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PT Multipolar Technology Tbk (MLPT) Fair Value & Analysis

Technology · ID · Market cap 38.7T IDR

PM PT Multipolar Technology Tbk MLPT · JK
Price1,615 IDR
Fair Value0.4422 IDR
Upside-100.0%
Quality66/100
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Healthy Growth
Thin margins · 7.8% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/13)
Moderate moat 55/100
Evidence: High Range 0.3316 IDR – 0.5527 IDR Share as image

Fair value as of: Jul 31, 2026

From 26 valuation models · updated 9 days ago

Share price −91.0% over the past month.

A solid business, but screening 100% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.5527 IDR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

224,694 IDR 728.83 IDR Fair Value 0.4422 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 31, 2026.

How to read this chart

60‑month range 728.83 IDR – 224,694 IDR · fair‑value band 0.3316 IDR – 0.5527 IDR · the 1,615 IDR price screens above the 0.4422 IDR fair value. Dashed = 300-day average. As of Jul 31, 2026.

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Analysis

PT Multipolar Technology Tbk (MLPT) currently trades at 1,615 IDR, while our model-based Fair Value estimate is 0.4422 IDR, implying the stock looks roughly 100.0% overvalued today. The Quality Score stands at 66/100 (solid quality), in the Technology 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 Multipolar Technology Tbk generated revenue of 3.9T IDR at a net margin of 7.8%. Revenue grew 6.4% year over year. It earns a return on equity of 39.6%. The balance sheet holds a net cash position of 496B IDR. Fundamentals as of Jul 31, 2026

Our scenario range runs from 0.3316 IDR (bear case) to 0.5527 IDR (bull case); at 1,615 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. For context, the median of 10 Technology peers we cover trades at -25% fair-value upside, at -100%, MLPT 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 324.73 IDR 552.87 IDR 956.88 IDR 80
Residual Income 86.85 IDR 103.16 IDR 479.08 IDR 76
Rev-Margin DCF 218.52 IDR 336.33 IDR 485.70 IDR 74
All 26 models by family
DCF Models
FCF DCF 324.39 IDR 563.92 IDR 989.00 IDR 38
Owner Earnings 283.98 IDR 491.14 IDR 858.76 IDR 31
5Y Revenue Exit 218.52 IDR 336.53 IDR 491.28 IDR 39
5Y EBITDA Exit 283.31 IDR 467.54 IDR 693.87 IDR 41
5Y P/E Exit 251.75 IDR 403.72 IDR 572.92 IDR 38
10Y Revenue Exit 245.85 IDR 369.75 IDR 548.85 IDR 36
10Y EBITDA Exit 294.60 IDR 466.89 IDR 719.15 IDR 37
10Y P/E Exit 273.37 IDR 419.57 IDR 617.48 IDR 35
Earnings-Based
Graham-Dodd 95.44 IDR 412.53 IDR 563.96 IDR 54
Lynch FV 105.91 IDR 151.30 IDR 196.69 IDR 50
PEG = 1.0 105.91 IDR 151.30 IDR 196.69 IDR 46
EPV 152.79 IDR 175.27 IDR 195.25 IDR 59
Dividend Discount
Gordon GGM 104.94 IDR 229.11 IDR 385.49 IDR 70
DDM Multi-Stage 104.94 IDR 187.68 IDR 238.77 IDR 61
Multiples
P/E Multiple 210.53 IDR 280.71 IDR 350.89 IDR 63
P/S Multiple 178.95 IDR 238.60 IDR 298.25 IDR 58
P/B Multiple 71.07 IDR 94.75 IDR 118.44 IDR 55
EV/EBIT 243.97 IDR 316.83 IDR 389.68 IDR 53
EV/EBITDA 285.94 IDR 372.79 IDR 459.64 IDR 54
EV/Revenue 172.73 IDR 235.87 IDR 299.02 IDR 43
Asset-Based
NCAV (Graham) 15.79 IDR 21.16 IDR 31.58 IDR 50
Growth DCF
Growth DCF 324.73 IDR 552.87 IDR 956.88 IDR 80
Rev-Margin DCF 218.52 IDR 336.33 IDR 485.70 IDR 74
Economic Profit
Residual Income 86.85 IDR 103.16 IDR 479.08 IDR 76
ROIC Compounder 155.96 IDR 182.83 IDR 209.55 IDR 72
Growth Earnings
Growth-Adj P/E 171.80 IDR 245.43 IDR 319.06 IDR 68

Widest divergence: DCF Models (419.57 IDR) versus Asset-Based (21.16 IDR). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 3.9T IDR
Revenue growth (YoY) +6.4%
Net margin 7.8%
Return on equity 39.6%
Free cash flow 540B IDR FY2025
P/E ratio 128.2
More key figures
Operating margin 4.9%
EPS (TTM) 161.04 IDR
EPS growth (YoY) -53.2%
Net cash 496B IDR FY2025

Figures from reported company fundamentals · as of Jul 31, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 67 · Market factors (momentum, volatility) 9

Profitability 62
Margins and returns on capital today
Quality Growth 26
Are margins and returns improving?
Cashflow 76
Earnings quality: real cash, not paper profit
Fin. Strength 73
Balance sheet, leverage, solvency risk
Investment 79
Disciplined investing over empire-building
Low Volatility 18
Calm price path (market factor)
Momentum 9
Price trend over the last 3–12 months (market factor)
52W Momentum 0
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 Multipolar Technology Tbk provides consultation, integration, and information technology management services in Indonesia.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT 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.

Growth Quality 80/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
3.8T IDR
Latest YoY
+2.9%
Avg. growth/yr (3Y)
+3.7%
Avg. growth/yr (5Y)
+7.4%
Avg. growth/yr (15Y)
+22.6%
Revenue +6.4%/yr
FY21 3.0T IDR
FY22 3.4T IDR
FY23 3.3T IDR
FY24 3.7T IDR
FY25 3.8T IDR
Net income +6.7%/yr
FY21 259B IDR
FY22 559B IDR
FY23 224B IDR
FY24 369B IDR
FY25 336B IDR

MLPT screens 100% overvalued. Compare with International Business Machines Corporation →

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Cite: Fair Value Calculator (2026). "PT Multipolar Technology Tbk Fair Value". https://www.fairvalue-calculator.com/stock/MLPT

Peer Group

Information Technology Services · 480 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 66 · Top 25%
Fair Value upside −99% · Bottom 25%
Return on equity (TTM) 40% · Top 25%
Return on assets 6% · Above median
Net margin (TTM) 8% · Above median
Operating margin (TTM) 5% · Below median
Revenue growth 6% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.24× · Higher than median

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/E (TTM) 128.2× · Pricier than 75% of peers
P/S (TTM) 9.96× · Pricier than 75% of peers
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 64.7× · Pricier 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 0 · sector 20
FUTURE 32 · sector 29
PAST 100 · sector 36
HEALTH 88 · sector 97
DIVIDEND 0 · sector 37

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

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 Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Jul 31, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.92 $143.90 -39%
Accenture plc ACNN 2,460 MXN 250.95 MXN -90%
Infosys Limited INFY ₹1,156 ₹1,457 +26%
HCL Technologies Limited HCLTECH ₹1,204 ₹1,230 +2%
Wipro Limited WIPRO ₹178.43 ₹226.81 +27%
Tech Mahindra Limited TECHM ₹1,455 ₹1,086 -25%
Samsung SDS Co 018260 199,300 KRW 196,390 KRW -1%
Persistent Systems Limited PERSISTENT ₹5,059 ₹2,364 -53%
Hyundai Autoever Corporation 307950 393,000 KRW 133,088 KRW -66%
Coforge Limited COFORGE ₹1,541 ₹702.84 -54%

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Frequently asked questions

Is PT Multipolar Technology Tbk (MLPT) overvalued or undervalued?
As of Jul 31, 2026, our model estimates a fair value of 0.4422 IDR versus a price of 1,615 IDR, about −100% (overvalued).
What is the fair value of MLPT?
Our model-based fair value for PT Multipolar Technology Tbk is 0.4422 IDR (as of Jul 31, 2026), built from audited fundamentals. The current price is 1,615 IDR.
What is the quality score of MLPT?
PT 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 revenue of PT Multipolar Technology Tbk (MLPT)?
PT Multipolar Technology Tbk reported trailing-twelve-month revenue of about 3.9T IDR (latest available figure, as of Jul 31, 2026).
What is the net profit margin of MLPT?
The net profit margin of PT Multipolar Technology Tbk is about 7.8%, meaning it keeps roughly 7.8% 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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