Multi Spunindo Jaya Tbk. (MSJA) Fair Value & Analysis
Consumer Cyclical · ID · Market cap 2.3T IDR (≈ $233M) · ISIN ID1000201304
Strengths
Risks
Fair value as of: Aug 14, 2026
From 24 valuation models · updated 17 days ago
Fair value updated Aug 14, 2026, revised from 361.18 IDR to 357.30 IDR (−1.1%) since Jul 17, 2026. Share price +10.5% over the past month.
A solid business, but trading 24% above our fair value.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (357.30 IDR). The favourable scenario is already priced in.
- Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (178.65 IDR to 357.30 IDR) leaves room in how you read the outcome.
Price vs Fair Value (3 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 14, 2026.
How to read this chart
32‑month range 235.29 IDR – 534.43 IDR · fair‑value band 178.65 IDR – 357.30 IDR · the 442.00 IDR price screens above the 357.30 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 14, 2026.
Analysis
Multi Spunindo Jaya Tbk. (MSJA) currently trades at 442.00 IDR, while our model-based Fair Value estimate is 357.30 IDR, implying the stock looks roughly 19.2% overvalued today. The Quality Score stands at 57/100 (solid quality), in the Consumer Cyclical 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, Multi Spunindo Jaya Tbk. generated revenue of 63.8M IDR at a net margin of 10.1%. Revenue declined 2.6% year over year. It earns a return on equity of 7.9%. The balance sheet holds a net cash position of 6.7M IDR. Fundamentals as of Aug 14, 2026
Our scenario range runs from 178.65 IDR (bear case) to 357.30 IDR (bull case); at 442.00 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. The share trades about 19% below its 52-week high and 58% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -26% fair-value upside, at -19%, MSJA screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2026 figures, and about 2 months have passed since. In that time the company retained roughly 3.31 IDR per share, which is 0.9 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
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 24 models by family
Widest divergence: DCF Models (357.30 IDR) versus Earnings-Based (178.65 IDR). Highest evidence: FCF DCF (79).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 14, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 57 · Market factors (momentum, volatility) 66
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
PT Multi Spunindo Jaya Tbk manufactures and sells nonwoven materials in Indonesia and internationally. The company offers polypropylene, polyester (PET), polyethylene (PE), bicomponent PET/PE, biodegradable, polyethylene, biodegradable, and 3D embossed spunbond materials; meltblown and spunmelt materials; and ready-made nonwoven composite materials for use …
Full company description
PT Multi Spunindo Jaya Tbk manufactures and sells nonwoven materials in Indonesia and internationally. The company offers polypropylene, polyester (PET), polyethylene (PE), bicomponent PET/PE, biodegradable, polyethylene, biodegradable, and 3D embossed spunbond materials; meltblown and spunmelt materials; and ready-made nonwoven composite materials for use in personal care and hygiene, medical, agriculture and horticulture, geotextile, building and construction, automotive, household and furnishing, filtration, clothing and shoes, absorbent and wiping materials, packaging and miscellaneous, and FRP pipe industries. It is involved in the plastic recycling industry and trading activities. The company was founded in 1997 and is based in Sidoarjo, Indonesia. PT Multi Spunindo Jaya Tbk is a subsidiary of PT Maju Selaras Jayamerta.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Multi Spunindo Jaya Tbk. reported revenue of $63.4M in FY2026 versus $77.9M in FY2022, a compound −5.0%/yr. Reported net income was $5.6M in FY2026, compounding −11.6%/yr from FY2022.
MSJA screens 24% overvalued. Compare with Shenzhou International Group →
Peer Group
Textile Manufacturing · 341 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 Textile Manufacturing 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.
Similar stocks
10 more Textile Manufacturing stocks, each showing price versus our Fair Value estimate (as of Aug 14, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Shenzhou International Group 2313 | HK$37.94 | HK$68.35 | +80% |
| Tongkun Group 601233 | ¥22.67 | ¥14.53 | -36% |
| Inner Mongolia ERDOS Resources Co 600295 | ¥12.95 | ¥14.35 | +11% |
| Far Eastern New Century Corporation 1402 | 28.55 TWD | 25.64 TWD | -10% |
| K.P.R. Mill Limited KPRMILL | ₹1,124 | ₹467.49 | -58% |
| HMT (Xiamen) New Technical Materials Co 603306 | ¥71.55 | ¥11.85 | -83% |
| Zhejiang Orient Holdings 600120 | ¥4.89 | ¥2.21 | -55% |
| Vardhman Textiles Limited VTL | ₹592.75 | ₹437.53 | -26% |
| Albany International Corp AIN | $59.92 | $18.40 | -69% |
| Isiklar Enerji ve Yapi Holding IEYHO | 174.20 TRY | 324.31 TRY | +86% |
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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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