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PT Mitra Pinasthika Mustika Tbk, through its subsidiaries, (MPMX) Fair Value & Analysis

Consumer Cyclical · ID · Market cap 4.4T IDR

PM PT Mitra Pinasthika Mustika Tbk, through its subsidiaries, MPMX · JK
Price1,005 IDR
Fair Value1,790 IDR
Upside+78.1%
Quality61/100
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Expensive Growth
Thin margins · 3.0% net margin
Low debt · generates free cash flow
Ranks above peers (12/14)
Narrow moat 38/100
Evidence: High Range 1,282 IDR – 2,238 IDR Share as image

Fair value as of: Jul 18, 2026

From 24 valuation models · updated 23 days ago

Share price +2.0% over the past month.

A solid business, screening 78% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (1,282 IDR). The market is more pessimistic than our downside scenario.
  • Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

1,010 IDR 220.98 IDR Fair Value 1,790 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range 220.98 IDR – 1,010 IDR · fair‑value band 1,282 IDR – 2,238 IDR · the 1,005 IDR price screens below the 1,790 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

Full chart & analysis →

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Analysis

PT Mitra Pinasthika Mustika Tbk, through its subsidiaries, (MPMX) currently trades at 1,005 IDR, while our model-based Fair Value estimate is 1,790 IDR, implying the stock looks roughly 78.1% undervalued today. The Quality Score stands at 61/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, PT Mitra Pinasthika Mustika Tbk, through its subsidiaries, generated revenue of 16.0T IDR at a net margin of 3.0%. Revenue declined 4.2% year over year. It earns a return on equity of 7.6%. The balance sheet holds a net cash position of 1.4T IDR. Fundamentals as of Jul 18, 2026

Our scenario range runs from 1,282 IDR (bear case) to 2,238 IDR (bull case); at 1,005 IDR, the current price sits below 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 near its 52-week high and 30% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -14% fair-value upside, at 78%, MPMX screens cheaper 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 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
Highest evidence
Growth DCF 423.54 IDR 444.70 IDR 475.12 IDR 80
Residual Income 1,156 IDR 1,244 IDR 1,417 IDR 76
ROIC Compounder 959.69 IDR 1,063 IDR 1,155 IDR 72
All 24 models by family
DCF Models
FCF DCF 421.95 IDR 444.50 IDR 478.30 IDR 38
Owner Earnings 1,628 IDR 2,225 IDR 3,118 IDR 31
5Y Revenue Exit 901.83 IDR 1,301 IDR 1,802 IDR 39
5Y EBITDA Exit 970.48 IDR 1,423 IDR 1,934 IDR 41
5Y P/E Exit 1,382 IDR 2,154 IDR 2,930 IDR 38
10Y Revenue Exit 703.13 IDR 1,033 IDR 1,458 IDR 36
10Y EBITDA Exit 772.12 IDR 1,117 IDR 1,557 IDR 37
10Y P/E Exit 1,035 IDR 1,623 IDR 2,299 IDR 35
Earnings-Based
Graham-Dodd 716.09 IDR 1,672 IDR 2,150 IDR 54
PEG = 1.0 285.28 IDR 407.54 IDR 529.80 IDR 46
EPV 959.69 IDR 1,063 IDR 1,155 IDR 59
Dividend Discount
Gordon GGM 1,153 IDR 2,030 IDR 3,171 IDR 70
DDM Multi-Stage 1,153 IDR 1,736 IDR 2,410 IDR 61
Multiples
P/E Multiple 1,738 IDR 2,317 IDR 2,896 IDR 63
P/S Multiple 1,343 IDR 1,790 IDR 2,238 IDR 58
P/B Multiple 1,343 IDR 1,790 IDR 2,238 IDR 55
EV/EBIT 1,615 IDR 2,028 IDR 2,442 IDR 53
EV/EBITDA 1,391 IDR 1,730 IDR 2,068 IDR 54
EV/Revenue 1,211 IDR 1,569 IDR 1,927 IDR 43
Asset-Based
NCAV (Graham) 681.96 IDR 913.83 IDR 1,364 IDR 50
Growth DCF
Growth DCF 423.54 IDR 444.70 IDR 475.12 IDR 80
Economic Profit
Residual Income 1,156 IDR 1,244 IDR 1,417 IDR 76
ROIC Compounder 959.69 IDR 1,063 IDR 1,155 IDR 72
Growth Earnings
Growth-Adj P/E 1,309 IDR 1,870 IDR 2,430 IDR 68

Widest divergence: Growth Earnings (1,870 IDR) versus Growth DCF (444.70 IDR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 16.0T IDR
Revenue growth (YoY) -4.2%
Net margin 3.0%
Return on equity 7.6%
Free cash flow 18.5B IDR FY2025
P/E ratio 8.6
More key figures
Operating margin 4.7%
EPS (TTM) 107.00 IDR
EPS growth (YoY) +5.7%
Net cash 1.4T IDR FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 59 · Market factors (momentum, volatility) 79

Profitability 46
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 8
Earnings quality: real cash, not paper profit
Fin. Strength 93
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 64
Price trend over the last 3–12 months (market factor)
52W Momentum 80
Distance to the 52-week high (market factor)
Net Issuance 80
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 Mitra Pinasthika Mustika Tbk, through its subsidiaries, engages in the distribution of two-wheel vehicle and spare parts under Honda brand primarily in Indonesia. The company operates through two segments: Distribution, Retail, and Aftermarket; and Insurance.

Full company description

PT Mitra Pinasthika Mustika Tbk, through its subsidiaries, engages in the distribution of two-wheel vehicle and spare parts under Honda brand primarily in Indonesia. The company operates through two segments: Distribution, Retail, and Aftermarket; and Insurance. It is involved in the sales of two-wheel vehicles and its supporting components motor vehicles trading; vehicles trading using software; computer consultant activities and other computer facility management; sales of four-wheel vehicles and its supporting components; distribution of oil lubricants; vehicles and motorcycles spare parts and accessories trading; and vehicles reparation and motorcycle maintenance. The company also provides general insurance services. PT Mitra Pinasthika Mustika Tbk was founded in 1987 and is headquartered in Jakarta, Indonesia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Mitra Pinasthika Mustika Tbk, through its subsidiaries, reported revenue of 16.2T IDR in FY2025 versus 12.9T IDR in FY2021, a compound +5.8%/yr. Reported net income was 462B IDR in FY2025, compounding +2.9%/yr from FY2021.

Growth Quality 55/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
16.2T IDR
Latest YoY
+2.4%
Avg. growth/yr (3Y) 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.
+8.2%
Avg. growth/yr (5Y) 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.
+7.6%
Avg. growth/yr (15Y) 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.
+5.0%
Revenue +5.8%/yr
FY21 12.9T IDR
FY22 12.7T IDR
FY23 13.9T IDR
FY24 15.8T IDR
FY25 16.2T IDR
Net income +2.9%/yr
FY21 412B IDR
FY22 662B IDR
FY23 526B IDR
FY24 582B IDR
FY25 462B IDR
Character of growth · EPS growth decomposed (2014-2025) +3.6 % p.a.
Revenue per share −1.2 pp

of which total revenue −1.1 pp · buybacks/dilution −0.1 pp

EBIT margin −3.9 pp
Tax rate +2.2 pp
Residual (interest, one-offs) +6.4 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "PT Mitra Pinasthika Mustika Tbk, through its subsidiaries, Fair Value". https://www.fairvalue-calculator.com/stock/MPMX

Peer Group

Auto & Truck Dealerships · 102 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 61 · Top 25%
Fair Value upside +78% · Top 25%
Return on equity (TTM) 8% · Above median
Return on assets 5% · Above median
Net margin (TTM) 3% · Above median
Operating margin (TTM) 5% · Above median
Revenue growth -4% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Auto & Truck Dealerships median · lower = cheaper

P/E (TTM) 9.3× · Cheaper than 75% of peers
P/B 0.73× · Cheaper than median
P/S (TTM) 0.28× · Cheaper than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 3.8× · 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 100 · sector 21
FUTURE 0 · sector 9
PAST 30 · sector 20
HEALTH 100 · sector 89
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 Auto & Truck Dealerships stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Carvana Co CVNA $70.38 $24.58 -65%
Penske Automotive Group PAG $202.66 $241.86 +19%
Hotai Motor Co 2207 476.50 TWD 576.75 TWD +21%
CarMax, Inc KMX $58.47 $29.62 -49%
Lithia Motors, Inc LAD $339.16 $610.95 +80%
AutoNation, Inc AN $205.72 $329.77 +60%
Rush Enterprises, Inc RUSHA $76.89 $66.27 -14%
Valvoline Inc VVV $38.64 $24.57 -36%
OPENLANE, Inc OPLN $39.46 $33.81 -14%
Eagers Automotive Limited APE A$20.83 A$17.66 -15%

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Frequently asked questions

Is PT Mitra Pinasthika Mustika Tbk, through its subsidiaries, (MPMX) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 1,790 IDR versus a price of 1,005 IDR, about +78% (undervalued).
What is the fair value of MPMX?
Our model-based fair value for PT Mitra Pinasthika Mustika Tbk, through its subsidiaries, is 1,790 IDR (as of Jul 18, 2026), built from audited fundamentals. The current price is 1,005 IDR.
What is the quality score of MPMX?
PT Mitra Pinasthika Mustika Tbk, through its subsidiaries, has a Quality Score of 61/100. 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 Mitra Pinasthika Mustika Tbk, through its subsidiaries, (MPMX)?
PT Mitra Pinasthika Mustika Tbk, through its subsidiaries, reported trailing-twelve-month revenue of about 16.0T IDR (latest available figure, as of Jul 18, 2026).
What is the net profit margin of MPMX?
The net profit margin of PT Mitra Pinasthika Mustika Tbk, through its subsidiaries, is about 3.0%, meaning it keeps roughly 3.0% 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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