbk Pt is 548B IDR (≈ $30.6M). 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 Multi Hanna Kreasindo Tbk Pt (MHKI)?
The price-to-sales ratio of Multi Hanna Kreasindo Tbk Pt is 3.61 (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 Multi Hanna Kreasindo Tbk Pt (MHKI)?
Earnings per share at Multi Hanna Kreasindo Tbk Pt are 6.61 IDR (price ÷ EPS = P/E 19.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Multi Hanna Kreasindo Tbk Pt (MHKI)?
The dividend yield of Multi Hanna Kreasindo Tbk Pt is 1.5% (payout 28.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Multi Hanna Kreasindo Tbk Pt (MHKI)?
The net margin of Multi Hanna Kreasindo Tbk Pt is 18.8% (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 Multi Hanna Kreasindo Tbk Pt (MHKI)?
The return on equity (ROE) of Multi Hanna Kreasindo Tbk Pt is 5.2% (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 Multi Hanna Kreasindo Tbk Pt (MHKI)?
On an EBIT basis the return on assets of Multi Hanna Kreasindo Tbk Pt is 11.9% (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 Multi Hanna Kreasindo Tbk Pt (MHKI)?
The operating margin of Multi Hanna Kreasindo Tbk Pt is −1.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Multi Hanna Kreasindo Tbk Pt (MHKI)?
Revenue at Multi Hanna Kreasindo Tbk Pt is growing −10.5% versus a year earlier (3y avg +17.2%). 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 Multi Hanna Kreasindo Tbk Pt (MHKI)?
Earnings per share at Multi Hanna Kreasindo Tbk Pt are growing −89.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Multi Hanna Kreasindo Tbk Pt (MHKI) hold?
Multi Hanna Kreasindo Tbk Pt holds more cash than debt, 114B IDR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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