Matahari Putra Prima Tbk (MPPA) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Matahari Putra Prima Tbk IDR 34, price IDR 36, upside -6.0%, quality 34 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 4, 2026.
How to read this chart
60‑month range 34.00 IDR – 1,235 IDR · fair‑value band 27.64 IDR – 43.18 IDR · the 36.00 IDR price screens above the 33.83 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 4, 2026.
Follow Matahari Putra Prima Tbk in your weekly email
Every Wednesday you see whether Matahari Putra Prima Tbk is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
PT Matahari Putra Prima Tbk, together with its subsidiaries, operates as a retailer in Indonesia. The company operates through Retail and Wholesale segments.
Show more
PT Matahari Putra Prima Tbk, together with its subsidiaries, operates as a retailer in Indonesia. The company operates through Retail and Wholesale segments. The company offers food, beverages, and tobacco in minimarkets, supermarkets, and hypermarkets; and non-food items, such as clothing, home furnishing, toys, cosmetics, pharmaceuticals, and health products. It also operates Hypermart, Foodmart, Hyfresh, and Boston Health & Beauty stores. The company was founded in 1986 and is headquartered in Tangerang, Indonesia. PT Matahari Putra Prima Tbk is a subsidiary of PT Multipolar Tbk.
Stock analysis
Matahari Putra Prima Tbk (MPPA) currently trades at 36.00 IDR, while our model-based Fair Value estimate is 33.83 IDR, so the stock looks roughly fairly valued today (gap 6.4%).
Show more
Valuation
Bull case: the Growth DCF group reads highest at a median of 39.72 IDR per share, and 6 of the 9 models we run sit above the 36.00 IDR price.
Bear case: the Multiples group reads lowest at 18.48 IDR, and 3 of the 9 models stay below the price. Evidence for this calculation is low.
Scenario range: 27.64 IDR (bear) to 43.18 IDR (bull), the price of 36.00 IDR sits inside 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 34/100 (below-average quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Matahari Putra Prima Tbk reported revenue of 7.3T IDR in FY2025 versus 6.7T IDR in FY2021, a compound +2.2%/yr. Reported net income was −152B IDR in FY2025.
Key figures
Market cap 1.2T IDR (≈ $68.1M) · P/S ratio 0.16 · EPS (TTM) −10.08 IDR · Net margin −2.1% · Return on equity −449% · Return on assets (EBIT) −1.9% · Operating margin −0.7% · Revenue (TTM) 7.4T IDR.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).
What moves the price
The share trades about 56% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −6% fair-value upside, at −6%, MPPA screens richer than that median.
Fair Value models
Bear 27.64 IDRFair Value 33.83 IDRBull 43.18 IDR
Price 36.00 IDR · Upside -6.0%
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.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.23/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−2.6%
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.
−0.7%
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.
+0.2%
Start year 2020 (pandemic). Over 10 years: −6.7% a year
Revenue growth 25 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.
+2.1%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
Profit margin (trend) ⓘ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.
−1.8% (2020) → −0.7% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+21.1%
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 +18.1% a year for the price.
Compare Matahari Putra Prima Tbk with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Department Stores · 107 stocks
Beats the industry median on 2/7 measures
Overall it trails its industry peers.
Valuation
Quality Score34 · Bottom 25%
Fair Value upside−6.0% · Below median
Profitability
Return on equity (TTM)Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets0.9% · Below median
Net margin (TTM)−1.7% · Bottom 25%
Operating margin (TTM)−0.7% · Bottom 25%
Growth and dividend
Revenue growth3.3% · Above median
Balance sheet
Debt / equityNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Valuation Multiplesvs Department Stores median · lower = cheaper
P/BNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
PEG0.65× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)25· sector 39
FUTURE (revenue growth)17· sector 4
PAST (return on equity)0· sector 19
HEALTH (low debt)0· sector 96
DIVIDEND (yield)0· sector 41
PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.
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). "Matahari Putra Prima Tbk Fair Value". https://www.fairvalue-calculator.com/stock/MPPA
Frequently asked questions
Is Matahari Putra Prima Tbk (MPPA) overvalued or undervalued?
As of Oct 4, 2026, our model estimates a fair value of 33.83 IDR versus a price of 36.00 IDR, about −6% upside (fairly valued).
What is the fair value of MPPA?
Our model-based fair value for Matahari Putra Prima Tbk is 33.83 IDR (as of Oct 4, 2026), built from audited fundamentals. The current price: 36.00 IDR.
What is the quality score of MPPA?
Matahari Putra Prima Tbk has a Quality Score of 34/100. 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 Matahari Putra Prima Tbk (MPPA)?
Our model-based price target is the fair value of 33.83 IDR (as of Oct 4, 2026) from 9 valuation models. Cautious scenario 27.64 IDR, optimistic scenario 43.18 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Matahari Putra Prima Tbk stock forecast for 2026?
Our models put fair value at 33.83 IDR, about −6% upside versus a price of 36.00 IDR (fairly valued). Cautious scenario 27.64 IDR, optimistic scenario 43.18 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Matahari Putra Prima Tbk (MPPA)?
Matahari Putra Prima Tbk reported trailing-twelve-month revenue of about 7.4T IDR (latest available figure, as of Oct 4, 2026).
What growth is priced into Matahari Putra Prima Tbk (MPPA)?
For today's price to be fair in a discounted-cash-flow model, Matahari Putra Prima Tbk would have to grow free cash flow by +21.1 % per year for five years (discount rate 14.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +0.2 % per year. As of Oct 4, 2026.
What discount rate (WACC) does the fair value of MPPA use?
Our models discount Matahari Putra Prima Tbk at 14.3 %: a base by market capitalisation (micro), damped by beta 0.83, 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 Matahari Putra Prima Tbk that is +21.1 % per year a year over ten years, using the same discount rate (14.3 %) and the same formula as our fair value.
How much growth has Matahari Putra Prima Tbk (MPPA) delivered so far?
Over the past 5 years revenue at Matahari Putra Prima Tbk grew +0.2 % a year. The price currently implies +21.1 % 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 Matahari Putra Prima Tbk (MPPA) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Matahari Putra Prima Tbk (+21.1 % 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 Matahari Putra Prima Tbk (MPPA)?
The free-cash-flow yield on the price is 10.24 %: that much free cash flow Matahari Putra Prima Tbk produces per unit of market value. When it exceeds the discount rate of our models (14.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Matahari Putra Prima Tbk (MPPA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Matahari Putra Prima Tbk it is 33.83 IDR per share (as of Oct 4, 2026), against a price of 36.00 IDR. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Matahari Putra Prima Tbk stock overvalued or undervalued in 2026?
As of Oct 4, 2026, MPPA trades above its calculated fair value: price 36.00 IDR, fair value 33.83 IDR, a gap of about −6% (fairly valued). 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 MPPA?
No. The price is what the market pays today (36.00 IDR); the fair value is what the company's own numbers justify (33.83 IDR). For Matahari Putra Prima Tbk the two are 2.17 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Matahari Putra Prima Tbk worth?
The market values Matahari Putra Prima Tbk at about 1.2T IDR (market capitalisation, as of Oct 4, 2026). Per share that is 36.00 IDR; our models calculate a fair value of 33.83 IDR per share.
What do the bullish and bearish scenarios say about MPPA?
Our models span a range for Matahari Putra Prima Tbk: cautious scenario 27.64 IDR, base 33.83 IDR, optimistic 43.18 IDR per share (as of Oct 4, 2026, price 36.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of MPPA?
The PEG ratio of Matahari Putra Prima Tbk is 0.65 (P/E divided by earnings growth, as of Oct 4, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Matahari Putra Prima Tbk (MPPA)?
Balance-sheet figures for Matahari Putra Prima Tbk (as of Oct 4, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 34/100, which measures business quality independently of the share price.
How far is MPPA from its 52-week high?
Matahari Putra Prima Tbk trades at 36.00 IDR, about 56% below its 52-week high of 82.00 IDR and 6% above the low of 34.00 IDR (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 33.83 IDR is for.
Which stocks are comparable to Matahari Putra Prima Tbk?
From the same area (Consumer Cyclical) we also value Falabella S.A, Dillard's, Inc, 99 Speed Mart Retail Holdings, Macy's, Inc, 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 Matahari Putra Prima Tbk stock attractive at the current price?
The data as of Oct 4, 2026: price 36.00 IDR, calculated fair value 33.83 IDR (−6%), Quality Score 34/100, from 9 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 MPPA calculated?
We run Matahari Putra Prima Tbk through 9 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 33.83 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 15.0 % above its aggregate fair value. Matahari Putra Prima 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 Matahari Putra Prima Tbk (MPPA)?
The closing price on Oct 2, 2026 was 36.00 IDR. Our model-based fair value is 33.83 IDR, about −6% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Matahari Putra Prima Tbk right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Matahari Putra Prima Tbk
How large is the market capitalisation of Matahari Putra Prima Tbk (MPPA)?
The market capitalisation of Matahari Putra Prima Tbk is 1.2T IDR (≈ $68.1M). 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 Matahari Putra Prima Tbk (MPPA)?
The price-to-sales ratio of Matahari Putra Prima Tbk is 0.16 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Matahari Putra Prima Tbk (MPPA)?
Earnings per share at Matahari Putra Prima Tbk are −10.08 IDR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Matahari Putra Prima Tbk (MPPA)?
The net margin of Matahari Putra Prima Tbk is −2.1% (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 Matahari Putra Prima Tbk (MPPA)?
The return on equity (ROE) of Matahari Putra Prima Tbk is −449% (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 Matahari Putra Prima Tbk (MPPA)?
On an EBIT basis the return on assets of Matahari Putra Prima Tbk is −1.9% (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 Matahari Putra Prima Tbk (MPPA)?
The operating margin of Matahari Putra Prima Tbk is −0.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Matahari Putra Prima Tbk (MPPA)?
Revenue at Matahari Putra Prima Tbk is growing +3.3% versus a year earlier (3y avg −0.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does Matahari Putra Prima Tbk (MPPA) carry?
The net debt of Matahari Putra Prima Tbk is 1.9T IDR (fiscal year 2025, ≈ 39.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Matahari Putra Prima Tbk in the live analysis
One click puts Matahari Putra Prima Tbk on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
