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PT Mayora Indah Tbk, (MYOR) Fair Value & Analysis

Consumer Defensive · ID · Market cap 38.7T IDR

PM PT Mayora Indah Tbk, MYOR · JK
Price1,710 IDR
Fair Value2,699 IDR
Upside+57.8%
Quality60/100
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Healthy Growth
Thin margins · 8.2% net margin
Low debt · generates free cash flow
Ranks above peers (10/15)
Moderate moat 57/100
Evidence: High Range 1,778 IDR – 3,399 IDR Share as image

Fair value as of: Jul 18, 2026

From 26 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from 2,719 IDR to 2,699 IDR (−0.7%) since Jun 24, 2026. Share price −0.3% over the past month.

A solid business, screening 58% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (1,778 IDR). The market is more pessimistic than our downside scenario.
  • Solid quality (60/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (1,778 IDR to 3,399 IDR) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

2,788 IDR 1,348 IDR Fair Value 2,699 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range 1,348 IDR – 2,788 IDR · fair‑value band 1,778 IDR – 3,399 IDR · the 1,710 IDR price screens below the 2,699 IDR fair value. Dashed = 300-day average. As of Jul 18, 2026.

Full chart & analysis →

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Analysis

PT Mayora Indah Tbk, (MYOR) currently trades at 1,710 IDR, while our model-based Fair Value estimate is 2,699 IDR, implying the stock looks roughly 57.8% undervalued today. The Quality Score stands at 60/100 (solid quality), in the Consumer Defensive 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, PT Mayora Indah Tbk, generated revenue of 38.2T IDR at a net margin of 8.2%. Revenue declined 4.7% year over year. It earns a return on equity of 17.1%. Net debt stands at 2.4T IDR. Fundamentals as of Jul 18, 2026

Our scenario range runs from 1,778 IDR (bear case) to 3,399 IDR (bull case); at 1,710 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 31% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -3% fair-value upside, at 58%, MYOR 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 1,620 IDR 3,066 IDR 5,781 IDR 80
Residual Income 887.59 IDR 1,140 IDR 3,171 IDR 76
Rev-Margin DCF 1,585 IDR 2,888 IDR 4,647 IDR 74
All 26 models by family
DCF Models
FCF DCF 1,645 IDR 3,254 IDR 6,347 IDR 38
Owner Earnings 1,829 IDR 3,619 IDR 7,062 IDR 31
5Y Revenue Exit 1,585 IDR 2,939 IDR 4,837 IDR 39
5Y EBITDA Exit 1,893 IDR 3,601 IDR 5,821 IDR 41
5Y P/E Exit 1,849 IDR 3,506 IDR 5,475 IDR 38
10Y Revenue Exit 1,538 IDR 2,876 IDR 5,058 IDR 36
10Y EBITDA Exit 1,808 IDR 3,385 IDR 5,936 IDR 37
10Y P/E Exit 1,778 IDR 3,312 IDR 5,628 IDR 35
Earnings-Based
Graham-Dodd 880.49 IDR 4,669 IDR 6,466 IDR 54
Lynch FV 1,286 IDR 1,837 IDR 2,389 IDR 50
PEG = 1.0 1,286 IDR 1,837 IDR 2,389 IDR 46
EPV 1,378 IDR 1,619 IDR 1,833 IDR 59
Dividend Discount
Gordon GGM 560.17 IDR 1,223 IDR 2,058 IDR 70
DDM Multi-Stage 560.17 IDR 1,002 IDR 1,275 IDR 61
Multiples
P/E Multiple 2,039 IDR 2,719 IDR 3,399 IDR 63
P/S Multiple 1,651 IDR 2,201 IDR 2,752 IDR 58
P/B Multiple 1,651 IDR 2,201 IDR 2,752 IDR 55
EV/EBIT 2,160 IDR 2,875 IDR 3,591 IDR 53
EV/EBITDA 2,121 IDR 2,823 IDR 3,525 IDR 54
EV/Revenue 1,546 IDR 2,202 IDR 2,859 IDR 43
Asset-Based
NCAV (Graham) 408.96 IDR 548.01 IDR 817.93 IDR 50
Growth DCF
Growth DCF 1,620 IDR 3,066 IDR 5,781 IDR 80
Rev-Margin DCF 1,585 IDR 2,888 IDR 4,647 IDR 74
Economic Profit
Residual Income 887.59 IDR 1,140 IDR 3,171 IDR 76
ROIC Compounder 1,612 IDR 2,291 IDR 3,246 IDR 72
Growth Earnings
Growth-Adj P/E 1,903 IDR 2,719 IDR 3,535 IDR 68

Widest divergence: DCF Models (3,312 IDR) versus Asset-Based (548.01 IDR). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 38.2T IDR
Revenue growth (YoY) -4.7%
Net margin 8.2%
Return on equity 17.1%
Free cash flow 2.5T IDR FY2025
P/E ratio 12.6
More key figures
Operating margin 12.5%
EPS (TTM) 139.37 IDR
EPS growth (YoY) +37.4%
Net debt 2.4T IDR FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 60 · Market factors (momentum, volatility) 37

Profitability 60
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 47
Earnings quality: real cash, not paper profit
Fin. Strength 77
Balance sheet, leverage, solvency risk
Investment 57
Disciplined investing over empire-building
Low Volatility 76
Calm price path (market factor)
Momentum 23
Price trend over the last 3–12 months (market factor)
52W Momentum 17
Distance to the 52-week high (market factor)
Net Issuance 81
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 Mayora Indah Tbk, together with its subsidiaries, engages in the manufacture and sale of food and beverage products in Indonesia, the rest of Asia, and internationally. The company operates through three segments: Packaged Food Processing, Packaged Beverages Processing, and Financial Services.

Full company description

PT Mayora Indah Tbk, together with its subsidiaries, engages in the manufacture and sale of food and beverage products in Indonesia, the rest of Asia, and internationally. The company operates through three segments: Packaged Food Processing, Packaged Beverages Processing, and Financial Services. It offers biscuits under the Danisa, Slai O Lai, Zuperrr Keju, Coffee Joy, Better, Royal Choice, Roma Sari Gandum, Roma Biskuit Kelapa, Roma Marie Susu, Roma Malkist, Rome Wafers, and Roma filled Cookies brands names; confectionery products under the Kopiko, KIS/ FRESH MINT, KIS mint Chewy2, and Tamarins brand names; and wafers under the ASTOR, ASTOR Skinny roll, and Beng-Beng Regular brand names. The company also provides chocolates under the Choki Choki brand name; coffee under the Torabika Duo, Torabika 3in1, Torabika ToraSusu, Torabika Tora Moka, Torabika Creamy Latte, Torabika Cappuccino, Toracafe, and Kopiko Brown Coffee brand names; and health food products under the Energen Sereal & Susu Bergizi, Energen Oat Milk, and Prima Cereal brand names. In addition, it is involved in the provision of financial services; and processing of coffee powder and instant coffee, and cacao beans. The company was founded in 1977 and is headquartered in Jakarta, Indonesia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Mayora Indah Tbk, reported revenue of 38.7T IDR in FY2025 versus 27.9T IDR in FY2021, a compound +8.5%/yr. Reported net income was 2.9T IDR in FY2025, compounding +24.7%/yr from FY2021.

Growth Quality 80/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
38.7T IDR
Latest YoY
+7.2%
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.
+8.0%
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.
+9.6%
Avg. growth/yr (25Y) 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.
+17.5%
Revenue +8.5%/yr
FY21 27.9T IDR
FY22 30.7T IDR
FY23 31.5T IDR
FY24 36.1T IDR
FY25 38.7T IDR
Net income +24.7%/yr
FY21 1.2T IDR
FY22 1.9T IDR
FY23 3.2T IDR
FY24 3.0T IDR
FY25 2.9T IDR
Character of growth · EPS growth decomposed (2014-2025) +13.2 % p.a.
Revenue per share +9.4 pp

of which total revenue +9.4 pp · buybacks/dilution +0.0 pp

EBIT margin +0.5 pp
Tax rate +0.5 pp
Residual (interest, one-offs) +2.7 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "PT Mayora Indah Tbk, Fair Value". https://www.fairvalue-calculator.com/stock/MYOR

Peer Group

Packaged Foods · 649 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 60 · Above median
Fair Value upside +58% · Top 25%
Return on equity (TTM) 17% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 8% · Top 25%
Operating margin (TTM) 13% · Top 25%
Revenue growth -5% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.31× · Higher than median

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 12.6× · Cheaper than median
P/B 2.14× · Pricier than median
P/S (TTM) 1.01× · Pricier than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 7.5× · Cheaper than median
PEG 0.87× · 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 100 · sector 28
FUTURE 0 · sector 20
PAST 69 · sector 27
HEALTH 85 · sector 96
DIVIDEND 0 · sector 47

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 Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,427 ₹362.37 -75%
Britannia Industries Limited BRITANNIA ₹5,413 ₹1,870 -65%
Tata Consumer Products Limited TATACONSUM ₹1,089 ₹327.27 -70%
PT Indofood CBP Sukses Makmur Tbk ICBP 6,650 IDR 15,757 IDR +137%
Samyang Foods Co 003230 1,139,000 KRW 1,010,543 KRW -11%
Patanjali Foods Limited PATANJALI ₹413.80 ₹157.04 -62%
Vietnam Dairy Products Joint Stock Company VNM 58,500 VND 68,259 VND +17%
PT Cisarua Mountain Dairy Tbk CMRY 4,490 IDR 4,355 IDR -3%
Nongshim Co 004370 348,500 KRW 530,619 KRW +52%
PT Siantar Top Tbk, STTP 10,300 IDR 15,316 IDR +49%

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Frequently asked questions

Is PT Mayora Indah Tbk, (MYOR) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 2,699 IDR versus a price of 1,710 IDR, about +58% (undervalued).
What is the fair value of MYOR?
Our model-based fair value for PT Mayora Indah Tbk, is 2,699 IDR (as of Jul 18, 2026), built from audited fundamentals. The current price is 1,710 IDR.
What is the quality score of MYOR?
PT Mayora Indah Tbk, has a Quality Score of 60/100. 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 Mayora Indah Tbk, (MYOR)?
PT Mayora Indah Tbk, reported trailing-twelve-month revenue of about 38.2T IDR (latest available figure, as of Jul 18, 2026).
What is the net profit margin of MYOR?
The net profit margin of PT Mayora Indah Tbk, is about 8.2%, meaning it keeps roughly 8.2% of revenue as net income. 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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