Multipolar Technology Tbk (MLPT) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Multipolar Technology Tbk IDR 396, price IDR 945, upside -58.1%, quality 66 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 Sep 27, 2026.
How to read this chart
60‑month range 36.51 IDR – 996,213 IDR · fair‑value band 279.58 IDR – 544.90 IDR · the 945.00 IDR price screens above the 395.86 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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PT Multipolar Technology Tbk provides consultation, integration, and information technology management services in Indonesia.
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PT Multipolar Technology Tbk provides consultation, integration, and information technology management services in Indonesia. The company offers security platforms and services, including application, network, data, user, managed security services, and eKYC; digital insights comprising data management, artificial intelligence, big data and analytics, business performance analytics services, credit scoring API, billing payment dashboard, and fraud detection and campaign systems; and hybrid infrastructure platforms and services that include server, storage, network, hyperconverged, PC and laptops, ATM and self-service devices, cloud infrastructure, OS and virtualization services, and hybrid cloud managed services. It also provides business solution platforms and services, such as banking solutions, smart office, enterprise project, IT services management, enterprise resource planning, system development life cycle and testing management, e-channel, mobile banking platform, supply chain financing, banking as a service, SME application and platform, and insurance claim management services, as well as branch IT, field operations, and payment, contact center managed services. In addition, the company offers digital platforms and services, including API management and service-oriented architecture, application development platform, database platform, enterprise application platform, banking integration, cloud platform, and IoT services. It serves the banking, insurance, multi-finance, securities, fintech, telecommunication, public sector, healthcare, education, oil and gas, retail, and manufacturing sectors. The company was founded in 1975 and is headquartered in Jakarta, Indonesia. PT Multipolar Technology Tbk operates as a subsidiary of PT Multipolar Tbk.
Stock analysis
Multipolar Technology Tbk (MLPT) currently trades at 945.00 IDR, while our model-based Fair Value estimate is 395.86 IDR, 58.1% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 290.37 IDR per share, and 0 of the 26 models we run sit above the 945.00 IDR price.
Bear case: the Economic Profit group reads lowest at 58.52 IDR, and 26 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: 279.58 IDR (bear) to 544.90 IDR (bull), the price of 945.00 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 66/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Multipolar Technology Tbk reported revenue of 3.8T IDR in FY2025 versus 3.0T IDR in FY2021, a compound +6.4%/yr. Reported net income was 336B IDR in FY2025, compounding +6.7%/yr from FY2021.
Key figures
Market cap 38.7T IDR (≈ $2.2B) · P/E ratio 128.2 · P/S ratio 11.2 · EPS (TTM) 161.04 IDR · Dividend yield 0.7% · Net margin 8.8% · Return on equity 39.6% · Return on assets (EBIT) 10.3%.
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 89% below its 52-week high and 89% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 44% fair-value upside, at −58%, MLPT screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (12.99 IDR to 353.48 IDR). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear 279.58 IDRFair Value 395.86 IDRBull 544.90 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 (121.77 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.80/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+2.9%
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.
+3.7%
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.
+7.4%
Start year 2020 (pandemic). Over 10 years: +6.0% a year
Revenue growth 15 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.
+22.6%
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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.
+15.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.3%
Dividend (yield on the price)0.7%
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.14.3% vs 13.0%, steady
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.8% → 10%
Start year 2020 (pandemic)
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).
−26.4%
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 −28.3% a year for the price.
Compare Multipolar Technology Tbk with another stock
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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.Information Technology Services · 464 stocks
Beats the industry median on 5/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score66 · Top 25%
Fair Value upside−58.1% · Bottom 25%
Profitability
Return on equity (TTM)39.6% · Top 25%
Return on assets6.2% · Above median
Net margin (TTM)7.8% · Above median
Operating margin (TTM)4.9% · Below median
Growth and dividend
Revenue growth6.4% · Above median
Dividend yield (TTM)0.7% · Bottom 25%
Balance sheet
Debt / equity0.24× · Above median
Valuation Multiplesvs Information Technology Services median · lower = cheaper
P/E (TTM)128.2× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 43
FUTURE (revenue growth)32· sector 29
PAST (return on equity)100· sector 35
HEALTH (low debt)88· sector 97
DIVIDEND (yield)14· sector 43
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 Multipolar Technology Tbk (MLPT) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 395.86 IDR versus a price of 945.00 IDR, about −58% upside (overvalued).
What is the fair value of MLPT?
Our model-based fair value for Multipolar Technology Tbk is 395.86 IDR (as of Sep 27, 2026), built from audited fundamentals. The current price: 945.00 IDR.
What is the quality score of MLPT?
Multipolar Technology Tbk has a Quality Score of 66/100. 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 Multipolar Technology Tbk (MLPT)?
Our model-based price target is the fair value of 395.86 IDR (as of Sep 27, 2026) from 26 valuation models. Cautious scenario 279.58 IDR, optimistic scenario 544.90 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Multipolar Technology Tbk stock forecast for 2026?
Our models put fair value at 395.86 IDR, about −58% upside versus a price of 945.00 IDR (overvalued). Cautious scenario 279.58 IDR, optimistic scenario 544.90 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Multipolar Technology Tbk (MLPT)?
Multipolar Technology Tbk reported trailing-twelve-month revenue of about 3.9T IDR (latest available figure, as of Sep 27, 2026).
Does Multipolar Technology Tbk pay a dividend?
Multipolar Technology Tbk currently shows a dividend yield of about 0.68% relative to its recent price (as of Sep 27, 2026).
What growth is priced into Multipolar Technology Tbk (MLPT)?
For today's price to be fair in a discounted-cash-flow model, Multipolar Technology Tbk would have to grow free cash flow by -26.4 % per year for five years (discount rate 13.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.4 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of MLPT use?
Our models discount Multipolar Technology Tbk at 13.0 %: a base by market capitalisation (mid), damped by beta 1.33, 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 Multipolar Technology Tbk that is -26.4 % per year a year over ten years, using the same discount rate (13.0 %) and the same formula as our fair value.
How much growth has Multipolar Technology Tbk (MLPT) delivered so far?
Over the past 5 years revenue at Multipolar Technology Tbk grew +7.4 % a year. The price currently implies -26.4 % 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 Multipolar Technology Tbk (MLPT) growing?
The median revenue growth in the sector is +10.3 % a year. That is the yardstick for the growth priced into Multipolar Technology Tbk (-26.4 % 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 Multipolar Technology Tbk (MLPT)?
The free-cash-flow yield on the price is 30.49 %: that much free cash flow Multipolar Technology Tbk produces per unit of market value. When it exceeds the discount rate of our models (13.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Multipolar Technology Tbk (MLPT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Multipolar Technology Tbk it is 395.86 IDR per share (as of Sep 27, 2026), against a price of 945.00 IDR. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Multipolar Technology Tbk stock overvalued or undervalued in 2026?
As of Sep 27, 2026, MLPT trades above its calculated fair value: price 945.00 IDR, fair value 395.86 IDR, a gap of about −58% (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 MLPT?
No. The price is what the market pays today (945.00 IDR); the fair value is what the company's own numbers justify (395.86 IDR). For Multipolar Technology Tbk the two are 549.14 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Multipolar Technology Tbk worth?
The market values Multipolar Technology Tbk at about 38.7T IDR (market capitalisation, as of Sep 27, 2026). Per share that is 945.00 IDR; our models calculate a fair value of 395.86 IDR per share.
What do the bullish and bearish scenarios say about MLPT?
Our models span a range for Multipolar Technology Tbk: cautious scenario 279.58 IDR, base 395.86 IDR, optimistic 544.90 IDR per share (as of Sep 27, 2026, price 945.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MLPT?
Multipolar Technology Tbk trades at a price-to-earnings ratio of 128.2 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 395.86 IDR is built from several models across several years.
How solid is the balance sheet of Multipolar Technology Tbk (MLPT)?
Balance-sheet figures for Multipolar Technology Tbk (as of Sep 27, 2026): return on equity 39.6%, debt of 0.24 per unit of equity. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is MLPT from its 52-week high?
Multipolar Technology Tbk trades at 945.00 IDR, about 89% below its 52-week high of 8,988 IDR and 89% above the low of 500.00 IDR (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 395.86 IDR is for.
Which stocks are comparable to Multipolar Technology Tbk?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys Limited, 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 Multipolar Technology Tbk stock attractive at the current price?
The data as of Sep 27, 2026: price 945.00 IDR, calculated fair value 395.86 IDR (−58%), Quality Score 66/100, 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 MLPT calculated?
We run Multipolar Technology Tbk 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 395.86 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 14.5 % above its aggregate fair value. Multipolar Technology Tbk 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 Multipolar Technology Tbk (MLPT)?
The closing price on Oct 2, 2026 was 945.00 IDR. Our model-based fair value is 395.86 IDR, about −58% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Multipolar Technology Tbk right now?
The price sits above even our optimistic bull case (544.90 IDR). The favourable scenario is already priced in. 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 but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (279.58 IDR to 544.90 IDR) leaves room in how you read the outcome.
Where does the earnings growth of Multipolar Technology Tbk (MLPT) come from?
Earnings per share at Multipolar Technology Tbk grew +12.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +6.8 %, EBIT margin +6.6 %, tax rate +0.2 %, residual (interest, one-offs) −1.2 %. 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 Multipolar Technology Tbk
How large is the market capitalisation of Multipolar Technology Tbk (MLPT)?
The market capitalisation of Multipolar Technology Tbk is 38.7T IDR (≈ $2.2B). 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 Multipolar Technology Tbk (MLPT)?
The price-to-sales ratio of Multipolar Technology Tbk is 11.2 (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 Multipolar Technology Tbk (MLPT)?
Earnings per share at Multipolar Technology Tbk are 161.04 IDR (price ÷ EPS = P/E 128.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Multipolar Technology Tbk (MLPT)?
The dividend yield of Multipolar Technology Tbk is 0.7% (payout 4.0%). 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 Multipolar Technology Tbk (MLPT)?
The net margin of Multipolar Technology Tbk is 8.8% (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 Multipolar Technology Tbk (MLPT)?
The return on equity (ROE) of Multipolar Technology Tbk is 39.6% (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 Multipolar Technology Tbk (MLPT)?
On an EBIT basis the return on assets of Multipolar Technology Tbk is 10.3% (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 Multipolar Technology Tbk (MLPT)?
The operating margin of Multipolar Technology Tbk is 4.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Multipolar Technology Tbk (MLPT)?
Revenue at Multipolar Technology Tbk is growing +6.4% versus a year earlier (3y avg +3.7%). 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 Multipolar Technology Tbk (MLPT)?
Earnings per share at Multipolar Technology Tbk are growing −53.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Multipolar Technology Tbk (MLPT) hold?
Multipolar Technology Tbk holds more cash than debt, 496B IDR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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