PT Mitra Pedagang Indonesia Tb (MPIX) fair value: what the stock is really worth
As of Oct 14, 2026: fair value of PT Mitra Pedagang Indonesia Tb IDR 142, price IDR 197, upside -27.9%, quality 48 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 3, 2026.
How to read this chart
32‑month range 51.56 IDR – 331.17 IDR · fair‑value band 64.57 IDR – 177.44 IDR · the 197.00 IDR price screens above the 141.95 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 3, 2026.
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PT Mitra Pedagang Indonesia Tbk, a technology company, operates a digital platform that facilitates transactions for micro, small, and medium enterprises (MSMEs) under the MPStore brand in Indonesia. The company operates through Digital Product, FMCG, and Digital Financial Services segments.
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It offers digital product aggregator and payment channel services, quick response code Indonesian standard (QRIS) services, online cashier services, street banking/mini automatic teller machine services, e-commerce and e-grocery (wholesale) services, logistics agent services, capital access/micro-business credit services, AI and quick commerce services, and PPOB sales services.
The company was formerly known as PT Modern Pulsa Investama. The company was founded in 2018 and is headquartered in Bangkalan, Indonesia. PT Mitra Pedagang Indonesia Tbk operates as a subsidiary of PT Madura Prima Investama.
Stock analysis
PT Mitra Pedagang Indonesia Tb (MPIX) currently trades at 197.00 IDR, while our model-based Fair Value estimate is 141.95 IDR, 27.9% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 256.23 IDR per share, and 5 of the 24 models we run sit above the 197.00 IDR price.
Bear case: the Growth DCF group reads lowest at 44.87 IDR, and 19 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: 64.57 IDR (bear) to 177.44 IDR (bull), the price of 197.00 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 48/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
PT Mitra Pedagang Indonesia Tb reported revenue of 1.9T IDR in FY2025 versus 169B IDR in FY2021, a compound +84.2%/yr. Reported net income was 7.9B IDR in FY2025, compounding +22.4%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 308B IDR (≈ $17.2M) · P/S ratio 0.14 · Dividend yield 0.3% · Net margin 0.4% · Return on equity 6.4% · Return on assets (EBIT) 34.5% · Operating margin 0.9% · Revenue (TTM) 2.2T IDR.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 31 out of 100 (low confidence).
What moves the price
The share trades about 12% below its 52-week high and 208% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −23% fair-value upside, at −28%, MPIX screens richer than that median.
Fair Value models
Bear64.57 IDRFair Value 141.95 IDRBull177.44 IDR
Price 197.00 IDR · Upside -27.9%
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.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.Coverage ⓘCoverage = 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.
Best data coverage
FCF DCF26.66 IDR39.14 IDR78.04 IDR74
EPV52.50 IDR60.23 IDR66.89 IDR74
Residual Income73.17 IDR73.38 IDR77.89 IDR74
All 24 models by family
DCF Models
FCF DCF26.66 IDR39.14 IDR78.04 IDR74
5Y Revenue Exit59.91 IDR111.92 IDR221.66 IDR66
5Y EBITDA Exit105.12 IDR203.31 IDR396.60 IDR68
5Y P/E Exit88.76 IDR214.52 IDR389.41 IDR65
10Y Revenue Exit48.00 IDR125.47 IDR182.35 IDR63
10Y EBITDA Exit82.98 IDR220.59 IDR473.34 IDR60
10Y P/E Exit71.31 IDR186.17 IDR382.90 IDR57
Earnings-Based
Graham-Dodd34.47 IDR240.42 IDR337.39 IDR61
Lynch FV124.21 IDR177.44 IDR230.67 IDR59
PEG = 1.0124.21 IDR177.44 IDR230.67 IDR55
EPV52.50 IDR60.23 IDR66.89 IDR74
Dividend Discount
Gordon GGM4.39 IDR8.75 IDR13.25 IDR64
DDM Multi-Stage4.39 IDR7.56 IDR9.24 IDR65
Multiples
P/E Multiple106.47 IDR141.95 IDR177.44 IDR63
P/S Multiple64.64 IDR86.19 IDR107.73 IDR58
P/B Multiple64.64 IDR86.19 IDR107.73 IDR55
EV/EBIT127.96 IDR169.43 IDR210.91 IDR66
EV/EBITDA132.16 IDR175.03 IDR217.91 IDR67
EV/Revenue66.44 IDR93.40 IDR120.36 IDR54
Asset-Based
NCAV (Graham)48.39 IDR64.84 IDR96.78 IDR54
Growth DCF
Growth DCF25.25 IDR44.87 IDR76.47 IDR73
Economic Profit
Residual Income73.17 IDR73.38 IDR77.89 IDR74
ROIC Compounder52.50 IDR60.23 IDR66.89 IDR70
Growth Earnings
Growth-Adj P/E179.36 IDR256.23 IDR333.09 IDR65
P/S and P/B multiple show the same value here: both are capped by the same earnings anchor (earnings per share times 17), because margin and return on equity do not support the sector multiple.
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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+30.2%
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.
+47.7%
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.
+102.5%
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.
+14.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.7%
Dividend (yield on the price)0.3%
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.1% → 1%
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).
+54.8%
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 +50.9% a year for the price.
Compare PT Mitra Pedagang Indonesia Tb 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.Software - Infrastructure · 351 stocks
Beats the industry median on 4/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside−27.9% · Below median
Profitability
Return on equity (12 months)6.4% · Above median
Return on assets4.8% · Above median
Net margin (12 months)0.5% · Below median
Operating margin (12 months)0.9% · Below median
Growth and dividend
Revenue growth40.3% · Top 25%
Dividend yield (12 months)0.3% · Bottom 25%
Balance sheet
Debt / equity0.01× · Below median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 25
FUTURE (revenue growth)100· sector 55
PAST (return on equity)26· sector 21
HEALTH (low debt)100· sector 98
DIVIDEND (yield)5· sector 30
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.
Cite: Fair Value Calculator (2026). "PT Mitra Pedagang Indonesia Tb Fair Value". https://www.fairvalue-calculator.com/stock/MPIX
Frequently asked questions
Is PT Mitra Pedagang Indonesia Tb (MPIX) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of 141.95 IDR versus a price of 197.00 IDR, about −28% upside (overvalued).
What is the fair value of MPIX?
Our model-based fair value for PT Mitra Pedagang Indonesia Tb is 141.95 IDR (as of Oct 3, 2026), built from audited fundamentals. The current price: 197.00 IDR.
What is the quality score of MPIX?
PT Mitra Pedagang Indonesia Tb has a Quality Score of 48/100. 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 PT Mitra Pedagang Indonesia Tb (MPIX)?
Our model-based price target is the fair value of 141.95 IDR (as of Oct 3, 2026) from 24 valuation models. Cautious scenario 64.57 IDR, optimistic scenario 177.44 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the PT Mitra Pedagang Indonesia Tb stock forecast for 2026?
Our models put fair value at 141.95 IDR, about −28% upside versus a price of 197.00 IDR (overvalued). Cautious scenario 64.57 IDR, optimistic scenario 177.44 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of PT Mitra Pedagang Indonesia Tb (MPIX)?
PT Mitra Pedagang Indonesia Tb reported trailing-twelve-month revenue of about 2.2T IDR (latest available figure, as of Oct 3, 2026).
Does PT Mitra Pedagang Indonesia Tb pay a dividend?
PT Mitra Pedagang Indonesia Tb currently shows a dividend yield of about 0.26% relative to its recent price (as of Oct 3, 2026).
What growth is priced into PT Mitra Pedagang Indonesia Tb (MPIX)?
For today's price to be fair in a discounted-cash-flow model, PT Mitra Pedagang Indonesia Tb would have to grow free cash flow by +54.8 % per year for five years (discount rate 10.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +102.5 % per year. As of Oct 3, 2026.
What discount rate (WACC) does the fair value of MPIX use?
Our models discount PT Mitra Pedagang Indonesia Tb at 10.8 %: a base by market capitalisation (nano), damped by beta 0.61, 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 PT Mitra Pedagang Indonesia Tb that is +54.8 % per year a year over ten years, using the same discount rate (10.8 %) and the same formula as our fair value.
How much growth has PT Mitra Pedagang Indonesia Tb (MPIX) delivered so far?
Over the past 5 years revenue at PT Mitra Pedagang Indonesia Tb grew +102.5 % a year. The price currently implies +54.8 % 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 PT Mitra Pedagang Indonesia Tb (MPIX) growing?
The median revenue growth in the sector is +15.5 % a year. That is the yardstick for the growth priced into PT Mitra Pedagang Indonesia Tb (+54.8 % 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 PT Mitra Pedagang Indonesia Tb (MPIX)?
The free-cash-flow yield on the price is 0.62 %: that much free cash flow PT Mitra Pedagang Indonesia Tb produces per unit of market value. When it exceeds the discount rate of our models (10.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of PT Mitra Pedagang Indonesia Tb (MPIX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For PT Mitra Pedagang Indonesia Tb it is 141.95 IDR per share (as of Oct 3, 2026), against a price of 197.00 IDR. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is PT Mitra Pedagang Indonesia Tb stock overvalued or undervalued in 2026?
As of Oct 3, 2026, MPIX trades above its calculated fair value: price 197.00 IDR, fair value 141.95 IDR, a gap of about −28% (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 MPIX?
No. The price is what the market pays today (197.00 IDR); the fair value is what the company's own numbers justify (141.95 IDR). For PT Mitra Pedagang Indonesia Tb the two are 55.05 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is PT Mitra Pedagang Indonesia Tb worth?
The market values PT Mitra Pedagang Indonesia Tb at about 308B IDR (market capitalisation, as of Oct 3, 2026). Per share that is 197.00 IDR; our models calculate a fair value of 141.95 IDR per share.
What do the bullish and bearish scenarios say about MPIX?
Our models span a range for PT Mitra Pedagang Indonesia Tb: cautious scenario 64.57 IDR, base 141.95 IDR, optimistic 177.44 IDR per share (as of Oct 3, 2026, price 197.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of PT Mitra Pedagang Indonesia Tb (MPIX)?
Balance-sheet figures for PT Mitra Pedagang Indonesia Tb (as of Oct 3, 2026): return on equity 6.4%, debt of 0.01 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is MPIX from its 52-week high?
PT Mitra Pedagang Indonesia Tb trades at 197.00 IDR, about 12% below its 52-week high of 224.00 IDR and 208% above the low of 64.00 IDR (as of Oct 14, 2026). Distance from the high says nothing about value: that is what the fair value of 141.95 IDR is for.
Which stocks are comparable to PT Mitra Pedagang Indonesia Tb?
From the same area (Technology) we also value Microsoft Corporation, Palantir Technologies Inc, Oracle Corporation, CrowdStrike Holdings, 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 PT Mitra Pedagang Indonesia Tb stock attractive at the current price?
The data as of Oct 3, 2026: price 197.00 IDR, calculated fair value 141.95 IDR (−28%), Quality Score 48/100, from 24 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 MPIX calculated?
We run PT Mitra Pedagang Indonesia Tb through 24 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 141.95 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 14.7 % above its aggregate fair value. PT Mitra Pedagang Indonesia Tb 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 PT Mitra Pedagang Indonesia Tb (MPIX)?
The closing price on Oct 14, 2026 was 197.00 IDR. Our model-based fair value is 141.95 IDR, about −28% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with PT Mitra Pedagang Indonesia Tb right now?
The price sits above even our optimistic bull case (177.44 IDR). The favourable scenario is already priced in. The model range is unusually wide (64.57 IDR to 177.44 IDR). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of PT Mitra Pedagang Indonesia Tb
How large is the market capitalisation of PT Mitra Pedagang Indonesia Tb (MPIX)?
The market capitalisation of PT Mitra Pedagang Indonesia Tb is 308B IDR (≈ $17.2M). 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 PT Mitra Pedagang Indonesia Tb (MPIX)?
The price-to-sales ratio of PT Mitra Pedagang Indonesia Tb is 0.14 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of PT Mitra Pedagang Indonesia Tb (MPIX)?
The dividend yield of PT Mitra Pedagang Indonesia Tb is 0.3%. 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 PT Mitra Pedagang Indonesia Tb (MPIX)?
The net margin of PT Mitra Pedagang Indonesia Tb is 0.4% (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 PT Mitra Pedagang Indonesia Tb (MPIX)?
The return on equity (ROE) of PT Mitra Pedagang Indonesia Tb is 6.4% (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 PT Mitra Pedagang Indonesia Tb (MPIX)?
On an EBIT basis the return on assets of PT Mitra Pedagang Indonesia Tb is 34.5% (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 PT Mitra Pedagang Indonesia Tb (MPIX)?
The operating margin of PT Mitra Pedagang Indonesia Tb is 0.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at PT Mitra Pedagang Indonesia Tb (MPIX)?
Revenue at PT Mitra Pedagang Indonesia Tb is growing +40.3% versus a year earlier (3y avg +47.7%). 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 PT Mitra Pedagang Indonesia Tb (MPIX)?
Earnings per share at PT Mitra Pedagang Indonesia Tb are growing +54.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does PT Mitra Pedagang Indonesia Tb (MPIX) hold?
PT Mitra Pedagang Indonesia Tb holds more cash than debt, 4.1B IDR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Oct 3, 2026