Mnc Sky Vision Tbk (MSKY) fair value: what the stock is really worth
As of Oct 9, 2026: fair value of Mnc Sky Vision Tbk IDR 131, price IDR 46, upside +184.6%, quality 58 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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.
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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.
Stock analysis
Mnc Sky Vision Tbk (MSKY) currently trades at 46.00 IDR, while our model-based Fair Value estimate is 130.93 IDR, implying the stock looks roughly 64.9% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 192.08 IDR per share, and 13 of the 13 models we run sit above the 46.00 IDR price.
Bear case: the Earnings-Based group reads lowest at 49.05 IDR, and 0 of the 13 models stay below the price. Evidence for this calculation is low.
Scenario range: 94.62 IDR (bear) to 167.25 IDR (bull), the price of 46.00 IDR sits below 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 58/100 (solid quality), in the Communication Services sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
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.
Key figures
Market cap 459B IDR (≈ $25.7M) · P/S ratio 1.46 · EPS (TTM) −1.70 IDR · Net margin −23.7% · Return on equity −1.4% · Return on assets (EBIT) −3.2% · Operating margin −60.4% · Revenue (TTM) 300B IDR.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 61% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at −2% fair-value upside, at 185%, MSKY screens cheaper than that median.
Fair Value models
Bear 94.62 IDRFair Value 130.93 IDRBull 167.25 IDR
Price 46.00 IDR · Upside +184.6%
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 is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−45.8%
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.
−30.1%
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.
−28.3%
Start year 2020 (pandemic). Over 10 years: −19.2% a year
Revenue growth 18 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.
−1.5%
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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.
−7.7% (2020) → 23.7% (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).
−17.6%
The company could shrink this much every year for the next five years and today's price would still be justified.
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 −19.7% a year for the price.
Price, fair value, quality and upside side by side.
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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.Entertainment · 229 stocks
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Is Mnc Sky Vision Tbk (MSKY) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of 130.93 IDR versus a price of 46.00 IDR, about +185% upside (undervalued).
What is the fair value of MSKY?
Our model-based fair value for Mnc Sky Vision Tbk is 130.93 IDR (as of Oct 3, 2026), built from audited fundamentals. The current price: 46.00 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 price target for Mnc Sky Vision Tbk (MSKY)?
Our model-based price target is the fair value of 130.93 IDR (as of Oct 3, 2026) from 13 valuation models. Cautious scenario 94.62 IDR, optimistic scenario 167.25 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Mnc Sky Vision Tbk stock forecast for 2026?
Our models put fair value at 130.93 IDR, about +185% upside versus a price of 46.00 IDR (undervalued). Cautious scenario 94.62 IDR, optimistic scenario 167.25 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Mnc Sky Vision Tbk (MSKY)?
Mnc Sky Vision Tbk reported trailing-twelve-month revenue of about 300B IDR (latest available figure, as of Oct 3, 2026).
What growth is priced into Mnc Sky Vision Tbk (MSKY)?
For today's price to be fair in a discounted-cash-flow model, Mnc Sky Vision Tbk would have to grow free cash flow by -17.6 % per year for five years (discount rate 12.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -28.3 % per year. As of Oct 3, 2026.
What discount rate (WACC) does the fair value of MSKY use?
Our models discount Mnc Sky Vision Tbk at 12.0 %: a base by market capitalisation (nano), 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 Mnc Sky Vision Tbk that is -17.6 % per year a year over ten years, using the same discount rate (12.0 %) and the same formula as our fair value.
How much growth has Mnc Sky Vision Tbk (MSKY) delivered so far?
Over the past 5 years revenue at Mnc Sky Vision Tbk grew -28.3 % a year. The price currently implies -17.6 % 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 Mnc Sky Vision Tbk (MSKY) growing?
The median revenue growth in the sector is +3.6 % a year. That is the yardstick for the growth priced into Mnc Sky Vision Tbk (-17.6 % 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 Mnc Sky Vision Tbk (MSKY)?
The free-cash-flow yield on the price is 35.31 %: that much free cash flow Mnc Sky Vision Tbk produces per unit of market value. When it exceeds the discount rate of our models (12.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Mnc Sky Vision Tbk (MSKY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mnc Sky Vision Tbk it is 130.93 IDR per share (as of Oct 3, 2026), against a price of 46.00 IDR. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Mnc Sky Vision Tbk stock overvalued or undervalued in 2026?
As of Oct 3, 2026, MSKY trades below its calculated fair value: price 46.00 IDR, fair value 130.93 IDR, a gap of about +185% (undervalued). 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 MSKY?
No. The price is what the market pays today (46.00 IDR); the fair value is what the company's own numbers justify (130.93 IDR). For Mnc Sky Vision Tbk the two are 84.93 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Mnc Sky Vision Tbk worth?
The market values Mnc Sky Vision Tbk at about 459B IDR (market capitalisation, as of Oct 3, 2026). Per share that is 46.00 IDR; our models calculate a fair value of 130.93 IDR per share.
What do the bullish and bearish scenarios say about MSKY?
Our models span a range for Mnc Sky Vision Tbk: cautious scenario 94.62 IDR, base 130.93 IDR, optimistic 167.25 IDR per share (as of Oct 3, 2026, price 46.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Mnc Sky Vision Tbk (MSKY)?
Balance-sheet figures for Mnc Sky Vision Tbk (as of Oct 3, 2026): return on equity −1.4%. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is MSKY from its 52-week high?
Mnc Sky Vision Tbk trades at 46.00 IDR, about 61% below its 52-week high of 119.00 IDR and 5% above the low of 44.00 IDR (as of Oct 9, 2026). Distance from the high says nothing about value: that is what the fair value of 130.93 IDR is for.
Which stocks are comparable to Mnc Sky Vision Tbk?
From the same area (Communication Services) we also value Netflix, Inc, The Walt Disney Company, Live Nation Entertainment, Inc, TKO Group, 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 Mnc Sky Vision Tbk stock attractive at the current price?
The data as of Oct 3, 2026: price 46.00 IDR, calculated fair value 130.93 IDR (+185%), Quality Score 58/100, from 13 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 MSKY calculated?
We run Mnc Sky Vision Tbk through 13 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 130.93 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 14.9 % above its aggregate fair value. Mnc Sky Vision Tbk currently trades 65 % below its own fair value, and the market average says nothing about that. 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 Mnc Sky Vision Tbk (MSKY)?
The closing price on Oct 9, 2026 was 46.00 IDR. Our model-based fair value is 130.93 IDR, about +185% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mnc Sky Vision Tbk right now?
The price is below even our cautious bear case (94.62 IDR). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Mnc Sky Vision Tbk
How large is the market capitalisation of Mnc Sky Vision Tbk (MSKY)?
The market capitalisation of Mnc Sky Vision Tbk is 459B IDR (≈ $25.7M). 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 Mnc Sky Vision Tbk (MSKY)?
The price-to-sales ratio of Mnc Sky Vision Tbk is 1.46 (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 Mnc Sky Vision Tbk (MSKY)?
Earnings per share at Mnc Sky Vision Tbk are −1.70 IDR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Mnc Sky Vision Tbk (MSKY)?
The net margin of Mnc Sky Vision Tbk is −23.7% (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 Mnc Sky Vision Tbk (MSKY)?
The return on equity (ROE) of Mnc Sky Vision Tbk is −1.4% (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 Mnc Sky Vision Tbk (MSKY)?
On an EBIT basis the return on assets of Mnc Sky Vision Tbk is −3.2% (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 Mnc Sky Vision Tbk (MSKY)?
The operating margin of Mnc Sky Vision Tbk is −60.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mnc Sky Vision Tbk (MSKY)?
Revenue at Mnc Sky Vision Tbk is growing −45.0% versus a year earlier (3y avg −30.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Mnc Sky Vision Tbk (MSKY)?
Earnings per share at Mnc Sky Vision Tbk are growing +67.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Mnc Sky Vision Tbk (MSKY) carry?
The net debt of Mnc Sky Vision Tbk is 143B IDR (fiscal year 2025, ≈ 0.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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