PT Megapower Makmur Tbk (MPOW) Fair Value & Analysis
Utilities · ID · Market cap 78.4B IDR
Fair value as of: Jul 16, 2026
From 11 valuation models · updated 25 days ago
Share price +17.6% over the past month.
A solid business, screening 27% undervalued on our models.
What matters now
- Solid quality (50/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (91.90 IDR to 178.93 IDR) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.
How to read this chart
60‑month range 50.00 IDR – 165.00 IDR · fair‑value band 91.90 IDR – 178.93 IDR · the 107.00 IDR price screens below the 135.42 IDR fair value. Dashed = 300-day average. As of Jul 16, 2026.
Analysis
PT Megapower Makmur Tbk (MPOW) currently trades at 107.00 IDR, while our model-based Fair Value estimate is 135.42 IDR, implying the stock looks roughly 26.6% undervalued today. The Quality Score stands at 50/100 (solid quality), in the Utilities 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: medium), always confirm before acting.
Over the trailing twelve months, PT Megapower Makmur Tbk generated revenue of 29.5B IDR at a net margin of -47.3%. Revenue declined 56.6% year over year. It earns a return on equity of -13.0%. Net debt stands at 31.6B IDR. Fundamentals as of Jul 16, 2026
Our scenario range runs from 91.90 IDR (bear case) to 178.93 IDR (bull case); at 107.00 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 45% below its 52-week high and 23% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -59% fair-value upside, at 27%, MPOW 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.
All 11 models by family
Widest divergence: Growth DCF (118.04 IDR) versus Asset-Based (85.32 IDR). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 51 · Market factors (momentum, volatility) 26
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 Megapower Makmur Tbk operates as an independent power producer company in Indonesia. The company generates electricity from hydro, diesel, and solar sources.
Full company description
PT Megapower Makmur Tbk operates as an independent power producer company in Indonesia. The company generates electricity from hydro, diesel, and solar sources. It also engages in investment holdings, civil engineering and building management, development and property management, toll road concessions, mining, building materials industry, and power plants, as well as in the operation, maintenance, and repair of the power plants; technical support; and management and training of the plant personnel. The company was founded in 2007 and is headquartered in Jakarta Utara, Indonesia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
PT Megapower Makmur Tbk reported revenue of 34.0B IDR in FY2025 versus 42.0B IDR in FY2021, a compound −5.1%/yr. Reported net income was −11.2B IDR in FY2025.
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Peer Group
Utilities - Independent Power Producers · 77 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.
Valuation Multiples vs Utilities - Independent Power Producers median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Utilities - Independent Power Producers stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Constellation Energy Corporation CEG | $257.57 | $89.08 | -65% |
| Vistra Corp VST | $158.86 | $47.59 | -70% |
| Adani Power Limited ADANIPOWER | ₹218.45 | ₹75.57 | -65% |
| CGN Power Co 003816 | ¥3.88 | ¥3.13 | -19% |
| NRG Energy, Inc NRG | $137.90 | $56.02 | -59% |
| Gulf Development Public Company GULF | 67.50 THB | 40.44 THB | -40% |
| Adani Energy Solutions Limited ADANIENSOL | ₹1,730 | ₹342.02 | -80% |
| Talen Energy Corporation TLN | $372.37 | $44.67 | -88% |
| Datang International Power Generation Co 601991 | ¥5.80 | ¥4.95 | -15% |
| Power Assets Holdings 0006 | HK$58.45 | HK$31.90 | -45% |
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Frequently asked questions
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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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