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PT Mega Perintis Tbk (ZONE) Fair Value & Analysis

Consumer Cyclical · ID · Market cap 470B IDR

PM PT Mega Perintis Tbk ZONE · JK
Price780.00 IDR
Fair Value353.00 IDR
Upside-54.7%
Quality61/100
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Healthy Growth
Thin margins · 2.4% net margin
Low debt · generates free cash flow
2.20% dividend yield
Ranks above peers (9/14)
Narrow moat 37/100
Evidence: High Range 264.75 IDR – 441.24 IDR Share as image

Fair value as of: Jul 12, 2026

From 24 valuation models · updated 29 days ago

Share price +44.4% over the past month.

A solid business, but screening 55% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (441.24 IDR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

1,689 IDR 314.82 IDR Fair Value 353.00 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range 314.82 IDR – 1,689 IDR · fair‑value band 264.75 IDR – 441.24 IDR · the 780.00 IDR price screens above the 353.00 IDR fair value. Dashed = 300-day average. As of Jul 12, 2026.

Full chart & analysis →

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Analysis

PT Mega Perintis Tbk (ZONE) currently trades at 780.00 IDR, while our model-based Fair Value estimate is 353.00 IDR, implying the stock looks roughly 54.7% overvalued today. The Quality Score stands at 61/100 (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, PT Mega Perintis Tbk generated revenue of 855B IDR at a net margin of 2.4%. Revenue grew 47.7% year over year. It earns a return on equity of 5.0%. Net debt stands at 222B IDR. Fundamentals as of Jul 12, 2026

Our scenario range runs from 264.75 IDR (bear case) to 441.24 IDR (bull case); at 780.00 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 17% below its 52-week high and 153% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -45% fair-value upside, at -55%, ZONE 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
Growth DCF 993.95 IDR 1,720 IDR 2,982 IDR 80
Residual Income 330.34 IDR 326.67 IDR 293.38 IDR 76
Rev-Margin DCF 576.14 IDR 898.55 IDR 1,299 IDR 74
All 24 models by family
DCF Models
FCF DCF 987.60 IDR 1,735 IDR 3,026 IDR 38
Owner Earnings 1,297 IDR 2,274 IDR 3,964 IDR 31
5Y Revenue Exit 576.14 IDR 894.02 IDR 1,301 IDR 39
5Y EBITDA Exit 1,172 IDR 2,076 IDR 3,180 IDR 41
5Y P/E Exit 468.75 IDR 681.13 IDR 905.18 IDR 38
10Y Revenue Exit 691.29 IDR 1,033 IDR 1,508 IDR 36
10Y EBITDA Exit 1,103 IDR 1,900 IDR 3,058 IDR 37
10Y P/E Exit 633.58 IDR 877.16 IDR 1,181 IDR 35
Earnings-Based
Graham-Dodd 109.11 IDR 437.40 IDR 594.69 IDR 54
Lynch FV 108.84 IDR 155.48 IDR 202.12 IDR 50
PEG = 1.0 108.84 IDR 155.48 IDR 202.12 IDR 46
EPV 378.92 IDR 448.39 IDR 510.13 IDR 59
Multiples
P/E Multiple 264.75 IDR 353.00 IDR 441.24 IDR 63
P/S Multiple 204.58 IDR 272.77 IDR 340.96 IDR 58
P/B Multiple 204.58 IDR 272.77 IDR 340.96 IDR 55
EV/EBIT 591.31 IDR 793.31 IDR 995.30 IDR 53
EV/EBITDA 1,383 IDR 1,849 IDR 2,315 IDR 54
EV/Revenue 393.80 IDR 568.86 IDR 743.93 IDR 43
Asset-Based
NCAV (Graham) 220.43 IDR 295.38 IDR 440.86 IDR 50
Growth DCF
Growth DCF 993.95 IDR 1,720 IDR 2,982 IDR 80
Rev-Margin DCF 576.14 IDR 898.55 IDR 1,299 IDR 74
Economic Profit
Residual Income 330.34 IDR 326.67 IDR 293.38 IDR 76
ROIC Compounder 378.92 IDR 456.86 IDR 614.03 IDR 72
Growth Earnings
Growth-Adj P/E 196.35 IDR 280.51 IDR 364.66 IDR 68

Widest divergence: DCF Models (1,033 IDR) versus Earnings-Based (155.48 IDR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 855B IDR
Revenue growth (YoY) +47.7%
Net margin 2.4%
Return on equity 5.0%
Free cash flow 67.5B IDR FY2025
P/E ratio 9.6
More key figures
Operating margin 11.5%
EPS (TTM) 56.43 IDR
Dividend yield 2.2%
EPS growth (YoY) +29.5%
Net debt 222B IDR FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

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

Profitability 42
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 66
Earnings quality: real cash, not paper profit
Fin. Strength 52
Balance sheet, leverage, solvency risk
Investment 84
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 67
Price trend over the last 3–12 months (market factor)
52W Momentum 60
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 Mega Perintis Tbk engages in the manufacturing and retailing of men's apparel in Indonesia. It operates through two segments, Clothes and Accessories.

Full company description

PT Mega Perintis Tbk engages in the manufacturing and retailing of men's apparel in Indonesia. It operates through two segments, Clothes and Accessories. The company is involved in the trading of ready-made clothing, such as garments, shoes, bags, and sports equipment, as well as act as an agent, suppliers, franchises, and distributors of agencies and companies. PT Mega Perintis Tbk was founded in 2005 and is headquartered in Jakarta Selatan, Indonesia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Mega Perintis Tbk reported revenue of 727B IDR in FY2025 versus 464B IDR in FY2021, a compound +11.9%/yr. Reported net income was 14.0B IDR in FY2025, compounding −18.0%/yr from FY2021.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
727B IDR
Latest YoY
+2.6%
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.
+2.6%
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.
+17.3%
Avg. growth/yr (10Y) 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.
+10.3%
Revenue +11.9%/yr
FY21 464B IDR
FY22 673B IDR
FY23 735B IDR
FY24 708B IDR
FY25 727B IDR
Net income −18.0%/yr
FY21 30.9B IDR
FY22 72.9B IDR
FY23 47.0B IDR
FY24 7.1B IDR
FY25 14.0B IDR
Character of growth · EPS growth decomposed (2015-2025) +0.0 % p.a.
Revenue per share +9.5 pp

of which total revenue +10.7 pp · buybacks/dilution −1.1 pp

EBIT margin −6.8 pp
Tax rate −0.4 pp
Residual (interest, one-offs) −2.2 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).

ZONE screens 55% overvalued. Compare with Industria de Diseño Textil, S.A →

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Cite: Fair Value Calculator (2026). "PT Mega Perintis Tbk Fair Value". https://www.fairvalue-calculator.com/stock/ZONE

Peer Group

Apparel Retail · 106 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 61 · Above median
Fair Value upside −55% · Bottom 25%
Return on equity (TTM) 5% · Below median
Return on assets 4% · Above median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 12% · Top 25%
Revenue growth 48% · Top 25%
Dividend yield (TTM) 2.2% · Above median
Debt / equity 0.05× · Higher than median

Valuation Multiples vs Apparel Retail median · lower = cheaper

P/E (TTM) 9.6× · Cheaper than 75% of peers
P/B 1.22× · Cheaper than median
P/S (TTM) 0.55× · Pricier than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 6.1× · 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 33
FUTURE 100 · sector 18
PAST 20 · sector 36
HEALTH 98 · sector 100
DIVIDEND 44 · sector 44

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 Apparel Retail stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Industria de Diseño Textil, S.A 1ITX €58.44 €23.29 -60%
The TJX Companies, Inc TJX $154.46 $84.95 -45%
Fast Retailing Co 6288 HK$40.00 HK$15.37 -62%
Ross Stores, Inc ROST $233.46 $118.41 -49%
Burlington Stores, Inc BURL $327.72 $147.08 -55%
Trent Limited TRENT ₹2,903 ₹709.49 -76%
lululemon athletica inc., LULU $116.33 $299.63 +158%
Aritzia Inc ATZ C$160.05 C$87.26 -45%
The Gap, Inc GAP $20.35 $37.12 +82%
Urban Outfitters, Inc URBN $72.95 $92.88 +27%

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Frequently asked questions

Is PT Mega Perintis Tbk (ZONE) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of 353.00 IDR versus a price of 780.00 IDR, about −55% (overvalued).
What is the fair value of ZONE?
Our model-based fair value for PT Mega Perintis Tbk is 353.00 IDR (as of Jul 12, 2026), built from audited fundamentals. The current price is 780.00 IDR.
What is the quality score of ZONE?
PT Mega Perintis Tbk has a Quality Score of 61/100. 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 Mega Perintis Tbk (ZONE)?
PT Mega Perintis Tbk reported trailing-twelve-month revenue of about 855B IDR (latest available figure, as of Jul 12, 2026).
What is the net profit margin of ZONE?
The net profit margin of PT Mega Perintis Tbk is about 2.4%, meaning it keeps roughly 2.4% of revenue as net income. Based on the latest reported figures.
Does PT Mega Perintis Tbk pay a dividend?
PT Mega Perintis Tbk currently shows a dividend yield of about 2.20% relative to its recent price (as of Jul 12, 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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