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PT Murni Sadar Tbk, (MTMH) Fair Value & Analysis

Healthcare · ID · Market cap 2.0T IDR

PM PT Murni Sadar Tbk, MTMH · JK
Price935.00 IDR
Fair Value463.97 IDR
Upside-50.4%
Quality45/100
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Expensive Growth
Thin margins · 2.9% net margin
Low debt · negative free cash flow
0.25% dividend yield
Trails peers (3/13)
Narrow moat 32/100
Evidence: Medium Range 347.98 IDR – 579.96 IDR Share as image

Fair value as of: Jul 17, 2026

From 14 valuation models · updated 24 days ago

Share price −3.1% over the past month.

Below-average quality, and screening another 50% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (579.96 IDR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (4 years)

2,723 IDR 837.99 IDR Fair Value 463.97 IDR Apr 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

52‑month range 837.99 IDR – 2,723 IDR · fair‑value band 347.98 IDR – 579.96 IDR · the 935.00 IDR price screens above the 463.97 IDR fair value. Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

PT Murni Sadar Tbk, (MTMH) currently trades at 935.00 IDR, while our model-based Fair Value estimate is 463.97 IDR, implying the stock looks roughly 50.4% overvalued today. The Quality Score stands at 45/100 (below-average quality), in the Healthcare 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: medium).

Over the trailing twelve months, PT Murni Sadar Tbk, generated revenue of 1.4T IDR at a net margin of 2.9%. Revenue grew 22.9% year over year. It earns a return on equity of 2.7%. Net debt stands at 747B IDR. Fundamentals as of Jul 17, 2026

Our scenario range runs from 347.98 IDR (bear case) to 579.96 IDR (bull case); at 935.00 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 43% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at 11% fair-value upside, at -50%, MTMH screens richer 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
ROIC Compounder 214.13 IDR 288.11 IDR 353.87 IDR 72
Growth-Adj P/E 391.15 IDR 558.78 IDR 726.41 IDR 68
P/E Multiple 347.98 IDR 463.97 IDR 579.96 IDR 63
All 14 models by family
Earnings-Based
Graham-Dodd 143.41 IDR 938.66 IDR 1,314 IDR 54
Lynch FV 273.26 IDR 390.37 IDR 507.48 IDR 50
PEG = 1.0 273.26 IDR 390.37 IDR 507.48 IDR 46
EPV 214.13 IDR 288.11 IDR 353.87 IDR 59
Multiples
P/E Multiple 347.98 IDR 463.97 IDR 579.96 IDR 63
P/S Multiple 268.89 IDR 358.52 IDR 448.15 IDR 58
P/B Multiple 268.89 IDR 358.52 IDR 448.15 IDR 55
EV/EBIT 509.25 IDR 747.37 IDR 985.49 IDR 53
EV/EBITDA 1,259 IDR 1,747 IDR 2,235 IDR 54
EV/Revenue 304.75 IDR 523.26 IDR 741.77 IDR 43
Asset-Based
NCAV (Graham) 357.31 IDR 478.79 IDR 714.62 IDR 50
Economic Profit
Residual Income 524.93 IDR 511.50 IDR 439.22 IDR 61
ROIC Compounder 214.13 IDR 288.11 IDR 353.87 IDR 72
Growth Earnings
Growth-Adj P/E 391.15 IDR 558.78 IDR 726.41 IDR 68

Widest divergence: Growth Earnings (558.78 IDR) versus Economic Profit (288.11 IDR). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) 1.4T IDR
Revenue growth (YoY) +22.9%
Net margin 2.9%
Return on equity 2.7%
Free cash flow −94.7B IDR FY2025
P/E ratio 48.3
More key figures
Operating margin 7.2%
EPS (TTM) 19.68 IDR
Dividend yield 0.3%
EPS growth (YoY) -21.6%
Net debt 747B IDR FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 45/100

Of which business quality 46 · Market factors (momentum, volatility) 38

Profitability 26
Margins and returns on capital today
Quality Growth 72
Are margins and returns improving?
Cashflow 42
Earnings quality: real cash, not paper profit
Fin. Strength 41
Balance sheet, leverage, solvency risk
Investment 23
Disciplined investing over empire-building
Low Volatility 52
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 26
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.

About the company

PT Murni Sadar Tbk, together with its subsidiaries, provides health services and manages private hospitals in Indonesia.

Full company description

PT Murni Sadar Tbk, together with its subsidiaries, provides health services and manages private hospitals in Indonesia. The company offers outpatient installation services, including specialist, family health, general, dental, tropical diseases, travel medicine, and pain clinics; laboratory services, such as clinical pathology, blood bank, biomolecular/PCR, microbiology, and anatomical pathology; radiotherapy, consists of LINAC, CT-simulator and immobilization, treatment planning system, and brachytherapy services. It also provides radiology services, including general X-Ray, ultrasonography (USG), mammography, 128 slice CT scan, 1.5 Tesla MRI, and interventional radiology; heart & vascular center, such as ECG, treadmill test, echocardiology, holter monitoring, and cardiac catheterization laboratory; endoscopy, contain esophagoscopy, gastroscopy, colonoscopy, bronchoscopy, and ERCP; medical rehabilitation, comprising physiotherapy, speech and occupation therapy, and orthotic prosthetic. In addition, the company offers general services, which includes emergency installation, and inpatient facility; intensive care; public facilities; operating theatres, ESWL, laporoscopic surgery, oncology, chemotherapy, pharmaceutical installations, medical checkup, lifestyle clinic, murni teguh IVF, home care, palliative care, EEG, EMG, and ambulance services; as well as operates IVF Centre. Further, it provides general facilities such as, auditorium, cafeteria, commercials area, fitness gym, and homestay. PT Murni Sadar Tbk was founded in 2010 and is based in Medan, Indonesia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Murni Sadar Tbk, reported revenue of 1.4T IDR in FY2025 versus 983B IDR in FY2021, a compound +8.4%/yr. Reported net income was 43.6B IDR in FY2025, compounding −23.9%/yr from FY2021.

Growth Quality 52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
1.4T IDR
Latest YoY
+27.2%
Avg. 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.
+18.2%
Avg. 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.
+19.0%
Avg. growth/yr (7Y) 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.
+21.8%
Revenue +8.4%/yr
FY21 983B IDR
FY22 822B IDR
FY23 922B IDR
FY24 1.1T IDR
FY25 1.4T IDR
Net income −23.9%/yr
FY21 130B IDR
FY22 66.0B IDR
FY23 −12.8B IDR
FY24 5.2B IDR
FY25 43.6B IDR

MTMH screens 50% overvalued. Compare with HCA Healthcare, Inc →

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Cite: Fair Value Calculator (2026). "PT Murni Sadar Tbk, Fair Value". https://www.fairvalue-calculator.com/stock/MTMH

Peer Group

Medical Care Facilities · 261 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 45 · Below median
Fair Value upside −50% · Bottom 25%
Return on equity (TTM) 3% · Below median
Return on assets 3% · Below median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 7% · Below median
Revenue growth 23% · Top 25%
Dividend yield (TTM) 0.3% · Bottom 25%
Debt / equity 0.30× · Higher than median

Valuation Multiples vs Medical Care Facilities median · lower = cheaper

P/E (TTM) 48.3× · Pricier than 75% of peers
P/B 1.33× · Cheaper than median
P/S (TTM) 1.38× · Pricier than median
EV/EBITDA 8.2× · Cheaper than median

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.

VALUE 0 · sector 23
FUTURE 100 · sector 24
PAST 11 · sector 30
HEALTH 85 · sector 90
DIVIDEND 5 · sector 38

VALUE 0: the price sits above our fair-value range.

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Medical Care Facilities stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
HCA Healthcare, Inc HCA $378.85 $554.93 +46%
Fresenius SE FRE €41.73 €32.15 -23%
Dr. Sulaiman Al Habib Medical Services Group 4013 235.00 SAR 112.37 SAR -52%
IHH Healthcare Berhad, an investment holding company, Q0F 2.58 SGD 1.44 SGD -44%
Tenet Healthcare Corporation THC $194.91 $338.05 +73%
Rede D'Or São Luiz S.A RDOR3 R$36.01 R$47.31 +31%
DaVita Inc DVA $231.61 $255.97 +11%
Apollo Hospitals Enterprise Limited APOLLOHOSP ₹8,955 ₹2,955 -67%
Fresenius Medical Care AG FMS $24.68 $45.60 +85%
Aier Eye Hospital Group 300015 ¥8.68 ¥7.67 -12%

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Frequently asked questions

Is PT Murni Sadar Tbk, (MTMH) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 463.97 IDR versus a price of 935.00 IDR, about −50% (overvalued).
What is the fair value of MTMH?
Our model-based fair value for PT Murni Sadar Tbk, is 463.97 IDR (as of Jul 17, 2026), built from audited fundamentals. The current price is 935.00 IDR.
What is the quality score of MTMH?
PT Murni Sadar Tbk, has a Quality Score of 45/100. 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 PT Murni Sadar Tbk, (MTMH)?
PT Murni Sadar Tbk, reported trailing-twelve-month revenue of about 1.4T IDR (latest available figure, as of Jul 17, 2026).
What is the net profit margin of MTMH?
The net profit margin of PT Murni Sadar Tbk, is about 2.9%, meaning it keeps roughly 2.9% of revenue as net income. Based on the latest reported figures.
Does PT Murni Sadar Tbk, pay a dividend?
PT Murni Sadar Tbk, currently shows a dividend yield of about 0.25% relative to its recent price (as of Jul 17, 2026).

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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