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Mnc Sky Vision Tbk (MSKY) Fair Value & Analysis

Communication Services · ID · Market cap 618B IDR

MS Mnc Sky Vision Tbk MSKY · JK
Price61.00 IDR
Fair Value130.93 IDR
Upside+114.6%
Quality58/100
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Strengths

Trades 53% below our fair value of 130.93 IDR
Low debt · generates free cash flow

Risks

!Weak Growth (revenue 5y −28.3 %/yr)
!Loss-making · -9.4% net margin
!Mixed vs. peers (5/10)
!Narrow moat 21/100
Weak Growth (revenue 5y −28.3 %/yr)
Loss-making · -9.4% net margin
Low debt · generates free cash flow
Mixed vs. peers (5/10)
Narrow moat 21/100
Evidence: High Range 94.62 IDR – 167.25 IDR Share as image

Fair value as of: Aug 19, 2026

From 15 valuation models · updated 8 days ago

Share price +3.4% over the past month.

A solid business, trading 53% below our fair value.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The price is below even our cautious bear case (94.62 IDR). The market is more pessimistic than our downside scenario.
  • Solid quality (58/100) 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)

700.00 IDR 50.00 IDR Fair Value 130.93 IDR Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range 50.00 IDR – 700.00 IDR · fair‑value band 94.62 IDR – 167.25 IDR · the 61.00 IDR price screens below the 130.93 IDR fair value. Dashed = 300-day average. As of Aug 19, 2026.

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Analysis

Mnc Sky Vision Tbk (MSKY) currently trades at 61.00 IDR, while our model-based Fair Value estimate is 130.93 IDR, implying the stock looks roughly 114.6% undervalued today. The Quality Score stands at 58/100 (solid quality), in the Communication Services 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, Mnc Sky Vision Tbk generated revenue of 381B IDR at a net margin of -23.7%. Revenue declined 59.3% year over year. It earns a return on equity of -6.9%. Net debt stands at 143B IDR. Fundamentals as of Aug 19, 2026

Our scenario range runs from 94.62 IDR (bear case) to 167.25 IDR (bull case); at 61.00 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 about 57% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -51% fair-value upside, at 115%, MSKY 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 175.86 IDR 244.75 IDR 367.35 IDR 80
Rev-Margin DCF 109.15 IDR 151.08 IDR 203.72 IDR 74
ROIC Compounder 46.66 IDR 54.67 IDR 61.79 IDR 72
All 15 models by family
DCF Models
FCF DCF 167.33 IDR 237.68 IDR 373.07 IDR 38
5Y Revenue Exit 109.15 IDR 147.32 IDR 202.55 IDR 39
5Y EBITDA Exit 149.33 IDR 216.89 IDR 306.42 IDR 41
10Y Revenue Exit 127.62 IDR 158.60 IDR 190.71 IDR 36
10Y EBITDA Exit 154.78 IDR 202.62 IDR 253.12 IDR 37
Earnings-Based
EPV 46.66 IDR 54.67 IDR 61.79 IDR 59
Dividend Discount
Gordon GGM 2.85 IDR 3.13 IDR 3.57 IDR 70
DDM Multi-Stage 2.85 IDR 3.63 IDR 4.77 IDR 61
Multiples
EV/EBIT 110.21 IDR 146.53 IDR 182.84 IDR 53
EV/EBITDA 161.97 IDR 215.54 IDR 269.11 IDR 54
EV/Revenue 81.59 IDR 116.01 IDR 150.43 IDR 43
Asset-Based
NCAV (Graham) 39.08 IDR 52.37 IDR 78.16 IDR 50
Growth DCF
Growth DCF 175.86 IDR 244.75 IDR 367.35 IDR 80
Rev-Margin DCF 109.15 IDR 151.08 IDR 203.72 IDR 74
Economic Profit
ROIC Compounder 46.66 IDR 54.67 IDR 61.79 IDR 72

Widest divergence: DCF Models (202.62 IDR) versus Dividend Discount (3.13 IDR). Highest evidence: Growth DCF (80).

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Key figures & financial health

P/S ratio 1.79 TTM
Net margin -9.4% TTM
Return on equity -2.6% TTM
Return on assets 4.7% TTM
Operating margin -28.3% TTM
EPS (TTM) -3.30 IDR
More key figures
Growth
Revenue (TTM) 345B IDR TTM
Revenue growth (YoY) -35.9% 3y avg -30.1%
EPS growth (YoY) +67.8%
Balance sheet & cash flow
Free cash flow 162B IDR FY2025
Net debt 143B IDR FY2025 · ≈ 0.9 yrs of FCF

Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 57 · Market factors (momentum, volatility) 26

Profitability 6
Margins and returns on capital today
Quality Growth 57
Are margins and returns improving?
Cashflow 94
Earnings quality: real cash, not paper profit
Fin. Strength 39
Balance sheet, leverage, solvency risk
Investment 89
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 21
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 82
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.

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 MNC Sky Vision Tbk engages in the retransmission and marketing of television programs through satellites in Indonesia. The company provides family entertainment shows, as well as presents premium and featured channels in high-definition format. It also sells decoders and free to air shows.

Full company description

PT MNC Sky Vision Tbk engages in the retransmission and marketing of television programs through satellites in Indonesia. The company provides family entertainment shows, as well as presents premium and featured channels in high-definition format. It also sells decoders and free to air shows. The company was formerly known as PT Matahari Lintas Cakrawala and changed its name to PT MNC Sky Vision Tbk in December 2006. The company was founded in 1988 and is headquartered in Jakarta Barat, Indonesia. PT MNC Sky Vision Tbk is a subsidiary of PT MNC Vision Networks Tbk.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Mnc Sky Vision Tbk reported revenue of 381B IDR in FY2025 versus 1.5T IDR in FY2021, a compound −28.5%/yr. Reported net income was −90.5B IDR in FY2025.

Growth Quality 23/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
381B IDR
Latest YoY
−45.8%
Avg. revenue 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.
−30.1%
Avg. revenue 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.
−28.3%
Avg. revenue growth/yr (18Y) 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.
−1.5%
Value creation/yr 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
Revenue −28.5%/yr
FY21 1.5T IDR
FY22 1.1T IDR
FY23 741B IDR
FY24 704B IDR
FY25 381B IDR
Net income
FY21 −182B IDR
FY22 −245B IDR
FY23 −275B IDR
FY24 −117B IDR
FY25 −90.5B IDR

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Cite: Fair Value Calculator (2026). "Mnc Sky Vision Tbk Fair Value". https://www.fairvalue-calculator.com/stock/MSKY

Peer Group

Entertainment · 268 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 58 · Above median
Fair Value upside +115% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) -9% · Below median
Operating margin (TTM) -28% · Bottom 25%
Revenue growth -36% · Bottom 25%
Dividend yield (TTM) 0.5% · Bottom 25%

Valuation Multiples vs Entertainment median · lower = cheaper

P/FCF 0.0× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 11
FUTURE0 · sector 9
PAST0 · sector 0
HEALTH100 · sector 98
DIVIDEND10 · sector 43

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

Similar stocks

10 more Entertainment stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).

Stock Price Fair Value vs Fair Value
Netflix, Inc NFLX $82.23 $49.35 -40%
The Walt Disney Company DIS $103.50 $80.62 -22%
Warner Bros. Discovery, Inc WBD $27.65 $9.03 -67%
Live Nation Entertainment, Inc LYV $182.02 $59.97 -67%
Universal Music Group UMG €14.73 €14.78 +0%
TKO Group TKO $195.14 $47.75 -76%
Formula One Group FWONK $102.02 $35.21 -65%
Fox Corporation FOXA $63.05 $206.81 +228%
News Corporation NWS A$46.55 A$20.41 -56%
Warner Music Group WMG $24.79 $12.10 -51%

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Frequently asked questions

Is Mnc Sky Vision Tbk (MSKY) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of 130.93 IDR versus a price of 61.00 IDR, about +115% (undervalued).
What is the fair value of MSKY?
Our model-based fair value for Mnc Sky Vision Tbk is 130.93 IDR (as of Aug 19, 2026), built from audited fundamentals. The current price: 61.00 IDR.
What is the quality score of MSKY?
Mnc Sky Vision Tbk has a Quality Score of 58/100. 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 Mnc Sky Vision Tbk (MSKY)?
Mnc Sky Vision Tbk reported trailing-twelve-month revenue of about 381B IDR (latest available figure, as of Aug 19, 2026).
What is the net profit margin of MSKY?
The net profit margin of Mnc Sky Vision Tbk is about -23.7%, meaning it is currently running at a net loss. 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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