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PT Metropolitan Kentjana Tbk (MKPI) Fair Value & Analysis

Real Estate · ID · Market cap 19.9T IDR

PM PT Metropolitan Kentjana Tbk MKPI · JK
Price21,975 IDR
Fair Value19,160 IDR
Upside-12.8%
Quality78/100
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Healthy Growth
Highly profitable · 47.2% net margin
Low debt · generates free cash flow
Ranks above peers (10/15)
Wide moat 92/100
Evidence: High Range 14,370 IDR – 23,950 IDR Share as image

Fair value as of: Jul 14, 2026

From 16 valuation models · updated 27 days ago

Share price +5.6% over the past month.

A strong business, but screening 13% overvalued on our models.

What matters now

  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
  • Our model range runs from 14,370 IDR (bear) to 23,950 IDR (bull), base 19,160 IDR. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 78/100 (high quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

35,499 IDR 16,274 IDR Fair Value 19,160 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range 16,274 IDR – 35,499 IDR · fair‑value band 14,370 IDR – 23,950 IDR · the 21,975 IDR price screens above the 19,160 IDR fair value. Dashed = 300-day average. As of Jul 14, 2026.

Full chart & analysis →

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Analysis

PT Metropolitan Kentjana Tbk (MKPI) currently trades at 21,975 IDR, while our model-based Fair Value estimate is 19,160 IDR, implying the stock looks roughly 12.8% overvalued today. The Quality Score stands at 78/100 (high quality), in the Real Estate 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: high).

Over the trailing twelve months, PT Metropolitan Kentjana Tbk generated revenue of 4.2T IDR at a net margin of 47.2%. Revenue grew 11.5% year over year. It earns a return on equity of 42.7%. The balance sheet holds a net cash position of 2.8T IDR. Fundamentals as of Jul 14, 2026

Our scenario range runs from 14,370 IDR (bear case) to 23,950 IDR (bull case); at 21,975 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 19% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -13% fair-value upside, at -13%, MKPI 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 BearBaseBull Evidence
Highest evidence
Growth DCF 20,487 IDR 32,487 IDR 53,001 IDR 80
Residual Income 8,223 IDR 10,363 IDR 23,070 IDR 76
Rev-Margin DCF 15,919 IDR 23,739 IDR 33,227 IDR 74
All 16 models by family
DCF Models
FCF DCF 20,299 IDR 32,427 IDR 52,920 IDR 38
5Y Revenue Exit 15,919 IDR 23,736 IDR 33,851 IDR 39
5Y EBITDA Exit 20,709 IDR 33,069 IDR 47,912 IDR 41
10Y Revenue Exit 16,880 IDR 24,663 IDR 35,523 IDR 36
10Y EBITDA Exit 20,430 IDR 31,442 IDR 46,934 IDR 37
Dividend Discount
Gordon GGM 7,003 IDR 15,288 IDR 25,723 IDR 70
DDM Multi-Stage 7,003 IDR 12,523 IDR 15,933 IDR 61
Multiples
P/S Multiple 14,370 IDR 19,160 IDR 23,950 IDR 58
P/B Multiple 12,280 IDR 16,373 IDR 20,467 IDR 55
EV/EBIT 23,300 IDR 30,086 IDR 36,872 IDR 53
EV/EBITDA 22,791 IDR 29,407 IDR 36,023 IDR 54
EV/Revenue 14,170 IDR 18,981 IDR 23,793 IDR 43
Asset-Based
NCAV (Graham) 4,093 IDR 5,485 IDR 8,187 IDR 50
Growth DCF
Growth DCF 20,487 IDR 32,487 IDR 53,001 IDR 80
Rev-Margin DCF 15,919 IDR 23,739 IDR 33,227 IDR 74
Economic Profit
Residual Income 8,223 IDR 10,363 IDR 23,070 IDR 76

Widest divergence: DCF Models (31,442 IDR) versus Asset-Based (5,485 IDR). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 4.2T IDR
Revenue growth (YoY) +11.5%
Net margin 47.2%
Return on equity 42.7%
Free cash flow 1.3T IDR FY2025
P/E ratio 17.0
More key figures
Operating margin 48.9%
EPS (TTM) 1,228 IDR
EPS growth (YoY) +16.7%
Net cash 2.8T IDR FY2025

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 78/100

Of which business quality 75 · Market factors (momentum, volatility) 54

Profitability 53
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 85
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 65
Disciplined investing over empire-building
Low Volatility 97
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 34
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 Metropolitan Kentjana Tbk develops and manages land and buildings in Indonesia. The company operates through Shopping center, Office, Apartment, Real Estate, Water park, and Hotel segments. It also engages in the rental of space in shopping centers, office buildings, and apartments, as well as sells land and buildings.

Full company description

PT Metropolitan Kentjana Tbk develops and manages land and buildings in Indonesia. The company operates through Shopping center, Office, Apartment, Real Estate, Water park, and Hotel segments. It also engages in the rental of space in shopping centers, office buildings, and apartments, as well as sells land and buildings. The company was founded in 1972 and is headquartered in Jakarta Selatan, Indonesia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Metropolitan Kentjana Tbk reported revenue of 2.8T IDR in FY2025 versus 1.3T IDR in FY2021, a compound +20.7%/yr. Reported net income was 1.1T IDR in FY2025, compounding +36.3%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
2.8T IDR
Latest YoY
+12.6%
Avg. growth/yr (3Y)
+12.7%
Avg. growth/yr (5Y)
+16.3%
Avg. growth/yr (17Y)
+9.4%
Revenue +20.7%/yr
FY21 1.3T IDR
FY22 2.0T IDR
FY23 2.3T IDR
FY24 2.5T IDR
FY25 2.8T IDR
Net income +36.3%/yr
FY21 325B IDR
FY22 701B IDR
FY23 844B IDR
FY24 986B IDR
FY25 1.1T IDR

MKPI screens 13% overvalued. Compare with Vingroup Joint Stock Company →

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Cite: Fair Value Calculator (2026). "PT Metropolitan Kentjana Tbk Fair Value". https://www.fairvalue-calculator.com/stock/MKPI

Peer Group

Real Estate Services · 521 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 78 · Top 25%
Fair Value upside −13% · Below median
Return on equity (TTM) 43% · Top 25%
Return on assets 20% · Top 25%
Net margin (TTM) 47% · Top 25%
Operating margin (TTM) 50% · Above median
Revenue growth 6% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/E (TTM) 17.0× · Pricier than median
P/B 2.56× · Pricier than 75% of peers
P/S (TTM) 4.74× · Pricier than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 7.6× · Cheaper than median
PEG 0.34× · Cheaper than 75% of peers

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 16 · sector 37
FUTURE 31 · sector 10
PAST 100 · sector 16
HEALTH 100 · sector 85
DIVIDEND 0 · sector 49

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 Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
Vingroup Joint Stock Company VIC 223,000 VND 25,731 VND -88%
KE Holdings 2423 HK$44.76 HK$18.03 -60%
Swire Properties Limited 1972 HK$23.90 HK$18.75 -22%
China Resources Mixc Lifestyle Services Limited 1209 HK$39.92 HK$34.92 -13%
Plaza S.A MALLPLAZA 3,725 CLP 5,571 CLP +50%
SAGAA SAGAA kr 170.00 kr 75.55 -56%
Cencosud Shopping S.A CENCOMALLS 2,324 CLP 2,976 CLP +28%
WHA Corporation WHAR 5.45 THB 4.14 THB -24%
PT Sarana Menara Nusantara Tbk. owns and TOWR 372.00 IDR 1,208 IDR +225%
PT Bangun Kosambi Sukses Tbk, CBDK 3,530 IDR 3,464 IDR -2%

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Frequently asked questions

Is PT Metropolitan Kentjana Tbk (MKPI) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of 19,160 IDR versus a price of 21,975 IDR, about −13% (overvalued).
What is the fair value of MKPI?
Our model-based fair value for PT Metropolitan Kentjana Tbk is 19,160 IDR (as of Jul 14, 2026), built from audited fundamentals. The current price is 21,975 IDR.
What is the quality score of MKPI?
PT Metropolitan Kentjana Tbk has a Quality Score of 78/100. 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 Metropolitan Kentjana Tbk (MKPI)?
PT Metropolitan Kentjana Tbk reported trailing-twelve-month revenue of about 4.2T IDR (latest available figure, as of Jul 14, 2026).
What is the net profit margin of MKPI?
The net profit margin of PT Metropolitan Kentjana Tbk is about 47.2%, meaning it keeps roughly 47.2% 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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